India's foreign exchange reserves saw a significant drop of USD 7.511 billion, settling at USD 681.384 billion for the week ending May 22, as the Reserve Bank of India intervened in the forex market due to rupee pressure and the lingering effects of the Middle East conflict.
New capital exposure norms implemented by the Reserve Bank of India (RBI) from July 1 have led to a noticeable drop in trading volumes, with Multi-Commodity Exchange (MCX) options premium ADTV falling by nearly 40 per cent in early July.
Through his commitment to democratic norms, debate, dissent and constitutionalism, Jawaharlal Nehru helped ensure that parliamentary democracy took deep root in independent India. Utkarsh Mishra evaluates Nehru's 17 years as India's first prime minister, examining his role in nation-building, democratic institution-building, economic planning, scientific advancement and foreign policy.
'This project is like six movies in one. And it's all been captured on the largest format that's ever been done on. So it's definitely one to see at the cinema.'
Pakistan has criticised India's recent remarks on Pakistan-occupied Kashmir (PoK) protests, asserting it is addressing issues democratically. Pakistan also warned India against blocking water, calling it an "act of war," and commented on India's nuclear capabilities and its own military strikes in Afghanistan.
The United States Department of Justice plans to seek the extradition of Lawrence Bishnoi, accused of orchestrating the killing of Khalistan separatist Hardeep Singh Nijjar in Canada and involvement in other crimes in the US. Extradition is also sought for Gurinderjit Singh Nagra in an extortion case. These actions are part of a larger international operation targeting India-based transnational organised crime groups.
'Maybe Sobers was upset that he could not touch Gavaskar, and when he came out to bat, he got dismissed off the first ball by me.'
Indian fashion just had another big moment as Vaishali S Studio became the first Indian designer to showcase at Barcelona Bridal Fashion Week and she didn't just show up, she made it a moment.
The India Meteorological Department has issued a red alert for Mumbai, Thane, Palghar, and Raigad districts for Saturday and Sunday, forecasting extremely heavy rainfall. Mumbai has already experienced significant rainfall this week, and the alert indicates continued severe weather conditions, potentially disrupting normal life.
The Delhi High Court has directed the Wrestling Federation of India (WFI) to make a decision within two weeks on the show-cause notice issued to grappler Vinesh Phogat concerning alleged indiscipline and anti-doping rule violations. The court closed proceedings on Phogat's petition after her Asian Games selection trial grievance became infructuous, but she may file a fresh petition on broader selection policy issues.
The Bombay High Court has ruled that the fundamental right to privacy includes the right to be forgotten. This decision came after a man sought to have his name and details removed from court records following the quashing of an FIR against him, arguing that public access to such information prejudiced his career and caused personal stigma. The court emphasised balancing public access to information with an individual's right to privacy.
Actor-turned-politician and Trinamool Congress MP Rukmini Mallick, popularly known as Koel Mallick, on Thursday resigned from the Rajya Sabha, the fourth TMC MP to do so ever since the Mamata Banerjee-led party was ousted from power in West Bengal.
The Centre has reviewed the monsoon situation, noting a reduced rainfall deficit and ongoing preparedness for the kharif season amidst El Nino concerns. A high-level meeting chaired by the Principal Secretary to the Prime Minister discussed measures across various sectors, emphasising continuous monitoring and coordinated action to mitigate potential impacts on agriculture, water resources, and essential commodities.
India's retail inflation rose to 4.38 per cent in June, driven primarily by costlier food items, pushing it above the Reserve Bank of India's median target of 4 per cent for the first time under the new series.
P V Sindhu clinched her maiden Super 750 title at the Japan Open, defeating local favourite Akane Yamaguchi in a dominant performance that showcased her return to top form, ending a nearly two-year title drought and rekindling hopes for a record sixth World Championships medal.
Vaibhav Sooryavanshi attended the Wimbledon men's singles final, sharing the experience with Yuvraj Singh, Abhishek Sharma and Sanju Samson, marking his first visit to the iconic tournament.
'Banking is the only sector that can see double-digit growth in FY27.'
Activist Sonam Wangchuk's health is rapidly deteriorating on his 17th day of hunger strike, prompting widespread appeals from prominent political figures and Bollywood celebrities for him to end his fast and for the government to address the urgent demands for NEET examination reforms.
The England and Wales Cricket Board has moved the start times of the upcoming five T20 Internationals against India an hour earlier to 10:00 pm IST, aiming to maximise television viewership in the subcontinent. This decision, made after consulting broadcasters, highlights English cricket's financial reliance on high-value series featuring India. The tour also includes a sold-out ODI series, with uncertainty surrounding Virat Kohli's participation due to injury.
