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The Latest Breaking News from The Economic Times

Iran rejects Vance's claims of Tehran allowing nuclear inspectors, says interactions with IAEA based on 'safeguards agreements'

Iran has refuted US Vice President JD Vance's claims of agreeing to allow international nuclear inspectors, stating engagement with the IAEA will strictly adhere to existing safeguards and domestic laws. While Vance described recent US-Iran talks in Switzerland as highly productive, laying groundwork for a deal, Iranian officials indicated no…

The Economic Times

SpaceX falls for third day, erases $600 billion in market value

SpaceX shares have seen a significant drop, losing hundreds of billions in value over three days. This decline follows the company's announcement of its first investment-grade bond sale, signaling a major borrowing effort to fuel its artificial intelligence initiatives. Despite the recent dip, the stock remains above its IPO price,…

The Economic Times

Sony plans its first dollar-bond sale in nearly three decades

Sony is making a significant return to the US investment-grade bond market after nearly three decades, with plans for a multi-billion dollar offering. This move comes as companies rush to secure funding amidst expectations of potential interest rate hikes by the Federal Reserve. The tech giant's decision also reflects a…

The Economic Times

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Lucknow fire tragedy: Four arrested; accused owners of building

Four joint owners of a commercial building in Lucknow's Aliganj have been arrested following a devastating fire that claimed 15 lives. The building, allegedly used illegally for commercial purposes despite being approved for residential use, housed an animation center, pet shop, and clinic. Police have filed an FIR under relevant…

The Economic Times

America’s 'midlife crisis' may not be what we think: A study reveals deeper issues and links middle-aged struggles to these factors

Middle age in the US is increasingly marked by loneliness, stress, and declining well-being, unlike in many European nations where midlife health has improved. Weakening social supports, coupled with rising healthcare costs and income inequality, are identified as key drivers. This trend impacts memory and physical strength, even with higher…

The Economic Times

Gunman kills Montreal officer at Hilton hotel before being shot dead: Police

A shocking incident unfolded in Montreal as a gunman opened fire at a hotel, tragically claiming the life of a police officer and a civilian. The shooter was killed by responding officers. A second officer sustained serious injuries but is now stable. This marks the first officer fatality in the…

The Economic Times

Trump signs orders calling for powerful quantum computer, targeting 2028

President Trump has launched a major initiative to accelerate the development of powerful quantum computers and bolster cybersecurity against future threats. The US aims to have key government systems protected by post-quantum cryptography by 2030-2031, while also pushing for the deployment of advanced quantum sensors by 2028. This move signals…

The Economic Times

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Oil gains after selloff, awaits progress on Strait of Hormuz flows

Oil prices saw a slight rebound Tuesday, recovering from Monday's sharp decline. This uptick follows tempered optimism surrounding U.S.-Iran peace talks and a potential easing of tensions in the Strait of Hormuz. Investors are cautiously awaiting concrete signs of restored crude flow through the vital waterway, with market skepticism remaining…

The Economic Times

Talent shortage slows AI project progress beyond pilot stages

India faces a looming AI talent crisis, with projections indicating a shortage of over a million professionals by 2027. Companies are struggling to move AI projects beyond pilot phases due to a significant gap in skilled workers, particularly in deployment roles. This demand-supply imbalance is driving up salaries and impacting…

The Economic Times

Software-hardware loop fuelling all new AI super cycle

While energy and cooling challenges persist, a lot more hardware requirements are expected to emerge, Synopsys CIO Sriram Sitaraman told ET. While energy and cooling pose challenges, innovation is anticipated to overcome these. Enterprises are also seeing productivity boosts from AI in repetitive tasks, shifting towards efficient model usage and…

The Economic Times

As AI adoption grows, token consumption comes under close scrutiny

Businesses are facing hefty AI bills, prompting a shift from simply counting AI tokens to scrutinising their actual value. Companies are now tracking cost per outcome and implementing stricter controls like usage dashboards and approval mechanisms. Firms are exploring cheaper models and consolidating tools to manage expenses and ensure measurable…

The Economic Times

Cybersecurity firm Mitigata raises $15 million funding led by Bessemer Venture Partners

Bengaluru-based cybersecurity firm Mitigata has secured $15 million in a funding round led by Bessemer Venture Partners. The capital infusion will fuel headcount expansion, bolster research and development, and drive international market entry into the Middle East and Southeast Asia. Mitigata's AI-powered platform offers comprehensive cybersecurity solutions, addressing the escalating…

The Economic Times

Next ECMS tranche likely in August, to target rare earths, components

Government officials anticipate announcing the next wave of Electronic Component Manufacturing Scheme (ECMS) beneficiaries next month. The focus will be on domestic production of crucial upstream components and high-precision equipment. Firms investing in design capabilities are being prioritized, following a directive to ensure deeper value chain integration. The scheme has…

