Indian oil-marketing companies (OMCs) have incurred LPG underrecoveries of approximately Rs 22,000 crore between March and May 2026, as domestic cooking gas prices failed to keep pace with surging international rates exacerbated by the West Asia crisis, according to a Crisil report.
Even if there is an early agreement on a cessation of hostilities in West Asia, the price shock will not go away easily, points out A K Bhattacharya.
Microsoft has launched its fourth cloud region in India, located in Hyderabad, significantly expanding its hyperscale cloud presence. This move is part of a USD 20.5-billion investment in India's digital and AI infrastructure, aiming to support the country's rapid digital growth and meet increasing demand from major enterprises.
North Zone secured a crucial 64-run first-innings lead against West Zone in the Duleep Trophy quarter-final, largely due to exceptional bowling from Abid Mushtaq (5/39) and Arshdeep Singh (3/53). However, controversial selection Yash Dhull failed to score, raising questions about his inclusion over specialist opener Sanat Sangwan. North Zone ended day two with a 171-run overall lead, aiming to extend it further.
Luxury hotels in Delhi are experiencing a significant room crunch and a sharp increase in tariffs ahead of the BRICS Summit. Many marquee properties show no availability or are quoting rates exceeding six figures per night around the September 12-13 event, highlighting a gap in India's hospitality infrastructure.
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.
West Bengal Chief Minister Suvendu Adhikari on Monday said that hearings of applications for citizenship under the CAA will soon be over, and so far the state has issued certificates to 23,000 people out of 2.30 lakh applicants.
Teen batting star Vaibhav Sooryavanshi scored just eight runs on his Duleep Trophy debut for East Zone before Sudip Gharami and Shahbaz Ahmed hit hundreds to power them to 355 for 6 against North East.
Glenn Maxwell has named Virat Kohli the best-ever ODI batter, praising his exceptional timing, control and gap-finding ability while highlighting his remarkable record in successful run-chases.
New Delhi is under a thick blanket of security as it hosts top world leaders for the BRICS Summit. Extensive security measures, including thousands of personnel and CCTV cameras, are in place. Commuters can expect temporary traffic restrictions and diversions due to VVIP movements, though officials aim to minimise public inconvenience.
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.
Fitch Ratings has affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, acknowledging robust growth prospects and strong external finances. However, the agency highlighted concerns over elevated government debt, lagging structural metrics, and potential fiscal spending pressures due to rising youth unemployment.
The Centre has spent 28 per cent of its FY27 capital expenditure budget of Rs 12.21 trillion in the first three months against around 24.5 per cent during the corresponding period a year ago.
Exiled Bangladeshi author Taslima Nasreen has strongly advocated for the implementation of a Uniform Civil Code (UCC) in India, Bangladesh, and Pakistan, citing its importance in eliminating discrimination, especially against women. Her remarks come as the West Bengal government examines a draft UCC. Nasreen also expressed dismay over a disruption at her felicitation ceremony in Kolkata, where poet Joy Goswami was prevented from speaking.
Torrential rains have caused widespread devastation across several Indian states, leading to at least 11 deaths in Assam and Uttarakhand, pushing rivers above danger levels, and disrupting daily life with landslides, floods, and school closures. States like Jharkhand, Uttar Pradesh, Himachal Pradesh, Delhi, West Bengal, and Jammu & Kashmir are also grappling with the monsoon fury, while Meghalaya faces an unusual rainfall deficit.
India's fertiliser ministry has introduced a new analytical tool and a national-to-retail dashboard to monitor fertiliser dispatches, movement, and inventories in real time, aiming to prevent localised shortages and ensure equitable access for farmers.
Vaibhav Sooryavanshi will get a golden chance to improve upon his none too impressive first class numbers when East Zone take on the severely inexperienced North East Zone in the quarter-final of the Duleep Trophy.
India's foreign exchange reserves saw a significant increase of $10.512 billion, reaching $692.866 billion for the week ending July 31, driven by a rise in foreign currency assets and gold reserves.
India's merchandise exports increased by 19.63 per cent to USD 44.24 billion in July, primarily driven by petroleum products, while a significant rise in imports pushed the trade deficit to a six-month high of USD 31.98 billion.
The Reserve Bank of India (RBI) net bought $561 million in June, marking its first net purchase since February, following three consecutive months of net sales. This move coincided with a series of government and RBI measures to attract foreign capital, leading to a 0.36 per cent appreciation of the rupee against the dollar.
The death toll from devastating flash floods in Nepal has surged to 1,252, with more bodies recovered and fresh flood risks emerging due to continuous rainfall in the Bhotekoshi River's upstream areas. The disaster, triggered by an ice-rock avalanche, has also left 4,875 people missing and prompted calls to address climate change's impact on the Himalayan region.
Former bureaucrat Ashish Joshi has claimed that Delhi Police questioned him for nearly nine hours over social media posts concerning the Election Commission of India, and did not allow him to inform his wife about his whereabouts for several hours, alleging a "blatant violation" of Supreme Court guidelines.
