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.
India's markets regulator Sebi has launched 'Demat 2.0', a pilot project for tokenisation of corporate bonds, enabling atomic settlement through integration with RBI's wholesale CBDC. This new market infrastructure uses Distributed Ledger Technology (DLT) to make bond issuance, trading, and settlement faster and more efficient. India is the first country to issue corporate bonds natively on a distributed ledger with central bank digital currency settlement. Additionally, RBI Governor announced new UPI innovations: 'Tap & Pay' for faster POS transactions and MyUPI, an AI-powered customer support solution.
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.
Prime Minister Narendra Modi has called upon the fintech industry to expand the global footprint of the Unified Payments Interface (UPI), advocating for its integration with international payment systems to reduce remittance costs for the Indian diaspora. Speaking at the Global Fintech Fest, Modi highlighted UPI's current presence in 11 countries and its connection with Singapore's local system, urging further expansion into nations with significant Indian populations or trade ties. He also stressed the need for India to set its own global payment standards and for the fintech sector to innovate beyond payments, focusing on cybersecurity, ethical data protection, and regulatory frameworks.
The Indian junior women's hockey team played a goalless draw against China in their final elite pool match of the Junior Asia Cup. This result secured India the top spot in their pool due to a superior goal difference, setting up a quarter-final clash against Pakistan.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, driven by a surge in Brent crude oil prices above USD 91 per barrel due to escalating tensions between Iran and the US, alongside an increase in US 10-year bond yields. Track Sensex, Nifty on August 18.
'You have to get private investment to somewhere between 35% to 36% of GDP. It is hovering about 30%-31%.'
The CPI and CPI(M) have announced they will contest one Assembly segment each in the upcoming Tamil Nadu bypolls, while continuing their outside support for the ruling TVK. This decision creates a five-cornered contest and highlights the Left parties' independent stance, aimed at preventing indirect BJP influence and addressing public issues.
Indian sprinter Gurindervir Singh, who holds the national record in the men's 100m, expressed renewed focus and confidence for the upcoming Asian Games after recovering from a hamstring injury that affected his Commonwealth Games performance. He stated he is "completely fit" and performing personal bests in training.
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.
This article details the quarter-century journey of BRICS, from its inception as an economic acronym by a Goldman Sachs economist to its current status as an expanded eleven-member international bloc. It highlights its growth, key historical moments, and the significance of its upcoming summit, particularly with Iran's renewed importance in discussions.
'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.'
Indian benchmark indices, Sensex and Nifty, saw declines in early trade, with the ongoing US-Iran standoff cited as a major factor impacting investor sentiment and raising concerns about inflationary pressures and currency volatility for oil-importing nations like India. Track Sensex, Nifty on August 14, 2026.
The White House has launched a major crackdown on the 'Great Transhipment Scam', accusing India and over 40 other nations of helping Chinese exporters bypass US tariffs by misrepresenting the origin of goods. The US plans to use AI-driven monitoring and anti-transhipment clauses in future trade agreements to strengthen enforcement.
Non-banking financial companies (NBFCs) experienced a significant 68.5 per cent year-on-year growth in gold-backed credit in July 2026, while banks saw their gold loan growth moderate to 88.1 per cent from 136.4 per cent a year prior, according to RBI data.
American 10th seed Amanda Anisimova was defeated by Austrian Anastasia Potapova in the third round of the U.S. Open. Potapova secured a 6-2, 7-5 victory, reaching the fourth round for the first time, while Anisimova struggled with unforced errors and failed to replicate her previous year's success.
"When you have more liquidity than good investment opportunities, there is no reason for MFs to sell a winning trade."
Indian benchmark equity indices, Sensex and Nifty, closed lower due to persistent geopolitical tensions in the Middle East and elevated crude oil prices, with investors remaining cautious ahead of fresh US sanctions on Iran.
The India-Oman free trade agreement, operationalised on June 1, is set to create significant export opportunities for India's labour-intensive and value-added sectors, including textiles, gems and jewellery, and marine products, while also strengthening energy security.
Iga Swiatek secured her spot in the US Open fourth round after a challenging two-set victory over Marie Bouzkova. Despite a difficult season, Swiatek displayed resilience, winning two tie-breaks and setting up a highly anticipated rematch with Zheng Qinwen.
American Frances Tiafoe defeated former champion Daniil Medvedev in a thrilling three-set match at the U.S. Open, reaching the quarter-finals. Tiafoe, who had a poor head-to-head record against Medvedev, showcased his best form, employing strategic net play and powerful groundstrokes to secure a significant victory.
A proposed Rs 1,200 crore Secretariat-Assembly complex in Pattinapakkam, Chennai, has ignited significant opposition from local fishing communities and various political parties. Residents fear displacement, loss of livelihood, and environmental damage, citing ancestral rights and broken promises. Political leaders across the spectrum are urging Chief Minister C Joseph Vijay to reconsider the site, highlighting concerns about ecological impact, traffic, and financial priorities.
