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A rocket lifting off over water, trailing a bright exhaust plume into a clear blue sky, with a large plume cloud still billowing at the launch site below

Business

India's Space Economy Bet Assumes Cheaper Rockets It Doesn't Have

India's rockets cost about four times as much per kilogram to orbit as America's, a Cambridge study finds. The government's $40-45 billion space economy target assumes that gap closes on its own.

August 23, 2026

A shopper's hand holding Pepsi cans while selecting bottled beverages from a grocery store shelf

Business

FSSAI's Maximum Fine Would Not Cover One Day of Nestle's Ad Spending

FSSAI has sent more than 150 notices to Nestle, PepsiCo and Coca-Cola's India arms over misleading ads. The law caps the fine at Rs 10 lakh, a fraction of what Nestle alone spends on advertising in a single day.

August 23, 2026

A judicial gavel resting on a wooden courtroom desk, with a flag visible blurred in the background

Geopolitics

The Question That Took India's Top Court Twenty One Years Still Lacks a Majority

A nine-judge Supreme Court bench was convened to settle who counts as an industry under Indian labour law. Its reformulated answer commands the votes of only four of the nine judges who heard it.

August 23, 2026

Trainees and an instructor examining an air-conditioning unit during a hands-on vocational repair session in Delhi

Business

8.7 Crore Young Indians Count As Neither Employed Nor Unemployed

NITI Aayog's own report counts 8.7 crore Indians aged 15 to 29 as idle: neither working, studying nor training. Most never show up in the unemployment rate at all.

August 23, 2026

Mumbai's skyline at dusk, with an under-construction residential tower and crane in the foreground among other high-rises

Business

India's Housing Bookings Fell 21 Percent While Prices Kept Rising

Listed developers' bookings fell 21% and DLF, India's biggest by market value, barely sold anything. Home prices across India's top cities kept climbing anyway. Cheap credit is why sellers didn't have to blink.

August 23, 2026

A close-up pile of Indian 500-rupee banknotes bearing the Reserve Bank of India and Mahatma Gandhi portrait

Markets

India's Record Forex Reserves Hide a Record Short Dollar Position

Headline reserves are back near their February record. Off that ledger, the RBI's forward dollar book is short a record $106.7 billion, over half of it not due for more than a year.

August 22, 2026

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