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The Latest Breaking News from India

Govt needs to revive NITI Aayog's PSU, PSB privatisation program: Arvind Panagariya

Former NITI Aayog vice chairman Arvind Panagariya urges the government to revive privatization of public sector undertakings and banks. He believes this is crucial for India's economic reforms. Panagariya also suggests establishing a dedicated privatization ministry to speed up disinvestment. He notes that foreign investors remain positive about India's long-term…

The Economic Times

Palau-flagged ship Settebello had ignored close to 60 warnings before it was hit: US official

Palau-flagged vessel Settebello at the centre of the India-US standoff had ignored close to 60 verbal warnings before it came under fire from US forces last week, resulting in the deaths of 3 Indian nationals.

The Times of India

Looking for over 17% return from FCNR deposit through leverage? Check pitfalls before getting lured

The Indian government's decision to cover hedging costs for FCNR(B) deposits until September 2026 has enabled banks to offer higher interest rates, exceeding 7%. This allows NRIs to leverage these deposits for potentially greater returns, though risks associated with fluctuating borrowing costs and foreign taxes remain.

The Economic Times

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Rupee hits five-week high after oil plunges; traders eye further rally

The Indian rupee strengthened against the U.S. dollar for a second day. This rise follows a drop in oil prices and measures by the Reserve Bank of India to attract foreign currency. The rupee reached its highest level in five weeks. Traders anticipate a supportive near-term phase for the currency.…

The Economic Times

SBI revises FCNR(B) interest rates up to 5.75%: NRIs, OCIs & POIs can earn more on these deposits

FCNR(B) interest rates: The Reserve Bank of India's announcement to bear hedging costs for FCNR(B) deposits has prompted SBI to revise its interest rates. NRIs can now earn up to 6% per annum on US dollar-denominated FCNR(B) deposits, with rates varying by amount and tenure.

The Economic Times

Anil Agarwal bets $20 billion on aluminium, steel, and zinc, and says Vedanta is only getting started

Vedanta Group Chairman Anil Agarwal announced a $20 billion capital expenditure plan over three years, aiming to triple group businesses. The ambitious expansion targets aluminium, steel, power, and zinc, driven by strong demand and raw material backing. Agarwal emphasized building for India's growth, not consolidating, with steel identified as a…

The Economic Times

India's logistics, clean tech sectors to see 55% surge in drone usage in 3 years

India's logistics market is set for significant growth. Drone usage in logistics and clean tech sectors is expected to jump by 55 percent in the next three years. This surge is driven by digitalization and sustainability needs. The Indian logistics market is projected to nearly double by 2033. Drones are…

The Economic Times

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'India-Slovakia ties elevated to Comprehensive Partnership': PM Modi

India and Slovakia have upgraded their relationship to a Comprehensive Partnership. Prime Minister Narendra Modi met with Slovak counterpart Robert Fico. This marks a historic moment as it is the first visit by an Indian Prime Minister to Slovakia. The enhanced ties reflect shared beliefs and priorities between the two…

The Economic Times

USTR arrives June 22 for trade talks; Commerce Secretary says US-Iran deal should bring lasting peace

India's trade data for May 2026 shows robust export growth. Merchandise exports rose 18 percent year-on-year. Commerce Secretary Rajesh Agrawal welcomed the US-Iran peace agreement. He expressed hope for regional stability. Discussions are ongoing for a trade agreement with the US. The US Trade Representative is expected to visit India…

The Economic Times

India, Italy can expand cooperation in Africa through AI Hub and development initiatives: Ambassador Bartoli

India and Italy are set to boost their collaboration in Africa. An AI Hub for Sustainable Development is planned, alongside initiatives in farming, water, health, and education. This partnership aims to leverage artificial intelligence for the continent's progress. Both nations are strengthening ties across technology, defense, and critical minerals, fostering…

The Economic Times

US-Iran peace deal: Is it enough to end the 2-year drought for Nifty bulls, bring FIIs back?

A US-Iran peace framework has sparked a sharp rally in Indian markets, sending crude oil prices lower, strengthening the rupee and prompting FII short covering. Analysts believe easing macroeconomic pressures could improve growth prospects, though caution persists over elevated valuations in mid- and small-cap stocks.

The Economic Times

AI is making blue collar workers like electricians, mechanics richer than office workers

Artificial intelligence is creating new, lucrative roles for skilled tradespeople in India, with demand for electricians, HVAC technicians, and robotics specialists surging. This 'labour flip' sees blue-collar wages growing faster than entry-level white-collar salaries, as AI's physical infrastructure requires human expertise for installation and maintenance.

