Gold and silver prices are expected to continue their upward trend next week, driven by anticipation of key US inflation data and Federal Reserve signals, though profit-booking may occur at higher levels.
FC Goa has been drawn into a challenging group for the AFC Challenge League 2026-27, Asia's third-tier men's club competition. They will face Qadsia SC of Kuwait, Fortis FC of Bangladesh, and FC Regar-TadAZ of Tajikistan in Group C, with matches hosted in Kuwait. This follows their recent exit from the AFC Champions League 2 preliminary stage.
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.
India's foreign exchange reserves surged by USD 11.475 billion to a new record high of USD 740.803 billion for the week ended August 28, driven by the RBI's concessional forex swap initiatives.
Crude oil prices reached a new record high in futures trade, both domestically and internationally, as escalating military tensions between the US and Iran in West Asia continue to fuel market volatility. Diplomatic efforts concerning the Strait of Hormuz are being closely watched for potential price stabilisation.
Google aims to complete the first phase of its 1 gigawatt artificial intelligence (AI) data centre hub in Visakhapatnam by late 2028, with full operations across all phases expected within five years, according to Alexander Smith, Principal of Global Infrastructure and Energy for Asia Pacific at Google.
Moody's Ratings has highlighted that Indian banks are among the most exposed in the Asia-Pacific region to the West Asia crisis, primarily due to India's high dependence on energy imports, which could lead to increased inflation, higher interest rates, and strained borrower cash flows.
Prime Minister Narendra Modi and Russian President Vladimir Putin held extensive discussions to strengthen bilateral trade, defence, and energy cooperation, while also addressing the ongoing Ukraine conflict and exploring avenues for peace and resolution, with Modi reiterating India's call for dialogue and diplomacy.
Smriti Mandhana's record 124 powered India to a 137-run win over Hong Kong, while Deepti Sharma and fellow bowlers completed the rout and exposed little resistance from opponents.
Chinese President Xi Jinping's upcoming visit to India for the BRICS summit is a pivotal diplomatic event poised to significantly impact bilateral ties and global cooperation amidst ongoing international instability.
Indian esports athletes are rigorously training for the Asian Games in Nagoya, aiming for medals and challenging the traditional perception of gaming as merely a leisure activity. With professional support and coaching, players are balancing academics and intense practice, hoping to elevate esports to mainstream sporting status in India.
Indian batter Jemimah Rodrigues has been ruled out of The Hundred tournament due to a hamstring injury. This injury puts her participation in the upcoming Women's T20 Asia Cup in doubt, as she has less than three weeks to recover.
Scottish striker Lee Harry Erwin has signed a one-year contract with Indian football club Mohun Bagan, bringing his experience from European and Asian clubs to bolster the team's attacking options.
Dabur India reported a steady performance in Q1 FY27 with 10.6 per cent year-on-year revenue growth, a 12-quarter high, driven by broad-based gains across India and international businesses. However, volume growth, particularly in beverages due to unseasonal rains, and concerns over monsoon impact on rural demand remain key challenges.
Sweety Kujur has been named captain of the 18-member Indian women's U-18 squad for the Asia Cup hockey tournament in Kakamigahara, Japan, from May 29-June 6.
Japan Cricket Association CEO Naoki Alex Miyaji has addressed concerns raised by leading cricketing nations regarding accommodation and facilities for the upcoming Asian Games. Miyaji clarified that hotel stays are offered, teams can make their own arrangements, and temporary yet comfortable facilities have been prepared for players, including washrooms and dressing rooms, despite tight timelines and resource limitations.
Forty-nine-year-old Meloni has been Italy's prime minister since October 22, 2022.
India is hosting the 18th BRICS Summit in New Delhi, bringing together numerous world leaders including presidents from China, Russia, South Africa, Iran, and Egypt, along with prime ministers and foreign ministers from other nations. The summit will feature bilateral talks and highlights the expanded BRICS grouping's growing global influence and India's significant role as a founding member and current chair.
'The Chinese military cannot advance much in Ladakh, even if they want to.' 'Similarly, in Arunachal Pradesh, they can rename a village or two, intrude here or there, but cannot do much more realistically.'
The Ministry of External Affairs stated that India's participation in the 2027 SAF Games in Pakistan will be guided by the sports ministry's policy, which permits Indian athletes to compete in events with Pakistani participants and vice-versa. Separately, the MEA also commented on the ongoing legal proceedings for seven foreign nationals, including a US citizen and six Ukrainians, who were recently chargesheeted by the NIA for illegal entry and movement, though not under UAPA at this stage.
