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The Latest Breaking News from The Economic Times

Byju’s founder Raveendran sentenced to six months in jail for contempt of court

Byju Raveendran, founder of the failed Indian tech firm Byju's, has been sentenced to six months in jail by a Singapore court for contempt. The court found he disobeyed multiple orders concerning his assets. This latest setback comes as foreign investors, including Qatar Investment Authority, pursue him globally to recover…

The Economic Times

Senco Gold shares fall 3% despite 151% jump in Q4 net profit; firm tops FY26 guidance

Senco Gold share price over 3% despite a 151% net profit jump to Rs 157 crore in Q4, driven by strong revenue growth and improved margins. The company reported record retail sales, boosted by a wedding season and its Old Gold Exchange program, while expanding its showroom network across India.

The Economic Times

India's GCC model shifts from cost to capability as AI, talent strains bite

India's dominance in global capability centres is evolving. These hubs are now integrated, managing complex functions beyond support. Rising costs and talent shortages present challenges. Artificial intelligence is poised to reshape operations, demanding adaptation. India's future edge depends on its ability to adjust to these changes and global competition.

The Economic Times

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Samsung workers approve pay deal, shares surge

Samsung Electronics unionized workers have approved a bonus pay deal, averting an 18-day strike. The agreement, however, creates significant pay disparities, with memory chip division workers set to receive substantial bonuses, while others in consumer electronics will get much less. This deal aims to narrow the gap with rival SK…

The Economic Times

Neysa and Pipeshift team up for AI inference play in India

Bengaluru's Neysa and AI startup Pipeshift are joining forces. They aim to meet India's growing need for AI inference services. This partnership will tackle increasing costs and delays in AI adoption. India's AI market is projected to reach billions. The collaboration focuses on specialized, local AI systems.

The Economic Times

Quote of the Day by Michel de Montaigne: “When I am attacked by gloomy thoughts, nothing helps me so much as running to...” — Learn the timeless wisdom on peace, and mental healing from today’s quote by the father of modern essays

Quote of the Day by Michel de Montaigne is gaining fresh attention as readers search for mental peace, emotional healing, and wisdom through books. The famous Michel de Montaigne quote reveals how reading can calm gloomy thoughts, reduce emotional stress, and rebuild inner clarity. In today’s distracted world, books still…

The Economic Times

Kolkata weather update: IMD predicts light rain, thunderstorms in the 'City of Joy' from today, yellow alert for tomorrow

Rain prediction Kolkata: Kolkata anticipates a welcome respite from the heatwave as light rainfall is predicted starting today, May 27. Enhanced rain activities are expected across south Bengal from Wednesday, with Thursday and Friday offering higher chances of downpours. Residents can expect a humid and stormy week ahead, with thunderstorms…

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Low cost glasses help India's poor see a better future

Tofan Jena and Minati Rout are among many in India regaining sight through affordable glasses. GoodVision, a charity, offers free eye screenings and glasses to those in need. They also perform cataract surgeries. This initiative brings clear vision to communities lacking access to eye care. The program aims to improve…

The Economic Times

Trump declares himself in 'perfect' health, as 80th birthday looms

Donald Trump said an annual medical checkup had gone "perfectly" Tuesday, as the health of the oldest US president ever to take the oath faces growing scrutiny with the approach of his 80th birthday. Biden was the oldest ever president to take office -- until Trump began his second term.

The Economic Times

AI to turbocharge patent creation at India tech hubs, executives say

Global companies anticipate AI will boost new product and IP creation at Indian tech hubs, transforming routine tasks into complex innovation. Despite regulatory hurdles slowing local patent filings, India's skilled workforce and cost advantages continue to drive investment, positioning its centres for high-value work.

The Economic Times

Japan's Nikkei hits record high as chip-related shares jump

Japan's Nikkei stock index reached a new record high today. Chip-related stocks drove the gains, overshadowing declines in financial and other sectors. This surge mirrors positive performance in US technology shares. Investors are focusing on high-performing chip companies. Other sectors like real estate saw notable drops. The market shows a…

The Economic Times

Apple, Google push for judicial oversight in Canada online safety bill

Apple and Google are urging Canada to amend Bill C-22, seeking judicial oversight to prevent secret orders that could force them to break encryption. The tech giants argue such measures would undermine user privacy and transparency, citing concerns similar to those that led Apple to withdraw features from the UK.

