The United Nations has revised downward India's economic growth forecast for 2026 to 6.4 per cent from an earlier 6.6 per cent, attributing the change to global uncertainties and economic shocks stemming from the ongoing West Asia crisis.
IM Soham Kamotra secured a crucial draw against GM Iniyan Pa, ending his winning run in the Global Chess League. While Iniyan maintains a narrow lead, other Indian players like Abhijit Gupta, Viresh Sharnarthi, and Madhvendra Pratap Sharma also delivered significant performances.
GM Iniyan Pa is on the verge of winning the master's section of the Global Chess Festival in Mumbai, holding a one-point lead. Other categories like Challengers and Junior Masters also saw significant developments, with new leaders emerging and contenders vying for titles.
The death of former Asian Games champion and celebrated shooting coach Jaspal Rana at the age of 49 has triggered an outpouring of grief across India, with Prime Minister Narendra Modi, President Droupadi Murmu, Olympic gold medallist Abhinav Bindra and several leading figures from the sporting world paying tribute to one of the country's most influential shooters and mentors.
The World Bank has increased India's economic growth projection for FY27 to 6.6 per cent, citing resilient domestic demand, while simultaneously cutting its global economic growth outlook due to the conflict in West Asia.
Mahindra & Mahindra (M&M) is implementing a comprehensive, multi-layered strategy to fortify its supply chains against geopolitical volatility, logistical challenges, and regulatory risks, drawing lessons from recent global disruptions.
External Affairs Minister S Jaishankar stated that India has demonstrated resilience in the face of recent global shocks, including the conflict in West Asia, while speaking at the convocation ceremony of IIM Raipur. He emphasised the importance of building national capabilities to de-risk and develop leverage in a changing global order.
This is not just a historic series sweep for Ireland, but for world cricket itself. To beat India, which hasn't been beaten in 16 series over three years, is truly remarkable.
Global investment firm KKR remains optimistic about India's long-term growth, citing rising incomes, premiumisation, financial deepening, and demand for quality services as key drivers for its consumption story, even as higher energy prices and AI disruption pose near-term challenges.
Indian startup funding plummeted by 43 per cent year-on-year to $7.81 billion between March 1 and June 15, 2026, largely due to the West Asia conflict, which has amplified global risk perceptions, tightened liquidity, and led to rupee depreciation, making global investors cautious.
The report notes that equities had faced pressure from elevated valuation premiums, subdued nominal gross domestic product (GDP) and earnings growth, sustained foreign portfolio investor (FPI) selling, artificial intelligence (AI) infrastructure euphoria, and external shocks including US tariffs and a spike in crude oil prices due to geopolitical tensions in West Asia. However, several of these factors are now reversing.
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.
'Even if the war ends tomorrow, which is unlikely, and we go back to the pre-war status quo, the world will still need some time to get over the sudden shock of oil price increases.'
A satirical song about leaving Bosnia for America has become the country's unofficial World Cup anthem after Dubioza Kolektiv rewrote the hit to celebrate Bosnia's remarkable journey to the global football stage.
Despite significant price differences, Indian farmers are increasingly adopting non-subsidised speciality fertilisers, which are seen as a potential solution to the rising fertiliser subsidy burden exacerbated by global supply shocks.
The Reserve Bank of India (RBI) has projected a 6.9 per cent GDP growth for the current financial year, citing concerns over commodity prices and supply chain disruptions stemming from the West Asia crisis.
The National Rifle Association of India (NRAI) on Tuesday announced that the India Open Competitions in July will be named in honour of legendary shooters Jaspal Rana and Raja Randhir Singh, who died recently, leaving the fraternity shocked.
India's dual pursuit of a robust strategic partnership with Washington and a pragmatic, tension-management policy with Beijing represents the essence of modern multi-alignment. By embracing economic pragmatism, learning to compartmentalize political differences, and engaging in continuous dialogue, India can secure its borders, grow its economy, and contribute to a stable, multipolar Asian century, points out Ambassador Rajasekhar.
A prolonged supply shock can transmit to lower incomes, and dampen confidence and sentiment, warns Aditi Nayar, chief economist, head-research and outreach, ICRA.
