new export orders

Move To Keep Prices In Check, Aid Textile Industry

India's manufacturing sector saw its fastest growth in three months during May, fueled by robust domestic demand and infrastructure projects. New orders surged, though rising Middle East conflict costs continue to challenge manufacturers. Despite higher input expenses, companies expanded output and hiring, with positive sentiment for future growth.

The HSBC India Manufacturing PMI is a widely tracked indicator that assesses overall manufacturing performance based on factors such as new orders, production levels, employment trends, supplier delivery times and inventory holdings.

Rising Raw Material Costs, Freight Volatility And Uncertain Supply Hit Textiles, Chemicals, Pharma And Real Estate Sectors

Gujarat’s Golden Sweetheart Has Long Ruled Summer, And Tomorrow It Celebrates Its Birthday In Style — Showing The Middleman The Door. Over 50% Of Gir’s Farmers Now Sell Directly To Consumers, And Kesar’s Production Has Jumped From 1.9 Lakh MT To 3.1 Lakh MT In Four Years

Armenia is bolstering its defence with India, seeking robust military hardware and training to counter threats from Azerbaijan, which is supported by Pakistan and Turkey. Recent high-level visits and significant arms deals, including Akash missile systems, highlight New Delhi's growing role as Armenia's key strategic partner in the South Caucasus.

A recent Iran conflict has significantly depleted US high-end missile stockpiles, raising alarms in Washington. Critical systems like Tomahawks and Patriots may take years to replenish, creating a 'window of vulnerability' amid rising tensions with China. Production bottlenecks and allied demands complicate rebuilding efforts, impacting future defense readiness.

India has banned sugar exports until September 30 to control domestic prices amid fears of lower production. This move is expected to impact global supplies and boost international rates. While some shipments already in transit will be allowed, traders face challenges fulfilling existing contracts. The decision follows concerns over weakening cane yields and potential monsoon disruptions.

A political storm erupted in West Bengal as AJUP chief Humayun Kabir vowed to conduct cow slaughter for Eid, defying state restrictions. He insisted the Quran mandates it, challenging the government's notice. BJP countered, emphasizing law enforcement and opposing illegal slaughter, while some Muslim leaders urged respect for cows.

Geopolitical tensions in the Middle East are directly impacting household budgets, driving up prices for everyday essentials like cooking oil, milk, and bread. Soaring global crude oil prices and a weakening rupee are increasing import, fuel, and transportation costs, leading to a domino effect on consumer goods and even healthcare services.

Iran's Supreme Leader has ordered the country's near-weapons-grade enriched uranium stockpile to remain within Iran, complicating peace talks. This directive hardens Tehran's stance, as the US and Israel demand its removal. The move comes amid ongoing regional conflict and deep suspicion of further US airstrikes.

Google's I/O 2026 event showcased significant AI advancements. New models like Gemini Omni and Gemini 3.5 Flash were introduced. Google also revealed AI agents such as Gemini Spark and Universal Cart for shopping. Search received its biggest upgrade in 25 years with deeper AI integration. Wearable devices and smart glasses also featured prominently in the announcements.

President Trump's Beijing visit concluded without major breakthroughs, highlighting a widening gap in core interests between the US and China. While projecting stability, the meetings revealed limited cooperation on issues like Iran and Taiwan, with trade offering the only tangible deliverables. Both leaders claimed victory, entering a transactional phase focused on leverage.

Commerce and Industry Minister Piyush Goyal urged Indian industry to embrace self-efficiency and productivity amidst global challenges. He emphasized reducing import dependence, leveraging free trade agreements, and moving from "assembled in India" to "designed, engineered, and manufactured in India" to strengthen the economy and achieve export targets.

Anthropic's paper outlines two scenarios for US-China AI leadership by 2028. In one, the US maintains its compute advantage through tightened export controls, leading to democratic AI norms. The other sees China overtaking the US if policymakers fail to act, resulting in authoritarian AI dominance.

President Trump is leading a delegation of top American CEOs, including Elon Musk and Tim Cook, to Beijing for high-stakes trade talks. The visit aims to secure massive deals, with a potential blockbuster order for Boeing aircraft being a key focus. Notably absent is Nvidia CEO Jensen Huang, as the trip prioritizes agriculture and commercial aviation over high-end semiconductors.