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The Latest Breaking News from The Economic Times

TCS, Infosys, Coforge, other IT stocks rally up to 10% after Nvidia-led chip rout. Is AI trade ending?

Indian IT stocks rallied on Tuesday, with TCS, Infosys, HCL Tech, Wipro, Coforge and Tech Mahindra gaining despite a global sell-off in AI-linked stocks. Investors tracked the sharp decline in Nvidia, Micron, SanDisk, SK Hynix and Samsung shares for clues on AI sector sentiment.

The Economic Times

Company at center of US cyclospora outbreak complained to White House, source says

Taylor Farms complained to White House and FDA officials about government inspections. The company suspended operations in central Mexico after lettuce was linked to an outbreak. Health authorities confirmed thousands of cases of the parasitic disease cyclosporiasis. Former FDA chief suggested other produce from central Mexico could be involved. The…

The Economic Times

Lost track of old PF account? Govt reveals how new EPFO e-portal helps trace and transfer balance

The EPFO has launched a new digital platform to help members trace old accounts. Members can now securely access and transfer their accumulated PF balances online. This new portal simplifies the process of consolidating funds from inoperative EPF accounts.

The Economic Times

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Manali hotel refuses stay despite confirmed booking: Guest wins Rs 31,000; court says refund alone didn't make up for the mental harassment

Manali hotel denied booking: A Gurgaon consumer commission has ordered The Allure Grand Resort in Manali to pay Rs 31,000 in compensation and litigation costs after it denied stay to a guest despite a confirmed booking, leaving him stranded in an unfamiliar hill station. The court ruled that returning the…

The Economic Times

Delhi government announces major boost for Kanwar Camps, financial assistance enhanced, large camps to receive up to Rs 15 Lakh

The Delhi government plans to significantly increase financial aid for Kanwar camps. Assistance for larger camps operating longer will see a substantial boost. Free electricity up to 1,200 units will continue for these religious sites. Various departments will ensure sanitation, medical aid, and water supply. Security and traffic management will…

The Economic Times

US faces risk of 'massive capital destruction' as Chinese AI models challenge hyperscalers: Jefferies

The United States could face "massive capital destruction" from its artificial intelligence (AI) investment boom as Chinese open-source AI models increasingly challenge the dominance and profitability of US hyperscalers, according to a report by Jefferies.

The Economic Times

HUL Q1 Results: Revenue rises 10% YoY to Rs 17,341 crore, but profit falls 3% on one-off tax credit

HUL Q1 Results: Hindustan Unilever (HUL) reported a 3% year-on-year decline in Q1FY27 net profit to Rs 2,673 crore, missing analysts' estimates, as the year-ago quarter included a one-off tax credit. Revenue, however, rose 10.2% to Rs 17,341 crore, driven by 10% underlying sales growth. HUL shares fell over 3%…

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Delhi: Three-storey building tilts; disaster management teams, police reach spot, in Delhi's Rohini Sector 16

A three-storey building in Delhi's Geeta Colony tilted significantly on Tuesday. Local residents reported the building had been leaning for a long time. Despite numerous complaints, authorities had not taken any action. A slab fell from the top of the structure, increasing fears. This incident follows a building collapse in…

The Economic Times

Saransh Jain's father hid cancer when he was playing, brother gave up his cricket dream

Saransh Jain Biography: Saransh Jain received his first India call-up for the Sri Lanka Test series. Washington Sundar's injury opened a spot for the off-spinning all-rounder. Jain impressed selectors with strong India A performances in Sri Lanka. He has a decade of Ranji Trophy experience without IPL exposure. His father's…

The Economic Times

Plastic notes in India coming soon: Why govt wants polymer banknotes, which countries use them and how these currencies help

Why is the RBI introducing plastic notes?The government's approval for RBI polymer notes has renewed focus on why RBI plastic notes are needed. Polymer banknotes last two to six times longer than paper Indian currency, reduce printing and replacement costs, improve durability, lower environmental impact and are already used by…

The Economic Times

From India to the UAE: Nawgati eyes global mobility infrastructure ambitions

What began as a solution to long queues at CNG stations has evolved into an AI-powered mobility infrastructure platform serving millions of users.

The Economic Times

Coforge shares surge 7% after Q1 profit spikes 63% YoY

Coforge shares jumped after the IT services company posted a strong Q1 FY27 performance, with net profit rising 63% year-on-year and revenue surging 49% on the back of robust demand, new deal wins, and momentum in AI, cloud, and data services.

