In the meantime, the Indian government has evacuated students from Tehran and advised its citizens to leave the city amid escalating tensions. On Dalal Street, markets fell sharply as crude oil prices approached $75 a barrel, impacting pharma stocks due to Trump’s tariff warnings.
In financial markets, the expiry days for NSE and BSE have been adjusted to Tuesday and Thursday respectively. Additionally, the identification process for victims of the recent Air India crash is ongoing, with 162 bodies confirmed so far. Prime Minister Modi is scheduled to meet Canada’s PM Mark Carney at the G7 summit to address recent diplomatic tensions.
Moreover, an exclusive inside look at Cognizant’s new AI lab led by Siri’s creator and cab aggregators seeking GST clarity for their commission and SaaS models.
Here are the day’s Top 10 stories
Israel Iran War: Iranian military chief Ali Shadmani killed, says IDF
Iran’s wartime military chief Ali Shadmani was killed in Israeli airstrikes, according to the Israel Defence Forces (IDF) on Tuesday (June 17).
“For the second time in 5 days, the IDF has eliminated Iran’s War-Time Chief of Staff, the regime’s senior military commander,” IDF stated in a post on X (formerly Twitter).
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Catch the latest from the Israel-Iran war here
Trump to oversee Israel-Iran conflict from Situation Room, refutes Macron’s ceasefire assertion stating it’s ‘much larger than that’
In the midst of his early departure from the G7 summit in Canada, US President Donald Trump remarked on achieving a “real end” to Iran’s nuclear agenda.
In an interview with CBS, President Trump stated he would keep an eye on the conflict in the Middle East from a situation room in Washington, DC. He is also contemplating sending either Vice President JD Vance or Special Envoy to the Middle East, Steve Witkoff, to Iran for negotiations.
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Also Read | Trump claims EU not providing a fair trade agreement, Japan is being ‘tough’ as well
Indians in Iran: Urgent calls for assistance spread as Indian embassy instructs expatriates to evacuate
Indians throughout Iran are urgently seeking assistance from various channels, including the messaging app Telegram, after the Indian embassy advised them to leave war-torn Tehran on June 16. Tensions between Iran and Israel continue to escalate without any sign of relief.
Numerous messages and inquiries are being received from stranded citizens—students, professionals, and tourists—and their families back in India in a dedicated Telegram group called ‘Indians in Iran’. This group was set up by the Indian Embassy in Tehran to coordinate support, streamline communication, and organize safe passage back to India.
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Markets close lower amid widespread declines; Nifty falls below 24,900
The equity benchmarks closed significantly lower on Tuesday, dragged down by widespread selling in midcap stocks and weakness across most sectors, with the Nifty 50 dipping below the 24,900 mark, while the Sensex slipped back from its record highs.
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Also Read | Citi economist warns that supply chain disruptions pose a greater inflation risk than oil
NSE receives SEBI approval for Tuesday weekly expiry, BSE for Thursday: CNBC-TV18 newsbreak confirmed
The National Stock Exchange (NSE) has obtained approval from the capital markets regulator SEBI for a Tuesday expiry, while the BSE has been allotted a Thursday expiry, as confirmed by sources to CNBC-TV18.
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Ahmedabad plane crash: 162 victims of AI171 crash identified through DNA matching
Five days after the Air India plane crash, 162 victims have been identified via DNA testing, and 120 bodies have been returned to their families.
Authorities are conducting DNA tests to determine the identity of the victims, as many bodies were severely charred or damaged beyond recognition.
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Also Read | Air India’s Ahmedabad-London, Delhi-Paris flights canceled
PM Modi arrives in Canada for G7 Summit, scheduled to meet world leaders in Kananaskis
Prime Minister Narendra Modi arrived in Canada on Tuesday (June 17) to participate in the G7 Summit. This marks Modi’s first visit to Canada in ten years, at the invitation of his Canadian counterpart, Mark Carney.
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Steel Secretary indicates no decision on increased safeguard duty yet; license misuse under review
The government has yet to make a decision regarding the imposition of a higher safeguard duty on steel imports beyond the current provisional 12%, according to Sandeep Poundrik, Secretary of the Ministry of Steel.
He mentioned that the final decision will depend on the findings of the Directorate General of Trade Remedies’ (DGTR) investigation, which is expected to conclude by August.
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Ola introduces 0% commission model nationwide; drivers retain 100% of fare
Ride-hailing platform Ola has unveiled the nationwide launch of its 0% commission model, allowing drivers to keep 100% of their fare earnings. This initiative applies across all categories—including autos, bikes, and cabs—without any ride or income limits.
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Young Turks: Voices From The Valley | Cognizant’s New AI Lab: Inside The Silicon Valley
- Cognizant’s billion $ AI investment
- The role of humans in an era dominated by AI
- Cognizant’s large-scale contracts.
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We’ll see you on Wednesday with another engaging ‘Top 10@10.’
