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The Latest Breaking News from The Economic Times

Emirates rides out Iran war fuel turmoil

Emirates airline achieved a record $5.4 billion net profit, bolstered by strong cash reserves and effective fuel hedging. Despite disruptions from the Iran war and rising jet fuel prices, the carrier is proceeding with aircraft deliveries and a retrofit program, aiming to restore pre-disruption capacity.

The Economic Times

NZ to require citizenship test from 2027

New Zealand will soon require migrants to pass a citizenship test. Starting in the latter half of 2027, applicants must answer 15 out of 20 multiple-choice questions correctly. The test will cover topics like the Bill of Rights Act, human rights, and democratic principles. This change aims to ensure new…

The Economic Times

AlcoBev seeks costlier booze as costs spike

Alcoholic beverage makers are urging state governments for price increases. Rising costs for cans and bottles are impacting production. Supply chain disruptions, particularly from the West Asia crisis, have led to significant price surges for glass, paper, and other materials. Manufacturers face potential shutdowns.

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Tata, JSW to plow $1B in EV, battery tech

Indian giants Tata Group and JSW Group are investing close to $1 billion. They are building local capabilities in electric vehicle and battery technologies. This move aims to reduce dependence on Chinese tech. Tata's Agratas is spending over $400 million on battery research. JSW Motors plans to invest at least…

The Economic Times

'Brahmos on May 10 was a game changer,'

Operation Sindoor's first anniversary is a proud milestone for India's air power. The operation showcased surgical precision strikes and the successful deployment of the BrahMos missile. It served as a real-world evaluation of military hardware. A key takeaway is India's growing defense self-reliance, with private industries now involved in advanced…

The Economic Times

Chugh files defamation notice to Punjab CM

BJP national general secretary Tarun Chugh has sent a legal notice to Punjab Chief Minister Bhagwant Mann. Mann had blamed the BJP for recent blasts in Jalandhar and Amritsar. Chugh demands proof or resignation. He states Mann undermined his office by making baseless accusations. The notice seeks withdrawal of statements…

The Economic Times

What's at stake at the Trump-Xi summit

President Donald Trump will meet President Xi Jinping in Beijing next week. The leaders aim to ease tensions over trade, Taiwan, and the Iran war. Discussions will cover trade deals, technology, and rare earths. The Iran conflict and Taiwan's status are also key agenda items. Minor trade agreements are anticipated.

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RBI likely to hold rates in June: HSBC

The Reserve Bank of India faces a tough choice in June. Economists predict no interest rate changes as the economy deals with rising energy costs and unpredictable weather. The RBI must balance fighting inflation with keeping economic growth strong. Any rate hikes are likely delayed until global supply chains stabilize…

The Economic Times

AirAsia places largest single order for A220s

AirAsia is set to acquire 150 Airbus A220-300 aircraft. This significant deal, valued at approximately 19 billion dollars, marks a major step in fleet modernization. The new jets offer enhanced fuel efficiency and lower carbon emissions. This strategic move aims to combat rising fuel prices and operational costs.

The Economic Times

AirAsia's Tony to give the world new airline

Tony Fernandes, co-founder of AirAsia X, is set to launch a new airline. This aggressive expansion comes despite rising oil prices. The new carrier is expected to be announced soon. Fernandes sees opportunities within the current market challenges. AirAsia is reallocating aircraft for this new venture. This move follows a…

The Economic Times

Vijay to take CM oath after majority proof

Tamil Nadu news: Vijay of Tamilaga Vettri Kazhagam is set to become the next Tamil Nadu Chief Minister. He needs to prove his majority in the assembly. Governor Rajendra Vishwanath Arlekar wants a stable government. TVK supporters are demanding an immediate swearing-in. Vijay has claimed to form the government with…

The Economic Times

Noel Tata’s IPO pushback said to trigger internal differences at Tata Group

A rift is emerging within the Tata conglomerate. Noel Tata opposes listing the parent firm, Tata Sons, despite upcoming Reserve Bank of India regulations. Two trustees will propose a public listing at an upcoming board meeting. This move aims to bring transparency and rigor. The Shapoorji Pallonji Group, a minority…

The Economic Times

AI boom keeping markets elevated despite geopolitical noise: Mark Matthews

Financial markets are increasingly prioritizing artificial intelligence-driven growth and corporate earnings over geopolitical tensions, according to Mark Matthews. He highlights extraordinary earnings, particularly in tech, fueling market highs despite Middle East uncertainty. Matthews also sees India as attractive due to improving valuations and continued FII buying.

