Indian chess Grandmaster R Praggnanandhaa, who turned 21, has already amassed a remarkable list of achievements, including becoming a Grandmaster at 12, reaching a career-high world ranking of No. 4, and recently winning the Grand Chess Tour St Louis Rapid and Blitz title.
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.
Indian benchmark indices Sensex and Nifty closed marginally lower due to profit-taking, following the Reserve Bank of India's decision to keep the repo rate unchanged while lowering its growth expectations for the current fiscal year and forecasting higher inflation.
Under bullet repayment, the principal remains outstanding and unpaid interest raises the liability over time. This makes the LTV ratio more vulnerable to a sharp fall in gold prices.
Indian benchmark indices closed marginally higher, with the Sensex gaining over 43 points and the Nifty remaining flat, as a spike in crude oil prices due to geopolitical uncertainties tempered risk appetite.
Indian IT companies are experiencing a growing trend towards outcome-based pricing models, moving away from traditional time and material or fixed-price contracts, as artificial intelligence reshapes client engagement and deal structures.
Indian benchmark indices, Sensex and Nifty, experienced significant declines, with the Sensex falling 493 points and the Nifty dropping for the sixth consecutive day, primarily due to elevated crude oil prices reaching USD 91 per barrel and diminishing hopes for a diplomatic resolution in West Asia.
A working paper by the Economic Advisory Council to the Prime Minister (EAC-PM) reveals a continuous decline in the rate at which foreign-owned firms invest in fixed assets in India since the FY20 peak, contrasting with a steady increase from Indian business groups.
Former Australian opener Matthew Hayden has lauded young Indian batting sensation Vaibhav Sooryavanshi, highlighting his courage, mental strength, and ability to perform under pressure. Hayden believes the 15-year-old has the potential to excel in both short and long formats of cricket, despite his recent T20I and IPL successes. Sooryavanshi's impressive performances, including a Player of the Series award in T20Is and a record-breaking IPL season, underscore his immense talent.
Equitas Small Finance Bank (SFB) Managing Director and CEO P N Vasudevan stated, "We may end up applying within a year" for a universal banking licence, while also targeting a nearly threefold increase in advances to Rs 1.2 trillion over the next five years.
As India's decline continued on global indices, the government first blamed methodology and then motives. This is where we remain today as we wish each other and ourselves a happy Independence Day, points out Aakar Patel.
Commercial vehicle loans recorded the highest early-stage delinquency among vehicle finance products, with portfolio at risk (PAR) 31-90 at 4.1 per cent in June 2026, while used car loans emerged as the fastest-growing segment, according to a CRIF High Mark report.
A government adviser has called for India to reintroduce a petrol variant with a lower ethanol blend, such as E10, alongside the current E20 fuel. This move aims to protect millions of older vehicles, particularly two-wheelers, which may experience performance issues and damage from the higher 20 per cent ethanol blend.
The Durand Football Tournament Society has recognised 11 young footballers with the Emerging Player award, each receiving Rs 1 lakh. These players, from various teams across all six groups, impressed with their performances, showcasing promising talent and potential during the ongoing Durand Cup.
India's services sector experienced its weakest growth in four-and-a-half years in July, as new business orders, both domestic and export, eased due to intense competition and declining demand. Despite a modest rebound in job creation and improved profit margins, overall business confidence slipped, reflecting a broader slowdown in the economy.
RBI Deputy Governor Rohit Jain discussed the future of India's foreign exchange markets, highlighting the increasing role of local currencies in cross-border trade, the impact of technology, and existing challenges. He emphasised the need for market evolution to facilitate India's global engagement, absorb shocks, and serve all users efficiently. Jain also addressed concerns about unauthorised forex trading platforms and the importance of customer awareness.
Today, many investors are less concerned about holding bullion physically. What matters more is gaining exposure to price movements. As a result, the new-age investment trend has shifted more towards ETFs.
A new report by FICCI, BCG, and IBA outlines that India's banking sector must grow significantly faster than nominal GDP to support a USD 30 trillion economy by 2047, requiring banking assets of USD 45 trillion. The report highlights the sector's current strength, challenges in digitisation, and the need to enhance resilience against fraud and cyber threats, proposing a 13-point agenda for stakeholders.
Former Australian cricketer Matthew Hayden has commented on Rohit Sharma's future in international cricket, particularly concerning the 2027 World Cup. Hayden believes Sharma's decision will hinge on his continued hunger and energy, given his retirement from Tests and T20Is, and the demanding schedule of both IPL and ODI cricket. Despite age-related questions, Sharma has continued to deliver strong performances, notably a century against England.
The India-manufactured Itel Aqua is a tough, everyman phone at a very economical price.
The Maharashtra government has approved the deployment of sovereign artificial intelligence solutions from Sarvam AI for its departments, with a two-year outlay of Rs 11.26 crore. This initiative includes the Indus AI workspace for 2,500 users, ensuring government data remains within India, along with citizen outreach agents and speech models for the MahaAI platform.
