India ramps up anti-terror arsenal with ₹2K cr emergency procurement push

India's Ministry of Defence completed 13 emergency procurement contracts totaling ₹1,981.9 crore to bolster counter-terrorism capabilities. These contracts, part of a ₹2,000 crore allocation, prioritize enhancing situational awareness, lethality, mobility, and troop protection in insurgency-prone areas. The purchases include modern systems like Integrated Drone Detection and Interdiction Systems (IDDIS).

Following a US strike on Iranian nuclear facilities, President Trump initiated talks between Israel and Iran. Trump, speaking with Netanyahu, and VP Vance, engaging with Tehran, brokered a ceasefire agreement by Monday. The initiative, described as "Get me Bibi. We're going to make peace," resulted in a deal between the two nations.

Mount Lewotobi Laki-Laki's eruption caused significant flight disruptions (Air India, Virgin Australia, Jetstar affected), with ash clouds reaching 10,000 meters. Comprehensive travel insurance is crucial, covering flight delays, cancellations, extra expenses, medical costs, and lost luggage resulting from volcanic eruptions or other unforeseen events. Protect your trip!

Amit Shah envisions an India where English loses its status symbol, replaced by pride in Indian languages. He emphasized the importance of "Panch Pran" (five pledges) for a developed India by 2047, and called for civil service reform prioritizing empathy over the legacy British model. Shah believes India's languages are crucial for national identity and global leadership.

Indian Prime Minister Narendra Modi extended warm birthday wishes to President Droupadi Murmu on her 67th birthday, highlighting her inspiring leadership and commitment to public service. Taking to X (formerly Twitter), PM Modi praised President Murmu's dedication to the nation's development and her role in empowering the marginalized. Congress president Mallikarjun Kharge also conveyed greetings, acknowledging her constitutional responsibilities and her dignified conduct in office. West Bengal Chief Minister Mamata Banerjee and Uttar Pradesh Chief Minister Yogi Adityanath joined in, commending her service to the nation and extending their best wishes for her health and longevity.

Days before a deadly Air India Boeing 787 crash in Ahmedabad, India's aviation regulator (DGCA) cited numerous safety violations, including overdue emergency equipment inspections on multiple aircraft. Though the DGCA stated these weren't crash-related, the timing raises concerns. The airline, recently acquired by Tata Group, received multiple warnings and a hefty fine for other safety lapses in 2024, highlighting systemic issues. The June 12th crash, the world's deadliest in a decade.

RBI's new gold loan rules (higher LTV ratios) necessitate business model changes for lenders, says S&P. Operational agility and service excellence will differentiate players. NBFCs face challenges in adapting risk assessment methods, needing to evaluate borrowers' repayment capacity beyond collateral value. A deadline of April 1, 2026, allows for adjustment.

Mount Lewotobi Laki-Laki's eruption caused major flight disruptions in Indonesia, underscoring the value of travel insurance. Ash clouds forced cancellations and rerouting. Insurance protects against these disruptions, covering cancellations, delays, missed connections, and accommodation costs. For peace of mind, ensure your policy includes trip delay/cancellation coverage.

Tata Sons Chairman Chandrasekaran called Air India's Ahmedabad crash the most heartbreaking experience of his career, despite witnessing numerous crises. He urged employees to remain focused and resilient, emphasizing the need to stay determined despite the tragedy.

DGCA's four-day Air India Boeing 787 inspection found no major safety flaws, but flagged maintenance issues causing significant flight delays and cancellations. At least 13 international flights were cancelled Tuesday due to mandatory inspections, compounded by weather and crew constraints.

Maharashtra is collaborating with 5 more foreign universities to establish campuses in Mumbai's MMR, following the granting of LoIs to 5 others (Aberdeen, York, Western Australia, Illinois Tech, IED). CM Fadnavis confirmed the ongoing negotiations but withheld the names of the prospective universities. This initiative aims to foster a global educational hub.

India's WPI inflation hit a 14-month low of 0.39% in May 2025, down from April's 0.85%. Lower food, fuel, and primary article prices fueled the drop. However, increases in manufactured food, electricity, and chemicals contributed to the slight positive inflation rate.

Deeply saddened by Air India Flight AI171 crash, Union Minister Ram Mohan Naidu assures a thorough investigation and comprehensive aviation safety reforms. The loss of young lives, many students, is heartbreaking. The government is committed to uncovering the causes of the tragedy.

