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.
'Being the defending champions certainly gives us confidence, but every Olympiad is a new event and starts from scratch.'
Urban Indian millennials are caught in an algorithmically amplified consumption spiral where social media normalises spending patterns that systematically undermine retirement security.
Former India women's hockey team captain Asunta Lakra has challenged the ethics proceedings initiated against her by Hockey India, citing procedural irregularities and questioning the Ethics Committee's jurisdiction. Lakra denied all allegations as 'false, baseless, malicious, motivated and defamatory' and is seeking full disclosure of documents before providing a detailed reply.
'It's a no-brainer that in the next Test in New Zealand, your first choice has to be Devdutt.'
Tamil Nadu Chief Minister C Joseph Vijay and actor-racer Ajith Kumar, known as 'Thalapathy' and 'Thala' respectively, shared a warm, lingering hug at the iconic Silverstone circuit in the UK.
Foreign portfolio investors (FPIs) have injected Rs 30,919 crore into Indian equities in August, marking their second consecutive month of net buying. This follows a Rs 20,200 crore investment in July, indicating a potential reversal after four months of significant outflows, driven by improving corporate earnings, resilient economic activity, and a stable rupee.
The Chhattisgarh High Court has nullified a divorce order issued by a private Sharia body, stating that religious institutions cannot assume the authority of a court or use religious belief to determine an individual's legal rights. The ruling reinforces the supremacy of the constitutional framework and the rule of law over extra-judicial forums.
The US Department of Homeland Security (DHS) has proposed a new rule to eliminate the 60-day grace period for H-1B visa holders and other nonimmigrants after job loss, a move expected to significantly impact Indian technology workers.
Back when India moved slowly, every window seat came with a view, and every rail journey came with excess baggage - food, fears, family drama, points out Ajanta Krishnamurthy.
Despite decades of efforts towards energy transition, oil will remain the critical energy source for all nations for some decades. We can hope for peace opening the Strait of Hormuz, but must prepare for war closing it, points out former foreign secretary Ranjan Mathai.
Shabnam Sinha is set to take over as the Chairperson of Airtel Payments Bank for a three-year term starting October 1, 2026, succeeding Sunil Mittal, who concludes his tenure as non-executive Chairman.
Prime Minister Narendra Modi has appealed to opposition parties to support the delimitation-linked Women's Reservation Bill, highlighting its 40-year struggle. The bill aims to provide 33 per cent reservation for women in legislatures and increase Lok Sabha seats, requiring a two-thirds majority for passage. Despite previous setbacks and ongoing efforts to secure numbers, the government continues to push for this crucial legislation.
Non-banking financial companies (NBFCs) experienced a significant 68.5 per cent year-on-year growth in gold-backed credit in July 2026, while banks saw their gold loan growth moderate to 88.1 per cent from 136.4 per cent a year prior, according to RBI data.
The Congress Working Committee (CWC) is set to meet to discuss the political situation in India, focusing on strategies to pressure the government regarding student issues, alleged embezzlement at the Ram temple, and upcoming Assembly elections. The meeting will also address the women's reservation bill.
Bank credit to industry in India surged by 20 per cent year-on-year in July, significantly accelerating from the previous year, driven by strong expansion in sectors like engineering, gems and jewellery, and petroleum-related industries, according to the Reserve Bank of India (RBI). However, growth in gold loans, while still expanding, saw a sharp moderation.
For five Mumbaikars who were teenagers or in their 20s during the 1980s, the decade was not a sepia-toned Instagram filter. It was their everyday life, they tell Rediff's Rishika Shah. And while they remember its limitations, what they seem to miss most is something technology can't recreate -- the unhurried warmth of human connection.
'Listing leads to greater transparency and shareholder oversight.'
Jammu and Kashmir Chief Minister Omar Abdullah has renewed his call for the restoration of special status and statehood to the region, asserting that the decision to accede to India 80 years ago was correct. He highlighted the importance of upholding India's federal structure and suggested that if Article 370 hadn't been revoked, PoK residents might be seeking reunification. Abdullah also criticised centralised governance models, arguing they erode state autonomy.
Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade after a three-day slide, driven by strong buying in blue-chip bank stocks and a firm trend in global markets, supported by easing US bond yields and record foreign-currency deposit inflows.
Indian companies, including NBFCs, filed proposals with the RBI to raise $6.08 billion through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in June, marking a significant increase from the previous month.
