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The Latest Breaking News from India

Prolonged US-Iran tensions may push India's crude basket above $75/bbl, raise inflation risks: Experts

Market experts warn a prolonged US-Iran standoff could increase India's crude oil import costs. Diversified sourcing is expected to cushion supply disruptions, reducing vulnerability to shocks. However, prolonged conflict may push India's crude basket beyond $75 per barrel. Higher crude prices could create near-term macroeconomic pressures and inflation risks.

The Economic Times

Beer industry sees near double-digit growth but margins under pressure: UBL MD & CEO

The Indian beer sector is witnessing impressive growth, propelled by reformative state initiatives and seasonal weather advantages. However, the rising costs of inputs, notably glass and imports exacerbated by international disputes, are strategically challenging profitability. Yet, firms are optimistic about regaining profit stability as beer consumption among younger demographics, who…

The Economic Times

Google to plant its AI flag in India: What it means for the country

In a major shift for India's AI ecosystem, Google Cloud is bringing its latest Gemini AI models to infrastructure located within the country, allowing enterprises to keep both their data and AI processing in India. The move is driven by growing demand for digital sovereignty and marks India's emergence as…

The Economic Times

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Prambanan Temple: The 1,200-year-old Hindu shrine that survived volcanic eruptions, earthquakes, and shifting kingdoms. Here are some fascinating facts

Prime Minister Modi and President Subianto inaugurated the Prambanan Temple restoration project. This significant site showcases centuries-old cultural connections between India and Indonesia. The 9th-century Hindu temple complex is a UNESCO World Heritage Site. Its intricate reliefs narrate the Ramayana epic and local legends. Conservation efforts continue to preserve this…

The Economic Times

I have become a foreign citizen. Can my mother make me a joint owner in her property in India?

ET Wealth Reader's Query: I am a foreign citizen and an only son. My mother wants to make me the joint owner in a property that belongs to her. Is this permitted in India considering that I now have a foreign citizenship?

The Economic Times

India's mutual fund industry just beat FIIs in a historic first. Here's what changed

India's mutual fund industry has overtaken foreign institutional investors in total assets under custody for the first time, marking a historic shift in market ownership. Strong SIP inflows and sustained domestic participation have driven the milestone, even as FII holdings declined amid continued selling and changing global investment trends.

The Economic Times

AI expected to unlock up to 35% in profitability for Indian MSMEs; Nearly 60% to achieve double-digit revenue growth: Report

Artificial intelligence integration promises significant profit improvements for Indian MSMEs. Digital adoption helps nearly sixty percent of these businesses achieve double-digit revenue growth. Expanded market access and improved customer acquisition are key benefits reported by MSMEs. Digital advertising by MSMEs contributes substantially to the national economy. Technology adoption is crucial…

The Economic Times

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RBI backs crypto ban, tax department warns of evasion risks, documents show

India's central bank has reiterated its preference for a cryptocurrency policy "leaning towards prohibition," warning that crypto assets and stablecoins could threaten financial stability and monetary sovereignty, according to internal government documents reviewed by Reuters.

The Economic Times

'Trump misread India': Former NSA John Bolton tears apart Pakistan playbook

At a time when India-US relations are facing one of their most uncertain phases in recent years, Trump’s former National Security Adviser John Bolton offers a blunt assessment of what has gone wrong - and why much of it, in his view, comes down to one man: Donald Trump.

The Times of India

Blue Tokai brews up competition with Starbucks in India’s potential $1.15 billion market: Report

Specialty coffee chain Blue Tokai plans to triple its store count to 800 by FY30. The company aims to open 120 new cafes this financial year. Blue Tokai is also in discussions to raise at least $100 million in funding. Revenue is expected to grow by over 50% to Rs…

The Economic Times

'Will companies compensate if E-20 fuel damages older vehicles?': Arvind Kejriwal asks auto firms

Arvind Kejriwal has written to 29 auto manufacturers regarding E-20 fuel concerns. He questioned companies about compensation for mileage drops or component damage. Union Minister Hardeep Singh Puri dismissed reports of customer problems with E20 fuel. India is gradually increasing ethanol blending, with E20 already in use. The government is…

The Economic Times

PM Modi, Indonesian President Prabowo visit Prambanan Temple complex in Yogyakarta

Prime Minister Modi and President Prabowo inaugurated a joint conservation project at Prambanan Temple. This UNESCO World Heritage Site visit strengthens cultural ties between India and Indonesia. India's Archaeological Survey will lead the conservation and restoration efforts for the temple. The leaders toured the ancient site and reviewed project details…

The Economic Times

Titan vs Kalyan Jewellers: What Q1 sales indicate about demand and which stock to buy

India’s gold jewellery sector faced multiple challenges in Q1FY27, including inflation concerns, higher interest rate expectations and the Adhik Maas period impacting wedding-related demand. Despite these pressures, Titan and Kalyan Jewellers reported strong business updates, supported by resilient jewellery demand, store expansion and growth across domestic and international markets.

