Tuesday, 7 July 2026

SEBI has notified rules to reintroduce open market share buybacks through stock exchanges from August 1, 2026, capping the execution period at 66 working days and limiting buybacks to less than 15% of paid-up capital and free reserves.

India's FDI inflows rose 44% to $39 billion in 2025, making it the 11th biggest FDI destination globally, according to UNCTAD's World Investment Report 2026.

A Centrum report says India is adding 45-50 GW of renewables annually, steering it towards its 2030 target of 500 GW non-fossil fuel capacity.

MoSPI will launch India's first monthly Index of Services Production on July 14 to track the formal services sector, complementing the IIP.

The CBDT has issued comprehensive clarificatory FAQs on the transition provisions under Section 536 (Repeals and Savings) of the Income-tax Act, 2025, which came into force on 1 April 2026, clarifying the framework for summons, notices, searches and recovery.

The Government of India has expanded the scope of AB-PMJAY to cover ASHA workers, Anganwadi workers and helpers, and construction workers, while senior citizens aged 70 and above are now eligible through the Ayushman Vay Vandana Card.

The Centre has cleared the nationwide rollout of the PM-SETU skilling scheme across all 200 identified ITI clusters and approved investment plans worth ₹1,237.58 crore for five clusters in Odisha, Gujarat and Telangana.

DPIIT has issued operational guidelines for the ₹10,000 crore Startup India Fund of Funds 2.0, with SIDBI as the initial implementation agency deploying capital through SEBI-registered AIFs into recognised startups.

During PM Modi's Jakarta visit, India and Indonesia signed agreements covering BrahMos and Astra missiles, defence technology transfers, critical minerals, maritime security and telecom, as President Prabowo conferred the Bintang Adipurna on Modi.

BRICS nations adopted the Guwahati Declaration on July 7, 2026, reaffirming commitment to strengthen cooperation against illicit drug trafficking and related organised transnational crime.

Commerce Minister Piyush Goyal will visit Spain, Belgium and Finland on July 14-15 with business leaders and meet the EU Trade Commissioner as part of preparations for implementing the trade pact.

India and Indonesia are set to sign an MoU on election technology cooperation, capacity building and the export of customised EVMs, as Indonesia looks to India to modernise its electoral system.

PM Narendra Modi was conferred the Bintang Adipurna, Indonesia's highest civilian honour, during his visit to Indonesia, reflecting closer India-Indonesia ties under India's Act East Policy.

India's Defence Acquisition Council granted Acceptance of Necessity to acquisition proposals worth about Rs 52,000 crore ($5.5 billion) for the armed forces.

The WDMMA's Global Air Powers Ranking 2026 places the US Air Force first and the Indian Air Force sixth, based on its TruVal Rating system.

Vice Admiral Krishna Swaminathan, Western Naval Command chief and former Vice Chief of the Naval Staff, has been appointed Chief of the Naval Staff.

IIM Bangalore will establish its first overseas campus at the Singhasari SEZ in Indonesia, announced during PM Modi's visit.

Girish Bharadwaj, the Padma Shri awardee known as the 'Bridge Man of India' who built nearly 140 suspension foot bridges, has died at 76.

Kamarajar Port has achieved an 18-metre operational draft, becoming India's second major port after Visakhapatnam able to handle Capesize vessels.

GalaxEye's Mission Drishti, billed as the world's first OptoSAR satellite, lost communication after a geomagnetic solar storm, with recovery now unlikely.

Indian wrestlers claimed 20 medals, including 4 gold, at the Under-20 Asian Wrestling Championships in Pattaya, Thailand.