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The Latest Breaking News from The Economic Times

Rupee rises 35 paise to 95.64 against US dollar in early trade

The Indian rupee strengthened significantly against the US dollar in early trade. Lower crude oil prices and easing geopolitical tensions boosted the rupee's momentum. A weaker US dollar index and positive equity market sentiment also supported the currency. Foreign institutional investors offloaded equities worth Rs 1,688.23 crore on Monday. The…

The Economic Times

Xtranet Technologies IPO allotment likely today; GMP signals modest listing gains. Here's how to check status

Xtranet Technologies is set to finalise its IPO allotment today, with the stock scheduled to list on July 30. The Rs 166.80 crore issue was subscribed 12.24 times, led by strong demand from NIIs. The grey market premium stands at Rs 8, indicating a potential 6% listing gain over the…

The Economic Times

Tourism Ministry signs pact with Air India to boost global tourism campaign

The Tourism Ministry and Air India have signed a Memorandum of Understanding. This collaboration aims to promote India as a preferred global tourism destination. They will leverage digital platforms and extensive networks for enhanced visibility. Joint global promotional campaigns will be undertaken under the Incredible India brand. This partnership seeks…

The Economic Times

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Best corporate bond mutual funds to invest in July 2026

Corporate bond funds offer relatively safe debt investment options for near-term goals. These schemes invest in highly-rated company papers, reducing risk compared to other funds. Investors should consider safety and current interest rate trends when making decisions. HDFC Corporate Bond Fund and Aditya Birla Sun Life Corporate Bond Fund are…

The Economic Times

Sensex falls 70 points, Nifty closes below 23,400 as HUL, BEL, other stocks react to Q1 earnings

Indian stock markets closed lower on Tuesday after erasing early gains. Sensex and Nifty experienced a slight decline, while broader markets showed mixed performance. IT stocks rallied significantly, driven by global sentiment shifts and attractive valuations. Analysts noted cautious investor sentiment ahead of central bank policy meetings. Improving monsoon conditions…

The Economic Times

Tourism Ministry signs pact with Air India to boost global tourism campaign

The Economic Times

BJP-led NDA Parliamentary Party to hold weekly 'Mangal Milan' meeting today

The NDA Parliamentary Party will hold its weekly 'Mangal Milan' meeting on Monday ahead of a discussion on the anti-paper leak Bill. The newly formed NCPI will attend for the first time after backing the ruling alliance, while the Opposition is expected to continue pressing the government over the July…

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India's space rockets to get homegrown chips soon: Ashwini Vaishnaw

India will soon equip its space launch vehicles with domestically produced semiconductors, according to Union Minister Ashwini Vaishnaw. On Monday, meeting the heads of private space technology company Skyroot Aerospace, after its Vikram-1 Test Flight-1 successfully reached orbit, marking the maiden flight of India's first privately developed orbital-class rocket, Vaishnaw…

The Economic Times

Global Market: Zhongji Innolight raises $6.81 billion in Hong Kong listing, Asia’s second-biggest IPO of 2026

Chinese optical components maker Zhongji Innolight has priced its Hong Kong share sale at HK$980 per share, raising HK$53.41 billion in the city’s largest equity offering in nearly seven years. The AI infrastructure supplier plans to use the proceeds for R&D, manufacturing expansion and acquisitions, with trading set to begin…

The Economic Times

Trump defends his sweeping tariffs and watches 'America First' drag races during Michigan stop

US President Trump visited Michigan, promoting his economic policies and tariffs. He toured a General Motors facility, highlighting domestic production and auto workers. New Canadian tariffs, however, are causing economic concerns for Michigan businesses. Some groups state tariffs have cost Michigan businesses billions of dollars. The visit occurs as Michigan's…

The Economic Times

Lohia Corp IPO allotment likely today; GMP hints at modest listing gains. Here is how to check status

The basis of allotment for the Rs 1,101 crore Lohia Corp IPO is expected to be finalized today, July 28. Investors can check their allotment status on MUFG Intime India, BSE, or NSE. The IPO, which was subscribed 7.25 times, is slated to list on July 30.

The Economic Times

Bharat Electronics shares fall over 3% after Q1 results. Here's what Nomura, Motilal Oswal and other brokerages say

Bharat Electronics (BEL) shares fell 3.5% after the defence PSU reported mixed Q1FY27 results, with profit rising 9% year-on-year but declining sharply on a sequential basis. Despite the earnings miss, brokerages remained constructive. Motilal Oswal, Elara Capital and Dolat Capital reiterated positive ratings, while Nomura maintained a Neutral stance, citing…

The Economic Times

Iran will never reach understanding with US, deputy parliament speaker says

Iran's Deputy Parliament Speaker Hamidreza Haji Babaei stated no understanding with America is possible. He emphasized the Strait of Hormuz as a significant source of Iranian power. Babaei reiterated strong support for regional resistance movements and their strength. He also issued a stern warning to Ukraine regarding actions in the…

The Economic Times

Coal India shares fall 2% after Q1 results. What are Jefferies, other brokerages saying?

