Fitch Ratings on Wednesday raised India's GDP growth forecast to 6.9 per cent for current fiscal year, from 6.5 per cent earlier, citing strong June quarter growth and domestic consumption-led demand.
'Nobody asked us to work on this. It was on our own that we decided to embark on this journey.'
The death toll included over 450 from intense heat wave last summer, according to the World Meteorological Organization.
Heatwave may abate over most parts of North India in next two days; temperatures likely to drop by 2-3C.
'If the US stagnates and falls into a recession, the dollar will weaken, oil prices will also dip. This augurs well for India.'
The Aam Aadmi Party (AAP) distanced itself from the Indian National Developmental Inclusive Alliance (INDIA) on Friday, saying it is not part of the opposition alliance anymore and questioning the Congress party's role in leading it.
This was a soaring evening that sent hearts aflutter and for a few brief moments we tasted the breath of pure freedom that has been missing in this country for the past several years.
Since February 2025, the RBI has reduced the policy rate by 100 basis points. In its previous policy review in June, it had trimmed the repo rate by 50 basis points to 5.5 per cent.
Home Minister Amit Shah stated in the Rajya Sabha that the terrorists responsible for the Pahalgam attack were killed in Operation Mahadev. He also criticized the Congress party's stance on national security.
There is increased risk for agriculture in India from the monsoon after drought ravaged the country in 2002, forecast the Summer Outlook report of Salomon Smith Barney made available Monday.
India is likely to experience below-normal monsoon rainfall this year, with a 20 per cent chance of drought due to the end of La Nina conditions and the potential for El Nino to take hold, private forecasting agency Skymet Weather said on Monday.
The BJP flayed Gandhi for "echoing" Trump's "dead economy" jibe at India, calling it a "shameful" insult to the aspirations, achievements, and well-being of the people of the country.
The government has identified 50 public-private partnership (PPP) projects worth over Rs 60,000 crore, significantly surpassing the original targets of the National Monetisation Pipeline, said Ports, Shipping, and Waterways Minister Sarbananda Sonowal at the Business Standard Infrastructure Summit on Thursday.
Tharoor led a multi-party delegation, visiting various countries, to apprise the world about India's stand against cross-border terrorism following Operation Sindoor, which was launched in retaliation against the ghastly Pahalgam terror attack that claimed 26 lives.
The India Meteorological Department (IMD) has predicted above-normal rainfall across India in June, with most parts of the country likely to experience normal to below-normal maximum temperatures. The IMD also anticipates above-normal minimum temperatures across most of the country, except for some parts of central India and the adjoining south peninsula. The southwest monsoon reached Kerala on May 24, marking its earliest arrival over the Indian mainland since 2009. The monsoon is crucial for India's agriculture-dependent economy, providing vital water for crops and supporting drinking water and hydropower generation.
The appliance makers expect a good churn in the festive season, led by the government's proposal to reduce the GST slab on air-conditioners from the current 28 per cent to 18 per cent, which will reduce the price from Rs 1,500 to Rs 2,500 depending on the models.
Opener to continue playing in Mumbai Ranji team
Opposition parties have agreed to the agenda of taking up a special discussion on the Pahalgam terror attack and Operation Sindoor on Monday in Lok Sabha and the next day in Rajya Sabha, brightening up the prospect of normalcy returning to Parliament after the virtual washout of first-week proceedings.
There has been intense speculation on whether Tharoor, who led the delegation to the United States among other countries, will be picked as a speaker by the Congress given that his enthusiastic endorsement of the government's action following the terror attack has soured his ties with tge party.
He clarified that though China has not announced any such move, but even if it happens, it would in fact help mitigate the annual Assam floods.
The government stated that Operation Sindoor was launched in response to a 'barbaric' attack by 'Pakistan-sponsored terrorists,' focusing on dismantling terror infrastructure and neutralizing terrorists likely to be sent across to India.
'...than by the calendar.' Indian travellers are no longer restricting their getaways to summer or winter holidays.
