Foreign Currency Non-Resident (Bank), or FCNR (B), deposits mobilised under the Reserve Bank of India's (RBI's) concessional swap facility may have already surpassed the amount raised during the 2013 scheme in just about 45 days, prompting SBI Research to sharply raise its estimate for inflows under the facility to $65-70 billion.
Inflows into foreign currency non-resident (bank), or FCNR (B), deposits have significantly underperformed market expectations, leading to a more than 1 per cent depreciation of the rupee against the dollar this week. Analysts point to fading RBI support measures, tepid interest due to rising global bond yields, and narrowing interest rate spreads compared to 2013 as key challenges.
Nothing has expanded its smartphone portfolio with the launch of the Nothing Phone (4b), a feature-packed mid-range handset that combines a Snapdragon processor, a large 6,000mAh battery, dual rear cameras and the brand's signature Glyph Bar design.
State-owned Bank of Baroda (BoB) reported a 72 per cent year-on-year (Y-o-Y) drop in net profit to 1,278 crore for Q1FY27 due to a $600 million out-of-court settlement related to NMC Health Plc. In contrast, Bank of India (BoI) saw its net profit rise by 36.23 per cent Y-o-Y to 3,068 crore for the same quarter, driven by healthy loan growth and improved asset quality.
FIFA's proposal to create a $20 billion subsidiary for the World Cup, offering up to 20% stakes to external investors, aims to democratise global football finance but has been condemned by UEFA as selling the game's "soul."
The H-1B visa once symbolised the American Dream for Indians, but today's students are increasingly asking whether they need America at all. In 1995, the question was: How do I get to America? In 2026, it may be: Do I need to?
A 23-year-old B Tech gold medallist in Kanpur died by suicide, leaving a note apologising for his inability to secure a government job despite numerous attempts. His family stated he was under severe stress after failing competitive examinations for various sectors. Police are investigating the incident.
Paraguayan Senator Celeste Amarilla escalated her feud with French footballer Kylian Mbappe, calling him a "son of a b****" during a Senate speech. This follows an incident where Mbappe allegedly refused to shake goalkeeper Orlando Gill's hand after a FIFA World Cup match. Amarilla also claimed Mbappe called her "despicable," while France coach Didier Deschamps stated the controversy hasn't affected Mbappe's focus.
The US Department of Labour's Office of the Inspector General has initiated an investigation into alleged fraud in H-1B and PERM work visa programmes. Indian IT firm Cognizant is among the companies under scrutiny for widespread schemes involving fraudulent applications, exploitation of foreign workers, and undercutting American labour. The probe aims to dismantle networks exploiting the guest worker visa system.
The announcement comes after a massive fire ripped through the Flourish Stay B&B on Wednesday morning, leaving 21 people dead, including 11 foreign nationals, and several injured.
India's Senior B and Men's A bridge teams have successfully advanced to the semifinals of the fifth Asia Cup Bridge Championship, held in Panaji. The Senior B team topped the Swiss league, while the Men's A team secured a third-place finish, setting the stage for Friday's knockout rounds.
Market participants are keenly awaiting regular, preferably weekly, updates from the Reserve Bank of India (RBI) on Foreign Currency Non-Resident (Bank), or FCNR (B), deposits, following the central bank's directive for banks to submit daily data on these inflows.
Ruben Vargas and Johan Manzambi scored second-half goals as Switzerland beat Canada 2-1 on Wednesday to qualify for the knock-out stage of the World Cup as Group B winners, with the tournament co-hosts also progressing as runners-up.
Former champions India began their World Team Snooker Championship campaign with a narrow 2-3 defeat to hosts China 'B'. The loss in the opening Group 'B' match means India must win their next game against Turkey to stay in contention. Aditya Mehta lost the deciding frame to Zhou Jinhao after Pankaj Advani had earlier levelled the scores.
South Africa reached the FIFA World Cup knockout stage for the first time after a 1-0 win over South Korea.
The US is reportedly considering a USD 100,000 fee for Optional Practical Training (OPT) visas, which allow international students to work in the US after graduation. This move by the Trump administration follows a rejected H1-B visa fee proposal and could significantly impact foreign graduates and tech companies. The Department of Homeland Security is also exploring a USD 100,000 bond for green card applicants.
The 16th Hockey India Junior Men National Championship is set to begin in Coimbatore, featuring 30 teams across three divisions. The tournament includes a promotion and relegation system, adding competitive intensity as teams vie for the national title and advancement between divisions.
A US federal judge has ruled that the USD 100,000 fee imposed by former President Donald Trump for H-1B visa applications was unlawful, as it lacked congressional approval. The ruling states the fee was a tax, exceeding the administration's authority and impacting skilled global talent.
India is projected to attract between $80 and $85 billion through the Reserve Bank of India's (RBI) concessional swap facility, designed to boost foreign currency inflows, according to an SBI research report.
India's wheelchair women's 3x3 basketball team suffered a significant 1-16 defeat against Wales in their opening Group B match at the Commonwealth Games, struggling to match their opponents' intensity and scoring efficiency.
