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BusinessPhoto: News18 Business

RBI Governor Clarifies Forex Curbs Are Not Capital Controls

RBI Governor Sanjay Malhotra clarified that the recent tightening of foreign exchange norms is aimed at restricting speculative trades and is not a capital control measure. He emphasized that capital account transactions remain unaffected, allowing non-residents to invest in equities, debt, corporate bonds, and external commercial borrowings. The new foreign exchange reserve ratio applies only to certain rupee derivative contracts exceeding $2 million.

News18 Business·

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WorldPhoto: HT World

LAPD Searches for Missing SNL Writer Jimmy Fowlie's Sister Christina Downer

The Los Angeles Police Department conducted a new search related to the disappearance of Christina Downer, sister of SNL writer Jimmy Fowlie, nearly a year after she was last seen in December 2025 in Koreatown, Los Angeles. Initially reported missing, the case later shifted to a homicide investigation. Fowlie and SNL cast members publicly appealed for help finding her.

HT World··Los Angeles

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TechnologyPhoto: Firstpost Tech

Sunil Mittal Urges AI Guardrails Amid Rapid Growth

Bharti Enterprises chairman Sunil Bharti Mittal has warned that artificial intelligence is advancing faster than regulations can keep up. He called on governments to develop safeguards to prevent potential accidents. Mittal also announced Airtel's plan to expand its data centre capacity to 1 gigawatt and create a sovereign cloud for Indian businesses, government agencies, and defence organisations.

Firstpost Tech·

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SciencePhoto: TOI World

USDA Trial Finds Cardboard Garden Beds Cut Weed Cover by 30%

A 2022 USDA-funded trial found that cardboard garden beds had 15% weed cover, significantly lower than the 45% in tilled beds. The study showed that cardboard beds made weeding easier and more efficient over two growing seasons. Crop yields varied depending on bed type, highlighting cardboard as an effective weed control method for farmers.

TOI World·

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BusinessPhoto: ET Markets

BHEL Q2 Net Profit Rises 120% to Rs 810 Crore

Bharat Heavy Electricals Limited (BHEL) reported a 120.1% year-on-year increase in net profit for Q2, reaching Rs 810 crore compared to Rs 368 crore last year. Revenue from operations also grew by 23.8%, totaling Rs 9,300 crore. This strong financial performance highlights significant growth and operational success for BHEL in the quarter.

ET Markets·

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BusinessPhoto: TOI Business

Consumer Panel Awards Rs 37,000 in IPO Share Dispute

In 2022, a woman applied for 130 IPO shares, but her bank recorded only 65 shares, causing her a loss of Rs 42,142. She also alleged physical and mental harassment by the bank. The Gujarat State Consumer Disputes Redressal Commission partly allowed her appeal and awarded her Rs 37,000 compensation.

TOI Business·

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