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The Latest Breaking News from India

AI adoption gains momentum, returns emerge but infra lags: Industry executives

Indian businesses are increasingly embedding AI, transforming operations and yielding measurable returns. However, legacy infrastructure, skill gaps, and a need for business model shifts pose challenges. Experts emphasise domain-specific AI applications and developing indigenous language models as India's key opportunity.

The Economic Times

Indian-origin philanthropist who donated $5.5 million to Texas hospital says she's uncomfortable with publicity: 'We don't advertise'

Sunita Agarwal and her husband Brij Agarwal do not like to advertise their philanthropic works. After the Indian- American couple's $5.5 million donation to the St Luke's Foundation in Texas launched them into the limelight, Sunita Agarwal said they are uncomfortable with publicity. In the past, too, they made several…

The Times of India

Weakness in Crude Oil Weighs on Sugar Prices

July NY world sugar #11 (SBN26 ) on Monday closed down -0.02 (-0.15%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -2.20 (-0.49%). Sugar prices were under pressure on Monday, with NY sugar falling to a 1.75-month low and London sugar falling to a 2.5-week low. Monday’s...

Barchart

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Russian shadow fleet tanker captain charged after being intercepted in Channel

Indian national Ajay Pant, 38, will appear at Southampton Magistrates’ Court on Tuesday

Evening Standard

China's subsidy edge poses biggest challenge to Make in India

As Indian manufacturers navigate the challenging waters of global trade, they find themselves increasingly overshadowed by Chinese businesses that enjoy significant state backing. An OECD report underscores the disparity, revealing that Chinese firms are often recipients of extensive subsidies, tax incentives, and affordable credit, which gives them a much-needed edge.

The Economic Times

Development banks must evolve

Multilateral development banks (MDBs), chief among them the World Bank, were established to provide capital to developing countries that couldn't raise it at home or on affordable terms abroad. For decades, they filled that gap. But as more countries move from low- to middle-income status (according to the World Bank's…

Bangkok Post

India hikes diesel, ATF export levies from June 16

India has increased the windfall tax on diesel and aviation fuel exports. The special additional excise duty on diesel exports will now be Rs 14 per litre. The levy on aviation turbine fuel exports has been raised to Rs 12.5 per litre. The tax on petrol exports remains unchanged. These…

The Economic Times

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"Will continue fight against Hezbollah": Israeli Ambassador to India Reuven Azar; says "regime change" not part of Iran conflict

The Israeli Envoy affirmed that the Jewish state will continue its operations against Hezbollah in Lebanon, adding that Lebanon was not a part of the US-announced trade deal with Iran.

The Economic Times

All 20 Indian crew members of MT Jalveer safely return home: Indian mission

Twenty Indian sailors from the vessel MT Jalveer have returned home safely. Their ship was attacked near Oman. This follows two other attacks on merchant ships with Indian crew members by US forces. The Indian mission in Muscat facilitated their safe repatriation. Indian authorities are committed to assisting nationals in…

The Economic Times

India, UK working to resolve issues for trade pact implementation

India and the UK are actively resolving issues impacting their free trade agreement. Discussions are underway in London to operationalize the deal. Key concerns include the UK's steel safeguard measure and carbon Border Adjustment Mechanism. These measures could affect Indian exports. India is also engaged with the EU regarding proposed…

The Economic Times

India's exports to US remain flat in May, imports rise 54.43%

India's trade with the US saw exports remain steady in May, but imports climbed significantly. Trade with China experienced a notable surge in both exports and imports. Several other countries also showed positive export growth. However, some nations registered a decline in exports. Imports from specific countries like Brazil and…

The Economic Times

Sugar Prices Undercut as Crude Oil Sinks

July NY world sugar #11 (SBN26 ) today is down -0.04 (-0.29%), and Aug London ICE white sugar #5 (SWQ26 ) is down -3.00 (-0.67%). Sugar prices are under pressure today, with NY sugar falling to a 1.75-month low and London sugar falling to a 2.5-week low. Today’s -5% plunge...