The Economic Times

DMK-AIADMK tie-up? What analysts are saying

Reports of DMK and AIADMK joining forces are being seen as speculation. According to analysts, there have been no discussions between the parties. Ideological differences and leadership issues make such a tie-up unlikely, they say.

The Economic Times

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The Economic Times

Nitish Kumar's son in Bihar power game

Bihar's political arena witnessed a fresh infusion of leadership as ministers from the BJP, JD(U), and various NDA partners took their oaths. The BJP emerged as the frontrunner, securing the most ministerial roles, with Nishant Kumar, son of Nitish Kumar, taking his inaugural step into ministerial duties.

The Economic Times

Neeraj Dewan bets on defence, realty and NBFCs for long-term growth

Indian stocks saw a strong recovery driven by hopes of a US-Iran peace deal. This eased concerns about crude oil prices, benefiting sectors hit by inflation. Market expert Neeraj Dewan noted the day's volatility but sees potential for further gains. Domestic earnings are also showing strength, with mid and small-cap…

The Economic Times

US weighs major student visa change

America's Donald Trump administration is reviewing a new rule. This rule could limit international students' stay to four years. Currently, students can stay as long as they study. The proposed change affects F-1 visa holders. It also impacts J-1 exchange visitors and foreign media. This comes as foreign student numbers…

The Economic Times

Paytm rules out NBFC licence plans

Paytm, the fintech major, has decided against seeking a Non-Banking Financial Company license. The company prefers a partnership model for lending operations. This comes after Paytm Payments Bank's license was cancelled by the RBI. Paytm reported a consolidated profit of Rs 183 crore in its fourth quarter, a significant turnaround…

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The Economic Times

Emami to buy 60% stake in SkinKraft parent co

Kolkata's Emami is set to acquire a significant 60% stake in IncNut Digital. This company is the driving force behind popular beauty brands Vedix and SkinKraft. The initial deal is valued at Rs 321 crore. Emami also plans to acquire the remaining stake in IncNut over the next four and…

The Economic Times

Assam new govt swearing-in on May 12

Assam's new BJP-led NDA government will take oath on May 12. Prime Minister Narendra Modi will attend the ceremony. Preparations are underway for security and traffic management. The NDA secured a significant victory in the recent elections.

The Economic Times

Seth R Freeman on why global markets continue to climb amid West Asia conflict

Global markets are ignoring geopolitical tensions, focusing instead on robust corporate earnings and the excitement around artificial intelligence. Investor sentiment is positive on Wall Street and in parts of Asia. Strong financial sector performance and gains in technology companies are driving this optimism. This trend suggests a market prioritizing growth…

The Economic Times

Indian firms don’t want to invest in India

Indian companies are not investing as much as the government expects them to. Despite tax cuts and infrastructure spending, businesses have been hesitant. Officials blame this on a lack of appetite for expansion, but the real reasons possible include high political risk and unpredictable policies.

The Economic Times

HFCL shares surge 37% in 5 sessions, nearly double in a month

HFCL shares extended their sharp rally for a fifth straight session after strong Q4FY26 earnings and fresh telecom orders boosted investor sentiment. The stock has nearly doubled in a month amid improving profitability, strong revenue growth and momentum buying, though technical indicators suggest the counter may be entering overbought territory.

The Economic Times

Bajaj Auto shares rise 3% after firm posts record Q4 profit. Here’s what Jefferies, Nomura and other brokerages are saying

Bajaj Auto shares rose over 3% after the company posted its highest-ever quarterly profit of Rs 2,746 crore for Q4FY26, up 34% year-on-year, prompting bullish brokerage commentary. Revenue from operations climbed 32% to Rs 16,006 crore, while EBITDA rose 36% with margins expanding to 20.8%. The stock traded at Rs…

The Economic Times

Godrej Consumer shares tumble 6% despite Q4 show. Should you buy, sell, or hold the stock?

Godrej Consumer Products shares dropped nearly 6% on Thursday despite reporting a 9.7% YoY rise in Q4 net profit and double-digit revenue growth. Brokerages remained positive on the stock, citing strong domestic volume growth, improving Indonesia business trends, and margin guidance for FY27, while warning of near-term input cost pressures…

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