'This rise in foreign exchange reserves was expected given the amount of FCNR(B) flow.'
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.
Mamata Banerjee's faction of the Trinamool Congress announced support for the Congress candidate in the Nandigram assembly bypoll after its own candidate withdrew. This decision comes amidst a bitter dispute with the Election Commission over the freezing of TMC's traditional symbol and name, which Banerjee termed "arbitrary" and accused the BJP of trying to destroy opposition parties.
Indian benchmark indices, Sensex and Nifty, experienced a significant downturn as escalating tensions in West Asia led to a sharp surge in crude oil prices, coupled with fresh foreign fund outflows and a weakening rupee.
The BCCI's 95th Annual General Meeting in Mumbai will address several crucial matters, including the grant of associate membership to the Cricket Association of Andaman and Nicobar Islands, the appointment of a BCCI representative to the ICC, and the induction of new members to the IPL Governing Council.
India is poised to secure its first overseas Test series victory in three years as they face Sri Lanka in the second and final match, with skipper Shubman Gill and opener Yashasvi Jaiswal under pressure to deliver substantial knocks.
Indian stock markets, including the Sensex and Nifty, experienced a significant tumble in early trade, driven by escalating tensions in West Asia that pushed crude oil prices close to the USD 100-per-barrel mark, alongside selling in IT stocks and fresh foreign fund outflows.
India has condemned an attack on a Panama-flagged oil tanker off the coast of Oman, which resulted in one Indian seafarer going missing and 13 others being rescued. The Ministry of External Affairs is closely monitoring the situation and coordinating with Omani authorities for search and rescue operations, while also reiterating calls for de-escalation and safe navigation in the region.
The India U-20 men's football team has concluded its preparations for the AFC U20 Asian Cup China 2027 Qualifiers with an unbeaten run in four friendly matches, securing three wins and a draw without conceding any goals. The team is now heading to Uzbekistan for the crucial qualifiers, aiming for a strong performance.
India is significantly expanding its crude oil sourcing to Latin America, with Venezuela emerging as a major supplier, as geopolitical disruptions in the Middle East and the Strait of Hormuz compel the world's third-largest oil consumer to diversify its energy supplies.
Maruti Suzuki India (MSIL) reported a 9.1 per cent year-on-year decline in net profit for the April-June quarter of 2026-27, marking its second consecutive quarterly fall. This dip occurred despite a significant 29.3 per cent jump in sales volume, primarily due to escalating commodity prices, increased energy costs, and logistics disruptions stemming from the West Asia conflict.
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.
A recently finalised peace deal between the US and Iran, set to be signed on June 19, is expected to significantly benefit India's economy by boosting exports to West Asia, stabilising the rupee, and easing inflationary pressures, according to exporters and experts.
Accel's early investment in RentoMojo, a furniture and appliance rental platform, has paid off handsomely with the company's strong debut on the stock exchanges, listing nearly 19 per cent above its issue price after a significantly oversubscribed IPO.
Ibrahim Zadran has been appointed captain of Afghanistan's T20I squad for the upcoming three-match series against India, which will be played in New Delhi. The squad sees the return of fast bowler Naveen-ul-Haq and all-rounder Gulbadin Naib, featuring a blend of experienced players like Rashid Khan and Mohammad Nabi, alongside uncapped wicketkeeper-batter Noor Rahman.
In many ways, 17th century India occupied a position in the global economy comparable to that of the United States today. Just as millions of people now look towards America because of its economic opportunities, merchants, adventurers and trading companies once looked towards India.
Who is running the show in Dhaka? This kind of flip-flop, culminating in a last-minute decision to skip a maiden visit, can happen only when the remote is in the hands of one of the competing lobbies within the BNP -- one that appears determined to play a game of chess with India.
Two-time finalists India are placed fifth and face a challenging path to secure a top-two finish.
Indian benchmark indices, Sensex and Nifty, extended their losses for a second consecutive day, primarily due to HDFC Bank's disappointing quarterly earnings and escalating tensions in West Asia, coupled with persistent foreign fund outflows.
West Bengal Chief Minister Suvendu Adhikari symbolically destroyed nearly 2 lakh bottles of banned cough syrup in Balurghat using a road roller. This act, aimed at combating drug addiction among youth and curbing smuggling to Bangladesh, highlights improved coordination between BSF and state police. Adhikari also announced a new medical college for Balurghat during his visit.
From a milk abhishek and aarti in Patna and Vadnagar to blood donation camps in Delhi, sand art tributes in Puri and Agartala, and havan pujas in Jammu, BJP leaders and others nationwide honoured the occasion of Prime Minister Narendra Modi's 76th birthday with prayers, service drives and tributes.
