The Indian rupee depreciated by 52 paise to settle at 93.35 against the US dollar, driven by failed US-Iran peace talks, surging crude oil prices due to a potential US blockade of Iranian ports, and a global flight to the greenback. This geopolitical uncertainty is also leading to foreign capital withdrawal from domestic equities.
The Reserve Bank of India (RBI) Governor Sanjay Malhotra is now confronting the classic growth-inflation tradeoff, a situation exacerbated by the West Asia war, which threatens to end the 'goldilocks period' of low inflation and robust growth.
'Our diplomacy should have been focused on preventing war and avoiding the inevitable disruptions it would cause, posing a real risk to India's growth story,' asserts former foreign secretary Shyam Saran.
Rajya Sabha MP Harbhajan Singh has petitioned the Punjab and Haryana High Court, seeking the restoration of his security cover after it was withdrawn following his defection from AAP to BJP. Singh cites a mob attack on his residence and potential threats as reasons for the plea.
Indian stock markets experienced a significant rally following the announcement of a US-Iran ceasefire, coupled with a drop in crude oil prices. The Sensex and Nifty both closed nearly 4 per cent higher, mirroring gains in global markets.
"It is quite possible that the rates will remain low in the near to medium term, but that will depend on how conditions evolve," said RBI Governor Sanjay Malhotra.
The Punjab and Haryana High Court has directed the Punjab government to ensure the safety of Rajya Sabha MP Harbhajan Singh and his family, following his defection from AAP to BJP and subsequent protests outside his residence.
'The nepotism, corruption, bad governance and 15 years of rampant crime that has happened across West Bengal under her rule led to her ouster.'
Chief Justice of India expresses concern over the increasing number of digital arrest scams, highlighting a recent case where an elderly woman was defrauded of her retirement benefits.
The Reserve Bank of India's 2024 norms for the voluntary conversion of Small Finance Banks (SFBs) into universal banks, particularly the subjective 'diversified loan portfolio' criterion, are proving to be a significant hurdle, with Ujjivan SFB and Jana SFB having their applications returned.
Prime Minister Narendra Modi asserted that the TMC's rule in West Bengal is nearing its end, citing corruption and unfulfilled promises. He also pledged support for the fisherfolk and a zero-tolerance policy for infiltrators.
Jindal Steel has successfully deployed syngas in its galvanising and colour coating line furnaces to combat shortages of natural gas, LPG, and propane. This innovative approach allows the company to sustain operations and promotes energy self-reliance.
The Reserve Bank of India (RBI) has proposed several measures to develop a more conducive framework for the long-term growth of Prepaid Payment Instruments (PPIs), including enhanced transaction security and clearer rules on refunds and grievance redressal.
Hyderabad Police Commissioner V C Sajjanar has proposed a Joint Working Group with the RBI and banks to address the issue of mule bank accounts used in cyber fraud. The proposal follows 'Operation Octopus,' which exposed vulnerabilities in KYC verification. Sajjanar also recommended strict directives for banks to fix accountability and adopt advanced technology to detect suspicious transactions.
'All this talk about women's reservation and Nari Shakti is a mirage.' 'It is a classic Trojan horse to bring about an alteration in the structure of political competition -- to the enduring advantage of the BJP.'
Congress MP K C Venugopal has submitted a privilege notice to Lok Sabha Speaker Om Birla against Prime Minister Narendra Modi, alleging breach of privilege during a recent address to the nation.
The Uttarakhand High Court has ruled that a father cannot avoid his responsibility to provide maintenance for his minor child by claiming the mother's income or his own financial obligations.
Senior BJP leader Smriti Irani has criticised the TMC government in West Bengal, alleging corruption and failure to ensure women's safety. She promised a monthly cash support of Rs 3,000 for every woman if the BJP is voted to power.
Vaibhav Sooryavanshi's stunning performance in the Under-19 World Cup final has led to calls for the young cricketer to be fast-tracked into the senior Indian team, with former cricketers drawing comparisons to Sachin Tendulkar and Virender Sehwag.
