India's economy is projected to lose momentum in the second half of fiscal 2026-27, with tighter financial conditions, elevated energy prices, and broadening inflation pressures posing significant risks, according to DBS Bank economist Radhika Rao.
Fitch Ratings has increased India's GDP growth forecast for the current fiscal year (FY'27) to 6.9 per cent, up from 6.4 per cent, attributing the revision to robust economic growth in the June quarter and overall economic resilience. The agency also anticipates the Reserve Bank of India (RBI) will raise interest rates by 0.25 per cent in October.
India's Chief Economic Advisor V Anantha Nageswaran stated that the country's balance of payments (BoP) pressure is expected to remain a continuous challenge due to rising imports, commodity dependence, high global interest rates, and intense competition for capital.
'It's not about individuals operating the mule accounts being more or less skilled. Instead, 'lower-level' refers to the role the individual account plays in the broader mule network.'
Saudi Arabia's East-West pipeline shutdown could make crude costlier for India as refiners face fewer supply routes and rising freight and insurance costs.
'Elevated crude prices and unchanged domestic fuel prices would put pressure on the profitability and cash flows of OMCs.'
Air India secured the 57th spot worldwide, marking a notable rise from its 84th position in 2025. IndiGo, meanwhile, slipped to 61st, compared with 39th place a year earlier.
Indian stock markets experienced a significant downturn, with the Sensex plunging 1,124 points to a six-month low and the Nifty closing below 22,800, driven by surging crude oil prices, escalating geopolitical uncertainties, and weak global market trends.
The number of Indians travelling abroad for education fell from 908,364 in 2023 to 770,127 in 2024 and 626,606 in 2025.
Mumbai's prime residential property market recorded a significant 6.2 per cent year-on-year price growth in the second quarter of 2026, more than double the global average, positioning it eighth globally, according to Knight Frank.
A Sikh truck driver was brutally stabbed multiple times in a Wyoming rest area, an incident occurring amidst a reported rise in anti-South Asian rhetoric in the US. The attacker has been arrested and charged with attempted first-degree murder.
Second seed Elena Rybakina ended Chinese qualifier Zheng Qinwen's stirring US Open run with a 3-6, 6-1, 6-4 victory on Wednesday, advancing to the semi-finals and securing the world number one ranking for the first time.
India has dispatched a fresh tranche of 35 tonnes of humanitarian aid to flood-ravaged Nepal, marking the eighth special flight since devastating flash floods struck the Himalayan nation on August 26. The aid includes relief materials, specialised rescue equipment, and expert personnel, with Indian teams actively assisting in tunnel rescue operations and forensic identification of victims. The death toll has climbed to 1,365, and thousands remain missing as India reaffirms its commitment to supporting Nepal's recovery efforts.
Indian table tennis mixed doubles pair Diya Chitale and Manush Shah secured a coveted Asian Games medal, overcoming a recent slump in form and the personal tragedy of Diya's coach Peter Engel's death. Their triumph is seen as a fitting tribute to Engel and fuels India's hopes for an Olympic medal in the future.
Indian benchmark indices Sensex and Nifty experienced volatile trading, influenced by elevated crude oil prices, high US bond yields, and selling pressure in IT stocks, despite an early rebound.
Indian benchmark indices, Sensex and Nifty, saw declines in early trade, influenced by rising crude oil prices and ongoing geopolitical tensions in West Asia. Experts suggest that crude oil remains a primary concern, with Brent holding near USD 88 a barrel due to renewed US warnings against Iran, embedding a geopolitical risk premium in energy markets. Track Sensex, Nifty
Israeli Prime Minister Benjamin Netanyahu criticised delegates who walked out of the United Nations General Assembly during his speech, labelling them 'moral cowards.' He also addressed rising antisemitism and accused New York City Mayor Zohran Mamdani of fostering an unsafe environment for Jewish residents.
Indian benchmark indices, Sensex and Nifty, experienced a sharp decline, with the Sensex tumbling 1,247.71 points and the Nifty settling below 23,100, primarily driven by a significant spike in crude oil prices and weak global market trends.
The Reserve Bank of India (RBI) net purchased a record $18.65 billion in July, driven by inflows from its concessional swap facility, leading to a significant increase in India's foreign exchange reserves.
Civil Aviation Minister K Rammohan Naidu announced that the government will not impose a cap on airfares during the upcoming festive season. Instead, airlines will be advised to maintain reasonable prices, considering the rising operating costs primarily due to increased Aviation Turbine Fuel (ATF) prices, exacerbated by the West Asia crisis.
