Navy Secretary John Phelan has been removed from his post after months of clashes with senior Pentagon officials and disagreements over the future of the Navy’s shipbuilding plans.
David Dhawan's final film, Hai Jawani Toh Ishq Hona Hai, received mixed reviews and a slow start at the box office. However, it managed to earn Rs 23.75 crore in India and Rs 37.30 crore worldwide in its first three days. Despite this, it became the third-highest-grossing romantic release of 2026. Its performance in the future will be closely watched.
The Scary Movie franchise has made a triumphant return with its sixth film, produced by Miramax and distributed by Paramount Pictures. The film has shattered franchise records with a global opening weekend of $105.5 million, thanks in part to the reunion of the original core team. Fans are loving the return of Anna Faris and Regina Hall, with 88% of viewers giving the film high ratings.
A blast at the Visakhapatnam Steel Plant in Andhra Pradesh killed eight workers and injured many others. The explosion occurred at the heat facility, causing a fire and panic among workers. The Chief Minister has ordered an inquiry and the former Chief Minister has demanded action. The blast involved molten steel at 1,600 degrees Celsius, causing severe burn injuries.
Piyush Goyal criticizes Congress-led government for negotiating RCEP, world's largest free trade agreement. India withdrew due to concerns over trade imbalances, imports, and domestic industry protection. Goyal clarifies India open to Chinese investments but has implemented investment screening rules to prevent opportunistic takeovers during economic stress.
Delhi to add 2,800 low-floor electric buses under PM E-DRIVE scheme to improve public transport and last-mile connectivity. Government plans to increase total public bus fleet to 14,000 by 2028-29 and promote electric vehicle adoption. This will also aid in developing charging infrastructure in major cities, with Delhi's experience serving as a valuable example.
Passenger vehicle retail sales in India saw a surprising surge of 23.25% in May, despite challenges such as fuel-price hikes and geopolitical tensions. The growth was mainly driven by rural demand, with a 30% increase in sales. There was also a notable shift towards alternative fuel technologies, with EV penetration reaching 11% for the first time.
Indian Railways plans to introduce a new bullet train corridor between Delhi and Siliguri, reducing travel time from 20 hours to 6 hours. The route will pass through major cities like Lucknow, Varanasi, and Patna, improving rail connectivity across northern and eastern states. Other high-speed rail corridors, including Delhi-Varanasi and Mumbai-Ahmedabad, are also in the works.
24 opposition parties convened in New Delhi for a crucial INDIA bloc meeting, but the absence of TVK sparked discussions. The focus was on parties with MPs, with Congress clarifying that those without representation were not invited. TVK's exclusion highlights Congress's priorities in Tamil Nadu and the complexities within the opposition camp after its split with DMK.
What started as a funny online experiment has now turned into a full-blown career for Johnny Hilbrant and his alter ego, “PE Guy”: a parody of private equity culture, where he mimics the tone, lifestyle, and mindset of finance professionals, often poking fun at how seriously they take themselves.
Western Railway has extended the trips of two special train services, Udhna–Madhubani and Udhna–Jhanjharpur, to accommodate the increasing travel demand and provide convenience to passengers. The trains will continue to operate on special fares and will stop at various important stations between Gujarat and Bihar. Booking for the extended trips is now open.
Sukhendu Sekhar Roy, a veteran politician and three-time Rajya Sabha MP, has resigned from the Trinamool Congress and his Rajya Sabha membership. In his resignation letter, he cited the party's failures in governance, corruption, and crimes against women. This move is seen as a major setback for the Trinamool leadership amidst growing turmoil within the party after the West Bengal elections.
Nomura reiterates 'Buy' rating for TCS and Wipro, citing growth potential in AI and other tech services. TCS sees AI as a source of new revenue, while Wipro positions itself for increased adoption by enterprises. However, both face challenges like economic uncertainty and competition. Investors should also consider factors like salary hikes, margin pressure, demand, and geopolitical tensions.
Private jet crash at La Romana airport kills two crew members. Videos of the incident have flooded social media, showing the jet skidding off the runway and exploding into flames. The Dominican Civil Aviation Institute confirmed the crash and stated that the jet was attempting an emergency landing. The cause of the crash is still under investigation.
Donald Trump stormed out of a pre-recorded interview with NBC's Kristen Welker, calling her and the network "crooked" and "fake news." He maintained his allegations of election fraud and slammed mainstream media for being biased against him. Welker defended herself and the NBC team. Trump later explained his outburst was due to the weather and NBC's false reporting.
A 17-year-old British student who investigated an alleged Russian-backed cryptocurrency network has been sanctioned by Russia after publishing a report on the operation.
Western Railway announces special weekly train between Agra Cantt and Ahmedabad to meet rising passenger demand. The train will provide direct connectivity to key cities and towns in Gujarat, Rajasthan, and Uttar Pradesh. It will also benefit travelers going to popular destinations like Udaipur, Sawai Madhopur, and Agra.
