PNI News - Press Network of India

From Our Business Bureau Indian stock markets are struggling to maintain stability as Foreign Institutional Investors (FIIs) stage a massive exodus, pulling out approximately Rs 2.67 to 2.8 lakh crore from Indian equities in the first five months of 2026 alone. This record sell-off has already exceeded the total withdrawals recorded for the entire year of 2025, highlighting how the market is reflecting broader pressures on the Indian economy. The sharp outflow comes amid a combination of global and domestic factors.…

The International Monetary Fund (IMF) has said that India continues to be a major driver of global economic growth despite the economic impact of the Iran conflict and higher energy prices. Addressing a regular IMF press briefing, Director of the IMF’s Communications Department, Julie Kozack, said India’s economy has remained resilient despite external headwinds, supported by robust domestic demand. The IMF has retained its growth projection for India at 6.5 per cent for the financial year 2026-27, maintaining the upward…

External Affairs Minister Dr S. Jaishankar announced Operation Amistad, under which two Indian Air Force C-17 aircraft took off for Venezuela carrying urgent humanitarian assistance to support post-earthquake relief efforts. Amistad means friendship in Spanish. In a social media post, Dr Jaishankar said the assistance includes an Indian Army Field Hospital Unit and over 35 tonnes of relief supplies, medicines and medical equipment, including two BHISHM Cubes. He said India is committed to supporting the government and…

External Affairs Minister Dr S. Jaishankar visited the Republic of Korea on the 24th and 25th of this month. During the visit, Dr Jaishankar held wide-ranging discussions with Korean Foreign Minister Cho Hyun to strengthen bilateral relations. The two leaders reviewed cooperation across several key areas, including trade and investment, financial cooperation, shipbuilding, defence and security, emerging technologies, startups, culture, education, and people-to-people exchanges. They also exchanged views on regional and…

Commerce and Industry Minister Piyush Goyal has received the Special Award for Exceptional Leadership in Elevating UK-India Relations at the Annual UK-India Awards 2026 in London. The minister shared this information through a social media post today. He said the recognition belongs to the many bridge-builders across governments, businesses, academia, culture, and the vibrant diaspora who continue to strengthen India-UK ties. He congratulated all his fellow awardees for their outstanding contributions towards enriching this…

Minister of Science and Technology Dr Jitendra Singh has said that AI, Nuclear, Space and Quantum technologies will determine contours of future growth and global competitiveness. The Minister said this while speaking at a Media Conclave in New Delhi. Dr Singh underlined that India is rapidly emerging as a major force in frontier technologies. Highlighting the National Quantum Mission, Mr Singh said that the mission already achieved more than half of its targeted outcomes within three years of its launch. He said that the…

Union Home Minister Amit Shah called for a united fight against drugs, saying that the drug menace threatens national security, social stability, economic interests, and the future of the country’s youth. He urged spiritual leaders, youth, and mothers to come together on a common platform to win this fight. Mr Shah made these remarks while addressing the 10th Apex-Level Meeting of the Narco-Coordination Centre (NCORD) in New Delhi. Home Minister said authorities seized around 2.6 million kilograms of synthetic drugs…