The Reserve Bank of India is reportedly selling US dollars to support the rupee against rising USD/INR rates. This intervention is happening amid continuous foreign equity outflows and higher oil prices. The RBI's pattern suggests they will step in when USD/INR nears its record high, not defending a fixed line. The pair previously hit an all-time peak of 96.844 back in May. This action is expected to continue through 2026 as market pressures persist.
business Raamdeo Agrawal predicts the Nifty50 could nearly double to 50,000 sometime before 2035. This projection was made by Agrawal at the 22nd Motilal Oswal Annual Global Investor Conference in Mumbai. The timeline depends on P/E multiples, suggesting 6 to 9 years based on different valuations. This bullish view is backed by surging retail participation, as demat accounts grew from 40 million to 234 million. Domestic flows are strong enough to sustain the market despite sharp pullbacks from FIIs.
india The Bihar government informed the Supreme Court regarding four AK-47 rounds fired during NEET protests in Siwan. The state claimed a constable got trapped in a crowd near JP Chowk on August 18, 2026, while the firing occurred. No injuries were reported from the AK-47 shots, and the constable has since been suspended for 'undesired conduct'. The government also noted three protesters sustained minor injuries from a 9 mm pistol used near Hathi Chowk. These details are part of a response to petitions alleging police brutality.
business Union Minister Nitin Gadkari stated that the Mumbai-Pune Expressway, built 27 years ago, remains pothole-free to date. This statement was made by him while addressing the 'Festival of Thinkers' in Pune. The missing link project, inaugurated in May, faced a landslide in July. Gadkari emphasized using modern tech like drones and AI for road monitoring. He also mentioned Rs 60,000 crore worth of projects are planned for Pune. 🛣️
india Eight laborers were killed and 23 people injured when a pickup truck hit an oncoming truck on NH-719. The collision happened around 1 am near Chhimka village in the Gohad area of Bhind. The laborers were from Lakhimpur Kheri in Uttar Pradesh and were returning after paddy transplantation work. Police suggest the pickup swerved to avoid cows, causing the head-on crash. Authorities are currently working to identify all the deceased individuals. 😥
india Champat Rai, a former top official of the Ram Temple, has been granted a clean chit regarding allegations of donation theft. The investigation focused on his activities within the temple premises located in Ayodhya. The case involved claims of missing funds amounting to ₹1.5 crore from specific donation accounts. This case gained traction after several local community members raised concerns about financial irregularities. Moving forward, the legal proceedings are expected to conclude with final closure or further action.
science NASA’s Mars Curiosity rover recently captured images showing a large field of polygon-like features on Mars. This unique landscape was observed in Gale Crater, where the rover operates. The features measure approximately 4 to 8 centimeters across, and the observation was made recently. Scientists hypothesize these polygons formed as mud cracks during intense wet-dry cycles from the Noachian-Hesperian transition, about 3.8 to 3.6 billion years ago. More research is required to fully understand the formation processes of these fascinating structures. 🪐
Civil society groups have urged CM Shivakumar to step in regarding the Special Intensive Revision of electoral rolls in Karnataka. These groups warned that lakhs of eligible voters could be wrongly excluded from the rolls in the region. The groups pointed out that 1.09 crore voters were in the ASDDO category as of August 17. They alleged wrongful deletions of elderly and relocated voters, violating ECI rules. The groups demand a three-month extension and better voter outreach. 😟
tech Multiple users reported significant issues with the Google Nest app on Monday night. This disruption affected devices across various locations, including Nest Hubs and Google Nest speakers. Downdetector tracked over 200 reports, with 74% linked to server connection problems as of the reporting date. These outages happen because Nest products rely heavily on cloud-based services for basic functionality. Google has not yet released an official statement regarding the cause or expected resolution time. 😥
Up to half of life-threatening kidney disease cases may go undiagnosed despite available simple tests. This serious issue was highlighted by global experts from institutions like Duke-NUS and the University of Glasgow. Globally, Chronic Kidney Disease (CKD) is the ninth leading cause of death, affecting 844 million adults worldwide. In Singapore, 70% of total CKD cases might be undiagnosed because many people are asymptomatic in early stages. Researchers are now urging a stronger focus on early CKD diagnosis and treatment protocols. 🩺
business Heavy rains caused a 10-metre-deep crater to open on the Rs 36,000-crore Ganga Expressway. This incident occurred near kilometre 421 on the Meerut-Prayagraj carriageway in Uttar Pradesh. The 594-km corridor was inaugurated by PM Narendra Modi on April 29. The damage raises concerns about the construction quality and drainage of this major project. UPEIDA has sent a team for repairs, and the cause is still under investigation. 🚧
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