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Elon Musk blamed Indian 'oligarchs' over delay in his company Starlink's India entry. Musk was responding to an X user's claim that India "needs" Starlink as 11,256 of India's listed villages lacked 4G coverage as of May. "Unfortunately, we're being blocked by certain oligarchs in order to maintain monopolistic chokehold on Indian people...You can guess who they are," replied Musk.

The price of gold fell for the first time after rising for four days in a row in India, as per IBJA data. Gold settled at ₹1,47,767 per 10 grams on Wednesday, ₹706 lower than its closing price on Tuesday. The price of silver, which saw heightened volatility over the past week, also fell by ₹1,954 to ₹2,20,866 per kilogram.

Following RBI's rate hike, FD investors could benefit as banks are likely to raise interest rates. Short- and medium-duration debt funds are relatively better placed, as their lower duration limits the impact of rising yields. Rate-sensitive sectors could face increased margin pressure, while gold may lose some appeal as the rate hike increases the opportunity cost of holding the asset.

The 2026 Nobel Prize in Chemistry has been awarded to French chemist Henri B Kagan and Japanese chemist Kenso Soai. They have been awarded the prize "for the discovery of non-linear effects and autocatalysis in asymmetric organic synthesis". A prize money of 12 million Swedish kronor (over ₹11.5 crore) will be shared among the duo.

Indian mathematician Mahesh Kakde, a professor at IISc Bangalore, has been awarded 2026 Ramanujan Prize for Young Mathematicians from Developing Countries for his important contributions to algebraic number theory. The award recognises his fundamental results on noncommutative Iwasawa theory and his outstanding work on Gross-Stark and Brumer-Stark conjectures. Prize carries a $10,000 cash award.

JNU Professor Suneel Kateriya has direct connection to 2026 Nobel Prize in Physiology or Medicine, as he was PhD student of Nobel laureate Peter Hegemann. Kateriya helped identify DNA sequences in alga that led to discovery of light-sensitive proteins that became foundation of optogenetics. He co-authored landmark papers that are among foundational studies associated with Nobel-winning work.

RBI's decision to hike repo rate by 25 bps, its first hike in four years, is likely to push up EMIs for borrowers with floating-rate home loans. For a ₹50 lakh loan at 7.5% over 25 years, the EMI could increase by roughly ₹817. Meanwhile, those looking to invest in fixed deposits could get higher interest rates following the hike.

RBI Governor Sanjay Malhotra announced Monetary Policy Committee's (MPC) decision to hike repo rate for the first time in nearly four years. The rate rose by 0.25% to 5.50%, following decisions by other Asian central banks that have already begun tightening their monetary policy. MPC hiked standing deposit facility rate to 5.25% and marginal standing facility rate to 5.75%.

A Liberian-flagged tanker carrying 23 Indians was set on fire after a Ukrainian drone attack off Russia's Black Sea coast. A video captured thick black smoke billowing from the ship. Russian authorities said, "Crude oil is burning openly in the waters of the Black Sea." All personnel have been rescued from the fire, which was initially difficult to contain.

Eight-time Ballon d'Or winner Lionel Messi played his final match for Argentina against Benin in Buenos Aires. The 39-year-old made two assists before scoring a goal from a penalty in the 71st minute of his farewell match as Argentina beat Benin 3-0. Messi, who made his international debut in 2005, finished his international career with 126 goals in 208 appearances.