Inflows into foreign currency non-resident (bank), or FCNR (B), deposits have significantly underperformed market expectations, leading to a more than 1 per cent depreciation of the rupee against the dollar this week. Analysts point to fading RBI support measures, tepid interest due to rising global bond yields, and narrowing interest rate spreads compared to 2013 as key challenges.
The move follows reports from several state drug-regulatory authorities indicating misuse and hoarding oral formulations with high ethyl-alcohol concentration, which people use as a substitute for liquor.
The Delhi government has approved an ambitious electric vehicle policy that eliminates registration fees and road taxes for EVs priced up to Rs 30 lakh, offers a Rs 1 lakh incentive for purchasing new EVs while scrapping old vehicles, and mandates that only electric two-wheelers can be registered starting April 2028.
One 97 Communications Ltd, operating Paytm, is set to issue its first bonus shares, following a landmark year of achieving its maiden full-year profit and gaining significant market share. The board will meet on July 20 to decide on the bonus issue, reflecting confidence in its financial strength and aiming to improve stock accessibility for retail investors.
The Calcutta High Court has appointed a retired judge as a special officer to manage the day-to-day expenses of the Mamata Banerjee-aligned Trinamool Congress (TMC) from three debit-frozen bank accounts. The accounts were frozen following a complaint by a rival TMC faction alleging they held proceeds of crime. The court allowed transactions for party expenses and legal costs, noting that the initial freezing lacked specific material basis and that the complainant had previously benefited from these accounts.
India has lodged a 'strong protest' with Iran over recent strikes on commercial vessels in the Strait of Hormuz, which resulted in the death of one Indian sailor and injuries to several others, calling for an immediate cessation of hostilities and a return to diplomatic engagement.
India's compound archers, under new coach Dave Cousins, have shown a significant turnaround at the Archery World Cup Stage 4 in Madrid. The women's team has advanced to the gold medal match, while the men's team narrowly missed out on a bronze. This performance marks a strong return to form after a challenging season.
A BEST bus in Mumbai's Andheri area rammed into 14 vehicles, injuring six to eight people. This marks the second major accident involving a wet lease BEST bus this week, raising concerns about operational safety.
A Delhi Police constable allegedly shot his 30-year-old wife dead on her birthday in east Delhi's Vinod Nagar. The victim's family claims she was subjected to dowry harassment, and the accused has been absconding since the incident. Police are investigating the marital relationship and past complaints.
Indian benchmark indices Sensex and Nifty closed largely flat on Monday, recovering from early losses, as escalating tensions in West Asia and a sharp rally in crude oil prices weighed on investor sentiment, despite resilience in IT and consumer durables stocks.
Commodity trading on MCX is quite different from trading equities on the NSE or BSE. During the June-July period, the commodity market players in India will encounter several commodity contract expiries.
A 43-year-old pedestrian was injured and four vehicles were damaged when a reversing BEST electric bus went out of control in Mumbai's Bhandup area. The victim sustained minor leg injuries and was hospitalised. This incident follows a similar fatal accident involving a BEST electric bus last month.
Rashmika Mandanna celebrates her birthday, and makes some lovely clicks.
'I couldn't do anything, and he kept going.'
India too can rise to the top if the 1.4 billion Indians back home are given better opportunities to use their innate talent and capacity to work hard, with right incentives in a more meritocratic rules-based system, asserts Ajay Chhibber.
Buzz Lightyear's 'to infinity and beyond' in Toy Story was meant as an impossible boast. Voyager, however, has given it unexpected meaning -- not because it will ever reach infinity, but because for it the beyond is already in progress
A committee investigating the fatal Chembur tree crash has recommended fines of Rs 5 lakh on the roadwork contractor and Rs 2 lakh on the supervising consultant. The panel found no prima facie fault with BMC's garden and roads departments but suggested implementing a Standard Operating Procedure for urban tree safety and appointing tree experts to oversee pruning work to prevent future incidents.
Ukraine's Marta Kostyuk and Czech teenager Linda Noskova powered into their first Wimbledon semifinals on Wednesday, with both players producing dominant straight-set victories in sweltering conditions at the All England Club.
The Congress party is set to challenge the Modi government on a range of critical issues, including alleged theft of Ram temple donations, 'systemic corrosion' of the education system, and constitutional amendment bills related to delimitation and dismissal of ministers, during the upcoming Monsoon Session of Parliament.
