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Should you prepay your loan early? Expert weighs in on interest savings, EMIs and future borrowing
Should you prepay your loan early? Experts explain how prepayment can reduce interest costs and debt, why timely EMI payments matter more for credit scores, and what borrowers should check before using savings to close a loan early.
BRICS Summit 2026 Live Updates: Xi Jinping leaves for New Delhi, to hold talks with Modi
Leaders of the BRICS group of nations are set to meet today in New Delhi for their annual summit, amid mounting geopolitical tension, disruptions in energy markets, shipping, and global trade.
Celebrity trainer Yasmin Karachiwala shares a six-exercise home leg workout. This routine targets quads, hamstrings, and glutes for balanced lower-body strength. Exercises like sumo squats and alternate front lunges build muscle effectively. Wall squat holds and ball bridges enhance stability and muscle engagement. Read on to know more about it..
Noticing ongoing health changes can point to serious underlying issues that need medical investigation. For instance, developing diabetes after the age of fifty, experiencing unexplained weight loss, or observing changes in stool colour could be early warning signs of pancreatic cancer, claims Harvard-trained gastroenterologist Dr Saurabh Sethi. Additionally, symptoms like yellowing skin, constant itching, new food intolerances, and back pain should prompt a visit to a healthcare professional for further evaluation.
Weather Today: IMD has forecast rain across several states on September 12, with Delhi, Punjab, Uttar Pradesh, Madhya Pradesh, Gujarat, Andhra Pradesh, Telangana and Karnataka all seeing varying chances of showers. Heavy to very heavy rainfall is possible in parts of Madhya Pradesh, Gujarat, Andhra Pradesh and Telangana during the coming days.
Harish Rawat steps down from Congress posts after cash, gold recovered from his PA
Rawat, a former CM, was a member of the Uttarakhand Pradesh Congress Committee executive and a permanent invitee to the Congress Working Committee at the national level.
The future of Indias nuts and dry fruits sector: Built on policy, partnerships and people
India has the potential to become not only one of the worlds largest consuming markets, but also a stronger and more influential participant in the global nuts and dry fruits value chain
Lalbaugcha Raja 2026 first look unveiled in Mumbai ahead of Ganesh Chaturthi on September 14
Odisha secures Rs 2.43 lakh crore investment proposals during UAE outreach
Odisha secured investment proposals exceeding Rs 2.43 lakh crore from the UAE. The outreach program yielded twenty-four MoUs and investment intents from various sectors. These proposed projects are expected to create over 6.18 lakh jobs in Odisha. Major companies signed MoUs for LNG storage, green energy, and housing projects. The initiative concluded with an investors' meet and engagement with the Odia diaspora.
BRICS has the oil jackpot. Now comes the hard part
BRICS is gaining weight in global energy markets as its 11 members include major oil producers such as Russia, Saudi Arabia, Iran and the UAE, along with major consumers India and China. The grouping accounts for roughly 41-47% of global crude oil production, but differences among members make a common energy policy difficult.
US Ambassador Sergio Gor in Manipur, visits Loktak Lake in Bishnupur district; enjoys boat ride
Xi-Modi meeting: China says it will properly handle differences with India
China and India are arranging a bilateral meeting between their leaders. This proposed meeting marks the third consecutive year of engagement. Beijing seeks to build on strategic guidance and enhance cooperation. The engagement follows a period of tensions after the Galwan Valley clash. Both nations aim to consolidate recent improvements in their bilateral ties.
A minor's 1.17 crore interest income led to a 12.83 lakh penalty for his father. The tax officer denied a reduced rate under the India-UAE treaty and penalised for supposed under-reporting. Here's what happened next.
Sweet and sour: Indias sugar sector braces for a testing 2026-27 season
For now, the sector waits on the September monsoon, and on a single ethanol notification
BRICS Traffic Diversions: Delhi traffic police has imposed restrictions and diversions on September 12 due to the BRICS Summit, affecting key roads and routes to the airport and major railway stations. Passengers travelling by flight or train should leave early, check diversions and verify train running status before starting their journey.
