Category: News

Sydney, June 26: Australia secured a place in the knockout stage of the FIFA World Cup after holding Paraguay to a 0–0 draw in a tightly contested group-stage match.

Despite several attempts from both sides, neither team was able to break the deadlock, with strong defensive displays and disciplined goalkeeping keeping the scoreline unchanged throughout the match.

The result proved sufficient for Australia to advance to the next round, as they accumulated the necessary points from their group-stage campaign.

Paraguay, meanwhile, saw their campaign come to an end after failing to secure a win in the decisive fixture.

The match highlighted Australia’s resilience and tactical discipline, particularly in defence, as they managed to withstand sustained pressure during key phases of the game.

With this result, Australia move forward to the knockout stage, keeping their World Cup campaign alive.

New Delhi, June 26: India has ranked fourth globally with 61 unicorn companies, according to the latest Hurun Global Unicorn Index, underlining the country’s expanding footprint in the global startup ecosystem.

The report highlights India’s growing stature as a major hub for innovation and entrepreneurship, supported by rapid growth across key sectors such as fintech, e-commerce, software services, and consumer technology.

The United States and China continue to occupy the top two positions in the global rankings. India’s strong performance reflects the sustained expansion of its digital economy, rising domestic demand, and increasing participation from domestic and global investors in high-growth startups.

Industry experts attribute the rise in unicorn companies to improved access to venture capital, supportive policy initiatives, and accelerated digital adoption across industries. These factors have collectively strengthened India’s startup ecosystem and enabled several firms to scale rapidly.

The Hurun report also notes that India’s startup landscape is steadily maturing, with new-age companies contributing significantly to innovation, employment generation, and overall economic growth.

India’s fourth-place ranking reinforces its position as one of the fastest-growing innovation-driven economies in the world, with expectations of further growth in the number of unicorns in the coming years.

June 26: Vessel traffic through the Strait of Hormuz has recovered to approximately 57% of pre-conflict levels, indicating a gradual stabilisation in one of the world’s most critical maritime and energy transit routes, according to a recent shipping and trade monitoring report.

The Strait of Hormuz, which connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, is a vital chokepoint for global energy flows, particularly crude oil and liquefied natural gas shipments from major producing countries in the Middle East to international markets. Any disruption in this narrow waterway typically has a significant impact on global energy supply chains and price stability.

The report highlighted that shipping activity in the region has improved steadily following earlier disruptions linked to geopolitical tensions. However, overall traffic remains below normal levels as shipping companies continue to adopt cautious routing strategies amid lingering security concerns.

Industry analysts noted that while the rebound in vessel movement reflects improving operational conditions, the pace of recovery remains uneven. Many shipping operators and insurers continue to factor in elevated risk premiums, which is affecting voyage planning and limiting a full return to pre-conflict shipping volumes.

The Strait of Hormuz remains under close observation by global energy markets, insurers, and maritime authorities due to its strategic importance and its role in facilitating a significant share of the world’s seaborne energy trade. Analysts say sustained stability in the region will be crucial for a complete recovery in shipping traffic in the coming months.

Mumbai, June 26: The Indian stock markets will remain closed today on account of Muharram, a scheduled trading holiday.

Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will not conduct trading in equity, equity derivatives, securities lending and borrowing (SLB), and currency derivatives segments. Normal trading activities will resume on the next working day.

The closure is in line with the official holiday calendar issued by the stock exchanges. Investors and market participants have been advised to plan their trading and settlement activities accordingly to avoid any inconvenience.

While markets remain closed, investors can still access their trading platforms to view portfolios and place orders, which will be processed once trading resumes.

The exchanges periodically release trading holiday schedules to ensure smooth functioning and advance planning for all stakeholders in the financial markets.

Bhubaneswar, June 26: Senior Biju Janata Dal (BJD) leader and Chief Whip of the BJD Legislature Party, Pramila Mallik, has been appointed as the Chairperson of the Public Accounts Committee (PAC) of the Odisha Legislative Assembly for the financial year 2026–27.

The appointment was made by Speaker Surama Padhy through a notification issued by the Odisha Legislative Assembly Secretariat. Mallik was nominated to head the committee under Rule 197(1) of the Rules of Procedure and Conduct of Business of the Odisha Legislative Assembly.

The 12-member Public Accounts Committee has been constituted under Rule 135(1) of the Assembly’s Rules of Procedure and Conduct of Business.

The committee comprises Chairperson Pramila Mallik along with members Rama Chandra Kadam, Dr. Aruna Kumar Sahu, Ganeswar Behera, Sanatan Bijuli, Akash Dasnayak, Kalikesh Narayan Singh Deo, Ashok Mohanty, Babu Singh, Santosh Khatua, Amar Kumar Nayak and Arabinda Mohapatra.

The Public Accounts Committee is one of the most significant financial oversight bodies of the Odisha Legislative Assembly. It examines the reports of the Comptroller and Auditor General (CAG) of India and scrutinises government expenditure to ensure that public funds are utilised in accordance with legislative approvals and established financial norms. The committee plays a crucial role in promoting transparency, accountability and fiscal discipline in public administration.

