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The Latest Breaking News from 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

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

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

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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…

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…

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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

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…

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

India's solar module capacity surges, but upstream manufacturing lags: NITI Aayog

India's solar cell and module manufacturing capacity has grown significantly. However, the nation still imports essential upstream components like polysilicon. China dominates global photovoltaic manufacturing, supplying most of India's imports. India's solar capacity is expanding, requiring greater domestic component production. Expanding from polysilicon to cell manufacturing is critical for future…

The Economic Times

Swiggy launches 24x7 AI assistant Guru for restaurant partners

Swiggy has introduced Guru, an AI-powered business assistant for its restaurant partners. This platform offers 24x7 support and data-driven decision-making capabilities. Guru helps manage operations and improve sales through a conversational interface. It analyzes sales funnels and provides actionable performance insights. The assistant supports over 20 vernacular languages for wider…

The Economic Times

Anand Mahindra is motivated by 20-year-old sprinter Shravani Sangle, who beat China in a 0.10-second thriller: 'Art of the possible'

Anand Mahindra is motivated by Shravani Sangle's remarkable performance at the Asian U23 Athletics Championships, where she delivered an electrifying finish in the mixed 4x400m relay against China. Sangle also won gold in the women's 4x400m relay and bronze in the 400m hurdles. She credits her success to her coach,…

The Economic Times

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Birth certificate for NRIs: Why this document matters more than ever

India's birth certificate has become an indispensable document for its citizens. Recent regulations stipulate that birth registrations are mandatory for obtaining passports and various services. This alteration especially affects Non-Resident Indians facing challenges with overseas births. Any delayed registrations will now necessitate approval from a judicial authority or magistrate. Thus,…

The Economic Times

Ram Temple donations row: SC asks SIT to conclude probe expeditiously, file status report

The Supreme Court has directed an SIT to expedite its investigation into alleged donation embezzlement. This probe focuses on the Ram temple in Ayodhya and aims for a swift conclusion. The SIT must file a sealed status report detailing its progress to the court. The court will consider suggestions for…

The Economic Times

The 60-day deadline for an Iran peace deal is expiring. Here's where things stand

As the deadline for a resolution on the US-Iran nuclear deal has passed without any advancements, both countries remain firmly entrenched in their positions related to the Strait of Hormuz. Following the collapse of the interim agreement, tensions have de-escalated, yet Iran demands the lifting of blockades and reparative actions,…

The Economic Times

Sunil Singhania-led Abakkus Mutual Fund crosses Rs 10,000 crore in AUM with nearly 2 lakh investors

Sunil Singhania-led Abakkus Mutual Fund has crossed the Rs 10,000 crore AUM milestone less than a year after launching its first scheme in December 2025. The fund house now has more than 1.91 lakh investors and manages three equity schemes along with a Liquid Fund.

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The Economic Times

ArcelorMittal to restore Ukraine plant after missile strike kills 2, injures 13

Following a missile attack, ArcelorMittal is taking steps to rehabilitate its Ukrainian steel facility, an incident resulting in two fatalities and thirteen injuries. Significant damage was reported to essential production areas, causing partial operational disruptions. Experts are currently evaluating the damage and possible recovery methods, while the company is also…

The Economic Times

Quote of the Day by Andrew Jackson: ‘There is no pleasure in having nothing to do; the fun is having lots to do and not doing it’

Andrew Jackson quote of the Day: There’s a bizarre enjoyment that comes with procrastination, especially when multiple tasks loom over us. It's almost delightful to postpone duties while knowing they demand our attention. Andrew Jackson, renowned for his leadership in military and political realms as the seventh President, succinctly expressed…

The Economic Times

Left BJP as I got no space to function in it: Actor S Devan

Actor S Devan has left the BJP, stating he lacked sufficient functioning space. He felt neglected after being removed from a vice president position without communication. Devan aimed to improve the BJP's image among minorities and other communities. He plans to reactivate his political organization, the Kerala People's Party. Devan…

The Economic Times

When a US aircraft carrier collided with a Soviet nuclear submarine in the Sea of Japan amid fears of World War 3

In 1984, the US aircraft carrier USS Kitty Hawk collided with the Soviet nuclear-powered submarine K-314 in the Sea of Japan during a tense Cold War military exercise. The submarine had been tracking the American carrier group when it surfaced in Kitty Hawk’s path. Both vessels were damaged, but neither…

The Economic Times

Quote of the Day by Barack Obama: ‘It's important to make sure that we're talking with each other in a way that heals, not in a...’ – How words heal and shape feeling of unity? Ex-US President’s powerful wisdom on need for empathy and respect

Barack Obama advocates for the power of healing conversations to strengthen communities and enhance relationships. His message promotes empathy and respect in every interaction, which serves as a guiding principle in fostering understanding and connection. By opting for kindness in our words, we can resolve conflicts more efficiently and transform…

The Economic Times

Sunil Singhania-backed Abakkus Flexi Cap Fund increases stake in RIL, Vedanta Power and 32 others

Sunil Singhania-backed Abakkus Flexi Cap Fund increased its exposure to Reliance Industries, Vedanta Power and 32 other stocks in July. The fund added shares of NTPC, Edelweiss Financial Services, Vedanta Aluminium Metal, SBI, HDFC Bank and ICICI Bank, while trimming three holdings and exiting Bank of Baroda.

The Economic Times

Place aluminium foil in your sink to prevent clogs: How to use this hack to keep drain problems away

Place aluminium foil in your sink to prevent clogs: Simplify your kitchen routine with a handy aluminium foil hack designed to make waste collection easier. By shaping foil into a temporary catcher inside your sink strainer, you can collect loose tea leaves and small food scraps with ease. This can…

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