India

On 6 October 2026, Delhi police detained opposition leader Rahul Gandhi, his sister Priyanka Gandhi Vadra, and other MPs during a protest demanding the resignation of Chief Election Commissioner Gyanesh Kumar. The protests, which began with a youth-led movement on 2 October, center on allegations that the Special Intensive Revision (SIR) of voter rolls has removed over 130 million names, potentially disenfranchising eligible voters. The Election Commission and BJP deny manipulation. The Supreme Court has sought responses but declined to suspend Kumar.

5 reports · 3 sources · Updated Oct 7, 07:45 AM UTC

On September 30, 2026, a Flydubai flight from Dubai to Tel Aviv (FZ1073) was diverted to Tabuk, Saudi Arabia, after the co-pilot, an Omani national, attacked the captain with an axe or knife, seriously injuring him. The captain opened the cockpit door, allowing passengers to subdue the attacker. The plane dropped sharply before off-duty pilots landed it safely. Israeli and UAE authorities treat it as a suspected terrorist attack. The co-pilot had reportedly been fired from Oman Air over extremist views.

57 reports · 7 sources · Updated Oct 5, 10:24 PM UTC

Traders report the Reserve Bank of India (RBI) is likely selling US dollars in the foreign exchange market to support the Indian rupee, which traded at 95.93 against the dollar. Four traders said the RBI intervened on Monday to help the rupee hold above the key 96 level, a pattern observed over the past two weeks. A senior trader noted near-daily intervention suggesting a firm floor for the rupee. The RBI has not officially confirmed the action.

7 reports · 4 sources · Updated Sep 30, 05:33 AM UTC

Six U.S. Air Force F-35A fighters and over 200 Airmen deployed to Jodhpur Air Force Station, India, on September 26 for their first participation in a large-scale exercise on Indian soil. Exercise Tarang Shakti, India's largest multinational aerial training event, runs from September 26 to October 12, with eight countries contributing aircraft. The deployment marks a milestone in U.S.-India defense cooperation.

5 reports · 2 sources · Updated Sep 28, 08:54 PM UTC

Indian benchmark stock indices experienced a sustained decline in late September 2024, with the NIFTY 50 falling over 1.5% intraday and the SENSEX dropping 1% to 73,162.33 points on September 28. The NIFTY 50 recorded its largest single-day drop since August 4, falling 1.3% on September 24. Multiple reports from financial data providers document ongoing selling pressure, though no specific causes for the selloff were attributed.

8 reports · 2 sources · Updated Sep 28, 09:04 AM UTC

A new US law, the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, signed by President Trump on September 18, authorizes tariffs of up to 100% on goods from major Russian oil buyers, including India. India, the world's third-largest crude importer, has sourced over half its imports from Russia. Indian refiners are now seeking alternative supplies for November, and New Delhi may limit Russian imports to 20-30% of total imports. The law is seen as leverage in ongoing US-India trade negotiations.

9 reports · 6 sources · Updated Sep 28, 05:26 AM UTC

India's 10-year benchmark government bond yield rose to 7.17% on September 28, up 5 basis points, after reaching an intraday high of 7.1653%. Earlier on September 25, the yield had climbed to 7.1347%, its highest since May 20. The increases reflect rising long-term borrowing costs for the Indian government, though no specific reasons such as monetary policy or inflation data were cited.

5 reports · 2 sources · Updated Sep 28, 05:00 AM UTC

India's National Stock Exchange (NSE) listed on the Bombay Stock Exchange on September 24, ending a decade-long process. The stock closed at 1,818 rupees, up 1.85%, valuing the exchange at 4.5 trillion rupees ($46.9 billion). The IPO raised 225.6 billion rupees ($2.3 billion), making it India's second-largest ever. The offering was oversubscribed 5.71 times. NSE dominates India's cash equity market with over 93% share and is the world's largest derivatives exchange.

5 reports · 5 sources · Updated Sep 24, 11:21 AM UTC

Amazon plans to invest $3 billion in its quick-commerce business in India by 2030, according to unnamed sources. The plan includes $1 billion by end of 2027 and $2 billion more by 2030. The company also intends to open about 1,300 quick-commerce stores by April, up from around 750. Amazon says its quick-commerce unit has achieved over $1 billion annualized GMV in the past three months.

5 reports · 4 sources · Updated Sep 24, 09:00 AM UTC

HSBC is planning to re-enter India's stock brokerage business after more than a decade, according to unnamed sources. The move aims to capitalize on India's strong IPO momentum and growing demand from wealthy clients for equity products. This reverses HSBC's 2013 exit from domestic retail brokerage and depository services in India. Sources say HSBC has begun rebuilding its stock platform and hiring executives for cash equities and institutional brokerage, with retail services possibly launching in the coming months. No official confirmation from HSBC has been provided.

