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The Latest Breaking News from India

Ambani says Reliance succession plan near completion as children take over day-to-day operations

Mukesh Ambani announced the near-complete transfer of daily management at Reliance Industries to his children, Akash, Isha, and Anant. They are now leading key sectors like telecom, retail, and new energy, signaling the final stages of a significant succession plan. Ambani expressed confidence in their ability to steer the conglomerate…

The Economic Times

Jio IPO filed: 10 crucial things investors must know about Ambani's $3 billion plan

Jio Platforms has filed its DRHP with Sebi for a massive IPO comprising a fresh issue of up to 27 crore shares. The offering aims to reduce debt, fund growth and unlock value for shareholders, while marking a milestone for India's largest telecom and digital services platform.

The Economic Times

India 10-year yield snaps 6-day falling streak as US-Iran talks stall

India's benchmark 10-year bond yield saw a pause in its recent drop on Friday. This change was fueled by stalled talks between the U.S. and Iran, which caused oil prices to tick up, negatively impacting investor sentiment. Additionally, profit-taking by traders following a strong bond price increase played a role.…

The Economic Times

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'America, learn from India': US woman riding Mumbai Metro for the first time shares why it is better than the New York subway

An American woman's first ride on the Mumbai Metro left her talking about much more than just getting from one station to another. From the ₹20 ticket price and air-conditioned coaches to platform screen doors and women-only compartments, several features stood out during her journey, starting a conversation online about…

The Economic Times

'Go Back To India': White Supremacists Tore Indian Flag, Warns US Congressman

US Congressman Raja Krishnamoorthi highlights a rise in anti-Indian incidents, citing a Texas demonstration as evidence.

International Business Times UK

RBI MPC member Nagesh Kumar flags import dependence, Gulf remittances, El Nino risks in minutes

India faces significant economic risks from the West Asia conflict, including potential disruptions to oil and fertilizer imports via the Strait of Hormuz and reduced remittances from the Gulf. El Niño-induced monsoon failures also pose a threat to agriculture. Despite these vulnerabilities, the nation's strong foreign exchange reserves and fiscal…

The Economic Times

RBI MPC minutes: 'Energy prices unlikely to return to pre-conflict levels,' says economist Saugata Bhattacharya

The Reserve Bank of India's Monetary Policy Committee maintained the repo rate at 5.25% with a neutral stance. External member Saugata Bhattacharya highlighted escalating inflationary risks from supply shocks, weather patterns, and energy prices. He also noted rising inflation expectations and potential global spillovers. Despite these concerns, he advocated for…

The Economic Times

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The operations network behind Amazon's play to become India's everyday store

Amazon is reshaping India's quick-commerce sector through significant investments in foundational infrastructure rather than merely focusing on rapid delivery. By developing an intricate network of collection points, processing plants, and micro-fulfillment centers, and partnering with over 16,000 farmers, the company aims to enhance the supply chain. This includes advanced cold-chain…

The Economic Times

India's beauty, personal care market seen at $39 billion by 2030: Flipkart

India's beauty and personal care market is set for a significant surge, projected to hit $39 billion by 2030. Flipkart's report reveals a shift from luxury to daily essential, with Gen Z driving growth and demand expanding beyond metros. Hyperlocal needs are shaping product preferences, indicating a democratized and evolving…

The Economic Times

India to send 125-130 athletes to CWG; IOA won't interfere in selection matters: Raghuram Iyer

India is sending 125-130 athletes to the Glasgow Commonwealth Games, competing in eight able-bodied and four para sports. This scaled-down event follows Victoria's withdrawal, with Glasgow stepping in as host. The Indian Olympic Association (IOA) is also planning for the much larger Asian Games and remains in dialogue with the…

The Economic Times

India’s forex reserves fall $9.99 billion to $671.63 billion as of June 12

India's foreign exchange reserves saw a dip of nearly $10 billion to $671.63 billion in the week ending June 12, 2026. This decline was primarily driven by a significant drop in gold reserves, despite a rise in foreign currency assets. The nation still holds a substantial forex buffer, crucial for…

The Economic Times

RIL AGM: Jio listing soon, but anybody's guess on Reliance Retail IPO. Here's what Mukesh Ambani said

Reliance Industries Chairman Mukesh Ambani steered clear of any timeline for the much-anticipated Reliance Retail IPO at the recent annual general meeting. Instead, he emphasized the retail giant's impressive scale, profitability, and ambitious growth plans. While investors hoped for listing updates, Ambani highlighted the business's strong operating performance and its…

The Economic Times

What Mukesh Ambani said as Jio IPO becomes Reliance's 'most important milestone' of 2026

Reliance Industries Chairman Mukesh Ambani announced that the Jio Platforms IPO is a significant value creation milestone for the year, with the telecom giant filing its DRHP with SEBI. He assured shareholders that the listing will unlock substantial value and present an attractive investment opportunity, highlighting Jio's role in building…

The Economic Times

IPO-bound Advit Jewels plans 30 retail showrooms under Rambhajo brand in 3 years

Advit Jewels is set to expand its consumer reach by launching 30 new retail showrooms across India within the next three years. This expansion, under the 'Rambhajo' brand, will be partly funded by the company's upcoming initial public offering. The first showroom is expected to open in Jaipur by October-November.