India's telecom sector is predicted to experience moderate growth in the second quarter of FY27, driven by a potential tariff hike. Motilal Oswal recommends Bharti Airtel, Bharti Hexacom, and Reliance Industries as top picks due to their advantageous positions for future tariff increases, increasing data consumption, and better subscriber quality. Another tariff hike is also a possibility.
South Korean stock market saw a dramatic start to the week as the benchmark KOSPI index plunged more than 8% in early trade, triggering a temporary halt to trading through a circuit breaker mechanism. The sharp fall, driven by concerns over technology stocks, interest rates, and geopolitical tension, highlighted the market's volatility.
The Adani Group witnessed a major block deal as GQG Partners sold a significant stake in Adani Enterprises and Adani Energy Solutions, which was bought entirely by SBI Mutual Fund. The total deal price amounted to Rs 4,789.62 crore. GQG Partners, a global investment firm led by Chief Investment Officer Rajiv Jain, had initially invested Rs 15,446 crore in four Adani companies.
A 7.8 magnitude earthquake struck the southern Philippines, causing widespread damage and chaos. Videos and images of collapsed buildings and infrastructure have emerged on social media. The Philippine Red Cross is on high alert, assessing damage and coordinating relief efforts. A beloved fast-food chain, Jollibee, suffered severe damage. The earthquake also caused multiple aftershocks.
CLSA maintains ‘Outperform’ rating on Bharti Airtel with a 12-month target price of Rs 2,310, implying a 26.6% upside. Airtel Money IPO is scheduled for the second half of 2026, expected to raise $1.5-2 billion with a potential valuation of $10 billion. Airtel Money business has shown robust financial growth and profitability, contributing 20% to the region and 25% to Bharti Airtel.
US President Donald Trump has asked Israeli Prime Minister Benjamin Netanyahu not to retaliate against Iran's recent missile attack, according to Axios, citing a senior US official and an Israeli source familiar with the conversation.
iBall's Cinebar 560 is a 5.1-channel home theatre system that offers an immersive cinema-like experience at an affordable price of ₹19,999. It boasts 800W RMS output and includes a soundbar, wireless subwoofer, and rear satellite speakers for genuine surround sound. With Bluetooth 5.3, HDMI ARC, and other connectivity options, it is easy to set up and use.
The OnePlus Nord CE6 sets itself apart in the competitive smartphone market by focusing on a powerful 8,000mAh battery for extended use. Along with a 6.78-inch AMOLED display, Snapdragon 7s Gen 4 processor, and impressive camera, the device also offers a user-friendly OxygenOS interface. Its emphasis on battery life makes it a standout choice for daily use.
AI has the potential to transform businesses and increase productivity, but measuring its value is challenging. Only 8% of companies can fully measure and allocate AI costs, while benefits are often indirect. CFOs must create clear objectives and measurement mechanisms for AI investments, while also considering data privacy, cybersecurity, and integration.
India's digital agriculture revolution is facing a language barrier, but AI tools like Bhashini are breaking it down. Farmers can now receive expert advice in their native languages, improving crop management and animal health. This technology is also creating a common language layer, making public services more accessible.
The Indian government has passed an Ordinance exempting foreign investors from paying taxes on interest income and capital gains from government securities. This is expected to attract more global fixed-income investors and make India a competitive investment destination. However, there are some limitations, such as the loss of the ability to set off capital losses.
India's CSR-led skilling ecosystem is facing a paradox as companies have invested billions in short-term, ineffective classroom-based programs. A report shows that 95% of employers agree that classrooms alone do not create job-ready talent. However, there is a shift towards long-term, work-linked pathways for better employability outcomes.
The rise of AI in workplaces has led to a new cybersecurity threat called Shadow AI, where employees use public platforms without company knowledge. This could lead to security incidents for 40% of enterprises by 2030. Startups are developing tools to monitor and secure AI usage, making Shadow AI management a top priority for businesses.
State governments began the fiscal year 2026-27 with caution, seeing a decrease in capital expenditure and moderate growth in revenue expenditure. Tax revenues increased by 20.3%, providing some relief. However, borrowings and liabilities decreased significantly, showing a dependence on improved revenue collections.
LIC, a major investor in Indian equity market, has seen a rise in holdings in NSE-listed companies. However, its stock has decreased 8.6% due to competition in the life insurance sector and shift to non-participating products. Analysts are positive about LIC's future despite this, mentioning its long-term potential.
Anurag Kashyap's crime drama Bandar, starring Bobby Deol, has faced challenges at the box office with low numbers despite a 90% jump on its second day. Released by Zee Studios on June 5, 2026, the film's pre-release turmoil and competition from new releases have affected its commercial success.