Indian passenger vehicle manufacturers are significantly increasing production and stocking dealerships in anticipation of strong festival season demand, with new launches planned and supply bottlenecks being addressed. However, the industry faces potential moderation in growth during the second half of FY27 due to a high base from last year's post-GST surge, commodity inflation, and elevated inventory levels.
After ending a 22-year wait for the Premier League title, Arsenal manager Mikel Arteta faces the formidable task of defending the crown, a feat achieved by only three managers in the league's history.
For millions of Indians, this number has become one of the most important financial indicators. It can influence not only whether a bank approves a loan but also the interest rate you pay, the credit limit you receive and, in some cases, how quickly your application is processed.
The Payments Council of India has confirmed that Unified Payments Interface (UPI) services will continue to be free for consumers and small merchants, despite a recent Lok Sabha Bill. This clarification addresses concerns about potential charges, emphasising that while a sustainable financial model for UPI infrastructure is being developed, transaction charges will not be passed on to users or small businesses.
The Supreme Court has extended its order staying the arrest of Sumit Roy, personal assistant to Trinamool Congress MP Abhishek Banerjee, in connection with the Salboni land-grabbing case. The West Bengal government alleged Roy was not cooperating with the probe, while Roy's counsel argued he has a right to silence and the case is politically motivated. The court will review a sealed cover report from the police before further proceedings.
A Parliamentary Standing Committee on Commerce has urged the Indian government to swiftly conclude the proposed India-US Bilateral Trade Agreement (BTA), while ensuring India's interests are protected, recommending complete exemption for key export products like generic medicines and smartphones from future US tariff increases.
Astronauts Anil Menon and Sophie Adenot encountered unexpected delays during a spacewalk to replace a critical space-to-ground antenna on the International Space Station. Despite successfully removing the failed antenna, they ran out of time to install the replacement, rescheduling the task for a future spacewalk. Menon, of Indian origin, and Adenot, the first French woman to spacewalk, faced challenges with tight connectors and bolting during the six-hour mission.
Indian stock market indices closed on a mixed note, with the Sensex gaining 374 points driven by buying in Reliance Industries and ICICI Bank, while the Nifty remained flat. This divergence is attributed to a new Closing Auction Session (CAS) mechanism introduced by stock exchanges, impacting market liquidity and price discovery.
Sri Lanka fought back with seven wickets from Prabath Jayasuriya and Keshara Nuwantha on rain-hit Day 2 of the first Test, but Devdutt Padikkal's superb 167 powered India to 460-9.
The Rashtriya Swayamsevak Sangh (RSS) recently held a three-day coordination meeting in Visakhapatnam, where senior leader C R Mukunda highlighted discussions on demographic imbalance, its impact on social harmony, recent youth protests, and underlying systemic failures. The Sangh believes these issues, including exam irregularities like NEET, point to broader administrative and institutional shortcomings that require constructive efforts from both government and society.
Indian Hotels Company (IHCL) reported a healthy 14.6 per cent consolidated revenue growth in Q1 FY27, largely driven by a robust 17.6 per cent increase in domestic operations, offsetting geopolitical disruptions. Brokerages anticipate sustained growth, with Motilal Oswal Research projecting 12-14 per cent growth in FY27, supported by strong leisure demand and an asset-light expansion pipeline.
Rising sensation Vaibhav Sooryavanshi has made a significant jump in the latest ICC Men's T20I Batting Rankings, climbing 230 places to 48th after an impressive Player of the Series performance against Zimbabwe. India teammate Ishan Kishan leads the T20I batting rankings with a career-best 910 points, the third-highest rating ever recorded.
India wicketkeeper-batter Rishabh Pant has appealed to Uttarakhand Chief Minister Pushkar Singh Dhami for assistance in acquiring land to build a home and shift his base from Delhi to his native state. CM Dhami has assured Pant of all possible help, stating that the matter has been referred to concerned officials.
Indian batter Devdutt Padikkal scored his maiden Test century against Sri Lanka in Galle, becoming the second Indian, and first Test centurion, to achieve this feat on Independence Day, joining Virat Kohli in an elite list.
India will face arch-rivals Pakistan in a crucial FIH Men's Hockey World Cup Pool D match, needing at least a draw to advance, while Pakistan must win to stay in the tournament.
It's not about how much you earn -- it's about how you borrow and repay.
Punjab Kings' Nehal Wadhera said head coach Ricky Ponting personally approached him and offered reassurance at a time when his confidence was affected by his lack of runs during IPL 2026.
India is set to import 1 million tonnes of raw sugar at zero duty after domestic stocks fell sharply and prices surged ahead of the festival season.
Australia's cricket captain Pat Cummins acknowledged the team's batting struggles after a surprising nine-wicket loss to Bangladesh in Darwin. Despite excellent preparations, the top-ranked Test nation failed to post significant scores, with only Steve Smith and Cameron Green showing resilience. Cummins hinted at potential team changes and emphasised the need for batters to review their approach ahead of the second Test.