The Economic Times

A new bunch of AI spin-offs ripe for the picking

Indian tech unicorns are transforming their internal AI tools into independent businesses, mirroring successes like Amazon Web Services and Slack. Companies such as NoBroker, Moglix, Apna, and Practo are leveraging years of accumulated data and domain expertise to launch AI-powered platforms. This strategic pivot capitalizes on the current AI wave,…

The Economic Times

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Young, loss-making startups keep OFS portion lean as investor scrutiny grows

New-age, loss-making startups are prioritising large fresh issue components in their IPOs to fund growth, a shift from the 2021-22 cycle. Investors now prefer capital infusion for scaling and profitability over large shareholder exits. Companies like Zepto, Ola Electric, and PhysicsWallah exemplify this trend, signalling a market demand for businesses…

The Economic Times

NPCI plans to enable unified e-mandate tracking for all UPI apps

The National Payments Corporation of India is set to unify UPI e-mandate management for all third-party apps, allowing users to view subscriptions in one place. While viewing will be centralised, cancellations will still require visiting the original booking app. This move aims to simplify the rapidly growing UPI AutoPay feature,…

The Economic Times

Former US Fed chairman Alan Greenspan passes away at 100

Alan Greenspan, former US Federal Reserve chief, has passed away at 100. He steered the American economy through significant events like the 1987 stock market crash and the dot-com bust. While lauded for his steady leadership during economic expansions, he faced criticism for not curbing market excesses before the 2008…

The Economic Times

Idiom of the Day: 'Like a phoenix rising from the ashes...'- Meaning, origin, and life lessons on failure and resilience

Life's setbacks, whether personal or professional, often feel like an end. However, the powerful idiom 'like a phoenix rising from the ashes' highlights our innate ability to overcome destruction and emerge stronger. This ancient symbol of rebirth teaches resilience, transformation, and the courage to rebuild after loss, reminding us that…

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The Economic Times

Does planting more trees on farmland actually hurt bird populations? Here's what a new study reveals about hidden risks of tree planting

New research from Japan reveals that planting trees for conservation, while beneficial for some birds, can negatively impact species reliant on open agricultural wetlands. Shelterbelts, intended to protect crops, were found to significantly reduce grassland bird populations and wetland species diversity. This highlights a critical trade-off, suggesting that well-intentioned tree…

The Economic Times

French Proverb of the Day: 'Don’t aim for success if you want it; just do what you...'- A timeless lesson about passion, perseverance and purpose

A timeless French proverb advises against chasing success directly. Instead, it suggests focusing on doing what you love and believe in, asserting that fulfillment and achievement will naturally follow. This wisdom highlights that genuine passion fuels consistent effort and resilience, leading to meaningful accomplishments. The saying encourages a purpose-driven approach…

The Economic Times

Psychology says people who take short breaks for tea, coffee or chats aren't avoiding work: What this habit reveals?

Psychology says people who take short breaks for tea, coffee or chats aren't always avoiding work. Research in psychology suggests that planned short breaks can support attention, reduce mental fatigue, and improve focus. The way people use these breaks also depends on the workplace, personal habits, and workload. Understanding this…

The Economic Times

Who is Messi's wife? A family photo sparks fan frenzy before crucial Argentina World Cup match- Here's how Lionel Messi responded

Lionel Messi shared a heartwarming moment with his wife, Antonela Roccuzzo, after she posted a family photo before an Argentina World Cup game. The soccer superstar, who has achieved immense success on and off the field, is married to Roccuzzo, his childhood sweetheart. The couple, parents to three sons, are…

The Economic Times

Japanese proverb of the day: 'If you have no failure in life, you will...' - this Japanese saying reveals why failure might be the key to success and inspirational life lessons on personal growth and importance of learning from mistakes

Japanese proverb of the day: A Japanese saying suggests that a life devoid of failure ultimately leads to failure. This wisdom highlights that setbacks are not the antithesis of success but rather crucial stepping stones for personal growth and resilience.

The Economic Times

Best proverb of the day: 'A false friend is like a...' Life lessons from African proverb on fair-weather friends, true character, resilience, discernment and loyalty

Best proverb of the day reminds us that not every person who stands beside us during success will remain during difficult times. The African proverb, "A false friend is like a shadow; they are only with you when the sun is shining," teaches lessons about loyalty, resilience, discernment, trust and…

The Economic Times

Life lesson of the day by the Victorian-era English novelist George Eliot: 'It is never too late to be what you might have been...'- 'Middlemarch' author's timeless life lesson on why it’s never too late to become who you were meant to be

Life lesson of the day: George Eliot's enduring wisdom, "It is never too late to be what you might have been," resonates powerfully. Her own life, marked by a late start to her literary career, exemplifies that age and past circumstances need not define our potential. Eliot's journey underscores the…

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