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The Latest Breaking News from India

Stitching the Value Chain: How PM MITRA parks are rewriting India's textile destiny

India's textile sector, a vital economic pillar, is undergoing a transformative shift with the PM MITRA scheme. This initiative aims to overcome historical fragmentation by creating integrated textile parks, fostering a 'Farm to Foreign' value chain. The scheme is poised to boost exports, create millions of jobs, and enhance global…

The Economic Times

EPF Scheme 2026: Your provident fund is getting simpler, smarter and more digital

India's provident fund system has undergone a significant overhaul with the introduction of the Employees' Provident Fund Scheme, 2026, replacing the 1952 version. This modernization prioritizes digital compliance and simplified processes, aligning with new labor codes. Key changes include easier partial withdrawals for members and enhanced governance for employers, aiming…

The Economic Times

Finance Minister Sitharaman embarks on 4-day official visit to France to bolster economic ties

Finance Minister Nirmala Sitharaman is on a four-day visit to France to bolster the India-France Strategic Partnership and economic ties. A key focus is the Economic and Financial Dialogue, co-chaired with her French counterpart, to explore avenues for enhanced bilateral cooperation and investment.

The Economic Times

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Lower crude, easing FII selling brighten market outlook; large-cap financials offer better value: Kunal Vora

Indian equities are poised for a brighter outlook as crude oil prices retreat, corporate earnings show resilience, and foreign investor selling pressure eases. While near-term results may reflect temporary disruptions, the market's underlying strength is improving. Domestic flows are expected to sustain market momentum, with private banks, consumption, and telecom…

The Economic Times

Air Marshal Ashutosh Dixit takes charge as new Vice Chief of Indian Air Force

Air Marshal Ashutosh Dixit has assumed the role of Vice Chief of the Air Staff, succeeding Air Marshal Nagesh Kapoor. A distinguished officer with extensive experience, including a pivotal role in Operation Sindoor, Air Marshal Dixit previously served as Chief of Integrated Defence Staff. His tenure at HQ IDS was…

The Economic Times

Accel, Nikhil Kamath-backed Sarla Aviation completes flight test campaign of demo e-aircraft

Bengaluru-based Sarla Aviation, backed by Nikhil Kamath, has successfully completed flight tests for its electric aircraft technology demonstrator, Sylla. This milestone precedes the planned 2028 launch of their full air taxi, Shunya. Sylla 1.0 validated key engineering objectives, including vertical take-off and hover capabilities, marking a significant step for India's…

The Economic Times

I came back from India with a metre-long tapeworm and 38 brain parasites – doctors didn’t know what to do

Lowri Denman, 42, battled a decade of seizures, psychosis and uncertainty about her future

The Independent UK

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India's economic plot twist comes with one villain stepping aside, another waiting

India's economic outlook has improved as falling crude oil prices ease inflation, strengthen the balance of payments and prompt economists to raise GDP growth forecasts. But the optimism comes with fresh risks, including an uneven monsoon, food inflation, geopolitical tensions in West Asia and uncertainty over global commodity prices, making…

The Economic Times

Kerala Cricket Association revokes Sreesanth's ban

Former India cricketer S Sreesanth's three-year ban by the Kerala Cricket Association has been lifted. The decision came after Sreesanth submitted an unconditional apology for remarks that had brought disrepute to the association. This revocation allows him to continue as co-owner of the Aries Kollam Sailors franchise in the Kerala…

The Economic Times

Homegrown AlphaGrep takes on Jio BlackRock with India Algo Funds

Over the next 18 months, AlphaGrep Investment Management Pvt plans to unveil about half a dozen mutual funds, Chief Executive Officer Bhautik Ambani told a press conference Tuesday. On July 6, it will launch the first fund, a dynamically managed multi-asset fund investing across equities, fixed income and commodities.

The Economic Times

India's biggest long-term challenge is creating productive jobs, harnessing demographic dividend: BofA's Rahul Bajoria

India's primary long-term hurdle is generating enough productive jobs to harness its demographic advantage, according to Bank of America's Rahul Bajoria. He highlighted underemployment as a significant concern, urging a collaborative, decade-long effort from government, private sector, and households. Bajoria also noted that while AI presents challenges, proactive responses can…

The Economic Times

India's June crude imports hit record high as Russian supplies surge despite West Asia tensions

India's crude oil imports hit a record 4.93 million barrels per day in June, bolstered by substantial purchases from Russia, which solidified its role as the top supplier. This surge underscores India's robust supply chain resilience amidst global geopolitical tensions. Analysts highlight proactive diversification and procurement strategies as key to…

The Economic Times

IT growth vectors "clearly missing"; EV capex pullback hits ER&D players: Mayuresh Joshi

