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).
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.
The Indian Medical Association (IMA) has issued a public health advisory on the seasonal surge in Influenza A (H1N1), or swine flu, urging people not to self-medicate with antibiotics and antivirals and advising immediate medical attention for severe symptoms.
Senior Congress leader Shashi Tharoor has articulated India's position on BRICS, advocating for it to be a "non-West, but not anti-West" platform, a stance he believes is crucial for India's national interest. He highlighted the prestige of hosting the BRICS summit, India's responsibility to represent the Global South, and the significance of bilateral meetings, particularly with China and Russia. Tharoor also addressed the strained India-China relations, citing border issues and trade leverage, and discussed the challenges within BRICS, including difficulties in achieving consensus on global issues and trade imbalances, while also considering the need for diversified international relations amidst unpredictable US sanctions.
A poor monsoon could drag overall economic growth and compound the impact of the West Asia conflict on the Indian economy.
The Congress party has criticised the government's recent notification regarding UPI transactions, alleging it paves the way for users to be charged fees, particularly for transactions above Rs 2,000. The party claims the government lacks transparency and questions if the move is to benefit American firms. The government, however, states that charges are necessary for the system's sustainability and infrastructure upgrades, with the Finance Minister clarifying that Merchant Discount Rate (MDR) applies to merchants, not customers.
Soaring above the mighty Chenab River, this record-breaking railway bridge is a sight to behold.
'In the wake of this tragedy, India will provide power to Nepal if and when the requirement for the same is communicated to India as per their needs.'
Congress leader Rahul Gandhi has accused the Modi government of quietly paving the way for imposing fees on UPI transactions, alleging it's a surrender to American pressure. The government's recent notification exempts charges only up to Rs 2,000, sparking concerns that higher value transactions and eventually all UPI payments could incur fees. Finance Minister Nirmala Sitharaman, however, clarified that Merchant Discount Rate (MDR) applies to merchants, not customers, and supports digital infrastructure.
Prime Minister Narendra Modi has called upon citizens to celebrate Independence Day with honour and pride, urging them to take a pledge for a developed India. This appeal comes amidst parliamentary sessions marked by protests from both ruling and opposition alliances.
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.
India's consumption stocks, which have outperformed the broader market, are now facing significant pressure due to a gradual rise in fuel prices and the potential for higher inflation. Analysts warn that companies may be forced to pass on increased input costs to consumers, potentially hurting demand across both staples and discretionary categories, with a looming threat of deficient monsoon rainfall further exacerbating inflationary concerns.
Members of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) have indicated that interest rate hikes may be necessary sooner rather than later, as headline inflation is projected to rise from its current benign levels in the coming months, according to the minutes of the August review.
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.
Despite repeated demands over the years, the proposal to develop Khudiram Bose's cremation ground in Muzaffarpur into a martyr park has yet to see the light of day due to official apathy.
Supreme Court Justice Ujjal Bhuyan critically examined police conduct in India, raising serious concerns about alleged assaults on protesters, custodial torture, and the urgent need for comprehensive police reforms to uphold human rights and the rule of law.
'A favourable base, last year's policy measures, the carryover impact of a good monsoon and improving earnings should all help.'
Indian stock market benchmark indices, Sensex and Nifty, saw significant gains in early trade, driven by a sharp decline in crude oil prices and easing geopolitical tensions, alongside renewed foreign fund inflows.
Passenger vehicle sales in India are estimated to have surged by nearly 25 per cent in June 2024, reaching approximately 4 lakh units, with Maruti Suzuki, Tata Motors PV, and Mahindra & Mahindra leading the growth, despite concerns over geopolitical tensions and monsoon impact.
'The ethanol blended with petrol programme should not be halted or reconsidered.' 'India is not experiencing a structural sugar shortage, and the ethanol blending roadmap does not compete with food security or drive domestic price increases.'
Prime Minister Narendra Modi lauded young Indian innovators for the country's first privately developed orbital rocket, Skyroot Aerospace's Vikram-1, which made India the third nation with private orbital launch capabilities. While praising the 28-year-old average age of the Skyroot team, Modi made a veiled remark about a "56-year-old young man," widely understood to be a dig at Congress leader Rahul Gandhi, who recently turned 56.
