The FCNR (B) stratagem relies on using public money to defend the rupee. The State subsidises foreign borrowing to attract dollars. This tool requires large-scale borrowing to make a material difference against a gross external flow of $11 billion a day. A commensurately large fiscal cost falls upon the exchequer. The ministry of finance will choose how much it is willing to spend in exchange for this round number, points out Ajay Shah.
The SBI Platinum Jubilee Asha Scholarship is one of India's major scholarship programmes, designed to support meritorious students from economically weaker sections. The scholarship covers students from Class 9 onwards, including those pursuing higher education in India and abroad, helping ensure that financial constraints do not stand in the way of quality education.
Formula One leader Kimi Antonelli secured a sensational victory at his home Italian Grand Prix, climbing from 19th on the grid to first, dealing a significant blow to Mercedes teammate and closest championship rival George Russell.
The new Champions League season kicked off with star performances from Kylian Mbappe and Erling Haaland, securing wins for Real Madrid and Manchester City, respectively. Jose Mourinho's Madrid overcame Inter Milan, while City defeated Porto. Other matches saw Borussia Dortmund, Real Betis, Aston Villa, and AEK Athens also claim victories.
If there's one night when playing it safe is off the table, it's the GQ Best Dressed event.
Mahendra Singh Dhoni has reportedly informed Subramaniam Badrinath that he will not play as an Impact Player in the IPL, preferring to continue as a full-time wicketkeeper if he plays.
'When the women of India become unstoppable, India becomes unstoppable.'
The Tata Curvv EV Series X keeps its distinctive coupe-SUV design but becomes a more attractive package with a standard 55kWh battery, more features and a lower starting price of Rs 16.99 lakh.
'The sales pressure on the ground, a board and CEO not fully aligned, and a senior team that isn't pulling together -- that's when these things surface.'
We check horoscopes. We check family background. We check whether the boy has a 'government job' or the girl 'knows how to cook'. Somewhere in this elaborate audit, nobody thought to ask: Hey, are you both healthy?
'Since the category has a limited track record, assess the fund manager's experience across equity and debt market cycles rather than relying only on past returns.'
OpenAI has officially launched GPT-6 Astra, hailed as 'the world's most intelligent and aligned model,' designed to excel in computer browsing, software engineering, mathematics, and enterprise workflows, with immediate deployment for select organisations.
Naomi Osaka's US Open campaign, though ending in defeat, was marked by her bold fashion choices and a profound reflection on her life as a mother, redefining her approach to Grand Slam success.
BJP MP Raghav Chadha addressed the 12th IPU Global Conference of Young Parliamentarians in Samarkand, Uzbekistan, highlighting India's digital transformation journey. He emphasised how technology is widening access and promoting inclusion, citing UPI's success, affordable data, and robust data protection laws. Chadha also discussed India's digital cooperation with Uzbekistan and the importance of digital rights, safety, and skill development for all citizens.
'The idea of hitting someone is not okay with me at a personal level, so it requires an extra effort for me to come out of that mental barrier.'
While Divya Nair misses Anup Soni, who was an exceptional host and the face of Crime Patrol for several years, Ajay Devgn has managed to entice her back into this drama based on true-crime with his unique style.
'Indian private sector hospitals provide quality healthcare at a fraction of the global cost.'
'You can't be selfish when you're thinking about nature. It has to be good karma.' 'If we prevent textile waste from going to the landfills, it's good karma.'
The comparisons show where last year's cutoffs are still a usable guide and where you need to reset your expectations before Round 2.
Novak Djokovic is aiming for a record 25th Grand Slam title at the U.S. Open, but recent physical struggles, particularly in high heat and humidity, raise questions about his ability to endure the demanding tournament. Despite his experience, the 39-year-old faces a challenging field and needs to manage his energy carefully to achieve his historic goal.
The new range brings Ola's 46-series LFP cells to its most affordable scooter lineup aimed at India's mass-market electric vehicle (EV) buyers.
India, already qualified for the semifinals of the Women's Asia Cup, are set to face traditional rivals Pakistan in their final league game. While India is considered the overwhelming favourite, the match offers both teams an opportunity to fine-tune their strategies. India aims to strengthen its power-hitting and fast bowling, while Pakistan needs significant improvement in its batting to challenge stronger opponents.
