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The Latest Breaking News from The Economic Times

JMJ Fintech Q1 net profit rises 72.48% to ₹1.97 crore; AUM surges 82%

JMJ Fintech reported a 72.48% year-on-year net profit increase to ₹1.97 crore. Assets under management rose 82.11% compared to the previous financial year. The company launched a new technology-driven lending platform called Money bro. This platform aims to make borrowing faster and more convenient for customers. JMJ Fintech plans to…

The Economic Times

Quote of the day by Langston Hughes: ‘I have discovered in life that there are ways of getting almost…’ – American poet on dreams, determination and finding a way forward

Langston Hughes became a defining voice of the Harlem Renaissance in New York. He wrote poetry, fiction, and essays about everyday Black life. Hughes believed in finding ways to achieve goals through genuine commitment and persistence. His work captured the hopes and frustrations of ordinary people. The poet's journey spanned…

The Economic Times

Quote of the day by Katharine Hepburn: 'If you always do what interests you, at least one person is pleased' - Inspiring lessons on individuality, curiosity and courage from the Hollywood actress and why people should explore their passions and interests

Quote of the day by Katharine Hepburn: Hollywood’s own Katharine Hepburn was a symbol of empowerment and determination, renowned for her ability to break barriers. Winning an unprecedented four Oscars for Best Actress, her impactful career spanned more than sixty years, where she boldly selected roles that challenged the status…

The Economic Times

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Students get hands-on future-ready AI skills at HCLTech and Economic Times masterclass

HCLTech and Economic Times hosted an eight-hour AI Masterclass for engineering students. Around 300 students learned about AI-assisted development and large language models. They explored AI agents and cloud deployments, including AWS Bedrock. Students were encouraged to build AI projects to demonstrate their skills. The masterclass emphasized practical application and…

The Economic Times

KFC rebuts stale-chicken allegations, says it follows FSSAI norms

KFC denied allegations of serving stale chicken following a recent inspection. The fast-food chain stated that its food safety and storage practices meet all required norms. Officials collected chicken samples for laboratory testing after the consumer complaint was lodged. The outlet was instructed to clear its existing chicken stock and…

The Economic Times

UK based employee sold ESOP worth Rs 26 lakh, declared Rs 1 lakh short-term capital loss, Income Tax dept treated it as unexplained gains; He fights and wins case in ITAT Mumbai

UK-based Indian employee sold 1,540 L&T Infotech shares for Rs 26 lakh which he had acquired through ESOPs, declared Rs 1 lakh short-term capital loss; Tax dept treated it as Rs 29.59 lakh unexplained gains; ITAT Mumbai rules in employee's favour. Read the article to know why.

The Economic Times

Zaggle Prepaid Ocean Services crashes 20%, hits lower circuit after Q1 PAT declines 33% YoY

Zaggle Prepaid Ocean Services shares hit the lower circuit after the company reported a sharp year-on-year decline in Q1FY27 profit, despite strong revenue growth. Margin pressure from Dice acquisition-related expenses weighed on earnings, while the company continues to focus on integrating acquisitions, scaling AI and expanding its fintech offerings.

The Economic Times

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Puravankara shares rally up to 13% after Q1 revenue jumps 62% YoY; EBITDA margin expands to 25%

Puravankara shares rose sharply on Monday after Q1FY27 revenue jumped 63% YoY to Rs 877 crore, while PAT turned positive at Rs 25 crore and EBITDA margin expanded to 25%. Pre-sales rose 28% to Rs 1,439 crore, with collections up 40% YoY.

The Economic Times

223% return on SGB premature redemption date today: Gold bond turns Rs 1 lakh investment into nearly Rs 3.23 lakh in 5 years

Gold bond rate: The Reserve Bank of India has established the early redemption price for a certain gold bond series. Investors have the option to redeem these bonds five years post-issuance. The redemption amount is determined by the average gold price over the three business days leading up to redemption.…

The Economic Times

Quote of the day by Spanish poet Luis Cernuda: ‘If I do not know you, I have not lived; If I die without knowing…’ – on love, desire and the search for a meaningful life

Spanish poet Luis Cernuda explored desire and reality in his influential Generation of '27 works. His poetry openly addressed homosexual desire, facing significant social consequences at the time. The Spanish Civil War led Cernuda into lifelong exile, impacting his artistic perspective. He taught in Britain and the United States before…

The Economic Times

Global Market: China, Hong Kong stocks rise as chipmakers rally on strong earnings

Chinese and Hong Kong equities advanced, led by technology and semiconductor stocks following strong corporate earnings, while consumer and liquor stocks weakened. Investors remained focused on key economic data for clues on domestic demand and the broader health of China’s economy.

The Economic Times

Shehzad Poonawalla resigns from BJP, cites financial and personal circumstances

Shehzad Poonawalla has again submitted his resignation from all BJP posts. He thanked Prime Minister Modi and other senior party leaders for their guidance. Poonawalla expressed gratitude for the opportunities provided by the party and Sangh Parivar. He had previously offered to resign in July 2026 due to personal circumstances.…

The Economic Times

UGC-NET 2026: Rahul Gandhi questions NTA over cancellation of 3 papers

In a passionate address, Rahul Gandhi has condemned the Modi government for its handling of the UGC-NET re-exams. He insists that the National Testing Agency must be responsible for the oversight, impacting countless candidates who have prepared for years. With retests scheduled for English, Commerce, and Sociology, Gandhi argues that…

The Economic Times

NMDC shares decline 4% after Q1 results. Should you buy, sell or hold the stock?

