GIFT City, officially known as Gujarat International Finance Tec-City, is India’s first International Financial Services Centre, located in Gandhinagar, Gujarat. It has become an important financial gateway for Non-Resident Indians, Overseas Citizens of India and global investors looking for India-linked opportunities through international financial structures. The hub was created to bring offshore financial services closer to India while offering a regulatory and business environ

NRI capital in GIFT City dollar funds rose 18.59% in Q4 FY26, according to the International Financial Services Centres Authority’s official Q4 FY26 bulletin. Diaspora-linked fund allocations from Non-Resident Indians and Overseas Citizens of India reached $747.27 million in the January-March quarter of FY26, up from $630.13 million in the previous quarter. The increase shows growing interest in GIFT City’s dollar-denominated investment structures among global Indian investors.

The Trump administration has paused its $1.8 billion Anti-Weaponisation Fund following a federal court ruling. The Justice Department confirmed it will comply with the order, even though it disagrees with the court’s decision. The fund was set up to provide compensation to individuals claiming harm due to government actions, but concerns have been raised about potential political misuse. Court Orders Halt

On Monday, June 1, Muscatine, Iowa, witnessed a shocking series of events as six people from the same family were killed in a shooting spree. Authorities identified the suspect as 52-year-old Ryan Willis McFarland, who later died from a self-inflicted gunshot wound after a confrontation with law enforcement. Officials confirmed there is no ongoing threat to the public. Police Statement and Investigation

GWCCA World Cup VIP ticket spending is drawing scrutiny after records showed the Georgia World Congress Center Authority moved ahead with more than $600,000 in premium seating tied to FIFA World Cup 2026 matches in Atlanta. The spending involved VIP seats and a shared luxury suite at Mercedes-Benz Stadium, where Atlanta is scheduled to host eight World Cup matches, including a semifinal on Wednesday, July 15, 2026. GWCCA World Cup VIP Ticket Spending Raises Public

What is Telangana Formation Day? Telangana Formation Day is celebrated annually on June 2 to mark the official creation of Telangana as India’s 29th state in 2014. The day honors decades of struggle for separate statehood, paying tribute to the sacrifices of activists, students, and citizens who fought for governance, development, and recognition of Telangana’s unique identity. Key Poi

TMC meet cancelled as 60 MLAs skip Mamata Banerjee call Kolkata: The Trinamool Congress faced an uncomfortable moment on Monday after a scheduled meeting of its newly elected MLAs at Mamata Banerjee’s Kalighat residence had to be called off due to poor attendance. Only around 20 of the party’s 80 MLAs reportedly reached the venue, while nearly 60 legislators stayed away a day after TMC General Secretary Abhishek Banerjee was allegedly attacked. The abs

Prime Minister Narendra Modi met Myanmar President U Min Aung Hlaing at Hyderabad House in New Delhi on Monday as India and Myanmar looked to strengthen bilateral cooperation during the visiting leader’s official trip to India. The meeting was part of Min Aung Hlaing’s visit from May 30 to June 3, which marks his first visit to India in his current capacity as President. The Myanmar President arrived in India with a high-level delegation that included cabinet ministers, senior o

Chennai, Jun 01, 2026: An argument between two groups at a private bar allegedly escalated into road rage after a car rammed a two-wheeler. The incident killed 18-year-old Yancy, a Sri Lankan refugee from Villupuram, while her 17-year-old friend was critically injured. A late-night outing in Chennai turned into a tragedy after an argument inside a private bar allegedly escalated into a deadly road rage incident. The victim, 18-year-old Yancy, a Sri Lankan refugee l

St Stephen’s College has entered a historic phase as Susan Elias is set to become its first woman principal, while Delhi University has raised objections over the selection process. Historic First For St Stephen’s St Stephen’s College, one of Delhi University’s most recognised institutions, is set to appoint Professor Susan Elias as its first woman principal in its 145-year history. She is

JEE Advanced 2026 result has been declared today, June 1, 2026, and Shubham Kumar from the IIT Delhi zone has secured All India Rank 1 in the Common Rank List. He scored 330 out of 360 marks, making him the top performer in one of India’s most competitive engineering entrance exams. This year, 1,79,694 candidates appeared for both Paper 1 and Paper 2 of JEE Advanced 2026, which was held on May 17. Out of them, 56,880 candidates qualified for admission to IITs and other participati

Goa is set for unstable weather on June 2 and 3 as IMD issued a yellow alert, warning of thunderstorms, lightning and gusty winds while monsoon conditions strengthen near Kerala. Goa Under Yellow Alert For June 2-3 The India Meteorological Department, Panaji, has issued a yellow alert for Goa on June 2 and June 3. The warning comes as conditions are becoming favourable for the further advance of

Commercial LPG cylinder price in Delhi has increased from June 1, adding fresh cost pressure on hotels, restaurants, caterers, cloud kitchens, bakeries and other businesses that use 19-kg cylinders for daily operations. According to reports citing industry sources and fuel retailer data, the price of a 19-kg commercial LPG cylinder in Delhi has been raised by ₹42. The new rate is ₹3,113.50, compared with the earlier price of ₹3,071.50. The latest commercial LPG price hike come

Colombia Runoff Election Set for June 21 Colombian politics is headed for a high-stakes showdown as Abelardo de la Espriella, a right-wing outsider, faces leftist senator Ivan Cepeda in a runoff election scheduled for June 21. The first round left voters sharply divided, with de la Espriella securing 43.7 percent of the vote and Cepeda just under 41 percent. Both candidates now gear up for a final contest tha

Report of Resignation Surfaces On Sunday, May 31, reports emerged claiming that Iranian President Masoud Pezeshkian had resigned and sent a letter to Supreme Leader Mojtaba Khamenei. The report, citing a source, suggested that Pezeshkian cited the overarching power of the Islamic Revolutionary Guard Corps (IRGC) as a reason for his exit. The claims appeared amid discussions of a potential peace deal between

Cyprus and Bangladesh Compete for UNGA Leadership The United Nations is under intense pressure to demonstrate its relevance amid numerous global crises, and attention now turns to the election of the 81st President of the General Assembly. Cyprus and Bangladesh are in a tight contest, with the vote set for Tuesday, 2 June. The winner will assume office when the new session opens in September, overseeing the

Macron Condemns Violence in Lebanon French President Emmanuel Macron on Sunday, May 31, denounced the ongoing escalation in southern Lebanon, stating that the intensifying conflict cannot be justified. Macron called for an urgent end to the violence and emphasized the importance of diplomacy, urging the United States and Iran to quickly reach an agreement to prevent further regional escalation. In a message

DK Shivakumar Named Karnataka CM DK Shivakumar is set to become Karnataka’s new Chief Minister after the Congress Legislature Party elected him as its leader in Bengaluru. Congress Picks DK Shivakumar DK Shivakumar is set to take charge as the new Chief Minister of Karnataka after being elected as the Congress Legislature Party leader. The decision was taken at a CLP meeting held at Vidhana Soudha in Bengaluru after Siddara

World No Tobacco Day, observed annually on May 31, raises awareness about the dangers of tobacco and nicotine use. Launched by the World Health Organization in 1987, it aims to educate the public about the health, social, and environmental impacts of tobacco. Globally, over 8 million people die each year from tobacco-related illnesses, making prevention and quitting crucial. Health Risks of Tobacco Use

Rescue teams successfully brought four miners to safety on Saturday, May 30, after they were trapped inside a remote cave in Xaysomboun province for 10 days. The miners were part of a seven-person gold mining team stranded by sudden flash floods. One miner had already been rescued the day before, while two remain missing. How the Rescue Unfolded Emergency crews, includin