The Economic Times
India · English · Digital
A business and financial news outlet covering economic trends, stock markets, and corporate developments in India and globally.
- Top beat: Business
- Tracked since 2026
- 8 India peers
Latest stories
- US Stocks: Nasdaq, S&P end lower as tech megacap declines outweigh upbeat chip outlookUS stocks saw mixed results with Nasdaq and S&P declining due to concerns over Big Tech's AI spending, while the Dow rose. Micron's strong earnings were overshadowed by worries about debt-backed spending and potential Fed rate hikes.
- Xbox to raise console prices worldwide from AugustMicrosoft's Xbox is increasing console prices by up to $150 globally from August due to a components crisis and rising memory chip costs, while also discontinuing its 2TB model and planning layoffs.
- Foxconn subsidiary acquires shares in India unit for $37.2 millionFoxconn subsidiary acquired shares in its India unit for $37.2 million as part of long-term investment strategy.
- Binance to suspend crypto services in several EU countriesBinance will suspend crypto services in several EU countries as it failed to secure regulatory approval under the EU's MiCA framework, withdrawing its application in Greece and planning to apply in another EU country.
- Binance to suspend crypto services in several EU countriesBinance will suspend crypto services in several EU countries as it failed to secure regulatory approval under the MiCA framework, withdrawing its application in Greece and planning to apply in another EU country.
- Over 78% of firms expect AI agents to handle customer support within 18 months, Adobe findsIndian businesses anticipate widespread AI agent adoption for customer support within 18 months but face challenges in data infrastructure and consumer trust, according to Adobe's report.
- Italy's Domyn to launch open source frontier AI model within a yearItaly's Domyn plans to launch a large open-source AI model with over 400 billion parameters within a year, supported by the European Commission to enhance Europe's AI autonomy.
- US says in talks with India on Anthropic Fable model rolloutThe US and India are in high-level discussions about the rollout of advanced AI models like Anthropic's Fable, focusing on security and reliable access for critical infrastructure. The US is taking a gradual approach to ensure safety, while India seeks clarity on regulations and uninterrupted access to AI technologies.
- Micron joins rivals pitching AI deals as cure for memory's boom-bust cycleMemory chipmakers like Micron are using long-term supply deals to stabilize their markets and ensure cash flow amid AI demand, aiming to break the historical boom-bust cycle.
- US inflation tops 4% for first time in three years, keeping Fed hike in playU.S. inflation hit 4.1% in May, the highest in three years, driven by energy prices and the Middle East conflict, keeping the Federal Reserve's potential rate hike in play despite recent oil price declines.
- UK overtakes India in global unicorn rankings as AI-driven valuations surge: HurunIndia fell to fourth in global unicorn rankings as the UK overtook it, with AI and cybersecurity driving significant valuations worldwide.
- Pakistan's Gen Z taking to investing in stocks in big way, claim stock managersPakistan's Gen Z is significantly increasing stock market participation, accounting for 41% of new accounts in FY25-26, though overall investment levels remain low compared to regional peers. The KSE 100-Index has seen substantial gains, driven by improved investor confidence and IMF support.
- Amazon CEO meets Modi; Delhivery investors cash outAmazon announces $48 billion India investment plan, Delhivery investors cash out, and BHIM expands beyond UPI.
- US announces PaxPass to streamline the movement of critical AI goods at Pax Silica summitThe US introduced PaxPass at the Pax Silica summit to streamline critical AI goods movement, backed by $50 million in funding, alongside workforce development initiatives.
- US lawmaker proposes bill to require AI companies to report critical incidentsA US lawmaker proposes a bill requiring AI companies to report critical incidents like security breaches and dangerous capabilities to the Commerce Department, aiming to enhance safety and address national security risks.