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The Latest Breaking News from India

PM Modi, Italy's Meloni script new chapter with ‘Special Strategic Partnership’; push defence, trade cooperation

India and Italy have elevated their relationship to a Special Strategic Partnership. Prime Minister Narendra Modi and Italian Prime Minister Giorgia Meloni announced a roadmap for cooperation. This includes defence, innovation, manufacturing, logistics, and maritime sectors. The leaders emphasized growing strategic convergence and expanding defence ties. They also plan to…

The Economic Times

PM Modi calls on Italian President Mattarella, reviews bilateral ties

Prime Minister Narendra Modi met with Italian President Sergio Mattarella. They discussed expanding the India-Italy partnership. Key areas include trade, technology, clean energy, and culture. Both nations aim to boost bilateral trade significantly. Discussions also covered AI, critical minerals, space, and nuclear energy. The Indian diaspora in Italy is the…

The Economic Times

India needs to raise R&D spending to 2 pc of GDP by 2035 to boost manufacturing: Report

India's manufacturing growth is hampered by low R&D spending, currently at 0.6% of GDP, a report highlights. To boost its manufacturing share, India aims to increase R&D expenditure to 2% by 2035, requiring greater private sector involvement and stronger innovation ecosystems. This transition to innovation-driven manufacturing is crucial for long-term…

The Economic Times

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FIIs won't return to Indian markets in a hurry; only 3 triggers may bring them back: Amar K Ambani

Foreign institutional investors (FIIs) are unlikely to return to Indian equities soon due to structural and cyclical forces, including modest dollar returns and the AI revolution favoring other markets. FIIs may only re-enter if valuations hit rock bottom, IPO activity surges, or global markets become overheated, making India an attractive…

The Economic Times

Huge potential to boost food, beverages exports to UAE: TPCI

India’s food and beverage exports to the UAE are poised for major growth, with current shipments valued at USD 3.6 billion compared to the UAE’s total imports of USD 22 billion. Holding a 10 percent market share, India is emerging as a trusted supplier of quality food products to the…

The Economic Times

AI helping India's engineering hubs generate IP faster, Daimler Truck executive says

Indian engineering hubs for global firms are accelerating intellectual property generation and mitigating supply chain risks, according to a Daimler Truck executive. AI is further speeding up innovation and engineering work, as companies increasingly rely on local hubs for product development. This trend is also influencing hiring, with a growing…

The Economic Times

Inside India’s biggest banking and financial services tech hubs

Standard Chartered plans to cut over 7,000 jobs in four years, replacing human capital with technology, particularly impacting back-office roles in India. This move aligns with a broader trend of financial firms leveraging AI and tech hubs in India for both support and higher-value functions, though some, like Wells Fargo,…

The Economic Times

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NCDEX launches India’s first weather derivatives contract based on Mumbai rainfall

NCDEX has announced India’s first SEBI-approved exchange-traded weather derivatives contract, “RAINMUMBAI”, aimed at helping market participants hedge risks arising from monsoon rainfall fluctuations. The contract, based on IMD rainfall data and developed with IIT Bombay, seeks to create a regulated framework for managing climate-linked financial risks across sectors.

The Economic Times

PM Modi holds talks with Italian counterpart Giorgia Meloni

Prime Minister Narendra Modi met with Italian Prime Minister Giorgia Meloni in Rome. Discussions covered trade, defence, clean energy, and technology. The leaders reviewed a joint strategic action plan. Bilateral trade is growing, with a target of Euro 20 billion by 2029. The visit aims to strengthen India-Italy cooperation.

The Economic Times

SA20 helped South Africa build squad depth like India: Faf Du Plessis

Faf du Plessis believes the rise of the SA20 has significantly strengthened South Africa’s cricket talent pool, helping the country develop squad depth comparable to India. The former Proteas captain said the league has created more opportunities for emerging players, expanded the national talent pipeline, and provided a global platform…

The Economic Times

BOC Aviation to lease three more Boeing 737-8200 aircraft to Akasa Air

BOC Aviation has signed a new deal to lease three Boeing 737-8200 aircraft to Akasa Air. These planes will be delivered by the end of 2026. This is the second such agreement between the two companies. Akasa Air is expanding its fleet with these fuel-efficient aircraft. Indian airlines are increasing…

The Economic Times

GCCs in India: The story so far

India's global capability center landscape is booming, serving as a catalyst for technological and service-driven growth. While discussions on quantifying its impact persist, it’s notable that multinational exports are anticipated to hit $164 billion by 2025-26. The workforce has expanded to a remarkable 4.2 million, with AI set to revolutionise…

The Economic Times

India has leverage to pressure Russia to end Ukraine war: Estonian FM

Estonia believes India can pressure Russia to end the Ukraine war. Foreign Minister Margus Tsahkna highlighted India's leverage. He also expressed hope for India's involvement in Ukraine's reconstruction.

