India's foreign exchange reserves have surged by $12.42 billion, reaching a new all-time high of $729.33 billion for the week ended August 21, driven by increases in foreign currency assets and gold reserves.
The Durand Cup, Asia's oldest football tournament, will commence on July 25 and conclude on August 23. This edition will feature 24 teams, including two foreign sides, with matches spread across five cities, including debutant host Ranchi. The tournament continues to be a vital platform for Indian football talent.
India concluded the 5th Asia Cup Bridge Championship with a total of four medals, including three silver and one bronze. While Hong Kong China, Indonesia, China, and Australia claimed gold in team categories, India secured silver in both team and pair events, showcasing a strong performance in the regional competition.
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.
'India is vulnerable to the West Asia crisis in three ways: Energy costs, the business Indian companies conduct in the region, and remittances from the Indian diaspora.'
The 5th Bonus Asia Cup Bridge Championships are set to begin in Goa, featuring nearly 300 players from 16 countries. Defending champions India will compete across various categories, facing strong contenders like Hong Kong and Indonesia. The event, described as the "Asian Games of bridge," highlights India's growing role in the sport.
India's senior bridge teams, both A and B, have made an impressive start at the fifth Asia Cup Bridge Championship in Goa, positioning themselves among the top contenders after the opening day. While the senior teams excelled, the women's teams faced a challenging start.
The government has withdrawn most provisions of the emergency natural gas supply regulation order imposed during the West Asia conflict after liquefied natural gas (LNG) shipments through the Strait of Hormuz resumed following a ceasefire.
Gold and silver prices are expected to continue their upward trend next week, driven by anticipation of key US inflation data and Federal Reserve signals, though profit-booking may occur at higher levels.
India's remittance inflows have remained robust despite the West Asia conflict, driven by precautionary transfers and diversification of remittance sources, with bankers expecting continued stability for the year.
FC Goa has been drawn into a challenging group for the AFC Challenge League 2026-27, Asia's third-tier men's club competition. They will face Qadsia SC of Kuwait, Fortis FC of Bangladesh, and FC Regar-TadAZ of Tajikistan in Group C, with matches hosted in Kuwait. This follows their recent exit from the AFC Champions League 2 preliminary stage.
India's junior badminton team was eliminated from the Badminton Asia Junior Mixed Team Championship after a 1-2 loss to Hong Kong in the quarterfinals. Despite a strong start in the opening match, India could not maintain their lead and ultimately fell short in the decider.
'One important clarification is that the reported US action is not a blanket cancellation of all US tourist visas.'
'India was the emirate's largest international source market by hotel guest volume.'
Japan is deepening its defence relationship with India while simultaneously expanding its economic, infrastructure and security engagement with countries around India -- particularly Bangladesh. The result is an emerging Japanese conception of South Asia in which India remains the strategic anchor, but the geography surrounding India is becoming increasingly important, points out Varun Arya.
Former Chief Economic Adviser Krishnamurthy V Subramanian outlines India's strategy to become a USD 55 trillion economy by 2047. The plan hinges on leveraging its young demographic in AI, dominating sunrise sectors like space and defence tech, attracting FDI, and achieving sustained 8% GDP growth.
Pakistan is set to host the 14th South Asian Games in April next year across Islamabad, Lahore, and Peshawar, after a six-year delay. While the South Asia Olympic Council has approved the dates and venues, India's participation remains uncertain due to political tensions, despite its representative attending the planning meeting.
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.
Indian companies' overseas expansion plans are holding strong despite geopolitical tensions in West Asia, driven by structural factors like supply-chain diversification, free trade agreements, and market expansion, according to Ajay Sharma, managing director and head of banking at HSBC India.
Indian startup funding plummeted by 43 per cent year-on-year to $7.81 billion between March 1 and June 15, 2026, largely due to the West Asia conflict, which has amplified global risk perceptions, tightened liquidity, and led to rupee depreciation, making global investors cautious.
Indian badminton players, led by Dhyan Santosh's upset victory, showcased a strong performance in the first round of the Badminton Asia Junior Championships.
Pakistan's army chief held a series of engagements with Iranian leaders in Tehran as regional diplomacy remained in focus.
