NPCI International Payments Ltd (NIPL) and Maldives Monetary Authority (MMA) have successfully integrated the Maldives' instant payment system 'Favara' with India's Unified Payments Interface (UPI). This enables real-time fund transfers from Maldives to UPI-enabled Indian bank accounts, marking a significant step in cross-border digital financial connectivity and bilateral economic cooperation.
'India should hold several high-level chess tournaments that would attract the world's top players so that the country will have a say in the game.'
Bajaj Auto is planning a slow, calibrated push to take the Chetak, its electric scooter, to more than 100 countries on the strength of its distributor network and market-specific localisation rather than an aggressive global rollout, reports Sohini Das.
Mike McCabe, COO and Deputy CEO of the Esports Foundation, believes India has "more potential than any country on the planet" for esports, citing its enormous fan base, improving competitive ecosystem, and evolving policy environment as key drivers for rapid acceleration in the sport.
Gujarat Chief Minister Bhupendra Patel formally received the Commonwealth Games flag, symbolising the official commencement of preparations for Ahmedabad to host the global sporting event in 2030.
Formula One boss Stefano Domenicali heaped praise on teenager Kimi Antonelli on Wednesday as the sport gave itself a glowing half-term report, with sold-out races and booming viewing figures in key markets.
Prime Minister Narendra Modi has introduced a 'Sapta Dhara' (seven-stream) reform framework, aiming to propel India into a developed nation by 2047. This comprehensive plan focuses on key sectors including manufacturing, agro-food processing, technology, logistics, defence, green and blue economy, and soft power, leveraging the nation's youth potential.
FIFA President Gianni Infantino reportedly sought support from the Trump administration following the collapse of his plan to sell a stake in World Cup commercial rights, facing mounting criticism and feeling 'isolated' by negative media coverage.
Streaming has globalised the entertainment industry, enabling artists like Diljit Dosanjh and Arijit Singh to reach diverse international audiences.
Indian drone startup Garuda Aerospace has partnered with Extensee SAS to deploy Airbus' Flexrotor unmanned aerial vehicles internationally. This collaboration aims to leverage Extensee's operational expertise for various long-range autonomous missions, expanding Garuda Aerospace's Drone-as-a-Service offerings globally.
The FIFA World Cup 2026 will conclude with a spectacular closing ceremony at New Jersey Stadium, featuring performances by global superstars like Tom Cruise, Laura Pausini, Nicole Scherzinger, Robbie Williams, and IShowSpeed. Jennifer Hudson will perform the US national anthem. The ceremony will celebrate the journey of 48 teams across three host countries and 16 cities, marking the end of a record-breaking tournament.
Despite a population of 1.45 billion, India's football team is ranked a lowly 138th in the world and failed to qualify for next year's Asian Cup, highlighting deep-rooted systemic issues and a failure to implement reforms that keep the World Cup dream distant for fans.
Parliament was informed that UPI has onboarded 55.49 crore users by June 2026, with transactions reaching 24,162 crore in volume and Rs 314 lakh crore in value in FY 2025-26. The platform, operated by NPCI, is expanding internationally through NIPL, facilitating cross-border payments and assisting other nations in building similar systems. Significant efforts are also underway by the Government, RBI, and NPCI to enhance the security and transparency of UPI transactions, including risk-based limits, security frameworks, and public awareness campaigns against cyber-crime.
The Unified Payments Interface (UPI) has completed a decade since its launch, becoming the backbone of India's digital payments ecosystem. It has seen exponential growth in transaction volume and value, expanding financial inclusion and setting a global benchmark for real-time payments.
GE Aerospace is utilising artificial intelligence solutions, developed by its Bengaluru team, to significantly improve aircraft engine inspection, analytics, and maintenance. These innovations have reduced turnaround times by at least five days, enhancing engine durability, reliability, and time on wing, with specific tools like the AI-enabled Blade Inspection Tool cutting inspection times by 50%.
The US Department of State has signed a Memorandum of Understanding with the Ultimate Fighting Championship (UFC) to launch a public-private partnership aimed at advancing sports diplomacy worldwide. This initiative will leverage UFC's extensive global platform and athletes to engage international audiences, promote cultural exchange, and champion American values such as discipline and perseverance.
The US Department of State has signed a Memorandum of Understanding with the Ultimate Fighting Championship (UFC) to launch a public-private partnership aimed at advancing sports diplomacy worldwide. This initiative will leverage UFC's extensive global platform and athletes to engage international audiences, promote cultural exchange, and champion American values such as discipline and perseverance.
Indian wicketkeeper-batter Rishabh Pant has achieved a significant milestone, becoming the first Indian and fourth overall player to hit 100 sixes in Test cricket.
Rockwell Automation's CEO Blake Moret highlights India as the centrepiece of the company's Asian growth strategy, detailing its four-decade presence, significant employee base, and support for the 'Make in India' initiative. The company sees major opportunities in pharmaceuticals, automotive, food and beverage, and consumer products, with AI playing a crucial role in simplifying industrial automation and boosting productivity for Indian manufacturers, including MSMEs.