The Economic Times

The Indo-Pacific is heating up, and the reason isn’t just super El Niño, but also gunpowder

In light of rising regional tensions, Prime Minister Modi embarked on a crucial visit to Indonesia, Australia, and New Zealand. With China boasting the world’s largest navy and recent missile tests, Indonesia's security has come under scrutiny due to Beijing’s maritime claims. India’s stance promotes a free and open Indo-Pacific…

The Times of India

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The Economic Times

Need to adapt better, but reset will take time: Gautam Gambhir on India's struggles in UK

In light of recent setbacks, head coach Gautam Gambhir pointed out the team's insufficient game awareness as a key issue. The Indian T20 squad is undergoing a notable transition, with several established players missing and newcomers stepping in. Gambhir stressed the importance of granting athletes more time to evolve. He…

The Economic Times

Weak monsoon dries up India's hydropower as dam output records sharpest fall in over two years

India's hydropower generation significantly dropped in June due to a delayed monsoon. Shrinking reservoir levels limited water availability for electricity production. Coal, nuclear, and renewable energy plants increased output to meet demand. Recent rains have improved monsoon progress, potentially reviving hydropower generation. Electricity demand has also softened after the summer…

The Economic Times

FCNR(B) FD vs NRE FD: Where can NRIs earn more on $50,000 investment? Compare returns, currency risk and tax benefits

Non-resident Indians (NRIs) and overseas citizens of India (OCIs) can consider investing in FCNR(B) and NRE fixed deposits to achieve reliable returns. While FCNR(B) deposits safeguard against currency fluctuations as they are held in foreign currency, NRE deposits offer opportunities in Indian rupees without such protection. Ultimately, your decision should…

The Economic Times

Grain-based ethanol accounts for nearly 67% of supplies; maize remains the largest feedstock

Surplus FCI grains and sugarcane juice also significantly contribute to the diversified feedstock mix. Policy support for higher blends and new applications is crucial for future growth.

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The Economic Times

Back to 'normal' conditions here after playing on easy wickets in IPL: England pacer Jofra Archer

Jofra Archer feels English bowling conditions are normal after playing in India. England secured a significant victory against India in the third T20I match. Indian batters struggled with the challenging UK conditions throughout the series. Archer and Tongue's pace proved effective in dismantling India's batting lineup. The series continues with…

The Economic Times

Kalyan Jewellers shares soar over 6% as 38% YoY revenue jump in Q1 update

Kalyan Jewellers shares rose sharply on Wednesday after the company reported an estimated 38% year-on-year growth in consolidated Q1 revenue, driven by robust demand in India and strong same-store sales. Its international business and digital jewellery platform Candere also posted healthy growth, despite the seasonal impact of Adhik Maas.

The Economic Times

Rupee slips as oil prices jump, modest portfolio inflows cushion fall

The Indian rupee weakened slightly on Wednesday due to Middle East hostilities. Renewed conflict lifted oil prices, impacting risk sentiment across markets. Modest portfolio inflows helped cushion the rupee's downward pressure. Elevated oil prices pose a risk to India's economic growth and inflation. Investors also await U.S. Federal Reserve policy…

The Economic Times

India to roll out new high-frequency economy barometer on July 14

India will launch a new services production index next week to track activity in the country's dominant services economy. It aims to provide timely economic insights for policymakers and businesses. The index will use digital and administrative data sources for compilation. This new tool will complement India's existing main barometer…

The Economic Times

Indian students, H-1B workers may face uncertainty as US plans tighter visa rules

New US immigration rules will tighten the H-1B visa program for employers. Increased costs and stricter H-1B rules are expected for sponsoring foreign workers. Student visa rules will change, requiring extensions for continued studies. Automatic work permit extensions will end, affecting H-4 visa holders. These proposals will impact Indian professionals…

The Economic Times

Parliamentary panel to review self-reliance, modernisation of Defence Public Sector Undertakings briefing today

The Defence committee will meet to discuss defence public sector undertaking transformation. Earlier, the Finance committee reviewed digital rupee progress and virtual asset regulations. Discussions focused on strengthening India's digital financial ecosystem and consumer safeguards. Senior defence officials also presented on border defence and technology adoption. These meetings highlight ongoing…

The Economic Times

Smallcap aerospace stock jumps 17% in two days after earning bullish brokerage calls

Aequs shares surged significantly on Wednesday, driven by positive brokerage reports. Analysts issued bullish calls, projecting substantial upside potential for the stock. The company is India's sole vertically integrated precision aerospace manufacturer.

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