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Monday, June 16, 2025

THE #DLG+2 DISPATCH | BUSINESS BUZZ | 16.06.2025 | MONDAY

    

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THE #DLG+2 DISPATCH (GLOBAL EDITION)
as on 16th JUNE,2025, MONDAY
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A Big Hello and A Very Good Moring to Readers and Viewers,

Today is MONDAY, 16th JUNE 2025, and here we go with our THE #DLG+2 DISPATCH / THE DATELINE GUJARAT DISPATCH, - THE BUSINESS BUZZ ...

State of Gujarat in India is mourning the AHMEDABAD AIR CRASH which claimed 274 lives - (241 lives on board in Dreamliner Boeing Aircraft, 33 on the ground) in Air India Aircraft AI 171 air-crash.

The Air India Flight AI-171 crash, involving a Boeing 787-8 Dreamliner, occurred on June 12, 2025, shortly after takeoff from Sardar Vallabhbhai Patel International Airport in Ahmedabad, Gujarat.
Below is a detailed timeline and the latest updates on the incident, including insights from hyperlocal news sources in Gujarat.
I’ve embedded original source URLs from reputable news outlets to provide accurate information.
Where hyperlocal sources are referenced, I’ve ensured they are from Gujarat-based or regional reports.
Note that some hyperlocal sources may not be as comprehensive due to the scale of the tragedy and the focus of national/international coverage.
Timeline of the Air India Flight AI-171 Crash
  • June 12, 2025, 1:38 PM IST: Air India Flight AI-171, a Boeing 787-8 Dreamliner, departs from Ahmedabad’s Sardar Vallabhbhai Patel International Airport, bound for London Gatwick, carrying 230 passengers and 12 crew members (total 242 on board). The aircraft, approximately 12 years old, had completed a Paris-Delhi-Ahmedabad leg without reported issues.
  • June 12, 2025, ~1:39 PM IST: Within 60 seconds of takeoff, the plane reaches an altitude of 650 feet but begins losing height. The pilot issues a distress call to Ahmedabad Air Traffic Control (ATC), stating, “Thrust not achieved... falling... Mayday! Mayday! Mayday!” The aircraft struggles to maintain altitude, as captured in a 59-second CCTV video and a viral video recorded by a 17-year-old named Aryan Asari.
  • June 12, 2025, ~1:40 PM IST: The plane crashes into a residential area in Meghani Nagar, approximately 2 km from the airport, striking a doctors’ hostel at BJ Medical College and Civil Hospital. The impact causes a massive fireball, with temperatures reaching up to 1,000°C, incinerating most of the aircraft and its occupants. The crash kills 241 of the 242 people on board, with one survivor, Vishwash Kumar Ramesh, a 40-year-old British man seated in 11A. At least 29 people on the ground, including medical students, are also killed, bringing the death toll to at least 270.
  • June 12, 2025, Afternoon: Air India confirms the accident via a post on X at 2:28 PM IST, stating they are ascertaining details. By 3:26 PM IST, they confirm 242 people were on board, with 169 passengers identified initially. Rescue operations begin, and the sole survivor is rushed to a hospital for treatment.
  • June 12–13, 2025: The Aircraft Accident Investigation Bureau (AAIB) recovers one black box (likely the flight data recorder or cockpit voice recorder) from a rooftop near the crash site within 28 hours. The black box is critical for decoding the cause of the crash. India’s Civil Aviation Minister, Ram Mohan Naidu Kinjarapu, confirms the recovery and announces a high-level multi-disciplinary committee to investigate, with a report expected within three months.
  • June 13, 2025: Air India establishes Friends & Relatives Assistance Centres at Ahmedabad, Mumbai, Delhi, and Gatwick airports to support families. The Directorate General of Civil Aviation (DGCA) orders inspections of all Boeing 787s operated by Indian carriers, focusing on GEnx engines, takeoff parameters, and fuel systems. Eight of 34 Dreamliners are inspected by June 14.
  • June 14, 2025: The death toll rises to 270, with 241 passengers/crew and additional ground victims confirmed. DNA testing begins to identify severely burned bodies, with 11 victims identified by Saturday evening. A 59-second CCTV clip and a viral video by Aryan Asari become key evidence for investigators, showing the plane’s brief ascent, flat flight, and descent with no visible engine fire. Air India announces an interim compensation of Rs 25 lakh for families of deceased passengers and Rs 1 crore for ground victims’ families, as stated by the Tata Group.
  • June 15, 2025: DNA testing progresses, with 45 victims’ identities confirmed and 33 bodies handed over to families, including those from Udaipur, Kheda, Vadodara, Visnagar, and Ahmedabad. The remains of former Gujarat Chief Minister Vijay Rupani, who was on board, have not yet been identified. The Gujarat government provides grief counselors to support families. A local auto-rickshaw driver, Nilesh Vaghela, begins crafting coffins for victims, earning praise as a local hero.
  • June 15, 2025, Evening: The death toll is updated to 274 by Gujarat Health Minister Rushikesh Patel. Two additional charred bodies are found, one possibly an air hostess based on clothing fragments. India orders extended surveillance of all Boeing 787s, and the investigation expands with assistance from UK and US teams. Air India and Air India Express retire the flight number AI-171 as a mark of respect.
Latest Updates as of June 16, 2025
  • Investigation Progress: The AAIB, supported by UK and US experts, is analyzing the black box and CCTV footage. The right-side engine, overhauled in March 2025, is under scrutiny, though no fire was visible in videos before impact. The lack of thrust reported by the pilot suggests a possible engine or system failure, but no conclusive cause has been determined. A high-level committee led by the Home Secretary is tasked with delivering a report within three months.
  • Victim Identification: As of June 15, 80 DNA samples have been matched, with 33 bodies released to families. The identification of former CM Vijay Rupani remains pending, causing distress for his family. The process is complicated by the severe burns and mutilation of remains, requiring forensic expertise from the State Forensic Science Laboratory (FSL) and National Forensic Sciences University (NFSU).
  • Sole Survivor: Vishwash Kumar Ramesh, the lone survivor, is recovering in an Ahmedabad hospital. His survival, described as a “miracle,” is attributed to his seating position and rapid rescue efforts.
  • Compensation and Support: Air India’s Rs 25 lakh interim payment to families of deceased passengers and Rs 1 crore for ground victims have been confirmed. The Tata Group’s commitment reflects the scale of the tragedy. Grief counseling continues, with local authorities coordinating support.
  • Public and Political Response: Congress president Mallikarjun Kharge visited the crash site on June 14, demanding accountability and criticizing the lack of immediate government compensation announcements. Google Trends reported a 1,000% surge in searches for “Ahmedabad plane crash,” with terms like “black box” and “Boeing 787” spiking, reflecting public anxiety.
Hyperlocal News Updates from Gujarat
Additional Notes
  • Boeing 787 Safety Record: This crash marks the first fatal incident for the Boeing 787 Dreamliner, which has been in service for 16 years with approximately 1,200 aircraft worldwide. The aircraft’s right engine was overhauled in March 2025, and no safety flags were reported before the crash.
  • Challenges in Investigation: The extreme heat of the crash has complicated body identification, with forensic teams working overnight. The black box data is still being decoded, and the CCTV footage indicates no visible engine fire, suggesting a mechanical or systemic issue.
  • Hyperlocal Context: Gujarat’s media has focused on the human toll, including stories of victims like Kinal Mistry, a 24-year-old dropped off by her father, and Lawrence Daniel Christian, whose family faced a second loss. Local narratives also highlight the emotional impact on Ahmedabad’s residents, with vigils held in the city. The Guardian - Tributes paid to victims
Sources and Citations
The information above is compiled from multiple reputable sources, with hyperlocal insights from Gujarat-based reports. For further details, refer to the embedded URLs and the following key sources:
This tragedy, India’s worst aviation disaster in three decades, continues to unfold with ongoing investigations and community support efforts in Gujarat. For real-time updates, monitor Gujarat-based news outlets like Times of India (Ahmedabad edition) or official statements from Air India on X.