Barchart

WFI announces Indian squad for U-17 World Championships in Baku

India has announced its wrestling squad for the upcoming U-17 World Wrestling Championships in Baku, Azerbaijan. The selection followed rigorous national trials. India's women's wrestling team has achieved significant success in recent championships. The contingent aims for a historic third consecutive title. Athletes from various states have secured their spots…

The Economic Times

Mercedes-Benz India confident of sustaining growth on strong demand this year

The premium car maker also said that a price increase was on the cards to deal with the impact of sustained pressure on Indian Rupee, among others, a top company official said.

The Economic Times

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The Times of India

Green Card news: This category becomes unavailable for Indians till September 30

After EB-2, India's per-country limit has been reached in the EB-5 unreserved category for 2026. The annual limits will reset with the start of the new fiscal year (FY 2027) on October 1, 2026. This means the EB-5 unreserved immigrant visa category for India will remain unavailable through September 30.…

The Economic Times

Gold imports up 34 pc to $3.41 bn in May; silver shipments plunge over 86 pc

During May, India's gold imports skyrocketed by 34 percent, hitting USD 3.41 billion, as soaring gold prices fueled demand. In stark contrast, silver imports fell steeply by 86.65 percent, underscoring a significant shift in market trends.

The Economic Times

US-based cybersecurity firm N-able opens Global Capability Centre in Bengaluru

US cybersecurity firm N-able has launched a Global Capability Centre in Bengaluru, bolstering its commitment to helping businesses combat evolving cyber threats and AI advancements. This strategic expansion aims to enhance business resilience by investing in India's rich technical talent pool, supporting critical functions like engineering and security operations.

The Economic Times

El Nino may hit India's monsoon, rice and maize output: FAO

India faces a potential threat as El Nino begins. The Food and Agriculture Organization warns of a weakened summer monsoon. This could stress vital crops like rice and maize during the kharif season. Farmers' livelihoods and food security are at risk. Early action is crucial to mitigate these challenges. The…

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The Economic Times

What Maruti-Suzuki can teach India-Japan

The Maruti-Suzuki collaboration brought global manufacturing to India, democratising transportation and boosting the middle class. This partnership provided advanced Japanese technology and developed India's industrial capabilities. It created a world-class auto ecosystem. Maruti-Suzuki's success offers a blueprint for future India-Japan collaborations, like in the semiconductor industry.

The Economic Times

School assembly news headlines for June 16: Top national, international, business, sports update and thought of the day

India and Slovakia elevate ties to a comprehensive partnership. A rival tutor accuses Khan Sir of murder. Delhi census Phase 1 records over 2.3 crore people. US manufacturing output remains unchanged. France and UK seek Hormuz deployment if a US-Iran ceasefire holds. Neeraj Chopra returns to action at the Doha…

The Times of India

Bangladesh summons Indian envoy after PM Tarique Rahman's adviser stopped at Delhi airport

Bangladesh on Monday summoned India’s deputy high commissioner in Dhaka and conveyed its “deep disappointment” over an incident involving Prime Minister’s Adviser Dr Zahed Ur Rahman at Delhi’s Indira Gandhi International Airport, according to media reports.

The Economic Times

India's trade with West Asia gradually improving: Commerce Secy

India's trade with West Asia faced disruptions in May due to the US-Iran conflict. Exports saw a slight dip but are recovering. Imports also declined significantly. The conflict impacted shipping routes like the Strait of Hormuz. Despite challenges, Indian exporters are utilizing Omani ports. A peace deal between the US…

The Economic Times

Drogo Aerospace delivers first batch of 41 JK 250e drones to Indian Army

The first batch was received by officials of the Army's Southern Command in Nasik, Maharashtra recently, while the company aims to complete the balance deliveries of 176 drones under the total order of 217 drones by August 2026.

The Economic Times

Indian officials survey farms around Tata iPhone parts plant after water pollution warning

Government officials are inspecting farmland near Tata's iPhone parts factory in Hosur. This follows reports that wastewater discharge from the plant contaminated groundwater. Tata Electronics is a key supplier for Apple's iPhone production. Authorities have warned Tata of a potential shutdown. Farmers have raised concerns about water quality and its…

The Economic Times

Sebi proposes changes to ETF base price, price band rules

India's markets regulator, SEBI, is proposing new rules for exchange-traded funds. These changes aim to bring the trading price of ETFs closer to the actual value of their underlying assets. SEBI is looking at how ETFs are priced for trading, with new methods for setting price bands. This move could…

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