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The Latest Breaking News from India

Fable 5 wake-up call; Indians chase SpaceX jackpot

Happy Monday! The Fable 5 disruption has triggered fresh calls for India to build its own AI muscle. This and more in today’s ETtech Morning Dispatch.

The Economic Times

To drive up NRI investments, banks make FCNR deposits attractive with up to 7.1% return on dollar deposits

India saw inflows topping $155 billion in 2025-26 via remittances. Add another estimated $50 billion from this scheme which will run until September, and the country is potentially looking at inflows of at least $150 billion this year. While Gulf Cooperation Council countries have historically dominated India’s inward remittances, advanced…

The Economic Times

Think property makes you rich? These 5 facts tell a different story

As per a 2017 RBI report, a typical middle-class Indian family puts 70-80% of its net worth into realty. No asset class would be considered a sound investment if an adviser suggested putting 80% of everything you own into one stock. Yet, this is precisely what real estate demands.

The Economic Times

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Red Hat sees an opening as Indian enterprises turn to AI sovereignty

Indian businesses are increasingly opting for Red Hat's open-source solutions to gain control over their AI and cloud infrastructure, said Red Hat India and South Asia vice-president Navtez Bal. Driven by concerns over data sovereignty and vendor lock-in, enterprises are moving beyond AI experiments towards production deployments.

The Economic Times

Fable 5 shock puts sovereign AI back on India’s agenda

US export controls on advanced AI models have spurred India's call for sovereign AI development. Industry leaders warn against reliance on foreign providers, urging a national mission for indigenous AI capabilities, similar to UPI and Aadhaar, to secure India's technological future and support local startups.

The Economic Times

India looking to scale up local AI infrastructure; NITI to review

The Indian government is developing a strategy for domestically controlled AI infrastructure to enhance AI adoption in governance and cultivate skilled talent. NITI Aayog is identifying ecosystem gaps and recommending measures to bolster India's independent AI development and deployment capabilities, potentially expanding the existing India AI Mission.

The Economic Times

Sharma spins India to T20 World Cup win over Pakistan

Deepti Sharma took five wickets as India bowled out Pakistan for 106 to begin their quest for a first Women's Twenty20 World Cup title in Birmingham.

AAP

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Tech denial’s come home: The Anthropic shock is India’s wake-up call

The US government has restricted access to advanced AI models, impacting even its own engineers. This action highlights conditional trust for partners like India. The move prompts global efforts to build independent AI capabilities. India must leverage its talent and diverse partnerships to avoid single-point dependency.

The Economic Times

Big yard, iron fences: Why India must chase AI sovereignty now

The expanding limitations on advanced AI technologies in America underline a pivotal change in the landscape of global tech commerce. This development positions states as key players in the governance of essential technologies, marking a resurgence of U.S. strategic dominance and the emergence of weaponized interdependence.

The Economic Times

FTAs building a new trade architecture for Viksit Bharat

India is actively pursuing Free Trade Agreements to boost market access and shield its businesses. These agreements target complementary economies, aiming to secure a level playing field for Indian exporters. FTAs also focus on services, talent mobility, and investment. Modern trade dimensions like technical barriers and environmental standards are addressed.

The Economic Times

Father's passion for archery, mother selling 'Mangalsutra': Dhiraj Bommadevara's journey to double gold in WC

Dhiraj Bommadevara secured two gold medals at the Archery World Cup Stage 3 in Antalya. He defeated South Korea in both the recurve mixed team and individual events. This historic achievement marks a significant moment for Indian archery. His parents' sacrifices were instrumental in his journey. This win fuels his…

The Economic Times

India start Women’s T20 World Cup in style as Deepti makes short work of Pakistan

India started the Women’s T20 World Cup campaign with a convincing 64-run win over Pakistan at Edgbaston.

The Guardian - UK

IND W vs PAK W: Deepti Sharma, Smriti Mandhana shine as India crushes Pakistan by 64 runs

India secured a dominant 64-run victory over Pakistan in their ICC Women's T20 World Cup debut. Deepti Sharma's exceptional bowling performance, taking five wickets, was key. Smriti Mandhana's strong batting contributed significantly to India's total. Pakistan was bowled out while chasing India's score. The Indian spinners proved too strong for…

The Economic Times

Pilots' body FIP seeks B787 simulator tests to verify certain aspects in Air India plane crash probe

