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The Latest Breaking News from India

Rupee falls 21 paise to 94.71 against US dollar in early trade

The rupee depreciated 21 paise to 94.71 against the US dollar due to the US Federal Reserve's hawkish stance and a strong dollar index. Asian currencies also weakened, impacting the rupee. Meanwhile, positive sentiment emerged from reports of a US-Iran memorandum of understanding and ongoing trade talks between India and…

The Economic Times · Jun 18

Japan's Asahi taps Varun Beverages to make India debut with 'CALPIS'

Japan's Asahi Group is bringing its CALPIS brand to India through a partnership with Varun Beverages Limited. This marks Asahi's entry into India's non-alcoholic, non-carbonated beverage market. Varun Beverages will handle manufacturing, distribution, and sales. CALPIS is expected to launch in India by the second half of 2026. The brand…

The Economic Times · Jun 18

Trump calls Modi ‘most beautiful man’ during press conference – while Indian PM takes no questions

The flattering comments from Trump come a week after India urges US to halt strikes on shipping following three attacks on ‌Indian-crewed tankers

The Independent UK · Jun 18

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'Many people thought I was crazy': Former Delhi Police Sub-Inspector quits secure govt job to become real estate agent in Australia, here's how can you become a realtor in Oz

A former Delhi Police Sub-Inspector, Nishant Tomar, left a secure government job in India to pursue a career as a real estate agent in Australia. He shared his journey of starting from scratch, facing uncertainties, and building a successful career, inspiring many Indians abroad to embrace calculated risks for significant…

The Economic Times · Jun 18

NSE IPO Effect: New India Assurance shares rally 14% on plans to offload over 1 crore shares in blockbuster offer

New India Assurance shares surged over 14% following the National Stock Exchange's (NSE) filing of its Draft Red Herring Prospectus (DRHP) for its long-awaited Initial Public Offering (IPO). The government-owned insurer will offload over 1 crore shares as part of the offer-for-sale, with seven PSU shareholders divesting nearly 8 crore…

The Economic Times · Jun 18

RIL AGM 2026: Jio IPO and 4 other big bets Mukesh Ambani could unveil

Reliance Industries Chairman Mukesh Ambani is set to reveal major plans at the 49th annual general meeting. Investors anticipate updates on the Jio IPO, a significant $110 billion AI and data center blueprint, and progress on new energy giga complexes. Retail expansion and updates on the core Oil-to-Chemicals segment are…

The Economic Times · Jun 18

A weaker opposition, a stronger NDA: How new parliamentary arithmetic could make this monsoon session unlike any other

Monsoon Session 2026: Parliament's monsoon session faces internal opposition battles. Splits in Trinamool Congress and uncertainty in Shiv Sena (UBT), along with the Congress-DMK alliance breakdown, alter parliamentary numbers. This shift could empower the Modi government to advance key legislative goals. The government's support base may increase, making previously difficult…

The Economic Times · Jun 18

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Andhra Pradesh govt to launch Amaravati quantum and AI innovation centre

Andhra Pradesh is launching the Amaravati quantum and AI innovation Centre with IBM. This initiative aims to create India's largest quantum problem-solving force. The centre will connect industry challenges with academic talent and global technology expertise. It will accelerate practical quantum computing applications. This effort involves 380 Quantum Innovation Cells…

The Economic Times · Jun 18

Indian exporters look beyond US, UK amid global uncertainties: PayPal's Abid Murshed

Indian MSMEs are shifting focus from initial sales to sustainable global growth, facing challenges in operational realities and cost competitiveness. PayPal's Abid Murshed highlights the importance of trust, seamless payments, and data-driven insights to overcome these hurdles and unlock emerging export opportunities beyond traditional markets.

The Economic Times · Jun 18

Student suicides to education budget: The issues Rahul put at the centre of ‘Chhatron Ki Goonj’ in Kota

Congress leader Rahul Gandhi has launched a new student outreach campaign, “Chhatron Ki Goonj” (Echo of Students), in Kota, calling for an end to “India’s exploitative education system”.

Newslaundry · Jun 18

Two techies from India and Pakistan built an AI startup - Now both are billionaires thanks to Elon Musk. Here's all about Aman Sanger and Sualeh Asif

Two young entrepreneurs, Aman Sanger from India and Sualeh Asif from Pakistan, have joined the billionaire ranks. Their company, Cursor, a popular AI coding assistant, was reportedly acquired by Elon Musk for $60 billion. This deal is expected to net each of them around $2.7 billion. Cursor, founded in 2022,…

The Economic Times · Jun 18

India taps World Bank, ADB for $2.5 billion infrastructure spend

India is in talks with the World Bank and Asian Development Bank for substantial funding. This financial support aims to boost urban infrastructure and create jobs. The loans will help New Delhi manage its budget after increased spending on subsidies. The government plans to upgrade infrastructure and urban renewal projects.

