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Indian Rs 100 rupee banknotes featuring Mahatma Gandhi, spread out in an overlapping pattern

Markets

NSE's Own IPO Won't Put a Rupee in NSE's Pocket

NSE has filed papers for an estimated Rs 30,000 crore IPO, poised to be India's largest ever. Every rupee of it is existing owners selling shares they already hold; the exchange itself collects none of it.

July 6, 2026

Six rural Indian women farm workers standing together in a vivid green paddy field

Business

India Raised the Rural Job Guarantee and Cut the Centre's Share of the Bill

VB-G RAM G promises more days of guaranteed work and a higher minimum wage than MGNREGA ever did. To fund it, the law hands states a share of a bill Delhi used to cover alone.

July 6, 2026

Indian armed forces personnel marching in a ceremonial parade toward India Gate in New Delhi at dawn

Geopolitics

The Navy Wants Three Times as Many Agniveers as Agnipath Allows

India's Navy is reportedly asking to keep about 75% of its first Agniveer batch, and the Army and Air Force near 50%. Agnipath's founding pitch was built on keeping a quarter.

July 6, 2026

Rashtrapati Bhavan, the Indian presidential palace in New Delhi, at sunrise with manicured lawns in the foreground

Business

Delhi and Goa Already Sit Above the Income Line India Has Missed for 19 Years

The World Bank has kept India in its lower-middle-income group for 19 straight fiscal-year reviews. Convert what Delhi and Goa actually produce per head into the same dollars, and both already clear the line the whole country has not.

July 6, 2026

A spacecraft in low Earth orbit, its solar panels and robotic arm visible against the curve of the Earth below

Science

India's Satellite-Kill Debris Outlived Its Own 45-Day Promise

India's 2019 anti-satellite test was engineered to clean up after itself within 45 days. The last catalogued fragment did not decay for more than three years, and India's own satellite fleet now flies through what is left.

July 5, 2026

Oil and gas tankers anchored near a coastal storage terminal, with more ships waiting offshore under a clear sky

Business

India Diversified Its LNG Buyers But Kept Rationing Gas Anyway

India's emergency gas rationing order outlasted its own fix: allocations were back near normal by April, but the order itself stayed live until the Strait of Hormuz reopened in July.

July 5, 2026

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