Timeline and Details of Air India Flight AI171 Crash in Ahmedabad, Gujarat
On June 12, 2025, Air India Flight AI171, a Boeing 787-8 Dreamliner, crashed shortly after takeoff from Sardar Vallabhbhai Patel International Airport in Ahmedabad, Gujarat, en route to London Gatwick Airport. Below is a detailed timeline and the latest information regarding the incident, based on available sources.
Timeline of Events
  • 1:38 PM IST (08:08 UTC), June 12, 2025: Flight AI171, carrying 242 people (230 passengers, including 11 children and 2 infants, 2 pilots, and 10 crew members), took off from runway 23 at Ahmedabad’s Sardar Vallabhbhai Patel International Airport. The passenger manifest included 169 Indian nationals, 53 British nationals, 7 Portuguese nationals, and 1 Canadian national. The flight was commanded by Captain Sumeet Sabharwal (over 8,000 flying hours) and First Officer Clive Kundar (1,100 flying hours). The aircraft, registered as VT-ANB, was an 11-year-old Boeing 787-8 Dreamliner, powered by two General Electric GEnx-1B67 engines.
  • 1:38–1:39 PM IST: Seconds after takeoff, the aircraft reached a maximum altitude of 625 feet (191 meters) but struggled to gain further altitude. The flight crew issued a Mayday call, indicating an emergency, before communication was lost. The ADS-B transponder signal was lost at approximately 230 feet (70 meters), near the threshold of runway 05. CCTV footage showed the aircraft lifting off smoothly but failing to climb, descending gradually while pitching upwards, and crashing approximately 30 seconds after takeoff, about 1.5 kilometers (0.9 miles) from the runway.
  • Crash Impact (Approx. 1:39 PM IST): The aircraft crashed into the residential area of Meghani Nagar, striking the doctors’ quarters and hostel buildings of B.J. Medical College and Civil Hospital. The plane’s partially intact stabilizers and tail cone came to rest on a multi-storey hostel building, specifically hitting a dining hall where 60–80 medical students were present during lunch. The crash caused multiple explosions and a massive fire, fueled by the aircraft’s heavy fuel load (100 tonnes, nearly a full load for the long-haul flight). Thick black smoke and a fireball were reported by eyewitnesses.
  • 1:45 PM IST: The Ahmedabad Fire and Emergency Services Department received the first emergency call. Two firefighter teams from Naroda GIDC were dispatched immediately, followed by a “brigade call.” A total of 337 firemen, 60 fire vehicles, and 20 water bowsers were deployed, along with multiple ambulances, including 20 from the fire department. All roads to the crash site were closed to facilitate rescue operations.
  • Immediate Aftermath (Afternoon, June 12): Emergency services, including six National Disaster Response Force (NDRF) teams with 90 personnel from Gandhinagar, fire engines, ambulances, and police units, were mobilized. The Ahmedabad Municipal Corporation deployed 159 vehicles, 15 earthmovers, 5 excavators, 25 trucks, and 1 roller, along with 130 engineers and over 100 health department personnel, to clear debris and support relief efforts. Municipal hospitals were placed on emergency readiness.
  • June 12, Evening: Air India confirmed the crash, reporting 241 of the 242 people on board were killed, with one survivor, Vishwash Kumar Ramesh, a 40-year-old Indian-origin British national seated in 11A near an emergency exit. Ramesh survived with multiple injuries but was reported out of danger. He described hearing a loud bang and escaping the wreckage amidst bodies and debris. The crash also killed at least 33 people on the ground, including medical students in the hostel. Among the victims was Vijay Rupani, former Chief Minister of Gujarat (2016–2021).
  • June 13, 2025: 

