Indian government

Hundreds of Muslims have gathered in the Indian city of Ujjain to protest the partial demolition of a mosque they say is more than 600 years old. The BJP-led state government defends the action, saying it is needed to widen roads ahead of a major Hindu pilgrimage expected in 2028. Protesters argue the demolition targets a historic religious site, and the dispute has drawn national attention to tensions over religious heritage and development in the region.

The Reserve Bank of India has completed net sales of government debt totalling 1 trillion rupees, the first time it has reached that figure in a decade. The scale of the central bank's selling marks a notable shift in management of India's bond market and liquidity, drawing attention from investors tracking the country's debt markets and interest rate outlook.

Indian policymakers are weighing their position on Sheikh Hasina, the former Bangladeshi prime minister who was ousted from power and has taken refuge in India. New Delhi must balance its long-standing ties with Hasina against relations with Bangladesh’s interim government, as her continued presence in the country complicates diplomatic relations between the two neighbours.

Coal inventories at Indian power plants have fallen to a three-year low as generators increase coal-fired output to compensate for weak hydroelectric generation. The government has ordered all captive coal plants above 50 megawatts to run at full capacity in an effort to head off a possible power shortage, raising concerns about grid reliability during periods of high electricity demand.

Tata Trusts has put forward a plan to restructure Tata Sons in an effort to prevent the conglomerate from being forced to list on Indian stock markets, a push driven by the Reserve Bank of India. The central bank's rules on finance companies have pressed Tata Sons toward a public listing, and the proposal marks a significant intervention by the charitable trusts that control the group.