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The Latest Breaking News from The Economic Times

Big relief to taxpayers with undisclosed foreign assets: CBDT notifies Foreign Assets of Small Taxpayers disclosure scheme rules; Know who can use it by December 31, 2026

Good news: Save huge tax penalty as CBDT notifies Foreign Assets of Small Taxpayers disclosure scheme rules; Know who can use it by December 31, 2026. Know how much tax you need to pay.

The Economic Times

Josh Kushner’s Thrive Fund grows sevenfold to $3.7 billion on AI bets

The letter highlights an investing strategy that Thrive pioneered in the venture capital industry: concentrating on a small subset of companies, rather than indexing an entire market. While many VC firms spread bets across dozens of companies, Thrive’s strategy is much more focused.

The Economic Times

Census 2027: Caste, Aadhaar, voter ID among 40 questions in Phase 2

Census 2027 will record caste as declared by respondents for the first time. New questions include bank accounts and Covid-19 vaccination locations. Parents' details and nationality will also be collected during enumeration. This data collection aims to provide a broader population picture. Aggregated data will remain confidential and not used…

The Economic Times

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"Warm congratulations to India": Chinese Ambassador to India Xu Feihong attends Independence Day celebrations at Red Fort

On India's 80th Independence Day, China's Ambassador Xu Feihong offered heartfelt congratulations, showcasing international camaraderie. Despite the rainy weather, the Indian Embassy in Beijing conducted a dignified ceremony. In Shanghai, Consul General Pratik Mathur celebrated with an enthusiastic crowd, undeterred by typhoon conditions. These gestures highlighted India's rising significance on…

The Economic Times

Mahua Moitra writes to LS Speaker over house eviction order; Oppn MPs rally behind her

TMC MP Mahua Moitra has written to Lok Sabha Speaker Om Birla seeking intervention after she was asked to vacate a circuit house late at night amid protests outside. She raised concerns about the safety and dignity of women parliamentarians.

The Economic Times

ETMarkets Management Talk| MAN Industries eyes bigger Saudi footprint; region could contribute 35–40% of revenue in 3 years: Nikhil Mansukhani

MAN Industries expects Saudi Arabia to become a major growth driver, contributing 35–40% of revenue within three years. The company is targeting FY27 revenue of ₹5,000 crore, backed by Saudi expansion, Dammam facility and Jammu’s seamless pipe plant.

The Economic Times

Indian envoy leads celebration of Independence Day in Singapore

Indian High Commissioner Shilpak Ambule celebrated India's 80th Independence Day with diaspora members. He read President Murmu's address and honored fallen soldiers at Kranji War Cemetery. Ambule highlighted the significant sacrifices of Indian soldiers during World War II in Malaya. Women from the diaspora showcased India's rich handloom and textile…

The Economic Times

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Foreign Assets Disclosure Scheme 2026: ₹1 crore limit, 30% tax and December 31 deadline — all you need to know

A new government scheme will open on August 16, 2026, for taxpayers to disclose foreign assets. This one-time voluntary disclosure scheme closes on December 31, 2026, for eligible individuals. Taxpayers can declare undisclosed foreign assets or income up to one crore rupees. Certain foreign assets already offered to tax can…

The Economic Times

Sholay wins Italy: 2,000 Italians watch restored classic till 3 am, says Amitabh Bachchan

Amitabh Bachchan shared a recent event highlighting Sholay's global appeal. Around two thousand Italians watched the restored film in Bologna. This screening celebrated the movie's 50th anniversary milestone. The classic was shown outdoors from late evening until early morning. The actor recounted this experience on Kaun Banega Crorepati Season 18.

The Economic Times

ChatGPT can find things? Man uses the tech to find is clogs that were lost in a sea of footwear in Ujjain's Mahakleshwar temple

A viral video shows a man turning to ChatGPT to locate his missing clog among more than 1,000 pairs of footwear. The unusual use of AI has drawn over 2 million views and sparked humorous reactions online, with users joking about the technology being used for everyday problems. The video’s…

The Economic Times

Nifty at risk below 24,000; MCX, Havells among stocks to watch next week: Rupak De

Nifty faces a crucial 24,000 support level after weakening momentum, with a break potentially triggering short-term bearishness. Analyst Rupak De favours auto and PSU banks, while highlighting MCX, ELGI Equipments, Havells and Himadri Speciality Chemical as trading opportunities.

The Economic Times

'Building jitni sundar, mahaul utna toxic': Gurgaon employee’s 'honest take' over toxic workplace goes viral

A corporate employee’s late-night video filmed outside Gurgaon’s glittering office towers has sparked a debate over workplace culture, office politics, long working hours and the pressure associated with corporate jobs.