    • Rescue operations continued with teams using sniffer dogs and specialized equipment like metal cutters to search for the aircraft’s black boxes (flight data recorder and cockpit voice recorder). One black box, the flight data recorder, was recovered by India’s Aircraft Accident Investigation Bureau (AAIB) after 28 hours of searching, a critical step for the investigation.
    • By this date, six bodies had been released to families after identification. At least 50 medical students from the hostel were hospitalized.
    • Ahmedabad Airport suspended all flight operations temporarily but resumed limited operations later in the day.
    • Prime Minister Narendra Modi visited the crash site and met with the sole survivor, Vishwash Kumar Ramesh, at Ahmedabad Civil Hospital. Modi expressed grief, calling the incident “heartbreaking beyond words,” and coordinated with local authorities for emergency response.
    • India’s Civil Aviation Minister, Ram Mohan Naidu Kinjarapu, announced a three-month deadline for the investigation team to submit its report. The Directorate General of Civil Aviation (DGCA) ordered Air India to conduct one-time safety checks on its entire Boeing 787 fleet, focusing on takeoff parameters and power assurance checks for aircraft with GE Aerospace GEnx engines. Air India reported completing checks on 9 of its 24 Boeing 787 aircraft.
  • June 14, 2025: 

    • The death toll rose to 270, including 241 on board and additional ground casualties. Rescue teams recovered another body from the tail section of the wreckage.
    • Congress President Mallikarjun Kharge visited the crash site and Ahmedabad Civil Hospital, urging collective support for the affected and emphasizing that such incidents should not be considered routine.
    • The full passenger list was released, confirming Vijay Rupani’s presence in business class. Families were asked to provide DNA samples for identification due to the severe charring of bodies.
  • June 15, 2025: 

    • By 9:00 PM, 19 victims’ identities were confirmed through DNA testing at Ahmedabad Civil Hospital, with one body handed over to a family. The State Forensic Science Laboratory (FSL) and National Forensic Sciences University (NFSU) teams continued DNA matching efforts overnight.
    • The Centre established a high-level multi-disciplinary committee, headed by the Union Home Secretary, to investigate the crash and propose guidelines to prevent future incidents. A report is expected within three months.
    • Air India announced that the flight number AI171 would be retired, with the Ahmedabad–London Gatwick route reassigned as AI159 starting June 17. This follows standard practice after fatal crashes, as seen with Air India Express flight IX171.
Latest Details
  • Casualties and Survivors: As of June 15, 2025, the crash resulted in at least 274 deaths (241 on board, 33 on the ground, with some sources reporting up to 290 total casualties). The sole survivor, Vishwash Kumar Ramesh, seated in 11A, survived due to his proximity to an emergency exit. His survival has sparked discussions about seat safety, though experts note it was likely a combination of luck and location. At least 50 medical students were injured, with 10–12 reportedly trapped in the fire at the hostel’s dining hall.
  • Investigation: The AAIB is leading the investigation, supported by Boeing experts, the U.S. National Transportation Safety Board (NTSB), and UK investigators due to the significant number of British nationals involved. The recovered flight data recorder will provide critical clues, but the cockpit voice recorder remains missing as of June 15. Possible causes under consideration include:

    • Flap or slat configuration issues: Experts suggest the aircraft’s wing flaps may not have been properly extended, reducing lift in the hot (40°C/104°F) conditions, which require higher flap settings and engine thrust. The Boeing 787’s Takeoff Configuration Warning System should have alerted the crew to such issues, but this is unconfirmed.
    • Engine failure: Insufficient thrust or engine failure is a leading hypothesis, supported by the aircraft’s failure to climb and the loud bang reported by the survivor. The aircraft used GE Aerospace GEnx engines, and GE has deployed a team to assist.
    • Bird strike: Ahmedabad Airport is known for bird activity, with 38 bird strikes reported in 2022–23. A bird strike could have caused engine failure, though no definitive evidence has emerged.
    • Pilot error: Some experts suggest the pilots may have mistakenly retracted flaps instead of the landing gear, as video footage showed the landing gear down during the crash.
    • The investigation will also examine maintenance records, pilot training, and weather conditions (stable and clear at the time). A final report may take months or years.

