Total automobile retail sales in India surged by 25.89 per cent year-on-year to 25,91,138 units in July, driven by GST rationalisation, ease of retail finance, and favourable festival timing, according to the Federation of Automobile Dealers Associations (FADA). This marks the first time all vehicle categories recorded their best-ever July sales.
Congress leader Shashi Tharoor has clarified his recent remarks about Rahul Gandhi's 'Chhatron ki goonj' programme and the Cockroach Janata Party's protest, stating that the media misinterpreted his comments as an attack on his party or its leadership. He insisted he was advocating for political parties to engage more with the next generation.
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.
Cricketer-turned-politician Harbhajan Singh revealed in a podcast interview that his decision to switch from the Aam Aadmi Party (AAP) to the Bharatiya Janata Party (BJP) stemmed from the AAP government's alleged neglect of his concerns regarding drug abuse and sports promotion in Punjab.
The India Meteorological Department (IMD) has predicted below normal monsoon rains for India this year, citing the potential emergence of El Nino conditions. This could significantly impact the country's agriculture-dependent economy.
Several districts in Uttar Pradesh experienced rainfall, with Kanpur City recording the highest precipitation. The India Meteorological Department reported a drop in temperatures across the state, including Lucknow, and issued a forecast for continued rain in western UP.
The DMK has been charting an independent course from the Congress-led Opposition bloc on contentious issues during the Monsoon Session, including not joining a walkout over the anti-paper leak bill and participating in a debate on the National Honour Bill, signalling growing fault lines within the Opposition.
The Centre has reviewed the monsoon situation, noting a reduced rainfall deficit and ongoing preparedness for the kharif season amidst El Nino concerns. A high-level meeting chaired by the Principal Secretary to the Prime Minister discussed measures across various sectors, emphasising continuous monitoring and coordinated action to mitigate potential impacts on agriculture, water resources, and essential commodities.
State-run Oil and Natural Gas Corporation (ONGC) Ltd reported a 112 per cent year-on-year increase in standalone net profit for Q1 FY27, reaching 17,034 crore, primarily due to higher crude oil prices and increased realisations from new well gas. Despite a consolidated net profit decline due to HPCL's losses, ONGC's core upstream business showed robust growth.
Analysts predict that the US-Iran geopolitical conflict, upcoming quarterly earnings announcements, and fluctuations in crude oil prices will be the primary drivers of investor sentiment in the Indian equity markets.
Thousands of protesters, including children, students, and the elderly, gathered in central Delhi for the Cockroach Janta Party's 'Chalo Sansad' march towards Parliament. The protest, coinciding with the Monsoon Session, led to clashes with police, who used tear gas and lathi-charge, resulting in injuries to both sides and suspension of internet services. Despite police action and barricades, protesters repeatedly attempted to reach Parliament, leading to a day-long standoff.
India's automobile retail sales surged by 21.83 per cent year-on-year in June, reaching 25,57,234 units, marking the best June ever recorded across all segments, according to the Federation of Automobile Dealers Associations (FADA).
Opposition parties disrupted Lok Sabha proceedings on the opening day of the Monsoon Session, leading to multiple adjournments. Protests focused on the alleged NEET paper leak and Ram temple donation theft issues, with demands for Education Minister Dharmendra Pradhan's resignation. The House was eventually adjourned for the day after repeated appeals for order failed.
Lok Sabha Speaker Om Birla has approved the merger of six Shiv Sena (UBT) MPs with the Eknath Shinde-led Shiv Sena and allowed separate seating for 20 rebel TMC lawmakers who joined the Nationalist Citizens Party of India (NCPI), ahead of the Monsoon session.
The India Meteorological Department has issued a red alert for Mumbai, Thane, Palghar, and Raigad districts for Saturday and Sunday, forecasting extremely heavy rainfall. Mumbai has already experienced significant rainfall this week, and the alert indicates continued severe weather conditions, potentially disrupting normal life.
India's hydropower generation has been significantly constrained in July due to the El Nio effect, which has weakened the southwest monsoon and reduced reservoir levels. This decline, following a 21 per cent year-on-year drop in June 2026, is forcing greater reliance on coal generation and straining grid flexibility amidst rising power demand.
The Shiromani Akali Dal (SAD) has called for the immediate passage of the women's reservation bill and the delimitation bill, advocating for a uniform 50 per cent increase in seats for all states to ensure fair and equitable representation.
India's retail inflation rose to 4.38 per cent in June, driven primarily by costlier food items, pushing it above the Reserve Bank of India's median target of 4 per cent for the first time under the new series.
Congress leader Rahul Gandhi on Monday dubbed Prime Minister Narendra Modi as the "most anti-youth" PM in the country's history as he accused the government of not just failing the youth but also pouncing on them.
The Mumbai civic body declared a holiday for schools and colleges in the afternoon session following an India Meteorological Department (IMD) red alert for extremely heavy rainfall. Citizens have been advised to stay indoors unless necessary, as the city continues to experience significant monsoon downpours, with some areas receiving over 100 mm of rain.
