"With the leverage available, I believe the scheme remains reasonably attractive," said P D Singh, India and South Asia Chief Executive Officer, Standard Chartered Bank, regarding the Foreign Currency Non-Resident (Bank) or FCNR (B) deposits.
Indian benchmark indices Sensex and Nifty closed lower, with the Nifty recording its fourth consecutive day of decline, primarily due to elevated oil prices and ongoing geopolitical tensions between the US and Iran, which dampened investor sentiment.
US Vice-President J D Vance's unexpected phone call to Prime Minister Narendra Modi on August 8 has ignited speculation about a potential diplomatic overture, possibly seeking India's support amidst the escalating US-Iran conflict and a shifting global power landscape, suggests Ambassador M K Bhadrakumar.
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.
Indian stock markets, including the Sensex and Nifty, rebounded significantly, driven by a decline in crude oil prices and positive global cues stemming from hopes of diplomatic progress in US-Iran negotiations.
The recently concluded TATA IPL 2026 season achieved a record viewership of 1.2 billion, marking a seven per cent year-on-year growth. The final, where RCB secured their second consecutive title, became the most-watched IPL match ever, contributing to 870 billion minutes of watch-time and significant digital growth across platforms.
Cricket Scotland and the Royal Dutch Cricket Association (KNCB) have jointly criticised the International Cricket Council's (ICC) significant structural changes to the Men's 50-over World Cup qualification pathway, calling it a 'setback to Associate Member cricket' and expressing disappointment over the lack of consultation.
As NSRCEL enters its next phase, the incubator plans to focus on AI, deep technology and global partnerships as it looks to expand its reach.
Legendary Indian hockey goalkeeper PR Sreejesh expressed strong frustration over India's poor performance at the FIH World Cup, criticising the team's 'underwhelming showing' and demanding accountability. He questioned the 'learning experience' narrative and highlighted issues in both men's and women's team management, urging a focus on winning rather than just playing good hockey.
Ravindra Jadeja is a captain's delight and has delivered with the bat when needed most, destroyed batting line-ups, taken breathtaking catches and pulled off brilliant run-outs. His feats are an inspiration.
Cricket Scotland and the Royal Dutch Cricket Association have strongly criticised the International Cricket Council's decision to implement significant structural changes to the 2027 ODI World Cup qualification pathway and tournament format, stating it 'risk weakening the integrity and credibility of international cricket'.
Underlining that students are the "architects of India's future," President Droupadi Murmu on Friday said the government is taking comprehensive steps to reform public examinations to completely curb paper leaks and unfair means, making the system transparent, secure, and trustworthy.
US President Donald Trump has declared an 'economic D-Day' against Iran, unveiling what he terms the 'most crushing economic operation ever taken' and warning global entities against providing any support to Tehran.
A new report by Motilal Oswal Financial Services Ltd (MOFSL) indicates that inflation, interest rates, and monetary policy have become more significant drivers of gold prices than traditional geopolitical conflicts, with markets increasingly focusing on these economic factors.
Skoda Auto is strategically navigating the competitive Indian automotive market by prioritising profitable growth, exploring new powertrain options like CNG and a limited diesel return, and gearing up for a locally produced electric SUV, all while expanding its retail footprint.
Formula E is entering its Gen4 era with ambitious plans to close the performance gap with Formula One, aiming for near-F1 speeds on several tracks by the end of the next four-season cycle. The all-electric series anticipates Gen4 cars reaching 335 kmph with significant lap time improvements, driven by advanced technology and high efficiency. Despite manufacturer exits, co-founder Alberto Longo asserts continued interest, while CEO Jeff Dodds believes electric racing could eventually surpass F1 in performance, bolstered by new partnerships like Disney+ to boost awareness.
According to former India coach Rahul Dravid, Vaibhav Sooryavanshi's development must balance white-ball success with sustained red-ball exposure, giving the teenager time, patience and experience to eventually become a Test cricketer.
The International Cycling Union (UCI) has praised India's "outstanding success" in its nationwide World Bicycle Day celebrations, which involved approximately 200 cities and towns across 28 States and Union Territories. UCI President David Lappartient commended the Cycling Federation of India (CFI) for its remarkable organisational efforts and also lauded the launch of the Asmita Women's League, a grassroots programme aimed at promoting gender equity in cycling.
