Daily Current Affairs for CAT, XAT & MBA GDPI – June 13, 2026
Indian Economy & Policy
Retail inflation edges up to 3.9% in May
Economists expect price pressures to intensify further in June, driven by the continued pass-through of earlier increases in transport and cooking fuel costs amid continued supply disruptions due to the West Asia conflict.
Weak monsoon may drag agri GDP into contraction
Indian agriculture is at a crossroads, facing significant hurdles in the coming years. Analysts project little to no growth for agricultural GDP in 2026-27, compounded by El Nino fears pushing farmers to adopt less water-reliant crops. While this could alleviate water scarcity, it risks diminishing farm income and curtailing rural consumer activity.
Geopolitics (India Focus)
Musk becomes world's first trillionaire as SpaceX shares jump
The blockbuster operation, which raised more than $75 billion, is expected to kick off a series of major IPOs by AI companies in the coming months
Anthropic cuts access to AI models over U.S. ‘national security’ order
Just three days after publicly launching Fable 5, the company said in a blog post that it received a government directive banning all foreign nationals, even ones who work at Anthropic, from accessing Fable 5 and Mythos 5 over national security concerns
Indian Stock Market & IPOs
US stocks: SpaceX shares close 19% higher in historic market debut, value surges past $2 trillion
SpaceX's Nasdaq debut shattered expectations, soaring past $2 trillion and becoming the sixth-largest U.S. company. Investors, from institutions to retail fans, celebrated the record-breaking IPO, which raised $75 billion. Despite a reported loss last year, the company's ambitious vision and market opportunity captivated the market, with shares closing up 19%.
US stocks: US market ends up on Iran war peace deal hopes, SpaceX's historic debut
U.S. stocks climbed Friday, buoyed by hopes of a U.S.-Iran peace deal and the historic debut of SpaceX, which surged past its IPO price. Progress in peace talks eased inflation and interest rate concerns, while SpaceX's strong opening captivated investors despite its recent losses. Other space stocks saw a slight pullback.
Marketing, Brands & Consumer Trends

India's insurance for all vision depends on how we reform distribution
Recent regulatory shifts in commission structures and the experiences of international markets highlight the delicate balance needed to enhance accessibility while ensuring financial viability for agents, particularly in underserved regions.
SBI plans a major HR overhaul to address employee burnout
India's largest bank seeks to realign its HR strategy with generational shifts, rapid digital transformation, and growing expectations for inclusive, agile and purpose-driven workplaces.
Sports (Business & Governance)

Jaspal Rana – a giant of Indian shooting who leaves behind a legacy
In 1994, he won the World Championship junior gold, apart from two gold medals, one silver and a bronze in the Commonwealth Games and one gold and as many bronze in the Asian Games in Hiroshima