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The Latest Breaking News from India

ITC's Sanjiv Puri says CPP acquisition marks 'defining milestone' for paper business

In a social media post, Puri welcomed the CPP workforce to ITC, saying the integration brings together two enterprises with a shared commitment to excellence, innovation, competitiveness and sustainable value creation.

The Economic Times

Closing auction session for equity cash segment comes into effect

India's stock markets have introduced an innovative auction system to determine closing prices, specifically designed for cash market stocks paired with derivative contracts. This progressive framework is set to enhance transparency and effectiveness in price discovery, aligning India with international standards. Consequently, it will influence the settlement prices for both…

The Economic Times

Monsoons kill at least 15 in India as record downpours cause devastation

IN FULL

The Independent UK

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Banks mobilise $27.99 billion via FCNR deposits since RBI introduced USD-rupee forex swap facility

Banks have mobilized USD 27.99 billion from non-resident Indians through a forex swap facility. Domestic payment frauds across all banks amounted to Rs 489 crore as of June 2026. Near-universal banking coverage has been achieved, serving most inhabited villages with banking outlets. Over 58.77 crore PMJDY accounts hold substantial balances,…

The Economic Times

Unbound Forms at the Hepworth: how Indian and Bangladeshi artists turned craft traditions into contemporary sculpture

Craft traditions are often imagined as practices rooted in the past: carefully preserved techniques passed from one generation to the next. But Unbound Forms at The Hepworth Wakefield reveals a more dynamic story. Bringing together the work of five pioneering women artists from India and Bangladesh, the exhibition shows how…

The Conversation

India bonds end flat as oil drop offsets index setback

On Monday, Indian government bonds experienced a flat close following a day of volatility. A sharp decline in oil prices provided some respite after Bloomberg's recent decisions. The benchmark bond yield remained unchanged as traders adopted a cautious stance, awaiting the Reserve Bank of India's upcoming policy announcement this week.…

The Economic Times

At least 15 dead in India’s south after landslides and floods

Rainfall in worst-hit belt of Kerala state reached a level rarely recorded anywhere in a single day, with 302mm falling in under 24 hours

The Independent UK

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EbixCash World Money's perpetual RBI licence brings trade and family remittances within reach of millions

Under RBI's revised FEMA framework, EbixCash World Money can now move trade payments up to ₹25 lakh and family maintenance remittances, opening a direct, bank-free payments channel for India's MSME economy.

The Economic Times

ONGC to reserve half of new oil storage for strategic reserves

India's Oil and Natural Gas Corp will reserve half of its planned oil storage. This new facility will meet the country's strategic petroleum needs. India is expanding its strategic petroleum reserve capacity with private participation. The nation plans additional storage facilities in Odisha and Padur. India currently has capacity to…

The Economic Times

Court finds former Indian wrestling chief not guilty in complaints of sexual harassment

Women wrestlers who accused Singh of sexual harassment instruct lawyer to appeal against verdict

The Independent UK

Battery Smart may file IPO papers in September-October; eyes 70-80% annual growth

Battery Smart is preparing to file draft papers with Sebi for an initial public offering. The company targets substantial annual growth over the next five years. It currently operates over 1,500 swapping stations across more than 75 cities. Battery Smart's revenue saw a significant increase in the last fiscal year.…

The Economic Times

Forget Peter Parker, India has its own Spider-Man. He lives in Mumbai's Bhiwandi

Shadab Momin, a young man from Bhiwandi, dons a Spider-Man costume during monsoons. He actively assists residents by warning about potholes and pushing stalled vehicles. Videos show him carrying children across submerged streets, becoming a local legend. Momin uses his actions to highlight persistent flooding issues in the town. His…

The Economic Times

200 point-jump in 2 minutes: Why Nifty made a surprising surge before closing bell

Nifty surged nearly 200 points in two minutes after India introduced the Closing Auction Session for F&O stocks. The new mechanism replaced the VWAP-based closing price with an auction-driven equilibrium price, altering index movements, trading timelines and intraday position management.