Ben Shelton beats Frances Tiafoe, will play Alexander Zverev for the US Open men's singles title
Shelton pulled out a 4-6, 6-3, 6-3, 7-5 victory on Friday and will play No. 1 seed Alexander Zverev on Sunday for the U.S. Open title.
Russian President Vladimir Putin blamed Western systemic mistakes for current European challenges. The far-right Alternative for Germany party surged to first place in Saxony-Anhalt elections. This historic win marks the first time a far-right party topped a state election since World War II. Former Chancellor Angela Merkel acknowledged some past decisions fueled support for the AfD. Mainstream parties maintain a refusal to cooperate with the AfD, known as the 'firewall'.
Vylor plans to develop its Hyderabad centre as gene-editing hub for Asia
The new firm will maintain the $1 billion annual R&D budget, while Corteva will make independent decisions on spending in R&D on crop protection
From frozen borders to a fragile thaw: The India-China story since Galwan
Prime Minister Modi and President Xi Jinping will meet amid improved India-China relations. A deadly 2020 border clash led to increased scrutiny and bans on Chinese apps. Disengagement pacts were reached, pulling back troops from several confrontation points. Trade and business ties have since improved significantly between the two nations. However, substantial military deployments and territorial disputes continue to remain.
Vijay Deverakonda co-launches Unhype, a skincare brand
Unhype has been developed as a functional skincare line for young Indians, particularly the 18-30 age group, with products designed around real Indian skin, weather and everyday conditions. The brand focuses on simple routines, science-backed formulations, transparent claims and honest pricing.
Samsung may charge Apple $250 for each foldable iPhone display under reported three-year deal
Samsung Display will reportedly supply Apple's foldable iPhone inner screen. This exclusive three-year agreement includes subsequent models and costs $250 per panel. The complex folding display requires advanced technology and multiple layers for durability. This deal positions Samsung as a key partner in Apple's foldable market entry. The reported iPhone Duo is expected to launch at a high price point.
US Open: Alexander Zverev survives Karen Khachanov in two tie-breaks to reach men's singles final
Zverev, who spent almost three hours on court in Friday's semifinal, recovered from deficits in both tie-breaks to defeat the World No. 50 and book his place in his sixth major final.
US finalises steep duties on solar imports from India, Indonesia, Laos
The US Commerce Department imposed anti-dumping and countervailing duties on solar imports from India, Indonesia and Laos, citing cheap exports and government subsidies
Nitin Gadkari at Global Fintech Fest 2026: Barrier-free tolling on highways to be rolled out by Feb
Meal satisfaction depends on the balance of food volume and nutrient density. As per Delhi nutritionist Lovneet Batra, whole fruits are more beneficial than processed jams, as they contain more fiber and water, aiding in fullness. Potatoes, with their fiber and nutrients, contrast sharply with chips, which are calorie-heavy post-frying. Air-popped popcorn also provides a greater serving size than peanuts while remaining budget-friendly. Prioritizing nutrient-dense, minimally processed items enhances the quality of meals.
The Rishikesh-Karnaprayag rail project marked a remarkable construction achievement, as engineers hailed the completion of the first escape tunnel at Dhalwala. Spanning 10 kilometers, this tunnel connects Dhalwala to Neer Gaddu, furthering progress in the demanding mountainous project. With 22 out of 28 tunnels finished by Rail Vikas Nigam, this railway link promises to enhance Uttarakhand's transport facilities in steep terrains.
Bank holiday today: Are HDFC, ICICI and SBI branches closed on Saturday, September 12?
All bank branches in India are closed today due to the second Saturday of the month, but online services remain available. Details of upcoming bank holidays here.
From the emotional journey of Suriya starrer Vishwanath and Sons and the physical challenges of Physical: 100 Italy to supernatural suspense and science experiments, Netflix has several options for different moods this weekend. Read on to know when to watch these releases online.
Brand Growth Strategy 2026: How businesses can turn visibility into long-term influence
A strong brand story can lose impact if it reaches the audience only once. Businesses are increasingly looking at ways to extend important conversations across live, audio, and social formats.
