India A, led by skipper Devdutt Padikkal's fifty and Kumar Kushagra's unbeaten 46, set Australia A a challenging target of 363 runs on day three of their four-day match in Puducherry. Australia A ended the day at 55/2, needing 308 more runs to win.
Indian benchmark indices Sensex and Nifty saw a significant rebound in early trade, with the Sensex surging over 700 points, driven by a decline in crude oil prices, easing concerns over Federal Reserve tightening, and the appointment of Anup Bagchi as the new MD and CEO of HDFC Bank.
Chikankari has long been one of India's most loved embroidery traditions. Originating in Lucknow, Uttar Pradesh, this centuries-old craft is known for its fine hand embroidery, traditionally worked in white thread on lightweight fabrics such as cotton, muslin and mulmul. Its beauty lies in the details, with different stitches creating everything from delicate flowers to elaborate jaal patterns.
Fitch Ratings has increased India's GDP growth forecast for the current fiscal year (FY'27) to 6.9 per cent, up from 6.4 per cent, attributing the revision to robust economic growth in the June quarter and overall economic resilience. The agency also anticipates the Reserve Bank of India (RBI) will raise interest rates by 0.25 per cent in October.
Indian stock markets closed lower, with the Sensex falling 429 points, after the Reserve Bank of India raised its benchmark interest rate for the first time in nearly four years, coupled with rising crude oil prices and persistent foreign fund outflows.
India's wholesale price-based inflation surged to 11.39 per cent in September, up from 9.92 per cent in August, primarily driven by increasing prices of food, manufactured items, and fuel and power.
Pakistan head coach Mike Hesson acknowledges India as the benchmark in white-ball cricket but expresses confidence in his team's ability to challenge them at the Asian Games. He also defended Pakistan's T20 performance, highlighting their improved ranking and series wins, while downplaying captaincy speculation for Sahibzada Farhan.
The CBI has filed a closure report in the 2002 disinvestment of Hindustan Zinc Ltd, stating that allegations of irregularities could not be substantiated. This comes despite a 2022 Supreme Court directive by then-CJI D Y Chandrachud to register a regular case, citing sufficient material and concerns over undervaluation and the role of a global advisor. The special court will now decide on the report.
Kerala Police have issued a warning against online fraudsters selling fake tickets for the upcoming India-West Indies first ODI match in Thiruvananthapuram. Scammers use social media to lure victims, collect personal details, and demand multiple payments under various pretexts, advising the public to only use official booking platforms.
India's foreign exchange reserves increased by USD 964 million to USD 675.157 billion in the week ending July 10, according to the Reserve Bank of India.
Srihari Nataraj secured a spot in the 50m backstroke final at the Asian Games, clocking 25.37 seconds. However, other Indian swimmers, including Rishabh Das, Akash Mani, Geetesh Shah, Danush Suresh, and the men's 4x200m freestyle relay team, failed to advance beyond the heats, marking a mixed day for India in the pool.
Sir Dorabji Tata Trust has submitted its response to governance complaints filed by two trustees, with the Maharashtra charity commissioner expected to decide the next course of action.
State-run Oil and Natural Gas Corporation (ONGC) has approved the development of a 1.75 million tonnes (mt) strategic petroleum reserve (SPR) in Mangaluru, a project deemed of national importance, with plans for broad commercial utilisation.
Reserve Bank of India Governor Sanjay Malhotra has stated that the rupee may be 'undervalued' by many estimates and assured that the RBI will work to ensure its stability and help it find its 'correct value' amidst recent depreciation.
The Indian government has approved the sale of a 60.72 per cent stake in IDBI Bank Ltd to Canadian billionaire Prem Watsa's Fairfax Financial Holdings Ltd for approximately 52,878 crore, a move that reflects improving India-Canada ties and marks a significant turning point for the bank.
India's leading private-sector banks, including HDFC Bank, Axis Bank, and Kotak Mahindra Bank, reported robust deposit growth in the July-September quarter (Q2FY27), significantly aided by the Reserve Bank of India's concessional FCNR(B) swap window.
Indian equity markets, led by the Nifty 50, saw gains following a pullback in Brent crude prices towards $101-102 a barrel and weaker-than-anticipated US jobs data, which eased concerns about a Fed rate hike. However, analysts caution that markets are likely to remain volatile in the near term.
A report by IIT Bombay suggests that the proposed Merchant Discount Rate (MDR) framework for Unified Payments Interface (UPI) transactions needs rationalisation before implementation to safeguard public trust in the digital payments system, highlighting that UPI's long-term economic benefits outweigh potential incremental income from merchant fees.
After a significant 9.9% depreciation in FY26, the Indian rupee has shown comparative stability in the first half of FY27, depreciating by only 1.1%, attributed to regulatory interventions and measures to attract foreign capital, despite ongoing global pressures from rising crude oil prices and foreign investor outflows.
The Reserve Bank of India's Monetary Policy Committee (MPC) has commenced its three-day meeting, with a majority of economists and bankers anticipating a 25 basis point rate hike to counter escalating inflation risks, particularly from West Asia conflicts.
