State Bank of India Chairman C S Setty stated that banks will take three to four months to deploy the significant funds mobilised through foreign currency non-resident (bank), or FCNR(B), deposits, which is unlikely to cause "abnormal lending". He also highlighted the need for agentic artificial intelligence (AI) costs to fall sharply for its widespread deployment in India, envisioning its role in transforming banking from fraud detection to personalised financial assistance.
The Indian women's junior hockey team secured a dominant 11-1 victory over Malaysia in their AHF Junior Asia Cup Elite Pool match, solidifying their top position in the points table. Seven different players contributed to the scoring spree, which included goals from field play, penalty corners, and penalty strokes. This win marks India's second consecutive victory in the tournament, following their 4-1 triumph against South Korea.
The Supreme Court has affirmed its decision not to alter the five-member high-powered committee, led by former Justice R Subhash Reddy, which is investigating allegations of police excesses against student protesters and violence against police personnel in Delhi. The court dismissed concerns about potential bias, stating the committee acts as its "extended hand" and will function under its supervision. It also noted the suspension of an executive magistrate who issued a show-cause notice to a student involved in protests.
The Maharashtra Food and Drug Administration (FDA) has suspended the food licences of several establishments across Mumbai and Navi Mumbai, including an IRCTC-linked supplier and three ISKCON outlets in Juhu, due to severe hygiene and safety violations. This action is part of a state-wide crackdown initiated by FDA Commissioner Tukaram Mundhe, targeting issues like pest infestation, improper food handling, inadequate sanitation, and misleading product claims.
Maharashtra Deputy Chief Minister Eknath Shinde has announced the suspension of Shiv Sena Palghar city president Rahul Gharat following an alleged assault on hospital staff, including a doctor, by party functionaries. The incident occurred at Relief Hospital in Palghar over a dispute concerning medical bills for Dahi Handi participants. Shinde condemned the violence, stating that such behaviour would not be tolerated and that grievances should be addressed through legal channels.
Analysts predict that the Indian stock market's sentiment this week will be primarily influenced by the domestic GDP data announcement, crude oil prices, and the crucial US non-farm payrolls report.
The United States Central Command announced strikes against Iranian military targets, including air defence and communication sites, in retaliation for alleged attacks on commercial shipping and US personnel. However, Iran's Foreign Ministry claims these strikes caused over 50 civilian casualties at a wedding and vowed a firm response. Iran's state media also reported retaliatory ballistic missile and drone attacks on US bases in Jordan and Bahrain, claims which were partially corroborated by Kuwait and Jordan reporting intercepted drones and missiles.
Mandaadi may follow a familiar sports-drama rulebook, but its thrilling boat races, terrific performances and mass moments make the ride well worth taking.
Shubman Gill's quickfire 40 helped Fazilka Falcons secure a thrilling one-run victory over Ludhiana Lions in their Sher-e-Punjab T20 League match.
The Indian junior men's hockey team secured a 3-3 draw against Japan in their second Pool A match of the Junior Asia Cup. India initially led 2-0, but Japan fought back to take a 3-2 lead in the final minute before India equalised with a penalty corner in the dying seconds.
India has clarified its policy regarding participation in the 2027 South Asian Federation (SAF) Games in Pakistan, stating decisions will align with national sports policies and international governing bodies. While bilateral sporting engagements with Pakistan remain suspended, Indian athletes are permitted to compete in multilateral events. The government also aims to simplify visa processes to position India as a global sports hosting destination.
Haryana defeated Jharkhand 2-1 to win the 16th Hockey India Junior Women National Championship. Madhya Pradesh secured third place by beating Chhattisgarh 3-1 in the bronze medal match. Haryana made a strong comeback after conceding an early goal, with Bhavya and Khushi scoring to secure their victory.
Top seed Om Semwal outplayed Vir Beri, while Aarav Rathi also secured an easy victory in their respective matches at the 49th Bombay Gymkhana Maharashtra State Open Squash Tournament, advancing to the next rounds.
Tennis legend Roger Federer is set to make an emotional return to Flushing Meadows for an exhibition event, providing a long-awaited farewell to his fans at the US Open, an event he once dominated with five consecutive wins.
The Indian women's hockey team has departed for the Asian Games in Japan, aiming to win the gold medal and secure a direct qualification spot for the 2028 Los Angeles Olympic Games.
Union Minister Ramdas Athawale stated that opposing reservation is unconstitutional and that the policy would be given up if casteism is eliminated. He highlighted the historical context of reservations for SC/ST and OBCs, and the Modi government's EWS quota. Athawale also criticised the opposition, praised government achievements, and discussed various welfare schemes and infrastructure projects in Chhattisgarh.
The UK has announced a comprehensive sanctions regime against Israeli settlements in the West Bank, banning the import of goods and targeting entities involved in settlement expansion. Foreign Secretary Ed Miliband condemned the "ethnic cleansing of Palestinians" and highlighted international support for the UK's stance, while Israel reacted strongly with counter-measures.
The reforms, undertaken by the Department of Defence Production, remove stakeholder consultation for exports of non-lethal defence items to most destinations, while retaining safeguards for sensitive countries.
American tennis star Frances Tiafoe defeated Japanese qualifier Rei Sakamoto in straight sets (6-3, 7-6(2), 7-5) to secure his spot in the third round of the U.S. Open. Tiafoe, a leading American contender, is aiming to end a 23-year drought for a home men's champion at the tournament, feeding off the energy of the partisan crowd.
