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The Latest Breaking News from India

How an Australian connection helped Shaily Mehrotra build a Rs 1,500-crore Indian skincare brand

A gap in science-backed skincare products in the Indian market prompted Shaily Mehrotra to start Fixderma, with an aim to solve common skin problems, such as acne and pigmentation, while also making a case for daily skincare routines.

The Economic Times

AAP Rolling News Bulletin May 27, 1730

AAP Rolling News Bulletin for May 27 at 1730

AAP

Veteran sports administrator Randhir Singh passes away

Randhir Singh, a renowned sports administrator and India's first shooting gold medalist at the Asian Games, passed away at 79. He recently resigned as President of the Olympic Council of Asia due to health concerns. Singh had a distinguished career as an Olympian and administrator, contributing significantly to shooting sports…

The Economic Times

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Himalaya Wealth Managers launches Rs 500 crore SME-focused AIF to bridge equity capital gap

Himalaya Wealth Managers LLP has launched Himalaya SME Scheme-I, a Rs 500 crore AIF, to address the equity risk capital gap for high-potential Indian SMEs. The fund will invest in growth-stage companies, offering capital alongside strategic guidance to foster institutional governance and sustainable growth. This initiative aims to support SMEs…

The Economic Times

Canada announces trade mission to India as Piyush Goyal holds talks with investors, businesses in Toronto

Canada's Minister of International Trade Maninder Sidhu announced a Team Canada Trade Mission to India for November. This follows meetings between Indian Commerce Minister Piyush Goyal and Canadian business leaders. The mission aims to explore collaborations in key sectors like AI, critical minerals, and clean technology. Discussions also focused on…

The Economic Times

Hindalco, Nalco shares jump up to 5% after aluminium prices hit 4-year high. Where is metal headed?

Hindalco and Nalco shares climbed as aluminium prices hit a four-year peak. Geopolitical tensions in Iran and possible production curbs in China, the world's top producer, are driving the rally. Traders are concerned about China's review of energy consumption and emissions. This situation tightens global supply, benefiting Indian aluminium producers.…

The Economic Times

Africa emerging as key market for Indian sweet biscuit exports: Commerce Ministry

India's sweet biscuit exports are growing globally. Africa is becoming a key market, with Kenya as the second-largest destination. This rise shows increasing international demand for Indian processed foods. India's value-added food exports are expanding their reach in emerging economies. This development highlights deepening commercial ties and a stronger presence…

The Economic Times

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Ebola vaccine update: Russia claims a breakthrough; Oxford researchers, Serum Institute of India aim to begin trial in 3 months

A new Ebola vaccine developed by Russian scientists shows promise against the current outbreak strain in the Democratic Republic of Congo. Researchers at Oxford University are also rapidly advancing vaccine development. These efforts aim to combat the fast-growing outbreak. The vaccines utilize established technology for quicker production. International partners are…

The Economic Times

Power, Hotels & Chemicals: Dipan Mehta maps out the market’s next big opportunities

Dipan Mehta advises selective investing, favoring power infrastructure, export manufacturing, and specialty chemicals. While acknowledging the hospitality sector's strong run, he cautions about potential headwinds. Mehta sees significant growth in power transmission and equipment due to India's renewable energy push.

The Economic Times

'Su-30MKI' upgrade: Op Sindoor hero to get big anti-jamming update under 'Super Sukhoi' programme

Su-30MKI jets' upgrade news: The Indian Air Force is upgrading its Su-30MKI fighter jets. A new advanced GPS antenna will enhance electronic warfare capabilities. This upgrade will protect against jamming and spoofing. The system will work with multiple satellite constellations, including India's NaVIC. This modernization is part of the Super…

The Economic Times

India said to prepare Rs 10,000 crore LIC stake sale next month

India is preparing to launch a new share sale for Life Insurance Corporation of India next month. This offering could bring in as much as Rs 10,000 crore. The government intends to sell a stake of approximately 2% to institutional investors. This move is part of ongoing efforts to increase…

The Economic Times

From being unemployed to earning nearly ₹50,000 per month: How a scooter changed the fortune of this UP worker

A casual roadside interaction shared by Zypp Electric's CEO revealed how India's growing EV ecosystem is creating new income opportunities. A young delivery executive, previously unemployed, now earns ₹1,500 daily by delivering orders on a rented electric scooter, sending most of his earnings home to support his family.

