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The Latest Breaking News from India

General Dhiraj Seth assumes charge as 31st Army Chief, gives 'VIJAY' mantra

Assuming charge as the 31st Chief of Army Staff, General Dhiraj Seth on Wednesday pledged to modernise the Indian Army into a technology-driven, future-ready force and outlined his strategic vision under the acronym "VIJAY," emphasising vigilance, innovation, jointness, self-reliance, and prioritising soldiers.

The Economic Times

When research money is scarce, should it fund cow urine papers?

Cow urine can fight off the Chikungunya virus.

Newslaundry

UPI transactions moderate to Rs 28.9 lakh crore in June, up 20% YoY

Unified Payments Interface (UPI) transactions saw a slight dip in June, reaching Rs 28.9 lakh crore, down from May's record high. Despite this, the daily average transaction volume hit an all-time peak, highlighting UPI's dominance in everyday digital payments. This growth underscores India's expanding digital payment ecosystem and increasing user…

The Economic Times

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India's June power consumption rises 11.6% on heatwave, delayed monsoon

India's power consumption surged by 11.62% in June, reaching 166.46 billion units, driven by a severe heatwave and delayed monsoon. This pushed demand for cooling appliances, leading to a jump in peak power demand to 264.76 GW. Experts anticipate steady demand in July despite a projected rainfall deficit, following record-breaking…

The Economic Times

Meet the 19-Year-Old Who Left IIT to Join Microsoft: "Don't Wait for a Degree, Just Build"

Every year, countless stories emerge of students devastated after failing to secure admission to India's premier institutions like IITs and IIMs. In a country where degrees from elite colleges are often viewed as the ultimate benchmark of success, many spend years preparing for these competitive exams, making admission their biggest…

Whats Hot

Coal India production drops 7.5 pc in Q1

Coal India Limited (CIL) reported a 7.5% dip in production to 169.6 million tonnes during the first quarter of the current fiscal year, despite soaring power sector demand. While some subsidiaries saw declines, overall sales increased by 7.5% in June and 3.5% for the quarter. This comes as India gears…

The Economic Times

Sunil Bharti Mittal hopeful of India-US trade deal in coming weeks

Bharti Enterprises Chairman Sunil Bharti Mittal expressed strong optimism for an India-US trade agreement within weeks, highlighting its importance for industry. Speaking at the USISPF Leadership Summit, where he received an award, Mittal also emphasized the Indian diaspora's role in strengthening bilateral ties. The forum recognized Mittal, V. Prem Watsa,…

The Economic Times

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Nearly half of Indian households need electrical upgrades for EV charging: Report

A significant portion of Indian homes need electrical upgrades to safely charge electric vehicles, a new study reveals. This infrastructure gap could hinder the government's ambitious EV adoption goals, despite policies phasing out petrol and diesel vehicles. The research highlights overlooked challenges in residential charging, from inadequate wiring to parking…

The Economic Times

Stitching the Value Chain: How PM MITRA parks are rewriting India's textile destiny

India's textile sector, a vital economic pillar, is undergoing a transformative shift with the PM MITRA scheme. This initiative aims to overcome historical fragmentation by creating integrated textile parks, fostering a 'Farm to Foreign' value chain. The scheme is poised to boost exports, create millions of jobs, and enhance global…

The Economic Times

EPF Scheme 2026: Your provident fund is getting simpler, smarter and more digital

India's provident fund system has undergone a significant overhaul with the introduction of the Employees' Provident Fund Scheme, 2026, replacing the 1952 version. This modernization prioritizes digital compliance and simplified processes, aligning with new labor codes. Key changes include easier partial withdrawals for members and enhanced governance for employers, aiming…

The Economic Times

Finance Minister Sitharaman embarks on 4-day official visit to France to bolster economic ties

Finance Minister Nirmala Sitharaman is on a four-day visit to France to bolster the India-France Strategic Partnership and economic ties. A key focus is the Economic and Financial Dialogue, co-chaired with her French counterpart, to explore avenues for enhanced bilateral cooperation and investment.

The Economic Times

Lower crude, easing FII selling brighten market outlook; large-cap financials offer better value: Kunal Vora

Indian equities are poised for a brighter outlook as crude oil prices retreat, corporate earnings show resilience, and foreign investor selling pressure eases. While near-term results may reflect temporary disruptions, the market's underlying strength is improving. Domestic flows are expected to sustain market momentum, with private banks, consumption, and telecom…

The Economic Times

Air Marshal Ashutosh Dixit takes charge as new Vice Chief of Indian Air Force

Air Marshal Ashutosh Dixit has assumed the role of Vice Chief of the Air Staff, succeeding Air Marshal Nagesh Kapoor. A distinguished officer with extensive experience, including a pivotal role in Operation Sindoor, Air Marshal Dixit previously served as Chief of Integrated Defence Staff. His tenure at HQ IDS was…

