The Indian rupee weakened by 10 paise to a record low of 85.12 against the US dollar on Monday, marking a significant decline in its value. The domestic currency opened at 84.85, according to Bloomberg data, and had closed at 85.02 on Friday. This continued depreciation comes amid rising global pressures, including an increase in Brent crude prices, which rose 0.41% to $73.24 per barrel. The rise in crude prices was partly driven by easing concerns about a potential US government shutdown and

The year 2024 has been a remarkable one for Indian sports, with several athletes bringing laurels to the country, including India's T20 World Cup win and Manu Bhaker's double medal victory at the Paris Olympics. The Indian government has revealed the nominees for the prestigious Major Dhyan Chand Khel Ratna Award, India's highest sporting honor. Among the nominees are Harmanpreet Singh, captain of the Indian men's hockey team, who led the team to a bronze medal at th

India's stand-in captain, Smriti Mandhana, made history with her brilliant performance against the West Indies at the DY Patil Stadium in Navi Mumbai. Mandhana scored a match-winning 77 runs off 47 balls, marking her 30th fifty in T20 internationals. This remarkable achievement broke the long-standing record held by New Zealand’s Suzie Bates, who had scored 29 fifties. Mandhana’s milesto

Raghuram Rajan, former Governor of the Reserve Bank of India (RBI), has linked corruption under the UPA government as the primary cause of non-performing assets (NPAs) in Indian banks. In a recent interview, Rajan explained that following the global financial crisis, several projects began facing severe delays due to corruption scandals, land acquisition issues, and other regulatory obstacles. These factors, he argued, significantly contributed to the rise of NPAs. Rajan praised the

India and Pakistan have reached an agreement to play their upcoming ICC tournament matches at neutral venues, following a dispute over the 2025 ICC Men's Champions Trophy, which was originally set to be hosted by Pakistan. The decision was made after India refused to send its team to Pakistan, citing security concerns and political tensions between the two countries. The International Cricket Council (ICC) confirmed that matches involving both nations during the 2024-2027 cycle will take

A significant drug and arms seizure took place in Kupwara district, Jammu and Kashmir, as a result of a joint operation conducted by the Indian Army and local police. The operation, based on specific intelligence inputs, was carried out in the Chinotra area of the Tangdhar sector near the Line of Control (LoC). The search led to the recovery of approximately four kilograms of narcotics, including heroin-like substances, along with four pistols, six magazines, and other ‘war-like stores.

The Pakistan High Commission announced on Wednesday that it has issued 84 visas to Indian pilgrims for a visit to the Shree Katas Raj temples in Chakwal district, Punjab, Pakistan. The pilgrimage, scheduled from December 19 to 25, will allow Hindu pilgrims to visit this sacred complex of temples, also known as Qila Katas. The temples are a significant religious site for Hindus and are linked by walkways. These visits are part of the long-standing Pakistan-India bilateral protocol on

Indian cricket team spinner R. Ashwin has announced his retirement from international cricket after the third Test match against Australia in Brisbane on Wednesday. Ashwin, who played a pivotal role in India’s rise to the top of Test cricket, made the announcement during a joint press conference with captain Rohit Sharma, after the game ended in a draw. Ashwin, with 537 wickets in 106 Test matches, is the second-highest wicket-taker for India, following only Anil Kumble's record of

Vikram Ashok Deshmukh, a 31-year-old software engineer, tragically passed away from a heart attack while playing cricket at Mumbai's Azad Maidan last Sunday. Deshmukh, who worked in an IT company, was an avid cricket player and participated regularly in matches at the popular ground. On the day of the incident, he was playing in a 25-over practice match where his team was chasing a target of 159. During the match, Deshmukh complained of chest pain in the 10th over but continued pla

Finance Minister’s View on GDP Growth: In a recent statement, Finance Minister Nirmala Sitharaman addressed the lower-than-expected growth in India’s GDP for the September quarter, calling it a "temporary blip." She emphasized her confidence that India’s economy will regain strong growth in the upcoming quarters. Despite the slowdown in the second quarter, she highligh

