2, Jul 2026
Big Tech’s Dollar 80 Billion Investment Set to Power India’s AI Growth
New Delhi, : India’s artificial intelligence (AI) sector is set to receive a significant boost, with global technology companies collectively committing nearly $80 billion in investments, strengthening the country’s position in the rapidly evolving digital economy.
The large-scale investments are expected to accelerate the development of AI infrastructure, expand data centre capacity, and support innovation in emerging technologies such as machine learning, cloud computing, and automation.
Industry experts believe the influx of capital will help India enhance its digital capabilities, create new job opportunities, and foster a strong ecosystem for startups and research in AI-driven solutions.
Officials noted that these investments reflect growing global confidence in India’s technology landscape and its potential to become a major hub for artificial intelligence development in the coming years.
The move is expected to further strengthen India’s digital transformation journey and support long-term economic growth driven by advanced technologies.
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- By Neel Achary
2, Jul 2026
India Exports Punjab Litchi to Oman for the First Time
New Delhi, July 2: In a significant boost to India’s agricultural exports, fresh litchis from Punjab have been exported to Oman for the first time, Union Commerce and Industry Minister Piyush Goyal said on Thursday.
The milestone marks an important step in expanding the global reach of Indian horticultural products and strengthening India’s presence in international fruit markets. Officials said the export reflects improved supply chain efficiency, quality standards, and growing global demand for Indian produce.
The initiative is expected to benefit farmers in Punjab by opening new export opportunities and enhancing income prospects through access to overseas markets.
The government has been focusing on promoting agricultural exports through better logistics, compliance with international standards, and strengthening trade partnerships with importing countries.
2, Jul 2026
India’s Auto Industry Expected to Maintain Strong Momentum in FY27: Report
New Delhi, July 2: India’s automobile sector is projected to continue its strong growth trajectory in the financial year 2026–27 (FY27), supported by steady demand across key segments, according to a recent industry report.
The report states that passenger vehicles, two-wheelers, and commercial vehicles are expected to drive overall growth, backed by improving consumer sentiment, stable economic conditions, and ongoing infrastructure development across the country.
It further highlights that rising interest in electric vehicles, along with rural demand recovery, will play a key role in sustaining industry momentum in the coming year.
Automobile manufacturers are also focusing on new model launches, technology upgrades, and capacity expansion to meet evolving market requirements and regulatory standards.
Industry observers note that easing input cost pressures and improved supply chain efficiency are likely to further support the sector’s growth outlook in FY27.
2, Jul 2026
Centre Fiscal Deficit Widens to INR 1.62 Trillion in Apr–May FY27
New Delhi, July 2: India’s central government fiscal deficit widened to ₹1.62 trillion during April–May of FY27, driven by higher expenditure on subsidies and increasing interest payments, according to a recent report.
The rise in deficit reflects increased government spending in key welfare and financial obligation areas during the initial months of the fiscal year. Analysts note that elevated subsidy allocations and debt servicing costs have contributed significantly to the widening gap.
Despite the increase in fiscal deficit, overall expenditure trends remain aligned with budgetary commitments for the fiscal year. Officials are expected to monitor spending patterns closely in the coming months to maintain fiscal discipline.
The report highlights the importance of balancing developmental expenditure with fiscal consolidation goals as the government progresses through FY27.
2, Jul 2026
ISRO Bengaluru Facility Evacuated After Hoax Bomb Threat Email
Bengaluru, July 2: The Indian Space Research Organisation (ISRO) received a hoax email claiming the presence of a bomb at its new BEL Road facility in Bengaluru, prompting immediate precautionary action.
Following the threat alert, the premises were evacuated as a safety measure while security agencies conducted preliminary checks. Officials later indicated that the email appeared to be part of a broader hoax campaign targeting multiple institutions.
Police sources stated that similar threat emails have recently been sent to the Karnataka High Court and several schools in Bengaluru, suggesting a coordinated attempt to create panic.
Authorities are investigating the origin of the emails, while security has been tightened across sensitive locations as a precautionary step. Further details are awaited.
2, Jul 2026
Meghalaya Records 74 pc Rainfall Deficit, Highest in Northeast: IMD
Shillong, July 2: Meghalaya has recorded a monsoon rainfall deficit of 74 per cent, the highest among northeastern states, according to the India Meteorological Department (IMD).
The significant shortfall highlights uneven monsoon performance across the region, with several areas receiving substantially below-normal rainfall so far this season. Meteorological data indicates that the deficit has impacted overall precipitation patterns in the state.
Experts suggest that such a high deficit may affect agriculture, water availability, and allied activities if the dry spell persists. Authorities are closely monitoring the situation and weather developments to assess potential impacts in the coming weeks.
The IMD continues to track monsoon conditions across the Northeast as rainfall distribution remains highly variable this season.
