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The Latest Breaking News from The Economic Times

Doximity shares soar 60% after CEO says its AI can outperform Anthropic

Doximity shares surged after the healthcare platform highlighted the strong performance of its clinical AI, overshadowing an earnings miss. Investors cheered its AI capabilities, positioning the company as a specialised healthcare AI player despite mixed quarterly financial results.

The Economic Times

Rahul Gandhi calls E20 a 'big issue', says fuel destroying vehicles

Congress leader Rahul Gandhi calls E20 fuel a significant issue. He claims the blended fuel is stealing from citizens and damaging vehicles. Gandhi alleges widespread corruption is present throughout the system. The Congress party plans to address this matter extensively. This issue directly impacts people's vehicles and their livelihoods.

The Economic Times

Israel shuts one of its consulates in China amid growing strain in ties

In a significant shift, Israel has shuttered its consulate in Chengdu, China, effectively ending operations last month. This decision reflects escalating tensions in diplomatic relations, largely stemming from China's strengthening ties with Iran and its pro-Palestinian stance during the Gaza conflict. While experts indicate that China will maintain its relationship…

The Economic Times

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9 IPOs get Sebi approval as primary market pipeline gathers pace

Sebi has approved IPOs of nine companies spanning engineering, travel technology, gaming, drones, paper, renewable energy and digital platforms. The approvals strengthen India’s IPO pipeline, with firms including Laxyo, Garuda Aerospace, PlaySimple Games, Rediff.com and Jakson Green preparing to list.

The Economic Times

Financial sector must build safeguards against AI risks before using it: CEA

The financial sector cannot afford to ignore emerging AI-related threats until they become a reality, he said at an event organised by industry chamber Assocham here.

The Economic Times

Jharkhand exam protest: Students submit fresh panel for talks with govt

Students protesting exam irregularities in Jharkhand submitted a new ten-member panel for talks. The government had objected to the previous delegation's composition. Protesters have continued their hunger strike for fourteen days now. A government committee is expected to meet with student representatives soon. The students demand cancellation and an independent…

The Economic Times

Heatwaves expose overcrowding crisis in Europe's ageing prisons

European prisons are struggling with extreme heat and overcrowding issues. Inmates in France, Italy, and Belgium face inhumane conditions during heatwaves. Overcrowding exacerbates problems, leading to increased tensions and health concerns for prisoners. Authorities are implementing measures like extra showers and fans to mitigate the heat. However, underlying issues of…

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Aware of delays in processing of visa applications by Canada of some retired GoI officials: Government

India's government acknowledges specific delays in Canadian visa processing. These delays affect retired central government and MEA officials posted previously in Canada. The Ministry of External Affairs is actively engaged with Canada on this ongoing matter. Additionally, India's passport services have expanded with numerous operational Seva Kendras. The 'Apply anywhere…

The Economic Times

Scientists reveal the terrifying 'second strike' that may have wiped out the dinosaurs after asteroid impact

Approximately 66 million years ago, a colossal asteroid struck Earth, generating catastrophic global temperatures. As superheated debris rained down, it transformed the environment into an unbearable furnace, leading to mass fatalities among various animal species. However, life deep underground and in oceanic depths faced better odds for survival. This calamity…

The Economic Times

Mexican Proverb of the Day: "A parrot is green wherever it stands." A life lesson on why talent shines everywhere

Mexican Proverb of the Day: A poignant Mexican proverb states that true talent reveals itself, regardless of the environment. The essence of one's abilities cannot be overshadowed by external factors. This wisdom inspires individuals to trust in their capabilities and recognize their intrinsic value. It serves as a reminder that…

The Economic Times

162 roads closed in Himachal Pradesh; Meteorological department issues orange alert for heavy rain on August 10, 11

Himachal Pradesh grapples with 162 road closures and infrastructure damage from recent heavy rains. An orange alert warns of further heavy to very heavy rainfall on August 10 and 11. Several districts are expected to receive significant precipitation, impacting daily life and travel. Since monsoon onset, 65 people have died…

The Economic Times

Science ministry rejects conflict-of-interest claims in RDI fund

Ministry officials defended the Research, Development and Innovation Fund selection process. They stated that conflict of interest guidelines were followed during the selection. Experts on the selection panel manage potential conflicts by recusing themselves. The fund provides low-cost loans for advanced research and innovation projects. Decisions focus solely on the…

The Economic Times

In 1990, Guatemala launched an ambitious mahogany restoration program in Petén to combat deforestation. Years later, it produced Central America's largest natural forest and transformed the province into a global conservation model

