EY's Economy Watch report warns of the potential impact of AI on India's skilled labor force and IT services-led growth model. While AI offers benefits, it also poses risks to employment if workers do not reskill. Proactive policy measures are needed to manage these challenges and maintain long-term growth. The report also mentions other risks like geopolitics and energy security.
Celebrities' ability to transform mundane items into coveted collectibles is exemplified by Justin Gignac's sale of trash from Taylor Swift's wedding for a high price. This trend is driven by the power of internet culture and fan devotion, as even garbage holds sentimental value when connected to idols. Rapper Cardi B's microphone is another example of this phenomenon.
Corn, a versatile grain that has been around for over 9,000 years, is consumed in various forms globally. In India, it is used to make dishes like makki ki roti, pankhi, and barfi. Chef Anahita Dhondy's recipe for Mexican polenta cake, featured in her book The Grain Kitchen, combines the sweetness of cinnamon sugar with savory bacon and fresh berries.
The football world is experiencing a shift as the Messi-Ronaldo era concludes. Rising stars like Mbappe, Haaland, Bellingham, Yamal, and Junior are becoming the new global brands. They are not only excelling on the field, but also crafting their personal stories, connecting with fans on social media, and securing non-traditional partnerships.
Gen Z, known as the ‘snowflake generation’, are turning to analogue hobbies, also known as the ‘grandmacore’ movement, to escape the constant consumption of screens and algorithms. These hobbies, such as painting, pottery, and calligraphy, are gaining popularity through social media and ticketing platforms.
Spain will witness a total solar eclipse on August 12, the first since 1905. Other countries like Greenland, Iceland, and Portugal will also see it, but Spain is the ideal destination due to its warm weather, cultural scene, and transport links. Visitors can enjoy tapas, wine tasting, coastal walks, and island escapes.
Bollywood is undergoing a structural transformation as studios expand into vertically integrated ecosystems, controlling every aspect of storytelling. This trend is similar to global giants like Disney and Warner Bros, with companies like Red Chillies Entertainment, YRF, and Dharma Productions building end-to-end entertainment empires.
Disney, Universal, Sony, and Paramount are major players in the entertainment industry due to their vertical integration and successful franchises. Paramount's purchase of Warner Bros Discovery for $111 billion has caused concern among Hollywood's creatives, who worry about limited opportunities and increased expenses. This deal reflects the industry's focus on streaming and data-based content.
Skyroot Aerospace's Vikram-1 Test Flight-1 successfully reached orbit on July 18, marking India's first privately developed orbital-class rocket and a major milestone for the country's space industry. Named 'Mission Aagaman', it launched from Sriharikota and completed its planned sequence of flight stages, injecting payloads into a 450-km orbit.
Steven Spielberg is the top-earning director with a $7.1 billion fortune from smart deals, real estate, and a disciplined lifestyle. His unique negotiation style has earned him $250 million from one movie and he has ongoing revenue-sharing deals with Universal Studios. He also has partnerships with Netflix and Apple, but remains focused on his craft with a full slate of projects.
Christopher Nolan's new film, The Odyssey, has had a successful opening weekend, surpassing records set by other blockbusters. With a star-studded cast and large budget, the film has already earned over $40 million in its first day and is expected to make over $200 million globally. Critics and audiences are raving about the film, solidifying its place as a top summer box office hit.
Hyderabad-based Skyroot Aerospace is set to launch India's first privately developed orbital-class rocket, Vikram-1, named 'Aagaman', from the Satish Dhawan Space Centre in Sriharikota on July 18 at 11:30 am.
Sonam Wangchuk, a climate activist and education reformer, was hospitalized after a 20-day hunger strike at Jantar Mantar. His condition had worsened, and Delhi Police cited medical advice for the move. Wangchuk was demanding the resignation of Union Education Minister Dharmendra Pradhan over exam irregularities and received support from various groups.
The rise of AI has created a game of snakes and ladders for Gen Z, with automation taking away jobs but also creating a surge in net worth for young entrepreneurs. The latest Forbes Billionaires list includes a record number of under-30 billionaires, many of whom have made their fortunes through AI startups like Aman Sanger, Scale AI, and Mercor.
India has confirmed that the Shahid Beheshti terminal at Iran's Chabahar Port, which is developed and operated by India, was not damaged after the United States carried out an airstrike on a surveillance tower at the neighbouring Shahid Kalantari port earlier this week.
Skyroot Aerospace's Vikram-1, built by former Isro scientists Pawan Kumar Chandana and Naga Bharath Daka, represents the moment when India's private space sector can build a sustainable launch business. Their journey mirrors the evolution of the sector, from an idea viewed with scepticism to one attracting billion-dollar valuations and global investors.
Carmakers are shifting their focus from electric-only to electric-first approach, as seen in the ADAPT display by JSW MG. ADAPT is India's first platform that supports four electrified powertrains: BEVs, HEVs, PHEVs, and REEVs. BEVs are traditional electric cars, while HEVs have a small battery and a petrol engine for fuel efficiency.
