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The Latest Breaking News from India

Alcohol-in-beverage: Karnataka leads India’s next liquor tax experiment

Karnataka becomes India's first state to adopt an Alcohol-in-Beverage excise duty structure. This new policy, effective May 11, deregulates government-administered price fixation. Producers now set prices based on market factors and alcohol content within eight rationalized slabs. The aim is to offer consumers cheaper liquor and maintain competitive prices with…

The Economic Times

‘Log ab thali nahi bajayenge’: Entrepreneur says austerity measures won’t work in long run, warns rupee may crash to Rs 150 against dollar

Jayant Mundhra, founder of Biz News+, warns India's rupee could fall to Rs 150 against the US dollar due to heavy import reliance. He argues the nation is becoming a consumer economy, spending billions on foreign technology and products instead of fostering domestic manufacturing and innovation.

The Economic Times

West Bengal committed to handover land to BSF within 45 days for border fencing: Minister

West Bengal minister Ashok Kirtania assured land handover to BSF within 45 days for border fencing. While progress is satisfactory in North 24 Parganas, resistance in Basirhat's fencing areas requires resolution within a week. The state government aims to complete the fencing of the India-Bangladesh border, with approximately 569 km…

The Economic Times

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India’s 'China-plus-one' push needs tax ease and fast-track FTAs with developed nations: Arvind Virmani

India must reform its tax system and streamline clearances to attract global investments moving away from China. Economist Arvind Virmani emphasizes prioritizing Free Trade Agreements with developed nations. This strategy aims to integrate India into global value chains. The focus is on leveraging India's growing workforce and market potential alongside…

The Economic Times

India's gems, jewellery exports down 9.07 pc in April at $2,226.45 million

India's gems and jewellery exports saw a 9.07% decline in April, totaling USD 2,226.45 million. This downturn is attributed to the West Asia conflict and uncertainties regarding US tariffs. Key segments like cut and polished diamonds, lab-grown diamonds, and gold jewellery experienced significant drops, though silver jewellery exports surged.

The Economic Times

NTPC chief cautions against dependence on single supplier for nuclear technology

India's ambitious 100 GW nuclear power plan requires careful supplier selection. NTPC Chairman Gurdeep Singh advises against over-reliance on any single country for nuclear technology. He stresses prioritizing domestic control, even if initial costs are higher. Clear rules and guidelines are essential for converting policy into investment.

The Economic Times

More women, freshers migrating for better blue, grey-collar jobs: Report

The Economic Times

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West Bengal rice industry seeks infra push, faster clearances from new BJP govt

West Bengal's rice sector urges the new state government for better infrastructure and quicker approvals. Industry leaders highlight the need for improved rural roads, electricity, and a single-window clearance system. They also advocate for a dedicated Rice Industry Development Board. Enhanced rail and port connectivity is crucial for boosting exports…

The Economic Times

What does an import restriction mean for silver investments?

India’s move to restrict silver imports and raise duties is expected to push up domestic prices by increasing premiums over global benchmarks. While global prices may remain stable, Indian investors could pay more for physical silver. Analysts say the MCX-LBMA spread will be key to tracking the impact.

The Economic Times

'Vibrant Democracy': India trashes allegations on declining minority rights, media freedom

India has strongly refuted claims of diminishing media freedom and minority rights. Officials state the nation is a thriving democracy ensuring free speech for all citizens. India's rich history and diverse religious landscape are highlighted as proof of its inclusive nature. The country's commitment to democratic principles and economic progress…

The Economic Times

CBSE launches helpline, email support to assist students with post-result queries

CBSE has launched helplines and email support for student queries. The Class XII results are out with an 85.20% pass rate. Girls outperformed boys. A new policy makes three languages compulsory for Class IX from July 1, 2026. Two of these must be native Indian languages. No board exam will…

The Economic Times

IAF begins process to replace VIP transport fleet, issues RFI for new long-range business jets

The Indian Air Force is starting to replace its old VIP transport planes. They have issued a request for information to buy four to six new Long Range Business Jets. These jets will provide secure and fast travel for senior military leaders and government officials. The current fleet is nearing…

The Economic Times

PFC board clears next step for REC merger, seeks govt approval

Power Finance Corporation has taken a key step toward merging with REC Limited after its board approved seeking the President of India’s nod for the transaction. PFC has authorised CMD Parminder Chopra to seek formal approval. The merger will be based on a share swap ratio determined by valuers, while…

