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The Latest Breaking News from India

India's underperformance sets stage for recovery, says JM Financial's Deepak Gupta

Indian equities are showing signs of a potential rebound, with attractive valuations and improved currency stability, according to Deepak Gupta of JM Financial Asset Management. Sectors like manufacturing and healthcare are highlighted as promising, while caution is advised for oil & gas and IT services. Financials are seen in a…

The Economic Times

Weather Tomorrow July 1: IMD issues rain alert for Delhi, Uttar Pradesh, Bihar, Kerala, Himachal Pradesh and Uttarakhand; predicts thunderstorms across several states. Full forecast here

Weather Tomorrow: India braces for active weather as the monsoon advances north. Rain, thunderstorms, and gusty winds are forecast across multiple states, with yellow alerts issued for Delhi, Himachal Pradesh, and Kerala. Temperatures are expected to drop in northwest India, offering relief from the heat. Residents are urged to stay…

The Economic Times

India eyes open source, homegrown AI amid access curbs on frontier models

India is championing open-source and homegrown AI models to counter potential access restrictions on advanced frontier technologies. The IT Ministry official highlighted a two-pronged strategy: leveraging capable open-source alternatives and fostering indigenous development to achieve 60-80% of frontier model functionalities. The IndiaAI Mission supports 20 Indian AI models, aiming for…

The Economic Times

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Monthly average rainfall over India expected to be below normal in July: IMD

India faces a below-normal rainfall forecast for July, with the national average expected at 94% of the long-period average. This follows a significant 40% deficit in June, attributed to unfavorable weather patterns including El Nino and a lack of low-pressure systems. While most of the country anticipates less rain, some…

The Economic Times

Digital India to power India's growth story with AI, chips and DPI: MeitY

India is poised for a digital leap, with AI, semiconductors, and indigenous manufacturing set to drive economic growth. Building on a decade of digital progress, the nation is investing heavily in advanced technologies. From affordable mobile data and a world-leading digital payments system to significant strides in financial inclusion and…

The Economic Times

US-Iran thaw to provide tailwinds for growth: RBI

India's economic growth could get a boost from the Iran-US peace deal, according to the Reserve Bank's latest report. While the economy shows resilience, elevated commodity prices and a weaker global outlook pose risks. The central bank also flagged potential pressure on the fiscal deficit due to higher energy costs…

The Economic Times

Tata Comm to invest $152 million to boost India-Singapore digital corridor

Tata Communications is injecting $152 million into its subsea cable network, boosting India-Singapore connectivity by nearly 98 Tbps. This significant investment, funded internally, aims to fuel the growing demand for bandwidth and AI-driven data. The upgrades will enhance reliability and scalability for businesses, solidifying India's role as a digital hub.

The Economic Times

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Nearly 45% homes in India need electrical upgrades for safe EV charging: Report

A new report reveals that nearly half of Indian homes require electrical upgrades to safely charge electric vehicles. With EV adoption rising, many households currently use unsafe, informal charging methods, posing fire and equipment risks. The study, by Kazam and AEEE, emphasizes the need for adequate electrical load, dedicated circuits,…

The Economic Times

Dell is significantly expanding its domestic server manufacturing footprint in India

Dell Technologies continues to strengthen its manufacturing footprint in India, with significant local contribution across key Infrastructure Solutions Group products, including PowerEdge, PowerMax, PowerStore and Data Protection solutions. This supports the growing demand for AI-ready infrastructure, data sovereignty and enterprise modernization in India.

The Economic Times

Tata Sierra EV launched at Rs 18.79 lakh with QWD, fast charging, lifetime battery warranty and more

Tata Sierra EV launched: Tata Motors has launched the Sierra EV in India, bringing quad wheel drive, a triple-screen cabin, six terrain modes, and a 15-year high-voltage battery warranty to the premium electric SUV space. The vehicle also introduces several India-first features including in-car UPI payments, AirConsole gaming, and an…

The Economic Times

India remains fastest-growing major economy; reforms key to sustaining momentum: HUL Chairman

India's economy is leading global growth, driven by a young population, robust digital infrastructure, and supportive policies. HUL Chairman Nitin Paranjpe highlighted the nation's structural resilience amidst global challenges. He emphasised that continued reforms and investments are crucial for sustaining this momentum, with businesses needing to adapt to new definitions…

The Economic Times

India bonds up on oil slump, foreign inflows; 10-year yield posts biggest monthly fall in 7 years

In June, Indian government bonds underwent a remarkable rally, showcasing the largest monthly yield drop for the benchmark 10-year bond in seven years. This upward trend was driven by plunging oil prices and a notable rise in foreign investments, especially via the Fully Accessible Route. The Reserve Bank of India's…