The journey from Leh to Nubra Valley via Khardung La pass is a must-visit, historically rich and diverse region. It was captured by the Indian Army from Pakistan during the 1971 Indo-Pak War and is now home to the Balti people with their unique language and culture. While tourism has brought prosperity, it has also caused pollution, making cleanliness a key concern.
The Monsoon Session of Parliament, starting on July 20, will focus on passing key bills such as the Foreign Contribution (Regulation) Amendment Bill and the Income-Tax (Amendment) Bill. The session will also introduce new bills, including the Micro, Small and Medium Enterprises Development (Amendment) Bill, aimed at improving ease of doing business and addressing delayed payments to MSMEs.
Gujarat, Maharashtra, and Tamil Nadu topped the Investment Friendliness Index released by NITI Aayog, highlighting the importance of states in creating a business-friendly environment. Bihar ranked last, while Uttarakhand, Goa, and Delhi were top performers in their categories. The IFI aims to promote reforms, encourage peer learning, and attract private investment for economic growth.
Rystad Energy forecasts a $15-20 per barrel geopolitical risk premium in crude prices due to the escalating conflict between the US and Iran. The chances of sustained fighting have risen to 20% and the likelihood of no agreement has reached 55%.
The government is releasing a revised Index of Core Industries (ICI) on Monday, including iron ore and increasing the number of industries tracked to nine. The base year has been updated to 2022-23 from 2011-12. This marks the first revision since 2017 and follows similar exercises for other macro-economic data.
PM Modi launches India's first hydrogen fuel train, a symbol of the country's expertise in eco-friendly rail transport. The train, built under "Make in India," boasts a 3,200-horsepower engine and 10 coaches, making it the world's strongest hydrogen train. With a top speed of 75 kmph and a 3,000 kg hydrogen storage and refueling facility, it promises economic growth and job opportunities.
Parametric insurance is a fast way to recover from climate-related events, paying a pre-agreed amount based on measurable parameters. It is beneficial for gig workers and farmers who can lose income due to extreme weather. However, it is not a substitute for traditional insurance and has limitations such as fixed payouts and limited event coverage.
The Pension Fund Regulator's new digital toolkit, PRIDE-DISHA, allows National Pension System subscribers to make informed retirement planning decisions by comparing performance of different pension fund managers. It uses an extended internal rate of return (XIRR) to display accurate returns and accumulated corpus based on historical net asset value (NAV) growth.
The inclusion of foreign income and investment data in the Annual Information Statement (AIS) will improve tax compliance and reduce errors. Taxpayers must reconcile the information with their records and disclose all foreign assets to avoid penalties.
EPFO launches "VISHWAS, 2026" to settle disputes through a digital and time-bound process. The scheme aims to promote voluntary compliance, reduce litigation, and resolve long-pending disputes related to penalty/damages. Concessional rates of 0.25%, 0.50%, and 1% per month will be applied for defaults.
India's thermal power capacity saw a significant increase of 1.6 GW, but execution delays and stranded projects are still a concern. With peak power demand expected to reach 300 GW next year, only 22% of the FY27 target has been met. The government plans to add 97 GW of coal-based capacity by 2034-35 to meet the growing demand.
India's export growth in April-May was not just due to higher commodity prices, as 72 out of 100 product categories saw an increase in export volumes. While petroleum exports rose due to crude prices, engineering goods, agriculture, and high-growth sectors like drug formulations and steel products were the main drivers.
The central drug regulator has exempted half of low-risk bioequivalence studies, making it easier for domestic generic drugs to be launched. This has reduced burden on pharmaceutical companies and freed up regulatory resources. Digitization of processes and development of a digital platform to streamline drug value chain have also been implemented.
Farmers in Gujarat's Saurashtra region are protesting against inadequate compensation for power transmission infrastructure, specifically targeting Adani Energy Solutions Ltd.'s project. The protest is expected to spread statewide, with committees formed at the taluka level. Despite a revised government policy, farmers are demanding 400% of market value and a rerouting of the transmission.
The Indian government's new Mobile Phone Manufacturing Scheme has boosted EMS stocks, particularly Dixon Technologies. While the stock has seen recent gains, it has also declined in the past year. Experts have varying opinions on how the scheme will affect Dixon Technologies.
Indian airlines have significantly reduced operations on the India-West Asia corridor due to the Iran-Israel conflict, cutting 1.73 million seats between March and June. Meanwhile, foreign carriers have maintained their schedules, showing the resilience of their hub-based networks.
India's maritime combat capability has been enhanced with the arrival of advanced MH-60R "Romeo" Seahawk naval helicopters from Lockheed Martin. These helicopters are equipped with advanced sensors and weapons systems, making them highly capable for various missions. This highlights the growing defense partnership between India and the United States.