The constitution of the committee for 2026–27 is expected to further strengthen legislative oversight over the state’s financial management and expenditure.

Bhubaneswar, June 26 (UDN): The Odisha Government has announced the temporary suspension of the ‘VB-G Ram G’ work for a period of 60 days during the ongoing agricultural season to facilitate farming activities across the state.

According to an official notification issued by the government, the decision has been taken keeping in view the peak agricultural operations during the Kharif season. The suspension aims to ensure that farmers and rural workers can actively participate in farming activities without any disruption.

The government stated that the temporary halt in the implementation of the scheme will help address the increased demand for labour in agricultural fields during the sowing season. The move is expected to support timely cultivation and enhance agricultural productivity.

Officials said that the scheme’s activities will resume after the completion of the 60-day suspension period. Necessary instructions have already been issued to the concerned departments and implementing agencies for effective compliance with the government’s directive.

The state government reiterated its commitment to safeguarding farmers’ interests while ensuring the smooth implementation of rural development programmes.

Puri, June 26 (UDN): In preparation for the upcoming Snana Yatra and Rath Yatra of Lord Jagannath, a comprehensive mock drill was conducted in Puri on Friday to ensure smooth, safe, and disciplined management of the festivals.

The exercise was organized with the active participation of various government departments and agencies, including the district administration, police, health services, fire services, municipal authorities, and other stakeholders. The mock drill aimed at strengthening inter-departmental coordination and assessing preparedness for crowd management, emergency response, traffic regulation, and other essential services during the grand annual festivals.

Officials reviewed the standard operating procedures and simulated different scenarios to ensure prompt and effective responses in case of any emergency. Special emphasis was laid on maintaining law and order, ensuring seamless movement of devotees, and providing necessary public amenities.

The district administration reiterated its commitment to conducting the Snana Yatra and Rath Yatra in a safe, orderly, and hassle-free manner for lakhs of devotees expected to visit Puri during the festivities.

Senior officials from various departments were present during the exercise and expressed satisfaction over the preparedness measures undertaken.

Caracas, June 25: Venezuela was shaken by two powerful earthquakes on Wednesday, sending shockwaves across the nation and causing significant damage in and around the capital, Caracas. The strong tremors led to the collapse of several buildings, disrupted transport and communication networks, and triggered panic among residents.

Authorities have confirmed multiple fatalities and hundreds of injuries, while rescue teams continue to search for people feared trapped under debris. Emergency services have been deployed to the worst-affected areas, and temporary shelters have been set up for displaced families.

The Venezuelan government has declared a state of emergency and urged citizens to remain cautious as several aftershocks have been reported. Schools and public offices in affected regions have been closed, and hospitals are operating on emergency protocols to treat the injured.

International aid agencies and neighboring countries have expressed solidarity with Venezuela and offered assistance for rescue and relief operations. Officials warn that the death toll may rise as search teams reach remote and heavily damaged areas.

The twin earthquakes are among the strongest to strike Venezuela in recent decades, highlighting the country’s vulnerability to seismic activity and the urgent need for disaster preparedness and resilient infrastructure.

June 25: Russia is reportedly exploring the possibility of importing gasoline from India as it navigates temporary disruptions in its domestic refinery operations, according to recent reports.

The development highlights emerging energy trade dynamics between the two countries, with India’s refining capacity increasingly positioned as a potential source of supply in global fuel markets. India, one of the world’s largest refining hubs, has expanded its export capabilities in recent years, supplying petroleum products to multiple international markets.

The report suggests that refinery disruptions in Russia have created short-term supply pressures, prompting considerations for alternative sourcing options to ensure stable domestic fuel availability. In this context, India’s robust refining infrastructure and surplus production capacity have drawn attention as a viable option for meeting demand.

Industry observers note that any potential fuel trade between India and Russia would reflect broader shifts in global energy flows, where refining capacity and export flexibility are becoming key strategic assets. Such developments could also strengthen energy trade ties between the two nations.

Experts believe that India’s growing role in global petroleum product markets underscores its importance as a reliable energy supplier, particularly in times of regional supply constraints.

The report reflects ongoing changes in global energy supply chains and highlights the increasing interconnectedness of fuel markets across regions.

June 25: Union Minister Piyush Goyal has said that India’s growth journey continues to be shaped by resilience, a strong culture of learning, and national ambition.

He noted that India has consistently shown the ability to adapt to global challenges while maintaining steady economic progress. This resilience, he said, has played a key role in strengthening the country’s position in the global economy.

Goyal further emphasized that continuous learning and innovation are central to India’s development model. He highlighted that individuals, businesses, and institutions are increasingly embracing new ideas and improving their capabilities, which is helping drive competitiveness and long-term growth.

He also said that ambition at all levels of society is contributing to India’s rapid progress. According to him, this collective drive is enabling the country to expand opportunities and move steadily toward its long-term development goals.

Experts believe that India’s growth story reflects a combination of strong domestic demand, policy reforms, and a dynamic workforce, which together are supporting sustained economic momentum.

The statement reinforces India’s positioning as a resilient and fast-growing major economy focused on innovation, adaptability, and long-term vision.