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The Latest Breaking News from The Economic Times

Four Indian Grandmasters eye Esports World Cup glory in Paris

Four Indian Grandmasters will compete against Magnus Carlsen at the Esports World Cup. Nihal Sarin, Aravindh Chithambaram, and Pranesh M represent S8UL Esports. Arjun Erigaisi competes for Gen.G Esports, aiming for prize money. Indian participation has doubled this year, marking a significant presence. The tournament features a revised two-phase format…

The Economic Times

Tamil Nadu govt invites public suggestions to boost state's revenue

Tamil Nadu's Revenue Augmentation Committee seeks public input for revenue enhancement. Suggestions are invited from the public and experts to boost state finances. The panel aims to improve tax and non-tax revenue efficiency and self-reliance. Stakeholders can email their proposals to tnrac@tn.gov.in before August 11. Broad categories for suggestions include…

The Economic Times

Siemens Energy India shares jump 7% after strong Q1 results. Should you buy, sell or hold?

Siemens Energy India shares surged over 7% after the company posted a robust June 2026 quarter, with net profit jumping 68% year-on-year and revenue rising nearly 40%. Encouraged by strong execution, a healthy order backlog and long-term growth prospects, Motilal Oswal retained its 'Buy' rating and raised the target price…

The Economic Times

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Vessel traffic through Hormuz dwindles this week as markets watch Iran-Oman talks

Shipping traffic through the Strait of Hormuz has significantly decreased this week. Markets are closely watching Iran and Oman talks for waterway reopening signs. Several Chinese and Indian refiners seek discounted crude oil from Iraq. However, shipowners remain wary of entering the waterway due to risks. Meanwhile, traffic through the…

The Economic Times

Indian-American Community to host grand Independence Day celebrations in Boston

The Foundation of Indian-Americans will host the fifth International India Day Parade on August 9. This significant event will celebrate India's Independence and the strong US-India friendship. The parade will feature numerous floats, cultural programs, and community organizations. Colonel Inder Preet Singh and US Navy Specialist Maggie Lehman will serve…

The Economic Times

IND vs SL Test Series 2026 Squad: When and where to watch India vs Sri Lanka matches, full team list, schedule and live streaming details as warm-up match begins today

India vs Sri Lanka Matches: Fans from India and Sri Lanka eagerly await a thrilling red-ball series set to commence this month. India aims to maintain its impressive unbeaten streak against Sri Lanka, a record dating back to 2008. A four-day practice match in Colombo will precede the Tests, ensuring…

The Economic Times

Bajaj Finance, Bajaj Finserv shares fall up to 5% on RBI's new proposal for NBFCs

Shares of Bajaj Finance and Bajaj Finserv fell sharply after the RBI proposed restricting NBFCs to offering only term loans, effectively barring revolving credit products. The proposal exempts NBFCs authorised to issue credit cards and is aimed at strengthening prudential norms while encouraging innovation in lending.

The Economic Times

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Best small cap mutual funds to invest in August 2026

According to the Sebi mandate, small cap schemes must invest in companies that are ranked below 250 in terms of market capitalisation. These schemes also will have to invest at least 65% in small cap stocks.

The Economic Times

Sensex down nearly 8% in 2026. Best time to top up your mutual fund SIPs?

The BSE Sensex has declined nearly eight percent, prompting investors to consider increasing mutual fund SIP contributions. Market experts suggest this correction is normal and investors should continue SIPs without interruption. Lower markets allow for the accumulation of more units over the long term. Investors should review their portfolios and…

The Economic Times

CBI finds NEET-UG 2026 paper leak involved 3 NTA experts, multi-state conspiracy

The CBI has filed a chargesheet against thirteen individuals for a NEET-UG 2026 paper leak. Three NTA subject experts allegedly accessed and shared confidential examination questions. A chain of intermediaries then distributed these leaked papers to candidates for money. Digital evidence, including chat records, confirms the circulation of leaked questions.…

The Economic Times

Ind vs SL: Shubman Gill suffers finger injury, misses Day 1 of India's warm-up match ahead of Sri Lanka Tests

India captain Shubman Gill will miss the first day of the warm-up match due to a finger injury. The BCCI medical team is monitoring his progress as a precautionary measure. This practice game is India's sole competitive outing before the Test series. The team aims to adapt to local conditions…

The Economic Times

LIC gains 3% after Q1 earnings. Here's what Morgan Stanley and Motilal Oswal recommend

LIC shares rose 2.5% after the state-owned insurer reported a 23% year-on-year jump in Q1 standalone net profit to Rs 13,492 crore, while net premium income grew 7% to Rs 1.27 lakh crore. LIC also retained its leadership in the domestic life insurance market, with a 60.1% share of first-year…

The Economic Times

Global Market: South Korean stocks fluctuate as AI spending concerns weigh on chipmakers

South Korean shares swung between gains and losses on Friday as investors assessed the latest U.S. corporate earnings and remained cautious over AI-related spending. Despite recovering from early losses, the KOSPI stayed on track for a third consecutive weekly decline, while foreign investors remained net buyers.

