Indian benchmark indices Sensex and Nifty saw a significant rebound in early trade, driven by a sharp decline in crude oil prices and easing geopolitical tensions in the West Asia, which improved market sentiment and reduced inflation fears. Track Sensex, Nifty on July 27.
India successfully facilitated a significant diplomatic meeting between Iranian President Masoud Pezeshkian and UAE Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan on the sidelines of the BRICS Summit in New Delhi. This interaction, a diplomatic breakthrough given ongoing West Asia conflicts, occurred as BRICS adopted a declaration urging restraint and protection of civilians in the region, highlighting the bloc's commitment to peace and stability.
The United Arab Emirates (UAE) has expressed intent to invest an additional $25 billion in India, with an ultimate goal of reaching $100 billion in investments, Union Minister Piyush Goyal announced. This comes as both nations plan to enhance cooperation in shipping, ports, energy, and emerging technologies, against a backdrop of expanding bilateral trade.
Congress's Nandigram bypoll candidate Milan Pradhan has been sent to judicial custody until October 3 on charges dating back 19 years, effectively ending his campaign for the October 6 by-election.
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.
India's wholesale price-based inflation (WPI) increased to 9.92 per cent in August, up from 9.78 per cent in July, primarily due to rising prices across food, manufactured items, and fuel and power sectors.
Specialised range taking shape in Andhra Pradesh, while West Bengal clears way for DRDO's new testing facility.
Rohit Sharma has spoken about his long-standing bond with Virat Kohli, highlighting their strong relationship since their early international careers. He revealed they constantly help each other improve their game and share a deep camaraderie, despite changes in roles and less frequent meetings.
India has expressed serious concern over Houthi attacks on Saudi Arabia's civilian infrastructure and economic assets, stating that such actions threaten regional stability and freedom of navigation through the Bab-el-Mandeb strait. External Affairs Minister S Jaishankar discussed the issue with his Saudi counterpart. India also condemned the targeting of commercial shipping after an Indian national went missing following an attack on a Panama-flagged ship off Oman.
Crude oil futures surged over 3 per cent, snapping a three-session losing streak, as renewed military escalation in West Asia revived fears of supply disruptions, driving prices higher on both domestic and international exchanges.
A deep depression over the Bay of Bengal has brought heavy rainfall to parts of Andhra Pradesh and Odisha, leading to the evacuation of at least 3,500 people and prompting authorities to issue red and orange alerts for several districts.
Indian stock market benchmark indices Sensex and Nifty recorded their second consecutive day of decline, with the Sensex dropping 555.23 points and the Nifty falling 144.05 points, primarily due to rising crude oil prices and ongoing US-Iran hostilities in West Asia.
AICC general secretary K C Venugopal announced that the Congress would not withdraw its candidate Milan Pradhan from the Nandigram Assembly bypoll in West Bengal, despite his recent arrest. Pradhan was apprehended in connection with a 2007 anti-land acquisition movement case, shortly after the Trinamool Congress extended its support to him. Venugopal alleged political pressure and questioned the Election Commission's silence, vowing to elevate the issue to a national level.
Virat Kohli, after becoming the second batter to reach 15,000 ODI runs and scoring his 55th ton, stated that personal milestones are not his primary focus.
Shafali Verma smashed an unbeaten 100 off 49 balls against Bangladesh, becoming the first Indian woman to score an Asian Games century and strengthening her record-breaking 2026 T20I campaign.
Pakistan's government is exploring measures, including potential smart lockdowns and austerity, to reduce petroleum consumption. This comes after recent fuel price hikes driven by rising global oil prices and West Asia tensions, which have also raised concerns about oil supply disruptions. The government is also implementing a fuel relief scheme and faces public pressure over the price increases.
Clearlake Capital Group is set to acquire the minority interests of co-owners Todd Boehly and Mark Walter, taking full control of Chelsea FC, with Boehly stepping down as chairman.
The Election Commission of India has announced decisions addressing concerns raised by two election commissioners, Sukhbir Singh Sandhu and Vivek Joshi, over the past 10 months. These issues included changes to voter registration forms, access to the electoral roll database, the handling of Goa's 97 voters, communications issued without full commission approval, oversight of the IT division, and appeals against voter restoration. The EC has provided responses and outlined steps to resolve these internal disputes and improve transparency and compliance.
West Bengal Chief Minister Suvendu Adhikari has accused the "bhaipo gang," allegedly linked to TMC MP Abhishek Banerjee, of involvement in the murder of his personal assistant, Chandranath Rath. The allegations come as Rath's mother, Hasirani Rath, was nominated by the BJP for the Nandigram by-election. Adhikari claimed Rs 2 crore was spent on the murder and that the CBI investigation is progressing, with phone records and a money courier identified.
Indian benchmark indices Sensex and Nifty experienced significant declines in early trade, driven by soaring crude oil prices amidst escalating tensions in West Asia, coupled with weak global market trends and foreign fund outflows.
Rishabh Pant, recently excluded from India's white-ball squad, has been appointed captain of the Rest of India team for the upcoming Irani Cup match against Ranji Trophy champions Jammu and Kashmir.
External Affairs Minister S Jaishankar, addressing the UN General Assembly, condemned the targeting of commercial shipping and seafarers in the Gulf, calling it "simply unacceptable." He also voiced deep concern over the "weaponisation of everything," which he stated has severe consequences for Global South nations, impacting peace, progress, and development globally. India urged restraint, de-escalation, and protection of civilians, while also highlighting the 4F crisis (food, fuel, fertiliser, finance) faced by developing countries.