India has announced its 23-member squad for the upcoming AFC U20 Asian Cup Qualifiers in Tashkent, with eight players omitted from the initial camp. The team, led by Mahesh Gawali, will compete against Syria, Uzbekistan, and Bangladesh from August 31 to September 6, aiming for qualification to the main tournament in China in 2027.
Prime Minister Narendra Modi, addressing the BRICS summit, called for a fundamental shift in global governance, advocating for the replacement of the current 'pyramid of privilege' with a 'platform of partnership' where the Global South becomes a 'rule shaper' rather than a 'rule follower'.
'If crude remains above $100 per barrel, with restricted retail-price increases, OMCs could face negative petrol and diesel marketing margins, higher LPG under-recoveries, higher crude-landing, freight and insurance costs, working capital and debt accumulation and inventory losses if crude subsequently corrects sharply.'
The Indian rupee experienced its sharpest single-day decline in eight weeks, settling at 94.83 per dollar, primarily due to escalating crude oil prices and persistent risk-off sentiment driven by heightened geopolitical tensions and limited foreign inflows.
Virat Kohli impressed Eknath Shinde with his humility during their London meeting, while the duo discussed Maharashtra's development, sports, youth talent and the cricketer's upcoming ODI milestones.
Following a disappointing performance against Afghanistan, Sanju Samson's inconsistent form has once again put his place in India's T20I squad under intense scrutiny.
Indian wicketkeeper-batter Sanju Samson has surpassed 2,000 international runs, achieving the milestone with an explosive 57 off 22 balls against Afghanistan at Arun Jaitley Stadium. This performance marks a significant return to form for Samson, who has also had a stellar year in T20Is, including a 'Player of the Tournament' award in the T20 World Cup.
A rebel Trinamool Congress faction, led by Ritabrata Banerjee, has named candidates for two assembly bypolls in West Bengal, directly challenging the Mamata Banerjee-led camp. This move escalates the internal party battle, particularly over the 'twin flowers' symbol, which both factions claim. The Election Commission is currently reviewing the dispute, and the bypolls in Nandigram and Rejinagar will serve as a crucial electoral test for both sides.
India launched 'Suryapath Tiranga', a unique initiative involving over 50 Indian missions globally, to digitally relay images of the tricolour across multiple time zones, starting from Fiji, to mark the country's 80th Independence Day.
IndiGo, India's largest airline, reported a net loss of Rs 238 crore for the June quarter, primarily attributed to a significant surge in fuel prices and operational constraints stemming from the West Asia conflict.
Indian Hotels Company (IHCL) reported a 20.8 per cent year-on-year rise in net profit for Q1 FY27, reaching 357.9 crore, despite macroeconomic headwinds like geopolitical tensions in West Asia impacting international travel and airline catering business.
Indian stock markets this week will be primarily influenced by a series of corporate Q1 earnings, the evolving geopolitical situation in West Asia, and fluctuations in crude oil prices, according to market analysts.
A Kishore Kumar song, a birthday cake, a prince's break from protocol to thank his driver, a Persian painting on the ceiling of the presidential residence -- the BRICS Summit had many memorable moments.
Chinese President Xi Jinping notably skipped a gala dinner hosted by Prime Minister Narendra Modi for BRICS leaders and other dignitaries, with sources suggesting he returned to his hotel to rest. Meanwhile, a grand cultural performance, 'BRICS Symphony - One Rhythm, Many Cultures', featuring artistes from member countries, was a highlight of the evening.
A Mumbai student activist's home was subjected to a nine-hour police search following her participation in a global kite-flying event expressing solidarity with children in Gaza.
A Goldman Sachs report indicates that US and Indian equity markets are becoming less attractive due to lower free cash flow (FCF) yields as valuations rise, while European markets offer significantly higher yields. Concurrently, India's top-listed residential real estate developers experienced a moderation in pre-sales in Q1FY27, attributed to delayed project approvals, limited launches, and high year-ago bases, though underlying housing demand remains healthy.
The question for the next 20 years is not whether India can become a $5 trillion or $10 trillion economy. Those are attractive targets, but the real question is whether India can create enough productive jobs, educate its children properly, make its cities liveable, and give hundreds of millions of people a substantially better life, asserts Ramesh Menon.
India is currently examining Bangladesh's request for the extradition of former prime minister Sheikh Hasina, who has been living in India since her government's collapse in August 2024, with New Delhi confirming the issue is being processed according to established procedures.
Economists widely anticipate the Reserve Bank of India's Monetary Policy Committee will increase the repo rate by 50 basis points, likely split between the October and December meetings, as retail inflation is projected to peak at 6.1 per cent in the third quarter, exceeding the RBI's tolerance limit.