10 reports · 6 sources · Updated Sep 24, 08:19 AM UTC

India, the world's largest edible oil importer, cut import duties on crude palm and soybean oil from 10% to 5%, eliminated the duty on crude sunflower oil, and reduced taxes on refined oils. The policy, announced on September 24, aims to boost supply and stabilize prices ahead of the Diwali festival season. Global vegetable oil markets have tightened due to the Black Sea conflict and rising biofuel demand, pushing prices to four-year highs.

8 reports · 4 sources · Updated Sep 24, 08:17 AM UTC

Traders report that the Reserve Bank of India (RBI) may be selling U.S. dollars in the foreign exchange market to limit the depreciation of the Indian rupee. The speculation, attributed to unnamed traders by multiple financial news outlets, suggests the central bank is intervening to support the domestic currency amid ongoing pressure. No official confirmation, scale, or timing has been provided.

11 reports · 3 sources · Updated Sep 24, 03:42 AM UTC

India's flash Purchasing Managers' Index (PMI) for September showed stronger-than-expected economic activity. The manufacturing PMI hit 55.7, beating the 53 forecast and rising from August's 52.8. The services PMI reached 55.8, above the 54.4 forecast and up from 54.1. The composite PMI climbed to 56.5 from 54.3, indicating accelerated private sector growth.

6 reports · 3 sources · Updated Sep 23, 06:08 AM UTC

South Korea's National Pension Service (NPS), the world's third-largest pension fund with over $1.3 trillion in assets, is seeking permission to invest in Indian government bonds through a new, less stringent channel established by India's Securities and Exchange Board (SEBI). This channel simplifies compliance for pension funds, requiring filings every 10 years instead of three. NPS plans to establish its first dedicated sovereign bond investment vehicle in India, aiming to increase its allocation to Indian government securities.

5 reports · 4 sources · Updated Sep 22, 06:25 AM UTC

President Donald Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 into law on September 18, authorizing tariffs of up to 100% on the top five importers of Russian energy, primarily China and India. The legislation also imposes sanctions on Russian officials, banks, and its shadow fleet, and extends Iran sanctions through 2031. Kremlin spokesman Dmitry Peskov called the law an unfriendly act that complicates Ukraine peace efforts.

39 reports · 12 sources · Updated Sep 21, 02:20 PM UTC

Starbucks has signed an agreement with the Tamil Nadu state government to establish a global capability center in Chennai, India, with plans to hire approximately 800 technology workers. The investment size was not disclosed. Starbucks technology chief Anand Varadarajan cited Chennai's talent pool and infrastructure as key factors. The center will expand Starbucks' presence beyond its existing 500 cafes in India operated through a joint venture with Tata Consumer Products.

5 reports · 3 sources · Updated Sep 21, 01:39 PM UTC

India has warned that a US bill allowing President Trump to impose tariffs of up to 100% on major buyers of Russian oil could damage bilateral relations and disrupt global energy markets. The US Congress gave final approval to the comprehensive sanctions bill, sending it to Trump for signature. India, the largest buyer of Russian seaborne crude, stated its resolve to protect its trade interests and ensure energy security for its 1.4 billion people. China also reiterated opposition to long-arm jurisdiction.

9 reports · 4 sources · Updated Sep 21, 08:47 AM UTC

India’s Ministry of Commerce reported merchandise exports of $43.81 billion and imports of $70.67 billion for August, resulting in a trade deficit. Key import components included oil and crude at $16.69 billion and gold at $2.3 billion. The data provides a snapshot of India’s trade performance for the month, without year-over-year comparisons or sector breakdowns.

5 reports · 2 sources · Updated Sep 15, 02:31 PM UTC

India's Central Consumer Protection Authority (CCPA) escalated its investigation into Apple's software warranty terms on July 29, 2026, after complaints that iOS 18 updates caused iPhone screen and microphone malfunctions, forcing users to pay exorbitant repair costs. Apple argues its no-warranty software clause is global industry practice and notes only 75 complaints were filed, with just 11% of iPhones still using iOS 18 by June 2026. If found guilty, Apple could face fines or forced policy changes.

5 reports · 3 sources · Updated Sep 15, 09:10 AM UTC

Chinese President Xi Jinping visited New Delhi for the 18th BRICS summit, his first trip to India since 2019, and held a bilateral meeting with Indian Prime Minister Narendra Modi. The leaders agreed to view relations strategically and promote cultural and commercial exchanges, though deep divisions persist over border disputes and a trade imbalance. The summit also addressed de-dollarization, AI cooperation, and critical minerals.

14 reports · 7 sources · Updated Sep 14, 01:56 AM UTC

The 18th BRICS summit in New Delhi, hosted by India, brought together leaders including Modi, Xi Jinping, Putin, and Iran’s Pezeshkian. The bloc adopted a joint declaration urging “maximum restraint” in the Middle East and condemning unilateral sanctions, but sidestepped blame for the Iran war and omitted mention of Russia’s war in Ukraine. Internal divisions over geopolitical conflicts and US tensions tested unity, while rising oil prices gave BRICS leverage by having Iran at the table.

16 reports · 5 sources · Updated Sep 13, 02:44 PM UTC