Category: India LIVE

Shares of Parle Industries hit their 5 per cent upper circuit on the BSE after a viral exchange between Prime Minister Narendra Modi and Italy’s Prime Minister Giorgia Meloni triggered a wave of retail interest in a company with no link to the sweet at the centre of the episode.

The stock rose to ₹5.25 on Wednesday as traders reacted to online chatter around Modi gifting Meloni a packet of Melody toffees during his visit to Rome. The moment spread quickly

Gautam Adani has secured a major legal reprieve in the United States after federal prosecutors moved to drop criminal fraud charges tied to allegations that his group misled investors over a solar energy bribery scheme in India.

The decision marks a sharp turn in a case that had weighed on the Adani Group’s global ambitions since November 2024, when prosecutors in Brooklyn accused Adani, his nephew Sagar Adani and other executives of concealing alleged payments to officials in India to secure

Sixty-eight passengers were evacuated safely after a fire broke out in an air-conditioned coach of the Thiruvananthapuram–Hazrat Nizamuddin Rajdhani Express in Madhya Pradesh’s Ratlam district early on Sunday, triggering emergency action on one of the country’s busiest long-distance rail corridors.

No passenger casualties or injuries were reported after railway staff stopped the Delhi-bound train and moved passengers out of coach B-1, where flames and smoke were detected during the journey through the Kota division. The incident involved train number 12431, a

Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan have agreed to widen cooperation on strategic crude and gas reserves, giving New Delhi a larger buffer against supply shocks at a time of heightened volatility across West Asia and global energy markets.

The agreement, reached during Modi’s official visit to Abu Dhabi on 15 May 2026, includes a strategic collaboration between Indian Strategic Petroleum Reserves Limited and Abu Dhabi National Oil Company to expand the UAE’s participation

Prime Minister Narendra Modi arrived in Abu Dhabi on Friday at the start of an official visit that placed energy security, defence cooperation and investment at the centre of one of India’s most closely watched Gulf partnerships.

UAE President Sheikh Mohamed bin Zayed Al Nahyan welcomed Modi on arrival, underscoring the personal diplomacy that has become a defining feature of ties between the two leaders. The visit opened the first leg of Modi’s five-nation tour, which is scheduled to include the

New Delhi is weighing a cut in taxes on foreign investment in domestic bonds, a move aimed at drawing deeper global capital into the debt market and easing pressure on the rupee.

The proposal, pushed by the Reserve Bank of India and under examination by the finance ministry, would lower the tax burden on overseas investors earning returns from government and corporate debt. The measure is being considered as policymakers seek to align India’s bond taxation framework more closely with other

Reliance Jio Platforms has reshaped its planned Mumbai stock market debut into a fresh-share issue, dropping an earlier structure that would have allowed existing investors to sell part of their holdings and turning the offer into a direct capital-raising exercise for the digital and telecom business.

The revised plan would involve the sale of a 2.5 per cent stake through new shares, with the proceeds flowing to Jio Platforms rather than to shareholders seeking exits. The change marks a significant adjustment

Cinema star C. Joseph Vijay took office as Tamil Nadu Chief Minister on Sunday after his Tamilaga Vettri Kazhagam secured outside support from smaller parties, ending decades of dominance by the DMK and AIADMK in one of the country’s most industrialised states.

Vijay was sworn in by Governor Rajendra Vishwanath Arlekar in Chennai after TVK, which emerged as the single largest party in the 234-member assembly, crossed the majority threshold with backing from allies

Sarvam has partnered with YCP India to help enterprises move artificial intelligence projects from small pilots into structured, organisation-wide deployments aimed at measurable business gains.

The collaboration brings together Sarvam’s full-stack sovereign AI platform and YCP India’s consulting, digital transformation and execution capabilities. The two companies plan to work with businesses on use-case selection, technology integration, change management and deployment across functions where AI can cut costs, improve productivity or strengthen customer engagement.

The partnership

Air India is preparing deeper cost controls and fresh flight reductions as the Iran war pushes up fuel costs, disrupts airspace and intensifies pressure on a carrier still trying to complete one of the world’s most ambitious airline turnarounds.

The Tata Group-owned airline is weighing measures that could include furloughs for non-technical employees, salary reductions for senior executives, lower bonus payouts and capacity cuts of more than 20 per cent over the next three

Bengaluru-based Pixxel and Sarvam have set out plans to build Pathfinder, a 200 kg-class orbital data centre satellite that would test whether artificial intelligence workloads can be processed directly in space rather than routed first through terrestrial cloud systems.

The mission, announced on 4 May 2026, is scheduled to reach orbit as early as the fourth quarter of 2026. Pixxel will design, build, launch and operate the satellite, while Sarvam will provide the artificial

India is preparing a new electronic venue for bond-forward trades, seeking to bring greater transparency to a fast-growing derivatives segment that still relies heavily on negotiated over-the-counter deals.

