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The Latest Breaking News from The Economic Times

CJP's Saurav Das, Ashutosh Ranka, Ajinkya Shinde placed under preventive arrest for allegedly trespassing at Jantar Mantar

Delhi Police detained Cockroach Janata Party activists Saurav Das, Ashutosh Ranka, and Ajinkya Shinde for trespassing. The activists were attempting to enter Jantar Mantar, which was recently de-notified as a protest location. Allegations have been made regarding the denial of legal representation for nearly 24 hours. Authorities have been accused…

The Economic Times · 1h ago

US hits Bank of America with $1.2 billion fine, says it violated money laundering, sanctions laws

The US Treasury Department announced a $1.2 billion fine against Bank of America for violating anti-money laundering laws. This penalty marks the third-largest ever imposed by the department in its history. Alongside this fine, Bank of America settled for $11.6 million over sanctions violations related to various programs. The bank…

The Economic Times · 1h ago

US Stock Market today: Why are S&P 500, Dow Jones, Nasdaq, Russell 2000 down? Latest updates on Wall Street stocks, US Bonds, treasury yields

Wall Street indexes S&P 500, Dow Jones, Nasdaq, Russell 2000 had rough trading day as several stocks fell, weighing on key sectors.

The Economic Times · 2h ago

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Global Market Today: Asian stocks rise on Fed rate signal, oil gains

MSCI Inc.’s Asia Pacific equities index advanced 0.2%. A selloff in semiconductor stocks sent the gauge to its weakest close since August on Tuesday. Earlier, the S&P 500 pared earlier losses to close little changed after New York Fed President John Williams said he continued to see one more rate…

The Economic Times · 2h ago

Iran shifting tactics to step up attacks on shipping before US vote: Officials

Iran has begun using new offensive tactics against vessels in the Strait of Hormuz and nearby waters. This strategy aims to limit oil shipping and influence the upcoming US midterm elections. Reports indicate an increase in maritime attacks near the strait, signaling a potential escalation of tensions. Iranian officials have…

The Economic Times · 2h ago

Saudi Aramco administrative building at Dhahran headquarters attacked

A limited fire broke out in an Aramco administrative building without injuries reported amid escalating tensions. The Saudi-led coalition conducted airstrikes on Houthi positions in Yemen in response to missile threats. Houthi forces retaliated by claiming they would target Saudi Arabia if attacked. Fighting in Taiz resulted in casualties and…

The Economic Times · 2h ago

Microsoft Azure is not taking cost-cutting measures, says software giant spokesperson amidst AI overhaul reports

Microsoft has announced the next generation of its custom AI chip and said it plans to deploy potentially more than a million of them next year to back its internal AI services.

The Economic Times · 2h ago

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Stocks in news: Adani Enterprises, Hyundai Motor India, BHEL, BEL, Groww, Tata Elxsi and RailTel

Indian stocks rallied impressively, as benchmark indices surged by over 1.5%, fueled by a wave of positive investor sentiment. Key players like Adani Enterprises and Hyundai Motor India are capturing attention due to significant recent updates. While Tata Elxsi experienced a minor dip in net profit, revenue and EBIT improvements…

The Economic Times · 2h ago

D-Street braces for weak opening on negative GIFT Nifty cues

The Nifty index surged to close at 22,722, bouncing back with a hefty gain of 434 points from its lowest dip of the day. Positive remarks from Finance Minister Nirmala Sitharaman are likely to bolster investor confidence regarding the long-term capital gains tax. A decline in the India VIX suggests…

The Economic Times · 2h ago

Who is Abdulrahman Alfozan? ChatGPT maker OpenAI's Saudi national employee arrested by FBI for planting high tech listening device in San Francisco office

OpenAI's security team found the device late last month at ChatGPT maker's office and the employee, Saudi national Abdulrahman Alfozan, was arrested on October 9, the US Justice Department said.

The Economic Times · 3h ago

Pope Leo lung cancer: What is adenocarcinoma, is it life threatening? Vatican offers surgery update, health status

Pope Leo XIV underwent surgery on Tuesday that confirmed that he has lung cancer, and doctors removed the lower lobe of his right lung, the Vatican said.

The Economic Times · 3h ago

US stocks: Nasdaq ends down as chipmakers fall and bank earnings roll in

In a recent trading session, the Nasdaq index took a hit as chip stocks continued their downward spiral, amid diverging results from major banks like Citigroup and Goldman Sachs. The PHLX chip index faced a substantial decline, sparking fears surrounding competition in this sector. Despite the turbulence, analysts express optimism…

The Economic Times · 7h ago

Anti-drug activist Parvinder Singh shot dead by medical store owner in Punjab's Mansa

Parvinder Singh, an anti-drug activist, was shot dead in Mansa, Punjab, after confronting a pharmacy owner. Tensions escalated as Singh's supporters vandalized the medical store and protested against the ruling government. Investigations indicate the shooting was linked to a previous incident involving the store owner and Singh. Political leaders condemned…

