Billionaire entrepreneur Elon Musk has announced the launch of a new political party in the United States called the America Party, aiming to challenge the two-party system dominated by Republicans and Democrats.

Musk made the announcement yesterday on his social media platform X, accusing both major parties of unchecked government spending and corruption and claiming that the US no longer functions as a democracy but as a unified political machine driven by waste and self-interest.

The move follows a dramatic fallout between Musk and former ally US President Donald Trump.

Although Musk was born outside the US and is ineligible to run for president, he has not disclosed who will lead the new party. It remains unclear whether the America Party has been formally registered with US election authorities.

World No. 1 and reigning Paralympic champion Harvinder Singh delivered a stellar performance at the 2025 Asian Para Archery Championships in Beijing, clinching two gold medals and completing a hat-trick of podium finishes. His efforts helped propel India to second place in the overall medal standings, finishing just behind hosts China.

India wrapped up the competition with a total of nine medals: three gold, three silver, and three bronze. China topped the table with a dominant haul of 10 gold, four silver, and three bronze.

Harvinder began his campaign by setting a new competition record and personal best of 663 points in the recurve men’s qualifying round. He then partnered with Bhawna to secure gold in the recurve open mixed team event, narrowly defeating China’s Zihan Gao and Jun Gan 5-4 (14-8) in a tense shoot-off after Gao missed her shot.

In Boxing, India’s Sakshi Chaudhary has clinched the gold medal in the women’s 54kg category at the World Boxing Cup in Astana today. She defeated USA’s Yoseline Perez with a dominant 5-0 unanimous decision in the final.

World Bank has placed India among world’s Most Equal Societies. According to the World Bank, India’s Gini Index stands at 25.5, making it the fourth most equal country in the world, after the Slovak Republic, Slovenia and Belarus. The Gini Index is a simple yet powerful way to understand how income, wealth or consumption is equally distributed across households or individuals in a country.

India falls into the “moderately low” inequality category, which includes Gini scores between 25 and 30. India is only a fraction away from joining the “low inequality” group, which includes countries like the Slovak Republic with a score of 24.1, Slovenia at 24.3, and Belarus at 24.4. Apart from these three, India has a better score than all the other 167 countries for which the World Bank has released data.

India’s score is much lower than China’s 35.7 and far lower than the United States, which stands at 41.8.

Prime Minister Narendra Modi on Saturday began his historic visit to Argentina by paying respects at the statue of General Jose de San Martin, the country’s revered freedom fighter and national hero, in Buenos Aires.

PM Modi laid a wreath and paid tribute at the San Martin Memorial, marking the first bilateral visit by an Indian Prime Minister to the South American nation in 57 years.

General Jose de San Martin is recognised as the liberator of Argentina, and the monument was created in 1862 by French sculptor Louis Joseph Daumas. It was the first equestrian statue in Buenos Aires.

San Martin led crucial phases of Argentina’s struggle for independence between 1813 and 1818 — defeating Spanish forces at the Battle of San Lorenzo, reorganising the Army of the North, becoming Governor of Cuyo, and creating the Army of the Andes, which he led across the mountains into Chile to liberate the neighbouring country from Spanish rule. He later moved north to help liberate Peru in 1820.

Prime Minister Narendra Modi paid tributes to Mahatma Gandhi and Rabindranath Tagore at their statues in Buenos Aires yesterday. In a social media post, Mr Modi said, Mahatma Gandhi’s timeless vision and noble ideals will always guide humanity.

He said, all over the world, the thoughts of Bapu reverberate. The Prime Minister said, the thoughts give strength and hope to millions. He said, inspired by Mahatma Gandhi, his Government reiterate its commitment to build a just and compassionate world.

In a social media post, Mr Modi said, Gurudev Tagore had visited Argentina in 1924 and had left a lasting impression on the minds of many people in this nation, especially scholars and students. He said, We in India take immense pride in the contributions of Gurudev Tagore to the nation’s history and culture. The Prime Minister said, Gurudev Tagore’s emphasis on learning and education is also very motivating.

Union Minister of State for Science and Technology, Dr. Jitendra Singh, today inaugurated the state-of-the-art Phenome India ‘National Biobank’ at the CSIR-Institute of Genomics and Integrative Biology in New Delhi.

The Ministry of Science and Technology, in a statement, said that the Biobank will serve as the backbone of a nationwide cohort study, collecting comprehensive genomic, lifestyle, and clinical data from 10 thousand individuals across the country.

It added that the Biobank captures the country’s unique diversity-across geography, ethnicity, and socio-economic backgrounds. The statement further mentioned that the researchers believe that the initiative will aid early diagnosis, improve therapeutic targeting, and bolster the fight against complex diseases such as diabetes, cancer, cardiovascular ailments, and rare genetic disorders.

The Indian Film Festival of Melbourne (IFFM) has announced that superstar Aamir Khan will be the chief guest for the 16th edition of the film gala.

The festival, which is scheduled from August 14 to 24, will include a special retrospective to celebrate Aamir's extraordinary contribution to Indian cinema.

There will also be a spotlight event surrounding Aamir Khan's latest release Sitaare Zameen Par, which features the actor as a basketball coach who mentors a team of neurodivergent adults for community service.

Deepika Padukone has etched her name in history as the first Indian actress to be honoured with a star on the Hollywood Walk of Fame.

The announcement was made during a live press conference at Ovation Hollywood on Wednesday, where Deepika's name was revealed as part of the prestigious Class of 2026.

She joins a select group of stars, including Emily Blunt, Timothee Chalamet, Rami Malek, and Stanley Tucci, among others.

Deepika took to Instagram to express her gratitude, writing, "Gratitude..."

The first-ever Khelo India Water Sports Festival will be held at Srinagar’s iconic Dal Lake from the 21st of August. This was announced by the Union Minister for Youth Affairs and Sports, Dr Mansukh Mandaviya. The three-day water sports festival will see five sports: kayaking and canoeing, rowing, water skiing, shikara race and dragon boat. The open-age competition is expected to see participation of more than 400 athletes from the 36 States and Union Territories. He said that the Khelo India Water Sports Festival is another proof of the government’s commitment to broad-based sports and creating more opportunities for athletes to express themselves at the national level. The Minister said India has a decent standing in water sports in Asia. The water sports festival in Dal Lake will help expose emerging talent and prepare them for international events.