The Union Cabinet has given the green light to two major manufacturing initiatives worth Rs 1.9 lakh crore. These programs, ISM 2.0 and MPMS, aim to boost India's self-reliance in chip production, attract investments of Rs 4 lakh crore, and generate production worth Rs 2 lakh crore.
India's stricter grid-discipline regulations, set to take effect in 2027, could reduce wind-project revenues by 48% and solar revenues by 11%, hindering the country's goal of reaching 500 GW of non-fossil power by 2030. This could also impact investor returns and impede the energy transition, causing concern among investors.
India's overall unemployment rate remained unchanged at 5.5% in June, but there was a significant increase in joblessness among the youth, particularly in urban areas. The urban and rural unemployment trends diverged, with urban unemployment rising to 6.6% while rural unemployment slowed slightly to 5.0%.
India's attempts to decrease gold imports have failed as the import bill rose by 47.1% in the first quarter of FY27. Despite higher import duty and a plea from PM Modi to limit purchases, domestic gold prices have negated the duty hike. In contrast, silver imports have dropped due to restrictions and delays in import quotas.
TMPV opposes BEE's proposal to sell compliance credits under the CAFE credit-debit mechanism, stating it would distort the credit market and discourage investment in cleaner vehicle technologies. They suggest BEE should only regulate, verify, and facilitate the credit market, while compliance credits should be left to automakers.
The Indian automobile industry saw a strong growth in June, with passenger vehicle sales rising by 24.1% and two-wheeler sales by 18.6%. Scooters outperformed motorcycles, while three-wheeler sales also remained strong. The industry is expecting a steady demand in the upcoming festive season, supported by lower vehicle prices, easier financing, and improving monsoon conditions.
Embraer, a Brazilian aircraft maker, is discussing a potential aircraft order with Alliance Air as the regional carrier deals with problems with its current fleet. The airline is looking at the E175 and E190-E2 from Embraer's E-Jet family, which has been certified for operations in India. This will enable regional airlines to use bigger planes and enhance connectivity to smaller cities.
US President Donald Trump surprised both America's Gulf allies and many of his own advisers when he announced a plan to charge a 20% toll on ships passing through the Strait of Hormuz. The proposal triggered confusion inside the White House and concern across the Middle East before Trump abandoned the idea just a day later.
A car fire in India's first undersea road tunnel caused traffic to halt for over an hour. Emergency teams responded, and the tunnel was closed for firefighting. Commuters panicked and evacuated, but no injuries were reported. The damaged vehicle was removed and traffic resumed. Advanced safety systems in the tunnel ensured public safety.
Nomura maintains 'Buy' rating and Rs 400 target price for Nuvoco Vistas due to improving prices and cost management. Ongoing capacity expansion plan and strong June quarter performance, despite monsoon challenges, expected to strengthen company's position. Non-trade segment played a major role in revenue growth, with potential wider implications according to Nomura.
ICICI Securities reiterates ‘Buy’ rating on Bajaj Consumer Care with a target price of Rs 760, citing a 15% upside. The company’s EPS estimates for FY27 and FY28 have been upgraded by 24% and 28%, respectively. Q1FY27 saw strong revenue growth of 25%, driven by flagship brand Almond Drops and non-ADHO portfolio.
The Karnataka government has announced a plan to become the country's AI capital, including building two green data centres, establishing an AI university, and promoting sustainable digital infrastructure. Chief Minister DK Shivakumar has urged developers and entrepreneurs to support this ambitious roadmap.
Morgan Stanley predicts a promising future for affordable housing finance companies, with increased disbursements and loan growth leading to higher earnings. The brokerage has raised target prices on five stocks, with potential gains of up to 42%.
Football fans and officials are upset with FIFA's plan to extend the 2026 World Cup final's half-time break to 30 minutes for a "Super Bowl-style" show featuring popular artists like Justin Bieber, Madonna, Shakira, and BTS. This move is seen as prioritizing commercial entertainment over the game's integrity, further adding to the controversy surrounding FIFA President Gianni Infantino.
More than a year after the Air India Boeing 787 crash that claimed 260 lives near Ahmedabad, investigators are in the final stages of finding out what went wrong.
IRCTC has launched a revamped website to improve the booking experience for passengers. The new platform offers a cleaner interface, fewer interruptions, and faster bookings. This decision was made after a viral video by a student exposed the challenges faced while using the old website.
Tripura CM Manik Saha inaugurated 11 development projects worth Rs 105.73 crore in Udaipur, Gomati district, highlighting the state government's focus on public welfare and infrastructure development. The projects span key sectors such as education, healthcare, sports, and public administration, and are part of Tripura's larger plan to accelerate development.
