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The Latest Breaking News from The Economic Times

Alka Yagnik, Rohit Sharma & Mammootty among Padma awardees. Check full list

President Droupadi Murmu presented the Padma Bhushan to veteran actor Mammootty and posthumously to former Jharkhand CM Shibu Soren. Playback singer Alka Yagnik and tennis legend Vijay Amritraj were also honored for their significant contributions. The ceremony recognized distinguished individuals across cinema, public affairs, music, sports, literature, and education, including…

The Economic Times

RBI clarifies FCNR(B) loan, SBLC eligibility under swap scheme

Indian banks can now offer loans to non-residents and issue standby letters of credit against FCNR(B) deposits under a new RBI swap facility. The central bank clarified that this swap covers only the principal amount of eligible deposits, not interest. This move aims to boost foreign currency inflows by allowing…

The Economic Times

RBI clears loans, SBLCs against FCNR(B) deposits under swap scheme

Banks can now offer loans to non-residents and issue standby letters of credit against FCNR(B) deposits under the RBI's swap facility. This regulatory clarity from the central bank allows Indian banks, including overseas branches, to lend to non-residents who then place these funds as FCNR(B) deposits, serving as collateral. This…

The Economic Times

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Life lesson quote by Milton Berle: 'If Evolution Really Works, How Come Mothers Only Have Two Hands?' pays befitting tribute to mothers who are silent pillars of society

Life lesson quote of the day by Milton Berle is a tribute to the extraordinary dedication, strength, and versatility of mothers. Through humor, the quote acknowledges the countless responsibilities mothers manage and the profound impact they have on the lives of others. Mothers perform many roles simultaneously, often with remarkable…

The Economic Times

India's services exports narrow gap with goods trade as overall trade grows 5.4% in Q4FY26: NITI Aayog

India's trade saw a healthy 5.4% growth in Q4 FY26, driven by robust services exports that significantly boosted the services trade surplus to $60.4 billion. Despite a dip in merchandise exports, the strong performance in services, which are increasingly closing the gap with goods exports, bolstered overall trade figures. India…

The Economic Times

"In a category of his own": Ibrahimovic hails Messi after Argentina icon breaks FIFA WC goals record

Football legend Zlatan Ibrahimovic has lauded Lionel Messi's record-breaking FIFA World Cup goal tally, declaring the Argentinian ace in a league of his own. Messi's recent brace propelled him past Miroslav Klose, cementing his status as the all-time top scorer. Ibrahimovic emphasized Messi's unparalleled longevity and complete body of work,…

The Economic Times

AI will amplify IT services demand, not replace it: Infosys chairman Nandan Nilekani

Infosys is aggressively pursuing the AI-first services market, projecting a $300-400 billion opportunity by 2030. Chairman Nandan Nilekani emphasised AI will amplify, not replace, IT services, with 90% of top clients already engaged. Meanwhile, CEO Salil Parekh confirmed AI services contributed $1 billion to FY26 revenue, growing rapidly.

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Why the heat is wreaking havoc on Europe's trains

Europe's rail networks are buckling under an intense heatwave, causing widespread delays and cancellations. Aging infrastructure, including overhead power lines and tracks, struggles with extreme temperatures, leading to system failures. High-speed lines are particularly vulnerable due to their need for precise tolerances. Solutions like temperature sensors and reflective track paint…

The Economic Times

Intellectual curiosity & infectious optimism: Industry cheers Kunal Shah's new role as WhatsApp Head

India Inc. is celebrating Kunal Shah's appointment as WhatsApp head, hailing it as a milestone for Indian startup leadership. Industry leaders lauded his "intellectual curiosity" and "infectious optimism," noting his unique philosophy background and entrepreneurial journey. Meta's investment in his fintech firm CRED and Shah's deep understanding of consumer behavior…

The Economic Times

Psychology says people who like to munch while going on trips aren't just hungry: What this travel eating habit may reveal?

Psychology says people who like to munch while going on trips aren't always eating because of hunger. Psychology suggests that snacking during travel can be linked to comfort, routine, boredom, excitement, stress management, and reward. This behavior may also help people stay engaged during long journeys. Understanding the reasons behind…

The Economic Times

R. Madhavan: From early struggles to Padma Shri, an inspiring journey hard work, reinvention, and stardom in Indian cinema

R. Madhavan, a celebrated actor, has been honored with the prestigious Padma Shri award for his significant contributions to Indian cinema. From his early days in television to a successful film career spanning over 75 movies, Madhavan has consistently reinvented himself, showcasing remarkable versatility. His recent intense portrayal of Ajay…

The Economic Times

Lost for 700 years, one of the Seven Wonders is emerging from the sea again as 22 giant blocks help solve a 2,000-year-old mystery

A significant discovery is bringing the legendary Lighthouse of Alexandria back to light. Archaeologists have recovered 22 massive stone blocks from its submerged ruins, a crucial step in a project aiming to digitally reconstruct this ancient wonder. These recovered pieces, some weighing up to 88 tons, will be scanned and…

