38 C 
China's warning reveals what really happened at Modi-Takaichi summit
India and Japan's recent summit in Delhi has sparked concern in Beijing. Agreements on defense, critical minerals, and AI signal a strategic shift, prompting China to caution against exclusive small groupings. The summit's focus on economic security, diversified supply chains, and defense co-development, particularly the UNICORN project, directly challenges China's economic and strategic leverage. This collaboration, alongside renewed Quad support, signals a growing regional architecture aimed at balancing China's influence.
Quote of the Day by Aretha Franklin: Aretha Franklins quote, You cannot define a person on just one thing. You can't just forget all these wonderful and good things that a person has done because one thing didn't come off the way you thought it should come off, explores the importance of fairness, compassion, and balanced judgment. The quote suggests that a person's character should be measured by the entirety of their actions, values, and contributions rather than by a single mistake, failure, or moment that falls short of expectations.
EU Commission proposes five major cross-border defence projects
The European Commission has put forward five significant cross-border defence initiatives, paving the way for EU funding. These projects, including a drone and counter-drone effort involving 26 nations, aim to enhance innovation and the European defence industry. Other key areas include maritime, air and missile defence, and space-based defence. A 325 million budget is allocated, with potential for more, to boost competitiveness and reduce market fragmentation.
Over 800 Chinese entrepreneurs attend India investment conference in Hangzhou
Hangzhou, China, buzzed with over 800 Chinese business leaders, investors, and tourism professionals at a pivotal conference. Organized by the Indian Consulate in Shanghai, the event spotlighted India's burgeoning investment prospects, focusing on trade, technology, and tourism. Discussions revolved around AI, supply chains, and innovation, underscoring India's 'Developed India 2047' and 'Self-Reliant India' visions.
Psychology suggests that people who always eat hot dogs on the Fourth of July are often doing more than keeping a tradition alive. Familiar holiday foods can strengthen feelings of belonging, reinforce family rituals, and bring back positive memories from past celebrations.
'Are you kidding me?': GOP lawmakers clash with former special counsel Jack Smith over Trump probe
Call to strengthen sustainable refrigeration technologies in seafood industry
Kerala must adopt innovative cold-chain technologies to boost product quality, enhance export competitiveness, said Fisheries Minister V. E. Abdul Gafoor
Maersk places order for 1,000 shipping containers with DCM Shriram Group
Global shipping giant AP Moller-Maersk has ordered 1,000 more India-made shipping containers from DCM Shriram Group. Union Minister Sarbananda Sonowal unveiled the first such container, marking a significant step towards self-reliance in maritime manufacturing. This partnership is set to boost India's global supply chain presence and manufacturing capabilities, supported by government initiatives promoting domestic production.
FDA issues compliance order for milk sector in Maharashtra; warns of Rs 10 lakh fine for violations
Maharashtra FDA has mandated strict food safety compliance across the entire milk supply chain, from farms to retailers. New guidelines aim to prevent adulteration and ensure uniform standards. Violations like operating without licenses or making false claims can now incur fines up to Rs 10 lakh. The FDA emphasized accountability for all stakeholders, including transporters, and warned of license cancellations for non-compliance, following similar actions in the hospitality sector.
Food Processing Minister Chirag Paswan asks food cos to focus on making quality products
Union Minister Chirag Paswan underscored the potential within India's food processing industry, encouraging businesses to focus on quality to compete in international markets. He raised alarms about the increasing obesity rates among young people, advocating for healthier snack options.
Centre sets up ICAR committee to look into AP mango crisis
This decision comes right after Chouhans recent visit to the State, where he listened to farmers share their challenges
Punjab Basmati exporters seek assurance from Goyal on sticking to current GI area
Amazon Data Services, L&T ink over 17-year lease for 4-acre land in Mumbais Powai
Amazon Data Services India has significantly expanded its data centre footprint in Mumbai's Powai, leasing an additional four acres from Larsen & Toubro for over Rs 650 crore. This latest deal brings their total leased land in the area to 13.5 acres since 2022. The move signals Amazon's commitment to bolstering its infrastructure amid surging demand for cloud services and AI applications in India's prime data centre market.
