"With the leverage available, I believe the scheme remains reasonably attractive," said P D Singh, India and South Asia Chief Executive Officer, Standard Chartered Bank, regarding the Foreign Currency Non-Resident (Bank) or FCNR (B) deposits.
Non-resident Indians (NRIs) in the Gulf region are increasingly purchasing term life insurance policies from India, driven by geopolitical uncertainties in West Asia and the significant cost advantages offered by Indian products, with the GCC region now contributing over half of the total NRI demand.
The Indian junior women's hockey team, led by Khaidem Shileima Chanu, will undertake an exposure tour of the United Kingdom from July 5 to 14. Under new coach Tim White, the 24-member squad will play seven matches against teams from Scotland, the United States, England, and Belgium, aiming to fine-tune strategies for upcoming international competitions like the Junior Asia Cup.
Passenger vehicle sales in India are estimated to have surged by nearly 25 per cent in June 2024, reaching approximately 4 lakh units, with Maruti Suzuki, Tata Motors PV, and Mahindra & Mahindra leading the growth, despite concerns over geopolitical tensions and monsoon impact.
It, however, conceded that 20 per cent blending of ethanol with petrol leads to 3-5 per cent lower mileage in vehicles than conventional petrol, but said the blend offers a significantly higher octane rating, superior anti-knock properties, faster combustion, better pickup, smoother acceleration, and cleaner engine operation.
Indian rugby player Sumit Kumar Roy highlights the critical role of international exposure and the Rugby Premier League in the team's recent success, including a silver medal in Asia's top rugby sevens competition. The team aims for the 2030 Commonwealth Games and 2036 Olympics, learning from global players and focusing on discipline. Uruguay's Diego Ardao also emphasizes the need for skilled coaches and dedicated players to develop the sport in India, acknowledging the nation's vast potential despite the long road ahead for Olympic aspirations.
State-run Oil and Natural Gas Corporation (ONGC) has approved the development of a 1.75 million tonnes (mt) strategic petroleum reserve (SPR) in Mangaluru, a project deemed of national importance, with plans for broad commercial utilisation.
Indian benchmark indices, Sensex and Nifty, staged a moderate rebound after a significant correction in the previous session, driven by foreign fund inflows and a largely positive trend in global markets, though geopolitical tensions between the US and Iran continued to foster caution.
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 Prime Volleyball League (PVL) has been officially recognised by the FIVB as India's first division professional volleyball league, marking a significant milestone for the sport in the country. This recognition allows PVL clubs to compete in international tournaments and aligns the league with global standards. The fifth season of PVL is scheduled to begin on November 30, with a players' auction on August 17 in Goa. This development is expected to further strengthen Indian volleyball's performance on the international stage.
Indian women's assistant volleyball coach Radhika Paruchuri believes that franchise-based leagues, like the upcoming Volleyball Champions League, are crucial for transforming Indian volleyball. She highlights their potential to provide much-needed match exposure for young players, strengthen the talent pipeline, and help identify and nurture new talent, ultimately raising the standard of the sport in India. Paruchuri also notes the decline in Indian women's volleyball due to a lack of international exposure and domestic competition, which these leagues aim to address.
India commenced its U-19 Asian Boxing Championships campaign with impressive victories from Chandrika Pujari and Joyshree Devi. Chandrika secured a unanimous 5-0 win, while Joyshree forced an RSC. The campaign continues with U-23 men's boxers entering the ring, highlighting India's strong contingent and the championships' role in developing young talent.
The Indian U-21 men's hockey team is set to undertake a crucial tour of Belgium, Austria, Germany, and the Netherlands in July 2026. This tour, featuring six high-intensity matches, is a vital preparation phase for the upcoming men's junior Asia Cup under new coach Frederic Soyez, aiming to build team cohesion and identity.
Sports Minister Mansukh Mandaviya felicitated the Indian men's volleyball team for winning the country's first-ever medal at the AVC Men's Volleyball Cup. India secured a bronze medal by defeating Bahrain, marking a historic achievement and reflecting the sport's growth in the nation. This success is expected to inspire young athletes and boost volleyball's development.
Indian equity benchmark indices, Sensex and Nifty, tumbled nearly 2 per cent for the fourth consecutive session, driven by elevated crude oil prices, escalating US-Iran tensions, unabated foreign fund outflows, and a depreciating rupee.
Indian equity benchmark indices, Sensex and Nifty, tumbled nearly 2 per cent for the fourth consecutive session, driven by elevated crude oil prices, escalating US-Iran tensions, unabated foreign fund outflows, and a depreciating rupee.
India has significantly improved its position as a global foreign direct investment (FDI) destination, climbing two places to 11th in 2025, with inflows surging by nearly 44 per cent to $38.89 billion, according to the United Nations Conference on Trade and Development (Unctad) World Investment Report 2026.
India's trade with West Asia saw a significant decline of over 28% in April, marking the second consecutive month of contraction. This downturn is attributed to severe shipping disruptions stemming from the ongoing conflict involving the US, Israel, and Iran, particularly impacting the crucial Strait of Hormuz waterway.