Defence Minister Rajnath Singh has expressed serious concern over ongoing student protests in Delhi, accusing the opposition of using them as a 'political tool' to further their interests. He urged opposition parties to raise issues in Parliament rather than on the streets, amidst demonstrations against the NEET paper leak.
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.
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."
The monthly average rainfall over India is expected to be below normal during July, the India Meteorological Department said on Tuesday in its monthly forecast.
India's Commonwealth Games 2026 medal winners, Gulveer Singh and Harjinder Kaur, received widespread praise from top Indian leaders including President Droupadi Murmu, Vice-President CP Radhakrishnan, Defence Minister Rajnath Singh, and Lok Sabha Speaker Om Birla. Gulveer Singh made history by becoming the first Indian to win a medal in the men's 10,000m event, while Harjinder Kaur secured a silver in weightlifting. Their achievements were hailed as moments of national pride and inspiration for future athletes.
Fitch Ratings forecasts a 9 per cent aggregate revenue increase for rated Indian corporates in the current fiscal year (FY27), a stronger outlook compared to the 5 per cent estimated for FY26, which is expected to keep credit metrics stable despite potential global and domestic challenges.
After six days of stalemate, a discussion on the anti-paper leak bill began on Tuesday in Lok Sabha with the government describing it as a reaffirmation of ruling dispensation's commitment to safeguard the welfare of students but opposition hit back over the lathi-charge on protesters, saying every blow on them hurt the government's prestige more than the backs of the youth.
'Our leaders, including Mallikarjun Kharge and Rahul Gandhi, are in touch with all Opposition parties, including the DMK and the AAP.'
The heavy rains that have battered Kerala since August 1 have claimed 25 lives, left four people missing, injured 10 and damaged hundreds of properties, forcing thousands to seek shelter in relief camps, the state government said on Tuesday.
Not a single retail outlet ran dry. Every household that wanted a cylinder got one. India faced neither a 1991 moment nor a 2013 one. Macroeconomic stability held. This was not an accident, and it was not luck alone. It was the work of a government that chose to act as it had during the pandemic -- deliberately and gradually, building one measure upon another rather than reaching for a single dramatic lever, explains V Anantha Nageswaran, chief economic advisor to the Government of India.
The Lok Sabha introduced four significant bills on Monday, including amendments to mines and minerals regulations, the establishment of a National Tribunals Commission, and the renaming of Kerala to Keralam, all while facing continuous protests from opposition members demanding a discussion on the July 20 police crackdown on students.
The Supreme Court refused an urgent hearing for a plea challenging police action against students during a protest march in Delhi. The Chief Justice of India declined to review video evidence of alleged police brutality, stating the court was not interested in watching videos. The protest, led by the Cockroach Janta Party, saw thousands of students demanding the resignation of Union Education Minister Dharmendra Pradhan over alleged examination irregularities, leading to clashes with security personnel.
Heavy rainfall has caused severe waterlogging across Mumbai, disrupting traffic and daily life. The India Meteorological Department issued a red alert for Mumbai and surrounding districts, advising precautions. Specific areas recorded over 200 mm of rainfall, and the IMD forecasts continued heavy rains for the Konkan region, Goa, South Gujarat, Odisha, and Central India.
Lok Sabha MP Sudip Bandyopadhyay's closed-door meeting with West Bengal Chief Minister Suvendu Adhikari, just before NCPI MPs were to attend an NDA meeting, has ignited speculation about the Nationalist Citizens Party of India's political future and its potential alignment with the BJP-led alliance. The NCPI comprises 20 rebel TMC MPs who broke away after the West Bengal Assembly election.
Commerce Minister Piyush Goyal announced that the legal scrubbing of the India-EU Free Trade Agreement (FTA) text is expected to be completed within 10-12 days, with the final deal anticipated to be signed by December 31.
Amid renewed speculation about political realignments and a potential merger, senior leaders from two Nationalist Congress Party (NCP) factions met Maharashtra Chief Minister Devendra Fadnavis. NCP (SP) working president Supriya Sule clarified her party's position on the proposed Delimitation Bill, stating that while a uniform 50 per cent increase in seats across states would be hard to oppose, any final decision would be made after discussions within the INDIA bloc.
'The market is currently neither cheap enough to be exciting about nor expensive enough to worry about.'
Cockroach Janta Party (CJP) founder Abhijeet Dipke on Sunday urged its supporters to gather at the Jantar Mantar in large numbers ahead of its proposed 'Sansad Chalo' march on Monday, claiming that there could be a police crackdown on the protest.
Prime Minister Narendra Modi announced that a new bill with stringent provisions against paper leaks will be introduced in Parliament next week. The Union Cabinet will finalise the legislation, which aims to address the pain caused to students by such incidents, citing recent actions taken regarding the NEET paper leak and the establishment of fast-track courts.
The Congress on Sunday launched a scathing attack on the Bharatiya Janata Party over the alleged theft of donations at the Ram temple in Ayodhya, saying not everyone in the BJP is a "chhanda chor" but all the "chhanda chors" are in the ruling party.