India has successfully manufactured its first export-import shipping container for global giant A.P. Moller-Maersk, marking a significant stride towards self-reliance in maritime manufacturing. This achievement, a direct result of Prime Minister Modi's 'Make in India' vision, underscores growing international confidence in India's capabilities.
Delhi government clears Rs 8,300-crore for 7-year programme to combat air pollution
In a bid to improve air quality, the Delhi government has introduced an ambitious seven-year project worth Rs 8,300 crore, primarily funded by the World Bank at 65%. The 'Clean Air, Healthy Delhi' program aims to significantly improve air quality and cut emissions from various sources. A coordination workshop is scheduled for July 10 to prepare stakeholders for this pivotal effort.
PM Modi to visit Indonesia, Australia, New Zealand next week
Prime Minister Modi embarks on a crucial diplomatic tour of Indonesia, Australia, and New Zealand from July 8-11. This visit underscores India's 'Act East' policy, aiming to bolster strategic partnerships in the eastern maritime region. Discussions will span maritime security, defense, trade, critical minerals, and emerging technologies, building on existing collaborations and recent agreements like the New Zealand FTA.
6 healthy protein snacks to keep at your office desk
Indian officials to testify before US Trade Representative to counter tariff move
India is set to strongly contest proposed US tariffs next week, arguing that allegations of forced labour are legally unsound and will harm American businesses. Indian industry representatives will present a robust counter at a public hearing, highlighting the country's comprehensive legal framework and compliance measures.
Dearness Allowance: DA is revised twice a year by the All-India Consumer Price Index (AICPI) to match cost-of-living. Here's a look at the numbers and whether employees could get 3-4% DA hike this month
Is today a holiday? Are banks, mail, USPS, FedEx, Stock Markets open on July 3, Friday?
Are Banks open today: Americans are curious to know whether banks, mail, USPS, FedEx, Stock Markets are open or closed on Friday, July 3.
Odisha signs pact with Japanese co, ACME Group for Rs 67,000-cr investment
Odisha has inked a significant Memorandum of Cooperation with ACME Group and Japan's IHI Corporation, committing an investment of Rs 67,000 crore for green industrialization and technology transfer. This collaboration aims to establish a massive green hydrogen ecosystem in the state, building on recent large-scale investments. Chief Minister Mohan Charan Majhi highlighted Odisha's ambition to become a global leader in green steel production, with two dedicated industrial corridors being developed.
Recep Tayyip Erdogan's warm ties with Trump offer Turkey an edge ahead of NATO summit
President Trump's close ties with Turkish leader Recep Tayyip Erdogan are set to ensure his attendance at the upcoming NATO summit in Turkey. Erdogan has leveraged this personal rapport to secure Trump's presence, potentially paving the way for significant defense deals, including F-35 fighter jets and jet engines, despite congressional opposition and past U.S. concerns over Turkey's ties with Russia.
Syngene International MD & CEO Peter Bains resigns
Bains has resigned from the position of MD & CEO with effect from the close of business hours on June 30, Syngene International said in a regulatory filing.
Monaco bombing: Interpol names suspect who reportedly targeted Russia-linked Ukrainian tycoon
Interpol has identified Anastasiia Berezovska, a 39-year-old Ukrainian woman, as the suspect in a Monaco bombing that injured three people, including a Ukrainian tycoon with alleged Russian ties. Authorities believe the attack was targeted and the suspect may have disguised herself as a man. The bomb was detonated remotely.
DERC tweaks regulation for EV charging infra expansion in Delhi, utilisation of PM E-DRIVE subsidy
Under the existing Delhi Electricity Regulatory Commission (Supply Code and Performance Standards) Regulations, demand notes for low-tension electricity connections of up to 200 kW included only service line and development charges, security deposit and road restoration charges, they said.
Coldplay frontman Chris Martin believes facing life's inevitable challenges, even heartbreak and illness, is crucial for personal growth. He emphasizes that these difficult experiences, though painful, are not signs of failure but essential stepping stones that build resilience and shape us into our best selves. Martin's perspective encourages confronting adversity with courage rather than avoidance.
