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The Latest Breaking News from The Economic Times

What is an incel manifesto? Reports linked to Montreal shooting suspect contain misogynistic and antisemitic rhetoric

A deadly shooting in Montreal's Côte-des-Neiges neighborhood, which claimed the lives of a police officer and a civilian, is being linked to the "incel" extremist movement. Reports suggest the suspected gunman may have been connected to this misogynistic ideology, with alleged manifestos circulating online. Authorities have not officially confirmed a…

The Economic Times

Bitcoin trades near $64,000, extends June consolidation amid cautious market sentiment

Bitcoin remained under pressure and traded near the $64,000 level, extending June’s consolidation as cautious sentiment and ETF outflows weighed on markets. However, improving on-chain activity, falling exchange balances and key technical support levels suggest investors continue positioning for the next directional move.

The Economic Times

EU bets on digital euro to cut US tech addiction

The EU believes a digital euro is the answer to cutting its addiction to US payment systems like Visa and Mastercard as well as Apple Pay and Google Pay as the bloc seeks to favour European firms over others. According to the ECB, nearly two-thirds of card payments in the…

The Economic Times

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Kunal Shah’s WhatsApp coronation is a masterclass in dealmaking

Shah is stepping down as Cred’s chief executive, with finance and strategy head Miten Sampat taking over on an interim basis. Shah becomes WhatsApp’s global CEO, succeeding Will Cathcart.

The Economic Times

Syrma SGS Technology shares jump 5% after JV pact with Japan’s Kaga Electronics

Syrma SGS Technology's shares jumped nearly 5% after announcing a significant joint venture with Japan's Kaga Electronics. This collaboration aims to establish a cutting-edge manufacturing facility in India, primarily serving Japanese clients and bolstering Syrma's presence in high-value electronics. The partnership, with Syrma holding a 60% stake, is seen as…

The Economic Times

Mexico, Italy, others see up to two more months of heat stress than in 1970s: Report

Global heat stress is intensifying, with regions like Mexico and Kenya experiencing one to two extra months of dangerous heat annually. New research reveals that extreme temperatures, heat stress days, and tropical nights are becoming more frequent and severe due to fossil fuel burning.

The Economic Times

Lucknow fire: LDA issues demolition notice for Aliganj building after 15 die in blaze

Following a devastating fire that claimed 15 lives, the Lucknow Development Authority has issued a demolition notice for the Aliganj building. Authorities are also investigating their own officials for alleged negligence and complicity in the illegal operation of the residential structure as a commercial space. This comes after a previous…

The Economic Times

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Brahmos gets another customer: One of Middle East's biggest arms importers and top US weapons buyer eyes India's BrahMos and Akashteer systems

India and the UAE are in early-stage discussions for the potential sale of Indian defence platforms, including the supersonic BrahMos missile and the Akashteer air defence network. This move signifies the UAE's push to bolster its military capabilities amid regional security concerns. If finalized, the UAE would join a growing…

The Economic Times

No bids made in Indian Oil tender for ships to carry Gulf cargoes, say sources

Indian Oil Corporation has failed to secure any bids for chartering vessels to transport crude oil and LPG from the Strait of Hormuz. Ship owners are hesitant due to the current geopolitical climate, preferring to await clearer terms before entering the region. The tenders sought to move significant quantities of…

The Economic Times

AI crash coming closer? South Korea’s Kospi plunges 10%, triggers trading halt

South Korean stocks experienced a sharp decline, with the Kospi index plummeting nearly 10% from its record high. Chip giants SK Hynix and Samsung Electronics led the sell-off as investors grew concerned about an overstretched rally. This downturn follows a period of strong gains, with market watchers now closely awaiting…

The Economic Times

Oman eases residency rules for foreign investors, expands family sponsorship eligibility

Oman is boosting its appeal to foreign investors and property buyers with significant reforms to its residency laws. New "Owner Visas" simplify the process for property owners to gain residency without sponsors. Additionally, a wider range of individuals can now sponsor family members, making it easier for expatriates to bring…

The Economic Times

Tamannaah Bhatia net worth: From luxury cars to real estate, all about the Rs 120 crore fortune of Baahubali star

Tamannaah Bhatia, a prominent figure in Indian cinema, continues to captivate audiences across films and OTT platforms. With a career marked by electrifying performances and a substantial net worth exceeding Rs 120 crore, Bhatia remains a bankable star.

The Economic Times

Explained | What is the 'Boss Scam' and how hackers are using CEOs' WhatsApp accounts to steal money

A sophisticated 'Boss Scam' is targeting Indian companies, with cybercriminals hijacking executives' WhatsApp accounts to authorise fraudulent payments. These attackers impersonate regulators, tricking leaders into downloading malware that grants access to their communication. Employees are then instructed to make urgent transfers, exploiting trust and fear.

