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The Latest Breaking News from 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…

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

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

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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

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…

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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…

The Economic Times

FIFA World Cup 2026: Who won yesterday's matches? Argentina, Spain and Belgium book quarterfinal spots

Argentina secured a thrilling comeback win against Egypt to advance. Spain narrowly defeated Portugal, ending Cristiano Ronaldo's World Cup journey. Belgium decisively beat the United States with a strong performance. These victories propelled Argentina, Spain, and Belgium into the quarterfinals. The teams will now prepare for their next challenging matches.

The Economic Times

Gurugram submerged: Road cave-ins, unending traffic jams add to woes; corporates advised WFH

Heavy monsoon rains caused widespread waterlogging and traffic jams across Gurugram city. Road cave-ins and submerged streets significantly disrupted daily commutes for residents. Authorities implemented extensive measures and diversions to manage the chaotic traffic situation. Corporate employees were advised to work from home to reduce vehicular movement. Rescue teams deployed…

The Economic Times

Kusumgar IPO Day 1: Issue gets fully subscribed on strong demand from NIIs; GMP at 40%

Kusumgar IPO GMP Today: Kusumgar's Rs 650 crore initial public offering opened on July 8, drawing significant investor interest. The issue was fully subscribed within hours, with strong demand from non-institutional investors. Retail investors also responded positively to the offering, which is an Offer for Sale. The company's shares are…

The Economic Times

Knack Packaging shares list at up to 11% premium over IPO price on NSE, BSE

Knack Packaging shares debuted strongly on D-Street, listing at a premium. The company's initial public offering received an overwhelming response from investors. Qualified Institutional Buyers and Non-Institutional Investors showed significant interest. Knack Packaging plans to utilize IPO proceeds for a new manufacturing facility. The company reported healthy financial growth in…

The Economic Times

FIFA World Cup 2026 Quarterfinal Fixtures: Full schedule, teams, date, time and match details

The FIFA World Cup 2026 quarterfinal matchups are now set. Argentina and Switzerland secured the final two spots in the tournament's final eight. France will face Morocco in the opening quarterfinal match. Spain will take on Belgium in the second quarterfinal game. Norway will meet England in a highly anticipated…

The Economic Times

Google Cloud’s big India AI bet; Swiggy crosses key ownership threshold

Google Cloud is supercharging its India bet with a local AI play and a potential manufacturing push. This and more in today’s ETtech Morning Dispatch.

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FIFA suspended two US men's national team staffers for Belgium game

FIFA suspended two U.S. men's national team staff members before Monday's match. Team manager Sam Zapatka and security vice president Frank Pannell faced sanctions. These suspensions were reportedly for violating FIFA match protocols and unauthorized access. The U.S. Soccer Federation did not specify the exact reason for the punishments. The…

The Economic Times

Gold eases as fresh US-Iran tensions lift oil prices, rate-hike bets

Gold prices fell to a near-weekly low as U.S. strikes on Iran boosted oil and the dollar. Higher interest rate expectations are pressuring the non-yielding precious metal. China's central bank reported its largest monthly gold reserve increase in over two years. Hong Kong authorities unveiled measures to bolster currency and…

The Economic Times

Missed your term insurance premium? Here's what happens to your policy, claim, and life cover

Missing a term insurance premium does not immediately cancel coverage. A grace period allows payment, and nominees receive benefits if death occurs. Unpaid premiums after the grace period cause the policy to lapse, stopping life cover. Lapsed policies can be revived within five years, often requiring health checks.

The Economic Times

Indian Navy secures safe passage for crude tanker Omega Trader through Hormuz

India and the Indian Navy have secured the safe passage of the Omega Trader tanker. This vessel carries 23 crew members, including 15 Indian nationals, to Sikka in Gujarat. The development occurs amid heightened security concerns in the Strait of Hormuz region. Recent attacks on commercial vessels have escalated tensions…

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The Economic Times

D-Street set for a negative opening as GIFT Nifty trades lower

Domestic markets ended lower after a four-session winning streak on Tuesday. Profit booking and weakness in Realty and Metals stocks impacted market sentiment. Foreign portfolio investors bought shares, while domestic institutional investors sold them. The Indian rupee saw its biggest single-session gain in three weeks. Investor focus remains on business…

The Economic Times

Switzerland beat Colombia to reach FIFA World Cup quarter-finals

Switzerland secured a World Cup quarter-final spot after a penalty shootout victory over Colombia. The match remained goalless through normal and extra time, leading to the decisive kicks. Goalkeeper Gregor Kobel made a crucial save which ultimately propelled the Swiss team forward. This marks Switzerland's first quarter-final appearance since hosting…

The Economic Times

Pakistan cargo plane missing off Karachi; search underway

A Pakistan cargo plane lost contact Tuesday night after reporting navigational issues. The aircraft experienced sharp altitude changes before a steep final descent. Early flight data indicated the plane possibly crashed into the sea. Authorities have launched a coordinated search and rescue operation at sea. The missing plane was en…

The Economic Times

Global Market Today: Oil rises, Asian stocks steady as US strikes Iran

Oil prices surged as the United States conducted airstrikes and revoked waivers for Iran. Asian stocks remained largely unchanged while investors assessed the geopolitical situation. S&P 500 and Nasdaq futures showed slight gains after earlier declines in US markets. Renewed tensions risk energy market disruptions and undermine the recent US-Iran…

The Economic Times

Iran vows 'crushing response' after US strikes around Strait of Hormuz

Iran has vowed a crushing response to fresh United States attacks. State media reported multiple explosions across the Strait of Hormuz region. The United States revoked a temporary sanctions waiver on Iranian oil sales. Three commercial tankers were struck in the Strait of Hormuz. These incidents occurred off the coast…

The Economic Times

How to strengthen Indian rupee without a rate hike

The Indian Rupee has depreciated significantly against the US Dollar since early 2025. Measures were introduced to boost capital inflows and support the currency. The Reserve Bank of India has intervened heavily in foreign exchange markets. A proposed foreign exchange cash reserve ratio could resolve currency leads and lags. This…

The Economic Times

US reinstates sanctions on Iranian oil sales after LNG, oil tanker attacks

United States reimposed sanctions on Iranian oil sales Tuesday. This action followed attacks on vessels in the Strait of Hormuz. The U.S. Treasury had previously authorized sales until August 21. Tuesday's revocation shortens this wind-down period to July 17. Oil prices rose more than five percent after the announcement.

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