Assam produces Matcha tea for first time, fetches Rs 3,000 per kg at auction
Assam has officially entered the premium Matcha tea market, with the state's first commercially produced batch fetching an impressive Rs 3000 per kg at auction. This significant development, spearheaded by the Chota Tingrai Tea Estate, marks India's debut in this high-value segment. Chief Minister Himanta Biswa Sarma highlighted the move as a boost to Assam's tea legacy and global brand, underscoring strong India-Japan ties.
Air India, Singapore Airlines engineering subsidiary to set up MRO unit
At present MROs owned by Adani, GMR and government-owned AIESL provide third party services to Indian and overseas carriers.
Allahabad HC dismisses writ petition challenging Great Value Realty project in Noida
The Allahabad High Court has cleared the path for Great Value Realty's ultra-luxury Ekanam project in Noida, dismissing a challenge against additional floor area ratio (FAR). The ruling allows the developer to proceed with the 4-acre, Rs 3,000 crore development, which includes 280 residences. The court found the land was always designated for future expansion and that a majority of homebuyers supported the plan, with the Noida Authority acting transparently.
The central government has introduced the EPF Scheme, 2026, mandating a fixed monthly contribution of 1,800 each from employees and employers. Here's how the new rules may shrink your final provident fund corpus.
Psychology says biting the skin around the fingers may be linked to body-focused repetitive behaviors, emotion regulation, habit formation, and negative reinforcement rather than simple bad habits.
A Thane court has acquitted a husband and his parents in a dowry harassment and abetment to suicide case. The judge ruled that ormal wear and tear of matrimonial life doesn't constitute cruelty, and the prosecution failed to prove a direct link between the accused's actions and the 21-year-old nurse's death. The court found no specific evidence of harassment, highlighting the lack of a direct connection to the tragic event.
India aims for $1 trillion exports this fiscal year, says Piyush Goyal
India is targeting a monumental $1 trillion in exports this fiscal year, a significant leap from last year's $863 billion. Union Minister Piyush Goyal revealed the ambitious plan, which requires merchandise exports to surge by 17% to approximately $530 billion, while services exports are projected to grow by 11% to nearly $470 billion. This strategic push aims to bolster the nation's economic standing on the global stage.
US Independence Day 2026: 250th anniversary and presidents who died on July 4th
America gears up for its 250th Independence Day, a momentous occasion celebrating liberty and self-governance. This July 4th also echoes a peculiar historical coincidence: three U.S. presidents, including Founding Fathers Thomas Jefferson and John Adams, passed away on this date. Nationwide festivities, from parades to dazzling fireworks, will mark this significant anniversary.
Following Operation Sindoor, Pakistan established the Army Rocket Force Command to bolster conventional strike capabilities, aiming to counter India's below-threshold responses. India's successful defense, utilizing S-400 systems, blunted Pakistani attacks during the conflict. This move highlights a shift towards non-contact warfare, with both nations re-evaluating their military strategies and procurement plans.
As extreme summer heat pushes more U.S. pet owners indoors, the frozen dog bowl DIY is emerging as one of the smartest dog cooling ideas of the season. This low-cost summer dog enrichment trick combines hydration, mental stimulation, and healthy treats in one activity. Using plain yogurt, pumpkin, kibble, and dog-safe fruit, the frozen bowl keeps dogs busy longer while reducing boredom during hot afternoons.
Russia halts petrol sales in city as Ukraine strikes deepen fuel crisis
Ukrainian strikes on Russian energy infrastructure have triggered a severe fuel crisis, forcing curbs on sales and leading to price hikes. Cities like Novorossiysk have suspended gasoline sales to private motorists, while others see Cossacks deployed to manage queues and prevent conflict. Russia is now importing fuel and allowing lower-quality production to combat shortages.
DU likely to begin ECA admission trials from July 15, issues guidelines for candidates
Delhi University is set to commence physical trials for admissions under the Extra-Curricular Activities (ECA) quota from July 15. Candidates must check the university's admission portal for the schedule and report to their allotted centers with original certificates and CUET scorecards. No borrowing of equipment is permitted, and trials will assess proficiency without a set syllabus. Decisions are final, with no room for grievances or rescheduling.