Argentina's men's hockey captain, Matias Rey, draws inspiration from football legend Lionel Messi as he leads his team in his sixth World Cup. Rey, like Messi, emphasizes the "never give up" philosophy learned from the national football team's success. The team, including goalkeeper Tomas Santiago, is preparing for a tough match against India, focusing on neutralizing key players like Harmanpreet Singh, while fans show their support by wearing Messi's jersey.
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.
How well is your country's healthcare system staffed? We compare the density of essential healthcare professionals across countries, based on figures from World Population Review.
A new report by FICCI, BCG, and IBA outlines that India's banking sector must grow significantly faster than nominal GDP to support a USD 30 trillion economy by 2047, requiring banking assets of USD 45 trillion. The report highlights the sector's current strength, challenges in digitisation, and the need to enhance resilience against fraud and cyber threats, proposing a 13-point agenda for stakeholders.
India's top paddler Manush Shah believes the Butterfly Ultimate Table Tennis (UTT) campaign has significantly boosted team chemistry and momentum, providing a 'perfect platform' for the upcoming Asian Games.
BMW India CFO Carsten Lammers has expressed surprise at the extensive scale and prolonged duration of tax and Customs litigation in India, advocating for faster dispute resolution and simpler procedures to ensure business stability.
Indian hockey fans, including a significant diaspora presence and supporters from abroad, created a vibrant, festive atmosphere in Amstelveen for the World Cup opener against Wales on Independence Day, driven by increased expectations following recent Olympic successes.
A working paper by the Economic Advisory Council to the Prime Minister (EAC-PM) reveals a continuous decline in the rate at which foreign-owned firms invest in fixed assets in India since the FY20 peak, contrasting with a steady increase from Indian business groups.
Prime Minister Narendra Modi will lead the 12th International Day of Yoga (IDY) celebrations from Kolkata's iconic Red Road on June 21, with over 210 Indian Missions organising events at nearly 2,500 locations worldwide under the theme 'Yoga for Healthy Ageing'.
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.
Russian President Vladimir Putin and Chinese President Xi Jinping have reaffirmed their commitment to dismantling global hegemonism and building a 'multipolar world' during high-level talks in Beijing.
Argentine football legend Lionel Messi has reportedly suspended his professional career indefinitely following the death of his father, Jorge Messi, at 68 after a prolonged illness.
Haryana Chief Minister Nayab Singh Saini met with a World Bank delegation to discuss advancing Artificial Intelligence, digital governance, and skill development in the state. The discussions focused on leveraging technology to enhance citizen services, with plans to showcase Haryana's AI Sandbox globally and develop a dedicated AI model for the state.
Sanjeev Kapoor, known for popularising Indian cuisine globally, has revealed that he will only allow his friend and acclaimed filmmaker Hansal Mehta to direct his much-anticipated biopic.
Mahindra Racing CEO Frederic Bertrand has stated that while Indian reserve driver Kush Maini has the potential to become a Formula E driver, the team will not compromise its competitive ambitions for nationality.
'Dolly Parton managed to give the world the ultimate mystery and fantasy in some corners of her life, but to give full transparency in the ways that counted. Somehow she was true grace and true grit, all in one dazzling person.'
Sun Pharmaceutical Industries reported a 27 per cent year-on-year increase in consolidated net profit to 2,894.7 crore for Q1FY27, with revenue growing 10 per cent to 15,299.8 crore, driven by strong performance in India and innovative medicines.
Trade negotiations between the United States and Canada have collapsed, leading to the US imposing 50% tariffs on nearly $28 billion worth of Canadian imports, with Canada immediately vowing to retaliate dollar-for-dollar.
Former world No. 1 shuttler Saina Nehwal has stated that India's true measure as a 'sporting nation' will be its position in the global medals tally, not just hosting major tournaments. She highlighted the significant progress made by women in sports but emphasised the need for better financial backing, sponsorships, and comprehensive support systems including psychologists and proper coaching from an early age to nurture more champions.
Indian benchmark indices Sensex and Nifty rallied in early trade, driven by a positive trend in global markets, cooling crude oil prices following a US-Iran peace deal, and fresh foreign fund inflows.
India's Women's Hockey team, buoyed by a draw against China, is set to face South Africa in their second World Cup match. A win is crucial for their qualification hopes for the second round. Coach Sjoerd Marijne acknowledges areas for improvement, particularly in ball possession, despite strong performances from key players like Deepika and Navneet Kaur.
Crypto can rise or fall for many reasons. Here's a simple guide to what gives digital assets value and drives their prices.
