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The Latest Breaking News from India

Sugar Prices Tumble as Crude Oil Plunges

July NY world sugar #11 (SBN26 ) today is down -0.15 (-1.06%), and Aug London ICE white sugar #5 (SWQ26 ) is down -2.10 (-0.47%). Sugar prices fell sharply to 1-week lows today amid weakness in crude oil prices. WTI crude oil (CLN26 ) is down more than -5% at...

Barchart

Forbes 30 Under 30 Asia entrepreneur denied US visa despite building company with 100+ employees

An Indian entrepreneur, Swapnil Srivastav, was denied a US tourist visa despite building a successful venture-backed startup employing over 100 people. Officials cited insufficient ties to India, a common hurdle for founders. Srivastav, who co-founded a bamboo kidswear brand, expressed surprise, highlighting his deep involvement and family connections. The experience…

The Economic Times

Jio BlackRock prepares ETF debut by August after building $2 billion India fund base

Jio BlackRock is set to launch its first Indian ETFs by August, aiming to mirror BlackRock's global success in passive investing. The joint venture, already managing $1.9 billion in assets, plans to initially focus on equity strategies. This move seeks to tap into India's growing, albeit nascent, ETF market, with…

The Economic Times

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Elon Musk's Starlink India launch hits security roadblock ahead of SpaceX IPO

India has halted approvals for Elon Musk's Starlink internet service. Security agencies are concerned about Starlink terminals being used in the Iran war. This delay impacts SpaceX's IPO valuation. India's broadband market remains out of reach for Starlink for now. Domestic operators also face scrutiny. India seeks assurances on security…

The Economic Times

India trusted partner in quantum computing, supply chains: US official

India is a trusted partner for the US in key technology areas like quantum computing and supply chains. US Under Secretary of State Sarah Rogers highlighted this during her visit to the region. She noted productive collaboration between American and Indian companies. The TRUST initiative is a significant deliverable advancing…

The Economic Times

India eyes more FDI, speed up divestment, asset monetisation as economy faces external risks

India's government is set to accelerate reforms, focusing on attracting foreign investment and divesting assets. This strategy aims to maintain economic growth despite rising fuel and fertilizer import costs. Domestic consumption remains strong, providing a buffer against external challenges. The government is also working to deepen capital markets and attract…

The Economic Times

Nithya Raman: Who is the India-born council member challenging Karen Bass for Los Angeles mayor?

Nithya Raman will face incumbent Mayor Karen Bass in the Los Angeles mayoral runoff. The contest features two Democrats. Voters are focused on homelessness and housing affordability. Raman's candidacy signals a potential shift leftward. She previously endorsed Bass but launched her own campaign. Her policy stances on homelessness and policing…

The Economic Times

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AI world vastly different from IT Act era, believe new law is needed: Union minister Vaishnaw

India's IT Minister Ashwini Vaishnaw believes a new law is needed for Artificial Intelligence. The current IT Act, enacted in 2000, predates AI's rapid growth. Discussions are underway with the industry to balance innovation and regulation. India is also tightening rules on AI-generated content and deepfakes to ensure citizen safety.

The Economic Times

PM Modi gets wishes from world leaders on becoming India's longest-serving elected prime minister

Prime Minister Narendra Modi becomes India's longest-serving elected leader. World leaders are sending congratulations. They praise his governance and vision for India. Sri Lanka's President, Papua New Guinea's Prime Minister, and Trinidad and Tobago's Prime Minister have all extended their best wishes. They acknowledge India's progress under his leadership. This…

The Economic Times

RBI measures likely to attract USD 55-65 billion inflows in FY27: SBI report

India anticipates USD 55-65 billion in foreign inflows this fiscal year. The Reserve Bank of India's recent measures aim to stabilize the rupee and boost the country's balance of payments. These initiatives are expected to attract more foreign capital and deepen the domestic debt market. The overall balance of payments…

The Economic Times

'If America won't get Indian brains...': Former Meta executive and founder warns US on H1B visa, says jobs would go to Bangalore anyway

A federal court struck down a $100,000 H-1B visa fee. Former Meta engineer Zach Wilson praised this, highlighting the talent pool in India. He noted past difficulties for Indian students seeking US jobs due to immigration policies. Wilson's views sparked debate, with some arguing for prioritizing American graduates. He countered…

The Economic Times

Centre hands approval letters to 3 foreign universities for India campuses

India is welcoming top universities from the UK and Australia to set up campuses. The University of Bristol and University of York will open in Mumbai. The University of New South Wales will establish its campus in Bengaluru. This move supports India's goal to become a global education hub.

