5.829 trillion
IMF releases second tranche of $1.023 billion to Pakistan under EFF, praises economic progress with 2% primary surplus in first half of FY25. Urges tight fiscal discipline for upcoming budget, with primary surplus goal of 1.6% of GDP and tax revenue target of Rs. 5.829 trillion.
West Bengal government suspends entry passes for congregational prayers at Bankra Mosque located within the Kolkata airport premises due to airport expansion. BJP President Samik Bhattacharya supports the decision and emphasises the need for a modern airport. Airport authorities temporarily suspend prayers for renovation work.
SBI Funds Management IPO to open on July 14 to July 17, but investors should be cautious of the risks outlined in the DRHP. These include SEBI's new regulations, changing investment trends, and high royalty. The new BER framework may affect profit margins, and there are concerns about revenue cannibalisation and contingent liabilities. The company doesn't own the "SBI" brand.
Raja Bhoj Airport in Bhopal has completed trials for its new CAT-II Instrument Landing System, improving visibility for safe landings in heavy rain and fog. This upgrade will reduce flight delays and cancellations, making air travel from Bhopal more reliable. The airport also connects the city to major destinations, benefiting air passengers.
SBI Funds Management, the asset manager behind SBI Mutual Fund, is all set to open its Rs 9,812.9 crore IPO on July 14. The Grey Market Premium (GMP) for the IPO is currently around Rs 89-91, indicating a potential listing premium of 15-16%. The IPO size was reduced from Rs 11,692.91 crore to Rs 9,812.9 crore due to a pre-IPO placement of 3.
A protest in San Francisco by 'Stop the AI Race' called for a halt in the development of advanced AI models at major tech companies OpenAI, Anthropic, and Google DeepMind. Led by activist Michael Trazzi, the group raised concerns about job losses, existential risks, and environmental damage caused by the AI boom. This comes amidst widespread layoffs in the industry.
Today, a new MEMU train will be launched, connecting Yelahanka and Arsikere, fulfilling a long-standing demand for improved rail connectivity. The train will operate six days a week, stopping at important stations and providing affordable and convenient travel options. This is expected to benefit residents by improving access to healthcare, education, and employment opportunities.
Southern Railway has announced special train services between Chennai and Kollam to handle the expected increase in passenger demand during the Onam festival season. The trains will operate for four trips in both directions and will have a coach composition of sixteen 3-Tier AC Economy coaches. These special trains will benefit thousands of passengers and will stop at important stations.
Southern Railway has announced two special train services connecting Gujarat, Tamil Nadu, and Maharashtra, including Valsad-Velankanni and Velankanni-Dahanu Road trains. These trains will improve connectivity and provide an additional rail link to Velankanni, a popular pilgrimage destination. The trains will also benefit pilgrims, tourists, and regular passengers by offering more travel options.
HCLTech is set to announce its Q1FY27 results with muted expectations due to subdued demand, AI-led pricing pressure, and West Asia conflict. Analysts expect the company to maintain its revenue and EBIT margin guidance, with a 0.6% QoQ decline in revenue and 2.9% YoY growth. The services business is expected to decline while the products business is expected to grow.
Motilal Oswal maintains 'Buy' rating on Grasim Industries with a target price of Rs 3,770, citing the company's strong VSF segment, efficient chemical division, expanding paint business, and other factors. The VSF segment is expected to see steady growth due to global consumption trends, while the chemical segment is projected to improve profitability through integration and efficiency.
A tragic fire at a popular bar in Bangkok has claimed the lives of at least 27 people, with 63 others injured and 22 in critical condition. The bar, named Rong Beer Na Lat Phrao, is located in the Chatuchak district. Videos of the fire show people panicking and running for their lives, while search and rescue efforts continue.
The rise in memory chip prices has resulted in higher smartphone prices, leading consumers to opt for refurbished devices. Counterpoint Research forecasts a 12% rise in India's refurbished smartphone market, while new smartphone shipments are expected to decrease.
The Kia Carens Clavis EV is a seven-seater electric SUV with 42 kWh and 51.4 kWh battery options, ideal for families. However, it has problems with seating and body roll. Its range of 350-370 km makes it great for short trips, but not longer ones. Top models lack wireless Android Auto and Apple CarPlay, and prices start at Rs 18.
Renault and Nissan have released their new midsize SUVs, the Duster and Tekton, with comparable engines and features but distinct market strategies and powertrain choices. These SUVs offer advanced technology and begin at a competitive price of Rs 10.49 lakh. The Duster has a hybrid option, while the Tekton emphasizes a completely turbocharged engine lineup.
New research shows that foreign universities in India are financially feasible, with lower tuition fees compared to studying abroad. However, selecting the right branch campus is challenging. DrEducation Research has developed UniGrid to assist students and policymakers in making informed decisions.
IIM Kozhikode's record-breaking 66% female enrolment for its flagship PGP program of 2026-28 shattered a glass ceiling for the entire IIM system. However, a report reveals that the overall campus average is 62.9% women. The PGP-LSM track has 82.4% women while the specialized Finance program remains heavily male-dominated.
