Commerce Secretary Rajesh Agarwal highlighted the critical need for India to diversify its services exports beyond the dominant IT/ITeS and professional services sectors. Speaking at the Global Fintech Fest 2026, he emphasised the vast potential in the global financial services market, where India currently holds a small share, and stressed how fintech solutions, like UPI, can drive growth, reduce remittance costs, and support MSME trade finance, ultimately leading to sustainable economic expansion.
'India is vulnerable to the West Asia crisis in three ways: Energy costs, the business Indian companies conduct in the region, and remittances from the Indian diaspora.'
Higher US Treasury yields, particularly the 10-year yield approaching 5 per cent, pose a significant near-term risk to global equity markets, including India, potentially triggering a 'big correction' according to market strategists.
After four consecutive months of outflows, foreign portfolio investors (FPIs) have turned net buyers in Indian equities in July, investing over Rs 15,157 crore, driven by improving domestic macroeconomic indicators, a stable rupee, and better global risk sentiment.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, influenced by the escalating US-Iran standoff and persistently high crude oil prices, with experts predicting increased volatility.
Cricket Australia has announced that private investment will be introduced into the Big Bash League (BBL) from the 2027-28 season, beginning with the sale of the Melbourne Renegades T20 franchise, a move aimed at strengthening the league's long-term future and boosting finances.
'The Chinese military cannot advance much in Ladakh, even if they want to.' 'Similarly, in Arunachal Pradesh, they can rename a village or two, intrude here or there, but cannot do much more realistically.'
The death toll from devastating flash floods in Nepal has reached 1,344, with rescue teams continuing to search for approximately 5,000 missing individuals, including foreign nationals, as identification of victims proves challenging due to the condition of recovered bodies.
Foreign portfolio investors (FPIs) significantly increased their buying in Indian equities during the first half of August, with financial services attracting the largest inflows, reversing previous outflows. The IT sector also continued to see strong interest from overseas investors, driven by a reassessment of valuations and the role of Indian IT firms in AI deployment.
India and China have agreed to advance discussions on an "Early and Substantial Harvest" of boundary delimitation and border management during the 25th round of Special Representatives talks between National Security Advisor Ajit Doval and Chinese Foreign Minister Wang Yi in Beijing. Both sides reached an eight-point consensus, committing to the 2005 Agreement on Political Parameters and Guiding Principles for Settlement. Key outcomes include enhancing border management, improving understanding of the Line of Actual Control, establishing new meeting points and hotlines, and continuing cooperation on trans-border rivers and pilgrimage.
On the 25th anniversary of that world-changing morning in New York, it is also for the rest of to reflect. Not only on those who were killed but also on why the event happened and what led to it and what came after it, asserts Aakar Patel.
Indian benchmark indices Sensex and Nifty experienced a significant slump in early trade, mirroring a bearish trend in global equities, as escalating conflict in West Asia drove up crude oil prices and intensified investor concerns.
Indian benchmark indices, Sensex and Nifty, experienced declines in early trading, primarily due to selling pressure on blue-chip HDFC Bank and ongoing geopolitical uncertainties.
'The fundamental issue that I have raised, how come India's GDP in current prices went down from Rs 86 lakh crore down to Rs 80 lakh crore -- a staggering erasure of Rs 6 lakh crore. This disappearance of Rs 6 lakh crore has not been answered by anyone.'
Indian envoy to China, Vikram Doraiswami, met Afghanistan's ambassador Mawlawi Asadullah to discuss bilateral ties and cooperation, as confirmed by the Indian Embassy.
The death toll from devastating flash floods in Nepal has tragically risen to 903, with 4,247 people still reported missing, including security personnel and foreigners. India has dispatched an 18-member team of forensic experts to assist with DNA analysis and identification of victims.
'You have to get private investment to somewhere between 35% to 36% of GDP. It is hovering about 30%-31%.'
Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade, driven by a recovery in world markets due to easing US Treasury yields and fresh foreign fund inflows, halting a multi-day losing streak. Track Sensex, Nifty on August 20.
Finance Minister Nirmala Sitharaman stated that India is likely to sustain economic growth of 7 per cent or more in 2026-27, continuing the pace recorded since the Covid-19 pandemic, despite geopolitical uncertainties and supply-chain disruptions.
Israeli police have arrested a 31-year-old national in connection with the murder of a 40-year-old Indian man found dead in Jerusalem, prompting a full-scale criminal investigation.
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.
