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The Latest Breaking News from India

India's C&I energy storage market to expand to 22-31 GWh by 2032: IESA

India's commercial and industrial energy storage market is set for significant expansion. Projections show growth from under 1 GWh in 2025 to an estimated 22-31 GWh by 2032. This surge is fueled by increasing electricity costs and the widespread adoption of renewable energy sources. Reliable power and decarbonisation goals also…

The Economic Times

Brent crude expected at USD 90-95/barrel, raising India's CAD risk: Crisil

India's current account deficit is projected to widen significantly. Higher crude oil prices are expected to drive this increase. This will put pressure on the economy. Experts anticipate Brent crude to average between USD 90-95 per barrel this fiscal. This is a substantial rise from previous levels. The deficit is…

The Economic Times

India weighs extending 40-product import duty exemption beyond June 30 amid West Asia tensions

The government will decide on extending import duty exemptions for 40 products after June 30. This decision hinges on the evolving situation in West Asia and its impact on cargo movement. Revenue implications for the government are also a key consideration. The current exemption was put in place to support…

The Economic Times

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India treads cautiously as Trump seeks fresh start with PM Modi

US President Donald Trump and Prime Minister Narendra Modi struck a friendly tone during their first face-to-face meeting in over a year, with Trump calling Modi a long-time friend and a tough trade negotiator despite his calm demeanor.

The Economic Times

India-UK trade deal to offer export benefits from day-one; steel issues addressed: Govt Sources

The landmark India-UK Comprehensive Economic and Trade Agreement (CETA) will come into force from July 15, 2026, with the government working to ensure that customs notifications and related processes are put in place so that exporters can start availing concessions from day one, senior government sources told ANI.

The Economic Times

India to allow import of 3.78 lakh UK cars at concessional duty in first 15 years of trade pact

India will allow imports of up to 3.78 lakh conventional-engine passenger cars from the UK at concessional duties under a new trade pact starting July 15. Import duties will fall from 110% to 10% with quotas, while Indian electric and hybrid cars will gain duty-free access to the UK market…

The Economic Times

India-UK social security pact to benefit 90-95% of Indian professionals in Britain

A new social security agreement between India and the UK, effective July 15, will benefit 90-95% of Indian professionals working for Indian companies in Britain. This pact exempts temporarily transferred employees from host country social security contributions for up to five years, reducing costs for firms and boosting Indian service…

The Economic Times

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Bata India appoints Sanjay Rao as MD & CEO

Bata India has announced Sanjay Rao will take over as Managing Director and Chief Executive Officer effective on August 24, 2026. He replaces Gunjan Shah. Rao brings over two decades of retail and consumer leadership experience from international markets. Bata Group sees India as a key growth market. Rao's appointment…

The Economic Times

Anand Mahindra couldn't stop watching this 15-cent cigarette lighter video; What it revealed holds lessons for building the next Apple or Tesla in India

Anand Mahindra says a 15-cent disposable lighter made in China's Shaodong manufacturing hub offers a valuable lesson in industrial competitiveness. Highlighting how specialised suppliers clustered in one region drive efficiency and innovation, he argues that India should actively develop similar manufacturing ecosystems, such as Gujarat's Morbi ceramic cluster, to strengthen…

The Economic Times

BMW to launch 27 products in India this year, eyes No. 1 spot

BMW Group India is launching 27 new models this year, aiming to solidify its position as the top luxury carmaker. The company is focusing on expanding its portfolio and meeting customer demand, expecting strong double-digit growth. MINI sales are also projected to significantly increase, with plans for network expansion.

The Economic Times

Global energy transition readiness dips, India among top gainers: WEF

Global energy transition readiness has declined for the first time in over a decade. Geopolitical risks are a major factor. However, India has registered one of the strongest improvements. India advanced two places to rank 70th on the World Economic Forum's Energy Transition Index 2026. This progress is attributed to…

The Economic Times

The 'Indo' exit: Pentagon's PACOM reset raises questions about India's place in Trump's Asia calculus

Washington's decision to rename the US Indo-Pacific Command back to Pacific Command has sparked debate over India's strategic importance. Despite assurances from President Trump, analysts view the move as a symbolic downgrading, occurring amidst existing bilateral friction and concerns about US policy in Asia.

The Economic Times

Extended summer may lift AC sales, but growth likely to fall short of expectations: Praveen Sahay

India's room air conditioner market anticipates a boost from an extended summer and El Niño, though growth is tempered by conservative dealer inventory stocking. While retail demand has been strong, lower primary sales to dealers have capped overall industry expansion, impacting expected growth figures.