India's men's lawn bowls pair, Navneet Singh and Dinesh Kumar, secured their third consecutive victory at the Commonwealth Games by defeating Botswana in a tense tie-break. The duo showcased strong coordination and resilience, maintaining their perfect record and significantly boosting their chances of advancing to the knockout stage.
Kovai Kings, a Tamil Nadu Premier League team, has secured VIDA as its title partner for the 2026 season. The team, now rebranded as VIDA Kovai Kings, also unveiled its new official jersey and will be led by M Shahrukh Khan and B Sai Sudharsan. This partnership aims to combine high performance with innovation and sustainability.
India's Rupa Rani Tirkey and Pinki Singh experienced a defeat against Namibia in the lawn bowls women's pairs sectional event at the Commonwealth Games, ending their three-match winning streak. The Indian duo lost a tie-break 0-3 after splitting sets, and now face England in a crucial match to determine their semi-final qualification.
India's banking system liquidity has fallen to its lowest level in over three weeks, driven by robust credit growth and potential RBI intervention in the foreign exchange market, according to the latest data from the Reserve Bank of India.
India's top-seeded men's and women's table tennis teams secured identical 3-0 victories over Zimbabwe and Maldives, respectively, marking a commanding start to their campaign at the 22nd Commonwealth Table Tennis Championships in New Delhi.
Indian swimmer Srihari Nataraj has qualified for the men's 50m backstroke semifinals in Glasgow, finishing joint 14th. Additionally, para-swimmers R V V B K Budigina and Imam Ali have advanced to the finals of the 100m freestyle S13 event.
India's women's wheelchair 3x3 basketball team was eliminated from the Commonwealth Games after a narrow 6-7 loss to Nigeria. This defeat marked their third consecutive loss, placing them at the bottom of Pool B in their debut appearance at the Games.
The Supreme Court has formally acquitted former Prime Minister Manmohan Singh in a high-profile coal block allocation case, setting aside a summoning order against him and accepting the CBI's closure report.
Indian shot putters Tajinderpal Singh Toor and Samardeep Singh Gill have successfully qualified for the final round of the Commonwealth Games. Toor breached the 20m automatic qualification mark with a throw of 20.14m, while Gill secured his spot with a best throw of 19.95m, finishing fifth overall.
Central tax authorities detected input tax credit (ITC) fraud worth Rs 74,781.56 crore across 30,162 cases in FY26, more than doubling the number of cases from the previous year, according to the Ministry of Finance.
Indian men's and women's table tennis teams began their 22nd Commonwealth Table Tennis Championships campaign with dominant 3-0 victories over Zimbabwe and Maldives respectively. The hosts showcased strong performances, with key players like Manav Thakkar, Harmeet Desai, Payas Jain, Sutirtha Mukherjee, Yashaswini Ghorpade, and Swastika Ghosh securing comfortable wins. Other nations also saw action, including a surprising close call for top-seeded Singapore against Sri Lanka.
Social media sensation Niharika NM is poised to make a Bollywood debut in Bhai Tera Star Hai alongside Raghav Juyal.
India's Rupa Rani Tirkey and Pinki Singh secured their third consecutive victory in the women's pairs Lawn Bowls at the Commonwealth Games, defeating Tonga in a tie-breaker to stay on course for the semifinals. Meanwhile, Putul Sonowal experienced his first defeat in the men's singles, losing to Malaysia's Izzat Shameer Dzulkeple after two initial wins.
Hepatitis is a condition that causes the liver to become inflamed. Make sure you treat it early.
Sarvam AI, an Indian full-stack sovereign artificial intelligence company, has achieved unicorn status after raising $234 million in a Series B funding round led by HCLTech and Bessemer Venture Partners, with HCLTech acquiring a 10.46 per cent stake.
Indian long jumpers M Sreeshankar and Lokesh Sathyanathan have successfully qualified for the men's long jump final at the Commonwealth Games. Sreeshankar achieved direct qualification by surpassing the 8m standard, while Sathyanathan advanced as one of the top-12 performers. Sreeshankar, recovering from a career-threatening injury, expressed excitement despite challenging conditions.
India is sending a strong contingent, including world champion D Gukesh, R Praggnanandhaa, and R Vaishali, to the FIDE Chess Olympiad in Samarkand from September 16 to 27.
India's women's Lawn Bowls pair, Rupa Rani Tirkey and Pinki Singh, secured their second consecutive victory at the Commonwealth Games in Glasgow, defeating South Africa 2-0. This win places them at the top of Section B standings, following a tense tie-break victory against Malta in their opening match. The article also provides context on the roles of 'Skip' and 'Lead' in Lawn Bowls and notes the exclusion of Fours events from the Glasgow Games, where India had previously won medals.
Indian swimmer Srihari Nataraj has qualified for the 100m backstroke semifinals at the Commonwealth Games, finishing 13th overall. However, veteran Sajan Prakash failed to advance past the Heats in the 50m butterfly event. In para-swimming, R.V.V.B.K. Budigina and Ali Imam both reached the finals of the men's 50m freestyle.
Indian lawn bowls duo Rupa Rani Tirkey and Pinki Singh defeated Tonga 2-0 in a tie-breaker during the women's pairs sectional play at the Commonwealth Games, maintaining their strong performance and staying on track for a semifinal berth.
