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The Latest Breaking News from The Economic Times

MobiKwik shares surge 8% after the company gets RBI nod for payment aggregator license

One MobiKwik Systems shares surged after the company received in-principle RBI approval for its Payment Aggregator-Physical licence, strengthening its offline merchant payments business. The fintech firm also reported a return to profitability in Q4 FY26, supported by revenue growth and improving operational performance across its merchant ecosystem.

The Economic Times

In 1887, a father trying to fix his son’s rough tricycle ride led to the breakthrough invention that changed modern travel

A father's simple desire for his child's comfort led to a world-changing invention. John Boyd Dunlop's pneumatic tire transformed bumpy tricycle rides into smooth journeys. This innovation soon made bicycles safer and more practical for everyone. Later, it significantly improved comfort and feasibility for early automobiles. Dunlop's timely commercialization of…

The Economic Times

RBI, rating firms assess Iran war risks on Indian companies

The Reserve Bank of India is proactively assessing potential borrower stress due to the US-Iran conflict, engaging with local credit rating agencies. Discussions focused on evaluating ground conditions and the need for temporary regulatory relief to safeguard creditworthiness. Authorities aim to prevent economic growth from being hampered by any emerging…

The Economic Times

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SC notice to Centre on plea alleging 'vague' definition of wetland

The Supreme Court has asked the Centre to explain the definition of wetlands. A petition claims the current definition is vague. This vagueness reportedly excludes many important wetland sites from protection. The court is examining if the definition violates constitutional rights. Responses are expected by August 10. This legal challenge…

The Economic Times

CBSE OSM controversy: After Vedant’s viral complaint, board acknowledges answer sheet error

A Delhi student's claim of receiving the wrong Physics answer sheet after CBSE's Class XII results proved true, with the board acknowledging a technical glitch and sending the correct script. This incident highlights concerns surrounding CBSE's new On-Screen Marking system, which has faced other complaints this year.

The Economic Times

SC notice to Centre on plea alleging 'vague' definition of wetland

The Supreme Court has asked the Centre to explain the definition of wetlands. Petitioners argue the current definition is vague and excludes many important sites. This could remove protection from ecologically sensitive areas. The court is reviewing the constitutional validity of the definition. A response is expected by August 10.…

The Economic Times

Nomura Asset, Capital Group, others buy 5.3% stake in Premier Energies for Rs 2,291 cr

Global financial institutions and Indian mutual funds have bought a 5.3 percent stake in Premier Energies. The deal involved promoters selling shares worth over Rs 2,291 crore. This investment comes as Premier Energies secured significant orders for solar cells and modules. The company is expanding its manufacturing capacities for cells…

The Economic Times

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RCB vs GT Playing 11 Prediction: Check probable playing 11 and head-to-head for today's prediction for today's Qualifier 1

RCB vs GT Qualifier 1 Playing 11: Royal Challengers Bengaluru and Gujarat Titans clash in IPL 2026 Qualifier 1 at Dharamsala. Both teams finished level on points, highlighting their consistent playoff runs. This marks their maiden playoff encounter, with the winner advancing directly to the final.

The Economic Times

Delhi High Court sets aside stay on eviction notice to Delhi Race Club

The Delhi High Court granted the Centre's appeal. An order staying a show-cause notice for the Delhi Race Club's eviction has been set aside. The club faces eviction from its 84-acre Lutyens' Delhi premises. The Centre claims the club is in unauthorised occupation. The lease deed expired in 1994. Proceedings…

The Economic Times

Student's brother credits 'online' support for CBSE's intervention in answer sheet swap row

A CBSE student's physics answer sheet mix-up gained traction online. The board has now contacted the family and provided the correct answer sheet. The student's marks have increased, but a re-evaluation is planned due to perceived irregularities. This incident highlights the need for a formal system to address student grievances…

The Economic Times

Ranveer Singh banned by FWICE over Farhan Akhtar's Don 3: What does it mean for the Dhurandhar actor?

The Federation of Western India Cine Employees (FWICE) has issued a non-cooperation notice against Ranveer Singh, impacting over four lakh members. This follows his last-minute exit from Farhan Akhtar's "Don 3," with producers claiming over Rs 45 crore spent in pre-production. The directive, while not a legal ban, could disrupt…

The Economic Times

Nasdaq gets SEC nod to list Bitcoin index options. Here’s why it matters

The SEC has greenlit Nasdaq's Bitcoin index options, a significant move integrating Wall Street with digital assets. These cash-settled, European-style contracts offer US equity traders a new avenue for Bitcoin exposure, distinct from spot ETF options. While approved by the SEC, final clearance from the CFTC is pending before trading…

The Economic Times

Nandan Nilekani's Fundamentum bets big on AI, deeptech with Rs 3,000 crore purse

Fundamentum Partnership has launched F2A, a Rs 3,000 crore frontier-tech investment platform focused on AI and deeptech startups. The firm will invest between Rs 40-90 crore in 12-15 companies over three years, targeting commercialization-stage businesses in sectors like semiconductors and robotics where India has strategic advantages.

