India's forex reserves jumped by $1 billion to $687 billion during the week ended December 5, the RBI said on Friday. In the previous reporting week, India's forex reserves had dropped by $1.88 billion to $686 billion.
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.
The planned India-Japan annual summit, featuring Japanese PM Sanae Takaichi and Indian PM Narendra Modi, has been moved from Guwahati to New Delhi due to logistical issues and Takaichi's tight schedule. The summit, scheduled for July 1-3, aims to boost bilateral ties with discussions on investment, supply chain deals, energy resilience, and strategic oil reserves, accompanied by a delegation of 50 Japanese companies.
Indian benchmark equity indices, Sensex and Nifty, extended their winning streak for a third consecutive day, driven by a rally in IT stocks and global cues suggesting a more accommodative monetary policy after softer-than-expected US jobs data.
The Table Tennis Federation of India (TTFI) has clarified that Manika Batra's exclusion from India's Asian Games squad was due to strict adherence to existing selection criteria. Despite her name being considered, Batra did not meet the requirements, primarily lacking a national ranking and not being in the top 50 of international rankings at the time of selection. The decision was a collective one by the selection committee, based on a comprehensive assessment.
Indian all-rounder Washington Sundar expressed his excitement about playing different roles across formats, highlighting his recent unbeaten 52 at number five in India's ODI victory over England. He credited coaches Gautam Gambhir and Ashish Nehra for boosting his confidence as a batter.
Manika Batra took to X, voicing her concerns over the TTFI's decision on her non-inclusion in the Asian Games squad.
The Reserve Bank of India's Financial Stability Report indicates that the interim peace deal between the US and Iran has favourably shifted the balance of risks, reducing headwinds from the West Asia conflict. However, it cautions that exchange rate volatility could increase if crude oil prices spike due to delayed normalisation of supply chain disruptions.
The Indian stock market's trajectory this week will be significantly influenced by crude oil prices, global market trends, and the commencement of the corporate earnings season, with IT major TCS set to announce its June-quarter results on July 9.
Understanding a product and assessing its suitability improve the chances of staying invested. Use life insurance mainly to cover risk, not to seek returns.
Suryakumar Yadav is expected to be removed as India's T20 captain due to a prolonged period of poor form. Shreyas Iyer and Tilak Varma are the leading contenders to take over, with discussions ongoing within the BCCI and selection committee, including head coach Gautam Gambhir's preferences.
A Congress spokesperson, quoted in media reports, summed up the party's thinking by saying, 'Whenever BJP is in trouble on the ground, a new 'apolitical' or 'alternative' party appears with the same ideology and the same backers.'
Indian Hotels Company (IHCL) reported a 20.8 per cent year-on-year rise in net profit for Q1 FY27, reaching 357.9 crore, despite macroeconomic headwinds like geopolitical tensions in West Asia impacting international travel and airline catering business.
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.
An attempt to secure a bank loan using forged signatures and documents related to the Pilibhit Tiger Reserve has been uncovered, prompting a police investigation.
I was armed with two dictaphones -- and a bottle of whisky that the editor had paid for, to lubricate the conversation.
A 15-day protest against the Ken-Betwa Link Project and other development initiatives in Chhatarpur, Madhya Pradesh, concluded after police cleared the agitation site and dispersed protesters. While police denied arrests, protesters alleged their leader, Amit Bhatnagar, was detained amidst claims of project irregularities and corruption. The project aims to provide irrigation and drinking water to the drought-prone Bundelkhand region.
The INDIA bloc meeting saw discussions about the emerging youth-led Cockroach Janata Party (CJP), with leaders holding divergent views on its intent and significance. While some expressed concerns about its political motives, many saw it as a healthy sign of youth dissent against the system, prompting calls for engagement and attention to the issues raised.
First Drive: Why the New Tata Sierra Was Born to be an EV
Bharti Airtel is strategically shifting its focus towards data centres, cloud services, and financial services as key drivers for its next phase of growth, leveraging significant past investments in digital infrastructure, as outlined by Chairman Sunil Mittal in the company's Annual Report for 2025-26.
Mountain drives are the ultimate test of an EV's stamina. Here is how the Sierra.ev fared over a rigorous test loop in the Nilgiris, says Rajesh Karkera/Rediff.com.
