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The Latest Breaking News from India

L&T wins orders from JSW Utkal Steel, IWAI, others

Larsen & Toubro has won several new contracts in India. These include piling work for JSW Utkal Steel in Paradeep, Odisha. L&T GeoStructure will also build ship repair facilities in Patna and Varanasi for the Inland Waterways Authority of India. Additionally, a yacht marina project at Mumbai Harbour has been…

The Economic Times

Incuspaze hires Amit Ghoshal as new enterprise chief for ₹1,000 crore revenue push

Flexible workspace provider Incuspaze has appointed Amit Ghoshal as managing director for its enterprise business to drive growth and revenue expansion. This strategic move supports the company's ambition to reach ₹1,000 crore in revenue by FY29 and prepare for a planned IPO.

The Economic Times

Which city is called as the Mango capital of the world?

Mango capital of the world: Just 25 km from Lucknow lies Malihabad, a small town that has become globally famous for its legendary mango orchards and the iconic Dussehri mango. With centuries-old cultivation history, a 200-year-old “mother tree,” and varieties loved across India and beyond, Malihabad has earned its reputation…

The Economic Times

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ET Alpha Wealth Summit: Future-proofing portfolios for the next decade

India's leading investment minds will converge at the ET Alpha Wealth Summit in Mumbai on June 4 to address market uncertainty and identify future alpha sources. Seasoned investors like S Naren and Radhika Gupta will share insights on navigating evolving markets, portfolio evolution, and emerging opportunities in India's growth story.

The Economic Times

Coal India dismisses shortage fears; says 168 MT buffer available to meet rising demand

Coal India has built a substantial buffer of 168 million tonnes to meet rising summer power demand. Stocks at power plants and mine heads are robust, ensuring adequate supply for domestic coal-based plants. This proactive measure addresses concerns about potential shortages. India's peak power demand has reached new highs due…

The Economic Times

Hexagon Nutrition IPO opens June 5: Price band fixed at Rs 42-45; check key details here

Hexagon Nutrition Limited is launching its Initial Public Offering on June 5, 2026. The company plans to raise Rs 138.87 crore through an Offer for Sale. Investors can subscribe to shares priced between Rs 42 and Rs 45. The issue closes on June 9, 2026. Hexagon Nutrition is a prominent…

The Economic Times

Is Quad the Asian NATO or ocean foam? What Delhi meet reveals

Quad foreign ministers met in Delhi focusing on practical cooperation. New initiatives target critical minerals, maritime surveillance, and energy security. The grouping is shifting towards economic and technological coordination. This pragmatic approach aims for resilience rather than deterrence. The Quad's future hinges on US strategic consistency and its ability to…

The Economic Times

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President Murmu begins 3-day Sikkim tour, to visit India-China border

President Droupadi Murmu has arrived in Sikkim for a three-day visit. She will visit the India-China border at Nathu La. The President will also flag off vehicles for women and attend the Sikkim University convocation. She will present the President of India's Police Colour to the Sikkim Police on her…

The Economic Times

India cancels soymeal export deals, turns to Africa for soybean imports

Indian traders have cancelled 25,000 metric tons of soymeal export contracts. This is the first time since 2021. They have also booked 80,000 tons of imports from African countries. Soaring domestic prices have reversed trade flows. This shift helps North and South American suppliers boost shipments to Asian buyers. African…

The Economic Times

Threading Europe: India’s textile majors redraw strategy after tariff turbulence

Indian textile and apparel companies are expanding their presence in Europe and the UK. Upcoming free trade agreements are expected to boost India's competitiveness against rival sourcing hubs. Companies are setting up showrooms and increasing participation in trade fairs. This diversification aims to reduce dependence on single export markets.

The Economic Times

QSR chains face margin pressure, not demand shock: Karan Taurani on fuel and LPG impact

Rising fuel and LPG prices are impacting India's consumption landscape unevenly. While some sectors like QSR face margin compression due to high LPG dependence, others like alco-bev and retail show divergence based on cost structures and input reliance. Platform businesses are relatively insulated but face risks from restaurant partner struggles…

The Economic Times

India’s GDP revisions explained: What changed and why it matters

Amidst the ongoing West Asia crisis, the Indian economy is expected to take a hit: the World Bank’s latest projections suggest that the country’s GDP growth could fall to 6.6 percent in this financial year.