Japanese badminton prodigy Tomoka Miyazaki, despite an early exit from the World Championships, is leveraging the experience to refine her game and challenge the sport's top players. Mentored by Akane Yamaguchi, the 20-year-old aims for consistent quarter-final appearances to test her skills against the world's best, while also appreciating her growing global fan base.
Nebex, founded by former Axiom Space executives, aims to build commercial infrastructure for the global space economy.
Union Finance Minister Nirmala Sitharaman announced the government's plan to establish a high-powered committee to examine reforms for the banking sector, aligning it with the vision of a 'Viksit Bharat' (Developed India) and India's next phase of growth.
India's foreign exchange reserves increased by USD 1.08 billion to USD 676.237 billion for the week ended July 17, primarily due to a significant rise in foreign currency assets, despite a drop in gold reserves.
A study by Amazon Ads reveals that nearly 87% of Indian small and medium businesses (SMBs) believe AI has opened up new advertising opportunities, including streaming TV. The research indicates that 75% of surveyed SMBs attribute business growth to AI-enabled advertising, with 68% noting increased creativity. AI is also facilitating international trade for 59% of businesses, though human oversight remains crucial in decision-making.
India's foreign exchange reserves increased by $9.9 billion to $716.9 billion for the week ended August 14, as reported by the Reserve Bank of India (RBI). This surge follows a previous jump of $14.14 billion in the week prior, indicating a robust recovery after a period of decline earlier this year.
Indian all-rounder Ravindra Jadeja has achieved a rare feat in Test cricket, becoming only the fourth player in history to score over 4,000 runs and take 350 wickets. He joins an exclusive club alongside legends like Kapil Dev, Ian Botham, and Daniel Vettori, reaching the milestone during the first Test against Sri Lanka in Galle.
The AM Green Indian Golf Premier League (IGPL) and the Asian Tour have reaffirmed their partnership, aiming to expand playing opportunities and player development for Indian golfers on the international circuit, following successful tournaments in Morocco.
GSTAT has crossed 75,000 filings but disposed of only 83 cases, highlighting the huge backlog facing India's new GST appeals tribunal.
'ISRO will not manufacture any launch vehicles. That will all be done by the private sector or public sector undertakings.'
Argentina, one of football's most successful teams, is also one of its most polarising, inspiring both devotion and irritation due to its history, iconic players like Maradona and Messi, and a national identity often perceived as arrogant by rivals.
Prime Minister Narendra Modi, in his Independence Day address, highlighted technology and innovation as central to India's goal of becoming a developed nation by 2047. He called for India to lead in emerging technologies like AI, quantum computing, and space, announcing a massive AI skilling initiative for one crore youth. Modi stressed the importance of becoming a global innovation hub, bolstering energy security with nuclear power, and strengthening cybersecurity.
Telangana Chief Minister A Revanth Reddy's planned visit to the United States has been denied political clearance by the Ministry of External Affairs (MEA), citing non-conformity with laid down norms, forcing him to cancel the US leg of his 'TelanganaRising' delegation tour and return to Hyderabad earlier than planned.
US Vice-President J D Vance's unexpected phone call to Prime Minister Narendra Modi on August 8 has ignited speculation about a potential diplomatic overture, possibly seeking India's support amidst the escalating US-Iran conflict and a shifting global power landscape, suggests Ambassador M K Bhadrakumar.
Indian benchmark indices Sensex and Nifty closed lower, with the Nifty recording its fourth consecutive day of decline, primarily due to elevated oil prices and ongoing geopolitical tensions between the US and Iran, which dampened investor sentiment.
"With the leverage available, I believe the scheme remains reasonably attractive," said P D Singh, India and South Asia Chief Executive Officer, Standard Chartered Bank, regarding the Foreign Currency Non-Resident (Bank) or FCNR (B) deposits.
Jio Platforms managing director Akash Ambani announced plans for Jio to develop a sovereign Low Earth Orbit (LEO) satellite constellation and partner with global providers to extend connectivity to remote areas of India, aiming to strengthen India's self-reliance in space.
India is significantly expanding its crude oil sourcing to Latin America, with Venezuela emerging as a major supplier, as geopolitical disruptions in the Middle East and the Strait of Hormuz compel the world's third-largest oil consumer to diversify its energy supplies.
Cricket Scotland and the Royal Dutch Cricket Association (KNCB) have jointly criticised the International Cricket Council's (ICC) significant structural changes to the Men's 50-over World Cup qualification pathway, calling it a 'setback to Associate Member cricket' and expressing disappointment over the lack of consultation.
As NSRCEL enters its next phase, the incubator plans to focus on AI, deep technology and global partnerships as it looks to expand its reach.
Indian stock markets, including the Sensex and Nifty, rebounded significantly, driven by a decline in crude oil prices and positive global cues stemming from hopes of diplomatic progress in US-Iran negotiations.
