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Temasek Plans $10B India Investment Over Three Years

{"summary":"Temasek plans to invest about $9-10 billion in India over the next three years, broadening its exposure into industrials and artificial intelligence while maintaining bets in consumer, financial services, and healthcare. The $42 billion-strong India portfolio is being positioned for long-term growth with continued emphasis on AI, renewables, and domestic-market strengths, including a target to raise AI share to roughly 15% of its global portfolio by 2031.","summary_sources":["https://www.whalesbook.com/news/English/industrial-goodsservices/Temasek-Eyes-India-Industrials-and-AI-with-dollar9B-Investment/6a60fff3fe1c9287f47c1274","https://timesofindia.indiatimes.com/business/india-business/temasek-widens-scope-of-india-investments/articleshow/132564849.cms","https://www.newsbytesapp.com/news/business/temasek-plans-up-to-5b-yearly-india-investments-amid-growth/tldr","https://economictimes.indiatimes.com/news/company/corporate-trends/temasek-doubles-down-on-india-sees-long-term-opportunities-in-family-businesses/articleshow/132562713.cms","https://www.whalesbook.com/news/English/international-news/Temasek-Plans-dollar10-Billion-India-Investment-Over-Three-Years/6a60cec2fe1c9287f47bc85a"]}

9 sources

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Samsung Unveils Galaxy Watch Ultra 2 and Watch 9

Samsung's Galaxy Watch Ultra 2 adds an 800mAh battery, a thinner 10.7mm design, rugged build, and first-time EN13319 diving certification, with Mares dive features available by subscription for recreational depths up to 40m. The watch also targets multi-day use with Snapdragon Wear Elite, improved performance, and enhanced outdoor-sports capabilities reflected in its brightness, sensors, and durability ratings.

9 sources

Lalit Modi to Return After SAFEMA Relief

"Lalit Modi has secured a legal vindication after appellate tribunals set aside penalties in the 2009 SAFEMA/FEMA case related to IPL South Africa, and says he plans to return to India after 16 years, though he will continue living in London and visit India periodically." Modi frames the relief as clearing the way to reconnect with his homeland and the IPL’s future, while keeping London as his base and aiming to visit India around year-end or early next year as his family events unfold.

19 sources

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Pakistan Regains B Rating Following S&P Upgrade

S&P Global Ratings upgraded Pakistan’s long-term sovereign credit rating to B from B- with a stable outlook, crediting stronger institutions, sustained IMF-backed reforms, improved fiscal discipline, and a sharp rise in foreign exchange reserves to about $25.3 billion, boosting external financing capacity. The upgrade, welcomed by the government, is expected to boost international investor confidence, support continued growth and reform momentum, and open up new financing opportunities as Pakistan pursues a stronger fiscal stance in the coming years.

6 sources

Lok Sabha suspends Banerjee amid NCPI split

Trinamool Congress MP Kalyan Banerjee was suspended for the remainder of the Monsoon Session after reports that he used abusive language against women MPs and heatedly clashed with NCPI rebels in the Lok Sabha. The move comes amid a major TMC split, with about 20 MPs defecting to NCPI, highlighting internal tensions in the party.

6 sources

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SC upholds Baghel bail in liquor case

The Supreme Court upheld the bail of Chaitanya Baghel, son of Bhupesh Baghel, in two cases tied to the Chhattisgarh liquor scam and dismissed petitions by the ED and state government seeking its cancellation, while expunging adverse High Court remarks about the probe. The Court stressed that cancellation of bail depends on whether continued liberty would seriously prejudice justice, not merely the order’s formal reasoning, and clarified that the High Court’s critical observations were removed from the record as the investigation continues.

5 sources

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Apollo Micro Systems Secures Navy PSO for SAVIOR-ASW

Apollo Micro Systems has secured a Make-II Prototype Sanction Order from the Indian Navy to design, develop, and demonstrate the SAVIOR-ASW semi-submersible unmanned vessel for persistent anti-submarine warfare, signaling a shift to prime platform development and strengthening India's autonomous maritime capabilities. The Make-II process funds the prototyping with no government cost and sets the stage for procurement via successful trials, in line with Atmanirbhar Bharat goals and potential long-term sovereign contracts.

8 sources

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Carnelian Asset Management Secures SEBI Mutual Fund Approval

Carnelian Asset Management & Advisors has secured SEBI approval to launch a mutual fund business, enabling it to offer active and passive funds across equity, debt and hybrid categories to retail investors, alongside its PMS, AIFs and offshore strategies. With over ₹18,300 crore in AUM and 8,600+ clients served via 710+ partners as of June 30, 2026, the firm positions itself to capitalize on India's expanding mutual fund industry, which totals over ₹82 lakh crore AUM and tens of millions of folios and SIPs, while founder Vikas Khemani emphasizes deeper penetration beyond metros and growth opportunities in rural India.

