Indias $127 bln NRI deposits arm RBI with more firepower, setting rupee up for rally
Expected to open at 94.30-94.35 vs dollar; FCNR inflows far exceed $100 billion priced in by markets
India's $127 billion NRI deposits arm gives RBI more firepower, setting rupee up for rally
On Thursday, predictions suggest that the Indian rupee will continue its upward trajectory. This optimism stems from substantial foreign currency deposits enhancing the central bank's ability to provide support. India's unique mobilization schemes attracted over $136 billion, resulting in a marked increase in foreign exchange reserves, coupled with positive movements in other Asian currencies that contribute to the rupee's strength.
The US carried out a massive operation amid the fresh wave of strikes as its military escorted 40 commercial vessels carrying around 18 million barrels of oil through the Strait of Hormuz , marking a wartime high as Tehran and Washington continue to exchange fresh waves of strikes, according to US officials.
'Didn't hold trade talks,' Rubio reacts to PM Modi's meeting with Iran President Pezeshkian
US Secretary of State Marco Rubio said on Wednesday that he does not believe that India and Iran are talking about trade deal, even as he warned countries against helping the Islamic Republic amid its ongoing conflict with the United States.
Trump hints at another meeting with Putin over Ukraine, but date remains speculative
US President Donald Trump said on Wednesday (local time) that he is ready to hold another summit with his Russian counterpart Vladimir Putin but only if Kremlin is ready to work towards a 'peace deal'...
NRIs Pour In $127 Billion As Reserve Bank's Dollar Scheme Beats Targets
A special forex swap facility, launched to shore up India's dollar reserves, has drawn inflows five times bigger than a similar 2013 scheme.
U.S. Fed says 'positive' economic outlook facing heightened uncertainty
Economic activity nationwide increased modestly since early July, the Fed said in its eige book survey of economic conditions, adding that consumer spending also grew slightly
UN charts course to manage global warming-limit breach
UNEPs detailed 'overshoot, peak and decline' pathway seeks to hold the peak as low as possible and then bring temperatures back down below the 1.5C limit; report terms it best remaining option
Pakistan says 'hopeful' for peace in West Asia despite recent escalation
In June, the U.S. and Iran signed an MoU, aimed at bringing peace in West Asia. Pakistan also signed the document as a guarantor
'You will soon see': Iran warns US of 'new strategy' in battlefield, diplomacy after fresh strikes
Iran's Supreme National Security Council secretary Mohsen Rezaei on Wednesday (September 2) warned the United States would face a ew strategy from Tehran in the ongoing conflict, a day after the heaviest exchange of attacks between the foes in weeks.
Nepal is beginning to reckon with the staggering scale of destruction caused by the devastating floods in the Bhotekoshi and Trishuli rivers. An initial assessment has found that thousands of private homes, roads, bridges, drinking water facilities and other infrastructure have been damaged across five districts, with the preliminary losses running into billions of Nepali rupees. According to details compiled by Nepal's Department of Urban Development and Building Construction, 7,570 houses have been affected in Rasuwa, Nuwakot, Dhading, Gorkha and Chitwan. Of these, 1,253 houses have been completely destroyed, while 6,317 have suffered severe damage. Most of the badly damaged houses cannot be made habitable through immediate repairs and are likely to require reconstruction.
Gulf tensions drive NRI luxury home investments back to India
Non-resident Indians are increasingly investing in luxury homes in India, driven by geopolitical uncertainties, particularly the Iran war. This trend is observed across major cities like Mumbai, Bengaluru, and the National Capital Region, with developers noting a significant rise in NRI pre-sales. While some see it as a temporary shift, others believe India is becoming a stable, long-term investment destination for NRIs, especially those from West Asia.
Nepal demands climate compensation from India, China, US for flood damages: What does it claim?
Nepal is preparing to take its demand for climate compensation to the international stage after devastating floods in the country left a trail of death, destruction and displacement. The Himalayan nation has identified India, China...
NRIs put $100 billion in RBI scheme to take India's forex reserves to record high
NRIs put billion in RBI scheme to take Indias forex reserves to record high
U.S. bars federal funding of gender transitions for low-income minors
Funding for minors' gender treatment blocked effective October; Democrats argue overreach, challenge cuts in court
Indias aid to Nepal comes as the death toil there rose to over 1,100 people on Wednesday (September 2, 2026)
A 32-year-old vice president of Bank of America was killed in random stabbing incident in New York's Times Square. The victim identified as Erin Piacenti, Bank of America VP just returned from her maternity leave. As per eyewitness, the victim was on her way to home when she was attacked near West 42nd Street and Seventh Avenue. We are shocked and deeply saddened by the tragic loss of our colleague, the bank said in a statement.
