Moody's Analytics predicts India will remain the fastest-growing major economy in 2026 and 2027, but its pace will moderate due to a global slowdown, geopolitical risks, and financial market volatility, despite the boost from AI demand.
India's public sector banks (PSBs) have seen their net profit nearly treble over the past five years, reaching a record Rs 1.98 trillion in FY26, driven by significant improvements in asset quality and sustained lending growth across key economic sectors.
ITC reported a 16.2 per cent year-on-year drop in consolidated net profit to 4,394.13 crore in Q1 FY27, primarily due to a significant increase in taxes on its cigarette business. Consolidated net revenues also declined by 11.1 per cent to 19,114 crore, missing analyst estimates.
Lodha Developers plans to generate approximately 10,000 crore in sales over the next three to four years by monetising about 150 acres of land at its data centre park in Palava, part of the Mumbai metropolitan region (MMR). This strategy is a planned recurring pillar of their business, funding the build-out of 1 gigawatt of powered shell capacity and aiming for over 2,000 crore in annual rental income by FY32.
'Travellers are considering safer and more stable destinations.'
Indian shuttler Ashmita Chaliha has advanced to her maiden BWF World Tour singles final at the Korea Masters Super 300, defeating compatriot Rakshitha Ramraj. Chaliha, returning from injury, will now face China's Han Qianxi for the title, marking a significant achievement for Indian badminton.
Indian shuttler Ashmita Chaliha defeated compatriot Rakshitha Sree Santhosh Ramraj to reach her first-ever BWF World Tour final at the Korea Masters Super 300. Chaliha, returning from a knee injury, continued her impressive run, having previously upset the top seed.
As New Delhi prepares to host the BWF World Championships from August 17-23, 2026, five young talents - Ayush Shetty, Unnati Hooda, Alwi Farhan, Tomoka Miyazaki, and Kalyana Nalbantova - are identified as potential breakout stars capable of challenging the sport's biggest names and redefining their careers.
The Reserve Bank of India has marginally increased its GDP forecast for the current fiscal to 6.7 per cent while slightly lowering the inflation projection to 5 per cent. The central bank noted that while domestic economic activity shows resilience, global turbulence, particularly re-escalating conflicts and volatile oil prices, continues to pose risks to the inflation outlook.
The Indian junior women's hockey team concluded a seven-match exposure tour of the UK, securing three wins and four losses against various international teams. This tour served as crucial preparation for the upcoming Under-21 Asia Cup in China, providing valuable experience and insights into areas for improvement.
'Applying AI to change the lives of Indians and at population scale -- just like we did with DPI [digital public infrastructure] -- is really where it's going to go.'
Indian benchmark indices, Sensex and Nifty, saw early gains driven by lower crude oil prices and buying in Reliance Industries, even as the Reserve Bank of India maintained its benchmark policy rate for the fourth consecutive meeting, reinforcing confidence in the domestic economy.
The move comes amid growing demand from organisations in India for local access to Claude.
India defeated Macau 8-1 in the U-18 Ice Hockey Asia Cup, with captain Gurtej Singh Bhatti scoring four goals in Bishkek, Kyrgyzstan.
Young Indian shuttler Ayush Shetty is actively working to transform his 'natural laid-back approach' into a more aggressive playing style as he prepares for his World Championship debut, where he faces current world No. 1 Shi Yuqi of China in his opening match.
FIFA's proposal to create a $20 billion subsidiary for the World Cup highlights the intricate balance of power in global football, where the governing body's authority is often challenged by the significant commercial strength of UEFA, particularly in Europe.
VinFast has gone from an unknown brand to India's fifth-largest EV carmaker in just seven months, but its toughest battle is only beginning.
Mumbai's Kiaan Shah, representing Rayo Racing, achieved his best international karting result with a second-place finish in round 2 of the RMC Asia Trophy in Pattaya, Thailand.
The CBI has raided multiple locations across India, arresting one person in Lucknow, as part of an investigation into the trafficking of Indian nationals to Southeast Asian countries for forced cyber fraud operations.
Thousands of mourners gathered at Tehran's Imam Khomeini Grand Mosalla on July 4, 2026 for a farewell ceremony honouring Iran's late supreme leader Ayatollah Ali Khamenei. Khamenei was killed on February 28 in Israeli and US airstrikes. Grieving crowds carried his portrait and expressed raw emotion as Iran continues its multi-day state funeral proceedings for the slain leader.
