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The Latest Breaking News from India

India's capital account surplus may rise to $105 billion in FY27: Motilal Oswal

India's capital account surplus is expected to reach USD 105 billion in FY27. Stronger foreign capital inflows and improved portfolio investments will support this growth. Services exports and remittances provide a steady cushion against trade deficits. The current account deficit is projected to widen modestly to USD 60 billion. This…

The Economic Times

Tata Group to invest $1 billion in shipbuilding, says Kerala CM V. D. Satheesan

Tata Group plans a significant 100 billion rupee investment in Kerala's shipbuilding sector. The state government is favorably considering the proposal and expects approval within a month. This move marks a new business line for the conglomerate, expanding its diverse interests. India aims to rapidly ramp up its shipbuilding capacity…

The Economic Times

YatriKart opens first Delhi-NCR store, targets 50 stores in 50 days

YatriKart has launched its first store in Delhi NCR and plans fifty more. The company aims to open these new stores within the next fifty days. All YatriKart stores will operate twenty-four hours a day, seven days a week. This expansion focuses on high-footfall transit and commuter locations across the…

The Economic Times

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India-UK FTA comes into force: Industry hails ‘landmark moment’ for bilateral trade

The Comprehensive Economic and Trade Agreement between India and the UK is now active. This pact aims to significantly boost bilateral trade and economic growth for both nations. Tariffs will be reduced on numerous goods, making them cheaper for consumers. Indian professionals will benefit from extended social security contribution exemptions.…

The Economic Times

FTAs alone won’t make India a manufacturing power: GTRI’s Ajay Srivastava

Tariff concessions alone will not secure India’s long-term economic success; strengthening manufacturing competitiveness is the key, says Ajay Srivastava.

The Economic Times

Air India crash probe in final stages: Who were the two pilots who flew the jet?

Investigators have completed a cockpit voice recorder transcript for the fatal Air India crash. A psychological autopsy has also been conducted as the probe enters its final stages. The investigation focuses on the Boeing 787 crash which killed 260 people. Preliminary reports detail the backgrounds and flying experience of the…

The Economic Times

Renault India leveraging on Duster brand equity to woo customers for upcoming products

Renault plans seven multi-energy models in India by 2030. The popular Duster SUV will help attract customers to new products. Preparations are underway for a Duster hybrid launch around Diwali this year. The company is significantly expanding its dealer network across the country. Renault is making substantial investments for a…

The Economic Times

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Indian seafarer missing after Oman vessel attack dead, family says

An Indian national is confirmed dead after an attack on a commercial vessel near Oman. Ten other Indian sailors aboard the ship were rescued following the incident. India lodged a strong protest with Iran over recent attacks in the Strait of Hormuz. These attacks have heightened concerns for merchant vessels…

The Economic Times

Air India crash probe in final stages: Here's a second-by-second timeline of the tragedy

India's air accident investigators are finalizing their probe into last year's Air India crash. The cockpit voice recorder transcript and psychological autopsy have been completed. The aircraft departed Ahmedabad and experienced engine issues shortly after takeoff. Fuel cutoff switches were moved to the cutoff position, causing engine power loss. The…

The Economic Times

India wins big with duty-free access for 11 lakh tonnes of a key industrial metal under UK trade pact

Indian exporters can now ship over eleven lakh tonnes of steel duty-free to the UK. This benefit comes into effect through a new free trade agreement implemented on Wednesday. The agreement resolves previous steel safeguard measures which had become a major sticking point. India has secured robust market access and…

The Economic Times

What China wants India to see at Kailash Mansarovar

After a gap of nearly five years, the Kailash Mansarovar Yatra resumed last year. This year's pilgrimage holds special significance as it coincides with the Year of the Horse in the Tibetan and East Asian calendar, which is considered very auspicious in Buddhism.

Newslaundry

Ethanol small share of son's business, mileage loss due to blending is minor, Nitin Gadkari says

Minister Nitin Gadkari defended the ethanol blending programme against criticism. He stated his family's business involvement is minimal and not influential. Gadkari dismissed claims of vehicle engine damage from E20 fuel. He highlighted the programme's role in reducing pollution and oil imports. The minister also addressed highway construction quality concerns.

