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The Latest Breaking News from India

El Nino sets in as Pacific crosses critical 0.5°C threshold: What it could mean for India's monsoon this year

El Nino: A major global weather signal, El Niño, has officially begun and the sea surface temperatures in the tropical Pacific have crossed a critical threshold. This development could significantly impact India's southwest monsoon. The India Meteorological Department has already forecast below-normal rainfall for the season. Scientists are closely monitoring…

The Economic Times

RBI MPC outcome: Experts decode what the policy decision means for mutual fund investors

The Reserve Bank of India's Monetary Policy Committee held the repo rate steady at 5.25%, maintaining a neutral stance. Experts advise investors to focus on capital preservation and short-term strategies amidst global geopolitical risks. While some anticipate rupee stabilization, others foresee potential rate hikes if inflation persists, impacting bond market…

The Economic Times

70ft Lionel Messi statue taken down due to safety fears months after unveiling

A 70ft Lionel Messi statue erected in India has been taken down just months later due to safety concerns.

The Independent UK

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Change drivers : creating industry-wide impact

This article highlights individuals driving innovation and trust in various sectors. Shiva Sankeerth Reddy Yarradla is revolutionizing enterprise AI by tackling its core challenges. Prasad Maderamitla is building trust in AI systems at Salesforce. Aaditya Raj Goyal is transforming India's precious metal industry with transparency. Ashish Agarwal is architecting resilient…

The Economic Times

An Indian gold firm allegedly inflated revenue by $159 billion using its Swiss unit

Indian investigators allege Rajesh Exports overstated its Swiss unit Valcambi's revenue by a staggering $159 billion. SEBI's preliminary findings also point to missing documentation for African mine investments and fictitious trades. The company denies wrongdoing, calling the revenue interpretation misplaced. Shares fell following the probe's announcement.

The Economic Times

IFC commits USD 50 million to Hygenco to promote green hydrogen in India

International Finance Corporation is investing USD 50 million in Hygenco Green Energies. This funding supports green hydrogen projects across India. The investment aims to scale up competitive green hydrogen supply for industries. Hygenco will develop projects and strengthen supply chains. This initiative will create jobs and support India's energy transition.

The Economic Times

Rate hikes are coming, RBI has sent a clear signal, says Anubhuti Sahay, Standard Chartered

Despite holding the repo rate steady, the Reserve Bank of India's significantly upgraded inflation forecasts signal a strong likelihood of rate hikes from August. Anubhuti Sahay of Standard Chartered highlights that elevated inflation projections, coupled with upside risks from oil prices and El Niño, suggest a deliberate sequencing of policy…

The Economic Times

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Artificial Intelligence no longer speculative technology but an operational reality: Chief Justice of India Surya Kant

India's Chief Justice Surya Kant states artificial intelligence is an operational reality. It presents a major challenge for international law. Decisions made now will define technology's role in power, freedom, and justice. He adds that the central challenge is the human authorship over the principles that govern AI. AI can…

The Economic Times

Ebola in India: Another Sudanese national with fever admitted to Hyderabad's Gandhi Hospital for screening

Two Sudanese nationals have been admitted to Gandhi Hospital in Hyderabad with fever. One student's condition has improved. Another individual arrived at the airport with a fever and was moved to an isolation ward. Test reports are awaited. The Telangana government has established a special isolation ward for Ebola cases.

The Economic Times

India to surpass China in share of global GDP by 2060: Report

India is set to overtake China in global economic power by 2060. A new report indicates China's GDP share will decline in the latter half of this century. India's population growth and economic expansion are key factors. This shift signals a multipolar world order for the 21st century. The global…

The Economic Times

India joins elite heavy-haul railway club, targets lower logistical costs: DFCCIL MD

India now operates heavy-haul freight railways, joining a select global group. The nation is adopting advanced technologies and global best practices to boost safety and efficiency in freight operations. This initiative aims to significantly lower India's logistics costs, which are currently higher than the global average.

The Economic Times

LIC buys Maruti Suzuki shares worth Rs 68 crore, insurer's stake in automaker crosses 5%

Life Insurance Corporation of India (LIC) has increased its stake in Maruti Suzuki above the 5% threshold after purchasing 51,750 shares through a market transaction. The move comes amid a decline in Maruti Suzuki's stock this year and reflects LIC's continued investment activity despite market volatility.

The Economic Times

India seek sixth SAFF Women's Championships title in summit clash against Bangladesh

India is set to face Bangladesh in the SAFF Women's Championships final. The Indian team is the favorite, aiming for a record sixth title. They have an unbeaten run and a strong goal record. India previously defeated Bangladesh in the group stage. The team seeks to reclaim the title after…

The Economic Times

HDFC Mutual Fund limits subscription in its gold ETF and FoF. What this means for investors?