The Economic Times

NSE to route 10% of CSR spending through Social Stock Exchange after regulatory green light

NSE will channel 10% of its annual CSR corpus through the Social Stock Exchange, becoming an early institutional adopter of the platform. The move follows regulatory changes permitting CSR spending via SSE-listed instruments and aims to boost transparency, accountability and funding for social impact projects.

The Economic Times

India's exports rising steadily due to policy push, reforms, official says

India's exports are seeing steady growth. Supportive government policies and improved infrastructure are key drivers. The nation aims for global leadership in textiles and apparel. Initiatives like PLI schemes and Mega Textile Parks are strengthening the value chain. Jaipur is a major apparel export hub for Rajasthan. Exporters are blending…

The Economic Times

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The Economic Times

CRISIL's Dharmakirti Joshi gives India a 7 out of 10 on growth durability; says private capex has the money but not the will

India's economic growth remains strong and durable. Corporate India possesses robust financial health but lacks the confidence to invest. New-economy sectors are attracting private capital due to clear demand. Energy prices are the single most important indicator to monitor for the economy's future performance. This outlook suggests continued economic progress.

The Economic Times

Electric passenger vehicle retail sales jump 81.2% to 26,682 units in May: FADA

Electric vehicle sales in India saw a significant surge in May. Passenger vehicle retail sales jumped 81.2 percent. Tata Motors led the electric car market. Electric two-wheeler sales also climbed by 62.76 percent. TVS Motor Company topped the electric scooter segment. Overall electric vehicle adoption continues to grow across segments.

The Times of India

Indian students asked 'how do I get a data engineering job in the US': Tech founder says $100K H-1B visa fee made the answer depressing

A former Meta techie, founder Zach Wilson, said he felt proud to be an American after a federal court struck down the $100,000 fee imposed by the Donald Trump administration on the import of H-1B visa holders. Wilson said it was depressing the last six months when his Indian students…

The Economic Times

Majority of Indian firms face persistent external disruptions: Report

Indian businesses face talent challenges due to external disruptions. Climate shocks, infrastructure issues, and health outbreaks are affecting hiring and retention. Nearly half of companies report these impacts. This trend is shifting workforce dynamics, with younger professionals prioritising quality of life in smaller cities. Organisations must adapt to build resilience…

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The Economic Times

"Don't buy the consumption story blindly", Sakshi Gupta of HDFC Bank issues a warning most investors are ignoring

HDFC Bank's Sakshi Gupta sees India's growth as resilient but incomplete, rating it a 6 out of 10. While acknowledging strong GDP, she cautions against blindly buying the consumption narrative, deeming it fragile. Gupta highlights the need for structural reforms to boost private investment and suggests foreign capital may return…

The Economic Times

India-crewed tanker hit near Iran, MEA says communication between ship & US Navy preceded strike

The US military fired on a tanker carrying 24 Indian crew members. This happened as the US enforces a blockade of Iranian ports. India's Ministry of External Affairs confirmed communication occurred before the incident. The vessel was disabled off Oman. Indian nationals were safely rescued with Omani assistance. The tanker…

The Economic Times

Global tech major Salesforce to skill one million learners with AI-focused skills by 2030

Global tech firm Salesforce will train one million Indians in AI skills by 2030. This initiative, launched in Hyderabad, will use government programs, virtual internships, academic centers, and partner networks. The company aims to prepare India's workforce for the future of artificial intelligence. This commitment marks a significant step in…

The Economic Times

We want to foster peace, stability for people of Afghanistan: MEA reaffirms India's commitment to Afghan development

India continues its strong support for Afghanistan, reaffirms MEA. The nation is focused on peace, stability, and development. This includes ongoing humanitarian assistance and development cooperation. India provides food security, healthcare, and educational opportunities. These initiatives benefit all Afghan citizens, including women and children. India urges global community to hold…

The Economic Times

Nepal govt restricts imports of mangoes from India

Nepal has banned Indian mango imports citing pesticide levels and inadequate border quarantine. This move boosts local farmers who now face no competition. However, domestic production might not meet the country's demand. Traders warn of shortages and price hikes. They suggest improved testing instead of a complete ban. Similar issues…

Newslaundry

Hafta letters: Questions for PM, 2029 elections, digital media’s reach

Vijay

The Times of India

Indian founder Swapnil Srivastav gets rejected for US visa for 'not enough ties to home country'

Indian entrepreneur Swapnil Srivastav, a co-founder of a bamboo-based kids' wear brand, shared the experience of getting his US visa for tourism purposes, getting rejected over inadequate ties to India. "I built a Series A company from scratch, employ 100+ people, have backing from top VCs and investors, and serve…

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