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The Latest Breaking News from The Economic Times

Is America behind Pakistan, Saudi Arabia, Turkey Mecca defence pact? Here’s what US President Donald Trump said on 'Islamic NATO'

Pakistan, Saudi Arabia, Turkey Defence Pact: US President Donald Trump has welcomed the Mecca Joint Defence Agreement signed by Saudi Arabia, Turkiye and Pakistan, calling it an important step towards stronger regional security. Describing the agreement as a "BIG, BOLD, IMPORTANT FIRST STEP", he said he was "very happy" that…

The Economic Times

Monsoon no longer an off-season for Goa as tourist footfall rises

Goa welcomed over 61 lakh visitors from January to July this year. July alone showed a notable year-on-year increase in tourist arrivals. The state is actively diversifying its tourism offerings beyond beaches. Efforts focus on wellness, heritage, and MICE tourism for year-round appeal. Enhanced international connectivity and new markets are…

The Economic Times

Horizon Industrial Parks’ Rs 2,600 crore IPO opens. Check GMP, price band and other key details

Horizon Industrial Park IPO GMP: Horizon Industrial Parks’ Rs 2,600 crore IPO opened for bidding on August 17 and will close on August 19. The issue has a price band of Rs 57–Rs 60 and a GMP of Rs 4, implying a 6% premium. The company plans to use Rs…

The Economic Times

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Behari Lal Engineering allotment likely today; GMP at 30%. Here’s how to check status

Behari Lal Engineering's IPO allotment for its ₹302-crore issue is set to be finalized today. Investors can check status via the registrar's site or BSE/NSE portals. The stock's GMP is around 30%, signaling expectations of a solid listing pop.

The Economic Times

Global AI investment $1 trillion in 2026, to reach 1.4% global GDP by 2028: Goldman Sachs

Global investment in artificial intelligence is projected to reach around $1 trillion in 2026, with AI-related capital expenditure expected to remain robust in the near term, according to Goldman Sachs Research. The investment is forecast to rise from 0.9 per cent of global GDP in 2026 to 1.3 per cent…

The Economic Times

Powerball jackpot rises to $35 million for August 17 drawing - Here's what Monday night's winner could take home

Powerball jackpot: The Powerball jackpot has climbed to an estimated $35 million for Monday's drawing. No ticket matched all six numbers in Saturday's drawing, increasing the prize. Previous major jackpots were won in Illinois, North Carolina, and Arkansas this year. Players can win one million dollars by matching five white…

The Economic Times

Shiprocket IPO allotment likely today; GMP signals 33% listing gain. Here’s how to check status

Shiprocket IPO allotment is expected to be finalised today after the Rs 1,617.48-crore issue received a strong response, with overall subscription reaching 99.38 times. With the GMP at around Rs 32, or 33% above the upper price band, investors are eyeing a strong listing. Here’s how applicants can check their…

The Economic Times

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Indonesia quake leaves 12,800 displaced as survivors camp outdoors and wait for aid

Thousands displaced by a powerful earthquake in eastern Indonesia await much-needed aid. Many residents slept outside for a second night, fearing aftershocks and damaged homes. Local residents expressed frustration with a perceived lag in government assistance and supplies. The Indonesian Air Force is airlifting emergency aid, including food and water.…

The Economic Times

Picture perfect quarter? Nifty profit growth hits a 10-quarter high, but 5 stocks do the heavy lifting

Nifty firms have recorded their most impressive profit growth in a decade, boasting significant contributions from five leading companies, ONGC and Reliance among them, which accounted for sixty percent of this spike. Key sectors like metals and oil have made remarkable profit recoveries during this time, and broader market segments,…

The Economic Times

Maharashtra govt forms panel to tackle Chakan industrial belt’s infrastructure crisis

Maharashtra government formed a high-level panel to resolve infrastructure issues in Chakan. Companies threatened relocation due to potholed roads and traffic congestion problems. Deputy Chief Minister Eknath Shinde directed immediate pothole repairs and modern repair technologies. The government will provide land for essential facilities and expedite development plans. A 10-month…

The Economic Times

Hyderabad-born MIT astronomer Rohan Naidu, who dropped out of engineering at 18 & loves Test cricket, is behind the 'Black Hole Star' discovery

Black Hole Star: A Hyderabad-born astronomer and fellow scientists have identified a possible ‘black hole star’ using the James Webb Space Telescope. The object, MoM-BH-1*, may represent a new type of astrophysical source. It appears like a star but is powered by a central black hole. The discovery could help…

The Economic Times

US regulator approves bank charter for Trump-backed crypto company World Liberty Financial

The charter, if ultimately approved at a later date, would allow World Liberty, through the newly created trust bank, to manage ‌and hold assets on behalf ⁠of customers ⁠and settle payments faster. It does not generally permit deposit-taking or lending like traditional banks.