6 sources

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Pawar, Sule Meet Modi Amid NDA Merger Speculation

{"summary":"Sharad Pawar and Supriya Sule met Prime Minister Modi amid ongoing NEET-UG protests and pressed for the government to address demands, while Sule denied reports of an NDA merger, even as discussions about a possible reunification of NCP factions with the NDA circulated and a decision window of 8-15 days was mentioned.","summary_sources":["https://www.lokmattimes.com/maharashtra/sharad-pawar-and-supriya-sules-meeting-with-pm-narendra-modi-fuels-ncp-sp-ncp-merger-speculation-a517/","https://one.news18.com/english/article/india/sharad-pawar-supriya-sule-meet-pm-modi-amid-ncp-nda-merger-buzz-eng-9910226811","https://www.moneycontrol.com/news/india/sharad-pawar-supriya-sule-meet-pm-modi-in-parliament-amid-intensifying-delhi-protests-13980304.html","https://thenewsmill.com/2026/07/sharad-pawar-and-supriya-sule-meet-pm-modi-during-monsoon-session/","https://www.ndtv.com/india-news/sharad-pawar-supriya-sule-meet-pm-modi-amid-buzz-over-ncp-support-to-nda-11804595"]}

13 sources

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Delhi High Court Dismisses Vedanta's Cambay Block Extension

The Delhi High Court dismissed Vedanta's petitions, upholding the Centre's decision not to extend Vedanta's production sharing contract for the Cambay Basin OS/2 offshore block and authorizing its transfer to ONGC. The rulings reinforce government discretion under the 2017 Pre-NELP policy and allow the state to reallocate mature offshore assets to ONGC after contract expiry.

6 sources

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Jaishankar urges stronger India-ASEAN cooperation amid turbulence

Jaishankar pressed for deeper India-ASEAN cooperation to safeguard maritime trade, energy, food, and health security, and to ensure resilient supply chains amid global turbulence, while stressing adherence to international law and the importance of inclusive, rule-based ties. He also highlighted stronger regional partnerships, structured dialogue on key issues, and the role of the Philippines as coordinator to advance the India-ASEAN Comprehensive Strategic Partnership during meetings in Manila.

7 sources

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Trump Expands Generics Tariff, India Impact Highlighted

President Donald Trump unveiled a phased tariff plan for imported generic drugs, imposing a zero tariff for two years starting August 1, 2026, then escalating to 100% for one year and 200% thereafter to push onshoring of U.S. production and penalize companies that don’t build domestic facilities. The move expands the administration’s pharmaceutical trade policy after an earlier Section 232 action and signals potential broader application beyond generics to reshape drug supply chains.

42 sources

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JioStar reports India rights for The Hundred 2026

JioStar has secured exclusive linear and digital rights in India for The Hundred 2026 from Sony Pictures Networks India, with all 68 matches streaming on JioHotstar and Star Sports Network. The six edition begins July 21 at The Oval with a women’s double-header, and the season features rebranded franchises such as MI London and SunRisers Leeds alongside marquee international and Indian players.

9 sources

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Dipke plans Bhim Army ticket contest

BJP MP Nishikant Dubey predicts Cockroach Janta Party founder Abhijeet Dipke will contest elections on a Bhim Army ticket, arguing that mass movements consistently produce political leaders. Meanwhile, the movement still regards Prime Minister Modi as its leader and seeks his intervention on issues such as the NEET paper leak, as thousands protest with Dipke at the forefront.

5 sources

PLI schemes attract Rs 2.4 lakh crore investment

India’s Production Linked Incentive schemes across 14 sectors have drawn over ₹2.40 lakh crore in actual investments, generated more than 14.15 lakh direct and indirect jobs, and boosted exports to ₹15.2 lakh crore as of March 2026, with mobile phone manufacturing at 99.2% domestically and imports down 77%. The schemes are regularly reviewed by the Empowered Group of Secretaries to address implementation issues and attract more investment, reinforcing Make in India and strengthening India's role in global value chains.

5 sources

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Maruti Suzuki plans price hikes up to ₹30,000

Maruti Suzuki India will raise prices of its entire model lineup by up to ₹30,000 from August 2026 due to sustained increases in input costs and inflation, marking a second portfolio-wide hike after June. The company says it has tried cost-reduction measures but must pass on some costs to customers, with the exact amount varying by model.

9 sources

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TVS Motor Q1 Profit Surges 67%

TVS Motor posted a strong Q1 FY27 with net profit up around 51% to 67% year-on-year and revenue increasing about 33-38%, underpinned by robust demand in domestic and international markets and record quarterly sales across motorcycles, scooters, and EVs. The board also approved raising up to ₹10 billion through non-convertible debentures and commercial papers to fund growth, including capital expenditure and debt refinancing.