  • Response and Compensation: 

    • Tata Group, Air India’s parent company, announced ₹10 million (US$120,000) compensation per deceased passenger and ₹1 crore (US$120,000) for ground victims’ families. Under the Montreal Convention, Air India is liable for approximately ₹1.5 crore (US$180,000) per passenger killed. Medical expenses for the injured are also covered.
    • Air India established a hotline (1800 5691 444; +91 8062779200 for international callers) and sent a team of caregivers to Ahmedabad to support affected families.
    • The Gujarat government set up a “green corridor” for emergency vehicles and deployed extensive resources for rescue and recovery.
  • Impact and Context: 

    • This is the first fatal crash and hull loss of a Boeing 787 Dreamliner since its introduction in 2011, and Air India’s deadliest crash since the 1985 Flight 182 bombing. It is also India’s deadliest aviation accident since the 1996 Charkhi Dadri mid-air collision.
    • The crash has raised concerns about Boeing’s safety record, following prior 737 Max incidents and whistleblower allegations about 787 manufacturing flaws (denied by Boeing). However, experts note the aircraft’s age (11 years) and extensive flight history (41,000 hours, 8,000 takeoffs/landings) suggest maintenance or operational issues may be more likely than manufacturing defects.
    • The incident has impacted Air India’s reputation as it works to modernize its image and has led to a 7% drop in Boeing’s stock price.
  • Notable Victims: The death of Vijay Rupani, a prominent political figure, has drawn significant attention. His funeral was scheduled for June 16 in Rajkot. Other victims included crew members like 23-year-old Patil from Nhava village and Kongbrailatpam Nganthoi Sharma, whose families were called for DNA testing.
Current Status (as of June 15, 2025)
  • Rescue and recovery operations continue, with efforts focused on identifying remaining victims through DNA testing and recovering the cockpit voice recorder.
  • The high-level committee and international investigators are analyzing the flight data recorder, with a focus on engine performance, flap settings, and potential bird strikes.
  • Air India is completing safety checks on its Boeing 787 fleet, and the Ahmedabad–London Gatwick route will operate under the new flight number AI159 starting June 17.
This tragedy has prompted widespread grief, with condolence meetings and prayer ceremonies held across India, including in Haridwar. The investigation’s findings will be critical for understanding the cause and preventing future incidents.
Note: The death toll varies slightly across sources (270–290), likely due to ongoing recovery and identification efforts. For further updates, refer to Air India’s official X handle (@airindia) or the hotline provided. 

Meanwhile, lets take a look at what is buzzing across the World, Nation and State. 

INDIA MARKETS REVIEW

Financial Markets Wrap: India, June 13, 2025
Indian financial markets closed the week ending June 13, 2025, on a volatile note, reflecting global jitters and local triggers.
The equity markets saw sharp declines, with the BSE Sensex plunging over 1,000 points to 81,692 and the Nifty 50 sliding to 24,828, driven by geopolitical tensions and FII outflows Moneycontrol.
An Air India plane crash in Ahmedabad sparked panic selling, pushing Nifty below 25,000 Economic Times.
Banking and aviation stocks tanked, though oil & gas and telecom sectors showed resilience Business Standard.
Commodity markets remained subdued, with gold prices stable but crude oil rallying amid Middle East tensions Mint.
The currency market saw the rupee holding steady near 85.6 against the USD, supported by RBI’s liquidity measures Financial Express.
Bond markets reacted to the RBI’s surprise 50 bps rate cut to 5.50% and halt of VRR auctions, with yields softening Business Line.
Fund markets witnessed mixed flows, with mutual funds seeing inflows in equity schemes but debt funds facing redemptions ET Markets.

Money markets stayed liquid, bolstered by RBI’s 100 bps CRR cut, though short-term rates edged up CNBC-TV18.

Hyperlocal updates added to the market narrative.
In Mumbai’s Dalal Street, traders cited the Ahmedabad crash as a key sentiment dampener Mumbai Mirror.
Delhi’s fund managers reported cautious retail investor activity amid market dips Delhi Times.
Bengaluru’s commodity traders noted stable gold demand despite global volatility Deccan Herald.

The week underscored India’s markets navigating a complex interplay of global risks, policy shifts, and local shocks.

Investors are advised to stay vigilant as volatility may persist.

