Indian benchmark indices Sensex and Nifty experienced significant declines in early trade, driven by soaring crude oil prices amidst escalating tensions in West Asia, coupled with weak global market trends and foreign fund outflows.
India's current account deficit could widen to 1.7 per cent of GDP, or about $71 billion, if crude oil prices stay above $90 a barrel for a significant part of the second half of FY27.
Indian Hotels Company (IHCL) reported a 20.8 per cent year-on-year rise in net profit for Q1 FY27, reaching 357.9 crore, despite macroeconomic headwinds like geopolitical tensions in West Asia impacting international travel and airline catering business.
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.
The Supreme Court stated it has not approved any modifications to Form 6, used for electoral roll inclusion, during the Special Intensive Revision. This observation came during the hearing of a Public Interest Litigation (PIL) challenging alleged unilateral decisions by the Chief Election Commissioner regarding changes to Form 6 and electoral roll revisions in states like Goa and West Bengal, without the concurrence of his colleagues. The court issued notice on the plea, highlighting concerns over collective decision-making within the Election Commission.
Indian benchmark indices Sensex and Nifty experienced a significant slump in early trade, driven by escalating tensions in West Asia and a sharp rise in crude oil prices, alongside a bearish trend in other Asian markets.
An Indian Army contingent, Navy warships INS Tarkash and INS Ikshak, and a naval band are participating in Seychelles' Golden Jubilee National Day celebrations. Prime Minister Narendra Modi is attending as the Guest of Honour, underscoring the strong strategic partnership and defence cooperation between India and the archipelago nation.
Citron, a brand under Stellantis, anticipates that three-fourths of its sales in India will originate from Tier-II, Tier-III, and smaller cities within the next five years, a significant increase from its current 55 per cent, as it expands its retail network beyond major urban centres.
Rohit Sharma has spoken about his long-standing bond with Virat Kohli, highlighting their strong relationship since their early international careers. He revealed they constantly help each other improve their game and share a deep camaraderie, despite changes in roles and less frequent meetings.
Xi's bilateral meeting with Modi was substantial and readouts from both sides gave indications of rapprochement, if not a reset of bilateral relations between India and China, notes Ambassador T P Sreenivasan.
The Election Commission of India has announced decisions addressing concerns raised by two election commissioners, Sukhbir Singh Sandhu and Vivek Joshi, over the past 10 months. These issues included changes to voter registration forms, access to the electoral roll database, the handling of Goa's 97 voters, communications issued without full commission approval, oversight of the IT division, and appeals against voter restoration. The EC has provided responses and outlined steps to resolve these internal disputes and improve transparency and compliance.
This was the fourth-lowest rainfall since 2001 and the 13th lowest since 1901, under the impact of El Niño.
The Cockroach Janta Party (CJP) has called for the resignation of Chief Election Commissioner Gyanesh Kumar, alleging he has 'undermined' voter rights by excluding over 13 crore names from draft electoral rolls across 30 states and Union territories during the Special Intensive Revision (SIR) exercise.
The Supreme Court has agreed to urgently hear a 2016 Public Interest Litigation (PIL) seeking the speedy disposal of criminal cases against lawmakers across India. This decision comes amidst concerns raised by amicus curiae Vijay Hansaria about the high number of legislators facing criminal charges, including chief ministers. The court had previously issued directions in November 2023 to fast-track such trials.
Iranian President Masoud Pezeshkian concluded his visit to India for the 18th BRICS Summit, announcing that Iran and the UAE agreed to move past previous tensions. This diplomatic breakthrough occurred during talks with Abu Dhabi's Crown Prince on the summit sidelines. Pezeshkian also met with PM Modi to discuss bilateral ties and West Asia developments, with Modi emphasising dialogue for regional peace. The BRICS summit adopted the New Delhi Declaration 2026, calling for global governance reforms and de-escalation in West Asia.
Opposition parties in India are demanding the impeachment and arrest of Chief Election Commissioner (CEC) Gyanesh Kumar, alleging he is running the poll panel as a 'one-man autocracy' following revelations that two Election Commissioners red-flagged issues related to the Special Intensive Revision (SIR) of electoral rolls.
Assembly by-elections in Madurantakam and Dharapuram will offer an early measure of the TVK's electoral strength and put the dynamics of its new alliance in focus.
A nationwide survey by a Supreme Court-appointed panel reveals that 15% of higher education students felt overwhelmed or distressed, and 9% experienced suicidal thoughts in the past six months. The findings, part of an upcoming report, highlight deep-rooted social discrimination, academic pressures, and inadequate counselling services contributing to mental health concerns and rising student suicides in Indian Higher Educational Institutions.
The Election Commission of India has addressed reports of internal dissent among its commissioners and clarified that all Special Intensive Revision (SIR) orders and Form 6 updates for voter enrolment received unanimous consent and were upheld by the Supreme Court. The EC also announced measures to ease the process for voters issued notices, including doorstep document collection and extended deadlines in Delhi and Maharashtra, while affirming its commitment to transparent decision-making and meticulous compliance with directives.
