The Reserve Bank of India (RBI) has prematurely closed its swap facility for foreign currency non-resident (bank) deposits, FCNR(B), one month ahead of schedule, after banks mobilised $52.3 billion under the scheme by August 13, indicating sufficient foreign currency reserves.
Indian Grandmaster R Praggnanandhaa has moved into a joint lead with American Wesley So at the Sinquefield Cup after a decisive victory over France's Maxime Vachier-Lagrave, securing his spot in the Grand Finale.
India significantly increased its crude oil imports from Russia and the United Arab Emirates in June, securing supplies as the Strait of Hormuz began to reopen, with Russian barrels remaining attractive due to discounts and UAE supplies offsetting earlier uncertainties.
Indian benchmark indices, Sensex and Nifty, experienced significant declines, with the Sensex falling 493 points and the Nifty dropping for the sixth consecutive day, primarily due to elevated crude oil prices reaching USD 91 per barrel and diminishing hopes for a diplomatic resolution in West Asia.
Meghalaya is experiencing escalating tensions marked by arson and petrol bomb attacks on government properties, following violence during a Khasi Students' Union rally. The incidents are linked to an inter-state taxi standoff with Assam, leading to deployment of central forces and calls for peace from chief ministers.
Public-sector banks (PSBs) have reported a substantial increase in non-interest income for Q1FY27, primarily driven by the sale of Priority Sector Lending Certificates (PSLCs) backed by their rapidly expanding gold loan portfolios. This strategy has allowed several lenders to book significant profits by exceeding priority sector lending targets.
New dematerialised (demat) account additions in India reached a six-month high in July, with 2.89 million new accounts opened, driven by a buoyant initial public offering (IPO) market and a broad-based rally in equities.
With passenger vehicles (PVs), two-wheelers and three-wheelers registering double-digit growth, manufacturers raise production as the industry enters the festival season.
India's Treesa Jolly and Gayatri Gopichand staged a remarkable comeback victory in the women's doubles quarter-finals at the BWF World Championships 2026, defeating China's Jia Yifan and Zhang Shuxian to secure a semi-final spot and guarantee India a medal.
NEROCA FC defeated nine-man FC Raengdai 3-1 in the IndianOil Durand Cup, coming from behind with late goals after Raengdai had two players sent off. This win concluded NEROCA's Group D campaign, while Raengdai, despite the loss, had already qualified for the quarterfinals.
After ending a 22-year wait for the Premier League title, Arsenal manager Mikel Arteta faces the formidable task of defending the crown, a feat achieved by only three managers in the league's history.
The combined market valuation of five of India's top-10 most valued firms eroded by Rs 1 lakh crore last week, with IT giant Tata Consultancy Services (TCS) experiencing the largest decline amidst a bearish trend in domestic equities.
Indian listed companies experienced their fastest revenue growth in 15 quarters during Q1FY27, with combined net sales rising 18.4% year-on-year, while net profit grew 16%, primarily driven by mining, metals, and banking sectors, despite a contraction in operating margins due to higher input costs.
The top court was hearing a PIL of public charitable trust 3S and Our Health Society seeking directions to the Centre, states and Union territories to implement mandatory front-of-package warning labels (FOPL) on packaged foods.
State-run Oil and Natural Gas Corporation (ONGC) Ltd reported a 112 per cent year-on-year increase in standalone net profit for Q1 FY27, reaching 17,034 crore, primarily due to higher crude oil prices and increased realisations from new well gas. Despite a consolidated net profit decline due to HPCL's losses, ONGC's core upstream business showed robust growth.
Indian benchmark indices Sensex and Nifty saw declines in early trade, primarily due to elevated crude oil prices stemming from the unresolved geopolitical situation in the Strait of Hormuz. Analysts suggest that while global sentiment improved slightly after a benign US inflation report, the ongoing US-Iran standoff continues to exert pressure on domestic equities. Track Sensex, Nifty on August 13.
India is set to import 1 million tonnes of raw sugar at zero duty after domestic stocks fell sharply and prices surged ahead of the festival season.
India's fresh investment plans in Q1FY27 surged 71 per cent to 14.77 trillion, primarily driven by four large nuclear power projects worth 6.5 trillion, according to investment monitoring firm Projects Today. Excluding these nuclear projects, fresh investment plans actually declined 4.27 per cent quarter-on-quarter.
Private banks in India are aggressively mobilising Foreign Currency Non-Resident (Bank), or FCNR(B), deposits by raising interest rates and using website countdowns, as the Reserve Bank of India's swap window is set to close on August 31, earlier than initially planned.
Is the current rally telegraphing a durable peace plan in West Asia, boosted by United States (US) President Donald Trump's incoherent and contradictory posts on social media?
