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The Latest Breaking News from India

These Indian Birds Secretly Change Colours in Sunlight

India’s forests, wetlands, and skies hide some of the most magical birds on Earth. At first glance, they may look ordinary. But the moment sunlight touches their feathers, something extraordinary happens. Blue suddenly turns turquoise. Green flashes into gold. Black transforms into metallic purple. These birds do not simply wear…

Times Pets

Rupee hits record low of 95.85/USD as energy risk worries deepen

The Indian rupee reached an all-time low on Thursday, driven by elevated oil prices and continuous foreign portfolio outflows. This has created strain on India's current and capital accounts, with the currency particularly vulnerable due to its heavy reliance on oil imports, especially if the Iran conflict persists.

The Economic Times

India’s top banks failing to tackle climate risk as threats grow

India's major banks are disclosing more climate data but not using it for lending decisions. Physical climate risks like floods and heat are worsening, impacting bank portfolios. Few banks conduct climate stress tests or phase out coal lending. The Reserve Bank of India is providing data but not mandating disclosures.…

The Economic Times

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The Traitors India is now on BBC iPlayer. Is it worth watching?

While the show’s core mechanics remain unchanged, the casting and tone mark a significant departure from the British version hosted by Claudia Winkleman

The Independent UK

Crude@$100+: The Rs 3 lakh crore power boom you might be missing

The US-Israel-Iran conflict has significantly boosted India's power and energy stocks, with Nifty Energy's market cap rising by Rs 3 lakh crore as Brent crude exceeds $100. Foreign investors are pouring into power generation and transmission, viewing it as a macroeconomic hedge. Companies like Adani Power and BHEL are leading…

The Economic Times

Sensex surges over 800 points to cross 75,400; Nifty above 23,650 despite weak rupee

In a recent turn of fortunes, Indian stock markets experienced a notable rise for the second consecutive day. On Thursday, both the Sensex and Nifty indices surged as trading commenced, despite soaring oil prices and the rupee inching closer to all-time lows. Bharti Airtel's stock was a standout performer, propelling…

The Economic Times

Explained: Why Balrampur Chini, Dhampur Sugar, other stocks tumbled up to 4% on Thursday

Sugar stocks declined up to 4% on Thursday after India prohibited sugar exports with immediate effect until September 30. This move comes as domestic production is expected to fall below consumption for the second consecutive year, leading to the lowest stock levels since 2016-17. Exports under specific tariff rate quotas…

The Economic Times

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‘A passion, but also a gamble’: why India’s gen Z are cashing in on the trend for secondhand fashion

Faced with rising costs and a lack of jobs, many young Indians are turning an online side hustle into a successful income – but the informal work isn’t always plain sailing

The Guardian - UK

US to impose visa curbs on 13 people linked to Indian firm over fentanyl

America has placed visa restrictions on thirteen individuals connected to Indian online pharmacy KS International Traders. These individuals are linked to the company for selling fake prescription pills containing fentanyl. The U.S. State Department stated the company generated revenue through trafficking this dangerous substance. This action follows previous sanctions against…

The Economic Times

'Too much Vishnu': Banker Uday Kotak says India needs more of Brahma and Mahesh to become a powerful economy

Veteran banker Uday Kotak urged India to embrace innovation and disruptive thinking to become a powerful economy, warning that excessive focus on preservation could hinder its rise. He emphasized the need for more creation and destruction, akin to Brahma and Mahesh, to drive economic change in a world increasingly defined…

The Economic Times

Indian pharma firms flood west Africa with powerful opioids despite crackdown: AFP investigation

Indian pharmaceutical firms are exporting millions of dollars worth of powerful tapentadol opioids to West Africa, fueling a deadly drugs epidemic, according to an AFP investigation. Researchers found these high-strength pills are being added to the addictive "zombie drug" kush, leading to a surge in overdose deaths and addiction across…

The Economic Times

Petrol, Diesel Price Today: Check fuel rates in Delhi, Mumbai, Kolkata as sugar exports halted, milk gets costlier and gold import duty doubled

Petrol, Diesel Price (May 14): Petrol and diesel prices remain stable in India despite rising global crude oil costs and West Asian conflict. Oil marketing companies are absorbing significant daily losses, while the government has banned sugar exports to control domestic prices. Milk has also become costlier, and gold import…

The Economic Times

PM Modi to leave on five-nation tour tomorrow, discussions in UAE to also focus on strengthening energy security

Prime Minister Narendra Modi begins a five-nation tour tomorrow. The visit aims to strengthen India's ties with the UAE and four European nations. Discussions will focus on energy, defense, and technology. The tour includes the UAE, Netherlands, Sweden, Norway, and Italy.