Indian religious leaders pay tribute to Ayatollah Khamenei
Drone shows earthquake devastation in Venezuela's La Guaira
In riposte to Donald Trump, Friedrich Merz says Germany can defend its military spending push
Chancellor Friedrich Merz defended Germany's defense spending, stating the nation is significantly increasing its budget, a move he described as an unprecedented effort to bolster capabilities. Merz asserted that Germany has no reason to feel ashamed of its commitment to defense, especially in light of past criticisms. This substantial investment highlights a new era for German military strength.
I-T dept allows charitable trusts to seek fresh approval post deadline, taxpayers to get 80G relief
The deadline to apply for fresh approval expired on 30 September 2025. Following this, all the applications made by charitable trusts were rejected purely on the grounds of delay in seeking approval. With the latest circular, the I-T department has provided relief to these charities.
Netflix launches NextGen India Writers' Program to discover emerging storytellers
Netflix is nurturing India's burgeoning storytelling talent with its new NextGen India Writers' Program. This initiative offers emerging screenwriters, with up to three years of experience, a two-month hybrid program featuring expert mentorship and workshops. Participants will hone original series concepts into detailed bibles, aiming to discover and support the next wave of Indian entertainment creators. Applications open July 1st, 2026.
HUDCO to provide up to $10.50 billion loan for Bihar infrastructure projects
Bihar is set to receive a massive financial boost for its urban development. Housing and Urban Development Corporation (HUDCO) has inked a preliminary deal to offer up to 1 trillion ($10.50 billion) in loans over five years. These funds will fuel urban infrastructure projects, including land acquisition, and even support the creation of new satellite cities.
Manufacturing MSME credit growth slows to three-year low: Report
Manufacturing MSMEs are experiencing the slowest credit growth in three years, raising concerns about lenders' strategies. Only 41% of registered small businesses have accessed formal credit, and the share of new borrowers is declining. While trades and services sectors saw faster credit expansion, manufacturing's asset quality improvement lagged. This trend highlights a need for collective efforts to boost credit accessibility for emerging enterprises.
International delegates join mass farewell ceremony for Khamenei, coffins placed for public tribute
Japan emerges as largest APAC contributor to India's GCC ecosystem: Deloitte
Deloitte report highlights shift to high-value innovation and expansion to Tier-2 cities
Psychology suggests that people who repeatedly say, I'll do it tomorrow, are often influenced by a combination of emotional and cognitive processes. Factors such as emotion regulation, temporal discounting, self-efficacy, habit formation, perfectionism, and the gap between intentions and actions can all contribute to delaying tasks, even when someone genuinely wants to get them done.
'Can't continue with this one-sided relationship!': Trump escalates NATO clash over defence spending
CMFRI identifies new deep-sea fish from Arabian Sea
Cyttopsis indica was found at depths of 350 m to 500 m along the continental slope of the eastern Lakshadweep Sea
Pakistani politician's relative among 4 arrested in foreigners' gangrape case in Lahore
Four individuals, including a relative of Pakistan's Deputy Prime Minister Ishaq Dar, have been arrested in Lahore for the alleged gangrape of two foreign women. The victims, from the Netherlands and Venezuela, reportedly met the prime suspect, Raza Dar, through a cryptocurrency venture. They claim they were abducted and assaulted upon arriving in Pakistan for a business visit. Police are actively searching for a fifth absconding suspect.
July 4 Independence Day: History, significance and why the US celebrates it
America's Independence Day, celebrated annually on July 4th, commemorates the 1776 adoption of the Declaration of Independence, freeing the 13 colonies from British rule. This federal holiday blends patriotic ceremonies with community festivities, reminding all of the nation's founding principles of liberty and self-governance. The journey to independence involved protests, conflict, and ultimately, the formal declaration that shaped the United States.
BLS E-Services acquires Atyati Technologies for Rs 157 crore
BLS E-Services has acquired Bengaluru-based Atyati Technologies for approximately Rs 157 crore in an all-cash deal. This strategic move aims to bolster BLS E-Services' reach and impact in underserved communities by integrating Atyati's AI-powered banking solutions and extensive network of customer service points. The acquisition is anticipated to drive significant synergies, including network expansion and cost efficiencies, contributing to long-term growth.
India's forex reserves fall $5.65 billion to $666.93 billion in week ended June 26
India's foreign exchange reserves experienced a significant dip of $5.65 billion, reaching $666.93 billion by June 26, 2026. This follows a prior week's gain. The primary driver of this decline was a reduction in foreign currency assets and a notable decrease in gold reserves. Special Drawing Rights and India's IMF position also saw minor contractions.
