Prime Minister Narendra Modi highlighted India’s growing global engagement and investment opportunities in his address to the annual Republic Summit.
Category: National
India’s HSBC Flash Composite PMI Falls to 57.4 in June from 59.3 in May
The HSBC Flash India Composite PMI Output Index showed softer demand, slower hiring, and weakening business optimism across both manufacturing and services sectors.
Monsoon Rainfall Running 43% Below Average as Concerns Mount Over Kharif Crops
India’s monsoon season is significantly below average so far, raising concerns about agricultural output and pressure on food prices in coming months.
RBI Governor Malhotra Says Too Early to Discuss Rate Hikes as Inflation Monitored
Governor Sanjay Malhotra said the Reserve Bank of India would continue monitoring inflation and global developments before making any decisions on interest rates.
RBI Allows Loans to Non-Resident Indians Against Foreign-Currency Deposits
The Reserve Bank of India’s new policy allows banks to offer loans to NRIs using their foreign-currency deposits as collateral, easing funding constraints.
JPMorgan Downgrades HCL Tech Wipro and Tata Tech Over AI Disruption Concerns
The investment bank warned that AI-driven disruption, cautious enterprise spending, and geopolitical uncertainty could keep growth across India’s IT sector subdued.
IRFC Shares Drop 5.4% on Reports of Planned Government Stake Sale
Indian Railway Finance Corporation shares fell sharply as news emerged of a potential government divestment of its stake in the company.
India: Union Home Minister Amit Shah and VP C P Radhakrishnan Attend Padma Awards Ceremony
The full presence of senior government leadership at the ceremony underscored the significance of the second Civil Investiture for 2026.
India: Malayalam Journalist P Narayanan Receives Padma Vibhushan for Contribution to Literature and Education
The eminent journalist and public intellectual from Kerala received India’s second-highest civilian award for decades of literary and educational work.
India: Operation Sindoor Scientist Chandramouli Gaddamanugu Conferred Padma Shri for Akash Missile Role
The DRDO scientist who led the Akash Missile System deployment received recognition for his role in India’s advanced defence capabilities.