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The Latest Breaking News from India

US Stocks: GIFT City or traditional broker? Before you start overseas investing, know which route saves you more in taxes, costs, and hassle

Indians now have easier access to global markets through direct overseas investing or GIFT City. Direct investing offers wider choices and lower entry barriers, ideal for hands-on investors with smaller sums. GIFT City provides a structured, convenient route with higher initial investment, suitable for those seeking a managed approach to…

The Economic Times

Dalal Street set for a firm opening as GIFT Nifty trades higher

Indian markets surged on Monday, with the Nifty closing higher, buoyed by positive US-Iran talks, falling crude prices, and strong global sentiment. Value buying in IT stocks and reduced market volatility also contributed to the rally. Analysts anticipate a continued positive outlook for Indian equities, driven by ongoing diplomatic progress…

The Economic Times

Stocks in news: TCS, JSW Infra, Craftsman Automation, IIFL Finance, Transrail Lighting

Indian markets showed a positive trend on Monday, recovering some of Friday's dips, buoyed by global sentiment and strong performance in the banking sector. Several companies are making headlines: JSW Infrastructure is raising funds for expansion, TCS will announce its quarterly results and a potential interim dividend, and Craftsman Automation's…

The Economic Times

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Jio and NSE mega IPOs will test jittery retail investors

India anticipates two massive IPOs: the National Stock Exchange and Mukesh Ambani's Jio Platforms. Local investor sentiment is crucial, especially after a sluggish market and a depreciating rupee. While both companies boast strong market positions, Jio's fresh capital raise contrasts with the NSE's offer-for-sale. The success of these listings hinges…

The Economic Times

Software-hardware loop fuelling all new AI super cycle

While energy and cooling challenges persist, a lot more hardware requirements are expected to emerge, Synopsys CIO Sriram Sitaraman told ET. While energy and cooling pose challenges, innovation is anticipated to overcome these. Enterprises are also seeing productivity boosts from AI in repetitive tasks, shifting towards efficient model usage and…

The Economic Times

Cybersecurity firm Mitigata raises $15 million funding led by Bessemer Venture Partners

Bengaluru-based cybersecurity firm Mitigata has secured $15 million in a funding round led by Bessemer Venture Partners. The capital infusion will fuel headcount expansion, bolster research and development, and drive international market entry into the Middle East and Southeast Asia. Mitigata's AI-powered platform offers comprehensive cybersecurity solutions, addressing the escalating…

The Economic Times

Next ECMS tranche likely in August, to target rare earths, components

Government officials anticipate announcing the next wave of Electronic Component Manufacturing Scheme (ECMS) beneficiaries next month. The focus will be on domestic production of crucial upstream components and high-precision equipment. Firms investing in design capabilities are being prioritized, following a directive to ensure deeper value chain integration. The scheme has…

The Economic Times

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Talent shortage slows AI project progress beyond pilot stages

India faces a looming AI talent crisis, with projections indicating a shortage of over a million professionals by 2027. Companies are struggling to move AI projects beyond pilot phases due to a significant gap in skilled workers, particularly in deployment roles. This demand-supply imbalance is driving up salaries and impacting…

The Economic Times

Opendoor Is Cutting Nearly 250 Positions in India as It Builds Leaner AI-Driven Teams in America. What This Means for OPEN Stock.

Opendoor Technologies is cutting roles as it shifts toward an AI-driven model with new leadership under CEO Kaz Nejatian.

Barchart

Slumping Crude Oil Pressures Sugar Prices

July NY world sugar #11 (SBN26 ) on Monday closed down -0.24 (-1.77%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -0.40 (-0.09%). Sugar prices moved lower on Monday, with NY sugar falling sharply to a 2-month low. Monday’s -2% decline in crude oil prices (CLN26 )...

Barchart

When frontier AI can be switched off: India's sovereignty challenge

India must not depend on foreign AI models, as US export controls demonstrate potential access denial. Past reliance on external tech, like nuclear programs, led to self-sufficiency. For AI, India needs a continuity doctrine, fostering multiple research labs and institutions, not just symbolic wins. Learning from Singapore's biotech success, building…

The Economic Times

The next AI arms race will be over certainty, not intelligence

Recent AI model restrictions by the US government signal a new era of uncertainty, impacting global tech development. India faces a critical juncture, needing to bolster sovereign AI capabilities while remaining integrated with international ecosystems. This requires accelerated development of indigenous models and domestic compute infrastructure, balancing self-reliance with participation…