Newslaundry

MobiKwik shares surge 8% after the company gets RBI nod for payment aggregator license

One MobiKwik Systems shares surged after the company received in-principle RBI approval for its Payment Aggregator-Physical licence, strengthening its offline merchant payments business. The fintech firm also reported a return to profitability in Q4 FY26, supported by revenue growth and improving operational performance across its merchant ecosystem.

The Economic Times

RBI, rating firms assess Iran war risks on Indian companies

The Reserve Bank of India is proactively assessing potential borrower stress due to the US-Iran conflict, engaging with local credit rating agencies. Discussions focused on evaluating ground conditions and the need for temporary regulatory relief to safeguard creditworthiness. Authorities aim to prevent economic growth from being hampered by any emerging…

The Economic Times

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The Economic Times

SC notice to Centre on plea alleging 'vague' definition of wetland

The Supreme Court has asked the Centre to explain the definition of wetlands. A petition claims the current definition is vague. This vagueness reportedly excludes many important wetland sites from protection. The court is examining if the definition violates constitutional rights. Responses are expected by August 10. This legal challenge…

The Economic Times

Ranveer Singh banned by FWICE over Farhan Akhtar's Don 3: What does it mean for the Dhurandhar actor?

The Federation of Western India Cine Employees (FWICE) has issued a non-cooperation notice against Ranveer Singh, impacting over four lakh members. This follows his last-minute exit from Farhan Akhtar's "Don 3," with producers claiming over Rs 45 crore spent in pre-production. The directive, while not a legal ban, could disrupt…

The Economic Times

Nandan Nilekani's Fundamentum bets big on AI, deeptech with Rs 3,000 crore purse

Fundamentum Partnership has launched F2A, a Rs 3,000 crore frontier-tech investment platform focused on AI and deeptech startups. The firm will invest between Rs 40-90 crore in 12-15 companies over three years, targeting commercialization-stage businesses in sectors like semiconductors and robotics where India has strategic advantages.

The Economic Times

Nandan Nilekani's Fundamentum bets big on frontier tech with Rs 2,000 crore fund for AI, deeptech

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The Economic Times

IT still a question mark; 6 sectors where Envision Capital's Nilesh Shah is actually putting money

Nilesh Shah, MD and CEO of Envision Capital, is buying through market volatility but steering clear of IT, questioning the validity of current business models amidst AI's disruptive potential. He highlights six sectors poised for growth, including digital platforms, D2C brands, and defence hardware, while seeing AI as a tailwind…

The Economic Times

Hungrier to go one step further as series win against India a boost: Wolvaardt eyes T20WC crown

South Africa's captain Laura Wolvaardt expressed the team's heightened desire for an ICC title after successive near-misses, fueled by a recent series win over India. Reaching back-to-back T20 World Cup finals has intensified their hunger to finally cross the final hurdle and clinch the trophy.

The Economic Times

B2B quick commerce startup Fairdeal raises $15 million from Bertelsmann India, others

B2B quick commerce platform Fairdeal.Market has secured $15 million in a funding round led by Bertelsmann India Investments. The company aims to deliver over 1,000 SKUs to kirana retailers within 60 minutes using a dark store model.

The Economic Times

HPCL, Tata Motors partner for used lubricant pilot project

Hindustan Petroleum Corporation Ltd and Tata Motors have joined forces for a pilot project. This collaboration aims to create an organized system for managing used automotive lubricants. The initiative will focus on collection, storage, and recycling of this hazardous waste. It supports India's Extended Producer Responsibility framework.

The Economic Times

India emerging as key APAC growth hub for AI talent and energy security: Colliers Report

India is emerging as a key growth engine in the Asia Pacific region. Driven by advancements in Artificial Intelligence and a strong demographic advantage, the country is attracting global firms. Significant investments in AI and a focus on energy security are transforming corporate real estate strategies. India's large, young, and…

The Economic Times

Quad vows to invest $20 billion towards critical minerals supply chains

India, Australia, Japan, and the US are pooling up to $20 billion to bolster critical minerals supply chains. This initiative aims to reduce import reliance and boost local industries by supporting mining, processing, and recycling. The Quad partners will identify and back projects crucial for advanced technologies and regional economic…

The Economic Times

Double Tap Films takes 21 Hindi microdramas global with TikTok partnership

Double Tap Films, a Pratilipi studio, is distributing 21 Indian microdrama shows on TikTok in the US, Canada, Brazil, and Japan. This marks a significant international deal for Indian vertical-format content. The partnership aims to test global demand for these short-form stories. Indian microdrama is rapidly growing, attracting investor interest…

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