The Economic Times
Latest crypto news and market updates from The Economic Times.
Stones, eggs hurled at car of Mamata camp's TMC MLA Kunal Ghosh in BengalKunal Ghosh, a TMC MLA, faced an attack on his vehicle in Uttarpara while heading to a meeting. Protesters surrounded his car and hurled stones and eggs, leading to a broken rear windshield. Ghosh condemned the incident, claiming it represented lawlessness and lack of police presence. TMC leaders accused the BJP of orchestrating the pre-planned attack, while BJP MLA Dipanjan Chakraborty described it as public response.The Economic Times
'Voices are rising from within EC': Pawan Khera says CEC 'safety lies in resigning' amid SIT rowCongress leader Pawan Khera has called for the resignation of Chief Election Commissioner Gyanesh Kumar amidst ongoing electoral controversies. A Supreme Court plea has been filed seeking an investigation into Kumar's alleged unilateral decision-making in the Election Commission. Opposition parties have expressed concerns over electoral transparency and have demanded accountability from the Election Commission. Protests have erupted nationwide, with Congress workers advocating for fair electoral practices and accountability.The Economic Times
Congo plane crash kills 14, including 2 officialsIn a devastating plane crash in Congo, 14 lives were lost, including notable figures such as Lieutenant General Mutombo Katalayi Tiende. The aircraft, which was en route to Kinshasa from Kikwit, suffered from a technical malfunction that resulted in the tragic accident in Kenge. Authorities are conducting a thorough investigation to ascertain the reasons behind this disaster.The Economic Times
Economic Affairs Secretary underlines need for household savings to be channelled into India's financial sEconomic Affairs Secretary Anuradha Thakur emphasised India's potential for greater global financial integration. She highlighted the importance of household savings contributing to a stable financial system and the need for ongoing reforms.The Economic Times
Amazon to bet $3 billion on India's fast-delivery boom, sources sayAmazon has announced plans to invest $3 billion in its quick commerce business in India by 2030. This investment aims to expand its network of small neighborhood warehouses to improve delivery efficiency. Amazon is focusing on daily essentials rather than one-off purchases in this sector. Current competitors have established loyalty among customers, making competition more challenging for Amazon.The Economic Times
ONGC Videsh eyes Venezuela oil assets after US green lightAn Indian investment team is reviewing Venezuelan oil assets after receiving US government approval. This visit marks the first such trip in several years for the company. The team plans to see oil fields and meet with Venezuelan energy officials. They are keen to become operators of existing oil projects and enhance production. This development occurs as Venezuela's oil sales to India are recovering.The Economic Times
India needs to build advanced tech capabilities, reduce import dependence: Hyundai CEO Tarun GargHyundai Motor India MD and CEO Tarun Garg urged India to develop advanced technology capabilities. He stated the nation must move beyond manufacturing scale and reduce import dependence. India's automotive industry has shown resilience and needs to focus on global leadership. The focus should shift from Make in India to Design and Engineer in India . This will help build domestic technology and intellectual property for future growth.The Economic Times
Japan’s JCRA upgrades India’s rating to A-Japan Credit Rating Agency (JCR) has upgraded Indias sovereign rating by one notch to A- from BBB+, with a Stable outlook, citing sustained economic growth, stronger financial-sector soundness and policy measures supporting development. India grew 7.7% in real terms in FY2026, while its fiscal deficit narrowed and banking-sector asset quality improved.The Economic Times
Nepal floods bring strange fish to BiharNepal unusual fish found in Bihar: Nepal flood has swept an unusual fish into Bihars Gandak basin. The floodwaters from Nepal have prompted the state government to advise residents of West Champaran and Gopalganj not to eat, buy or sell unidentified fish until their safety is confirmed. The consumption of the fish may develops health issues like vomiting, diarrhoea, abdominal pain, dizziness or breathing difficulty.The Economic Times
