India's Vivaan Vishal and Turkmenistan's Shohradova Lala won the Open and Girls sections, respectively, at the Asian Junior Rapid Chess Championship in Mumbai. Vivaan secured his title with a strong finish, while Shohradova claimed victory after a tie-break against India's Pratitee Bordoloi. The event now moves to the Classical Championship.
Indian oil-marketing companies (OMCs) have incurred LPG underrecoveries of approximately Rs 22,000 crore between March and May 2026, as domestic cooking gas prices failed to keep pace with surging international rates exacerbated by the West Asia crisis, according to a Crisil report.
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.
East Bengal secured a historic 4-1 victory over arch-rivals Mohun Bagan in the Durand Cup final, with Edmund Lalrindika scoring a sensational hat-trick. This triumph marks East Bengal's 17th Durand Cup title, bringing them level with Mohun Bagan's record in Asia's oldest football competition.
A senior Pakistani defence official, Lt Gen (retd) Mazhar Jamil, claimed that India's long-range missile development indicates ambitions to become a global nuclear power capable of threatening Western capitals, urging international attention to India's military modernisation. He also reiterated Pakistan's commitment to deterrence stability in South Asia.
India's Senior B and Men's A bridge teams have successfully advanced to the semifinals of the fifth Asia Cup Bridge Championship, held in Panaji. The Senior B team topped the Swiss league, while the Men's A team secured a third-place finish, setting the stage for Friday's knockout rounds.
India's latest trade data reveals a significant geographical realignment, with trade surpluses growing decisively with Asian and African nations, even as surpluses with traditional partners like the US and Netherlands narrow.
Indian benchmark indices, Sensex and Nifty, experienced significant declines, with the Sensex falling 493 points and the Nifty dropping for the sixth consecutive day, primarily due to elevated crude oil prices reaching USD 91 per barrel and diminishing hopes for a diplomatic resolution in West Asia.
World's Top 5 Airports of 2026 based on votes from passengers across the globe in the 2025-2026 World Airport Survey by SKYTRAX.
Treesa Jolly and Gayatri Gopichand secured India's first women's doubles medal at the Badminton World Championships in 15 years after defeating China's Jia Yi Fan and Zhang Shu Xian in a thrilling quarter-final match.
The move is meant to enhance the operational capability of the armed forces, reduce import dependence and increase domestic value addition.
Indian women's doubles pair Treesa Jolly and Gayatri Gopichand have reached the quarterfinals of the World Championships, putting them one step closer to securing a medal.
Tata Motors Passenger Vehicles (TMPV) reported Q1FY27 results showing significant margin pressures at both Jaguar Land Rover (JLR) and its domestic operations, despite strong volume growth in the India business. Analysts expect these margin headwinds to persist, potentially offsetting gains from increased sales and new launches.
India is set to field its strongest-ever contingent at the Asia Cup Bridge Championships 2026 in Goa, featuring top international stars and Asian Games medallists. The tournament, organised by the Bridge Federation of India, will host 46 elite teams from Asia and Oceania, highlighting India's growing prominence in intellectual sports.
Indian banks and non-banking financial companies (NBFCs) are undertaking a comprehensive review and reset of their engagement terms with fintech firms, driven by the Reserve Bank of India's (RBI) draft Guidance on Regulatory Expectations for Data Governance and the stringent compliance requirements of the Digital Personal Data Protection (DPDP) Act, 2023, and its 2025 Rules.
The Asian Junior Classical Championship in Mumbai saw top seed Mayank Chakraborty win his opening match, while other leading contenders Vignesh Advaith Vemula and Akhilbay Imangali were held to draws. The girls' section witnessed several upsets, with lower-rated players securing draws or victories against higher-rated opponents. The tournament features a strong field of 85 players from nine federations, including International Masters and FIDE Masters.
Japanese badminton prodigy Tomoka Miyazaki, despite an early exit from the World Championships, is leveraging the experience to refine her game and challenge the sport's top players. Mentored by Akane Yamaguchi, the 20-year-old aims for consistent quarter-final appearances to test her skills against the world's best, while also appreciating her growing global fan base.
The Asian Junior Classical Championship in Mumbai saw top seed Mayank Chakraborty win his opening match, while other leading contenders Vignesh Advaith Vemula and Akhilbay Imangali were held to draws. The girls' section witnessed several upsets, with lower-rated players securing draws or victories against higher-rated opponents. The tournament features a strong field of 85 players from nine federations, including International Masters and FIDE Masters.
India's electric two-wheeler market has seen record penetration, exceeding 11.2 per cent, driven by crude oil price fluctuations. This surge has led to an unexpected crisis for Indian OEMs, with unfulfilled customer demand reaching 20-30 per cent and average waiting periods exceeding four weeks, a situation expected to intensify during the upcoming festival season.
