Amazon CEO Andy Jassy met Prime Minister Narendra Modi and announced the company's intention to invest an additional USD 13 billion in India by 2030, focusing on expanding AI and cloud infrastructure.
India's electric vehicle market achieved a significant milestone in June 2026, accounting for over 12% of total vehicle retail sales for the first time. This growth, driven by strong demand across electric two-wheelers, passenger vehicles, and commercial vehicles, saw overall EV retail sales surge by 63% year-on-year to a record 306,220 units, indicating a mainstream shift in mobility.
The National Financial Reporting Authority (NFRA) has commenced an investigation into Rajesh Exports concerning a 15.15 trillion financial misstatement, following a referral from market regulator Sebi.
Dilip Buildcon Ltd, the contractor for the Anakkampoyil-Kalladi-Meppadi road tunnel project in Wayanad, attributed a recent fatal landslide to exceptionally heavy rainfall. The company stated that the project adheres to all safety and environmental protocols, despite allegations from Kerala Ministers of a "man-made disaster."
A new study projects that by 2100, only 38% of the world's population will reside in large cities, a significant reduction from previous estimates. This revised projection is based on a newly discovered urban life cycle, where the growth rate of large cities slows down as countries become more urbanised, contrasting with the rapid growth seen in less urbanised regions. The research highlights the importance of understanding these dynamics for future infrastructure and climate adaptation planning.
The population is gripped by anxiety against arbitrariness and the cruelty of a state that sells its actions as minimum government, asserts Aakar Patel.
E-commerce major Flipkart has announced significant appointments to its technology leadership team, bringing in experts in artificial intelligence, data science, fintech, and core engineering. These strategic hires, including Goda Ramkumar, Mohan Palisetti, and Nitesh Jain, are aimed at strengthening Flipkart's capabilities in these critical areas to better serve India's expanding digital consumer and seller base.
E-commerce major Flipkart has announced significant appointments to its technology leadership team, bringing in experts in artificial intelligence, data science, fintech, and core engineering. These strategic hires, including Goda Ramkumar, Mohan Palisetti, and Nitesh Jain, are aimed at strengthening Flipkart's capabilities in these critical areas to better serve India's expanding digital consumer and seller base.
A year after the tragic Air India flight AI-171 crash in Ahmedabad claimed 260 lives, grieving families are still waiting for the final probe report, with investigators yet to release conclusive findings on the disaster's cause.
Indian companies' overseas expansion plans are holding strong despite geopolitical tensions in West Asia, driven by structural factors like supply-chain diversification, free trade agreements, and market expansion, according to Ajay Sharma, managing director and head of banking at HSBC India.
Heavy rainfall of 600 mm in 24 hours triggered multiple landslides in the Karjat-Lonavala Ghat section on the Mumbai-Pune line, severely disrupting rail traffic and leading to cancellations, diversions, and short-terminations of numerous trains.
The police investigating the Pune realtor Ketan Agarwal murder case will conduct a "gait analysis" of accused Chetan Chaudhary and are also planning to compare the CCTV footage capturing his movements at the Lohagad Fort with a recreated video, a court was informed on Monday.
Indian benchmark indices Sensex and Nifty extended their winning streak to a fourth consecutive day, driven by strong buying in blue-chip bank stocks and a decline in global crude oil prices. Fresh foreign fund inflows also contributed to the optimistic sentiment in the domestic equity market.
Foreign investors have largely been exiting one part of the market while domestic investors have been enthusiastically accumulating another, points out Debashis Basu.
Tax collection so far has been encouraging, with net direct tax receipts reaching Rs 5.21 trillion by June 17, nearly a 15 per cent increase compared to the same period last year.
'Once the numbers come out, they fear that the OBCs would start to demand, and articulate what they are lacking, why they are lacking and what should be done to go forward.'
Tax treatment depends on the activity and manner of earning income.
CAT expert Patrick Dsouza tells you how to modify your study time and strategy to be ready for the Common Admission Test 2026.
India's foreign exchange reserves saw a substantial decline of USD 9.985 billion, reaching USD 671.625 billion for the week ended June 12, primarily driven by a sharp decrease in gold reserves, according to the Reserve Bank of India (RBI).
India's Goods and Services Tax (GST) collections saw a significant 14 per cent increase in June, reaching approximately Rs 1.95 lakh crore. This surge was primarily driven by a substantial 34.6 per cent growth in tax mop-up from imports, alongside a 6.5 per cent rise in domestic supplies, reflecting the country's economic resilience despite global uncertainties.
Analysts predict that developments in West Asia, their impact on crude oil prices, and the trading activity of foreign institutional investors (FIIs) will be crucial factors influencing the Indian stock market this week.