The Economic Times

India set to seal $230 million M777 howitzer support deal with US: Sergio Gor

India is set to receive a significant boost to its defence capabilities with a proposed $230 million US sustainment package for its M777 ultra-light howitzers. This deal, announced by the US Ambassador, aims to ensure the Indian Army can maintain these critical artillery systems. The package includes vital spares, technical…

The Economic Times

Israeli defence officials' India visit to deepen strategic ties: IMOD

A high-level Israeli defence delegation's visit to India is set to significantly strengthen the strategic partnership between the two nations. Discussions focused on expanding bilateral defence and industrial cooperation, including joint planning, training, and advancements in technology like AI and cybersecurity. This collaboration underscores Israel's strategy to broaden its strategic…

The Economic Times

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The Times of India

'They arrive for skilled jobs, end up in...': Indian-American student leader on challenges faced by international students

For years, studying abroad has been a dream for many Indian students seeking better career opportunities. But a combination of stricter visa rules, weaker job markets and a falling rupee is making that dream harder to achieve.

The Economic Times

Hero MotoSports marks 10 years, launches India's next Dakar Hero Programme

Hero MotoSports celebrated a decade of global rally raid success in Jaipur, unveiling a new initiative to discover and train India's future Dakar Rally stars. The company also extended its partnership with Dakar organizers, reinforcing its commitment to Indian motorsport. The event highlighted the team's achievements and showcased its dedication…

Barchart

Sugar Prices Slide Amid Crude Oil Weakness

July NY world sugar #11 (SBN26 ) today is down -0.29 (-2.13%), and Aug London ICE white sugar #5 (SWQ26 ) is down -2.40 (-0.54%). Sugar prices are sliding today, with NY sugar falling sharply to a 2-month low. Today’s -2% decline in crude oil prices (CLN26 ) has undercut...

The Economic Times

Weather tomorrow June 23: IMD warns of heavy rain in 13 states including Maharashtra, Bihar, Odisha, Assam; heatwave alert in East UP and Vidarbha

Weather tomorrow: India braces for extreme weather as the IMD forecasts heavy rainfall across 13 states, particularly in eastern and northeastern regions, with potential for waterlogging. Meanwhile, parts of East Uttar Pradesh and Vidarbha continue to battle heatwave conditions. Cities like Delhi may see some relief with partly cloudy skies…

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AAP

Fire at Indian animation training centre kills 15

A fire at ‌an animation training centre in Lucknow has killed at least 15 people, Indian authorities say.

The Economic Times

Meet Kunal Shah, serial entrepreneur and Meta's pick to lead WhatsApp

Indian tech entrepreneur Kunal Shah is set to lead WhatsApp, the world's largest messaging platform, succeeding Will Cathcart. Shah, the founder of fintech unicorn CRED and pioneer of digital payments with FreeCharge, brings extensive experience in building successful tech ventures. Meta's investment in CRED and Shah's deep understanding of user…

The Economic Times

India records over 5 lakh organ donation pledges: Union health ministry

The achievement underscores the increasing public recognition of organ donation as a profound act of humanity that offers hope and a second chance at life to patients awaiting transplantation, the Union health ministry said on Monday.

The Independent UK

Sussex all-rounder James Coles gets first England call-up for T20 series against India

England have named their T20 squad for next month’s series against India

The Economic Times

Tata Electronics hit by cyber breach claiming to expose Apple, Tesla trade secrets

Tata Electronics has confirmed a cybersecurity incident, with ransomware group World Leaks claiming to have posted sensitive design and specification documents belonging to Apple and Tesla. While Tata states operations remain unaffected, Apple is reportedly investigating the breach, which has seen over 200,000 files leaked. This incident marks another challenge…

The Economic Times

Who is Kunal Shah? CRED founder who sold FreeCharge for ₹2,800 crore, built CRED into a $325M fintech giant, and now set to lead WhatsApp

Kunal Shah, the visionary behind CRED, is set to lead WhatsApp globally following Meta's substantial investment. Renowned for scaling CRED and previously selling FreeCharge for ₹2,800 crore, Shah's journey from humble beginnings to a fintech titan is remarkable. He will transition from CRED's CEO to Meta's global leadership, marking a…

The Times of India

51-year-old Indian man dies after medical emergency on Abu Dhabi-Bangalore flight

A 51-year-old Indian man from Kerala, Yousafe Kunhammu, died after suffering a medical emergency on a flight from Abu Dhabi to Bangalore before take-off on Monday.

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