Introduction
This Top Current Affairs July 26 2025 roundup brings you the most compelling national and international stories of the day. From steep drops in bank profits and foreign trade shifts to corporate governance challenges and sporting resilience—these 10 updates offer a sharp lens on economic health, regulatory scrutiny, and India’s growing global footprint amid geopolitical and environmental dynamics.
National Affairs – Current Affairs July 26 2025
1. Kotak Mahindra Bank Q1 Profits Drop Sharply
Category: National / Economy
Summary: Kotak Mahindra Bank posted a 47.5% YoY decline in standalone quarterly profit to ₹32.8 billion (~$379M), blamed on higher provisioning for bad loans and squeezed margins.
Key Points:
- Gross NPA ratio rose to 1.48% from 1.39%
- Net interest margin declined to 4.65%
🌐 International News – Current Affairs July 26 2025
2. Elon Musk Orders Shutdown of Starlink Terminals in Ukraine
Category: International / Tech & Conflict
Summary: Elon Musk reportedly ordered deactivation of approximately 100 Starlink satellite terminals in Ukraine during a counter-offensive, impacting connectivity in Russian-controlled areas.
Key Points:
- Terminals disabled during critical military operations
- Sparked debate over corporate influence in wartime connectivity
🏛 Politics & Governance – Current Affairs July 26 2025
3. India Affirms It Didn’t Bow to U.S. Pressure in Pakistan Ceasefire
Category: Governance / Defence Diplomacy
Summary: Defence Minister Rajnath Singh rejected U.S. claims that India halted operations under pressure, insisting military objectives were met independently following the Pahalgam attack.
Key Points:
- India emphasised strategic autonomy
- Reasserted stance of military success over external influence
💼 Economy & Business – Current Affairs July 26 2025
4. IMF Raises India’s 2025–26 Growth Projection to 6.4%
Category: Economy / Global Outlook
Summary: The IMF slightly upgraded India’s projected growth to 6.4% in both FY 2025 and 2026, citing improved global conditions and resilient domestic fundamentals.
Key Points:
- Up from previous 6.2% forecast in April
- Emphasises robust investment climate
5. India Seeks Avoid U.S. Trade Tariffs, Eyes Broader Deal
Category: Economy / Trade Diplomacy
Summary: With the U.S. poised to impose 20–25% tariffs by August 1, India is prioritising a broader bilateral trade agreement rather than ad hoc concessions.
Key Points:
- Five negotiation rounds completed
- Strategic aim: comprehensive deal by September
6. Rupee and Bond Markets Under Pressure From Foreign Outflows
Category: Economy / Markets
Summary: The Indian rupee weakened and bond yields hovered near 6.3–6.4% amid continued foreign equity and bond sell-offs and uncertainty over Fed policy.
Key Points:
- Rupee traded around ₹86.5/USD
- Foreign outflows totaled ~$500M in Q1
🔬 Science & Technology / Environment
(No major science/environment stories captured for July 26.)
⚽ Sports & Culture – Current Affairs July 26 2025
7. Gill and Rahul Stabilize India on Day Four in Manchester Test
Category: Sports / Cricket
Summary: India’s Shubman Gill and KL Rahul put on a resolute batting display to ease pressure during the fourth Test in Manchester, closing Day 4 at 174/2 after early setbacks.
Key Points:
- Partnership resisted Ben Stokes-led England attack
- India trailed by 137 at close of play
🧭 Conclusion
Today’s Current Affairs July 26 2025 highlight India’s financial stress amid regulatory and credit challenges, strategic maneuvers in global diplomacy and trade, and resilience both on the cricket pitch and in economic policy frameworks. Key themes include macroeconomic vigilance, corporate accountability, and India’s evolving stance in global trade and security dynamics.
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