The proposed platform is being developed around the Clearing Corporation of India’s market infrastructure and is expected to be placed before the Reserve Bank of India for regulatory approval. Market participants have been working with the clearing corporation on design features, including trade execution, clearing, margining and reporting, with a rollout being discussed

Tamil Nadu’s vote count pointed to a dramatic political rupture on Monday, with actor Vijay’s Tamilaga Vettri Kazhagam emerging as the strongest challenger to the ruling DMK and threatening to redraw the balance of power in one of the country’s most important industrial states.

Trends through the afternoon showed TVK ahead in more than 100 seats in the 234-member Assembly, close to the 118-seat majority mark. The AIADMK alliance was holding second place in

Google has begun construction of a $15 billion artificial intelligence hub in Visakhapatnam, placing Andhra Pradesh at the centre of one of the largest digital infrastructure investments planned in India and sharpening the country’s bid to host high-intensity AI computing at global scale.

The Google Cloud India AI Hub, being developed with AdaniConneX and Nxtra by Airtel, is designed as a gigawatt-scale private cloud and data centre network across three campuses near the port city. The investment is planned over 2026-2030

India’s electronics manufacturing drive has gained fresh momentum after Ashwini Vaishnaw said the country was positioned to become a trusted global value chain and supply chain partner, placing semiconductors, mobile phones, artificial intelligence infrastructure and component manufacturing at the centre of its industrial strategy.

The Union Minister for Electronics and Information Technology, Railways and Information and Broadcasting made the remarks at the ground-breaking ceremony of the Google Cloud India AI Hub in Visakhapatnam, a project carrying an estimated investment of $15

Andhra Pradesh Chief Minister N. Chandrababu Naidu has cast Amaravati’s quantum push as a test of whether the country can build strategic technology capacity at home rather than remain tied to foreign platforms, using the launch of two indigenous open-access facilities to argue that partnership with global companies need not mean dependence. The remarks came days after the state unveiled Amaravati 1S and Amaravati 1Q on World Quantum Day, presenting the project as

Lenskart has raised $220 million from investors including Temasek and Falcon Edge Capital, a deal that marked one of the standout funding rounds in a year when technology companies were drawing heavy global capital and pushing valuations sharply higher. The eyewear retailer was valued at about $2.5 billion in that transaction, according to multiple reports at the time, extending a run in which consumer internet businesses were moving from niche start-up status into large-scale retail platforms with national reach.

The

New Delhi is treating the fallout from the Iran war as more than a passing oil shock, with the strain spreading from shipping lanes and fertiliser markets to trade flows and inflation risks. The concern inside government and industry is that even if fighting eases, higher freight, insurance and input costs could leave a long tail for an economy that still depends heavily on imported energy and exposed maritime routes.

Pressure on the economy is already visible in trade and

Reserve Bank officials have opened discussions with commercial lenders on how to attract larger and more stable deposits, as the banking system grapples with a widening mismatch between loan growth and deposit mobilisation. The push comes as households channel a bigger share of savings into equities and mutual funds, leaving banks under pressure to compete harder for retail money and rely more on costlier wholesale funding.

The backdrop is a funding strain that has become harder for lenders to ignore.

Formula 1 could return to Greater Noida in 2027 if the government, circuit stakeholders and the sport’s commercial side can align on taxes, approvals and financing, after Sports Minister Mansukh Mandaviya said work was under way to revive the race at the Buddh International Circuit. His remarks have revived expectations among motorsport followers, but the project remains at the stage of negotiations rather than confirmation.

Mandaviya said the government was trying to remove

TCL Electronics is exploring the sale of a stake in its television manufacturing business in India to local buyers, in a move that could help the Chinese consumer electronics group expand more deeply in one of the world’s fastest-growing electronics production bases, according to people familiar with the matter. Bloomberg reported the company is working with an adviser and is seeking to raise at least $200 million from the proposed stake sale.

The

Reserve Bank officials have sharpened their criticism of banks and foreign-exchange market makers after volatile rupee trading during the Middle East crisis, arguing that arbitrage activity between onshore and offshore markets worsened pressure on the currency and distorted price discovery at a delicate moment for the economy. The intervention marks a tougher regulatory message from Mumbai as policymakers try to contain imported inflation risks, calm hedging costs and restore order to a market jolted by oil shocks and shifting geopolitical

India’s push to build an artificial intelligence ecosystem that is both strategically independent and culturally grounded is gathering pace, as policymakers, startups and large enterprises converge around a shared question: how to create AI systems that are secure enough for national priorities and rich enough to reflect the country’s languages, knowledge traditions and institutional memory.

That debate has sharpened after comments by Arun Subramaniyan, founder and chief executive of Articul8, who argued that India’s AI trajectory should not be framed as

Qatar and India have moved to reinforce one of Asia’s most important energy relationships, with senior ministers in Doha pledging closer cooperation and calling for urgent protection of global supply chains as conflict-linked disruption continues to unsettle oil and gas markets. During talks on April 9 and 10, Qatar’s Minister of State for Energy Affairs and QatarEnergy chief executive Saad Sherida Al-Kaabi told India’s Minister of Petroleum and Natural Gas, Hardeep Singh Puri, that Doha would remain a reliable energy