Benchmark lending rates unchanged with repo rate at 5.25%
Inflows into foreign currency non-resident (bank), or FCNR (B), deposits have significantly underperformed market expectations, leading to a more than 1 per cent depreciation of the rupee against the dollar this week. Analysts point to fading RBI support measures, tepid interest due to rising global bond yields, and narrowing interest rate spreads compared to 2013 as key challenges.
As the Medical Counselling Committee (MCC) web site opens for NEET-UG registration, aspiring medical students are urged to avoid simple, yet costly, mistakes during the online counselling process, with experts advising thorough preparation and careful choice filling.
India's wholesale price inflation (WPI) increased to 9.87 per cent in June, up from 9.68 per cent in May, primarily due to significant price increases in non-food and food products, with food inflation alone rising to 5.49 per cent.
Indian benchmark equity indices, Sensex and Nifty, extended their winning streak for a third consecutive day, driven by a rally in IT stocks and global cues suggesting a more accommodative monetary policy after softer-than-expected US jobs data.
The Congress party is set to challenge the Modi government on a range of critical issues, including alleged theft of Ram temple donations, 'systemic corrosion' of the education system, and constitutional amendment bills related to delimitation and dismissal of ministers, during the upcoming Monsoon Session of Parliament.
India's prominent table tennis player, Manika Batra, has been excluded from the national squad for the upcoming Asian Games due to her absence from domestic events, which impacted her national ranking. The Table Tennis Federation of India (TTFI) cited adherence to its selection criteria, which prioritises both national and world rankings.
Manika Batra took to X, voicing her concerns over the TTFI's decision on her non-inclusion in the Asian Games squad.
The Reserve Bank of India's proposal to allow non-banking financial companies (NBFCs) access to the term money market is projected to significantly increase market volumes by 40-60 per cent in the first year, potentially doubling turnover within two to three years, according to treasury executives.
'Banking is the only sector that can see double-digit growth in FY27.'
'For the rest of his tenure, people will start with the assumption that even Modi can be forced to bow down'
US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu are reportedly planning a White House meeting as early as next week, despite growing scepticism within Trump's inner circle regarding Netanyahu's actions and widening disagreements over regional security and Iran.
'Once the numbers come out, they fear that the OBCs would start to demand, and articulate what they are lacking, why they are lacking and what should be done to go forward.'
Indian stock market benchmarks, Sensex and Nifty, saw gains in early trading, driven by anticipation surrounding the Reserve Bank of India's monetary policy decision, despite mixed global cues and significant FII outflows.
The Reserve Bank of India (RBI) has kept its key lending rate, the repo rate, unchanged at 5.25 per cent for the second consecutive time, citing concerns over rising energy prices, supply disruptions from the West Asia crisis, and potential inflationary pressures.
Market participants are keenly awaiting regular, preferably weekly, updates from the Reserve Bank of India (RBI) on Foreign Currency Non-Resident (Bank), or FCNR (B), deposits, following the central bank's directive for banks to submit daily data on these inflows.
Prime Minister Narendra Modi criticised the Mamata Banerjee government in West Bengal, accusing it of misrule and hindering the state's progress. He appealed to voters to remove the TMC from power in the upcoming assembly elections, promising development and a corruption-free government under the BJP.
Prime Minister Narendra Modi was accorded a grand welcome on his arrival in Jakarta on Monday, with Indonesian Air Force fighter jets escorting the PM's aircraft upon entering Indonesian airspace, marking a ceremonial welcome.
Indian companies' overseas expansion plans are holding strong despite geopolitical tensions in West Asia, driven by structural factors like supply-chain diversification, free trade agreements, and market expansion, according to Ajay Sharma, managing director and head of banking at HSBC India.
The Indian equity market is set for an event-heavy week, with analysts pointing to the Reserve Bank of India's (RBI) interest rate decision, developments in the US-Iran situation, and crude oil prices as the primary determinants of market trends.