HDFC Mutual Fund has temporarily restricted large lump-sum investments in its Gold ETF and Gold ETF Fund of Fund amid surging gold prices and rising inflows. While SIPs remain unaffected, the move aims to curb excessive exposure to gold, which experts warn could worsen India's import bill and current account…

The Economic Times

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The Independent UK

Indian film stars push to replace live elephants with CGI and robots

Peta says many of India’s 2,600 captive elephants are used for tourism, entertainment and temple ceremonies

The Economic Times

R Gandhi calls RBI policy 'on expected lines', sees no immediate rate hike risks

The Reserve Bank of India has maintained its neutral policy stance and kept interest rates steady. The central bank has adjusted its forecasts for economic growth and inflation. New measures are in place to encourage foreign investment. These steps aim to stabilize the Indian Rupee. Experts believe these decisions align…

The Economic Times

India’s AI gap keeps global investors away, but valuations are turning attractive: Punita Kumar Sinha

India is currently sidelined from the global AI investment boom due to its lack of semiconductor manufacturing. While the Indian IT sector has corrected, market veteran Punita Kumar Sinha believes value is emerging, with domestic themes and earnings growth offering long-term potential despite near-term challenges.

The Economic Times

'DMK has underground alliance with BJP': TVK's Vigneshwaran on Stalin's party boycotting INDIA Bloc meet

After DMK decided to boycott the upcoming INDIA Bloc meeting, Tamilaga Vettri Kazhagam (TVK) spokesperson Veera Vigneshwaran on Friday launched a sharp political attack on the Southern party, alleging that it maintains a secret, "underground alliance" with the Bharatiya Janata Party (BJP).

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The Economic Times

India makes big moves to attract foreign investments in bonds: How will this impact stock market?

India has unveiled significant measures to attract foreign investment, including tax exemptions on government securities and increased investment limits for overseas investors in equities. These moves aim to bolster market liquidity and stabilize the rupee amidst global volatility. However, the RBI's cautious stance on inflation suggests potential headwinds for rate-sensitive…

The Economic Times

Who is Air Marshal Ashutosh Dixit? All about new IAF Vice Chief with 3,300+ flying hours on MiG-21, other aircrafts

Air Marshal Ashutosh Dixit, a decorated fighter and test pilot, is set to become the next Vice Chief of the Air Staff from July 1. His extensive experience includes enhancing jointness among defence forces and championing indigenous fighter projects. With over 3,300 flying hours on various aircraft, his leadership has…

The Economic Times

Capital gains relief for FPIs on G-secs a 'very helpful measure', but bond yields may not go down soon: Rama Mohan Rao Amara, SBI

State Bank of India Managing Director Rama Mohan Rao Amara welcomes the government's move to exempt foreign investors from capital gains tax on Indian government securities. This decision aims to attract foreign capital when emerging markets face global pressure. Amara believes this will encourage foreign portfolio investors to reconsider Indian…

The Economic Times

INDIA bloc dead and buried, exists only on paper after DMK boycott: BJP

The INDIA alliance faces a major setback as the DMK announces its withdrawal from the upcoming meeting. The BJP declares the opposition bloc is defunct, existing only in name. This move follows the DMK's dissatisfaction with the Congress's alliances. The BJP criticizes the opposition's lack of unity and opportunistic approach,…

The Economic Times

Vaibhav Sooryavanshi in line for maiden India call-up, Suryakumar Yadav likely to be dropped: Report

15-year old Vaibhav Sooryavanshi is set to join India's T20 squad. Selectors are considering dropping captain Suryakumar Yadav. Sooryavanshi impressed in the IPL. The team faces upcoming T20 matches in Ireland and England. A leadership change is anticipated for the T20 team. Shreyas Iyer is also a contender for captaincy.

MyLifeXP

Will Modi Leave Office in a Year? Rahul Gandhi Thinks So

A single political statement can sometimes dominate the national conversation. That is exactly what happened when Rahul Gandhi declared that Prime Minister Narendra Modi would not remain in office a year from now. The prediction immediately grabbed attention. But what made it even more striking was the reason behind it.…

The Economic Times

Strong backing, but light touch: What is the RBI's rupee playbook?

The Reserve Bank of India will let the rupee's value be set by the market. It will only step in if trading becomes too unstable. Simultaneously, the RBI is introducing new plans to bring more foreign money into India. These steps aim to strengthen the country's finances amid global uncertainty.

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