Indian benchmark indices Sensex and Nifty closed marginally lower due to profit-taking, following the Reserve Bank of India's decision to keep the repo rate unchanged while lowering its growth expectations for the current fiscal year and forecasting higher inflation.
Gurugram police have dismantled an interstate illegal arms network, arresting its alleged mastermind, Jagat Singh, in Madhya Pradesh. Singh, who has a history of 14 cases, is accused of manufacturing and supplying illegal firearms across multiple states for nearly three decades.
The famed Ambubachi Mela at Kamakhya temple in Guwahati is set to begin, with the administration expecting around eight lakh devotees over the next four days. The temple doors will close on Monday night for the 'prabritti' period, symbolising the annual menstrual cycle of Goddess Kamakhya, and reopen on June 26.
Foreign Portfolio Investors (FPIs) have withdrawn nearly Rs 43,000 crore from Indian equities in the first week of June, contributing to a total outflow of Rs 2.67 lakh crore in 2026, driven by a global shift towards technology and AI-linked opportunities and persistent rupee depreciation.
Industry bodies representing alcoholic beverage manufacturers have welcomed the India-UK Free Trade Agreement (FTA), which will see tariffs on UK whisky and gin reduced, boosting bilateral trade and supporting premiumisation. However, domestic manufacturers are calling for state governments to withdraw concessions currently enjoyed by imported liquor brands.
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.
'We thought everything will be back to normal within one month. Now it's four months and still a final solution is miles away.'
Indian stock market benchmark indices, Sensex and Nifty, experienced declines in early trade due to escalating tensions between the US and Iran, which led to a surge in crude oil prices and weak global equity trends.
'When I look at India's relative valuations, these are by far the lowest I have seen in my 35-year career.' 'The relative 12-month trailing performance is among the weakest I have seen, and foreign investor positioning is at a 16-17 year low.'
Jio Platforms managing director Akash Ambani announced plans for Jio to develop a sovereign Low Earth Orbit (LEO) satellite constellation and partner with global providers to extend connectivity to remote areas of India, aiming to strengthen India's self-reliance in space.
'It shows that access to these technologies cannot be taken for granted.'
Pakistan's security forces have killed 27 militants linked to Fitna al-Khawarij in intelligence-based operations in North Waziristan. The operations targeted militant hideouts, recovered weapons, and avenged the killing of a local figure, reaffirming the state's commitment to eradicating terrorism under the Azm-e-Istehkam campaign.
A Bangladeshi national, Zahid, who had been absconding for 17 years and carried a reward of Rs 25,000, has been arrested in Saharanpur by a joint team of police and the Anti-Terrorism Squad (ATS). He was wanted in a 2009 case under the Foreigners Act and was found with a fake Aadhaar card and other suspicious documents.
The Delhi high court has ordered social media companies and online service providers to remove 'false' information circulating online about Indian judges and Union ministers allegedly participating in a badminton tournament in London at taxpayers' expense. The court deemed the content malicious and a systematic misinformation campaign aimed at undermining the judiciary and executive.
Bengaluru police have arrested eight individuals, including a foreign national, for allegedly selling drugs in the city. The operation resulted in the seizure of drugs, vehicles, and other items worth Rs 27.42 crores.
Punjab Police have dismantled a cross-border illegal arms smuggling and hawala network, arresting four individuals, including an Afghan national. Eight sophisticated pistols and live cartridges were recovered, with investigations ongoing to uncover further links to the foreign-based operation.
US President Donald Trump has lauded a newly announced peace deal between the United States and Iran, predicting it will bring "peace and security" to West Asia and facilitate the reopening of the strategically vital Strait of Hormuz.
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.
Indian benchmark indices, Sensex and Nifty, extended their winning streak for a fourth consecutive session, driven by a significant drop in crude oil prices following a peace deal between the US and Iran. This development has fuelled investor confidence and buying activity across the market.
Police in Ratlam, Madhya Pradesh, have registered a case against a hotel owner and manager for allegedly failing to report the month-long stay of four Chinese nationals as required by Indian law.
Batting-order flexibility has become a key factor in modern white-ball cricket, and former India all-rounder Vijay Shankar believes players who can seamlessly adapt to different roles are increasingly valuable in a format driven by situational demands.
