Opposition parties in Jharkhand are demanding the release of salaries for police personnel, which have been withheld following the discovery of irregularities in treasury funds across several districts. The police association claims that over 70,000 personnel have not been paid since March, prompting calls for a thorough investigation and prompt action from the state government.
A two-day weekend would help employees recover physically and mentally. They would return better prepared for branch work that demands patience, judgment, and accuracy, asserts Tamal Bandyopadhyay.
'India is collateral damage. There is no way that foreign investors are going to bring money in India despite our yields also going up.'
Indian benchmark indices, Sensex and Nifty, experienced a sharp decline, with the Sensex tumbling 1,247.71 points and the Nifty settling below 23,100, primarily driven by a significant spike in crude oil prices and weak global market trends.
With the anti-Gyanesh Kumar campaign, Rahul Gandhi is showing he is determined to not let anyone else claim credit for what follows, notes Saisuresh Sivaswamy.
Indian benchmark indices Sensex and Nifty rebounded on Wednesday, driven by value buying in banking stocks and select heavyweight counters, with the Sensex climbing 332.63 points and the Nifty ending above 23,200.
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.
The BJP has initiated a motion to remove the Speaker of the Jammu and Kashmir Legislative Assembly, Abdul Rahim Rather. This action stems from the Speaker's decision to allow a resolution by Chief Minister Omar Abdullah demanding full statehood restoration, which the BJP claims violates assembly rules. The Speaker, however, defended his actions, citing procedural rules for such motions.
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.
An accountant in Bokaro district, India, has been arrested for allegedly embezzling over Rs 6 crore from the treasury's salary disbursement account. Investigations are ongoing to determine the full extent of the fraud.
The Hazaribag Superintendent of Police (SP) Office treasury scam has seen further developments with more arrests and a significant increase in the embezzlement amount to 28 crore. The investigation continues, with authorities pursuing leads in Bihar and freezing suspicious accounts.
Manchester City have appealed the verdict pertaining to financial breaches, while the verdict's wider fallout could involve the Premier League, FA, HMRC and potential compensation claims from football stakeholders.
Indian benchmark indices, Sensex and Nifty, traded flat in early deals due to elevated crude oil prices exceeding USD 100 per barrel and persistent geopolitical tensions, which subdued investor risk appetite.
Indian benchmark indices, Sensex and Nifty, closed flat on Friday, with elevated crude oil prices due to geopolitical uncertainties and a rebound in US Treasury yields making investors cautious and preventing a decisive market rally.
The Reserve Bank of India (RBI) net purchased a record $18.65 billion in July, driven by inflows from its concessional swap facility, leading to a significant increase in India's foreign exchange reserves.
Indian benchmark indices, Sensex and Nifty, experienced a significant drop in early trade, with the Sensex falling over 600 points, primarily due to crude oil prices surging past the USD 100 per barrel mark and weak global market trends. Track Sensex, Nifty on September 24.
The finance ministry has announced that all banks, including Regional Rural Banks, will remain open on Sunday, September 27, 2026, to ensure public convenience amidst a proposed three-day strike by the United Forum of Bank Unions (UFBU) starting September 28, 2026. The strike, if it materialises, seeks a 5-day banking week and pension reforms.
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.
'This rise in foreign exchange reserves was expected given the amount of FCNR(B) flow.'
'The most effective investment approach is one that aligns with an investor's temperament, risk tolerance, and decision-making style.'
Chinese President Xi Jinping began his second state visit to the US, meeting President Donald Trump at the White House. Both leaders expressed a desire for a better future for their nations, with Xi emphasising cooperation over confrontation and the avoidance of the "Thucydides Trap." Discussions also touched upon artificial intelligence governance and the extension of a trade truce. The visit was notably marked by a media boycott of White House coverage due to a dispute over press access.
The Hazaribag Superintendent of Police (SP) Office treasury scam has widened, with more arrests made and the embezzlement amount increasing to Rs 28 crore. The investigation is ongoing, with teams sent to Bihar to trace the money trail and assets acquired through the scam.
Indian benchmark indices, Sensex and Nifty, closed nearly flat on Thursday, influenced by the US Federal Reserve's interest rate hike and indications of further monetary tightening. Despite some intraday gains, caution prevailed, with foreign institutional investors continuing to offload equities. Meanwhile, the National Stock Exchange of India's (NSE) mega initial public offering opened for subscription, garnering 39 per cent subscription on its first day.