The Economic Times

GTA 6 release date in India for PC: Is Grand Theft Auto VI coming to PC? What we know so far

Rockstar Games will reveal an extended look at Grand Theft Auto 6 on August 28. The highly anticipated game is officially slated for a November 19, 2026 console release. Indian PC players are still awaiting an official announcement for their platform. This extended look will offer more details about the…

The Economic Times

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The Economic Times

CAS Chaos: Dalal Street's biggest stock trading reform in years endures a rocky first week

India's recently introduced closing auction system for stock prices is encountering early challenges, with traders raising alarms over erratic price fluctuations and confusion in the marketplace. In response, the Securities and Exchange Board of India (SEBI) held discussions with brokerages, reassuring them of the system's persistence. The lack of engagement…

The Economic Times

CAS chaos continues: Sensex falls 456 points, Nifty trims losses to close at 24,571. What lies ahead?

Indian stock markets closed lower as the new closing auction session impacted benchmark indices. Sensex fell nearly 456 points, while Nifty 50 saw a smaller decline. Bajaj Finance and Bajaj Finserv shares led the losses on the Sensex index. Geopolitical concerns over the Strait of Hormuz caused oil prices to…

The Economic Times

Britannia shares rally 4% as Q1 profit rises 14% YoY. Should you buy, sell or hold?

Britannia Industries shares rose 4% after the FMCG major reported a more than 14% year-on-year increase in Q1 FY27 net profit to Rs 591 crore. Despite higher input costs due to geopolitical tensions, the company delivered healthy revenue growth and margin expansion, prompting Nuvama and Nomura to reiterate their 'Buy'…

The Economic Times

Solar tariffs will hurt America’s allies, not China

Proposed US tariffs on polysilicon will harm domestic and allied solar industries. China dominates low-cost solar polysilicon production due to scale advantages. US solar manufacturing has struggled despite past protectionist measures. US companies pivot to more profitable chip manufacturing due to policy instability. China's polysilicon growth threatens US dominance in…

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The Economic Times

Thai teen kills 8 in rampage at home and school before shooting himself

A 14-year-old Thai student fatally shot his grandparents before attacking a school. He killed at least six people and himself at Debsirin Nonthaburi School. Fifteen individuals sustained injuries during the tragic incident which unfolded on Friday. This marks Thailand's worst mass killing since 2022. Gun violence remains a persistent concern…

The Economic Times

Optimystix Entertainment IPO opens today: GMP, price band, subscription dates and key details

Optimystix Entertainment IPO opens today, August 7, on the NSE SME platform. The ₹108.5-crore issue comprises a fresh issue of 50 lakh shares worth ₹87.5 crore and an OFS of 12 lakh shares worth ₹21 crore. The IPO will close on August 11, with allotment expected on August 12 and…

The Economic Times

AMD deepens AI inference bet with Taalas deal as chip race heats up

Toronto-based Taalas develops specialized silicon designed to reduce computing and memory bottlenecks in AI ‌inference, the ⁠process ⁠of running trained AI models to generate responses or predictions.

The Economic Times

Ola Electric shares jump 31% in 6 months. Should you buy, sell or hold?

Ola Electric shares have rebounded sharply from March lows, supported by improving sentiment, strong sales, and a BESS partnership. Analysts remain cautious, citing execution, competition, and cash-burn risks. Technical indicators suggest resistance near Rs 45–50, with sustained operational improvement seen as essential for further upside.

The Economic Times

SBI Q1 results preview: Will India's largest public bank report a decline in profit?

In the upcoming June quarter, State Bank of India's profits are projected to dip, influenced by margin constraints and a slowdown in income growth. Analysts foresee a decrease in net interest margins despite vigorous loan activity. With deposit growth expected to trail behind credit expansion, this could prevent any recovery…

The Economic Times

Trump-backed US Rep Andy Ogles loses Tennessee GOP primary

Tennessee Republicans held primary elections on Thursday, selecting candidates for Congress. Charlie Hatcher defeated Andy Ogles in a key Republican primary race. Brent Taylor will face Justin Pearson in another reshaped Memphis district. These primaries tested a new congressional map drawn by state lawmakers. Voters also chose nominees for governor…

The Economic Times

Kerala Weather Today: IMD predicts heavy to very heavy rain in 13 districts; check district-wise rain forecast till August 10

Kerala Rain Forecast: Heavy rainfall is on the horizon for Kerala, particularly intensifying on Friday. The state should see a reduction in rain intensity starting August 8, with lighter showers predicted for most districts by August 9 and 10. In addition, Lakshadweep may witness isolated instances of heavy rain on…

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