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The Latest Breaking News from India

India invites Russia for BRICS Summit in New Delhi: Report

India has extended an invitation to Russia for the upcoming 18th BRICS Summit. Preparations are actively underway for the summit, which India will host. The event is scheduled to take place in New Delhi on September 12-13. Bangladesh also received an invitation for the summit's outreach segment. BRICS currently includes…

The Economic Times

India could face 100% tariffs under proposed US Russia sanctions bill

Many Democrats, some Republicans, and industry trade groups are unhappy about a provision in the long-stalled bill that would let Trump impose steep tariffs on countries that purchase large amounts of Russian oil and gas, or countries that his administration deems to be facilitating sanctions evasion.

The Economic Times

EAM Jaishankar speaks to Iran FM, urges safety of commercial shipping amidst West Asia tensions

India's External Affairs Minister spoke with Iran's FM about regional hostilities. He conveyed India's deep concerns and urged protection for commercial shipping. Seafarers must not be targeted under any circumstances, India stressed. India reiterated its opposition to attacks on commercial vessels. The nation supports dialogue and diplomacy to address the…

The Economic Times

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Weather Tomorrow, August 1: IMD issues heavy rain alert across several states; check Delhi-NCR, Gujarat, Himachal, Rajasthan and Maharashtra forecast

Weather Tomorrow: Monsoon conditions will remain active across India on August 1. Heavy to very heavy rainfall is forecast for north, central, and northeastern regions. Gujarat faces a red alert for extremely heavy rainfall in thirteen districts. Himachal Pradesh and Maharashtra anticipate active monsoon spells with potential heavy showers. Delhi-NCR…

The Economic Times

India closely monitoring US bill targeting buyers of Russian oil, says MEA

Focusing on national interests, India's energy procurement policy underscores the importance of energy security. With the proposed US sanctions bill against Russian oil importers on the radar, New Delhi is attentive to safeguarding its energy supplies. The country is dedicated to achieving reliable and affordable energy through diverse sourcing avenues…

The Economic Times

MEA says India's dual-use exports comply with laws after Amnesty report

India defended its export controls after Amnesty International raised concerns. The Ministry of External Affairs stated that dual-use item exports follow a robust legal framework. India regulates these exports according to its national laws and international commitments. This response addresses allegations of military supplies to Israel for Gaza operations. India…

The Economic Times

Modi hails Cabinet decisions on PM-Kisan extension, Khelo India expansion, key flagship schemes

Modi also welcomed the Cabinet's approval of the expanded Khelo India Scheme and the enhanced budget for Assistance to the National Sports Federations (ANSFs), with a combined outlay of Rs 36,441 crore over the next five years.

The Economic Times

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Companies from US, Europe, Japan among those keen to join India's chip making ecosystem: Official

Foreign companies from several nations show keen interest in India's semiconductor program. These global firms will explore partnerships and opportunities at the Semicon India event. India's government has approved a significant program to boost domestic chip manufacturing capabilities. Guidelines for the scheme are expected to be released within the next…

The Economic Times

Govt extends IFSC Authority Chairman K Rajaraman's tenure till Oct 2028

K Rajaraman's term as IFSCA Chairman has been extended by 27 months. He will continue in this role until July 31, 2026, or his 65th birthday. Rajaraman, who previously served as Secretary in the Department of Telecommunications, was first appointed in 2023. The International Financial Services Centres Authority was established…

The Economic Times

Maruti Suzuki bets big on alternative fuel with Rs 561 crore CBG push; sees margin recovery ahead

Maruti Suzuki India is investing ₹561 crore in four compressed biogas manufacturing projects. Higher raw material costs, aggravated by global conflicts, impacted quarterly profitability. The company's new Kharkhoda plant drove significant sales growth and improved market share. Net sales rose substantially, but net profit declined due to increased input expenses.…

The Economic Times

Nepal authorities extend curfew to Saptari district bordering India as communal unrest spreads

Nepalese authorities imposed an indefinite curfew in parts of Saptari district. Protests erupted over recent communal violence in neighboring Sunsari province. Eight individuals were arrested in Madhesh province for alleged involvement in spreading violence. Tensions persist in several districts after communal clashes claimed three lives. Security measures were intensified, and…

The Economic Times

India says around two dozen nationals still with Russian Army, urges citizens to avoid 'fraught' job offers

Around two dozen Indian nationals remain with the Russian Army, the Ministry of External Affairs stated. New Delhi continues to press Moscow for their release after securing 139 others. The government is engaged with Russian authorities for the release of remaining Indians. India has repeatedly urged Russia to discharge Indian…

