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- 1India central bank completes 1 trillion rupee net debt saleโIndia central bank completes 1 trillion rupee net debt sale for first time in a decade
The Reserve Bank of India has completed net sales of government debt totalling 1 trillion rupees, the first time it has reached that figure in a decade. The scale of the central bank's selling marks a notable shift in management of India's bond market and liquidity, drawing attention from investors tracking the country's debt markets and interest rate outlook.
- 2Tata Trusts proposes Tata Sons revamp to avoid listingโTata Trusts proposes Tata Sons revamp to prevent listing driven by India's central bank
Tata Trusts has put forward a plan to restructure Tata Sons in an effort to prevent the conglomerate from being forced to list on Indian stock markets, a push driven by the Reserve Bank of India. The central bank's rules on finance companies have pressed Tata Sons toward a public listing, and the proposal marks a significant intervention by the charitable trusts that control the group.
- 3Protests in Ujjain over demolition of centuries-old mosqueโHundreds of Muslims have gathered in the Indian city of Ujjain to protest the partial demolition of a mosque they say is
Hundreds of Muslims have gathered in the Indian city of Ujjain to protest the partial demolition of a mosque they say is more than 600 years old. The BJP-led state government defends the action, saying it is needed to widen roads ahead of a major Hindu pilgrimage expected in 2028. Protesters argue the demolition targets a historic religious site, and the dispute has drawn national attention to tensions over religious heritage and development in the region.