In a significant political maneuver, the Congress party withdrew its candidate from the Baramati bye-election just before the nomination deadline. This decision, influenced by appeals from the Pawar family and Mahayuti partners, ensures Sunetra Pawar faces no major opposition. The bypoll was necessitated by the tragic passing of Ajit Pawar.
President Donald Trump issued stern warnings to Iran regarding the Strait of Hormuz, accusing Tehran of hindering oil shipments. He also criticized The Wall Street Journal’s reporting on his Iran policy, asserting his actions have prevented Iran from obtaining nuclear weapons and will soon restore oil flow. These statements follow a recent ceasefire agreement between
Alwar police have arrested Archana Arora, wife of an ICICI Bank regional head, and her alleged lover, Rishabh Sharma, for conspiring to kill her husband. The complaint details an illicit relationship, alleged theft of valuables, and an attempted murder. Archana later retracted a rape accusation against Rishabh, then allegedly threatened her husband for more money.
India is well-positioned to navigate global energy shocks due to strong forex reserves, fiscal space, and a robust banking system, according to the World Bank. The institution projects an average growth of 7.1% for FY28-FY29, also highlighting the potential of recent trade agreements with the EU and UK to boost exports and household incomes.
Sensex dropped 931 points to 76,632 as foreign funds led a selloff amid fragile US-Iran ceasefire fears and continued Israeli actions in Lebanon. Global markets mirrored the caution, with Nikkei down and US indices flat. Rising crude prices and a weakening rupee further impacted Indian investor sentiment.
Indian stocks are poised for a significant rally, with Morgan Stanley projecting the Sensex could reach 95,000 by year-end. This optimistic outlook is fueled by expectations of stable economic conditions, renewed private investment, and robust domestic demand. Analysts foresee a strong earnings upcycle, potentially driving the index even higher, with a 20% chance of surpassing
Amidst global turbulence, Shaktikanta Das emphasized India’s energy security and self-reliance, highlighting its role as a stable anchor. He advised the corporate sector to build resilience and diversify. Das asserted that India’s prudent policy responses and strategic autonomy have enabled it to emerge stronger from various crises.
TCS remains optimistic about future growth, driven by strong AI momentum and a steady deal pipeline, despite a recent revenue dip. The company achieved a four-year high in operating margins, enabling continued investment in growth areas like its AI data center business, Hypervault. Key markets and industry segments showed sequential growth, with a robust order
