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The Latest Breaking News from India

Sebi, CBDT ease PAN rules for foreign investors after onboarding concerns

Sebi and CBDT relaxed PAN compliance requirements for foreign portfolio investors after concerns over complex onboarding rules. The clarifications simplify documentation, contact disclosures and taxpayer identification requirements, aiming to maintain seamless foreign investor access and improve ease of doing business in Indian financial markets.

The Economic Times

Mahanadi Coalfields gets govt nod for IPO; Coal India to dilute up to 25% stake

The government approved the listing and disinvestment of Mahanadi Coalfields through an IPO, enabling Coal India to dilute up to 25% stake. MCL may raise fresh capital through multiple routes, marking another major PSU divestment initiative aimed at expanding investor participation in state-owned enterprises.

The Economic Times

3 years of derivatives relaunch: How Sensex turned Rs 2 crore premium into Rs 33,000 crore options business

BSE has rapidly expanded its derivatives business through Sensex weekly options, sharply increasing turnover, market share and profitability. Lower transaction costs, rising retail participation and algorithmic trading boosted volumes, while derivatives growth significantly strengthened BSE’s revenue, earnings and position in India’s booming options market.

The Economic Times

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Iran FM Seyyed Abbas Araghchi assures EAM S Jaishankar of commerce safety through St of Hormuz

In a significant diplomatic encounter, Iran's Foreign Minister Seyyed Abbas Araghchi engaged with India's External Affairs Minister S Jaishankar. During their meeting, Araghchi emphasized Iran's commitment to ensuring safety in trade, assuring Jaishankar that Iran remains a steadfast ally in securing the critical Strait of Hormuz.

The Economic Times

‘Need a Neeraj Chopra moment in esports’: Nodwin Gaming founder Akshat Rathee

India seeks a global esports victory to boost its standing. Experts emphasise skill development and a robust ecosystem. Tencent's investment signals a commitment to local talent and high-quality gaming experiences. The sector aims to bring Indian content to international audiences. Building a complete ecosystem, including training and infrastructure, is crucial…

The Economic Times

Flipkart puts IPO on ice; Rapido's $240 million raise

Flipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5.

The Economic Times

India's trade with West Asia contracts for second straight month in April amid shipping disruptions

April marked a downturn in India’s trade relationship with West Asia, as both exports and imports experienced a staggering reduction of more than 28%. The unrest linked to the US-Iran situation has severely disrupted shipping operations, affecting vital trade channels. This decline particularly threatens major Indian sectors, including jewels and…

The Economic Times

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How Indian meditation practices are gaining ground across the globe

Indian meditation is gaining popularity worldwide. Major cities like London, New York, and Toronto are seeing more meditation programs. People are seeking ways to manage stress and anxiety from modern urban life. These practices, rooted in Indian traditions, offer balance and emotional well-being. Scientific research supports their benefits, making them…

The Economic Times

From kitchen storage to recycling bins: How Deposit Refund Schemes can change India’s plastic economy

India is exploring Deposit Refund Schemes (DRS) to tackle plastic waste, where consumers pay a small deposit on packaged products, refunded upon return for recycling. This initiative aims to improve collection rates and boost the recycling system, though integration with the existing informal sector and consumer convenience are key challenges.

The Economic Times

Gold imports jump 82 pc to USD 5.62 bn in April; silver by 157 pc

India saw a significant jump in gold imports in April, reaching USD 5.62 billion. This surge was driven by high prices. However, the government has sharply increased customs duty on gold and silver. This move is expected to lead to lower import volumes in the coming months. Silver imports also…

The Economic Times

Nearly half of India’s online orders are still COD. Why cash on delivery isn’t fading in the UPI era

Cash on delivery continues to drive India's online shopping. Many first-time buyers, especially in smaller towns, prefer to pay after receiving goods. This method builds trust where digital payment familiarity is growing. Businesses are using data to manage COD risks. As digital literacy and logistics improve, prepaid orders will increase,…

The Economic Times

Beyond metros: How small towns are driving the next wave of India’s e-commerce

India's e-commerce boom is expanding beyond metros, with Tier-2 and Tier-3 cities now driving significant new demand. Improved internet, digital payments, and logistics are unlocking this potential, transforming smaller towns into the core of digital commerce growth. Businesses are adapting with distributed infrastructure and D2C models to serve this evolving…

The Economic Times

Air India's challenges 'largely external', transformation a long game: Singapore Airlines CEO

