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The Latest Breaking News from India

"Don't buy the consumption story blindly", Sakshi Gupta of HDFC Bank issues a warning most investors are ignoring

HDFC Bank's Sakshi Gupta sees India's growth as resilient but incomplete, rating it a 6 out of 10. While acknowledging strong GDP, she cautions against blindly buying the consumption narrative, deeming it fragile. Gupta highlights the need for structural reforms to boost private investment and suggests foreign capital may return…

The Economic Times

India-crewed tanker hit near Iran, MEA says communication between ship & US Navy preceded strike

The US military fired on a tanker carrying 24 Indian crew members. This happened as the US enforces a blockade of Iranian ports. India's Ministry of External Affairs confirmed communication occurred before the incident. The vessel was disabled off Oman. Indian nationals were safely rescued with Omani assistance. The tanker…

The Economic Times

Global tech major Salesforce to skill one million learners with AI-focused skills by 2030

Global tech firm Salesforce will train one million Indians in AI skills by 2030. This initiative, launched in Hyderabad, will use government programs, virtual internships, academic centers, and partner networks. The company aims to prepare India's workforce for the future of artificial intelligence. This commitment marks a significant step in…

The Economic Times

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We want to foster peace, stability for people of Afghanistan: MEA reaffirms India's commitment to Afghan development

India continues its strong support for Afghanistan, reaffirms MEA. The nation is focused on peace, stability, and development. This includes ongoing humanitarian assistance and development cooperation. India provides food security, healthcare, and educational opportunities. These initiatives benefit all Afghan citizens, including women and children. India urges global community to hold…

The Economic Times

Nepal govt restricts imports of mangoes from India

Nepal has banned Indian mango imports citing pesticide levels and inadequate border quarantine. This move boosts local farmers who now face no competition. However, domestic production might not meet the country's demand. Traders warn of shortages and price hikes. They suggest improved testing instead of a complete ban. Similar issues…

The Economic Times

Hafta letters: Questions for PM, 2029 elections, digital media’s reach

Vijay

Newslaundry

Indian founder Swapnil Srivastav gets rejected for US visa for 'not enough ties to home country'

Indian entrepreneur Swapnil Srivastav, a co-founder of a bamboo-based kids' wear brand, shared the experience of getting his US visa for tourism purposes, getting rejected over inadequate ties to India. "I built a Series A company from scratch, employ 100+ people, have backing from top VCs and investors, and serve…

The Times of India

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India 10-year bond logs best close in 7 weeks as oil prices ease

The Indian bond market celebrated a notable milestone, achieving its highest closing point in seven weeks, primarily thanks to the recent drop in crude oil prices that has elevated market confidence. This surge aligns with the central bank's efforts to stimulate foreign investment, with overseas investors snapping up $800 million…

The Economic Times

GDP growth momentum intact, no need for additional borrowing so far: Govt sources

India's economy is navigating external challenges like rising import costs. However, domestic consumption remains strong, ensuring growth momentum. Government sources indicate no immediate need for extra borrowing. Disinvestment and asset monetisation are being pursued to boost non-tax revenue. Macroeconomic data will be reassessed in July. Reforms to boost foreign investment…

The Economic Times

India scores 6-7/10 on growth durability, but the real problem runs deeper, says Nomura's Aurodeep Nandi

India's strong GDP growth hides underlying fragilities. Economist Aurodeep Nandi warns that without boosting domestic demand and investing heavily in research and development, India risks falling into the middle-income trap. Current growth relies on top-tier consumption and services exports. Manufacturing and private investment lag. This structural shift is crucial for…

The Economic Times

From tax exemption to FCNR(B) deposits: How India is trying to attract foreign capital

India is taking steps to attract foreign investment and boost its economy. The Reserve Bank of India and the government have introduced new measures. These aim to bring in more dollars and stabilize the rupee. The initiatives include special swap facilities and tax exemptions for foreign investors. These actions are…

The Economic Times

Extreme heatwaves: Indians struggle and suffer from water shortages

In late April, 98 of the world's 100 hottest cities were located in India. From mid-April to May 2026, daily maximum temperatures exceeded 46°C across large parts of the country. During extreme heat, lack of access to cooling can mean the difference between life and death in the world's most…

France 24

Arrested TMC leader Jahangir Khan remanded to 5 days police custody by court

Trinamool Congress leader Jahangir Khan has been arrested and remanded to five days police custody. Khan was apprehended near the India-Nepal border. He had previously contested the Falta assembly seat. The court ordered custody following multiple FIRs. Khan had sought and received interim protection from the High Court earlier. Public…

