India's 2026 economic outlook hinges on monsoon performance, with El Niño posing a significant risk. The NSE report notes a younger, more diverse investor base expanding beyond traditional markets, yet trading activity remains concentrated among a few large investors.
Dairy executives warn of another milk price increase by July or August, potentially 3-4%, if El Niño and a deficient monsoon worsen fodder shortages and impact milk production. Prices already rose 2-3% in May.
India's High Court ruled that payments for employees deputed to India by foreign firms are taxable 'foreign technical services' (FTS), not cost reimbursements. This decision against EY US could increase costs for MNCs by up to 10%, prompting re-evaluation of secondment arrangements and GST liabilities.
California Democrats have passed a new sales tax on digital software downloads, set to take effect next year. Governor Gavin Newsom is expected to sign the measure, projected to generate $900 million annually. The tax aims for parity between physical and online software sales.
Bill Pulte, President Trump's pick for acting director of National Intelligence, reportedly arrived a day early and requested a list of all employees to determine potential firings. Sources suggest hundreds of jobs may be cut. Pulte's lack of experience and past use of his housing authority position against political enemies have drawn criticism.
The Football Federation Islamic Republic of Iran is filing a complaint with FIFA, citing travel restrictions that disadvantage the national team during the FIFA World Cup 2026. The federation claims these measures disrupt preparations and recovery, impacting competitive fairness.
Outgoing Director of National Intelligence Tulsi Gabbard released documents alleging Anthony Fauci funded gain-of-function research at China's Wuhan Institute of Virology and misled Congress about his role and the virus's origins.
Outgoing DNI Tulsi Gabbard released documents alleging Anthony Fauci funded gain-of-function research at China's Wuhan lab and misled Congress about COVID-19 origins. Gabbard claims Fauci worked to suppress truth and influenced intelligence assessments.
US drivers are seeing relief as national average gas prices dropped below $4 a gallon on Thursday, driven by falling oil prices and a tentative peace agreement between the US and Iran. Despite the decrease, prices remain higher than pre-war levels.
Unconscious skin, nail, and cuticle picking is often a coping mechanism for stress, anxiety, or tension, not a lack of willpower. It can become an automatic reflex, triggered by ingrained habits linked to comfort or stress relief. Self-awareness, logs, reminders, and keeping hands busy can help, but professional treatment is advised if physical injury, significant distress, or functional disruption occurs.
Malaysian police arrested 58 individuals and confiscated over MYR 500,000 (USD 124,000) in illicit funds during a crackdown on illegal World Cup gambling. The operation, involving multiple agencies, targeted betting websites and platforms.
Malaysian police arrested 58 individuals and seized over half a million ringgit (US$124,000) in illicit proceeds during a World Cup gambling crackdown. The operation, involving multiple agencies, targets illegal football betting from June 11 to July 19, with 52 raids conducted and 42 websites/apps flagged.
Hong Kong has been selected to host the 2025 Hyrox World Championships in June at the AsiaWorld-Expo. This event marks a significant growth for the sport, which first launched in the region four years ago with fewer than 1,000 participants and has since grown to attract nearly 20,000.
Cuba has introduced 176 free-market reforms to combat a severe economic crisis, exacerbated by a US oil blockade. The measures, endorsed by the communist party, aim to reduce the state's economic role and attract investment across various sectors.
The CDC is allocating $107 million in emergency funding to combat Ebola outbreaks in the Democratic Republic of the Congo and Uganda. With nearly 1,000 cases in DRC and 31 in Uganda, officials cite the need for immediate support, though global risk remains low. Efforts are hampered by mistrust and resource shortages.
Multiple Indian opposition parties, including TMC, Shiv Sena (UBT), Samajwadi Party, and AAP, are experiencing internal crises, potential splits, and mass defections. This trend, exacerbated by loopholes in the anti-defection law, is reshaping the political landscape and impacting the ruling alliance's parliamentary strength.
Accenture is changing its salary increase structure for over 780,000 employees. Half of the approved hike will be a lump-sum payout in June, the other half added to base pay. This aims to provide immediate cash while managing payroll costs.
The Indian Rupee opened lower against the US dollar, falling over 20 paise to 94.71 due to the Federal Reserve's hawkish policy stance and a stronger global dollar. Despite this, market sentiment was boosted by a potential US-Iran agreement and ongoing trade talks between India and the US.
President Trump canceled the confirmation hearing for Jay Clayton as Director of National Intelligence, citing issues with the confirmation of his successor and the acting DNI. This move jeopardizes the reauthorization of Section 702 of FISA, a critical intelligence authority that has lapsed.
President Trump postponed Jay Clayton's confirmation as DNI, keeping Bill Pulte as acting DNI. Trump linked Clayton's approval to passage of surveillance and voter ID legislation.
President Trump canceled Jay Clayton's confirmation hearing for Director of National Intelligence, citing issues with the confirmation of his successor and the acting DNI. This imperils the reauthorization of Section 702 of FISA.
President Trump threatened to keep housing executive Bill Pulte as acting Director of National Intelligence indefinitely unless senators pass his voter ID bill and confirm James McDonald as a top federal prosecutor. Trump's demands have jeopardized the reauthorization of FISA and the confirmation of Jay Clayton for DNI.
Crisil reports Indian airlines' operating profits may drop 10-15% this fiscal due to high ATF prices, airspace restrictions, and rupee depreciation amid the Middle East conflict, despite potential easing in fuel prices.
A Russian military veteran claims Kiev is deliberately provoking Belarus into regional conflict through attacks and cooperation with opposition figures. He cited a drone attack on a Belarusian children's soccer team bus in Bryansk Region as the latest "bloody provocation."