Indian stock markets extended their gains for a second consecutive session, with the Sensex closing 736 points higher, driven by a global equity rally and a significant drop in crude oil prices following the finalisation of a peace deal between the US and Iran to end their 107-day conflict and reopen the Strait of Hormuz.
India is significantly expanding its crude oil sourcing to Latin America, with Venezuela emerging as a major supplier, as geopolitical disruptions in the Middle East and the Strait of Hormuz compel the world's third-largest oil consumer to diversify its energy supplies.
Skipper Harmanpreet Singh and Abhishek scored a brace each to help India beat arch-rivals Pakistan 5-3 in their final Pool D match of the FIH Men's Hockey World Cup in Amstelveen, the Netherlands, on Wednesday.
Satwiksairaj Rankireddy and Chirag Shetty advanced to the men's doubles quarterfinals at the World Championships, securing a potential third medal. However, India faced a setback with the elimination of two-time Olympic medallist PV Sindhu and Ayush Shetty in their respective singles matches. The women's doubles pair of Treesa Jolly and Gayatri Gopichand also reached the quarterfinals.
Former world No. 1 PV Sindhu bowed out of the BWF Badminton World Championships in New Delhi on Thursday after losing to China's Wang Zhi Yi in the Round of 16.
Indian stock markets ended a five-day losing streak, with the Sensex surging 776 points and the Nifty gaining 228 points, driven by a significant drop in crude oil prices and easing geopolitical tensions in West Asia.
Six companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, are poised to collectively raise nearly Rs 5,600 crore through initial public offerings (IPOs) in the upcoming week, adding to the bustling primary market activity.
India's women's hockey team delivered a dominant performance, defeating South Africa 6-1 in their second Pool D match of the FIH Women's Hockey World Cup. Six different players scored for India, with a prolific third quarter sealing the rout. This emphatic win significantly strengthens India's chances of advancing, placing them atop Pool D on goal difference ahead of their crucial final pool match against England.
Lakshya Sen, a 2021 World Championships bronze medallist, faced a surprising second-round defeat to USA's Garret Tan at the BWF World Championships. Meanwhile, two-time Olympic medallist PV Sindhu and rising star Ayush Shetty successfully advanced to the pre-quarterfinals. Other Indian pairs also saw mixed results, with some progressing and others bowing out.
Commercial vehicle manufacturer Tata Motors Ltd reported an impressive 83 per cent increase in consolidated net profit, reaching Rs 2,556 crore for the first quarter ending June 30, primarily boosted by a significant mark-to-market gain on investments in Tata Capital Ltd.
Indian benchmark equity indices, Sensex and Nifty, experienced declines in early trade due to a surge in Brent crude oil prices, which rose above USD 90 per barrel, coupled with subdued global cues and ongoing US-Iran skirmishes. Track Sensex, Nifty on Auigust 12.
Ridhima Dilawari secured her fourth title on the Hero Women's Pro Golf Tour at Prestige Golfshire, Bengaluru, with a final round of 4-under 68. She finished one shot ahead of Mannat Brar, extending her lead in the Hero Order of Merit.
Devdutt Padikkal on Tuesday asserted that Test cricket remains his "ultimate goal", and subtle technical adjustments to his batting has helped him make an instant impact in the ongoing first Test against Sri Lanka in Galle.
Indian benchmark equity indices Sensex and Nifty surged in early trade, driven by a sharp correction in crude oil prices below USD 100 per barrel and a rally in global markets, fuelled by improving sentiment surrounding US-Iran negotiations.
Elena Rybakina mounted a stunning comeback from a set and a break down to defeat Naomi Osaka in a hard-fought Canadian Open quarter-final, setting up a semi-final clash with Coco Gauff.
Indian Grandmaster R Praggnanandhaa suffered a defeat against Germany's Vincent Keymer in the Sinquefield Cup, part of the Grand Chess Tour, causing him to slip to joint fourth spot. Meanwhile, Wesley So of the United States emerged as the sole leader after a significant victory over Fabiano Caruana.
Indian chess Grandmaster R Praggnanandhaa, who turned 21, has already amassed a remarkable list of achievements, including becoming a Grandmaster at 12, reaching a career-high world ranking of No. 4, and recently winning the Grand Chess Tour St Louis Rapid and Blitz title.
Indian benchmark indices, Sensex and Nifty, opened higher on Friday, primarily driven by a significant surge in Bajaj Finance shares following its strong Q1 FY27 earnings report, coupled with continued foreign fund inflows and a dip in crude oil prices. Track Sensex, Nifty on July 31.
Indian benchmark indices closed marginally higher, with the Sensex gaining over 43 points and the Nifty remaining flat, as a spike in crude oil prices due to geopolitical uncertainties tempered risk appetite.
India's foreign exchange reserves saw a significant increase of $10.512 billion, reaching $692.866 billion for the week ending July 31, driven by a rise in foreign currency assets and gold reserves.