Tata Elxsi's Q1 earnings disappoint street with sequential decline in earnings, lower margins, and demand challenges in key business segment. Leading brokerage house cuts target price and maintains 'Sell' rating, citing slow recovery and high valuations. Stock under pressure despite year-on-year growth, as investors focus on weak margins and uncertainty in largest business segment.
Congress leader Shashi Tharoor urges for dialogue with protesting students and climate activist Sonam Wangchuk, acknowledging their frustration with the failing merit-based system. Tharoor, recalling his own upbringing, urges the government to engage with the youth and address their concerns.
Gulf producers are racing to build pipelines and ports that let oil leave the region without passing through the Strait of Hormuz.
Investors in SBI Funds Management's IPO have a unique opportunity to apply under two categories - retail and shareholder reservation. Eligible SBI shareholders can submit two separate applications, potentially increasing their chances of receiving an allotment.
JM Financial maintains 'Buy' rating on Bharti Airtel with Rs 2,450 price target, highlighting strong ARPU growth potential and premiumization strategy. Emphasises tariff repair in the Indian wireless industry, expects 12% CAGR in ARPU by FY29. Bharti Airtel is expanding home services and exploring new growth areas like data centres and financial services.
The US Congress passed the 'Sunshine Protection Act' to make daylight saving time permanent, pending Senate and presidential approval. This would eliminate clock changes but states can still choose to observe DST. Mixed reactions include concerns about safety, productivity, and air travel.
Devotees from Barbil and Bangriposi in Odisha now have convenient new train options to reach Puri for the Jagannath Rath Yatra. The East Coast Railway has introduced two special trains to ease trathe vel rush during the festival. The Barbil-Puri Special Train will run on July 15 and 23, while the Bangriposi-Puri Special Train will run on July 15, 23, and 24.
India's life sciences industry is moving towards innovative drug discovery, with a significant increase in programs and successful assets. The sector has attracted more investments and startups, but needs to improve in areas such as funding, research, trials, and regulations. Companies are taking different approaches to compete globally, and India has a competitive edge with lower costs and data.
The West Bengal government has transferred 1,024.75 acres of land to the BSF for fencing along the India-Bangladesh border. This aims to enhance national security and overcome obstacles in the delayed fencing work. The state has also taken steps to identify and detain illegal immigrants and prevent smuggling. The BSF has also reviewed its operational readiness.
Novak Djokovic, the record holder for most Grand Slam singles titles in tennis, shares his mindset and habits that have kept him at the top for two decades. Success was not a choice for Djokovic, but a must, driven by his duty to his family. He attributes his resilience to his supportive environment and ability to learn from defeat.
A lawsuit has been filed against Meta by 26 former and current employees, alleging that the company used AI to conduct discriminatory mass layoffs. The plaintiffs are seeking a preliminary ruling to stop the layoffs and have an independent audit of the AI systems. Meta denies the claims and faces concerns about its use of AI in tracking employee data.
The Dholera International Airport in Gujarat, part of the Delhi-Mumbai Industrial Corridor, is almost finished, with 80% of construction completed. The airport will have a 4-km runway, modern cargo facilities, and a strategic location near Dholera Smart City. It will start operations by October, improving connectivity, trade, and industrial growth in the region.
Akasa Air will resume its Noida-Navi Mumbai direct flight service from October 1, 2026, improving connectivity between the two airports. Meanwhile, IndiGo has suspended its non-stop flight service between Noida International Airport and Chandigarh Airport. The airline is planning to connect Noida International Airport with 16 destinations and offer one-stop connectivity on 14 city routes.
Maruti Suzuki's Dzire remains the top-selling car in India for the first half of 2026, with Tata Motors' compact SUVs Punch and Nexon following closely behind. Maruti Suzuki dominates the top 10 list with its Ertiga, Wagon R, Swift, Baleno, and Fronx models, while Hyundai's Creta and Mahindra's Scorpio/N take the ninth and tenth spots.
Indian Railway Minister Ashwini Vaishnaw has introduced several reforms to modernize the country's freight system. These include container-based transportation for fly ash, simplified rules for container train operators, and a flexible system for fertiliser movement. A skilled certification framework for railway workers and stricter rules for contractors are also part of the reforms.
Uttar Pradesh is set for a major infrastructure boost with the approval of new road works worth ₹50,000–60,000 crore. The state will see the construction of several highways, including the Ayodhya–Gonda four-lane road project and the Agra–Gwalior greenfield six-lane Expressway. The government also plans to expand the National Highway network and develop service roads along Lucknow's Kisan Path.
Trump has made significant changes to the White House, using it as a venue for various events such as UFC fights and a Tesla showroom. Recently, the lawns were transformed into a motorcar-racing circuit, with Trump hosting IndyCar drivers and receiving his own Grand Prix helmet. This was a preview for the upcoming Freedom 250 Grand Prix.