Defending champion and world number one Aryna Sabalenka defeated American Taylor Townsend 6-4, 6-3 to reach the U.S. Open quarter-finals without dropping a set. Sabalenka overcame a challenging start to dominate the second set, securing her spot in the last eight.
Tigmanshu Dhulia's Ghamasaan brings back the dacoit genre with a gritty and realistic portrayal of ruthless bandits, featuring compelling performances from Arshad Warsi as the menacing Maharaj and Pratik Gandhi as the resolute police officer determined to bring him to justice, applauds Deepa Gahlot.
The Reserve Bank of India (RBI) has reported a significant increase in the use of the Indian Rupee (INR) for import and export invoicing and settlement, highlighting its growing internationalisation and mutual benefits for trading partners.
India is hosting the 18th BRICS Summit in New Delhi, bringing together numerous world leaders including presidents from China, Russia, South Africa, Iran, and Egypt, along with prime ministers and foreign ministers from other nations. The summit will feature bilateral talks and highlights the expanded BRICS grouping's growing global influence and India's significant role as a founding member and current chair.
A Delhi court has ordered the framing of money laundering charges against former railway minister Lalu Prasad Yadav, his wife Rabri Devi, son Tejashwi Yadav, and six others in the alleged IRCTC hotel scam. The court found strong suspicion of a manipulated tender for railway hotels and a quid pro quo involving land transfer at undervalued rates.
Prime Minister Narendra Modi is embarking on a two-nation tour to Uzbekistan and the Kyrgyz Republic, where he will attend the SCO Summit. He aims to advance India's vision for the region, focusing on security, connectivity, and opportunity, and to strengthen strategic partnerships in Central Asia, fostering a region free from terrorism.
A hooch tragedy in Sagar, Madhya Pradesh, has claimed 11 lives, with investigations pointing to a suspected link with cheaper spurious liquor supplied from neighbouring Uttar Pradesh. This incident echoes previous tragedies in the Bundelkhand region, highlighting the ongoing issue of cross-border alcohol trade.
Filipino tennis sensation Alexandra Eala defeated Ukrainian Oleksandra Oliynykova 6-1, 6-4 to advance to the third round of the U.S. Open. Eala, who previously lost to Oliynykova, showcased a dominant performance, particularly in the first set, and attributed her win to patience and consistent focus. Her victory was celebrated by a strong Filipino contingent in New York.
Prime Minister Narendra Modi and US President Donald Trump are set to hold comprehensive talks focusing on a bilateral trade deal, defence cooperation, and energy and critical minerals sectors during the G7 summit in Evian-les-Bains, France.
Indian benchmark equity indices, Sensex and Nifty, experienced declines in early trade due to a surge in Brent crude oil prices, which rose above USD 90 per barrel, coupled with subdued global cues and ongoing US-Iran skirmishes. Track Sensex, Nifty on Auigust 12.
On the 25th anniversary of that world-changing morning in New York, it is also for the rest of to reflect. Not only on those who were killed but also on why the event happened and what led to it and what came after it, asserts Aakar Patel.
The US senate last week passed a bill that would allow Washington to impose tariffs on major buyers of Russian energy.
The Nifty 50 experienced significant volatility during its closing auction session, leading to losses for both long and short retail options traders due to thin liquidity and rapid price swings, particularly in private-sector banks.
The Samyukta Kisan Morcha (SKM) has ended its protest at the Chandigarh-Mohali border after receiving written assurances from the Punjab government. The government has pledged to convene a state Assembly session within a month to address issues concerning river waters, agriculture, and farmer loans, including resolutions against old water agreements and certain central bills.
Mumbai Indians' cryptic Instagram post has ignited fresh speculation about Hardik Pandya's IPL future.
American tennis star Taylor Fritz was unexpectedly defeated by Argentina's Francisco Cerundolo in a five-set thriller during the third round of the U.S. Open, marking Fritz's earliest exit from his home major in four years. Cerundolo's improved play in the latter sets secured his first-ever spot in the U.S. Open fourth round.
Indian badminton star Kidambi Srikanth was defeated by Hong Kong's Lee Cheuk Yiu in straight games during the quarterfinals of the China Masters Super 750. Srikanth, a former world No.1, lost 16-21, 16-21 in a 39-minute match, ending his campaign despite a strong performance in the previous round.
Union Minister Ramdas Athawale stated that opposing reservation is unconstitutional and that the policy would be given up if casteism is eliminated. He highlighted the historical context of reservations for SC/ST and OBCs, and the Modi government's EWS quota. Athawale also criticised the opposition, praised government achievements, and discussed various welfare schemes and infrastructure projects in Chhattisgarh.