"When Royal Enfield turned 100, we were struggling for survival"
India has clarified its policy regarding participation in the 2027 South Asian Federation (SAF) Games in Pakistan, stating decisions will align with national sports policies and international governing bodies. While bilateral sporting engagements with Pakistan remain suspended, Indian athletes are permitted to compete in multilateral events. The government also aims to simplify visa processes to position India as a global sports hosting destination.
Former Chief Economic Adviser Krishnamurthy V Subramanian outlines India's strategy to become a USD 55 trillion economy by 2047. The plan hinges on leveraging its young demographic in AI, dominating sunrise sectors like space and defence tech, attracting FDI, and achieving sustained 8% GDP growth.
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.
The challenge for India lies in navigating complex landscape to its best advantage. The BRICS Summit will test its navigation skills, asserts former foreign secretary Shyam Saran.
Prime Minister Narendra Modi cautioned against the 'weaponisation' of technology and critical minerals at the BRICS summit, advocating for cooperation to foster shared prosperity. Concurrently, Chinese President Xi Jinping announced plans for an open-source AI ecosystem for BRICS nations, positioning Beijing as a key technology partner amid global AI competition.
Japan's cricket captain Kendel Kadowaki-Fleming and all-rounder Charlie Hara-Hinze believe the upcoming historic T20 match against India on September 22 can serve as a crucial springboard for the sustained growth of cricket in Japan, a country traditionally dominated by baseball.
'One important clarification is that the reported US action is not a blanket cancellation of all US tourist visas.'
'India was the emirate's largest international source market by hotel guest volume.'
Arundhati Bhattacharya, Salesforce President and CEO for South Asia, stated that cloud and AI are democratising capabilities, offering India a unique opportunity to leapfrog in technology. Speaking at the IMC Chamber of Commerce, she emphasised that AI will create more jobs and urged Indian businesses to transform using technology, rather than merely digitising. She also highlighted the significant economic potential of AI adoption for India.
Pakistan is set to host the 14th South Asian Games in April next year across Islamabad, Lahore, and Peshawar, after a six-year delay. While the South Asia Olympic Council has approved the dates and venues, India's participation remains uncertain due to political tensions, despite its representative attending the planning meeting.
The Reserve Bank of India (RBI) net bought $561 million in June, marking its first net purchase since February, following three consecutive months of net sales. This move coincided with a series of government and RBI measures to attract foreign capital, leading to a 0.36 per cent appreciation of the rupee against the dollar.
Nepal has launched a diplomatic initiative to secure climate-related compensation from major greenhouse gas emitters, asserting that post-disaster assistance for recent deadly flash floods should be viewed as a moral and legal liability, not charity. Foreign Minister Shisir Khanal highlighted Nepal's disproportionate suffering from global warming despite negligible emissions, citing rapid glacier melt and extreme mountain disasters. The country has formally approached the Loss and Damage Fund board for urgent financial aid following a catastrophic flash flood in the Bhotekoshi river basin.
Lieutenant General Apti Alaudinov, deputy chief of the Russian Armed Forces' Main Military-Political Department, has warned that the escalating conflict in West Asia could lead to Israel ceasing to exist as a state, accusing Israel of seeking to widen the confrontation to involve the US and NATO.
Fuel prices have risen by about Rs 7.5 per litre since May 15, as global crude oil prices surged due to the ongoing conflict in West Asia and supply concerns around the Strait of Hormuz.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, driven by a surge in Brent crude oil prices above USD 91 per barrel due to escalating tensions between Iran and the US, alongside an increase in US 10-year bond yields. Track Sensex, Nifty on August 18.
Pakistan's army chief held a series of engagements with Iranian leaders in Tehran as regional diplomacy remained in focus.
The question for the next 20 years is not whether India can become a $5 trillion or $10 trillion economy. Those are attractive targets, but the real question is whether India can create enough productive jobs, educate its children properly, make its cities liveable, and give hundreds of millions of people a substantially better life, asserts Ramesh Menon.
Indian wrestling coach Virender Dahiya and wrestler Antim Panghal have expressed strong confidence in the national team's preparation and potential for the upcoming Asian Games 2026 in Aichi-Nagoya, Japan. Dahiya believes the team will significantly improve on its previous medal tally, while Panghal highlights the strong team cohesion and gold medal aspirations. The squad features a mix of experienced and young talent, aiming to overcome strong regional competitors.