The Economic Times

Telangana, Hyderabad weather to see a change soon amid extreme heatwave: IMD forecasts pre-monsoon rainfall, thunderstorms from May 28

Hyderabad weather update: Telangana is facing an intense heatwave, with the IMD issuing red and orange alerts for several districts. While temperatures soar above 46°C in many areas, pre-monsoon showers are expected from Thursday, potentially bringing relief with light rain and thunderstorms across the state. Hyderabad is likely to partly…

The Economic Times

What we know and don't know about the possible deal to end the Iran war

The United States and Iran are close to a deal to end the ongoing war and reopen the vital Strait of Hormuz. Negotiations are progressing well, with both sides expressing optimism. The agreement aims to cease hostilities, allow global shipping to resume, and address Iran's nuclear program. Details are still…

The Economic Times

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The Economic Times

Hundreds try to flee West Bengal as anti-infiltration drive triggers 'reverse exodus'

Suspected illegal immigrants are gathering at the Hakimpur border in West Bengal seeking to return to Bangladesh. This follows the state's new BJP government's announcement of a "detect, delete and deport" policy. Holding centres are being set up across districts for apprehended foreigners. The move revives scenes from last winter's…

The Economic Times

Samsung plans $1.5 billion chip testing plant in Vietnam, document shows

Samsung Electronics is investing $1.5 billion in Vietnam to build a new semiconductor testing plant, set to begin operations in November 2027. This expansion aims to address the global shortage of DRAM and NAND memory chips, exacerbated by surging AI demand.

The Economic Times

Oil Price Today (May 27): Crude oil hovers near $100 amid mixed cues on Iran war peace deal. What are experts saying?

Brent crude prices remained volatile as U.S. strikes in southern Iran and mixed signals from President Trump over talks with Tehran kept traders cautious. Disruptions through the Strait of Hormuz are increasing pressure on the global oil market, with inventories declining and potential production losses mounting.

The Economic Times

Newspaper publisher and former AP board chairman Donald Newhouse dies at 96

Donald E. Newhouse, president of Advance Publications and former AP chairman, has died at 96. He led the family's newspaper group for nearly 50 years, navigating it into the internet age while emphasizing quality journalism and editorial independence. Newhouse was known for his wisdom, generosity, and a hands-off approach to…

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The Economic Times

Air India, IndiGo to cut domestic flight operations as ATF prices, low demand hurt: Report

Air India and IndiGo are reducing domestic flights starting June 1 for three months. This move comes as jet fuel prices surge and demand dips after holidays. Air India will cut up to 15% of its services, while IndiGo plans a 5-7% reduction. Flights are being removed from booking sites…

The Economic Times

RCB vs GT Qualifier 1 yesterday match result: How Royal Challengers Bengaluru made it to second consecutive IPL final with 92-run win over Gujarat Titans? Check scores, top performers and more

Yesterday IPL match: Royal Challengers Bengaluru secured a direct spot in the IPL 2026 Grand Finale by comprehensively defeating Gujarat Titans by 92 runs in Qualifier 1. Rajat Patidar's explosive 93* off 33 balls powered RCB to a massive 254/5, a total their bowlers defended brilliantly to bowl out GT…

The Economic Times

Trump again slams media coverage on West Asia conflict, says "gone absolutely crazy"

Former President Donald Trump criticized media coverage of the West Asia conflict, alleging bias against his administration. He claimed outlets would even portray Iran's surrender as a victory for the nation. Trump also accused Democrats and media of losing their way and going "CRAZY!"

The Economic Times

Vegorama Punjabi shares make strong D-Street debut, list at 53% premium on BSE SME

Vegorama Punjabi Angithi shares debuted strongly on Wednesday. The stock opened at Rs 118 on the BSE SME platform, a significant jump from its issue price of Rs 77. The company raised Rs 38.38 crore through its public issue. This positive listing indicates strong investor interest in SME IPOs. The…

The Economic Times

Yen hovers near intervention zone as traders assess Iran war outlook

The yen neared intervention levels against the dollar amid Iran war concerns, while the Australian dollar held near recent highs before key inflation data. The New Zealand dollar stabilized after a dip, with the Reserve Bank expected to hold rates steady. The safe-haven greenback remained steady as U.S. strikes on…

The Economic Times

Employees terminated for business reasons are entitled to compensation and re-skilling funds under New Labour Code

New central government rules under the Labour Code offer significant benefits to employees facing job loss due to business reasons. These workers are now entitled to retrenchment compensation amounting to fifteen days' average pay for each year of service. Additionally, employers must contribute to a re-skilling fund, providing a further…

The Economic Times

Inherited property via Will? Do you need mutation in your name - here’s what law says

Inheriting property via Will? While mutation records update who pays taxes, they don't transfer ownership. Courts permit mutation for heirs but clarify it's not proof of ownership. Legal heirs become co-owners and cannot evict others without a court order or formal partition. Long possession alone doesn't grant ownership; adverse possession…

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