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The Latest Breaking News from The Economic Times

Resident accused of maintenance default and nuisance wins eviction case lodged by housing society; Maharashtra co-op appellate court explains why

Resident ordered by housing society to evict on grounds of maintenance default, creation of nuisance and using open space as his garden; Maharashtra Co-Op Appellate court cancels eviction and rules resident cannot be evicted by housing society for this reason. Know more.

The Economic Times

Jefferies' Chris Wood sells HDFC Bank, PB Fintech shares to buy 2 new stocks

Jefferies' Christopher Wood is reshuffling his India long-only model portfolio, dropping HDFC Bank and PB Fintech's PolicyBazaar in favor of Multi Commodity Exchange of India (MCX) and eyewear retailer Lenskart Solutions. The move, detailed in his GREED & fear report, signals a shift toward exchange infrastructure and consumer retail plays.

The Economic Times

Scientists use AI to create viruses that don’t exist in nature for the first time

Scientists have designed and created new viruses using artificial intelligence. These AI-designed bacteriophages successfully replicated and killed E. coli bacteria. This breakthrough marks a significant advancement in synthetic biology and potential medical applications. The technology could aid in developing new treatments for antibiotic-resistant infections.

The Economic Times

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Indian bonds buckle under oil spike, fresh debt sale

Indian government bonds declined early Friday, reversing some weekly gains. Higher oil prices and global rate fears impacted investor sentiment before a large debt sale. New Delhi plans to raise 320 billion rupees through bond auctions later today. The benchmark Brent crude contract saw a significant price increase since Tuesday.…

The Economic Times

Airport closes in Okinawa as Typhoon Dolphin approaches southern Japan

Typhoon Dolphin is approaching Japan's southern remote islands, causing significant disruption. Okinawa's main airport has closed, grounding all flights and leading to evacuations. Hundreds of people have sought shelter in designated evacuation centers across the island. Residents are taking precautions against expected strong winds, heavy rain, and high waves. The…

The Economic Times

US Stock Market: SpaceX shares gain as first lockup expiry more than doubles tradable float

SpaceX shares rose over 6% on Thursday in heavy trading, with more than $23 billion worth of shares changing hands — likely the busiest session since the company joined the Nasdaq 100 on July 7. The rally came despite the first of several scheduled lockup expiries, which more than doubled…

The Economic Times

Shreya Kalra’s Mumbai home: Inside Lock Upp season 2 winner’s stylish, smart and vastu-friendly space with cozy interiors and a stunning skyline balcony

Lock Upp winner Shreya Kalra and partner Rishabh Jaiswal revealed their Mumbai home. They thoughtfully designed their modern and Vastu-compliant residence together. The living room offers a cozy and luxurious atmosphere with neutral tones. Their kitchen is sleek, minimalist, and highly functional for daily needs. A dedicated awards corner and…

The Economic Times

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Global Market: Japan stocks fall over 1% as chip shares tumble, SoftBank declines despite earnings beat

Japan's Nikkei fell over 1% on Friday, dragged down by a selloff in AI and semiconductor stocks, even as the broader Topix stayed roughly flat. SoftBank Group was a key laggard, dropping 4.3% despite posting a smaller-than-expected 18% profit decline for the quarter, investors weren't convinced the results were strong…

The Economic Times

India, which once couldn't make smallpox vaccine, has now crossed a pharma milestone the world can't ignore

2026 Independence Day: India's pharmaceutical industry marks a historic milestone with a new drug approval. This achievement reflects decades of growth from importing medicines to global leadership. The nation now supplies a significant portion of the world's generic medicines and vaccines. The Covid-19 pandemic further showcased the industry's manufacturing capabilities…

The Economic Times

Superfood Moringa: No more bitter taste? Scientists find new ways to use every part of 'miracle tree' in cheela, muffins, cookies & more

Scientists are developing new food technologies using the moringa tree, with innovations that utilise nearly every part of the plant and help reduce food waste. Moringa kernels are processed into flour for use in various food products, while nutrient-rich seed cake, a residue left after oil extraction, is being incorporated…

The Economic Times

India, China hold 36th WMCC talks, underline peace along LAC vital for bilateral ties

India and China held their 36th border consultation meeting in New Delhi. The two nations reviewed the situation along the Line of Actual Control. Maintaining peace in border areas is essential for overall bilateral relations. Both sides agreed to use existing diplomatic and military channels for resolution. Discussions also covered…

The Economic Times

"No need for all-party meeting on Mekedatu": Tamil Nadu CM Vijay says " will not compromise on the rights regarding the Cauvery water issue"

Tamil Nadu Chief Minister Vijay stated no all-party meeting is needed for the Mekedatu Dam issue. He assured the government will protect the state's Cauvery water rights. Opposition leader Udhayanidhi Stalin criticized the Chief Minister's stance and arrest. Stalin questioned the delay in convening an all-party meeting on the dispute.…

The Economic Times

This summer isn't breaking heat records - yet. Wait until El Nino kicks in, scientists say

With a formidable El Nino set to escalate global temperatures, the weather patterns we rely on are likely to be severely altered. Experts warn that 2026 may record the highest temperatures ever, overtaking 2024.