The Economic Times

Indian rupee ends flat as robust importer hedging blunts oil price relief

The Indian rupee finished slightly lower at the close on Monday, pulling back from an early surge. Demand for dollars from importers and state banks intensified, countering the fall in oil prices. Meanwhile, global equities gained ground ahead of the scheduled discussions between Washington and Tehran. The dollar index maintained…

The Economic Times

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The Economic Times

India proposes tax relief for offshore funds using local managers

India has proposed easing tax rules for offshore investment funds using India-based managers by removing size and investor limits, aiming to attract foreign capital and boost domestic fund management activity.

The Economic Times

NFO Alert: Franklin Templeton announces launch of short term fund

Franklin Templeton India has launched its new open-ended short term debt fund. The Franklin India Short Term Fund will open for subscription on August 5. This new fund aims to invest in high-quality debt instruments and government securities. It will maintain a portfolio Macaulay duration between one and three years.…

The Economic Times

Investors slash Zepto’s valuation, delaying India IPO plans

Zepto has deferred its highly anticipated IPO after domestic investors proposed a 68% valuation cut, valuing the rapid-commerce firm at $2.3 billion against its earlier $7.2 billion unlisted valuation. Facing market skepticism over loss-making startups, the company will now raise capital privately before attempting a public listing.

The Economic Times

Who is Harshita Jakhar, the Rajasthan cyclist who started on Patiala's roads and made history at Tour de France?

Rajasthan cyclist Harshita Jakhar made history by becoming the first Indian woman to feature at Tour de France Femmes. The 19-year-old, who began cycling on Patiala's roads, joined the UCI World Cycling Talent programme and is now targeting success at the 2026 Asian Games.

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The Economic Times

Man, who refused US job offer earlier, pays over Rs 1 crore income tax, says 'I'm earning for someone else'; sparks debate

A man's Rs 1.14 crore income tax payment sparked debate on taxpayer value in India. He chose to stay in India despite overseas job offers to care for parents. Many users feel taxpayers receive limited benefits for significant contributions to the nation. Concerns include inadequate social security, healthcare, and public…

The Economic Times

SBI, HSBC and ICICI lead India's overseas deposit drive, data shows

HSBC, SBI and ICICI Bank emerged as the top beneficiaries of the RBI’s dollar deposit scheme for NRIs, raising $6.14 billion, $4.12 billion and $3.7 billion, respectively. Launched to support the rupee and boost foreign currency inflows, the scheme helped banks attract $36.7 billion. FCNR(B) deposits surged to $60.55 billion…

The Economic Times

Govt cites global commodity, energy costs for rise in wholesale price inflation

Wholesale price inflation rose to 9.87 percent in June. This increase was largely driven by global commodity and energy costs. The government is actively undertaking measures to control inflation and its impact. Retail inflation has remained below the four percent target for two quarters. India's retail inflation rose to 4.38…

The Economic Times

IEX shares fall 4% after Supreme Court denies hearing market coupling case

Indian Energy Exchange shares declined after the Supreme Court allowed the Central Electricity Regulatory Commission to continue framing regulations on market coupling, while clarifying it had not expressed any view on the merits of the case. The decision keeps regulatory uncertainty alive for the country's largest power exchange.

The Independent UK

The Commonwealth Games escaped extinction but major change is required for salvation

FUTURE OF THE COMMONWEALTH GAMES: The Commonwealth Games were at risk of dying, says James Toney, but Glasgow did enough to raise hope for the future

The Economic Times

Pakistan deploys hundreds of China-made SH-15 155mm howitzers along India border: Report

Pakistan has deployed Chinese SH-15 artillery guns along its India-facing formations. These 155mm guns enhance Pakistan's conventional firepower and artillery modernization efforts. Deliveries of these systems began in 2022, with local manufacturing also acquired. Pakistan also established an Army Rocket Force, expanding its strike capabilities. India continues its own artillery…

The Economic Times

$100 bn in sight: India is rolling in dollars but what about the rupee?

Two months after the RBI launched special measures to attract foreign currency, banks have mobilised over $40 billion, led by FCNR(B) deposits, with economists projecting inflows could reach $100 billion. The programme is aimed at strengthening India's external defences and ensuring dollar liquidity during global volatility, rather than boosting the…

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