The government on Thursday restored liquefied petroleum gas (LPG) supplies to commercial consumers such as hotels, restaurants and other businesses to pre-crisis levels, and lifted sector-specific restrictions imposed during the recent West Asia conflict, in a sign that energy supply concerns are easing as global markets stabilise.
The Ministry of External Affairs (MEA) has confirmed that 288 Indian nationals remain missing following devastating flash floods in Nepal, including those working on hydropower projects and tourist groups.
Escalating geopolitical tensions in West Asia are beginning to disrupt India's automotive supply chain, leading to rising commodity prices, logistics bottlenecks, material shortages, and pressure on consumer demand, with two-wheeler makers already raising prices.
Nepal is grappling with the devastating aftermath of flash floods, with the death toll reaching 1,356 and nearly 5,000 people, including foreign nationals, still missing. Identification of bodies is a major challenge, with only a fraction identified so far. President Ramchandra Paudel has appealed for climate justice and national unity for relief efforts. International teams, including experts from India and China, are assisting in search and rescue, particularly at hydropower projects where workers are trapped. The country is also working to restore infrastructure and reassure tourists to protect its vital autumn tourism season.
North Zone coaches Ajay Sharma and Sarandeep Singh are under scrutiny for controversially dropping Sanat Sangwan, the Ranji Trophy's third-highest run-scorer, for the Duleep Trophy quarter-final against West Zone, opting instead for Yash Dhull, who had a significantly poorer Ranji season.
The comparisons show where last year's cutoffs are still a usable guide and where you need to reset your expectations before Round 2.
The Delhi Traffic Police has issued a detailed advisory regarding traffic restrictions and diversions during the upcoming BRICS Summit from September 12-13. While Delhi will not be shut down, commuters should expect temporary stoppages and diversions, especially on routes used by VVIP convoys. The advisory covers movement for residents, essential services, public transport, and advice for exam candidates and hospital visitors, urging reliance on official updates.
Iranian Deputy Foreign Minister Kazem Gharibabadi has urged India to take the lead in bringing peace to West Asia, highlighting the UAE's role in stalling BRICS consensus on the conflict. Gharibabadi also discussed a new framework with Oman for merchant vessels passing through the Strait of Hormuz.
Veteran Congress leader Karan Singh has called for the establishment of a Himalayan authority involving all Himalayan nations, including India, Pakistan, and Nepal, to protect the fragile mountain range from destruction. He also criticised the four-laning of highways in Uttarakhand's Char Dham region, deeming it "reprehensible" due to its environmental impact. His appeal comes as Nepal grapples with devastating flash floods, highlighting the region's vulnerability.
The death toll from devastating flash floods in Nepal has reached 1,344, with rescue teams continuing to search for approximately 5,000 missing individuals, including foreign nationals, as identification of victims proves challenging due to the condition of recovered bodies.
Heavy rainfall in Delhi led to widespread waterlogging and severe traffic congestion, bringing the national capital to a standstill, with the India Meteorological Department issuing a red alert for further heavy rain.
Indian gymnast Protistha Samanta secured the seventh position in the women's vault final at the Commonwealth Games, with Canada's Lia-Monica Fontaine winning gold.
India's fresh investment plans in Q1FY27 surged 71 per cent to 14.77 trillion, primarily driven by four large nuclear power projects worth 6.5 trillion, according to investment monitoring firm Projects Today. Excluding these nuclear projects, fresh investment plans actually declined 4.27 per cent quarter-on-quarter.
Google aims to complete the first phase of its 1 gigawatt artificial intelligence (AI) data centre hub in Visakhapatnam by late 2028, with full operations across all phases expected within five years, according to Alexander Smith, Principal of Global Infrastructure and Energy for Asia Pacific at Google.
Prime Minister Narendra Modi on Thursday discussed with a group of senior ministers the prevailing global security situation and how to maintain supply chain uninterrupted despite conflicts in different zones, including the Strait of Hormuz, the Black Sea, the Red Sea, and the Gulf of Aden.
A US Congressman has raised serious concerns regarding India's proposed amendments to the Foreign Contribution Regulation Act (FCRA), warning that these changes could lead to government takeovers of religious charities and strain bilateral relations.
Climate experts explain how El Nino and climate change are intricately linked, with El Nino delaying monsoon onset and climate change intensifying rainfall. This new reality is altering the Indian monsoon's behaviour, leading to short-duration, high-intensity rain spells, especially in western and northwestern regions.
The National Disaster Response Force (NDRF) is closely monitoring the India-Nepal border regions in Bihar and Uttar Pradesh for any adverse impact from the devastating flash floods in Nepal. While no significant impact has been reported yet, 20 NDRF teams are deployed in the Indian states for potential relief operations. India has also sent humanitarian aid to Nepal and has additional NDRF teams on standby for deployment if requested.