Facing US restrictions, Chinese tech firms are increasingly using India as a manufacturing and export hub. This strategy targets markets in the US, Africa, and West Asia, leveraging India's lower costs and access to these regions. It represents a shift in global tech manufacturing dynamics.

Moody's US credit downgrade casts a shadow on IT stocks. Higher US borrowing costs and potential government spending cuts threaten IT sector growth, impacting corporate tech budgets. Analysts warn that current IT valuations are too high given single-digit revenue growth, creating uncertainty for investors.

India's FY26 GDP growth projected at 6.3% by the World Bank, leading major economies. Strong tax revenue and reduced spending will lower public debt. This positive outlook holds despite global economic challenges.

Malur Ramasamy Srinivasan (1928-2023) was a pivotal figure in India's peaceful nuclear energy program. He built crucial infrastructure, led the Atomic Energy Commission, and championed self-reliance despite sanctions.

Starlink's India launch is near, offering high-speed satellite internet within a year. Expect a ₹3,000 monthly fee and ₹33,000 equipment cost. This follows recent license approval, making it a premium service focused on rural areas. Pricing is lower than initially projected, mirroring its Bangladesh launch.

Maharashtra's FDA cracked down on quick-commerce, shutting down a Blinkit dark store in Pune for operating unlicensed & unsanitary conditions. This follows a similar Zepto suspension in Mumbai. The Pune store, run by Energy Darkstore Services, failed a June 5th inspection. Authorities require full licensing compliance before reopening.

Indian stock market shows support around 24,100-24,150. Range-bound trading expected. Interest rate cuts unlikely soon due to inflation near 5%. Upcoming budget anticipates tax benefits (health insurance, MSMEs, agri-tech).

India's census, including caste data, restarts. This massive undertaking, the world's largest population count, gathers demographic, housing, and other data to shape policy, welfare, infrastructure, and electoral boundaries. Results are expected by March 1, 2027.

SSC GD Constable 2025 results are coming soon on ssc.gov.in. The exam, held February 4-25, 2025, filled 53,690 posts. Results will be a PDF of qualifying roll numbers and cut-offs. No official release date/time yet.

India's tech sector booms as the number of Global Capability Centers (GCCs) with over $1 billion in revenue is projected to reach 30 in 2024, a significant increase from 24 in 2023. Major international banks like JP Morgan and Wells Fargo are among those contributing to this growth.

Bain's Pascal Gautheron predicts "agentic AI" as the key to enterprise-wide AI adoption. He notes slow current adoption due to ROI concerns, but expects tech spending to rise. 2023 saw a shift towards new AI approaches, with 2024 promising further advancements.

Odisha extends undergraduate college admission deadline to June 1st, 2025, from May 20th due to delayed Class 12 results. Students can apply online at www.samsodisha.gov.in.

Indian markets bounced back from US tariff concerns, but uncertainty lingers. Smart stock selection is crucial, shifting focus from broad market trends to individual company performance, favoring strong domestic cyclicals. Small/mid-caps are less emphasized. The RBI can still boost growth.

Sensex climbs 0.5%, hitting 81,642, fueled by Morgan Stanley's bullish outlook. They cite strong macro stability, robust earnings growth, ample domestic capital, and a dovish RBI. Geopolitical positives and retail investor buying support the market. Morgan Stanley favors domestic cyclicals (financials, consumer discretionary, industrials), while underweighting others.

L&T Technology Services, BITS Pilani, and CRENS partnered to boost national security R&D and skills. The collaboration, based at BITS Pilani Hyderabad, will focus on cybersecurity, perimeter security, and digital forensics. It involves defense experts, industry specialists, and researchers, fostering innovation, startup incubation, and policy advisory

Tata Teleservices, facing ₹19,256 crore in AGR dues and negative net worth, needs a bailout. Tata Sons may inject capital despite the Supreme Court rejecting telcos' AGR relief plea. The court left the door open for government intervention, leaving Tata Sons' support crucial for its struggling telecom arm.

Marc Faber advises stock picking over index investing amidst global market uncertainty. Trump's unpredictable policies, exemplified by tariff decisions and reversals, cause volatility. The weakening dollar, possibly influenced by tariffs, adds to market surprises. Selective stock choices, unlike index funds, offer potential for returns despite market instability.

