Most members of the Reserve Bank of India's Monetary Policy Committee (MPC) expressed concerns about inflation becoming generalised and highlighted uncertainties surrounding both inflation and growth prospects due to the West Asia conflict, according to the recently released minutes.
Analysts predict that geopolitical developments, particularly surrounding the Strait of Hormuz and the US-Iran standoff, along with crude oil prices, will be the primary factors influencing stock market movement in the coming week. Investors will also monitor foreign institutional flows and the Federal Open Market Committee (FOMC) minutes for signals on the Federal Reserve's policy outlook.
The Supreme Court will hear petitions on August 17 seeking a court-monitored SIT probe into alleged embezzlement of donations at the Ram temple in Ayodhya, after deferring the original hearing due to the Solicitor General's UN engagement.
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.
Gold futures saw a significant rise for the second consecutive day, driven by strong overseas market rallies, increased safe-haven demand due to geopolitical uncertainties, and a weaker US dollar. This surge coincided with the Reserve Bank of India's decision to maintain its repo rate, reflecting a focus on growth amidst global inflation concerns and easing oil prices.
"Our endeavour is to bring headline inflation in line with the target over the medium term," said RBI Governor Sanjay Malhotra, addressing concerns about the central bank's policy stance and economic outlook.
The Indian embassy in Ukraine is actively monitoring the critical situation of 13 Indian seafarers aboard MV AMIR1, who are reportedly under threat from drone and missile attacks near Ukraine's Black Sea coast.
India has distanced itself from former Bangladesh prime minister Sheikh Hasina's recent media interaction in New Delhi, stating it played no role in the event nor endorsed her comments regarding the Bangladesh government. This comes after Bangladesh expressed outrage over the permitted interaction, which saw Hasina announce her determination to return to Bangladesh to restore democracy.
The Delhi High Court has proposed transferring activist Sonam Wangchuk, currently on an indefinite fast since June 28 over alleged examination irregularities, from Safdarjung Hospital to Medanta Hospital in Gurugram. This development follows a plea by Wangchuk's wife, Gitanjali Angmo, challenging a previous court order that refused to interfere with his ongoing treatment at the central government hospital. The government has indicated no objection to the transfer, provided Wangchuk does not seek discharge against medical advice.
India's government has implemented stringent new regulations under the Telecommunications Act 2023, mandating that all communication infrastructure providers, including those utilising cloud-based networks, must store telecommunication data exclusively within the country, a move expected to significantly impact domestic data centre demand.
Student protests in Jharkhand over alleged irregularities in recruitment exams have intensified, leading to a state-wide bandh called by the BJP and a march by the ABVP to the state assembly. The agitation, now in its 18th day, has seen police action against demonstrators, an ED money laundering probe, and the arrest of a former JPSC chairperson, while talks between the government and students remain deadlocked.
A parliamentary committee has noted Bangladesh's extradition request for former prime minister Sheikh Hasina, who faces a death sentence in absentia. The Indian government has confirmed the request is under examination, reiterating its humanitarian approach of offering refuge while ensuring no political activity is conducted from Indian soil. The committee has urged the government to keep it apprised of the matter.
Malicious cyber activity has disrupted technology at water and wastewater facilities in at least seven US states, forcing utilities to revert to manual operations, with authorities actively probing whether Iranian-linked hackers are responsible.
The Delhi High Court is set to hear an appeal by Gitanjali J Angmo, wife of fasting activist Sonam Wangchuk, challenging a single judge's order that refused to interfere with his ongoing treatment at Safdarjung Hospital.
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.
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.
The latest development comes as diplomatic efforts between Washington and Tehran continue despite renewed hostilities. CNN reported that US and Iranian officials are still working towards a nuclear agreement by mid-August, even as preparations for possible military action have continued in parallel.
Educator and climate activist Sonam Wangchuk has stated his hunger has 'stabilised' on the 13th day of his indefinite fast, asserting his constitutional right to protest should not be violated by attempts to remove him from the site. He continues to support the Cockroach Janta Party's (CJP) demands for Union Education Minister Dharmendra Pradhan's resignation and government accountability over alleged examination irregularities, as well as an early resolution for Ladakh's issues.
A Special Investigation Team (SIT) probing alleged theft and embezzlement of donations at the Ram Temple in Ayodhya has found repeated instances of employees concealing cash during counting and flagged serious security and supervision lapses. The preliminary report, shared with the Shri Ram Janmabhoomi Teerth Kshetra Trust, indicates systematic irregularities and financial discrepancies among employees, leading to arrests and resignations within the trust.
