RBI Governor Sanjay Malhotra urged Indian banks to become global market-makers, aiming to bring rupee price discovery onshore. This move seeks to counter offshore non-deliverable forward markets’ influence on the rupee and reduce arbitrage. Malhotra also highlighted the need for improved liquidity in government securities and expanded access to the FX retail platform for fair
A small plane carrying five pickleball players from Amarillo crashed into trees near Wimberley late Thursday night, killing all on board. The Cessna 421C was en route to a tournament in New Braunfels when it disappeared from air traffic control scopes. Federal agencies are investigating the incident, with weather conditions noted as mostly cloudy prior
Snap CEO Evan Spiegel is impressed by AI’s rapid advancement, noting tools like Anthropic’s Claude are transforming software development. He predicts companies will reallocate resources from engineering to distribution as AI automates coding, with over two-thirds of new code at Snap now written by AI systems.
India’s passenger vehicle market kicked off the new fiscal year with a robust 27% sales surge in April, reaching approximately 4.5 lakh units. Strong performances from Maruti Suzuki, Tata Motors, and Mahindra & Mahindra, fueled by demand for utility vehicles and SUVs, propelled this growth. Despite rising input costs, the industry is experiencing a significant
Search teams recovered the eighth and ninth bodies from Bargi Dam, including a mother, Marina Massey, and her four-year-old son, Trishaan, still embracing each other. Despite wearing life jackets, they were likely trapped in the lower cabin as the boat capsized. Officials believe Marina instinctively tried to protect her son in their final moments.
Despite a recent fine for vaping, Riyan Parag shone with a brilliant 90, powering Rajasthan Royals to 225/6. However, Delhi Capitals chased down the target convincingly, securing a seven-wicket victory. Parag emphasised team success over individual performance, stating his primary goal is to secure wins for his team.
Ranveer Singh’s ‘Dhurandhar 2: The Revenge’ continues its steady box office run, grossing over Rs 1785 crore globally after 44 days. Despite facing new competition, including Riteish Deshmukh’s ‘Raja Shivaji’ which took the lead on Friday, ‘Dhurandhar 2’ added Rs 1.05 crore on its 7th Friday, bringing its India net collection to Rs 1,136.14 crore.
US President Trump presented a stark choice on Iran: negotiate a settlement or face military escalation, though he personally prefers avoiding conflict. He expressed dissatisfaction with Iran’s deal proposals, citing internal leadership disarray. Trump also labelled domestic criticism of the war effort as ‘treasonous’ and defended past US actions against Iran’s nuclear program, vowing not
The Indian ‘Clasico’ between Chennai Super Kings and Mumbai Indians holds little playoff significance, but is crucial for individual players like Suryakumar Yadav. Facing a poor IPL season, Yadav’s form is under scrutiny, with his ambition of leading India to the 2028 Olympics potentially at risk. Coach Mahela Jayawardene defended his player, highlighting his talent