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WORLD MARKETS REVIEW

Global Markets Wrap: Week Ending June 13, 2025
Global financial markets witnessed a turbulent week ending June 13, 2025, driven by geopolitical tensions and macroeconomic uncertainties.
Starting in Auckland, New Zealand, where markets opened the week, the South Pacific region saw equities dip as Asian markets, including Australia, faced a selloff triggered by Israel’s military strikes on Iran, pushing oil prices up 7% with Brent crude settling at $74.23 a barrel Reuters.
In Asia, stocks like India’s Sensex and Nifty 50 slid, with banking and metal stocks dragging indices amid Middle East tensions, though gold hit a record high above $3,400/oz The Hindu BusinessLine.
Eurasia and Europe followed suit, with the STOXX 600 dropping 0.3% as trade optimism waned Reuters.
The European Central Bank’s signals of fewer rate cuts pushed the euro to a six-week high against the dollar, impacting currency markets Reuters.
In the Middle East, oil price surges raised inflation fears, while African markets tracked global declines, with Nairobi noting currency and debt market moves CNBC Africa.
In Latin America and the Caribbean, markets remained cautious amid global volatility, with no major hyperlocal triggers reported.
North America saw the S&P 500 fall 1.1% on Friday, its worst day in a month, as Iran’s retaliation to Israel’s strikes shook investor confidence The New York Times.
In Mexico, Canada, and the US, bond markets saw US 10-year Treasury yields rise to 4.413% Reuters.
Alaska, closing the global trading week, mirrored North American trends with no distinct hyperlocal market updates.
Commodity markets shone with silver up 10% to a 13-year high of $36/oz and platinum gaining similarly Yahoo Finance.
Currency markets saw the dollar hit a 2025 low, while safe-haven assets like gold and the Swiss franc rallied Reuters.
Fund and money markets remained jittery, with investors eyeing US tariff policies and fiscal concerns.
Despite the volatility, the MSCI World index hit a record high earlier in the week, reflecting resilience in global equities Yahoo Finance.

As markets brace for further geopolitical and policy developments, caution remains the watchword globally.

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THE BUSINESS BUZZ

As i scan the online and offline space in Business Media space of the nation, it seems headlines are dominated with the updates from Global Markets, Indian Bourses, Key and Sectoral, Brokerage views, Corporate Announcements and Stock Specific views and allied price movements, LIVE MARKET UPDATES etc. which can very well be read in the INDIA BUSINESS NEWSWIRES and WORLD BUSINESS NEWSWIRES, as well.

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THE INDIA STORY

India’s Financial and Retail Sectors Buzz with Strategic Moves and Hyperlocal Growth
In the past 96 hours, India’s economic landscape has witnessed significant developments, particularly in finance and retail, alongside hyperlocal warehousing surges. The Reserve Bank of India (RBI) has introduced a game-changer by making state bonds eligible for STRIPS (Separate Trading of Registered Interest and Principal of Securities), boosting fixed-income investment options for investors seeking safer avenues amid market volatility Economic Times. However, the financial sector faced a setback as top firms, including HDFC Bank and Reliance Industries, saw ₹1.65 lakh crore in market cap wiped out in a week, reflecting investor caution amid global uncertainties ET Now.
In retail, the hyperlocal delivery boom, driven by quick-commerce platforms like Blinkit and Zepto, is reshaping urban and tier-2 cities. A surge in demand for 10-minute deliveries has fuelled warehousing growth in cities like Pune, Hyderabad, and Jaipur, with developers like Welspun One capitalising on this trend Economic Times. This hyperlocal push is not just urban—tier-2 towns like Nagpur are emerging as logistics hubs, creating jobs and boosting local economies.

Commentary: The RBI’s STRIPS move is a smart step to deepen India’s bond market, but the market bloodbath shows investor jitters need addressing. Meanwhile, the hyperlocal delivery craze is a double-edged sword—while it’s driving economic activity in smaller cities, the sustainability of such razor-thin margins remains a worry. Policymakers must ensure infrastructure keeps pace to prevent bottlenecks in this retail revolution.

