India - Major Updates
1. Jobs & Economy
. Bank of India Credit Officer 2026: Apply starts TODAY for 779 posts. Last date 20 July 2026. Official Website : Apply only at bankofindia.co.in.
Application Process Points: . Step 1: Visit bankofindia.co.in → Careers
. Step 2: Find "Recruitment of Experienced Credit Professionals 2026"
. Step 3: Register with mobile & email, upload docs, pay fee.
. Indian shares subdued: Nifty 50 fell 0.46% to 23,946.6 points. Sensex down 0.48% to 78,268.68 points. Reason for fall monsoon worries & weak June rainfall data.
🌧Why Markets are Subdued- Monsoon Factor
1. Rainfall Deficit: June rainfall 43% below normal as of 30 June 2026.
2. Rural Development Impact: Weak monsoon threatens farm output → hits inflation, auto sales, FMCG demand.
3. IMD Outlook: Monsoon revival in July crucial. Weak start raises concerns for agriculture & consumption.
. Monsoon deficit: June rainfall 43% below normal. IMD says revival in July crucial for inflation, auto & consumer demand.
. Industrial output: India's external debt up $26.3 billion to $762.8 billion in FY26.
Headline Number . IIP Growth : 5.1% in May 2026 vs May 2025 . Significance: 5-month high - strongest since Dec 2025 . April 2026 Revised: 4.7% from earlier 4.6%
2. Politics & Policy
. Cabinet reshuffle buzz: Modi govt likely to reshuffle Union Council of Ministers ahead of Monsoon Session.
. UK- India FTA: Piyush Goyal calls it "India's most comprehensive trade agreement so far" at UK-India Week 2026.
. NDPS Act amendment: Amit Shah says Centre will amend law to plug loopholes exploited by narco syndicates
. West Bengal: New BJP govt to table Uniform Civil Code Bill in Assembly.
3. Business & Markets
. Auto stocks down 2.1%: Weak monsoon fears hit 2-wheeler, entry-level car demand.
. Persistent Systems: Crashed 11.2% over Nagarro acquisition worries.
. Kotak Mahindra Bank: CEO Ashok Vaswani not seeking reappointment, stock down 3.3%.
. Dr Reddy's : Hit 52-week high, up 4% on 3x volume jump.
. Yes Bank: Board nod to raise ₹16,000 cr via equity & debt.
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