The Economic Times

Jharkhand job exam stir: Protester on hunger strike taken to hospital after his health deteriorates

One protester's health declined during a hunger strike against Jharkhand recruitment exam irregularities. Rahul Kranti was hospitalized after his condition worsened on Friday morning. He had been fasting since Tuesday night, joining other demonstrators. The protest against alleged exam irregularities has now entered its fourteenth day. Student unions announced a…

The Economic Times

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The Economic Times

Mumbai hospital delays newborn's discharge after mediclaim rejection: Staff keep 2-day-old baby away from mother for over 9 hours; court orders Rs 37,000 payout

Mumbai's Bhatia Hospital has been ordered to pay Rs 37,000 after a state consumer commission found its staff kept a 2-day-old newborn away from his mother for over nine hours following a cashless insurance rejection, even though the father had already deposited more than the total bill amount. The commission…

The Economic Times

22k gold rate today: Check 18k, 20k, 22k, 24k gold prices (August 7, 2026) at Tanishq, Malabar Gold & Diamonds, Joyalukkas, Kalyan Jewellers and IBJA

GOld rate today: Gold prices saw a slight decrease today, August 7, 2026. Leading jewellery brands like Tanishq and Malabar Gold & Diamonds adjusted their rates. Tanishq maintained its 22-karat gold price while others saw a small reduction. IBJA indicative rates for August 6, 2026, show higher prices for various…

The Economic Times

Parliament Monsoon session: Opposition continues protest over alleged police action against students

Opposition MPs protested in Parliament over alleged Ram temple donation theft. They also demanded a statement regarding police actions against student protesters. Congress MP KC Venugopal called for the Home Minister's resignation or apology. The ongoing monsoon session has seen disruptions over these demands. A taxation bill was passed without…

The Economic Times

Global Market: Japan reveals record $40 billion yen-buying intervention as currency pressure persists

Japan carried out its largest-ever single-day currency intervention, deploying nearly $40 billion to support the yen amid sharp depreciation. Detailed data from the Ministry of Finance showed authorities intervened multiple times during the Golden Week holidays, while markets remain alert for further action as the yen weakens again.

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The Economic Times

Canada Class Action Lawsuit: $8.7 million settlement offers eligible Canadians up to $5,000 - Check who qualifies and how to claim compensation

A court in Canada has given the green light for an $8.7 million settlement arising from a privacy breach that occurred in 2020. Canadians whose Government of Canada accounts were compromised can file for compensation related to the unauthorized access and subsequent fraud resolution efforts. Valid claims for expenses might…

The Economic Times

Indraprastha Medical Corporation shares surge 9% after Q1FY27 profit rises 9%, revenue grows 11%

Indraprastha Medical Corporation shares surged over 8.5% to Rs 392.90 following strong Q1FY27 earnings. The healthcare operator reported a 9% YoY increase in consolidated net profit to Rs 56 crore and an 11% rise in revenue to Rs 406 crore. The company also fixed September 18 as the dividend record…

The Economic Times

Tata Investment, Tata Chemicals rally up to 7% after RBI classifies Tata Sons as upper-layer NBFC

Tata Investment Corp and Tata Chemicals shares rallied up to 7% after the RBI classified Tata Sons among the 16 upper-layer NBFCs, reviving focus on the holding company's potential listing. The central bank is also examining Tata Sons' application to surrender its core investment company registration.

The Economic Times

Hero MotoCorp shares jump 3% as Q1 profit rises 29% YoY, beats estimates. What's ahead?

Hero MotoCorp shares jumped over 3% to Rs 5,739 following strong Q1 FY27 results. The two-wheeler giant reported a 29% YoY rise in standalone net profit to Rs 1,454 crore and a 36% surge in revenue to Rs 12,999 crore, beating market estimates on operational margin performance. Brokerages maintain a…

The Economic Times

Vivo S2 launched at Rs 39,999: Check price, camera, battery, specs, sale date and offers

Vivo has launched its S2 smartphone in India with advanced cameras. The device features a 50MP Sony main camera and a 32MP selfie camera. It boasts a 7050mAh battery and a powerful MediaTek Dimensity 7360 Turbo processor. The phone runs OriginOS 6 based on Android 16 with AI capabilities. Vivo…

The Economic Times

Vikram Solar shares crash 11% to fresh lifetime low. What's spooking investors?

Vikram Solar shares fell sharply to a record low on Friday after the company reported an 85% year-on-year drop in Q1 profit, with margins shrinking sharply. Investor sentiment was also dented by US President Donald Trump's new 15% tariff on polysilicon products, adding to concerns over the solar sector's global…

The Economic Times

Michael Dell's son Zach Dell wants a battery in every American home that can provide 36 hours of backup, survive Texas summers and Chicago winters

Zach Dell, son of Dell Technologies founder Michael Dell, is building Base Power into a major home battery company, with a goal of putting backup batteries in homes across the US. The Austin-based startup has installed more than 23,000 batteries, raised $1 billion in fresh funding and reached a $13…

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