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The Latest Breaking News from India

Lightspeed eyes new India fund, plans smaller corpus of $300–350 million amid AI focus

The venture capital firm, which was initially looking to raise as much as $500 million for its fifth India fund, has now cut the target size to around $300-350 million, the people said, requesting anonymity as the discussions are private.

The Economic Times

Companies fish for cyber cover as AI liability risks surface

Indian companies are turning to cyber insurance for protection against AI risks. Concerns about AI agents going rogue or chatbots providing incorrect information are driving this trend. Insurers are adapting their underwriting models to assess AI exposure. The global AI insurance market is projected for significant growth. This evolving landscape…

The Economic Times

90% of mature AI adopters cut BPO spends, says Z47-OpenAI report

The report, The India AI Edge: How India Uses AI, based on OpenAI’s India usage data and a survey of more than 100 CXOs, found that more than a third of mature adopters have cut outsourced work by over 25%. It also said that most additional AI spending is not…

The Economic Times

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India raises gold, silver import duty to 15% to curb imports, support rupee amid West Asia crisis

Gold, silver import duty hike: India has significantly raised customs duties on gold, silver, and platinum imports to 15% and 15.4%, respectively. This move aims to conserve foreign exchange reserves and stabilise the external account amidst the West Asia conflict and global economic uncertainty. The government seeks to moderate non-essential…

The Economic Times

'Indians hiring Indians': Former Google contractor says he was asked to train his replacement

A former Google contractor, Stephen Vivien, said it was mean, harsh and dehumanizing when he was asked to train his replacement and his whole team's jobs were sent to India, the Phillipines and Ireland. Vivien said this for an H-1B documentary for GB News, which interviewed US techies who lost…

The Times of India

Has Air India cancelled all international flights until July 2026? Here’s the truth behind the viral claim

Air India Flights: Rumors of Air India suspending all international flights until July 2026 are misleading. The airline has temporarily reduced services on select routes due to rising costs and geopolitical tensions, not a complete cancellation. Flights to major global destinations continue, though some long-haul sectors face reduced frequency.

The Economic Times

Who is LizLaz, the German influencer and singer who claimed she was offered money to speak against Virat Kohli?

German influencer LizLaz is in the news again. She alleges a journalist offered her money to make false claims about Virat Kohli. This is not the first time LizLaz has been linked to the Indian cricketer. Earlier this year, Kohli clarified an accidental 'like' on her Instagram photo.

The Economic Times

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Sugar Prices Push Higher Amid the Outlook for Tighter Supplies

July NY world sugar #11 (SBN26 ) on Tuesday closed up +0.10 (+0.67%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +4.40 (+1.02%). Sugar prices settled higher on Tuesday amid an outlook for tighter global supplies. StoneX on Tuesday predicted that the global sugar market will fall...

Barchart

Global turmoil tests India’s resilience; time for a strategic economic pivot

India faces economic challenges due to global events. Prime Minister Modi urges careful resource use. The nation must boost foreign investment and cut imports to strengthen its economy. Focus on energy transition and attracting capital will build resilience. Targeted strategies can secure export growth and long-term strength.

The Economic Times

Major ICE crackdown on 10,000 foreign students on OPT; 'fake companies' being operated from India

The Immigration and Customs Enforcement (ICE) announced a major crackdown on an immigration program that allows international students to work temporarily in the country. Calling the OPT program a 'magnet for fraud', ICE director Todd M Lyons said the agency uncovered irregularities involving nearly 10,000 foreign students participating in the…

The Times of India

India brings back COVID-era work-from-home rules and asks farmers to halve fertilizer use as the Iran war chokes its oil lifeline

India is particularly exposed to the Iran oil shock as 50% of its crude oil imports pass through the Strait of Hormuz.

Fortune

Southwest monsoon may set in over Andaman region by late this week: IMD

Favorable conditions are emerging for the southwest monsoon's arrival in the south Bay of Bengal and Andaman regions this week. The monsoon typically reaches the Andaman and Nicobar Islands around May 20. This year, India may experience below-normal rainfall, potentially due to El Nino conditions developing.

The Economic Times

Global turmoil is India’s 'wake-up call' to cut import dependence: Piyush Goyal

India's Commerce Minister Piyush Goyal urges domestic industry to embrace self-reliance amid global challenges. He calls for increased productivity and better use of trade agreements. The minister emphasizes reducing import dependence to bolster the economy. He also highlights the potential of electric vehicles and advanced technologies like AI for growth.…

The Economic Times

War on Iran about oil, not for wiping out civilisation: RSS General Secy Hosabale

The West Asia conflict is driven by oil, not civilization, according to RSS General Secretary Dattareya Hosabale. He believes India can influence leaders towards peace. Wars stem from greed or wicked minds. Hosabale also supported Prime Minister Narendra Modi's call for austerity, deeming it essential for India's well-being.

