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The Latest Breaking News from India

‘Every day of war sets humanity back’: PM Modi urges Russia’s Putin to end hostilities

Prime Minister Narendra Modi met with President Vladimir Putin at the Shanghai Cooperation Organisation summit, where he expressed that war detracts from human advancement. He highlighted the importance of moving towards peace and reconciliation. Their discussions are anticipated to revolve around key areas such as defense collaborations, energy exchanges, trade,…

The Economic Times · Aug 31

Semicon 2.0 takes shape; Zomato’s Hyderabad layoffs

The government has notified Semicon 2.0 to boost India’s semiconductor ecosystem. This and more in today's ETtech Top 5.

The Economic Times · Aug 31

South Central 90: India’s new anti-reservation drama, CM Vijay’s Parandur decision

Was scrapping the Parandur airport project the right call for Chennai, or could the Vijay government’s decision hurt Tamil Nadu’s industrial ambitions?

Newslaundry · Aug 31

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Chennai’s rain gets a market price: NCDEX launches RAINCHNNAI weather derivatives futures contract

NCDEX launched RAINCHNNAI, a futures contract allowing market participants to hedge Chennai’s Northeast Monsoon risks. Utilizing a Cumulative Deviation Rainfall model, it complements the RAINMUMBAI contract, providing a complete monsoon risk management cycle from June through December.

The Economic Times · Aug 31

Mahindra Aerostructures bags contract to manufacture parts for Airbus A320 plane

Mahindra Aerostructures will manufacture and supply fuselage skins for Airbus A320 aircraft. These components will cover the rear fuselage and tail sections of specific aircraft models. Manufacturing will occur at Mahindra's Bengaluru facility for delivery to Germany. This contract strengthens India's role in the global aerospace supply chain. Advanced manufacturing…

The Economic Times · Aug 31

India 10-year bond yield sees biggest monthly rise in FY27 on rising rate hike bets

On Monday, Indian government bonds faced a notable drop, reflecting market unease. The benchmark 10-year yield marked its sharpest monthly increase of the fiscal year, fueled by rising oil prices and the Reserve Bank of India's aggressive monetary policy. Additionally, the Federal Reserve's recent indications added pressure on the bond…

The Economic Times · Aug 31

School holiday tomorrow, September 1, 2026: Check state-wise holiday status amid heavy rain

School holiday tomorrow, September 1: Students and parents are checking whether schools will remain closed as heavy rainfall continues to affect several parts of India. Satna has already announced a school closure, while Uttarakhand and other rain-affected regions are relying on district-level decisions. The IMD has warned of heavy to…

The Economic Times · Aug 31

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Kotak Mahindra Bank recommends two internal candidates for CEO, sources say

Kotak Mahindra Bank has recommended two internal candidates to succeed its CEO. Executive directors Anup Saha and Paritosh Kashyap were named for the role. These recommendations are for the Reserve Bank of India's approval. The current CEO's term concludes on December 31, 2026. The bank aims to accelerate its growth…

The Economic Times · Aug 31

In 1864, an Indian Maharaja built a 368-foot well in a drought-hit English village; the story behind Stoke Row’s ‘Maharaja’s Well’

An Indian Maharaja graciously financed a deep well for an English village dealing with severe water scarcity. This philanthropic gesture brought essential water access and encouraged growth within the community. The well is embellished with a striking pavilion and a golden elephant, reflecting its Indian roots. Additionally, the Maharaja remained…

The Times of India · Aug 31

Market wrap: Sun Pharma, Nestle India, ITC, Adani Ports top gainers and losers on Nifty and Sensex on Monday

Indian benchmark indices ended lower on Monday, with the Sensex falling 307 points and the Nifty50 declining 0.39% amid rising US bond yields, crude oil prices and renewed rate-hike concerns. Adani Enterprises and Adani Ports led the losers, while Sun Pharma and Nestle India were among the top gainers.

The Economic Times · Aug 31

India rejects Indus Waters award, says treaty remains in abeyance; ‘illegal’ court has no say in its actions

In a significant move, India has turned down the arbitration decision related to the Indus Waters Treaty, asserting that the arbitration body formed by the World Bank was not legitimate. Staunchly opposing all previous rulings made by this body, India has never recognized its legal authority. Therefore, the nation's position…

The Economic Times · Aug 31

India's fiscal deficit for April-July at Rs 4.55 lakh crore, narrows to 26.8% of FY27 aim

India's fiscal deficit reached 4.55 lakh crore rupees through July. This figure represents 26.8% of the annual budget estimates for this year. The deficit narrowed significantly compared with year-earlier period. Total receipts stood at Rs 13.06 lakh crore rupees during this time. Overall expenditure also amounted to Rs 17.62 lakh…

The Economic Times · Aug 31

India’s Q1 GDP growth quickens to 7.8% as consumption, capex offset US-Iran war shock

India’s GDP grew 7.8% in Q1 FY27, slower than the revised 8.6% in Q4 FY26, but faster than the revised 6.9% in Q1 FY26. The Q1 growth beat the 7.3% Economic Times poll estimate and the RBI’s 7% projection.

