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The Latest Breaking News from The Economic Times

Oracle layoffs August 2026: ‘6am layoff email’ may hit inboxes next month on this date as managers asked for names, after 10,000+ workers were cut in March

Oracle layoffs 2026: Oracle employees could face another layoff wave on September 1, with reports suggesting 6am job-cut emails may arrive as managers prepare lists of affected workers. Managers have been asked to draw up lists of employees whose roles are being eliminated. Oracle already cut 21,000 jobs in March…

The Economic Times

Police use water cannons to disperse DYFI protest march to Kerala CM VD Satheesan's residence

In a dramatic turn of events, police intervened to disperse DYFI activists rallying outside the residence of Kerala Chief Minister VD Satheesan. The uproar unfolded following the arrest of Youth Congress members linked to MDMA possession. DYFI leaders accused the Chief Minister of complicity with drug traffickers, while protesters condemned…

The Economic Times

Hormuz traffic slows further after US threatens more economic pressure on Iran

Transit through the Strait of Hormuz has nearly stopped after two ships were attacked. The United States stated it can maintain a naval blockade of Iran indefinitely. Iran has resumed attacks on ships it accuses of violating transit rules. The US plans to inflict unprecedented financial damage on Iran next…

The Economic Times

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India's April-June balance of payments records $8.1 billion deficit, June turns surplus

India recorded an $8.1 billion balance of payments deficit in the April-June quarter. This occurred despite a $2.9 billion surplus recorded for the month of June. The current account balance slipped to a $3.1 billion deficit for the quarter. Net transfers and capital account inflows saw significant increases during June.…

The Economic Times

Voltas, Atomberg Innovation plan 50:50 venture to manufacture AC compressors

Voltas’ board approved a binding term sheet with Atomberg Innovation Private Limited on Friday, an exchange filing showed. The venture will be owned equally, although Voltas will nominate three directors to its five-member board and Atomberg Innovation two. Voltas owns no stake in Atomberg Innovation.

The Economic Times

2 UAE tankers attacked while transiting Strait of Hormuz

The United Arab Emirates accused Iran of conducting drone strikes on two oil tankers navigating the strategic Strait of Hormuz. Meanwhile, activists delivered crucial aid to Palestinians facing aggression from Israeli settlers in the West Bank. In a separate conflict, Yemen's military thwarted Houthi incursions, and a drone was successfully…

The Economic Times

US stocks: Capricor shares 77% soar as potential FDA lifeline revives Duchenne drug hopes

Capricor Therapeutics shares surged significantly after the FDA agreed to review new drug data. The company had faced setbacks last month regarding its experimental Duchenne muscular dystrophy treatment. New 24-month data will focus on improving upper limb muscle function for the drug. Analysts view the FDA's willingness to review this…

The Economic Times

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Reddit shares surge 14% on S&P 500 inclusion, replacing AvalonBay

Reddit shares have experienced a remarkable surge following the announcement of their inclusion in the S&P 500 index. With index funds compelled to acquire millions of Reddit shares, this influx is expected to significantly surpass the average daily trading volume of the stock.

The Economic Times

Kennedy Center’s Trump name dispute heads toward another court clash

The Kennedy Center board voted to add Donald Trump's name to the building's facade. The surrounding grounds will also be renamed President Donald J. Trump Plaza. This decision follows a federal judge's ruling against renaming the center for Trump. The board also approved a controversial two-year closure for renovations. The…

The Economic Times

Quote of the day by Stan Laurel: 'A friend once asked me what comedy was. That floored me. What is...' - inspiring quote by comedy actor of Way Out West and Block-Heads teaches life lessons on comedy, creativity, understanding people and why you don’t need to know everything to succeed

Quote of the day by Stan Laurel: Stan Laurel believed comedy's essence remained elusive and undefined. He learned to elicit laughter by observing audience reactions carefully. This practical approach highlights experience over theoretical definitions for success. Laurel, part of the famous Laurel and Hardy duo, achieved cinematic fame.

The Economic Times

Quote of the day by Magic Johnson, 'When you face a crisis, you know who your true friends are' teaches powerful lesson on friendship, companionship, relationship, human connections, offers who will stand beside you when life gets difficult, uncertain, challenging

Quote of the day by Magic Johnson reminds us that difficult seasons can bring unexpected clarity. Crisis can be painful, frightening, and exhausting, but it can also reveal the relationships that deserve greater appreciation. The people who stay connected when there is no celebration to attend, no success to applaud,…

The Economic Times

Quote of the Day by Julie Andrews: “All careers go up and down like… – Inspiring lessons on resilience, uncertainty, transformation, perseverance and why every setback is a comeback by the English actress known for her powerful performances and deep insights on adaptability and determination

Quote of the Day by Julie Andrews: Julie Andrews’ quote, “All careers go up and down like friendships, like marriages, like anything else, and you can't bat a thousand all the time,” explores the importance of accepting change, setbacks, and uncertainty throughout a professional journey. The quote suggests that careers,…

The Economic Times

Psychology says people who always charge their phone before it reaches 50% may have a low tolerance for uncertainty

People who recharge their phones before the battery gets critically low aren't necessarily fixated on battery percentages. They may simply prefer having a safety margin, knowing they have enough power available if they need it later.

