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The Latest Breaking News from The Economic Times

Cabinet reshuffle very soon, new BJP, NCP faces may be inducted: Ramdas Athawale

Union Minister Ramdas Athawale anticipates a cabinet reshuffle very soon. New faces from the BJP and ally NCP are expected to join the government. Athawale urged the Sharad Pawar-led NCP (SP) to join the ruling NDA. He also stressed the importance of upholding constitutional reservation rights. Abhijeet Dipke was also…

The Economic Times

Zepto IPO: Raamdeo Agrawal says it was premature for the quick-commerce firm to tap public market. Here’s why

Market veteran Raamdeo Agrawal has called Zepto’s IPO plans premature after the quick-commerce firm deferred its proposed listing amid valuation concerns. Zepto is reportedly discussing a valuation of $2.5-3 billion, sharply below its $7 billion private valuation. Agrawal said companies should tap public markets only when profitable or close to…

The Economic Times

Govt destroyed ISI-backed Shahzad Bhatti network; 200 arrested ahead of Independence Day: Amit Shah

Indian security forces made a bold move by arresting more than 200 individuals affiliated with the Shahzad Bhatti Network, thwarting intended subversive attacks ahead of Independence Day festivities. The extensive operation spanned fourteen states, leading to the recovery of a considerable amount of explosives and arms. This network, linked to…

The Economic Times

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Johnny Depp may return as Captain Jack Sparrow in Pirates of the Caribbean 6, but in supporting role to Margot Robbie: Here’s all we know about cast and other details

Conversations regarding Johnny Depp's anticipated return as Captain Jack Sparrow are in full swing. Producer Jerry Bruckheimer has confirmed that discussions with the star are ongoing. Furthermore, Margot Robbie's character might take on a prominent role in the upcoming film. The screenplay is being crafted by screenwriters Craig Mazin and…

The Economic Times

Bitcoin hovers near $63K ahead of Fed rate decision as investors assess liquidity outlook

Bitcoin hovered near $63,000 as investors awaited Federal Reserve guidance, with weak ETF flows, geopolitical tensions and elevated oil prices pressuring risk appetite. Analysts highlighted $62,300 support and $63,300-$64,000 resistance, while Ethereum and major altcoins showed mixed performance amid broader consolidation.

The Economic Times

Quote of the day by Denzel Washington: 'If I am a cup maker, I’m interested in making...' Life lesson about excellence, purpose and why you should stop comparing your journey with others

Quote of the day by Denzel Washington: Denzel Washington's cup maker quote emphasises internal effort over external judgement. Focusing on creating the best possible work can bring greater satisfaction. This approach helps people handle criticism and reduces their reliance on approval. Building personal standards allows for more consistent progress and…

The Economic Times

UGC-NET retest: Qualifying candidates, subject-wise allocations won't be reduced: NTA sources

The number of qualifying candidates and subject-wise allocations for English, Commerce and Sociology will not be reduced on account of the re-test being conducted for the three UGC-NET papers, NTA sources said on Monday.

The Economic Times

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Global Market: Euro zone bond yields hover near 15-year highs as Middle East war fuels inflation fears

Euro zone bond yields stayed near 15-year highs as Middle East conflict-driven energy inflation raised expectations for ECB rate hikes. Germany’s 10-year Bund yield held around 3.20%, while widening Italy-Germany spreads highlighted growing geopolitical, inflation and fiscal risks across the region.

The Economic Times

India-Thailand joint military exercise 'Maitree' to be held from August 18-31

India and Thailand are conducting Exercise Maitree from August 18 to August 31. This joint military exercise will enhance combined capabilities in counter-insurgency operations. Troops from the Indian Army and Royal Thai Army will participate in this event. The exercise focuses on operations in jungle and semi-urban environments.

The Economic Times

Virat Kohli’s one8 giving fans 18 hours to shop all 180 products

Virat Kohli’s one8 will make its full 180-product collection available on Myntra and one8.com for just 18 hours on August 18. The collection includes sneakers, apparel, accessories, performance footwear, training gear and lifestyle products. The limited-time launch coincides with 18 years since Kohli’s India debut and expands one8’s reach in…

The Economic Times

Quote of the day by Natalie Portman: “When you get older, you realize it's a lot less about your place..." - A powerful life lesson about self-worth and how we see ourselves

Natalie Portman highlights that aging encourages a deeper appreciation for inner confidence. She emphasizes that our self-worth shouldn't be reliant on how others see us. While seeking external validation may offer temporary joy, true satisfaction comes from embracing our own values and understanding ourselves. Cultivating this self-acceptance leads to a…

The Economic Times

Badminton now has become a chess game: Kirsty Gilmour

European champion Kirsty Gilmour views badminton as a mental chess game. She noted significant improvements in the World Championships venue compared to earlier events. Gilmour expressed pleasure at the availability of sanitary napkins in women's washrooms. She praised Scotland for mandating sanitary products in public places. The Scottish shuttler acknowledged…

The Economic Times

Yes Bank makes bond market comeback years after AT1 write-off

Yes Bank is preparing its first dollar bond issuance since its 2020 AT1 debt write-off, planning a benchmark-sized three-year note. The move follows a turnaround, ratings upgrades and Sumitomo Mitsui Financial Group’s 2025 stake purchase. Strong foreign-currency deposit inflows and RBI measures have also boosted Indian lenders’ overseas borrowing activity.