Punjab Police apprehended two associates of a foreign-based terror operative in Mohali, foiling a plot to target critical public infrastructure and recovering an Improvised Explosive Device (IED).
Mukesh Ambani, Chairman of Reliance Industries, has called upon India's engineering talent to spearhead Jio's ambitious artificial intelligence initiative. He emphasized India's role as a creator and global leader in AI, not just a consumer, outlining the execution phase of Reliance Intelligence with partnerships and a focus on developing affordable, language-fluent AI for all Indians.
Iran's Deputy Foreign Minister Kazem Gharibabadi confirmed a peace deal with the United States, stating that Tehran will enter a 60-day negotiation period only after verifying Washington's commitments to ending hostilities, lifting the blockade, and releasing Iranian assets.
Much will depend on how the protagonists use the current interlude to work proactively for the beginning of a durable settlement or, on the contrary, prepare for a new round of escalation, points out Ambassador M K Bhadrakumar.
A peace deal between the US and Iran, set to be signed in Geneva, faces significant hurdles over the release of Iran's USD 12 billion in frozen assets, with conflicting reports from both sides on the conditions for their release.
The National Stock Exchange (NSE) is expected to file its preliminary IPO papers with Sebi next week, marking a significant step forward for the long-awaited public offering which has been delayed for nearly a decade due to regulatory issues.
The World Bank has increased India's economic growth projection for FY27 to 6.6 per cent, citing resilient domestic demand, while simultaneously cutting its global economic growth outlook due to the conflict in West Asia.
NITI Aayog member Abhay Karandikar stated that the US government's new export controls, which led AI giant Anthropic to take its latest models offline, underscore the critical need for India to achieve self-reliance in technology development, particularly in AI infrastructure and hardware.
A sovereign cloud, our own DNS root and Root CA, a defence-led research base that builds for keeps, and a real national cybersecurity strategy that outlives electoral cycles are not vanity projects. They are the difference between a nation that can be switched off and one that cannot, points out Venkata Satish Guttula.
The body of Shivanand Chaurasia, an Indian seafarer killed in a US military attack on a commercial vessel near the Oman coast, has reached his native village in Deoria. His family is demanding significant ex gratia compensation, a government job, and martyr status, refusing to perform last rites until their demands are addressed.
The Enforcement Directorate has launched a foreign exchange violation investigation against Vedanta Group, conducting searches at its premises in multiple locations.
Punjab Police's State Special Operations Cell (SSOC) in Mohali has arrested two individuals linked to a foreign-based terror operative and recovered a fully assembled RDX-based Improvised Explosive Device (IED), thwarting a major terror conspiracy.
Indian benchmark indices Sensex and Nifty closed flat, paring early gains due to renewed hostilities between the US and Iran, which unsettled investor sentiment and led to profit booking in metal, oil & gas, and telecom shares.
Sagiv Steinberg, CEO of the Jerusalem Center for Security and Foreign Affairs (JCFA), described the recent US-Iran peace agreement as a temporary 60-day ceasefire, not a genuine peace deal, suggesting it's timed for the upcoming US midterm elections.
Formerly Iran's second-largest oil customer, Indian financial institutions were forced to withhold crude oil payments following the 2018 US sanctions.
Gurugram police have launched a special verification drive to identify and take legal action against Bangladeshi nationals residing unlawfully in the city. The campaign involves checking documents in various residential and commercial areas, with an appeal for public cooperation.
Indian benchmark indices, Sensex and Nifty, closed almost flat in choppy trade as investors remained cautious due to ongoing uncertainty in West Asia, relentless foreign fund outflows, and anticipation of the RBI's monetary policy decision.
US President Donald Trump has unveiled a newly refurbished Boeing 747-8i, previously owned by Qatar, which will serve as the new Air Force One. This luxury jet, featuring a red, white, and navy blue livery, replaces the older aircraft and will act as a "bridge" until new planes from Boeing are delivered by 2028. The aircraft underwent significant security modifications and is set to begin commissioning flights soon.
The US and Iran have agreed on a roadmap aimed at reaching a final agreement within 60 days after hours-long talks at the Swiss resort of Burgenstock, mediators Qatar and Pakistan said on Monday, describing the progress as "encouraging."