The Economic Times

US stocks: US markets trade muted as investors weigh Middle East tensions, data

US stock indexes traded with little change amid market volatility on Friday. Investors monitored retail sales data and developments in the Middle East region. Communication services sector saw gains, while chip stocks experienced mixed trading.

The Economic Times

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The Economic Times

Cochin Shipyard Q1 Results: Profit falls 19% YoY to Rs 151 crore, revenue up marginally

Cochin Shipyard reported a 19.4% year-on-year decline in Q1FY27 consolidated profit to Rs 151.5 crore, despite 2.3% revenue growth. EBITDA fell 20.4%, dragging margins lower, while the company also disclosed regulatory fines over board composition.

The Economic Times

OpenAI CEO Sam Altman says ChatGPT could have ‘perfect context of your whole life’ within six months

OpenAI's leader foresees a future where advanced AI can potentially have access to users' entire lives in just six months. This AI would blend seamlessly with personal information to function as an anticipatory assistant. Meanwhile, there are rising concerns about AI agents, as significant companies allegedly engage in hacking activities.

The Economic Times

Zetwerk promoters pledge stake; PhysicsWallah Q1 losses narrow

Zetwerk’s promoters have pledged nearly a third of their stake ahead of the company’s IPO. This and more in today's ETtech Top 5.

The Economic Times

Refrigerator cleaning tips? Try these simple and affordable home cleaning tricks to remove stubborn dirt, grease and food residue

Maintaining a clean refrigerator is essential for both food hygiene and aesthetics. Use baking soda to neutralize unwanted smells, while warm soapy water effectively tackles sticky residues. For persistent stains and odors on surfaces, vinegar is your best ally. Don't forget to wash removable shelves and drawers with a gentle…

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The Economic Times

Pernia's Pop-Up Shop likely to launch Rs 660 crore IPO by August-end

The company, which operates a multi-brand luxury fashion omni-channel platform, has filed its updated draft red herring prospectus (UDRHP) with markets regulator Sebi. It received Sebi's approval for the IPO in January this year.

The Economic Times

US governors, lawmakers hail bilateral partnership in messages for India's Independence Day

Numerous American governors and state leaders have expressed their admiration for India's 80th Independence Day, proclaiming August 15, 2026, as 'India Day' across various states. These official declarations highlighted the invaluable contributions made by the Indian-American community and celebrated the strengthening ties between India and the United States. In a…

The Economic Times

Bengal BJP softens stand on Ananta Maharaj after his apology over Netaji remarks

BJP MP Ananta Maharaj publicly apologized for his controversial comments regarding Netaji Subhas Chandra Bose, which the West Bengal leadership welcomed as a sign of accountability. Nevertheless, the police have filed an FIR against him, and the state government has rescinded his Banga Bibhushan award. Maharaj expressed his regret and…

The Economic Times

World’s 2nd-richest country to give 2.4 million citizens up to S$600 in September 2026 as cost-of-living support: Check who qualifies

The world’s second-richest country Singapore is set to give more than 2.4 million adult citizens up to S$600 in September 2026 under an enhanced cost-of-living support scheme. Eligible citizens will automatically receive the Enhanced B2026 COL Special Payment. Here’s who qualifies, how much they can receive and when the payment…

The Economic Times

Sebi revises InvIT cash flow framework to allow adding back external debt-funded maintenance costs

The Securities and Exchange Board of India (Sebi) has introduced a significant update allowing Infrastructure Investment Trusts (InvITs) to re-include major maintenance debt specifically for road projects. This enhancement provides InvITs with increased flexibility to manage upkeep costs efficiently. Importantly, unitholder consent will be required for any new debt taken…

The Economic Times

Independence Day 2026: President Murmu’s address has a warning for terrorists & their backers, a big economic message and a vision for India’s defence

President Droupadi Murmu address: President Murmu highlighted India's development journey and the Viksit Bharat vision for 2047. She spoke of national security achievements and the nation's economic growth amid global instability. Operation Sindoor demonstrated Indian forces' precision strike capabilities against terror networks. The suspension of the Indus Waters Treaty was…

The Economic Times

In 1913, the Army Corps launched construction of Troy's Federal Dam, using engineers experienced on the Panama Canal. 113 years later, the lock and dam still supports New York's Hudson River navigation and remains a landmark of American engineering

Troy Lock and Dam: Troy's Federal Dam, built in 1913, supported river navigation for over a century. This engineering project connected the Hudson River to the state's canal system. The dam's construction involved Army engineers and laborers from the Panama Canal project. Troy's industrial history included steel production and the…

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