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The Latest Breaking News from India

Three Indian sailors killed in US strike on tanker off Oman

IN FULL

The Independent UK

Air India says 96% of Ahmedabad crash victims' families have received interim compensation

Air India is nearing completion of compensation for AI171 crash victims. Most families have received interim aid, with final payouts underway. Personal belongings are being returned, and support services continue. Injured individuals on the ground have also received assistance. The Tata Group's welfare trust is providing additional aid. This marks…

The Economic Times

MEA flags growing threat to shipping as MT Jalveer crew evacuation begins

India's External Affairs Ministry voiced worry over ongoing shipping attacks in West Asia. The crew of the vessel MT Jalveer, near Oman, is being evacuated. This follows a recent incident where three Indian nationals died. India has protested the attacks and called for peace and diplomacy in the region. The…

The Economic Times

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PM Modi-led govt's 12 years in power are 'transformational for industry': Maruti Suzuki chairman

Maruti Suzuki Chairman R C Bhargava lauded Prime Minister Narendra Modi's economic policies. He stated these policies have transformed Indian industry over the past 12 years. Vehicle exports and car manufacturing have seen significant growth. Rural sales also increased substantially. Infrastructure development reduced logistics costs. India is becoming a preferred…

The Economic Times

Don Jr. deal got WH off his back

An obscure Texas firm secretly connected to the president’s son said it received at least $100 million from Ambani

Salon

Western disturbances slow monsoon, below-normal rain likely in central, north India

India faces below-average rainfall for the next two weeks. Western disturbances are delaying the monsoon's progress, particularly in central and northern regions. This could impact summer crop planting. However, the monsoon is expected to gain momentum by the end of June, bringing ample rain to most states. Southern regions are…

The Economic Times

NFO Alert: ICICI Prudential Mutual Fund launches Nifty Smallcap 250 ETF

ICICI Prudential Mutual Fund has launched the Nifty Smallcap 250 ETF, offering exposure to 250 emerging companies. The NFO is open till June 16. The passive fund aims to track the index with minimal cost, targeting investors seeking diversified, long-term participation in India’s growing smallcap segment.

The Economic Times

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Reliance, Vedanta, Adani join India's drive to cut China rare earth dependence, sources say

Indian conglomerates Reliance, Vedanta, and Adani are among ten companies expressing interest in developing rare-earth processing facilities in Andhra Pradesh. This move aligns with New Delhi's strategy to reduce reliance on China for these critical minerals, essential for electric vehicle motors and other high-tech applications.

The Economic Times

Third vessel targeted this week: MT Jalveer comes under attack off Oman coast; 20 sailors on board safe

India is closely monitoring a maritime incident near Oman's Shinas port, following recent attacks on commercial vessels. This comes after three Indian sailors died in a US-led strike on another ship. The Indian Embassy in Muscat is coordinating with local authorities for details, while New Delhi has lodged a strong…

The Times of India

Prabhudas Lilladher cuts Nifty target to 26,449, lists 16 high conviction stock picks

Amidst global market turmoil from the Iran-US war and El Nino, Prabhudas Lilladher lowered its Nifty 50 target to 26,449. The brokerage anticipates limited further downside but warns of sharp swings due to prolonged uncertainty. Rising geopolitical risks and import dependence are impacting India's economy, potentially curtailing consumption demand.

The Economic Times

OpenDoor India operations closure: Who is Kaz Nejatian, CEO of US real estate tech firm who fired 250 employees?

OpenDoor India operations shutdown: Opendoor CEO Kaz Nejatian confirmed the shutdown of the company's India operations, impacting approximately 250 employees. Nejatian, a former lawyer and tech executive with experience at Meta and Shopify, stated the decision was performance-independent. This move has sparked significant online interest in Nejatian and Opendoor's India…

The Economic Times

Good news for Indian mutual fund investors: SpaceX could join Nasdaq 100 after 15 trading days

SpaceX’s expected entry into the Nasdaq-100 could give Indian investors indirect exposure through Nasdaq-linked mutual funds. Jefferies says recent rule changes may allow faster index inclusion, potentially triggering passive fund buying. India currently has five Nasdaq-100 index schemes, though overseas investment limits have restricted fresh inflows into several global fund…

The Economic Times

At NITI Aayog meet, PM Modi says India moving ahead despite global headwinds

Prime Minister Narendra Modi stated that India is confidently advancing on its growth path despite global instability. He highlighted the importance of leveraging India's demographic dividend and promoting women-led development as key drivers for achieving a developed India (Viksit Bharat). The Prime Minister also emphasized the role of cooperative federalism…

The Economic Times

EV push to absorb over Rs 24,000 cr of automakers' capex in two years as electric car adoption accelerates: Crisil

Indian passenger vehicle makers are expected to invest over Rs 24,000 crore in electric vehicles out of a planned Rs 60,000 crore capex across FY27 and FY28, according to CRISIL Ratings. The investment will focus on expanding EV portfolios, localising supply chains and boosting production capacity.

