The Reserve Bank of India (RBI) has increased its GDP growth forecast for the current fiscal year (FY27) by 40 basis points to 7.1 per cent, acknowledging the resilience of domestic economic activity despite global headwinds and geopolitical tensions.
The Olympic Council of Asia has advised national bodies, including India, to limit their contingent sizes for the upcoming Asian Games in Aichi-Nagoya, Japan, due to the host nation's inability to accommodate more than 15,000 participants. This impacts support staff numbers, with India's contingent of 492 athletes requiring strict adherence to the 33% support staff cap. Organisers are implementing innovative accommodation solutions like container huts and a cruise ship.
India's Asian Games medal-winning boxers, including gold medallists Ankush Panghal, Parveen Hooda, and Lovlina Borgohain, received a grand welcome at the New Delhi airport. The team's performance, securing three golds and three bronzes, was lauded by BFI president Ajay Singh and coach Santiago Nieva, highlighting their strong preparation for the upcoming Olympics.
Pakistan's Prime Minister Shehbaz Sharif used his UN General Assembly address to thank former US President Donald Trump for his "timely intervention" in the 2025 conflict with India, a claim India consistently denies. Sharif also raised the Kashmir issue and discussed the Indus Waters Treaty, while touting Pakistan's role in mediating US-Iran peace.
'Elevated crude prices and unchanged domestic fuel prices would put pressure on the profitability and cash flows of OMCs.'
GMR Aero Technic (GAT) and StandardAero have signed an agreement to establish an authorised service centre in India for on-wing engine support in the Asia-Pacific (APAC) region. This partnership aims to combine StandardAero's engine aftermarket expertise with GMR Aero Technic's MRO capabilities, offering a comprehensive range of specialised engine maintenance services to minimise aircraft downtime and enhance operational efficiency for airlines and operators in the region.
Former US National Security Adviser John Bolton has stated that China is not prepared to back India's bid for a permanent seat on the UN Security Council. He highlighted that any expansion of permanent membership would require a UN Charter amendment, which China could veto. Bolton also discussed the broader institutional challenges facing the UN and suggested that regime change in Iran is crucial for long-term stability in West Asia, linking Houthi attacks to Iran's "ring of fire" strategy.
Japan inaugurated the 20th Asian Games in Nagoya with a vibrant opening ceremony that seamlessly blended advanced technology and rich cultural traditions, despite earlier organisational challenges.
Indian benchmark indices Sensex and Nifty saw a significant rebound in early trade, driven by a sharp decline in crude oil prices and easing geopolitical tensions in the West Asia, which improved market sentiment and reduced inflation fears. Track Sensex, Nifty on July 27.
US President Donald Trump has expressed strong support for the India-Middle East-Europe Economic Corridor (IMEEC), citing the necessity to move energy infrastructure away from Iranian checkpoints following attacks in West Asia. He made these remarks during a multilateral meeting with the Gulf Cooperation Council at the UN General Assembly, emphasising the corridor's role in overcoming regional challenges.
World champions India, featuring a strong line-up of T20 stars, are set to face Pakistan in the men's gold-medal cricket clash at the Asian Games, a match where a silver medal would be considered a 'royal embarrassment' for India.
Indian benchmark indices Sensex and Nifty extended their losses for the fourth consecutive session, with the Sensex declining 363.66 points and the Nifty dipping 126.65 points, primarily due to a sharp jump in Brent crude oil prices to USD 98.32 per barrel amid escalating tensions in West Asia.
Seven para-cyclists, recommended by the national federation for the Asian Para Games, were largely omitted by the Sports Ministry, with only one receiving approval. The excluded athletes are planning a protest, alleging discrimination, while the Sports Authority of India (SAI) maintains selections were based strictly on performance criteria.
Economy passengers are paying more year-on-year while business travellers are paying less.
Indian benchmark indices, Sensex and Nifty, experienced a significant downturn as escalating tensions in West Asia led to a sharp surge in crude oil prices, coupled with fresh foreign fund outflows and a weakening rupee.
Indian Hotels Company (IHCL) reported a 20.8 per cent year-on-year rise in net profit for Q1 FY27, reaching 357.9 crore, despite macroeconomic headwinds like geopolitical tensions in West Asia impacting international travel and airline catering business.
Alpine managing director Steve Nielsen, a veteran of Formula 1 since 1985, shares insights into his four-decade career, the sport's evolution from a niche interest to a global powerhouse, and the roles of Bernie Ecclestone and Liberty Media in its growth. He also discusses the potential return of the Indian Grand Prix, highlighting India's significant F1 fanbase.
Indian spinner Shree Charani has made history by becoming the first Indian woman to claim more than 35 T20I wickets in a single calendar year, reaching her 36th wicket during the Women's Asia Cup final against Sri Lanka.
Indian spinner Shree Charani has maintained her top position in the ICC Women's T20I Player Rankings with a career-best 804 rating points, while compatriot Deepti Sharma has risen four places to second, following their stellar performances in the Women's T20 Asia Cup.
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.
India's Goods and Services Tax (GST) receipts, after accounting for refunds, surged by 18.1 per cent annually to approximately 1.77 trillion in September, marking its fastest growth in six months. This increase was primarily driven by a significant rise in tax revenue from imports, which grew 26 per cent annually.
India's women's cricket team is set to face Sri Lanka in the Asian Games final, aiming to secure a gold medal and extend their continental dominance. While India enters as favourites with strong performances, Sri Lanka, led by Chamari Athapaththu, will look to challenge their supremacy in what promises to be an exciting clash.
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.
