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The Latest Breaking News from The Economic Times

IPO wave: six companies eye nearly Rs 5,600 cr next week

Anticipation is high in the primary market as six firms prepare to launch IPOs this week, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart. With an increase in public issues, these companies aim to secure funds for growth and development. Following several recent market activities, this wave of IPOs…

The Economic Times

Shah Rukh Khan, Ajay Devgn, Tiger Shroff face FDA notices over pan masala ads; asked to remove promotional posts in 15 days

Maharashtra FDA has issued show-cause notices to Shah Rukh Khan, Ajay Devgn and Tiger Shroff over their endorsement of Vimal Pan Masala/Elaichi advertisements. Citing Section 24 of the Food Safety and Standards Act, the regulator has directed them to remove the promotional content from social media within 15 days, warning…

The Economic Times

Trump's 2024 grocery photo op now haunts Republicans in the midterms

Rising grocery and fuel prices are emerging as a political vulnerability for US Republicans ahead of the November midterms. Despite Donald Trump’s pledge to lower living costs, prices of several staples remain elevated, contributing to voter frustration over affordability.

The Economic Times

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The buck stops somewhere else: A look at Trump's tendency to avoid blame when things go awry

US President Donald Trump has repeatedly blamed predecessors and others for economic, foreign-policy and domestic problems, drawing scrutiny over his approach to presidential accountability. The issue is gaining attention as Republicans prepare to defend their congressional majorities in the November midterm elections.

The Economic Times

Indonesia earthquake: 51 killed, power outages hit 20 petrol stations; thousands evacuate after 7.7-magnitude quake

A magnitude-7.7 earthquake in eastern Indonesia has killed at least 51 people and injured more than 110, prompting the evacuation of around 5,000 residents. Landslides blocked roads, while more than 1,300 homes were damaged.

The Economic Times

BJP leader Biswajit Talukdar arrested for abducting businessman's son in West Bengal's Cooch Behar

A BJP leader was arrested in West Bengal's Cooch Behar district. He allegedly extorted money from vehicles and abducted a businessman's son. The abduction occurred after the family failed to pay the demanded amount. The accused is also accused of regularly collecting money from goods vehicles. Police are investigating the…

The Economic Times

Small, microcaps offer better alpha opportunities; midcaps look expensive: Equitree CIO Pawan Bharaddia

Indian equities may stay supported by a resilient domestic economy, but future returns are likely to depend more on earnings growth than valuation re-rating, says Pawan Bharaddia of Equitree Capital Advisors. He sees alpha opportunities in select small and microcaps, especially those with a ₹1,000–5,000 crore market cap, while largecaps…

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US woman gets emotional as Indian family leaves country to move back to homeland; netizens say this is what we should leave behind

An emotional video capturing an American woman's heartfelt goodbye to her Indian neighbors has taken the internet by storm. As the couple prepared to leave their residence in the US for their homeland, a friend secretly filmed the poignant farewell. The footage beautifully illustrates the deep connections nurtured among neighbors,…

The Economic Times

Zinc Rally: What's drivingprices to record highs and what lies ahead?

Zinc prices have escalated to their highest levels in years on international markets, fueled by supply interruptions and dwindling stockpiles. The robust industrial need, particularly for galvanized steel, is sustaining these elevated prices. Currently, the global zinc market is experiencing a minor shortfall, a trend likely to endure. Looking ahead,…

The Economic Times

414 protected monuments and areas witnessed encroachments; government says appropriate action taken in such cases

India has declared 3,688 ancient monuments as national importance sites. Of these, 414 protected sites have reported encroachments by individuals. The government is taking action under the AMASR Act for their protection. Surveys and geo-referencing of monument boundaries are now complete. This data is uploaded to the Bhuvan Portal for…

The Economic Times

'India deeply values its friendship with Israel': PM Modi thanks Israeli President for Independence Day wishes

Prime Minister Modi thanked President Herzog for warm wishes on India's Independence Day. He emphasized the value of India's friendship with Israel and strategic partnership. Israeli Prime Minister Netanyahu also extended greetings, calling the friendship boundless. Leaders from Australia, Russia, Maldives, France, and Bhutan sent congratulatory messages. These greetings highlight…

The Economic Times

Charting the Global Economy: US CPI softens, UK economy expands

US inflation showed little acceleration in July, reinforcing the Federal Reserve's pause on rate hikes. European economies continued to show resilience, with the UK expanding in June. France also expects to maintain its economic momentum this quarter. Investors favored higher-yield assets in emerging markets.