World leaders have expressed their relief and condemnation following a shooting incident at the White House Correspondents' Dinner, emphasising that political violence has no place in a democracy.
World leaders have expressed relief and condemnation following a shooting incident outside the White House Correspondents' Dinner, where US President Donald Trump and other top officials were present. Leaders from various countries reiterated that political violence has no place in a democracy.
The remarkable rise of smallcaps reflects the emergence of a broad set of specialised businesses operating in industries where the sectoral tailwinds remain considerably stronger than macroeconomic headwinds, points out Debashis Basu.
Reserve Bank Governor Sanjay Malhotra announced that India's foreign exchange reserves stand at a healthy $682.3 billion as of May 29, 2026, providing approximately 11 months of import cover and strong protection against external shocks.
Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that preventing second-round effects of supply shocks, where inflation expectations rise due to prolonged disruptions, is the primary role of monetary policy. He also defended the RBI's foreign exchange market interventions, asserting it did not commit to an 'indefensible peg'.
The Reserve Bank of India has increased its retail inflation projection for 2026-27 to 5.1 per cent, up from an earlier estimate of 4.6 per cent. This revision is primarily attributed to mounting input costs, driven by the pass-through of higher global energy prices to domestic petrol and diesel rates, which have seen significant increases since May.
Italian Prime Minister Giorgia Meloni has strongly rebuked former US President Donald Trump's claims that she 'begged' for a photo-op at the G7 summit, dismissing his remarks as 'utterly fabricated' and asserting, 'Italy and I never beg.'
Analysts warn that global markets are significantly underpricing the risk of an oil price shock, with Brent crude potentially soaring to $150 per barrel if the West Asia conflict escalates or damages critical oil and gas infrastructure. This could lead to severe inflation and economic repercussions, particularly for import-dependent nations like India.
'The West Asia or the Gulf crisis has shown that what we develop as national infrastructure when things are not as bad as they could be, we forget to plan for adversities.'
Goalless Turkey were ousted from the FIFA World Cup 2026 after losses to Australia and Paraguay in Group D, thwarted by poor finishing and a staunch opposition defence.
S&P Global Ratings warns that a sustained rise in crude oil prices to $130 per barrel could significantly slow India's economic growth, weaken fiscal metrics, and strain corporate and banking sector performance, potentially reducing growth by up to 80 basis points.
'FPIs are unlikely to return unless there is equilibrium between valuation premium and earnings growth.'
Disciplined investors who ignore short-term fear build significant long-term wealth, notes Ramalingam Kalirajan
Indian equity benchmark indices Sensex and Nifty experienced a significant tumble in early trade, with the Sensex tanking nearly 700 points, driven by uncertainty surrounding US-Iran negotiations, a fresh spike in crude oil prices, and persistent foreign fund outflows.
India emerged reasonably well from 2025. But now, the oil shock and war-related supply disruptions have again driven funds out of India and significantly weakened the rupee, points out Ajay Chhibber.
Qatar take on Switzerland in their World Cup opener on Saturday eager to shake off the pressure of expectation, coming in as back-to-back Asian champions with an urgent need to make amends for a dismal debut as hosts of the 2022 tournament.
The support will be provided to oil-marketing companies (OMCs) in the form of interest-free advances through the ministry of petroleum and natural gas. The OMCs, in turn, will use the fund to provide ATF price stabilisation support to Indian carriers operating domestic and international flights.
Lionel Messi earned a spot in the World Cup history books with a hat-trick that saw Argentina begin the defence of their title with an emphatic 3-0 victory over Algeria in their Group J opener at Kansas City Stadium, Missouri, on Tuesday.
The International Energy Agency (IEA) has proposed immediate demand-side measures, including remote work, lower speed limits, and reduced air travel, to mitigate the impact of a global oil supply shock caused by Middle East disruptions.
Markets face risk of a prolonged bear phase as oil shocks and geopolitical tensions test inflation, growth and investor confidence globally, points out Debashis Basu.
The primary objective should be to figure out a way to grow at 7 to 7.5 per cent with inflation around 4 per cent. Any policy that can help us get there must be experimented with. Those that work should stay. Those that do not should go, suggests Karan Bhasin.
