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The Latest Breaking News from India

India panel proposes simulator-heavy pilot licence to ease crew shortage, document shows

India is exploring a new pilot license option to combat a growing shortage, proposing increased simulator training and reduced flight hours for cadets. This Multi-Crew Pilot Licence aims to create a faster, more predictable pipeline of junior pilots for expanding airlines. While proponents believe it will boost pilot numbers and…

The Economic Times · Jun 24

Motilal Oswal initiates coverage on KPR Mill, 7 other textile stocks with up to 43% upside. Own any?

Motilal Oswal has initiated coverage on eight textile companies, turning bullish on Gokaldas Exports, Indo Count, Arvind Fashions, Pearl Global and Welspun Living. The brokerage expects improving global demand, trade agreements and supply-chain shifts to support India’s textile sector recovery and long-term export growth.

The Economic Times · Jun 24

'Got paid 1.5 times for picking up a call after office hours': NRI compares US and Indian work cultures

An Indian-origin man has highlighted stark differences in workplace culture between India and the US. He observed that leaving work on time in India often drew attention, whereas in the US, it's considered normal. The man also shared an experience where his manager compensated him for after-hours work, emphasizing the…

The Economic Times · Jun 24

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India's textile industry poised for long-term growth as global sourcing shift gathers pace: Siddhartha Khemka

India's textile sector is poised for significant growth, driven by a global shift in sourcing away from China and a cyclical recovery in demand. Experts highlight that geopolitical risks and rising costs are pushing brands to diversify, creating a multi-year opportunity for India. Proposed free trade agreements with the UK…

The Economic Times · Jun 24

Chinese EV makers are shut out of India - but their tech isn't

Despite India's restrictions on Chinese automakers, their electric vehicle technology is finding its way into the Indian market. Tata Motors and JSW Motor are partnering with Chinese firm Chery, utilizing their platforms for EV production. This strategy allows Indian companies to accelerate EV launches while Chinese firms tap into India's…

The Economic Times · Jun 24

‘Who is going to pay us when we’re replaced by robots?’ The Indian factory workers told to film themselves for AI

When workers had cameras attached to them, they found it funny at first. But novelty soon turned to concern

The Guardian - UK · Jun 24

India’s Shapoorji Pallonji Group seeks fresh bond extension as refinancing drags

Shapoorji Pallonji Group is seeking more time to repay Rs 143 billion bonds as refinancing delays persist. Debt backed by its Tata Sons stake faces pressure amid falling valuations. Ongoing lender negotiations and liquidity stress raise concerns over near-term repayments and the group’s broader funding strategy.

The Economic Times · Jun 24

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The Adani stock Morgan Stanley thinks could benefit most from India’s infrastructure push

Morgan Stanley has initiated coverage on Adani Enterprises with an Overweight rating and a target price of Rs 3,638, implying a 23% upside. The brokerage sees AEL as the best-placed Adani Group company to benefit from India’s infrastructure and capex boom, citing its strong presence in airports, roads, data centres…

The Economic Times · Jun 24

Indian-American lawmakers urge diaspora to enter politics amid rise in anti-India sentiment

Indian-American lawmakers are urging the diaspora to actively participate in public life and contest elections to counter rising anti-India hate. Congressmen Raja Krishnamoorthi and Suhas Subramanyam emphasized the need for community voices to be heard in decision-making bodies. They encouraged running for office at all levels, stressing that representation is…

The Economic Times · Jun 24

Donald Trump Avenue: India now has a road named after US president. Here is where and why

Hyderabad has renamed a road near the US Consulate to "Donald Trump Avenue" to mark America's 250th Independence Day. The move by the Telangana government, unveiled by US Ambassador Sergio Gor and Deputy CM Mallu Bhatti Vikramarka, celebrates the strong India-US partnership and Hyderabad's growing role in bilateral ties. The…

The Economic Times · Jun 24

India-Japan relationship could become world’s most important: Japanese Finance Minister

Japan's Finance Minister Satsuki Katayama believes the India-Japan relationship could become the world's most important. Speaking at a Tokyo conclave, she lauded PM Modi and emphasized cooperation between nations sharing common values. The event highlighted significant Japanese investment and business presence in India, with Maruti-Suzuki's record production underscoring the economic…

The Economic Times · Jun 24

How Rohit Sharma Turned Dreams Into a Padma Shri Reality

For millions of cricket fans, Rohit Sharma is a name associated with records, trophies, and unforgettable innings. But on a memorable evening at Rashtrapati Bhavan, the former Indian captain achieved something that went far beyond cricket. As President Droupadi Murmu presented him with the Padma Shri, one of India's highest…

MyLifeXP · Jun 24

Angel One, CAMS and ICICI AMC among JP Morgan's preferred bets on India's SIP boom

JP Morgan has initiated coverage of India’s capital markets sector with a bullish outlook, citing resilient SIP inflows and rising retail financialisation. The brokerage prefers Angel One, CAMS and ICICI AMC, while staying cautious on BSE, KFin, CDSL and MCX despite strong recent stock performance.

