CONTINGENCY
Skoda VW India gets nod for €1 billion investment under India 3.0 strategy
Skoda Auto Volkswagen India will invest ₹10,000 crore to expand operations. The company will focus on premium SUVs and electric vehicles. This investment follows indecision due to lower sales of current models. The new plan, India 3.0, targets premium utility vehicles. Vehicles will be based on the CMP 21 platform.
DGCA seeks removal of top Air India officials, show causes CEO Wilson
The Directorate General of Civil Aviation directed Air India to remove three officials. These officials violated pilot rest duty hours. The DGCA warned of license suspension for repeated violations. A show cause notice was issued to Air India CEO Campbell Wilson. The airline will reduce flights to Europe and North America. This reduction will continue till mid-July.
Mind Over Money: Why cricket and music keep PNB Housing CEO mentally fit and emotionally grounded
PNB Housing Finance CEO Girish Kousgi draws leadership lessons from cricket and music, stressing discipline, agility, and emotional intelligence. He believes in staying grounded, empowering teams, and leading with empathy, especially during business challenges and strategic transformations.
Federal judge blocks Trump effort to keep Harvard from hosting foreign students
A US judge stopped the Trump administration from blocking Harvard's international students. This is a win for Harvard in its fight against government sanctions. The court order allows Harvard to host foreign students while the case continues. Harvard sued after the government tried to revoke its ability to issue student visas.
Cannes was pleasant for India this year
India concluded Cannes Lions with 32 medals, BBDO India securing a Silver Lion for Ariel's 'Share The Load' campaign, recognized for promoting equal household chore sharing. FCB India's 'Lucky Yatra' stood out as the most awarded campaign. The festival highlighted a shift towards the 'human' factor, alongside discussions on AI's role and impact-driven creative interventions.
Pro-Palestinian activists say they damaged planes on UK air force base
British authorities are investigating after pro-Palestinian activists infiltrated RAF Brize Norton, vandalizing two Voyager refuelling planes with red paint and crowbars. Palestine Action claimed responsibility, citing UK's support for Israel and alleged involvement in Middle East conflicts. The incident prompted a security review across the UK's defence infrastructure, with police collaborating to apprehend the suspects.
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UK tries to ride two boats, its ties with Israel delicate as Trump threatens to bomb Iran
United Kingdom adopts a dual approach amid rising Israel-Iran tensions. British leaders advocate de-escalation, planning talks with Iran. Simultaneously, UK reinforces military presence, deploying jets to Cyprus. This mirrors past actions, like the Iraq War. UK faces pressure from US to support Israel. Legal constraints require any military action to be defensive. The UK's strategic military bases are focal points.
Meet SOCOM, the special US forces that may enter Iran to take care of 'loose nukes'
President Trump is considering military action against Iran, with a decision expected within two weeks, contingent on potential negotiations. The U.S. is concerned about Iran's nuclear program, particularly the possibility of unsecured nuclear material. SOCOM, a specialized force, is prepared to address unconventional threats, including those involving weapons of mass destruction, amid rising tensions.
Air India crash: Centre kicks off comprehensive review of airline performance, passenger safety
Following the Air India crash in Ahmedabad, the government initiated a comprehensive review of aviation safety and airline operations. Minister Naidu met with airline CEOs to discuss enhanced safety checks, Middle East tensions, and flight disruptions. Air India is reducing flights and restructuring schedules, while airport directors are ensuring passenger support during delays.
Construction, travel among 18 sectors to ring in $2 trillion revenue
A McKinsey report identifies 18 transformative sectors, including urban construction and renewables, poised to generate $1.7-2 trillion in revenue for India by 2030. These sectors, which accounted for $690 billion in revenue in 2023, could contribute 30% of India's incremental GDP by 2040, supporting the nation's developed economy goal. Urban construction is projected to be the highest revenue-generating sector.
India, France begin joint military exercise 'Shakti'
The Indo-French joint military exercise, 'Exercise Shakti,' has commenced in France, focusing on enhancing operational coordination and interoperability. This eighth edition emphasizes joint operations in a sub-conventional environment, aligning with Chapter VII of the United Nations Charter. Troops from both nations will engage in tactical drills and share best practices, strengthening the Indo-French defense partnership and promoting global security.
Civil Aviation Minister does review of safety after Air India crash
Following the Air India Boeing 787 crash that killed 274, the government initiated a comprehensive review of aviation safety and airline performance. Minister Naidu met with airline CEOs, emphasizing passenger safety and transparent communication amidst flight disruptions caused by safety checks, airspace closures, and weather.
Warning: Oil giant fears massive disruption if Hormuz shuts amid Iran-Israel conflict
Shell warns that escalating tensions between Israel and Iran, potentially disrupting the Strait of Hormuz, could severely impact global trade. With a quarter of the world's oil passing through this chokepoint, disruptions could affect energy-dependent nations like India. The situation is further complicated by signal jamming and potential US involvement, raising concerns about supply disruptions and rising oil prices.
'70 LPA is the New Middle Class': You will have nothing at the end of month if you have a home loan, warns banker
An investment banker's LinkedIn post reveals that even a ₹70 lakh annual salary can feel like middle class in India's metros. High home loan EMIs, car loans, school fees, and urban inflation leave little room for savings or discretionary spending. The post advises rethinking large housing loans to avoid this financial trap.
