Global oil futures experienced a decline due to the possibility of a US-Iran peace deal, but experts caution that disruptions in crude supplies through the Strait of Hormuz may continue for weeks. The proposed deal includes a halt on Iran's nuclear program and a gradual reopening of the strait, but it could take until July for normal oil flow to resume.
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.
The Centre has approved a vehicle scrappage scheme worth Rs 9,590 crore for Delhi-NCR, which could increase truck demand by 5%, as per a report by Nomura. Tata Motors, Ashok Leyland, and Eicher Motors are expected to benefit from the scheme. Old vehicle owners must scrap their vehicles at authorized facilities and purchase BS-VI compliant or electric vehicles to avail incentives.
The highly anticipated NSE IPO has been a hot topic in the primary markets, with investors closely monitoring the exchange's impressive financial performance. Despite an uncertain timing, the unlisted market activity has seen a rise of 5% in the past six months and 15% in a year, making it a promising investment opportunity.
A homemaker-turned-YouTuber in Madhya Pradesh was robbed of valuable items worth Rs 10 lakh after burglars broke into her house. Police suspect the crime was planned using information from her social media videos. The family was locked in a room and CCTV footage is being examined. Officials believe the suspects were familiar with the family's routine through the YouTuber's videos.
Bombay High Court grants interim protection to Anil Ambani in tax evasion case, admits his plea challenging the constitutional validity of Black Money Act. HC directs Union government to file affidavit, says no coercive action to be taken against Ambani till final disposal of the case. Ambani accused of evading taxes on undisclosed funds of over Rs 814 crore in Swiss bank accounts.
Kiran Mazumdar-Shaw, founder of Biocon, shared a video of a drone cleaning building windows in Bengaluru, showcasing its potential for efficient and safe maintenance in urban areas. This sparked a debate on the balance between commercialization and solving social problems, emphasizing the need for technology, policy, and adoption in India's innovation discourse.
NCDRC orders Adani M2K Projects LLP to refund Rs 49 lakh plus interest to Noida couple, quashes flat cancellation in Gurugram. Commission rules developer's actions were improper and upholds couple's objections to "unfair" agreement. Precedent set for future disputes involving boilerplate builder agreements.
Jefferies, a global brokerage house, has identified three stocks from different industries - Meesho, Aegis Vopak Terminals, and InterGlobe Aviation - that it believes could see significant growth in the future. Meesho is an e-commerce platform targeting non-metro markets, Aegis Vopak operates liquid and LPG storage facilities, and IndiGo is a leading airline in India.
Indian Railways has extended two pairs of special train services connecting Thiruvananthapuram North and Tambaram to Santragachi in eastern India to meet passenger demand. The Southern Railway has confirmed the extension and reservations are now open. The trains will continue to operate on their respective weekly schedules with additional trips during June and July 2026.
A new special train connecting Shri Mata Vaishno Devi and Haridwar has been approved by the Ministry of Railways. The service will run on June 14 and 15, with a journey time of 12 hours and 15 minutes. The train will also make stops at various stations along the route.
India has put a hold on approving Elon Musk's Starlink satellite internet service, citing security concerns. This could affect SpaceX's upcoming IPO and give competitors an advantage. Talks with the government are ongoing, but a compliance framework may be necessary. Starlink's revenue projections may also be impacted due to the delay.
Nuvama's brokerage report identifies CG Power and Thermax as top picks within India's engineering and capital goods sector. The sector, which encompasses power transmission, renewable energy, data centres, and railways, remains crucial for the country's infrastructure and manufacturing growth.
Adani Energy Solutions has made a significant move by acquiring Intellismart Infrastructure for Rs 3,050 crore, as the Indian government aims to replace 25 crore conventional meters under the Smart Meter National Programme. This deal is expected to bring in a revenue opportunity of Rs 30,000 crore and make Adani Energy the largest smart metering platform in India with over 4.7 crore smart meters.
A new train service has been approved by Minister Ashwini Vaishnaw to improve rail connectivity between Madhya Pradesh, Hyderabad, and other parts of the country. The train will run through Katni and is expected to benefit passengers from several districts in Madhya Pradesh. The train will provide a more convenient and reliable travel option for thousands of people.
Hyderabad to get new international bus terminal in Gajularamaram, covering 100 acres. Construction to start in 3 months as part of government's efforts to enhance public transport and accommodate growing population. Chief Minister stresses on balanced development for the city's progress.
The Bengaluru Metro Blue Line project has reached a significant milestone with the delivery of its first six-coach train by BEML. This driverless train, equipped with modern technology, will undergo thorough testing before passenger services can begin. The Blue Line will improve connectivity and provide a faster mode of transport, easing traffic congestion in Bengaluru.
Motilal Oswal recommends four stocks with potential upside of 28-35%: Gabriel India, InterGlobe Aviation, JSW Infrastructure, and Dr. Agarwal's Health Care. These companies are expected to benefit from business transformation, increasing air travel demand, India's focus on logistics efficiency, and growing healthcare demand.
An Indian co-founder who bootstrapped a brand from scratch, raised over ₹30 crore in a Series A round from marquee investors, employs more than 100 people, and ships products to Indian families across the country walked into the US consulate for a routine visitor visa, and walked out with a rejection slip.