Nissan Motor India aims to achieve a fourfold increase in domestic sales, targeting 100,000 units annually, and export another 100,000 vehicles from its Chennai plant by financial year 2027-28 (FY28), marking a significant revival of its presence in the Indian passenger vehicle market.
Brazilian aerospace company Embraer has secured type certification from India's aviation regulator, DGCA, for three of its commercial jets (E195-E2, E190, and E195). This approval, alongside an existing certification for its E175 jet, paves the way for Embraer to expand its presence in India's regional aviation market, supported by a strategic MoU with Adani Defence & Aerospace for a Final Assembly Line in Dholera, Gujarat.
90 per cent of institutions recorded no improvement in international student metrics, despite government initiatives such as the Study in India programme, UGC regulations on internationalisation, and efforts to attract foreign students.
India's domestic passenger vehicle sales experienced a robust 24.6 per cent year-on-year increase in June, propelled by favourable government policies like income tax relief and repo rate cuts, alongside resilient rural demand, even as global crude oil prices pose potential cost pressures.
The Centre for Studies of International Relations (CSIR) has established the International Centre for Civilizational Studies "Manas and Mahabharata" in Bishkek, Kyrgyzstan, in collaboration with the Manas National Academy. The inauguration also saw the release of the first Hindi translation of the Kyrgyz epic "Manas," aiming to foster scientific, educational, and cultural cooperation between India and Kyrgyzstan.
The Indian women's cricket team has secured a spot in the 2028 Los Angeles Olympic Games as the top-ranked Asian team in the ongoing T20 World Cup. The men's team will need to be the continental leaders in world rankings by the end of 2026 to qualify directly. Cricket is making its return to the Olympics after a century, featuring six teams in both men's and women's competitions, with qualification criteria unveiled by the ICC.
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.
US President Donald Trump lauded Prime Minister Narendra Modi as a "very tough negotiator" and hinted at a future visit to India during their meeting on the sidelines of the G7 Summit, where they discussed trade, defence, and the West Asia crisis.
Indian Hotels Company Ltd (IHCL) is expected to benefit from higher room rates, rising occupancy, and strategic acquisitions, with analysts projecting double-digit revenue growth for FY27 driven by strong domestic demand and a favourable demand-supply dynamic.
The government will lift restrictions on the sale of petrol and diesel to commercial and industrial consumers from July 1, easing emergency measures imposed to manage fuel supplies.
'The Rs 30,954 crore inflows recorded in May 2026 reflects around 16 per cent year-on-year rise.'
Tax collection so far has been encouraging, with net direct tax receipts reaching Rs 5.21 trillion by June 17, nearly a 15 per cent increase compared to the same period last year.
India's industrial production growth decelerated to a five-month low of 4.1 per cent in March, primarily due to the subdued performance of the manufacturing and power sectors, exacerbated by the West Asia crisis.
US President Donald Trump on Monday claimed that Iran had requested a meeting with the US after the recent military escalation between the two sides over the Strait of Hormuz and announced that talks with Tehran would take place in Doha, Qatar, on Tuesday, despite Iranian officials stating that no technical meetings have been scheduled this week.
Harjai Milkha Singh and Krish Chawla led India to victory in the boy's team event at the APGC Junior Golf Championship in Colombo, finishing one shot ahead of South Korea and Thailand. Harjai also secured a runner-up finish in the individual category.
Prime Minister Narendra Modi has welcomed the understanding between the United States and Iran to end the conflict in West Asia, expressing hope that the pact will restore peace, stability, and ensure freedom of navigation in the region. The deal, aimed at ending a 107-day war that caused a global energy crisis, is set for signing on June 19.
Faculty recruitment is conducted directly by universities using global hiring standards while complying with Indian regulations.
Mohun Bagan Super Giant has appointed Greek tactician Panagiotis Dilmperis as their new head coach on a one-year contract. Known for his attacking yet balanced style and ability to blend youth with experience, Dilmperis aims to build a disciplined and courageous side to compete for all trophies, acknowledging the high expectations and the significance of the Kolkata Derby.
Former India women's hockey captain Asunta Lakra has written to the Sports Ministry, SAI, and IOA, alleging institutional protection of sexual harassment and intimidation of women athletes within the sport. She claims she faced threats and a smear campaign after raising concerns about an individual, Sudhir Gola, and has accused Hockey India Secretary General Bholanath Singh of threatening her. Singh denies the allegations, linking them to upcoming elections, while Hockey India President Dilip Tirkey has acknowledged Lakra's concerns and promised an amicable resolution.
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.
India's Goods and Services Tax (GST) collections saw a significant 14 per cent increase in June, reaching approximately Rs 1.95 lakh crore. This surge was primarily driven by a substantial 34.6 per cent growth in tax mop-up from imports, alongside a 6.5 per cent rise in domestic supplies, reflecting the country's economic resilience despite global uncertainties.
'With this deal, we may see even 50 launches a year within the next few years.'
