The Latest Breaking News from India

Amazon points to water conservation steps in India amid data centre scrutiny

Amazon has achieved a significant water conservation milestone in India, becoming "water positive" a year ahead of schedule. This means the tech giant now replenishes more water than it consumes across its Indian operations, including data centres. The move comes amid growing global scrutiny of tech companies' environmental impact, particularly…

The Economic Times · Jun 19

What actually determines your car's final selling price online

India's booming used car market sees online valuations as a starting point, not a final offer. While platforms like Cars24 aim for transparency, a gap often exists between initial estimates and final prices due to condition discrepancies and shifting market demand. Understanding these factors is crucial for sellers navigating the…

The Economic Times · Jun 19

Ambani says Reliance succession plan near completion as children take over day-to-day operations

Mukesh Ambani announced the near-complete transfer of daily management at Reliance Industries to his children, Akash, Isha, and Anant. They are now leading key sectors like telecom, retail, and new energy, signaling the final stages of a significant succession plan. Ambani expressed confidence in their ability to steer the conglomerate…

The Economic Times · Jun 19

RBI MPC member Nagesh Kumar flags import dependence, Gulf remittances, El Nino risks in minutes

India faces significant economic risks from the West Asia conflict, including potential disruptions to oil and fertilizer imports via the Strait of Hormuz and reduced remittances from the Gulf. El Niño-induced monsoon failures also pose a threat to agriculture. Despite these vulnerabilities, the nation's strong foreign exchange reserves and fiscal…

The Economic Times · Jun 19

RBI MPC minutes: 'Energy prices unlikely to return to pre-conflict levels,' says economist Saugata Bhattacharya

The Reserve Bank of India's Monetary Policy Committee maintained the repo rate at 5.25% with a neutral stance. External member Saugata Bhattacharya highlighted escalating inflationary risks from supply shocks, weather patterns, and energy prices. He also noted rising inflation expectations and potential global spillovers. Despite these concerns, he advocated for…

The Economic Times · Jun 19

The operations network behind Amazon's play to become India's everyday store

Amazon is reshaping India's quick-commerce sector through significant investments in foundational infrastructure rather than merely focusing on rapid delivery. By developing an intricate network of collection points, processing plants, and micro-fulfillment centers, and partnering with over 16,000 farmers, the company aims to enhance the supply chain. This includes advanced cold-chain…

The Economic Times · Jun 19

India's beauty, personal care market seen at $39 billion by 2030: Flipkart

India's beauty and personal care market is set for a significant surge, projected to hit $39 billion by 2030. Flipkart's report reveals a shift from luxury to daily essential, with Gen Z driving growth and demand expanding beyond metros. Hyperlocal needs are shaping product preferences, indicating a democratized and evolving…

The Economic Times · Jun 19

India to send 125-130 athletes to CWG; IOA won't interfere in selection matters: Raghuram Iyer

India is sending 125-130 athletes to the Glasgow Commonwealth Games, competing in eight able-bodied and four para sports. This scaled-down event follows Victoria's withdrawal, with Glasgow stepping in as host. The Indian Olympic Association (IOA) is also planning for the much larger Asian Games and remains in dialogue with the…

The Economic Times · Jun 19

India’s forex reserves fall $9.99 billion to $671.63 billion as of June 12

India's foreign exchange reserves saw a dip of nearly $10 billion to $671.63 billion in the week ending June 12, 2026. This decline was primarily driven by a significant drop in gold reserves, despite a rise in foreign currency assets. The nation still holds a substantial forex buffer, crucial for…

The Economic Times · Jun 19

RIL AGM: Jio listing soon, but anybody's guess on Reliance Retail IPO. Here's what Mukesh Ambani said

Reliance Industries Chairman Mukesh Ambani steered clear of any timeline for the much-anticipated Reliance Retail IPO at the recent annual general meeting. Instead, he emphasized the retail giant's impressive scale, profitability, and ambitious growth plans. While investors hoped for listing updates, Ambani highlighted the business's strong operating performance and its…

The Economic Times · Jun 19