The Economic Times

KEC International bags orders worth Rs 1,300 cr in India, overseas

KEC International has secured new orders totaling Rs 1,303 crore. These orders span across its transmission and distribution, civil, renewable, and cables and conductors businesses. The company received projects in India and international markets. These wins are expected to drive KEC International's future growth. The RPG Group company is a…

The Economic Times

From billionaire to jail: Why Byju Raveendran is facing prison and how $22B startup with SRK & Messi as ambassadors crashed

Byju's founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt of court. The court cited his disobedience of multiple orders concerning his assets. Raveendran must also pay S$90,000 in costs and provide proof of ownership for Beeaar Investco Pte.

The Economic Times

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The Economic Times

Oil shock fears ease, but $80-$90 crude may be the new normal: Arvind Sanger

Oil prices may remain high for months, according to market expert Arvind Sanger. While extreme price surges are less likely, consumers should prepare for elevated energy costs. Geopolitical tensions and supply chain issues will keep crude firm. India faces relief from price volatility but needs stronger domestic growth drivers beyond…

The Guardian - UK

Fieldwork As a Sex Object by Meena Kandasamy review – story of a deepfake sex tape

The author of When I Hit You returns with a pithy, savagely funny tale of online shaming and the Indian manosphere

The Economic Times

Why Ranveer Singh could struggle to start his next film after ‘Don 3’ fallout

The Federation of Western India Cine Employees has banned actor Ranveer Singh from working with its members. This action follows his sudden exit from the film 'Don 3'. The federation's directive could create significant operational challenges for any future projects Singh undertakes. Legal experts suggest the directive has persuasive weight…

The Economic Times

Funox brings new browser games for players looking for instant online entertainment

Browser games are gaining popularity across India. Players prefer instant-play HTML5 games that require no downloads. Funox is expanding its platform with new casual, puzzle, racing, arcade, and adventure games. This trend offers accessibility and lightweight entertainment on all devices. HTML5 technology enhances performance, making browser gaming a fast-growing segment.

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The Economic Times

Why Pernod Ricard is facing heat in one of its most crucial liquor markets

French liquor giant Pernod Ricard faces significant hurdles in India, its largest global market by volume. The company is embroiled in a massive federal tax dispute and an antitrust investigation. Additionally, Pernod is under scrutiny from India's financial crime agency regarding alleged collusion in Delhi's liquor license auctions.

The Economic Times

Authorities allege Pernod Richard withheld Scotch composition, age in effort to pay lower tariffs under $314 mln refund case

Indian tax authorities are in a legal fight with Pernod Ricard. Investigators claim the French company hid the true value of Scotch whisky imports. This led to a demand for 30 billion rupees in back taxes. Pernod Ricard denies wrongdoing. The company argues it was not given all the necessary…

The Economic Times

Supreme Court upholds ECI’s Bihar voter roll revision, says SIR ‘legally tenable’

The Supreme Court has validated the Election Commission of India's Special Intensive Revision of Bihar's electoral rolls, deeming the process "legitimate and constitutional." The court ruled that the exercise, despite differing from ordinary revision methods, is legally sound and empowers the ECI to ensure accurate voter lists ahead of future…

The Economic Times

The aluminium boom is here: Why Morgan Stanley says Hindalco is set to explode

Morgan Stanley initiated coverage on Hindalco Industries with an ‘Overweight’ rating and a target price of Rs 1,325, citing a favourable aluminium demand-supply outlook, strong free cash flow generation and India’s multi-year growth cycle. The brokerage believes Hindalco is well positioned for margin expansion and long-term value unlocking.

The Economic Times

SC quashes CCI’s Rs 202 crore penalty on Amazon over Future Coupons deal

The Supreme Court has overturned a Rs 202-crore penalty imposed on Amazon by the Competition Commission of India. This penalty was related to Amazon's 2019 investment in Future Coupons. The CCI had alleged that Amazon suppressed information during the approval process. This development follows a mutual settlement between Amazon and…

The Independent UK

Traveller hospitalised in India tests negative for Ebola

IN FULL

The Economic Times

Pushp Brand files IPO papers with Sebi

Pushp Brand (India) is preparing for its initial public offering. The spice manufacturer plans to raise between Rs 800 crore and Rs 1,000 crore. This offering will be an offer-for-sale, with promoters and investors selling their shares. The company's shares are expected to be listed on the BSE and NSE.

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