A Chinese supervisor at Nepal's Trishuli-3A Hydropower Project allegedly went outside to check a sudden warning inside a tunnel,but never returned, according to a worker who escaped the devastating floods that hit the region on August 26 .
Trump claims US has total control over Strait of Hormuz, asks Iranians to 'rise up and fight'
US President Donald Trump has claimed that Washington now has almost total control of the Strait of Hormuz and that Irans economy is totally collapsing, as tensions between the two countries continue to escalate amid an intensifying exchange of strikes .
Ambani's JioHotstar targets millions of NRIs
Warning signs came days before deadly Nepal flash flood that killed over a thousand: Report
Stronger disaster preparedness and early-warning systems could have saved lives, as the death toll due to Nepal's deadly flood on August 26 crossed the thousand-mark, stated the HiRISK report. The report found that there were pre-event indications of the avalanche in satellite images and of a crack propagating into the surface of the glacier before it collapsed.
Judge sends Charlie Kirk murder case to trial with Robinson facing potential death penalty
Robinson's lawyers tried to block a trial, arguing that prosecutors failed to show Kirk's shooting placed others around him at risk of death. That's an aggravating factor under the law that makes Robinson eligible for the death penalty
Netanyahu says Israel seized Hamas internal security chief in Gaza
The premier said in a statement that the target was the head of Hamas's internal security apparatus in Gaza, and that he had been involved with Israeli hostages previously held there, without giving more details.
Do not gamble: On the Russia-Ukraine conflict
Russia must opt for diplomatic engagement with the West
Trump warns Iran will be hit again at 'much harder and higher level' if it retaliates to US strikes
In a significant development, US President Donald Trump on Tuesday said American forces are striking Iranian Targets near the Strait of Hormuz, and warned Tehran against retaliation. Taking to Truth Social platform, Trump calledUS strikes very justified in retaliation for the Iranians failed attempt at adding sea mines to the Strait of Hormuzand launching missiles at American military base in Jordan. He further stated that Iran will be hit again at a much harder and higher level if it retaliates to the US strikes.
Does foreign citizenship affect inheritance rights in India? Are NRIs allowed to inherit agricultural land legally? Check out.
Nepal digs through mud and grief as rescue teams battle tough conditions, over 160 Indians evacuated
As rescue and relief operations continue in flood-ravaged Nepal, India has evacuated 163 of its nationals following the devastating flash floods that have claimed more than 1,000 lives. The Ministry of External Affairs (MEA) said India is continuing its rescue and relief efforts in close coordination with Nepalese authorities. MEA spokesperson Randhir Jaiswal shared the latest update on Tuesday, along with details of India's specialised rescue and forensic teams working on the ground.According to the MEA, 163 Indian nationals have been rescued from the flood-affected areas, with five more people being evacuated since the previous update. Jaiswal also said that 151 Indian nationals left China on Tuesday as part of the ongoing efforts to facilitate the movement of affected Indians.
Pakistan High Court directs jail authorities not to keep Imran Khan, wife in solitary confinement
The court also directed that former PMs family members be allowed to meet him as permitted under jail rules and ordered authorities to make arrangements for telephone conversations between him and his sons
President Xi urges SCO member states to make security a key priority
In a veiled criticism of the U.S., the Chinese President said, We must prevent external forces from interfering in our internal affairs, endangering our political security, and undermining regional stability.
When Americans stop doing memes, throwing shade: Canada PM Carney on resuming trade talks with U.S.
Canada walked away from negotiations on an agreement to avoid additional U.S. tariffs on August 21, saying the American side had made unacceptable last-minute demands
More than 1,000 people have reportedly died and nearly 4,000 remain missing after devastating floods hit Nepal , with the death count continuing to rise. Amid the destruction, heartbreaking stories are emerging of people who watched helplessly as their loved ones were swept away, leaving families shattered in a matter of moments.One such painful account has come from Badri Prasad Devkota, who was travelling with his wife and 34 other people to Gosainkunda -- a revered Hindu pilgrimage site in Nepal's Rasuwa district.
