If India does get $100 billion a year in FDI, it would be a game-changer in every possible way. FPIs would come rushing back, AI or no AI, points out Debashis Basu.
'You have to get private investment to somewhere between 35% to 36% of GDP. It is hovering about 30%-31%.'
The United States Central Command announced strikes against Iranian military targets, including air defence and communication sites, in retaliation for alleged attacks on commercial shipping and US personnel. However, Iran's Foreign Ministry claims these strikes caused over 50 civilian casualties at a wedding and vowed a firm response. Iran's state media also reported retaliatory ballistic missile and drone attacks on US bases in Jordan and Bahrain, claims which were partially corroborated by Kuwait and Jordan reporting intercepted drones and missiles.
Gael Monfils celebrated his 40th birthday by defeating Adolfo Daniel Vallejo in the first round of the US Open, making him the oldest player since Jimmy Connors in 1992 to win a main-draw singles match at Flushing Meadows on his birthday.
Home favourite Coco Gauff successfully began her U.S. Open title defence, defeating Turkey's Zeynep Sonmez 6-3 6-4 in the first round. Gauff, fresh from her Cincinnati Open victory, displayed strong form, overcoming a brief challenge from Sonmez to secure a comfortable win under the lights of Arthur Ashe Stadium.
French Open champion Mirra Andreeva secured a comfortable 6-2 6-2 victory over Janice Tjen in her U.S. Open first-round match, demonstrating her prowess on hard courts and advancing to the second round.
Second seed Elena Rybakina secured a comfortable 6-3, 6-2 victory over American wildcard Thea Frodin in the first round of the US Open, easing concerns about her recent leg injury. Rybakina, a two-time Grand Slam champion, showed no signs of discomfort as she began her quest for the title and the world number one ranking. Frodin, making her Grand Slam main-draw debut, displayed flashes of brilliance but ultimately couldn't overcome the Australian Open champion.
American tennis star Taylor Fritz defeated compatriot Darwin Blanch in straight sets at the U.S. Open, showcasing a dominant serve. Fritz, a 2024 finalist, advanced to the second round, where he will face either Mattia Bellucci or Zsombor Piros.
US President Donald Trump on Tuesday said that Washington has launched a fresh wave of strikes against Iranian targets near the Strait of Hormuz. They come after what Trump claimed was in retaliation for Iran attempting to add sea mines to the Strait.
Babar Azam's fever adds to Pakistan's mounting troubles before the Edgbaston Test, with the PCB overhauling the squad and coaching staff after England secured an unassailable 2-0 lead.
Air Vice Marshal Shakti Sharma has achieved a historic milestone, becoming the first woman officer (non-medical) in the Indian Defence Forces to attain the rank of Air Vice Marshal. She has been appointed Assistant Chief of the Air Staff (Education) at Air Headquarters, bringing over three decades of diverse experience, including establishing IAF Chairs of Excellence and commanding a Sainik School.
Madison Keys overcame early nerves and Alina Korneeva 7-5, 6-4 at the US Open, avenging last year's first-round exit after improving her serving and composure.
Madhya Pradesh Chief Minister Mohan Yadav has indicated a potential renaming of Orchha's historic Jahangir Mahal to Veer Singh Mahal, honouring Bundela ruler Veer Singh Judeo. Yadav stated that Veer Singh originally built the palace, and the move aims to highlight overlooked historical aspects. Former minister Narottam Mishra supported the proposal, citing a "malicious attempt to erase our historical heritage" by Mughals. The palace, a blend of Bundela and Mughal architecture, was built for Jahangir but he never resided there.
Satyaki Savarkar, grandnephew of V D Savarkar, testified in a Pune court, stating that Rahul Gandhi's remarks portrayed Savarkar as a "Muslim hater" and "mob lyncher," which he claims is false. Savarkar asserted that his granduncle's writings promoted Muslim progress. The testimony was part of a defamation case filed against Gandhi concerning his alleged statements about Savarkar's writings.
Ibrahim Mbaye, the 18-year-old Senegal forward, has completed a permanent transfer from Paris St Germain to Premier League club Aston Villa.
President Volodymyr Zelenskyy announced that an Indian citizen was among 12 people killed in recent Russian aerial bomb and drone strikes on Odesa, Ukraine. Dozens more were injured in the attacks that occurred since Monday evening.
FC Bengaluru United has reappointed Nallappan Mohanraj as their head coach for the upcoming 2026-27 domestic season. Mohanraj, who previously led the team to Indian Football League qualification, will guide them through the BDFA Super Division League and their maiden IFL campaign.
Krunal Pandya kept his India comeback hopes alive after missing the Afghanistan T20I squad, following a strong IPL season where he impressed with bat and ball.
Prime Minister Narendra Modi, addressing the SCO summit in Bishkek, called for a united front against terrorism and its financing, rejecting double standards. He emphasised resolving conflicts through dialogue and diplomacy, not battlefields. Modi also highlighted that connectivity projects must respect national sovereignty and territorial integrity, a veiled reference to China's Belt and Road Initiative. India's vision for SCO rests on security, connectivity, and opportunity.
Manchester City have agreed a Man City Match Transfer Record With $169m Fernandez Blockbuster million deal for Chelsea midfielder Enzo Fernandez, matching the Premier League record and taking their summer spending close to 400 million.