The Economic Times

Coforge shares surge 7% after Q1 profit spikes 63% YoY

The Economic Times

Assam to withdraw cases over NEET protest, release those arrested

Assam government will withdraw police cases against NEET protest participants. Those arrested or detained during demonstrations will be promptly released. No adverse legal action will be initiated against any protest participants. The government will not pursue further action, treating the matter as closed. This decision follows careful consideration of circumstances…

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PM Modi, NDA leaders meet amid Parliament logjam over exam reforms

The NDA Parliamentary Party convened its 'Mangal Milan' meeting today in Parliament. The Nationalist Citizens Party of India, a new ally, also attended the significant gathering. Disruptions marked the Monsoon Session, with exam reforms and student protests being key issues. The Public Examinations Amendment Bill was introduced, aiming to prevent…

The Economic Times

Monsoon Session: Parliament to take up anti-paper leak Bill today, MSME, others on agenda

Parliament will consider the Public Examinations Amendment Bill on Tuesday. The Rajya Sabha will introduce the MSME Development Amendment Bill. It will also pass the Prevention of Insults to National Honour Amendment Bill. The anti-paper leak legislation aims to strengthen existing legal frameworks. This bill addresses concerns over examination malpractices…

The Economic Times

Parliament Monsoon Session: Opposition floor leaders to meet at 10 am in Mallikarjun Kharge's office

Opposition floor leaders will meet Tuesday to strategize on Parliament's ongoing deadlock. The meeting aims to coordinate approaches for both Lok Sabha and Rajya Sabha proceedings. Parliament has seen adjournments due to the NEET paper leak controversy and police actions. The Public Examinations Amendment Bill was introduced amid opposition protests…

The Economic Times

Monsoon rains continue to hamper Himachal; 108 roads remain blocked

Monsoon rains continue to disrupt normal life across Himachal Pradesh on Monday. One hundred and eight roads remain blocked due to landslides and debris from recent heavy rainfall. Fifteen people have tragically lost their lives in rain-related incidents across the state. Water supply schemes have also been affected, with thirty-eight…

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The Economic Times

Govt plans 44 airports for Hub and Spoke flights to boost global connectivity

India is developing a Hub and Spoke aviation model to become a global hub. Air India launched new flights connecting smaller cities to international destinations. This initiative aims to provide seamless travel for passengers from Tier-II and Tier-III airports. The government plans to develop 4 hubs and 40 additional airports…

The Economic Times

India's Ajaya Babu wins weightlifting silver at Commonwealth Games

Valluri Ajaya Babu secured a silver medal in the men's 79kg weightlifting event. He lifted a total of 330kg, narrowly missing the gold medal. Ajaya Babu set a new Games record of 149kg in the snatch discipline. His opponent from Malaysia edged him out in the clean and jerk section.…

The Economic Times

CWG 2026: Shilpa Shyla upgraded to bronze after Nigerian athlete disqualified in women's shotput F57

Indian para-athlete Shilpa Shyla was upgraded to the bronze medal in the women's shot put F57 event at the 2026 Commonwealth Games after Nigeria's Eucharia Iyiazi was disqualified. The revision gave India its first double podium finish of the Glasgow Games, with Sharmila Dhankar winning gold, and took the country's…

The Economic Times

Commonwealth Games 2026: Sajan Prakash, Aryan Nehra finish eighth in swimming finals; Swatik Patil fifth in para event

Sajan Prakash and Aryan Nehra finished eighth in their respective swimming finals. Swatik Patil secured fifth place in the para swimming 100m breaststroke event. Prakash competed in the men's 200m butterfly final, while Nehra swam the 800m freestyle. Australia dominated the podium in both the men's 200m butterfly and 800m…

The Economic Times

Musk's X adds Money banking service under 'everything app' push

Elon Musk's social media app X on Monday began offering its X Money banking service to all US subscribers of its paid Premium and Premium+ tiers, part of the multi-billionaire's ambition to turn the site into an "everything app." Premium+ subscribers can earn the top rate directly, while Premium users…

The Economic Times

Trump vs Netanyahu over F-35s for Turkey: Why a fighter jet sale is creating a new US-Israel rift

President Trump rejected Israeli concerns over F-35 jet sales to Turkey. Turkey was removed from the F-35 program after buying Russian S-400 systems. Israel opposes the sale, viewing Turkey as a regional rival and security threat. Turkey's strategic location and NATO membership underscore its importance to Washington. US policy on…

The Economic Times

Pentagon says US drone production still trails Ukraine by wide margin

The United States faces significant challenges building its domestic drone industry. Ukraine currently produces millions of small attack drones annually. New Pentagon rules require military drones to use American-made parts. This stricter standard complicates sourcing components like semiconductors for US manufacturers. Ukrainian companies are partnering with US firms to localize…

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