Former U.K. PM Starmer to step down as MP
Mr. Starmer expressed his support for Andy Burnham and added that he would also back whoever Labour chose as his successor in Parliament, ahead of a by-election for his constituency
India needs to be more vocal on international law violations: Palestines Foreign Minister
In an interview with The Hindu, Varsen Aghabekian Shahin said she believes U.S. President Donald Trump is serious about his Gaza peace plan
Imran Khan, his wife Bushra Bibi get relief as Pakistan HC bars solitary confinement
A Pakistan high court on Tuesday (September 1) directed jail authorities to ensure that former Prime Minister Imran Khan and his wife Bushra Bibi are not kept in solitary confinement. Islamabad High Court (IHC) Justice...
The Shanghai Cooperation Organisation (SCO) summit in Bishkek has delivered several outcomes that strengthen India's cooperation with member states on terrorism, narco-terrorism, organised crime and other transnational security challenges. Earlier on Tuesday, Prime Minister Narendra...
Nepal must make climate justice top national priority, says Environment Minister
How did Nepal's green house survive deadly flash flood? Owner shares the tale
The Nepal's green house, which dramatically survived the monster flash flood on August 26 has caught widespread attention. The netizens are curious to know how a lone structure can stand tall amid the deadly flood that took lives of 987 people, as per latest information.
Indian tunnel rescue team makes progress at Chilime, Langtang hydropower sites
Despite inclement weather and difficult access conditions at Chilime, the team successfully established foothold at the tunnel and set up safety ropes inside tunnel, said the Indian Ambassador to Nepal
NRIs have the opportunity to gift money to their Hindu Undivided Family (HUF) without incurring immediate tax obligations. However, it's important to note that any income generated from these gifted amounts will be taxable for the NRI donor. The HUF must diligently keep records of all transactions as this documentation is essential in proving the legitimacy and source of the gift, ensuring NRIs avoid potential tax disputes in the future.
Video | PM Modi, China President Xi shake hands, hold talks at SCO summit in Bishkek
Prime Minister Narendra Modi and Chinese President Xi Jinping shook hands and had a brief interaction while walking together to attend 26th Shanghai Cooperation Organisation (SCO) Summit in Bishkek, Kyrgyzstan. The two leaders were seen...
Will I inherit my familys land in India if I become an NRI?
ET Wealth Reader's Query: I would like to understand what happens to my rights over inherited agricultural land in India if I acquire foreign citizenship. Will I still be able to inherit my familys agricultural land, and are there any restrictions on holding, transferring, or disposing of such property after becoming a foreign citizen?
No room for double standards on terrorism: PM Modi's firm message at SCO in front of Pak PM
Prime Minister Narendra Modi is addressing the 26th Shanghai Cooperation Organisation (SCO) Summit in Bishkek. PM Modi said, o room for double standards on terrorism.
Over 100-year-old Hindu temple razed in Pakistan's Narowal to make space for Madrasa
Over 100-year-old Hindu temple was demolished in Pakistan's Punjab province reportedly to include its land for setting up of a madrassa. As per locals, a group of religious zealots - members of a banned far-right...
23 bodies recovered from one house reveal horror of Nepal flash flood as rescuers race against time
Search and rescue teams are working against time to locate thousands of people missing after the devastating August 26 flash flood along the Nepal-Tibet border, the death toll in which is nearing a thousand.The sheer...
Living in Brazil, billing a Goa company? This is how India will tax professional income of NRIs
An Indian professional living in Brazil while providing architectural services to a Goa-based company wants to know if professional fees paid into a foreign bank account will attract Indian tax. Here's what the India-Brazil tax treaty says.
Jury convicts Keffe D for 1996 killing of rap icon Tupac Shakur
Devastating floods near Nepal's border with China have killed at least 939 people, while the number of people missing has fallen to 3,925, the country's disaster authority said on Monday as rescue operations entered their...
Donald Trump vows to hit Iran hard after first exchange of fire in weeks
The U.S. said it attacked Iranian rocket launchers on the island of Larak to prevent Tehran planting mines in the key shipping lane; Iran responded with missile and drone attacks aimed at Jordan and the UAE, saying they targeted U.S. forces there
Two killed in New York as knife-wielding woman goes on rampage at Times Square, shot dead by cops
A knife-wielding woman killed one person and injured another in New York City's Times Square on Monday before being shot and killed by police, authorities said.