Indian tourists may soon enjoy visa-free travel to Russia, with the new arrangement expected by spring 2025. Since August 2023, Indian travelers have already been eligible for e-visas, which are processed within four days. The upcoming visa-free travel agreement will further strengthen tourism ties between India and Russia. In 2023, Russia granted 9,500 e-visas to Indian visitors, placing India among the top five countries for easy travel access to Russia. Consultations between Mosc

Prime Minister Narendra Modi on Monday honored the soldiers who played a pivotal role in India's victory during the 1971 war, known as Vijay Diwas. The day commemorates the surrender of Pakistani forces to the Indian Army, which led to the creation of Bangladesh. In a post shared on X, PM Modi paid tribute to the bravery and sacrifices of the soldiers who contributed to this historic victory. Modi emphasized the selfless dedication and determination of the Indian soldiers, notin

The Indian rupee opened at 84.83 against the US dollar on Monday, a depreciation of 4 paise compared to the previous close of 84.79. The decline in the rupee is largely attributed to the uncertainty following the announcement of a leadership transition at the Reserve Bank of India (RBI). Shaktikanta Das will be succeeded by Sanjay Malhotra, sparking initial concerns in the market. However, markets quickly adjusted to the news, with experts noting that the RBI is closely monitoring banking sys

Switzerland has decided to suspend the Most-Favoured-Nation (MFN) status granted to India, which could result in higher taxes for Indian companies operating in the country. Starting January 1, 2025, Indian companies will face increased withholding tax rates on income such as dividends and royalties generated in Switzerland. The new tax rules will impose a 10% tax on dividends earned by Indian entities. This move follows a ruling by the Indian Supreme Court in October 2023, which sta

The International Cricket Council (ICC) is set to finalize the hybrid model for the 2025 Champions Trophy during a virtual meeting with Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi. Under this model, India and Pakistan will not travel to each other's countries for ICC events. The 2025 Champions Trophy, scheduled from February 19 to March 9, will be played in Dubai, with eight teams divided into two groups. The top two teams from each group will advance to the semifinals. T

Efforts are underway to secure the early release and repatriation of 14 Indian fishermen, including seven from Tamil Nadu, who have been detained in a Pakistani jail since January. Union External Affairs Minister S. Jaishankar informed Tamil Nadu Chief Minister M.K. Stalin about the ongoing diplomatic efforts. This followed a letter from Stalin, dated November 20, urging swift action for the fishermen’s release. Jaishankar stated that the Indian government had raised the matte

Legendary Australian wicketkeeper-batter Adam Gilchrist has praised the team’s captain, Pat Cummins, for leading Australia to a dominant 10-wicket win in the second Test, which leveled the five-match series 1-1 after their heavy loss in Perth. Gilchrist believes Australia was "stung" by criticism following their 295-run defeat in the opening match and noted that Cummins' controlled aggression was key to their return to form. Gilchrist highlighted Cummins' emo

As calls to bring back Mohammed Shami to the Indian team grow louder, concerns over the fitness of pacers Mohammed Siraj and Harshit Rana, who have failed to back Jasprit Bumrah strongly, have intensified. Shami, who has been performing well at the domestic level, is being urged by fans and experts to join the team for the upcoming Australia series. However, Indian captain Rohit Sharma remains uncertain about Shami’s inclusion. During a post-match press conference, Rohit revea

Rohit Sharma, the Indian cricket team captain, has struggled with his form in the ongoing series against Australia. After missing the first Test in Perth due to family commitments, Rohit returned to the squad for the day-night match in Adelaide but failed to make an impact. In the second match, his poor form continued, as he was dismissed cheaply in both innings. Rohit's dismissals were concerning due to his lack of foot movement, as he was trapped in front of the stumps in both innings.

The Indian rupee ended the trading session stronger after the Reserve Bank of India (RBI) decided to keep the benchmark interest rates unchanged, while unveiling measures aimed at improving liquidity in the banking system. The domestic currency gained 3 paise, closing at 84.70 against the US dollar, compared to 84.73 in the previous session. As part of the monetary policy changes, the RBI raised the interest rate ceiling on one-year Foreign Currency Non-Resident (FCNR) deposits by 200 basis p