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The Latest Breaking News from The Economic Times

Mercedes-Benz India posts record H1 sales at 9,768 units

Mercedes-Benz India posted its best-ever first-half sales, retailing 9,768 vehicles in H1 2026, up 9% year-on-year. The company also recorded its highest-ever Q2 sales at 4,637 units, a 10% increase from a year earlier.

The Economic Times

Oregon seeks 60-day pause on Paramount-Warner Bros merger over withheld records

Oregon's attorney general seeks a court order to pause Paramount's acquisition bid for Warner Bros. The state claims Paramount withheld crucial records regarding its lobbying efforts. Paramount states the requested information is irrelevant to antitrust law compliance. Other states are also preparing to sue and block the proposed merger.

The Economic Times

Uttarakhand Govt forms high-level committee to probe alleged irregularities with donations at Badrinath shrine

In view of the alleged irregularities and complaints related to donations and offerings at Badrinath Dham, and considering the seriousness of the matter, the Uttarakhand Government has constituted a three-member high-level committee on the instructions of Chief Minister Pushkar Singh Dhami to conduct a comprehensive inquiry.

The Economic Times

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EU lawmakers call for investigation of FIFA boss over Trump contact before US-Belgium match

European lawmakers are seeking an investigation into FIFA boss Gianni Infantino. This follows the decision to lift a red card suspension for player Folarin Balogun. Lawmakers stated FIFA's rule change mid-tournament was a disgrace and perversion of justice. They believe Infantino and FIFA surrendered to demands from the Trump administration.

The Economic Times

EAM Jaishankar arrives in Kuwait; looks forward to engagements

External Affairs Minister S Jaishankar arrived in Kuwait after visiting Bahrain and Qatar. He thanked Kuwait's Deputy Foreign Minister for a warm reception and looked forward to engagements. In Bahrain, he reaffirmed India's commitment to deepening the partnership with the Gulf nation. Jaishankar also met with Bahrain's King and discussed…

The Economic Times

Quote of the Day by George Orwell: “The creatures outside looked from pig to man, and from man to pig, and from pig to man again…” - a chilling, powerful statement from the book Animal Farm

George Orwell's Animal Farm quote highlights power's corrupting influence on revolutionary ideals. The pigs became as oppressive as the humans they overthrew. Eric Arthur Blair, known as George Orwell, wrote about totalitarianism and fascism. His clear and sharp writing remains relevant for understanding power abuse. The quote serves as a…

The Economic Times

Netflix strikes deals in short-form video push

Netflix is pushing deeper into the short-form video territory dominated by TikTok and YouTube, striking licensing deals with a slate of major US media publishers to carry bite-sized content on its platform. "Members don't just want to watch a show or film and move on -- they want to keep…

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Rainfall deficit comes down to 12% as July witnesses above-normal rainfall: Govt

The rainfall deficit has reduced to twelve percent with above-normal monsoon activity in early July. An El Nino year may not necessarily result in below-normal rainfall for the country. Various departments presented preparedness measures for the kharif season and potential economic impacts. Climate-resilient technologies have maintained foodgrain production despite past…

The Economic Times

YouTube defends video that falsely claims Sydney massacre survivor is 'crisis actor'

Lord was questioned about a complaint made by survivor Arsen Ostrovsky about a video posted on YouTube. Ostrovsky was attacked online after an image showing blood streaming from a wound in his head was posted on X two hours after he was shot.

The Economic Times

Ex-CM Arvind Kejriwal's 'Sheesh Mahal' may be turned into a state guest house, sources say

Delhi government plans to convert Arvind Kejriwal's former official residence into a state guest house. The bungalow will offer parking and a waiting hall for visiting officials and ministers. This repurposing follows scrutiny over the residence's lavish renovation under the former chief minister. Vigilance inquiries and a CBI probe are…

The Economic Times

'World Cup is fixed': Egypt star Mostafa Ziko blasts FIFA after Argentina's dramatic comeback as viral video claims referee bias

Egypt squandered a two-goal lead against Argentina in the World Cup Round of 16. A controversial VAR decision disallowed an Egyptian goal which changed the match. Argentina scored three late goals to secure a dramatic 3-2 victory. Forward Mostafa Ziko alleged the tournament was fixed after the heartbreaking defeat. The…

The Economic Times

Iraq's holy cities to host funeral processions for Ali Khamenei

Funeral processions for Iran's slain leader Ali Khamenei will pass through Iraq's holy cities. Ceremonies began Saturday in Iran and will include a dedicated day for neighboring Iraq. Iraqi officials received Khamenei's remains Tuesday night at Najaf international airport. Huge crowds are expected in Najaf and Karbala for the significant…

The Economic Times

'No safe harbor for these thugs': US charges Lawrence Bishnoi, Goldy Brar for Nijjar's killing in Canada in 2023

US authorities have charged Lawrence Bishnoi and Goldy Brar for ordering Nijjar's assassination. This action is part of a larger operation targeting transnational crime groups. Law enforcement agencies arrested twenty-four individuals connected to these criminal organizations. The killing of Nijjar had previously strained relations between India and Canada. Investigations continue…

The Economic Times

Quote of the Day by Marcus Aurelius: "The people I deal with today will be meddling, ungrateful... They are like this because..." - powerful life lessons on emotional intelligence, patience, self-control, and why true peace begins with your own mind

Today's Quote of the Day by the Stoic philosopher-king Marcus Aurelius speaks to a challenge almost everyone faces—dealing with difficult people. His words are nearly 2,000 years old, yet they still offer a simple, powerful reminder: lasting peace begins with how you choose to respond, not how others behave.

