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The Latest Breaking News from India

Sensex surges over 500 pts, Nifty above 23,900; Trent shares surge 4%

Indian stock markets showed resilience on Wednesday, with Sensex and Nifty recovering from previous losses. Trent shares surged, leading the gains. While broader markets dipped, IT and Pharma sectors saw modest gains. Analysts noted global tech stock volatility but highlighted India's steady growth and easing crude oil prices. However, concerns…

The Economic Times

Meta’s Chris Cox sought Kunal Shah’s WhatsApp advice - then made him leader

Meta Chief Product Officer Chris Cox reached out to Shah directly in the spring, seeking advice on picking the future leader of WhatsApp. Cox had been calling entrepreneurs and investors in places like India, Brazil and Mexico, countries where WhatsApp is a dominant part of business and culture, and Shah’s…

The Economic Times

London court orders Nirav Modi to pay Bank of India Rs 100 crore

A London High Court has ordered fugitive diamantaire Nirav Modi to pay Bank of India over $10.7 million (approximately Rs 100 crore). The judge found Modi liable under a personal guarantee for a loan to his company, rejecting his defenses. Modi, currently in UK custody for a separate fraud case,…

The Economic Times

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Waterways Leisure Tourism IPO Day 2: GMP signals flat debut - Should you apply?

Waterways Leisure Tourism IPO entered Day 2 with weak investor demand and a GMP of around 1%, signalling a flat listing outlook. Subscription stood at just 19% on Day 1, with limited institutional interest. Analysts advise caution, recommending investors focus on long-term prospects rather than listing gains.

The Economic Times

India nears 50% domestic coal use in import-based power plants, sources say

India is significantly boosting the use of domestic coal at power plants previously reliant on imports, aiming to slash costly overseas purchases. Over 50% of capacity at these plants is now running on local fuel, with trials expanding this further. This shift is enabled by increased renewable energy generation freeing…

The Economic Times

Can a bank seize your vehicle after EMI default? What borrowers need to know

Facing vehicle repossession in India? Understand your rights: lenders can't seize your vehicle after just one or two missed EMIs without due process. Recovery agents must not use force or intimidation. You're entitled to notices and can reclaim your vehicle before sale if you regularize your loan. Any surplus from…

The Economic Times

India, Israel sign MoU to strengthen cooperation in public sector auditing

India's Comptroller and Auditor General and Israel's Supreme Audit Institution have inked an MoU to boost public sector auditing cooperation. The agreement facilitates knowledge exchange, technical expertise, and training. Discussions also explored joint seminars to share innovative practices. The visit underscored a shared commitment to transparency and good governance, with…

The Economic Times

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Around 400 workers from India, Bangladesh accuse Singapore firms of unpaid wages

Hundreds of migrant workers, primarily from India and Bangladesh, are alleging non-payment of wages by two Singapore-registered firms. Investigations are underway by the Ministry of Manpower and NGOs. Workers also face issues with housing, and food suppliers have ceased services due to non-payment. The situation highlights the challenges faced by…

The Economic Times

After turbulent 2025, DGCA to face US FAA safety review in November

India's aviation regulator, the DGCA, faces a crucial safety assessment by the US FAA this November. This review follows a series of incidents in 2025, raising concerns about potential impacts on Indian carriers' US expansion plans. Despite government confidence, the DGCA's capacity is under scrutiny amid rapid sector growth, highlighting…

The Economic Times

Why Meta tapped Kunal Shah; Beauty’s new factory boom

Happy Wednesday! Meta just handed WhatsApp’s steering wheel to Cred’s Kunal Shah, betting he can turn India’s favourite chat app into a payments and AI powerhouse. This and more in today’s ETtech Morning Dispatch.

The Economic Times

On ESOP value over US$ 60,000 US estate tax up to 40% can be levied after death of even a non-US resident; Here’s how to manage its impact on legal heirs

Indian professionals holding US ESOPs and RSUs face a significant risk of up to 40% US estate tax on assets exceeding $60,000 after their death. This applies even if they are non-residents. Experts suggest strategies like routing shares through GIFT City, investing in UCITS ETFs, or lifetime gifting to mitigate…

The Economic Times

'We are very, very close': US Deputy Assistant Secretary on India-US trade deal

India and the US are nearing a significant trade agreement, with Washington expressing optimism about concluding the deal soon. This historic pact aims to open India's vast market to American goods on mutually beneficial terms, supporting the "Mission 500" goal of $500 billion in bilateral trade by 2030. Recent trade…

The Economic Times

‘Thriving digital ecosystem and AI adoption bringing MNCs here’: Databricks cofounder

Databricks is significantly boosting its presence in India, recognising it as a key market for growth and revenue. This expansion is fueled by India's vibrant digital sector, increasing enterprise AI adoption, and global firms leveraging the nation's talent for development.