Liang Wenfeng, founder of Chinese AI company DeepSeek, has become the world's richest AI founder with a net worth of $36 billion. This was achieved through a recent funding round that boosted his net worth by $19 billion. Other top AI founders, such as Sam Altman of OpenAI and Dario Amodei of Anthropic, have significantly lower net worths.
Motilal Oswal has recommended 'Buy' ratings on five companies, including HCL Technologies, Grasim Industries, ICICI Prudential Asset Management Company, Indian Hotels Company, and L&T Finance. The target prices for these stocks imply an upside of 17% to 20% from current levels. Motilal Oswal's positive view on these stocks is based on factors such as strong revenue performance.
A new expressway between Agra and Gwalior is set to reduce travel time from 3 hours to 1.5 hours. The six-lane project, costing Rs 4,600 crore, will also improve connectivity between Delhi and Gwalior. It is expected to boost tourism, ease daily commutes, and support development in the region by reducing traffic congestion and providing better road infrastructure.
India's wholesale price inflation rose to 9.87% in June, driven by higher prices of food items, petroleum products, basic metals, and chemicals. Food inflation accelerated, with the WPI Food Index reaching 6.14%. Fuel and power inflation remained high at 27.41%, while inflation in manufactured products remained unchanged at 7.48%. Output and input prices also continued to rise.
Andy Burnham is likely to become the United Kingdom's next Prime Minister after winning overwhelming support from Labour Party MPs, leaving him as the only candidate in the leadership race.
East Coast Railway has announced special trains on demand between Shalimar and Puri, and Badampahar and Puri to make travel easier for devotees attending the Rath Yatra 2026 at Jagannath Dham. The trains will operate on selected dates, stopping at key stations along the route, providing additional travel options and managing the expected rush of devotees.
TCS and HCLTech entered FY27 with booming AI businesses and billion-dollar deal wins, but revenue growth remains subdued. TCS posted 0.4% sequential constant-currency growth, while HCLTech slipped 0.5%. With AI reshaping productivity, margins and workforce strategies, the key test now is how quickly record bookings translate into actual revenue.
Mangalagiri Railway Station in Andhra Pradesh has undergone a major transformation with upgraded facilities and modern infrastructure under the Amrit Bharat Station Scheme. The station will be virtually inaugurated by PM Modi on July 17, featuring a modernised station building, improved waiting areas, upgraded platforms, and better accessibility for all passengers.
The United States Embassy in Abu Dhabi and the US Consulate General in Dubai have cancelled all consular appointments scheduled over the next few days because of the current security situation in the region.
The SBI Funds Management IPO is receiving positive reviews from experts as a long-term investment in the AMC sector. Its strong market position and backing by SBI provide a competitive edge. Despite being priced lower than ICICI Prudential, the IPO is fully subscribed and experts advise a 'Buy' rating.
HCL Technologies' Q1FY27 earnings show a 20.34% rise in net profit and 14% increase in revenue. The company declared an interim dividend and maintained full-year guidance. However, stock saw a 3% drop due to concerns over valuation, with JM Financial giving a "Reduce" rating. Analysts at Motilal Oswal and Nomura remain optimistic. Investors should weigh these factors before investing.
The Kempegowda International Airport in Bengaluru has launched a new lounge, Gate Z, catering to the needs of Gen Z travelers. The lounge offers dining, entertainment, and work spaces with a retro-diner decor and AI-powered experiences. It promotes inclusivity, authenticity, and self-expression and is not limited to credit card holders, but also accessible to Gen Z individuals.
A United Airlines flight from Rome to Newark was diverted to Ireland after the pilots noticed vibrations in the right-hand engine and a mysterious odor on board. The plane landed safely at Shannon Airport and passengers were offered accommodations and rebooked on other flights. This incident adds to the recent troubles faced by United Airlines, including a lawsuit over window seats.
Trump on Monday said the United States will act as the "guardian" of the Strait of Hormuz, one of the world's most important oil shipping routes. But this time, he says America should not do it for free.
MacKenzie Scott, ex-wife of Jeff Bezos, makes headlines with her $20 million donation to Active Minds, her largest yet. Despite giving away billions, she remains a billionaire, with her net worth increasing by $321 million. She plans to donate at least half of her fortune to philanthropic causes.
An Indian crew member was killed, and eight others were injured after two UAE oil tankers were hit by Iranian cruise missiles in the Strait of Hormuz on Tuesday. The attack marks another major escalation in the ongoing conflict involving Iran, the United States and Israel, with commercial shipping in the Gulf frequently coming under threat.