India's government has implemented stringent new regulations under the Telecommunications Act 2023, mandating that all communication infrastructure providers, including those utilising cloud-based networks, must store telecommunication data exclusively within the country, a move expected to significantly impact domestic data centre demand.
Tamil Nadu's ruling TVK and its post-poll allies have officially named their front the "Secular Social Justice Victory" alliance, with Chief Minister C Joseph Vijay elected as its leader. The alliance, which includes Congress, VCK, and IUML, is preparing for upcoming bypolls on October 6, which will serve as an initial test of its strength. Leaders emphasised the alliance's ideological foundation rooted in secularism and social justice, aiming to protect constitutional values and oppose communal forces.
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.
Infosys co-founder Nandan Nilekani stated that artificial intelligence will amplify, not replace, IT firms, projecting a massive USD 400 billion AI-first services opportunity by 2030. Addressing shareholders, he highlighted Infosys's readiness to help clients navigate enterprise AI complexities and capitalise on the structural shift in technology.
Mahendra Singh Dhoni has reportedly informed Subramaniam Badrinath that he will not play as an Impact Player in the IPL, preferring to continue as a full-time wicketkeeper if he plays.
Infantino appears to have enough global support to secure re-election, forcing opponents without a credible challenger to consider shifting from defeating him to curbing presidential powers.
Maharashtra ministers are divided over the use of high-decibel DJ systems during Hindu festivals. While Minister Yogesh Kadam asserts that festival sound will not be stopped, his colleagues Sanjay Shirsat and Meghana Bordikar advocate for adherence to noise pollution norms, with Bordikar citing a personal tragedy. Chief Minister Devendra Fadnavis has also called for a return to traditional celebrations and a consensus on restricting DJ systems.
Fintech company Cashfree Payments India Private Limited has significantly reduced its consolidated net losses to Rs 118.5 crore in FY26 from Rs 154 crore in FY25. The firm also saw a substantial revenue growth of over 51 per cent, reaching Rs 967.4 crore. Co-founder & CEO Akash Sinha highlighted achieving EBITDA profitability in March 2026 and outlined plans for full-year profitability in FY27, driven by growth in SMB and cross-border payments.
Union Minister Chirag Paswan has pledged to ensure justice for Nishu Azad's father, who was severely injured during protests at Jantar Mantar. Paswan has filed a formal complaint against Hindutva influencer Swatantra Bhardwaj, who allegedly assaulted Azad's father and boasted about it, claiming political connections. Bhardwaj has since been detained. Paswan also called for an investigation into molestation allegations against a state minister from his party.
Atletico Madrid chief executive Miguel Angel Gil Marin has vehemently rejected Barcelona's attempts to sign Julian Alvarez, accusing the Catalan club of dishonesty and stating that the Argentine forward will 'never, ever' be sold to them. This comes after Barcelona's president expressed continued interest in Alvarez.
Luxury hotels in Delhi are experiencing a significant room crunch and a sharp increase in tariffs ahead of the BRICS Summit. Many marquee properties show no availability or are quoting rates exceeding six figures per night around the September 12-13 event, highlighting a gap in India's hospitality infrastructure.
Indian powerlifter Keyaa Kunal Banerji has spoken out about the severe online harassment and sexualisation she endured following her silver medal win at the 2026 IPF World Sub-Junior & Junior Classic Powerlifting Championships.
Sashidhar Jagdishan, the managing director and CEO of HDFC Bank, has announced his decision not to seek reappointment and will retire at the end of his current term on October 26, concluding a six-year tenure marked by significant regulatory and governance challenges, including RBI restrictions, a major merger, and scrutiny over alleged illegal payments.
A sweet treat that pairs the smooth flavour of chocolate with the crunchy texture of hazelnuts.
Indian benchmark equity indices extended their losing streak for a fourth consecutive day, with the Sensex tumbling 417 points due to rising crude oil prices and a significant sell-off in IT stocks, impacting overall investor sentiment.
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.
The Supreme Court has expressed strong displeasure with the Odisha government for delaying a decision on the remission plea of Ravindra Pal alias Dara Singh, who is serving a life sentence for the 1999 murder of Australian missionary Graham Stuart Staines and his two sons. The court has directed the state to make a decision by September 17, warning of summoning officials if the delay persists. Singh, incarcerated for over 26 years, seeks premature release based on his time served and a 2022 state policy.
Uzbek chess prodigy Javokhir Sindarov, set to challenge D Gukesh for the world crown, reveals he will only begin preparations for the highly anticipated match after competing in the Global Chess League and the Chess Olympiad this month, maintaining focus on immediate tournaments.
Indian benchmark indices, Sensex and Nifty, recovered intraday losses to close higher, driven by late-day buying and a significant decline in Brent crude oil prices, which fell 3 per cent to USD 89.32 per barrel.
OpenAI has officially launched GPT-6 Astra, hailed as 'the world's most intelligent and aligned model,' designed to excel in computer browsing, software engineering, mathematics, and enterprise workflows, with immediate deployment for select organisations.
The Tamil Nadu assembly descended into chaos, leading to the eviction of DMK MLAs, as they vehemently protested Chief Minister C Joseph Vijay's statements.