Coal India shares fell after the state-run miner reported a marginal 1% year-on-year rise in Q1 FY27 consolidated net profit to Rs 8,852 crore, while profit declined over 18% sequentially. Despite the muted earnings, Jefferies maintained a Buy rating with a target price of Rs 500, citing expected recovery in…

The Economic Times

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The Economic Times

Chicken sale in Tamil Nadu, Puducherry to be stopped from Friday July 31. Here's why

Poultry traders will suspend broiler sales from July thirty-first across Tamil Nadu and Puducherry. This indefinite strike protests producers feeding birds until the last moment before dispatch. Traders allege this practice inflates weight and contaminates meat with undigested feed. The strike will shut thousands of retail shops, impacting restaurants and…

The Economic Times

Indo-MIM IPO allotment likely today; GMP signals 39% listing gain. Here’s how to check status

The basis of allotment for the Indo-MIM IPO is expected to be finalized today, with the stock set to list on July 30. Following a strong subscription of 72.34 times, the grey market premium stands at 39%, reflecting significant investor interest ahead of the company's stock market debut.

The Economic Times

The road to Rs 1,000 crore: How Steelbird built one of India’s biggest helmet brands

Managing Director Rajeev Kapur explains how Steelbird Hi-Tech India carved out a successful helmet business in India, focusing on qualitative safety standards as its most defining USP, while facing many bumps along the way.

The Economic Times

CWG 2026 Medal Tally: Check latest Top 10 standings as India climbs to eighth spot, moves ahead of New Zealand

India secured six medals on Day 5, boosting their overall tally to ten. Sharmila Dhankar won a historic gold medal in para-athletics for the nation. Sarvesh Kushare and Gyaneshwari Yadav claimed silver medals in their respective events. Bindyarani Devi and Shilpa K. Shyla added bronze medals to India's growing count.…

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The Economic Times

Incoming Apple CEO John Ternus aims to build on movie and TV progress

Apple's incoming CEO John Ternus plans to build on entertainment momentum. The company achieved success with "CODA" and "Ted Lasso" shows. Apple TV+ was renamed Apple TV after its 2019 launch. Tim Cook emphasized focusing on quality over quantity in content. Future partnerships will be pursued where Apple offers unique…

The Economic Times

Global Market: Samsung, SK Hynix plunge up to 11% as investors reassess AI chip boom

South Korean chip stocks experienced sharp declines on Tuesday. Major companies like Samsung Electronics and SK Hynix saw significant drops. Investors scaled back artificial intelligence-related bets due to spending sustainability worries. Concerns over China's semiconductor advancements also fueled market unease. This selloff reflects a broader reassessment of AI valuations and…

The Economic Times

Bank of Baroda Data Leak: Compromised employee email linked to alleged 1TB data leak on darknet

Bank of Baroda said its recent data leak resulted from the compromise of a single employee's email account and did not affect its core banking systems. The bank has launched a forensic investigation, informed regulators, and notified a cyber insurance claim while authorities assess the impact of the alleged data…

The Economic Times

Amritsar airport launches hub-and-spoke model for international transit via Delhi

The Centre has launched its hub-and-spoke aviation model at Amritsar airport, allowing passengers to complete check-in, immigration, customs and baggage formalities before flying to Delhi for onward international connections, as part of a plan to streamline overseas travel and expand the network across India.

The Economic Times

Zero Flights, Full Marks: How Khajuraho airport, with not a single flight, became India's best-rated

Khajuraho airport has been named India's best-rated airport by the AAI at a time when the airport has suspended all commercial flight operations since July. The airport's customer satisfaction index is based on passenger feedback on various facilities. Flights are expected to resume operations in October after the current pause.

The Economic Times

'Failed again': Trump touts court order allowing him to amend $15 billion lawsuit against US media outlet

US President Donald Trump secured a procedural win in his defamation lawsuit. A judge permitted his legal team to amend the $15 billion case. Trump accuses The New York Times of bias and actual malice. He intends to hold media organizations accountable for fake news. The lawsuit targets the newspaper…

The Economic Times

India's crorepati list is growing but the problem is who will manage their money

India's ultra-rich population is rapidly increasing, creating a significant advisory gap. The number of wealthy individuals has grown substantially, demanding more skilled wealth managers. This shortage is driving up costs and competition for experienced financial advisors. Firms are investing in technology and talent to manage this expanding client base. The…

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