Indian ART GP driver Kush Maini secured his first F2 sprint race victory of the 2026 season at the Circuit de Catalunya in Barcelona. He led from the start, managed his tyres expertly, and finished with a significant lead, also clocking the fastest lap. Maini followed this with a P9 finish in the Feature race, adding crucial championship points.
The 23rd Commonwealth Games opened in Glasgow with a vibrant ceremony blending Scottish heritage and a strong message of sustainability. King Charles III declared the Games open, highlighting efforts to combat plastic pollution. The event featured a unique indoor setting, an early athletes' parade including the Indian contingent, and diverse musical and cultural performances, setting a new precedent for the multi-sport event.
Hashmatullah Shahidi will lead Afghanistan in the upcoming Test and ODI tour of India, while IPL star Allah Ghazanfar earns a call-up after his impressive season with Mumbai Indians.
The World Bank has increased India's economic growth projection for FY27 to 6.6 per cent, citing resilient domestic demand, while simultaneously cutting its global economic growth outlook due to the conflict in West Asia.
Indian IT service providers face heightened competition from AI-native firms in the next three years, potentially eroding their revenue base unless they remain competitive and protect recurring businesses, according to a report by S&P Global Ratings.
'For the rest of his tenure, people will start with the assumption that even Modi can be forced to bow down'
India's Central government is likely to see its fertiliser subsidy bill double to a record 3.4 trillion in FY27, up from the Budget estimate of 1.7 trillion, due to surging global fertiliser prices exacerbated by the West Asia war. This significant increase, coupled with revenue losses from excise duty cuts for oil-marketing companies, is straining the government's fiscal space, though capital expenditure plans remain unchanged.
'Banking is the only sector that can see double-digit growth in FY27.'
The total reserves increased to $701.3 billion on the back of a rise in foreign currency assets which increased by $9.6 billion to $560 billion during the reported week.
Shareholder payouts by India Inc, including dividends and buybacks, increased by 2.2 per cent year-on-year in FY26 to $5.06 trillion, but this growth lagged the 18.8 per cent rise in reported net profit for the third consecutive year, leading to the lowest dividend payout ratio in 12 years.
A female rhinoceros was killed in a tiger attack at the Dudhwa Tiger Reserve. Forest officials found the rhino's carcass with visible injury marks caused by the tiger. The incident occurred in the Rhino Rehabilitation Area-1 of the reserve.
The DMK has announced it will meticulously examine the proposed delimitation Bill when it is introduced in Parliament, making a decision based on its merits to safeguard Tamil Nadu's interests. The party's stance will be independent, without consultation with the Congress party, despite their former alliance.
The Delhi High Court has upheld the Equestrian Federation of India's (EFI) selection process for the Asian Games dressage team, dismissing petitions from riders Anush Agarwalla and Sudipti Hajela. The court found no arbitrariness or procedural impropriety, reinforcing the principle that judicial interference in expert selection bodies is limited. Challenges regarding Minimum Eligibility Requirements (MERs), criteria interpretation, and bias were all rejected.
The Japanese PM's visit to Assam comes amid festering uneasiness in Tokyo about Beijing's assertiveness in the Indo-Pacific region.
India's forex reserves jumped $8.663 billion to hit a new all-time high of $725.727 billion in the week ended February 13, the RBI said on Friday.
India's finance ministry anticipates inflation will remain relatively contained in the coming months, supported by a correction in crude oil prices and softening input costs following the cessation of the West Asia conflict, despite earlier spikes in wholesale and retail inflation.
Nationalist Congress Party national working president Praful Patel has dismissed claims of a rift within the party, specifically addressing a legal challenge to Sunetra Pawar's election as party president. A national secretary, Sachchidanand Singh, alleged the election was unconstitutional, but Patel stated the letter carries no weight and senior leaders support Sunetra Pawar. The dispute highlights internal dynamics following the demise of Ajit Pawar.
Indian companies' overseas expansion plans are holding strong despite geopolitical tensions in West Asia, driven by structural factors like supply-chain diversification, free trade agreements, and market expansion, according to Ajay Sharma, managing director and head of banking at HSBC India.
India's banking system liquidity has fallen into a deficit for the first time in nearly three months, prompting the Reserve Bank of India (RBI) to inject 1.41 trillion through a seven-day variable rate repo (VRR) auction to ease the temporary tightness.
