The Latest Breaking News from India

PM Modi to visit Rajasthan, Gujarat on Saturday

Prime Minister Narendra Modi is set to inaugurate India's first integrated refinery-cum-petrochemical complex in Rajasthan and a semiconductor assembly facility in Gujarat. The Rajasthan visit includes launching a new Jodhpur Airport terminal, modified UDAN scheme, and several rail and road projects, alongside dedicating solar power plants. The Gujarat inauguration marks…

The Economic Times · Jul 3

Quick commerce no longer luxury service, becoming permanent structural shift in urban retail: Report

Quick commerce is revolutionizing India's retail sector, transforming from a niche service to a permanent fixture. Projections indicate this segment will significantly fuel market growth, reaching an estimated $60 billion by FY31. This expansion is driven by a burgeoning customer base and increasing order volumes, with non-grocery items playing a…

The Economic Times · Jul 3

Auto demand remains strong, but OEM margins may stay under pressure in H1 FY27

Indian auto sector anticipates strong demand across all vehicle types, though automakers may see profit margins squeezed in early FY27. Wholesale dispatches for passenger vehicles, commercial vehicles, and tractors remain robust, indicating sustained consumer interest. Premium segment demand is expected to hold steady, while mass-market sales might moderate later in…

The Economic Times · Jul 3

AI law may be considered as time is getting right, Export curbs eased on Mythos: MeitY Secretary S Krishnan

India is considering a dedicated legal framework for artificial intelligence, with the Ministry of Electronics and Information Technology indicating the time is right for separate legislation. Previously, existing laws addressed AI challenges like deepfakes. Officials are now preparing draft proposals, though the timeline for introduction remains uncertain. Meanwhile, export restrictions…

The Economic Times · Jul 3

Zydus Lifesciences ties up with Apollo Hospitals to offer Shield multi-cancer detection test

Zydus Lifesciences has partnered with Apollo Hospitals to introduce the Shield multi-cancer detection test in India, made possible through an agreement with Guardant Health. This innovative blood test can identify signals for multiple cancer types in individuals aged 45 and above. The collaboration aims to enhance early cancer detection and…

The Economic Times · Jul 3

E20 causes ‘minor’ drop in vehicle mileage, Puri says, as India gears up for E100 fuel

The Petroleum Minister acknowledged a minor drop in fuel efficiency with E20 petrol but highlighted improved acceleration and engine performance as key benefits. Despite consumer concerns about mileage and older vehicles, the government is pushing ahead with ethanol blending. India is also exploring higher blends like E25 and E85.

The Economic Times · Jul 3

Flipkart ranked 5th best employer by Great Place To Work; underscoring a strong people-first culture

Flipkart has secured a spot in India's Top 5 Best Companies to Work For 2026, a significant leap from its previous ranking. This recognition highlights the e-commerce giant's dedication to a people-first approach, emphasizing employee well-being, career development through internal mobility, and a performance-driven culture. The company's commitment to fostering…

The Economic Times · Jul 3

India has got a $5 trillion sleeping giant: Can govt wake it up?

India holds an estimated $5 trillion worth of gold in households and temples, yet continues to spend billions importing more every year. As pressure on the rupee and trade deficit mounts, the government is considering reviving the Gold Monetisation Scheme by involving jewellers to unlock idle gold and turn dormant…

The Economic Times · Jul 3

Earnings growth to stay robust at 14–16%; IT correction a buying opportunity: Vikas Khemani

India's IT sector is poised for a comeback, with AI expected to boost, not hinder, growth. Vikas Khemani of Carnelian Asset Management sees excessive pessimism, presenting an attractive long-term opportunity. He highlights that historical tech shifts expanded the industry. Stock selection is crucial, favoring early AI adopters. Khemani also remains…

The Economic Times · Jul 3

Indian Navy's P-8I aircraft arrives at Joint Base Pearl Harbor-Hickam in Hawaii for RIMPAC 2026

In a post on X, the Indian Navy spokesperson at Naval Headquarters, Captain Vivek Madhwal, stated that India's participation in one of the world's largest multinational maritime exercises reaffirmed the Navy's committment to "free, open, inclusive and rules-based Indo-Pacific."

The Economic Times · Jul 3