The Economic Times

Before the ice, Antarctica had a rainforest near South Pole: Fossils reveal a 90-million-year-old secret

Scientists have uncovered remarkable evidence of a rainforest that flourished in Antarctica nearly 90 million years ago, despite the region experiencing months without sunlight each year. Fossilised roots, pollen, spores and later-discovered amber preserved in a seabed core are helping researchers reconstruct an unexpectedly warm, wet landscape that existed long…

The Economic Times

PM appeals to opposition to support constitutional amendment Bill for women's reservation

Prime Minister Narendra Modi urged opposition parties to support the women's reservation bill. This legislation seeks to implement 33 percent reservation for women in legislatures. The bill requires a two-thirds majority for passage in the Lok Sabha. Previous attempts to pass the bill faced setbacks due to insufficient support. The…

The Economic Times

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The Economic Times

Quote of the Day by Ivan Bunin, the first Russian to receive the Nobel Prize for literature: ‘Words are one thing, deeds are quite another’

Quote of the Day by Ivan Bunin highlights the gap between spoken promises and actual deeds. Actions demand more effort and demonstrate genuine commitment over time. Real-life situations often test the substance of promises made by individuals. Consistency between words and actions provides the most reliable evidence of character. Ultimately,…

The Economic Times

Mahindra's Formula E stay a long-term strategy, not an up-and-down manufacturer cycle: Bertrand

Mahindra Racing will remain in Formula E through the Gen4 era until at least 2030, using the championship to develop electric vehicle technology. The team aims to transfer advances in software, powertrain efficiency and engineering expertise to Mahindra’s road cars.

The Economic Times

Mahindra's Formula E stay a long-term strategy, not an up-and-down manufacturer cycle: Bertrand

The Economic Times

PM Modi sets target of 6 crore ‘Lakhpati Didis’ on Independence Day, hails women’s role in nation-building

Prime Minister Narendra Modi announced a new goal for six crore women to become Lakhpati Didis. This initiative aims to significantly transform the rural economy by empowering women. The government has already surpassed its previous target of three crore Lakhpati Didis. Women's increasing leadership roles across various sectors were highlighted…

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news in one place.

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The Economic Times

CJP’s Abhijeet Dipke launches ‘School Thik Karo’ campaign, questions poor state of govt schools

Abhijeet Dipke, CJP convenor, criticized political parties for ignoring village schools. He announced a campaign to improve government schools across the nation. Dipke questioned funding sources for large banners used in rallies. He urged parents and sarpanches to audit and upgrade school facilities. Children in villages still face long walks…

The Economic Times

Mahindra launches BE 6 SPORTEQ with BaaS, new three-screen cockpit: Check price and more features

Mahindra has launched the BE 6 SPORTEQ with a new three-screen cockpit, Google Gemini-powered TEQ_Talk, six TEQ Suites and added performance and personalisation features. Prices start at Rs 11.45 lakh under the Battery as a Service model, with deliveries beginning on August 26, 2026.

The Economic Times

Three key milestones on the road to financial freedom

Financial freedom is built gradually through understanding, systematic investing and patience. Three milestones—moving from consumption to conviction, investing consistently and creating a financial legacy—can help investors build wealth, stay disciplined through volatility and align money with long-term goals.

The Economic Times

‘X-Men’ reboot cast list: Check cast members revealed at D23, release date and other details

Marvel Studios has unveiled the cast of its upcoming ‘X-Men’ reboot, with Sadie Sink as Jean Grey, Kit Connor as Cyclops and Adam Driver as Mister Sinister. Directed by Jake Schreier, the film will introduce a new generation of mutants to the MCU and is set to release in theatres…

The Economic Times

Independence Day 2026: 12 equity mutual funds deliver over 40% return. Are there any included in your portfolio?

Around 12 equity mutual funds delivered over 40% returns since August 15, 2025, led by international and thematic funds. Nippon India Taiwan Equity Fund topped the list with 140.91%, while several domestic diversified funds posted more moderate gains.

The Economic Times

Anti-rowdy squad to be set up in Bengaluru: Karnataka CM DK Shivakumar announces AI university, major projects

Karnataka Chief Minister DK Shivakumar announced a series of initiatives on Independence Day, including an anti-rowdy squad in Bengaluru, the state's first public AI university, AI education from Class VI and projects worth Rs 1.56 lakh crore for Bengaluru. The government also plans to establish AI hubs, launch free Coding…

The Economic Times

Karnataka CM DK Shivakumar announces AI education from Class 6, India's first public AI university in Bengaluru

Karnataka will introduce AI education from Class VI onwards in all schools. The state plans to establish its first public AI University in Bengaluru. One thousand government schools will be upgraded with modern infrastructure and facilities. These initiatives aim to equip youth with 21st-century skills and bridge the digital divide.…

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