RBI Deputy Governor Rohit Jain discussed the future of India's foreign exchange markets, highlighting the increasing role of local currencies in cross-border trade, the impact of technology, and existing challenges. He emphasised the need for market evolution to facilitate India's global engagement, absorb shocks, and serve all users efficiently. Jain also addressed concerns about unauthorised forex trading platforms and the importance of customer awareness.
'It beggars belief that Saudi Arabia would deploy military force against India, a top partner and market.'
Bangladesh has not yet decided on Prime Minister Tarique Rahman's visit to India for the upcoming BRICS summit, with his office stating that Dhaka is awaiting New Delhi's response to its request for the extradition of deposed prime minister Sheikh Hasina and other 'fugitive criminals' currently residing in India.
As devastating flash floods swept through parts of Nepal, triggered by torrential rains and a surge in the Bhote Koshi River, Nepali residents and workers in Delhi spent Wednesday anxiously trying to reach family and friends back home, with reports of deaths and hundreds missing causing widespread worry.
Punjab Police have successfully dismantled two ISI-backed cross-border terror modules, leading to the arrest of nine individuals, including four juveniles. The modules were involved in recruiting local youth, conducting surveillance of security installations, and procuring illegal weapons under the direction of foreign-based ISI handlers.
National Security Advisor Ajit Doval is in Beijing for the 25th round of Special Representatives talks on the India-China boundary issue with his Chinese counterpart Wang Yi. These crucial discussions precede Chinese President Xi Jinping's anticipated visit to India for the BRICS summit, offering a potential opportunity for a meeting with Prime Minister Narendra Modi. The talks aim to address the long-standing border dispute and recurring tensions, with both sides emphasising the importance of peace and tranquillity for bilateral relations amidst recent reports of aggressive Chinese posturing in Arunachal Pradesh.
The US has informed allies it will avoid new military strikes on Iran, instead focusing on economic sanctions and maritime enforcement, particularly in the Strait of Hormuz. This strategic shift aims to intensify pressure on Tehran's economy and oil exports while keeping the military option open if Iran initiates aggression. Diplomatic efforts continue amidst persistent regional tensions and maritime incidents.
A senior cryosphere specialist has warned of a potential secondary flash flood in Nepal due to debris from an ice-rock avalanche accumulating at a river confluence, creating a temporary dam that is collecting water.
Subhash Chandra hoped that the lenders would discuss the matter with the borrowers, reconcile the outstanding accounts, and get paid by the borrowers.
External Affairs Minister S Jaishankar visited Kyiv, reiterating India's readiness to assist in ending the Ukraine-Russia war. He emphasised that solutions would not emerge from the battlefield and highlighted Prime Minister Modi's call for an end to the conflict. Discussions also covered humanitarian aid, the impact on commercial shipping, and bilateral trade, with Jaishankar inviting his Ukrainian counterpart to India for further talks.
India's market regulator, Sebi, is set to issue a consultation paper proposing changes to the methodology for determining settlement prices of derivative contracts, following significant feedback and 'sharp price spikes and distortions' observed during the recently implemented Closing Auction Session (CAS) mechanism.
Bangladesh has stated there is "no rush" for Prime Minister Tarique Rahman's visit to India, emphasising that Dhaka will not compromise its national interests. State Minister Humaiun Kobir indicated the visit would occur after sufficient bilateral progress. The visit is crucial for mending India-Bangladesh ties, which have been strained, particularly following the ouster of former PM Sheikh Hasina and Bangladesh's subsequent extradition request.
Indian government sources revealed that a 'cautious approach' was adopted during Prime Minister Narendra Modi's June talks with then-US President Donald Trump due to concerns over Trump's 'unpredictable behaviour' with foreign leaders, leading to a preference against a joint media interaction.
India has provided 68.5 tonnes of relief materials to flood-hit Nepal and sent technical teams, forensic experts and equipment to assist in search and rescue operations, the Indian embassy said.
'Once you're wrestling with making a merger of that scale value-accretive, you're also under pressure to keep growing the balance sheet and chasing liabilities, and other things start to slip as a consequence.'
After four consecutive months of withdrawals, Foreign Portfolio Investors (FPIs) injected Rs 20,200 crore into Indian equities in July, driven by attractive valuations, improving corporate earnings, and a more favourable global environment.
Analysts predict that geopolitical developments, particularly surrounding the Strait of Hormuz and the US-Iran standoff, along with crude oil prices, will be the primary factors influencing stock market movement in the coming week. Investors will also monitor foreign institutional flows and the Federal Open Market Committee (FOMC) minutes for signals on the Federal Reserve's policy outlook.
The death toll from flash floods in central Nepal has surged to 734, with nearly 2,500 people still missing. India has intensified its rescue and relief efforts, sending additional aid, technical teams, and forensic experts, while also working to locate and rescue over 275 missing Indian nationals.
