News Summary

• Prime Minister Narendra Modi warned that the weaponisation of technology and critical minerals could become a hurdle to shared progress.
• Modi said the grouping needed to strengthen resilience and ensure that the benefits of solutions developed within BRICS were also adaptable and accessible to countries of the Global South.
• HDFC Bank’s board shortlisted two candidates whose names will be submitted to the RBI for approval.
• Tata Sons Private Ltd will have to prepare for a stock market listing after the Reserve Bank of India rejected its application for de-registration as a Core Investment Company.