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The Latest Breaking News from India

India monsoon floods, landslides kill more than 100 since July

NEW DELHI — Floods and landslides triggered by monsoon rains have killed more than 100 people across India since July, official data showed Wednesday, with thousands forced to flee their inundated homes.

Bangkok Post

Canada man never receives homemade food sent from India: Consumer commission orders courier company to pay over Rs 65,000; here's why

Canada man never receives homemade food sent from India after the courier company damaged the parcel mid-transit and discarded it without delivering it or returning it to the sender. A Hyderabad consumer commission has ordered NRI Air Cargo and its partners to jointly pay over Rs 65,000 in refunds, compensation,…

The Economic Times

HSBC picks ICICI Bank, Titan, 8 other stocks to ride a potential $25 billion FII inflow as AI trade volatility looms

HSBC expects India to attract up to $25 billion in foreign equity inflows if global investors rebalance portfolios away from volatile AI-driven markets. The brokerage has identified 10 preferred stocks, including ICICI Bank, Titan, M&M and Adani Ports, citing strong earnings visibility, domestic demand and structural growth drivers.

The Economic Times

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Plastic notes in India get a likely release date: Here's what RBI Governor said

Plastic currency notes may enter circulation at the start of next financial year. The Reserve Bank of India is targeting this rollout after completing field trials. These polymer notes will be introduced in ten and twenty rupee denominations. They are expected to be more durable and last significantly longer. Existing…

The Economic Times

QSR stocks near turning point as risk-reward turns favorable, says Motilal Oswal

The Indian quick-service restaurant (QSR) sector is entering a favourable phase after a challenging period, according to Motilal Oswal Financial Services. The brokerage believes easing valuations, improving operational trends, and long-term consumption growth could support a recovery in QSR stocks. It remains selective in the space and highlights Jubilant FoodWorks,…

The Economic Times

Will FCNR (B) deposit scheme that's bringing billions of dollars to India end? RBI Governor says this

The Reserve Bank of India will continue its special FCNR(B) deposit scheme. This scheme has already attracted tens of billions of dollars into the country. Governor Sanjay Malhotra expressed satisfaction with the robust foreign exchange inflows. The central bank expects more funds to arrive in the coming weeks. There are…

The Economic Times

India bonds jump as oil crashes, dovish RBI may further boost rally

Indian government bonds saw a notable rise on Wednesday morning, propelled by falling oil prices that created a favorable outlook for inflation prior to the upcoming RBI policy announcement. The Reserve Bank of India is anticipated to hold steady on key interest rates. Inflation projections will significantly inform the central…

The Economic Times

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MapMyIndia shares drop 8% despite strong Q1 earnings; PAT jumps 8% YoY

MapMyIndia shares dropped sharply on Wednesday despite reporting healthy Q1 FY27 earnings, with revenue rising 15% and PAT growing 8.6% year-on-year. Strong growth in automotive and IoT businesses offset margin pressure from a one-time write-off and changes in product mix, while cash reserves continued to strengthen.

The Economic Times

Darshan Magdum's US visa approved following months-long wait after Boy Throb proved it was a real band

Indian vocalist Darshan Magdum has secured a US O-1 visa after a months-long process in which his viral band, Boy Throb, had to prove to US immigration authorities that it was a legitimate music group. The band's online campaign, Zoom performances and additional documentation helped support the application, allowing Magdum…

The Economic Times

Changes in EBLR & MCLR framework, interest rate charging mechanism and how reset dates are decided- RBI proposal

RBI MPC policy: The Reserve Bank of India plans to simplify loan interest rate rules for all regulated entities. This initiative aims to harmonize guidelines and address operational aspects of current lending rate benchmarks. The proposed changes will standardize market practices concerning interest charging and benchmark reset dates. These measures…

The Economic Times

The Ghost of the Mountains by Kulbhushansingh Suryawanshi review – the secrets of the snow leopard

An Indian mountaineer follows in the footsteps of explorers and conservationists in search of an enigmatic animal

The Guardian - UK

Manipal Health shares list at 11% premium to beat GMP estimates. What should allotted investors do?

Manipal Health Enterprises shares debuted at an 11% premium over the IPO price, beating grey market expectations. Brokerages remain constructive on the hospital chain's long-term prospects, though some caution that valuations are rich. Here's what experts recommend for allotted investors and those considering fresh entry.