"When you have more liquidity than good investment opportunities, there is no reason for MFs to sell a winning trade."
The National Company Law Tribunal (NCLT) has approved a repayment plan for media baron Subhash Chandra, allowing him to settle admitted creditor claims of approximately Rs 22,006.57 crore by paying just Rs 6.5 crore, resulting in a nearly 99.97 per cent haircut for lenders.
The Reserve Bank of India (RBI) net bought $561 million in June, marking its first net purchase since February, following three consecutive months of net sales. This move coincided with a series of government and RBI measures to attract foreign capital, leading to a 0.36 per cent appreciation of the rupee against the dollar.
Eighth seed Ben Shelton recovered from a shaky start to beat Tallon Griekspoor 1-6, 6-1, 7-6(3), 6-2 in the first round of the US Open, despite enduring a disappointing run in this year's Grand Slams.
Blue Machines AI has launched Floe, a context-aware language detection model designed for AI agents. Floe distinguishes between code-mixing and genuine language switches in multimodal interactions, supporting over 10 Indic languages with ultra-low latency. It aims to improve enterprise AI conversations by understanding user intent in multilingual settings.
BAFs seek to offer a smoother experience across market cycles, not the full upside of a bull market.
Indian banks anticipate a reduction of up to 50 basis points in their funding costs due to a surge in liquidity from robust Foreign Currency Non-Resident (Bank), or FCNR (B), flows, lessening their reliance on more expensive certificates of deposit (CDs).
Asian Games double gold medallist Parul Chaudhary and Olympian race-walker Priyanka Goswami are intensely preparing for the upcoming Asian Games in Japan. Chaudhary will compete in three events, including the new 1500m, while Goswami transitions to the marathon race walk, both expressing confidence in their adaptive training and aiming for medals.
North Zone's Sanat Sangwan scored a resilient 76, putting aside earlier controversies, as his team fought back against South Zone in the Duleep Trophy semi-final. Despite Sangwan's efforts and a partnership with Ayush Doseja, North Zone suffered a batting collapse, leaving South Zone poised for victory. South Zone holds a significant lead, needing only a draw to advance to the final.
'I want to make it absolutely clear that I did not say that Rani Padmavati was a coward, or that the other women, the queens of the palace, and the women who did Jauhar were cowards.'
All of Gandhari's attempts to shroud itself in mystery are laughable, sighs Sukanya Verma.
Researchers at NIT Rourkela have patented a novel hybrid energy-storage system designed to significantly improve the efficiency and lifespan of electric vehicle batteries. This innovation addresses common issues like low power density and thermal stress by integrating supercapacitors with a simplified architecture, making EVs more reliable, especially in urban driving conditions.
From Virasat and Gardish to Tezz and Rangrezz, here's a look at Priyadarshan's serious side of Bollywood, ahead of his new movie Haiwaan.
A new study by MIT and Boston University found that the brain region responsible for language remains active and similar in older adults compared to younger adults. However, the brain system for decision-making, known as the 'multiple demand network', shows significant differences with age. This suggests that specialised brain functions like language processing may be more resilient to ageing than general-purpose cognitive functions.
Of the 37,448 candidates registered for the Foreign Medical Graduate Examination (FMGE) in June, 36,288 appeared and 4,635 qualified.
Indian athletes are undergoing a unique acclimatisation process at NSNIS Patiala and Bengaluru, spending nights in makeshift shipping container rooms. This initiative by the Sports Authority of India aims to prepare them for the unusual container-style accommodation awaiting them at the upcoming Aichi-Nagoya Asian Games in Japan, ensuring logistical issues do not distract from their performance.
IIT Madras has launched "Phiball," a new three-team basketball game designed to be faster, more accessible, and tactically demanding. Inspired by Omegaball, Phiball is played on a circular court, forcing players to adapt to new strategies and constant defense, making it an intense experience with low setup costs.
IIT Madras has launched "Phiball," a new three-team basketball game designed to be faster, more accessible, and tactically demanding. Inspired by Omegaball, Phiball is played on a circular court, forcing players to adapt to new strategies and constant defense, making it an intense experience with low setup costs.