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.
Potential external candidates include Anup Bagchi, Rajiv Sabharwal and CSB Bank's Pralay Mondal.
The Supreme Court has affirmed its decision not to alter the five-member high-powered committee, led by former Justice R Subhash Reddy, which is investigating allegations of police excesses against student protesters and violence against police personnel in Delhi. The court dismissed concerns about potential bias, stating the committee acts as its "extended hand" and will function under its supervision. It also noted the suspension of an executive magistrate who issued a show-cause notice to a student involved in protests.
Reserve Bank Deputy Governor S C Murmu has highlighted the "cash paradox" where currency in circulation continues to grow despite a significant increase in digital payments. This trend complicates the RBI's forecasting and planning for currency production and distribution, prompting the central bank to seek solutions and explore ways to extend banknote life and reduce the carbon footprint of the cash cycle.
Sashidhar Jagdishan, the managing director and CEO of HDFC Bank, has announced his decision not to seek reappointment and will retire at the end of his current term on October 26, concluding a six-year tenure marked by significant regulatory and governance challenges, including RBI restrictions, a major merger, and scrutiny over alleged illegal payments.
The Securities Appellate Tribunal (SAT) has dismissed Ketan Parekh's appeal challenging Sebi's denial of his request to cross-examine two traders from Capital Group, related to an alleged front-running scheme.
Inflows into non-resident Indian (NRI) deposit schemes decreased by 23.24 per cent to $2.78 billion during the first quarter of FY27, down from $3.61 billion in the previous year, according to Reserve Bank of India (RBI) data.
NPCI International and Uzbekistan's NIPC have partnered to enable UPI payments across Uzbekistan, allowing Indian tourists, business travellers, and students to make instant merchant payments using the UZQR code. This agreement, approved by RBI and CBU, integrates UPI with Uzbekistan's national payment system, HUMO, facilitating direct P2M payments from Indian bank accounts and reducing reliance on foreign exchange or international cards.
'Once you're wrestling with making a merger of that scale value-accretive, you're also under pressure to keep growing the balance sheet and chasing liabilities, and other things start to slip as a consequence.'
A 68-year-old Mumbai resident was defrauded of Rs 7.21 crore by cyber criminals who threatened her with false accusations of money laundering and terror funding. The fraudsters coerced her into transferring funds to bank accounts and a cryptocurrency wallet after impersonating officials from various agencies.
Indian selectors face a selection dilemma for the upcoming two-Test series against Sri Lanka, with Washington Sundar unlikely to be fit for the first Test, while senior all-rounder Hardik Pandya is set to return to white-ball cricket from August after recovering from injury.
Indian information technology (IT) stocks, led by Infosys, experienced a significant selloff, dragging the Nifty to a two-month low, primarily due to escalating West Asian tensions pushing crude oil prices higher, and concerns over upcoming large IPOs diverting funds from secondary markets. The sector is also grappling with the long-term implications of AI disruption.
Foreign secretary Vikram Misri on Friday shared key details on agreements between India and the UAE, stating that the UAE will store up to 30 million barrels of crude oil in India's strategic petroleum reserve following Prime Minister Narendra Modi's visit.
India's foreign exchange reserves increased by USD 938 million to USD 682.321 billion during the week ended May 28, according to the Reserve Bank of India, following a previous week's drop.
In a major bureaucratic rejig, the Central government on Thursday promoted six 1995-batch Indian Police Service (IPS) officers holding senior ranks in different Central Armed Police Forces (CAPFs) and the Intelligence Bureau (IB).
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.
Researchers at NIT Rourkela have patented a novel hybrid energy-storage system designed to significantly improve the efficiency and lifespan of electric vehicle batteries. This innovation addresses common issues like low power density and thermal stress by integrating supercapacitors with a simplified architecture, making EVs more reliable, especially in urban driving conditions.
The Reserve Bank of India (RBI) has debunked reports of gold sales, stating that its physical stock of gold remains unchanged at 880.52 tonnes, countering claims of selling approximately USD 12 billion to protect foreign-currency reserves.
The Tamil Nadu Assembly has adopted a resolution, moved by Chief Minister C Joseph Vijay, urging the Union government to permanently fix the Lok Sabha strength at 543 and implement 33 per cent women's reservation by 2029. The resolution also opposes delimitation that could disadvantage states successful in population control.