The Economic Times

US-Iran peace deal brings relief, but India turns to a risk at home

India just got a near-term macroeconomic breather from a US-Iran peace deal. However, early monsoon weakness and potential El Niño conditions are emerging as the next major test for growth and price stability, shifting focus from imported energy stress to domestic climate risk.

The Economic Times

India's trade deficit narrows slightly to $28.21 billion in May as petroleum exports cushion energy import blow

India's trade deficit saw a slight reduction in May. A recent US-Iran agreement is bringing welcome relief. This deal is expected to stabilize shipping through the Strait of Hormuz. Consequently, global crude oil prices should moderate. This will ease pressure on India's import bill and help control inflation. Exporters anticipate…

The Economic Times

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The Economic Times

RIL AGM 2026 this week: Date, time, where to watch live and what to expect

Reliance Industries' 49th AGM on June 19 is expected to draw investor attention for updates on the much-awaited Jio IPO, Reliance Retail's expansion plans and progress in its new energy business. Markets will also closely watch Chairman Mukesh Ambani's commentary on growth strategy and future value creation.

The Guardian - UK

Indian outrage over US killing of sailors mounts as leaders attend G7 summit

Relations at lowest ebb in years after Washington refuses to apologise for deaths in strait of Hormuz

The Economic Times

Planning a Germany trip? Here's how to apply for a Schengen visa

Indian citizens planning a trip to Germany require a Schengen visa for short stays. The application involves submitting documents like a passport, photos, accommodation proof, and travel insurance. Visa validity and stay duration are determined by authorities. Remember, this visa is strictly for tourism and not employment.

The Economic Times

Mercedes-Benz launches S-Class plug-in hybrid in India: Check price, electric range, specs

Step into the future with the newly launched 2026 S-Class from Mercedes-Benz India, which features India's first-ever S-Class plug-in hybrid option – the S 450e. Reservations are currently accepted for this lavish sedan, with expected deliveries coinciding with Diwali 2026. Explorers of luxury will appreciate the S 450e's powerful performance…

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The Economic Times

Gold rate today (June 15, 2026): Check 24k, 22k and 18k gold jewellery rates from IBJA, Malabar Gold and Diamonds, Joyalukkas & Tanishq in Delhi, Mumbai, Hyderabad & other cities

Check 24k, 22k and 18k gold jewellery rates: Gold prices saw an upward trend across India's leading jewellery brands today, Monday, June 15, 2026. Consumers planning to purchase gold jewellery will find updated rates for 24k, 22k, 20k, 18k, and 14k purity.

The Economic Times

ETMarkets PMS Talk | The best alpha comes from spotting inflection points before the market does: Anuj Jain

Anuj Jain of Green Portfolio emphasizes identifying businesses at the cusp of transformation for alpha, not momentum. He highlights disciplined processes and patience in special situations, differentiating turnarounds from value traps. Jain sees India's manufacturing and industrial expansion as a decade-defining investment theme.

The Economic Times

Markets likely to move beyond geopolitics, focus to shift to earnings: Devina Mehra

Devina Mehra believes geopolitical deals like a potential Iran-US agreement won't drive Indian equities, with earnings and liquidity being key. She advises investors against reacting to geopolitical risks, citing historical data. Mehra also highlights the dangers of emotional investing and emphasizes the importance of global diversification beyond the US.

The Economic Times

PM Modi receives ceremonial welcome in Bratislava, meets with Slovakian PM Fico

Prime Minister Narendra Modi arrived in Bratislava for a historic visit. He received a ceremonial welcome and a Guard of Honour. PM Modi held bilateral talks with Slovakian Prime Minister Robert Fico. The visit aims to strengthen cooperation in trade, investment, and strategic sectors. This marks a significant step in…

The Economic Times

Compliance complexity is the defining challenge amid tariff uncertainties: Maersk Asia Pacific survey

Vietnam, Thailand, and India emerge as key multi-country hubs. AI adoption is high, but integration with compliance platforms is crucial for true tariff exposure reduction.

The Economic Times

Organised jewellers seen sustaining growth despite 80% surge in gold prices: Nuvama

India's jewellery sector anticipates strong growth. Weddings and festivals are driving demand, even with high gold prices. Retailers report good revenue and customer interest. This trend is expected to continue into the next quarter. However, a recent duty hike may cause a temporary slowdown. Consumers are adapting by choosing lighter…

The Economic Times

Indian army selects Meprolight's Mepro X6 as dedicated daytime sight for in-service NEGEV machine guns

The Indian Army has chosen the Meprolight MEPRO X6 telescopic sight for its NEGEV machine guns. This advanced optic will improve target identification and engagement at longer distances. The sights will be manufactured in India through a technology transfer partnership. Bharat Electronics Limited will deliver the sights to the Army.

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