The Economic Times

Indian Independence Day celebrations in New York tri-state area culminate in Guinness World Record

New York celebrated India's 80th Independence Day with a Guinness World Record event. Over 1,300 US flags formed the number "250" for America's anniversary. This event honored India-US friendship and the Indian-American community's contributions. Various programs across the tri-state area marked the occasion. Prominent landmarks were illuminated in Indian tricolor…

The Economic Times

Vishal Garg, Indian-origin Better CEO who fired 900 employees on Zoom in 2021, sacked 5 years later; here's why

Vishal Garg, the Indian-American entrepreneur, has been removed as chief executive of Better Home & Finance. The company's board cited concerns over his judgment, temperament, and credibility for the decision. Better experienced significant financial losses and a sharp decline in its stock price during his leadership. Garg claims the company…

The Economic Times

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Indian business owners in Australia demand stronger police action after spree of burglaries hit Blair Athol

Several Indian-owned businesses in Blair Athol, Australia, experienced early morning burglaries. Shattered glass doors and destroyed cash registers marked the scenes of these break-ins. Local traders Jaspal Singh and Amarjit Bhamra were among the affected business owners. Krunal Patel noted a significant delay in police arrival after reporting the incident.…

The Economic Times

CAG flags E. coli bacteria in drinking water at Railway stations, cites violation of Railway Board norms

E. coli bacteria was detected in drinking water at several railway stations. Unhygienic conditions were also reported in railway washrooms by the auditor. Many stations lacked essential amenities, including drinking water taps and latrines. Even top-tier stations showed deficiencies in basic passenger facilities. The audit covered a five-year period ending…

The Economic Times

Struggling to maintain the shine of your cast aluminum furniture? Here are few tips to guide you to retain fresh look and renew its sheen

Cast aluminum furniture offers durability and modern design for various spaces. Regular cleaning prevents dullness and protects the furniture's surface over time. A simple routine involving mild soap and water keeps the furniture looking fresh. Applying wax or polish adds shine and a protective layer against elements. Proper care extends…

The Economic Times

Mangaluru KFC outlet sealed following spoiled chicken complaint

Food safety officials raided a KFC outlet in Mangaluru following a customer complaint. The inspection led to the sealing of the establishment's go-down and sample collection. Further action will depend on laboratory findings regarding the collected food samples. In a related drive, officials seized expired chicken and meat from hotels…

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The Economic Times

Sonia, Rahul Gandhi disrespected Vande Mataram: MP CM Yadav; seeks apology

Madhya Pradesh Chief Minister Mohan Yadav accused senior Congress leaders of insulting the national song Vande Mataram. He demanded an apology from Sonia Gandhi and Rahul Gandhi for the alleged disrespect shown. The ruling BJP alleged that the Gandhis and Mallikarjun Kharge disrespected Vande Mataram at an event. BJP leaders…

The Economic Times

Jharkhand student protest: "Don't think I will survive much longer," Prem Nayak on hunger strike alleges Govt apathy

Jharkhand recruitment aspirants plan to intensify their protest over alleged irregularities in JPSC and JSSC examinations, with student leaders announcing a gherao of Chief Minister Hemant Soren’s residence on August 20. They are demanding exam cancellations and a CBI inquiry.

The Economic Times

UFC 330 fight card: Full list of matchups, date, India time, where to watch Islam Makhachev vs Ian Garry and other details

Islam Makhachev defends his welterweight championship against Ian Machado Garry at UFC 330. Mackenzie Dern also defends her strawweight title against Gillian Robertson in the co-main event. The event takes place at the Xfinity Mobile Arena in Philadelphia on August 15. Fans in the United States can watch the fights…

The Economic Times

Ashis Banerjee, former Bengal Dy Speaker, found hanging at TMC office

Former West Bengal Assembly deputy speaker Ashis Banerjee was found hanging at a party office. A purported suicide note was recovered from the office near his residence. Police have sent his body for post-mortem examination to ascertain the cause. Banerjee represented Rampurhat in the state Assembly for many years. Investigations…

The Economic Times

AI could cut doctors' paperwork burden as global health worker shortage looms: Report

Artificial intelligence can ease doctor workloads by handling repetitive administrative tasks. This technology helps address a growing global healthcare worker shortage. AI tools can draft clinical documentation, freeing up valuable physician time. Patients can also benefit as AI helps direct them to appropriate care. Ultimately, AI aims to optimize existing…

The Economic Times

Mitchell Starc, Mehidy Hasan Miraz clash: What happened during Darwin Test moment? Check viral video here

Mitchell Starc and Mehidy Hasan Miraz had a tense exchange during a Test match. Miraz ran through the protected pitch area, drawing an umpire's warning. Starc then verbally warned the Bangladesh batter about the pitch rules. Ricky Ponting suggested Miraz's action was not intentional. Bangladesh finished day two in a…

The Economic Times

Australia gun buyback to start in November, PM Albanese says

New South Wales will begin a gun buyback program in November. This initiative follows a shooting spree that tragically killed fifteen people. Australians are proud of their gun laws, but firearms numbers are increasing. The buyback aims to be the nation's largest since 1996. Individuals returning firearms can receive up…

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