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The Latest Breaking News from India

Only 50 Coming! The Skoda Kodiaq RS Secret Revealed

What happens when a family-friendly seven-seater meets the heart of a performance sports car? The answer is the all-new Skoda Kodiaq RS. With just 50 units initially allocated for India, this isn't just another SUV launch. It is a rare machine designed for enthusiasts who want speed, luxury, practicality, and…

MyLifeXP · Jun 23

Kalshi bars India users after govt bans prediction markets

US-based prediction market Kalshi has now officially restricted Indian users from trading, following government action against such platforms. This move comes weeks after India's IT ministry warned against participating in online prediction markets and blocked access to sites like Kalshi. The government's crackdown aligns with its new online gaming regulations,…

The Economic Times · Jun 23

'Imperative' for India and China to respect each other's core interests: Wang

Chinese Foreign Minister Wang Yi emphasized it is "imperative" for India and China to respect each other's "core interests" and take concrete steps to implement leader-level consensus. Meeting National Security Advisor Ajit Doval in New Delhi, Wang highlighted that both nations are partners, not rivals, and should promote cooperation for…

The Economic Times · Jun 23

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GST wins India Inc's vote, but businesses seek faster refunds and smarter reforms: Deloitte

India's GST regime has achieved widespread acceptance, with digitisation and rate adjustments hailed as major successes. Businesses now prioritize clearer interpretations, uniform audits, and faster refunds to ease working capital. The corporate sector is eager for AI-powered compliance tools and a unified taxpayer dashboard, signaling a push for more advanced,…

The Economic Times · Jun 23

Kunal Shah Joins Meta as WhatsApp Head, Steps Down from CRED

In a major development that has surprised and delighted the Indian startup ecosystem, CRED founder Kunal Shah is set to join Meta as the Global Head of WhatsApp. The announcement comes alongside leadership changes at CRED, where Shah will step down as CEO, handing over interim charge to Miten Sampat.

Whats Hot · Jun 23

Slowing rural incomes could weigh on consumer demand: Dhananjay Sinha

Headline rural wage growth in India is misleading, with underlying increases significantly lower than reported. Rising inflation, reverse migration from cities, and an uncertain monsoon threaten to dampen rural demand. Consumer companies may face squeezed purchasing power as prices climb and real wages stagnate, potentially impacting their profitability and volume…

The Economic Times · Jun 23

Kotak Mahindra Bank has 'high ambitions' to deploy capital for growth, CEO says

Kotak Mahindra Bank is actively pursuing acquisitions, including loan portfolios and alternative assets, to deploy surplus capital and fuel growth. CEO Ashok Vaswani aims for the bank to become India's third-largest private lender by profit. The bank is also investing heavily in technology and AI to enhance efficiency, expecting workforce…

The Economic Times · Jun 23

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Chinese tech, investments welcome, but trade opening needs caution: CII President

Chinese investments and technology are welcome in India, but a cautious approach is needed for trade, according to CII President R Mukundan. He emphasized reducing import dependence on China and boosting domestic manufacturing. Mukundan also highlighted potential collaborations in battery storage and semiconductor chemicals. Regarding the US, he stressed the…

The Economic Times · Jun 23

LiLLBUD raises Rs 6 crore seed round led by Zeropearl VC

Addressing a critical gap for safe, science-backed developmental toys in India, LiLLBUD prioritizes BIS certification to combat the prevalence of uncertified, potentially harmful products.

The Economic Times · Jun 23

Delhi High Court reaffirms AITA General Body's authority in constitutional amendments

The Delhi High Court has asserted the All India Tennis Association's General Body's ultimate authority in amending its constitution. Proposed changes will now undergo clause-by-clause deliberation and voting by members. This interim order, while modifying a previous ruling, upholds the democratic process for constitutional reforms and upcoming elections, ensuring AITA's…

The Economic Times · Jun 23

Piyush Goyal, US Trade Representative Jamieson Greer begin talks on trade pact

India and the US are in high-level talks to finalize the first phase of their bilateral trade agreement. Commerce Minister Piyush Goyal met with US Trade Representative Jamieson Greer to iron out details, aiming to give a final touch to the framework deal. Both nations are working to close open…

The Economic Times · Jun 23

He made cooking safe for all Indian, gave away his business patent for free: Meet Padma awardee Prestige cooker owner TT Jagganth who turned a near-bankrupt firm into one of most recognised cookware

Late industrialist T. T. Jagannathan, the visionary behind the Gasket Release System that revolutionized pressure cooker safety, will be honored with a posthumous Padma Award. His groundbreaking innovation, freely shared with the industry, enhanced safety for millions. Jagannathan also transformed TT Limited into a billion-dollar enterprise, earning him the title…

The Economic Times · Jun 23

Mother sold her jewellery to buy me cricket kit: Kranti Gaud wants to win T20 World Cup repay family

Indian pacer Kranti Gaud, a regular in the national team, remains grounded, cherishing her parents' sacrifices, including her mother selling jewellery for her cricket kit. Now aiming to make them proud at the T20 World Cup, Gaud's journey has inspired a cricket academy in her village, empowering young girls to…

The Economic Times · Jun 23

Waterways Leisure Tourism IPO sees a slow response on Day 1 so far. Should you subscribe?

