India's RBI-backed FCNR deposit initiative has reportedly mobilized nearly $10 billion in foreign-currency deposits from NRIs. The strong response highlights growing demand for foreign-currency savings while helping strengthen India's external financing position. India's temporary Reserve Bank of India (RBI) initiative to encourage Foreign Currency Non-Resident (FCNR(B)) deposits has reportedly attracted nearly $10

India Launches Seafarer First Plan After Hormuz Attacks The Indian government has announced a comprehensive "Seafarer First" strategy to protect Indian sailors working in the conflict-affected waters of West Asia after attacks on two merchant vessels in the Strait of Hormuz killed one Indian seafarer and injured several others. The new measures include real-time monitoring of every Indian seafarer in the region, dedicate

The Bankra Mosque inside Kolkata airport is again at the centre of relocation discussions after public access was suspended. Authorities cite aviation security and runway safety, while community representatives seek consultation and legal safeguards. The long-running debate over relocating the Bankra Mosque from the operational area of Kolkata’s Netaji Subhas Chandra Bose International Airport has gained fresh momentum following new security r

The United States launched a fresh wave of military strikes against Iran on Sunday,June 13,2026 after accusing Tehran of threatening commercial shipping in the Strait of Hormuz. US Central Command said the operation targeted Iran’s military capabilities, while Tehran condemned the attacks as violations of international law and warned of possible retaliation. The latest exchange marks another sharp escalation in the ongoing US-Iran conflict and raises

US strikes Iran were followed by multiple explosions across the country’s southern coastline on Sunday, June 12,2026  including Qeshm Island and the major port city of Bandar Abbas. The renewed fighting came after an attack on a commercial ship and Iran’s declaration that the Strait of Hormuz was closed. Qeshm attack targets military locations Residents reported several explosions near M

A devastating Bangkok nightclub fire has claimed at least 27 lives and left more than 60 people injured after flames swept through a popular entertainment venue in the city's Chatuchak district. Thai authorities have launched a full investigation into the cause of the blaze, with early findings focusing on possible electrical failures and compliance with fire safety regulations.

The UK tax rule on FCNR deposits is weakening their appeal among some wealthy NRIs because overseas interest may be taxed in Britain. Higher Indian returns and the RBI-backed incentive remain attractive, but investors must now compare headline rates with their final post-tax income. UK tax rules are weakening the appeal of Foreign Currency Non-Resident, or FCNR, deposits for some wealthy NRIs, particularly long-term UK residents who may owe British tax on interest

Mamata Banerjee blames the BJP and police after the Kolkata rally clash, as the TMC claims 41 workers were injured in the protest. The TMC-BJP clash at the Hazra rally has intensified political tensions, while Mamata has threatened legal action over alleged violations of the Calcutta High Court rally order. TMC rally over Baruipur case turns violent in south Kolkata A protest rally led by Trinamool Congress supremo and former West Bengal Chief Minister M

TMC slams ED after Rs 440.42 crore in party accounts frozen The All India Trinamool Congress has strongly criticised the Enforcement Directorate after the agency froze Rs 440.42 crore lying in three HDFC Bank accounts of the party, triggering a fresh political confrontation in West Bengal. The TMC described the action as politically motivated and alleged that investig

Iran says eight troops killed Iranian state television reported that eight military personnel were killed in the latest US strikes on southern Iran, as tensions between Washington and Tehran escalated around the Strait of Hormuz. The report said the dead were members of Iran’s air and naval forces and that the strikes affected areas including Bandar Abbas and Bushehr

Trump warns of harsher strikes US President Donald Trump warned that American military strikes on Iran would intensify if Tehran continued attacking ships in the Strait of Hormuz, raising the stakes in an already volatile confrontation. In a social media post, Trump said the latest US action was retaliation for what he described as Iran’s bombing of commercial vesse

US launches second night of Iran strikes Explosions were reported across several parts of Iran on Thursday, July 9, after the United States launched a second consecutive night of military strikes against Iranian targets. The latest action came only hours after President Donald Trump said he did not expect the confrontation with Tehran to last long and predicted that th

India’s support for the Prambanan Temple restoration project in Indonesia has added a strong cultural dimension to growing India Indonesia ties. The initiative, unveiled during Prime Minister Narendra Modi’s visit with Indonesian President Prabowo Subianto in Yogyakarta on Wednesday, July 8, 2026, focuses on conserving one of Southeast Asia’s most important Hindu temple complexes. The project is not just about repairing an old monument; it reflects how shared histo

Ireland has approved a ban on goods produced in Israeli settlements in the West Bank and East Jerusalem, marking a sharp political move in its growing dispute with Israel. The measure targets products made in areas that Ireland considers occupied territory and outside Israel’s internationally recognised borders. The direct trade impact is expected to be limited, but the decision carries strong diplomatic weight. Dublin has framed the mov

The AAPI Tampa convention brought more than 1,000 physicians of Indian origin to Tampa, Florida, for a four-day gathering focused on global health, medical innovation and public service. The AAPI Tampa convention ran from Thursday, July 2, 2026, through Sunday, July 5, 2026, over the July 4 weekend. AAPI Tampa convention focuses on global healthcare The 2026 annual convention of the American Association of Physicians of Indian Origin included s

Netanyahu responds to concerns over Israel support Israeli Prime Minister Benjamin Netanyahu pushed back against criticism over declining support for Israel, saying the country’s international backing is not limited to one leader or one nation. Speaking during a televised interview, Netanyahu said Israel has no greater ally than the United States, while also pointing

Three central Ohio men are accused in a $340,729 credit card fraud case tied to alleged Synchrony Bank account takeovers, according to Franklin County investigators. The Franklin County Sheriff’s Office is investigating what authorities described as a Columbus-area scheme involving fraudulent address changes, replacement credit cards and retail purchases at stores including Lowe’s, Walmart and Kroger. Central Ohio Credit Card Fraud Case Involves Account Takeov

India-Japan summit reflects a broader strategic shift The India-Japan summit has drawn attention beyond New Delhi and Tokyo because its outcomes point to a wider realignment in Asia’s economic and security order. Japan’s plan to invest more than $61 billion in India over the next decade is the headline, but the deeper issue is why Tokyo is seeking stronger options outside China. Prime Minister Sanae Takai

Huawei has launched the Huawei Band 11 series in India, with prices starting at Rs 3,999 under market operating price. The new fitness band lineup includes Huawei Band 11, Huawei Band 11 Metal and Huawei Band 11 Pro, offering a brighter AMOLED display, health tracking features and up to 14 days of battery life. Huawei Band 11 Price In India

Rupeeflo is targeting a reduction in NRI account opening time from about 60 days to 24 hours. The digital onboarding effort covers bank, demat and trading accounts used by Non-Resident Indians investing in India. The company says the faster process could address paperwork and verification delays that cause applicants to abandon plans to invest in Indian stocks or deposits. Rupeeflo targets faster NRI account opening Zerodha founder and CEO Nith