The Economic Times · Aug 31

“We want to expand and diversify our trade basket”: PM Modi after meeting Iran President Pezeshkian in Bishkek

Prime Minister Modi met Iranian President Pezeshkian in Bishkek. They committed to strengthening India's long-standing friendship across diverse sectors. Both leaders aim to expand and diversify bilateral trade in the coming times. They also discussed the prevailing regional situation and lasting peace efforts. India will continue supporting initiatives for uninterrupted…

The Economic Times · Aug 31

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The Economic Times · Aug 31

No smartphone, no internet, no problem: PhonePe launches UPI 123Pay to let 200 million+ feature phone users make digital payments; here’s how it works

PhonePe has unveiled UPI 123Pay, a new service for feature phone users that enables seamless transactions without an internet connection. The initiative targets more than 200 million users, helping expand access to digital payments across India. It supports both peer-to-peer and merchant payments using mobile numbers or UPI IDs, with…

The Economic Times · Aug 31

Indian Oil ramps up LPG output 30% as Hormuz disruption tests India’s energy security

Indian Oil Corporation increased LPG production by nearly thirty percent. Refineries operated above full capacity to ensure energy supply continuity. The company diversified crude sourcing and adjusted refinery operations. Record operating performance was achieved for the year ended March 2026. Investments are increasing to expand refining capacity and diversify energy…

The Economic Times · Aug 31

Systematix initiates coverage on 5 affordable housing finance stocks; sees up to 48% upside

Systematix Research has initiated coverage of five affordable housing finance companies with Buy ratings, seeing 28-48% upside from current levels. The brokerage expects the sector to benefit from low mortgage penetration, rising incomes and urbanisation, with most covered companies projected to deliver loan growth in the low-to-mid-20% range through FY29.

The Economic Times · Aug 31

Over 40,000 reforms carried out in last decade for ease of business; Gujarat emerges as front-runner: DPIIT Secy

State governments have implemented over 40,000 reforms in the past decade. Gujarat leads these efforts, enhancing the ease of doing business significantly. India is recognized as a fast-growing economy and attractive investment destination. Government initiatives and free trade agreements promote industrial competitiveness and quality. Gujarat aims for a USD 3.5…

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France 24 · Aug 31

Nepal rescue teams seek hundreds of workers trapped in hydropower tunnels by deadly floods

Supported by experts from China and India, Nepal's rescue teams on Monday endeavoured to reach hundreds of workers believed to be trapped in hydropower tunnels blocked by the devastating flood of mud, water and debris that swept through the Himalayan region last week.

The Economic Times · Aug 31

Why India’s new closing auction is agonising traders: Q&A

India’s new 20-minute closing auction system is facing renewed scrutiny after the Sensex briefly plunged nearly 3% during Thursday’s session, highlighting concerns over thin liquidity and price volatility. Introduced on August 3 to improve price discovery and align India with global markets, the system has also come under SEBI’s lens…

The Economic Times · Aug 31

Explained: Why Jefferies prefers Kaynes Tech shares over Dixon Tech; urges caution on Syrma SGS

Jefferies prefers Kaynes Technology over Dixon Technologies as India pushes to deepen domestic electronics component manufacturing. The brokerage has a Buy rating on Kaynes Tech, while maintaining Hold calls on Dixon and Syrma SGS Technology. It expects stronger competition for mobile assembly players and advises caution on Syrma after its…

The Economic Times · Aug 31

Groww AMC announces closure of State Street Investment Management’s strategic investment

Groww AMC has completed State Street Investment Management’s strategic investment after receiving all necessary regulatory approvals. State Street now holds a 4.85% voting interest and 23% economic interest in Groww AMC, with the partnership set to strengthen its capabilities across ETFs, indexing, systematic investing and global market access.

The Economic Times · Aug 31

From N Chandrasekaran to Campbell Wilson: A look at some of India Inc’s biggest names who are walking out in 2026

India's corporate landscape sees significant leadership changes in 2026. Several high-profile executives are departing from major companies like Tata Sons and HDFC Bank. This leadership churn indicates a period of transition for India Inc. Meanwhile, influential tech leaders are moving to AI companies like OpenAI. These shifts highlight evolving strategies…

The Times of India · Aug 31

SCO Summit: PM Modi holds bilateral meeting with Armenian PM Pashinyan in Bishkek

Prime Minister Narendra Modi met Armenian Prime Minister Nikol Pashinyan during the SCO Summit. India and Armenia are expanding defense cooperation significantly with new equipment procurements. PM Modi also met with community members and received a book. He is scheduled to meet Iranian and Russian Presidents later. Tomorrow, PM Modi…

The Economic Times · Aug 31

Meet Krishna Seshadri: Mumbai man praised by PM Modi for BharatRajya, a website mapping 800 years of Indian history that he built using Claude AI despite having no coding skills

Mumbai resident Krishna Seshadri built BharatRajya, an interactive historical atlas mapping India’s history across more than 800 years, despite having no coding background. He used Claude AI to turn his 15-year-old idea into a working historical atlas, which Prime Minister Narendra Modi explored and praised during Mann Ki Baat.

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