Heavy rainfall in Maharashtra's Raigad district caused severe waterlogging on the Mumbai-Goa highway, leading to traffic standstills, diversions, and thousands of commuters being stranded. A 'red' alert has been issued for the district, and inadequate drainage infrastructure is being blamed for the recurring flooding.
Karnataka Chief Minister D K Shivakumar announced the establishment of India's first government-driven Artificial Intelligence University and an AI Hub in Bengaluru. This initiative aims to position Karnataka as a global leader in responsible AI innovation, fostering talent, research, and collaboration. The state seeks to become an AI-native state, leveraging AI to improve governance and daily life across various sectors.
Tata Steel plans to invest approximately Rs 20,000 crore in capital expenditure during the current financial year (FY27), a significant increase from the previous year, with 60 per cent of this allocation directed towards its India business for expansion, new technologies, and sustainability.
Commercial banks in India recorded their highest credit growth in two years, accelerating to 18.6 per cent year-on-year by June 27, while also mobilising nearly 7 trillion in deposits, marking the third-highest fortnightly deposit growth in 29 years.
Hyderabad-based SETL, a precision engineering company, has acquired a 51% majority stake in GScale Energy Private Limited, an AI Datacenter Engineering infrastructure specialist. This strategic move involves an initial investment of Rs 190 crore, with a total commitment of Rs 500 crore, marking SETL's expansion into the rapidly growing AI Datacenter sector and leveraging its expertise from pharmaceutical and chemical industries.
Nebex, founded by former Axiom Space executives, aims to build commercial infrastructure for the global space economy.
Zoho Corporation Founder Sridhar Vembu has echoed IBM CEO Arvind Krishna's concerns about a potential "bubble" in the multi-trillion dollar AI data centre build-out. Vembu stated that Zoho will adopt a measured approach, investing in AI capabilities like data curation and compiler infrastructure, but will not chase the current investment spree, contrasting with other global tech giants' massive spending.
Parliament was informed that UPI has onboarded 55.49 crore users by June 2026, with transactions reaching 24,162 crore in volume and Rs 314 lakh crore in value in FY 2025-26. The platform, operated by NPCI, is expanding internationally through NIPL, facilitating cross-border payments and assisting other nations in building similar systems. Significant efforts are also underway by the Government, RBI, and NPCI to enhance the security and transparency of UPI transactions, including risk-based limits, security frameworks, and public awareness campaigns against cyber-crime.
A portion of a link road connecting the Kanpur-Lucknow National Highway with the Ganga Expressway in Unnao district caved in after the first monsoon rain, raising concerns about construction quality and prompting repair work.
NVIDIA CEO Jensen Huang argues that Artificial Intelligence is driving the largest infrastructure buildout in human history, requiring trillions of dollars in investment and creating significant demand for skilled blue-collar labour.
Amazon CEO Andy Jassy announced an additional USD 13 billion investment in India, bringing the company's total capital commitment to USD 48 billion by 2030. This significant investment will primarily focus on expanding AI and cloud infrastructure, supporting job creation, boosting e-commerce exports, and digitising small businesses, aligning with India's growing digital economy.
The Delhi government has approved the Delhi EV Policy 2.0, which will phase out fresh registrations of internal combustion engine (ICE) two-wheelers and three-wheelers over the next two years, starting with a ban on ICE 3Ws and N1 category LCVs from January 1, 2027, and ICE 2Ws from April 1, 2028.
State-run Oil and Natural Gas Corporation (ONGC) has approved the development of a 1.75 million tonnes (mt) strategic petroleum reserve (SPR) in Mangaluru, a project deemed of national importance, with plans for broad commercial utilisation.
NITI Aayog member Abhay Karandikar stated that the US government's new export controls, which led AI giant Anthropic to take its latest models offline, underscore the critical need for India to achieve self-reliance in technology development, particularly in AI infrastructure and hardware.
The devastating floods sweeping Assam's Upper Assam region have exposed the humanitarian crisis unfolding in the state's tea gardens, with a pregnant worker delivering her baby inside a tea factory after rising floodwaters cut off access to a hospital.
US President Donald Trump has claimed that Iran has accepted "just about everything" the United States has demanded in ongoing indirect nuclear negotiations, particularly regarding denuclearisation. He also asserted that American forces repeatedly carried out military strikes that crippled Tehran's military infrastructure, including radar installations, and escorted commercial oil tankers through the Strait of Hormuz. Trump dismissed reports of Iran's strength, stating its military and economy were severely weakened.
Morocco's impressive rise in global football is uniquely funded by its vast phosphate reserves, with the state-owned OCP Group investing heavily in national team development. This strategic investment, driven by a royal directive, supports training academies and infrastructure, contributing to the nation's recent successes like reaching the 2022 World Cup semi-finals and hosting the 2025 Africa Cup of Nations. The country's abundant phosphate resources provide a stable economic base for these ambitious sporting endeavours.
The Enforcement Directorate (ED) has attached assets worth over 200 crore belonging to TDI Infrastructure Limited in connection with a money-laundering investigation related to alleged fraud against homebuyers.
