India's privatisation push, once projected as a cornerstone of economic reform, has suffered another setback, with the Centre set to call off the IDBI Bank stake sale, highlighting the political and structural constraints shaping the country's disinvestment policy, experts say.
The Nifty 50 firms' contribution to the overall earnings of India Inc has steadily declined, reaching its lowest share in at least 21 quarters at 47.1 per cent in Q4FY26, down from 51.8 per cent a year earlier.
While SUVs have steadily gained share across the industry, data shows that nearly three in 10 luxury vehicles sold in India are sedans, highlighting the segment's resilience despite years of SUV-led growth.
Domestic automobile retail sales in India experienced a significant surge of 26 per cent year-on-year in February, driven by improved affordability and market confidence across various segments, according to FADA.
India's crude oil imports from Russia reached a record high of approximately 2.73 million barrels per day (mbpd) in June, driven by discounts of $2-5 a barrel. This surge comes as the West Asia crisis disrupted supplies from traditional sources and China reduced its own purchases, leading Russia to offer more favourable terms to India.
The Excise department in Thane seized 73,440 bottles of Goa-made Indian Made Foreign Liquor (IMFL) worth Rs 1.89 crore from a truck on the Panvel-Mumbra highway. The liquor, lacking batch numbers and MRP, is banned for sale in Maharashtra, leading to the driver's arrest under the Maharashtra Prohibition Act.
A 48-year-old real estate agent has been arrested in Palghar, Maharashtra, for allegedly grabbing and illegally selling another person's land. The accused, Surendra Pratap Singh, faces multiple charges including cheating and criminal intimidation.
Beauty and lifestyle retailer Nykaa has announced a multi-year collaboration with OpenAI to integrate AI-driven shopping experiences through ChatGPT. This partnership will allow users to receive conversational recommendations for beauty and fashion products, with Nykaa fulfilling these queries. Additionally, OpenAI's technologies will be deployed across Nykaa's internal operations to boost productivity.
A tehsildar in Maharashtra's Jalna district, Vijay Chavan, was arrested by the Anti Corruption Bureau for allegedly accepting a bribe of Rs 6.40 lakh from a sand transporter. The bribe was demanded to avoid action against illegal sand excavation and transportation. Chavan had a previous suspension in 2014 for procedural irregularities.
The Vadodara Municipal Corporation has valued a 978-square metre plot of land illegally occupied by Trinamool Congress MP Yusuf Pathan at Rs 2.10 lakh per square metre. Pathan has been occupying the land since 2012 despite the state government rejecting his proposal for allotment, and the Gujarat High Court has also ruled against him, criticising his continued possession.
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World Cup fever in Argentina, home of the defending champions, has boosted sales of counterfeit jerseys and soccer trading cards, sparking protests from retailers who are already under pressure from President Javier Milei's market-opening policies.
The Enforcement Directorate has summoned the two sons of Karnataka Congress MLA N A Haris for questioning in a crypto currency-linked money laundering case. The case involves hacking websites, stealing bitcoins, and selling virtual digital assets, with the Nalapad brothers previously denying wrongdoing and alleging political vendetta.
Sonia Gandhi criticised PM Modi's Israel visit, calling it a "bewildering strategic decision" amid the regional conflict.
Domestic cooking gas (LPG) prices have increased by Rs 29 per cylinder, marking the second hike in three months due to rising global energy costs. This follows broader fuel price increases for petrol, diesel, and CNG, with state-owned retailers still incurring significant losses despite the revisions.
Formerly Iran's second-largest oil customer, Indian financial institutions were forced to withhold crude oil payments following the 2018 US sanctions.
Police in Thane, Maharashtra, have arrested a Nigerian national, Enugu, for possessing 261.5 grams of cocaine worth Rs 78.45 lakh. The arrest was made in Mira Road East, and investigations are ongoing to dismantle the supply network.
Canadians and tourists at Niagara Falls celebrated Canada's historic first-ever win at the FIFA World Cup against Qatar. The euphoric victory, witnessed by hundreds at a special viewing event, sparked widespread joy and a renewed interest in football across the nation.
The National Stock Exchange (NSE) is set to launch India's largest initial public offering (IPO), estimated at Rs 30,000 crore. This mega public issue will surpass previous records held by Hyundai Motor India and Life Insurance Corporation of India (LIC), marking a significant event in the Indian stock market. The move comes as India's primary market shows signs of recovery after a period of slowdown.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries
Fugitive businessman Vijay Mallya responds to criticism of his investment in Royal Challengers Bangalore (RCB) after the franchise was sold for nearly USD 2 billion.