The MY Bharat Youth Convention in New Delhi will host over 6,000 youngsters, featuring interactions with prominent personalities and felicitating emerging talents. Organised by the Ministry of Youth Affairs and Sports, the event aims to empower youth towards the vision of Viksit Bharat @2047. It also celebrates MY Bharat's recent Guinness World Record for youth engagement.
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.
Responding to a question on the trade deal being negotiated between the two countries, Trump said India had taken advantage of US policies for years and charged tremendous tariffs.
The Indian corporate bond market witnessed a significant surge, with companies raising nearly Rs 16,000 crore in a single day, primarily led by state-owned financial institutions and NBFCs. This strong momentum, driven by improved borrowing conditions and investor confidence, is expected to persist.
Under the Odisha state premature release policy, prisoners whose death sentences were commuted to life imprisonment become eligible for remission after completing 25 years in prison, subject to recommendations by the Odisha State Sentence Review Board and approval by the state government. Dara Singh has now spent more than 26 years in prison.
ICICI Bank, India's second-largest private-sector lender, is set to raise approximately $500 million through an overseas dollar bond issuance, marking its first such move in nearly a decade. This fundraising effort will utilise the Reserve Bank of India's (RBI) concessional swap window, a facility designed to reduce hedging costs for foreign currency borrowings.
The reopening of the Strait of Hormuz, following a ceasefire agreement between the US and Iran, is expected to significantly ease India's crude oil supply risks, lower freight costs, and reduce inflationary pressures, as global oil prices have already dropped.
Air India, IndiGo, and Air India Express are temporarily reducing their domestic flights due to surging jet fuel prices and lower travel demand. The airlines are cutting flights by 10 to 22 per cent in the coming months.
A Special Investigation Team (SIT) probing the alleged embezzlement of donation money at the Ram Temple in Ayodhya is expected to question people associated with the Shri Ram Janmabhoomi Teerth Kshetra Trust and review banking arrangements for donations.
Educator and climate activist Sonam Wangchuk's indefinite hunger strike has entered its 20th day, with doctors warning of his critical health condition. Despite this, Wangchuk is resolute in his call for a peaceful march to Parliament on July 20, coinciding with the Monsoon Session's opening, to protest alleged examination irregularities and demand the Union education minister's resignation.
Indian squash veteran Joshna Chinappa, set to become the first Indian to compete in seven Asian Games, reveals she still has 'a little bit left in the tank' to add to her five continental medals and harbours hopes of participating in the sport's Olympic debut in 2028, provided her body holds up.
Canadian police have found no evidence linking Indian government officials to the 2023 killing of Sikh separatist Hardeep Singh Nijjar, directly contradicting earlier allegations by former Prime Minister Justin Trudeau that strained bilateral ties.
A lesson for India is to clearly define objectives beforehand, so that the adversary or other parties do not attempt to mitigate them midway.
Former Chief Election Commissioner S Y Quraishi stated, "We thought we'll go to the fountainhead of this hate discourse. This whole hate narrative according to us was being spread by the RSS," explaining the delegation's decision to meet RSS chief Mohan Bhagwat in 2022.
Sourabh Chandrakar, the absconding founder of the Mahadev betting app, has been detained in Oman based on an Interpol Red Notice. Indian agencies are now working to extradite or deport him. The ED's investigation into the syndicate has revealed alleged proceeds of crime worth Rs 6,000 crore and links to high-ranking politicians and bureaucrats.
Prime Minister Narendra Modi held a telephonic conversation with Iranian President Masoud Pezeshkian, discussing recent developments in West Asia and reiterating India's emphasis on the importance of freedom of navigation in the Strait of Hormuz. Modi welcomed the recent peace understanding between the US and Iran, stressing dialogue and diplomacy for regional stability. India will also send representatives to the burial ceremonies of Iran's late Supreme Leader.
India's foreign exchange reserves saw a significant drop of USD 8.094 billion, settling at USD 688.894 billion for the week ending May 15, as the Reserve Bank of India intervened in the forex market and global events like the Middle East conflict impacted the rupee.
'The Ayodhya incident has certainly hurt the faith of all of us, of Ram devotees like us.'
In a significant verdict, the Supreme Court on Friday said the mere absence of a train ticket on the body of a deceased passenger cannot be a ground to deny compensation to the victim's family in a railway-accident case.
Heavy rainfall in Mumbai on Sunday led to significant disruptions, including a one-hour suspension of flight operations at Chhatrapati Shivaji Maharaj International Airport, widespread waterlogging, and multiple treefall incidents. One person died in Kurla due to a tree collapse, marking the second such fatality in a week. The India Meteorological Department had issued a 'red' alert, with several areas recording over 200 mm of rain.
The dramatic postponement came while members were voting on the committee's five principal recommendations, making it an unprecedented moment in the functioning of a parliamentary committee.