U.S. Supreme Court allows Trump's ballroom project to proceed
The conservative-dominated court voted 5-4 to lift a lower order demanding construction be halted, with Chief Justice John Roberts notably joining the court's three liberals in dissent
Magsaysay honour for Singapore lawyer, Bangladeshi aid giver, Myanmar activist
Tommy Koh, Runa Khan, and Bo Kyi were honoured with Ramon Magsaysay Awards for their significant humanitarian contributions and activism
Xi, Putin discuss visa-free travel, global and regional issues at Bishkek
The two leaders met on the sidelines of the Shanghai Cooperation Organisation Summit 2026 being held in Bishkek
Daily Quiz as Malaysia celebrates Independence Day
A quiz on Malaysia, which is celebrating its Independence Day on August 31
Watch: Inside Lhasa: Tibets ancient city meets modern infrastructure
We also look at Lhasas modern roads and tunnels, visit the Tibet Museum and explore the bustling lanes of Barkhor Street, where centuries-old traditions continue to shape everyday life.
Iran dismisses Trump's post of attack on key energy hub of Kharg
Mr. Trumps tweets are laughable, and conditions in Kharg are calm and appropriate, says Hamid Bovard, chief executive of government-run National Iranian Oil Co
Bangladesh has indicated that it sees no immediate obstacle to joining the 'Makkah Joint Defence Agreement' , a security pact currently involving Saudi Arabia, Pakistan and Turkiye. Dhaka's latest remarks have strengthened speculation that Bangladesh could consider becoming part of the arrangement if it receives an invitation. State Minister for Foreign Affairs Humaiun Kobir said Bangladesh's participation in the pact would not necessarily limit its relations or cooperation with other countries. He described the agreement as a development that could open up ew opportunities while stressing that Dhaka's foreign policy would continue to remain flexible.
Nepal flood mystery deepens! Scientists rule out glacial lake outburst, probe rock-ice fall theory
Scientists are examining a new theory to determine what triggered the devastating flash floods along the Nepal-Tibet region, after two initial explanations were ruled out. Nepal Centre for Disaster Management president Bishal Nath Upreti said...
New Zealand's Trent Boult set the tone with 5/24 against Glasgow Cosmic on August 27, surpassing his previous best T20 figures of 4/13, recorded against Sri Lanka in 2022
From roots to returns: Why Indian real estate is drawing NRI interest
As India's real estate market expands, overseas Indians are looking beyond the traditional idea of owning a home back home. Infrastructure-led growth, organized retail, and new mixed-use destinations are opening up a wider investment opportunity.
PM Modi pays tribute to Mahatma Gandhi in Kyrgyzstan
Mr. Modi is visiting Kyrgyzstan at the invitation of President Sadyr Zhaparov to participate in the SCO summit being held on August 31 - September 1
Two women from Kerala murdered in California, Suresh Gopi assures help in bringing remains home
Union Minister Suresh Gopi on Monday said all necessary steps would be taken to bring back the mortal remains of two women from Kerala who were allegedly murdered in California , United States. The deceased have been identified by their relatives as Anjana, a native of Mudikkode in Thrissur, and Ann Mathew, a native of Kesavadasapuram in Thiruvananthapuram.
Nepal flash flood deaths cross 900, fresh alert issued; PM Balen Shah says countryfacing 'unimaginable' disaster More to follow...
West Asia LIVE: Irans army says it attacked UAEs Al Minhad Air Base with drones, state TV reports
Tehran said the attack was in response to the killing of Irans Revolutionary Guards and Iranian civilians on Larak Island.
Former Venezuelan president Nicolas Maduro has shared the first known photographs of himself inside US custody since he was captured in January, offering a glimpse of the ousted leader nearly eight months after he was taken to the United States.
PM Modi-Putin talks today on SCO sidelines, meet with Xi likely; Iran war, trade on agenda
Prime Minister Narendra Modi, who arrived in Kyrgyzstan's Bishkek on Sunday, will hold bilateral meetings with Russian President Vladimir Putin and likely with Chinese premier Xi Jinping on sidelines of the 26th Shanghai Cooperation Organisation...
Heramba Sankashti Chaturthi is a monthly Hindu observance dedicated to Lord Ganesha. Devotees observe a vrat on Sankashti Chaturthi with the belief that worshipping Ganesha can help overcome obstacles and bring peace and prosperity. In 2026, Heramba Sankashti Chaturthi 2026 will
Grand Canyon flash flood forces evacuations, about 15 people feared missing
A major flash flood in the Grand Canyon National Park forced the evacuation of dozens of people after torrents of muddy water swept large boulders, logs, metal structures and other debris into the Colorado River, authorities said.
Google Maps now shows 'Lake America' in U.S., not 'Lake Ontario'
Canadians will see 'Lake Ontario' and those outside U.S. and Canada will see both names, Google says, days after Donald Trump signed an order renaming the water body
US strikes Iran for first time in a month, Tehran retaliates with missile attacks
The United States struck Iranian rocket launchers on Larak Island in the Strait of Hormuz on Sunday, marking its first military strikes on Iran in a month and prompting Tehran to retaliate.
