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"india-news"

  • Coffee exports up 125 per cent to USD 1.8 billion in last 11 years: Central government data

    India’s coffee exports rose 125 per cent in 11 years, reaching $1.8 billion, on account of a series of measures taken by the Coffee Board of India. Measures include export support, subsidies, and sustainable practices, boosting India's global presence and creating opportunities in specialty coffee and value-added products
  • RBI, banks join hands to launch digital fraud detection platform

    India's central bank and top lenders are collaborating on a Digital Payment Intelligence Platform to combat rising digital fraud. The initiative, expected to go live soon, will use real-time data and AI to enhance payment security across the banking ecosystem
  • India ramps up oil imports from Russia and US amid Iran-Israel conflict

    Amid rising tensions between Iran and Israel, India has ramped up Russian and US crude oil imports in June, reducing reliance on Middle Eastern supplies. Data shows India’s evolving strategy to ensure energy security amid Strait of Hormuz risks
  • Coal India arm Central Coalfields plans to bring 2 new mines into production

    Central Coalfields Ltd plans to open two new coal mines, aiming to boost production to 110 million tonnes this year and 150 million tonnes by 2030. It will also build four new washeries to improve coal quality for industrial use
  • Raymond Realty to launch Rs 14,000 crore worth of projects in FY26 after demerger

    Raymond Realty will launch six housing projects in the Mumbai Metropolitan Region in FY26 with Rs 14,000 crore sales potential. The company, post-demerger from Raymond Ltd, will list on stock exchanges on July 1 and aims to enter the Pune market
  • Gas flow drops sharply at ONGC’s Assam blowout site

    ONGC has significantly reduced gas flow at its Rudrasagar well in Assam following a blowout on June 12. With support from US experts, containment efforts are progressing, as pressure drops and safety measures like water blanketing and evacuations continue
  • LIC Housing Finance cuts home loan rate to 7.50 per cent on Foundation Day

    LIC Housing Finance has reduced new home loan interest rates to 7.50 per cent , effective June 19, following the RBI’s repo rate cut. The move coincides with its 36th Foundation Day and aims to boost home ownership in affordable and mid-income segments
  • ONGC achieves record drilling in 2024–25 with 578 wells

    ONGC has made significant progress in controlling the June 12 gas blowout at its Rudrasagar well in Assam. With gas flow rates down and expert support in place, containment efforts continue amid strict safety monitoring and resident evacuations
  • SEBI clears path for NSE IPO, says no more obstacles

    SEBI Chairman Tuhin Kanta Pandey said there are no remaining obstacles to the NSE’s IPO, pending submission of its DRHP. SEBI is also tightening scrutiny on market manipulation in SME IPOs and derivatives, promising strict action against irregularities
  • Net direct tax collections dip 1.39% to Rs 4.59 lakh crore on higher refunds

    India’s net direct tax collection fell 1.39% to ₹4.59 lakh crore so far this fiscal due to slower advance tax inflows and a surge in refunds. Corporate tax collections declined over 5%, while STT registered a 12% increase
  • NTPC board approves plan to issue NCDs worth Rs18,000 crore

    NTPC’s board has approved raising up to ₹18,000 crore via non-convertible debentures (NCDs) or bonds through private placement in the domestic market. Shareholders’ approval will be sought through a postal ballot, and funds will be raised in up to 12 tranches
  • India Cements to sell its subsidiary Industrial Chemicals

    India Cements Ltd will sell its subsidiary, Industrial Chemicals and Monomers, to Mirai Sensing for Rs 97.68 crore. Following UltraTech Cement's acquisition of ICL in December 2024, this move marks further restructuring, with the sale expected to conclude in six months
  • ITLF ends Churachandpur shutdown after agreement with authorities

    The Indigenous Tribal Leaders’ Forum (ITLF) in Manipur’s Churachandpur district has ended its indefinite shutdown following an agreement with local authorities after the death of a Kuki woman during a crossfire. Her funeral will be led by a philanthropic organisation
  • Axiom-4 astronauts to study insulin in space, advancing diabetes care

    Indian astronaut Shubhanshu Shukla and the Axiom-4 crew will conduct a pioneering study on glucose and insulin in microgravity. This could unlock advanced wearable tech and AI models to revolutionize diabetes care for astronauts and patients with limited mobility on Eart
  • ICMR launches India’s first rare blood donor registry for thalassemia, sickle cell patients

    ICMR has created India’s first national rare blood donor registry to aid patients with uncommon blood types. Integrated with e-Raktkosh, the platform aims to streamline access to rare blood, particularly for those with thalassemia, sickle cell disease, or high-frequency antigen antibodies
  • Man marries off wife of 15 years to lover after accusing her of poisoning him

    A man in Gonda, Uttar Pradesh, arranged the temple wedding of his wife of 15 years to her alleged lover, claiming she tried to poison him and harm their son. The wife has denied the charges and said the wedding was forced
  • Most AI tools are not built for India’s MSMEs, says Vexoo Labs

    At Super AI in Singapore, Vexoo Labs highlighted how most AI tools "hallucinate" and are unfit for India’s manufacturing MSMEs. The company promotes a trust-first, accuracy-focused AI model designed for Tier-II and Tier-III cities fueling India’s industrial growth
  • Indian students evacuated from Iran under Operation Sindhu

    Under Operation Sindhu, nearly 290 Indians, including 190 from Jammu and Kashmir, returned safely from conflict-hit Iran. The government confirmed more evacuations are planned, including from Israel, amid rising tensions in the region. Returnees praised the swift response and support
  • Govt launches Rs 2.3 crore startup challenge to boost rooftop solar adoption

    The Ministry of New & Renewable Energy has launched a ₹2.3-crore startup innovation challenge to accelerate rooftop solar and renewable energy solutions in India. Startups can apply by August 20 to compete for cash prizes and incubation support
  • Air India cancels Pune–Delhi flight after bird hit incident

    An Air India Delhi–Pune flight suffered a bird hit on Friday, leading to cancellation of the return journey. The aircraft landed safely in Pune. Air India is providing refunds, rescheduling, and accommodation. Separately, the airline is suspending 38 global flights
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