The Economic Times

'Spider-Man: Brand New Day' becomes biggest Hollywood opener ever in India; collects Rs 61 cr on day 1

Spider-Man: Brand New Day achieved a record-breaking opening day in India. The film surpassed Avengers: Endgame's initial box office collections. It also became the biggest opener for the Spider-Man franchise. This Hollywood release secured the widest screen release ever in India. Analysts predict a strong opening weekend for the superhero…

The Economic Times

Government says 100 fabless semiconductor firms target is 'doable'

"Actually, this 100 number is doable. Right now, we have given approval to 24. But let us not put a number to any kind of scheme. Because it depends upon the credibility of the proposal," Sinha told on the sidelines of the India Fabless Semiconductor Design Acceleration Workshop.

The Economic Times

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The Economic Times

Bloomberg delays India bonds inclusion in global index as investors seek proof reforms work

Bloomberg Index Services has deferred a decision on including Indian government bonds in its Global Aggregate Index, saying recent market reforms need more time to prove their effectiveness for foreign investors. While acknowledging progress in trading access and tax changes, it wants smoother implementation before granting index inclusion.

The Economic Times

India likely to see below-normal rainfall in second half of monsoon: IMD

India's monsoon rainfall for August and September is predicted to be below normal. The India Meteorological Department forecasts precipitation at ninety-four percent of the long-period average. Rainfall across the country in August is also expected to remain below normal levels. This period is critical for the kharif cropping season's progress.…

The Economic Times

India bonds log first monthly loss in four as surging oil, Treasury yields sting

In July, Indian government bonds faced their first monthly loss after a four-month streak of gains. The surge in oil prices and rising U.S. Treasury yields led to a drop in bond prices, prompting foreign investors to sell off their holdings as the month concluded. Attention now shifts to the…

The Economic Times

State Bank of India's perpetual bond demand seen spurring more issuances, bankers say

State Bank of India's recent success in selling perpetual bonds is setting a positive precedent for other banks. With several lenders preparing for perpetual bond call options this fiscal year, they may be encouraged to initiate fresh debt offerings. This trend underlines banks' focus on bolstering capital buffers to foster…

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The Economic Times

India, China bore one-third of global 'bad' cholesterol burden in 2023: Study

High LDL cholesterol caused 3.6 million deaths globally in 2023. India and China bore one-third of this worldwide disease burden. The number of adults with elevated LDL-C levels significantly increased since 1990. Statins remain crucial for management but face underuse and access barriers. Strengthening primary healthcare and diagnostics is essential…

The Economic Times

Beyond property search: From documentation to maintenance, how India's online real estate experience is changing

Indian online real estate platforms are expanding beyond property discovery services. These companies now offer integrated solutions for the entire ownership journey. Customer expectations have shifted towards convenience and seamless digital experiences. Technology is enabling smarter property management and greater transparency for owners.

The Economic Times

RBI asks banks to install fake currency detection machines at branches along international borders

The Reserve Bank of India has directed banks to enhance counterfeit note detection. Branches near international borders must now have note authentication machines. All cash handling staff will receive training on security features by October 2026. Banks must analyze fake note data to identify trends and hotspots. This initiative aims…

The Economic Times

Cognizant hosts global OpenAI Codex Hackathon for 10,000 employees across six cities in India

Cognizant launched its first global Codex Hackathon with OpenAI. Ten thousand associates across six Indian cities participated in this event. This initiative aims to build practical AI solutions for enterprise customers. The company plans to extend participation to over fifty thousand associates soon. Cognizant previously set a Guinness World Record…

The Economic Times

India calls upon international community to look into Pakistan's brutal crackdown in PoJK

India has strongly criticised Pakistan's actions in Pakistan-Occupied Jammu and Kashmir. Reports indicate significant civilian casualties during recent local-body elections. New Delhi urged the international community to examine Islamabad's crackdown.

The Economic Times

Cockroach Janta Party plans nationwide grassroots movement to hold government accountable, says Saurav Das

The Cockroach Janta Party plans a nationwide movement for youth accountability. CJP led India's largest student protests in recent years. They aim to establish a grassroots organization with workers in every district. The movement will focus on issues like unemployment and food security. The CJP also continues to press for…

The Economic Times

India's forex reserves rise by $6.1 billion to two-month high of $682.35 billion as of July 24

India's foreign exchange reserves saw a significant rise of $6.1 billion. This increase brought the total reserves to $682.35 billion as of July 24. Previously, reserves had grown by $1.08 billion in the preceding week. Earlier this year, reserves reached a record high of $728.494 billion. However, reserves declined due…

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