The Bombay High Court has quashed a year-long externment order against a political leader, ruling that involvement in agitations and protests against the government cannot be the sole basis for such orders. Justice Madhav Jamdar stated that externment for opposing government decisions affects fundamental rights, including freedom of speech and expression.
Two criminals were arrested in Lucknow for violating district externment orders. They had allegedly returned to meet their families, one to celebrate Eid al-Adha. The arrests were made during a late-night checking drive by Mohanlalganj police.
The Indian government is set to accelerate reforms, including measures to enhance foreign direct investment, speed up divestment, and boost asset monetisation, to maintain economic growth despite rising fuel and fertiliser import costs driven by the West Asia crisis.
State-owned enterprises in India are projected to significantly increase their overseas borrowings, potentially exceeding $15 billion in FY27, driven by the Reserve Bank of India's new concessional forex swap facility which offers a 3 per cent funding-cost advantage.
A high-level Indian delegation, including Bihar Governor Lt Gen (Retd) Syed Ata Hasnain and Minister of State for External Affairs Pabitra Margherita, paid tributes to the assassinated Iranian supreme leader Ayatollah Ali Khamenei in Tehran, conveying India's condolences.
India's finance ministry anticipates inflation will remain relatively contained in the coming months, supported by a correction in crude oil prices and softening input costs following the cessation of the West Asia conflict, despite earlier spikes in wholesale and retail inflation.
Millions of people, including international representatives, are expected to attend the funeral of Iran's Supreme Leader Ayatollah Ali Khamenei in Tehran. His death occurred at the start of the US-Israel war on Iran. US President Donald Trump announced a week-long pause in bombing for the funeral, while India was represented by Governor Syed Ata Hasnain and MoS External Affairs Pabitra Margherita. The event is anticipated to be one of the largest gatherings in Iran's history, with ceremonies delayed due to security concerns.
Iran has extended an invitation to Congress president Mallikarjun Kharge and other party leaders, including Salman Khurshid and Pawan Khera, to attend the burial ceremonies of its late supreme leader Ayatollah Ali Khamenei. The ceremonies are scheduled from July 5 to 9 across various Iranian cities. India will also be represented by Minister of State for External Affairs Pabitra Margherita and Bihar Governor Ata Hasnain.
The Reserve Bank of India's Financial Stability Report indicates that the interim peace deal between the US and Iran has favourably shifted the balance of risks, reducing headwinds from the West Asia conflict. However, it cautions that exchange rate volatility could increase if crude oil prices spike due to delayed normalisation of supply chain disruptions.
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.
The Indian Embassy in Venezuela has called for a thorough investigation into the alleged desecration and removal of organs from the body of Indian sailor Rakesh Chauhan. His wife and the Forward Seamen's Union of India claim a second post-mortem in India revealed all internal organs were missing, raising serious questions about his death and the handling of his remains.
The Indian stock market's trajectory this week will be significantly influenced by crude oil prices, global market trends, and the commencement of the corporate earnings season, with IT major TCS set to announce its June-quarter results on July 9.
Items include luxury watches, jewellery, carpets, shawls, silverware and collectible artefacts with bidding prices reaching up to Rs 20 lakh.
Europe has overtaken Asia as India's biggest arms supplier, reflecting New Delhi's evolving defence procurement strategy.
India has strongly condemned Pakistan's recent air strikes on Afghan territory, which resulted in civilian casualties. The Ministry of External Affairs labelled the strikes a "blatant act of aggression" and a "direct threat" to regional peace, reiterating India's support for Afghanistan's sovereignty.
Ayatollah Ali Khamenei was killed in US-Israeli strikes on February 28.
The report notes that equities had faced pressure from elevated valuation premiums, subdued nominal gross domestic product (GDP) and earnings growth, sustained foreign portfolio investor (FPI) selling, artificial intelligence (AI) infrastructure euphoria, and external shocks including US tariffs and a spike in crude oil prices due to geopolitical tensions in West Asia. However, several of these factors are now reversing.
Israeli Prime Minister Benjamin Netanyahu announced a significant policy shift, declaring that Israel's robust economy no longer requires American financial assistance. He also reiterated strong opposition to Palestinian statehood, affirmed an aggressive national defence strategy, warned of pre-emptive strikes against Iran, and confirmed the continued military presence in southern Lebanon.
Prime Minister Narendra Modi addressed his Japanese counterpart Sanae Takaichi as his 'younger sister' and hailed her as a 'visionary and popular leader' during a joint press meet, where both leaders unveiled initiatives to deepen bilateral cooperation and strengthen the India-Japan Special Strategic and Global Partnership.
