Indian benchmark indices, Sensex and Nifty, experienced a significant downturn as escalating tensions in West Asia led to a sharp surge in crude oil prices, coupled with fresh foreign fund outflows and a weakening rupee.
The OCA has asked India and other national Olympic bodies not to seek late additions to their Asian Games contingents as Japan struggles to accommodate more than 15,000 participants.
The Olympic Council of Asia (OCA) has implemented a stringent Safeguarding Code of Conduct for athletes and officials participating in the Asian Games in Aichi-Nagoya, Japan. The code prohibits inappropriate relationships, degrading language, and harassment, with violations leading to severe penalties including suspension. It also addresses social media use and places special emphasis on protecting minor athletes.
A Kishore Kumar song, a birthday cake, a prince's break from protocol to thank his driver, a Persian painting on the ceiling of the presidential residence -- the BRICS Summit had many memorable moments.
India's U-18 women's hockey team started their Asia Cup campaign with a 2-1 victory over Malaysia, thanks to a brace from Nousheen Naz.
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.
Indian vice-captain Smriti Mandhana has surpassed Mithali Raj to become the highest run-scorer in women's international cricket across all formats, achieving this milestone with a sensational 124-run innings against Hong Kong in the Women's Asia Cup 2026. Mithali Raj congratulated Mandhana on her achievement.
A recently finalised peace deal between the US and Iran, set to be signed on June 19, is expected to significantly benefit India's economy by boosting exports to West Asia, stabilising the rupee, and easing inflationary pressures, according to exporters and experts.
The BRICS summit in New Delhi brings together leaders from major emerging economies to address global challenges like trade disputes, geopolitical upheavals, and the economic impact of conflicts in Ukraine and West Asia. India, as chair, aims to position BRICS as an economic growth engine, focusing on the Global South's food, energy, and supply chain security. The summit also highlights the grouping's expansion and its growing influence in global governance.
The Indian contingent for the upcoming Asian Games in Aichi-Nagoya will undergo orientation sessions focusing on empathy and mutual respect. For the first time, a Safeguarding Officer will accompany the 768-strong team to provide support, counsel distressed athletes, and enforce a code of conduct, ensuring a safe and conducive environment for performance. The officer's role, mandated by the Olympic Council of Asia, includes confidential reporting and potential accreditation suspension for serious violations.
Indian stock markets, including the Sensex and Nifty, experienced a significant tumble in early trade, driven by escalating tensions in West Asia that pushed crude oil prices close to the USD 100-per-barrel mark, alongside selling in IT stocks and fresh foreign fund outflows.
Indian benchmark indices Sensex and Nifty extended their losses for the fourth consecutive session, with the Sensex declining 363.66 points and the Nifty dipping 126.65 points, primarily due to a sharp jump in Brent crude oil prices to USD 98.32 per barrel amid escalating tensions in West Asia.
BRICS nations have successfully reached a consensus on a joint statement following extensive negotiations, with India playing a crucial role in bridging differences, particularly among West Asian members like Iran, Saudi Arabia, and the UAE, despite regional conflicts and geopolitical tensions.
'It is a blunt and dangerous attempt to pressure India to sign BTA on one-sided terms.'
India is hosting the BRICS summit, leveraging the platform to address global trade tensions and champion the developmental priorities of the Global South, including food, energy, and supply chain security. The summit, attended by leaders like President Xi Jinping and Vladimir Putin, will focus on resilience, innovation, cooperation, and sustainability, with India aiming to strengthen intra-BRICS collaboration and discuss global matters. The expanded BRICS grouping represents a significant portion of the world's population and GDP, making its discussions crucial for global economic stability.
'This rise in foreign exchange reserves was expected given the amount of FCNR(B) flow.'
The Indian senior women's rugby sevens team is undergoing a national camp in Kolkata to prepare for the upcoming Asian Games in Nagoya. Coach Terence Joseph and Captain Shikha Yadav emphasise execution, consistency, and building on recent form against strong Pool B opponents like China and Hong Kong China.
India's women's cricket team secured a commanding 94-run victory over Thailand in their Women's T20 Asia Cup opener. Despite a batting collapse after a strong start by Shafali Verma, India posted 159-9, then bowled out Thailand for just 65, with Deepti Sharma delivering a record-breaking spell. Captain Harmanpreet Kaur acknowledged the win but cautioned against complacency.
The Asian Games in Nagoya, Japan, are set to feature top athletes across various disciplines. This preview highlights key contenders like swimmers Pan Zhanle, javelin throwers Haruka Kitaguchi and Arshad Nadeem, badminton star An Se-young, gymnastic sensation Carlos Yulo, tennis prodigy Alexandra Eala, and the formidable Indian cricket teams, all poised to make a significant impact.
