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India has achieved a remarkable milestone with its foreign exchange reserves soaring to an impressive $785.706 billion. This upswing comes on the heels of a notable rise in the previous week, primarily fueled by robust foreign currency assets. The central bank's proactive steps attracted more than USD 136 billion in fresh inflows. Conversely, there was a slight dip in the value of India's gold reserves during that period.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/f4D9Ez5
Finance Minister Nirmala Sitharaman addressed artificial intelligence risks at the Global Fintech Fest 2026. She highlighted technology's potential to influence public opinion and electoral outcomes. The Reserve Bank of India recognized the Unified Fintech Forum as a self-regulatory organization. Sitharaman emphasized balancing innovation with necessary risk mitigation measures. India's young population is driving innovation and economic growth, she stated.
Banks will face disruptions across India due to elections and union strikes. A nationwide strike by bank employees is planned for September eleventh. Gujarat will see a three-day strike affecting thousands of branches and transactions. Several states observe bank holidays for Ganesh Chaturthi and other festivals. ATMs and digital banking services will remain available for customers.
On April 27, 2010, Bank of Maharashtra introduced a one-time option allowing a specified category of serving employees, retired employees and families of deceased employees to join the Pension Scheme, subject to the prescribed terms and conditions.
Stock market recommendations: Life Insurance Corporation of India, Tata Steel, and Bank of India are the top stocks to sell as per Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan on September 8, 2026.