US President Donald Trump has lauded India as an 'essential partner' and 'trusted ally' in addressing regional challenges, particularly its 'big role' in West Asia peace efforts, following discussions with Prime Minister Narendra Modi at the G7 Summit.
'In the current environment, India is effectively paying a premium for supply security and diversification.'
Iran's Islamic Revolutionary Guard Corps (IRGC) on Saturday (local time) announced the closure of the Strait of Hormuz "until further notice," stating that the strategic waterway would remain shut until the United States ends its "interference" in the West Asia region, Press TV reported.
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 OCA has asked India and other national Olympic bodies not to seek late additions to their Asian Games contingents as Japan struggles to accommodate more than 15,000 participants.
The Hyderabad AI factory is being designed to run some of the world's largest and most sophisticated AI models, including trillion-parameter models and next-generation agentic AI applications.
Lieutenant General Apti Alaudinov, deputy chief of the Russian Armed Forces' Main Military-Political Department, has warned that the escalating conflict in West Asia could lead to Israel ceasing to exist as a state, accusing Israel of seeking to widen the confrontation to involve the US and NATO.
A Goldman Sachs report indicates that US and Indian equity markets are becoming less attractive due to lower free cash flow (FCF) yields as valuations rise, while European markets offer significantly higher yields. Concurrently, India's top-listed residential real estate developers experienced a moderation in pre-sales in Q1FY27, attributed to delayed project approvals, limited launches, and high year-ago bases, though underlying housing demand remains healthy.
Mumbai-born Indian youth international Yohaan Benjamin has signed a two-year deal with Portuguese club Guarda FC, marking a significant step in his European football career. This move aligns with Guarda FC's strategy to develop talent from emerging football markets like India. Benjamin, a midfielder, previously played for Shillong Lajong, where he achieved success in the Shillong Premier League.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, driven by a surge in Brent crude oil prices above USD 91 per barrel due to escalating tensions between Iran and the US, alongside an increase in US 10-year bond yields. Track Sensex, Nifty on August 18.
In many ways, 17th century India occupied a position in the global economy comparable to that of the United States today. Just as millions of people now look towards America because of its economic opportunities, merchants, adventurers and trading companies once looked towards India.
Indian batter Jemimah Rodrigues has been ruled out of The Hundred tournament due to a hamstring injury. This injury puts her participation in the upcoming Women's T20 Asia Cup in doubt, as she has less than three weeks to recover.
India's sub-junior men's and women's hockey teams secured impressive victories at the FIH Youth Hockey5s Asian Championship in Muscat, extending their unbeaten runs. The women's team thrashed Kazakhstan 10-0, while the men's team defeated Bangladesh 8-3, showcasing strong performances in the tournament which serves as a World Cup qualifier.
American tennis stars Jessica Pegula and Frances Tiafoe acknowledge significant progress in diversity within tennis, citing increased representation across various demographics and global participation, yet both highlight the persistent challenge of affordability and access for aspiring young players.
Sony Pictures Networks India (SPNI) has seen its revenue grow by over 9 per cent to 7,064 crore, driven by the strong performance of SonyLIV, Sony SAB, and Sony Entertainment Television (SET), said Gaurav Banerjee, head of SPNI.
Indian Seniors have taken the lead in their section at the 5th Asia Cup Bridge Championship in Panaji, while China has shown strong dominance across other categories. India's "A" and "B" teams are also in contention for a podium finish, with the tournament progressing towards the semifinal rounds.
Infosys has confirmed that Lax Gopisetty, chief of its subsidiary Infosys Public Services, is unreachable following devastating floods in Nepal. Gopisetty was visiting the region personally, and Infosys is working with agencies and his family to ensure his safety. The Ministry of External Affairs also reported hundreds of Indians missing or stranded due to the floods, with India offering assistance to Nepal.
India's Vivaan Vishal and Turkmenistan's Shohradova Lala won the Open and Girls sections, respectively, at the Asian Junior Rapid Chess Championship in Mumbai. Vivaan secured his title with a strong finish, while Shohradova claimed victory after a tie-break against India's Pratitee Bordoloi. The event now moves to the Classical Championship.
