The Latest Breaking News from India

‘Dream fulfilled’: Vaibhav Sooryavanshi gets India jersey, says words can’t describe the feeling

Fifteen-year-old Vaibhav Sooryavanshi, India's newest cricketing sensation, expressed overwhelming joy upon receiving his maiden national jersey, a lifelong dream realized. His remarkable ascent, marked by record-breaking performances including a 29-ball 94 and a sensational IPL 2026 campaign, has seen him become the youngest ever Indian player. Sooryavanshi's selection for upcoming…

The Economic Times · Jun 23

Have a US 401(k)? Indians must report withdrawals and maturity details in ITR schedules FSI and FA

Indian taxpayers with US 401(k) accounts must now report withdrawals and maturity details in ITR schedules FSI and FA. Failure to disclose can lead to tax issues. Filing Form 40 is crucial for deferring Indian tax until withdrawal, aligning with US taxation and potentially enabling Foreign Tax Credit benefits. New…

The Economic Times · Jun 23

Who Is Kunal Shah? The Indian Founder Meta Bet $900 Million on to Lead WhatsApp

Kunal Shah, founder of CRED, appointed as global head of WhatsApp by Meta, following a £680 million investment in his startup. Miten Sampat steps in as interim CEO of CRED.

International Business Times UK · Jun 23

India welcomes US-Iran peace deal, NSA Doval says pact brings 'cautious optimism'

India's National Security Advisor Ajit Doval expressed cautious optimism regarding the US-Iran MOU, anticipating it will bolster energy security and ease supply chain issues for crucial goods like fertilisers. He highlighted the positive implications for freedom of navigation in the Strait of Hormuz, predicting a significant boost to regional and…

The Economic Times · Jun 23

Smiles, fries & air-fryers: Why Canadian food giant McCain is bullish on India’s snacking boom

Consumers are embracing global and local flavours, driving innovation in products like fries and premium appetisers. McCain is actively addressing perceptions of frozen foods, focusing on education and the positive in-home experience, while also investing in a robust farm-to-fork ecosystem.

The Economic Times · Jun 23

India's June private sector growth slips to three-month low as demand, confidence cool, PMI shows

India's private sector growth slowed in June, hitting a three-month low as weaker demand impacted both factories and services. Business confidence dipped to its lowest since January. While cost pressures eased, firms faced challenges with new orders and exports. Job creation also saw its weakest gain in six months, reflecting…

The Economic Times · Jun 23

Cruise tourism can be a major multiplier for India’s travel and MSME sectors

India’s cruise tourism sector is sailing into a new phase of growth, creating opportunities for MSMEs across travel, hospitality, logistics, and destination services.

The Economic Times · Jun 23

India's defence export boom could hit ₹65,000 crore by 2030; pvt sector startups the real play: Sunil Subramaniam

India's defence exports are poised to surpass government targets, reaching ₹60,000-65,000 crore by 2030, according to market expert Sunil Subramaniam. He advises investors to look beyond the Nifty Defence Index, highlighting the private sector's innovation in drones and UAVs, especially with demand from Gulf nations. Subramaniam also points to upcoming…

The Economic Times · Jun 23

Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAA

The Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ payments from his Indian employer due to his overseas work, then this payment is not taxable under Article 16 of India-UK Double Tax Avoidance Treaty (DTAA).

The Economic Times · Jun 23

Jaishankar holds wide-ranging interactions as India-Mongolia reaffirm strengthening ties

External Affairs Minister S. Jaishankar concluded a series of high-level meetings in Ulaanbaatar, strengthening India-Mongolia ties. Discussions with the Speaker of the State Great Khural, Education Minister, and former President focused on parliamentary exchanges and people-centric development. Jaishankar also held comprehensive talks with his Mongolian counterpart, exploring enhanced cooperation in…

The Economic Times · Jun 23