The Economic Times

Accel, Nikhil Kamath-backed Sarla Aviation completes flight test campaign of demo e-aircraft

Bengaluru-based Sarla Aviation, backed by Nikhil Kamath, has successfully completed flight tests for its electric aircraft technology demonstrator, Sylla. This milestone precedes the planned 2028 launch of their full air taxi, Shunya. Sylla 1.0 validated key engineering objectives, including vertical take-off and hover capabilities, marking a significant step for India's…

The Economic Times

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The Independent UK

I came back from India with a metre-long tapeworm and 38 brain parasites – doctors didn’t know what to do

Lowri Denman, 42, battled a decade of seizures, psychosis and uncertainty about her future

The Economic Times

India's economic plot twist comes with one villain stepping aside, another waiting

India's economic outlook has improved as falling crude oil prices ease inflation, strengthen the balance of payments and prompt economists to raise GDP growth forecasts. But the optimism comes with fresh risks, including an uneven monsoon, food inflation, geopolitical tensions in West Asia and uncertainty over global commodity prices, making…

The Economic Times

Kerala Cricket Association revokes Sreesanth's ban

Former India cricketer S Sreesanth's three-year ban by the Kerala Cricket Association has been lifted. The decision came after Sreesanth submitted an unconditional apology for remarks that had brought disrepute to the association. This revocation allows him to continue as co-owner of the Aries Kollam Sailors franchise in the Kerala…

The Economic Times

Homegrown AlphaGrep takes on Jio BlackRock with India Algo Funds

Over the next 18 months, AlphaGrep Investment Management Pvt plans to unveil about half a dozen mutual funds, Chief Executive Officer Bhautik Ambani told a press conference Tuesday. On July 6, it will launch the first fund, a dynamically managed multi-asset fund investing across equities, fixed income and commodities.

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The Economic Times

India's biggest long-term challenge is creating productive jobs, harnessing demographic dividend: BofA's Rahul Bajoria

India's primary long-term hurdle is generating enough productive jobs to harness its demographic advantage, according to Bank of America's Rahul Bajoria. He highlighted underemployment as a significant concern, urging a collaborative, decade-long effort from government, private sector, and households. Bajoria also noted that while AI presents challenges, proactive responses can…

The Economic Times

India's June crude imports hit record high as Russian supplies surge despite West Asia tensions

India's crude oil imports hit a record 4.93 million barrels per day in June, bolstered by substantial purchases from Russia, which solidified its role as the top supplier. This surge underscores India's robust supply chain resilience amidst global geopolitical tensions. Analysts highlight proactive diversification and procurement strategies as key to…

The Economic Times

IT growth vectors "clearly missing"; EV capex pullback hits ER&D players: Mayuresh Joshi

India's IT and ER&D sectors are navigating a structural slowdown, with EV capex cuts impacting companies like KPIT. Near-term macro risks, including geopolitical tensions and inflation, cloud the outlook. Metals face price pressure from increased supply, though low inventories offer future potential. Kotak's Standard Chartered deal appears fairly priced, but…

The Economic Times

'You don't need a degree': He got into IIT Delhi, then walked away from it for Microsoft. This 19-year-old's career move is going viral

A 19-year-old has bypassed IIT Delhi's prestigious academic path for a software engineering role at Microsoft. Ashish Kumar Verma, already a Google Developer Expert, believes practical building and output are paramount in tech, not just degrees. His decision highlights a growing trend among India's Gen-Z, prioritizing real-world experience and direct…

The Economic Times

Could've stayed as janitor but...: Man once told his 'thick Indian accent' would never get him a job is now CEO in US

A viral clip highlights Sharran Srivatsaa's inspiring journey from a US janitor to a successful entrepreneur. Facing initial rejection due to his accent, Srivatsaa taught himself to speak fluently by listening to Tony Robbins tapes while working. His story, confirmed by Srivatsaa himself, emphasizes perseverance and proves that one's starting…

The Economic Times

NPCI partners with HSBC India & JP Morgan Payments to enable real-time FX settlement for international UPI payments

India's UPI is set for a global upgrade! The National Payments Corporation of India (NPCI) has partnered with HSBC India and J.P. Morgan Payments to enable real-time foreign exchange conversion and faster settlement for international UPI transactions. This move promises Indians traveling abroad more transparent pricing and quicker payments, enhancing…

The Economic Times

England feels like home away from home, says MCC life member Cheteshwar Pujara

Cheteshwar Pujara, recently awarded MCC life membership, revealed England feels like home despite his stellar Australian record. He cherishes his time playing county cricket and the unique aura of Lord's, even without a Test century there for India. Pujara found batting at Lord's challenging due to the pitch and slope…

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