The Economic Times

Gold edges up on weaker dollar ahead of Trump-Xi talks

Gold prices saw a slight increase on Thursday, influenced by a weakening dollar as investors closely watched the high-stakes meetings between U.S. President Trump and China's Xi Jinping. Meanwhile, U.S. producer prices surged, signaling accelerating inflation, while gold discounts in India reached a record high amid weak demand.

The Economic Times

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The Economic Times

India-bound LPG tanker MV Sunshine crossing Strait of Hormuz; Indian Navy, agencies provide all support: Sources

The India-bound LPG tanker MV Sunshine is safely navigating the Strait of Hormuz. The Indian Navy is providing support for its secure passage. Iran's Deputy Foreign Minister stated that peace in the Strait of Hormuz would improve safety. He also mentioned that Iran welcomes any Indian initiative to reduce regional…

The Economic Times

Ex-Peak XV trio raises Mettle; Fintechs go licence hunting

Happy Thursday! Three former Peak XV MDs, who abruptly left the VC firm, are launching Mettle Capital to back Indian startups. This and more in today's ETtech Morning Dispatch.

The Economic Times

Need over ₹2 crore for foreign education? From scholarships to SIPs - know the smart ways parents can plan for expensive foreign degrees

The escalating cost of foreign education, often underestimated by Indian parents, necessitates early financial planning. Beyond tuition, accommodation, insurance, and currency fluctuations significantly increase expenses. Experts advise long-term investing through SIPs, considering education inflation and currency depreciation, to fund overseas studies effectively.

The Economic Times

India bans sugar exports until September 2026 to cool local prices

India has banned sugar exports until September 2026. This decision aims to manage domestic prices. The ban will impact global sugar markets, potentially benefiting Brazil and Thailand. Traders with existing contracts face challenges. Shipments already in the export pipeline will proceed under specific conditions. This move reflects concerns about domestic…

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The Economic Times

Activate picks stake in ElevenLabs in first global growth-stage AI bet

Venture capital firm Activate has made its first global growth-stage AI investment in ElevenLabs. This New York-based voice AI company considers India a key market. Activate will partner with ElevenLabs in India to strengthen enterprise relationships and offer early-stage Indian startups access to its voice infrastructure. ElevenLabs is experiencing rapid…

The Economic Times

Fintechs trade the wild west for regulatory licences

India's leading fintech firms, once disruptors, are now actively seeking regulatory licenses to ensure sustainable growth. Companies like PB Fintech, Mobikwik, and Paytm are pursuing multiple licenses across payments, lending, and wealth management. This strategic shift allows them to manage the entire customer lifecycle and capture greater revenue, driven by…

The Economic Times

Ex-Peak XV trio launches Mettle Capital, targets $350–400 million fund to back Indian startups

Three former Peak XV Partners, Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma, have launched Mettle Capital. The new venture capital fund aims to raise $350-400 million. Mettle Capital will invest in Indian startups at Series A and B stages, with selective seed bets. The fund plans to close its fundraising…

The Economic Times

Scoop: Ex-Peak XV trio launches Mettle Capital, targets $350–400 million fund to back Indian startups

The Economic Times

For Meta AI, India tops the global charts: Will Cathcart

India leads globally in Meta AI's monthly active users on WhatsApp, with conversations surging post-Muse Spark launch. To enhance privacy, WhatsApp is introducing an 'incognito mode' for AI chats, allowing users to interact without sharing personal data, though this impacts model training.

The Economic Times

Sreejesh slams HI after removal as India U-21 coach, questions preference for foreign coaches

Former India goalkeeper PR Sreejesh voiced disappointment after his removal as junior men's team coach. His 17-month tenure saw five medals in five tournaments, including a Junior World Cup bronze. Sreejesh questioned Hockey India's continued reliance on foreign coaches, citing a preference for overseas expertise over Indian talent for national…

The Times of India

Ahead of BRICS meet, Iran blames UAE for lack of consensus; Tehran to allow more Indian vessels to pass

The sharp differences within BRICS, which India has blamed for the lack of a consensus on the West Asia situation, became public with Iran accusing the UAE of blocking a joint declaration at the foreign ministers’ meeting that India will host over the next 2 days.

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