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The Latest Breaking News from India

India cuts royalty burden on oil and gas producers in push for domestic output

India's Centre has lowered royalty rates for crude oil and natural gas production. This move aims to encourage more domestic exploration and production. Deepwater and ultra-deepwater fields will see significant royalty reductions. New policies offer zero royalty for initial years in these challenging areas.

The Economic Times

Amazon primes a Blinkit showdown; New insurance models prop up

Happy Tuesday! Amazon's late but strong push into quick commerce is unsettling market leader Blinkit. This and more in today's ETtech Morning Dispatch.

The Economic Times

Eli Lilly halts India obesity awareness campaign after regulatory scrutiny, seeks rules clarity

Eli Lilly halted its obesity awareness campaign in India. The nation's drug regulator cautioned the company about potential violations. The campaign aimed to reframe obesity as a chronic disease. It featured various media without naming specific products. Lilly cited regulatory uncertainty and conflicting guidance. The regulator's advisory prohibited indirect promotion…

The Economic Times

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ETtech In-depth: Amazon’s quick commerce blitz rattles Blinkit’s playbook

Amazon's aggressive 10-minute delivery push is intensifying competition in India's quick commerce market, putting pressure on leader Blinkit. While Blinkit previously focused on premium customers, it's now recalibrating strategy amid rising competition. Amazon leverages its Prime membership for speed and selection, aiming to capture the same urban, high-frequency shopper.

The Economic Times

Smaller teams, fewer replacements guiding GCC 2.0 ops playbook

Global Capability Centres in India are starting smaller and using AI to boost output. Companies are no longer replacing every departing employee. This shift prioritizes high-skill talent over large teams. Business growth is expected to outpace headcount growth. Hiring demand is rising for AI, data, cloud, and cybersecurity skills. This…

The Economic Times

US AI infra company Alpha Compute expands service to India

US-listed Alpha Compute is expanding its confidential GPU-as-a-service offering in India, partnering with local data centers. Driven by demand from clients like Telegram, the company aims to provide low-latency AI services. This move follows Alpha Compute's rebranding from a digital asset treasury platform to focus on secure AI infrastructure.

The Economic Times

Summon envoy over Muslims' persecution, demands Jamaat

Following BJP's victories in Assam and West Bengal, allies of Bangladesh's Jamaat-e-Islami are alleging ongoing persecution of Muslims across the border. They claim "anti-Bangladesh" forces will continue to spread provocation and communalism. While some opposition groups demand Dhaka summon the Indian envoy, the ruling BNP emphasizes a neighborly relationship with…

The Times of India

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India Inc reads calm, not alarm, in PM Modi's austerity message

Prime Minister Narendra Modi urged a cutback on reducible expenses like fuel, foreign travel, and gold. Industry leaders see this as a call for self-reliance and moderated consumption. Global economic pressures, particularly from the West Asia crisis, are impacting India. Leaders support the Prime Minister's message, emphasizing domestic investment and…

The Economic Times

Observe and shock absorb: To ride out this oil crisis, focus should be on well-targeted support, not broad price suppression

India is navigating a critical oil import challenge. The government's approach of keeping fuel prices steady faces fiscal and equity questions. Experts suggest a move towards targeted aid for the needy instead of broad price cuts. Building strategic reserves and accelerating renewable energy adoption are crucial long-term steps to reduce…

The Economic Times

India's R&D punches above its weight, but grant delays and red tape hold back researchers

India is an innovation 'overperformer' but its research systems lag behind. Improving 'ease of doing R&D' is crucial. This requires faster grants, simplified procurement, and greater institutional autonomy. Strengthening academia-industry links and access to resources will boost productivity. Coordinated action is needed to translate research into tangible outcomes for societal…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Tuesday

Indian benchmark indices experienced a significant sell-off on Monday, marking their third consecutive session of decline. The Nifty50 and BSE Sensex both tumbled, led by banking, automobile, and energy sectors amid investor risk aversion. Analysts suggest a weakening trend with immediate support for the Nifty at 23,700.

