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‘Trust-based, brotherly relations’: Putin on nearly 80 years of India-Russia ties

Russian President Vladimir Putin spoke of both nations navigating energy supply vulnerabilities caused by the US-Israeli war near the Strait of Hormuz.

War jolts supply chain, Airbus delays IndiGo’s jets

Cattle supply crunch pushes Kerala’s meat trade into crisis

A sharp rise in blocking and seizure of cattle trucks in neighbouring States, especially Andhra Pradesh, has severely affected the supply of cattle for slaughter, pushing Kerala’s private meat industry into a difficult situation

Anthropic ‘plants’ engineers at NSA despite facing ban by Pentagon

Anthropic has reportedly placed engineers within the NSA to help deploy its advanced 'Mythos' AI for cyber operations, despite an ongoing legal dispute with the Department of War. This 'undercover' collaboration aims to customize AI for national security, with the technology designed for infiltrating foreign networks. The move is controversial given the Pentagon's prior 'supply-chain risk' label on Anthropic.

Rupee rises 50 paise to 95.24 against US dollar post RBI policy decision

The rupee appreciated 50 paise to 95.24 against the US dollar on Friday after the RBI liberalised norms for FPI investment in government securities. Forex traders said the announcements in the RBI policy boosted investor sentiments after the apex bank asserted that the country's forex reserves provide sufficient buffer against external shocks. At the interbank foreign exchange market, the rupee opened at 95.72, then touched 95.24 in intraday trade, registering a rise of 50 paise from its previous close. On Thursday, the rupee rose 2 paise to settle at 95.74 against the US dollar. The Reserve Bank on Friday expectedly kept interest rates unchanged for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis. Announcing the second bi-monthly monetary policy for the current fiscal, RBI Governor Sanjay Malhotra said the Monetary Policy Committee (MPC) has unanimously decided to retain short-term lending rate or repo rate at 5.25 per cent with a neutral stance. Moreover, the RBI raised limit for investments by Non-Resident Indians, Overseas Citizens of India in equity instruments. Malhotra also said that the central bank's policy on exchange rate remains unchanged and it does not target any specific rate/band for the rupee. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.40, higher by 0.01 per cent. Brent crude, the global oil benchmark, was trading up 0.36 per cent at USD 95.37 per barrel in futures trade. On the domestic equity market front, Sensex fell 142.06 points or 0.19 per cent to 74,217.95, while the Nifty was down 38.75 points or 0.17 per cent at 23,377.80. Foreign institutional investors offloaded equities worth Rs 4,447.06 crore on a net basis on Thursday, according to exchange data. Meanwhile, RBI has lowered GDP growth projection to 6.6 per cent from 6.9 per cent earlier for the current fiscal and raised CPI inflation projection to 5.1 per cent for FY27, higher from earlier estimate of 4.6 per cent. PTI

Supply Chain Disruptions Remain A Key Concern: RBI Governor Amid West Asia Turmoil

Commenting on the domestic economy, the RBI Governor said India is better placed to deal with the current phase of global uncertainty.

Chemotherapy drug supply crisis hits cancer care

Cancer patients in India are facing a critical shortage of life-saving chemotherapy drugs, Cisplatin and Carboplatin, disrupting treatment schedules. Hospitals report dwindling stocks, forcing patients to scramble for supplies. Doctors warn that prolonged unavailability of these essential medicines, with limited alternatives, could negatively impact patient outcomes and survival rates.

Government mulls cement roads amid bitumen price spike

Highways Minister Nitin Gadkari is exploring cement concrete roads over bituminous ones due to a surge in bitumen prices and supply disruptions from the West Asia conflict. He also highlighted the potential of domestically produced bio-bitumen from rice straw and other biowaste to reduce imports and save foreign exchange.

India, UK launch initiatives for minerals, maritime cooperation

India and the UK have launched a Critical Minerals Global Supply Chain Observatory and signed an MoU for a Regional Maritime Security Centre of Excellence during UK Foreign Secretary Yvette Cooper's visit. The two nations also reviewed progress in trade, technology, and defense, aiming to strengthen their future-oriented partnership.

Venezuela, a big energy source, comes calling

India is bolstering its energy security by deepening ties with Venezuela, a top crude oil supplier. Discussions between PM Modi and Venezuela's acting President focused on long-term energy contracts and cooperation in critical minerals, tech, and agriculture. This move diversifies India's oil sources amidst global supply chain challenges.

RSS chief says ‘India’s time has come’, calls for stronger societal preparedness

Noting that powerful nations act arbitrarily, invading, bombing, disrupting the world’s oil supply, RSS chief says India should be seen as a country that will instead move forward by taking everyone along

Amazon, Microsoft, Meta and OpenAI, 'your datacenter problems just got bigger '

Nine major industry trade groups have warned the Trump administration that the rapid expansion of AI data centers is severely straining global memory chip supplies. This surge in demand is driving up prices and reducing availability for critical sectors like automotive, healthcare, and consumer electronics, posing risks to US supply chains and the broader economy.