For the foreseeable future, the most likely outcome remains continuation of the status quo. Taiwan will remain self-governing without formally declaring independence, while China continues to apply sustained pressure short of war, predict Krishnan Srinivasan and Manoj Mohanka.
A sessions court in Mumbai has quashed notices issued against two directors of Amazon Seller Services Private Limited for the alleged illegal online sale of abortion pills, citing that Amazon acts as a platform and not the seller.
The smartphone goes on sale from June 19 via Amazon and will be available in Asphalt Black, Nitro Blue and Turbo White finishes.
India's passenger vehicle (PV) industry is projected to experience moderated growth in FY27, following a strong rebound in H2FY26, primarily due to the high base effect, absorbed pent-up demand, and the lingering impact of geopolitical tensions in West Asia.
Rajasthan's Anti-Narcotics Task Force (ANTF) has conducted six operations across the state, seizing narcotics worth Rs 92 lakh and arresting six individuals. The seizures included poppy husk, opium, smack, and cannabis plants, with a significant bust involving a truck with secret compartments in Bhilwara.
Authorities in Udaipur, Rajasthan, seized approximately 18,000 litres of suspected adulterated ghee and yellow food colour during a raid on a dairy farm. The raid was prompted by complaints of food adulteration and product quality. Samples have been sent for testing, and the sale and distribution of the seized ghee have been banned.
A Mumbai court granted anticipatory bail to a 21-year-old law student, Abhay Pratap, accused of selling obscene videos of self-styled godman Ashok Kharat online. The court noted the videos were already publicly available, deeming custodial interrogation unnecessary.
L'Oral has announced its acquisition of a majority stake in Innovist, an Indian direct-to-consumer (D2C) personal care company, marking a significant expansion in India's rapidly growing beauty industry.
A man accused of duping an Indore-based trader of Rs 10 lakh by selling artificial gold was arrested in Jhansi after a police encounter. The accused, Deepchand Kushwaha, was injured during retaliatory firing, and police recovered a portion of the cheated amount.
Bengaluru Police have arrested two individuals for the illegal sale of sandalwood, seizing 44.780 kgs of sandalwood worth Rs 11 lakh. The suspects were caught selling the wood from a car and have been remanded to judicial custody under the Karnataka Forest Act.
India's electric passenger vehicle market saw an 87.4 per cent year-on-year increase in FY26, reaching 233,246 units, primarily driven by the mid-size SUV segment (20-30 lakh price bracket), while the entry-level segment (sub-10 lakh) experienced a decline.
India's electric vehicle market is experiencing an unprecedented boom with a 37 per cent increase in new entrants, driven by supportive policies and infrastructure.
A Goa forest department official has filed a police complaint against state minister Subhash Phal Desai, alleging he obstructed officials and facilitated the illegal transportation of soil from a protected forest area. The complaint details the excavation and uprooting of trees, while the minister claims the soil was for a sports ground.
Titan Company's ambitious roadmap to achieve a 20 per cent revenue compound annual growth rate (CAGR) by financial year 2030 (FY30) has garnered a positive outlook from analysts, who highlight the company's strong brand, sourcing capabilities, and diversified portfolio as key strengths.
Tata Consultancy Services (TCS) has announced a global partnership with AI major Anthropic to help enterprises accelerate their adoption of artificial intelligence, including equipping 50,000 TCS employees with Anthropic's Claude AI models.
A Melbourne-based Indian-origin teacher, Sunil Sharma, who went missing in Amritsar, was allegedly murdered by his brother, Satish Sharma, over a property dispute. Police investigations revealed Satish conspired with property dealers to usurp Sunil's properties, leading to his murder with a baseball bat after being drugged. Sunil's body was then disposed of in a canal, and his family, including his daughter, had appealed for help in finding him. Satish, his wife, and son have been arrested, and a search for the body and other conspirators is ongoing.
The Supreme Court has granted four weeks of protection from arrest to Bihar-based contractor Rishu Shree, who is accused of acting as a middleman in government tender manipulation. Shree is alleged to have charged commissions to facilitate contracts, with the Enforcement Directorate investigating a "larger conspiracy" involving multiple Bihar departments.
Oil-marketing companies (OMCs) are set to significantly expand the sale of flex fuel (E85) across India, with plans to reach 5,000 outlets in major cities by the end of next year, according to Petroleum Minister Hardeep Singh Puri. This move aims to boost ethanol demand, reduce crude oil imports, and cut carbon emissions, coinciding with the launch of India's first flex-fuel vehicles by Maruti Suzuki and Hero MotoCorp.
The Cockroach Janta Party and other organisations staged a protest in Hyderabad on Sunday, demanding the resignation of Union Education Minister Dharmendra Pradhan over the NEET paper leak and irregularities related to the CBSE's on-screen marking system.
