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2 July 2026 · verified exam-relevant news
Latest digest · 2 July 2026
Curated from PIB, RBI, All India Radio and verified national sources — organised for UPSC, SSC, Banking, Railway and State-PSC revision.
24 verified current-affairs updates for major exams.
Adani Group and Abu Dhabi's International Holding Company are collaborating to invest $11.5 billion in a new aluminium plant in Odisha. This project aims to achieve an annual production capacity of over 2 million tonnes…
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Indian government bonds are nearing inclusion in Bloomberg's Global Aggregate Index, with a decision expected in mid-July 2023. This potential inclusion is significant as it is likely to attract substantial foreign inve…
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Ben Powell of BlackRock has expressed optimism regarding Indian equities after a phase of underperformance, indicating that the selling by foreign investors may be nearing its end. He highlights that India's current val…
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The Shapoorji Pallonji Group is set to issue bonds worth ₹25,500 crore, backed by its 18.37% stake in Tata Sons. This financial maneuver is significant as it relies on Tata Sons potentially going public through an IPO o…
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The Indian government has expedited its disinvestment and asset monetisation efforts, achieving 31% of its annual revenue target in the first quarter of FY27. This initiative is crucial to enhance revenues in light of i…
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Ujjivan Small Finance Bank has announced an attractive interest rate of 7.5% on 3–5-year FCNR(B) deposits, following the Reserve Bank of India's relaxation of norms aimed at increasing foreign currency inflows. Meanwhil…
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Citi has emerged as the leading investment banker in India, securing a 9.8% share of the country's investment banking fees, which totaled $614.1 million in the first half of the year. This represents a 20% decline year-…
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India is set to replace 35 lakh petrol vehicles with electric vehicles (EVs) by 2030, according to a report by SBI. This transition is expected to reduce crude oil import costs by Rs 1 lakh crore if EVs capture 20% of t…
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Ola Electric Mobility has reported a significant increase in vehicle registrations, reaching 43,719 units in Q1 FY27, which is nearly double the 22,252 units registered in the previous quarter. This surge is attributed…
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Gold and silver prices have experienced a significant correction, dropping up to 50% from their January 2023 highs. This decline is primarily attributed to rising interest rate expectations, profit booking by investors,…
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Adani Energy Solutions has received approval from its board to raise ₹10,000 crore through a qualified institutional placement (QIP). This fundraising is significant as it follows the company's recent acquisition of Int…
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Oil prices have decreased following positive developments in indirect talks between the U.S. and Iran regarding the Strait of Hormuz. The discussions, hosted in Doha, are significant as they may influence global oil sup…
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The Indian rupee fell sharply, ending at 95.24 against the US dollar, marking its steepest decline since June 8. This depreciation is significant as it reflects market reactions to expected hawkish comments from the US…
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Kevin Warsh, the Chairman of the US Federal Reserve, reaffirmed his commitment to the 2% inflation target amidst pressure for rate cuts from President Trump. Warsh's stance indicates a firm approach to monetary policy,…
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The Securities and Exchange Board of India (SEBI) has uncovered a Rs 144 crore pump-and-dump scheme through an extensive investigation involving digital footprints such as airline bookings, hotel stays, and WhatsApp cha…
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At an international monetary policy forum, Federal Reserve Chair Kevin Warsh emphasized the importance of maintaining a 2% inflation target but did not provide forward guidance on interest rates. This lack of clarity ha…
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The Securities and Exchange Board of India (Sebi) has banned 221 entities, including ringleader Hanif Shekh, from the securities market for up to seven years due to a large-scale pump-and-dump operation. This operation,…
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The US Supreme Court has reinforced the independence of the Federal Reserve by ruling against the presidential removal of its governors without substantial legal justification. This decision emerged from a case involvin…
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In June 2026, India's Goods and Services Tax (GST) collections rose by 13.9% to reach Rs 1.95 lakh crore, marking a significant year-on-year increase. This surge was driven by a remarkable 34.6% increase in import reven…
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India's bond market has undergone a significant transformation over the past decade, evolving from an opaque and institutional-centric system to a more transparent and accessible framework. This change is attributed to…
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Kotak Mahindra Bank has announced a significant acquisition of Deutsche Bank India's retail banking, private banking, and wealth management business for Rs 282 crore. This move is aimed at enhancing Kotak's affluent ban…
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In May 2023, the Reserve Bank of India's net short forward position in the currency market reached a record $106.6 billion, reflecting extensive interventions to protect the rupee amid global uncertainties. This surge i…
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The Securities and Exchange Board of India (Sebi) is initiating reforms to standardize consent rules for Alternative Investment Funds (AIFs). This includes implementing a uniform approval threshold of 75% for significan…
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In June, India's Goods and Services Tax (GST) revenue rose by 13.9% to ₹1.95 lakh crore, primarily fueled by a remarkable 34.6% increase in import tax collections. While domestic GST saw a modest rise of 6.5%, the surge…
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Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 2 July 2026.
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