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The Latest Breaking News from India

Modi wants Indians to press pause on gold. But the $5.2 trillion obsession runs deep

India’s attempt to protect the rupee is now colliding with one of the country’s strongest cultural habits — buying gold. After Prime Minister Narendra Modi urged citizens to avoid gold purchases for a year, the government raised gold import duty from 6% to 15% to reduce pressure on foreign exchange…

The Economic Times

Rubio's visit to India focuses on US trade tensions, the Quad alliance and sightseeing

U.S. Secretary of State Marco Rubio’s visit to India highlights efforts to stabilize relations between Washington and New Delhi

The Independent UK

Priority sector lending boosts inclusion, not always guarantee growth: EAC-PM

India's priority sector lending has aided financial inclusion for decades. However, a recent report suggests that simply increasing directed credit might not lead to higher economic growth. The analysis indicates that while these policies have helped reduce poverty, forcing credit into poorer districts may be inefficient. Priority Sector Lending Certificates…

The Economic Times

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Ajinkya Rahane: Physios cleared Varun Chakaravarthy to play despite fractured toe, said injury wouldn’t worsen

Kolkata Knight Riders captain Ajinkya Rahane revealed that spinner Varun Chakaravarthy played despite a fractured toe after receiving medical clearance. Rahane said KKR consulted BCCI and Indian team physios, who determined the injury would not worsen. Chakaravarthy's decision to continue playing despite pain highlighted his commitment to the team.

The Economic Times

India, Vietnam see rise in rice export rates as demand firms

Vietnam's prices are up as domestic stocks dwindle. Thailand's export rates have also increased. Pre-arranged sales and internal factors are influencing these price hikes. Production concerns are also emerging.

The Economic Times

Who is Gurindervir Singh? India’s fastest man breaks 100m national record, draws comparisons with Usain Bolt after historic 10.09s run

Gurindervir Singh has shattered India's 100m national record, clocking an astonishing 10.09 seconds. This remarkable feat, achieved twice in two days, secures his spot in the Commonwealth Games and silences critics who doubted Indian sprinters. The 25-year-old farmer's son credits his family, coaches, and the Reliance Foundation for his groundbreaking…

The Economic Times

Global equity flows chasing momentum, not value: Anurag Singh

Global equities show firm momentum, driven by US futures near record highs. However, a narrow rally concentrated in mega-cap stocks raises structural concerns, with sectors like healthcare and discretionary consumption showing weakness. Capital allocation is increasingly momentum-driven, with India temporarily out of favor for global investors.

The Economic Times

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'When nations engage in conflict, neighbouring countries are invariably affected': UP minister Om Prakash Rajbhar on repeated fuel price hikes

Fuel prices are rising again across India. A minister blames global supply issues due to the Iran-US conflict. Petrol prices in Delhi have now crossed 100 rupees per litre. This is the fourth increase in less than two weeks. Opposition parties are criticizing the government. They say the hikes pressure…

The Economic Times

Mission Karmayogi 2.0 to institutionalise capacity building reforms across govt: CBC chairperson

Mission Karmayogi's next phase, Karmayogi 2.0, will institutionalize capacity building reforms across government systems, with a focus on states and frontline institutions. The initiative aims to integrate learning into daily governance and prepare public servants for an AI-enabled ecosystem. India is also exploring sharing its capacity-building platform globally.

The Economic Times

Congress calls fuel hikes "silent tax on households", accuses govt of "corporate protection racket"

Fuel prices have risen for the fourth time in ten days. Congress leaders condemn these increases as a silent tax on Indian households. They accuse Prime Minister Narendra Modi of prioritizing corporate interests over public welfare. These hikes impact daily essentials and household budgets across the nation.

The Economic Times

Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?

Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength. These sectors are hitting new highs, driven by structural earnings visibility and long-term growth tailwinds, indicating a fundamental shift beyond mere defensive plays.

The Economic Times

Did you know? This Kantara actress, known for her powerful roles alongside Rishab Shetty in Kannada cinema, is the daughter of Uri attack martyr

Rukmini Vasanth, daughter of martyred Indian Army officer Colonel Vasanth Venugopal, is winning audiences over with her powerful performances in Kannada cinema. After earning widespread praise for her breakthrough role in Sapta Saagaradaache Ello, she is now gaining even greater recognition with her role in the highly anticipated Kantara: Chapter…

The Economic Times

Can salary-linked SIPs transform mutual fund investing for salaried Indians? Experts weigh in

Sebi has proposed a framework allowing salaried employees to invest in mutual funds through salary deductions, similar to EPF and NPS. This initiative aims to simplify investing for first-time users, potentially reducing SIP stoppages and boosting monthly inflows by offering a disciplined, automated savings channel.