TCS iON flags ‘unknown electrical issues’ behind Jaipur NEET-PG exam outageInternal power failures at a Jaipur TCS iON exam centre disrupted NEET-PG and AIIMS CRE tests. Unknown local electrical issues caused these significant disruptions for many candidates. Authorities and TCS iON are working to resolve the problems and prevent future occurrences. The NEET-PG exam was rescheduled for all affected candidates at the centre. Candidates reported repeated system crashes during the examination process.The Economic Times
Doomsayers doomed, India bloomed: PM Modi after Q1 GDP growth quickens to 7.8% amid global tensionsIndia achieved a strong 7.8% GDP growth in the first quarter of FY27. Prime Minister Narendra Modi described this economic performance as a significant accomplishment. The nation's economy demonstrated resilience amidst global uncertainties and oil price shocks. Supply chain disruptions also presented challenges which were overcome by collective strength. This growth confirms India's sustained economic momentum despite external pressures.The Economic Times
FDA buckles under HC heat, revives Mumbai Cricket Association's suspended eateries after fresh inspectionThe Bombay High Court warned food officials, leading to a license suspension withdrawal. Restaurants on Mumbai Cricket Association premises will now reopen their services. A recent inspection confirmed 88 percent compliance with food safety rules. The court criticized the FDA for a pedantic rather than pragmatic view. Officials faced potential contempt action for disobeying court orders.The Economic Times
Maharashtra FDA cancels licence of Cipla's Pune unitMaharashtra FDA cancelled Cipla's Pune unit drug sale licences. Serious irregularities in storage and recall procedures were cited by the regulator. The company failed to fully comply with market recall directions for Reactin Plus Tablets. Further non-compliance was discovered in the unit's distribution and sales system.The Economic Times
Nepal faces secondary flash flood threat as debris forms dam: ICIMOD cryosphere specialistNepal faces secondary flash flood risks as debris forms a temporary dam. Over 470 people have died and nearly 1,000 are missing from recent floods. Researchers are investigating an ice-rock avalanche as the initial disaster cause. A similar event in Chamoli, India, saw a gradual lake breach without a major flood. Nepal has issued a new flood warning after water levels rose at the affected site.The Economic Times
Indian Bank turns to gold loans, treasury gainsIndian Bank anticipates treasury income between Rs 1,000 and Rs 1,500 crore this fiscal year. The lender expects its gold loan book to surpass Rs 1.5 lakh crore during this period. Gross non-performing assets are targeted to decrease to 1.5-1.6 percent by year-end. The bank plans to sell Rs 200 crore in bad loans to an asset reconstruction company.The Economic Times
India to seek greater Japan market access for basmati rice in CEPA review:Piyush GoyalIndia will seek greater market access for basmati rice in Japan. The nation also plans to expand processed food exports during trade agreement talks. Japan restricts rice imports, which India aims to address through discussions. Indian exporters must meet Japan's quality and safety standards for processed foods. The country is also focusing on infrastructure and manufacturing growth.The Economic Times
Are CGHS centres closed from August 27-31, 2026? Ministry responds as confusion prevailsA fake notice falsely claimed CGHS wellness centres closure due to NEET-PG examination duties. The Directorate of CGHS and PIB Fact Check have denied the authenticity of this notice. Beneficiaries are advised to rely only on official CGHS communication channels. Necessary arrangements will ensure uninterrupted services for all CGHS members.The Economic Times
Apple’s iPhone 18 Pro launch gets a September dateApple's next launch event is scheduled for September ninth, revealing the iPhone eighteen Pro lineup. Component costs and increased demand may drive up the iPhone eighteen Pro's price. The new models could feature an A20 Pro chipset and improved camera hardware. RAM upgrades and brighter displays are also anticipated for the Pro models. Official India pricing will be announced by Apple during the upcoming launch event.The Economic Times
US tariffs hit Canada's 70-year-old honey farmA 70-year-old family-run Canadian honey farm is facing a potential financial crisis after the United States imposed a 50% tariff on Canadian goods, including natural honey. With around 90% of Podolski Honey Farms production sold to American customers, general manager Osee Podolsky says the new duties could make exports unviable and push the Manitoba business toward bankruptcy.The Economic Times
