Tourist boat capsizes off Vietnam's Phu Quoc Island, leaving at least 15 dead

A tourist boat carrying mostly Indian visitors capsized off the southern Vietnamese island of Phu Quoc on Saturday, leaving at least 15 people dead in one of the country's deadliest maritime accidents involving foreign tourists this year. Rescue teams responded to the incident as survivors were brought ashore and authorities continued......

India and New Zealand elevate relations to strategic partnership during Modi's auckland visit

India and New Zealand have formally elevated their bilateral relationship to a Strategic Partnership, marking a new phase in diplomatic cooperation as Prime Minister Narendra Modi continues to strengthen New Delhi's engagement across the Indo-Pacific. The announcement came during Modi's visit to Auckland, where he met New Zealand......

India weighs tougher cryptocurrency restrictions as central bank renews call for ban

India's financial authorities are signalling a tougher stance on cryptocurrencies, with the country's central bank once again advocating policies that would effectively prohibit crypto assets while tax officials warn that offshore trading platforms present growing compliance challenges. Government documents reviewed by Reuters indicate......

Indian court orders restoration of Cockroach Janta Party’s X account after government block

An Indian court has ordered the federal government to lift restrictions on the social media account of the youth-led Cockroach Janta Party on X, ending a month-long dispute over online speech and government intervention. The Delhi High Court issued the order on Tuesday after the government said it had no objection to restoring access to the......

Foreign investors return to Indian banking Stocks as policy measures drive 14-month inflow high

Foreign investors have made a strong return to India's banking sector, with financial stocks attracting their largest fortnightly inflows in 14 months during the second half of June, supported by policy initiatives, attractive valuations and improving earnings expectations. Data released by the National Securities Depository showed that......

Titan reports 41% growth in consumer business as festival demand boosts jewelry sales

India’s Titan Company reported a 41% year-on-year increase in its consumer business during the first quarter of the financial year, supported by strong festival-driven demand that fueled sales in its flagship jewelry division. The company said growth for the three months ending June 30 was primarily driven by robust performance in its......

India plans major overhaul of stock lending rules to expand short selling

India’s securities regulator is preparing a significant overhaul of its stock lending framework that would make short selling more accessible by expanding the number of eligible shares and easing collateral requirements, according to people familiar with the plans. The proposed reforms are designed to strengthen the country’s......

Rupee pressure returns as Indian companies revive forex arbitrage trades

The Indian rupee has come under renewed pressure as companies increasingly exploit pricing gaps between domestic foreign-exchange markets and offshore non-deliverable forward (NDF) contracts, a strategy that is boosting demand for U.S. dollars and reviving a longstanding challenge for policymakers. Market participants say the recent weakness......

Indian refiners IOC and HPCL secure 7 million barrels of crude in latest tender deals

India’s state-owned refiners have purchased approximately 7 million barrels of crude oil through recent tenders, highlighting sustained import demand from one of the world’s largest energy consumers, according to trade sources. The combined purchases were made by Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation......

India's auto industry defends E20 ethanol fuel rollout amid growing public concerns

India's government and leading automobile manufacturers have defended the nationwide rollout of E20 petrol—fuel containing 20% ethanol—following growing public concern over its potential impact on vehicle performance and engine durability. Speaking at a joint press conference on Saturday, government representatives and industry......

India investigates Tata Electronics data breach exposing Apple iPhone secrets

India has launched an official investigation into a major data breach at Tata Electronics that exposed sensitive information linked to Apple's upcoming iPhone 18 Pro, marking one of the most significant cybersecurity incidents involving a major global tech supply chain in the country. The government confirmed the probe on Friday in its......

India plans insurance commission overhaul to reduce mis-selling and improve consumer protection

India's insurance regulator is preparing a major overhaul of commission structures for insurance distributors, aiming to curb policy mis-selling, lower distribution costs and strengthen consumer protection in one of Asia's largest insurance markets. According to sources familiar with the discussions, the Insurance Regulatory and Development......

GoDaddy warns India's anti-fraud website rules could have global internet impact

GoDaddy, the world's largest domain name registrar, has raised concerns over India's proposed measures to combat fraudulent websites, warning that the new regulatory approach could create unintended consequences for legitimate businesses and reshape internet governance beyond the country's borders. The company's concerns come......

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