India and Canada have successfully advanced in talks for the Comprehensive Economic Partnership Agreement, aiming to finalize the deal by 2026. The agreement is projected to increase bilateral trade to $50 billion by 2030. Key topics such as trade in goods and services, intellectual property, and technical barriers were discussed.
The Railway Ministry plans to use a public-private partnership model to implement the East-West dedicated freight corridor, a 2,100 km project requiring over Rs 1 lakh crore investments. The project will be divided into smaller sections and use a hybrid annuity model, with multiple sections being awarded simultaneously to reduce delays and ensure quality work.
Indian investors are flocking to foreign assets, specifically US stocks and ETFs, through GIFT City. Trading on the GAP platform has increased by 80% due to proprietary traders and retail investors. Regulatory changes and high returns from US AI and technology stocks are driving this trend. ETFs are the preferred choice for overseas investments, with potential for more policy support.
The Karnataka State Handbook on Youth Opportunity reveals that 23% of the state's youth are not employed or studying, with major gender disparities. Released by the Future of India Foundation, the report calls for equal opportunities for young people beyond Bengaluru.
Indian-origin billionaire Vinod Khosla and his family are buying the Seattle Seahawks for a record-breaking $9.6 billion, making it the most expensive NFL sale ever. Pending NFL approval, the Khoslas will become the team's new controlling owners, replacing the estate of Microsoft co-founder Paul Allen.
Senator Lindsey Graham, a close supporter of President Trump, has died at 71 from a sudden illness. Before his passing, he introduced a bill for Russian sanctions and met with Ukrainian President Zelenskyy to address their air defense needs. Graham also believed involving China in peace talks and cutting off Russian military funding could bring an end to the war in Ukraine.
IMD forecasts heavy rainfall in parts of India, warns of thunderstorms, gusty winds and lightning. Coastal Andhra Pradesh braces for heatwave return. Uttarakhand and Himachal Pradesh face landslides, fatalities and massive disruptions. Monsoon deficit narrows, but Kharif sowing lags.
A deadly aviation crisis in the Bahamas during their independence celebration, involving a fatal plane crash and a runway fire, has resulted in the suspension of Flamingo Air's license. The crash claimed ten lives, including members of a popular band, and another Flamingo Air plane caught fire on the same day. Investigations are underway, and the airline has pledged to assist authorities.
West Bengal Chief Minister Suvendu Adhikari laid the foundation stone for a Rs 600-crore garment manufacturing hub in Dankuni, Hooghly district. The facility will span 20 lakh square feet and add an annual production capacity of 20 crore garments, generating 3,000 direct and 6,000 indirect jobs.
The US launched military strikes on Iran after an Iranian attack on a commercial ship in the Strait of Hormuz. Defence Secretary Pete Hegseth warned against Tehran and mediators tried to revive peace talks. This was the third strike this week and raised doubts about the previously signed memorandum of understanding. Iran declared the Strait of Hormuz closed.
Indian and Indonesian cuisine both value fire and charcoal cooking, with dishes like satay and rendang influenced by the Chola Empire's ties to Indonesia. Charcoal adds tradition and character to food, and while precision and instinct are crucial, honoring local culture is essential for balance.
Swimwear in India has evolved from a utilitarian purchase to a year-round fashion category. The market is expected to nearly double by 2034, driven by the growing demand for versatile pieces that work for both leisure and fitness activities. The pandemic has also fueled the growth, with a shift towards wellness and travel.
India and New Zealand have joined forces to increase bilateral trade to Rs 35,000 crore by 2030 through a strategic partnership. The implementation of a Free Trade Agreement will open up new opportunities in market access, investment, and skilled mobility.
India's passenger vehicle exports have reached an all-time high of Rs 79,967.35 crore in FY26, with top markets being South Africa, Saudi Arabia, Mexico, and Japan. This 30.59% growth in export value is six times that of India's total commodity exports, driven by the export of high-value electric cars like the Suzuki eVitara.
A humped neck can be caused by lifestyle and medical factors like poor posture, aging, obesity, and hormonal conditions. While exercise and posture correction can help, it may not completely reverse it if caused by structural changes. Women are more prone to it due to menopause and osteoporosis, leading to pain and reduced flexibility.
Electrolyte supplements are gaining popularity, but a balanced diet and enough fluids are usually enough to maintain electrolyte balance. Overconsumption can be harmful, especially for those with health issues. The market is growing, but labeling, regulation, and education are needed. Consult a healthcare professional before using them.
India's 1.5 billion population's obsession with the FIFA World Cup is driven by FOMO, despite the country's inability to qualify. The focus on international stars like Messi and Ronaldo overshadows the neglect of the Indian team and domestic league. As their chances for qualifying are slim, India's priorities lie elsewhere, resulting in a low FIFA ranking.