Rahul Gandhi says women belong to themselves, rejects Manusmriti's prescription about their identityRahul Gandhi passionately asserted that women are independent individuals who do not belong to their male relatives. He denounced the outdated perspectives of the Manusmriti that enforce female dependence. With the dreams and aspirations of seventy crore women, India's true potential can be unlocked. He stressed that women represent the nation’s greatest strength and should empower themselves with self-belief and confidence.The Economic Times
India's 1st big biopolymer plant set for Oct launchIndia's first large-scale biopolymer plant in Lakhimpur Kheri is nearing its October operational launch. This pioneering project will convert locally grown sugarcane into PLA-based bioplastic. The facility features a Zero Liquid Discharge system to prevent harmful liquid waste. Chief Minister Yogi Adityanath laid the foundation stone for this significant industrial development.The Economic Times
Gas prices fall, US wholesale inflation cools in JulyWholesale inflation saw a notable decrease last month, easing price pressures. Gas prices reversed some earlier increases, contributing to this cooling trend. Core wholesale inflation also dropped, indicating broader price moderation across sectors. This development provides the Federal Reserve more flexibility regarding interest rate decisions. Consumer prices continue to outpace wages, presenting ongoing affordability challenges for many Americans.The Economic Times
Air India Phuket-Delhi flight had hydraulic failuresAir India flight AI2379 from Phuket to Delhi experienced technical warnings on August 4. The Airbus A320 aircraft suffered a sudden 300-foot altitude drop over Odisha. This incident resulted in injuries to twenty passengers and four cabin crew members. A post-flight maintenance report revealed multiple system warnings and alerts.The Economic Times
Indian envoys meet Nepal, Bangladesh PMsNepal's Prime Minister Balendra Shah met Indian envoy Naveen Srivastav, ending his ban on individual foreign envoy meetings. Bangladesh Prime Minister Tarique Rahman also met Indian High Commissioner Dinesh Trivedi in Dhaka. Bangladesh again sought the extradition of Sheikh Hasina for student leader Osman Hadi's murder. Rahman will attend the BRICS summit outreach meeting as BIMSTEC chair. Both meetings aim to advance bilateral ties and cooperation between the nations.The Economic Times
Traffic through Hormuz dwindles this weekShipping traffic through the Strait of Hormuz has significantly decreased this week. Markets are closely watching Iran and Oman talks for waterway reopening signs. Several Chinese and Indian refiners seek discounted crude oil from Iraq. However, shipowners remain wary of entering the waterway due to risks. Meanwhile, traffic through the Bab el-Mandeb strait on the Red Sea has increased.The Economic Times
US may face tough missile choices amid Iran warUS Iran war news: American military commanders warn of hard decisions regarding missile defense resources. Ongoing conflict with Iran is heavily pressuring United States military stockpiles. US European Command chief alerted Pentagon about insufficient naval assets for Israel's defense. Shrinking missile stocks raise concerns about future conflict readiness and replenishment timelines. Analysis indicates significant depletion of advanced missile inventory over recent weeks.The Economic Times
Iran issues fresh oil threat as Hormuz tensions riseIran warns of regional oil disruption if its exports are blocked. The United States conducted further strikes against Iran's infrastructure. President Trump threatened to destroy Iranian bridges or power plants. Diplomatic efforts show little public sign of progress between the nations. The conflict threatens worldwide economic disruption and rising fuel prices.The Economic Times
'152 paper leaks in 10 yrs': RaGa's new claimRahul Gandhi highlighted recurring examination paper leaks affecting millions of students. He stated approximately one paper leaks each month over the past decade. This situation has led to widespread student protests across the nation. Gandhi criticized the government's handling of these peaceful student demonstrations. He also noted the immense stress and pressure faced by students due to these irregularities.The Economic Times