Air India's transformation is a long journey with no quick fixes, according to Singapore Airlines CEO Goh Choon Phong. The Indian carrier faces significant external challenges. These include the ongoing Pakistan airspace closure and a depreciating rupee. Air India's losses were substantial in the last fiscal year. The company is…

The Economic Times

I'm glad safaris are cracking down on smartphones – but even as a photographer, I think using “proper” cameras can put animal welfare at risk too…

Tiger safaris in India are banning smartphones, but unless restrictions limit tourist numbers and distances from animals – then "real photographers" may also be part of the issues at hand

Digital Camera World

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The Economic Times

Unemployed 'youngsters like cockroaches' become media, activists; attack system: CJI

Chief Justice of India Surya Kant made strong remarks about unemployed youth. He compared them to cockroaches who later become activists. The Chief Justice also criticized a lawyer pursuing senior advocate status. He questioned the lawyer's conduct and suitability for the designation. The Supreme Court bench expressed concerns about the…

The Economic Times

India's forex reserves jump by $6.295 billion to $696.988 billion

India's foreign exchange reserves saw a significant increase. Reserves rose by over six billion US dollars in the week ending May 8. This surge brought the total reserves to nearly 700 billion US dollars. The rise was driven by increases in foreign currency assets and gold reserves. This marks a…

The Times of India

Yes, I did it: 22-year-old Indian pleads guilty to smuggling people across US-Canada border; $100 per head

22-year-old Shivam, an Indian man, pleaded guilty in the US for conspiring in a scheme to smuggle Indians across the US-Canada border. He was indicted in 2025 and now after he pleaded guilty, he would be sentenced on September 4. Going by the US law, Shivam is facing a mandatory…

The Independent UK

US set to drop criminal charges against Indian billionaire Gautam Adani after $18m settlement

Reversal comes after Adani hires new legal team led by Robert J Giuffra Jr, one of president Donald Trump's personal lawyers

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The Economic Times

'Underground revolution underway in India': Anand Mahindra explains how thousands of MSMEs are quietly becoming world-class manufacturers

Anand Mahindra champions India's manufacturing strength, built quietly by workshops and medium-scale businesses. He stresses that future growth relies on these enterprises becoming world-class. Better roads, industrial parks, and simpler rules are crucial. This progress, seen in electronics and supply chains, mirrors China's early industrial rise. The real story unfolds…

The Economic Times

Flipkart pauses IPO discussions amid rising volatility in markets

Walmart-owned Flipkart has indefinitely paused its IPO plans due to rising market volatility and a crowded pipeline of upcoming public issues. This decision follows similar postponements by other major tech firms, as Flipkart focuses on aggressive investment in its quick commerce arm, Flipkart Minutes, to drive growth amidst stagnating e-commerce…

The Economic Times

India moves to buffer economy against Iran war fallout

India is taking urgent steps to protect its economy. Fuel prices have risen. Gold imports are restricted. Local government staff in Delhi are working from home to save fuel. Sugar exports are temporarily banned. These actions aim to conserve foreign exchange reserves amid global pressures. The nation faces challenges from…

Fortune

Singapore Airlines defends its decision to invest in loss-making Air India: 'We know the market and how difficult it feels'

SIA reported a 57.4% drop in FY2025 net income to $927 million. Profits were partially eroded by losses from the airline's investment in Air India.

The Economic Times

Ishan Kishan gets Rs 1 crore reward from Bihar CM: Why did former SRH skipper receive the gift cheque?

Ishan Kishan s 1 cr reward: Bihar Chief Minister Samrat Choudhary honoured cricketer Ishan Kishan with a Rs 1 crore cheque for his contribution to India’s 2026 ICC T20 World Cup victory. The same day, Kishan was back in IPL action for Sunrisers Hyderabad, but Gujarat Titans’ fiery pace attack…

The Economic Times

India braces for more fuel hikes as Iran war forces Modi’s hand

Consumers in India are bracing for more fuel price increases. A recent modest hike in diesel and gasoline prices aims to ease the burden on households. However, refiners indicate significant losses due to high global oil prices. The government is encouraging fuel conservation measures. Further price adjustments are anticipated if…

The Economic Times

Better recoveries, low slippages pull down PSU banks write-offs to multi-year lows in FY26

Public sector banks in India saw loan write-offs fall to multi-year lows in fiscal year 2025-26. This positive trend is attributed to fewer new bad loans and better recovery of existing ones. Banks like Bank of Baroda and Punjab National Bank reported their lowest write-offs in years. This signifies a…

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