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A US military Apache helicopter went down near the Strait of Hormuz on Tuesday amidst escalating tensions with Iran. The incident occurred following a significant military campaign launched by Donald Trump's administration against the Iranian regime. The exact cause of the crash, whether enemy action or mechanical failure, remains unconfirmed.

The Hindu National

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Watch: INDIA bloc’s latest huddle: What emerged behind closed doors? | Above the Fold | 08.06.2026

From the INDIA bloc’s latest strategy meeting and growing alliance tensions to the escalating U.S.-Iran conflict, a major arrest in West Bengal and Xi Jinping’s North Korea visit — The top stories of the day.

The Economic Times (India)

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BMW to hike prices from July 1

Mumbai: German luxury car maker BMW Group India on Monday said it will increase prices by up to 2 per cent across its entire BMW and MINI vehicle portfolios with effect from July 1.The price hike will be applicable across locally-produced as well as completely-built-up BMW and MINI brands, the company said in a statement."To protect our premium standards against macroeconomic headwinds -- specifically rupee depreciation and escalating logistics costs -- we are introducing a price increase of up to 2 per cent across our portfolio, effective July 1," said Hardeep Singh Brar, President and CEO, BMW Group India.Also Read: Indian retail auto sales rise 9.6% in May; dealers see monsoon-driven demand aheadBMW India's range of locally produced cars includes the 2 Series Gran Coupe, 3 Series Long Wheelbase, 5 Series Long Wheelbase, 7 Series, X1, X3, X5, X7, M340i and iX1 Long Wheelbase models.Besides, it also offers i5 M60, i7, i7 M70, BMW iX, M440i Convertible, M2 Coupe, M4 Competition, M5 and XM as completely built-up units (CBU). Also Read: Maruti, Tata lead hatchback revival as India's carmakers rediscover the mass market

‘Matter of utmost concern’: India urges de-escalation as Israel-Iran exchange fire

India has voiced grave concern over escalating Middle East violence, urging immediate de-escalation and diplomatic talks. The ongoing conflict, now over 100 days, is causing immense human suffering and impacting the global economy. Indian missions in Israel and Iran have issued urgent travel and safety advisories for citizens, emphasizing caution and immediate departure where necessary.

'Stop shooting': Trump demands as Iran, Israel resume strikes 1st time post ceasefire

Tensions flared as Iran and Israel exchanged missile and air strikes, shattering an April ceasefire and sparking fears of wider conflict. US President Trump urged an immediate halt to hostilities. The escalating attacks, involving Iranian missile barrages and Israeli strikes on Iranian targets, have disrupted regional stability and rattled global energy markets, with Iraq and Syria closing airspace.

The Economic Times (India)

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FIIs, weak global cues among 5 factors that could keep D-St under pressure this week

