Category: India LIVE

Hyderabad-based Drogo Aerospace has delivered 41 JK 250e surveillance drones to the Indian Army, advancing a ₹72-crore order that places the defence technology firm among a growing group of domestic companies supplying unmanned systems for frontline military use.

The first batch was received by officials of the Army’s Southern Command in Nashik, Maharashtra. The delivery forms part of a 217-drone contract, with the company aiming to supply the remaining 176 units by August 2026. The schedule gives Drogo Aerospace a tight

New Delhi has moved into crisis-management mode as the war in Iran raises fuel costs, strains the rupee and forces the Centre to balance energy security against its deficit-reduction pledge.

The latest response includes curbs on bulk diesel purchases at retail outlets, a willingness to let the fiscal deficit widen beyond the Budget target, and measures to pull in overseas capital as policymakers try to contain pressure on inflation, subsidies and the balance of payments. The measures mark a sharp shift

A small change in central bank wording has given banks fresh room to mobilise foreign-currency deposits, potentially drawing as much as $50 billion into India at a time when the rupee and external balances are under pressure.

The Reserve Bank of India’s June package centres on Foreign Currency Non-Resident Bank deposits, or FCNR deposits, a long-used channel through which overseas citizens place foreign-currency funds with banks. The decisive shift lies in the way the central bank has structured the swap window

JNK India has secured a large export order for an incinerator package linked to Abu Dhabi’s TA’ZIZ Salt Project, strengthening the company’s overseas order book and widening its role in waste gas handling systems for large industrial projects.

The order, received on June 8 from CC7 Emirates Engineering Solutions L. L. C., covers design, engineering, manufacture, procurement and supply on a Free Carrier basis. JNK India will also provide assistance, charged on a per diem basis, for erection, commissioning and witnessing

Sri Lanka’s rupee rallied more than 2 per cent after the Central Bank of Sri Lanka shortened the deadline for exporters to convert foreign currency earnings into local currency, a move aimed at easing pressure on a market strained by rising import demand, energy costs and expectations of further depreciation.

The currency strengthened sharply in Colombo trading, touching 328 to the dollar from weaker levels around 336.50 before settling in a wider 332-334 range. The previous close was near 337.00-337.75, underscoring

New Delhi has tightened import controls on key silver categories, making prior authorisation from the Directorate General of Foreign Trade mandatory for specified products under Chapter 71 of the ITC 2022 schedule.

The amended rules, issued through Notification No. 19/2026-27 dated 2 June 2026, apply with immediate effect to silver powder, silver grains, silver of 99.9% purity or more, and other unwrought silver. The change adds a fresh approval layer to a trade channel that was already limited to nominated

Paytm plans to add about 4,000 employees over the next nine months as the digital payments company pushes deeper into artificial intelligence, product development and merchant services, even as it cuts a smaller number of roles after its performance review cycle.

The hiring programme would expand the workforce of One 97 Communications, Paytm’s parent, by about 10 per cent from a base of roughly 40,000 employees. The company is also expected to reduce about 1 per cent of its staff, or

The Embassy of India in Muscat said it is monitoring a maritime incident involving a vessel carrying Indian seafarers off Oman and is coordinating with Omani authorities to secure the safety and rescue of those on board.

The statement followed reports that a fire broke out on the tanker MT Marivex near Omani waters on Monday, with preliminary information indicating that 24 seafarers from India were on board. Early inputs from shipping and seafarer welfare channels said the crew were safe,

Reserve Bank of India has pushed its net short dollar position past $110 billion, taking a key currency-defence tool to a record high as pressure on the rupee forces heavier use of forward-market intervention.

The rise marks a sharp escalation in the central bank’s effort to cushion the currency after the rupee weakened to a record low near 97 to the dollar on 20 May. The position, built through forward and offshore derivative contracts, shows how the central bank has increasingly

BEML Ltd. is chasing a sharp expansion in orders this fiscal year, targeting a book of more than ₹31,000 crore as the state-run manufacturer leans on urban rail, high-speed train projects and defence contracts to move beyond its traditional heavy-equipment base.

The Bengaluru-headquartered company’s plan marks an attempt to nearly double a pipeline that has stood at about ₹16,600 crore, with management betting that public transport expansion and defence procurement will support multi-year growth. Rail and metro projects are expected to

Elon Musk’s reaction to a viral post on India’s falling fertility rate has pushed the country’s demographic transition into a wider global debate, as official data show the national total fertility rate at 1.9 children per woman, below the replacement benchmark of 2.1.

Musk responded on X to a post claiming that India’s birth rate had fallen below replacement level, writing that the trend had appeared “among those most educated” many years earlier. His comment drew attention because the Tesla and

A 28-year-old man died and a woman was hospitalised after medical emergencies at an overnight music concert in Mumbai’s Worli, prompting police to examine whether alcohol, narcotics, crowd conditions or delayed medical response played any role in the incident.

Vrishabh Mahendra Gangurde, a resident of Mahim, fell ill during the “Klangkuenstler All Night Long” event at the NSCI Dome in the early hours of Sunday. He was taken for medical care after his condition deteriorated, but was declared dead. A female

Thousands of Central Board of Secondary Education Class 12 students have pressed for grace marks and a waiver of post-result fees after complaints of evaluation errors, portal glitches and delayed access to answer sheets placed their college admissions under fresh strain.