2, Jul 2026
GM Modular Showcases Premium G plus Range at AYC Fest 2026, Strengthening Connect with Gen Z
India, July 02: GM Modular, one of India’s leading electrical and smart home solutions brands, marked a significant presence at AYC Fest 2026, held at the Jio World Convention Centre, BKC, Mumbai, with an engaging brand experience showcasing its premium G+ range of music and mobile accessories and smart electrical solutions.
The three-day youth-centric festival, celebrated for its vibrant mix of music, dance, entertainment and lifestyle experiences, attracted thousands of young attendees from across the city. Aligning perfectly with the event’s energetic spirit, GM Modular’s experiential stall at Stall No. 49, Pavilion 1 emerged as one of the key attractions, drawing an impressive footfall of over 5000 + visitors throughout the event.
Designed as an interactive experience zone, the GM stall allowed visitors to explore and experience the brand’s latest innovations firsthand. Products such as the G+ Wireless Charger, G+ International Travel Adaptor, premium charging solutions, audio accessories and smart mobile gadgets generated significant interest among students, creators, young professionals and tech enthusiasts.
The curated showcase resonated strongly with the audience, who appreciated the seamless blend of cutting-edge technology, premium design, portability and everyday convenience. Live product demonstrations and hands-on experiences enabled visitors to understand how GM’s G+ ecosystem effortlessly complements today’s fast-paced, digitally connected lifestyle.
Speaking on the occasion, Mr. Jayanth Jain, CEO and Managing Director, GM Modular, said, “Consumer expectations around electrical products are rapidly evolving. Today’s young, discerning consumer seeks solutions that are not just reliable, but thoughtfully designed and seamlessly integrated into their everyday lives. AYC Fest gave us a unique opportunity to bring our G+ range closer to a new generation of consumers –one that values innovation, style and smart living in equal measure.”
GM Modular’s participation at AYC Fest 2026 reflects the brand’s ongoing strategy to strengthen its connection with Gen Z and young millennials through experiential marketing and youth-focused engagements, going beyond traditional retail touchpoints to create authentic, memorable interactions with its products.
As India’s premium electrical and lifestyle accessories segment continues to grow ,driven by rising aspirations, digital-first living and a deepening focus on design – GM Modular remains at the forefront with its expanding G+ portfolio, offering solutions that are as intelligent as they are elegant.
2, Jul 2026
Odisha Government Declares Odia Film ‘Aafaa’ Tax-Free to Promote Organ Donation Awareness
Bhubaneswar, July 2 (UDN): The Odisha government has granted tax-free status to the Odia feature film ‘Aafaa’, recognising its powerful social message on organ donation and its potential to inspire public awareness, particularly among the youth.
Chief Minister Mohan Charan Majhi approved the proposal on Wednesday, paving the way for the film to be screened across the state without the burden of entertainment tax.
Directed by Pritiraj Satpathy and produced by Naina Das Tiwari, Aafaa centres on the emotional journey of a 16-year-old girl battling a life-threatening illness who chooses to donate her organs despite the challenges she faces. Through its compelling narrative, the film seeks to promote compassion, selflessness and the life-saving importance of organ donation.
According to the state government, the decision to exempt the film from tax reflects its commitment to supporting cinema that carries meaningful social messages. Officials believe the film has the potential to encourage discussions on organ donation and motivate people, especially young audiences, to contribute towards this humanitarian cause.
With the tax exemption, the government expects Aafaa to reach a wider audience and strengthen awareness about organ donation while reinforcing the role of cinema as a medium for positive social change.
2, Jul 2026
Indian Railways Freight Loading Rises 4 pc to 142.21 Million Tonnes in June
New Delhi, July 2: Indian Railways has reported a 4 per cent year-on-year increase in freight loading, reaching 142.21 million tonnes in June, reflecting steady growth in cargo movement across the national rail network.
The rise in freight volumes highlights improved logistics efficiency and sustained demand from key sectors such as coal, cement, steel, and food grains. Officials noted that the consistent performance underscores the growing role of railways in supporting India’s supply chain and industrial activity.
The increase in freight loading is also seen as a result of ongoing efforts to enhance infrastructure capacity, streamline operations, and improve turnaround time for goods transportation.
With stable demand from core sectors, Indian Railways is expected to maintain strong freight performance in the coming months, contributing significantly to the country’s logistics and economic growth.
2, Jul 2026
India’s Coal Output Rises 14.9 pc to 17.88 Million Tonnes in June
New Delhi, July 2: India’s coal production increased by 14.9 per cent year-on-year to 17.88 million tonnes in June, reflecting continued growth in domestic coal output and stable supply momentum across the sector.
The rise in production highlights improved mining operations and sustained demand from key consuming sectors, particularly power generation and industry. Officials noted that the growth trend is aligned with ongoing efforts to strengthen domestic coal availability and reduce supply constraints.
Industry observers said the increase in output underscores steady operational performance across coal-producing regions, supported by better logistics and enhanced mining efficiency.
With demand for energy remaining firm, coal production is expected to play a crucial role in maintaining supply stability in the coming months.
Overall, the June performance indicates continued resilience in India’s coal sector amid evolving energy requirements.