Indian women's assistant volleyball coach Radhika Paruchuri believes that franchise-based leagues, like the upcoming Volleyball Champions League, are crucial for transforming Indian volleyball. She highlights their potential to provide much-needed match exposure for young players, strengthen the talent pipeline, and help identify and nurture new talent, ultimately raising the standard of the sport in India. Paruchuri also notes the decline in Indian women's volleyball due to a lack of international exposure and domestic competition, which these leagues aim to address.
The Telangana Golconda Masters, featuring top Indian and international golf professionals, is set to commence in Hyderabad with a prize purse of Rs 1 crore. The tournament is crucial for players aiming to qualify for the season-ending DP World India Championship.
Indian government sources revealed that a 'cautious approach' was adopted during Prime Minister Narendra Modi's June talks with then-US President Donald Trump due to concerns over Trump's 'unpredictable behaviour' with foreign leaders, leading to a preference against a joint media interaction.
The magnificent Kailasa temple stands as a testament to ancient Indian engineering and artistic brilliance, carved meticulously from a single mountain.
Indian benchmark indices, Sensex and Nifty, experienced a sharp decline at the close of trade, with the Sensex dropping 539 points and the Nifty falling below 24,100, primarily due to selling pressure in HDFC Bank and ongoing geopolitical uncertainties.
Indian benchmark equity indices, Sensex and Nifty, opened higher on Monday, driven by strong buying in blue-chip stocks like HDFC Bank and Infosys, despite persistent geopolitical tensions and elevated crude oil prices.
The proposed arrangement would involve sub-assembly kits produced at Lockheed Martin's facility in Troy, Alabama, and guidance electronics units manufactured at Raytheon's facility in Tucson, Arizona, being shipped to India for final assembly and integration.
The rules require nuclear plant operators to maintain an insurance policy, financial security or a combination of both to cover civil liability for nuclear damage.
India's foreign policy establishment is adjusting with alacrity in real time -- an extraordinary spectacle in itself, considering the manifest reluctance to indulge in public diplomacy critical of American moves, observes Ambassador M K Bhadrakumar.
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.
An army personnel has been taken into custody in connection with the theft of service weapons and ammunition from an Army facility in Hyderabad. The theft, which included assault rifles, pistols, and night vision binoculars, was detected on August 31, prompting a joint investigation by Telangana Police and Army authorities.
Indian benchmark indices Sensex and Nifty extended their losses for the fourth consecutive session, with the Sensex declining 363.66 points and the Nifty dipping 126.65 points, primarily due to a sharp jump in Brent crude oil prices to USD 98.32 per barrel amid escalating tensions in West Asia.
India is hosting the BRICS summit, leveraging the platform to address global trade tensions and champion the developmental priorities of the Global South, including food, energy, and supply chain security. The summit, attended by leaders like President Xi Jinping and Vladimir Putin, will focus on resilience, innovation, cooperation, and sustainability, with India aiming to strengthen intra-BRICS collaboration and discuss global matters. The expanded BRICS grouping represents a significant portion of the world's population and GDP, making its discussions crucial for global economic stability.
Bangladesh has not yet decided on Prime Minister Tarique Rahman's visit to India for the upcoming BRICS summit, with his office stating that Dhaka is awaiting New Delhi's response to its request for the extradition of deposed prime minister Sheikh Hasina and other 'fugitive criminals' currently residing in India.
India's capital markets regulator, Sebi, has simplified the onboarding process for foreign portfolio investors (FPIs) by permitting them to submit a digitally signed Power of Attorney (PoA) to their custodians, eliminating the need for notarisation or apostillisation.
Indian benchmark equity indices, Sensex and Nifty, rebounded after a two-day losing streak, driven by strong buying in blue-chip IT stocks and positive global market cues, with the Sensex climbing 330.92 points.
India has provided 68.5 tonnes of relief materials to flood-hit Nepal and sent technical teams, forensic experts and equipment to assist in search and rescue operations, the Indian embassy said.
National Security Advisor Ajit Doval engaged in Special Representatives talks with Chinese Foreign Minister Wang Yi in Beijing, focusing on the India-China boundary question and enhancing bilateral relations. These crucial discussions precede Chinese President Xi Jinping's anticipated visit to New Delhi for the BRICS summit, aiming to address persistent border differences and stabilise ties strained by past conflicts like the Galwan Valley clash.
Nepal is grappling with one of its worst disasters in recent years as massive flash floods, triggered by an ice avalanche, have claimed 270 lives and left thousands missing across multiple districts, prompting urgent rescue and relief operations.
