Fitch Ratings has affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, acknowledging robust growth prospects and strong external finances. However, the agency highlighted concerns over elevated government debt, lagging structural metrics, and potential fiscal spending pressures due to rising youth unemployment.
Members of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) have indicated that interest rate hikes may be necessary sooner rather than later, as headline inflation is projected to rise from its current benign levels in the coming months, according to the minutes of the August review.
Analysts predict that crude oil prices, geopolitical tensions in West Asia, and upcoming inflation data will be the primary drivers of the Indian stock market this week, alongside foreign investor activity and domestic quarterly earnings.
Ahmedabad Cyber Crime Branch has uncovered a Rs 1.5 crore WhatsApp fraud, leading to the arrest of two key SIM and OTP suppliers in West Bengal. The investigation revealed a sophisticated international cybercrime network spanning China, Pakistan, India, and Hong Kong, operating a "boss scam" and utilizing a "Cybercrime as a Service" model. Police recovered a significant portion of the defrauded amount and secured thousands of devices.
A study by Amazon Ads reveals that nearly 87% of Indian small and medium businesses (SMBs) believe AI has opened up new advertising opportunities, including streaming TV. The research indicates that 75% of surveyed SMBs attribute business growth to AI-enabled advertising, with 68% noting increased creativity. AI is also facilitating international trade for 59% of businesses, though human oversight remains crucial in decision-making.
Disha Patani has never been one to shy away from a plunging neckline. In fact, deep necks seem to be one of the Awarapan 2 actress' favourite ways to make a fashion statement, and she wears them with the kind of confidence that makes the look feel effortlessly glamorous.
State-owned Coal India Ltd (CIL) and ArcelorMittal Nippon Steel India (AMNS) have signed an MoU to explore setting up a coal gasification plant near AMNS's Paradip pellet plant in Odisha. This initiative aims to produce synthesis gas for cleaner steel production, reduce reliance on imported fuels, and align with India's goal of gasifying 100 million tonnes of coal by 2030, supported by a Rs 37,500-crore government incentive scheme.
Maa Mansa Devi, revered as the Hindu goddess of serpents, is worshipped for protection from snakebites, fertility and prosperity. She is also popularly known as the wish-fulfilling goddess. In Hindu mythology, Mansa is associated with sage Kashyapa and is regarded as the sister of Vasuki, the serpent king.
The Reserve Bank of India has marginally increased its GDP forecast for the current fiscal to 6.7 per cent while slightly lowering the inflation projection to 5 per cent. The central bank noted that while domestic economic activity shows resilience, global turbulence, particularly re-escalating conflicts and volatile oil prices, continues to pose risks to the inflation outlook.
Indian benchmark indices, Sensex and Nifty, saw early gains driven by lower crude oil prices and buying in Reliance Industries, even as the Reserve Bank of India maintained its benchmark policy rate for the fourth consecutive meeting, reinforcing confidence in the domestic economy.
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TMC MP Mahua Moitra has written to Lok Sabha Speaker Om Birla, seeking his intervention after she was allegedly forced to vacate a circuit house in Nadia district, claiming harassment and threatening legal action. She reported a crowd shouting 'Jai Shree Ram' slogans outside the premises after her refusal to leave.
Manappuram Finance has announced the appointment of Ashish Singh as its new managing director and chief executive officer, effective January 1, 2027, marking a significant shift from its family-led governance structure.
Meghalaya is experiencing escalating tensions marked by arson and petrol bomb attacks on government properties, following violence during a Khasi Students' Union rally. The incidents are linked to an inter-state taxi standoff with Assam, leading to deployment of central forces and calls for peace from chief ministers.
Tamil Nadu Chief Minister C Joseph Vijay announced a comprehensive waiver of cooperative farm loans, providing full relief for loans up to Rs 75,000 and partial waivers for higher amounts, benefiting over 1.38 lakh farmers with an additional financial commitment of Rs 953.06 crore.
Tata Sons approached the RBI in 2024 seeking de-registration after becoming debt-free, a move that would allow it to remain a privately held, unlisted company. The application has remained pending.
A special NIA court in Jammu has rejected the bail plea of Insha Jan alias Insha Tariq, an accused in the 2019 Pulwama suicide attack that killed 40 Central Reserve Police Force personnel, observing that sufficient material existed on record to presume that the accusations against her were prima facie true.
India's foreign exchange reserves increased by USD 2.362 billion to reach USD 703.308 billion for the week ending April 17, as reported by the Reserve Bank of India (RBI).