US declares end of largest recorded cyclosporiasis outbreak
U.S. health officials have officially declared the conclusion of the largest multistate cyclosporiasis outbreak in the nation. This severe incident involved contaminated iceberg lettuce, leading to widespread illnesses and significant food recalls. The outbreak has been traced back to lettuce harvested by Taylor Farms in central Mexico, resulting in over twelve thousand reported cases and two fatalities across twenty-one states.
Credit score 780, but home loan application rejected? Expert explains what lenders look for
Credit score 780 but home loan rejected? Experts explain why a high CIBIL score may not guarantee approval, covering income stability, existing EMIs, repayment capacity, property value and documentation that lenders assess before sanctioning a home loan.
J&J orthopedics unit draws Apollo interest in potential $20 billion deal: Report
Apollo Global Management is in discussions to acquire Johnson & Johnson's orthopedics division, which could be worth around twenty billion dollars. In addition to this, Johnson & Johnson is contemplating the option of spinning off this unit into a separate public entity. This strategy aligns with the company's aim to concentrate on more lucrative healthcare areas, reflecting the growing private equity interest in the healthcare industry.
Trump says he would be OK with China building cars in US
President Donald Trump has expressed his willingness to permit Chinese automakers to set up production plants in the United States, provided they hire American workers. He clarified that he opposes the idea of these companies manufacturing vehicles in Mexico. With Japan already having established manufacturing operations in the US and employing local labor, Trump's statement comes amid considerable pushback from US lawmakers and domestic car manufacturers.
Haiwaan Box Office Collection Day 1: Haiwaan debuted with a modest net collection of Rs 3 crore in India, facing fierce competition from Hanuman Ansh and Mirzapur The Movie. Hanuman Ansh continues to thrive after an impressive 36-day run, while Mirzapur The Movie holds audience interest in its second week. It is important for Haiwaan to boost up its box office figures over the weekend, as this could majorly impact its overall performance. Read on!
Gulf oil threatened anew as Houthis reach key island and pipeline is shut down
The Houthis have seized control of Perim island, significantly affecting a crucial shipping corridor. Additionally, a drone strike originating from Iraq temporarily disrupted Saudi Arabia's oil pipeline, intensifying the strain on Gulf oil exports during a period of stalled diplomatic negotiations. In response to this rising threat, Saudi Arabia has sought military support from Washington. The intensifying conflict is alarming global markets regarding energy supplies and pricing.
India and Russia agreed to expand industrial collaboration across manufacturing and critical minerals. They aim to reach a $100 billion bilateral trade target by the year 2030. Defence and energy cooperation progress was also reviewed by the two leaders. Discussions included boosting Make in India and reducing the trade gap. Both nations are also exploring joint energy projects and civil nuclear cooperation.
Houthis seize strategic Red Sea island, raising fresh threat to Saudi oil exports
Iran-backed Houthi rebels have captured Yemens Perim island in the Bab el-Mandeb Strait, according to officials from both sides, potentially tightening their grip on a crucial Red Sea shipping route. The development comes as Saudi Arabia relies more heavily on the corridor after the Iran conflict effectively closed the Strait of Hormuz.
The route to success is sometimes boring, monotonous and devoid of excitement. Success requires commitment and dedication. Kobe Bryant, the late basketball legend, once said that everyone wanted to succeed, but few people realised that success required patience, sacrifice and consistency. And that required accepting the beauty of boring routines.
High school student Alex Patrone found a meaningful project during quarantine after receiving a 3D printer for his birthday. After making household items, toys, puzzles, containers, stands, and other products for his family, he decided to combine his interest in 3D printing with his desire to help people who were less fortunate. Through his project, Will Print for Food, Patrone offers 3D-printing services to the public and directs 100% of the profit, after materials and shipping costs, to charity. The selected organizations are Grassroots Crisis Intervention Center and Feeding America, with donations split evenly between the two organizations.
