Will lead a central bank oriented toward reform, says new chair WASHINGTON: Kevin Warsh was sworn in as chair of the US Federal Reserve on Friday at a pivotal moment for an American economy where surging gasoline prices due to the Iran war are pushing up inflation and eroding consumer sentiment, potent ingredients for a…
NEW DELHI: Gross foreign direct investment (FDI) grew 16.7%, its fastest pace of expansion in six years, to a record $94.5 billion in 2025-26, helping reverse the four-year falling trend of net FDI.Net FDI was estimated at $7.7 billion during the last financial year, compared with under $1 billion in the previous year. After excluding…
Cabinet secretary T V Somanathan NEW DELHI: For the first time, government has carried out a performance assessment of ministries on various administrative parameters, including delays in clearing of files, grievance redressal and responses to Cabinet proposals. Cabinet secretary T V Somanathan, on Thursday, presented the ranking of ministries and departments on each of these…
MUMBAI: Domestic economic activity exhibited resilience in April, with industrial and services sectors maintaining strength across several segments, even as global uncertainties and geopolitical tensions continued to cast a shadow, RBI said in its latest State of the Economy article.At the same time, the central bank struck a note of caution, stating that “India’s near-term…
Vaibhav Sooryavanshi (ANI Photo) The rise of teenage sensation Vaibhav Sooryavanshi is no longer just an Indian phenomenon. The 15-year-old’s extraordinary IPL 2026 campaign has captured global attention, with former England captain Michael Vaughan revealing that even fans in the United Kingdom are tuning in specifically to watch the young batter.Sooryavanshi’s fearless batting and remarkable…
MUMBAI: RBI stepped up dollar sales in FY26 to manage exchange rate volatility. The central bank recorded a total net sale of $53.1 billion over the course of the fiscal year an increase of $12 billion compared to net sales of $41.1 billion in FY25. Despite temporary periods of dollar accumulation, the central bank maintained…
Two Indian climbers — Hyderabad-based tech professional Arun Kumar Tiwari and Sandeep Are, 46 — died while descending Mount Everest after reaching the summit, while a third Indian remained critical at South Col, or Camp IV, at about 7,900 metres, with Sherpa rescuers trying to stabilise the person before transport to Camp II for a…
PUNE/NEW DELHI: The Central Bureau of Investigation (CBI) on Friday arrested a Pune school headmistress, Manisha Sanjay Havaldar, for allegedly leaking the NEET-UG 2026 physics question paper. With this, the total number of accused in the case has risen to 11.Havaldar, who serves as the headmistress of Sheth Hiralal Saraf Prashala in Budhwar Peth, had…
BHOPAL: The investigation into Noida woman Twisha Sharma’s death by alleged suicide at her marital home in Bhopal on May 12 appeared to gain momentum Friday as the MP high court issued notice to her mother-in-law, retired district judge Giribala Singh, on the state’s plea to cancel her anticipatory bail on grounds of suspected tampering…
NEW DELHI: Supreme Court on Friday raised a question on why children of economically and educationally advanced families within backward classes be allowed to avail the benefit of reservation under OBC category.“If both parents are IAS officers, why should they have reservations? With education and economic empowerment, there is social mobility. So then again to…