Sumit Sarkar was never intellectually dismissive of the Hindutva project. He took it with deadly seriousness for he grasped the challenge it posed to the aspirations and ideals of the anti-imperialist movement that generated multiple imaginings of freedom and ways to attain it, recalls Pradeep Kumar Dutta.
Gold futures saw a significant rise for the second consecutive day, driven by strong overseas market rallies, increased safe-haven demand due to geopolitical uncertainties, and a weaker US dollar. This surge coincided with the Reserve Bank of India's decision to maintain its repo rate, reflecting a focus on growth amidst global inflation concerns and easing oil prices.
Former West Indies cricketer Ian Bishop hailed Bangladesh's "momentous achievement" after their stunning nine-wicket win over Australia in the first Test in Darwin on Sunday.
India's foreign exchange reserves saw a significant increase of USD 6.295 billion, reaching USD 696.988 billion for the week ending May 8, as reported by the Reserve Bank of India.
Five Army personnel are missing after a flash flood in Arunachal Pradesh's Dibang Valley, while four people died in a landslide in Upper Subansiri district. Both incidents occurred on Friday evening, triggering extensive search and rescue operations involving multiple agencies.
A savings or current account with no customer-induced transaction for more than 24 months is classified as inoperative.
Indian Grandmaster Arjun Erigaisi has voiced significant reservations regarding a proposal by World Chess and FIDE to convert online rapid and blitz ratings into official FIDE ratings. He highlights fundamental integrity issues, such as mouse slips and the lack of physical supervision in home-based online play, making it difficult to ensure fair play. Erigaisi also commented on World Champion D Gukesh's recent form and dismissed the idea that AI diminishes creativity in chess.
Keeping KYC information accurate and current should, therefore, be seen not merely as meeting a regulatory requirement, but as an important part of safeguarding one's own financial identity and safety, explains RBI Deputy Governor J Swaminathan.
The Reserve Bank of India's concessional swap facility, designed to boost foreign currency inflows, has successfully attracted USD 40.82 billion by July 31, 2026, with a significant portion coming from Foreign Currency Non-Resident (Bank) deposits.
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India's wheat and rice reserves in Food Corporation of India (FCI) godowns have surged to 604.02 lakh tonnes as of April 1, nearly three times the mandatory buffer requirement, according to official data.
India's trade deficit reached a six-month high of $31.98 billion in July, driven by a sharp increase in imports, particularly crude oil, electronic goods, coal, and fertilisers. Both merchandise exports and imports recorded their second-highest levels during the same period.
While the latest trigger for him stepping down could be the uncertainty around his renewal as a director at the AGM, which is otherwise a routine matter, Chandra may have been contemplating quitting for some time now because of the overall turbulence with the principal shareholder on the leadership issue.
The Reserve Bank of India (RBI) has extended the implementation date for its revised loan recovery and agent engagement directions to January 1, 2027, from the previously proposed October 1, 2026, following stakeholder feedback.
The Reserve Bank of India (RBI) maintained its key policy rates for the fourth consecutive time, keeping the repo rate at 5.25 per cent, while the benchmark BSE Sensex closed 152 points higher in a volatile session, recovering from an intraday dip.
Former Australian hockey legend Jamie Dwyer believes the Indian team possesses the talent and infrastructure to become a dominant force in world hockey but stresses that 'they need to maintain consistency as a team' to realise their true potential.
Manas Dhamne has received his first call-up to India's main Davis Cup squad for the Qualifiers Round 2 tie against South Korea in Seoul on September 18-19, joining a core team that recently secured a historic win over the Netherlands.
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.
Former Pakistan fast bowler Shoaib Akhtar believes he could have achieved 400 Test wickets under the captaincy of Imran Khan, reflecting on his career, his relationship with Wasim Akram, and the immense physical toll his express pace bowling took on his body.
The Supreme Court has urged the CBSE to reconsider the implementation of its three-language policy for Class 9 students, emphasising that children should not be subjected to undue pressure. The court highlighted concerns about infrastructure, the starting point of the policy, and the definition of 'native' languages.
'They want to sabotage the caste census and bury Muslim backward classes, Hindu backward classes, Sikh backward classes and Buddhist backward classes.'
Indian benchmark indices Sensex and Nifty saw declines in early trade, primarily due to elevated crude oil prices stemming from the unresolved geopolitical situation in the Strait of Hormuz. Analysts suggest that while global sentiment improved slightly after a benign US inflation report, the ongoing US-Iran standoff continues to exert pressure on domestic equities. Track Sensex, Nifty on August 13.
