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The Latest Breaking News from The Economic Times

Senior citizen wins full refund and Rs 20 lakh compensation from Air India for defective business class seat that caused pain, vertigo

Senior citizen paid Rs 1.23 lakh extra to upgrade to Air India business class due to his cervical spondylosis condition but seats turned to be faulty causing him neck, shoulder, lumbar pain and vertigo; NCDRC upheld Rs 20lakh compensation, refund order Read below to know how the senior citizen won…

The Economic Times

Trump cuts off US' trade ties with a key NATO partner

US President Trump announced a halt to all trade with Spain. He cited Spain as a poor partner within the NATO alliance. The U.S. leader expressed frustration with Spain's defense spending and base access. Treasury Secretary Scott Bessent received immediate orders to enact the trade restrictions. This action follows past…

The Economic Times

Cultural sensitivity, communication key to strengthening India's medical tourism appeal: IIM experts

Experts highlight cultural sensitivity and communication's importance for international medical tourists. Effective expectation management and communication enhance patient experiences in Indian hospitals. India is a leading medical tourism destination due to advanced healthcare and affordable costs. Hospitals should invest in intercultural communication training for professionals. Bridging cultural gaps improves patient…

The Economic Times

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Chinese men in Germany used Telegram groups to share rape videos and drugging tips: Prosecutors

Prosecutors are investigating a Telegram network used by Chinese men for sexual assaults. These perpetrators referred to women as "cars" and rape as "driving" in their chats. Investigations have led to convictions and ongoing trials for several alleged members of this group. Similar cases of drug-facilitated sexual assaults are emerging…

The Economic Times

Prolonged US-Iran tensions may push India's crude basket above $75/bbl, raise inflation risks: Experts

Market experts warn a prolonged US-Iran standoff could increase India's crude oil import costs. Diversified sourcing is expected to cushion supply disruptions, reducing vulnerability to shocks. However, prolonged conflict may push India's crude basket beyond $75 per barrel. Higher crude prices could create near-term macroeconomic pressures and inflation risks.

The Economic Times

Dream Sports CTO Amit Sharma steps down after a decade to launch AI venture

Dream Sports CTO Amit Sharma is stepping down after nearly a decade to build an AI venture. A former Netflix and Yahoo executive, Sharma joined the company in 2016 and helped scale Dream11's technology and engineering teams as the sports-tech platform expanded. The move also comes just days after Dream…

The Economic Times

Income tax slabs for Tax Year 2026-2027, FY 2025-26 (AY 2026-27) under the new tax regime

The new Income Tax Act, 2025, takes effect from April 1, 2026, maintaining current tax slab rates. Highest tax rate remains 30% for incomes exceeding Rs 24 lakh under this regime. Marginal relief prevents excessive tax burdens when income slightly crosses Rs 12 lakh. The new tax regime is now…

The Economic Times

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Truce over? Trump reveals why he ended the ceasefire with Iran

US President Trump declared the Iran truce effectively over after attacks on shipping. The United States launched retaliatory strikes on Iranian military targets. These actions followed Iran's attacks on commercial ships in the Strait of Hormuz. Fresh uncertainty now surrounds planned negotiations between Washington and Tehran. Global energy markets reacted…

The Economic Times

FSSAI notices to Lotte India, Ferns N Petals, Kubera Foods for misleading claims

Food regulator FSSAI has issued notices to three companies for labelling violations. Lotte India faced action for non-compliant labels and misleading vegetarian claims. Kubera Foods received a notice for false claims on its cream bun product. Ferns N Petals was also cited for misleading claims on its chocolate. These actions…

The Economic Times

Andhra IT Minister Lokesh invites South Korean BNK Venture Capital to mentor SMEs, startups

Andhra Pradesh's IT Minister Nara Lokesh has opened doors to South Korean BNK Venture Capital, seeking mentorship for local SMEs. His call for investment and fund management guidance aims to bolster state startups. Additionally, Lokesh has prompted the BNK Financial Group to delve into potential infrastructure funding opportunities, leveraging the…

The Economic Times

Ayodhya Ram temple donation theft case: Three accused remanded in police custody

Three accused in the Ayodhya Ram temple donation theft case were taken into police custody. A local court granted a 24-hour remand for further interrogation and questioning. Investigators are examining fresh evidence and potential procedural security lapses. Police expect to recover cash and other articles linked to the alleged racket.…

The Economic Times

Beer industry sees near double-digit growth but margins under pressure: UBL MD & CEO

The Indian beer sector is witnessing impressive growth, propelled by reformative state initiatives and seasonal weather advantages. However, the rising costs of inputs, notably glass and imports exacerbated by international disputes, are strategically challenging profitability. Yet, firms are optimistic about regaining profit stability as beer consumption among younger demographics, who…

The Economic Times

NEET row, coaching stress to feature in Supreme Court panel final report on student suicides