Reese Witherspoons former Libbey Ranch in Ojai was a seven-acre property combining historic architecture with extensive grounds and multiple amenities. Designed by architect Wallace Neff, the property was originally built in 1923 as stables for Edward Libbey. The ranch featured a two-story main house, guest cottages, a carriage house, swimming pool, barn, stables, pastureland and mature oaks. Witherspoons acting career and other real estate holdings were also noted.
Gulf states weigh rare meeting with Iran next week on Hormuz
Gulf states are considering a meeting with Iranian officials next week. Oman aims to convene foreign ministers to discuss the Strait of Hormuz. Escalating hostilities in Yemen may complicate these sensitive diplomatic plans. Iran stated plans are underway for discussions with Gulf neighbors. The Bab el-Mandeb chokepoint has become particularly sensitive for oil markets.
Quote of the Day by Melanie Perkins It's important to tell the story, because if your audience doesn't understand the problem, they won't understand the solutionhighlights a powerful lesson about communication, storytelling and business success. The Canva CEO explains why understanding the problem is essential before presenting a solution, offering an important takeaway for entrepreneurs, leaders, professionals and anyone trying to communicate ideas effectively.
AI, trauma, bionics: Indias top institutes join forces to develop medical care for soldiers
Top Indian health institutions are partnering with the Armed Forces Medical Services. These collaborations focus on developing advanced medical solutions for soldiers. Research areas include trauma care, infectious diseases, and digital health technologies. This initiative aims to address India's specific climatic and battlefield conditions. The government is expanding defense-oriented medical research for operational needs.
Ultraviolette sees Indian motorcycle market going 20% electric in 2-3 years
Ultraviolette Automotive anticipates electric motorcycles will capture twenty percent of India's market soon. The company is investing heavily in a new manufacturing facility in Tamil Nadu. This expansion will significantly increase production capacity for their electric vehicles. Ultraviolette plans to launch several new models, including more affordable options. The firm also aims to expand its presence into North and Latin American markets.
India says 'I do' as wedding boom sends hotel bookings soaring
Hotels are experiencing a significant increase in wedding bookings for upcoming seasons. Most prime dates at popular destinations are already reserved by planners. Enquiries and confirmed bookings are arriving four to six months in advance. Hoteliers anticipate double-digit revenue growth in the wedding segment. Spending on curated guest experiences and personalized decor is also rising.
Marengo Asia Hospitals raises Rs 400 crore from LeapFrog Investments to double bed capacity
Marengo Asia Hospitals has raised Rs 400 crore from LeapFrog Investments to expand its hospital network, with plans to more than double capacity to over 4,000 beds within two years. Backed by Samara Capital and Godrej and Havells family offices, Marengo operates five hospitals across the NCR, Gujarat and Rajasthan.
Imported dialysis solution fails endotoxin test in Himachal; lab flags nine regulatory violations
A Himachal Pradesh government drug laboratory has declared two batches of an imported peritoneal dialysis solution Not of Standard Quality after they failed bacterial endotoxin tests. The report also flagged nine regulatory violations, including use of non-Indian pharmacopoeial standards, labelling deficiencies, missing safety warnings and inadequate importer details.
Non-grocery sections emerging as big business in quick commerce: Flipkart exec
Quick commerce platforms are expanding beyond groceries to include electronics and beauty products. Flipkart Minutes is focusing on non-grocery categories for the upcoming festive season. Industry estimates show non-grocery items now form a significant portion of quick commerce business. Flipkart Minutes plans to add more fulfillment centers to support this expansion. The company is improving its profit margins and aims for profitability through scale.
Tier-2 cities in India are leading digital credit and inclusion, with an average score of 58.64, ahead of Tier-1 and Tier-3 cities, the Digital Credit & Inclusion Index (DCII) 2026 by Pahl India Foundation and Amazon Pay found.
