The bail plea of fugitive diamonds trader Mehul Choksi, wanted in India in connection with over Rs 6300-crore fraud in the Punjab National Bank (PNB), has again been turned down by a court of appeal in Belgium, just ahead of his extradition hearing before a court in that country, officials said. The court rejected the appeal on strong reasons conveyed by the CBI to the Belgian prosecution that Choksi had escaped from many jurisdictions earlier as well to evade legal proceedings and may flee to another country if let out on bail, they said.
'Things may get much worse before they get better,' predicts Ajay Chhibber.
He added that India sells to the US, its biggest "client", "massive" amounts of goods, "but we sell them very little - Until now a totally one sided relationship, and it has been for many decades."
State Bank of India has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and to report the name of its erstwhile director -- Anil Ambani to the Reserve Bank of India (RBI), according to a regulatory filing. Reliance Communications in a regulatory filing said that it has received a letter dated June 23, 2025 from the State Bank of India (SBI) to this effect.
'Both initiatives are welcome moves and we would commit ourselves with focused attention aligned with the national priorities, and pursue our exploration initiatives.'
Gagandeep Singh was among a slew of athletes across sports who were handed three-year ban by the National Anti-Doping Agency
India is aiming to become a global hub for green hydrogen exports, eyeing nearly 10 per cent of the worldwide demand by 2030, Union Minister Shripad Yesso Naik said on Tuesday. Addressing FICCI Green Hydrogen Summit 2025, the minister said 8.62 lakh tonne annual hydrogen production capacity has been awarded to 19 companies.
Oscar Piastri won the Dutch Grand Prix to take a mighty 34 point lead in the Formula One championship on Sunday as McLaren teammate and title rival Lando Norris saw his hopes go up in smoke.
'Xi is an individual led by a harder calculus and would scoff at melting over gestures.' 'That we did not know this was our failure,' asserts Aakar Patel.
India took another leap in space infrastructure with the foundation stone laid for a new launch pad at the country's second rocket port in Kulasekarapattinam.
The ICC is ready to sanction four-day Tests for smaller nations in the 2027-29 World Test Championship cycle but India, Australia and England can still play the traditional five-day matches.
Trump's one-on-one meetings with Putin during his first term were clouded with mystery. With only a translator inside the room, it was often unclear what exactly was discussed. Aides had a difficult time ascertaining if the two reached any agreements. After one such meeting, in Germany, Trump asked his interpreter to discard his notes.
On August 7, the US president announced doubling tariffs on Indian goods to 50 percent for India's purchases of Russian crude oil, but gave a 21-day window to negotiate an agreement.
"Commonwealth Games in India would leave lasting impact by boosting tourism, and creating jobs, the Government said in a statement.
'Scuttling 25 years of momentum with the only country that can serve as a counterweight to Chinese dominance in Asia would be a strategic disaster.'
Speaking shortly after, Trump stated he had yet to speak with Ukrainian President Volodymyr Zelenskyy but would do so imminently, along with other European leaders. He suggested a formal deal was not yet in place.
India and Russia always stood "shoulder-to-shoulder" even in the most difficult situations, Prime Minister Narendra Modi told Russian President Vladimir Putin on Monday, against the backdrop of possibly the worst phase in New Delhi's ties with the US in over two decades.
Amid trade tensions between Delhi and Washington, the NYT article gives an account of how relations between Trump and Modi "unraveled" after Trump's repeated claims of solving the four-day conflict in May between India and Pakistan, an assertion denied by India.
Trump stated that Russia will face "severe economic consequences" if Putin doesn't show interest in de-escalating the Ukraine conflict.
'Failure to meet this schedule will leave us with no alternative but to refer the matter to the relevant FIFA decision-making body for consideration and decision... including the possibility of suspension.'
Among Sensex firms, Eternal, Infosys, Asian Paints, HDFC Bank, Bajaj Finserv and Titan were the major gainers. However, Tata Steel, Tech Mahindra, Adani Ports and Bharat Electronics were among the laggards.
The USA's steep 50 per cent tariffs on Indian goods entering America will severely impact exports and job creation in labour-intensive export sectors such as shrimp, apparel, leather and gems and jewellery. Exporters said that the imposition of a 25 per cent penalty on India over and above the 25 per cent tariffs move will disrupt the flow of Indian goods to its largest export market.
State governments have requested the Centre for export incentives, lifting of import duty in the case of cotton for the textile sector and GST exemptions.
'Within 30 minutes of when Asim Munir made those comments, he should have been taken to Tampa airport and flown out of the United States.'
From just 0.2 per cent before the Russia-Ukraine war to now accounting for 35-40 per cent of total crude imports, India's reliance on Russian oil has surged -- drawing fresh scrutiny with US President Donald Trump announcing a penalty on top of a 25 per cent tariff, or tax, on all goods going to the US.
The Indian Air Force (IAF) is set to retire its MiG-21 aircraft in September after over six decades of service. The last of the MiG-21 jets will be given a farewell at a ceremony in Chandigarh.
'Once all the sanctioned works have been commissioned, the railways will be in a position to run 4,500 trains daily.'
Stressing that wars are "very bad", Trump said that he seems to have "an ability to end them, to get people together" for which he uses the "power of the United States".
Trump reiterated that he is not negotiating on behalf of Ukraine, but rather aiming to bring the parties to the negotiating table.
The Supreme Court on Monday agreed to hear on August 22 a matter involving a row between the All India Football Federation (AIFF) and Football Sports Development Limited (FSDL) over the fate of 11 Indian Super League (ISL) clubs due to the non-renewal of their contracts with the national federation and the tournament's organisers.
Rawal was handed a fine of 10 per cent of her match fee and given one demerit point for a Level 1 breach, concerning two separate incidents.
The point to note for India is that we must not panic. The United States may be our largest export destination, but high tariffs will not exactly mean gloom and doom. Sure, we can throw some morsels as we continue negotiating, but we must be firm that some red lines cannot be crossed, no matter what, asserts Shreekant Sambrani.
Even as Russia and West Asia have been slugging it out for market share in India to sell their crude oil, the US is quietly making its moves on the sidelines. The US has doubled its share of the Indian crude market in the past few months, according to industry sources and ship-tracking data. Some of the increase in America's market share may have come at the expense of Russia, India's biggest crude oil supplier, said industry sources.
As the results of last year's AITA elections stay unannounced, the rival factions in the national tennis federation have picked separate team managers for the upcoming Davis Cup tie against Switzerland, leading to an ego tussle between the members.
Brave statements such as we will continue to be the fastest growing large country are of no consolation, because the direction of trade also determines the flow of investment, points out M Govinda Rao.
Following the collapse of a bridge over the Mahisagar river, the Gujarat government has approved the construction of a new two-lane bridge with a budget of 212 crore.
US President Donald Trump on Wednesday slapped an additional 25 per cent tariff on goods coming from India as penalty for New Delhi's continued buying of Russian oil.
Gandhi urged the prime minister to speak out "clearly, boldly and forthrightly" on behalf of the legacy that India has long represented.
The over rate regulations must be modified according to the playing conditions in different continents, England Test captain Ben Stokes said on Tuesday, arguing that current rules unfairly penalise pace-heavy attacks.
Former Mumbai police commissioner A N Roy expressed shock over the Bombay High Court's acquittal of all 12 accused in the 7/11 train blasts case, defending the police investigation and expressing confidence in an appeal to the Supreme Court.