A Supreme Court task force will highlight competitive exams as key student stress factors. Frequent curriculum changes and structural inequalities also contribute to student distress. The panel's final report is expected in October, moving beyond mental health alone. It examines pressures originating from school education and coaching culture. The task…

The Economic Times

Google to plant its AI flag in India: What it means for the country

In a major shift for India's AI ecosystem, Google Cloud is bringing its latest Gemini AI models to infrastructure located within the country, allowing enterprises to keep both their data and AI processing in India. The move is driven by growing demand for digital sovereignty and marks India's emergence as…

The Economic Times

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The Economic Times

Erling Haaland girlfriend net worth: How did Isabel Haugseng Johansen build a $300K fortune as the couple's wealth reaches $100.3 million? Inside her career, endorsements, luxury homes and more

Erling Haaland's girlfriend Isabel Haugseng Johansen has an estimated net worth of $300,000. Their combined household wealth is projected to reach approximately $100.3 million in 2026. Haaland's fortune stems from his lucrative Manchester City contract and endorsements. Johansen's earnings come from her past football career and business ventures. The couple…

The Economic Times

Sensex sinks 1,680 points; Nifty closes below 23,900. 5 key factors behind today’s market mayhem

Sensex Nifty Crash: Indian stock markets experienced a significant downturn on Wednesday afternoon. Rising crude oil prices and geopolitical tensions battered investor sentiment across exchanges. US President Donald Trump's remarks on Iran further fueled fears of escalation in the Middle East. This led to a sharp decline in the Sensex…

The Economic Times

Prambanan Temple: The 1,200-year-old Hindu shrine that survived volcanic eruptions, earthquakes, and shifting kingdoms. Here are some fascinating facts

Prime Minister Modi and President Subianto inaugurated the Prambanan Temple restoration project. This significant site showcases centuries-old cultural connections between India and Indonesia. The 9th-century Hindu temple complex is a UNESCO World Heritage Site. Its intricate reliefs narrate the Ramayana epic and local legends. Conservation efforts continue to preserve this…

The Economic Times

I have become a foreign citizen. Can my mother make me a joint owner in her property in India?

ET Wealth Reader's Query: I am a foreign citizen and an only son. My mother wants to make me the joint owner in a property that belongs to her. Is this permitted in India considering that I now have a foreign citizenship?

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The Economic Times

Global Market: Euro zone bond yields hit near one-month high as oil surge fuels ECB rate hike bets

Euro zone government bond yields reached their highest levels in nearly a month. This rise followed a sharp jump in oil prices and heightened inflation concerns. Geopolitical tensions escalated after the United States and Iran exchanged military strikes. Money markets now price in more interest rate hikes by the European…

The Economic Times

Trump says ceasefire with Iran is 'over' but negotiations can continue

President Trump stated the Iran memorandum of understanding is over, but talks could continue. He also expressed unhappiness with NATO regarding Greenland and Iran issues. The US conducted powerful retaliatory strikes against Iran after attacks on commercial shipping. Oil prices surged significantly following these announcements and related US actions. Trump…

The Economic Times

India's mutual fund industry just beat FIIs in a historic first. Here's what changed

India's mutual fund industry has overtaken foreign institutional investors in total assets under custody for the first time, marking a historic shift in market ownership. Strong SIP inflows and sustained domestic participation have driven the milestone, even as FII holdings declined amid continued selling and changing global investment trends.

The Economic Times

Kospi enters bear market! What South Korea’s finance minister said after 20% crash

South Korea’s Kospi entered bear market territory after falling over 20% from its June peak, dragged down by a sharp selloff in semiconductor giants Samsung Electronics and SK Hynix. Finance Minister Koo Yun-cheol warned that heavy concentration in chip stocks is increasing market volatility. Despite the correction, Kospi remains the…

The Economic Times

US chip startup SambaNova scores billion-dollar funding round

American AI chip startup SambaNova secured $1 billion in new funding. This investment values the company at an impressive eleven billion dollars. The company focuses on AI inference, which is crucial for user queries. This funding will support SambaNova's infrastructure development and expansion. Newcomers like SambaNova aim to challenge Nvidia's…

The Economic Times

AI expected to unlock up to 35% in profitability for Indian MSMEs; Nearly 60% to achieve double-digit revenue growth: Report

Artificial intelligence integration promises significant profit improvements for Indian MSMEs. Digital adoption helps nearly sixty percent of these businesses achieve double-digit revenue growth. Expanded market access and improved customer acquisition are key benefits reported by MSMEs. Digital advertising by MSMEs contributes substantially to the national economy. Technology adoption is crucial…

The Economic Times

Apple loses challenges against EU rules to curb Big Tech

Apple lost its challenge against landmark EU rules designating its app stores and iOS as gatekeepers. The EU Digital Markets Act mandates compliance for Big Tech firms with potential fines. A court ruling strengthened EU antitrust regulators' position for increased competition and consumer choice. Apple believes the DMA threatens user…

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