IndiGo, India's largest airline, has recently increased charges for several ancillary services, including infant travel and unaccompanied minors, citing rising operational costs and higher fuel prices. Domestic infant travel charges have risen to Rs 3,000, while unaccompanied minor services are now Rs 5,999 for domestic and Rs 12,999 for international flights.
H1N1 influenza cases have seen a recent increase in Delhi and parts of North India. Experts confirm it's a known strain, not more virulent, and advise precautions, especially for high-risk individuals like the elderly, children, and those with chronic illnesses. They stress the importance of rest, hydration, and medical consultation for severe symptoms, while also noting that most cases are mild and self-limiting.
The Indian women's table tennis team secured a dominant 3-0 victory over Pakistan, topping Group F with three consecutive wins and advancing to the quarterfinals of the Asian Games. Key players Sutirtha Mukherjee, Syndrela Das, and Sreeja Akula contributed to the decisive win.
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.
Authorities in Kaushambi, Uttar Pradesh, have demolished the three-storey house of Naushad, the main accused in a cracker factory blast that killed 13 people, including 11 children. The demolition followed the arrest of Naushad and two women, with police also suspending nine personnel for negligence and seeking other absconding suspects.
Indian benchmark equity indices, Sensex and Nifty, experienced declines in early trade due to elevated crude oil prices and persistent geopolitical uncertainties, particularly following the expiry of the US-Iran ceasefire. Track Sensex, Nifty on August 19, 2026.
Indian benchmark indices, Sensex and Nifty, closed significantly higher, driven by a combination of easing crude oil prices, fresh foreign fund inflows, and a positive trend observed in global equities.
The Automotive Research Association of India (ARAI) has launched comprehensive conformity assessment and certification services for drone manufacturers, aiming to streamline the type approval process for Unmanned Aerial Systems (UAS) in India. This initiative supports the rapidly expanding drone sector by ensuring design, quality, and performance meet evolving safety and airworthiness standards.
India Inc's first-quarter earnings season was significantly impacted by the West Asia conflict, leading to rising costs, calibrated price increases, and margin pressures across various sectors including FMCG, automotive, steel, and cement. Companies are implementing price hikes to protect profitability, with many anticipating further escalations if input costs remain elevated.
Thailand's Puripol Boonson made history by winning the 200 metres gold, completing an Asian Games sprint double and matching the Asian record, while China's 18-year-old javelin sensation Yan Ziyi defeated an Olympic champion for her first gold.
Indian-origin chess prodigy Bodhana Sivanandan, aged 11, has been crowned the youngest Woman Grandmaster (WGM) while representing England at the 46th Chess Olympiad in Uzbekistan. This achievement adds to her growing list of records, including being the youngest person to represent England internationally in any sport. She is now one step closer to becoming an International Master.
'India is collateral damage. There is no way that foreign investors are going to bring money in India despite our yields also going up.'
Promising Indian golfer Arjun Prasad has officially joined the AM Green Indian Golf Premier League (IGPL) ahead of its second half of the season, set to begin in late September. Prasad, 27, brings a strong performance record, including a recent professional title win and multiple top-10 finishes, making him a significant addition to the league's roster alongside other notable players.
Indian Grandmaster R Praggnanandhaa has made history by becoming the first Indian to win the Grand Chess Tour Finals in St. Louis, defeating GM Fabiano Caruana in a stunning comeback. Chess legends Garry Kasparov and Vidit Gujrathi congratulated him on this significant achievement.
India's Esha Singh secured a silver medal in the Asian Games women's 25m pistol individual competition, navigating five consecutive shoot-offs before narrowly missing gold by one shot against China's Xiao Jiaruixuan.
EPF wage ceiling rising to Rs 25,000 could increase employer statutory contributions by Rs 1,200 monthly per employee.
The Supreme Court has issued a landmark directive against immediate arrests in Protection of Children from Sexual Offences (POCSO) Act cases where the accused is a parent or family member living with the child, and a matrimonial dispute exists. The ruling mandates psychological evaluation of the child by experts before police or courts form an opinion to arrest, aiming to prevent the misuse of the law in estranged couple cases.
Foreign portfolio investors (FPIs) have withdrawn nearly Rs 5,109.21 crore from Indian government securities under the fully accessible route (FAR) in just three days, driven by global uncertainty, elevated crude prices, rising US Treasury yields, and a depreciating rupee.
International Hockey Federation (FIH) President Tayyab Ikram has commended India's professional approach to hockey, urging other Asian nations to adopt similar strategies to improve their global standing. He highlighted India's journey from past Olympic glory to recent bronze medals, positioning it as a model for development in the sport.
The latest ICC Test rankings show Indian captain Shubman Gill dropping two places to ninth among batters, while Jasprit Bumrah fell one spot to third among bowlers.