Vessel transits through the Strait of Hormuz have decreased for four days in a row, hitting a low of 34 on July 9. Inbound traffic has improved, particularly for LNG carriers. However, security and navigation issues remain a concern, with one-third of crossings in the dark and US President Trump warning of a possible blockade on Iranian ports and vessels.
Christopher Nolan's adaptation of The Odyssey brings the ancient Greek epic to life on the big screen, but the real adventure lies in retracing the journey yourself. From Troy to Ithaca, Tunisia to Sicily, and even Scotland and Iceland, travellers can explore the real locations tied to the legend. With a stunning backdrop and delicious cuisine, this is a trip that shouldn't be missed.
"Experience a night of poetry, music, and storytelling with actor Piyush Mishra and his band Ballimaaraan at Shanmukhananda Hall, Mumbai on July 12. Actor Ashish Vidyarthi will also captivate audiences with his live storytelling performance, Kahanibaaz, at Bhavan's Cultural Academy and Centre for Arts, Ahmedabad on July 17.
Seaweed is gaining popularity in the culinary world as chefs experiment with its unique flavor and versatility. It is being incorporated into dishes like ponkh bhel and pani puri, as well as cocktails. This umami-rich ingredient is becoming a staple in fine-dining menus and is also being used in home kitchens for salads, flatbreads, and seasoning blends.
Europe is facing a paradox as its heatwave reveals the continent's struggle to cope with scorching summers despite being built for harsh winters. Spain, Portugal, Italy, Greece, France, and Balkan countries are heavily affected, with heatwaves becoming more frequent and disrupting daily life.
Contemporary homes now showcase statement pieces that are both functional and artistic, like bookshelves that also provide ambient lighting. These luxury furniture pieces are in demand for their originality, craftsmanship, and versatility, using unique materials like stone and hand-dyed fabrics.
Antony Beevor's "Rasputin: And the Downfall of the Romanovs" delves into the life of Grigori Rasputin, a Siberian peasant who played a crucial role in the fall of the Russian empire. Through detailed research, Beevor shows how Rasputin's influence and manipulation of the ruling dynasty ultimately led to their downfall.
India is experiencing a shift towards self-investment, with people focusing on communication, appearance, fitness, mental health, and food. This has led to a growing market for coaching, styling, and skilling services, driven by social media, lifestyle learning, and a focus on foundations.
BJP leader Narottam Mishra's supporters caused chaos on National Highway-44, protesting his exclusion from the Datia assembly by-poll. The demonstration turned violent, disrupting traffic in four districts. Mishra appealed for calm and the administration tried to resolve the situation.
Microsoft is facing criticism and racist attacks towards its Indian-origin CEO, Asha Sharma, and Xbox division. The company's layoff plans received backlash and calls to end the H-1B visa program, with reports of visa applications filed by tech giants. Sharma was selected for a Federal Reserve task force, but faced hateful comments. Microsoft has denied replacing employees with foreign workers.
President Trump has warned of a potential military strike against Iran as threats against his life increase. Israel has shared intelligence about Iran's plans to eliminate Trump. Despite a recent ceasefire, tensions between the two countries have resumed. Iran has accused the US of violating their previous agreement.
India and New Zealand have upgraded their relationship to a strategic partnership, with a goal to increase bilateral trade to NZD 7 billion by 2030 and a NZD 20 billion investment in India. They have also pledged to enhance cooperation on defense, counter-terrorism, and maritime security, as well as address concerns such as supply chain resilience, energy security, and the Pacific Islands.
Odisha government has given Rs 20,648 crore to 1 crore women under Subhadra Yojana in 4 instalments in 2 years. 5th tranche of Rs 5,000 will be released on Raksha Bandhan. Pravati Parida urges officials to complete field verification by July 25 for the scheme to be successful in empowering women.
A Ryanair plane traveling from Greece to Germany experienced an uncontained engine failure, causing severe damage and a chaotic scene as a piece of the engine broke off and injured a passenger. This rare incident brought back memories of a similar tragedy in 2018, but the 61-year-old Serbian man was saved.
Defence Minister issues a stern warning to the Indian Navy, stressing the importance of being prepared and technologically advanced to counter evolving threats in the Indian Ocean Region. He highlights the need to anticipate and neutralise hybrid forms of warfare, such as piracy and cyber attacks, while emphasizing the strategic significance of the IOR for India's economic growth.
Apple has filed a lawsuit against OpenAI and two former employees for stealing trade secrets. Tensions between the two companies have risen after OpenAI announced plans to enter the hardware industry and acquired Jony Ive's startup. OpenAI denies the allegations, but Apple claims that over 400 former employees now work for them.
Tamil Nadu government signs MoU with Vikram Solar to boost clean energy goals, with a massive investment of Rs 15,037 crore at SIPCOT Gangaikondan Industrial Park. The project is expected to create 2,670 jobs and strengthen the local supply chain. The state is committed to expediting clearances, land allotments, and utility connectivity to support the initiative.