The escalating crisis in West Asia and its impact on the global energy supply chain are expected to dominate deliberations at a two-day meeting of BRICS foreign ministers to be hosted by India.
India's foreign exchange reserves increased by USD 6.118 billion, reaching USD 682.354 billion for the week ending July 24, according to the Reserve Bank of India.
"There is a sharp jump that we have seen in bookings of EVs... The jump, at least in our case, in just two months, it is about 2 to 2.5 times of what it used to be"
India's fresh investment plans in Q1FY27 surged 71 per cent to 14.77 trillion, primarily driven by four large nuclear power projects worth 6.5 trillion, according to investment monitoring firm Projects Today. Excluding these nuclear projects, fresh investment plans actually declined 4.27 per cent quarter-on-quarter.
State-owned refiners Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have reported substantial losses for the first quarter of financial year 2026-27 (Q1FY27), primarily driven by a sharp increase in crude oil prices exacerbated by the ongoing West Asia crisis and suppressed marketing margins on petroleum products.
The Directorate General of Maritime Administration (DGMA) has instructed shipping companies to avoid deploying Indian sailors on vessels transiting the Strait of Hormuz due to the ongoing West Asia crisis, following recent attacks on two vessels carrying Indian seafarers.
The Horticulture Department conducts a site visit at the Bamboo development project at Thingthelh.
For India, the guiding principle should remain clear: Engage Bangladesh as a sovereign nation and society rather than through the prism of any individual leader or political party, suggests Manoj Mohanka.
State-run Oil and Natural Gas Corporation (ONGC) Ltd reported a 112 per cent year-on-year increase in standalone net profit for Q1 FY27, reaching 17,034 crore, primarily due to higher crude oil prices and increased realisations from new well gas. Despite a consolidated net profit decline due to HPCL's losses, ONGC's core upstream business showed robust growth.
FPIs have already withdrawn Rs 2.6 trillion from Indian equities in 2026, exceeding the outflows recorded in any previous full calendar year.
Indian stock market indices closed on a mixed note, with the Sensex gaining 374 points driven by buying in Reliance Industries and ICICI Bank, while the Nifty remained flat. This divergence is attributed to a new Closing Auction Session (CAS) mechanism introduced by stock exchanges, impacting market liquidity and price discovery.
Indian pharmaceutical companies are not rushing to relocate manufacturing to the United States despite former President Donald Trump's renewed threat of tariffs up to 200 per cent on imported generic drugs. Instead, they are leveraging existing US plants, contract manufacturers, and making selective investments in complex products while maintaining India as their primary production hub.
'Rather than deploying all their money at once, investors should invest gradually.' 'A staggered approach is the better strategy because volatility is likely to persist.'
Indian benchmark indices Sensex and Nifty saw gains in early trade, driven by a decline in crude oil prices due to easing geopolitical tensions in West Asia and strong buying interest in the IT sector.
India T20 vice-captain Tilak Varma stated that his batting approach is dictated by conditions and match situations, especially after the team's struggles with early wickets in the UK and Ireland. He emphasised the responsibility of playing for the country and adapting to overseas conditions after extensive play in Asia.
Prime Minister Narendra Modi and US Secretary of State Marco Rubio discussed various aspects of India-US bilateral ties, focusing on defence, trade, energy, and technology. Rubio extended an invitation from President Donald Trump for PM Modi to visit the US.
The Asian Tour, DP World Tour, and PGA TOUR have announced a significant partnership extending until at least 2029. This alliance aims to enhance commercial and playing opportunities, establish pathways for Asian Tour members, and will see the DP World Tour co-sanctioning events with the Asian Tour again, marking a new era for professional golf globally and a potential setback for LIV Golf.
TVS Motor Company reported a significant 56.8 per cent year-on-year increase in net profit to 1,036 crore in Q1FY27, driven by record sales volumes, an improved product mix, and robust demand in both domestic and international markets, with management anticipating continued double-digit industry growth.
ICICI Bank has successfully raised $1 billion through a five-year senior unsecured US dollar bond, marking its first public dollar bond issuance since 2017 and the largest single-tranche US dollar bond issuance by an Indian issuer so far this year.
The global players' union, FIFPRO, has strongly criticised FIFA President Gianni Infantino, accusing him of 'profound abuse of presidential power' following the secretive development and subsequent shelving of the 'FIFA Forward Enterprise' plan, which aimed to privatise the FIFA World Cup.