Record $44.9 bn surge in a week makes India 4th-largest Fx holder
Gold reserves, by contrast, declined by $2.59 billion to $113.81 billion during the week as gold prices fell 0.56 per cent to $4,429 an ounce
GAIL Gas employs blended pricing to keep industrial natural gas affordable. This strategy uses varied gas supplies and contractual flexibility to sustain demand. Global fuel prices have surged, impacting industrial and commercial customers significantly. Sales to industrial clients are currently ten percent below last year's levels. GAIL Gas's procurement portfolio aids in offering lower blended prices.
As China slows, global FMCG and consumer giants from L'Oreal to Nestle bet big on India
India is becoming a key growth focus for global consumer companies. Rising incomes and expanding retail offer significant untapped market potential. Companies see opportunities to increase consumption and introduce new products. This shift occurs as China's growth moderates and mature markets show less room. India's large population presents a substantial long-term opportunity for expansion.
Brics flags 'unilateral' tariffs, trade barriers as global risks
BRICS raises concerns over unilateral tariffs and trade barriers, backs WTO-led multilateralism and explores local-currency payments and emerging financial technologies
Russias Sberbank plans major India push, to build business hub
Sberbank CEO Herman Gref announced plans for new financial and technology infrastructure tools. The bank will establish the largest Russian business hub in India, expanding its presence. Sberbank has been developing its financial business in India for sixteen years. Money transfers between India and Russia now take only minutes, improving business opportunities. Two office buildings are under construction and will be commissioned in 2028.
BRICS finance chiefs flag tariff risks, push cross-border payments
BRICS finance ministers voiced concerns over unilateral trade actions and tariffs. They endorsed efforts for cross-border payment interoperability and local currency settlements. The group also called for reforms of global financial institutions like the IMF. These reforms aim to give emerging markets greater voice and representation. The leaders met in Mumbai to discuss these pressing global economic issues.
North Carolina has embraced sustainability by turning a retired wind turbine blade into an impressive public art bench known as 'Winds of Welcome.' This initiative showcases local artistry while addressing the recycling difficulties associated with turbine blades. By converting industrial waste into functional art, the project encourages eco-friendly practices and enhances community spaces, demonstrating an inspiring model for future initiatives.
He had 15 lakh in savings but still lost money. Heres how a 32-year-old fixed his portfolio
A software engineer saved 15 lakh but lost purchasing power due to low savings interest. Advised by a financial planner, he allocated funds effectively, setting goals for emergencies, a house, and retirement. His experience highlights how inaction can be a financial decision.
Education loans: Parent or student who should sign on the dotted line?
Unlike traditional consumer debt, education loans evaluate a candidate's future earning capacity rather than just existing income.
Indias forex reserves jump by a record $44.903 billion
In the previous reporting week, the overall reserves increased $11.475 billion to a new all-time high of $740.803 billion
Quote of the Day by Confucius: If what one has to say is not better than silence, then one should keep silent highlights the value of thinking before speaking. The ancient philosophers words suggest that not every thought needs to be expressed, especially when speaking could add little value, create unnecessary conflict or cause harm. The quote also offers a lesson in self-control and wisdom.
UP RERA approves 13 realty projects worth Rs 2,380 cr; Barabanki tops list
Uttar Pradesh RERA approved thirteen real estate projects valued at over Rs 2,380 crore. These projects will create 4,724 residential and commercial units across six districts. Barabanki received the highest investment while Lucknow saw the most units approved. Varanasi, Ghaziabad, Gautam Buddh Nagar, and Agra also received project approvals. The approvals aim to boost construction activity and economic growth within the state.
Today, we calculate the minimum amount you would need to invest in your / your child's PPF per month in order to successfully become a crorepati over the long run. Below is how the calculation works out for every 5-year delay:
What does it actually take to be considered rich in India? A monthly income of Rs 2.5 lakh may sound high, but for many people it still does not feel like enough to move beyond the middle class. The answer can change sharply depending on location, family responsibilities, accumulated wealth and the lifestyle a person wants to maintain.
India's forex reserves surge $44.90 billion to record $785.71 billion, RBI data shows
The increase was mainly driven by a sharp rise in foreign currency assets, while gold reserves declined during the week. The record reserves provide India with a strong buffer against external shocks and global financial market volatility.