The Indian stock market ended last week in the red, with analysts flagging multiple factors that could keep pressure on Sensex and Nifty when trading resumes on Monday.On Friday, the Sensex closed 117 points lower at 74,243, while the Nifty 50 declined 50 points to settle at 23,367. Among the top laggards on the Sensex were Trent, TCS, Tata Steel, NTPC, HCL Tech, Bharti Airtel, Kotak Mahindra Bank and Reliance Industries, with losses of 1-2%.Here are five key factors likely to drive the stock market in the week ahead.1) Weak global cuesWall Street ended sharply lower on Friday, with the tech-heavy Nasdaq plunging more than 4% to log its steepest single-day decline since April 2025, after a stronger-than-expected US jobs report fuelled concerns that the Federal Reserve may keep interest rates higher for longer.The Nasdaq Composite tumbled 4.2%, dragged down by a more than 6% slide in Nvidia and an almost 8% drop in Broadcom. Broadcom’s weaker-than-expected guidance heightened concerns that AI-driven demand may not expand as rapidly as markets had anticipated. The Dow Jones fell 1.4%, while the S&P 500 dropped nearly 3%.European markets closed mixed, while Asian equities ended broadly lower. Japan’s Nikkei 225 and Hong Kong’s Hang Seng declined more than 1%, while South Korea’s Kospi plunged nearly 6%. China’s Shanghai Composite also ended about 1% lower.Also read: Why did Nasdaq plunge 4% to log worst day in over a year2) RBI policy impactReserve Bank of India (RBI) Governor Sanjay Malhotra on Friday announced that the central bank’s Monetary Policy Committee (MPC) unanimously decided to keep the policy repo rate unchanged at 5.25%, as it assessed the impact of rising energy prices and supply disruptions linked to the West Asia conflict. The RBI also increased the investment limit for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) in equity instruments.Indian equity markets are likely to remain range-bound next week amid a mix of domestic and global triggers, according to Siddhartha Khemka, Head of Research, Wealth Management, at Motilal Oswal Financial Services.“While the Reserve Bank of India’s measures to attract foreign capital and the government’s tax relief for foreign investors in government securities could support sentiment, we expect market movement to be driven largely by bottom-up stock picking and sector-specific action in the near term,” he said.Khemka noted that the central bank raised its FY27 inflation forecast to 5.1% and lowered its FY27 GDP growth projection to 6.6%, reinforcing concerns over energy prices, geopolitical tensions in West Asia and weather-related uncertainties.“If inflationary pressures remain elevated and external risks persist, the possibility of a future monetary tightening cycle could increase, keeping investors cautious. Going forward, investors will closely track energy prices, developments in the West Asia conflict, monsoon progress, FII flows and the impact of RBI’s policy measures for further market direction,” he added.3) FII selling continuesForeign Institutional Investors (FIIs) remained net sellers in the Indian market during the first week of June, offloading shares worth Rs 31,120 crore, according to Pabitro Mukherjee, Deputy Vice President – Research at Bajaj Broking. Domestic Institutional Investors (DIIs), meanwhile, continued to provide support as net buyers.“Investor sentiment remained subdued amid persistent geopolitical tensions, which kept crude oil prices elevated. Heightened global uncertainty, coupled with prevailing macroeconomic challenges, led to cautious market participation. Going forward, institutional flows are likely to remain highly sensitive to developments in US-Iran relations and movements in oil prices,” he said.4) Iran-US tensions US forces struck Iranian coastal radar sites on Saturday after intercepting drones launched by Iran toward the Strait of Hormuz, the US military said. Reuters, citing a US official, reported that the military believes the four Iranian drones were targeting regional maritime traffic. US Central Command said on X that it subsequently struck Iran’s surveillance sites in Goruk and Qeshm Island, both located along the Strait of Hormuz.Meanwhile, Iran’s Revolutionary Guard Corps said it had targeted US bases in Kuwait and Bahrain in retaliation for the strikes and fired on four tankers attempting to cross the strait without its permission. The developments renewed concerns over escalating tensions in the oil-rich Middle East.Also read: GIFT Nifty tumbles 1.5% as US stock market plunges. Will Dalal Street crash on Monday?5) Bond yields Rising inflation concerns pushed US Treasury yields higher. The yield on the 2-year Treasury note, which is highly sensitive to expectations around Federal Reserve policy, climbed to a 15-month high. Elevated interest rates typically make bonds more attractive relative to equities, weighing on stock market sentiment.Technical view on NiftyThe benchmark Nifty index ended lower for the second consecutive week, reflecting the cautious undertone prevailing in the market, said Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities.According to Rupak De, Senior Technical Analyst at LKP Securities, Nifty 50 has been moving within a defined range as markets digest the RBI’s policy announcement. He noted that sentiment remains weak, with the index continuing to trade below key moving averages. The Relative Strength Index (RSI) also remains subdued, indicating a lack of positive momentum.“In the near term, the index is likely to consolidate within the 23,300–23,500 range. A decisive breakout above 23,500 could trigger an upmove towards 25,700 and beyond, while a break below the 23,300 support level may result in a sharper correction,” he said.(With inputs from agencies)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Centre to deploy CoBRA units in Manipur before monsoon

Elite CRPF CoBRA commandos are being deployed to Manipur amidst escalating ethnic unrest, now involving the Naga community. This move follows a recent flashpoint that ignited fresh violence, leading to arson and abductions. Union Home Minister Amit Shah has ordered strong action against extremist elements across the state, aiming to restore order and public trust.

TMC To Move Court Over Recognition Of Bengal LoP, Kalyan Banerjee Targets Ritabrata Banerjee

TMC will move court Monday challenging recognition of the Leader of the Opposition in the West Bengal Assembly, calling it legally untenable and escalating TMC BJP tensions.

The Times of India

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‘Ready to make a deal’: Putin says Russia open to ending Ukraine war 'peacefully', sets rider

Russian President Vladimir Putin said Russia remains willing to reach a peaceful settlement with Ukraine but insisted Kyiv must accept battlefield realities and make concessions. He claimed Russian forces continue to gain territory and that Ukraine faces severe manpower shortages. His remarks came amid escalating long-range drone attacks by both sides, with no clear breakthrough in efforts to end the war.

The Times of India

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Middle East crisis: IndiGo grounds flights to six overseas destinations amid cost pressures

IndiGo is temporarily halting flights to six international destinations, including Hong Kong and Shanghai, until September 30. This strategic move aims to optimize its network amidst softer travel demand and escalating operating costs. The airline plans to resume services on October 1, contingent on improved market conditions, while maintaining a significant portion of its global operations.

Sam Altman 'accepts' clients telling him they spent entire 2026 budget in Q1

OpenAI's CEO Sam Altman revealed businesses are grappling with escalating AI costs, with some customers exhausting annual budgets early. This surge in spending, driven by increased AI adoption and agent usage, is prompting companies to reassess their investments. Altman acknowledges the need for greater efficiency to balance expanding AI use with operational expenses.

Ukraine strikes St Petersburg oil terminal as Russia reports bus attack killing 8 civilians

Ukraine launched deep drone strikes on St. Petersburg's energy and military sites, including an oil terminal and naval base, just as Russia hosted its economic forum. This follows a deadly Russian barrage on Ukraine. Russia accused Ukraine of a separate bus strike killing eight. The escalating drone war sees both sides targeting infrastructure far from the front lines.