Retirement planning involves personalized strategies for investing according to risk appetite and anticipated lifestyle changes. Factors like inflation and healthcare costs must be incorporated into calculating the necessary retirement corpus.
Mother Sparsh sees up to 40% growth as baby-care boom defies consumer slowdown
Mother Sparsh anticipates a robust 30-40% revenue surge this year, defying broader consumption slowdowns. Indian parents are prioritizing their babies' health and well-being, investing in premium, 'no nasties' products. Leveraging ITC's extensive distribution, the brand aims to expand its reach beyond online channels into smaller cities, tapping into a growing demand for trusted, scientifically-backed baby care solutions.
Gujarat ATS arrests 8 'members' of terror outfit Jaish-e-Mohammed
Gujarat's Anti-Terrorist Squad has apprehended eight individuals suspected of having ties to Pakistan-based Jaish-e-Mohammed. Arrested across Gujarat and Madhya Pradesh, the group was allegedly working to establish an active terror network within the state. Authorities have registered a case against them under the UAPA and Bharatiya Nyaya Sanhita, signaling a significant crackdown on potential terror operations.
6 best indoor plants for small apartments
Chinese Proverb of the Day highlights the meaning of When meeting people, speak only thirty percent of your thoughts. The saying reflects the importance of thoughtful communication, self-restraint, and emotional intelligence rather than speaking impulsively. It suggests that wisdom is not measured by saying everything that comes to mind, but by knowing what to share, what to withhold, and when to speak. By encouraging careful speech and active listening, the proverb reminds us that meaningful conversations are built on discretion, respect, and good judgment rather than excessive openness.
Monsoon turns fierce: Four-day rain blitz targets West, Central India
The Bay low may intensify into a more marked system in next two days after moving fully over the sea, where warmer waters will fuel its strength
Services PMI dipped 17-month low of 57.8 in June
The index is derived based on responses from purchasing executives of 400 companies
Orange kittens seem to be everywhere, from family living rooms and college apartments to social media feeds filled with playful feline videos. But their popularity in the United States isn't just another internet trend. It comes from a unique mix of genetics, decades of pop culture, and the way people connect emotionally with pets.
The viral prank that's costing E-rickshaw drivers their livelihood
China is forging a new economic corridor linking Bangladesh and Myanmar, offering a strategic route to the Bay of Bengal and mirroring the CPEC's impact on India's western flank. This initiative, discussed during Bangladesh's Tarique Rahman's visit to China, aims to enhance transport links and deepen political and military ties, including a '2+2' dialogue.
UIDAI allows Aadhaar email updates through app without centre visit
Aadhaar holders can now conveniently update their email addresses directly through the Aadhaar mobile app, a new free service from UIDAI. This initiative, available for six months, aims to simplify profile management and enhance security. The feature has seen rapid adoption, with hundreds of thousands already utilizing it. Linking an email provides real-time notifications for Aadhaar usage, boosting transparency and offering an extra security layer.
Employees' Provident Fund Organisation: We take a look at the top four reasons an EPF subscriber's claim for their employees' provident fund may be rejected. Check the reasons here, explained.
KP Group appoints Sunil Kumar Maheshwari as Vice-Chairman
KP Group has appointed Sunil Kumar Maheshwari as Vice-Chairman, bringing his extensive experience to the boards of its three listed companies. Meanwhile, ITC Hotels is expanding its Rajasthan footprint with a new 145-key Welcomhotel in Salasar, a popular pilgrimage destination. This move aims to bolster ITC Hotels' presence across various brands in the state, catering to the significant visitor influx.
Parimala And Co, starring Jayaram and Urvashi, is set to make its OTT debut about a month after its theatrical release. Directed by Pandiraaj, the Tamil black comedy thriller follows a middle-class family whose lives are thrown into turmoil after the mysterious death of a local troublemaker leads to a murder investigation and growing suspicion within the household. Blending dark humour, suspense and family drama, the film features an ensemble cast including Yogi Babu, Mysskin and Sanjana Krishnamoorthy, with music by FoxN.