The Economic Times

Stock market rebounds: Sensex recovers 790 points from day’s low, Nifty closes above 23,650

Indian stock markets staged a strong recovery, erasing morning losses. The Sensex and Nifty closed higher as oil prices dropped below $110 per barrel. Bond yields also eased from record highs. Investor sentiment improved broadly across market segments. The Indian Rupee, however, hit a fresh record low against the US…

The Economic Times

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The Economic Times

India needs $10-15 billion worth land parcels in five years to set up solar, wind energy projects: Colliers

India needs substantial land for renewable energy expansion. By 2030, approximately 7 lakh acres will be required for solar and wind projects. This land acquisition is estimated to cost between USD 10 to 15 billion. The country is set to significantly increase its renewable energy capacity, driving investment and development…

The Economic Times

Maharashtra to lead next phase of India's nuclear energy expansion: Devendra Fadnavis

Maharashtra will spearhead India's nuclear energy expansion. Chief Minister Devendra Fadnavis highlighted nuclear power's necessity for reliable, round-the-clock electricity. Renewable sources like solar and wind are not consistently available. Maharashtra has signed agreements for 25,000 MW projects. American nuclear companies are showing interest in large-scale investments in the state's nuclear…

The Economic Times

‘A decisive phase’: Giorgia Meloni says India-Italy ties are being rewritten at speed

India and Italy are entering a significant new era in their relationship. Prime Minister Giorgia Meloni met with Prime Minister Narendra Modi. Their nations are now forging a special strategic partnership. This partnership is built on shared values of freedom and democracy. It reflects a common outlook for the future.…

The Economic Times

PM Modi working to protect India's prestige on global stage: Sharad Pawar

NCP (SP) chief Sharad Pawar acknowledges Prime Minister Narendra Modi's efforts in enhancing India's global standing. Pawar emphasizes that political differences should not hinder collective action for national interest. He recalls past leaders like Indira Gandhi and Jawaharlal Nehru who prioritized the nation's reputation. Shiv Sena (UBT) leader Sanjay Raut…

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The Economic Times

Lenskart Q4 Results: Profit falls 9% YoY to Rs 200 crore, but revenue jumps 46%

Lenskart Solutions saw its net profit decrease by 9% year-on-year in the fourth quarter. However, revenue from operations surged by 46%. The company conducted significantly more eye tests, expanding its market reach. International business also showed robust growth. Lenskart is focusing on premiumization and improving capital efficiency, funding its expansion…

The Economic Times

No relief in memory prices visible over next 12-18 months, says IESA president

Memory prices are set to rise for consumers. No major new production capacity is expected in the next 18 months. This will lead to higher costs for devices like smartphones. The ongoing West Asia crisis also impacts raw material availability for electronics. India Semiconductor Mission 2.0 aims to boost the…

The Economic Times

'Mosques converted into dance bars in Muslim region in China': Pakistani vlogger exposes reality of ‘ironclad’ friendship

A Pakistani vlogger's trip to Kashgar, Xinjiang, has sparked debate in Pakistan and India. The video showcased restricted public religious practices and cultural performances at mosque-like structures, prompting questions about China's policies and Pakistan's ties with Beijing. The footage highlights concerns over religious freedom and cultural identity in the region.

The Independent UK

Why Trump’s face can now be seen zooming in and out of India’s rush-hour traffic

Approximately 100 auto-rickshaws, adorned with large images of Trump and the Statue of Liberty, have become a prominent feature across the Indian capital in recent weeks

The Times of India

‘Lower-value human’: Standard Chartered CEO’s remark sparks outrage as bank plans job cuts in India, other hubs

Standard Chartered’s plan to cut nearly 7,800 jobs globally by 2030 has triggered a fierce backlash online after CEO Bill Winters described some roles as “lower-value human capital” while outlining the bank’s AI-driven overhaul.

The Economic Times

Is 4-day work week allowed after New Labour codes roll out? Here's what new work rules say about the work timings

India's new labour codes permit a four-day workweek, allowing employees to complete 48 weekly hours over fewer days. This compressed schedule, requiring up to 12-hour workdays, is optional for both employers and employees. Overtime rules and state-specific daily hour caps remain in effect, influencing adoption across sectors like IT and…

The Economic Times

Why CEA Anantha Nageswaran says India is facing a ‘Live Balance of Payments Stress Test’

India faces significant external sector challenges due to rising oil prices, foreign investor exits, and a weakening rupee. Chief Economic Advisor V. Anantha Nageswaran describes this as a "live balance of payments stress test," highlighting pressure on imports, currency stability, and foreign exchange flows. The situation is exacerbated by heavy…

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