The Indian government has confirmed its readiness for a Lok Sabha debate on the ongoing student protests and police action, with Union Home Minister Amit Shah set to address the concerns, particularly those related to the NEET paper leak issue.
Congress leader Rahul Gandhi has written to Jharkhand Chief Minister Hemant Soren, urging him to personally meet with student representatives protesting irregularities in state recruitment examinations. Gandhi stressed the legitimacy and peaceful nature of the students' demands, highlighting the Congress party's support for their right to protest.
The Reserve Bank of India (RBI) has maintained its benchmark policy rate at 5.25 per cent for the fourth consecutive meeting, prioritising clarity on inflation trends, particularly concerning energy costs and geopolitical developments.
Senior Congress leader P Chidambaram responded to Prime Minister Narendra Modi's "dimagi naxal" remark by stating he is "proud to be a dimagi naxal". Modi had warned against "dimagi naxals" who manipulate policies and promote violence, despite the success in curbing armed Naxalism. Chidambaram's comment came after Modi's Independence Day speech where he highlighted the threat posed by ideological supporters of Naxalism.
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.
'During the hot season (April to June), above-normal minimum temperatures are likely over most parts of the country, except in some regions of Maharashtra and Telangana, where minimum temperatures are expected to be normal to below normal,' IMD said.
The Small Animal Hospital, which provides world-class treatment to pets and strays alike, continues Ratan Tata's legacy.
The Indian Parliament remains deadlocked as the Opposition, led by the Congress, insists on Prime Minister Narendra Modi's reply to discussions on alleged donation theft at the Ram temple in Ayodhya and student protests, rejecting the government's offer for Home Minister Amit Shah to respond.
'Healthy double-digit returns are still possible, though a sharp rally is unlikely.'
Bharatiya Janata Party leaders and seers have filed police complaints and FIRs against Rahul Gandhi, Pappu Yadav, and Awadhesh Prasad for a skit performed in Parliament, alleging it mocked Sanatan culture and ridiculed Indian traditions concerning Ram Temple donations.
India Inc's first-quarter earnings season was significantly impacted by the West Asia conflict, leading to rising costs, calibrated price increases, and margin pressures across various sectors including FMCG, automotive, steel, and cement. Companies are implementing price hikes to protect profitability, with many anticipating further escalations if input costs remain elevated.
Over 14,000 members of the academic and scientific community have petitioned Lok Sabha Speaker Om Birla, seeking intervention against Congress MP Priyanka Gandhi Vadra's "gau mutra expert" remark concerning IIT Madras Director V Kamakoti during parliamentary proceedings. The petition calls for the withdrawal of the derogatory expression, arguing it undermines the dignity of an eminent scientist and the institution he leads, and urges for respectful democratic discourse.
Prime Minister Narendra Modi has appealed to opposition parties to support the delimitation-linked Women's Reservation Bill, highlighting its 40-year struggle. The bill aims to provide 33 per cent reservation for women in legislatures and increase Lok Sabha seats, requiring a two-thirds majority for passage. Despite previous setbacks and ongoing efforts to secure numbers, the government continues to push for this crucial legislation.
Actor-politician Kangana Ranaut has made a significant U-turn, praising Gen Z as India's biggest strength and ambassadors of culture, days after controversially labelling them 'generation gutter.' Her new stance aligns with RSS chief Mohan Bhagwat's recent comments advocating for hearing out young protesters.
Opposition MPs, including Rahul Gandhi and Mallikarjun Kharge, staged a symbolic protest in Parliament, enacting the "theft" of Ram Temple donations. The INDIA bloc demanded Home Minister Amit Shah's resignation and questioned his absence, also protesting police action against student agitators.
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.
Fitch Ratings has affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, acknowledging robust growth prospects and strong external finances. However, the agency highlighted concerns over elevated government debt, lagging structural metrics, and potential fiscal spending pressures due to rising youth unemployment.
Kangana Ranaut has sparked fresh controversy by declaring her intention to "convert" to an "awakened Hindu" ideology, aligning with BJP and RSS.