The Economic Times · Jun 24

Sensex surges over 500 pts, Nifty above 23,900; Trent shares surge 4%

Indian stock markets showed resilience on Wednesday, with Sensex and Nifty recovering from previous losses. Trent shares surged, leading the gains. While broader markets dipped, IT and Pharma sectors saw modest gains. Analysts noted global tech stock volatility but highlighted India's steady growth and easing crude oil prices. However, concerns…

The Economic Times · Jun 24

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The Economic Times · Jun 24

Meta’s Chris Cox sought Kunal Shah’s WhatsApp advice - then made him leader

Meta Chief Product Officer Chris Cox reached out to Shah directly in the spring, seeking advice on picking the future leader of WhatsApp. Cox had been calling entrepreneurs and investors in places like India, Brazil and Mexico, countries where WhatsApp is a dominant part of business and culture, and Shah’s…

The Economic Times · Jun 24

London court orders Nirav Modi to pay Bank of India Rs 100 crore

A London High Court has ordered fugitive diamantaire Nirav Modi to pay Bank of India over $10.7 million (approximately Rs 100 crore). The judge found Modi liable under a personal guarantee for a loan to his company, rejecting his defenses. Modi, currently in UK custody for a separate fraud case,…

The Economic Times · Jun 24

Waterways Leisure Tourism IPO Day 2: GMP signals flat debut - Should you apply?

Waterways Leisure Tourism IPO entered Day 2 with weak investor demand and a GMP of around 1%, signalling a flat listing outlook. Subscription stood at just 19% on Day 1, with limited institutional interest. Analysts advise caution, recommending investors focus on long-term prospects rather than listing gains.

The Economic Times · Jun 24

India nears 50% domestic coal use in import-based power plants, sources say

India is significantly boosting the use of domestic coal at power plants previously reliant on imports, aiming to slash costly overseas purchases. Over 50% of capacity at these plants is now running on local fuel, with trials expanding this further. This shift is enabled by increased renewable energy generation freeing…

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The Economic Times · Jun 24

Can a bank seize your vehicle after EMI default? What borrowers need to know

Facing vehicle repossession in India? Understand your rights: lenders can't seize your vehicle after just one or two missed EMIs without due process. Recovery agents must not use force or intimidation. You're entitled to notices and can reclaim your vehicle before sale if you regularize your loan. Any surplus from…

The Economic Times · Jun 24

India, Israel sign MoU to strengthen cooperation in public sector auditing

India's Comptroller and Auditor General and Israel's Supreme Audit Institution have inked an MoU to boost public sector auditing cooperation. The agreement facilitates knowledge exchange, technical expertise, and training. Discussions also explored joint seminars to share innovative practices. The visit underscored a shared commitment to transparency and good governance, with…

The Economic Times · Jun 24

Around 400 workers from India, Bangladesh accuse Singapore firms of unpaid wages

Hundreds of migrant workers, primarily from India and Bangladesh, are alleging non-payment of wages by two Singapore-registered firms. Investigations are underway by the Ministry of Manpower and NGOs. Workers also face issues with housing, and food suppliers have ceased services due to non-payment. The situation highlights the challenges faced by…

The Economic Times · Jun 24

After turbulent 2025, DGCA to face US FAA safety review in November

India's aviation regulator, the DGCA, faces a crucial safety assessment by the US FAA this November. This review follows a series of incidents in 2025, raising concerns about potential impacts on Indian carriers' US expansion plans. Despite government confidence, the DGCA's capacity is under scrutiny amid rapid sector growth, highlighting…

The Economic Times · Jun 24

Why Meta tapped Kunal Shah; Beauty’s new factory boom

Happy Wednesday! Meta just handed WhatsApp’s steering wheel to Cred’s Kunal Shah, betting he can turn India’s favourite chat app into a payments and AI powerhouse. This and more in today’s ETtech Morning Dispatch.

The Economic Times · Jun 24

On ESOP value over US$ 60,000 US estate tax up to 40% can be levied after death of even a non-US resident; Here’s how to manage its impact on legal heirs

Indian professionals holding US ESOPs and RSUs face a significant risk of up to 40% US estate tax on assets exceeding $60,000 after their death. This applies even if they are non-residents. Experts suggest strategies like routing shares through GIFT City, investing in UCITS ETFs, or lifetime gifting to mitigate…

The Economic Times · Jun 24

'We are very, very close': US Deputy Assistant Secretary on India-US trade deal

India and the US are nearing a significant trade agreement, with Washington expressing optimism about concluding the deal soon. This historic pact aims to open India's vast market to American goods on mutually beneficial terms, supporting the "Mission 500" goal of $500 billion in bilateral trade by 2030. Recent trade…

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