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BusinessPhoto: MintBajaj Finance has reported asset quality stress due to short-tenure gold loans, while Piramal Finance highlighted that a large portion of industry gold loan disbursements have been made to borrowers with serious delinquency histories. These developments signal early warning signs of stress in the non-banking financial companies (NBFCs) sector linked to gold loan portfolios.
Mint·
BusinessPhoto: NDTV BusinessMeta was ordered to pay $25 billion in New Mexico after a jury found the company misled residents about handling their personal data. The case stems from the 2018 Cambridge Analytica scandal. The jury found 26 out of 29 statements by Meta misleading, totaling over 43 million breaches of consumer protection law. The judge reduced the potential $219 billion fine to $25 billion with 15% annual interest on unpaid amounts.
NDTV Business··Santa Fe
HealthPhoto: HT HealthDespite eating enough meals, many in India suffer from micronutrient deficiencies. NFHS-5 reports anemia in 57.2% of non-pregnant and 52.2% of pregnant women aged 15–49. The CNNS highlights vitamin D, B12, and iron deficiencies among adolescents. Dr. Sonali Gokhalay emphasizes that adequate food intake does not guarantee sufficient vitamin and mineral absorption, underscoring ongoing nutrition challenges beyond calorie sufficiency.
HT Health·
PoliticsPhoto: News18The Andhra Pradesh State Election Commission has suspended elections across 100 urban local bodies, including 13 municipal corporations and 87 municipalities and nagar panchayats, following a Supreme Court directive. The SC ordered consideration of extending the nomination deadline for candidates who faced law and order issues while filing papers. Further orders will follow after reports from district officials.
News18··Andhra Pradesh
SportsPhoto: Deccan HeraldFormer India captain Sunil Gavaskar highlighted the challenges India face on their New Zealand tour, having lost both Tests previously. He emphasized adapting to cooler early summer weather and grassy pitches favoring seam and swing bowling. Gavaskar noted these conditions could improve for batting once players settle. India will play T20I, ODI, and Test series, with the extended tour aiding adjustment to conditions and time zones.
Deccan Herald··Bengaluru
PoliticsPhoto: Hindu BusinessThe replacement of MGNREGA with the VB-GRAM G Act has weakened the rural right-to-work framework in India. Restoring a meaningful right to work requires adequate funding, living wages, and stronger local institutions. These measures would support constitutional goals, boost rural demand, and promote economic growth.
Hindu Business·
Mint·
Photo: MintBajaj Finance has reported asset quality stress due to short-tenure gold loans, while Piramal Finance highlighted that a large portion of industry gold loan disbursements have been made to borrowers with serious delinquency histories. These developments signal early warning signs of stress in the non-banking financial companies (NBFCs) sector linked to gold loan portfolios.
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