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The Latest Breaking News from The Economic Times

A 2023 study wanted to find out what really happens when you flip a fair coin; after 350,757 tosses, researchers found that it often lands on the same side it started

A massive experiment revealed coin flips favor the starting side slightly. This finding confirmed a physics model's prediction about coin toss wobbles. The experiment involved many participants and numerous coin flips across different currencies. The same-side bias varied among individuals and decreased with practice. Knowing the starting side could offer…

The Economic Times

‘If they can, why can’t we?’: Navneet draws inspiration from cricket’s World Cup triumph

Navneet Kaur seeks a World Cup title for India's hockey team. She draws inspiration from the women's cricket team's historic victory. The team began their campaign with a draw against China. Kaur feels confident and in the best phase of her career. She guides junior players while focusing on the…

The Economic Times

Samsung Galaxy Z Fold 8 vs Google Pixel 11 Pro Fold: Which foldable should you buy?

The 2026 foldable phone market sees new contenders emerge. Samsung's Galaxy Z Fold 8 and Google's Pixel 11 Pro Fold offer distinct designs. Both devices feature advanced hardware and AI capabilities for users. Samsung prioritizes a wider display and less visible crease. Google focuses on superior cameras and more RAM…

The Economic Times

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L&T bags offshore development project order exceeding Rs 15,000 crore from Middle East client

Larsen & Toubro announced a significant order valued at over Rs 15,000 crore. This contract involves developing multiple offshore facilities in the Middle East region. The company's energy hydrocarbon offshore unit secured this substantial project. Fabrication activities will largely occur at L&T's advanced manufacturing facilities. This development highlights growing investments…

The Economic Times

Ola Electric unveils Shakti energy storage portfolio for homes, businesses and grids

Ola Electric celebrated India's Independence Day with the introduction of its Shakti energy storage series. This groundbreaking lineup incorporates locally sourced LFP battery technology for various uses. Home users can expect the Shakti Gen2 to arrive by November 2026, while the Shakti Rack and Mahashakti for businesses will roll out…

The Economic Times

NITI Aayog proposes regulatory reforms to boost India's professional services exports

Regulatory reforms can unlock India's professional services export potential, according to NITI Aayog. Professional services are a key part of India's growing services economy. The report identified diverse and sector-specific regulatory frameworks as barriers. A four-pronged strategy and sector-specific reforms are proposed to address these issues. These measures could enhance…

The Economic Times

Binance gave Moscow client details used to charge Russian over Ukraine donations, documents show

While it is normal for companies like Binance to comply when law enforcement agencies in countries where they operate make legitimate requests to see client information, the world's largest crypto exchange said in 2023 it had fully exited Russia.

The Economic Times

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Nestle looks to develop new products to serve users of weight-loss drugs

Nestle is developing specialized products for GLP-1 weight-loss drug users. Artificial intelligence aids in analyzing research and identifying nutrient combinations. These new offerings aim to address side effects like muscle loss and facial fat. The company is also exploring ingredients to manage post-treatment appetite increases. This strategic move transforms a…

The Economic Times

Tamil Nadu CM condemns Karnataka forest dept 'killing' three 'Tamils', says explanation unacceptable

Tamil Nadu Chief Minister C Joseph Vijay condemned the killing of three Tamils by Karnataka forest officials. He called the explanation provided by the department unacceptable and demanded a high-level probe. The incident occurred in the Cauvery Wildlife Sanctuary area on August 15. Karnataka Chief Minister D K Shivakumar ordered…

The Economic Times

H-1B visa extension fee unlikely to outweigh cost of losing skilled talent

A new US rule will extend a $4,000 H-1B fee to certain visa extensions from September 9, increasing recurring costs for employers heavily dependent on foreign workers. However, the charge may remain cheaper than replacing experienced skilled employees.

The Economic Times

18-year-old student working as a labourer finds nearly Rs 100 crore gold treasure while digging a sewer

Belgium sewage worker gold discovery: An 18-year-old construction workers in Belgium uncovered gold bars, rare coins, nuggets and numbered bullion worth around 9 million euros (nearly Rs 98 crore) while working on a sewer project. The treasure was hidden inside a bricked-in cellar wall beneath a historic villa.

The Economic Times

RBI's heavy FX footprint revives memories of a tightly managed rupee

The Reserve Bank of India has stepped in, providing crucial support for the rupee amidst global economic uncertainties. State-run banks are actively engaging in dollar sales to ensure currency stability, reminiscent of a time when central bank measures were more decisive. Despite fluctuating oil prices, the rupee remains largely stable,…

The Economic Times

CenturyPly targets Rs 12,000 crore revenue by FY31, sees housing demand and exports driving growth

The company is expanding capacity across plywood, laminates, MDF, and particle board. New manufacturing facilities and branding investments will support this growth. Export opportunities are being actively pursued, especially in laminates. AI and digitisation are integrated to enhance manufacturing productivity and efficiency.

