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.
The meeting comes amid the speculation that the Sharad Pawar led NCP may join the ruling alliance.
New Delhi organisers are confident of delivering a 'world-class spectacle' for the upcoming Badminton World Championships, having addressed previous concerns regarding venue cleanliness, air quality, and animal control that marred the India Open earlier this year.
Home Minister Amit Shah has offered to hold a comprehensive debate in Parliament on student protests and other pressing issues, but Congress leader Rahul Gandhi has swiftly rejected the proposal, demanding accountability for actions against students.
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.
Top BJP leaders, including Home Minister Amit Shah and party president Nitin Nabin, met at PM Modi's residence ahead of the Parliament's Monsoon session, amidst speculation of a party and cabinet reshuffle.
Trinamool Congress MP Kalyan Banerjee has been suspended from the Lok Sabha for the remainder of the Monsoon session due to his use of "unsavoury" language against women members during a heated exchange with NCPI members.
Activist Sonam Wangchuk's wife, Gitanjali J Angmo, announced that Wangchuk would end his indefinite hunger strike if political leaders assure him that education accountability will be a focus of the upcoming Monsoon Session of Parliament. Wangchuk, currently admitted to Safdarjung Hospital, continues his fast, demanding action against the alleged NEET paper leak and broader education reforms.
ITC reported a 16.2 per cent year-on-year drop in consolidated net profit to 4,394.13 crore in Q1 FY27, primarily due to a significant increase in taxes on its cigarette business. Consolidated net revenues also declined by 11.1 per cent to 19,114 crore, missing analyst estimates.
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.
Kartik Aaryan's Rs 1 crore donation for Assam flood relief was acknowledged by Assam Chief Minister Himanta Biswa Sarma.
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.
A poor monsoon could drag overall economic growth and compound the impact of the West Asia conflict on the Indian economy.
Activist Sonam Wangchuk urged Devendra Nath Mahto, who is on a hunger strike against alleged irregularities in Jharkhand recruitment examinations, to drink water, which Mahto heeded. This comes as other protesters also began an indefinite hunger strike, intensifying demands for the cancellation of the 14th Jharkhand Public Service Commission examination and a CBI inquiry.
The Delhi Police has strongly defended its use of force during the 'Chalo Sansad' protest on July 20, telling the Supreme Court that the agitation was 'hijacked by anti-social elements and history-sheeters,' leading to law and order breakdown and over 240 police personnel injuries.
The Lok Sabha stalemate is expected to conclude as Speaker Om Birla has secured an agreement from all political parties to discuss the Public Examination (Prevention of Unfair Means) Amendment Bill 2026. This bill proposes stricter punishments, including up to 10 years in jail and a Rs 50 lakh fine, for paper leak offences, following recent nationwide student protests over the NEET fiasco.
The NDA's parliamentary party meetings will now be known as 'Mangal Milan', with the first under this new name scheduled for July 21. This change was informally discussed in the Union cabinet. Additionally, the newly formed Nationalist Citizens Party of India (NCPI), comprising 20 MPs who defected from the TMC, is seeking formal recognition and parliamentary facilities, including a party office and designated floor leaders.
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.
Parliamentary Affairs Minister Kiren Rijiju met Leader of Opposition Rahul Gandhi to discuss resolving the persistent deadlock in the Lok Sabha's monsoon session, focusing on the Delimitation Bill and FCRA Bill, though no immediate commitment was secured from the Congress leader.
Students and job aspirants in Jharkhand, protesting alleged irregularities in recruitment exams, have formed an 11-member delegation to engage in talks with the state government. This decision follows Chief Minister Hemant Soren's offer for dialogue to resolve the ongoing impasse, which includes demands for exam cancellation, an independent probe, and comprehensive reforms in the JPSC and JSSC.
Prime Minister Narendra Modi held a breakfast meeting with 37 BJP MPs, including recent AAP defectors, where he emphasised the importance of smooth parliamentary proceedings. He also advised MPs on taking their roles seriously, utilising the Parliament library, engaging with youth, and effectively implementing MPLADS.