US President Donald Trump has abruptly withdrawn from a peace deal with Iran, citing fresh intelligence of Iranian assaults on commercial vessels in the Strait of Hormuz. The decision, made just a fortnight after celebrating the deal, has led to a significant military escalation in the region, with the US launching extensive counter-operations against Iranian military infrastructure.
The Environment Ministry has designated the Natural History Museum (NHM) in Mizoram as India's 21st designated repository, significantly enhancing the country's biodiversity conservation and scientific infrastructure, particularly within the Indo-Burma Biodiversity Hotspot.
The Delhi High Court has sought the Centre's response regarding pleas from Delhi Gymkhana Club members and staff challenging a show-cause notice for eviction. The court has asked the Solicitor General to ensure the Estate Officer's hearing is adjourned until after the next court date, indicating judicial oversight in the ongoing dispute over the club's 27.3-acre premises.
In essence, Tata Sons will continue to be a CIC, whether registered or unregistered. It will have to follow the 90:60 principle.
If it qualifies as belonging to the upper layer, public listing will be one of the regulatory requirements. However, if it qualifies as 'unregistered CIC', it will escape from prudential regulation, explains Tamal Bandyopadhyay.
It, however, conceded that 20 per cent blending of ethanol with petrol leads to 3-5 per cent lower mileage in vehicles than conventional petrol, but said the blend offers a significantly higher octane rating, superior anti-knock properties, faster combustion, better pickup, smoother acceleration, and cleaner engine operation.
The Indian Consulate in Dubai has confirmed the tragic death of Indian sailor Herambh Karmarkar following an attack on the MV GFS Galaxy cargo vessel off the coast of Oman.
Avoid builders with very large commitments.
Madhya Pradesh Chief Minister Mohan Yadav's family is under scrutiny after an Indian Express newspaper report revealed their extensive land purchases in Ujjain, particularly in areas benefiting from state infrastructure projects, raising questions of propriety and conflict of interest.
Dr Lovi Raj Gupta, pro vice-chancellor, Lovely Professional University, explains how aspiring professionals can equip themselves for a competitive AI-driven job market.
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.
Indian companies' overseas expansion plans are holding strong despite geopolitical tensions in West Asia, driven by structural factors like supply-chain diversification, free trade agreements, and market expansion, according to Ajay Sharma, managing director and head of banking at HSBC India.
Sports Minister Mansukh Mandaviya highlighted India's growing global sporting stature, evidenced by the increasing number of international events the country is hosting. He announced that India is set to host 36 international events between January 2025 and June 2026, along with 9 events this year and 19 in 2027-2028. Mandaviya also spoke about government support for athletes, transparent selection processes for major events like the Commonwealth Games, and improved domestic athletic performances, citing 26 national records broken in Indian athletics recently.
'I don't see fear becoming a dominant factor for retail investors.'
Floods in Assam have claimed 31 lives, with 21 fatalities reported in the last 24 hours, affecting nearly 5.65 lakh people across multiple districts. Chief Minister Himanta Biswa Sarma visited affected areas, announcing an ex gratia of Rs 4 lakh for each deceased's family and acknowledging difficulties in relief distribution to submerged villages.
Nissan Motor India aims to achieve a fourfold increase in domestic sales, targeting 100,000 units annually, and export another 100,000 vehicles from its Chennai plant by financial year 2027-28 (FY28), marking a significant revival of its presence in the Indian passenger vehicle market.
'Our biggest opportunity lies with the younger age-group teams.' 'If you look at the senior national team, our chances are about 50-50.' 'The gap becomes smaller as you move down the age groups.' 'At the Under-20 level, it's closer to 60-40.' 'By the Under-17 level, it's around 80-20. That's where I feel we have our best chance.'
India is relying heavily on its boxing, weightlifting, and athletics contingents to maintain its two-decade streak of top-five finishes at the Commonwealth Games, which opens in Glasgow.
Gujarat Chief Minister Bhupendra Patel expressed optimism about the state securing hosting rights for the World Athletics Championship 2031 after meeting a delegation from the international governing body. The delegation is assessing Gujarat's sports infrastructure and readiness for both the 2028 U20 Championships and the 2031 senior championships, highlighting the state's growing ambition to host major global sporting events.
'The Indian private space sector is no longer a high-risk bet; it is a highly bankable, globally competitive asset class capable of easing the global small satellite launch bottleneck.'
Azim Premji's private investment firm, Premji Invest, has quietly built a formidable portfolio of 11 AI startups, primarily in the US, with a combined valuation of $43 billion. The firm has participated in 19 funding rounds since 2021, with a notable focus on US-based companies, many of which were founded by Indian entrepreneurs.
The Uttar Pradesh Public Works Department has declared a 3-km road passing through SP leader Azam Khan's Mohammad Ali Jauhar University campus in Rampur as a public road, erecting signboards to ensure unrestricted access. The road, built by the PWD in 2016-17, had its access restricted by the university since 2019, leading to a legal dispute that is still ongoing in the Allahabad High Court.
A NITI Aayog report outlines India's potential to scale its bioeconomy to USD 691 billion by 2035 and USD 2.6 trillion by 2047, creating over 30 million high-value jobs. The report stresses the need for coordinated national execution, regulatory reforms, a strengthened talent pipeline, and a significant BioEconomy Growth Fund to achieve this vision, positioning India among the top biotechnology powers globally.
