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The Latest Breaking News from The Economic Times

EPF withdrawal rules explained: How many times can you withdraw PF for illness, marriage, education, home purchase and special circumstances?

Latest EPF withdrawal rules: EPFO subscribers can withdraw funds for specific needs like illness and education. Withdrawals for marriage and housing are permitted up to five times. Special circumstances allow advances twice annually under new guidelines.

The Economic Times

Baruipur rape-murder case: Bengal CM Suvendu Adhikari meets victim's family

West Bengal Chief Minister Suvendu Adhikari met the parents of an 11-year-old girl allegedly raped and murdered in Baruipur, assuring them of strict action and capital punishment for the culprits. The victim's body was found on Sunday, leading to protests and the subsequent lynching of a man suspected of involvement.…

The Economic Times

Ram Temple Trust clarifies Champat Rai, Anil Mishra have ceased to be members

The Shri Ram Janmabhoomi Teerth Kshetra Trust accepted resignations from Champat Rai and Anil Mishra. Krishna Mohan was appointed interim General Secretary, with a permanent decision pending. Gopal Nagarakatte was also removed from the specially invited members list. Seers expressed mixed reactions to Champat Rai's departure from the trust. The…

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Phantom Studios drags JioStar to HC over Kangana-starrer 'Queen 2', says it didn't consent to sequel

In a major legal battle, Phantom Studios has sued JioStar India Private Limited, claiming the production of the "Queen" sequel is occurring without their explicit consent. The studio is pursuing an injunction against the film's release alongside a request for damages. They reference an agreement that provides them with 50…

The Economic Times

NFRA begins probe into Rajesh Exports revenue misstatement case

The National Financial Reporting Authority is investigating Rajesh Exports for revenue misstatements. NFRA chairperson Nitin Gupta stressed the need for genuine board independence. He highlighted that human judgment remains essential in financial reporting decisions. AI's influence necessitates critical questioning of its outputs by boards. Effective governance relies on the spirit…

The Economic Times

India objection to WhatsApp username switch gets Somalia backing

In a notable reaction, Somalia stands alongside India in opposing WhatsApp’s latest username feature. This initiative raises alarms about possible rises in online fraud and impersonations. Security officials are particularly apprehensive as it could obstruct their investigations into crime and terrorism. While the feature encourages user connectivity without phone numbers,…

The Economic Times

China's DeepSeek developing its own AI chip

The chip is designed for inference - the stage of AI computing in which a trained model generates responses for users - rather than for training new models, sources said.

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Nigeria to investigate tech firms over news content use

Nigeria's President Bola Tinubu has ordered a probe into major technology companies. The competition regulator will investigate alleged anti-competitive practices and unauthorized news content use. This inquiry examines complaints from Nigerian media groups against Meta, Alphabet, and X. The investigation will assess market dominance and the use of journalistic material…

The Economic Times

Indian state refiners ready for Iran oil if US extends waivers

Indian refiners are exploring Iranian crude purchases if US waivers extend beyond August. They have fully contracted shipments through August, limiting immediate buying options. Refiners may still buy Iranian oil if discounts are significant and competitive. Russia's oil is currently selling at steeper discounts, making Iranian oil less appealing. India's…

The Economic Times

Psychology says shoppers who drink coffee before heading into a store may spend more than they planned; Biswas et al.’ s 2022 experiments found caffeinated shoppers bought more items and spent more

A recent study reveals that caffeine consumption before shopping leads to more purchases. Shoppers consuming caffeinated beverages bought more items and spent significantly more money. This effect was stronger for pleasure-based items than for practical goods. The caffeine amounts used were ordinary, similar to a small cup of coffee. Awareness…

The Economic Times

Psychology of the unanswered notification: People who lose focus the second their phone buzzes aren't weak-willed; a 2015 study found that a notification you never even answer hurts attention as much as using the phone

Even a silent phone notification can disrupt your focus and cause errors. Studies show that simply having a phone nearby reduces cognitive capacity. Notifications increase inattention and restlessness, impacting productivity and well-being. Turning off non-essential alerts removes the trigger for these distractions. Understanding this helps manage interruptions and maintain concentration…

The Economic Times

AI, clean energy push may trigger new commodity supercycle: Report

Investments in artificial intelligence (AI) infrastructure, the global clean energy transition and supply-chain reshoring could trigger a new commodity supercycle, creating long-term opportunities in copper, power infrastructure and electrification-related sectors, according to a Centrum report.