The demand has gathered pace across student networks, parent groups and coaching circles after candidates reported unusually low marks, unchecked answers, blurred scanned copies, payment failures and difficulty accessing the board’s post-result services. Many students say the burden of paying

New Delhi scrapped capital gains tax on foreign institutional investment in government securities, using an ordinance to sharpen the appeal of its sovereign debt market and draw overseas capital as the rupee faces pressure from higher energy costs and equity outflows.

The exemption, effective from 1 April 2026, covers interest income and capital gains arising from the sale, exchange or transfer of specified government securities by eligible foreign institutional investors and the Bank for International Settlements. President Droupadi Murmu signed the

Oman India Fertiliser Company is preparing to sell 25 per cent of its share capital through an initial public offering, setting up a July debut on the Muscat Stock Exchange as Oman pushes ahead with a broader programme to widen public ownership of strategic assets.

The offering will comprise existing ordinary shares held by the company’s current shareholders, meaning proceeds from the sale will go to the selling shareholders rather than to OMIFCO. The subscription period is expected to open this

India’s oil demand growth is heading for its weakest annual pace since the pandemic as the Middle East conflict pushes up crude and fuel costs, squeezes refiners and curbs consumption across transport, aviation and industrial sectors.

Consumption growth in the world’s third-largest crude importer is now forecast at about 78,000 barrels a day for 2026, nearly 40 per cent below pre-war expectations. Excluding the Covid-hit year of 2020, that would mark the slowest expansion in a decade for an economy that

Mounting pressure on the rupee has put the Reserve Bank of India’s reserve strategy under sharper scrutiny after a report indicated that the central bank may have sold about $12 billion worth of gold holdings to protect foreign currency assets from the fallout of the US-Iran conflict.

The reported move, if confirmed, would mark a significant shift in the composition of India’s external buffers at a time when oil prices, foreign portfolio outflows and import demand are combining to test the

Coal India Ltd cut coal production in May by 11.6 per cent year-on-year to 56.13 million tonnes, underscoring a shift in the country’s energy market as high inventories, uneven industrial demand and rising non-fossil capacity alter the operating rhythm of the world’s largest coal miner.

The May figure, based on provisional operational data for the month ended 31 May, came against a monthly target of 66.28 million tonnes. Coal offtake, the volume supplied to power utilities and other customers, rose 2.26

Odisha has secured a proposed $3.3 billion semiconductor substrate project involving Intel Corporation and 3D Glass Solutions Inc., marking one of the largest high-technology manufacturing commitments tied to India’s chipmaking ambitions.

The memorandum of understanding, signed by the Government of Odisha, Intel and 3DGS, covers an advanced packaging glass-core substrate manufacturing facility in the Bhubaneswar-Khurda region. The project is expected to focus on substrates used in next-generation chip packaging, a part of the semiconductor supply chain that has gained strategic importance

IndiGo slipped to an unexpected quarterly loss as a sharp foreign-exchange hit, elevated fuel costs and West Asia-linked operational disruption outweighed steady revenue at Asia’s largest low-cost carrier.

InterGlobe Aviation, the parent of IndiGo, reported a consolidated net loss of ₹2,536.9 crore for the quarter ended 31 March 2026, compared with a profit of ₹3,067.5 crore a year earlier. Revenue from operations rose 1.3 per cent to ₹22,438.4 crore, underscoring the pressure on margins even as traffic and network scale remained

Capital markets regulator SEBI is preparing tighter rules to track how listed and listing-bound companies use money raised from investors, seeking to strengthen accountability at a time when public fundraising has slowed and market volatility has tested investor confidence.

A draft framework under consideration would expand the role of monitoring agencies, usually SEBI-registered credit rating firms, and give them a stronger channel to flag diversion, delays or non-cooperation in the deployment of funds raised through equity issues. The proposals cover initial

Air India Express has opened a five-day fare campaign offering savings of up to 50 per cent on five million seats across domestic and overseas routes, sharpening competition in a travel market facing strong seasonal demand and cost pressures.

The ‘Xpress Sale’ is open for bookings from May 27 to May 31, 2026, with travel valid from June 15 to October 10. The discount applies to Lite and Value fare categories, giving passengers a wider window to plan summer, festive and

Cybersecurity teams across India face a compressed response window after CERT-In urged organisations to fix actively exploited internet-facing vulnerabilities within 12 hours wherever feasible, marking a sharper regulatory push as artificial intelligence accelerates cyber-attack cycles.

The guidance, issued on May 25 in a 38-page blueprint, reflects growing official concern that attackers are using generative AI, large language models and autonomous tools to discover exposed systems, weaponise flaws, craft phishing lures and scale malware operations faster than conventional security programmes can respond.

Oman and India renewed a maritime security cooperation agreement in Muscat, extending a framework designed to improve coordination, exchange expertise and support safer navigation across one of the world’s most sensitive sea corridors.

The renewed memorandum of understanding was signed on 25 May by Rear Admiral Saif bin Nasser Al Rahbi, Commander of the Royal Navy of Oman and Chairman of the Maritime Security Committee, and G. V. Srinivas, India’s Ambassador to the Sultanate of Oman. Oman was represented by the