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THE WORLD DYNAMICS

Global Business, Finance, and Economy Roundup: Last 96 Hours
The past 96 hours have seen a whirlwind of economic developments across the globe, from Auckland to Alaska, with ripples felt in markets and hyperlocal spaces alike. Here’s a concise look at the trending stories in business, finance, and economy, reflecting the Indian English perspective.
In Auckland, New Zealand, and the broader South Pacific, economic focus remains on trade resilience amid global tariff tensions. New Zealand’s export-driven economy, particularly dairy and agriculture, faces challenges from potential disruptions in global supply chains, as highlighted by concerns over U.S.-China trade wars impacting Asia-Pacific markets The New York Times.
In Asia, China’s economic growth target for 2025 stays at “around 5%” despite looming U.S. tariffs, which could shave 0.5-0.7% off its GDP growth, per HSBC and J.P. Morgan analysts. Meanwhile, South Korea grapples with low consumer confidence, with only 15% believing the country is “heading in the right direction” due to economic slowdown and recent data breaches Ipsos. In India, hyperlocal news highlights the Indian Express outperforming global peers like Newsweek with a 9% month-on-month traffic surge, reflecting the growing digital news market Press Gazette.
Eurasia and the Middle East are navigating economic uncertainty. The U.K.’s reliance on speculative capital over industry, as noted by Politico, underscores broader distortions in global trade systems, with implications for Eurasian markets Politico. In the Middle East, businesses brace for tariff-related disruptions, though specific regional updates remain sparse in recent reports.
In Africa, Lesotho faces severe economic strain from U.S. tariffs, threatening its $2.1 billion economy, heavily reliant on trade with South Africa and beyond. Local business owners are strategizing to mitigate impacts, but options are limited The Guardian.
Europe is reeling from tariff-induced market volatility. The EU’s retaliatory trade measures against U.S. tariffs have led to declines in European stock indexes, with fears of inflation and supply chain disruptions looming large The New York Times.
In Latin America and the Caribbean, U.S. tariffs threaten supply chains, particularly in Mexico, a key U.S. trade partner. The region’s economies, including Caribbean nations, face risks from disrupted trade flows, with no major hyperlocal updates reported Council on Foreign Relations.
North America, especially the U.S., is at the epicentre of economic turbulence. The S&P 500 dropped 1.6% amid fears of a tariff-driven downturn, with McDonald’s reporting a 3.6% sales dip and General Motors warning of up to $5 billion in tariff-related losses The Guardian. In Alaska, hyperlocal concerns include potential trade disruptions affecting energy exports, though specific updates are limited. Canada and Mexico, integral to U.S. supply chains, face uncertainty as tariffs loom The New York Times.
Hyperlocal Highlight: In Sydney, Vision Group Retail’s acquisition of Hivery, an AI-driven retail tech firm, signals a push towards hyperlocal, store-specific growth strategies, a trend resonating globally Yahoo Finance.
Commentary: The global economy is at a tipping point, with U.S. tariffs acting as a catalyst for uncertainty from Auckland to Alaska. While Asia strives for resilience, Europe and Africa face mounting pressures. India’s digital media surge offers a silver lining, but hyperlocal markets worldwide need agile strategies to navigate this storm. Policymakers and businesses must balance protectionism with global trade realities to avoid a deeper downturn.
This roundup draws from credible sources, ensuring a grounded perspective on a volatile economic landscape.
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Meanwhile enjoy the Bloomberg Business News Live (IN ENGLISH LANGUAGE) (Courtesy : Bloomberg Television) which talks on business news updates from across the World, Continents, Nation and Key Cities of the World with headquarters at New York in US. 

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THE ECONOMIC EVENTS CALENDAR

So, let us see as to how the set of economic events across the world are setting the stage for the business, economic news developments ...

Economic Events Calendar for Monday, 16 June 2025 (IST)
  • South Pacific (Australia-New Zealand): No major events scheduled. Investing.com
  • Asia:
    • Japan: BoJ Interest Rate Decision, 8:30 AM IST. X Post
  • Eurasia: No major events scheduled. FXStreet
  • Middle East: No major events scheduled. FastBull
  • Africa: No major events scheduled. Investing.com
  • Europe: No major events scheduled. Bloomberg
  • Latin America: No major events scheduled. TradingEconomics
  • Caribbean: No major events scheduled. Investing.com
  • North America (Mexico, US, Canada): No major events scheduled. FXStreet

Note: Events are subject to change due to the dynamic nature of financial markets. Verify with primary sources for real-time updates.
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So, let's see what is really buzzing on THE CORE REPORT WITH GOVINDRAJ ETHIRAJ (PODCAST), (Courtesy : thecore.in) - straight from the heart of the India's financial capital - Mumbai. 

THE CORE REPORT WITH GOVINDRAJ ETHIRAJ is also accessible on several social media and podcast platforms including AMAZON MUSIC, APPLE PODCASTS, CASTRO FM, SPOTIFY and YOUTUBE as well. 

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THE GLOBAL WRAP-UP

So, how are the sectoral news developments across the world and news-geographies shaping the global business news landscape ...

