Daily Current Affairs – June 11, 2026

India has rejected US claims of excess capacity in its textile and steel sectors. Officials state per capita consumption of these products is very low. India is a net importer of manmade fibres. Trade remedies are vital for fair practices and domestic manufacturing. Many trade defence probes are ongoing.

India and the UAE are boosting energy security. Plans are underway to significantly expand India's strategic oil reserves with UAE-linked crude storage. New facilities will increase capacity from 5.8 million barrels to 30 million barrels. Both nations are also establishing a framework for strategic gas reserves. This initiative aims to provide greater flexibility and ensure stable energy supplies for India.

The alliance’s future depends on defending federalism and democracy

The IAF is procuring 56 C-295 transport aircraft at a cost of around ₹21,935 crore

India condemns attack, summons U.S. Embassy’s Deputy Chief of Mission Jason Meeks to lodge a “strong protest”

South Korea’s KOSPI has plunged 9% in two sessions after a strong 2026 rally, as AI-driven semiconductor stocks face profit booking. Rising U.S. inflation, geopolitical tensions in West Asia and leveraged ETF volatility have intensified the sell-off, raising concerns that the AI-led rally may have outpaced fundamentals.

After successfully reviving Sensex derivatives, BSE CEO Sundararaman Ramamurthy is now focused on shifting traders from weekly options to longer-dated contracts. Over the next three years, the exchange aims to boost participation in monthly and farther-expiry options, which it believes provide better hedging and help reduce market volatility during global shocks.

The Sebi-registered merchant banker has launched Category II AIF focused on structured credit for under-construction residential projects.

Large PSU financiers, including Hudco, NaBFID, PFC, REC and IRFC, are preparing to raise over $5 billion overseas after RBI unveiled a special hedging facility for dollar borrowings late last week. The move is expected to make foreign funding cheaper and kindle external commercial borrowings.

The Hindu gives you a preview of all 12 groups, with full squads and the schedules, in addition to how and where to watch the matches in India