India-EU FTA: EU gets tariff quota for 1 lakh cars initially, rising to 1.6 lakh
The India-EU free trade agreement will allow European automakers to export 1 lakh passenger vehicles annually at concessional duties initially, rising to 1.6 lakh from the 10th year. The pact also offers tariff concessions on electric vehicles, wines, pork, apples, kiwifruit, pears and peaches through quotas and price-based conditions.
Peru awaits India response as trade talks near end, minister says
Peru sent a counterproposal to India for a free trade agreement. This deal is hoped to be signed by the year 2027. India has become Peru's second-largest export destination this year. Peru also discussed recent United States duties on its exports. Discussions continue regarding tariffs and bilateral trade relations with Washington.
Who says you cant be active and strong at the ripe old age of 92? The video of a woman in her 90s performing squats has gone viral on Instagram. She revealed how she did not live a very healthy life in her 60s; she started some healthy habits gradually, and at 92, she is stronger and more energetic than ever.
Cochin Shipyard, DP World arm to develop and run Kochi ship repair facility
Cochin Shipyard Limited and Drydocks World will jointly operate the International Ship Repair Facility. This partnership aims to expand the facility to meet growing regional and global demand. The collaboration will create additional capacity for servicing a wider range of vessels. India aims to become a top shipbuilding nation by 2030 and 2047. This public-private partnership marks a significant step for India's ship repair sector.
India-EU FTA progress: European Commission moves to get it signed
The European Commission has formally proposed signing a Free Trade Agreement with India. This proposal clears the path for early approval by the European Council. Over ninety-nine percent of Indian exports will gain duty-free entry into the EU bloc. The European Union will receive access to the Indian market for cars and wines. Both sides anticipate the Free Trade Agreement will come into force in early 2027.
Global yields surge: How they affect the Indian bond market and why domestic factors matter
Analysts believe domestic economic conditions remain the key factor determining the direction of Indian bond yields, rather than movements in global yields alone.
FM Sitharaman pushes RBI to sharpen digital rupee as tokenisation takes off
Finance Minister Nirmala Sitharaman urged the Reserve Bank of India to advance digital rupee pilots. She highlighted tokenisation's role in enabling near-instantaneous settlement of financial transactions. Sitharaman advocated for a soft-touch regulatory approach to emerging technologies like artificial intelligence. She warned of AI's risks while emphasizing responsible adoption for competitiveness. Greater coordination among regulators and industry self-regulation were also called for.
BRICS fin mins, central bank chiefs raise concerns on unilateral trade and finance-related measures
BRICS finance ministers and central bank governors voiced concerns over unilateral trade measures. They backed efforts for cross-border payment interoperability and local-currency settlements. The group also called for reforms of international financial institutions for greater representation. Development finance and customs cooperation initiatives were also discussed by the members.
Researchers relocated beavers to Utah's arid Price and San Rafael rivers in 2019. Many animals did not survive, while some built dams at restoration sites. Human efforts also removed obstacles, allowing the Price River to flow more freely. The San Rafael River saw increased riparian habitat after natural blockages occurred. Beavers can complement restoration, especially as western rivers face increasing drought.
Dubais Drydocks World eyes further investments in India
Under the arrangement,the jointventurewilloperate, consolidate and expand theship repair facility in Kochi creating additional capacity
Akshay Kumar and Saif Ali Khan have reunited on screen in Haiwaan, Priyadarshans crime thriller that released in theatres on September 11. The film has already sparked interest among viewers for its dark storyline, the contrasting roles of its lead actors and the reunion of Akshay and Saif after Tashan.
Drydocks World, Cochin Shipyard sign JV to expand ship repair facility
Agreement builds on MoU signed by Drydocks World and CSL during India Maritime Week 2025
Two merchant vessels collide off Gujarat coast; Indian Coast Guard rescues 21 crew members
Two merchant vessels collided off Gujarats Kandla coast, prompting the Indian Coast Guard to launch a rescue operation. The force said 21 of 24 crew members aboard MV KMAX EMPEROR were safely evacuated following the collision with MV TRUE MARINER at the outer anchorage. Further details are awaited.