The Economic Times

Happy to bat anywhere for India, says Washington Sundar

Washington Sundar expressed happiness batting in various positions for India. He acknowledged coaches Gautam Gambhir and Ashish Nehra for boosting his confidence. Sundar highlighted the team's benefit from multiple all-rounders contributing with bat and ball. He praised skipper Shubman Gill for anchoring the chase effectively. Pacer Gurnoor Brar also received…

The Economic Times

TechnoSport launches 64,000 sq ft Bengaluru warehouse to boost national distribution and activewear growth

TechnoSport launched a large warehouse in Bengaluru to enhance its national distribution capabilities. This expansion increases controlled warehousing capacity by 130 percent for retail and D2C growth. The strategically located facility will improve access to South India and western regions. The new warehouse stores 1.8 million products and processes one…

The Economic Times

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The Economic Times

Indian Consulate in Boston warns of scam calls impersonating embassy, law enforcement officials

The Indian Consulate in Boston has alerted residents about a series of fraudulent calls aimed at the Indian community. Scammers pretend to be officials or law enforcement and deceive individuals into revealing personal information. They falsely state that victims' SIM cards are linked to criminal activities, threatening arrest and demanding…

The Economic Times

India-UK FTA explained: No new work visa, but these professionals benefit

The India-UK FTA does not introduce a new UK work visa or relax Britain's immigration rules, despite common misconceptions. Instead, it facilitates temporary business mobility for business visitors, intra-company transferees, contractual service suppliers and independent professionals, while a separate social security pact reduces National Insurance costs for eligible Indian professionals…

The Economic Times

Axar Patel says timing, not power, helped him bounce back in first ODI against England

Axar Patel credited a changed batting approach for his player-of-the-match performance. He focused on timing the ball instead of hitting too hard during the match. This adjustment helped India secure a four-wicket victory in the series opener. Captain Shubman Gill and Washington Sundar also contributed significantly to the successful chase.…

The Economic Times

Meet Anil Menon, NASA astronaut who will spend 8 months aboard space station: All about the Indian-origin doctor who once served in Afghanistan

Anil Menon NASA astronaut: Anil Menon, the first NASA astronaut of Malayali heritage, has reached the International Space Station (ISS) on his first space mission. Over the next eight months, he will conduct scientific experiments focused on human health, evaluate new medical technologies and support research into semiconductor manufacturing in…

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The Economic Times

Aviation Minister Naidu reviews Dholera Airport progress; hails it as catalyst for India's economic growth

Union Minister Rammohan Naidu reviewed Dholera International Airport's construction progress. Approximately eighty percent of the overall construction work has been completed. The airport is being integrated with a manufacturing hub and a green city. Multi-modal connectivity includes a six-lane highway and a high-speed rail corridor. The airport aims for operationalization…

The Economic Times

Indian bonds gain as soft US inflation cools Fed rate hike bets

Indian government bonds saw gains as US inflation eased, reducing immediate rate hike fears. Treasury yields declined, prompting a similar trend in Indian overnight index swap rates. Markets largely overlooked rising oil prices and their impact on domestic inflation. Anticipation of a delayed Federal Reserve rate hike cycle supported bond…

The Economic Times

Rupee edges higher; options market gauge turns most bearish in over a month

The Indian rupee strengthened modestly on Wednesday against the U.S. dollar. Easing U.S. Federal Reserve rate hike bets supported the rupee's upward movement. Elevated oil prices and Middle East tensions caused trader caution and market anxiety. The Reserve Bank of India's daily reference rate saw significant dollar selling. Bond yields…

The Economic Times

Jaishankar meets EU leaders, discusses trade, technology and maritime security

External Affairs Minister S Jaishankar met with European Council President Antonio Costa. He valued guidance for advancing trade and technology cooperation between the two sides. Discussions also covered West Asia and maritime commerce safety. Cooperation is deepening across trade, technology, security, and defence. India-EU FTA enables possibilities for cooperation with…

The Independent UK

‘I used to be ashamed of curry’: Nisha Katona on identity, acceptance and Britain’s love affair with Indian food

Once ashamed of the food she grew up with, Nisha Katona has made it her life’s work to bring curry to the British masses. She tells Lauren Taylor about identity, acceptance and why the family recipes we inherit are too precious to take to the grave

The Economic Times

'A stalwart of India's freedom movement who dedicated his life to nation-building': PM Modi pays tribute to K. Kamaraj

Prime Minister Modi honored K. Kamaraj on his birth anniversary for his freedom movement contributions. Kamaraj dedicated his life to nation-building and public service for the underprivileged. His vision for an equitable society continues to inspire many generations. Born humble, Kamaraj's life turned after the Jallianwala Bagh massacre. He served…

The Economic Times

UK-India pact to shield working professionals from dual social security taxes: Former India-UK FTA chief negotiator

The proposed UK-India CETA will reduce costs for professionals moving between nations. Temporary workers will avoid paying social security in two countries. This provision extends for up to five years, benefiting corporate assignments. The agreement aims for balanced growth and substantial economic expansion for both. Bilateral trade is projected to…

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