The FCNR (B) stratagem relies on using public money to defend the rupee. The State subsidises foreign borrowing to attract dollars. This tool requires large-scale borrowing to make a material difference against a gross external flow of $11 billion a day. A commensurately large fiscal cost falls upon the exchequer. The ministry of finance will choose how much it is willing to spend in exchange for this round number, points out Ajay Shah.
Hissi Besra, a promising young golfer, secured the US Kids India (North) title in the Girls 11-12 section with an outstanding round of 5-under 67. The tournament also saw strong performances from other junior golfers like Nihal Cheema, Rayirth Jain, and Drona Singh Dhull, showcasing emerging talent in Indian junior golf.
Veteran Indian shuttler HS Prannoy, along with compatriots Sanskar Saraswat, Tanvi Sharma, Malvika Bansod, Isharani Baruah, Mansi Singh, Rakshitha Sree Santhosh Ramraj, and the mixed doubles pair of Vimalraj Annadurai and Shreya Balaji, have all advanced to the quarterfinals of the Vietnam Open Super 100 badminton tournament. Notable wins include Prannoy's three-game victory and Tanvi Sharma setting up an all-Indian clash with Malvika Bansod.
Second seed Elena Rybakina secured a comfortable 6-3, 6-2 victory over American wildcard Thea Frodin in the first round of the US Open, easing concerns about her recent leg injury. Rybakina, a two-time Grand Slam champion, showed no signs of discomfort as she began her quest for the title and the world number one ranking. Frodin, making her Grand Slam main-draw debut, displayed flashes of brilliance but ultimately couldn't overcome the Australian Open champion.
Ridhima Dilawari extended her overnight lead to two shots after the second round of the tenth leg of the Hero Women's Pro Golf Tour in Kolar. Despite a late double bogey, Dilawari carded a 1-under 71, bringing her total to 5-under 139. Amandeep Drall and Vidhatri Urs are tied for second, two shots behind. Other notable performances include Vani Kapoor in fourth and young Saanvi Somu at even par.
Urban Indian millennials are caught in an algorithmically amplified consumption spiral where social media normalises spending patterns that systematically undermine retirement security.
Prime Minister Narendra Modi hosted Iranian President Masoud Pezeshkian in New Delhi for talks focusing on the West Asia situation, bilateral relations, and BRICS cooperation. The meeting, Pezeshkian's first visit to India as president, comes amidst heightened tensions in West Asia due to new US sanctions on Iran and concerns over global oil supplies from the Strait of Hormuz. Both leaders emphasised regional stability and economic resilience.
Kerala's Ancy Sojan clinched the women's long jump title at the Indian Athletics Series Final, expressing strong confidence for the upcoming Asian Games where she aims to win gold and experience the national anthem on the podium.
Defending champions Alpine APL Pipers, led by World No. 1 Magnus Carlsen and Indian Grandmaster Vidit Gujrathi, defeated FYERS American Gambits 9-7 in a critical Global Chess League match. Carlsen ended Javokhir Sindarov's winning streak, while Gujrathi secured a marathon victory, propelling Pipers closer to a final berth.
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.
Ahead of Xi Jinping's visit, National Security Advisor Ajit Doval and Chinese Foreign Minister Wang Yi held extensive talks in Beijing on August 25 on the boundary issue and reached an eight-point consensus.
Union Communications Minister Jyotiraditya Scindia announced India's ambition to lead the world in 6G mobile technology and become a designer of global technology standards. Speaking at the Global Fintech Fest 2026, Scindia highlighted India's shift from being a technology market to a technology maker, emphasizing progress in 5G rollout, affordable data, and digital infrastructure driving fintech growth, while also stressing the importance of digital security.
Alpine APL Pipers secured the top position in the Global Chess League after defeating PBG Alaskan Knights. However, Ganges Grandmasters and FYERS American Gambits are close contenders. Ganges Grandmasters also had a strong win against the Pipers, while CheQ Mumba Masters kept their final hopes alive with a decisive victory over Triveni Continental Kings, featuring wins from top players like Magnus Carlsen and Levon Aronian.
Grandmaster R Praggnanandhaa began his Zagreb Grand Chess Tour campaign with an aggressive victory over top seed Vincent Keymer, showcasing a masterclass performance. While Praggnanandhaa holds a strong position, World Champion D Gukesh experienced mixed results, and Firouzja Alireza currently leads the tournament.
Linda Noskova eased to a straight sets win over Thailand's Lanlana Tararudee on Wednesday to reach the US Open third round.
Indian benchmark indices, Sensex and Nifty, saw declines in early trade due to escalating crude oil prices and ongoing US-Iran hostilities, which subdued investor risk appetite.
India's women's football team secured their sixth SAFF Women's Championship title, and their first in seven years, by defeating defending champions Bangladesh 3-1 in the final. The team maintained an all-win record throughout the tournament, scoring 18 goals and conceding only one, showcasing a dominant performance.
rediffGURU Anu Krishna recommends being patient, and consulting with a professional to help rebuild intimacy and strengthen communication in the marriage.