The Supreme Court has agreed to urgently hear a 2016 Public Interest Litigation (PIL) seeking the speedy disposal of criminal cases against lawmakers across India. This decision comes amidst concerns raised by amicus curiae Vijay Hansaria about the high number of legislators facing criminal charges, including chief ministers. The court had previously issued directions in November 2023 to fast-track such trials.
Pakistan's Prime Minister Shehbaz Sharif used his UN General Assembly address to thank former US President Donald Trump for his "timely intervention" in the 2025 conflict with India, a claim India consistently denies. Sharif also raised the Kashmir issue and discussed the Indus Waters Treaty, while touting Pakistan's role in mediating US-Iran peace.
Odisha Police's STF and the Wildlife Crime Control Bureau are investigating the rescue of five baby orangutans in Balasore, suspecting an international wildlife trafficking network. The probe focuses on a black SUV seen near the rescue site and potential routes from West Bengal, with officials believing the animals were trafficked from Southeast Asia. Chief Minister Mohan Charan Majhi has called for stringent action against those involved.
The prominence of migration highlights a longstanding problem for India's electoral system.
Marine war-risk premiums for West Asian shipping routes, particularly the Red Sea corridor, have surged by as much as 200 per cent due to renewed geopolitical tensions, with some high-risk transits seeing increases of over 1,000 per cent, according to industry brokers.
A nationwide survey by a Supreme Court-appointed panel reveals that 15% of higher education students felt overwhelmed or distressed, and 9% experienced suicidal thoughts in the past six months. The findings, part of an upcoming report, highlight deep-rooted social discrimination, academic pressures, and inadequate counselling services contributing to mental health concerns and rising student suicides in Indian Higher Educational Institutions.
Civil Aviation Minister Kinjarapu Rammohan Naidu stated that no decision has been made regarding allowing Delhi and Mumbai airport operators to own and run airlines, as the government is carefully considering the implications of relaxing cross-ownership restrictions, including potential conflicts of interest and the need for more airlines.
The Election Commission has allotted the 'Football Player' symbol to the Mamata Banerjee-led faction of the Trinamool Congress for the upcoming West Bengal bypolls, while the rival Arup Roy-led group will contest with the 'Envelope' symbol.
Prime Minister Narendra Modi, addressing the BRICS summit, called for a fundamental shift in global governance, advocating for the replacement of the current 'pyramid of privilege' with a 'platform of partnership' where the Global South becomes a 'rule shaper' rather than a 'rule follower'.
Xi's bilateral meeting with Modi was substantial and readouts from both sides gave indications of rapprochement, if not a reset of bilateral relations between India and China, notes Ambassador T P Sreenivasan.
Reports from the New York Post, citing Mohsen Heydari, reveal that Mojtaba Khamenei was "pulled from the rubble" of a Tehran hospital after alleged US and Israeli strikes. This occurred before his secret selection as Iran's new Supreme Leader by the Assembly of Experts, which was also reportedly targeted. Conflicting accounts from Donald Trump and Iranian President Masoud Pezeshkian have further shrouded Khamenei's health in mystery, with some suggesting severe injuries while others claim he is "completely" healthy.
Indian benchmark indices Sensex and Nifty experienced a significant slump in early trade, driven by escalating tensions in West Asia and a sharp rise in crude oil prices, alongside a bearish trend in other Asian markets.
Opposition parties in India are demanding the impeachment and arrest of Chief Election Commissioner (CEC) Gyanesh Kumar, alleging he is running the poll panel as a 'one-man autocracy' following revelations that two Election Commissioners red-flagged issues related to the Special Intensive Revision (SIR) of electoral rolls.
A political controversy has erupted in Delhi after a video surfaced showing PWD Minister Parvesh Singh slapping a man who was recording a road inspection in Tilak Nagar.
The Mamata Banerjee-led Trinamool Congress faction has announced Sanchita Pradhan (Dey) and Rabiul Alam Chowdhury as its candidates for the upcoming Nandigram and Rejinagar assembly by-elections in West Bengal. This announcement comes amidst a significant split within the TMC, with a rival faction led by Ritabrata Banerjee also vying for control of the party's name and symbol. The Election Commission is currently deliberating on the claims of both factions, a decision that will critically impact the by-polls scheduled for October 6.
Iranian President Masoud Pezeshkian concluded his visit to India for the 18th BRICS Summit, announcing that Iran and the UAE agreed to move past previous tensions. This diplomatic breakthrough occurred during talks with Abu Dhabi's Crown Prince on the summit sidelines. Pezeshkian also met with PM Modi to discuss bilateral ties and West Asia developments, with Modi emphasising dialogue for regional peace. The BRICS summit adopted the New Delhi Declaration 2026, calling for global governance reforms and de-escalation in West Asia.
Iranian President Masoud Pezeshkian declared that Iran will not succumb to "bullying" from the US and Israel, vowing to protect national interests amidst escalating West Asian hostilities. During his visit to New Delhi for the BRICS summit, Pezeshkian also discussed strengthening bilateral ties with Prime Minister Narendra Modi and advocated for local currencies in BRICS trade, positioning Iran as a strategic energy and transport partner.
The Bharatiya Janata Party (BJP) has announced a significant reshuffle of its state in-charges and co-in-charges across all 28 states and eight Union territories, with prominent leaders like Smriti Irani and Ram Madhav assigned to crucial states, as the party gears up for upcoming assembly elections.