The Economic Times

Nandan Nilekani's Fundamentum bets big on frontier tech with Rs 2,000 crore fund for AI, deeptech

The Economic Times

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IT still a question mark; 6 sectors where Envision Capital's Nilesh Shah is actually putting money

Nilesh Shah, MD and CEO of Envision Capital, is buying through market volatility but steering clear of IT, questioning the validity of current business models amidst AI's disruptive potential. He highlights six sectors poised for growth, including digital platforms, D2C brands, and defence hardware, while seeing AI as a tailwind…

The Economic Times

Quote of the day by Sam Kerr: ‘There's one thing that drives me to eat well, look after my body and…’ – The Matildas’ captain reveals her mindset behind relentless ambition

Sam Kerr, a football icon, reveals her driving force is winning. This ambition shapes her daily life, pushing her through challenges. Her philosophy emphasizes consistency during setbacks. This mindset is crucial for success in any field, not just sports. It highlights the power of purpose in overcoming hardship and achieving…

The Economic Times

Hungrier to go one step further as series win against India a boost: Wolvaardt eyes T20WC crown

South Africa's captain Laura Wolvaardt expressed the team's heightened desire for an ICC title after successive near-misses, fueled by a recent series win over India. Reaching back-to-back T20 World Cup finals has intensified their hunger to finally cross the final hurdle and clinch the trophy.

The Economic Times

Social Security payments coming on May 27: Who gets payment this week? Check eligibility, full schedule and more

The Social Security Administration will send out the last batch of May 2026 benefits on Wednesday, May 27. Recipients born between the 21st and 31st of the month will receive their payments then. This includes retired workers, SSDI recipients, and survivor benefit recipients. Other beneficiaries received their payments earlier this…

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The Economic Times

B2B quick commerce startup Fairdeal raises $15 million from Bertelsmann India, others

B2B quick commerce platform Fairdeal.Market has secured $15 million in a funding round led by Bertelsmann India Investments. The company aims to deliver over 1,000 SKUs to kirana retailers within 60 minutes using a dark store model.

The Economic Times

Twisha Sharma death: Police followed due process, handed probe to CBI on family's request, says DGP

Madhya Pradesh DGP Kailash Makwana stated police followed procedures in the Twisha Sharma case. He confirmed the state recommended a CBI probe at the family's request. The CBI has re-registered an FIR against Twisha's husband and mother-in-law. Makwana further discussed efforts to make Madhya Pradesh Naxal-free and plans to fill…

The Economic Times

HPCL, Tata Motors partner for used lubricant pilot project

Hindustan Petroleum Corporation Ltd and Tata Motors have joined forces for a pilot project. This collaboration aims to create an organized system for managing used automotive lubricants. The initiative will focus on collection, storage, and recycling of this hazardous waste. It supports India's Extended Producer Responsibility framework.

The Economic Times

OpenAI's Sam Altman says AI unlikely to lead to 'jobs apocalypse'

OpenAI CEO Sam Altman stated AI will not cause a global jobs apocalypse. He admitted his fears about white-collar job losses were exaggerated. Altman highlighted the irreplaceable human element in many jobs. He believes the future job market will be different than initially predicted.

The Economic Times

Money laundering case: Court sends 'godman' Ashok Kharat in judicial custody

Self-styled godman Ashok Kharat has been sent to 14-day judicial custody. He faces money laundering charges involving over Rs 47 crore. The Enforcement Directorate arrested Kharat last week. He is accused of orchestrating an extortion racket and laundering money through benami bank accounts. Kharat allegedly opened 60 accounts using devotees'…

The Economic Times

Mumbai University First Merit List for UG Admission 2026 out at mu.ac.in; second, third merit list dates & admission process

Mumbai University merit list 2026: Mumbai University has released the first merit list for undergraduate admissions for the 2026-27 academic session. Students applying for BA, BCom, and BSc courses can now check their admission status through the university’s official website and respective college portals. Candidates selected in the first round…

The Economic Times

One more AIADMK MLA quits; Palaniswami camp asks TN Speaker not to accept resignation of 3 party MLAs

A fourth AIADMK MLA resigned from the Tamil Nadu Assembly. This follows three other resignations, with the AIADMK faction urging the Speaker not to accept them. Accusations of horse-trading have surfaced. The ruling TVK government is alleged to be encouraging these moves. The Congress party expressed concern over such practices.…

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