The Economic Times

Why Tata Motors' Record Sales Couldn't Stop This Problem

At first glance, Tata Motors appears to be celebrating one of its strongest years ever. Record car sales, booming electric vehicle demand, and a growing market share paint the picture of a company firing on all cylinders. But beneath these impressive numbers lies a very different story. While Tata's domestic…

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The Economic Times

Gold rate today (June 18, 2026): Check 24k, 22k and 18k gold jewellery prices from Joyalukkas, Malabar Gold and Diamonds, Tanishq & IBJA in Delhi, Mumbai, Hyderabad & other cities

Gold prices remained largely steady across major Indian cities on June 18, 2026, with 22k gold jewelry priced at Rs 13,895 per gram at Tanishq and Rs 13,850 per gram at other leading brands. The India Bullion and Jewellers Association (IBJA) reported a marginal decline in gold rates and a…

The Economic Times

$15 billion game-changer: Reliance Jio readies for a big bang in space

Reliance Jio is reportedly planning a massive 1,600-satellite low Earth orbit constellation, aiming for direct-to-device connectivity and extending its telecom dominance into space. This ambitious project, potentially costing $10-15 billion, seeks to bolster India's digital sovereignty and reduce reliance on foreign infrastructure, positioning Jio as a major global player.

The Economic Times

How India sparred with Telegram days ahead of blocking the app

India's ban on Telegram stemmed from a dispute over alleged NEET exam paper leaks, with the government accusing the messaging platform of failing to proactively remove channels offering leaked papers and related scams. Documents reviewed by Reuters show weeks of exchanges between the IT Ministry and Telegram before New Delhi…

The Economic Times

Smallcap stock jumps 24% in a week as NSE stake could be valued at Rs 850 crore

Maithan Alloys shares saw a significant jump on Thursday. This rally follows the filing of the National Stock Exchange's draft prospectus for its initial public offering. Maithan Alloys holds a stake in NSE, which is now valued at approximately Rs 850 crore. The NSE IPO is expected to be India's…

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The Economic Times

Gold imports fall to 25-30 tonnes/month from 70-100 tonnes after duty hike: Govt source

Gold imports into India have dropped sharply. The government's decision to increase import duty is proving effective. Higher gold prices and reduced jewellery demand also contributed to this trend. Increased global gold recycling is another factor. Official gold inflows have also moderated. The government is not pursuing gold monetisation due…

The Economic Times

Rupee’s oil relief capped by RBI's FX book, interest payment hedges, bankers say

The Indian rupee's upward surge encounters some obstacles. As the Reserve Bank of India gradually dissolves a hefty foreign exchange forward book, banks are also preparing for interest payments on foreign currency holdings. These maneuvers are likely to soak up dollar inflows, which could limit the rupee's rise. Analysts predict…

The Economic Times

Indian High Commissioner to Singapore urges businesses to study Singapore's water sector innovations

Indian businesses are urged to study Singapore's water recycling and reuse innovations. This is crucial for drinking water, industrial water, and sewage treatment needs. As India advances in manufacturing and data centers, water management becomes more important. Collaboration with Singapore's water ecosystem offers new business opportunities. Indian companies are looking…

The Economic Times

Infosys, TCS, Wipro, other IT stocks fall up to 3% after Fed's hawkish tone. What's ahead?

Indian IT stocks, including Infosys and TCS, experienced a significant decline of up to 3% on Thursday. This downturn was triggered by a hawkish stance from the US Federal Reserve, which has increased expectations of a rate hike later this year. Concerns over reduced discretionary spending in North America, a…

The Economic Times

Stay invested, keep accumulating quality stocks: Neeraj Dewan

Easing crude oil prices have boosted sentiment for Indian equities, with experts recommending accumulation of quality stocks in financials, defence, infrastructure, and metals. Investors are advised to use market dips as buying opportunities, especially in mid and small-cap segments. While inflation and monsoon concerns persist, they are seen as chances…

The Economic Times

UKIBC hails India-UK trade pact rollout from July 15, says CETA to unlock new growth opportunities

The India-UK Comprehensive Economic and Trade Agreement, CETA, will become effective on July 15, 2026. This landmark deal opens new avenues for trade and investment between India and the United Kingdom. Businesses are encouraged to prepare for its implementation. The agreement is set to boost economic engagement and create employment…

The Economic Times

Tax-free income in India: 8 types of income you don’t need to pay any tax on

Tax-free income: Unlock tax savings with these eight income sources exempt from income tax in India. From agricultural earnings and provident fund withdrawals to gifts from relatives and insurance payouts, understand how to keep more of your money.

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