ICRA's April 2026 report predicts continued losses for India's aviation industry in FY2027, with projected losses of Rs 17,000-18,000 crore. Rising fuel costs, a weakening rupee, and geopolitical disruptions are cited as reasons for the negative outlook. Air India is expected to report a loss of over Rs 20,000 crore for FY2026.
India's defence exports are expected to exceed the government's target of Rs 50,000 crore before 2029, with indigenous procurement rising to 70% and imports falling to 30%. The country is seeing growing global demand for its defence products, including advanced artillery guns, radar systems, and drones. However, challenges such as lengthy testing procedures still persist.
Elara Capital, an investment bank and brokerage firm, reports that the banking sector has been severely affected by the Middle East war, causing a slowdown in MSME loan growth across all lenders. However, asset quality remains resilient and government-backed guarantee schemes may help mitigate risks.
On 12 June, 2025, thirty-two seconds after the Boeing Air India Flight AI171 lifted off, it came down on the hostel complex of BJ Medical College in Meghaninagar.
Iranian officials mock Trump on social media after he announced plans to resume military action against Iran, only to later claim the conflict has ended. The Iranian Embassy in Armenia joined the "TACO Trump" trend, causing stocks to rise and oil prices to drop. This is a recurring pattern, showcasing the impact of Trump's decisions on the market.
Puducherry's Consumer Commission orders IndiGo to pay Rs 1 lakh compensation and Rs 20,000 for litigation costs to an elderly couple for a six-hour flight delay. The commission found the airline guilty of deficiency in service, rejecting their claims of unavoidable maintenance issues.
The Indian government has introduced a Venture Capital Fund and a Technology Adoption Fund worth Rs 1,000 cr and Rs 500 cr respectively, leading to a rapid transformation in the country's space sector. The private space ecosystem has grown significantly with over 400 startups, including prominent companies like Skyroot Aerospace, Agnikul Cosmos, Pixxel, GalaxEye, Digantara, and Dhruva Space.
South Western Railway has extended the Mysuru-Madar Junction special train service to ease the heavy passenger rush and meet high demand between Karnataka and Rajasthan. The train will now run on 20 and 27 June from Mysuru to Madar and on 22 and 29 June from Madar to Mysuru. This will provide better connectivity and ticket availability for passengers during peak travel days.
External Affairs Minister S Jaishankar strongly defended India's purchase of Russian crude oil on Thursday, pushing back against criticism from Western countries and questioning what he described as inconsistencies in their approach to sanctions, trade and global energy security.
Western Railway has announced a special weekly train between Valsad and Lalkuan to ease the heavy rush on trains heading to popular hill destinations like Nainital. The train will run on selected dates in June and July 2026 and will have multiple classes of accommodation. It will stop at key stations and provide more options for passengers travelling to Uttarakhand during this busy period.
The Ministry of Defence has signed a Rs 449 crore contract with Accord Software and Systems Private Limited for 20 Enhanced Capability GNSS Jammers for the Indian Navy. These jammers will strengthen maritime security with over 75% indigenous content and enhance operational capability. The contract highlights the government's focus on Aatmanirbhar Bharat.
A new train service has been launched, connecting Madgaon and Karwar, making travel between Goa and Karnataka more convenient. The daily service will improve short-distance travel, strengthen connectivity, and benefit daily commuters, students, and workers. It will also boost local trade and business in the coastal region, providing a faster and more reliable option for passengers.
Vedanta's long-awaited demerger is complete, with four new standalone companies starting trading on June 15. This marks a major restructuring for the Indian natural resources group, with each segment operating independently. Shareholders will receive one share of each new company for every one Vedanta share they hold.
Hiring employees can be frustrating. But according to entrepreneur and Shark Tank India judge Anupam Mittal, employers rarely get to share their side of the story.
Google director Rene Mayrhofer resigned from the company due to management losing moral compass and signing deals with the US Ministry of War, despite CEO Sundar Pichai's AI principles. Mayrhofer, a pacifist, could not support the current actions of the company and its involvement with the Pentagon.
Four companies recently sold and repurchased a small percentage of shares in Zee Entertainment, a prominent media and entertainment company in India. Despite a 17% decrease in stock price over the past year, ZEE has seen a 2% increase in the last five days, 30% in the last month, and 19% in the past six months.
The Indian government is closely monitoring shipping activity in the Gulf region and has implemented emergency measures for Indian sailors after a recent attack on a commercial tanker. Safety concerns have led to heightened alert and increased support for seafarers and their families. Efforts are being made to bring rescued sailors back home.