The Economic Times

India-Netherlands engagement deepens as EAM Jaishankar meets Dutch counterpart

India and the Netherlands have elevated their ties to a Strategic Partnership. External Affairs Minister S Jaishankar met Dutch Foreign Minister Tom Berendsen. The leaders discussed trade, innovation, and people-to-people connections. They also addressed the Ukraine war and the situation in West Asia. The Netherlands will join the Indo-Pacific Oceans…

The Economic Times

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The Economic Times

India becomes largest market for KitKat globally for Nestle

India is now the world's biggest market for KitKat. This iconic chocolate wafer bar has seen accelerated growth. Nestle India attributes this success to strong consumer reach, new product launches, and increased marketing. KitKat's performance is a significant boost for Nestle's confectionery business. The brand's journey from tenth to first…

The Times of India

A 2,000-year-old stone maze discovered in India could change what we know about ancient Rome links

A mysterious circular stone structure discovered in the grasslands of Maharashtra is drawing major attention from archaeologists and historians across the world. Hidden in the Boramani grasslands of Solapur district, the formation is now believed to be India’s largest circular labyrinth, with experts estimating that it could be more than…

The Economic Times

Satwik-Chirag save four championship points before settling for Thailand Open runner-up finish

Indian badminton stars Satwiksairaj Rankireddy and Chirag Shetty fought hard in the Thailand Open Super 500 men's doubles final. They saved four championship points against Indonesia's Leo Rolly Carnando and Daniel Marthin. The Indian pair ultimately finished as runners-up after a close contest. This marks another strong performance for the…

The Economic Times

NRI investors eye leaseback and managed home models amid currency advantage

NRIs are shifting from emotional, passive ownership of Indian real estate to more deliberate, outcome-driven investment. Driven by a weaker rupee and easier digital transactions, they now seek structured solutions like leasebacks for pure investment or managed homes for lifestyle convenience, addressing the challenges of remote ownership.

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The Economic Times

India may negotiate Iran-backed oil corridors as Hormuz recovery looks distant: Moody’s

India and other nations will seek energy supplies through direct talks. A full return to pre-conflict shipping levels through the Strait of Hormuz is not expected by 2026. This will lead to gradual, but slow and uncertain, improvements in energy transit. Higher and volatile oil prices will impact economies.

The Economic Times

India's trade deficit pressures could persist through 2026 as electronics imports surge, export outlook stays fragile

Indias trade deficit faces pressure in coming months. Elevated crude prices and supply disruptions impact exports. A potential global demand slowdown adds to concerns. Rupee depreciation may offer some support. A recent hike in bullion import duty could provide near-term relief to the deficit. Electronics deficit reached an all-time high.

The Economic Times

India must push solar, grid reforms to navigate oil price rise: Ex-NITI Aayog member Arvind Virmani

The Economic Times

FTAs, lower import duties, better business environment to boost net FDI flows: ADB chief economist

Foreign investment in India needs a boost. ADB Chief Economist Albert Park suggests free trade agreements and lower import tariffs. Strengthening manufacturing infrastructure and urban planning will attract more capital. Higher oil prices are expected to persist, impacting India's GDP growth and inflation. Reforms are ongoing, and continued momentum is…

The Economic Times

Great Nicobar project a recipe for ecological disaster: Jairam Ramesh to Defence minister

Congress leader Jairam Ramesh has alerted Defence Minister Rajnath Singh about the Great Nicobar Island Project. He states the project in its current form is a recipe for ecological disaster. Ramesh suggests alternative measures proposed by naval officers to strengthen India's defence. These alternatives would cause less damage to the…

The Economic Times

IAF’s made-in-India C-295 ready for flight trials, deputy air chief inspects aircraft at Tata-Airbus Vadodara facility

India's defense manufacturing takes a leap forward. The first domestically assembled Airbus C-295 aircraft is now ready for its flight test. This milestone was achieved at the Tata-Airbus facility in Vadodara. The project is a significant part of the Make in India initiative. India has become the largest customer for…

The Economic Times

Rejected by US visa, welcomed by NASA: Meet Dr. Anand Megalingam, a tractor driver's son, who built one of India’s rising space-tech cos

Dr. Anand Megalingam's journey from a rural Indian village to NASA-linked aerospace programs highlights resilience and innovation. Despite early struggles and a denied US visa, he founded Space Zone India, achieving breakthroughs with reusable rockets like RHUMI-H and RHUMI-1. His international recognition underscores India's growing private space sector.

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