The Economic Times

What happened to Nolan Xavier Wells? Missing 18-year-old Mississippi football player was talking to a girl before vanishing during Fourth of July trip

Nolan Xavier Wells missing: Nolan Xavier Wells, an eighteen-year-old football player, was found dead near Horn Island. He had disappeared during a Fourth of July outing with his friends and was seen talking to a girl before disappearing during Fourth of July trip. An intensive multi-agency search located his body…

The Economic Times

Former Afghanistan pacer Shapoor Zadran dies at 38 after prolonged illness

Former Afghanistan fast bowler Shapoor Zadran has passed away at thirty-eight. He succumbed to a rare immune disorder known as HLH. Zadran represented Afghanistan in forty-four ODIs and thirty-six T20Is. He was a key figure in the country's cricket development. His contributions will remain a significant part of cricket history.

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Beyond metros, beyond giants: Payoneer awards set to honour India's regional export champions

Payoneer India Cross-Border Excellence Awards 2026 celebrate regional exporters across North, South, West and East India, recognising SaaS firms, freelancers and e-commerce sellers. Nominations close 28 July; ceremony on 25 September in New Delhi.

The Economic Times

FIFA World Cup drives prediction market to record high; sports volumes may hit $740 billion by 2030, says Binance Research

The 2026 FIFA World Cup became the largest prediction market event, generating over $5.4 billion in trading volume. Expanded participation, lower-cost markets and AI-driven innovations are accelerating adoption, with annual sports prediction market volumes projected to reach up to $923 billion by 2030.

The Economic Times

Govt employee earning Rs 1,100 salary buys Rs 53 lakh worth assets mostly in wife's name: Madras HC sends wife to jail despite divorce claim

A Tamil Nadu government school employee drawing a starting salary of Rs 1,100 per month quietly accumulated 21 properties, a marriage hall, agricultural land, and household assets worth Rs 53 lakh over 11 years, parking most of it in his wife's name. After a two-decade legal battle, the Madras High…

The Economic Times

Auto components industry expected to grow 8-10% in FY27: ACMA

Experts predict an 8-10 percent growth for India's auto component sector this fiscal year, riding on robust domestic demand and export performance. However, the industry faces challenges, including a trade deficit driven by higher imports of electronics and EV components, as well as labor shortages affecting small to medium enterprises.…

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The Economic Times

Rupee closes at 94.96 vs USD, logs best day in three weeks on NDF dollar sales, bailing shorts

On Tuesday, the Indian rupee experienced its most significant one-day increase in three weeks, driven by heightened dollar selling activity within the non-deliverable forward market. This prompted traders to adjust their positions, marking a reversal of the prior trend in forward market premiums. Additionally, other Asian currencies showed resilience against…

The Economic Times

US court unlikely to reject DOJ bid to drop Adani case, legal experts say

US legal experts say it would be highly unusual for a federal court to reject the Department of Justice's request to dismiss the criminal case against Gautam Adani. The DOJ has argued the prosecution was legally flawed, difficult to prove and inconsistent with Trump administration priorities, while experts say judges…

The Economic Times

Congress says Nehru received Indonesia's highest honour 'without having to wrangle it'

Prime Minister Narendra Modi received Indonesia's highest honor, the Bintang Adipurna medal. This award recognizes his efforts in strengthening bilateral ties between the nations. Congress leader Jairam Ramesh commented on the award received by Nehru. He stated that India's first PM received it posthumously without any struggle. The medal is…

The Economic Times

Singing of national song, anthem made compulsory at all schools in Tripura: CM Manik Saha

Tripura's Chief Minister announced a new mandate for all state schools. The full national song Vande Mataram will now be sung daily. This directive follows guidelines from the Ministry of Home Affairs. The national anthem Jana-Gana-Mana will also be sung after Vande Mataram. This decision aims to foster national pride…

The Economic Times

India emerges as preferred election management partner as Indonesia eyes EVMs

An upcoming agreement between India and Indonesia will enhance cooperation in election technology. This collaboration will enable both nations to share best practices and strengthen their election authorities' capabilities. India's innovative Electronic Voting Machines are earning worldwide recognition, with several countries adopting these technologies along with indelible ink, underscoring India's…

The Economic Times

India follows path of development, not expansionism: PM Modi in Indonesia

Prime Minister Narendra Modi addressed the Indonesian Parliament, highlighting India's commitment to development. He accepted Indonesia's highest civilian honor on behalf of all Indians. Modi spoke of a pivotal phase in the India-Indonesia bilateral relationship. He emphasized shared growth, democratic values, and a common civilizational heritage. The Prime Minister expressed…

The Economic Times

Swiggy shares jump 7% as foreign ownership falls below 50%. What this means quick commerce giant?

Swiggy shares rallied sharply on Tuesday after foreign ownership fell below 50%, taking the company closer to qualifying as an Indian-owned and controlled company. While no immediate operational changes follow, the milestone could eventually allow Instamart to own inventory directly, boosting margins and improving supply chain efficiency.

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