S&P Global Ratings Director YeeFarn Phua has said that Trump's tariffs are unlikely to significantly impact India's economic growth due to its non-trade-oriented nature, with exports to the US representing only about 2% of GDP. Despite increased tariffs on Indian imports, S&P maintains a positive outlook on India's sovereign rating, projecting a GDP growth of 6.5%.
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Security forces in Jammu and Kashmir's Kishtwar district discovered a terrorist hideout during a surveillance operation in the forests of Berighouth-Dugadda, Chatroo. The operation, conducted ahead of Independence Day, led to the recovery of an AK-47 rifle, ammunition, and binoculars.
FM Nirmala Sitharaman tabled the revised New Income Tax Bill 2025 in Parliament. This followed the withdrawal of the original bill. The new version incorporates recommendations from a Parliamentary Select Committee.
Tushar Gandhi criticized governors, alleging some disrupt governance in opposition-ruled states and act as 'hitmen.' He accused communal forces of manipulating the educated upper class, fostering irrationality and persecution of minorities. The grandson of Mahatma Gandhi also condemned the National Education Policy 2020 for promoting a slave mentality and hiding realities, advocating for state-specific education models.
A special NIA court in Jammu has charged three Jamaat-e-Islami operatives and a trust for allegedly raising and using funds to promote the banned organization's activities, violating the UAPA. The accused include Amir Mohammad Shamsi, Abdul Hamid Ganai, and Pakistan-based Mushtaq Ahmad Mir, along with the Al-Huda Educational Trust. Evidence includes witness statements, financial records, and money transfers.
The Indian Navy is set to conduct naval drills in the Arabian Sea, coinciding with Pakistan's naval exercises in its territorial waters. These drills follow a tense military standoff in May, during which India's armed forces executed coordinated strikes against Pakistani military assets, including aircraft and radar systems. A notable engagement involved an S-400 missile intercepting a Pakistani surveillance aircraft.
Shishir Mehrotra, former YouTube chief, stated securing funds at YouTube was difficult. He compared YouTube's funding to venture capital. Mehrotra noted YouTube gave 25% of earnings to Google. He launched skippable ads during his time. Mehrotra is now Grammarly's CEO. Grammarly raised $1 billion from General Catalyst. He highlighted YouTube did not have infinite money.
The Supreme Court overturned a murder conviction. The court stated that an accused's suspicious behavior isn't enough for a guilty verdict. There must be more evidence. The judges set aside earlier rulings. They emphasized conduct is just one factor. It needs strong support. An FIR admitting guilt is not fully admissible.
Sam Altman, CEO of OpenAI, has downplayed Elon Musk's criticisms of OpenAI and its new GPT-5 model, stating he doesn't focus much on Musk's opinions. This response follows Musk's claim that OpenAI would "eat Microsoft alive" after Microsoft integrated GPT-5 across its platforms. Altman highlighted Musk's past negative comments about OpenAI's models, questioning the Tesla CEO's current stance.
ICICI Bank has significantly increased the minimum balance requirement for new savings accounts opened after August 1st, raising it to Rs 50,000 for urban locations. This decision, a five-fold increase, contrasts with the trend of public sector banks waiving such requirements. The move has drawn criticism, with some bankers suggesting it aims to filter out low-value customers.
A devastating cloudburst in Jammu and Kashmir's Kishtwar district triggered flash floods, obliterating Chasoti village. At least 60 lives were lost, with scores injured and dozens still missing. Piyra Singh, a survivor, recounted the horror as his home collapsed, claiming the lives of his relatives. Rescue operations are underway as families grapple with immense grief.