Most members of the Reserve Bank of India's Monetary Policy Committee (MPC) expressed concerns about inflation becoming generalised and highlighted uncertainties surrounding both inflation and growth prospects due to the West Asia conflict, according to the recently released minutes.
Capgemini has temporarily closed its Bengaluru on-campus daycare facility following reports and viral videos of alleged toddler abuse by caregivers. The IT firm is reassessing all its daycare providers across India and providing support to affected families. This action comes after Bengaluru police arrested two nannies in connection with the alleged abuse, which included threatening and mistreating children. Karnataka Home Minister Priyank Kharge condemned the incident, highlighting its negative impact on 'Brand Bengaluru' and questioning the company's due diligence.
Indian benchmark equity indices, Sensex and Nifty, extended their winning streak for a third consecutive day, driven by a rally in IT stocks and global cues suggesting a more accommodative monetary policy after softer-than-expected US jobs data.
The Delhi High Court has reserved its verdict on petitions filed by riders Anush Agarwalla and Sudipti Hajela, who challenged their exclusion from India's dressage team for the upcoming Asian Games. The athletes appealed a single judge's earlier decision that upheld the Equestrian Federation of India's selection process. The court heard arguments from all parties, including the EFI, which maintained that the best riders were selected and opposed external interference.
Amid the passport row, Shashi Tharoor has proposed legal changes to simplify proof of Indian citizenship.
Market participants are keenly awaiting regular, preferably weekly, updates from the Reserve Bank of India (RBI) on Foreign Currency Non-Resident (Bank), or FCNR (B), deposits, following the central bank's directive for banks to submit daily data on these inflows.
'Why not aspire for 8 or 9 or even 10 per cent?'
External Affairs Minister S Jaishankar lodged a strong protest with US Secretary of State Marco Rubio over US Navy attacks in the Gulf that killed three Indian mariners. India also summoned the US Charge d'Affaires in New Delhi regarding the incident.
Dubai-based Danube Group plans to launch projects with a combined sales potential of approximately $4 billion in fiscal year 2026-27 (FY27), adopting a more selective approach to new developments as the Emirati property market enters a correction phase.
Gurugram Police have arrested six individuals, alleging a planned conspiracy behind the recent unrest at factories in the IMT-Manesar area. Investigations suggest external elements incited workers to riot and engage in arson over salary hike demands.
The Brihanmumbai Municipal Corporation (BMC) has formed a two-member committee to investigate the fatal tree collapse on a school bus in Chembur, which killed a student and injured four others. An assistant garden superintendent has been suspended for alleged negligence, and the committee is tasked with recommending preventive measures.
American Olympic medallist and former World champion Jenny Simpson collapsed during a community track event in Raleigh, North Carolina, and is now receiving medical care in hospital.
National Security Adviser Ajit Doval held "constructive" talks with Chinese Foreign Minister Wang Yi in New Delhi, focusing on the normalisation of bilateral ties. The discussions reviewed recent developments and progress towards rebuilding trust after the eastern Ladakh border standoff. Both sides have implemented measures, including disengagement pacts and high-level meetings, to improve relations.
Prime Minister Narendra Modi held a telephonic conversation with Iranian President Masoud Pezeshkian, discussing recent developments in West Asia and reiterating India's emphasis on the importance of freedom of navigation in the Strait of Hormuz. Modi welcomed the recent peace understanding between the US and Iran, stressing dialogue and diplomacy for regional stability. India will also send representatives to the burial ceremonies of Iran's late Supreme Leader.
External Affairs Minister S Jaishankar has strongly defended India's decision to purchase Russian crude oil, stating that the country's energy choices are based on cost and availability, and highlighting the West's 'hypocrisy' in criticising India while historically supplying weapons used against it.
Following a Memorandum of Understanding between the US and Iran to resolve the West Asia conflict, eleven India-bound vessels have successfully transited the Strait of Hormuz. This development signals a positive shift for maritime trade, with more Indian-flagged ships expected to pass through the crucial waterway soon.
It is an unusual choice to depute a retired general for the funeral of a revered religious figure but a thoughtful one in an attempt to inject verve into the bilateral relationship and restore the equilibrium in India's West Asian policies, notes Ambassador M K Bhadrakumar.
It's absolutely okay for two partners in a relationship to be widely different in their likes and dislikes, says rediffGURU Anu Krishna.
Modi thanked Seychelles for the honour and dedicated it to the nations which are fighting the challenges of climate change.
Sabudana Khichdi, popular especially in western India, is often had for breakfast. It is cooked up with peanuts, cubes of potatoes, chopped green chillies and tapioca pearls. Replace the peanuts with toasted walnuts to get a different effect.
Police say timely operation prevented a possible mass-casualty attack.