Indian equity markets remain cautiously optimistic due to resilient corporate earnings and signs of revival in domestic capex. However, geopolitical tension, volatile crude prices, and concerns over global growth have led to revised index targets and earnings estimates by brokerages. Despite risks, India remains attractive with strong earnings growth and favorable valuation.
Indian states presented their development plans at the NITI Aayog meeting, aligned with the national goal of becoming a developed nation by 2047. PM Modi chaired the meeting, emphasizing human development and the role of human capital, technology, infrastructure, and inclusive growth. States showcased their strengths and strategies, including AI governance and global competitiveness.
Mumbai's Aqua Line 3 commuters can now enjoy mobile connectivity underground as all three private telecom operators have resolved a dispute with metro authorities and started providing services. Airtel and Vodafone Idea have already rolled out services, with Jio expected to follow by mid-July.
Finance Minister Nirmala Sitharaman spoke at the Global Convergence for Growth Summit, stressing India's projected 7% GDP growth and the importance of balanced global growth. She warned against developing nations bearing the burden of correcting economic imbalances and called for international cooperation and a stronger multilateral framework for inclusive and sustainable growth.
India, a top consumer of FIFA World Cup content, has never qualified for the tournament. However, fans in Kolkata, Kozhikode, and Delhi are eagerly anticipating the event. Brands have recognized this and are shifting their advertising strategies to foster a sense of community among football fans. The late match timings have also led to intentional viewership and social engagement.
Air India flight AI171 crash prompted the implementation of safety measures in the aviation sector, including inspections, fleet improvements, and mental health support for employees. Regulatory overhauls like enhanced safety management systems and stricter flight duty time limitations have also been put in place.
The government has extended central excise duty exemptions to petrol blended with 22%, 25%, 27%, and 30% ethanol, following the notification of standards for higher ethanol blends. The move comes months after India achieved its 20% ethanol blending target. The exemptions have been granted for E22, E25, E27, and E30 fuels conforming to BIS specification IS 19850:2025.
VIP Industries, a renowned luggage brand, is revamping its digital presence, supply chain, and retail touchpoints to stay competitive. Despite facing competition from digital-first brands, its trust, brand equity, and scale give it an edge. The company is targeting younger consumers through its Gen Z brand, Skybags, and also catering to the unbranded market with its value offerings.
Gujarat International Finance Tec-City (GIFT City) is becoming a major player in aviation leasing, with 35 registered lessors and 373 leased assets. The city's improved legal framework for aircraft repossession has boosted lender confidence and attracted external commercial borrowing.
Human activities have caused global warming to reach 1.37°C above pre-industrial levels, putting the world on track to surpass the critical 1.5°C threshold in four years. The Indicators of Global Climate Change report shows that there is only a three-year carbon budget left to limit warming to 1.5°C, emphasising the urgent need for immediate climate action.
Navi Mumbai is set to witness a major improvement in daily commuting with the approval of a new 28-km integrated metro corridor connecting key areas of the city, including the upcoming Navi Mumbai International Airport. This project, estimated to cost around ₹5,575 crore, will benefit around 12 lakh commuters and reduce traffic congestion while promoting sustainable urban mobility.
The travel time between Katra and Srinagar is set to reduce from 5.5 hours to 3 hours with the construction of a new 4-lane high-speed corridor, estimated to cost ₹12,000 crore. A Detailed Project Report is being prepared for the 125-km-long corridor, which will improve travel, support smoother movement in all seasons and boost tourism and economic growth.
RBI has allowed banks to mobilise FCNR(B) deposits with maturities of 3-5 years until September 2026. The central bank will cover the hedging costs, making it easier for banks to attract foreign capital. Banks have already raised rates to attract NRIs, with SBI expecting $40-45 billion inflows.
The government is considering revising the fertiliser subsidy budget for this year due to a drop in urea prices. Aparna S Sharma, Additional Secretary of the Department of Fertilisers, mentioned that the recent decrease in import prices could prompt a reassessment of the subsidy. India's current stock and production are on track, suggesting a potential decrease in demand.
Government's wheat procurement for 2026-27 rabi marketing season has reached 35.41 MT, exceeding the target of 34.6 MT. This is 18% higher than the previous year, with major contributions from Punjab, Haryana, Madhya Pradesh, Rajasthan, and Uttar Pradesh. The aim is to bolster stock and ensure supplies under the public distribution system.
Indian government has sufficient fertiliser stock for kharif season, may revise subsidy estimates due to global urea price drop. National Fertilizers Ltd received bids for 6 million tonnes at lower rate, could reduce subsidy and ensure soil nutrients for rabi season. Global prices decreased due to new market players.
MINI India has introduced a Price Protection Assurance Program to ease customer concerns about duty reductions due to free trade agreements. The program offers 180 days of price protection on select imported models and refunds the difference if prices drop during this period.