SBI developing solution to use UPI data for checking creditworthiness of small biz
State Bank of India is developing a UPI data solution for small businesses. This initiative aims to assess creditworthiness without requiring GST registration for these entities. The bank expects to provide digital loans within a single day for eligible borrowers. This new approach will help bring more businesses into the formal finance sector. UPI transactions will serve as a proxy for sales data in loan assessments.
EU dropped aluminium scrap duty plan over India concerns, sources say
The European Union has dropped a proposed export duty on aluminum scrap. This decision was made to avoid complicating a free trade agreement with India. The EU will now use environmental rules to manage scrap exports instead of the levy. This reversal follows internal negotiations and pressure from India. The EU aims to finalize its trade deal with India in December.
Vishals latest film Magudam has been drawing attention for a major career milestone for the actor, who takes on a new responsibility with the project. The Tamil action drama also features Anjali and Dushara Vijayan in important roles and revolves around a complicated relationship, violence and revenge. Heres what to know about the film and its much-awaited digital release.
India-EU FTA heads to EU Council for approval, signing likely in December
If authorized by the Council, this will be the largest trade agreement ever concluded by both the EU and India, the European Commission said in a statement
SWP: Here's how to generate 50,000 per month as steady income while keeping your corpus invested
Today, we explain how much you would have to invest in a systematic withdrawal plan (SWP) in order to receive 50,000 per month as steady income after retirement, while keeping your corpus invested.
Modi, Putin focus on trade, defence, energy ties ahead of BRICS Summit
Critical minerals, fertilisers and civil nuclear cooperation on the table; Moscow pushes to finalise defence deals as India looks to narrow trade deficit
RBI should hike rate by 25 bps in October to counter external shocks: Report
An SBI research report recommends the Reserve Bank of India raise interest rates. The central bank should implement a 25 basis point hike next month, it says. This action aims to counter external shocks and rising crude oil prices. Inflationary pressures are also showing signs of becoming more widespread. The report advocates for a second rate increase in December.
Bank of India mobilises $2.33 billion via FCNR(B), enough to meet one-quarter lending needs: CEO
Bank of India secured USD 2.33 billion through FCNR(B) deposits, replacing bulk funding sources. This mobilization will meet approximately three months of the bank's lending requirements. The Reserve Bank of India announced this special deposit scheme to strengthen liquidity positions. Banks are diversifying their deposit bases amid increasing credit demand from customers. The bank will maintain its 15-17 percent credit growth target for the year.
'Not just marriage with brother, more illegal stuff': Mullin drops bombshell on Ilhan Omar probe
Henry Xie, a 17-year-old Portland student developed a way to transfer empathy from large AI models to smaller models for his Regeneron Science Talent Search computer science project. His Science project could help make more caring, human-centered AI available on smartphones and everyday devices without requiring the massive computing power of large models.
Bank deposits grow 17.8% in August, fastest in decade as FCNR-B inflows mask local mobilisation woes
Bank deposits grew 17.8% year-on-year at the end of August, the fastest pace in a decade, driven largely by a surge in FCNR-B deposits after the RBI opened a special window for dollar inflows. Credit growth eased slightly to 19.1%, while banks continued to face challenges in mobilising domestic savings.
Indradhanush Gas Grid clocks Rs 632 crore capex in FY26, project progress reaches 88.6%
Indradhanush Gas Grid Limited incurred Rs 632 crore in capital expenditure during FY26, taking cumulative spending to Rs 6,878 crore, as physical progress on the Northeast Gas Grid reached 88.63%. The company also moved into commercial operations, commissioned key pipelines and supplied natural gas to Nagaland through the national grid.
Nagaland Chief Minister and Deputy Chief Minister met Union Home Minister Amit Shah. They discussed state development priorities and the welfare of the people. The Nagaland Assembly also urged the Centre to withdraw the Protected Area Permit regime. This permit restricts foreign national entry into designated areas of the state. Withdrawal is sought for tourism and economic engagement opportunities.