Despite below-normal monsoon rains, retail prices of major agricultural commodities have remained stable. However, edible oil prices have increased due to global factors. The summer season has led to a rise in vegetable prices, but overall, the food basket remains stable with cereals, milk, pulses, and sugar maintaining stable prices.
The global production of Sustainable Aviation Fuel (SAF) falls short of airlines' demand, resulting in a costly and restricted market. According to IATA, SAF will only make up 0.8% of aviation fuel use by 2026, posing a challenge to achieve net-zero emissions by 2050.
The price of domestic LPG cylinder in Delhi has risen by ₹29 due to disruptions in West Asia and a rise in global prices. The government is providing subsidies to offset the cost, ensuring uninterrupted supply and continued subsidies for Ujjwala beneficiaries. This brings the total increase since March to ₹89 per cylinder.
India's electricity demand is becoming more unpredictable due to factors like a hotter climate, increased air-conditioner usage, urbanization, and industrial growth. As a result, power exchanges are playing a crucial role in meeting sudden surges in demand.
When Mangalyaan reached Mars in 2014, it wasn't just the images from space that went viral — it was the photographs from ISRO's mission control, where women scientists in colourful sarees celebrated a historic first. Now, one of those sarees has found a permanent home in the Smithsonian National Air and Space Museum in Washington, D.C.
Delhi's Indira Gandhi International Airport (IGIA) experienced a notable rise in transfer passenger traffic in May 2026, with 27% of its total traffic being connecting flights. This solidifies its position as India's largest aviation hub, driven by domestic connections.
The Centre and RBI's efforts to attract foreign capital inflows are expected to ease pressure on the rupee, but geopolitical uncertainty may prevent a significant increase in value. Analysts predict the rupee to remain within a range of 94-96 against the dollar, with its movement dependent on geopolitical developments and inflows.
Neelkanth Mishra, the new Executive Director at the World Bank, believes that India's strong structural strengths and favorable sectoral indicators will help mitigate the impact of rising crude prices on its growth. He also cites on-the-ground indicators like car sales, mall footfalls, and cement demand to support his argument.
Telangana CM's admission of taking inspiration from Hitler for HYDRAA agency's name has caused a political uproar and raised worries among property developers, investors, and businesses. HYDRAA, a statutory agency, handles natural disasters, public asset protection, and urban regulations. Despite CM's support, the controversy remains.
Elon Musk's SpaceX is going public on June 12 with an IPO price of $135 per share, hoping to raise $75 billion and value the company at $1.77 trillion. Despite his college roommate's intervention, Musk stayed determined to reduce space transportation costs and colonize Mars. He holds 85.1% of the voting power in the company.
Chief Economist Manoranjan Sharma warns that the West Asia conflict has caused international crude prices to rise, putting pressure on Indian household budgets. Despite government efforts, domestic fuel prices are expected to increase due to the sharp escalation in global oil prices.
Singapore's Ministry of Home Affairs has ordered social media platforms to block anti-India posts targeting the Indian diaspora community. The posts, originating from a China-based platform, undermine the country's multiculturalism and create tension between different racial groups. The majority of Singapore's population is Chinese, followed by Malay and Indian descent.
Chef Vishnu Manohar marked World Poha Day by cooking up 3,000 kg of 'tarri poha' in Nagpur, promoting it as a symbol of central India's culinary heritage and drawing attention to its health benefits. The event showcased various versions of poha, emphasizing its cultural importance as a beloved comfort food.
The Ministry of Petroleum and Natural Gas justifies the rise in domestic cooking-gas prices, stating that Indian households still have some of the lowest rates globally. They credit the price modulation and PMUY subsidy, with beneficiaries paying only Rs 642 for a 14.2 kg cylinder. The government has also absorbed a significant portion of international costs and ensured steady supplies.
Sriram Krishnan, Indian-American tech executive and venture capitalist, is leaving his role as Senior White House Policy Advisor on Artificial Intelligence for President Trump. He played a key role in the administration's AI Action Plan and will step down at the end of June. His departure adds to the list of notable exits from the Trump administration.
Nearly 78% of Indian travellers are interested in ‘noctourism’ or travel experiences centered around the night sky and after-dark activities. Astrotourism is rapidly growing in India, with destinations like the Himalayas, deserts, and forests becoming popular for stargazing and astronomy-related activities.
Green car technologies are on the rise in India, with BYD and Mercedes-Benz launching PHEVs to address range anxiety and reliance on public charging stations. Maruti Suzuki and Toyota are also developing localized range extenders. PHEVs have a high 40% GST, but carmakers are finding ways to make them more affordable.
Golf leagues in India have revolutionized the sport, making it more interactive and inclusive. With regular practice, coaches and caddies are also benefiting, while clubs are thriving. Leagues have brought back the sense of community, making golf more than just a game. Despite initial doubts, they have successfully made golf appealing to a wider audience and sparked discussions.