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UPI impact: India now makes faster payments than any other country, says IMF

India now leads the world in faster payments, thanks to the widespread adoption of the Unified Payments Interface (UPI), according to a recent note from the International Monetary Fund (IMF). Since its launch in 2016, UPI has witnessed exponential growth, while several indicators of cash usage have shown a declining trend. UPI now processes over […]

India’s economic growth on track despite global challenges: report

India’s economic growth continues to remain on track despite global uncertainties, supported by improvements in key high-frequency indicators in both the services and manufacturing sectors, according to a report by Bank of Baroda released on Friday. The report notes that consumption has gained momentum in the first quarter (Q1) of FY26 compared to the previous […]

Indian Coast Guard rescues 2 crew members from stranded U.S. vessel off Andaman & Nicobar Islands

The Indian Coast Guard (ICG) on Thursday rescued two crew members from a U.S.-flagged sailing yacht stranded near Indira Point, off the coast of the Andaman and Nicobar Islands. The yacht, Sea Angel, issued a distress alert after encountering rough sea conditions. According to the ICG, the vessel’s sail had been torn off, and its […]

Security, trade in focus as Australia PM Albanese heads to China

Australian Prime Minister Anthony Albanese leaves for Shanghai on Saturday on an official visit to China, where regional security tensions and efforts to grow economic ties are likely to dominate talks. Australia’s exports to China, its largest trading partner, span agriculture and energy but are dominated by iron ore, and Albanese will travel with executives […]

France, Britain unveil nuclear weapons cooperation to counter threat to Europe

France and Britain on Thursday agreed to reinforce cooperation over their respective nuclear arsenals as the two European powerhouses seek to respond to growing threats to the continent and uncertainty over their U.S. ally. The announcement came after French President Emmanuel Macron concluded a three-day state visit to Britain, where the two allies sought to […]

Rubio meets China’s Wang in Malaysia amid trade tension

U.S. Secretary of State Marco Rubio met with Chinese Foreign Minister Wang Yi in Kuala Lumpur on Friday, their first in-person meeting at a time of simmering trade tensions between the two major powers. Washington’s top diplomat is in Malaysia on his first trip to Asia since taking office, attending the East Asia Summit and […]

Tariff tantrums: Brazil to match US tariffs after Trump’s threat of 50% levy

Virendra Pandit   New Delhi: Responding to President Donald Trump’s Wednesday threat to impose a 50 percent import tax on Brazilian goods from August 1, Brazilian President Luiz Inácio Lula da Silva said he is ready to match any tariffs imposed on his country by the US. The US is Brazil’s second-largest trade partner after […]

Sensex and Nifty open flat as market prepares for Q1 FY26 earnings season

The Indian benchmark indices opened flat on Thursday amid mixed global cues, with selling pressure seen in the auto and IT sectors during early trade. At around 9:29 am, the Sensex was trading 40.96 points or 0.05 per cent lower at 83,495.12, while the Nifty declined 17.70 points or 0.07 per cent to 25,458.40. Nifty […]

People throng temples across India on occasion of Guru Purnima

People across India thronged temples and ashrams on Thursday to celebrate Guru Purnima, a sacred occasion dedicated to honouring spiritual and academic mentors. Marked by deep reverence and spiritual fervour, the day holds a special place in Indian tradition, as it acknowledges the guiding light of gurus in one’s journey from ignorance to enlightenment. Celebrated […]

Over 1.28 lakh pilgrims perform Amarnath Yatra so far; fresh batch of 7,307 heads to Kashmir

The annual Amarnath Yatra continues with strong participation, as over 128,000devotees have undertaken the pilgrimage over the past seven days. On Thursday, another batch of 7,307 pilgrims departed from Jammu for the Kashmir Valley to join the Yatra. Officials confirmed that the batch left from the Bhagwati Nagar Yatri Niwas in two escorted convoys. The […]
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