Fitch Ratings has affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, acknowledging robust growth prospects and strong external finances. However, the agency highlighted concerns over elevated government debt, lagging structural metrics, and potential fiscal spending pressures due to rising youth unemployment.
A woman in Barabanki, Uttar Pradesh, allegedly died after being tied to a pillar for 10 days as part of "faith healing" rituals for her mental illness. Her husband, a self-styled godman, and an associate have been arrested following a complaint from her father.
The Tamil Nadu Assembly has adopted a resolution, moved by Chief Minister C Joseph Vijay, urging the Union government to permanently fix the Lok Sabha strength at 543 and implement 33 per cent women's reservation by 2029. The resolution also opposes delimitation that could disadvantage states successful in population control.
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Metals and mining conglomerate Vedanta aims to achieve $10 billion in group Ebitda by FY27, a significant increase from $6 billion in FY26, and plans to reduce its overall debt by more than 20,000 crore during the same period, according to CFO Ajay Goel.
The Maharashtra government has banned 114 items of literature from terrorist organisations like Islamic State and Al Qaeda, citing their role in glorifying extremism, promoting radicalisation, and threatening India's sovereignty and public order. The ban, issued via a gazette notification, follows intelligence inputs and ATS investigations into the circulation of such propaganda material.
The Supreme Court, hearing pleas on the Shiv Sena split, observed that a political party retains control over its legislature wing and its valid decisions must prevail, but also advocated for granting 'elbow room' to elected representatives for political decisions if a majority 'genuinely disagree' with party directions.
The Allahabad High Court has temporarily restrained an Arya Samaj temple in Lucknow from solemnising marriages or issuing certificates, citing serious concerns over its alleged failure to verify the legal age of couples. The court's order came during a hearing of a protection petition, where it was revealed that a petitioner's age was misrepresented in the marriage certificate despite Aadhaar card evidence. The court emphasised legal liability for those involved in underage marriages and questioned the temple's adherence to foundational values.
A Juvenile Justice Board in Bareilly has found a minor girl guilty of murdering her five-year-old brother. The boy was allegedly killed after he caught his sister in a compromising position with a man and threatened to tell their mother. The girl's alleged lover has already been sentenced to life imprisonment in connection with the same case. The board will issue a separate order on the quantum of punishment for the juvenile.
The Jawaharlal Nehru University Students' Union (JNUSU) successfully protested an event featuring an ISKCON representative at the university's central library, leading to its cancellation. The JNUSU cited university rules prohibiting religious organisations from holding events on campus, a concern they had previously raised regarding ISKCON's activities.
The pilot-in-command of an Air India Phuket-Delhi flight that experienced a sudden 300-foot altitude drop last week has tested positive for a psychoactive substance, identified by sources as marijuana, in a confirmatory test. This development comes as Civil Aviation Minister K Rammohan Naidu met with Air India executives to discuss the serious incident, which left 24 people injured.
Two-time Olympic medallist PV Sindhu has been seeded ninth in women's singles, while the men's doubles pair of Satwiksairaj Rankireddy and Chirag Shetty received the fifth seeding for the upcoming BWF World Championships. India has seeded entries in four out of five categories, including Lakshya Sen and the mixed doubles pair of Dhruv Kapila and Tanisha Crasto. The draw for the championships, set to be held in New Delhi from August 17-23, will take place on Wednesday.
'...as we believe with the adoption of AI, our IT services companies' revenue models will have to undergo a reset, which may in turn impact their potential for earnings growth.'
The Maharashtra government has approved the deployment of sovereign artificial intelligence solutions from Sarvam AI for its departments, with a two-year outlay of Rs 11.26 crore. This initiative includes the Indus AI workspace for 2,500 users, ensuring government data remains within India, along with citizen outreach agents and speech models for the MahaAI platform.
Understanding the most common mistakes during market downturns can help you protect your investments and stay focused on your long-term financial goals, says Ramalingam Kalirajan
Australia's head coach Andrew McDonald discusses how the Indian Premier League (IPL) can be integrated into the national team's demanding international schedule, emphasising the need for workload management, especially for fast bowlers. He highlights the IPL's benefits for player development while acknowledging the challenges of a packed calendar including major Test series and ICC events.
Lodha Developers plans to generate approximately 10,000 crore in sales over the next three to four years by monetising about 150 acres of land at its data centre park in Palava, part of the Mumbai metropolitan region (MMR). This strategy is a planned recurring pillar of their business, funding the build-out of 1 gigawatt of powered shell capacity and aiming for over 2,000 crore in annual rental income by FY32.
Experienced wicketkeeper-batter Litton Das has been appointed as the new One Day International captain for Bangladesh, succeeding Mehidy Hasan Miraz. This move comes as the team begins its preparations and build-up for the 2027 Cricket World Cup.