June heat topped 35C for two-thirds of Europe population
A recent heatwave saw over 410 million Europeans endure scorching temperatures above 35C, impacting vast swathes from Spain to Ukraine. This June event surpassed the scale of the 2003 record heatwave, with millions in France, Spain, and Italy experiencing prolonged extreme heat. Several nations, including Germany and Poland, shattered all-time temperature records, while France recorded its hottest nights ever.
Rescue mission launches to save NASA telescope that's falling back to Earth
A mission is underway to save NASA's Swift Observatory from a fiery plunge. Launched from the Pacific, a specialised spacecraft named Link will rendezvous with the aging telescope, which is rapidly losing altitude due to solar activity. This rescue, costing $30 million, aims to boost Swift's orbit, potentially allowing it to continue its cosmic observations until September.
Tata Power Renewable Energy commissions 100.8 MW Jewali wind project in Maharashtra
Tata Power Renewable Energy Ltd (TPREL) has successfully commissioned its 100.8 MW Jewali Wind Project in Maharashtra, boosting its wind energy portfolio to over 3.9 GW. This new facility will supply clean electricity to Tata Power Mumbai Distribution, aiding in meeting renewable targets and significantly reducing CO emissions. The project is a key step towards Tata Power's goal of 100% clean energy generation by 2045.
Gulf carriers eye Boeing, Airbus jets as Air India weighs delays
Gulf airlines like Etihad and Saudia are reportedly eyeing earlier aircraft delivery slots, potentially from Air India's deferred orders. This comes as major planemakers Boeing and Airbus have extensive backlogs, making near-term deliveries highly sought after for fleet modernization. While Air India states its plans are on track, these discussions highlight the competitive scramble for new aircraft.
Meet Bengaluru's Pratitee Bordoloi: Thirteen-year-old Woman FIDE Master Pratitee Bordoloi won silver at the FIDE World Youth Chess Championship 2026 in Italy, finishing as Indias only medallist. A maths prodigy with a shared birthday with Garry Kasparov, she combined sharp calculation, calm preparation and independent thinking to produce an unbeaten run in the Girls Under-18 category.
Titan expects gold prices to stay elevated, volatile amid global tensions
Titan anticipates elevated and volatile gold prices due to global geopolitical tensions, impacting short-term jewellery demand. However, the company remains optimistic about India's long-term jewellery market growth, driven by favourable demographics and gold's appeal as a safe asset. Despite challenges like US tariffs and volatile gold prices, Titan achieved a landmark Rs 75,000 crore revenue in FY26, with its jewellery division contributing significantly.
CBDT provides relief to charitable organisations on renewal of approval
CBDT has waived the delay in filing form 10AB for funds and institutions from October 1, 2025, to March 31, 2026, to ease genuine hardship, per a circular
Kolkata trams to get an upgrade, AC coaches and new routes including DakshineswarKalighat proposed
MP High Court orders protection for judge after threats over lynching verdict
Madhya Pradesh High Court has ordered protection for Additional District and Sessions Judge Tabassum Khan after she received threats following a conviction in a 2022 mob lynching case. Judge Khan sentenced 14 individuals to life imprisonment for a lynching motivated by cow smuggling suspicions. The court deemed the threats serious, impacting judicial independence, and directed police to identify and act against those responsible.
Air India, SIA Engineering to set up maintenance, repair and overhaul joint venture in India
Air India and Singapore Airlines' engineering arm are exploring a joint venture to establish a world-class Maintenance, Repair, and Overhaul (MRO) facility in India. This collaboration aims to bolster India's aviation MRO capabilities and cater to growing regional demands. Building on existing partnerships for component support and base maintenance, the move signifies a deepening strategic alliance between the two entities.
Bollywood superstar Aamir Khan is set to tie the knot with his fiance Gauri Spratt on July 5th in an intimate home ceremony. The low-key affair will be attended by close family and friends, including Aamir's children from previous marriages, signifying a blended family union. Gauri Spratt, an entrepreneur from Bengaluru, maintains a private life despite her high-profile relationship. Invitations have been personally delivered to approximately 150 guests.
