The outgoing Army Chief was accorded ceremonial honours and paid tribute at the National War Memorial.
The technology services sector in India will continue to remain relevant to global enterprises transformation in the artificial intelligence (AI) era, the Nasscom US CEO Forum said, even though there will be changes in how services are delivered and scaled up. Chief executive officers of Indian technology companies, who attended the discussion, also said AI will expand the addressable market opportunity across enterprise modernisation, data, AI governance and intelligent operations.
India's services sector growth experienced a significant slowdown in June, reaching a 17-month low due to challenging market conditions and reduced domestic client interest, as indicated by the HSBC India Services PMI Business Activity Index.
Former Indian Army Chief General Vishwa Nath Sharma, who led the Army from 1988 to 1990 and was a veteran of the 1965 Indo-Pak War, has passed away at the age of 96. He was a highly decorated officer, receiving the AVSM and PVSM, and came from a distinguished military family, being the younger brother of India's first PVC awardee, Major Som Nath Sharma.
Senior Shri Ram Janmabhoomi Teerth Kshetra Trust functionary Champat Rai has reportedly resigned, stating his "service in Ayodhya is complete" due to the donation embezzlement controversy. He feels "betrayed," and his future, along with that of Trust member Anil Mishra, will be decided at a July 6 meeting. The controversy began with allegations from Samajwadi Party chief Akhilesh Yadav, leading to an SIT investigation, arrests, and Rai's resignation offer.
The Lok Sabha has passed a Bill to amend the Payment and Settlement Systems Act, 2007, authorising the government to permit banks and service providers to levy charges on UPI and other electronic payment modes. This move aims to create a sustainable revenue model for the digital payments ecosystem, shifting from the current exemption of UPI transactions from such charges.
Former Jharkhand Public Service Commission (JPSC) chairperson L Khiangte has been arrested by the state CID in connection with alleged irregularities in recruitment examinations. His arrest follows the resignation of all three JPSC members amidst widespread protests over the exam irregularities. Khiangte, an ex-IAS officer, had resigned from his post in July.
Microsoft has announced the activation of its latest data centre in Hyderabad, significantly expanding its Cloud infrastructure in India and enabling organisations to leverage AI-era services with enhanced local choice and security.
A think tank, GTRI, has urged India to resist US pressure regarding its UPI policies, advocating for competition, policy autonomy, and a sustainable payments ecosystem. This comes as the Lok Sabha passed a bill allowing charges on UPI, and the US has criticised India's digital payment systems, raising concerns about the future of India's digital payment landscape.
Fitch Ratings has affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, acknowledging robust growth prospects and strong external finances. However, the agency highlighted concerns over elevated government debt, lagging structural metrics, and potential fiscal spending pressures due to rising youth unemployment.
A think tank, GTRI, has urged India to resist US pressure regarding its UPI policies, advocating for the defence of competition, policy autonomy, and the long-term sustainability of its payments ecosystem. This comes as the Lok Sabha passed a bill allowing charges on UPI transactions, a move GTRI suggests should not be influenced by foreign trade complaints.
'Having analysed the break up of the hospital billing structure the committee believes that rationalising of room charges needs to be done on an emergent basis.'
Indian companies, including NBFCs, filed proposals with the RBI to raise $6.08 billion through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in June, marking a significant increase from the previous month.
Insurers are bracing for claims worth nearly 5,000 crore from the recent floods in Gujarat, predominantly for property losses, though they do not foresee an increase in premiums within the competitive property insurance market.
An Android mobile phone was seized from former MP Prajwal Revanna's barrack during a CCB raid at Bengaluru's Parappana Agrahara Central Prison. An Assistant Superintendent has been suspended, and an inquiry is underway.
The Supreme Court is reviewing a Public Interest Litigation challenging Jantar Mantar's suitability as a protest site in New Delhi, citing inconvenience to local residents and disruption of essential services. The court has issued notices to the Centre and other parties to address concerns about access and movement in the area.
The World Bank's "World Development Report 2026" urges developing countries to adopt low-cost AI tools to accelerate progress in healthcare, education, and judicial services. The report highlights AI's potential to boost productivity and improve public services, while noting that jobs in high-income countries are more at risk from automation than those in developing nations.
Don't judge an expensive gadget only by its EMI cost; also consider how many years it will remain useful after you've finished paying for it.
A Parliamentary Standing Committee on Commerce has urged the Indian government to swiftly conclude the proposed India-US Bilateral Trade Agreement (BTA), while ensuring India's interests are protected, recommending complete exemption for key export products like generic medicines and smartphones from future US tariff increases.
Lieutenant General Syed Aamir Raza's loyalty to Field Marshal Asim Munir during the turbulent times appears to have stood him in good stead, points out Rana Banerji, who headed the Pakistan desk at R&AW.
Microsoft has launched its fourth cloud region in India, located in Hyderabad, significantly expanding its hyperscale cloud presence. This move is part of a USD 20.5-billion investment in India's digital and AI infrastructure, aiming to support the country's rapid digital growth and meet increasing demand from major enterprises.
US President Donald Trump has publicly backed FIFA President Gianni Infantino, stating that replacing him would be a 'terrible mistake' and that the sport would 'never be as successful or profitable' without him, despite Infantino facing significant backlash and a battle to retain his position ahead of next year's presidential elections.
