Technology & Infrastructure
India’s First AI SEZ β Nava Raipur, Chhattisgarh
RackBank Data Centers (Indore) is developing India’s first AI-centric SEZ at Nava Raipur, Chhattisgarh with βΉ1,000 crore investment. Will have 4 high-density data centres, 80 MW capacity across 6 acres. Positions Chhattisgarh as a key node in India’s AI and cloud computing infrastructure ecosystem.
Defence & Manufacturing
Tata-Airbus Helicopter FAL β Kolar, Karnataka
TASL (Tata Advanced Systems) & Airbus are establishing India’s first privately-led helicopter Final Assembly Line (FAL) in Kolar district, Karnataka. Will assemble the Airbus H125 (Γcureuil) β commanding ~80% global market share in single-engine helicopters. Advances India’s Atmanirbhar Bharat defence manufacturing goals.
Sports & Adventure
Vishwanath Karthikey β Youngest Indian to Complete Seven Summits
Vishwanath Karthikey (16, Hyderabad) became the youngest Indian and 2nd youngest globally to complete the Seven Summits Challenge (highest peak on each continent). Surpassed Kaamya Karthikeyan (age 17, 2024). Global record: Jordan Romero (USA, age 15, 2011). Seven Summits include Everest (Asia), Aconcagua (S. America), Denali (N. America), Kilimanjaro (Africa), Elbrus (Europe), Vinson (Antarctica), and Carstensz Pyramid/Kosciuszko (Oceania).
Climate & Environment
WMO 2025β29 Update β 80% Chance of Record Warming Year
The WMO Global Annual to Decadal Climate Update (2025β2029) projects an 80% probability that at least one year between 2025 and 2029 will surpass 2024 as the warmest on record. Temperatures forecast at 1.2Β°Cβ1.9Β°C above 1850β1900 baseline β breaching the Paris Agreement’s 1.5Β°C threshold in some years.
Banking & Finance
RBI Draft Guidelines β Gold Loan LTV Capped at 75%
RBI’s draft gold loan guidelines cap the Loan-to-Value (LTV) ratio at 75% β down from the pandemic-era 80%. Borrowers must provide proof of gold ownership. The move reduces systemic risk in India’s growing βΉ7 lakh crore+ gold loan market dominated by NBFCs like Muthoot Finance and Manappuram Finance.
Capital Markets
SEBI Bars IndusInd Bank CEO for Insider Trading (UPSI)
SEBI barred former IndusInd Bank CEO Sumant Kathpalia and 4 senior officials (May 28, 2025) for insider trading β trading on Unpublished Price-Sensitive Information (UPSI). Violates SEBI (Prohibition of Insider Trading) Regulations, 2015. IndusInd Bank had earlier disclosed accounting irregularities in its derivatives portfolio, triggering a sharp stock decline.
Technology
Google I/O 2025 β ‘AI Matryoshka’ Strategy & Ironwood TPUs
Google unveiled its ‘AI Matryoshka’ strategy at Google I/O 2025 β inspired by Russian nesting dolls, placing Gemini 2.5 at the core. Key components: Ironwood TPUs (5 exaFLOPS), generative models Imagen 4 (images), Veo 3 (video), and Lyria 2 (music). Represents Google’s most comprehensive AI-first product restructuring to date.
Sports
India to Host 2026 Asian Weightlifting Championships β Ahmedabad
India will host the 2026 Asian Weightlifting Championships (April 1β10) in Ahmedabad β first time hosting since 1982 (New Delhi), a 44-year gap. Organised by IWLF (Indian Weightlifting Federation). First edition under IWF’s revised weight categories. Significant for India’s preparations for 2026 Asian Games.
Energy & Economy
India Coal Imports Fall 7.9% in FY25 β USD 7.93 Billion Saved
India’s coal imports fell 7.9% to 243.62 MT in FY25 (from 264.53 MT in FY24), saving ~USD 7.93 billion (βΉ60,681.67 crore) in forex. Domestic coal output grew 5% in FY25. Key driver: Coal India Limited’s record production. Advances India’s energy self-sufficiency and reduces import dependence.
International & Peacekeeping
UN Peacekeepers Day (May 29) β UNTSO 1948, India 4th Largest Contributor
May 29 = International Day of UN Peacekeepers. First UN mission: UNTSO (United Nations Truce Supervision Organization) in Palestine, 1948. IMC 2025 theme: ‘The Future of the Peacekeeping’. India is the 4th largest contributor of uniformed personnel with 5,300+ peacekeepers deployed globally across multiple missions.