Gangster Chota Rajan has been sentenced to seven years' imprisonment by a special CBI court in Chennai for obtaining a passport using forged documents. The conviction follows a 22-year legal battle, with Rajan having assumed the identity of Vijaya Kadam.
Infosys has revised down the upper end of its revenue growth target for financial year 2027 (FY27) to 1.5-3 per cent, from the earlier 1.5-3.5 per cent, attributing the change to persistent macroeconomic uncertainty and a one-time client impact.
Shares of major private lenders, including HDFC Bank, Axis Bank, and Kotak Mahindra Bank, experienced a sharp selloff after their June-quarter results indicated persistent pressure on net interest margins (NIMs), despite healthy credit growth. This decline overshadowed gains in ICICI Bank and Punjab National Bank (PNB), which reported resilient or stronger-than-expected earnings.
A meeting of Tamil Nadu MPs, led by Chief Minister C Joseph Vijay, unanimously decided to oppose the Union government's proposed delimitation exercise, demanding its complete withdrawal and an extension of the delimitation freeze for another 25 years.
While charger deployment is yet to begin, the scheme has supported the sale of 2.65 million EVs as of July 22.
The Supreme Court of India has expanded the scope of Section 498A of the Indian Penal Code, ruling that the provision dealing with cruelty by a husband or his relatives also applies to partners in live-in relationships. This landmark decision clarifies that a man in a live-in relationship can be prosecuted for cruelty if the relationship is "in the nature of marriage," aiming to prevent domestic violence and ensure legal protection for women in such unions.
Indian Hotels Company (IHCL) reported a healthy 14.6 per cent consolidated revenue growth in Q1 FY27, largely driven by a robust 17.6 per cent increase in domestic operations, offsetting geopolitical disruptions. Brokerages anticipate sustained growth, with Motilal Oswal Research projecting 12-14 per cent growth in FY27, supported by strong leisure demand and an asset-light expansion pipeline.
A coalition of 25 Democratic-ruled US states has filed a lawsuit against the Trump administration's decision to impose new tariffs on 60 economies, including India. The states contend that these tariffs, ostensibly aimed at combating forced labour, are illegal taxes that will raise costs for consumers and businesses, and were implemented without proper legal justification.
The Supreme Court has questioned the amended constitution of the Shiv Sena, observing that it appeared to have made the party 'virtually a one-person structure' and raising concerns about democratic functioning within political parties.
Meta Platforms CEO Mark Zuckerberg has issued an apology for the temporary removal of Prime Minister Narendra Modi's Facebook post, while company executives acknowledged significant content moderation failures, including issues with child sexual abuse material, deepfakes, and the paid boosting of certain content.
The Ayodhya Development Authority (ADA) has granted Supriya Mishra, wife of Luv Kush Mishra, who is accused in the Ram temple donation case, an additional week to provide documents for a house in her name that is under construction in Ayodhya's Saadatganj area, the police said.
Public-sector banks (PSBs) have reported a substantial increase in non-interest income for Q1FY27, primarily driven by the sale of Priority Sector Lending Certificates (PSLCs) backed by their rapidly expanding gold loan portfolios. This strategy has allowed several lenders to book significant profits by exceeding priority sector lending targets.
The Rajasthan high court has granted 20-day parole to self-styled "godman" Asaram, who is serving a life sentence in a 2013 case of sexually assaulting a minor, saying the state government failed to justify its decision to reject his parole application.
A recent SBI Economic Research report indicates that the significant gap between credit and deposit growth, currently over 530 basis points, is likely to persist if geopolitical risks and external supply shocks continue. However, an improvement in deposit growth is anticipated with inflows into foreign currency non-resident (bank) deposits.
'Healthy double-digit returns are still possible, though a sharp rally is unlikely.'
'If I was with the team, I would pick bowlers who I feel can pick wickets and win matches for me with the ball.'
Bharti Airtel, India's second-largest telecom operator, reported a 37.3 per cent rise in consolidated net profit to 8,167 crore for Q1 FY27, driven by the addition of high-paying premium customers, despite missing Bloomberg consensus estimates.
Kala Chana Guguni is a Bihar staple. It surfaces at family gatherings or festive celebrations. And is usually whipped up when guests come visiting and homes are filled with laughter and stories.
The Supreme Court has permitted Muslims to offer Friday prayers at a site adjacent to the Bhojshala-Kamal Maula complex in Dhar, Madhya Pradesh, following a High Court ruling that declared the complex a temple. This decision allowed prayers to resume after a previous ASI order was quashed.
The Supreme Court has stated that a complete ban on pellet guns is not possible as long as existing advisories permit their use for crowd control in exceptional circumstances by security agencies. However, the court clarified that allegations of specific misuse can be examined on a case-by-case basis, particularly in light of recent protests against the NEET paper leak.
Joe Root has been reappointed as England's Test captain, marking his return to the leadership role, while former New Zealand batter Stephen Fleming has been named the new head coach, following the departures of Ben Stokes and Brendon McCullum.
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.