China has cancelled drone shows and suspended drone flights across several provinces following a small plane crash in Beijing that raised significant security concerns, especially near top leadership compounds. This move signals a tightening of low-altitude aviation regulations, impacting the burgeoning "low-altitude economy" and civilian drone use, with new laws classifying illegal drone use as a public security threat.
Mizoram Chief Minister Lalduhoma met Union Home Minister Amit Shah regarding the Foreign Contribution (Regulation) Amendment Bill, 2026. Shah assured that the bill would not be retrospective. Various church and minority organisations have expressed concerns about the bill's impact on NGOs, schools, and healthcare units, urging its withdrawal or referral to a joint parliamentary committee.
The Centre on Tuesday told the Supreme Court that it has constituted a high-powered committee headed by the director general of health services (DGHS) to formulate a mechanism for conducting a comprehensive audit of the existing system of admission through the NEET-PG examination.
Former Pakistan Test spinner and chief selector Iqbal Qasim has criticised the current generation of Pakistani cricketers for prioritising financial gain, particularly through leagues like the PSL, over dedicated skill development and game awareness, attributing this to a lack of vision among selectors and a general disinterest among young players.
The Supreme Court has directed the Reserve Bank of India to prepare a standard operating procedure (SOP) within four weeks to deal with bank accounts linked to cyber frauds, including mule accounts. This directive is part of a broader effort to strengthen responses to cyber-enabled financial frauds, with the court also urging states and UTs to adopt and operationalise grievance redressal and money restoration modules.
An Indian-origin chief financial officer of a US spinal implant company has been sentenced to a four-month jail term for his role in a scheme to bribe surgeons. Aditya Humad conspired to pay over USD 540,000 in sham consulting fees to surgeons to induce them to use SpineFrontier's products, leading to millions in revenue for the company and undermining healthcare safeguards.
The challenge thrown by the youth movement creates the opportunity for a more consequential debate on India's economic trajectory because it must remain centered on India's youth as its driving impulse, asserts former foreign secretary Shyam Saran.
A veteran White House reporter has revealed that the Clinton administration used a decoy aircraft during President Bill Clinton's high-risk visit to Pakistan in 2000, a security measure disclosed to journalists off-the-record due to the significant dangers involved.
Heavy rainfall in Mumbai on Sunday led to significant disruptions, including a one-hour suspension of flight operations at Chhatrapati Shivaji Maharaj International Airport, widespread waterlogging, and multiple treefall incidents. One person died in Kurla due to a tree collapse, marking the second such fatality in a week. The India Meteorological Department had issued a 'red' alert, with several areas recording over 200 mm of rain.
'...as we believe with the adoption of AI, our IT services companies' revenue models will have to undergo a reset, which may in turn impact their potential for earnings growth.'
RBI Governor Sanjay Malhotra stated it is "premature" to discuss the implementation of Merchant Discount Rate (MDR) for digital payments, advising a "wait-and-watch" approach. He emphasised that investment in public payment infrastructure is necessary and someone must bear the cost, whether through taxes or MDR. The government is currently working on amendments to relevant statutes, and the RBI is focused on strengthening this infrastructure.
Washington Governor Bob Ferguson declared a statewide state of emergency and burn ban Saturday morning as an unprecedented wildfire crisis gripped the region, with active blazes scorching nearly 3,000 acres.
Former India women's hockey team captain Asunta Lakra has challenged the ethics proceedings initiated against her by Hockey India, citing procedural irregularities and questioning the Ethics Committee's jurisdiction. Lakra denied all allegations as 'false, baseless, malicious, motivated and defamatory' and is seeking full disclosure of documents before providing a detailed reply.
The Bombay High Court has ordered resident doctors in Maharashtra to immediately end their strike, which was protesting the registration of homoeopaths under the Maharashtra Medical Council. The court expressed grave concern over patient safety and warned of wage stoppage, leading the Maharashtra Association of Resident Doctors (MARD) to agree to call off the protest.
The Airports Authority of India has received a request for a waiver from contractual restrictions that prevent airport concessionaires and their group entities from holding equity in scheduled airlines, Minister of State for Civil Aviation Murlidhar Mohol confirmed in the Rajya Sabha. This comes amid reports of the Adani group's interest in the airline business, despite their denial.
The Delhi High Court has raised concerns about Jantar Mantar remaining a designated protest site, questioning why the city should be inconvenienced by demonstrations. The court directed Delhi Police to decide on a protest request by the All India Dalit Christian Rights Protection Committee, while noting the Supreme Court is also examining alternative protest venues.
Former India women's hockey captain Asunta Lakra has formally challenged the ethics proceedings initiated against her by Hockey India, citing procedural irregularities and questioning the Ethics Committee's jurisdiction. Lakra denies all allegations as "false, baseless, malicious, motivated and defamatory," and highlights issues with the committee's constitution and the incomplete documentation provided. This challenge comes amidst a broader context of sexual harassment allegations in Jharkhand hockey and institutional intimidation claims.
'The Indian private space sector is no longer a high-risk bet; it is a highly bankable, globally competitive asset class capable of easing the global small satellite launch bottleneck.'