Pilots' group FIP urged the AAIB to conduct simulator tests for the AI171 plane crash. They want to verify the connection between RAT deployment and fuel control switch movement. This follows the AAIB's interim report on the 2025 Air India Dreamliner crash. FIP seeks to independently check acceleration data and…

The Economic Times

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The Economic Times

India aims to co-develop, co-design, co-produce, co-manufacture: MEA on Rafale deal with France

India is boosting its defence manufacturing through the 'Make in India' initiative. Discussions with France focus on co-developing and co-producing Rafale fighter jets. This significant deal aims for substantial local production. India seeks to enhance its indigenous capabilities and address fighter aircraft shortages. The agreement will see Rafale aircraft manufactured…

The Economic Times

Dhurandhar's Nice!: French President highlights talks with PM Modi with 'Aari aari'

Prime Minister Narendra Modi met with French President Emmanuel Macron in Nice. The leaders discussed strengthening defense, space, and nuclear energy collaborations. They also inaugurated the Bharat Innovates 2026 conclave, marking a significant step in the India-France Year of Innovation. President Macron even used a popular song to capture the…

The Economic Times

India seeks French investments in manufacturing

Commerce Minister Piyush Goyal invited French companies to invest in India. He emphasized India's large talent pool and manufacturing capabilities. Goyal stated India is a trusted partner in the current global economic climate. Prime Minister Narendra Modi is in France for discussions and the G-7 Summit. Bilateral trade between India…

The Economic Times

PM Modi, Macron discuss expansion of India's UPI in France, sign 19 pacts

Prime Minister Narendra Modi and French President Emmanuel Macron met and signed 19 agreements. Discussions covered AI, innovation, trade, and infrastructure. Key outcomes include an India-France Innovation Roadmap and expansion of UPI services. Both nations aim to strengthen cooperation in technology, space, and economic security. This meeting marks a significant…

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The Economic Times

Human-centric technology at heart of India's AI ambitions: PM Narendra Modi at Bharat Innovates 2026

Prime Minister Narendra Modi emphasised India's "technology for humanity" approach at Bharat Innovates 2026 in Nice, aligning with India's vision of "AI for all." French President Emmanuel Macron echoed this, advocating for ethical and responsible AI development, cautioning against power concentration.

The Economic Times

Women's T20 WC: Smriti Mandhana's 68, Richa's 34 take India to 170/6 against Pakistan

India posted a competitive 170 for 6 against Pakistan in their Women's T20 World Cup debut. Smriti Mandhana starred with a brilliant 68. Richa Ghosh provided a quickfire cameo, scoring 34 off just 17 balls. Their efforts helped India set a challenging target for their arch-rivals in the opening encounter.

The Economic Times

Ashok Gehlot backs Rahul as INDIA bloc face, says contest should be 'Modi Vs Rahul'

He also said the time has come for "BJP versus all" rather than "Congress versus all", and claimed that if former prime minister Indira Gandhi were in power today, she would have banned a party like the BJP for practising politics in the name of religion.

The Economic Times

Nirmala Sitharaman flags global risks, says PM Modi Govt ensuring supply stability amid crude, Hormuz pressures

Union Finance Minister Nirmala Sitharaman said India faces risks from crude prices, Middle East tensions and Strait of Hormuz disruptions, but Prime Minister Modi's government is ensuring there is "not a supply disruption" for households and the economy. She made the remarks at the Viksit Bharat event in Karnataka on…

The Economic Times

India's protest with US over strike that killed three Indian mariners fell on deaf ears: Manish Tewari

Congress leader Manish Tewari has strongly criticized the United States' reaction to the deaths of three Indian sailors. He stated the US response was belligerent, not regretful. The US Secretary of State's remarks lacked empathy. India's External Affairs Minister conveyed a strong protest. The US emphasized adherence to blockade orders.…

The Economic Times

Rahul Gandhi calls for bringing back mortal remains of Indian national currently aboard MT Celestial

Rahul Gandhi criticizes the government's handling of Nishanth Uirthanathan's death. He alleges the government acts as an obedient servant to foreign powers. Uirthanathan died aboard MT Celestial due to medical issues. His mortal remains are at Duqm Port. The Indian Embassy in Muscat is coordinating repatriation efforts. India also protested…

The Economic Times

Shipping authority directs placement agencies to restrict deployment of Indians in conflict zone

Indian seafarers are being restricted from deployment to conflict zones. This directive follows a US military strike on a commercial vessel off the Oman coast. Three Indian crew members were killed in the incident. The Directorate General of Shipping issued the advisory to maritime recruitment agencies. Masters of vessels in…

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