Monthly current affairs for July 2026

The State Bank of India (SBI) has divested a 1.42% equity stake in its asset management subsidiary, SBI Funds Management Ltd (SBIFM), for ₹1,655 crore.

The stake was sold to 30 institutional investors through a pre-Initial Public Offering (IPO) placement.

TPG Inc. has signed agreements to acquire a 100% stake in Aseem Infrastructure Finance Ltd (AIFL) from the National Investment and Infrastructure Fund (NIIF) and other shareholders.

The acquisition is being executed through TPG Rise Climate, the climate investing platform of TPG. The transaction is undertaken in partnership with the Government of Singapore Investment Corporation (GIC) and ICICI Bank Ltd. Upon completion, ICICI Bank will hold an equity stake of up to 5% in AIFL.

Bisleri International Pvt Ltd has signed a Letter of Association (LoA) with the Indian Coast Guard (ICG) (Kerala and Mahe) to promote plastic waste management.

The partnership is facilitated through the flagship initiative of Bisleri, 'Bottles for Change' (BFC), and aims to support environmental sustainability in coastal regions.

Australia is replacing its traditional paper arrival card system with a new digital declaration system.

The new "Travel Declaration" system allows eligible international travellers to submit Customs and biosecurity information online before arrival. This digital transition aims to reduce paperwork and expedite entry procedures for travellers.

PM Narendra Modi has visited Indonesia at the invitation of President Prabowo Subianto to strengthen bilateral ties and strategic cooperation between the two nations.

He became the first Indian PM to address the Indonesian Parliament in Jakarta, where he unveiled the 'Ganga-Mahakam Vision' to foster a long-term strategic partnership. During the visit, he was conferred with the 'Bintang Adipurna of the Republic of Indonesia,' the highest civilian honour of the country.

PM Modi visited the Prambanan Temple and inaugurated its restoration project, which is proposed to be led by the Archaeological Survey of India (ASI). India has agreed to establish a branch campus of the Indian Institute of Management (IIM) Bangalore in Jakarta. The visit resulted in 20 key outcomes, including the signing of 14 MoUs and agreements.

The 8th Defence Policy Dialogue between India and Japan was held in Tokyo, Japan. The Indian delegation was led by Defence Secretary Rajesh Kumar Singh.

Both countries reviewed the progress in bilateral defence cooperation and reaffirmed their commitment to strengthening the India-Japan Special Strategic and Global Partnership.

INS Sudarshini, an indigenous three-masted sail training barque of the Indian Navy (IN), has represented India at the 'Sail4th 250' and the 'United States International Naval Review 250' celebrations held in New York Harbour.

The festival was organised to commemorate the 250th anniversary of the independence of the United States.

The Competition Commission of India (CCI) has imposed a penalty of ₹126.87 crore on HP India and a combined fine of ₹1.22 crore on 5 of its resellers for operating a cartel in the sale and supply of personal system products like laptops, desktops, and accessories.

Jannik Sinner of Italy won the men's singles title of the 2026 Wimbledon Championships by defeating Alexander Zverev of Germany.

Linda Noskova of the Czech Republic won the women's singles title after defeating Karolina Muchova of the Czech Republic in the final.

In the doubles categories, the pair of Guo Hanyu (China) and Kristina Mladenovic (France) won the women's doubles title. Harri Heliovaara (Finland) and Henry Patten (UK) successfully defended their men's doubles title. Marcelo Arevalo (El Salvador) and Jelena Ostapenko (Latvia) emerged victorious in the mixed doubles event.

The Union Cabinet has approved 'Semicon 2.0' with a total outlay of ₹1.27 lakh crore to holistically develop the semiconductor design and manufacturing ecosystem in India.

The scheme is structured around 6 key pillars: Design, Machines and materials, setting up more fabs, strengthening the Assembly, Testing, Marking, and Packaging (ATMP) and Outsourced Semiconductor Assembly and Test (OSAT) industry, Research & Development (R&D), and Talent development.