The Economic Times

'May become offensive': IRGC deputy signals shift in Iran's military doctrine

US Iran war: Tehran's military doctrine is shifting towards an offensive posture, preparing for transformative approaches. The armed forces will take necessary action at the appropriate time. Adversaries are warned to anticipate strategic surprises from Tehran. Iran's new commander emphasizes maximum deterrence and proactive threat neutralization. Parliament Speaker Ghalibaf declared…

The Economic Times

ETMarkets Smart Talk | Dhawal Dalal’s fixed-income playbook: Stagger bond bets, favour AAA debt

While the near-term rate outlook remains uncertain amid global inflation and energy price risks, the fixed-income landscape continues to offer opportunities across select segments.

The Economic Times

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The Economic Times

Stripe clinches over $7 billion deal to buy AI firm OpenRouter

The deal, just months after OpenRouter raised money at a reported $1.3 billion valuation, underscores the demand from businesses to find the most cost-friendly AI solutions. It could also give Stripe, a payments processing firm, a stronger footing in the fast-growing artificial intelligence sector.

The Economic Times

TMC paid Rs 160 crore to aviation firm, related entities for jet and helicopter: ED

The Enforcement Directorate is investigating Rs 160 crore transferred from TMC accounts to an aviation firm. This probe includes Rs 82.96 crore routed to a new entity and aircraft purchases. The agency is examining an Rs 88.5 crore interest-free security deposit paid by the party. The Supreme Court declined to…

The Economic Times

Bihar temple stampede: At least seven killed, several injured in incident at Ashokdham Temple

Bihar Ashok Dham Temple Stampede: Seven people died and others were injured in a stampede at Ashokdham Temple in Bihar. An unprecedented surge of devotees caused the deadly incident after two trains arrived. The physical pressure of the gathering led to barricading failure and people falling. Injured individuals were shifted…

The Economic Times

Molbio Diagnostics shares list at 21% premium over IPO price on BSE, NSE

Molbio Diagnostics Share Price: Molbio Diagnostics made a strong stock market debut, listing at a 21.44% premium over its IPO price of Rs 807. The Rs 939.70 crore IPO was subscribed 70.26 times, led by QIBs. The company plans to use IPO proceeds to expand its R&D, manufacturing infrastructure and…

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The Economic Times

Lalithaa Jewellery Mart's Rs 1,700-cr IPO opens: GMP signals 15% premium. Should you subscribe?

Lalithaa Jewellery Mart IPO GMP: Lalithaa Jewellery Mart has fixed the IPO price band at Rs 190–Rs 201 per share. The Rs 1,700-crore issue comprises a fresh issue of Rs 1,200 crore and an offer for sale (OFS) of Rs 500 crore by promoter and founder Kiran Kumar Jain.

The Economic Times

Chandrasekaran, Noel Tata separately briefed govt on rift, concerns before chairman's exit

Tata leaders recently updated government officials on internal conflicts and strategic rifts within the conglomerate. Issues concerning business initiatives, appointments, and Air India’s financial woes were highlighted. Following Noel Tata's visit to Delhi, speculation about leadership succession and his role at Trent emerged. The government's historical ties with the Tata…

The Economic Times

FIR sought against Sonia, Rahul Gandhi over alleged Vande Mataram disruption

A complaint seeks an FIR against Sonia and Rahul Gandhi for alleged disruption. The incident reportedly occurred during the National Song's rendition on August 15. Video footage and media reports are cited as evidence for the allegations. The complaint references a proposed bill concerning insults to national honor. Police are…

The Economic Times

Quote of the Day by Elaine Scarry: ‘To have great pain is to have certainty; to hear that another person has pain is to have doubt’

Quote of the Day by Elaine Scarry presents a thought-provoking exploration of the disconnect between our personal experience of pain and our ability to validate the suffering of others. Her analysis reveals how physical suffering informs our language and empathy, noting that invisible pain complicates this understanding. Scarry's insights are…

The Economic Times

Dhoot Transmission shares make strong debut, list at 38% premium over IPO price

Dhoot Transmission Share Price: Dhoot Transmission shares debuted strongly on Dalal Street, listing at a premium. The company plans to use IPO proceeds for debt reduction and expansion. Funds will also support subsidiaries and new manufacturing facilities. Dhoot Transmission is a key player in automotive wiring harnesses, serving EV platforms.…

The Economic Times

Bangladesh expose the cracks in Australia’s ageing Test machine

Australia suffered a humiliating nine-wicket loss to Bangladesh in Darwin. This defeat has accelerated calls for regeneration of the ageing Test team. Opener Jake Weatherald and Marnus Labuschagne are reportedly in the firing line. Former captain Ricky Ponting believes tough decisions are now necessary for the squad. Selectors may look…

The Economic Times

BGMI Lite Krafton confirms India launch: Release date, features, system requirements, download size and what we know so far

BGMI Lite Krafton: Battlegrounds Mobile India Lite is set to make its debut in India by the end of 2026, as confirmed by Krafton India. This streamlined version aims at catering to gamers using budget-friendly and older smartphones. Insights from PUBG Mobile Lite suggest exciting features for BGMI Lite. Stay…

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