Indian national killed in Iranian drone attack on Kuwait airport

An Indian national tragically died in an Iranian drone attack on Kuwait airport. The incident, which also caused significant damage to a passenger terminal, occurred amidst escalating regional tensions. The US military reported intercepting multiple drones targeting its forces in Kuwait and stated Iranian missiles fell apart en route.

The Times of India

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Cheaper gold by Rs 10 lakh - 15% import duty prompts smuggling wave in India

A recent surge in gold import duty has fueled a wave of smuggling, with illicit gold now available at discounts of up to Rs 10 lakh per kilogram. This creates a significant price disparity with legally imported bullion, mirroring trends seen after a similar duty hike in 2013. Industry experts warn of escalating unofficial imports.

Drones hit Kuwait airport after Iran and US traded strikes; IndiGo issues advisory

In response to escalating regional tensions, IndiGo Airlines has suspended all its services to and from Kuwait, following a drone strike impacting the airport's passenger terminal. This closure of Kuwait's airspace has led to considerable disruptions for travelers.

News18 (India)

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3-Language Formula To OSM Row: Major CBSE Controversies During Ex-Chairman Rahul Singh's Tenure

On Tuesday, the Centre transferred Singh from the post of CBSE chairperson amid the escalating row over the board's On-Screen Marking system and ordered an inquiry

The Economic Times (India)

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IndiGo shares fall as airline halts Manchester flights amid soaring operational costs

Shares of InterGlobe Aviation, the operator of IndiGo, fell more than 1% to their day's low of Rs 4,425 on the BSE on Wednesday after it suspended flights to and from Manchester from August 31, as prolonged airspace restrictions and rising operational expenses continue to weigh on long-haul services.The airline said the temporary suspension will lead to the return of one of the six Boeing 787-9 Dreamliner aircraft leased from Norse Atlantic Airways, which were brought in to support its long-haul international expansion plans.In a statement issued on Tuesday, IndiGo said ongoing international airspace constraints have significantly increased flight durations, while a difficult cost environment has made operations on the route increasingly challenging. As a result, services between India and Manchester will be paused from August 31, 2026.The carrier had inducted six Boeing 787-9 Dreamliners on damp lease from Norse Atlantic Airways in early 2025 as part of its strategy to accelerate entry into European markets before the arrival of its own Airbus A350 aircraft. The Manchester service was among the first long-haul routes launched under this initiative.According to the airline, a combination of geopolitical tensions in the Middle East, elevated aviation turbine fuel (ATF) prices, severe airspace restrictions and currency volatility pushed operating costs well above original expectations.Abhijit Dasgupta, Senior Vice President for Network Planning and Revenue Management at IndiGo, said the route had received a strong response from passengers despite the operational difficulties."We inducted these wide-body aircraft on a short-term basis to fast-track our connectivity to high-potential long-haul destinations such as Manchester and witnessed very encouraging demand response," Dasgupta said."Unfortunately, longer flying times due to airspace constraints coupled with dramatically escalating costs compelled us to take the decision to temporarily discontinue our India-Manchester services," he added.The airline stressed that the suspension is only temporary and reaffirmed its commitment to growing its long-haul international network. Dasgupta said the positive customer response had strengthened IndiGo's confidence in the long-term viability of the Manchester route and its wider international expansion plans.IndiGo also said affected passengers will be notified in advance and assisted with alternative travel options or refunds, wherever applicable. The airline clarified that all of its other long-haul international services will continue to operate as scheduled.IndiGo Q4 snapshotIndia’s leading airline by market share reported a net loss of Rs 2,536 crore for the fourth quarter of FY26, compared with a net profit of Rs 3,067 crore in the corresponding period last year. Revenue from operations, however, edged up 1% year-on-year to Rs 22,438 crore.The airline said its operational performance during the quarter was affected by disruptions linked to the ongoing conflict in the Middle East. Capacity, measured in available seat kilometres (ASKs), increased 3.4% year-on-year to 43.6 billion. IndiGo shares have fallen 20% in the last six months and about 17% in the last 1 year. Sensex, Nifty today: Catch all the LIVE stock market action here (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Rubio set to testify before Congress for first time since US-Iran war amid scrutiny over Trump's diplomatic efforts

US Secretary of State Marco Rubio is set to face congressional scrutiny over the Iran war, growing bipartisan concerns about its costs, and the Trump administration's foreign policy. Lawmakers are also expected to question Rubio on escalating tensions with Cuba.

Russia launches major attack across Ukraine; several feared trapped after missile-hit building collapses

Russia unleashed a major overnight assault on Ukrainian cities, including Kyiv and Dnipro, hours after President Zelenskyy's warning. Fatalities and injuries were reported in Dnipro, with fears of people trapped in Kyiv's rubble. Meanwhile, a Ukrainian drone strike claimed a civilian life in Russia's Kursk region. Peace efforts remain stalled amidst escalating cross-border attacks.

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The Economic Times (India)

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