Plenty of homes, no shortage: Why UP RERA is cautioning property buyers

Uttar Pradesh's real estate regulator has countered claims of a supply shortage, revealing over 1.15 lakh residential and commercial units are available for sale across the state. UP RERA cautioned buyers against rushed decisions, emphasizing ample options and advising thorough due diligence before investing.

LPG supply stable, but oil firms still losing nearly Rs 700 on every cylinder sold

Oil Marketing Companies are still facing significant under-recoveries of nearly Rs 700 per domestic LPG cylinder. Despite government efforts to boost domestic production and secure imports, this financial strain persists. Meanwhile, LPG demand has moderated due to reduced commercial use and improved delivery systems, ensuring stable supplies.

Seven hospitalised, over 50 ill after consuming contaminated water in Ahmedabad’s Ghatlodia; Amit Shah reviews situation

According to officials, a leaking pipeline led to mixing of sewage with the Narmada water supply to the area.

PM Modi holds talks with Venezuela’s acting President

The two sides are looking at expanding energy cooperation, as New Delhi seeks to diversify its crude oil procurement amid supply disruptions from the West Asia crisis.

Nilesh Shah recommends 4 investment bets that should be part of your portfolio

As geopolitical headwinds make it tougher for equity investors to make money, Dalal Street’s top voice Nilesh Shah, managing director of Kotak Mahindra Asset Management, told a gathering of HNI investors at the ET Alpha Wealth Summit on Thursday that there are four specific investment structures which deserve a place in most portfolios right now.Shah’s first recommendation was the Special Investment Fund, or SIF, a structure that marks a meaningful shift in what is available to Indian investors. Shah noted that the mutual fund industry has, until now, been a long-only business but the SIF changes that. These are long-short, absolute return-oriented funds, designed to generate returns regardless of market direction rather than simply riding the equity tide.The second vehicle Shah flagged is performing credit AIFs. His reasoning was grounded in a simple supply-demand observation that for corporate settlements today, capital is not available from banks, mutual funds, or insurance companies.As institutional lenders have stepped back, borrowers are plenty and lenders very few. Amid this imbalance, Shah said the need is real and returns are attractive. Performing credit AIFs, which lend into this gap, are positioned to benefit directly from the scarcity of competing capital.https://youtube.com/shorts/Xa4AcXFg8hA?feature=shareThe third idea was REITs, and here Shah introduced a timing element. Over the last three years, REITs have delivered index-level returns of around 13.5%. But with interest rates rising, he suggested that the next six to nine months may present an opportunity to enter at better prices. Rising rates typically compress REIT valuations in the near term, and Shah framed any such correction as a potential entry point rather than a risk to avoid. Beyond the return potential, he positioned REITs as a portfolio diversification tool as the asset class behaves differently from equities and fixed income, and that is still underrepresented in most Indian investor portfolios.The fourth recommendation addressed global diversification but came with an important caveat. Mutual fund industry limits for overseas investment are currently full, which means the conventional route for Indian investors to access global markets through domestic mutual funds is closed. Shah pointed to Gift City as the workaround. Structures domiciled there allow investment under the Liberalised Remittance Scheme, and in his view, these Gift City-based LRS products are the practical path for investors who want global exposure while the mutual fund window remains shut.Across all four — the SIF, performing credit AIFs, REITs, and Gift City products — Shah's underlying argument was the same: in a volatile period, the portfolio needs instruments that can generate positive returns through means other than a rising equity market.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

Europe raises 'Kill Switch' fears, makes all 27 countries to junk US, Chinese tech

Europe is forging ahead with ambitious plans to break free from reliance on US and Chinese technology, particularly in critical sectors like AI and microchips. New regulations aim to bolster "tech sovereignty" by ensuring sensitive data remains within the EU and boosting domestic semiconductor production, safeguarding against foreign digital threats and supply chain disruptions.

Kerala govt’s White Paper on fiscal health seeks revamp of loss-making public sector enterprises

Document calls for reform of KSEB, KSRTC and KWA, recommends merger of Kerala State Beverages Corporation and Kerala State Civil Supplies Corporation (Supplyco)

CEO of tech company arrested for supplying US-origin computer parts to Iran

Jamshid Ghomi, a dual US-Iranian national, has been arrested for allegedly violating US sanctions by shipping sophisticated US-origin technology to Iran. He is accused of supplying networking, security, and encryption equipment to Iran's nuclear and military establishments, earning millions and laundering proceeds into his US accounts.