Global News Roundup: Last 96 Hours in Indian English

Auckland, New Zealand: The city’s news scene is buzzing with concerns over media trust, as a recent report highlights “Trump fatigue” driving Kiwis away from news consumption, with trust in media stabilising but still low at 33% in 2024, down from 53% in 2020. theconversation.com Meanwhile, Auckland police arrested a 52-year-old for vandalising multiple Tesla vehicles, reflecting a dip in EV sales post-subsidy cuts. reuters.com
South Pacific (Australia-New Zealand): In Australia, PM Anthony Albanese, re-elected with a stronger mandate, is focusing on housing, renewable energy, and AI-driven economic productivity, shrugging off queries about US President-elect Donald Trump. theguardian.com New Zealand’s economy, however, faces gloom with 127,800 people leaving in 2024 amid recession and rising unemployment. reuters.com
Asia: India’s Q2 GDP growth slowed to 5.4%, raising concerns about economic momentum. jagranjosh.com In cricket, Washington Sundar’s gritty performance in the India-New Zealand Test in Pune grabbed headlines, denying Latham a century. jagranjosh.com China’s military drills with “extremely capable” missiles near Australia and New Zealand stirred regional tensions. telegraph.co.uk
EurAsia: Geopolitical rivalries intensify as China, Russia, Iran, and Turkey pursue “new imperial geopolitics,” intervening in smaller states’ affairs, with China leveraging economic ties. foreignaffairs.com India’s growing diaspora in the West is boosting its economic and political clout. indianexpress.com
Middle East: New Zealand’s designation of Hezbollah as a terrorist organisation sparked debate, with critics accusing the government of ignoring Israel’s alleged war crimes. middleeastmonitor.com
Africa: No major sector-specific updates emerged, but global impunity issues, including economic and ecological abuses, were highlighted in a new Atlas of Impunity report. foreignaffairs.com
Europe: Germany’s Chancellor Olaf Scholz urged unity amid economic woes and a recent Christmas market attack, while Pope Francis called for peace in Ukraine and the Middle East. cbsnews.com
Latin America & Caribbean: Limited sector-specific news, but global entertainment trends like the viral “microwave foil mishap” resonated online. [X trend]
North America (Mexico, US, Canada): In the US, the Star Wars series Andor topped Nielsen’s streaming charts with 931 million minutes viewed, lauded for its political commentary. [X trend] Anker recalled 1.15 million power banks over fire risks. [X trend] Canada’s warming to a CANZUK alliance with Australia, New Zealand, and the UK reflects shifting geopolitics post-Trump’s re-election. telegraph.co.uk
Alaska, US: No hyperlocal developments reported, but global entertainment like Taskmaster’s tense final tasks captivated audiences. [X trend]
Commentary: The world’s economic and political landscape remains turbulent, with New Zealand’s brain drain and India’s slowing GDP signaling caution. Media trust is waning globally, while entertainment and sports provide fleeting relief. Geopolitical tensions, from China’s Pacific drills to EurAsia’s imperial shifts, underscore a fragile global order. Hyperlocal issues, like Auckland’s Tesla vandalism, reflect broader economic strains. As 2025 unfolds, balancing growth, trust, and stability will be key.
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Meanwhile enjoy the LIVE: CNBC Marathon - Documentaries and deep dives 24/7 (IN ENGLISH LANGUAGE) (Courtesy : CNBC) which talks on business news updates from across the World, Continents, Nation and Key Cities of the World with headquarters at New York in US. 

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THE INDIA WRAP-UP

So, how are the sectoral news developments across the Nation (India) shaping the business news landscape of the nation ...

India News Wrap: Last 96 Hours
Business & Finance: The Indian business landscape faced turbulence with the tragic Air India crash in Ahmedabad, claiming at least 270 lives, prompting a high-level government probe and scrutiny of Boeing 787 fleets CNBCTV18.
Meanwhile, Byju’s edtech empire continues to unravel, signaling challenges in the sector FT.
NHAI plans to raise ₹20,000 crore via InvIT rounds to bolster infrastructure LiveMint.
The World Bank trimmed India’s FY26 growth forecast to 6.3%, citing global headwinds CNBCTV18.
Equity mutual fund inflows hit a 13-month low, reflecting cautious investor sentiment CNBCTV18.
Commerce Minister Piyush Goyal pushed for India to develop its own Big 4 consulting firms, emphasizing self-reliance CNBCTV18.
Economic News: Global trade tensions escalated as India faces EU scrutiny over steel quotas and a US duty hike LiveMint.
The RBI’s move to bar offshore fixed deposits and limit remittances aims to tighten financial regulations LiveMint.
Automakers urged the Centre to secure rare earth supplies, critical for EV production LiveMint.
Politics: The Ahmedabad crash has sparked political debates on aviation safety, with opposition parties demanding accountability CNBCTV18.
Goyal’s remarks on China’s trade curbs as a “wake-up call” reflect India’s push for economic sovereignty CNBCTV18.
Sports: No major hyperlocal sports developments surfaced, but global trends like Mikey Moore’s injury during the England U19 match against Norway raised concerns among Indian football fans tracking young talent X Trends.
Entertainment: Bollywood remained relatively quiet, with no significant releases or controversies reported in the last 96 hours. However, social media buzz on X highlighted growing interest in regional cinema, especially in South India.
Crime: The Ahmedabad crash dominates crime-related discussions, with investigations underway to determine the cause CNBCTV18. No other major hyperlocal crime incidents were reported.
Hyperlocal Developments: In Ahmedabad, the Air India tragedy has led to community mourning and calls for stricter aviation oversight CNBCTV18.
In Delhi, NHAI’s fundraising plans have sparked local discussions on infrastructure upgrades LiveMint.
Commentary: The past 96 hours reflect India’s complex socio-economic fabric—grief over the Ahmedabad tragedy, economic recalibrations amid global trade shifts, and a push for self-reliance in business and tech.
While the government’s swift probe into the crash is commendable, long-term aviation safety and infrastructure funding need urgent focus.
The economic outlook, tempered by global forecasts, underscores the need for robust domestic policies to counter external pressures.

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Meanwhile enjoy the ET NOW LIVE FEED (IN ENGLISH LANGUAGE) (Courtesy : ET NOW) which talks on business news updates from across the World, Continents, Nation and Key Cities of the World with headquarters at Mumbai in India.

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THE GLOBAL OUTLOOK

So, what is the outlook today for the Financial markets across the world right from Auckland (in New Zealand) till Alaska (in The UNITED STATES OF AMERICA), which will shape the investment and trade patterns for today  ...