To date, the government has approved 12 semiconductor manufacturing units with a cumulative investment of over ₹1.64 lakh crore. Additionally, 24 semiconductor design projects from start-ups and Micro, Small and Medium Enterprises (MSMEs) have been approved for financial support, and 105 entities have been granted access to industry-standard Electronic Design Automation (EDA) tools.

The Union Cabinet, chaired by PM Narendra Modi, has approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of Rs 62,500 crore. The scheme will be implemented over 5 years, from FY27 to FY31.

The MPMS aims to scale up production, deepen domestic value addition, strengthen supply chain resilience, and enhance global competitiveness in the mobile phone manufacturing sector. The scheme offers incentive support on eligible sales for manufacturing mobile phones in India at rates ranging from 2.25% to 5%.

Additional incentives include up to 1.5% for domestic sourcing of key components or sub-assemblies, and an extra 3% for product design and Research and Development (R&D) to build Indian brands. Cumulative mobile phone production in India is expected to reach Rs 39 lakh crore during the scheme's tenure, alongside a projected increase in exports.

The Department of Posts (DoP) have signed an MoU with the Telecom Regulatory Authority of India (TRAI) in to conduct the largest village-level telecom network performance survey in India.

The one-year initiative aims to assess the network performance of major telecom operators including Bharti Airtel, Reliance Jio, Vodafone Idea (Vi), and Bharat Sanchar Nigam Ltd (BSNL). The survey will cover over 5.68 lakh villages across the country using an Android-based mobile application developed by TRAI.

The National Council for Vocational Education and Training (NCVET) under the Ministry of Skill Development and Entrepreneurship (MSDE) has signed a Letter of Intent (LoI) with the Australian Skills Quality Authority (ASQA) to strengthen bilateral cooperation in the regulation and quality assurance of Technical and Vocational Education and Training (TVET).

The National Medicinal Plants Board (NMPB) under the Ministry of Ayush has signed an MoU with the University of Delhi, through the Bhaskaracharya College of Applied Sciences (BCAS).

The collaboration aims to promote the sustainable utilization and conservation of medicinal plant resources in India.

The Digital India BHASHINI Division (DIBD) has signed an MoU with the Punjab National Bank (PNB) to collaborate on advancing multilingual AI solutions.

The partnership aims to enhance inclusive banking and citizen-centric financial services through the 'BHASHINI for Seva/Sanchalan' initiative.

UK-based Aviva Plc has acquired the remaining 26% stake in Aviva Life Insurance Company India Ltd (Aviva India) from its Joint Venture (JV) partner, Dabur Invest Corp. (DIC).

With this, Aviva Plc has become the first foreign insurer to fully own its life insurance business in India.

The Government of India (GoI) has approved a Joint Venture (JV) between Dixon Technologies (India) Ltd and Vivo Mobile India Ltd (VMI) for the manufacturing of electronic devices and smartphones in India.

Dixon Technologies will hold a 51% stake, while Vivo Mobile India will hold the remaining 49% stake. The entity will be established with an initial paid-up capital of ₹5 crore, contributed by both entities in proportion to their shareholdings.

Instamart, a quick commerce platform, has partnered with Hindustan Petroleum Corporation Ltd (HPCL) to launch an on-demand Liquid Petroleum Gas (LPG) cylinder delivery service.

This marks the debut of the next-generation 10 kg composite LPG cylinder named 'HP Navya' from HPCL on the platform. Initially available in Bengaluru, the 'HP Navya' cylinder is designed to be lighter and corrosion-resistant.

The Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) in Hyderabad has developed India's first indigenous process technology for Hydrofluoroolefin-1234yf (HFO-1234yf).

This technology, now ready for industry transfer, is designed to replace Hydrofluorocarbons (HFCs) in refrigeration and air-conditioning (AC) systems.

Assam Finance Minister Jayanta Malla Baruah has presented the State Budget for the FY27 in the Assam Legislative Assembly in Dispur. The budget has a total outlay of ₹2.85 lakh crore.