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The Latest Breaking News from India

AI-focused E2E Networks shares hit 5% upper circuit as firm swings to black in Q1, revenue soars 334%

AI-focused cloud provider E2E Networks hit the upper circuit after reporting a sharp turnaround in Q1FY27, posting a net profit of Rs 44 crore against a year-ago loss. Revenue more than quadrupled, while EBITDA and margins surged, driven by strong demand for AI infrastructure and expanded GPU deployment.

The Economic Times

Punjab National Bank eyes ambitious target to break into world's top 100

Punjab National Bank is setting its sights on breaking into the elite group of the world's top 100 lenders in the near future. With a significant surge in net profit reported last quarter, the bank is optimistic about accelerating credit growth and diversifying its business interests. Plans include launching wealth…

The Economic Times

Indian refiners halt Iraq oil loadings on rising Hormuz risk

Due to heightened security worries, Indian refiners have paused crude oil loadings from Iraq, with major players like Indian Oil Corp. and Mangalore Refinery suspending operations. The move follows multiple freighters suffering projectile attacks, amplifying shipping hazards in the region. Iraq's oil ministry has acknowledged these delays, and India's shipping…

The Economic Times

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Trump's Generic Drug Tariffs Explained: What it means for Indian pharma before the 200% storm

Trump's generic drug tariffs plan provides Indian drugmakers a two-year duty-free window. This allows companies time to reassess manufacturing and supply chain strategies. After this period, tariffs will escalate significantly, impacting export economics. Several Indian firms already have US manufacturing operations for flexibility. The next two years will shape how…

The Economic Times

India's domestic workers go online as instant services boom

NEW DELHI - Racing against a stopwatch, a group of women folds bedsheets as they train to join an Indian startup that offers instant home services, transforming a traditionally word-of-mouth sector and promising better pay.

Bangkok Post

Recurring West Asia tensions force MSME exporters to prioritise resilience over cost savings

Industry officials say recurring geopolitical disruptions, rising freight costs, and shipping uncertainty are making supply chain resilience as important as low-cost manufacturing for India's MSME exporters.

The Economic Times

Paras Defence arm to set up ₹6,200 crore semiconductor packaging facility in Madhya Pradesh

Paras Semiconductors is set to invest ₹6,200 crore in the construction of a cutting-edge semiconductor packaging facility in Madhya Pradesh. This initiative follows the signing of a significant memorandum of understanding and aims to elevate India's semiconductor industry through advanced outsourced assembly and testing operations, catering to evolving technological demands.

The Economic Times

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Air India to shift New York JFK operations to Terminal 6 in 2028, launch flagship lounge

Air India will relocate its JFK operations to the new Terminal 6 in 2028. The airline will also establish its first flagship Maharaja Lounge at this terminal. This strategic move brings Air India closer to Star Alliance partners for seamless connections. The new terminal is part of JFK Airport's extensive…

The Economic Times

World is 'extremely turbulent', Foreign Minister Jaishankar calls for deeper India-ASEAN cooperation

The world faces extreme turbulence, requiring deeper cooperation between India and ASEAN. No single nation or grouping can manage these global challenges alone. Supply chains, energy, food, and health security are increasingly vulnerable. India and ASEAN must navigate this volatile era together for regional stability. This partnership focuses on trade,…

The Economic Times

SBI Funds shares fall 3%, but brokerages scream 'Buy' with target price up to Rs 750

SBI Funds Management shares fell after their market debut, but brokerages remain bullish, with Emkay and Equirus citing strong fundamentals, SBI's distribution strength and long-term growth prospects while assigning target prices of up to Rs 750.

The Economic Times

Navy commissions INS Malvan warship to bolster coastal anti-submarine capabilities

The Indian Navy commissioned the anti-submarine warfare shallow water craft (ASW-SWC) Malvan at Karwar on Wednesday. The second indigenous Mahe-class warship is designed to strengthen India's coastal anti-submarine capabilities and comes amid rising Chinese and Pakistani submarine activity in the Indian Ocean Region.

The Economic Times

Sterlite Tech shares tumble 27% from June peak after 400% surge in 2026. Should you catch this falling knife?