The Reserve Bank of India has increased its retail inflation projection for 2026-27 to 5.1 per cent, up from an earlier estimate of 4.6 per cent. This revision is primarily attributed to mounting input costs, driven by the pass-through of higher global energy prices to domestic petrol and diesel rates, which have seen significant increases since May.
The harsh truth is that the US is no longer a reliable partner, cautions Ramesh Menon.
Indian benchmark indices Sensex and Nifty closed marginally lower due to profit-taking, following the Reserve Bank of India's decision to keep the repo rate unchanged while lowering its growth expectations for the current fiscal year and forecasting higher inflation.
Haryana Sports Minister Gaurav Gautam announced that the state has appointed 33 sportspersons to coaching positions within the last month. These new coaches are expected to play a crucial role in identifying and nurturing grassroots talent to prepare athletes for future international competitions, including the 2036 Olympics. The state also highlighted its sports policy, which includes job reservations for outstanding sportspersons.
Bharti Airtel is strategically shifting its focus towards data centres, cloud services, and financial services as key drivers for its next phase of growth, leveraging significant past investments in digital infrastructure, as outlined by Chairman Sunil Mittal in the company's Annual Report for 2025-26.
The Asian Development Bank (ADB) has revised down India's GDP growth forecast for fiscal year 2026-27 (FY27) to 6.6 per cent from an earlier 6.9 per cent, primarily attributing the change to elevated energy prices stemming from the Middle East conflict. Despite this moderation, India is still expected to remain the world's fastest-growing major economy.
West Bengal Chief Minister Suvendu Adhikari announced that the state government will introduce a new recruitment policy in the next Budget session to address irregularities and scams that occurred during the previous Trinamool Congress government.
The government has released a set of FAQs to address concerns and clarify the details surrounding the Women's Reservation Bill, which aims to provide 33 per cent quota for women in legislatures.
Monthly gold imports have declined to 25-30 tonnes from 70-80 tonnes while recycling of old jewellery has increased following the recent hike in import duties.
The BJP has released its election manifesto for West Bengal, promising a hardline stance on infiltration, financial assistance for women and unemployed youth, and the implementation of the Seventh Pay Commission for state employees.
The Delhi High Court has upheld the Equestrian Federation of India's (EFI) selection process for the Asian Games dressage team, dismissing petitions from riders Anush Agarwalla and Sudipti Hajela. The court found no arbitrariness or procedural impropriety, reinforcing the principle that judicial interference in expert selection bodies is limited. Challenges regarding Minimum Eligibility Requirements (MERs), criteria interpretation, and bias were all rejected.
...exceeding their 49,340 crore equity selloff.
An Home Loan Protection Plan repays the outstanding loan if the borrower dies or suffers a covered disability.
Not a single retail outlet ran dry. Every household that wanted a cylinder got one. India faced neither a 1991 moment nor a 2013 one. Macroeconomic stability held. This was not an accident, and it was not luck alone. It was the work of a government that chose to act as it had during the pandemic -- deliberately and gradually, building one measure upon another rather than reaching for a single dramatic lever, explains V Anantha Nageswaran, chief economic advisor to the Government of India.
'The MPC is likely to prioritise the key mandate, which is inflation, while relying on other instruments to stabilise the currency and bond markets.'
India's wholesale price index (WPI) inflation surged to 9.68 per cent in May, up from 8.26 per cent in April, primarily due to significant increases in the prices of fuel and power, manufactured goods, and food items.
Notwithstanding the economic complementarities and the host of agreements for deepening economic relation on a host of areas, both sides share common viewpoints on the foreign policy domain and seek common grounds to serve as a counterweight to China, notes Dr Rajaram Panda.
Under attack over Janardan Dwivedi's pitch against reservation on caste lines, the Congress and the government on Wednesday distanced themselves from the senior leader's remarks, saying it was his "personal" view and they support, adhere and subscribe to the existing policy.
A caste recalibration is simmering just below the surface in UP.
The visit was expected to project Assam as the gateway to Southeast Asia and reinforce the state's emergence as a preferred investment destination.
