PhonePe, India’s leading fintech company, faced a significant technical glitch that led to the failure of transactions on its platform. The issue, which began during peak traffic hours on a Monday evening, was traced to a network capacity shortfall when the company switched traffic to a new data centre. The company’s co-founder, Rahul Chari, confirmed the swift response and recovery efforts, assuring users that necessary steps were being taken to improve its system’s capacity and security.

Punjab’s taxation authorities have unearthed a massive bogus billing scam involving fraudulent transactions worth Rs. 1,549 crore and blocked Input Tax Credit (ITC) claims totaling Rs. 108.79 crore. In a broad enforcement drive spanning gold, coal, and industrial transactions, the crackdown exposed deep-rooted tax evasion networks operating across Ludhiana, Mandi Gobindgarh, Mohali, and other industrial centers. Finance Minister Harpal Singh Cheema credited the success to data analytics tools developed with IIT Hyderabad and citizen engagement through the ‘Mera Bill’ app.

Tata Steel has reported a sharp rebound in its financial performance, posting a consolidated net profit of Rs. 1,200.88 crore for the fourth quarter of FY25—more than double the figure from the same period a year earlier. This resurgence was driven by increased income and disciplined cost management. For the full year, the steelmaker returned to profitability with Rs. 3,173.78 crore in net profit, a stark contrast to the Rs. 4,909.61 crore loss it posted in FY24.

India's agricultural sector has received a substantial boost as the government confirmed record wheat production of 115.3 million tonnes for 2024–25, an increase over last year’s already-strong output. Agriculture Minister Shivraj Singh Chouhan emphasized that the ongoing heatwave is unlikely to hamper final yield estimates and may even accelerate harvesting operations. With major wheat-growing states nearing or completing harvest, and central food reserves significantly surpassing required buffer norms, the country’s food security position remains solid.

The Income Tax Department of India has notified all seven income tax return (ITR) forms for the assessment year 2025–26, introducing several changes aimed at simplifying compliance and broadening accessibility. Notably, salaried individuals with limited capital gains can now file simpler forms like ITR-1 and ITR-4, while new capital gains tax norms differentiate transactions before and after July 23, 2024. The threshold for disclosing assets and liabilities in ITR-3 has also been raised, easing the burden on middle-income taxpayers.

As tensions escalate between India and Pakistan, Bollywood actress Anushka Sharma has publicly expressed her unwavering support for the Indian Armed Forces. The actress, known for her strong ties to the military through her father, Colonel Ajay Kumar Sharma, voiced her gratitude through social media, praising the sacrifices made by soldiers to protect the nation. Her messages of appreciation highlight the deep personal connection she has with the military, having grown up with the legacy of her father’s service, particularly during the Kargil War.

Prateik Babbar and Priya Banerjee’s intimate wedding on February 14, 2025, at the late Smita Patil’s Mumbai home stirred controversy due to the absence of Prateik’s father, Raj Babbar, and his family. Addressing the situation, Prateik shared the personal reasons behind not inviting them, emphasizing his respect for his mother’s wishes and the complex family dynamics. His candid explanation sheds light on the emotional and ethical considerations that guided his decision, highlighting his commitment to honoring his late mother’s legacy in a way that felt right to him and his wife.

In a landmark development that promises to reshape Guwahati's tourism and hospitality landscape, Chief Minister Himanta Biswa Sarma has announced the construction of 11 new five-star hotels in the city. The projects, which include investments from global hospitality giants like Marriott International and Taj, are expected to bolster Assam's infrastructure, create thousands of jobs, and draw increased international tourism to the region. With the foundation laid for two Marriott properties, this ambitious expansion marks a new era for Guwahati as a key hospitality hub in Northeast India.

Care Ratings, a leading domestic credit rating agency, has reported a significant surge in its fourth-quarter net profit for the fiscal year 2024-25. The company's profit climbed by 77%, reaching Rs 43.37 crore, driven by increased income. For the full fiscal year, Care Ratings achieved a 36.5% year-on-year growth in net profit. This positive financial performance was reflected in its stock market activity, with shares closing at Rs 1,342.85, a notable 4.28% increase from the previous day.

Macrotech Developers Ltd, the real estate powerhouse behind the Lodha brand, is strategically preparing to enter Delhi-NCR—India’s second-largest residential market—marking a significant expansion beyond its strongholds in Mumbai, Pune, and Bengaluru. The company is actively pursuing land acquisition opportunities in the region, planning pilot projects to navigate its unique dynamics. Buoyed by exponential growth forecasts and robust financials, including a record net profit of Rs. 2,764.3 crore in FY2024-25, Macrotech is doubling down on its national ambitions. With over Rs.