The sweeping economic sanctions on Russia - the second largest producer of crude oil - following its invasion of Ukraine late last month can cull global and domestic growth along with the added pains of higher inflation and currency depreciation, RBI Deputy Governor Michael Patra has said. And if the war lingers on, it can even lead to deglobalisation and even a recession, he added. The ongoing war has only added a whole new dimension to the outlook, and in fact, a weighty downside, Patra said in a lecture at the industry lobby IMC on Friday evening.
Indian-origin British author Sunjeev Sahota is among the 13 authors longlisted for the prestigious 2021 Booker Prize for fiction for his novel China Room, alongside Nobel laureate Kazuo Ishiguro and Pulitzer Prize winner Richard Powers.
MSCHF, a Brooklyn-based group of artists and designers, painstakingly recreated three peoples' medical invoices as large scale paintings. The work is aptly called 3 Medical Bills.
India's first unicorn Zomato will make its stock market debut on Friday, marking a historic moment for the domestic capital market. As per initial schedule, Zomato's listing was to take place on July 27. However, investment banks managed to complete the share allotment and listing formalities ahead of the deadline. Under the Sebi framework, the timeline between IPO closing and listing has to be six working days. Zomato's IPO had closed on July 16.
Verstappen took his 26th career win 0.9 of a second ahead of Spaniard Sainz,
Gowri Ramnarayan explores the world of Kalki Krishnamurthy whose magnificent novel Ponniyin Selvan has inspired Mani Ratnam's latest film PS I.
Glimpses from Sunday's Nations League matches.
India is back on the diplomatic table pushing oil producing countries to raise production in a bid to cool down runaway oil prices. Brent crude oil prices traded above $90 a barrel, on Thursday, for the first time since 2014. Brent is the most popular marker for crude oil trade. It is used as a benchmark for two-thirds of the world's internationally traded crude oil.
British qualifier Emma Raducanu beat Canada's Leylah Fernandez 6-4 6-3 in a battle of two unseeded teenagers to win the U.S. Open women's title on Saturday.
Having established its presence in the country, luxury carmaker Lexus is now looking to chart its next phase of growth in India as it looks to consolidate sales network and drive in new models, including fully electric cars in the country, according to a top company official. The company, which is the luxury car arm of Japanese auto major Toyota, initiated operations in India in 2017 and currently sells seven models in the country, including the locally-produced ES 300h sedan. Known for its self charging hybrid cars, the company is now gearing up to drive in battery electric vehicles, besides ramping up its existing product portfolio in the market.
There has been a stellar rise for the Indian markets this far in calendar year 2021 (CY21) with the S&P BSE Sensex surging over 19 per cent. The gain in mid-and small-cap indices on the BSE has been sharper with both these indexes surging around 38 per cent and 54 per cent, respectively during this period. Rampant spread of Covid pandemic's Delta variant and the ensuing lockdown and mobility curbs across India, rising prices key commodities, including crude oil and its impact on inflation, possibility of tightening of policy stance by major global central banks, especially the US Federal Reserve (US Fed) have been some of the key headwinds that the markets successfully negotiated during this period.
Even in a chaotic season like this one, full of upsets and last-ball finishes, there were some players who were consistent throughout the competition and featured heavily in the individual awards.
Love Hostel stays focused on the murky present and revelling in its increasingly dark outcome. Despite the reach of social media and technology, this isn't the cushy, liberal India of mainstream culture. It's a lawless, ruthless, endless minefield where uncertainty and bigotry go hand in hand and patriarchy is a foregone conclusion, observes Sukanya Verma.
You will need a sharper eye for stock picking and a greater appetite for risk than most retail investors possess, recommends T N Ninan.
Unvaccinated tennis star Novak Djokovic won the right to take his fight against deportation from Australia to a Federal Court on Saturday after the government cancelled his visa for the second time over COVID-19 entry regulations.
The Australian government cancelled Novak Djokovic's visa for a second time on Friday, saying the World No 1, unvaccinated for COVID-19, may pose a risk to the community.
The OTT treasure is brimming again with tons of treats in various genres and languages. Sukanya Verma suggests what you can catch this week.
'As I set course for the Helicopter Training School this morning,' notes IAF Helicopter Veteran Air Commodore Nitin Sathe, 'I bow my head in respect for the institution which made me the man I am.' 'I also salute the Chetak which taught me much more than flying.' 'Both these institutions, in their own right, justify the crest and motto of the School: Achievement through Knowledge.'
A weekly roundup of the best and worst styles from the celebrity circuit.
IMAGES from the football matches played across Europe on Sunday.
Marseille cement second place with Montpellier win
The Punjab and Haryana high court has said a live-in relationship is morally and socially unacceptable while dismissing a petition filed by a runaway couple seeking protection.
A round-up of Tuesday's action in the UEFA Champions League.
Ravi Shastri said that UAE in 2014 had shown that it is well capable of handling a tournament of this magnitude.
In view of the "runaway success" of the scheme, now it has been decided to make it open-ended with more incentives
In spite of his trying hard he is unable to connect not only with ordinary voters but with most party colleagues as well, observes Virendra Kapoor.
Lionel Messi became Barca's record appearance maker in the competition with 76 Copa matches.
The court also observed that honour killings were prevalent in northern parts of India, particularly in parts of Punjab, Haryana, Rajasthan and Uttar Pradesh, and said it is for the state to ensure protection of such couples.
'Avoid going overweight on gold. But maintain a 10 per cent allocation via sovereign gold bonds,' Bajaj Capital MD Sanjiv Bajaj tells Sarbajeet K Sen.
Joginder Tuteja looks back at Bollywood's wedding movies to see how well they have done in the past.
Liverpool will resume their quest for a first top-flight title in 30 years against Everton on June 21 but the venue for the behind-closed-doors fixture was not confirmed when the league released its revised fixtures for the season's restart.
Manchester City took a major step towards retaining their Premier League title with a 1-0 win over second-placed Chelsea on Saturday, opening up a 13-point lead at the top of the table for Pep Guardiola's side.
Real Madrid dug deep in a 3-0 home win against lowly Alaves in the La Liga, but Ligue 1 leaders Paris St Germain their second Ligue 1 loss of the season.
'India has many attractive features for the long-term investor; it combines: A low per capita income, a young population, and a heavier presence of high margin, asset-light firms in the technology sector.'
Inter Milan got a crucial 1-0 win at Juventus on Sunday
Phil Foden and Riyad Mahrez scored two goals apiece as the hosts showed their impressive strength
Presenting the second batch of some lesser known aspects of the late star's life.
Images from action in the Europa League matches on Thursday.
Chelsea's 0-0 home draw with second-placed United ensured Thomas Tuchel is still undefeated in nine games since replacing Frank Lampard, but it meant they failed to dislodge fourth-placed West Ham United who became Manchester City's 20th successive victims in all competitions on Saturday.
The pressure on Delhi mellowed Lucknow's ruling dispensation's initial enthusiasm to try and draw electoral mileage from the developments in Afghanistan.