Experts question whether a cloudburst caused the recent flash flood in Uttarkashi, India, citing insufficient rainfall and other potential factors like ice chunks, rockfalls, or landslides.
India's annual oil import bill could rise by $9-11 billion if the country is compelled to move away from Russian crude in response to US threats of additional tariffs or penalties on Indian exports, analysts said. India, the world's third-largest oil consumer and importer, has reaped significant benefits by swiftly substituting market-priced oil with discounted Russian crude following Western sanctions on Moscow after its invasion of Ukraine in February 2022.
The Indian government has introduced a bill in the Lok Sabha to ban online games played with money, aiming to curb addiction, money laundering, and financial fraud. The bill also targets advertisements and financial transactions related to such games.
Fast-moving consumer goods (FMCG) companies, retail firms, and producers of consumer durables are witnessing stable urban demand. However, people in the trade are waiting for clearer signs of revival closer to the festival season, starting in September.
Rijiju also hit out at Congress leader Rahul Gandhi, saying that his own party MPs "get uncomfortable" when he speaks in Parliament and are apprehensive that he will do "anap-shanap baatein" and the party will have to bear the consequences.
Stepping up the heat on Justice Yashwant Varma, parliamentarians on Monday submitted notices to the presiding officers of the Lok Sabha and the Rajya Sabha for the removal of the Allahabad high court judge from whose residence in New Delhi burnt wads of currency notes were found.
One of Debashish Bhattacharya's most remarkable contributions is that he has taken the scope and foundation of the slide guitar, improvised it again and again, thereby designing and creating four entirely new guitars.
'I want to ask the entire nation and the opposition. Can a Chief Minister, Prime Minister, or any leader run the country from jail?'
S&P Global Ratings on Tuesday upped India's GDP growth forecast for the current fiscal to 6.5 per cent, citing lower crude prices, monetary easing and normal monsoon, and said the ongoing geopolitical tensions are unlikely to put a "significant pressure" on the rupee or inflation.
The opposition has been demanding a debate on Operation Sindoor -- the strike on terror sites in Pakistan by the Indian armed forces in response to the terrorist attack in Pahalgam on April 22.
Prime Minister Narendra Modi defended India's actions against terrorism, stating no country stopped India and criticizing the Congress party for not supporting the armed forces. He highlighted the success of Operation Sindoor and warned Pakistan against further misadventures.
The Congress party has voiced its opposition to the Special Intensive Revision (SIR) of electoral rolls in Bihar, calling it a 'Tughlaqi process'. The party stated that all options are open for the INDIA bloc to collectively decide on the issue.
With inflation comfortably below the Reserve Bank of India's (RBI's) 4 per cent median target and likely to undershoot its 3.7 per cent projection for 2025-26 (FY26), there is room for the monetary policy easing cycle to be sustained, the Finance Ministry said on Monday. The comments, featured in the ministry's Monthly Economic Review for June 2025, assume significance ahead of the Monetary Policy Committee (MPC) meeting of the Reserve Bank of India (RBI) scheduled to begin from August 5.
Equity investors would track global market trends, inflation data and trading activity of foreign investors for further cues this week, analysts said. Moreover, progress of monsoon and developments related to trade talks would also be monitored by investors, experts noted.
What was the aim of Operation Sindoor? Why was the operation halted so soon? asks Lieutenant General Prakash Katoch (retd).
On the other hand, Bharat Electronics, Kotak Mahindra Bank and Axis Bank were the laggards. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled higher.
INDIA bloc parties are set to raise issues such as the Pahalgam attack, US President Trump's claims of brokering a ceasefire, and concerns over electoral roll revisions in Bihar during the Parliament's Monsoon session.
The Asian Development Bank (ADB) on Wednesday lowered India's growth forecast for FY26 to 6.5 per cent from 6.7 per cent on account of trade uncertainty and higher US tariffs that are expected to impact exports and investment. Despite the downward revision from the April 2025 Asian Development Outlook (ADO), India remains one of the fastest-growing major economies in the world.
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