'The BJP has all the instruments with them and they do have a sense of purpose, so I don't think there will be a challenge.'
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.
Delhi Police has significantly increased security across New Delhi ahead of the Monsoon session of Parliament and a proposed "Chalo Sansad" march by the Cockroach Janta Party (CJP). Additional personnel, barricades, and vehicle checks are in place, with authorities stating no permission has been granted for the march. The heightened vigil follows CJP founder Abhijeet Dipke's hunger strike and activist Sonam Wangchuk's call for the July 20 march from the hospital.
Prime Minister Narendra Modi on Friday expressed concern over the repeated disruptions of parliamentary proceedings, stating that due to the turmoil in the House, the country has been unable to listen to the talented MPs elected in recent times.
The Congress party has issued a whip to its MPs in both the Rajya Sabha and Lok Sabha, mandating their presence from August 10-12 for discussions on "very important" issues. This directive comes amidst reports of potential debates on the Foreign Contribution (Regulation) Amendment Bill, 2026, and a Constitution Amendment Bill concerning delimitation, though the government's official business list did not explicitly mention these.
Union Education Minister Dharmendra Pradhan criticised Congress leader Rahul Gandhi for staging a protest outside the Prime Minister's residence regarding the NEET paper-leak issue. Pradhan accused Gandhi of using students as "political tools" to disrupt Parliament, while asserting the government's commitment to discussing NEET concerns in the House. The incident involved Gandhi and other opposition leaders being detained after refusing to end their sit-in.
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.
The Centre has ordered the deployment of 20 additional companies of the Central Reserve Police Force (CRPF) in Delhi. These forces are being airlifted from West Bengal to strengthen security measures in response to CJP protests, demonstrations by various political parties, and the ongoing Parliament session, following instances of violent clashes.
'Healthy double-digit returns are still possible, though a sharp rally is unlikely.'
The Madhya Pradesh cabinet has approved the draft Uniform Civil Code (UCC) bill, which will be introduced in the state assembly's monsoon session. The proposed legislation, excluding the tribal community, addresses marriage, live-in relationships, adoption, and inheritance, aiming for women's empowerment and social harmony. Chief Minister Mohan Yadav highlighted broad support and criticised the Congress for its stance.
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.
Finance Minister Nirmala Sitharaman clarified that the Merchant Discount Rate (MDR) on digital transactions applies to merchants, not customers, and aims to support banks and fintech in infrastructure investment. She countered Congress leader Jairam Ramesh's claims, stating that a committee will decide on MDR only after Parliament passes the Taxation and Other Laws (Amendment) Bill, 2026, a process currently stalled by parliamentary disruptions.
The Shiv Sena (UBT) has approached the Supreme Court to challenge Lok Sabha Speaker Om Birla's decision to approve the merger of six of its MPs with the Eknath Shinde-led Shiv Sena. The plea was mentioned before a bench for an urgent hearing.
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.
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.
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.
The Delhi Traffic Police has issued an advisory for heavy vehicular movement and restrictions around the Parliament complex ahead of the Monsoon Session and a planned 'Chalo Sansad' march by the Cockroach Janata Party (CJP). Security has been significantly intensified across New Delhi, with additional personnel, barricades, and checks to manage traffic and maintain law and order during the protest against alleged NEET irregularities.
The BJP has strongly refuted media reports suggesting that former Education Minister Dharmendra Pradhan's resignation was due to the Cockroach Janta Party (CJP) rejecting a portfolio change offer. BJP spokesperson Sambit Patra labelled these reports as "baseless and imaginative," accusing them of sensationalising the issue.
The government is considering sending 'The Foreign Contribution (Regulation) Amendment Bill, 2026' to a joint committee of both houses of Parliament for further examination, even as the Congress and some other opposition parties have demanded that it be withdrawn, sources said on Tuesday.
