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Pakistan's public money a privilege? World Bank report reveals stark fiscal faultlines

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Pakistan's fiscal decentralisation efforts have failed to bridge regional spending gaps, with provincial capitals like Quetta and Lahore receiving significantly more per person than their own provinces. Despite budget surpluses in some areas, poorer regions face underinvestment. Concerns also arise over education and healthcare spending not yielding desired results, alongside widespread financial irregularities uncovered by auditors. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/CG7VTQc >

Market recap: Top-10 firms add Rs 1 lakh crore in market capitalisation; Airtel, Bajaj Finance lead gains

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Dalal Street concluded the past week on a high note, with top companies collectively adding over Rs 1 lakh crore to their market cap. Bharti Airtel and Bajaj Finance led the gains, buoyed by strong domestic economic data and positive global sentiment. While most of the top 10 firms saw their valuations climb, Larsen & Toubro and Reliance Industries experienced notable dips. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/pT4lg97 >

India's passport ranking slips, remains outside top 100: Which nations are in top 10?

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/W39iB4Y >

Ex-CFO of RCap, Amit Bapna, held in connection with ADAG probe

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The Central Bureau of Investigation (CBI) has apprehended Amit Bapna, former CFO of Reliance Capital Ltd, as part of its probe into Reliance ADA Group matters. Authorities allege Bapna, a key financial decision-maker, approved loans to intermediary firms despite knowing it violated RBI guidelines. Funds were reportedly diverted to various Reliance group entities, causing losses to banks and gains for the accused. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/3ri9tCd >

Nearly 500 cities set to become next economic hubs: FM Sitharaman

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India's middle class, comprising 31% of the population, is identified as the nation's primary growth engine, driving nearly all consumer spending. This demographic is expanding annually at 6.3% and is increasingly found in tier-two and tier-three cities, not just metropolises. Finance Minister Nirmala Sitharaman highlighted that around 500 cities are set to become new economic hubs, with government initiatives supporting AI-driven skill development to address job displacement fears. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/lvVT5GK >

Factory floor emerges as new cyber battleground

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Recent cyberattacks on Bajaj Auto and Tata Electronics have underscored the escalating cyber risks for India's manufacturing sector. As factories embrace automation and AI, their increased connectivity creates larger vulnerabilities. Experts warn that these breaches, which can halt production and compromise sensitive data, threaten intellectual property crucial for India's 'China-plus-one' strategy. Strengthening cybersecurity measures is now paramount for business continuity and trust. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/IfXwtne >

Loan growth speeds up in Q1, deposits still lag

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Indian banks witnessed robust credit growth in the June 2026 quarter, with some lenders seeing advances surge significantly. However, a widening gap emerged as deposits declined for select banks like Bank of Baroda, IDBI, and RBL. Public sector banks maintained a steadier credit-deposit growth, while private lenders adjusted liabilities. Factors like a new credit guarantee scheme and supply chain issues fueled loan demand. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/o7gvCuR >