Industry body ASMA urges government to waive customs duty on primary aluminium, scrap
The Aluminium Secondary Manufacturers Association (ASMA) is urging the government to eliminate basic customs duties on primary aluminium and scrap. This move aims to lower raw material costs for the crucial MSME sector, boost downstream manufacturing, and enhance India's global competitiveness. Industry leaders believe this will unlock idle capacity and create more jobs, supporting the nation's manufacturing ambitions.
India-Japan ties should not target third party: China on Japanese PM Sanae Takaichi's visit to Delhi
China has voiced concerns over bilateral cooperation that could target third parties, following India and Japan's announcement of landmark initiatives including economic and defense pacts. Beijing emphasized that such partnerships should foster regional understanding and stability, not division. The joint statement also expressed worry over the East and South China Seas, opposing unilateral actions. This comes amid strained Japan-China ties and China's leverage over rare earth minerals.
Overseas demand lifts tea prices in Kochi auctions
The orthodox tea market witnessed a 92% sales out of the offered quantity of 2,80,925 kg
NCLT to admit case only if debt, default established: Insolvency & Bankruptcy (Amendment) Act
New Delhi: Legal experts highlighted that the Insolvency and Bankruptcy (Amendment) Act 2026 mandates 'debt' and 'default' for NCLT case admission. The amended act introduces phased resolution plan approval, restored CIRP before liquidation, and bars resolution professionals from acting as liquidators. Competition law saw a surge in merger control cases, with the CCI's approval timelines shrinking. The Supreme Court also clarified rules on merger notifications.
DAC clears Rs 52,000 crore defence acquisitions, boosts drone and air defence capabilities
Defence Minister Rajnath Singh-led DAC greenlit defense procurements worth 52,000 crore, bolstering the Army, Navy, and Air Force with advanced capabilities. Key acquisitions include anti-drone systems, missiles, and unmanned warfare technology. The approvals aim to significantly enhance operational readiness against modern aerial and mechanized threats, ensuring a stronger defense posture for India.
New IISc Bengaluru study: Researchers at the Indian Institute of Science have found that low-frequency ultrasound can selectively kill oral cancer cells while leaving healthy cells largely unharmed. The study, conducted with clinicians at MS Ramaiah Medical College and Hospitals, could help pave the way for less invasive and more targeted treatments for one of Indias most common cancers.
Hundreds of medical coders in Kochi and Kozhikode faced abrupt termination from a US-based healthcare firm, sparking outrage. Employees reported being forced out without notice, prompting intervention from Kerala's Labour Department and local MLA Uma Thomas. The company has agreed to discuss compensation and has put further terminations on hold pending a meeting with the Labour Secretary, aiming to prioritise employee continuation in service.
JSW Steel starts work on Rs 16,350 crore Andhra Pradesh steel project
JSW Steel has initiated construction on a significant 2 million tonne steel plant in Andhra Pradesh, a project valued at over Rs 16,350 crore. This ambitious venture, to be developed in two phases by its subsidiary JSW Rayalaseema Steel Ltd, will initially focus on a 1 MTPA integrated plant for low-carbon steel.
Airport operators tell Centre airline fee relief no longer warranted
Private airports are urging the civil aviation ministry to end the three-month discount on domestic flight landing and parking charges, set to expire July 6. The Association of Private Airport Operators (APAO) argues the geopolitical situation has stabilized, making the concession unnecessary. They propose allowing operators to recover foregone fees from airlines and suggest a mechanism for recouping these costs from revenue share payments.
SC halts Delhi government's CAG audit of private discoms
The Supreme Court has put a hold on a CAG audit of three private power discoms in Delhi, a move initiated by the Delhi government concerning a massive Rs 38,500 crore in accumulated regulatory assets. The court questioned the legality of the Delhi Electricity Regulatory Commission's (DERC) decision to appoint the CAG, ordering a status quo until further orders.
Maruti's plant inauguration by PMs of India, Japan 'greatest possible honour': T Suzuki
Suzuki Motor Corporation President Toshihiro Suzuki expressed immense honor as Indian and Japanese Prime Ministers virtually inaugurated Maruti Suzuki's new Kharkhoda plant. This significant event underscores a deepened commitment to Viksit Bharat, with a focus on human development. Suzuki emphasized this by visiting skill development and road safety institutes, highlighting the importance of nurturing talent for India's progress.