The Economic Times

'You will be Ambassadors of Bangladesh in India': HC Dinesh Trivedi tells ICCR scholarship recipients

Indian High Commissioner Dinesh Trivedi congratulated Bangladeshi students receiving ICCR scholarships. These scholars will pursue higher education in India during the 2026-2027 academic year. Over 541 students received prestigious scholarships for various academic disciplines. The High Commissioner encouraged them to be ambassadors connecting both nations. India eagerly awaits these bright…

The Economic Times

No practice games for Australia before next year's India Tests: Head coach Andrew McDonald

Australia will not play a practice match before its five-Test Border-Gavaskar Trophy series in India next year, with head coach Andrew McDonald saying a preparatory camp in conditions similar to the subcontinent would offer better preparation. He added that players in contention for the India tour may also prioritise training…

The Economic Times

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The Economic Times

RBI MPC Meeting 2026: Central bank flags a threat for Indian agriculture warming up in the Pacific

The RBI has flagged El Niño and an uneven southwest monsoon as key risks to agriculture, rural demand and the broader economy, despite cutting its FY27 inflation forecast to 5%. Governor Sanjay Malhotra said government measures, including climate-resilient crops, water conservation and adequate foodgrain stocks, should cushion the impact, though…

The Economic Times

CWG gold medallist para athlete Dilip Gavit aims to set world records in 100m & 400m

Fresh from winning the 100m gold with a Games record on his Commonwealth Games debut in Glasgow, para sprinter Dilip Gavit has set his sights on breaking the world records in both the 100m and 400m at next month's Para Asian Games in Japan. The T47 athlete said he is…

The Independent UK

Projectile sinks Indian ship off Yemen’s coast as India condemns ‘unprovoked attack’

Yemeni coast guard safely rescues ship’s 14 crew members

The Economic Times

RBI's rate, GDP and inflation verdicts also come with some stark warnings

2026 RBI MPC Meeting: The Reserve Bank of India maintained its repo rate at 5.25 percent on Wednesday. This decision marks the fourth consecutive meeting without a change in the key interest rate. The central bank cited sticky inflation and geopolitical risks as reasons for its cautious approach. Global economic…

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The Economic Times

Ola Electric expands into utility-scale energy storage; signs first MoU with Axis Energy

Ola Electric has signed an MoU with Axis Energy to explore deploying up to 20 GWh of battery energy storage systems by 2032. The partnership marks the first large-scale commercial agreement for Ola's upcoming Mahashakti energy storage platform, which is set to launch on August 15, and aims to support…

The Economic Times

India's July services sector growth slides to over four-year low as demand wilts: PMI

India's services sector growth slowed significantly in July, reaching its weakest pace in over four years. New business expansion was moderate, posting the softest growth in nearly four-and-a-half years. Hiring activity saw a modest increase after a six-month low, marking continued job creation. Input cost inflation eased, but firms raised…

The Economic Times

RBI to resume urban cooperative banks' licensing after 22-year pause, review rural bank rules

The Reserve Bank of India will resume urban cooperative bank licensing after a 22-year pause. A comprehensive review of credit monitoring for rural cooperative banks is also planned. The central bank proposed standardizing lending rate frameworks for greater transparency. These announcements followed the decision to keep the policy repo rate…

The Times of India

MAGA level score against samba as US and Brazil play diplomatic football

The TOI correspondent from Washington : If you think ties between the US and India are shaky, the diplomatic world is shuddering at developments between Washington and Brasília. In a profession where glad-handling and bear hugs, pomp and ceremony, communiques and agreements are the routine between friendly countries, the United…

The Economic Times

RBI MPC meeting August 2026 highlights: Repo rate decision, inflation outlook & GDP forecast; key takeaways from Governor Sanjay Malhotra's speech

RBI MPC meeting August 2026 highlights: The Reserve Bank of India has decided to keep the repo rate steady at 5.25 percent, reflecting a cautious approach amid global instability and persistent inflation pressures. Despite these challenges, the domestic economy demonstrates resilience, with a projected GDP growth of 6.7 percent for…

The Economic Times

Ola Electric Mobility shares rally over 7%. What's boosting investor sentiment?

Ola Electric shares surged after the company signed an MoU with Axis Energy to deploy up to 20 GWh of battery energy storage systems by 2032. The partnership is the first major tie-up for Ola Mahashakti, its upcoming energy storage platform set to launch on August 15.

The Economic Times

RBI GDP Growth 2026-27: Malhotra & Co lift FY27 GDP forecast to 6.7% from 6.6% on growth resilience

RBI GDP Growth 2026: The Reserve Bank of India raised its FY27 GDP growth forecast to 6.7 percent. It kept the policy repo rate unchanged at 5.25 percent. The central bank cited resilient domestic economic activity and a better first quarter. Inflation risks from higher oil prices and weather shocks…

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