Uttarakhand's Pithoragarh landslide blocked the Adi Kailash pilgrimage route, stranding hundreds. No casualties are reported, but the BRO works to clear debris. The monsoon season intensifies the region's landslide risk, frequently disrupting travel, especially on the high-altitude Adi Kailash route combining roads and trekking.

India's CCI approved Temasek's (via Jongsong Investments) minority stake acquisition in Haldiram Snacks Food Pvt Ltd. This follows the recent merger of Haldiram's Delhi and Nagpur entities, creating a unified FMCG powerhouse. Temasek's investment signals confidence in Haldiram's future growth in India's packaged foods market.

Vijay Shekhar Sharma & One97 Communications (Paytm) settle SEBI case over ESOP violations. Penalties imposed, and Sharma faces a 3-year ban on receiving stock options from listed companies. The case involved irregularities in employee stock option schemes.

India launched Operation Sindoor targeting sites in Pakistan across the LoC. Here's what we know so far about the 2025 cross-border military strike and its implications

'Operation Sindoor' saw India's Rafale fighter jets unleash Scalp missiles and Hammer bombs - two of the most advanced air-to-ground weapons in the Indian Air Force's arsenal

The finance minister said India aims to strengthen itself based on the assets it possesses - whether human capital, technology, or sectors with growth potential

Public sector lender Union Bank purchased 189,450 paperback and 10,422 hardcover copies of Krishnamurthy V Subramanian's book 'India@100: Envisioning Tomorrow's Economic Powerhouse' for ₹7.25 crore

Mumbai's outdated Terminal 1, plagued by operational issues, is facing phased demolition by the Airports Authority of India.This staged modernization minimizes disruption while upgrading the airport's aging infrastructure, resolving long-standing problems.The phased approach ensures continued airport operations throughout the redevelopment. 1 is slated for phased demolition by AAI.

India will significantly boost the number of defense attachés in its embassies. This is part of a new initiative to directly negotiate some arms deals, bypassing traditional procurement processes.

Arun Menon resigns as independent director of Gensol Engineering, a day after Sebi barred the firm and its promoters over alleged fund diversion and governance lapses, His departure came just a day after Sebi issued an order on Tuesday, barring Gensol Engineering and it

Google is conducting layoffs affecting its Platforms and Devices division, including Android and Pixel teams. This contributes to the rising concern of extensive job cuts across the tech industry.

Aegis Vopak Terminals has received the final observations from the Securities and Exchange Board of India (Sebi), allowing them to raise ₹3,500 crore through an initial public offering (IPO). The public issue is entirely a fresh issuance of equity shares with a face value of ₹10 apiece from Aegis Vopak Terminals, amounting to ₹3,500 crore.

The Supreme Court hears 73 petitions challenging the Waqf Amendment Act. Seven states support the Act's constitutionality, while petitioners argue it infringes on religious autonomy. The court will decide the legality of the Act.

The temporary tariff pause doesn't halt deglobalization; instead, it fuels uncertainty. The Trump administration's aim to bring manufacturing back to the US persists, leaving the future of trade policy unclear. rerwerweverewrjew ewrwekrewrew rewrewrewr

Investor anxiety is rising due to increasing Treasury yields, a weak dollar, and falling trade stocks. A US slowdown, partly blamed on trade policies, leads to expectations of Federal Reserve rate cuts. Separately, a train collision occurred in India's

President Trump announced India will lower tariffs before April 2nd, avoiding retaliatory US duties. This follows Trump's claims of global trade barrier dismantling. The Indian tariff reduction is likely a concession to avoid escalating trade tensions w

₹The rise in tariffs will raise prices in major economies and trigger an economic slowdown, possibly even prompting a recessionary phase, says Montek

IND vs BAN HIGHLIGHTS: Shubman Gill (101 not out) completed his second consecutive century in ODI cricket to take India over the line in 229 runs chase

Indian stock markets experienced a downturn today, with the Sensex and Nifty declining. Mid- and small-cap indices fared worse, falling by 1.47% and 1.45% respectively. This widespread market weakness points to a broader negative trend.

Moody's warns that emerging market economies face significant headwinds due to the instability caused by fluctuating US policies. The report highlights the vulnerability of these economies to the unpredictable nature of US actions on the global stage 1.