The Economic Times

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The Economic Times

China urges WTO to set up panel in case against India's support measures for solar, IT sectors

China has asked the World Trade Organization to form a panel. This is due to a dispute with India over support for solar cells, modules, and IT sectors. Bilateral talks failed to find a solution. China claims India's measures discriminate against its goods. This follows a similar request in January…

The Economic Times

There should always be window for dialogue with Pakistan, people-to-people contact key: RSS's Hosabale

Top RSS functionary Dattatreya Hosabale stated that people-to-people contact is crucial for resolving the deadlock with Pakistan, advocating for an open window for dialogue. He believes civil society, including academicians and sportspersons, should lead engagement as Pakistan's political and military leadership have lost India's confidence. Trade and visa issuance should…

The Economic Times

Vedanta chief Anil Agarwal backs PM's call to save forex, pitches for mining reforms

Vedanta Chairman Anil Agarwal urged swift mining reforms to boost domestic production of oil, gold, and other critical resources, aligning with Prime Minister Modi's call to conserve foreign exchange. Agarwal emphasized privatization and self-certification in clearances to unlock the potential of existing assets and reduce import dependency, citing Vedanta's success…

The Economic Times

Quote of the day by Mahatma Gandhi: 'Happiness is when what you think, what you say, and what you do are...' Life lessons on true happiness, human nature and peace by India's the father of the nation

Quote of the day by Mahatma Gandhi highlights harmony between thoughts, words, and actions. The message explains how true happiness connects inner beliefs with speech and behavior. The life and work of Mahatma Gandhi show how this idea shaped nonviolence, peace, and human values. This explainer covers Gandhi’s early life,…

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The Economic Times

Chinese Foreign Minister Wang Yi to skip meeting of BRICS FMs

In an intriguing development in global diplomacy, China's Foreign Minister Wang Yi will be absent from the upcoming BRICS Foreign Ministers' meeting in New Delhi, entrusting Ambassador Xi Feihong to represent the country. China's endorsement of India's presidency within BRICS underscores its commitment to multilateral cooperation.

Barchart

The Outlook for Tighter Global Sugar Supplies Boosts Prices

July NY world sugar #11 (SBN26 ) today is up +0.06 (+0.40%), and Aug London ICE white sugar #5 (SWQ26 ) is up +4.20 (+0.96%). Sugar prices are moving higher today on the outlook for tighter global supplies. StoneX predicts the global sugar market will fall into a -550,000 MT...

The Economic Times

US visa restrictions on owner of India-based pharmacy, 13 associates for fentanyl trafficking

The US has imposed visa restrictions on 13 individuals linked to an India-based online pharmacy, KS International Traders, and its owner for trafficking illicit fentanyl to Americans. This action follows previous sanctions against the company and its associates for supplying counterfeit fentanyl-laced pills that contributed to the US opioid crisis.

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Wednesday

Indian equity markets extended losses for a fourth straight session as broad-based selling in IT, banking, auto, and consumer stocks dragged benchmarks lower. Weak global cues, rising inflation data, and technical breakdowns deepened bearish sentiment, with analysts warning further downside toward key support levels.

The Economic Times

Planing 500 delegations, outreach to 1,600 industry chambers to boost FTA utilisation: Piyush Goyal

India is launching ambitious plans to boost its use of free trade agreements. The commerce ministry will send 500 delegations abroad and train 1,000 people. This initiative aims to help Indian businesses increase exports and attract investments. The government is committed to supporting industry growth and achieving export targets.

The Economic Times

When former PM Indira Gandhi donated her gold jewellery

An old photograph of Indira Gandhi donating her jewellery during the 1962 India-China war has resurfaced amid current debates on gold purchases. Responding to a national appeal for defence preparedness, Gandhi contributed approximately 367 grams of gold, becoming a symbol of sacrifice.

The Times of India

Indian engineer charged in US for Maryland bridge crash, six construction workers were killed in 2024

Two companies, one Indian and another from Singapore, and an Indian engineer have been charged with conspiring to defraud the US and causing the death of six construction workers in 2024. On March 26, 2024, a 900-ft container vessel, Dali, registered in Singapore, crashed into the bridge. 47-year-old Radhakrishnan Karthik…

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