Devastating Missile Strike Kills 28 Civilians in Residential Building During Ongoing Regional Conflict and Escalating Tensions
Russian missile strike on a nine-story apartment building in Kyiv resulted in 28 deaths, with 23 victims inside the demolished structure. The attack was part of a massive bombardment involving over 440 drones and 32 missiles. Rescue workers searched the rubble, and local authorities declared an official day of mourning. The incident occurred amid ongoing conflict and failed peace efforts, highlighting the continued tension in the region.

India's Economic Outlook: Steady 6.2% GDP Growth, Moderate Inflation, and Resilient Rural Demand in 2025-26
A leading rating agency forecasts India's GDP growth at 6.2% in 2025-26, slightly down from 6.5% in the previous year. Real GVA growth is expected to ease to 6%. Inflation is projected above 3.5% for CPI and 1.8% for WPI. The fiscal deficit is estimated at 4.4% of GDP. Rural demand remains positive, and household disposable incomes are likely to improve due to tax relief and lower EMIs. Services exports are expected to outperform merchandise exports.

Canada and India Reset Diplomatic Ties, Agree to Restore Envoys and Rebuild Bilateral Relations Through Constructive Dialogue
India and Canada's prime ministers met during the G7 summit to restore diplomatic relations after a significant strain caused by a previous diplomatic dispute. They agreed to return envoys to each other's capitals, restart negotiations on trade agreements, and pursue a constructive partnership based on shared democratic values. Both leaders expressed commitment to rebuilding trust and exploring collaborative opportunities in areas like clean energy, digital transformation, and critical minerals.

Women Farmers Turn Cotton Stubble into Climate Solution, Sequestering Carbon and Creating Economic Opportunities for Rural Communities
A climate-tech startup in Gujarat is transforming agricultural practices by converting cotton stubble into carbon-sequestering biochar. Through a pilot program, the initiative trained 500 women farmers, produced over 21 tonnes of biochar, and effectively sequestered 40 tonnes of CO2. The project aims to address soil degradation, reduce stubble burning, and provide women farmers with additional income opportunities, with plans to scale to 1,000 women farmers by 2025.

Innovative Lighting Partnership Transforms 61 Villages, Empowering Tribal Communities with Sustainable Infrastructure Solutions
A lighting company partnered with a state tourism board to illuminate 61 villages in Madhya Pradesh, focusing on tribal and national park-adjacent regions. The collaboration aims to enhance safety, visibility, and tourism infrastructure through energy-efficient outdoor lighting solutions. The initiative will support local communities by creating improved environments for economic opportunities and cultural activities, demonstrating a commitment to sustainable rural development.

Financial Watchdogs Launch Comprehensive Six-Month Audit Review of Bank and Engineering Company Statements
The Chartered Accountants' apex body ICAI will spend six months reviewing financial statements of a bank and an engineering company following accounting irregularities. The Financial Reporting Review Board is examining potential audit lapses, with possible disciplinary actions against auditors. The review covers financial statements from recent years, focusing on derivative trades, accounting discrepancies, and potential governance issues. If irregularities are confirmed, the matter will be referred to ICAI's disciplinary committee for further investigation.

Innovative Blockchain Workshop Empowers 120 Students to Transform Memes into Digital Assets Through Cutting-Edge Technology
MemeCore hosted a blockchain workshop at Greater Noida Institute of Technology, attracting over 120 students with an ?82 lakh grant. The event focused on Meme 2.0, transforming memes into digital assets through blockchain technology. By using memes as learning tools, the workshop made complex blockchain concepts accessible, introducing MemeX platform and highlighting potential student-led blockchain innovations across India.

Digital-First Jewellery Brands Disrupt Traditional Market with Affordable, Locally Crafted Accessories for Young Indian Consumers
Local startups are transforming India's fashion jewellery market by challenging established brands through digital strategies and regional craftsmanship. Emerging companies are targeting younger consumers with affordable, everyday accessories that blend style and value. These brands emphasize local manufacturing, direct-to-consumer models, and digital marketing, focusing on lightweight, tarnish-resistant designs for both men and women. The market is experiencing significant growth, driven by changing consumer preferences and increasing digital adoption.

Innovative Skincare Entrepreneur Revolutionizes Hyperpigmentation Treatment with Scientifically Formulated Botanical Soap Solutions
A former software engineer developed a specialized soap brand targeting tan removal and hyperpigmentation for melanin-rich skin. Motivated by personal struggles with skin discoloration, she invested significant research into creating effective botanical-based soap variants. Her company rapidly grew to generate over 30 crore rupees in annual revenue, selling 2000 soaps daily through a self-managed platform, while maintaining a commitment to quality and scientific formulation.

Virtual Film Campus Revolutionizes Production with AI, LED Stages, and Sustainable Tech in Groundbreaking 3,000 Crore Investment
A major film production group announced a 3,000 crore virtual film campus in Tamil Nadu, integrating advanced AI and virtual production technologies. The 100-acre complex will feature LED volume stages, traditional sets, and sustainable infrastructure, aiming to reduce production costs and timelines. Collaborating with industry professionals, the project expects to create 10,000 skilled jobs and generate significant annual revenue while positioning the region as a global cinematic innovation hub.

Women Professionals Lead Management Education with 26% Program Enrollment, Showcasing Diverse Career Advancement Opportunities
IIM Kozhikode has reported a significant 100% increase in women's enrollment for its Executive Post Graduate Programme in Management, reaching 26% participation. The institution highlights growing female professional interest in advanced management education. The program attracts diverse professionals from various sectors, with 30% having six to nine years of experience. The curriculum combines core management subjects with contemporary electives, offering comprehensive leadership development through online sessions, case discussions, and international immersions.

Schneider Electric Unveils High-Performance TeSys Deca Motor Starters with Sustainability-Driven Design and 22% CO2 Emission Reduction
Schneider Electric launched advanced TeSys Deca Motor Starters in India, offering enhanced motor control solutions for industries. The new 115A and 150A contactors provide 22% CO2 reduction, improved durability, and operational efficiency. Designed for harsh environments, the product enables 80% reference reduction and 20% workload savings, supporting sustainability goals across manufacturing, utilities, infrastructure, and mining sectors.

Precious Metal Prices Soar as Israel-Iran Tensions Spark Global Investment Shift in Safe-Haven Assets
Silver and gold prices surged amid escalating Israel-Iran conflict, with silver hitting a record high of Rs 1,08,200 per kilogram and gold staying above Rs 1 lakh per 10 grams. Investors sought safe-haven assets as regional tensions intensified, with market analysts noting weakness in currency and potential geopolitical developments influencing precious metal valuations.

UK Inflation Edges Down to 3.4% as Food Prices Climb, Challenging Economic Stability and Monetary Policy Targets
UK inflation slightly decreased to 3.4% in May, falling short of economists' expectations of 3.3%. Food prices rose 4.4%, with notable increases in chocolate, sugar, and meat costs. The Bank of England's inflation target remains at 2%, and most economists anticipate the interest rate will stay at 4.25%. Geopolitical uncertainties and potential trade policy changes complicate economic forecasting.