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The Latest Breaking News from India

Cabinet approves PM-Surya Sarovar Yojana, extends PM-Kisan for 5 years, clears revamped Khelo India scheme worth Rs 36,441 crore

The Union Cabinet approved three significant schemes on Thursday. One scheme aims to expand India's floating solar capacity significantly. Another initiative will extend crucial income support for farmers across the nation. The Khelo India Mission also received approval from the cabinet. These decisions will shape future development in key sectors.

The Economic Times

Home loan EMI, amortisation and prepayment- The mathematics every borrower in India must understand

Understanding home loan mechanics helps borrowers reduce total borrowing costs. The reducing balance method ensures interest decreases as the principal falls. Loan amortisation shows how EMIs gradually repay both principal and interest. Early prepayments significantly reduce total interest paid over the loan tenure. Repo rate changes impact floating rate home…

The Economic Times

Small aluminium manufacturers hit by high cost of raw material due to import parity pricing: Report

Domestic aluminium MSMEs face higher raw material costs due to import parity pricing. A report highlights this pricing mechanism squeezes their operating margins significantly. This situation weakens the competitiveness of India's value-added manufacturing sector. The report suggests reducing basic customs duty on primary aluminium to zero. Such changes will boost…

The Economic Times

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Rupee posts strongest week since March on RBI support

The Indian rupee finished Friday on a strong note, marking its most significant weekly increase since March, thanks to continuous support from the central bank amidst a weakening dollar. Heightened tensions in the Middle East have driven oil prices upward, influencing the rupee's monthly trends. Likewise, India's IT sector demonstrated…

The Economic Times

CWG Boxing: Preeti Pawar through to finals with dominating win

Preeti Pawar secured a spot in the Commonwealth Games final after a dominant performance. She defeated Zambia's Catherine Mwape with a convincing 5-0 scoreline. The Indian boxer's effective counter-attacks proved too much for her opponent. Mwape faced multiple eight counts during the intense semifinal bout. Pawar will now face Canada's…

The Economic Times

ISRO is hiring: Department of Space announces 746 vacancies, including 336 regular posts & 410 apprenticeships

ISRO job opening: ISRO and the Department of Space have announced a major recruitment drive with 746 vacancies. The hiring includes 336 regular posts for scientists, engineers and administrative staff, along with 410 apprenticeship positions for the 2026–27 training year. The recruitment aims to address staffing shortages while strengthening the…

The Economic Times

No input tax credit for the innocent buyer after paying GST? Supreme Court settles who bears the cost when a supplier defaults

The Supreme Court affirmed Gujarat High Court's decision on CGST Act Section 16(2)(c). This ruling validates the provision requiring tax payment by suppliers for buyer's credit. Honest businesses now face stricter compliance requirements for input tax credit. The court's reasoned dismissal binds all lower courts and authorities across India. Businesses…

The Economic Times

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Stuart Fails to Save the Universe Season 1 Episode 3: Release date, time, and what fans can expect

Stuart Fails to Save the Universe Episode 3 premieres on August 6, 2026, in the United States. The new episode will stream on HBO Max at 9 p.m. ET and 6 p.m. PT. Viewers in India can watch the episode from 6:30 a.m. IST on Friday, August 7. The upcoming…

The Economic Times

Why Axis Mutual Fund is asking investors to look at largecaps as well

Following the sharp re-rating in small- and midcaps, Axis Mutual Fund has urged investors to revisit largecaps, saying their valuations have become more reasonable and they are well positioned to benefit from India's long-term growth amid an evolving macroeconomic environment.

The Economic Times

Apple posts record June quarter revenue of $109.4 billion; flags higher memory chip prices as pressure point

Apple reported an all-time high revenue of $ 109.4 billion for the June quarter, marking a notable surge in emerging markets, particularly in India. While iPhone and Mac sales flourished, iPad numbers took a dip. Nonetheless, the tech giant alerted stakeholders about looming challenges including rising memory chip costs and…

The Economic Times

Poor application of norms cause of accidents at explosives and ammunition making units: Secretary

Safety lapses in India's explosives sector stem from poor enforcement of existing standards. Accidents must be eliminated, not just reduced, according to a top government official. Greater technology use is advocated to improve compliance and minimize manual supervision. India has a significant opportunity to expand its manufacturing capacity amid global…

The Economic Times

Indian national in US on visitor visa jailed for $3.7 million fraud scheme targeting elders

An Indian national has been sentenced to four years in prison in the United States for his role in a cross-border fraud scheme that targeted elderly Americans and laundered millions of dollars obtained through impersonation scams.

