The Latest Breaking News from India

India's June retail inflation quickens to 4.38%, crosses RBI's 4% target after 17 months

India's retail inflation reached 4.38 percent in June, exceeding the central bank's target. Elevated food and fuel prices contributed to this significant acceleration in price pressures. The Reserve Bank of India maintained its benchmark repo rate at 5.25 percent during its review. Policymakers are balancing inflation risks with the need…

The Economic Times · Jul 13

Best visitor insurance for parents visiting the US: What NRIs should know before buying a plan

Indian parents visiting the United States often require visitor insurance for medical needs. Healthcare costs in America are very high, creating significant financial exposure for visitors. Visitor insurance covers unexpected medical expenses, offering crucial financial protection and peace of mind. Families must carefully compare plans, considering age, health, and coverage…

The Economic Times · Jul 13

India seeks to quash Adani airport's nicotine pouch court challenge citing illegality, health risk

India's government argues Adani Group's airport sale of nicotine pouches violates drug laws. The government asserts these sales pose a serious public health risk to citizens. Adani Group is challenging the official finding that they broke the law. The case could set a precedent for regulating nicotine pouch sales at…

The Economic Times · Jul 13

Meet Victoria Gowramma: Indian princess who grew up inside Buckingham Palace and became the first royal to convert to Christianity, had Queen Victoria as her godmother

The tale of Princess Gowramma, daughter of the last Raja of Kodagu, begins with her baptism in London, where Queen Victoria assumed the role of her godmother and named her Victoria Gowramma. After marrying Colonel John Campbell and having a daughter, she encountered societal bias due to her appearance. Tragically,…

The Times of India · Jul 13

Sebi tightens ethics rules for current, former employees

India's Securities and Exchange Board (SEBI) has put in place a two-year cooling-off period for past officials. The new regulations broaden investment restrictions to include the family members of employees. Notably, SEBI personnel are now required to step away from specific issues that involve personal affiliations and must report any…

The Economic Times · Jul 13

India defeat England by 270 runs: women’s Test, day four updates – as it happened

India romp to 270-run victory before lunch, despite 50 for Sophie Ecclestone, at historic first women’s Test at Lord’s.

The Guardian - UK · Jul 13

India's June trade deficit jumps 59% YoY to $30.43 bn

India's merchandise trade deficit widened to $30.43 billion in June from $28.21 billion in May, even as goods exports rose 15.5% year-on-year to $40.41 billion. In the April-June quarter, overall goods exports increased about 15%, supported by higher petroleum shipments and a recovery in exports to Gulf countries.

The Economic Times · Jul 13

Forget the metros, India's solar boom has a new address

Tier-II and tier-III cities are leading India's rooftop solar adoption significantly. The Pradhan Mantri Surya Ghar scheme is driving this widespread adoption across the nation. Over 36 lakh rooftop solar systems have been installed, benefiting many households. Gujarat, Maharashtra, and Uttar Pradesh are the leading states in solar installations. The…

The Economic Times · Jul 13

'Entities involved say not much lost': IT Secy on probe into Tata Electronics cyber leak linked to Apple

An alleged data breach at Tata Electronics is under examination by the IT Ministry. Reports suggest sensitive iPhone 18 Pro model data was exposed on the dark web. The Indian Computer Emergency Response Team is also investigating the security incident. Both Tata Electronics and Apple are reportedly satisfied with no…

The Economic Times · Jul 13

Income tax guide: Allowance and reimbursement exemption limits every salaried employee should know

Salaried employees should know income tax exemption limits for various allowances. Leave Travel Allowance is exempt for self and family travel within India. Children Education Allowance offers exemption up to three thousand rupees per child. Phone bill reimbursements are generally not taxable for employees. Meal card benefits are exempt up…

The Economic Times · Jul 13