Waterways Leisure Tourism’s IPO opened to a muted response, with subscription at 7% on Day 1 and weak institutional participation. While the company benefits from leadership in India’s cruise market and expansion plans, subdued grey market signals and execution risks have kept investor enthusiasm measured.

The Economic Times · Jun 23

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MyLifeXP · Jun 23

How AI Is Secretly Changing Your Bank Account

What if your bank could spot a scam before it happened? What if a loan could be approved in minutes, even if you had never taken credit before? And what if your insurance premium could adjust to your lifestyle in real time? This is no longer a futuristic dream. Across…

The Economic Times · Jun 23

Chalo Delhi NCR! Adani or Sobha, India's biggest developers are heading to the national capital region

India's national developers are significantly boosting their presence in Delhi-NCR's housing market, capturing over 13% of new supply by 2025, a jump from just 3% in 2022. Homebuyers increasingly favor established brands and large listed builders, driving this shift. This trend signals a more institutionalized and brand-driven NCR housing sector,…

The Economic Times · Jun 23

Innov8 acquires Vatika Business Centres to expand co-working biz

Coworking firm Innov8 has acquired Vatika Business Centres, significantly expanding its footprint across India. This strategic move integrates 11 prime business centres in major cities, bolstering Innov8's presence in key commercial hubs. The acquisition aims to enhance client value through expanded offerings and improved technology, aligning with Innov8's vision for…

The Economic Times · Jun 23

Italy brings Botticelli masterpiece to India, cultural ties to deepen further: Envoy Antonio Bartoli

Italy is deepening its ties with India through cultural exchanges, highlighted by the 'One Mother, Many Mother Tongues' exhibition in New Delhi. Featuring Botticelli's 'Madonna and Child' and ancient Indian sculptures, the show underscores shared human heritage. This initiative, part of a Special Strategic Partnership, aims to foster stronger people-to-people…

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The Economic Times · Jun 23

Telegram vs MeitY: From takedown orders to temporary ban, a look at the history of clashes with the social media platform

MeitY’s most severe platform-wide intervention latest flashpoint in long history of clashes between Telegram and authorities in India.

The Economic Times · Jun 23

Biosimilars and innovation will drive Indian pharma's next growth phase: Vishal Manchanda

India's pharmaceutical sector is pivoting beyond generics, with companies aggressively pursuing growth in biosimilars, nutraceuticals, and consumer healthcare. While US FDA approvals for complex generics remain a challenge, innovation and contract manufacturing offer significant future profit pools. Experts anticipate biosimilars could generate substantial revenue, and despite a slow start, GLP-1…

The Economic Times · Jun 23

India bonds rangebound as oil-led rally loses steam

Indian government bonds held steady as a recent rally paused, with investors now awaiting cues from Bloomberg's index inclusion decision and the monsoon's impact. Yields on the benchmark 2036 note saw a slight dip. Expectations of foreign inflows, boosted by potential index inclusion and easing oil prices, are supporting the…

The Economic Times · Jun 23

Syrma SGS Technology shares jump 5% after JV pact with Japan’s Kaga Electronics

Syrma SGS Technology's shares jumped nearly 5% after announcing a significant joint venture with Japan's Kaga Electronics. This collaboration aims to establish a cutting-edge manufacturing facility in India, primarily serving Japanese clients and bolstering Syrma's presence in high-value electronics. The partnership, with Syrma holding a 60% stake, is seen as…

The Economic Times · Jun 23

Brahmos gets another customer: One of Middle East's biggest arms importers and top US weapons buyer eyes India's BrahMos and Akashteer systems

India and the UAE are in early-stage discussions for the potential sale of Indian defence platforms, including the supersonic BrahMos missile and the Akashteer air defence network. This move signifies the UAE's push to bolster its military capabilities amid regional security concerns. If finalized, the UAE would join a growing…

The Economic Times · Jun 23

No bids made in Indian Oil tender for ships to carry Gulf cargoes, say sources

Indian Oil Corporation has failed to secure any bids for chartering vessels to transport crude oil and LPG from the Strait of Hormuz. Ship owners are hesitant due to the current geopolitical climate, preferring to await clearer terms before entering the region. The tenders sought to move significant quantities of…

The Economic Times · Jun 23

Explained | What is the 'Boss Scam' and how hackers are using CEOs' WhatsApp accounts to steal money

A sophisticated 'Boss Scam' is targeting Indian companies, with cybercriminals hijacking executives' WhatsApp accounts to authorise fraudulent payments. These attackers impersonate regulators, tricking leaders into downloading malware that grants access to their communication. Employees are then instructed to make urgent transfers, exploiting trust and fear.

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