The Economic Times · Jun 18

KKR eyes at least $1 billion stake in Medicover's India hospital arm, source says

Global investment firm KKR is in advanced discussions to acquire a significant stake in Medicover's Indian hospital operations. The deal is valued at over one billion dollars. Medicover, a Swedish healthcare group, confirmed these talks. This potential acquisition marks a substantial expansion for KKR in India's growing healthcare sector.

The Economic Times · Jun 18

NSE vs BSE: Should investors buy BSE shares now or wait for one of the biggest IPOs in India?

NSE's DRHP filing brings its IPO closer, but analysts suggest BSE's stock has already priced in this event. While the listing offers a direct comparison, BSE's future upside is expected to be driven by its own business performance and earnings growth, not solely by the NSE IPO trigger.

The Economic Times · Jun 18

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The Economic Times · Jun 18

Market has already priced in plenty of negativity; outlook looks promising: Prashant Khemka

Prashant Khemka of WhiteOak Group believes the Indian equity market has largely priced in current pessimism, arguing that uncertainty is a constant in investing. He notes that a significant adjustment has already occurred, making it a favorable time for investors. Khemka also dismisses concerns of a market bubble in India.

The Economic Times · Jun 18

From Rs 2 crore to Rs 5,000 crore! How NSE IPO is a jackpot for SBI with 256,775% profit

State Bank of India anticipates a massive Rs 5,000 crore profit from the National Stock Exchange's upcoming Rs 30,000 crore IPO. This IPO is set to be India's largest ever. Many long-term investors are also poised for extraordinary returns on their initial investments. The NSE's listing on the BSE follows…

The Economic Times · Jun 18

Bengaluru, Pune, Hyderabad, Mumbai and Chennai dominate India’s AI talent map: Report

Nearly one in five AI learners comes from Tier II cities such as Lucknow, Patna, Jaipur, Indore, Nagpur, Chengalpattu and Coimbatore, according to Scaler's India AI Workforce Report 2026, a study of career outcomes among India's AI-skilled workforce.

The Economic Times · Jun 18

The onshore gateway to global capital

India's economy is set to grow significantly, but its global market presence lags. GIFT IFSC is building infrastructure to bridge this gap. Indian households can now invest in global markets through a regulated route. This offers tax and regulatory advantages. The platform facilitates easy access to international exchanges for retail…

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The Economic Times · Jun 18

Defence stocks fire up! Paras Defence, BEL, GRSE, other stocks surge up to 24% in 2 days. What's powering the rally?

Defence stocks extended their rally for a second straight session, with Paras Defence surging 24% in two days and BEL, GRSE, HAL, and others posting strong gains. Investor sentiment was boosted by record FY26 defence production, rising private-sector participation, growing exports, and optimism around India's self-reliance push.

Newslaundry · Jun 18

In the red and on their knees: Why corporate media tolerated its own ruin under Modi

In the summer of 2020, India had no shortage of stories.

The Economic Times · Jun 18

NSE IPO to create significant value for investors; Tata Motors a strong long-term bet: Dipan Mehta

Dipan Mehta of Elixir Equities views the National Stock Exchange's IPO as a significant event for India's capital markets, promising greater transparency and wealth unlocking for investors. He also advises caution on the automobile sector due to multiple headwinds but remains optimistic about Tata Motors' long-term prospects, citing its product…

The Economic Times · Jun 18

ET Alpha Wealth Summit | Is alpha dead in Indian markets? Devina Mehra says no, but the game has changed

Stock-picking is not over, but the way to achieve better returns is changing. Most investors are missing the real story. Devina Mehra of First Global highlighted that a narrow rally last year meant many portfolios suffered even as indices rose. She stressed that diversification is mathematical, not magical, and global…

The Economic Times · Jun 18

Will Zee Entertainment’s FIFA World Cup deal turn the needle for its 3.3 crore shareholders?

Zee Entertainment Enterprises pulled off a surprise win by securing India's broadcast and digital rights for multiple FIFA events through 2034, including the FIFA World Cups in 2026 and 2030, after rivals failed to clinch the deal. The move has boosted investor optimism, with Zee shares gaining over 30% in…

MyLifeXP · Jun 18

How PM Modi Avoids Power Fatigue After 12 Years

Most leaders struggle to maintain the same level of energy, focus, and public connection after years in power. Fatigue sets in. Fresh ideas become rare. Public enthusiasm begins to fade. Yet after more than a decade leading India, Prime Minister Narendra Modi continues to dominate national conversations, launch new initiatives,…

The Economic Times · Jun 18

Fuel prices in India won't fall immediately despite global crude slump, MoS Suresh Gopi reveals why

Union Minister Suresh Gopi explained that immediate fuel price reductions aren't possible despite global crude cost drops due to transit times and other factors. He highlighted the central government's Rs 12,000 crore absorption of past impacts, urging states to also contribute.

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