Foreign Portfolio Investors (FPIs) injected Rs 12,921 crore into Indian equities during the first week of August, extending their buying spree, driven by improving macroeconomic conditions, expectations of US rate cuts, lower crude oil prices, and a stable rupee.
'After announcing that she will return to Bangladesh, if she does not, her credibility will suffer.'
The Union home ministry has updated the Immigration and Foreigners Rules, 2025, requiring foreigners staying in India beyond 180 days to register before their visa expires. The new rules also offer relief to children born to foreign parents and revise reporting requirements for medical institutions.
India on Tuesday conveyed to China the importance of maintaining peace and tranquility along the Line of Actual Control (LAC) for overall bilateral ties as national security advisor Ajit Doval held talks with Chinese Foreign Minister Wang Yi focusing on delimitation of the frontier and sustaining work on trans-boundary cooperation.
Farmers under the Samyukta Kisan Morcha have initiated a week-long protest at the Chandigarh-Mohali border, demanding a minimum support price (MSP) based on the C2 plus 50 per cent formula, debt waivers, and opposing the proposed India-US trade deal, Electricity Amendment Bill, and Seed Bill. They also raised concerns about water depletion and sought resolutions based on riparian principles.
It is about proving that the agency can still deliver when the stakes are high.
Bangladesh has requested India to create a "conducive environment" for Prime Minister Tarique Rahman's potential visit to New Delhi for the BRICS summit, linking it to their demand for the extradition of former prime minister Sheikh Hasina. This comes amidst strained relations following Hasina's media interaction in New Delhi, which Bangladesh deemed offensive, and her subsequent death sentence in absentia for "crimes against humanity." India maintains that the extradition request is under examination and that it had no role in Hasina's media event.
The death toll in the massive flash floods in Nepal on Thursday rose to 270, as authorities in Nepal race against time to find thousands of missing people, including 288 Indian tourists, in one of the country's worst disasters in recent years.
Nepali Prime Minister Balendra Shah held his first one-on-one meeting with Indian Ambassador Naveen Srivastava, signalling a shift towards direct diplomacy after previously preferring group interactions. The discussion focused on strengthening bilateral ties, development partnerships, and mutual interests between India and Nepal.
Any military response to a cross-border terror attack from Pakistan will have to take into account the new alignments beginning to take shape in the region, points out former foreign secretary Shyam Saran.
Nepal is reeling from devastating flash floods that have claimed over 600 lives and left more than 2,400 people missing. Rescuers are battling difficult conditions, including intermittent rainfall, to find survivors, while families desperately search for loved ones among lists of the injured and deceased. The widespread destruction has left towns and villages buried under mud, with infrastructure severely damaged.
HDFC Bank's share in active mutual fund schemes has fallen to multi-year lows, despite overall MF ownership in the bank rising, as the stock faces weak performance, soft margins, and governance concerns.
Bangladesh has once again sought the extradition of former premier Sheikh Hasina from India during High Commissioner Dinesh Trivedi's first meeting with Prime Minister Tarique Rahman in Dhaka, amidst fresh strains in ties between the two countries following Hasina's controversial virtual media interaction in New Delhi.
India and China held diplomatic talks to review the situation along the Line of Actual Control (LAC), discussing boundary delimitation, border management, and trans-border cooperation. Both nations stressed the importance of maintaining peace and tranquillity for bilateral relations and agreed to continue using existing channels to resolve outstanding issues.
'A balance had to be struck between the economic cost of taking action at this point against the need not to fall behind the curve in controlling inflation and anchoring inflation expectations.'
Congress president Mallikarjun Kharge has said that the Congress will oppose the Foreign Contribution (Regulation) Amendment Bill and the issue will also be discussed at the meeting of floor leaders of opposition parties on Monday.
'Value is not where you make money in India. It never has been.' 'You have to buy momentum.' 'Momentum is in technology, and I don't see that slowing down because I believe the AI infrastructure boom is going to last for a while.'
'Every period of excessive optimism eventually gives way to a correction, while periods of extreme pessimism often create the best investment opportunities.'
The Securities and Exchange Board of India (Sebi) is set to expand its artificial intelligence (AI)-based surveillance beyond trading data to include corporate filings, aiming to proactively flag financial misstatements and manipulation in quarterly results without relying solely on investor complaints.
Bangladesh on Wednesday expressed outrage over deposed prime minister Sheikh Hasina's media interaction in New Delhi, saying the event has hurt the sentiments of its people and could adversely affect efforts to improve bilateral ties with India.
'Healthy double-digit returns are still possible, though a sharp rally is unlikely.'
India has distanced itself from former Bangladesh prime minister Sheikh Hasina's recent media interaction in New Delhi, stating it played no role in the event nor endorsed her comments regarding the Bangladesh government. This comes after Bangladesh expressed outrage over the permitted interaction, which saw Hasina announce her determination to return to Bangladesh to restore democracy.
