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The Latest Breaking News from India

ChrysCapital acquires controlling 70.68% stake in Novartis' India listed unit in first majority pharma investment

ChrysCapital has acquired a controlling interest in Novartis India Limited, representing its inaugural investment in India's pharmaceutical landscape. Following this acquisition, the company is set to unveil a fresh name and corporate identity. Vikas Gupta has been appointed as the new CEO, with plans to create a competitive branded generics…

The Economic Times

Reliance ramps up diesel exports to Europe, Brazil in July, sources say

Reliance Industries sharply increased diesel exports to Europe and Brazil in July as global fuel markets tightened following the US-Iran conflict and Russia's diesel export ban. Higher shipments from Jamnagar helped bridge supply shortages, with Europe facing record diesel margins and dwindling inventories, while India's role as a key global…

The Economic Times

Rupee ends nearly flat at 95.68 vs USD, wedged between oil swings, RBI intervention

On Thursday, the Indian rupee remained stable, closing at approximately 95.68 against the dollar. The currency faced pressure due to fluctuating oil prices and heightened demand for dollars from corporations. However, intervention from the central bank likely prevented it from falling past the critical 96 level. Traders mentioned that importer…

The Economic Times

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Gold pulled India back from the edge of crisis 35 years ago

Thirty-five years after India pledged 67 tonnes of gold to avert a balance of payments crisis, the episode remains one of the defining moments in the country's economic history. The emergency gold airlift bought crucial time for the landmark 1991 economic reforms that transformed India from a licence-permit economy into…

The Economic Times

RIR Power Electronics ignites India's SiC revolution after successful NSE debut

RIR Power Electronics debuted on the NSE, enhancing its market presence. The company is significantly investing in Silicon Carbide manufacturing in Odisha. This strategic move supports India's semiconductor self-reliance goals. Construction of the cleanroom facility is complete, with production targeted for FY2027. RIR also secured its first international order for…

The Economic Times

Sonam Wangchuk is 'proud of Indian Railways'; praises Delhi-Srinagar Vande Bharat journey & describes Chenab Rail Bridge as 'beautiful experience'

Activist Sonam Wangchuk welcomed the Public Examinations (Amendment) Bill and urged the government to honour its written assurances. He expressed hope that the legislation would lead to broader reforms in India's education system beyond just examinations. Wangchuk also praised his Vande Bharat train journey from Delhi to Srinagar, describing the…

The Economic Times

India-EU FTA includes dedicated framework to address CBAM concerns, says commerce official

In the India-European Union free trade agreement, a proactive framework for a carbon border adjustment mechanism is established, aimed at providing essential support for Indian exporters, particularly those in the small and medium enterprise sector. This comprehensive agreement lays out a detailed work plan to guide India through the complexities…

The Economic Times

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Maritime leap: Building ports, building institutions

India has every ingredient needed to become a global maritime leader. The challenge is to build institutions that can think and plan for decades, not just years.

The Economic Times

SP, Congress glorified invaders instead of Indian heroes, created identity crisis: UP CM Yogi Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath criticized opposition parties for glorifying foreign invaders. He stated the BJP government has restored pride through development and honoring Indian heroes. The Chief Minister highlighted projects and schemes benefiting the people of Uttar Pradesh. He also claimed significant improvements in law and order across…

The Economic Times

Malls make a comeback: Retail space demand jumps 20%

India’s retail leasing activity grew 20% year-on-year to 3.9 million sq ft in the first half of 2026, despite inflation and geopolitical concerns. Fashion and apparel led demand with a 40% share, followed by food and beverage, entertainment, jewellery and homeware.

The Economic Times

Ajinkya Rahane: The quiet contributor

Ajinkya Rahane's retirement marks the end of one of Indian cricket's most understated careers. Despite leading India to a historic 2020-21 Test series victory in Australia, the former vice-captain often remained overshadowed. From his match-winning centuries at Lord's and Melbourne to his calm leadership, Rahane's legacy raises a lasting debate—was…

The Economic Times

Cost of four new Kudankulam reactors jumps 55% after Ukraine war delays

The cost of four new Kudankulam nuclear reactors has significantly increased. Construction delays, exacerbated by the Ukraine war, pushed back timelines by nearly three years. This cost escalation impacts the competitiveness of nuclear power in India's market. Similar global projects have also faced substantial expenditure hikes and delays. India aims…

The Economic Times

NLC India arm NIRL to set up 900 MW solar power project

NLC India's subsidiary NIRL has received an order for a 900 MW solar power project. This significant project was awarded through a competitive bidding process by Gujarat Urja Vikas Nigam. The electricity generated will be procured by GUVNL, supporting green energy initiatives. NIRL, established in 2023, manages NLC India's green…