The Economic Times

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The Economic Times

Reliance AGM: Key facts and numbers about Jio Platforms

Mukesh Ambani's Reliance Jio Platforms is set for a significant Mumbai listing, aiming to raise approximately $3.8 billion. This move could mark India's largest initial public offering. Jio, a major telecom player, is diversifying into AI and cloud services. The company has attracted substantial investment from global giants. This IPO…

The Economic Times

Sebi approves SBI Mutual Fund IPO, launch likely by July first week

SBI Mutual Fund is preparing to launch its IPO in early July after receiving Sebi approval. The offer, entirely an offer for sale by SBI and Amundi, could be valued around Rs 13,000 crore, making it among the largest asset management listings in India.

The Economic Times

Reliance to turn crude into carbon fibre, green chemicals, other materials in major O2C overhaul

Reliance Industries is set to reinvent its oil-to-chemicals business. The company will convert crude oil into advanced materials and green chemicals. This strategy aims to create new revenue streams and reduce exposure to global energy market volatility. Reliance is committed to ensuring India's energy security by future-proofing its legacy business…

The Economic Times

Apple iPhone 18 Pro Max Price in India: Check expected launch date, design, display, camera, colours, specifications and more

Apple's iPhone 18 Pro and Pro Max are anticipated for a September 2026 launch, with early leaks pointing to significant AI, processing, camera, and battery upgrades. While prices are expected to remain stable in India, a slight increase is possible, and some premium AI features might become subscription-based.

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The Economic Times

India eyes return of Formula 1 by 2030: FMSCI president

India is aiming to host Formula 1 by 2030. The country also plans to bring MotoGP and a World Rally Championship round by 2028. The Federation of Motor Sports Clubs of India is working with the Sports Ministry on this. The focus is on developing Indian drivers and motorsports infrastructure.

The Economic Times

Rajnath Singh performs Bhoomi Pujan for 10,000-ton aluminium extrusion press, stresses defence self-reliance

Defence Minister Rajnath Singh initiated a new Aluminium Extrusion Press project in Nagpur. This facility will boost India's defence manufacturing capabilities. The project signifies a move towards self-reliance, reducing dependence on imports for critical defence components. It supports the Aatmanirbhar Bharat vision by strengthening domestic production of strategic materials for…

The Economic Times

Forget chatbots, Ambani's Reliance wants to own India's entire AI economy

Reliance Industries is charting a unique AI strategy, aiming to democratise artificial intelligence in India by focusing on affordability and accessibility rather than solely on developing advanced models. The company is building a sovereign AI infrastructure and a suite of sector-specific AI platforms, mirroring its successful Jio telecom playbook to…

The Economic Times

India's Spark qualifies for Trackmania event at Esports World Cup

Kunal Upreti, also known as Spark, is the only Indian player to qualify for the Esports World Cup in Trackmania. He secured his spot through the Asia and Oceania qualifiers. Spark will represent India and his organization S8UL at the prestigious tournament. Trackmania is a highly skilled racing esports title.

The Economic Times

Reliance AGM 2026: Sun rises on RIL's green empire with a 2 lakh jobs promise

Reliance’s clean energy roadmap at AGM 2026: Reliance Industries used its AGM 2026 to showcase the scale of its clean energy ambitions, with Executive Director Anant Ambani saying the company's new energy businesses will create more than 200,000 green jobs and begin making a meaningful contribution to earnings from FY27.

The Economic Times

India initiates anti-dumping probe against a Chinese, Japanese chemical used in tyre, rubber items

India has launched an anti-dumping investigation into Resorcinol imports from China and Japan. This action follows a complaint alleging that cheap imports are harming the domestic industry. The Directorate General of Trade Remedies will determine if dumping has occurred and caused injury. If confirmed, duties may be recommended to ensure…

The Economic Times

From Hormuz shock to energy security: How Reliance kept India's fuel lifeline intact

Reliance Petrochemicals, Reliance Oil Business, AGM 2026: Reliance Industries ensured energy security during a West Asian conflict. The company redirected domestic natural gas to critical sectors. It also increased LPG supplies fourfold. This action bridged import disruptions and maintained cooking fuel availability nationwide. Reliance's oil and gas business showed strong…

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