H-4 EAD: What Trumps latest move means for Indian H-1B spouses and their work permits
In a potential policy shift, the US Department of Homeland Security has suggested ending H-4 EAD eligibility for spouses, significantly affecting many Indian families enduring extended green card delays. While individuals with existing H-4 EADs will maintain their work authorization for now, this proposal necessitates an extensive federal rulemaking timeline and public commentary. As such, any final outcome might be delayed for months and could meet with legal opposition.
Turkish, Saudi, Pakistani ministers to hold first defence pact meeting
The Mecca Joint Defence Agreement, signed earlier this month, commits the three countries to mutual defence in the event of any of them being attacked
PM Modi arrives in Kyrgyzstan to attend 26th SCO Summit, hold bilateral meetings | Video
Prime Minister Narendra Modi arrived in Kyrgyzstan on Sunday to attend the 26th Shanghai Cooperation Organisation (SCO) Summit and hold a series of bilateral meetings on the sidelines. He was received at the airport by Adylbek Kasymaliev, Chairman of the Cabinet of Ministers of Kyrgyzstan.
Donald Trump's son Barron keeps low profile amid death threats from Iran: 'He doesn't go out'
US President Donald Trump's youngest son, Barron Trump, has largely stayed out of public view and within a tight security bubble amid threats linked to Iran and a wider backdrop of political violence in the US.
Six killed as ferry carrying nearly 270 people capsizes off northern Cyprus
At least six people have been killed after a ferry carrying nearly 270 passengers and crew capsized off the coast of northern Cyprus on Sunday (August 30), reports AP citing Turkish media reports. More than 172 people have been rescued, Prime Minister of Northern Cyprus Unal Ustel told Turkish state-run TRT news channel.
British woman fatally stabbed at Germany train station; suspect detained
The woman, who was attacked at the Rosenheim train station, was taken to a nearby hospital, where she died due to serious injuries, Rosenheim police said
Irans Supreme Leader Mojtaba Khamenei on Sunday (August 30) called on Muslim countries in the region to unite against the United States and Israel in a written message marking six months since the outbreak of...
Icelandic voters reject proposal to restart negotiations to join European Union
Opponents defeated the measure by a margin of 52.8 to 47.2%, RUV reported. Reykjavik, the capital, was the only area in the island nation of 400,000 people where a majority supported the referendum
Iranian Supreme Leader calls for unity among Muslim countries
Mojtaba Khamenei called on the rulers of regional countries to recognise your real enemy, understand its plan, and confront it, referring to the U.S. and Israel
India, Uzbekistan agree on long-term uranium supply framework, set USD 5 billion trade target
India and Uzbekistan have agreed to establish a long-term framework for uranium supply, with Prime Minister Narendra Modi making the announcement during delegation-level talks with Uzbek President Shavkat Mirziyoyev in Tashkent. The discussions also covered...
PM Modi conferred Uzbekistan's highest state honour 'Oliy Darajali Do'stlik' by President Mirziyoyev
Prime Minister Narendra Modi on Sunday (August 30) was conferred the Order of 'Oliy Darajali Dustlik', Uzbekistan's supreme state award, by President Shavkat Mirziyoyev during his visit to Tashkent.
Prime Minister Narendra Modi said on Sunday that India and Uzbekistan will strengthen their cooperation in trade and investment, digital connectivity, defence and energy, as he held delegation-level talks with President Shavkat Mirziyoyev in Tashkent.
Switzerland rave shooting: One dead, five others wounded; police operation under way
Unidentified perpetrators are yet to be traced; some 3,500 people attended the annual techno party in Aarau
Several injured in shooting at rave party in northern Switzerland's Aarau
Several injured in shooting at rave party in northern Switzerland's Aarau
Nepal flood survivors return to ruins to salvage memories
The village of Dhunge, once home to roughly 150 families, now lies in ruins, reduced to a swampy expanse with an ominous rotting stench one of dozens of settlements obliterated by the Himalayan floods.
Nepal flash flood situation worsens as deaths cross 700; unidentified victims to be buried
Nepal flash flood situation worsens as deaths cross 700; unidentified victims to be buried
As concerns mount over Nepal-Tibet flash floods, China censors viral footage showcasing devastation
While the situation in Tibet remains shrouded in mystery following Wednesday's flash floods that have claimed hundreds of lives in neighbouring Nepal, China has reportedly censored a viral video that showed the scale of devastation in the region.