The Economic Times

India, Nepal launch UPI-NPI linkage for real-time cross-border remittances

India and Nepal have unveiled a direct payment link between their respective UPI and NPI systems, revolutionizing cross-border remittances. This partnership by NPCI International and NCHL allows instant, secure, and affordable money transfers via mobile numbers or virtual payment addresses, benefiting families and fostering financial inclusion. The initiative aims to…

The Economic Times

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The Economic Times

Mamata Banerjee meets Sonia Gandhi amid rebellion in Trinamool Congress

Trinamool supremo Mamata Banerjee met senior Congress leader Sonia Gandhi. The meeting followed an INDIA bloc gathering and Trinamool's recent election defeat. Discussions focused on future party strategies. This comes amid internal Trinamool dissent and a move by some members to align with the NDA. The leaders shared a warm…

The Economic Times

India's growth story is real, but 6.5% won't make us Viksit Bharat, warns Garima Kapoor, Elara Securities

India's current 6.5% growth is comfortable but insufficient for its 2047 aspirations, requiring 7.5-8% growth. A lack of corporate investment is the primary hurdle, despite government and consumer demand. However, global reindustrialization and new trade deals offer optimism. Foreign investors are wary due to weak earnings growth relative to India's…

The Economic Times

India weighs action against HAL for delayed Tejas fighter deliveries

In light of ongoing delays in the delivery of Tejas Mk1A fighter jets, the Defence Ministry is contemplating penalties for Hindustan Aeronautics Limited. To date, the Indian Air Force has yet to receive a single Tejas Mk1A, despite HAL having procured engines and structural elements. The Ministry insists on HAL…

The Economic Times

Golden day in India’s infrastructure history, says Gadkari after Zojila tunnel breakthrough

Exciting news from the Zojila tunnel project! Union Minister Nitin Gadkari has declared a transformative day for India's infrastructure landscape. This 14 km tunnel is poised to serve as a vital connection for the regions of Jammu and Kashmir and Ladakh, ensuring all-weather passage.

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The Economic Times

We've crossed the line once and can do it again: Jemimah Rodrigues on upcoming T20 World Cup

India's women's cricket team is confident ahead of the T20 World Cup. Following their ODI World Cup victory, players believe they can win again. The team is in England for the tournament. They aim to make winning a habit. The squad combines experienced players with new talent. Their preparation has…

The Economic Times

Rupee gains as oil retreat soothes, inflow expectations erode weakening bias

The Indian Rupee strengthened on Tuesday due to falling oil prices. Regulatory measures are expected to reduce India's balance of payments deficit. Asian currencies also saw gains. Brent crude prices dropped after Iran and Israel halted attacks. Elevated oil prices pose risks to India's economy.

The Economic Times

FPI inflows into FAR securities rise by Rs 8,795 cr after govt tax exemption move

Foreign investors are pouring money into Indian government bonds. This follows a tax exemption on interest and capital gains for investments in Fully Accessible Route securities. The government's move aims to attract foreign capital and support the rupee. These measures are opening up India's bond market to global investors. This…

The Economic Times

How a prisoner created India’s first rainwear brand by studying ducks and built a company that now serves the IAF, Navy

An Indian freedom fighter's prison experience sparked an idea for local rainwear. Surendra Mohan Bose founded Duckback, India's first rainwear brand, inspired by ducks. This company, born from a shed in Kolkata, now produces specialized equipment for the Air Force and Navy. Duckback's journey highlights self-reliance and over a century…

The Economic Times

Mohammed Siraj rested for Ireland, England T20Is; Prasidh Krishna drafted in

Pacer Mohammed Siraj will miss the T20 series in Ireland and England. The BCCI has given him a break for workload management. Prasidh Krishna is his replacement for both tours. This decision ensures Siraj is fresh for upcoming challenges. India's focus on bowler workload is evident. The team management and…

The Economic Times

India's gold tariff hike fuels smuggling revival, squeezes banks and refiners

India's decision to raise gold import duties to 15% is triggering a fresh surge in smuggling, as illegal operators exploit a widening price gap with the formal market. Industry participants estimate illicit gold inflows could top 100 tonnes this year, hurting legal imports, refiners and government tax revenues.

The Economic Times

Modi 3.0 anniversary: Congress jabs govt with 'promise versus reality' document

The Congress party has released a document critiquing the Modi government's performance over the past 12 years. The party claims that grand announcements have not translated into tangible improvements for citizens. Key areas of concern include the economy, job creation, and social welfare programs. The Congress highlights perceived failures in…

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