The Latest Breaking News from India

At UN, India says 'a terrorist is a terrorist', rejects any justification for terror

India has strongly urged the global community to unite against terrorism, emphasizing that "a terrorist is a terrorist" and no grievance can justify such acts. Speaking at the UN, Ambassador Harish Parvathaneni called for an end to double standards and accountability for those involved in terror.

The Economic Times · Jul 2

India's lending boom might no longer be largely bank-led

India's private credit market is booming, doubling in five years to $25 billion as companies seek alternatives to traditional bank loans for expansion and acquisitions. Banks, wary of complex financing, are leaving a gap that private lenders are filling with flexible, albeit costlier, solutions. While growth is strong, regulators are…

The Economic Times · Jul 2

The surprising reason India's most expensive stocks often keep rising

Indian stocks defy logic, with expensive companies consistently outperforming. This trend, observed over 15 years, sees sectors like defence and retail surge despite high valuations, driven by structural shifts and strong earnings. Jefferies highlights the power sector as the next potential beneficiary, citing strong demand and private sector capex. Investors…

The Economic Times · Jul 2

Bharti Airtel shares in focus as NBFC Airtel Money commences commercial operations after RBI nod

Bharti Airtel shares will be in focus after its NBFC arm, Airtel Money, commenced commercial operations following RBI approval. The development comes as Nomura reaffirmed its bullish stance on the telecom major, raising its target price to Rs 2,355 per share. Despite a 34% drop in Q4 profit, Airtel reported…

The Economic Times · Jul 2

'War benefits no one': 117 prominent citizens from India and Pakistan urge PMs to resume dialogue

A coalition of 117 prominent citizens from India and Pakistan has penned an open letter to their respective Prime Ministers, urging an immediate restoration of peace, normalcy, and bilateral communication. The group, comprising social activists and intellectuals, aims to break the diplomatic deadlock by fostering dialogue and resuming trade.

The Economic Times · Jul 2

Petrol, diesel price today: Have state-run OMCs cut fuel prices after Nayara Energy's rate slash? Check latest rates

Nayara Energy, India's largest private fuel retailer, has slashed petrol prices by Rs 5 and diesel by Rs 3 per litre nationwide. This marks the first retail price cut in over two years, following a dip in global crude oil costs. While Nayara reversed its earlier March hike, state-run oil…

The Economic Times · Jul 2

ShareChat, India’s Meta rival, plans $400 million IPO next year

Social media giant ShareChat is gearing up for a potential $400 million IPO next year, marking a significant turnaround after a period of cost-cutting. The company has achieved operational profitability, driven by the booming micro-drama segment on platforms like Moj and QuickTV. With annual revenues exceeding 10 billion rupees and…

The Economic Times · Jul 2

WhatsApp usernames’ India hiccup; Zepto’s unusual legal structure

WhatsApp’s big bet on usernames has hit a regulatory speed bump in India. This and more in today’s ETtech Morning Dispatch.

The Economic Times · Jul 2

Delhi NCR rains: IMD issues red alert for thunderstorms and heavy rainfall

Delhi-NCR weather: The India Meteorological Department (IMD) has issued a red alert for thunderstorms and heavy rainfall across the region, with the southwest monsoon set to advance further into North India, including Punjab, Haryana, and Uttar Pradesh, after bringing a welcome drop in temperatures. Meanwhile, extremely heavy rainfall is also…

The Economic Times · Jul 2

India vs England T20I: Shreyas Iyer, Abhishek shine with fifties before rain forces match abandonment

Abhishek Sharma's rapid 59 and Shreyas Iyer's steady 68 offered India a glimmer of hope in their T20I opener against England. Despite a rain-abandoned match, their strong batting display, posting 189/7, marked a significant improvement. The duo's partnership and Sharma's quickfire fifty provided a much-needed boost after recent batting struggles,…

The Economic Times · Jul 2