Indian banks and non-banking financial companies (NBFCs) are undertaking a comprehensive review and reset of their engagement terms with fintech firms, driven by the Reserve Bank of India's (RBI) draft Guidance on Regulatory Expectations for Data Governance and the stringent compliance requirements of the Digital Personal Data Protection (DPDP) Act, 2023, and its 2025 Rules.
Arun Vasu, president of the Surfing Federation of India, has been elected as the new head of the Asian Surfing Federation (ASF) after a supervised voting process. He succeeds Atsushi Sakai of Japan and aims to build on the legacy while promoting surfing and SUP across Asia.
'...as we believe with the adoption of AI, our IT services companies' revenue models will have to undergo a reset, which may in turn impact their potential for earnings growth.'
India's trade deficit reached a six-month high of $31.98 billion in July, driven by a sharp increase in imports, particularly crude oil, electronic goods, coal, and fertilisers. Both merchandise exports and imports recorded their second-highest levels during the same period.
India beat Pakistan 5-3 in thrilling semi-final to enter U18 Men''s Asia Cup final
Ayush Shetty's impressive run at the World Championships ended in the pre-quarterfinals against Alwi Farhan, concluding India's men's singles challenge. Meanwhile, the women's doubles pair of Treesa Jolly and Gayatri Gopichand advanced to the quarterfinals with a dominant win, continuing their strong comeback after Treesa's injury.
India's electric two-wheeler market has seen record penetration, exceeding 11.2 per cent, driven by crude oil price fluctuations. This surge has led to an unexpected crisis for Indian OEMs, with unfulfilled customer demand reaching 20-30 per cent and average waiting periods exceeding four weeks, a situation expected to intensify during the upcoming festival season.
US Vice President JD Vance and Prime Minister Narendra Modi held a phone call to discuss expanding the India-US comprehensive global strategic partnership, focusing on trade, defence, energy security, emerging technologies, and critical minerals. The discussion comes amidst rising tensions in West Asia and recent regional realignments, with both leaders reaffirming their commitment to strengthening cooperation.
Pakistan summoned US Charge d'Affaires Natalie Baker to lodge a "strong demarche" following remarks by US Ambassador to India Sergio Gor, who stated that Jammu and Kashmir is an important part of India. Pakistan's Foreign Office condemned Gor's characterisation, asserting that Jammu and Kashmir is an internationally recognised disputed territory and that the US ambassador's statement contradicted the US's long-standing position and commitment to international law.
Ace Indian weightlifter Mirabai Chanu is gearing up for an 'Olympic-level' competition at the Asian Games in Aichi-Nagoya, where she expects to face the strongest lifters from China, North Korea, and Thailand, making it her toughest challenge yet.
Iranian Deputy Foreign Minister Kazem Gharibabadi has urged India to take the lead in bringing peace to West Asia, highlighting the UAE's role in stalling BRICS consensus on the conflict. Gharibabadi also discussed a new framework with Oman for merchant vessels passing through the Strait of Hormuz.
Denmark's football association (DBU) has declared it has lost confidence in FIFA President Gianni Infantino and will seek a credible alternative for the 2027 election, citing a 'fundamental crisis of confidence' over his aborted proposal to sell commercial stakes in FIFA tournaments.
Generative artificial intelligence (AI) is beginning to alter hiring patterns in South Asia, with multinational companies (MNCs) and firms integrated into global value chains (GVCs) reducing recruitment more sharply than domestic firms, signalling the technology's early impact on the region's export-oriented services sector, according to the World Bank's World Development Report 2026.
A new UN Security Council report has 'officially attributed' the November 2025 Red Fort terror attack in New Delhi, which killed about 15 people, to Al-Qaeda in the Indian Subcontinent (AQIS). The report highlights AQIS's evolution into a regional terrorist entity and its efforts to establish networks.
Larsen & Toubro (L&T) reported a 14 per cent year-on-year increase in Q1 FY27 profit attributable to owners, reaching Rs 3,926 crore, surpassing analyst estimates, despite facing significant supply-chain disruptions in West Asia.
China sailed through the crisis in the Strait of Hormuz relatively unscathed even as the impact of its steps shielded other consuming nations from having to pay high crude oil prices.
Boleng in Arunachal Pradesh's Siang district will host the Asian Rafting Championships 2026 in October, boosting the state's adventure sports and tourism profile. Chief Minister Pema Khandu and Minister Ojing Tasing are reviewing preparations for the event, which will showcase the state's rivers and landscapes to an international audience.