IndiGo, India's largest airline, reported a net loss of Rs 238 crore for the June quarter, primarily attributed to a significant surge in fuel prices and operational constraints stemming from the West Asia conflict.
India has condemned an attack on a Panama-flagged oil tanker off the coast of Oman, which resulted in one Indian seafarer going missing and 13 others being rescued. The Ministry of External Affairs is closely monitoring the situation and coordinating with Omani authorities for search and rescue operations, while also reiterating calls for de-escalation and safe navigation in the region.
Indian Hotels Company (IHCL) reported a 20.8 per cent year-on-year rise in net profit for Q1 FY27, reaching 357.9 crore, despite macroeconomic headwinds like geopolitical tensions in West Asia impacting international travel and airline catering business.
A Goldman Sachs report indicates that US and Indian equity markets are becoming less attractive due to lower free cash flow (FCF) yields as valuations rise, while European markets offer significantly higher yields. Concurrently, India's top-listed residential real estate developers experienced a moderation in pre-sales in Q1FY27, attributed to delayed project approvals, limited launches, and high year-ago bases, though underlying housing demand remains healthy.
India's Under-18 boys and girls hockey teams, mentored by Sardar Singh and Rani Rampal, are set to compete in the Asia Cup in Kakamigahara, Japan, after intensive training and exposure matches.
Indian stock markets this week will be primarily influenced by a series of corporate Q1 earnings, the evolving geopolitical situation in West Asia, and fluctuations in crude oil prices, according to market analysts.
Maruti Suzuki India (MSIL) reported a 9.1 per cent year-on-year decline in net profit for the April-June quarter of 2026-27, marking its second consecutive quarterly fall. This dip occurred despite a significant 29.3 per cent jump in sales volume, primarily due to escalating commodity prices, increased energy costs, and logistics disruptions stemming from the West Asia conflict.
Eiffel Tower employees launched a strike, leading to the iconic landmark's closure, after allegations surfaced that female staff were asked to vacate their posts during a visit by the Hindu religious organisation BAPS.
The Indian rupee experienced its sharpest single-day decline in eight weeks, settling at 94.83 per dollar, primarily due to escalating crude oil prices and persistent risk-off sentiment driven by heightened geopolitical tensions and limited foreign inflows.
Indian benchmark indices, Sensex and Nifty, extended their losses for a second consecutive day, primarily due to HDFC Bank's disappointing quarterly earnings and escalating tensions in West Asia, coupled with persistent foreign fund outflows.
'Giving up is very easy. But don't give up. Try out whatever you can. Something will happen.'
Quimcy D'Souza, a self-funded and self-coached Indian teqball player, competed at the Asian Games with the aim of popularising the sport in India. Despite narrowly missing out on two bronze medals, D'Souza views her journey as a crucial first step towards establishing teqball in the country and inspiring more athletes.
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'.
Accel's early investment in RentoMojo, a furniture and appliance rental platform, has paid off handsomely with the company's strong debut on the stock exchanges, listing nearly 19 per cent above its issue price after a significantly oversubscribed IPO.
Disquiet has emerged within India's rowing camp at the Asian Games as some players claim they have been moved from their original events, with reserves taking their places. This has caused significant distress among the affected athletes just as competitions are set to begin.
The political confidence required to place high-end Japanese aircraft and personnel on Indian soil is itself a data point.
It indicates a level of trust that would have been difficult to imagine when India-Japan defence ties were largely symbolic, explains Varun Arya.
'If crude remains above $100 per barrel, with restricted retail-price increases, OMCs could face negative petrol and diesel marketing margins, higher LPG under-recoveries, higher crude-landing, freight and insurance costs, working capital and debt accumulation and inventory losses if crude subsequently corrects sharply.'
Prime Minister Narendra Modi met Iranian President Masoud Pezeshkian at the SCO summit, advocating for dialogue and diplomacy to resolve the West Asia conflict and expressing India's desire to expand and diversify trade with Iran. Pezeshkian, in turn, urged India to leverage its contacts to promote peace.
Luxury hotels in Delhi are experiencing a significant room crunch and a sharp increase in tariffs ahead of the BRICS Summit. Many marquee properties show no availability or are quoting rates exceeding six figures per night around the September 12-13 event, highlighting a gap in India's hospitality infrastructure.
'...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.'
Nandni Sharma surged 38 places after her three-wicket haul against Thailand, while Chamari Athapaththu reached career-best ratings in batting, bowling and all-round performance.