18 sources

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ADNOC Approves $6.2B Umm Shaif Gas Project

ADNOC has taken a final investment decision worth about $6.2 billion to develop the Umm Shaif gas cap in Abu Dhabi with TotalEnergies, Eni and CNPC, aiming to unlock more than 600 million standard cubic feet per day by 2030 and strengthen the UAE’s gas supply and LNG capabilities. The investment reflects the UAE’s push to boost domestic gas output and energy security amid rising global demand and regional tensions, with related developments like the Bab gas cap expanding output and LNG capacity.

22 sources

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Kharge Skips Birthday Seeks Accountability Amid Protests

Congress president Mallikarjun Kharge refused to celebrate his 84th birthday to protest police action against student demonstrators, decrying lathicharges, tear gas, and the near-sealed Parliament and internet shutdown as assaults on democracy. He urged immediate parliamentary discussion, accountability for the crackdown and paper leaks, the resignation of Education Minister Dharmendra Pradhan, and a reformed, merit-based education system.

6 sources

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Volkswagen nears stake sale to JSW in India

Volkswagen is in advanced talks with JSW Group to sell a majority stake in Skoda Auto Volkswagen India Pvt. Ltd. to accelerate its expansion in India, one of the world’s fastest-growing auto markets, with discussions focused on forming a local partner and leveraging JSW’s footprint. However, critical details such as deal valuation, capital commitments, and investment size remain unresolved across multiple reports.

6 sources

China plans tighter AI model, chip export controls

China is weighing tighter export controls on AI models, training data, model weights, and advanced semiconductor designs, with MOFCOM consulting major domestic AI and chip firms to curb overseas access and restrict foreign acquisitions of strategic tech companies. The discussions, involving Alibaba, ByteDance, Zhipu AI, and other players, could reshape global AI collaboration and semiconductor supply chains, but no final rules have been issued.

5 sources

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Congress alleges Dhankhar forced to resign, no farewell

Congress leader Jairam Ramesh marks a year since Jagdeep Dhankhar’s resignation as Vice-President and Rajya Sabha Chairman, saying he was forcibly ousted after raising farmers’ distress and was denied a formal farewell. The remarks align Dhankhar’s exit with contemporaneous student protests over the NEET-UG 2026 paper leak and broader questions about government insensitivity.

6 sources

Transition VC launches ₹1,500 crore Fund II

Transition VC has launched Fund II with a target corpus of ₹1,500 crore to back around 20 engineering-led startups in the energy transition, advanced manufacturing and related deeptech, with investments of about $2-5 million over four years starting in Q3 FY27. The fund follows a successful Fund I (₹723 crore) that delivered roughly 57% IRR, over 3x MOIC, and zero write-offs, and expands the thesis to include energy networks, storage, and niche areas like nuclear and geothermal energy infrastructure for a more integrated portfolio.

8 sources

India raises windfall taxes on diesel, ATF exports

India has raised windfall taxes on diesel and aviation turbine fuel exports to ₹15.5 and ₹14.5 per litre respectively, while trimming the petrol export levy to ₹2.5 per litre, effective July 16 as part of a regular fortnightly review to stabilize domestic fuel availability amid volatile global oil prices and ongoing geopolitical tensions. The move aims to curb export surges, protect domestic supply, and ensure government revenue, with the context of elevated crude prices and supply disruptions influencing policy.

10 sources

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Temasek Plans $10B India Investment Over Three Years

Samsung Unveils Galaxy Watch Ultra 2 and Watch 9

Lalit Modi to Return After SAFEMA Relief

Pakistan Regains B Rating Following S&P Upgrade

Lok Sabha suspends Banerjee amid NCPI split

SC upholds Baghel bail in liquor case

Apollo Micro Systems Secures Navy PSO for SAVIOR-ASW

Carnelian Asset Management Secures SEBI Mutual Fund Approval

Pawar, Sule Meet Modi Amid NDA Merger Speculation

Delhi High Court Dismisses Vedanta's Cambay Block Extension

Jaishankar urges stronger India-ASEAN cooperation amid turbulence

Trump Expands Generics Tariff, India Impact Highlighted

JioStar reports India rights for The Hundred 2026

Dipke plans Bhim Army ticket contest

PLI schemes attract Rs 2.4 lakh crore investment

Maruti Suzuki plans price hikes up to ₹30,000

TVS Motor Q1 Profit Surges 67%

ADNOC Approves $6.2B Umm Shaif Gas Project

Kharge Skips Birthday Seeks Accountability Amid Protests

Volkswagen nears stake sale to JSW in India

China plans tighter AI model, chip export controls

Congress alleges Dhankhar forced to resign, no farewell

Transition VC launches ₹1,500 crore Fund II

India raises windfall taxes on diesel, ATF exports