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The Latest Breaking News from India

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

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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

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

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

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

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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…

The Economic Times

Scoop: 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

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

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

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

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

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 Economic Times

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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.

The Economic Times

5G network slicing: India's digital highway or a recipe for discrimination?

India's 5G rollout is accelerating with network slicing. This technology creates dedicated network lanes for different services. It ensures predictable performance and priority for critical applications. Network slicing allows for 'fibre-like' broadband and supports public safety. Global examples show its importance for advanced digital services.

The Economic Times

Iran Foreign Minister Araghchi begins 3-day India visit

Iran's Foreign Minister Abbas Araghchi is in New Delhi for crucial BRICS talks, focusing on the escalating West Asian crisis and its impact on global energy. He will hold bilateral discussions with India's S Jaishankar, likely addressing the Strait of Hormuz. The meeting, hosted by India, aims to foster dialogue…

The Times of India

27-year-old Indian man killed in rare bear attack in Canada; last fatal incident reported 6 years ago

A 27-year-old man from India has died after being attacked by a black bear at a uranium exploration site in Saskatchewan, Canada.

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Barchart

Sugar Sharply Higher on the Outlook for Global Deficits

July NY world sugar #11 (SBN26 ) on Wednesday closed up +0.37 (+2.47%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +13.70 (+3.10%). Sugar prices rallied sharply on Wednesday and posted 1-week highs amid an outlook for tighter global sugar supplies. On Wednesday, consultant Datagro raised its...

The Economic Times

The PGA Championship: At Aronimink’s exacting test, a quartet of golfers with Indian roots seek validation

The 108th PGA Championship begins this week at Aronimink Golf Club. Top golfers will compete for glory. Indian-origin players Akshay Bhatia, Sahith Theegala, Aaron Rai, and Sudarshan Yellamaraju are also participating. They bring skill and craft to the major championship. Their presence signifies an expanding global reach in golf. The…

The Times of India

Top 10 countries with the most gold in 2026: USA tops, China and India lead the global rankings

Gold is amongst the safest forms of investment in the world as it serves as an insurance instrument against inflation, foreign exchange risks, and political instability. It is very usual for the foreign exchange reserves of a country to have some quantity of gold in them. According to the figures…

The Economic Times

Gold discounts in India hit record at $200/ounce as duty hike sparks selling

India's gold discounts hit a record over $200 an ounce Wednesday. This followed a sharp import duty increase to 15%. Higher local prices prompted investors to sell gold, even at steep discounts. Retail buyers and jewelers remained absent. This situation is expected to increase gold smuggling. The duty hike aims…

The Economic Times

India-Russia discuss energy, trade and global tensions as BRICS ministers gather in Delhi

External Affairs Minister S Jaishankar met Russian Foreign Minister Sergey Lavrov for productive talks. They discussed bilateral cooperation in energy and trade. The meeting also covered the West Asia crisis and the Ukraine conflict. India and Russia share an interest in strengthening multipolarity. Other BRICS foreign ministers also arrived for…

The Economic Times

Bangladesh approves project to 'negate negative impact' of India's Farakka Barrage

Bangladesh has approved a major project to construct a barrage on the Padma River. This initiative aims to mitigate the adverse effects of India's Farakka Barrage upstream. The project's first phase is estimated to cost over USD 280 million. Officials state the barrage is in Bangladesh's national interest. Discussions on…

The Economic Times

Iran says BRICS unable to reach consensus on West Asia conflict due to UAE stance

Iran's Deputy Foreign Minister Kazem Gharibabadi stated the UAE is hindering BRICS consensus on the West Asia conflict. He expressed Iran's openness to Indian peace initiatives in the region. Gharibabadi mentioned Iran and Oman are developing a new framework for merchant vessels in the Strait of Hormuz. He also noted…

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