Indian benchmark indices Sensex and Nifty extended their winning streak to a fourth consecutive day, driven by strong buying in blue-chip bank stocks and a decline in global crude oil prices. Fresh foreign fund inflows also contributed to the optimistic sentiment in the domestic equity market.
The Supreme Court has agreed to examine Sebi's challenge to a Securities Appellate Tribunal (SAT) decision that cleared Wadia Group Chairman Nusli Wadia, Bombay Dyeing, and others of allegations of fraudulent financial reporting.
'For a community of people that love cinema as much as you guys do here, this will be one of those moments you'll be comparing every cinema experience you have after this one to The Odyssey.'
The Calcutta High Court has directed the Mamata Banerjee-led Trinamool Congress to hold its July 21 Martyrs' Day rally near the Birla Planetarium instead of its traditional venue in front of Victoria House, citing concerns over traffic flow and law and order.
It's a rainy July, and the best way to enjoy it is to curl up on your couch and watch the telly.
Non-banking financial companies (NBFCs) in India saw their overall credit growth accelerate to 14.2 per cent year-on-year in May, primarily driven by significant increases in loans against gold jewellery and commercial real estate, according to recent Reserve Bank of India (RBI) data.
Former Chief Election Commissioner S Y Quraishi stated, "We thought we'll go to the fountainhead of this hate discourse. This whole hate narrative according to us was being spread by the RSS," explaining the delegation's decision to meet RSS chief Mohan Bhagwat in 2022.
One of the most important provisions this year is that qualifying NEET-PG does not automatically guarantee participation in counselling.
Andhra Pradesh Chief Minister N Chandrababu Naidu has announced incentives for families to encourage larger families and reverse the state's declining population trend.
'I could place her in any song situation, sad, happy, bhajan, cabaret, fun song... she took just a few minutes to catch the tune.'
India's wholesale price inflation (WPI) increased to 9.87 per cent in June, up from 9.68 per cent in May, primarily due to significant price increases in non-food and food products, with food inflation alone rising to 5.49 per cent.
India is set to face England in the second ODI, aiming for a series victory, but concerns over Shubman Gill's fitness after he walked off injured in the first match, and Rohit Sharma's inconsistent batting form, are prominent. The team will also consider potential changes to the playing eleven.
India concluded the third day of the inaugural Asian U23 Athletics Championships with a total of 11 medals, adding three more on Saturday. Distance runner Shivaji Parashuram secured his second silver medal in the men's 10,000m, while Priya won bronze in discus throw and Shravani Sangle claimed bronze in the 400m hurdles.
Indian wedding bookings to Sri Lanka are projected to grow 20-25 per cent annually over the next few years.
Former US President Donald Trump reiterated his claim of mediating the India-Pakistan conflict, stating that 11 jets were shot down during the May 2023 hostilities. He also suggested the conflict could have escalated to a nuclear level and claimed credit for averting a major catastrophe, a claim consistently denied by India which maintains no third-party intervention occurred.
A boat carrying Indian tourists capsized off an island in south Vietnam, killing 15 people. An eyewitness described the incident, stating the boat overturned shortly after leaving the shore, and rescue efforts were launched, though medical teams were reportedly not immediately available.
The body of Vikram Rana, the last person missing after the July 7 landslide at the Anakkampoyil-Meppadi tunnel project site in Kalladi, Wayanad, Kerala, has been recovered. This brings the death toll to eight. A massive search operation involving multiple agencies led to the discovery of the construction manager's body, concluding the search efforts.
Teenage Indian archer Prithika Pradeep secured her first individual World Cup bronze medal in Madrid, overcoming world No. 11 Hazal Burun of Turkey.
'Our leaders, including Mallikarjun Kharge and Rahul Gandhi, are in touch with all Opposition parties, including the DMK and the AAP.'
The Badminton World Federation (BWF) has announced its World Tour Calendar for 2027 and 2028, featuring a 35-tournament global circuit. The India Open Super 750 will see its dates shifted to February 2027 and January 2028, while the Syed Modi India International has been downgraded to a Super 100 event. The new calendar also introduces a 3x15 scoring system and extended competition windows to enhance player welfare and global reach.