Chinese President Xi Jinping is set to visit the United States from September 23 to 25 for summit talks with US President Donald Trump, with discussions expected to cover critical economic and trade issues, including AI, and the recently signed US sanctions law targeting countries buying Russian oil and gas.
Top US and Chinese officials, including Vice Premier He Lifeng and Treasury Secretary Scott Bessent, held "candid, in-depth and constructive" talks in New York on economic and trade issues, with a specific focus on artificial intelligence. These discussions precede Chinese President Xi Jinping's anticipated visit to Washington and occur amidst new US sanctions targeting countries purchasing Russian oil and gas, and the US unveiling an "AI Force."
Jammu and Kashmir Chief Minister Omar Abdullah introduced a resolution in the assembly demanding the urgent restoration of full statehood for the union territory. The resolution, which referenced previous autonomy resolutions, led to intense protests and "ugly scenes" from opposition BJP members, resulting in the adjournment of the House. Abdullah highlighted the unfulfilled promise by the Government of India regarding statehood after delimitation and elections.
Jammu and Kashmir Chief Minister Omar Abdullah has expressed support for the Centre's decision to levy charges on UPI transactions, citing the cost of maintaining the digital payment infrastructure. However, he emphasised the need to protect retail consumers from these fees. Abdullah also discussed the upcoming seven-day Assembly session, highlighting the government's commitment to smooth functioning and addressing MLAs' concerns, and touched upon efforts to tackle drainage issues affecting water bodies.
Gold prices in India extended their losing streak, falling by Rs 1,500 to Rs 1,60,900 per 10 grams, influenced by hawkish remarks from Federal Reserve Chair Kevin Warsh and rising oil prices, which have increased expectations of an interest rate hike.
Indian stock market investors are closely monitoring crude oil prices, geopolitical developments in West Asia, and the implications of the US Sanctioning Russia and Iran Act, which could impose tariffs on countries, including India, that purchase Russian crude.
Indian benchmark indices, Sensex and Nifty, experienced a significant downturn, with Sensex tanking 778 points and Nifty closing at a five-month low, driven by surging crude oil prices, geopolitical tensions, and fears of further interest rate hikes by major central banks.
The ongoing US conflict with Iran has cost the Trump administration an estimated $45.1 billion, according to a Pentagon estimate provided to the US Congress on Friday, CNN reported, citing two sources familiar with the matter.
Rajya Sabha Chairman C P Radhakrishnan stated he is constantly under pressure from Leader of Opposition Mallikarjun Kharge, particularly after disallowing Kharge's attempt to raise the alleged theft of Ayodhya Ram Temple donations. Radhakrishnan also mentioned disallowing Treasury benches from raising the "Jharkhand issue," asserting that state subjects cannot be debated in the House. The session saw continuous disruptions, leading to an adjournment.
Moody's Ratings has sharply increased India's GDP growth forecast for fiscal 2026-27 to 7 per cent, making it the fastest among G20 economies, driven by economic resilience despite the Middle East conflict. However, the agency flagged significant inflation risks stemming from elevated oil prices and potential El Nino disruptions.
President Donald Trump has announced a promise to issue a USD 5,000 dividend to every adult US citizen if Republicans secure victory in both the House and the Senate in the upcoming midterm elections, citing the nation's economic success under his administration.
Infosys Chairman Nandan Nilekani stressed the need for India to develop population-scale tokenisation infrastructure capable of handling billions of transactions, rather than merely focusing on issuing tokens. He highlighted the importance of interoperability, liquidity, and high volumes for tokenisation to expand across various asset classes and use cases.
'Giving up is very easy. But don't give up. Try out whatever you can. Something will happen.'
Gold and silver prices are expected to continue their upward trend next week, driven by anticipation of key US inflation data and Federal Reserve signals, though profit-booking may occur at higher levels.
Union Home Minister Amit Shah has written to Lok Sabha Speaker Om Birla, requesting a debate on the ongoing student protests concerning the NEET paper-leak issue. Shah expressed his readiness to participate and answer all questions, emphasising that dialogue and discussion are crucial for democratic solutions.
Analysts predict that developments in the West Asia conflict, crude oil prices, and upcoming US inflation data will be the primary factors influencing the Indian stock market next week, alongside foreign investor activity and global market trends.
Potential external candidates include Anup Bagchi, Rajiv Sabharwal and CSB Bank's Pralay Mondal.