Prime Minister Narendra Modi, in his 80th Independence Day address, expressed strong confidence that India will achieve developed nation status by 2047, urging citizens to embrace big dreams and unwavering resolve to realise 'Viksit Bharat'. He highlighted India's economic transformation and significant growth in various sectors, including defence production, electronic manufacturing, and mobile phone production.
'The trigger for the flood was definitely natural, but the damage that it caused was human-made.'
Ace Indian weightlifter Mirabai Chanu is gearing up for an 'Olympic-level' competition at the Asian Games in Aichi-Nagoya, where she expects to face the strongest lifters from China, North Korea, and Thailand, making it her toughest challenge yet.
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.
India's women's hockey team faces a challenging opening match against Olympic silver medallists China in the FIH Hockey World Cup. The crucial Pool D encounter in Amstelveen will set the tone for India's campaign, with both teams also set to meet at the upcoming Asian Games. India, buoyed by recent strong performances and an experienced squad, aims to improve on past World Cup finishes and secure a positive start against a formidable Chinese side.
Ayush Shetty's impressive run at the World Championships ended in the pre-quarterfinals against Alwi Farhan, concluding India's men's singles challenge. Meanwhile, the women's doubles pair of Treesa Jolly and Gayatri Gopichand advanced to the quarterfinals with a dominant win, continuing their strong comeback after Treesa's injury.
Ayush Shetty's coach, Sagar Chopda, believes that the Indian shuttler's challenging World Championships opener against world No. 1 Shi Yu Qi could work in his favour, citing Shi Yu Qi's recent form and the home crowd advantage.
Denmark's football association (DBU) has declared it has lost confidence in FIFA President Gianni Infantino and will seek a credible alternative for the 2027 election, citing a 'fundamental crisis of confidence' over his aborted proposal to sell commercial stakes in FIFA tournaments.
Pakistan summoned US Charge d'Affaires Natalie Baker to lodge a "strong demarche" following remarks by US Ambassador to India Sergio Gor, who stated that Jammu and Kashmir is an important part of India. Pakistan's Foreign Office condemned Gor's characterisation, asserting that Jammu and Kashmir is an internationally recognised disputed territory and that the US ambassador's statement contradicted the US's long-standing position and commitment to international law.
'This government is in the very bad habit of doing so again and again. It has done so many times.'
Voltas has announced a joint venture with Atomberg Innovation to manufacture high-efficiency room air conditioner (RAC) compressors, aiming to strengthen localisation and supply-chain resilience. Despite significant volume growth in RACs, the company's margins remain a key concern for analysts.
India's trade deficit reached a six-month high of $31.98 billion in July, driven by a sharp increase in imports, particularly crude oil, electronic goods, coal, and fertilisers. Both merchandise exports and imports recorded their second-highest levels during the same period.
Mumbai-based TCR Engineering Services has become the first independent company in India to receive Nadcap accreditation for materials testing at its Navi Mumbai and Vadodara laboratories, a crucial step for Indian suppliers to enter the global aerospace supply chain.
The Indian men's hockey team's failure to reach the semi-finals of the World Cup has highlighted significant issues, including a lack of intent in player transition and questionable selection decisions, according to former players and experts.
FIFA President Gianni Infantino is campaigning for re-election by positioning himself as the advocate for less wealthy football nations, while UEFA President Aleksander Ceferin has ruled out running against him but anticipates an opposition candidate.
India's top women's singles players, including Sahaja Yamalapalli, Vaishnavi Adkar, and Vaidehee Chaudhari, have been excluded from the Asian Games tennis squad after the Sports Ministry pruned the list, leaving the national challenge without its leading singles contenders.
New Delhi must look for formal, institutional statements issued directly from Washington rather than rely on casual pronouncements meant for local audiences, notes Ambassador Rajasekhar.
The Sports Ministry has approved a 492-member Indian contingent, comprising 265 male and 227 female athletes, for the upcoming Asian Games in Aichi-Nagoya, Japan. Athletics forms the largest group with 73 participants, including star athletes like Neeraj Chopra and Jyothi Yarraji. Other prominent sports like shooting, weightlifting, badminton, boxing, and wrestling also feature strong teams, with some adjustments made due to doping violations.
China sailed through the crisis in the Strait of Hormuz relatively unscathed even as the impact of its steps shielded other consuming nations from having to pay high crude oil prices.
'...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.'
The Asian Development Bank (ADB) has revised down India's GDP growth forecast for fiscal year 2026-27 (FY27) to 6.6 per cent from an earlier 6.9 per cent, primarily attributing the change to elevated energy prices stemming from the Middle East conflict. Despite this moderation, India is still expected to remain the world's fastest-growing major economy.