The Economic Times

Zuckerberg bets on Kunal Shah for WhatsApp’s aggressive financial services, AI push

Meta's WhatsApp is set for a major financial services and AI push with Kunal Shah at the helm. This move aims to leverage AI agents and the Meta AI chatbot to drive growth, particularly in India, a key market with over half a billion users. Shah's appointment signals India's growing…

The Economic Times

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The Economic Times

AI risks spark 30% surge in India cybersecurity spends as enterprises ramp up defences

Corporate India is witnessing a significant surge in cybersecurity spending, up 30% year-on-year, as businesses race to safeguard data and AI systems. Even traditionally less-invested sectors like manufacturing are digitizing aggressively. This trend, driven by AI's expanding attack surface and increasing regulatory pressure from bodies like CERT-In, is making cybersecurity…

The Economic Times

Beauty's back-end gets investor attention; Naturis in talks to raise Rs 100 crore

Investors are increasingly backing India's beauty and personal care manufacturing sector, moving beyond consumer brands. Companies like Naturis Cosmetics and NG Electro Products are attracting significant capital as new-age brands scale and outsource production. This shift signals a maturing ecosystem, with manufacturers offering crucial formulation and innovation support, poised to…

The Guardian - AU

Injury cloud mars crushing Australia’s Women’s T20 World Cup win over Pakistan

Australia have cruised to an easy victory over Pakistan at the Women’s T20 World Cup, but there may be concern over a hand injury to wicketkeeper Beth Mooney

The Times of India

Bank of India wins Rs 100 crore case against Nirav Modi

LONDON: A London high court judge ruled in Bank of India's favour on Tuesday, holding that fugitive diamond businessman Nirav Modi does owe the public sector bank over $10.7 million (a little over Rs 100 crore).

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The Conversation

The US is leading the new space race – but other countries are close behind

When NASA administrator Jared Isaacman unveiled the crew of the Artemis III mission at Johnson Space Center in Houston earlier this month, he was ebullient.

The Economic Times

Regulating charity without stifling it: The case for clearer rules

India's charity sector, vital for social needs, faces evolving regulations aimed at transparency. While scrutiny is accepted, current rules create uncertainty for genuine organizations, diverting resources from beneficiaries. The article advocates for clearer guidance, opportunities to rectify errors, a risk-based approach, and better inter-agency coordination. The goal is to deter…

The Economic Times

"I will slap him, say sorry for abusing...": Influencer confronts Bangladeshi waiter for alleged derogatory remarks about India at Italian restaurant, watch viral video

An Indian influencer, Khushi Dubey, has gone viral after a heated confrontation with a Bangladeshi waiter at an Italian restaurant. The dispute, initially over a bill, escalated when the waiter allegedly made derogatory remarks about India. The incident, captured on video, saw the group demanding an apology from the waiter…

RideApart

Could This Super Popular Indian Electric Scooter Make Sense In The US?

The refreshed Bajaj Chetak raises a bigger question: are American commuters finally ready for practical electric scooters?

The Economic Times

Ethanol blending programme safe, use of E20 won't affect vehicle insurance validity: Govt

India's ethanol blending program is safe and beneficial, the government assures, dispelling fears about E20 fuel invalidating vehicle insurance. This globally accepted practice, seen in countries like Brazil, has saved India over Rs 1.4 lakh crore in foreign exchange and boosted farmers' incomes. The initiative enhances energy security, cuts emissions,…

Barchart

Sugar Prices Finish Higher on Mild Short Covering

July NY world sugar #11 (SBN26 ) on Tuesday closed up +0.07 (+0.52%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +0.70 (+0.16%). Sugar prices settled higher on Tuesday amid some mild short covering as prices consolidate recent losses. On Monday, NY sugar fell to a 2-month...

The Economic Times

Meta's WhatsUpside Down hire: How Kunal Shah broke the Valley playbook

Silicon Valley's AI talent war saw tech giants acquire engineers. However, Meta's Mark Zuckerberg broke the mold by investing $900 million in Indian fintech startup Cred and bringing its founder, Kunal Shah, into WhatsApp's C-suite. Shah, a non-engineer with deep consumer insights, is tasked with boosting WhatsApp's payments and commerce,…

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