Specialised range taking shape in Andhra Pradesh, while West Bengal clears way for DRDO's new testing facility.
'It is a blunt and dangerous attempt to pressure India to sign BTA on one-sided terms.'
Indian stock markets, including the Sensex and Nifty, experienced a significant tumble in early trade, driven by escalating tensions in West Asia that pushed crude oil prices close to the USD 100-per-barrel mark, alongside selling in IT stocks and fresh foreign fund outflows.
Afghanistan head coach Richard Pybus has identified key areas for improvement in the team's white-ball game following their T20I series loss to India. He stressed the need for better quality pitches at home to develop players and called for a significant increase in the team's strike rate and a reduction in dot balls, especially during the Powerplay.
The Afghanistan Cricket Board hosted 'Koh-E-Zafar' in New Delhi to celebrate the strong cricketing friendship between India and Afghanistan.
Indian stock market benchmark indices Sensex and Nifty recorded their second consecutive day of decline, with the Sensex dropping 555.23 points and the Nifty falling 144.05 points, primarily due to rising crude oil prices and ongoing US-Iran hostilities in West Asia.
The parents of IIT Bombay student Sahil Wakode, who died by suicide, spent eight hours at the Mumbai Crime Branch office, while Union Minister Ramdas Athawale visited IIT Bombay, seeking a thorough investigation into the death and alleging potential caste discrimination.
Virat Kohli impressed Eknath Shinde with his humility during their London meeting, while the duo discussed Maharashtra's development, sports, youth talent and the cricketer's upcoming ODI milestones.
Non-resident Indians are increasingly investing in luxury homes in India, driven by geopolitical uncertainties, particularly the Iran war. This trend is observed across major cities like Mumbai, Bengaluru, and the National Capital Region, with developers noting a significant rise in NRI pre-sales. While some see it as a temporary shift, others believe India is becoming a stable, long-term investment destination for NRIs, especially those from West Asia.
VVS Laxman, BCCI's Centre of Excellence chief, will coach the Indian men's cricket team at the upcoming Asian Games 2026 in Aichi-Nagoya, Japan. He will be assisted by Sunil Joshi, Hrishikesh Kanitkar, and Subhadeep Ghosh. Gautam Gambhir, the regular head coach, will be with the senior team for the West Indies ODI series. Amol Muzumdar will continue as the head coach for the Indian women's team, who will also defend their title.
Civil Aviation Minister Kinjarapu Rammohan Naidu stated that no decision has been made regarding allowing Delhi and Mumbai airport operators to own and run airlines, as the government is carefully considering the implications of relaxing cross-ownership restrictions, including potential conflicts of interest and the need for more airlines.
Samsung India has launched an Innovation Campus in Karnataka, in partnership with Nrupathunga University, to train 2,000 young individuals in industry-relevant AI skills. This initiative aims to support Karnataka's goal of building an AI-native ecosystem and developing a future-ready technology workforce, expanding access to practical AI education.
Rainfall during the monsoon season so far, from June 1 to September 13, has been 15 per cent below normal.
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.
Rabiul Alam Chowdhury, Mamata Banerjee's party's candidate for the Rejinagar by-election, initially announced his withdrawal from the contest due to harassment of workers and symbol unfamiliarity, but retracted his statement within hours after intervention from the party's top leadership and Mamata Banerjee herself, confirming he will now contest the October 6 poll.
Heavy rainfall has severely impacted Uttar Pradesh, Jharkhand, and Uttarakhand, leading to casualties, widespread flooding, and significant disruptions. The Char Dham Yatra was suspended, flights were cancelled, and standing crops were damaged. Other regions like Himachal Pradesh, West Bengal, Rajasthan, and Delhi also experienced varied weather conditions, including snowfall and light rains.
The BCCI's 95th Annual General Meeting in Mumbai will address several crucial matters, including the grant of associate membership to the Cricket Association of Andaman and Nicobar Islands, the appointment of a BCCI representative to the ICC, and the induction of new members to the IPL Governing Council.
Iranian President Masoud Pezeshkian declared that Iran will not succumb to "bullying" from the US and Israel, vowing to protect national interests amidst escalating West Asian hostilities. During his visit to New Delhi for the BRICS summit, Pezeshkian also discussed strengthening bilateral ties with Prime Minister Narendra Modi and advocated for local currencies in BRICS trade, positioning Iran as a strategic energy and transport partner.
The only previous tie had occurred at Brisbane back in December 1960 between Australia and the West Indies. In the 40 years since the Madras Test, there have been 1,583 Test matches. But there has never again been a tie.
Prime Minister Narendra Modi, addressing the BRICS summit, called for a fundamental shift in global governance, advocating for the replacement of the current 'pyramid of privilege' with a 'platform of partnership' where the Global South becomes a 'rule shaper' rather than a 'rule follower'.
The BRICS grouping adopted a consensus joint declaration in New Delhi, successfully navigating differences on the West Asia conflict but notably omitting any direct mention of US strikes on Iran or Iranian military attacks on Gulf Arab nations. The declaration also criticised Israel's actions in Gaza and called for a concerted approach against terrorism.