Global payments solution major Mastercard has fully exited Indian fintech firm Pine Labs, selling its entire 4.31 per cent stake for Rs 933 crore through block deals on the BSE.
An urban map of the largest cities in the world, by population, in the early 1700s looked almost empty by today's standards.
The Indian Olympic Association (IOA) has announced that its new Executive Council will be elected on December 5, with Sanjay Kumar Srivastava appointed as the returning officer. The electoral process, which includes elections for the Athletes' Commission on November 3 and selection of Sportspersons of Merit (SOMs), will adhere to national sports governance acts and the amended IOA Constitution. The new council will serve a four-year term (2026-2030), with current President PT Usha highlighting the importance of good governance as India eyes hosting the 2036 Olympic Games.
Iranian President Masoud Pezeshkian arrived in New Delhi for the BRICS summit, where he is scheduled to hold bilateral talks with Prime Minister Narendra Modi to enhance trade and strengthen overall relations. His visit is particularly significant given the heightened tensions in West Asia and recent US economic sanctions against Iran. Pezeshkian highlighted BRICS' role in fostering economic resilience and reducing dependence on the US dollar, while the summit itself aims to address global challenges and bolster collective resilience in critical sectors.
Punjab Chief Minister Bhagwant Mann has issued directives to various departments to ensure top-tier arrangements for the Asian Champions Trophy hockey tournament, set to take place in Jalandhar and Mohali from October 27 to November 5. Mann emphasised the need for world-class facilities, robust security, and comprehensive crowd management, while also calling for a statewide trophy tour and student participation to foster public enthusiasm and showcase Punjab's rich sporting heritage. He personally inspected venues and stressed the importance of cleanliness, beautification, and hospitality for international delegations.
The Indian women's cricket team, fresh from their T20 Asia Cup victory, has arrived in Japan for the Asian Games, aiming to defend their gold medal. Coach Amol Muzumdar emphasised the importance of embracing the multi-sport event atmosphere, while key player Shree Charani's strong form boosts the team's prospects ahead of their quarterfinal match against Japan on September 18.
Madhya Pradesh Chief Minister Mohan Yadav released two cheetahs, Vyom and Neera, into the Veerangana Durgavati Tiger Reserve, making it the state's third cheetah habitat. This expansion is part of India's Cheetah Project, which has seen the big cat population grow to 60. The initiative aims to boost wildlife tourism and local economies, with the government also supporting villagers through revenue sharing and homestay schemes.
Defending champions India's women's cricket team is set to face Bangladesh in the Asian Games semifinal. With a dominant head-to-head record, India aims to continue their winning streak, while Bangladesh will rely on their spinners to challenge the strong Indian batting lineup for a spot in the final.
India successfully facilitated a significant diplomatic meeting between Iranian President Masoud Pezeshkian and UAE Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan on the sidelines of the BRICS Summit in New Delhi. This interaction, a diplomatic breakthrough given ongoing West Asia conflicts, occurred as BRICS adopted a declaration urging restraint and protection of civilians in the region, highlighting the bloc's commitment to peace and stability.
India women's team seamer Kranti Gaud has been fined 10 per cent of her match fee and received one demerit point by the ICC for breaching the Code of Conduct during the T20 Asia Cup final against Sri Lanka. Gaud was penalised for an aggressive gesture after dismissing a batter. Separately, the Pakistan women's team was fined for a slow overrate in their semifinal match.
Smriti Mandhana takes over the captaincy of the Indian women's cricket team after Harmanpreet Kaur's resignation. The article discusses the timing of this elevation for Mandhana, who is considered the country's best batter, and the history of leadership transitions within the team, highlighting potential challenges and the team's aspirations for major tournament victories.
Japan hosted a vibrant opening ceremony for the Asian Games in Nagoya, showcasing its technological advancements and cultural heritage. The event, themed 'Harmonic Heart Beat', welcomed 11,000 athletes from 45 nations, despite prior logistical challenges.
A recent study by IIT Kharagpur researchers reveals that powerful cyclones can significantly impact groundwater quality up to 100 metres below the surface in deep coastal aquifers. Conducted in the climate-vulnerable Sundarbans region, the research highlights how extreme weather events disturb the freshwater-seawater balance, threatening drinking water security and necessitating depth-specific groundwater management strategies.
External Affairs Minister S Jaishankar highlighted that India's primary concern regarding terrorism from its neighbour, Pakistan, if not fully appreciated by partners like the US, negatively impacts bilateral relations. Speaking at the Asia Society, Jaishankar discussed the turbulence in India-US ties, particularly in light of Washington's renewed engagement with Pakistan and the perceived lack of empathy for India's terrorism concerns, especially under the second Trump administration. He emphasized that addressing these sensitivities is crucial for improving the relationship.
The Finance Ministry is set to commence its pre-budget meetings on October 12, initiating preparations for the Union Budget 2027-28, which will be the fourth budget of the Modi 3.0 government and the tenth for Finance Minister Nirmala Sitharaman.
India is set to host five-time world champions Brazil in a historic invitational football friendly in Kolkata. The match, while offering invaluable exposure for the Indian team, has also drawn criticism over its cost and the decision to withdraw from the FIFA ASEAN Cup. The event carries political significance and marks a key step in Brazil's rebuilding process.
Five-time world champions Brazil are set to play India in an invitational friendly at Kolkata's Salt Lake Stadium, marking their first-ever international meeting. The match, while a spectacle for Indian fans, has drawn criticism regarding its cost and impact on Indian football development, with former captain Bhaichung Bhutia questioning its value over long-term investment. For Brazil, it's part of a rebuilding process, while India aims to gain invaluable experience against a top-tier team.