Financial Markets Outlook: Monday, 16 June 2025
Equities: Global markets are cautious amid geopolitical tensions, particularly Israel-Iran conflicts, impacting sentiment. Indian indices like Nifty may trade within 24,500-25,100, with focus on central bank meetings (Federal Reserve, Bank of England, Bank of Japan) and monsoon progress Economic Times. Asia-Pacific markets, led by Australia and Japan, may rise on U.S.-China trade optimism CNBC. European stocks may stay choppy, eyeing U.S.-China trade details Reuters. Latin America and Caribbean markets face tariff-related volatility, while North American indices, especially U.S., remain resilient despite credit downgrades CNBC.
Commodities: Crude oil prices stabilised after a surge due to Israel’s strikes on Iran, with Brent crude under watch for Hormuz Strait risks Bloomberg. Gold, crossing ₹1 lakh/10g in India, may see a short-term correction Economic Times. Base metals hold steady Moneycontrol.
Currency: The U.S. dollar remains strong, with GBP/USD struggling at 1.36 after UK GDP contraction Investing.com. Asia’s shift from USD gains pace, benefiting INR CNBC. Australian dollar may weaken post-rate cut CNBC.
Cryptocurrency: Bitcoin hovers near $105,600, showing resilience despite global tensions. Institutional interest stabilises prices, but caution advised Bloomberg Moneycontrol.
Bonds: U.S. Treasury yields dip as Fed signals one rate cut in 2025, at 4.50% for 10-year notes CNBC Moneycontrol. Indian bonds perform strongly, driven by stable capital flows Bloomberg.
Funds: India remains a safe haven for global funds, with steady inflows into bonds and equities Bloomberg. ‘China Plus One’ strategy boosts Indian markets CNBC.
Money Markets: China’s benchmark lending rate cut supports growth, impacting regional liquidity CNBC. ECB’s near-2% inflation target may stabilise Eurozone rates Bloomberg.
Outlook: Markets remain cautious with focus on geopolitics, central bank moves, and U.S.-China trade talks. Indian investors should diversify, eyeing safe-haven assets Bloomberg.
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THE INDIA OUTLOOK

So, what is the outlook today for the Financial markets in India, which will shape the investment and trade patterns for today on the floors of Indian Bourses - National Stock Exchange (NSE NIFTY) and BSE (BSE SENSEX) ...

Financial Markets Outlook for India: 16 June 2025
Equities: Indian markets are likely to open cautiously due to global geopolitical tensions, particularly Israel-Iran conflicts, and upcoming central bank meetings (Federal Reserve, BoE, BoJ). The Nifty 50 and Sensex may remain volatile, with focus on defensive sectors like FMCG and Pharma. Nifty’s range is expected to be 24,500-25,100, with a mildly bullish tone (PCR ~0.79) but rising volatility (India VIX up 7.6% to 15.08). Domestic institutional investors (DIIs) continue buying, while foreign institutional investors (FIIs) may remain net sellers. Moneycontrol, Economic Times
Commodities: Gold prices, breaching ₹1 lakh/10g, may see consolidation but remain supported as a safe-haven amid Middle East tensions. Crude oil prices are volatile due to potential supply disruptions, with Brent crude surging after Israel’s strikes on Iran. A ‘buy on dips’ strategy is advised for gold and silver. Economic Times
Currency: The Indian rupee is expected to stay range-bound near 85.58 against the USD, cushioned by RBI interventions but pressured by a stronger dollar and global trade concerns. Forward premiums may tick up slightly. Economic Times
Cryptocurrency: Bitcoin, near $105,600, shows resilience despite global tensions. Institutional interest is rising, but short-term dips are possible. Investors should adopt a systematic approach for long-term gains. Bloomberg Quint
Bonds: Government bond yields (10-year at 6.353%) are mildly dipping, supported by expectations of an RBI rate cut. High-quality corporate bonds remain attractive for stability. Moneycontrol, RBI
Funds: Equity mutual fund inflows dropped 22% to ₹19,000 crore in May, but long-term prospects remain strong, especially in infrastructure and defence. Debt funds continue to see demand for stability. Economic Times
Money Markets: Call rates are steady at 4.75%-5.40%. RBI’s liquidity management via bond purchases and FX swaps supports stability. RBI, Moneycontrol
Advice: Adopt a wait-and-watch approach for equities, focus on safe-haven assets like gold, and monitor global cues for currency and crypto moves.
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Meanwhile enjoy the CNBC AWAAZ LIVE FEED (IN HINDI LANGUAGE) (Courtesy : CNBC AWAAZ) which talks on business news updates from across the World, Continents, Nation and Key Cities of the World with headquarters at Mumbai in India. 

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Meanwhile enjoy the ET NOW SWADESH LIVE FEED (IN HINDI LANGUAGE) (Courtesy : ET NOW SWADESH) which talks on business news updates from across the World, Continents, Nation and Key Cities of the World with headquarters at Mumbai in India. 

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Stay Tunned and Connected.

Yours Truly,


-Sd-
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HIMANSHU RAMNIKBHAI BHAYANI
https://himanshubhayani.com
Independent Journalist @ #DLG+2
https://datelinegujaratnews.com

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BUSINESS NEWSWIRES

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