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Bengaluru’s Higher Ground Music Festival is set to open its second edition this weekend, underscoring the city’s expanding role as a live-music hub for independent artists and younger audiences. The event arrives at a time when India’s indie circuit is seeking larger, more sustainable platforms beyond club gigs and niche showcases.
Higher Ground Music Festival is returning for a second edition in Bengaluru after the shutdown of Koramangala venue Fandom forced organisers to recalibrate their plans. The three-day indie event will now be staged at Prism by Octavium off Bannerghatta Road, pairing established acts such as Meg & The Miracles and Suraj Mani with a Breakthrough Stage for emerging artists.
US President Donald Trump has rejected an Iranian proposal to restore commercial shipping through the Strait of Hormuz within seven days, dismissing Tehran's offer as unacceptable despite mounting economic pressure from the waterway's effective closure. The decision deepens uncertainty over a conflict that has already disrupted one of the world's most critical energy chokepoints, rattled oil and gas markets, and increased the likelihood of renewed military escalation.
Police in Tirupattur district arrested three young men accused of abducting a 17-year-old school student and demanding Rs 50 lakh from his father for his release. The boy was traced to a hideout in Bengaluru and rescued safely after a coordinated operation involving CCTV analysis, mobile signal tracking and local police assistance.
The Reserve Bank of India has released the indicative issuance calendar for Government of India dated securities for the second half of FY 2026-27, laying out a predictable borrowing schedule from October 2026 through March 2027. The plan covers a broad mix of maturities, including sovereign green bonds, and is designed to give investors greater visibility, support market planning and reinforce stability in the government securities market.
The Reserve Bank of India's latest weekly statistical supplement shows a modest weekly decline in foreign exchange reserves, even as India's banking system continued to expand credit and deposits at a healthy pace. The figures point to a financial system still growing steadily, with reserve movements reflecting market valuation shifts and external asset changes rather than a sharp stress signal.
India's latest government securities auction for the 6.94% GS 2036 bond drew robust investor interest, with bids far exceeding the notified amount and the issue ultimately seeing partial allotment in the competitive segment. The Reserve Bank of India accepted the full notified underwriting support from primary dealers, while recording no devolvement, underscoring steady market appetite for long-dated sovereign paper.
The Reserve Bank of India's September 2026 Bulletin presents an economy that remains notably resilient despite renewed geopolitical tensions in West Asia, rising energy prices and volatile global markets. Alongside reporting 7.8% growth in the first quarter of 2026-27, the Bulletin argues that a higher credit-deposit ratio alone is not a reliable sign of banking stress and points to strong foreign exchange reserves, FDI inflows and narrowing trade deficits as key buffers.
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