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The Latest Breaking News from India

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

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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

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 Economic Times

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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 Times of India

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

The Independent UK

'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…

The Economic Times

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.

Fortune

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

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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…

The Economic Times

BRICS talks end without joint statement, exposing divisions over war in Iran

BRICS diplomats met in Delhi but could not agree on a joint statement. Disagreements arose over the Middle East conflict, with Iran accusing the UAE of involvement. India, as host, released a chair's statement highlighting these differing perspectives. The grouping also called for the developing world to unite against global…

The Economic Times

Nifty to hit 42,000 by 2028? New paper that studied market cycles says it's possible if these factors align

A CNI InfoXchange study projects the Nifty could surpass 42,000 by 2028 if sustained foreign investor inflows return. The report highlights stronger domestic liquidity, resilient equity markets, robust GDP growth prospects, rising retail participation, and India’s increasing weight in global emerging market indices.

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The Economic Times

Father smashes son’s laptop after CBSE Class 12 result, social media debates fear-based parenting

A student's claim of abuse after poor CBSE Class 12 results, including their father smashing their laptop and forcing them to sleep on the floor, has sparked widespread debate. The incident highlights concerns about toxic parenting and academic pressure in India, with users criticizing fear-based approaches and advocating for support…

The Economic Times

'Russian oil supplies to India have increased': Lavrov hails surging energy ties with New Delhi amid global pressures

He accused the US of seeking to "dominate global energy markets" and sideline Russian firms. Amid West Asia tensions, Lavrov highlighted the "privileged" Moscow-Delhi partnership during the BRICS meeting.

The Economic Times

India’s unemployment rate steady at 5.2% in April; rural joblessness rises to 4.6%

India's job market shows stability. The overall unemployment rate was 5.2% in April 2026. Rural joblessness increased slightly. Urban unemployment saw a small decrease. Labour force participation declined for both men and women. Worker population ratio also moderated. These trends indicate minor shifts in employment conditions across the country.

The Economic Times

Lighthouse Canton launches Rs 1,200 cr private credit fund to tap India’s evolving lending landscape

Lighthouse Canton has launched its third India-focused private credit fund, targeting Rs 1,200 crore to capitalise on the country’s expanding private credit market. The fund will focus on structured credit investments in mid-to-large corporates, aiming to deliver stable yields and risk-adjusted returns through secured lending strategies.

The Economic Times

UAE condemns 'terrorist' attack on Indian-flagged vessel off Oman coast

The UAE has strongly condemned a recent attack on an Indian-flagged ship off Oman's coast. Calling it a terrorist act, the UAE stated this dangerous escalation threatens vital shipping lanes. Indian authorities confirmed the attack occurred Wednesday. All 14 crew members were rescued by Omani forces. This incident occurs amidst…

The Economic Times

Adani legal relief could be a turning point for India's biggest infrastructure bet: Deven Choksey

A potential dropping of US fraud charges against Gautam Adani could signal the end of an eighteen-month defensive period for the Adani Group. This development is expected to reopen doors to global capital, enable debt repricing, and allow the conglomerate to prioritize growth over legal concerns, according to market observers.

The Economic Times

Very small rise in fuel price revision: Indian Oil chief says company working round the clock to ensure full capacity availability

Indian Oil refineries are running at over 100 percent capacity. This ensures no fuel shortage at retail outlets. Prices for petrol and diesel have seen a small increase. The company is also focusing on alternative energy. Two hydrogen-powered buses have been provided to Delhi Metro. These buses offer zero emissions.

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