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The Latest Breaking News from The Economic Times

Psychology says people may be willing to pay more when they can use a credit card; a real-auction experiment found higher bids under card payment than cash

Research shows credit cards increase spending compared to cash payments. This occurs because credit cards reduce the perceived pain of paying. Some individuals feel this discomfort more acutely than others. Convenient payment options can encourage higher spending without conscious intent. Tracking spending in real time can promote more mindful financial…

The Economic Times

Psychology says grocery shopping while hungry can affect more than the snack aisle; a 2015 study found hunger increased the acquisition of nonfood items, too

Hunger prompts people to acquire more items, not just food. Studies show hungry individuals desire more nonfood objects like binder clips. This effect was observed in lab experiments and a real department store. Researchers found hunger increases acquisition urges, not simple liking. Eating a snack before shopping can help protect…

The Economic Times

Psychology of ownership says picking up and handling a product can make it feel more like yours before you buy it; Peck and Shu’s experiments found mere touch increased perceived ownership and valuation

Studies reveal that physically touching items fosters a sense of ownership. This psychological effect influences consumer behavior and purchasing decisions significantly. Even imagining touch or seeing others touch products can create a similar feeling. Retailers leverage this by offering hands-on displays and product demonstrations. Awareness of this phenomenon can help…

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Psychology of self-reward says bringing reusable bags to the grocery store doesn't guarantee a purely virtuous cart; research found shoppers also added more indulgent foods

Bringing reusable shopping bags can subtly encourage more indulgent purchases. Research indicates shoppers buy more snacks and sweets when using their own bags. This behavior is linked to a psychological concept called moral licensing. The effect disappears when bag use is mandated rather than chosen. Therefore, personal responsibility influences self-rewarding…

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

23,000-year-old footprints found in New Mexico reveal when first humans came to America: Early settlers arrived during Ice age; evidence rewrites America's origin story

Scientific analysis of 23,000-year-old footprints at White Sands National Park in New Mexico has strengthened the case for an unexpectedly early human presence in the Americas. Using fossilised pollen and quartz grain dating alongside earlier radiocarbon methods, researchers say multiple independent lines of evidence now point to the same ancient…

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.…

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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…

The Economic Times

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.

The Economic Times

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…

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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

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

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.

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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.

The Economic Times

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

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

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.…

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…

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