The Economic Times

Arvind Panagariya on what RBI transfer of ₹2.87 lakh cr surplus to govt means for Indian economy

The Reserve Bank of India's record ₹2.87 lakh crore dividend transfer offers crucial fiscal support amid global economic turbulence. This substantial sum will bolster government spending on infrastructure, subsidies, and welfare programs. Experts highlight its importance for managing rising costs and maintaining economic stability, even as the RBI adjusts its…

The Economic Times

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The Economic Times

Rubio says India’s concerns over Pakistan are focused on terror groups, not Iran mediation role

US Secretary of State Marco Rubio highlighted India's focus on cross-border terrorism from Pakistan. He noted that India's concerns do not extend to Pakistan's role in facilitating US-Iran discussions. India consistently points to armed terrorist groups operating from Pakistani territory targeting the nation. This distinction clarifies India's primary security issues…

The Economic Times

'Not fond of Indians': Taiwan candidate Lee Hung-Yi's billboard banning turbaned man, upside-down Indian flag sparks concern

Taiwan anti-India billboard: A political candidate in Taiwan Lee Hung-Yi has ignited a social media firestorm with a billboard opposing Indian immigration and the flag. The controversial advertisement features a turbaned man and a 'no entry' sign. Indian residents in Taiwan have expressed feeling uncomfortable and offended by the display.

The Economic Times

Criticisms are justified, I haven't performed well: D Gukesh

Indian chess prodigy D Gukesh acknowledges his recent performances have not met expectations. He is preparing for his World Championship title defense later this year. Gukesh will participate in Norway Chess and the Chess Olympiad before his crucial match against Javokhir Sindarov. He expressed happiness about potentially defending his title…

The Economic Times

Upgrade grid to realise AI dream: Applied Materials executive

Applied Materials urges India to modernise its power grid to fuel its AI ambitions, highlighting the need for reliable, clean energy. The company suggests incentives for clean power adoption and planning AI infrastructure as a connected national system, emphasising the critical role of grid modernisation for technological advancement.

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Newslaundry

Extreme heat imperils chronic disease patients in informal settlements

Within hours of sunrise, the two-room flats in the government-constructed apartment in New Rajarajeshwari Peta in Vijayawada feels like a pot on a stove.

The Economic Times

Biotech startup StrainX Bioworks raises $13 million from Prime Venture, Leo Capital, others

StrainX Bioworks, a synthetic biology and precision fermentation startup, has raised $13 million to advance its biotechnology platform. The company, with a team of over 100 experts, aims to scale production to 100,000 litres and forge global partnerships, positioning India as a leader in biological manufacturing.

The Economic Times

Why market rallied today? Sensex jumps 1,074 points, Nifty closes above 24,000. 5 factors behind surge

Indian stock markets surged on Monday, with Sensex and Nifty rallying over 1% each, driven by rising hopes of a US-Iran peace deal and falling oil prices. The optimism was broad-based, with key sectors like Auto leading the gains, while global markets also showed a positive trend.

The Economic Times

Why foreign investors are exiting Nifty giants to hunt in India's small and midcap market

Foreign institutional investors are shifting their focus from India's top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is driven by growth opportunities in sectors like capital goods, manufacturing, and new-age tech, despite an overall decline in FPI holdings in India.

The Economic Times

Sentiment is broken, fundamentals are not. PL Asset Management CIO says now is the time to buy

Indian equity investors, frustrated by stagnant returns, are urged by Sandeep Neema of PL Asset Management to distinguish weak sentiment from improving fundamentals. He highlights opportunities in financials, metals, power, and pharma, citing strong earnings visibility and attractive valuations. While cautious on IT, Neema advises topping up equity allocations for…

The Economic Times

RBI ready to do 'whatever is required' to curb rupee volatility: Sanjay Malhotra

The Reserve Bank of India is ready to act to stabilize the foreign exchange market. Governor Sanjay Malhotra indicated the rupee may be undervalued. The central bank has tools and reserves to manage volatility. Inflation remains the primary focus for monetary policy. India's economic fundamentals are strong despite global pressures.

The Economic Times

White House invite to PM Modi has flouted protocol, says Ex Diplomat

Former Diplomat Veena Sikri highlights protocol concerns regarding an invitation for Prime Minister Modi. She notes renewed US interest in the Quad, with potential summits discussed. Discussions also covered maritime security, energy security, and the impact of new US visa rules on India. India seeks non-discriminatory processes while exploring energy…

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