The first scheduled commercial flight between Daman and New Delhi was launched today, connecting the two cities twice a week. The flight was flagged off by Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu. Operated by Alliance Air, the new service aims to improve connectivity, boost tourism, and support business and investment in the region.
SBI Funds Management IPO, which closed with an overall subscription of 41.73 times, is expected to finalise its allotment today, July 17. The IPO, which attracted strong demand, saw the QIB portion being subscribed 140.11 times, followed by NII at 22.51 times and retail at 3.76 times. The grey market premium is around Rs 97 per share, implying a premium of 17%.
Anurag Kumar, a senior IPS officer, has been appointed as Delhi's new Commissioner of Police, signaling a major reshuffle in the city's law-enforcement leadership. With his extensive experience and intelligence background, Kumar is expected to focus on intelligence-led policing, community engagement, and improved coordination with other agencies.
Caliber Mining's IPO, aiming to raise Rs 450 crores, has a price band of Rs 402 to Rs 424 per share and is open for bidding until July 21. The issue includes a fresh issue of Rs 400 crores and an offer for sale of Rs 50 crores. As of 12:30 PM, the IPO has been subscribed 0.72 times, with strong interest from retail investors. Allotment is expected soon.
Antique Stock Broking maintains a positive view on select financial stocks, including Union Bank of India, HDFC Life Insurance, and ICICI Prudential Asset Management Company, due to their strong June-quarter earnings and reinforced long-term earnings outlook.
Nuvama initiates coverage on Siemens Energy with a ‘Buy’ rating and a target price of Rs 4,200, implying a 20% upside. The company is positioned to benefit from India's projected Rs 7.93 lakh crore transmission investment cycle through FY36. Its portfolio in the high-growth 400–765kV segment, robust export growth.
Maruti Suzuki to challenge court order to replace vehicle over E20 fuel concerns, citing evidence of fuel contamination. Raises concerns about E20 fuel compatibility and quality for older cars. Court orders compensation for mental harassment and litigation costs, highlighting challenges of India's move towards higher ethanol blending in petrol.
The highly subscribed SBI Funds Management IPO is awaiting the basis of allotment, to be finalized today. The issue saw strong demand from institutional, retail, and shareholder categories. Successful applicants can expect shares to be credited before the July 21 listing. Investors can check their status on BSE, NSE, or KFin Technologies, but should keep in mind the risks involved in investing.
The popular Mix Up-Down toy train on the Kalka-Shimla railway line has resumed operations after a summer break. The budget-friendly train runs daily, stopping at all 18 stations between Kalka and Shimla. It is a convenient and affordable option for tourists and local passengers, with a fare of just ₹50.
India's data centre industry is boosting the power sector, benefiting companies like NTPC, JSW Energy, Tata Power, and Torrent Power. By 2030, data centres are expected to account for 7-8% of peak power demand, leading to a surge in demand.
The Bandra Terminus–Gorakhpur Special Train on July 18 has been cancelled by Western Railway due to operational reasons. This will impact passengers travelling between Maharashtra, Gujarat, Rajasthan and Uttar Pradesh. Passengers should find alternative travel options and check the route and list of stations affected.
SCR has extended the Hyderabad-Gorakhpur special train services to meet growing demand and provide convenience to passengers. This will ease the load on the busy route, offer more options and increase chances of confirmed tickets. The trains will pass through major stations in Telangana, Maharashtra, Madhya Pradesh, and Uttar Pradesh.
Delhi CM Rekha Gupta unveiled a new policy to boost startups and entrepreneurship in the city. With an investment of Rs 400 crore, the policy aims to make Delhi a hub for startups and provide support for turning ideas into successful businesses. It will cover educational institutions and offer financial aid, mentorship, and networking opportunities.
Motilal Oswal is optimistic about the future of HDFC Group, especially HDFC Bank. The brokerage predicts strong growth for the bank due to its sustainable and profitable expansion strategy. HDFC Life Insurance and HDFC AMC also show promise with their expanding product portfolios. However, HDB Financial Services is viewed with caution despite improvements in margins and asset quality.
Indian Railways has extended two special train services connecting Telangana with Bihar and Bihar with Karnataka to meet the increasing demand for train travel. These trains will continue operating for several weeks with multiple trips and provide additional seats for passengers during the busy season. They will stop at major stations and offer various coach options.
US President Donald Trump used a 25-minute address to the nation on Thursday to once again question the integrity of the 2020 US presidential election, announce the release of what he called new classified documents linked to China, and urge Congress to pass stricter voting laws.
Wipro's Q1 earnings saw a stagnant net profit and a decrease in IT revenue compared to last year, resulting in a 15-quarter low operating margin due to higher employee costs and lower utilisation levels. However, the company reported a rise in large deal bookings and declared an interim dividend. While the stock has slightly increased in the last five trading sessions.