The Economic Times

'Single, unmarried doctor': Former US diplomat says he faced multiple visa rejections even in 1984

Dr Rajesh Vyas, an Indian-origin former US diplomat, said even in 1984, he was denied visa applications -- not once but twice. In a YouTube video, the former envoy said he wanted to visit Los Angeles in 1984 to witness the Olympics, as he was invited by his friends. Dr…

The Times of India

AI jobs growing almost by 15-20%: Ashwini Vaishnaw

As the demand for technology rises, India's IT industry is enjoying a remarkable boom in AI job openings, with projections showing a growth rate of 15-20%. This is accompanied by noteworthy investments in data centers, thanks to attractive tax benefits. The expansion of digital connectivity through innovative subsea cable constructions…

The Economic Times

SBI chief flags risks in rapid growth in digital finance, stresses trust-based innovation

State Bank of India Chairman C S Setty highlighted emerging risks in digital finance and platform lending. He stressed that financial systems must prioritize trust and strengthen governance. India needs significant capital mobilization for its development goals. Banks alone cannot meet these needs, requiring deeper bond markets and broader investor…

The Economic Times

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The Economic Times

India declines Russian LNG under sanctions, talks continue on permitted cargoes, sources say

India has refused Russian liquefied natural gas shipments under United States sanctions. This decision comes amid energy supply concerns due to Middle East tensions. A Russian LNG tanker bound for India remains in limbo. India prioritizes avoiding sanctioned cargoes due to compliance risks. Russia seeks new markets for its LNG…

The Economic Times

As Modi urges restraint on gold buying, jewellers’ body pitches mobilisation & recycling framework

The All India Jewellers & Goldsmith Federation proposes mobilising India's idle gold stocks. This approach aims to save foreign exchange without impacting the livelihoods of 35 million people. The federation suggests establishing a bullion bank and revamping the gold monetisation scheme. This strategy could reduce annual gold import dependence significantly.…

The Times of India

Indian-origin woman’s body found in car boot in UK; family to travel to Britain seeking justice

The family of Harshita Brella, the Indian woman whose body was discovered inside the boot of a car in east London last year, is expected to travel to the UK this week as they continue their fight for justice in the case, according to the BBC.

The Economic Times

Digital gold and silver players form self-regulatory body for greater consumer protection

India's digital precious metals industry has launched the Digital Precious Metals Assurance Council of India (DPMACI), a self-regulatory body aimed at bolstering consumer protection. Chaired by Nirupama Soundararajan, the council will enforce operational and governance standards, including 1:1 physical backing verification and insured vaulting, to enhance trust in the growing…

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The Economic Times

Railway utilised 98 pc capex by Feb-end; trains to dominate flights in new corridors: Vaishnaw

Indian Railways achieved 98 percent budget utilization for FY26. New high-speed corridors will significantly cut travel times, making trains the preferred mode over flights. Mumbai to Pune will take 28 minutes, and Delhi to Varanasi just 3 hours and 50 minutes. The railway network has seen extensive electrification and new…

The Economic Times

Jio revamps mega IPO; DailyObjects lines up fresh capital

Reliance Industries is revamping Jio Platforms’ IPO plans amid investor disagreements over valuation. This and more in today's ETtech Top 5.

Times Pets

10 Most Dangerous Man-Eaters in the World- Real Cases

Man-eating animals are not mythical creatures or horror legends. They are real predators whose behavior, under rare but documented conditions, has led to human deaths. Scientists emphasize that these cases are extremely uncommon and usually driven by survival factors such as injury, habitat loss, or prey scarcity. As wildlife researchers…

The Economic Times

India has 60 days of crude oil, 60 days of Natural Gas & 45 days of LPG rolling stock: Centre

India is launching a national mission to conserve fuel amid global energy market turmoil. The government assures citizens of robust energy security and ample reserves. This collective effort aims to ease the nation's financial burden from high international crude prices. Prime Minister Modi urges public participation to reduce consumption and…

The Times of India

Indian businessman in Portugal says he only hires Indians because Portuguese workers are ‘too expensive’

An Indian business owner in Portugal said in a street interview that he mainly hires Indian workers because Portuguese employees are “too expensive” and communication is easier with people from India.

The Economic Times

Nasscom flags continued hybrid work as IT firms brace for West Asia impact

India's tech industry is stepping into a new era with hybrid work models becoming the norm. In response to global disruptions and energy supply dilemmas, firms are reshaping their operations to find the perfect mix of remote and on-site work. Energy-saving initiatives are taking root, ensuring that sustainability aligns with…

The Economic Times

Petroleum Ministry says fuel, LPG stocks adequate amid global supply disruptions; urges citizens to conserve energy

India's Petroleum Ministry confirms stable fuel supplies despite global energy challenges. Crude oil inventories are secure, refineries operate at peak capacity, and no fuel shortages are reported nationwide. The government urges citizens to conserve fuel by using public transport, carpooling, and opting for electric vehicles. These measures aim to ease…

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