Guatemala's 1990 mahogany restoration program changed the future of the country's forests. Instead of losing more rainforest, the Maya Biosphere Reserve became Central America's largest tropical forest through sustainable forestry and community management. Today, Guatemala's forest conservation model protects wildlife, supports certified mahogany harvesting, and inspires global climate action. More…

The Economic Times

SBI Chairman Setty rules out asset quality stress in Q1, says seasonality distorts sequential NPAs

State Bank of India reported a strong first quarter with net profit rising over ten percent. Gross advances surpassed fifty lakh crore rupees, marking significant growth for the bank. Asset quality indicators showed marked improvement year-on-year, with GNPA declining. The bank maintained its full-year credit growth guidance at fourteen to…

The Economic Times

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The Economic Times

Soccer: Norway FA president Klaveness calls on FIFA boss Infantino to resign

Norwegian Football Federation President Lise Klaveness demanded Gianni Infantino's resignation. She stated he lacks institutional trust to govern FIFA stably. The international football cooperation faces significant trouble and needs reform. Norway did not support Infantino in the 2023 election and will not again. The organization must focus on governance reform…

The Economic Times

Ola Electric loss narrows to Rs 336 crore, revenue down 45%

The Bhavish Aggarwal-led company reported revenue from operations of Rs 455 crore for the June quarter, down from Rs 828 crore a year earlier, according to its stock exchange filing.

The Economic Times

Sebi cuts inspection load for market intermediaries, shifts focus to risk-based checks

Sebi has overhauled its inspection framework, reducing FY27 inspections to about one-third of last year’s level. The regulator will prioritise risk-based, joint inspections using alerts, complaints and market intelligence while easing compliance burdens for well-governed market intermediaries.

The Economic Times

Iran's supreme leader Mojtaba Khamenei in critical condition; rushed to hospital, claims Israeli media

According to Channel 14 (C14), citing sources inside Iran, and a prior report by the Jerusalem Post, which quoted the IranWire outlet and sources close to President Masoud Pezeshkian's administration, rumours that Khamenei is in an "extremely critical condition" are circulating widely at the highest levels of the regime. One…

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The Economic Times

How Boojee Café grew from a 100 sq ft, 15-seat Bandra outlet with Rs 10 lakh investment to Rs 10 crore monthly revenue

Boojee Cafe, which started in Mumbai in 2019 with a simple investment, has transformed into a hotspot for celebrities and influencers alike. Renowned for its artisanal coffee and gourmet comfort food, the cafe boasts a thoughtfully curated menu and chic interiors that attract patrons. With its popularity soaring, Boojee Cafe…

The Economic Times

CBI flags major security lapses in NEET-UG 2026 exam preparation by NTA

The CBI has identified significant security flaws within the NTA's NEET-UG 2026 examination process. Experts were involved in multiple stages, compromising the integrity of question paper preparation. Lapses in frisking and CCTV coverage allowed question papers to be transcribed and leaked. This led to the reproduction of exam papers for…

The Economic Times

US stocks: US stocks rise as surprise payrolls decline cools rate-hike fears

US stock markets opened higher on Friday after unexpected job losses. The S&P 500 and Nasdaq saw gains at the opening bell. This economic data raised doubts about a September interest rate hike. The Dow Jones Industrial Average experienced a slight decline at the open. Markets reacted to the latest…

The Economic Times

SIR to be launched in Tripura from September 5: CEO

The Special Intensive Revision of electoral rolls in Tripura is set to commence on September 5, 2026. Enumerators will start visiting homes to collect forms from September 15 to October 14. The draft electoral rolls will be unveiled on October 21, allowing for claims and objections. Those dissatisfied with the…

The Economic Times

Ola Electric Q1 loss narrows; Swiggy makes amends

Ola Electric posted an improved June-quarter performance as deliveries picked up. This and more in today's ETtech Top 5.

The Economic Times

Quote of the Day by Yoko Ono: 'I saw that nothing was permanent. You don't want to possess anything ...'- Inspiring life lessons on letting go, relationships, and finding peace in an ever-changing world by the pioneer of avant-garde conceptual and performance art

Quote of the Day by Yoko Ono: Yoko Ono's wisdom highlights life's transient nature and the importance of cherishing moments. Accepting change allows for fuller experiences and deeper gratitude for what is present. Resisting change often causes emotional struggles and hinders genuine joy and connection. This perspective encourages appreciating people…

The Economic Times

UPI to remain free for consumers, says Payments Council of India

The Payments Council of India clarified UPI transactions will remain free for consumers. Small merchants, including kirana stores, will also not face charges for digital payments. This assurance addresses concerns about potential merchant fees within the digital payments ecosystem. Banks and payment providers have invested heavily in maintaining the UPI…

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