BHEL, a public sector company, secures Rs 90 crore work order from Damodar Valley Corporation for 800 MW power station. Q4 profit and revenue show significant increase, with 155% jump in net profit and 36% increase in revenue from operations. However, company's stock has declined.
Citi has downgraded the 12-month Nifty target to 26,000 from 27,000 due to geopolitical tensions, AI risks, and El-Nino concerns. However, the brokerage maintains a positive outlook and expects the Nifty to reach 26,000, with key overweight sectors being financials, telecommunications, healthcare, utilities, and defense.
When Forbes released its 250: America's Most Successful Living Immigrants, the world's richest man landed at number two. The man who beat him didn't found a tech company or crack open a new industry. He arrived in America in 1968 with a thick Austrian accent, an improbable physique, and an even more improbable plan.
Pune Metro Line 3 between Maan, Hinjawadi and Baner, covering 12 stations, is set to open on July 15. The project, developed under the PPP model with an estimated cost of ₹8,313 crore, will have a total of 23 stations and provide relief to IT employees while reducing road congestion.The total cost of the project is estimated at ₹8,313 crore.
Dr Shamsheer Vayalil, an Indian-origin billionaire in UAE, has pledged a Dh1 million humanitarian aid package for the families affected by the Emirates Road crash. The package covers financial support, medical expenses, and emergency assistance for travel, accommodation, and education.
Congress MP Shashi Tharoor suggests that India needs to implement major policy, infrastructure, and tax reforms to become a more appealing and budget-friendly tourism destination. He argues that despite having a lower per capita income, India is more expensive and inconvenient for foreign tourists compared to countries like Thailand.
A new special train service has been launched by North Central Railway to improve connectivity between Surat and Prayagraj. The train will run twice a week and pass through important stations such as Gwalior, Ujjain, and Ratlam. Another special train has also been introduced between Prayagraj and Indore via Ujjain. This will make travel easier for pilgrims and long-distance passengers.
Born in Nattika, a coastal village in Kerala's Thrissur district, he grew up in a modest Muslim family. The village was known more for coconut trees and temple festivals than for producing business tycoons. As a young boy, he even dreamed of becoming a lawyer. Life, however, had other plans.
USCIS withdraws appeal in Mukherji EB-1A case, reinforcing legal challenge to agency's handling of employment-based extraordinary ability petitions. Nebraska court found USCIS's Kazarian Two-Step adjudication procedure was unlawfully adopted in 2010. Court orders USCIS to approve Mukherji's EB-1A I-140 petition.
South Central Railway (SCR) has introduced special unreserved train services between Hyderabad and Wadi to provide more travel options and convenience to passengers. Four special trains will be operated on June 29 and July 1, 2026, in both directions with multiple stops along the route. These services aim to ease the rush during peak summer travel.
An Indian-origin financier accused of carrying out a massive $100 million bank fraud scheme while living a life of luxury in California has been arrested by federal authorities.
Haryana government has implemented austerity measures to save fuel, improve energy efficiency, and reduce expenses due to global economic uncertainties. The guidelines, in effect until September 2026, apply to all state departments and include restrictions on foreign travel, VVIP convoys, and fuel expenses.
On June 10, FID FDI 2117 LLC and FID FDI 312 LLC sold 5.98 crore equity shares of Meesho, a popular e-commerce platform, at an average price of Rs 165.18 and Rs 165.21 respectively. Meesho allows individuals to start their own online businesses without any initial investment and has a 0% commission policy.
The Union Cabinet has approved a new metro corridor connecting Koteshwar Road and Ahmedabad Airport, costing ₹2,169 crore. The project will be completed in four years and provide direct access to the airport, reducing travel time and easing traffic congestion. This will expand the Ahmedabad-Gandhinagar metro network to 77.63 km.
The New Jalpaiguri–Siliguri Rail Line Doubling Project is set to improve passenger and freight movement in West Bengal. The Ministry of Railways has recently approved ₹916.18 crore for the project, which will increase capacity, improve connectivity, and reduce congestion on the busy route. The project will also lead to economic growth in the region.
PM Narendra Modi has surpassed India's first Prime Minister Jawaharlal Nehru's record by completing 4,399 consecutive days in office. During his tenure, Modi has led the BJP to three consecutive Lok Sabha election victories and made significant strides in economic growth and national security. His leadership has also seen major political reforms.
Hindustan Zinc has partnered with Sulfozyme Agro India to strengthen India's downstream zinc sector through sustainable metal recovery and innovation. Sulfozyme Agro will set up zinc-based manufacturing operations at the Zinc Industrial Park in Rajasthan, with Hindustan Zinc providing raw material supply and ecosystem support.