'The trigger for the flood was definitely natural, but the damage that it caused was human-made.'
Indian benchmark indices Sensex and Nifty experienced a significant slump in early trade, mirroring weak global trends, as escalating tensions in West Asia, particularly a drone attack on the UAE's Barakah nuclear facility, pushed crude oil prices higher. Track Sensex, Nifty50 movement and key market drivers for May 18, 2026.
New Delhi must look for formal, institutional statements issued directly from Washington rather than rely on casual pronouncements meant for local audiences, notes Ambassador Rajasekhar.
'Healthy double-digit returns are still possible, though a sharp rally is unlikely.'
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.
Indian shuttler Ayush Shetty caused a major upset on the opening day of the BWF World Championships by defeating world No. 1 Shi Yu Qi of China. Two-time Olympic medallist PV Sindhu also comfortably advanced to the second round in women's singles, while other Indian doubles pairs, Treesa Jolly-Gayatri Gopichand and Hariharan Amsakarunan-MR Arjun, secured their spots in the next round.
The Sports Ministry has approved a 492-member Indian contingent, comprising 265 male and 227 female athletes, for the upcoming Asian Games in Aichi-Nagoya, Japan. Athletics forms the largest group with 73 participants, including star athletes like Neeraj Chopra and Jyothi Yarraji. Other prominent sports like shooting, weightlifting, badminton, boxing, and wrestling also feature strong teams, with some adjustments made due to doping violations.
India's top women's singles players, including Sahaja Yamalapalli, Vaishnavi Adkar, and Vaidehee Chaudhari, have been excluded from the Asian Games tennis squad after the Sports Ministry pruned the list, leaving the national challenge without its leading singles contenders.
Former India spinner Harbhajan Singh has expressed his bewilderment at the continuous criticism directed towards Gautam Gambhir since he assumed the role of national head coach, acknowledging that Gambhir's direct approach might not appeal to everyone.
A deleted video posted by actor Vikram, showing him cuddling a Lar Gibbon, has brought to light the illegal possession and transfer of these endangered primates in Tamil Nadu, prompting a forest department investigation.
'This government is in the very bad habit of doing so again and again. It has done so many times.'
The Indian men's hockey team, led by Harmanpreet Singh, is determined to end a 51-year World Cup drought, beginning their campaign against Wales with genuine optimism following recent Olympic bronze medals and an Asia Cup title.
'Travellers are considering safer and more stable destinations.'
Even if there is an early agreement on a cessation of hostilities in West Asia, the price shock will not go away easily, points out A K Bhattacharya.
FIFA President Gianni Infantino is campaigning for re-election by positioning himself as the advocate for less wealthy football nations, while UEFA President Aleksander Ceferin has ruled out running against him but anticipates an opposition candidate.
Voltas has announced a joint venture with Atomberg Innovation to manufacture high-efficiency room air conditioner (RAC) compressors, aiming to strengthen localisation and supply-chain resilience. Despite significant volume growth in RACs, the company's margins remain a key concern for analysts.
Indian cement manufacturers, despite a stable Q4FY26, are bracing for significant profitability pressures from Q1FY27 onwards due to escalating input costs, primarily driven by the West Asia conflict's impact on coal and petcoke prices.
Indian middle and long-distance runner Ankita Dhyani achieved a personal best time of 4:06.75s in the women's 1500m race at the Stumptown Twilight event in Portland, USA, finishing second. This performance is the fastest by an Indian this season and the fourth fastest ever, highlighting her consistent improvement and strong form.
Mumbai-based TCR Engineering Services has become the first independent company in India to receive Nadcap accreditation for materials testing at its Navi Mumbai and Vadodara laboratories, a crucial step for Indian suppliers to enter the global aerospace supply chain.
The Indian men's hockey team's failure to reach the semi-finals of the World Cup has highlighted significant issues, including a lack of intent in player transition and questionable selection decisions, according to former players and experts.
The Indian U18 ice hockey team, led by Gurtej Singh Bhatti, will participate in the U18 Asia Cup in Bishkek, Kyrgyzstan, from April 27 to May 3, according to the national federation.
The Indian U18 ice hockey team, led by Gurtej Singh Bhatti, is set to participate in the U18 Asia Cup in Bishkek, Kyrgyzstan, from April 27 to May 3, according to the national federation.
Ayush Shetty stunned world No. 1 and defending champion Shi Yuqi in a thrilling opening-round clash at the Badminton World Championships in New Delhi on Monday.