The Economic Times

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The Economic Times

India Inc remains bullish on FY27; Telecom, defence, banking seen driving growth: Report

Indian businesses are optimistic about FY27. Telecom, defence, metals, and banking are set for growth. Companies expect demand to remain strong and are confident in managing rising costs. AI is boosting telecom infrastructure. Defence manufacturing continues its strong run. Power and capital goods sectors show a favorable outlook. Consumer spending…

The Economic Times

Indian judiciary promotes mediation as robust dispute resolution mechanism: CJI Surya Kant

India's judiciary champions mediation as a strong way to resolve disputes. Chief Justice of India Surya Kant highlighted its importance and the widespread understanding of mediation across the country. The recent Mediation Act of 2023 marks a significant step. Mediation offers speed and affordability, preserving relationships unlike arbitration. This approach…

The Economic Times

India is set to rewrite its oil destiny, moving from risk to leverage

In a landmark agreement, India is teaming up with the UAE to significantly increase its oil reserves, transitioning into a strategic player on the world stage. This partnership promises enhanced storage solutions and ensures the nation's energy supply is more secure than ever.

Whats Hot

Radhika Ambani Reveals Why She Chose to Return to India After Studying in the US

Radhika Ambani, the younger daughter-in-law of businessman Mukesh Ambani, recently shared the reasons behind her decision to return to India after completing her studies in the United States. Speaking at the headquarters of the India's International Movement to Unite Nations (IIMUN) on Thursday, Radhika highlighted India's economic growth, political stability,…

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The Economic Times

Women's T20 WC 2026: Bigger, more open and mirrors the game's transformation

The ICC T20 Women's World Cup kicks off in Birmingham. India, England, and South Africa are poised to challenge Australia's strong record. This tournament is the most open yet, featuring 12 teams. Exciting young talent is emerging across all participating nations. India aims to hold both 50-over and T20 World…

Whats Hot

'Your Father Will Handle It': Sreesanth Tells Vaibhav Sooryavanshi to Avoid Managers

Former India pacer S. Sreesanth has advised teenage batting sensation Vaibhav Sooryavanshi to remain focused on his cricket and avoid distractions from professional managers as he continues his rapid rise in the sport.

The Economic Times

Prime Litmus Investment Management launches real estate opportunities fund, a Category II AIF

Prime Securities has launched the Prime Litmus Real Estate Opportunities Fund, a Category II AIF targeting Rs 750 crore with a Rs 250 crore green shoe option. The fund will focus on structured credit investments in under-construction real estate projects across key Indian metropolitan regions, aiming for 18-20% IRRs over…

The Economic Times

Arriving before check-in? MakeMyTrip's rolls out guaranteed early check-in and late check-out feature

MakeMyTrip introduces a new service allowing travellers to pre-book early check-in and late check-out. This feature addresses common travel frustrations with hotel timings. It is available at thousands of properties in India and internationally. Travellers can reserve three, six, or nine-hour windows. This offers confirmed room access, reducing uncertainty and…

The Economic Times

Worst is behind, demand recovery underway for Indian textile sector as tariff woes ease: Report

India's textile industry is seeing a comeback as uncertainty over US tariffs has ended. Global demand is getting better. This brings new hope for the sector with imporved industry fundamentals. Demand is becoming clearer and new trade agreements are strengthening India's global position.

The Economic Times

Fueling Demand: Inside India’s ethanol mobility revolution in reverse

India is launching an ambitious green mobility initiative. The country is establishing E100 fuel stations nationwide before flex-fuel vehicles become common. This strategy aims to reduce oil imports and boost the rural economy. Major automakers are now introducing flex-fuel cars and motorcycles. This rapid development marks a significant shift in…

The Economic Times

Opendoor fires all Indian employees, shuts India operations

US real estate technology company Opendoor is winding down its India operations and relocating remaining roles to the US, affecting nearly all India-based employees. CEO Kaz Nejatian said the move is aimed at bringing operations closer to customers and follows automation and AI-driven efficiencies. India staff will receive severance and…

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