INDIA
Seven golds, three silvers: India's boxing contingent punches its way to best-ever Commonwealth Games performance
India's boxing team achieved its best-ever Commonwealth Games performance. Seven gold medals and three silvers were secured by the contingent. Ankush Panghal and Sachin Siwach won gold in men's boxing events. Jaismine Lamboria and Preeti Pawar also secured gold medals for India. Lovlina Borgohain and Jadumani Singh earned silver medals in their respective categories.
India's youth driving advances in AI, space & deep tech: PM Narendra Modi
Prime Minister Narendra Modi stated India's youth power technological advancements and economic growth. Young entrepreneurs are driving India's digital economy and creating new jobs. India is rapidly advancing in semiconductor manufacturing and artificial intelligence. The nation has significantly expanded its higher education infrastructure over recent years.
India writing new chapters in AI, semiconductors and space, says PM Modi
Prime Minister Modi lauded India's youth for driving technological advancements and economic progress. Young entrepreneurs are powering India's mobile manufacturing and startup ecosystem growth. Education reforms and expanded infrastructure are preparing youth for future opportunities. Sports initiatives are identifying talent and strengthening the nation's sporting ecosystem. Youth are key to India's digital economy and self-reliance initiatives.
India enters the story as China begins to rewrite the chips playbook
India and China are pursuing sharply different semiconductor strategies. While China is developing domestic lithography machines to reduce reliance on foreign technology, India is strengthening ties with ASML through Tata Electronics to enter the global semiconductor equipment supply chain. The Tata-ASML discussions could help India build advanced manufacturing capabilities and emerge as a key player in the semiconductor ecosystem.
Hyundai Motor India July total sales up 25.4 pc at 75,360 units
Hyundai Motor India achieved its highest monthly sales volume in July 2026. Domestic sales reached an all-time high, increasing by 23.3 percent year-on-year. Exports also saw significant growth, rising by 31.4 percent during the same period. Total sales for the month stood at 75,360 units, marking a 25.4 percent increase. This performance underscores strong consumer trust and commitment to the Make-in-India initiative.
India's record renewable generation in July cuts coal's share in power mix to 1-year low
India's coal power generation fell to its lowest point in a year during July. Renewable energy sources reached a record high, contributing twenty percent to the nation's power mix. Solar and wind output exceeded one hundred gigawatts for the first time in history. Hydropower generation declined due to lower rainfall caused by El Nino patterns. Increased demand and reduced hydro output may drive a surge in coal-fired power generation.
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India ready for a premium wealth show while US missiles rattle the world
India's festive shopping season is set to highlight the country's premiumisation boom despite global uncertainty triggered by the US-Iran war. Economists and industry executives say resilient consumer demand, rising household wealth and a rapidly expanding affluent class are driving spending on premium products, from smartphones and luxury homes to automobiles and branded goods, making premium consumption a defining theme of India's economy.
Friendship Day 2026 Date: When and how to celebrate in India
Friendship Day 2026 falls on Sunday, August 2, following India's established tradition. The United Nations officially recognizes July 30 as International Day of Friendship. Bollywood's Kuch Kuch Hota Hai popularized the August date for exchanging friendship bands. Modern celebrations involve digital messages and personal gifts among friends. Both dates are valid, with India preferring its own August observance.
India to get 11 new flying schools to tackle India's 30000+ pilot shortage
Airports Authority of India awarded eleven new flying training slots with an aim to boost domestic pilot training capacity. The expansion will help meet the projected demand for over thirty thousand pilots. New facilities will add hundreds of training aircraft and simulators. This initiative will reduce foreign training dependence and retain expenditure within India.
Hockey India meltdown amid jersey furore: Prez Tirkey says wasn't consulted; Sec gen insists all were aware
Hockey India president Dilip Tirkey claims he was unaware of the saffron jersey decision. Secretary Bhola Nath Singh insists all officials knew about the uniform change. Former players criticized the move, questioning the team's established identity. Tirkey sought written clarification from officials regarding the approval process. The controversy arises before the upcoming World Cup tournament.
The rankings debate misses India's real higher education challenge
University rankings spark debate over their fairness and relevance globally and in India. Indian institutions show strength in research impact but lag in reputation metrics. Private universities actively manage their ranking performance through dedicated teams and data systems. Premier public institutions face challenges in systematically documenting and presenting their achievements. India must focus on institutional management and data systems to improve global standing.
Stopped India, Pakistan war with tariff threats, claims Trump again
President Trump proclaimed that tariffs played a crucial role in bringing an end to last year’s conflict between India and Pakistan. He suggested that the threat of these tariffs fueled resentment in both countries. However, India insists that the ceasefire was a result of a request from the Pakistani military, while firmly denying any external interference in the situation.
India invites Russia for BRICS Summit in New Delhi: Report
India has extended an invitation to Russia for the upcoming 18th BRICS Summit. Preparations are actively underway for the summit, which India will host. The event is scheduled to take place in New Delhi on September 12-13. Bangladesh also received an invitation for the summit's outreach segment. BRICS currently includes eleven member nations from various global regions.
India closely monitoring US bill targeting buyers of Russian oil, says MEA
Focusing on national interests, India's energy procurement policy underscores the importance of energy security. With the proposed US sanctions bill against Russian oil importers on the radar, New Delhi is attentive to safeguarding its energy supplies. The country is dedicated to achieving reliable and affordable energy through diverse sourcing avenues while maintaining cooperative dialogues with US officials regarding this evolving situation.