The Economic Times

Ajinkya Rahane, an accidental captain, holds a rare cricket record that even MS Dhoni, Virat Kohli & Sachin Tendulkar couldn't match

Ajinkya Rahane Record: Ajinkya Rahane announced his retirement from international cricket today. He captained India six times in Tests and three times in ODIs. Rahane achieved four wins and two draws in Test matches as captain. He also secured three wins in his ODI captaincy appearances. This remarkable undefeated record…

The Economic Times

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The Economic Times

Indian employees AI-ready, but enterprise workflows holding them back: Report

Most Indian employees find AI improves their daily work experience significantly. However, only a third see AI embedded deeply within core systems. Disconnected systems cause employees to waste hours moving information weekly. Organizations can boost value by integrating AI into core business operations. Embedding AI into trusted systems will simplify…

The Times of India

Big rise in number of Indian students opting for France this year

As traditional overseas destinations tighten visa policies and restrict post-study work pathways, Indian students are increasingly turning their attention toward Europe. France, in particular, is experiencing a surge in interest, as evidenced by rising enrolment numbers.

The Economic Times

RBI sold about $7 billion to defend rupee on Friday

India's central bank sold approximately $7 billion to defend the rupee. The Reserve Bank of India intervened across markets as the currency neared a record low. This intervention followed a surge in crude prices impacting Asian oil importers. The RBI's actions helped lift the rupee further away from its all-time…

The Economic Times

Maruti Suzuki commences production at 4th plant at Gujarat facility with 250,000 units annual capacity

Maruti Suzuki began production at its fourth Hansalpur plant, boosting capacity to one million units. This expansion makes Hansalpur India's largest passenger vehicle manufacturing facility at a single location. The new plant will initially produce the company's flagship Battery Electric Vehicle, the e VITARA. Maruti Suzuki's total manufacturing capacity now…

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The Economic Times

'Rot in India's education system deep; Pradhan's resignation only beginning': Congress

India's education system, according to the Congress party, is riddled with deep-rooted challenges. They assert that the resignation of the education minister is only the first crucial move. Recently, a controversy surrounding engineering entrance exams in Maharashtra has emerged, prompting the party to examine the inconsistencies between exam scores and…

The Economic Times

Why India's college dream is turning into one of its costliest family investments

Student protests over the NEET paper leak have spotlighted India's booming private coaching industry and rising education costs. Household spending on education has outpaced income growth, while fierce competition for limited seats in top colleges has driven coaching demand, intensifying financial pressure on families and fuelling frustration among students.

The Economic Times

Brookfield launches $600 million renewable energy platform Lumara to accelerate India's clean power expansion

Brookfield has introduced Lumara, a new renewable energy platform aimed at transforming India's energy landscape. With an investment of about $600 million, Lumara will focus on solar, wind, and battery storage projects. This initiative seeks to streamline development processes while aiding decarbonization efforts for various sectors, thereby enriching Brookfield’s established…

The Economic Times

Maruti Q1 Results Preview: What could lead to a profit decline for India's largest carmaker?

Maruti Suzuki is expected to post strong Q1FY27 revenue growth of 31% YoY, driven by robust volumes and better realisations. However, the average estimates of six brokerages point to a 7% decline in net profit as higher commodity costs, increased discounts and lower other income weigh on margins. Investors will…

The Economic Times

"Resolve is to make India developed by 2047, build world's most powerful Air Force through self-reliance": MoS Defence Sanjay Seth

Seth said India has always believed in peace and the principle of Vasudhaiva Kutumbakam, but remains prepared to give a strong response to any challenge to its sovereignty and security.

The Economic Times

India's electronics, semiconductor production target to unlock major manufacturing opportunities: DPIIT Secy

As India is targeting a sharp expansion in electronics and semiconductor manufacturing, with annual production target of USD 500 billion by 2030 and USD 5.3-8 trillion by 2047, the country is expected to unlock significant manufacturing opportunities, said Amardeep Singh Bhatia, Secretary, Department for Promotion of Industry and Internal Trade…

The Economic Times

India, Germany to sign the Rs 90,000 crore submarine deal for Indian Navy soon, says German envoy Philipp Ackermann

India and Germany are close to signing a submarine deal soon. This agreement will allow for six advanced submarines to be built in India. The German Type 214 submarine design will form the basis of this project. This collaboration aims to strengthen the Indian Navy's underwater capabilities significantly. The deal…

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