The Economic Times

Two general insurance licences approved since 100% FDI move by govt: Irdai chairman Ajay Seth

India's insurance regulator has greenlit two proposals for 100% foreign ownership in general insurance firms, following the government's FDI liberalization. The much-anticipated BIMA Sugam platform, aiming for zero-commission policies, is slated for launch by September's end. Additionally, the Irdai is preparing distribution reforms to combat misselling and has established a…

The Economic Times

AI-enabled cyberattacks biggest near-term threat to financial system: RBI

AI-powered cyberattacks are India's top financial system risk, according to the RBI's latest report. Banks and NBFCs are most concerned about these sophisticated threats, though preparedness is uneven. Rising third-party tech dependence and geopolitical uncertainty also heighten vulnerabilities. While institutions are investing more in cybersecurity, employee awareness and forensic capabilities…

The Economic Times

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The Economic Times

RBI flags AI stock boom as financial stability risk, says Indian banks remain resilient

India's central bank has identified soaring AI stock valuations globally as a financial stability risk, warning of potential market spillovers. Despite this, the Reserve Bank of India asserts that India's banking system remains robust, well-capitalised, and resilient to external shocks. Strong macroeconomic fundamentals and healthy balance sheets in both banks…

The Economic Times

Bad loans may edge up to 1.9% by FY28 despite resilient banks: RBI

Indian banks are projected to see a slight increase in bad loans to 1.9% by March 2028, yet the system remains robust with strong capital and healthy profits. The Reserve Bank of India's report highlights resilient balance sheets and improving credit growth. Despite global uncertainties, the financial sector, including NBFCs,…

The Economic Times

Manufacturing growth seen moderating in Q1 as West Asia crisis weighs on sentiment: FICCI

India's manufacturing sector anticipates a slowdown in April-June FY27, influenced by West Asia tensions impacting business confidence. Despite this, robust domestic demand offers some resilience. Production and order book expectations have softened, though capacity utilization remains steady. Encouragingly, export performance shows improvement, driven by diversification efforts. However, cost pressures persist,…

The Times of India

'Deeply grateful': India's field hospital wins hearts in earthquake-hit Venezuela

Venezuela's earthquake victims are expressing profound gratitude to India's medical team for their life-saving aid. Under Operation Amistad, India deployed a field hospital, relief supplies, and advanced medical equipment, significantly easing the suffering of those affected by the devastating tremors. Locals shared moving testimonials, highlighting the exceptional care and support…

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The Economic Times

Pension savings can help fund infrastructure, support Viksit Bharat: CEA

India's burgeoning pension savings hold immense potential to fund infrastructure and propel the 'Viksit Bharat' vision, while ensuring stable returns for subscribers, according to Chief Economic Adviser V. Anantha Nageswaran. He emphasized that pension funds' long-term nature aligns perfectly with development projects. Nageswaran cautioned against excessive gold investments and the…

The Independent UK

Cancer-stricken mother fighting to bring home Indian student held in Ukraine after joining Russian army

Delhi court orders urgent action as student's captivity exposes recruitment of Indians into Russia’s war with Ukraine

The Economic Times

Gujarat can emerge as major defence manufacturing hub: Rajnath

Defence Minister Rajnath Singh highlighted Gujarat's potential as a major defence manufacturing hub, emphasizing its industrial strength and skilled workforce. He noted significant growth in India's domestic defence production and exports, while stressing the need for complete self-reliance. Singh pointed to initiatives like 'Make in India' and private sector involvement,…

The Independent UK

Pakistan says it will ‘chop off hand’ that tries to turn off its water supply in unsubtle dig at India

Pakistan’s warning comes as it rallies support from the world at the Indus Water Treaty conference

The Economic Times

India's April-May fiscal deficit at ₹1.62 lakh crore, widens on-year to 9.6% of FY27 aim

India's fiscal deficit stood at ₹1.62 lakh crore during April-May, accounting for 9.6% of the full-year budget estimate, according to government data released on Tuesday.

The Economic Times

BWF shifts India Open Super 750 to February 2027; tournament returns to traditional January slot in 2028

The India Open Super 750 badminton tournament is moving to February for the 2027 season, from February 2-7 in New Delhi, due to player concerns about air quality and venue conditions in January. It will revert to its traditional January slot in 2028. The BWF is also introducing a new…

The Economic Times

India plans to cut reliance on Middle East oil, tap spot market after war shock

India's state refiners are pivoting away from Middle Eastern oil contracts following the Iran war's supply disruptions. They plan to boost spot market purchases and forge deals with trading houses for diversified sourcing. This strategic shift aims to secure energy supplies and mitigate losses, with new avenues opening from Guyana,…

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