Abhishek Verma, India's top compound archer, is determined to return to the national team after missing the Asian Games. He aims for the 2028 Los Angeles Olympics and the 2030 Commonwealth Games in India, despite India securing an Olympic quota in compound archery. Verma also shares insights on India's medal prospects and the importance of mixed team selection.
India's Chief Economic Advisor V Anantha Nageswaran stated that the country's balance of payments (BoP) pressure is expected to remain a continuous challenge due to rising imports, commodity dependence, high global interest rates, and intense competition for capital.
HDFC Bank has announced the appointment of Anup Bagchi as its new Managing Director and Chief Executive Officer for a three-year term, effective October 27, 2026. Bagchi, currently leading ICICI Prudential Life Insurance, will succeed Sashidhar Jagdishan, whose term concludes on October 26, 2026. The Reserve Bank of India has approved this significant leadership transition.
Maratha quota activist Manoj Jarange has released an audio clip purportedly claiming a Rs 500 crore payment was delivered to him through Shiv Sena MP Shrikant Shinde, alleging a conspiracy to silence him. This comes a day after Deputy CM Eknath Shinde challenged him to prove similar allegations. Ruling party leaders have hit back, questioning the clip's veracity and demanding a forensic probe, while Jarange insists on a thorough investigation by top state and central leaders.
The Delhi Police's Financial Monitoring Cell prevented potential losses of Rs 1.53 crore in "digital arrest" scams across five states. Their Proactive Victim Identification and Protection Team intervened to save multiple victims, including senior citizens, from transferring additional money to fraudsters who impersonated officials and threatened arrest for fabricated crimes.
A US nonprofit policy think tank, the Federation of American Scientists (FAS), estimates India's nuclear arsenal at 190 warheads, including those for new missiles under production. The report highlights India's ongoing modernisation of its nuclear capabilities and adherence to a no-first-use doctrine, while also noting uncertainties in warhead designs and plutonium reserves.
Canadian billionaire Prem Watsa's Fairfax Financial Holdings will utilise the expertise of Deepak Parekh and Paresh Sukthankar, former HDFC leaders, as it moves to acquire a 60.72 per cent stake in IDBI Bank for 52,878 crore, with N S Kannan proposed as chairman.
With NEET Round 3 allotments concluded, medical aspirants are now evaluating their options, including participation in stray rounds, understanding penalties for not joining allotted seats, and exploring private or deemed university admissions.
The Reserve Bank of India (RBI) has marginally raised its retail inflation forecast for the current fiscal year (FY27) to 5.2 per cent from 5 per cent, citing increasing price pressures across various commodities. Concurrently, the Monetary Policy Committee (MPC) unanimously decided to hike the key interest rate (repo) by 25 basis points to 5.5 per cent, shifting its stance to 'calibrated tightening'.
Analysts predict that the Reserve Bank of India's interest rate decision, crude oil prices, and global bond yields will be the primary factors influencing the Indian stock market this week, alongside macroeconomic data and foreign investor activity.
Leading private banks in India, including HDFC Bank, ICICI Bank, and Axis Bank, experienced a decline in net interest margins (NIMs) during the second quarter of the financial year due to significant deposit mobilisation under the Foreign Currency Non-Resident (Bank), or FCNR (B), scheme. However, banks anticipate a recovery in margins in the coming quarters as these funds are deployed and the interest-rate cycle supports lending yields.
"Pressure on the current account is a temporary problem. Sooner rather than later, our external sector will improve," said RBI Governor Sanjay Malhotra.
Marriage alone does not make a spouse liable for debt. The extent of liability depends on whether the spouse signed as a co-borrower or guarantor, or inherited assets.
The Reserve Bank of India's outstanding net short dollar position in the forward book surged to a record $200.06 billion at August-end, up from $136.77 billion at July-end, primarily driven by FCNR(B) flows.
RBI Deputy Governor Rohit Jain highlighted that banks are well-positioned to deploy $133 billion mobilised through FCNR(B) deposits, especially with strong credit demand ahead of the festival season, while also stressing the importance of robust technology governance and cyber defences in the financial sector.
The controversy surrounding actor Imran Khan's participation in a Mumbai protest, and BJP leader Kirit Somaiya's demand for his deportation, raises critical questions about the legal rights of Overseas Citizen of India cardholders to engage in political dissent and the grounds for their expulsion from India.
'Uranium supply is going to come under increasing pressure.'
Indian rowers Satnam Singh and Salman Khan secured a historic bronze medal in the men's double sculls at the Asian Games, marking India's first-ever medal in this event. Despite the achievement, both athletes expressed mixed feelings due to last-minute crew changes that they believe affected their performance. The bronze was a saving grace for the Indian team, which otherwise delivered one of its worst Asian Games rowing performances, equalling previous low tallies. The controversy surrounding team selections and the impact of weather disruptions on the competition schedule were also highlighted.
'We see a lot of cases of bank deposits getting lost, especially when people die, so this will help address that because you have one consolidated view.'
The Reserve Bank of India's 25-basis point increase in the repo rate to 5.5 per cent is expected to exert pressure on housing affordability and buyer sentiment, particularly affecting interest rate-sensitive segments and potentially moderating sales during the crucial festival season.
