MUMBAI: Reserve Bank of India ramped up dollar purchases in Feb, signalling a shift to rebuilding forex reserves after the rupee stabilised following the US–India trade deal announcement in the same month.Despite heavy spot purchases, net forward sales stood at $77.7 billion, indicating continued reliance on forward markets. While Feb did provide an opportunity for…
BHOPAL: At a national camp in the city, Nausheen Naz, 15, trains alongside probables who own multiple kits. Naz borrows gear. Her father Ahfaz Khan, a daily-wager earning about Rs 250 a day, cannot buy her a proper hockey stick. No kit. No safety net.But the girl from Madhya Pradesh’s Seoni is India’s most exciting…
MUMBAI: Bank lending is back in favour. In FY26 it reclaimed primacy in financing India’s commercial sector, its share of total resource flows climbing to a three-year high, as per RBI’s April bulletin.The shift is stark. Total resource flows reached Rs 44.7 lakh crore in FY26, while nonfood bank credit surged to Rs 29.2 lakh…
Rafael Nadal back on court (Photo by @RafaelNadal on X) NEW DELHI: Tennis legend Rafael Nadal made a special return to the tennis court, but not in a usual setting. The Spanish legend stepped onto a temporary court set up inside Real Madrid’s Santiago Bernabeu stadium, creating a unique crossover between tennis and football. Nadal…
NEW DELHI: Government has started to assess potential risks from advanced artificial intelligence (AI) models, such as Anthropic’s Mythos, with finance minister Nirmala Sitharaman and IT minister Ashwini Vaishnaw chairing a high-level meeting on Thursday with banks and regulators to review emerging threats from AI models.The meeting was attended by senior officials from the Reserve…
Mukesh Choudhary (IPL Photo) NEW DELHI: A deeply emotional night at the Wankhede Stadium saw Chennai Super Kings skipper Ruturaj Gaikwad dedicate his side’s emphatic 103-run win over Mumbai Indians in IPL 2026 to teammate Mukesh Choudhary, who played despite the recent passing of his mother.The CSK players wore black armbands in tribute, turning a…
MUMBAI: Amazon is betting a fresh $300 million (over Rs 2,800 crore) on India to widen its operations network and boost its quick commerce business, a space where the firm has been a late entrant, lagging in market share.The Seattle-based e-commerce company has set a target of more than doubling the footprint of its quick…
Ramiz Raja, Shaheen Afridi and David Warner during the mascot fight. (Video grab) A Pakistan Super League clash between Karachi Kings and Lahore Qalandars delivered high drama even before the first ball was bowled, as a staged mascot scuffle at the toss left players, commentators and fans in splits.The light-hearted “fight” between the two team…
Meta Platforms plans to cut 10% of workers, or roughly 8,000 employees, in an effort to boost efficiency and offset its heavy spending on artificial intelligence. The company disclosed the move in a memo sent to employees Thursday, saying the layoffs will come on May 20. Meta also won’t hire workers for 6,000 open roles…
MS Dhoni (BCCI/IPL Photo) NEW DELHI: Chennai Super Kings (CSK) fans are still waiting to see MS Dhoni play in IPL 2026, even though he has been regularly training with the team. The veteran wicketkeeper-batter, who was ruled out initially due to a calf injury, has now missed close to a month of action. While…