Sterlite Technologies shares have seen a notable correction after a substantial rally. Analysts suggest this pause is normal within a broader bullish trend. A recent large order from a US hyperscaler bolsters fundamental outlook. India's data center industry expansion fuels demand for optical fiber infrastructure. Investors are weighing profit booking…

The Economic Times

Cube Highways Trust InvIT subscription opens today. Here are key details for investors

Cube Highways Trust InvIT opens its Rs 5,000-crore public issue today at a price band of Rs 151–152 per unit. The infrastructure trust offers investors exposure to a diversified portfolio of operational highway assets.

The Economic Times

Panshul Bansal, NEET-UG topper, explains why he was not at Jantar Mantar: 'Why protest when I could be studying at home'

Panshul Bansal, a NEET-UG 2026 re-examination topper, stayed home and studied. He secured All India Rank 2 with a 99.9999 percentile. Bansal viewed the exam cancellation as an opportunity to improve his performance. He questioned the utility of attending protests over studying. His decision contrasts with ongoing nationwide demonstrations and…

The Economic Times

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The Economic Times

Why did market fall today? 7 triggers behind Rs 4 lakh crore wealth wipeout

Indian stock markets experienced significant declines on Wednesday. Escalating Iran-US tensions and tariff threats spooked investors, causing major indices to fall. Oil prices surged above $92 per barrel, impacting market sentiment negatively. The Indian rupee also weakened against the US dollar amid global uncertainties. Persistent foreign investor selling further weighed…

The Economic Times

Protests in New York, San Jose in support of Sonam Wangchuk

Activists demonstrated in New York and San Jose supporting Sonam Wangchuk's hunger strike. Protests occurred in London and Dublin, demanding fair treatment for students. The group urged the Indian government to address exam irregularities and student concerns.

The Economic Times

AI bigger risk to IT workers than companies, says Marcellus’ Pramod Gubbi

Artificial intelligence may reduce Indian IT sector employment before impacting companies. Valuations are less compelling now after recent market rebounds and ongoing geopolitical risks. Opportunities for investment are currently few and far between for fund managers. Quality stocks have seen their valuation premiums correct to attractive levels. Healthcare and Indian…

The Economic Times

Sun Pharma, Cipla & other pharma stocks shed over 2% as Trump announces up to 200% tariffs on generic drugs from 2028

Pharma stocks, including Sun Pharma, Cipla, Lupin and Dr Reddy's, fell up to 2.5% after US President Donald Trump announced a phased tariff plan on imported generic drugs. While generics will remain tariff-free for two years, duties will rise to 100% from August 2028 and 200% from August 2029, weighing…

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The Guardian - UK

Opposition parties shut down Indian parliament in solidarity with ‘cockroach’ protests

Proceedings suspended as politicians call for Modi government to address police violence and education scandals

AAP

Uranium supply deficit expected to increase prices

With China, India and the United States all building more nuclear reactors, there's a looming deficit in the supply of uranium, according to one Aussie miner.

The Economic Times

Climate finance must reach nations that need it most, says UN Climate Chief

Climate finance is rising but not fast enough for developing nations. Developed countries must triple adaptation finance and deliver USD 300 billion annually by 2035. Accelerating climate technology development and transfer is essential for Paris Agreement goals. India's clean energy investment drives economic growth and creates jobs. Moving quickly to…

The Economic Times

India weighs letting airport owners Adani, GMR run own airlines to curb duopoly

India is discussing a policy shift to permit airport operators to own airlines. This change could allow Adani Group and GMR Airports to establish their own carriers. Current rules restrict airport operators' airline ownership stakes significantly. The move aims to increase competition against dominant carriers like IndiGo and Air India.

The Economic Times

Snabbit, Urban Company lead push to organise India's domestic work sector

Indian startups are digitizing domestic services, offering workers better pay and customers flexibility. Platforms like Snabbit and Urban Company function like ride-hailing apps for household tasks. Workers receive bookings online and their performance is tracked through customer ratings. This model provides flexible hours for mothers and instant service for homemakers.…

The Economic Times

Rupee rebound bets vanish as soaring crude blunts inflows

What makes the Indian currency more vulnerable than some of its Asian peers is the country’s reliance on imported energy and its ripple effect on the broader economy.

The Economic Times

Modi’s protectionism push creates stock winners in laggard India

A Bloomberg-compiled basket of 15 stocks linked to import substitution has rallied more than 20% since the start of the Middle East conflict, outperforming the benchmark NSE Nifty 50 Index, which has dropped about 2%. The rally stands out as the basket has become a haven for investors seeking shelter…

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