The Economic Times

How a mosquitofish brought in to kill mosquito larvae became major freshwater ecosystem problem

A fish introduced to Hawaii over a century ago now threatens native freshwater wildlife. The mosquitofish, brought to control mosquitoes, now preys on native aquatic insects. These invasive fish have caused significant declines in Hawaiian damselfly populations. Mosquitofish also compete with native gobies and consume endemic crustaceans. Conservation efforts now…

The Economic Times

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The Economic Times

Global market: Japan Q2 GDP misses estimates, but BOJ rate hike bets remain intact

Japan’s second-quarter economic growth missed expectations as weaker household consumption and business investment offset resilient exports. Despite the softer GDP reading, economists expect the Bank of Japan to retain the option of another rate hike, although persistent weakness in domestic demand could encourage a more cautious approach.

The Economic Times

Banking leaders urged to shape reforms as government readies panel for Viksit Bharat 2047

Finance Minister Nirmala Sitharaman said the government will soon set up a high-powered committee to chart the banking sector's role in building a "Viksit Bharat", with the panel set to draw on ideas and research emerging from two days of intensive discussions with banking sector stakeholders. Calling India's banks well…

The Economic Times

Sale deed vs gift deed vs Will: Why witnesses matter differently for each

Do you need witnesses for a registered sale deed? Know what determines the validity of a registered sale deed. Know what the law says

The Economic Times

Rupee falls 17 paise to 95.59 against US dollar in early trade

In early trading, the rupee slipped by 17 paise against the US dollar as investor sentiment turned cautious following the Reserve Bank of India's announcement on its swap facility adjustment. The end of the FCNR (B) deposit facility on August 31 is causing concern among traders, even though prior forex…

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news in one place.

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The Economic Times

NRI life insurance protection plans can be 50–60% cheaper in India: Should you buy here or in your country of residence?

NRIs can buy life insurance in India to protect financial obligations. Additional KYC and underwriting requirements apply for non-resident Indians. Premiums are paid through NRE, NRO, or FCNR accounts, and currency fluctuations matter. Country of residence impacts premiums and underwriting due to risk assessments. The location of financial responsibilities guides…

The Economic Times

India bonds dip as RBI's diaspora swap move dents sentiment

Early Monday saw a dip in demand for Indian government bonds following the RBI's closure of its swap window. This decision caused the benchmark bond yield to surge, hindering a crucial source of demand. Inflows exceeding $52 billion resulted in foreign exchange reserves hitting a four-month peak. Additionally, the surplus…

The Economic Times

Seaplanes in India get an electrifying push with SkyHop Aviation's new deal

SkyHop Aviation, India’s seaplane operator, is exploring electric seaplane deployment with Noemi Aerospace across India and South Asia. SkyHop plans up to 40 aircraft by FY2030, with electric and hybrid seaplanes potentially accounting for 20-25%. The company will initially connect Lakshadweep and mainland India, while evaluating Noemi aircraft for future…

The Economic Times

Customer charged Rs 10 extra for a carry bag: Consumer commission orders Rs 30,000 payout; says retailers like 'Reliance, D-Mart', Zudio must bear cost of making goods deliverable

Zudio has been ordered to pay Rs 30,000 after a Karnataka consumer commission ruled that charging a customer Rs 10 for a carry bag amounts to unfair trade practice and violates the Sale of Goods Act, 1930. The commission also directed the retail chain to immediately stop charging for carry…

The Economic Times

Australia working holiday visa delays: What applicants, including Indians, need to know

Australia has slowed the processing of Working Holiday Maker visas amid a high volume of applications, even as the government reviews its broader migration policy. Home Affairs Minister Tony Burke has confirmed that applications are still being processed, but at a slower pace.

The Economic Times

Sugar stocks Balrampur Chini, Triveni Engineering, Dhampur Sugar and others rally up to 7%. Here’s why

Sugar stocks rallied up to 7% as global sugar prices climbed to multi-month highs, with raw sugar touching 16.6 cents per pound and white sugar hitting a 15-month peak. Domestic prices have surged nearly 10% in a month to around Rs 5,000-5,090 per quintal in Mumbai. Deficient rainfall and expectations…

The Economic Times

Uflex shares surge 16% after Q1 profit zooms 630% YoY

Uflex shares rallied after the company reported a 630% YoY jump in Q1 FY27 net profit to Rs 423.3 crore. Revenue grew 38% to Rs 5,366 crore, while EBITDA surged 92% to Rs 919.8 crore. The EBITDA margin expanded to 17%, marking the company’s highest level in 21 quarters.

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