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BusinessPhoto: Business Standard

RBI Extends Forex Risk Reserve to Banks' Own Hedging Contracts

The Reserve Bank of India (RBI) has expanded the foreign exchange risk reserve (FERR) requirement to include rupee derivative contracts used by authorised dealers to hedge currency risks on their own assets and liabilities. Unlike the previous rule applying only to contracts above $2 million with users, the new rule has no threshold. Dealers must maintain a 20% cash reserve of the rupee value daily with RBI until contract termination.

Business Standard·

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TechnologyPhoto: HT Education

Nandan Nilekani Proposes AI-Generated Question Papers and Nationwide CBT

Nandan Nilekani, former UIDAI Chairman and Infosys co-founder, proposed using Artificial Intelligence to generate exam question papers on the day of the exam to prevent leaks and fraud. Speaking at the Bloomberg Economic Forum, he highlighted the need for a large question bank and last-minute paper generation to remove economic incentives for leaks. He also urged transitioning to nationwide Computer-Based Testing with a network of 150,000 locations.

HT Education·

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PoliticsPhoto: NDTV World

UK Trade Minister on Nirav Modi, Vijay Mallya Extradition and US Immigration

The UK Trade Minister stated that the UK will not be a haven for fugitives like Nirav Modi and Vijay Mallya. He also addressed concerns about restrictions on foreign workers and professionals in the US under President Donald Trump's administration, including issues related to green cards and employment-based immigration.

NDTV World·

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EntertainmentPhoto: Hindu Entertainment

James Spader and Terry Matalas Revive Ultron in Marvel’s VisionQuest

Marvel’s VisionQuest revisits Ultron, the genocidal AI character played by James Spader a decade ago. The new series explores Ultron’s reconsideration of humanity, aided by the arts and influences like Jimi Hendrix. Creators James Spader and Terry Matalas discuss giving Ultron a fresh perspective in the age of AI.

Hindu Entertainment·

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WorldPhoto: Deccan Herald

Delhi University Plans Rs 8,000 Crore Hostels for 30,000+ Students

Delhi University is planning an Rs 8,000-crore project to build new hostels and redevelop existing ones to accommodate over 30,000 students. The proposals include new hostels at Dhaka Complex, Najafgarh, and Surajmal Vihar, plus reconstruction of Jubilee Hall, Postgraduate Men's Hostel, and International Student House. Rs 5,157 crore is for new buildings, and nearly Rs 3,000 crore for redevelopment. The Dhaka Complex will have two Y-shaped hostels for 4,836 students each, costing Rs 1,130 crore each.

Deccan Herald··Delhi

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EntertainmentPhoto: TOI Entertainment

Sobhita Dhulipala Shares Changed Views on Dating Actors

Sobhita Dhulipala revealed her changed perspective on dating actors after marrying Naga Chaitanya. Previously limited by stereotypes, she now adopts a more flexible approach. The actress highlighted the importance of balancing personal life amid public scrutiny. Their private romance began in 2022, culminating in marriage in December 2024.

TOI Entertainment·

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