The Economic Times

‘Dream fulfilled’: Vaibhav Sooryavanshi gets India jersey, says words can’t describe the feeling

Fifteen-year-old Vaibhav Sooryavanshi, India's newest cricketing sensation, expressed overwhelming joy upon receiving his maiden national jersey, a lifelong dream realized. His remarkable ascent, marked by record-breaking performances including a 29-ball 94 and a sensational IPL 2026 campaign, has seen him become the youngest ever Indian player. Sooryavanshi's selection for upcoming…

The Economic Times

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Vedanta Power, Oil & Gas, and Iron shares rally up to 5%; Aluminium sheds 3%. Should you buy, sell or hold?

Vedanta’s newly demerged entities extended their rally, with Oil & Gas, Power and Iron & Steel hitting upper circuits, while Aluminium slipped despite Citi’s bullish outlook. Brokerages remain constructive on select businesses, though views differ on valuations as investors assess growth, cyclicality and execution risks.

The Economic Times

Have a US 401(k)? Indians must report withdrawals and maturity details in ITR schedules FSI and FA

Indian taxpayers with US 401(k) accounts must now report withdrawals and maturity details in ITR schedules FSI and FA. Failure to disclose can lead to tax issues. Filing Form 40 is crucial for deferring Indian tax until withdrawal, aligning with US taxation and potentially enabling Foreign Tax Credit benefits. New…

The Economic Times

Jefferies initiates coverage on GE Vernova, bullish on 2 other power transmission stocks

Jefferies has initiated coverage on GE Vernova T&D India with a Hold rating and a target price of ₹6,000, citing limited upside despite strong sector tailwinds. The brokerage remains bullish on Hitachi Energy India and Siemens Energy India, reiterating Buy ratings with target prices of ₹43,145 and ₹4,500, respectively.

The Economic Times

North Korea's Kim vows to accelerate military buildup: KCNA

North Korean leader Kim Jong Un vowed to accelerate the country's military buildup at a party meeting, state media reported Tuesday, citing military modernisation efforts by South Korea and the United States in the region. In the face of such developments, it was the "steadfast stand" of the North to…

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The Economic Times

The Strait of Hormuz's future is unsettled even as more ships venture through

Ship traffic is slowly resuming in the Strait of Hormuz following an interim deal between Iran and the U.S., but lingering questions about tolls and control threaten lasting peace. Despite Iran's recent declaration of closure, maritime data shows continued passage, albeit at reduced levels. Both nations have threatened to impose…

The Economic Times

People who walk fast often seem like they are in a hurry, but psychology suggests there may be a bit more going on

Fast walkers often tend to be more conscientious, extraverted and emotionally steady, according to studies published in respected journals. Other traits such as openness, agreeableness, assertiveness and ambition may also play a role, although the evidence is stronger for some traits than others.

The Economic Times

Can anyone fix Britain? Regular change of PM a symptom of UK's malaise

Britain faces a political crisis with a rapid turnover of leaders, the latest being Keir Starmer's resignation. Decades of economic stagnation, ballooning debt from global shocks, and unresolved issues like illegal immigration have eroded public trust. Historians and former officials point to a lack of clear vision and centralized governance…

The Economic Times

New Zealand student visa delays worsen for Indians as processing times jump

Indian students eyeing New Zealand education now face significantly longer visa waits, with processing times nearly doubling compared to last year. Despite these delays, approval rates have seen a positive uptick. Immigration New Zealand cites increased application volumes and complexity for the extended processing, while reaffirming India's importance as a…

The Economic Times

US bond yields back to 'normal'; AI needs a reality check, says Ed Yardeni

Veteran strategist Ed Yardeni views the recent rise in Treasury yields and the AI stock correction as healthy market adjustments, not crisis signals. He believes bond yields are returning to normal levels and AI stock valuations are undergoing a realistic reassessment. Despite a hawkish Fed stance, Yardeni anticipates only one…

The Economic Times

Tax reforms to play vital role in attracting global capital to India: Experts

India's economic ascent hinges on predictable and simplified tax reforms to attract global capital, according to a senior financial expert. The proposed Income Tax Code aims for a modern, user-friendly framework, aligning with international standards. The ICAI Singapore Chapter highlighted strides in transparent, tech-driven tax administration, boosting India's appeal as…

The Economic Times

Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefits

The "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, including exemptions on gratuity, commuted pension and leave encashment, as well as deductions for employer contributions to NPS, potentially leading to incorrect tax computation and compliance issues.

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