NMDC shares fell 4% despite a 2% YoY rise in Q1FY27 profit to Rs 2,007 crore, while revenue increased 2% to Rs 6,795 crore. Iron ore production jumped 26% to 151.17 lakh tonnes, but sales rose just 2% to 117.30 lakh tonnes. Ore transferred for pellet job work increased 46%…

The Economic Times

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The Economic Times

Farmer quit intensive wheat farming nearly 40 years ago in protest, then nature took over & turned his 377-acre land into wildlife haven

Nearly 40 years ago, an English farmer made the decision to stop intensive wheat farming, paving the way for the Strawberry Hill nature reserve. This 377-acre sanctuary has now achieved permanent protection thanks to a successful fundraising drive. The former farmland is flourishing with wildlife, including endangered species like nightingales…

The Economic Times

English proverb of the day: ‘Strike while the iron is hot’ — Why do timing and decisive action matter so much? A life lesson on capturing the moment with situational awareness

Recognizing opportune moments and acting swiftly is vital for positive outcomes. Hesitation often leads to missed chances and lost momentum in life. This principle applies to career, business, and personal relationships effectively. Situational awareness and preparation meet opportunity when favorable windows appear. Decisive action before moments cool down ensures the…

The Economic Times

PhysicsWallah shares rally 8% after Q1 loss narrows, revenue rises 24% YoY. Should you buy?

PhysicsWallah shares gained sharply after the edtech company reported improved Q1FY27 performance, with revenue rising and losses narrowing year-on-year. Brokerage JM Financial viewed the quarter positively and maintained a bullish stance, citing strong online growth, improving profitability and growth prospects.

The Economic Times

Inherited mother's land, converted it into business stock, and invested over Rs 5 crore in a new home; ITAT Surat grants Section 54F tax exemption relying on a 1983 CBDT circular; Know why

Son inherited 50% of mother’s land and took it in his real estate business as business stock; brought an even larger plot for Rs 2 crore claimed Section 54F tax exemption; tax dept denies it; Here’s how a 1983 CBDT circular (No. 359 dated May 10, 1983) helped him win…

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The Economic Times

How India's digital infrastructure opened global markets to Indian investors

Indian residents' outward remittances have significantly increased, reaching a record USD 31.73 billion by FY2023-24. Digital reforms and infrastructure upgrades have streamlined the process for investing abroad. Online Form A2 submissions and remote identification now allow faster transactions. Recent changes have removed value caps and widened permissible remittance purposes. These…

The Economic Times

Alluri Sitarama Raju Airport welcomes first flight with water cannon salute; passengers praise infrastructure

Flight operations began at Bhogapuram airport today after its inauguration. Passengers arriving from Hyderabad shared positive experiences with the new facilities. The airport offers modern technology and traditional cultural elements for travelers.

The Economic Times

Lakshmi Mittal ArcelorMittal's Kryvyi Rih plant, Ukraine's largest steel facility, hit by Russian missile; 2 killed

A Russian missile strike hit ArcelorMittal Kryvyi Rih in Ukraine, killing two people and injuring 14. The attack partially disrupted operations at the steel plant owned by billionaire Lakshmi Mittal. The strikes came as Ukraine launched a major drone attack on Russia.

The Economic Times

NFO Insight: ITI Multi Asset Allocation Fund opens for subscription. Should investors buy amid 22% drop in category inflows?

The ITI Multi Asset Allocation Fund has launched its subscription phase, presenting an option for diversified investments. However, this fund arrives in a sector that’s currently facing diminished investor enthusiasm. Financial analysts urge potential investors to approach new fund offers with caution unless exceptional opportunities arise. Multi-asset funds are designed…

The Economic Times

India's aim to become global manufacturing hub by 2047 requires focused strategy: Niti Aayog

Niti Aayog identified key sectors for India's manufacturing growth by 2047. Chemicals, textiles, telecom, and solar PV are crucial for industrial acceleration. Addressing challenges like import dependence is vital for global leadership. A coordinated approach will drive manufacturing's central role in India's future.

The Economic Times

Best aggressive hybrid mutual funds to invest in August 2026

If you are bothered about the uncertainties and volatility in the market, you can consider investing in aggressive hybrid mutual funds. Mutual fund advisors typically recommend aggressive hybrid fund schemes to ‘conservative’ equity investors to create wealth to achieve their long-term financial goals.

The Economic Times

Iran warns of escalating sanctions, market inflation; says enemy wants to compensate for defeat in economic war

Iran's First Vice President warns of economic warfare after military standoffs. He stated that adversaries seek to exploit inflation and provoke social discontent. Iran remains committed to international law but will protect its rights and achievements. The government must counter economic pressure through national unity and planning. Improving livelihoods and…

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