The Economic Times

Festive season hiring expected to generate up to 2.7 lakh gig jobs: Report

India’s festive season is expected to create 2.5-2.7 lakh temporary and gig jobs, with hiring projected to rise 15-20%, Adecco India said. E-commerce, logistics, quick commerce, retail and BFSI will lead demand, with 45% coming from tier-II and III cities.

The Economic Times

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The Economic Times

Greaves Cotton acquires 100% stake in Excel Controlinkage

Greaves Cotton has acquired the remaining twenty percent stake in Excel Controlinkage. This acquisition makes Excel Controlinkage a wholly-owned subsidiary of Greaves Cotton. The deal completes a multi-tranche acquisition process initiated in April 2023. Excel Controlinkage specialises in mechanical and electronic motion control systems.

The Economic Times

Per Annum records over 400% growth in AUM; eyes next phase with 5X workforce expansion

Currently, the firm's P2P lending and fractional real estate sectors are managing more than Rs 1,400 crore. Looking ahead, Per Annum is set to expand its workforce five times and establish new offices, targeting regions with a rising interest in alternative investments.

The Economic Times

Meet Olivia Shekou, the California high school student who raised $90,000 from 17 states to help women and children in Uganda

Olivia Shekou is using sports to fundraise for Ugandan women and children. Her Netting Miracles platform empowers students to lead charitable initiatives. This innovative approach has already supported causes across seventeen states. Shekou's Paddles for Purpose event will further this philanthropic mission. Her work combines sports, youth leadership, and impactful…

The Economic Times

Ensure compliance of CWMA directions on Cauvery water release to TN: Supreme Court to Karnataka

The Supreme Court has directed Karnataka to comply with the Cauvery Water Management Authority's water release order. Tamil Nadu claimed Karnataka was not releasing the mandated water for its farmers. Karnataka stated the picture projected before the court was extremely incorrect. The court posted the matter for August 24, seeking…

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The Economic Times

SpiceJet gets more time as NCLT defers lessors’ bankruptcy cases

The NCLT postponed rulings on SpiceJet bankruptcy petitions after a settlement. The tribunal will issue its order on Wednesday, August 19, after reviewing the agreement. Judges criticized the late notification of the settlement by the airline and lessor. SpiceJet faces ongoing financial and operational challenges amid reduced market share. Disputes…

The Economic Times

From kirana to currency: Small towns are scrambling for dollars

Small towns now lead India's foreign exchange demand, surpassing major cities. This shift indicates rising prosperity and global lifestyle choices among their residents. Consumers from these areas are increasingly spending on international travel and education. This trend reflects a significant evolution in India's domestic consumption patterns. The financialization and digital…

The Economic Times

BJP announces new national office-bearers team under President Nitin Nabin; Smriti Irani, Piyush Goyal among key names, check full list

The Bharatiya Janata Party has announced its new national office-bearers team. Several new faces have been assigned key organisational responsibilities within the party structure. Prominent leaders like Sunil Bansal and Vinod Tawde continue in their national general secretary roles. The party has appointed thirteen national vice presidents and sixteen national…

The Economic Times

Praggnanandhaa draws with Aronian; remains joint 2nd with 3.5 pts

Indian Grandmaster R Praggnanandhaa secured another draw against Levon Aronian in the Sinquefield Cup. He remains in joint second place with 3.5 points as the tournament nears its end. Wesley So of the United States holds the sole lead with four points after his draw. Anish Giri was the only…

The Economic Times

Sania Mirza joins Terra-Invest to Co-Lead future health and sports investments

Sania Mirza has joined Terra-Invest as a co-leader for key investment areas. She will focus on longevity, preventative health, and the sports economy. Mirza brings an operator's perspective to the firm's existing portfolio. Her expertise stems from a decorated two-decade tennis career and entrepreneurial ventures. Terra-Invest believes health and sport…

The Economic Times

Global Market: European shares climb despite geopolitical risks; miners lead gains

European shares edged higher as gains in basic resources and technology stocks offset weakness in defensive sectors. A softer dollar, weaker US economic data and firmer gold prices supported sentiment, while investors continued to monitor Federal Reserve policy expectations, commodity prices and geopolitical risks.

The Economic Times

Airtel prepaid recharge plans changed: Check new options as several plans discontinued, Rs 299 pack removed

Airtel has revised its prepaid recharge portfolio, discontinuing several plans including the popular Rs 299 pack. Users seeking 1.5GB daily data for 28 days will now have to opt for the Rs 349 recharge, while the Rs 859 plan has been repriced to Rs 899. Several other 1.5GB/day and 2GB/day…

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