Karnataka Power Transmission Corporation Limited (KPTCL) has successfully deployed advanced drone technology for inspecting high voltage transmission corridors, leading to an 85 per cent reduction in power outages. This initiative has improved operational efficiency, workforce safety, and enabled precise fault detection and predictive maintenance across over 11,000 transmission towers and 3,370 km of lines.
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.
The National Financial Reporting Authority (NFRA) has initiated a probe into Rajesh Exports following capital markets regulator Sebi's findings of Rs 15.5 lakh crore in revenue misstatements. NFRA chairperson Nitin Gupta also emphasised the critical need for genuine board independence in promoter-driven companies and human oversight in financial reporting, especially with the increasing integration of AI.
The National Financial Reporting Authority (NFRA) has initiated a probe into Rajesh Exports following capital markets regulator Sebi's findings of Rs 15.5 lakh crore in revenue misstatements. NFRA chairperson Nitin Gupta also emphasised the critical need for genuine board independence in promoter-driven companies and human oversight in financial reporting, especially with the increasing integration of AI.
Tata Motors expands its market leadership in India's electric passenger vehicle (ePV) segment, capturing 39 per cent of the market in Q1FY27, while simultaneously strengthening its position as the nation's second-largest carmaker amidst fierce competition and rapid market growth.
15 states have rolled out unconditional cash transfer schemes for women, with an estimated annual outlay of around Rs 1.7 trillion covering nearly 120 million beneficiaries.
IIT Ropar's ANNAM.AI, in collaboration with Syngenta and Google, has launched 'HACK CORE 2026', a national AI hackathon. It invites innovators to develop AI-driven solutions for critical agricultural challenges like crop health, pest management, and climate-resilient farming, offering significant prizes and mentorship.
'It will take a long time to recover from the impact of this war.'
After a subdued start, the southwest monsoon has gathered pace since the beginning of July, narrowing the cumulative rainfall deficit from nearly 30 per cent on June 30 to around 15 per cent as of July 8.
Indian benchmark indices, Sensex and Nifty, rebounded in early trade after two days of decline, driven by positive global market trends and strong buying in auto stocks. This recovery follows a robust performance in US markets and a rally in Asian markets, particularly Japan's Nikkei, fueled by AI-driven technology optimism. Track Sensex, Nifty on July 1.
The India Meteorological Department has issued a red alert for Mumbai, forecasting extremely heavy rainfall and gusty winds over the weekend. The city has already experienced over 100 mm of rain in the last 24 hours, leading to delays in local train services, though public transport remains operational.
Adani group on Tuesday announced a $100 billion investment to develop hyperscale, artificial intelligence (AI)-ready data centres powered by renewable energy by 2035. The initiative is expected to catalyse an extra $150 billion in investment across server manufacturing, electrical infrastructure, Cloud platforms, and supporting industries over the next decade.
Indian benchmark indices, Sensex and Nifty, experienced a decline in early trade due to uncertainty surrounding the upcoming US-Iran negotiations in Doha. Foreign fund outflows and a dip in major IT stocks further contributed to the market's cautious sentiment, despite mixed performance in global markets.
Despite BEST employees calling off their indefinite strike, Mumbai's bus services remained significantly below normal on Monday morning, with only 57% of the scheduled fleet operational. Commuters experienced long waits, leading many to seek alternative transport. The strike ended after an agreement with Deputy CM Eknath Shinde, which included interim pay hikes and commitments for future improvements and clearing dues.
The Pakistan Cricket Board (PCB) has launched a new central contracts system, categorising players based on their specialisation in red-ball, white-ball (ODI/T20), and T20/franchise cricket. This new structure aims to provide clear pathways, improve financial benefits for red-ball players, and ensure transparency in selection through data analysis.
Clearances include next-gen air defence, anti-tank missiles, anti-drone systems, loitering munitions, and naval UAVs.
Mumbai and Pune are grappling with severe monsoon weather, triggering an 'orange' alert, widespread disruptions, school closures, and tragic fatalities from landslides and wall collapses.
Benchmark equity indices Sensex and Nifty ended lower on Monday as renewed hostilities between the US and Iran and rising oil prices unnerved investors. The 30-share BSE Sensex declined 372.10 points, or 0.48 per cent, to settle at 76,728.37.
Mumbai experienced over 100 mm of rainfall in 24 hours, leading to significant waterlogging in areas like the Andheri subway and causing traffic diversions. Suburban train services faced delays, and a snapped overhead wire disrupted Harbour line operations. Various parts of the city, including eastern and western suburbs and the island city, recorded heavy downpours.