The Indian equity market is set for an event-heavy week, with analysts pointing to the Reserve Bank of India's (RBI) interest rate decision, developments in the US-Iran situation, and crude oil prices as the primary determinants of market trends.
US President Donald Trump claimed on Tuesday that Tehran has consented to long-term, comprehensive monitoring of its nuclear infrastructure. Concurrently, Washington will ease shipping constraints in the Strait of Hormuz and release bound financial concessions, subject to stringent American oversight.
Analysts predict that developments in US-Iran negotiations, fluctuations in crude oil prices, and key global economic data will be the primary drivers of gold and silver prices in the coming week, with a strong focus on talks in Switzerland.
The Tamil Nadu government has approached the Supreme Court to challenge a Madras High Court order that permitted the lighting of a ceremonial lamp on the Thirupparankundram hill. The state government cited concerns over public order and potential communal tensions, while the High Court had dismissed these fears as "imaginary" and affirmed the land belongs to the Sri Subramania Swamy Temple, not the Waqf Board.
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.
The National Commission for Women (NCW) has summoned comedian Pranit More and web developer Himanshu Jangra following remarks made during a Gurugram stand-up show, which the commission alleges glorified sexual coercion and non-consensual conduct towards a woman.
West Bengal Chief Minister Suvendu Adhikari has declared a zero-tolerance policy towards vandalism and attacks on police personnel following violent protests in Kolkata. He warned of strict legal action and promised full government support for law enforcement.
RBI Governor Sanjay Malhotra stated that the central bank is closely monitoring whether the supply shock from the West Asia conflict will lead to a generalised price rise, potentially necessitating monetary policy action.
Former IPL commissioner Lalit Modi has sensationally revealed that life-threatening intimidation from underworld don Dawood Ibrahim and his crime syndicate was the primary reason for his permanent retirement from cricket administration. Modi detailed how his unyielding stance against match-fixing and refusal to cooperate with the D-Company's multi-billion-dollar betting empire led to direct threats, including a phone call from Dawood and subsequent assassination attempts.
The NDA government has gradually nuanced its position on the issue of demographic challenge.
As many as 35 vessels, including cargo carriers and oil tankers, successfully navigated through the strategic maritime chokepoint of the Strait of Hormuz over the last 24 hours, according to Iran's state media reports citing a formal declaration by the Islamic Revolutionary Guard Corps (IRGC) Navy.
Bangladesh's deposed Prime Minister Sheikh Hasina congratulated Suvendu Adhikari on assuming office as West Bengal's Chief Minister after the BJP's victory in the state.
Tata Motors' 2026 Tiago facelift is a tech-loaded and safety-focused entry-level hatchback, with prices starting at Rs 4.69 lakh.
The Indian stock market is poised for a volatile week, influenced by the Reserve Bank of India's monetary policy decision, crucial global macroeconomic data, and the escalating geopolitical tensions in West Asia, according to market analysts.
The United States and Iran could be set to announce an agreement soon to achieve a complete solution to the hostilities in West Asia, as reported by Saudi state media Al Arabiya on Wednesday, citing sources familiar with the ongoing negotiations.
DMK leader Udhayanidhi Stalin reiterated his call for the abolition of Sanatana Dharma, claiming it divides people, during his maiden speech as the Leader of the Opposition in the Tamil Nadu Assembly. He also addressed concerns regarding the positioning of the Tamil invocation song in government events.
In response to rising crime, including the recent murder of a retired brigadier, Uttarakhand has launched 'Operation Prahar' to enhance police presence, accountability, and curb illegal activities in Dehradun.
Intense lobbying is underway in Kerala as V D Satheesan, K C Venugopal, and Ramesh Chennithala vie for the chief minister's post, with their camps citing popularity, MLA support, and experience as key factors for the Congress high command's decision.
The Ministry of External Affairs (MEA) has stated that India is closely monitoring developments in West Asia, addressing topics ranging from ceasefire efforts to maritime security and the safe return of Indian nationals. The MEA also addressed the UN Climate Change Conference and the delimitation bill.
Iran has asserted that maritime movement through the Strait of Hormuz will be strictly controlled by Tehran, stating that passage will be allowed only through designated routes and under Iranian approval.
An Iranian tanker successfully bypassed the US Navy to deliver crude oil to the Asia-Pacific region, despite ongoing tensions and a US blockade.