Maldives launches Favara-UPI payment service with India
Maldives has launched real-time fund transfers to India using UPI. This integration connects Maldives' Favara system with India's popular payment platform. Individuals can now send money instantly to UPI-enabled accounts in India. This initiative strengthens digital financial connectivity and bilateral economic cooperation. Future phases will introduce more cross-border payment solutions.
India's Q1 FY27 fiscal deficit widens to Rs 3.1 lakh crore from Rs 2.8 lakh crore a year ago; at 18.2% of full-year target
India Q1 FY27 fiscal deficit: The fiscal gap was higher than the Rs 2.8 lakh crore recorded during the April-June period of the previous financial year, showing increased government spending even as revenue collections remained robust.
Who gets faster Internet? India's net world may soon have first class and economy
India is reviewing its net neutrality rules to allow 5G network slicing, a move that could let telecom operators offer premium connectivity with guaranteed speed, latency and reliability. The policy shift could transform industries from healthcare to manufacturing while raising concerns about a two-tier internet where businesses and consumers pay for faster network performance.
Bosch Home to start AC exports from India in two years: CEO & President Jan Brockmann
Bosch Home Comfort Group will begin India exports within two years, aiming for global manufacturing. The company is investing eighty million euros to expand its Indian manufacturing capacity significantly. India's stable geopolitical ties and strategic location make it a manufacturing hub for multiple regions. This fresh investment is Bosch's largest manufacturing commitment globally in recent times.
India doubles down on strategic manufacturing--from semiconductors to hydrogen trains: Finmin Report
India is accelerating a broad-based industrial strategy that spans semiconductors, electronics, commercial space, green mobility, rare earths, shipbuilding and coal gasification, signalling a coordinated push to reduce import dependence, strengthen domestic manufacturing and build resilient supply chains amid an increasingly uncertain global environment.
India climbs 25 places to 57th in global rankings on back of structural, pro-competitive reforms
India's position in structural and global rankings has improved from 82nd to 57th as per a statement by the Ministry of Commerce & Industry.
Tourism ministry, IndiGo join hands to promote India as global tourism destination
The tourism ministry and IndiGo have partnered to promote India as a global destination. This strategic collaboration will utilize digital and print media extensively. IndiGo's network will amplify India's tourism message to wider audiences. The campaign will showcase India's diverse cultural and natural attractions. This initiative aims to enhance India's visibility in key markets.
India 25 notches up on global competitiveness index
India advanced 25 places to rank 57th globally in a competitiveness index. This improvement reflects sustained efforts in reducing market distortions and strengthening competitiveness. Reforms like GST and IBC significantly boosted domestic market conditions for businesses. The report highlights the importance of an evidence-based approach to competition policy. India should continue defending exporters against foreign regulatory barriers.
India bonds slip on Fed uncertainty, war worries
On Thursday, Indian government bonds faced a decline for the third consecutive day. The rise in U.S. Treasury yields dampened enthusiasm for Indian debt instruments, while escalating geopolitical tensions from the Gulf region further affected market dynamics. Additionally, concerns about the Federal Reserve's ambiguous interest rate plans placed additional strain on bond prices. Nevertheless, measures from the Reserve Bank of India, which facilitated dollar inflows, offered some respite.
India's gold demand hits six-year low in Q2 despite record spend
India's gold demand reached a six-year low in the April-June quarter. Record-high prices and increased import duties significantly reduced consumer purchases. Jewellery demand saw a notable year-on-year decrease despite Akshaya Tritiya. Investment demand also moderated, though gold remains a preferred hedge. Consumers increasingly used gold loans for liquidity needs, bypassing sales.
Gold pulled India back from the edge of crisis 35 years ago
Thirty-five years after India pledged 67 tonnes of gold to avert a balance of payments crisis, the episode remains one of the defining moments in the country's economic history. The emergency gold airlift bought crucial time for the landmark 1991 economic reforms that transformed India from a licence-permit economy into one of the world's fastest-growing major economies.
Discounts narrow on Russian Urals crude in India
Discounts on Russian Urals crude oil delivered to India have dropped significantly this week. Stronger demand from Indian refiners is linked to renewed hostilities in the Iran war. This rebound marks a sharp change from earlier July when discounts were much larger. Indian refiners have stepped up purchases of Russian oil for stable feedstock.
India's AI boom is rewarding engineers more than coders
India's AI and manufacturing push is reshaping job market, with engineers, technical support professionals and infrastructure roles seeing stronger salary growth than software developers, according to TeamLease. Backed by govt investments in semiconductors, electronics and EVs, the country's next wage boom appears increasingly tied to building and running AI infra.
Trade gap seen as by-product of India's development stage, investment needs, energy dependence: Govt to Parliament
India's imports grew significantly, reflecting domestic demand and manufacturing expansion, the govt said. The trade deficit highlights development needs and energy dependence for economic growth, it added.
Coal India's Q1 capex rises by 16.64% to Rs 3,399 crore
Coal India's capital expenditure rose sixteen point six four percent to three thousand three hundred ninety-nine crore rupees. Land acquisition and resettlement activities accounted for nearly one-fourth of the total expenditure during the quarter. The company also invested significantly in strengthening its coal evacuation infrastructure and plant machinery. Diversification into clean energy saw investments in solar projects and joint ventures.
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