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Canada province preparing lawsuit against OpenAI over school shooting

British Columbia said Tuesday it was preparing a lawsuit against OpenAI over the company's failure to report violent ChatGPT activity by the person who committed a mass school shooting in the western Canadian province. British Columbia said Tuesday it was preparing a separate case, in coordination with the families, and…

The Economic Times

Earthquake of magnitude 5.0 strikes China, emergency response underway

China earthquake: A magnitude 5.0 earthquake struck China's Sichuan region shortly after a landslide. Rescue operations concluded after 33 people were buried in Gansu province. State media reported that the death toll from the landslide rose to 21. All trapped individuals were recovered by early Wednesday morning. Seven people sustained…

The Economic Times

Delhi, Noida, Gurugram Weather Today: IMD issues yellow alert for rain, thunderstorms and gusty winds

Heavy rain lashed Delhi-NCR on Wednesday morning, prompting a Yellow Alert from the IMD. The weather agency forecasts more rain, thunderstorms, and gusty winds for the next five days. Gurugram experienced intense monsoon showers, causing widespread flooding and traffic chaos. Several major roads and highways in Gurugram were submerged due…

The Economic Times

Iranian President Masoud Pezeshkian leaves Iraq for Tehran after US strikes

US-Iran war news: Iranian President Masoud Pezeshkian departed Iraq after attending funeral rites for Ayatollah Ali Khamenei. US Central Command forces launched powerful strikes against Iran in response to vessel attacks. Explosions were reported near Sirik and Qeshm in southern Iran following these strikes. The US Treasury Department also cancelled…

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The Economic Times

Oil Price Today (July 8): Crude oil flares up over 5% as ‘powerful’ US strikes on Iran revive supply fears. What’s unfolding?

Brent crude futures climbed $1.62, or 2.16%, to $76 a barrel, while U.S. West Texas Intermediate crude gained $1.63, or 2.31%, to $72 a barrel. Both benchmarks had already advanced about 3% on Tuesday after the United States withdrew the general licence that had allowed the sale of Iranian crude…

The Economic Times

Mumbai Weather Today: IMD warns of heavy rain, strong winds; local trains running normally as BMC debunks viral holiday rumour

Mumbai experienced a brief respite from heavy rains on Tuesday. The India Meteorological Department forecasts intermittent heavy to very heavy rainfall for Wednesday. Gusty winds and a high tide are also expected, prompting caution in low-lying areas. Authorities have debunked fake messages regarding school and office closures. Local train services…

The Economic Times

Will Trent shares rebound after Q1 update triggers 13% crash? Here's what technical charts indicate

After the 13% crash, Trent shares have technically slipped below their 20-day EMA, while the RSI has witnessed a sharp downtick, signalling a shift in momentum from bullish to bearish, said Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities

The Economic Times

ITR filing 2026: Is AIS enough to report stock and mutual fund capital gains?

Taxpayers should verify Annual Information Statement data for capital gains. Relying solely on AIS may lead to incorrect income reporting for AY 2026-27. Download broker P&L statements and reconcile them with AIS information. Independent capital gains computation is crucial before filing income tax returns. This ensures accurate reporting and compliance…

The Economic Times

Titan dividend alert! Last day to buy shares for Rs 15 dividend payout. Do you own?

Only those shareholders who own Titan shares in their demat accounts as of Thursday will be eligible to receive the bonus shares. Under the market regulator SEBI's T+1 settlement cycle, investors must buy shares of a company at least one trading day before the record date so that they are…

The Economic Times

Meta says aggressively working to combat child exploitation on apps

Meta detailed its AI-powered efforts to fight child exploitation across its platforms. The company stated it is investing more resources to protect young users. Newer AI systems now cover most online languages for enforcement. Meta removed millions of suspicious accounts and exploitative content globally. Government sources await Meta's official response…

The Economic Times

US announces USD 50,000 reward for information on 'Most Wanted' gangster Goldy Brar

The FBI is offering a fifty thousand dollar reward for information leading to Goldy Brar's arrest. He is wanted for alleged involvement with the Lawrence Bishnoi organized crime group. This group is accused of various violent acts across North America and beyond. Federal prosecutors have also charged Brar and Bishnoi…

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