India's IT and ER&D sectors are navigating a structural slowdown, with EV capex cuts impacting companies like KPIT. Near-term macro risks, including geopolitical tensions and inflation, cloud the outlook. Metals face price pressure from increased supply, though low inventories offer future potential. Kotak's Standard Chartered deal appears fairly priced, but…

The Economic Times

'You don't need a degree': He got into IIT Delhi, then walked away from it for Microsoft. This 19-year-old's career move is going viral

A 19-year-old has bypassed IIT Delhi's prestigious academic path for a software engineering role at Microsoft. Ashish Kumar Verma, already a Google Developer Expert, believes practical building and output are paramount in tech, not just degrees. His decision highlights a growing trend among India's Gen-Z, prioritizing real-world experience and direct…

The Economic Times

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The Economic Times

Could've stayed as janitor but...: Man once told his 'thick Indian accent' would never get him a job is now CEO in US

A viral clip highlights Sharran Srivatsaa's inspiring journey from a US janitor to a successful entrepreneur. Facing initial rejection due to his accent, Srivatsaa taught himself to speak fluently by listening to Tony Robbins tapes while working. His story, confirmed by Srivatsaa himself, emphasizes perseverance and proves that one's starting…

The Economic Times

NPCI partners with HSBC India & JP Morgan Payments to enable real-time FX settlement for international UPI payments

India's UPI is set for a global upgrade! The National Payments Corporation of India (NPCI) has partnered with HSBC India and J.P. Morgan Payments to enable real-time foreign exchange conversion and faster settlement for international UPI transactions. This move promises Indians traveling abroad more transparent pricing and quicker payments, enhancing…

The Economic Times

England feels like home away from home, says MCC life member Cheteshwar Pujara

Cheteshwar Pujara, recently awarded MCC life membership, revealed England feels like home despite his stellar Australian record. He cherishes his time playing county cricket and the unique aura of Lord's, even without a Test century there for India. Pujara found batting at Lord's challenging due to the pitch and slope…

The Economic Times

Beyond refunds: Why GST 2.0 is a growth enabler for MSME exporters

Liquidity alone won’t close the credit gap that most Indian MSME exporters face. This is where GST 2.0 has its most underappreciated impact—the ability to turn compliance into capital access.

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The Economic Times

TMC Transformers files DRHP with Sebi for Rs 550 crore IPO

TMC Transformers is set to launch an Initial Public Offering (IPO) aiming to raise up to Rs 550 crore. The funds will primarily finance a new Extra High Voltage transformer manufacturing facility in Gujarat. The company, a leader in specialized traction transformers for Indian Railways, boasts impressive revenue growth and…

The Economic Times

Germany introduces Digital Master Assessment Test for Indians applying for Master's programmes

Indian graduates aiming for Master's degrees in Germany will face a new hurdle from 2026. The Digital Master Assessment Test (dMAT) will become a mandatory part of the APS verification process. Developed by German universities, this digital exam assesses both general academic aptitude and subject-specific knowledge, with results reported in…

The Economic Times

CA Day 2026: Why is it celebrated on July 1? Know history, this year's theme, motto

CA Day: July 1 marks the 77th anniversary of the Institute of Chartered Accountants of India (ICAI), the world's second-largest accounting body. Established in 1949, even before India's Constitution, ICAI plays a crucial role beyond tax filing, guiding businesses through complex financial landscapes. Its motto, "the one who is awake…

The Economic Times

'He'll be up': Trump wanted to ring 'friend' PM Modi at 6 am; US envoy recalls backstage moment

US Ambassador to India Sergio Gor highlighted the personal friendship between President Trump and Prime Minister Modi, recalling Trump's eagerness to call Modi at 6 am India time. Gor emphasized that this rapport is a key driver of the strong US-India relationship, which both leaders are committed to strengthening across…

The Economic Times

Digital India has given India new identity worldwide: PM Modi

Prime Minister Narendra Modi celebrated 11 years of Digital India, highlighting its transformative impact on governance, citizen empowerment, and national development. He emphasized how the initiative has fostered innovation across India, particularly in rural areas, and strengthened key sectors like education and healthcare. Digital India's success has positioned India as…

The Economic Times

'Built for parents, not students': Ankur Warikoo's take on why most Indian EdTech companies struggled

Entrepreneur Ankur Warikoo has ignited a discussion on India's EdTech sector, asserting that many companies prioritized parents over students, leading to sales-driven approaches instead of product development. He highlighted that successful firms now focus on the actual learner, building trust for long-term retention. This perspective resonates with users concerned about…

The Economic Times

Adani Green surpasses 20 GW renewable energy capacity, first in India to hit milestone

Adani Green Energy has achieved a landmark 20 GW of operational renewable capacity, the first in India to do so via greenfield development. This significant feat, accomplished within a decade, generates enough clean electricity annually to power nearly 3% of India's needs. The company's expanding portfolio, including solar, wind, and…

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