India’s private sector activity expanded at a slower pace in June, as demand for goods and services softened and companies added fewer jobs, according to the HSBC Flash India PMI released on Tuesday.

The HSBC Flash India Composite PMI Output Index fell to a preliminary reading of 57.4 in June from 59.3 in May. While the reading continued to signal a sharp expansion in overall output, it was the weakest since March.

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Oracle Corp. reduced its workforce by 21,000 employees in the past 12 months, a wider scale than previously known, including those whose jobs were eliminated by the use of AI.

The company’s global headcount shrank to 141,000 full-time employees as of the May 31 end of the fiscal year, compared with 162,000 a year earlier.

Two Republican senators flagged histories of Qatar and Pakistan of "harbouring terrorists" against the backdrop of US Vice President J D Vance's remarks professing "love" for Islamabad.

The India-Japan annual summit originally scheduled for July 1-3 in Guwahati has been cancelled due to logistical issues.

The event, hosted by PM Modi for Japanese Prime Minister Sanae Takaichi, is now expected to take place in New Delhi on the same dates.

Ahead of USTR Jamieson Greer’s visit, Indian negotiators must navigate an uncertain US tariff landscape and push for a strategic baseline rate in the final trade deal to protect the comparative advantage of Indian exports.

The IMD on Tuesday declared the onset of the southwest monsoon over Mumbai, ending a nearly two-week pause in its advance over western India.

This comes as a relief after an unusually dry June that had raised concerns over reservoir levels and water availability in the financial capital.