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Giant DK Shivakumar Cut-Outs Near Karnataka High Court Removed After Judges Take Note

According to officials, some of the cut-outs installed opposite Vidhana Soudha were so large that they partially obstructed the view of the High Court building.

India's CPI inflation expected to rise to 4.8%

New Delhi: India's CPI inflation is expected to rise by around 70 bps to 4.8 per cent with crude oil averaging USD 90/bbl in FY27, according to a report by 360 ONE Capital. This projection comes as the ongoing conflict in West Asia and a downgraded domestic monsoon forecast introduce fresh challenges to India's macroeconomic trajectory.The report noted that the conflict in West Asia and the resulting energy supply disruptions warrant a reassessment of key macroeconomic assumptions. "Our revised base case assumes de-escalation by mid-June, with crude oil averaging USD 90/bbl in FY27. Under this scenario, CPI inflation is expected to rise by around 70 bps to 4.8% (from 4.1%), while GDP growth moderates to 6.3% (from 6.7%). The fiscal deficit is projected to widen to 4.6% of GDP (from 4.4%), and the current account deficit to 2.1% of GDP (from 1.3%)," the report stated.Also read: India meets FY26 fiscal deficit goal at 4.4% of GDP despite revenue and global pressuresThe report noted that India's economic momentum remains stable due to domestic consumption and public spending, but geopolitical frictions pose tangible downside risks. Supply routes through the Strait of Hormuz are particularly vital, as India sources nearly 50 per cent of its LPG and around 30 per cent of its natural gas requirements through this route.Even though the "net petroleum import bill has declined from 5.5% of GDP in FY14 to around 3.0% in FY25, the economy remains exposed to a prolonged disruption in energy supplies."On the monetary front, global financial conditions continue to tighten as central banks react to persistent inflationary impulses. While the Reserve Bank of India is expected to keep policy rates unchanged in the upcoming meeting, domestic bond yields face upward pressure from a widening fiscal deficit and higher energy costs.Also read: Manufacturing activity at 3-month high in May despite cost woesThe report mentioned that the impact on macroeconomic variables is likely to be non-linear, implying significantly larger downside risks if the conflict persists. "A further USD 10/bbl increase in crude prices above our base assumption could push inflation to 5.6% (assuming a partial pass-through of around 5% to retail fuel prices), lower GDP growth by an additional 40 bps to 5.9%, widen the current account deficit to 2.5% GDP, and increase the fiscal deficit to 4.8% of GDP," the report added.Compounding these external geopolitical risks, the domestic agricultural outlook faces unexpected pressure. In its Second Long Range Forecast, the IMD downgraded the Southwest Monsoon 2026 forecast to 90 per cent of the Long Period Average (LPA) from 92 per cent estimated in April.This development represents the weakest monsoon outlook since 2015, which raises immediate concerns over overall agricultural output and rural demand.In the global perspective, the IMF has lowered its 2026 global growth forecast by 20 bps, citing risks from the Middle East conflict through higher commodity prices, inflation, and tighter financial conditions.The report stated that under the IMF's reference scenario, "global growth is projected at 3.1% in 2026 and 3.2% in 2027, below both the recent 3.4% pace and the historical average of 3.7%. In adverse scenarios, growth could slow to 2.5% or even 2.0%, accompanied by significantly higher inflation, with emerging markets expected to be disproportionately affected."

Lebanon announces partial ceasefire between Israel

After partial collapse, push to restore Radhakrishnan heritage site

Will not allow senior advocates to argue during partial court working days: SC

The apex court said it was being done to encourage young lawyers to argue their cases during the partial court working days from today till July 12

Will not allow senior advocates to argue during partial court working days: SC

Will not allow senior advocates to argue during partial court working days: SC

Nedumangad child murder case: crowd attacks accused during evidence collection

Autopsy of the one-and-a-half-year-old child reveals 51 injuries across the body, including fresh wounds and partially healed scars; doctors confirm that physical trauma was the definitive cause of death

Market Trading Guide: YES Bank among two stock picks for Monday with up to 10% upside scope

Equity markets witnessed broad-based selling pressure on Friday following the IMD's monsoon forecasts of 90% of the long-period average (LPA), raising concerns among investors. The prospect of deficient rainfall, coupled with the increasing likelihood of an El Niño weather pattern, has heightened fears of elevated food inflation in the coming months. However, the downside risk appears partially mitigated by the recent moderation in crude oil prices and bond yields. Additionally, global sentiment remains supported by expectations of a potential diplomatic breakthrough between the US and Iran, which has contributed to a rally in international markets.Analysts say that in the near term, investor attention is expected to shift toward key domestic triggers, particularly the upcoming RBI monetary policy decision and GDP data release, which will provide further insights into the inflation trajectory and overall economic momentum.Here are two stocks to buy on Monday1) YES Bank - Buy | CMP: Rs 23.22 | Stop loss: Rs 22.5 | Target: Rs 25Yes Bank shows strong bullish momentum as the price breaks decisively above the key horizontal resistance level at Rs 22.02. This breakout is supported by a noticeable volume expansion, confirming genuine market participation. The price is trading cleanly above the short- and long-term EMAs, which are fanning out in a bullish alignment, while the RSI rises above 60, signalling accelerating upward strength toward the descending trendline.2) NBCC - BUY | CMP: Rs 100.3 | SL - Rs 95 | Target - Rs 110NBCC (India) Limited exhibits a strong bullish reversal as price breaks above multiple short-term EMAs and tests the long-term blue EMA near 101.30. This upward shift is backed by a notable volume surge, indicating a clear influx of buyers at these levels. Meanwhile, the RSI has crossed above the 60 threshold, signalling accelerating positive momentum and confirming a strong structural turnaround from the recent bottom(Virat Jagad is Sr Technical Research Analyst at Bonanza Portfolio)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times.)

Green Card Update: DHS says not all immigrants must leave US to apply, but…

Department of Homeland Security has clarified that not all immigrants seeking green cards must leave the US, partially reversing last week's announcement. But lawyers warn confusion and fear are far from over.

Kerala Governor slams partial recital of Vande Mataram; CM says full rendition not mandatory

The Kerala Police band played only the first two stanzas of the song before and after the Governor read out the policy address in the Kerala assembly.

Woman’s body found partially buried on unused stretch of Kumbakonam Bypass Road in Cuddalore

Police said the woman’s body, with her mouth gagged, was found partially buried near a bridge on the new Kumbakonam Bypass Road

A revival of sedition tied to consent

The Supreme Court’s May 21 clarification partially revives sedition proceedings under Section 124A for consenting accused persons; the direction creates disparity in the working of Section 124A and leaves accused caught between trial under an undecided law and indefinite limbo

NCW takes cognisance of teen's killing over suspected interfaith relationship

NCW Chairperson Vijaya Rahatkar has written to the Director General of Police, Uttar Pradesh, directing that an "immediate, impartial and time-bound investigation" be conducted in the matter

Operation Sindoor reflected ‘smart power’ in its most complete expression, says Army Chief Dwivedi

In his address at a seminar hosted at the Manekshaw Centre in New Delhi, Gen Upendra Dwivedi also said that twelve months ago, India offered the world a "partial answer" to the so-called smart power question