Indian refiners are negotiating for additional crude cargoes from the US, Russia, and West Africa to ensure adequate supplies amid Middle East tensions. Refineries are maintaining normal processing rates and deferring maintenance to build reserves. The move comes as conflict impacts tanker movements through the Strait of Hormuz, a key energy transit route.
The Gauhati High Court heard arguments for Pawan Khera's anticipatory bail plea, filed after an FIR by the Assam CM's wife alleging multiple passports. Khera's counsel argued he is not a flight risk and his arrest is unnecessary, while the Assam Advocate General opposed the bail.
The Indian rupee rebounded against the US dollar after the Reserve Bank of India (RBI) restricted banks' net open positions in dollars. This move prompted banks to sell dollars, providing temporary support for the rupee amidst ongoing geopolitical tensions and rising oil prices.
Former chief coach Vimal Kumar has expressed his disappointment with the Badminton World Federation's decision to change the scoring system, arguing it dilutes the sport and fails to address its real challenges.
Beijing has been wary of Sanae Takaichi's efforts to boost Japan's military profile since taking office six months ago, points out Dr Rajaram Panda.
'They will have to adjust themselves to the new reality. Because if they don't understand this changed political perception, their future will be difficult.'
IRCTC is expanding its payments arm, IRCTC Payments, to handle transactions across its ticketing platform and tap government clients, aiming to scale its annual payment processing to approximately 1 trillion.
Haryana Chief Minister Nayab Singh Saini commemorated B.R. Ambedkar's birth anniversary, highlighting his contributions to women's empowerment and social justice. Saini and Union Law Minister Arjun Ram Meghwal criticised the Congress party for allegedly disrespecting Ambedkar, while praising the current government's efforts to honour his legacy.
Fitch Ratings on Friday said persistently higher oil prices could cause India's retail inflation to rise faster than the expected gradual pace, and lead to a slowdown in economic growth in the first half of financial year 2026-27 (FY27).
A radio-collared tiger was allegedly poisoned to death in Madhya Pradesh, leading to the arrest of five individuals. The incident highlights concerns about poaching and monitoring failures, prompting calls for investigation and accountability.
Uncertainties stemming from the West Asia crisis and its potential impact on inflation and economic growth were key factors in the Reserve Bank of India's Monetary Policy Committee (MPC) decision to maintain the status quo on interest rates, according to the recently released MPC meeting minutes.
India's forex reserves dropped by $3.05 billion to $699.74 billion in the week ended July 4, the RBI said on Friday. In the previous reporting week, the overall reserves had jumped by $4.85 billion to $702.78 billion.
The Reserve Bank of India (RBI) has proposed new measures to combat financial fraud in digital payments, including lagged credit for authorised push payments and a 'kill switch' for users to disable all digital transactions.
'We are staying away from making forward-looking statements on when we will reach 1 trillion, etc. But growth will be rapid; it's only a matter of time.'
India's wholesale price inflation surged to 3.88 per cent in March, marking the fifth consecutive monthly increase, primarily driven by a sharp rise in crude petroleum, natural gas, and manufactured items amidst the West Asia crisis.
The Reserve Bank of India (RBI) has reported processing 99.9% of applications under its Citizen's Charter within the stipulated timeframe in March 2026, demonstrating a high level of efficiency.
India's 500 MWe Prototype Fast Breeder Reactor (PFBR) at Kalpakkam in Chennai has achieved first criticality, marking a significant advancement in the country's nuclear energy capabilities and long-term energy security.
We know in our heart that speaking the truth on this stupid Iran war will anger Trump and so we look the other way because if we look him in the eye the bully will straighten us out, asserts Aakar Patel.
The Reserve Bank of India (RBI) is exploring ways for Russian trade counterparts to use accumulated Indian rupees (INR) for imports or capital investments in India, aiming to boost INR-Rouble transactions and reduce reliance on the US dollar.
Struggling former champions Mumbai Indians and Chennai Super Kings will be eyeing consistency as they await the return of their former captains Rohit Sharma and Mahendra Singh Dhoni.
The proposed solution is a one-hour delay for digital transactions exceeding Rs 10,000, particularly when the transfer is made to a new or unverified beneficiary. The idea is simple -- give users a window to reconsider, detect fraud or alert their bank before the funds are irretrievably transferred.
