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The Latest Breaking News from 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

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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

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

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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…

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

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

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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.

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

Can me and my wife claim LTCG tax exemption on gains from residential property sold in 2025?

ET Wealth Reader's Query: In 2025, I sold a residential property, which was purchased in 2008 in the joint names of my wife and I. However, my wife did not contribute financially to the purchase. I would like to know if both of us can claim long-term capital gains tax…

The Economic Times

Angelina Jolie admits she's been single for 10 years after Brad Pitt split: 'Life has broken me a little bit'

Angelina Jolie has revealed she hasn't dated since her divorce from Brad Pitt nearly a decade ago, prioritizing her six children. Her new film, *Couture*, prompted reflection on love and identity. Jolie feels a desire to live more freely again, inspired by her daughters' strength. Meanwhile, Brad Pitt is reportedly…

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news in one place.

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The Economic Times

US proposes 75% hike in citizenship application fee, ends fee waivers for naturalisation seekers

US Homeland Security is proposing a significant hike in naturalisation application fees, with Form N-400 potentially rising by 75% to $1,330. This plan also removes reduced-fee options and fee waivers for many applicants. The department states these changes aim to cover processing costs across the immigration system. The proposal is…

The Economic Times

Kirloskar Oil Engines shares up 36% in 2 days. Should you buy or sell?

Kirloskar Oil Engines shares surged nearly 36% in two sessions after securing a 192 MW data centre order from HyperNext. Brokerages remain bullish, citing capex-led growth and strong demand from AI and cloud infrastructure, although current market price has already surpassed most target valuations.

The Economic Times

A tax-law argument could make or break Trump's H-1B $100,000 plan

A US court blocked a $100,000 H-1B visa fee, deeming it an unconstitutional tax imposed by presidential authority without congressional approval. The Trump administration is appealing, arguing it's a lawful immigration restriction. This legal battle tests presidential power versus Congress's taxing authority, with significant implications for skilled immigration and attracting…

The Economic Times

Madhusudan Kela-backed firm picks stake in SME stock Yash Highvoltage via preferential issue

Yash Highvoltage shares surged after ace investor Madhusudan Kela's firm bought nearly 14,000 shares. The company's board approved a preferential issue of up to Rs 151 crore to fund expansion, including enhancing its Resin-Impregnated Paper bushing manufacturing to 550 kV. This strategic move aims to bolster its position in the…

The Economic Times

Luck isn't chance: Stanford professor who spent 20 years studying luck reveals 3 habits that make people 'luckier'

Stanford professor Tina Seelig reveals luck isn't random but cultivated. She advises stepping outside comfort zones, like striking up conversations, to create opportunities. Expressing gratitude, even for rejections, can open unexpected doors. Seelig also stresses embracing unconventional ideas, as innovation often stems from initially dismissed concepts. By taking small risks,…

The Economic Times

Oil may stay above pre-conflict levels; OMCs and gas stocks could see further upside: Probal Sen

Geopolitical easing may cool crude oil prices, but a return to pre-conflict levels remains unlikely soon. Experts suggest shipping disruptions and elevated insurance costs will keep prices elevated. While optimism is priced in, uncertainty persists, potentially leading to further volatility. Oil marketing companies may see earnings improve, while upstream firms…

The Economic Times

India welcomes US-Iran peace deal, NSA Doval says pact brings 'cautious optimism'

India's National Security Advisor Ajit Doval expressed cautious optimism regarding the US-Iran MOU, anticipating it will bolster energy security and ease supply chain issues for crucial goods like fertilisers. He highlighted the positive implications for freedom of navigation in the Strait of Hormuz, predicting a significant boost to regional and…

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