Apple eyes using AI to design its chips, technology executive says
Johny Srouji, Apple's senior vice president of hardware technologies, made the remarks in a speech in Belgium, where he was receiving an award from Imec, an independent semiconductor research and development group that works closely with most of the world's biggest chipmakers.
Air India to cut long haul international flights by 15%
Following a recent Boeing 787 crash in Ahmedabad and subsequent DGCA inspections, Air India will reduce its flights to Europe and North America by 15% until mid-July. This decision aims to increase the availability of contingency aircraft to manage cancellations caused by enhanced safety checks and airspace closures.
Indian Army dominates cross fitness event at Khaan Quest 2025
At Khaan Quest 2025 in Mongolia, the Indian Army Contingent showcased exceptional performance, securing the fastest timing among all participating nations. The team excelled in various drills, demonstrating physical fitness and tactical skills. This participation highlights India's dedication to global peacekeeping and strengthens international military cooperation, fostering camaraderie and interoperability among the soldiers.
Fighter jets, refuelling aircraft, frigate: UK assets in Mideast
Amidst rising tensions between Israel and Iran, Britain is increasing its military presence in the Middle East. Additional fighter jets and support aircraft are being deployed to the region. These assets will provide contingency support. Royal Air Force planes are already involved in Operation Shader against the Islamic State group.
'Sh** show': 'No Kings Protest' crowd outshadows Trump's $45 million lavish military parade
President Donald Trump faced criticism online Saturday after his military-themed birthday parade drew a smaller-than-expected crowd. The crowd at the $45 million military parade was comparatively smaller to the one which attended the No Kings protest across the US to protest Trump administration's policies during the second term. Netizens mocked Trump's military parade and alleged that the crowd was tiny.
ITC shares in focus after Rs 472 crore acquisition of Sresta Natural Bioproducts
ITC's shares are set to be in focus following the completion of its acquisition of Sresta Natural Bioproducts for up to Rs 472.5 crore. This acquisition, finalized on June 13, 2025, makes SNBPL a wholly-owned subsidiary and strengthens ITC's presence in the growing organic food sector, both domestically and internationally, with SNBPL's established network of farmers and certified organic farmland.
Indian Army participates in opening ceremony of exercise 'Khaan Quest 2025' in Mongolia
The Indian Army joined Exercise Khaan Quest 2025's opening ceremony in Ulaanbaatar, Mongolia, a multinational military exercise focused on peacekeeping. Defence Secretary of India and other dignitaries attended the ceremony.
UK moving assets, jets, to Middle East amid Iran crisis
Amid escalating tensions between Iran and Israel, the UK is deploying fighter jets and other assets to the Middle East as a contingency measure. Prime Minister Keir Starmer, who has spoken with both US and Israeli leaders, emphasizes the need for de-escalation.
'We are scared, situation unpredictable': Indian students in Tehran seek evacuation amid Iran-Israel escalation
Following Israeli airstrikes near key Iranian sites, Indian students in Iran are appealing to their government for evacuation, citing safety concerns and disruptions. Students report feeling tremors and experiencing internet outages, prompting the Indian embassy to collect contact information for potential evacuation.
'Nomadic Elephant', 'Khaan Quest' exercises significant milestone in India's defence diplomacy: MoD
India and Mongolia's military partnership strengthens with the successful completion of Exercise Nomadic Elephant and the upcoming Exercise Khaan Quest. These joint efforts underscore India's commitment to regional peace and its expanding defence diplomacy. The exercises enhance interoperability and peacekeeping capabilities, reinforcing India's role as a responsible stakeholder in global security.
Is Pentagon planning to invade Greenland and Panama? Pete Hegseth's remarks raise serious concerns
Pete Hegseth faced intense scrutiny at a Senate hearing over Signalgate chat row, Greenland invasion plans, his policies on women in uniform and transgender troops. The US Defense Secretary faced intense backlash regarding potential invasion plans for Greenland and Panama. His use of encrypted Signal chats for military operations raised concerns about protocol breaches and potential leaks of classified information.
Trump to attend security meeting on Friday after Israeli strikes on Iran
Following Israeli strikes on Iran, which targeted nuclear facilities and military commanders, President Trump will convene a National Security Council meeting. The U.S. is distancing itself from the strikes, prioritizing the protection of American forces. The U.S. embassy in Jerusalem has issued a security alert, advising personnel to shelter in place amid a complex and rapidly changing security environment.
Gold tops 1-month high as Middle East tensions spur safe-haven demand
Gold prices surged to a more than one-month high, fueled by safe-haven demand amid escalating Middle East tensions following Israel's strike on Iran. The rise was further supported by cooling U.S. labor market data and subdued inflation, increasing expectations for an earlier interest rate cut by the Federal Reserve.
Rare earth magnet supplies for certain applications may taper off by mid July: Report
Icra reports potential rare earth magnet shortages for automotive applications by mid-July 2025 due to China's export restrictions and shipment delays. The Indian auto industry, heavily reliant on Chinese NdFeB magnets, faces production planning uncertainty, especially for EVs. While exploring alternatives like importing fully assembled motors, logistical and regulatory challenges persist.
Indian, Mongolian contingents exchange best practices in counter-terrorism ops in joint exercise
India and Mongolia are conducting joint military exercise 'Nomadic Elephant' in Ulaanbaatar. Both forces are exchanging counter-terrorism and sniping techniques. The exercise focuses on non-conventional operations in semi-urban terrain. It aims to enhance operational capabilities under a UN mandate. Troops are refining tactics and operating in complex environments. The exercise promotes peace, security, and stability.
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