The Economic Times

Lost for 700 years, one of the Seven Wonders is emerging from the sea again as 22 giant blocks help solve a 2,000-year-old mystery

The Economic Times

Meta's Cred deal showcases new playbook: take stake, hire the founder

Meta is strategically acquiring minority stakes in tech firms and integrating their founders into senior roles, a pattern evident with Cred and Scale AI. This "acquihire" approach allows Meta to rapidly gain specialised talent and influence, bypassing lengthy onboarding processes and regulatory hurdles of full acquisitions. While founders benefit financially…

The Economic Times

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The Economic Times

Malayalam cinema veteran Mammootty receives Padma Bhushan from President Murmu

Veteran actor Mammootty was honored with the Padma Bhushan, India's third-highest civilian award, by President Droupadi Murmu. This prestigious recognition celebrates his remarkable five-decade-long career in Indian cinema. A three-time National Award winner, Mammootty's extensive work spans multiple languages, solidifying his status as a pivotal figure in Malayalam cinema and…

The Economic Times

Europe heatwave closes schools, threatens health

Europe is grappling with a severe heatwave, forcing school closures and travel advisories across Britain, France, Italy, and Spain. France recorded its hottest night ever, with 40 drownings reported as people sought relief. Scientists link these extreme events to human-caused global warming, warning of increased frequency and intensity. Authorities are…

The Economic Times

What the psychology says about the 3 everyday habits that make people take you for granted and slowly turn respect into expectation

Many people believe being endlessly helpful earns appreciation. Psychology suggests the opposite can sometimes happen. These 3 everyday habits quietly shape how others value your time, effort, and presence—and understanding them may change the way you approach relationships forever.

The Economic Times

Beyond brand visibility: Why media partnerships matter for business growth and thought leadership

As digital advertising becomes more crowded, brands are reconsidering their strategies to reach business audiences and decision-makers. Media partnerships, branded content, thought leadership, and advertising on The Economic Times can help organisations build credibility, strengthen brand awareness, and connect with senior business leaders in a trusted environment that goes beyond…

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The Economic Times

AI won’t replace Infosys, will amplify it: Nandan Nilekani bets big on $1 bn AI surge

Infosys Chairman Nandan Nilekani expressed confidence in the company's AI-driven future, stating AI will amplify, not replace, businesses that adapt. He emphasized AI's role in accelerating legacy system modernization, a shift Infosys is capitalizing on with AI services revenue exceeding $1 billion annually. Nilekani foresees a trend towards in-house software…

The Economic Times

AI stocks are in a 'blowoff top' phase but the game isn't over yet: Jonathan Schiessl

Global tech and AI stocks are undergoing a necessary correction, not a collapse, according to Westminster Asset Management's Jonathan Schiessl. While a "blowoff top" phase was evident, US earnings remain strong, offering some support. The real concern is rising global capital costs, which could impact data center funding. Notably, India…

The Economic Times

Ola Electric gets BIS certification for indigenous LFP battery cell

Ola Electric's subsidiary has secured Bureau of Indian Standards (BIS) certification for its indigenously developed 46100 lithium iron phosphate (LFP) battery cell. This marks a first for an Indian company in this cylindrical format. The new cell, designed for both electric mobility and energy storage, expands their in-house battery portfolio…

The Economic Times

Psychology says people who write too fast and end up with bad handwriting aren't careless, they may simply be prioritizing ideas over precision

Psychology teaches us that everyday habits often reveal hidden mental processes. The handwriting itself is rarely the real story. Prioritization is. For many people, writing quickly is not a sign of carelessness. More often, it reflects a brain that is focused on capturing ideas, keeping pace with fast-moving thoughts, and…

The Economic Times

Banned Tennis player Vondrousova insists she has 'never doped'

Former Wimbledon champion Marketa Vondrousova insisted she "never doped" after an anti-doping watchdog had banned her from tennis for four years on Monday. The International Tennis Integrity Agency (ITIA) blames the 26-year-old Czech for failing to open the door to an anti-doping officer in December 2025.

The Economic Times

Skoda Auto and its Mumbai dealer ordered to pay Rs 3.25 lakh compensation after 58 days repair delay on five-month-old car

A Mumbai lawyer's brand-new Skoda Superb refused to start just five months after purchase. The car spent 58 days at the service centre while the dealer waited for imported spare parts from Skoda Auto India. Despite emails, complaints to Mumbai Grahak Panchayat, and a decade-long legal battle, the Maharashtra State…

The Economic Times

It's 'Serena being Serena' as Williams makes audacious singles return at Wimbledon

Tennis legend Serena Williams is making a remarkable comeback to singles at Wimbledon after a four-year hiatus. Despite her age and lack of recent singles matches, experts believe her confidence and unparalleled experience make her a formidable presence. Meanwhile, on the men's side, Jannik Sinner is the favorite, with Novak…

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