'Gurmmeet Singh was extremely sure in his head that the canvas should be bigger. The movie should look big on screen. It should look like the Mirzapur world but at the same time, much bigger.'
At least four to five privately placed infrastructure investment trusts (Invits) are expected to transition to public listings by the end of the 2026-27 financial year, significantly increasing the number of publicly traded Invits to 12-14, according to N S Venkatesh, CEO of the Bharat Invits Association (BIA).
Coco Gauff celebrates the historic U.S. Open semi-final clash between Ben Shelton and Frances Tiafoe, marking the first time two Black American men will compete at this stage in a Grand Slam in the Open Era. Gauff, also in the women's semi-finals, expressed her pride and admiration for Tiafoe's inspiring presence on tour.
Indian wrestlers delivered a strong performance at the Budapest Ranking Series, securing a total of 12 medals.
A Pakistani national and Lashkar-e-Taiba terrorist, Yasir, involved in multiple terror incidents including the 2024 Poonch IAF convoy ambush, has been neutralised by the Indian Army in Yusmarg, central Kashmir. An extensive search operation is underway in the high-altitude Pir Panjal range for a second terrorist, Musa, amidst challenging weather conditions.
Home favourite Coco Gauff successfully began her U.S. Open title defence, defeating Turkey's Zeynep Sonmez 6-3 6-4 in the first round. Gauff, fresh from her Cincinnati Open victory, displayed strong form, overcoming a brief challenge from Sonmez to secure a comfortable win under the lights of Arthur Ashe Stadium.
Pollster Pradeep Gupta predicts the BJP's current political dominance, which began in 2014, is likely to last at least 20 years, drawing parallels with the Congress's long period of power.
Ben Shelton defeated Frances Tiafoe in an electric U.S. Open semi-final, setting up a title clash with Alexander Zverev. Shelton's victory marks a significant moment for American men's tennis, as he aims to become the first American Grand Slam champion since 2003 and the first Black American man to reach the U.S. Open final since Arthur Ashe in 1972.
Independents have secured nearly two-thirds of urban wards in Bharatpur and Deeg districts, Chief Minister Bhajanlal Sharma's home turf, significantly outperforming the BJP and Congress in local body elections. This unexpected surge sets the stage for a political battle as both major parties vie for the support of these Independent councillors to form civic boards.
Jai Jai Ram may not have the lyrical punch of A R Rahman's earlier devotional tracks, but Shreya Ghoshal and Arijit Singh's vocals give this Ramayana anthem the spiritual grandeur it needs.
Tamil Nadu Chief Minister C Joseph Vijay and actor-racer Ajith Kumar, known as 'Thalapathy' and 'Thala' respectively, shared a warm, lingering hug at the iconic Silverstone circuit in the UK.
Smallcap funds topped the net inflow chart for the second consecutive month, as investors poured record Rs 7,973 crore into one of the best-performing MF categories.
Ajeetesh Sandhu has established a two-shot lead after the second round of the Chennai Open, firing a six-under 66 to reach 13-under 131. The Chandigarh golfer is ahead of Stepan Danek and Rashid Khan, with two more rounds to play.
Top seed Grandmaster Abhijeet Gupta secured a decisive victory against Aleksej Alexandrov in the sixth round of the Pune International Grandmaster Round Robin Chess Tournament, maintaining his sole lead. Indian International Masters Aswath S and Kushagra Mohan are in second and third positions, respectively, with three rounds remaining.
Netas are embracing the viral '80s social media trend, sharing AI-generated images and real throwback photos.
The highlight of the successful BRICS Summit was its ability to deliver a joint statement that all members, including Iran and the United Arab Emirates, embroiled in the war in West Asia, signed.
Chinese qualifier Zheng Qinwen stunned six-time major champion Iga Swiatek 7-5, 6-3 after recovering from 0-5 down, extending her remarkable US Open comeback into the quarter-finals.
Carlos Alcaraz left fans stunned after appearing to vomit into his towel during his US Open clash with Ben Shelton.
The captains of India and Pakistan women's cricket teams, Harmanpreet Kaur and Fatima Sana, once again refrained from shaking hands at the toss during their Women's Asia Cup 2026 match in Dubai.
IT services stocks have had tough two years, with prices coming under pressure from 2025 and the sell-off extending through the first half of 2026.
Defending champions India secured their spot in the Junior Asia Cup hockey tournament semifinals with a dominant 15-0 victory over Chinese Taipei. Skipper Anmol Ikka was the star of the match, scoring an incredible six goals, all from penalty corners, as India topped Pool A.
It is important to understand that the rupee's appreciation, driven by the 2013 special swap scheme, reduced India's import costs for petroleum, oil, and gold, points out Dr Ashwani Mahajan, National Co-Convenor, Swadeshi Jagaran Manch.