The Times of India

Who Was Surpanakha's Husband? The Hidden Ramayana Truth

When people hear the name Surpanakha, they immediately remember the famous Panchavati episode involving Lord Rama, Goddess Sita, and Lakshmana. But very few know that before this turning point in the Ramayana, Surpanakha had a husband, a family, and a tragic past that shaped her life. His story is rarely…

MyLifeXP

Cube Highways Trust InvIT debuts with 2% premium over issue price of Rs 152

Cube Highways Trust InvIT listed at a 2% premium on Friday at Rs 155 per unit following strong investor demand for its Rs 5,000-crore public issue. The Trust, which owns 27 operational road assets in India, reported a 42.3% YoY rise in FY26 net profit to Rs 1,422.89 crore.

The Economic Times

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The Economic Times

Jasprit Bumrah cleared for Sri Lanka Tests after fitness clearance

Jasprit Bumrah has recovered from his impact injury and cleared fitness tests. He is now available for the upcoming two-Test series against Sri Lanka. India needs a strong performance in these matches for World Test Championship contention. Several other players are currently sidelined with various injuries. The series begins on…

The Economic Times

US NSF backs India-US AI project to boost soybean breeding

A joint India-US project will develop smart farming systems for soybean breeding. The National Science Foundation awarded over half a million dollars for this initiative. This three-year project begins October 1 and concludes September 30, 2029. It will integrate sensor networks, wireless communication, and AI tools for crop monitoring. The…

The Economic Times

Sun Pharma Q1 Results: Profit rises 27% YoY to Rs 2,895 crore; revenue climbs 10.5%

Sun Pharma Q1 Results: Sun Pharma reported a 27% YoY rise in Q1 net profit to Rs 2,895 crore, while revenue grew 10% to Rs 15,300 crore, driven by strong performance in India and its innovative medicines business despite weak US formulations sales. EBITDA rose 3% to Rs 4,418 crore.…

The Economic Times

Formal retail credit access doubles over past decade

India’s formal retail credit market has expanded sharply over the past decade, with credit access rising from 35% of consumers in 2017 to 74% in 2026, according to TransUnion CIBIL. Consumption-led loans such as personal loans, credit cards and consumer durable loans have driven growth, shifting borrowing from asset purchases…

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The Economic Times

Indian Oil to hire dedicated vessel to ferry LPG cylinders from Sri Vijaya Puram to all islands

Indian Oil Corporation Limited plans a dedicated vessel for LPG supply. This initiative aims to ensure uninterrupted cylinder delivery across remote islands. A five-year contract for transportation is now being sought. The estimated value of this tender stands at Rs 58.90 crore. This will significantly improve essential commodity supply chains…

The Economic Times

August 2026 Holidays List: Schools, banks & government offices will be closed on these dates

August 2026 Holidays List: August 2026 brings Independence Day, Milad-un-Nabi, and Raksha Bandhan holidays. Schools and banks will close nationwide for Independence Day on August fifteenth. Milad-un-Nabi and Raksha Bandhan will also cause closures in many states. Several state-specific festivals will lead to additional bank holidays across India. Students and…

The Economic Times

Amazon, Flipkart slash fees as battle for smaller cities intensifies

E-commerce giants Amazon and Flipkart are cutting seller fees to expand into smaller Indian cities. This strategy aims to attract more sellers and offer affordable products to consumers. Lower commissions reduce operating costs for merchants, enabling competitive pricing for buyers. Online shopping is rapidly growing in tier two and smaller…

The Economic Times

Who gets faster Internet? India's net world may soon have first class and economy

India is reviewing its net neutrality rules to allow 5G network slicing, a move that could let telecom operators offer premium connectivity with guaranteed speed, latency and reliability. The policy shift could transform industries from healthcare to manufacturing while raising concerns about a two-tier internet where businesses and consumers pay…

Motor1

Tata Tops Tesla: Indian EVs Are the World’s Most Efficient

Tata Sierra.ev and Mahindra BE 6 highlight how compact Indian crossovers achieve low Wh/mi on local cycles compared with larger US-market electric vehicles.

MyLifeXP

New Toyota Fortuner Is Coming in India : The Biggest Upgrade Yet?

The best-loved Toyota SUV in India has always been the Fortuner, the company is all set to launch an all-new one. After the Hilux has seen the light of day with just minor changes, all eyes are on Toyota's other SUV model to see if it also follows suit with…

The Economic Times

Sarvam AI plans trillion-parameter model, sets sights on competing with ChatGPT, Gemini and Claude

Sarvam AI plans a trillion-parameter model to rival global AI leaders. The company's existing voice AI is cost-effective and performs well. An office in the US will recruit Indian-origin AI researchers. Sarvam AI aims to manufacture intelligence and achieve technological self-reliance. New products and platforms were unveiled at their developer…

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