The Economic Times · 7h ago

Delhi records five road deaths daily in 2026, highest in six years

Delhi's roads experienced alarming statistics in 2026, with an average of five lives lost daily due to accidents. The first nine months recorded 1,309 fatalities, primarily involving two-wheeler riders and pedestrians. Pedestrian deaths accounted for nearly two out of five fatalities in the city. Authorities indicated the importance of improving…

The Economic Times · 7h ago

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The Economic Times · 7h ago

Could Iran target the Gulf’s digital backbone? The risks to data centres and internet cables explained

Iran's warning raises concerns about the vulnerability of Gulf data centres and digital infrastructure to potential attacks. Recent escalations have already disrupted Amazon Web Services facilities in the UAE and Bahrain, highlighting the risk. The Gulf has invested significantly in emerging technologies, making security a critical focus for governments and…

The Economic Times · 7h ago

SHRM offered senior specialist role in June 2024, revoked it a month later over employee’s request to bring medical service dog to work; court orders HR giant to pay $400,000

A jury ruled that the Society for Human Resource Management, or SHRM, failed to accommodate a job applicant. Plaintiff Fiona Torres claimed SHRM revoked her job offer due to her need for a medical service dog. The jury awarded Torres $400,000 in compensatory damages for violations of the Americans with…

The Economic Times · 8h ago

US existing home sales rise in September; higher mortgage rates dim outlook

Home sales rose 1.5% last month to a seasonally adjusted annual rate of 3.99 million units, the National Association of Realtors said on Tuesday. Economists polled by Reuters had forecast home resales would decline to a rate of 3.95 million units.

The Economic Times · 8h ago

Navratri 2026 Day 4 Colour: Maa Kushmanda, puja vidhi, bhog, fasting foods, mantra and wishes to share on WhatsApp

Shardiya Navratri Day 4 honours Maa Kushmanda: Celebrate Sharadiya Navratri on October 14, 2026, with devotion and excitement! The fourth day highlights the reverence for Maa Kushmanda, where devotees wear royal blue attire and prepare delightful malpua. Engaging in time-honored puja practices, including mantra recitations and sharing prasad with loved…

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The Economic Times · 8h ago

NY Fed President Williams sees no need for a rate hike in 2027

At a recent conference, John Williams from the Federal Reserve Bank of New York expressed optimism about a potential interest-rate increase this year, suggesting inflation could hit the 2% goal by next year. He cited the role of artificial intelligence in affecting inflation rates while also addressing the sector's supply-demand…

The Economic Times · 8h ago

Go On, Show Us the Money! Rs 3 lakh cr foreign outflows spark concerns about India's investment landscape

Foreign Portfolio Investors have withdrawn significant capital from Indian equities in 2026, raising concerns among officials. Despite these outflows, there is strong investment in Indian IPOs, highlighting a complex investment landscape. International investors are becoming selective, focusing on emerging sectors like AI and technology. India's investment appeal remains strong due…

The Economic Times · 8h ago

Indian Embassy reiterates Saudi Arabia's alert of potential danger in Eastern Province

Saudi Civil Defence has alerted citizens in the Eastern Province about a potential danger and issued safety advisories. Indian Embassy has supported this alert by urging citizens to follow official instructions carefully. Citizens are advised to stay indoors and avoid open areas until the situation is deemed safe. Drivers receiving…

The Economic Times · 9h ago

Bittu Tabahi shares ‘heartbreaking’ update as Ajnar River in Madhya Pradesh turns polluted again despite 8 months of cleanup; "Eight months of hard work wasted"

Bittu Tabahi, also known as Surendra Singh Choudhary, continues his mission to revitalize the Ajnar River in Madhya Pradesh. After successfully clearing significant waste, he encountered new trash on the riverbanks just eight months later. Undeterred, he is committed to enhancing the river's ecosystem while sharing his journey on social…

The Economic Times · 9h ago

Bangladesh warns of legal action over harassment of Muhammad Yunus in US

Tarique Rahman's adviser issued a warning concerning legal repercussions for supporters of Awami League who heckled Muhammad Yunus. Yunus, recently facing criticism over a measles outbreak, was targeted by aggressive protestors while arriving in New York. Supporters yelled accusations of terrorism and questioned his presence in the US. The incident…

The Economic Times · 9h ago

Mamata Banerjee allegedly targeted with knife, TMC files complaint

Trinamool Congress MP Dola Sen filed a police complaint after a knife attack attempt on Mamata Banerjee. The complaint describes an intruder breaching security and attacking Banerjee while being intoxicated. Tannishtha Saha, identified as a Civic Volunteer, reportedly attempted to harm the former Chief Minister. TMC National Spokesperson Nilanjan Das…

The Economic Times · 9h ago

GST reforms aim to boost compliance by removing fear, widening tax base

Rate rationalisation showed that a lower rate yields more revenue as the base widens, and process reforms rest on the same principle. A business that doesn't fear the tax office is more likely to register, report its full sales and grow within the system.

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