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The Latest Breaking News from the Economic Times

Lenskart Solutions sees Rs 1,862-crore block deal; ADIA likely seller

Eyewear retailer Lenskart Solutions experienced a significant block deal valued at Rs 1,862 crore. Abu Dhabi Investment Authority, through its investment vehicle, sold a portion of its shares. This follows a similar stake sale by SoftBank. Despite early investors reducing holdings, Lenskart's revenue surged in the January-March quarter. The company…

The Economic Times

India's exporters built a $420 billion services economy. This is the award they deserve.

The Payoneer India Cross-Border Excellence Awards 2026 offer Indian exporters the most consequential opportunity to get recognised this year. Here’s why it matters, and why you should not let it pass.

The Economic Times

Employee shocked after discovering salary cut for every leave day despite annual leave entitlement

A Kochi-based manager is raising concerns after their employer deducts salary for approved annual leave, a policy not disclosed during hiring. Despite being offered 15 days of leave, the employee found their pay reduced monthly, with HR explaining reimbursement occurs annually. This practice impacts monthly finances and has prompted the…

The Economic Times

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ED summoned Zepto founders under FEMA ahead of IPO: Here’s what the updated DRHP reveals

Quick commerce platform Zepto disclosed that its founders, Aadit Palicha and Kaivalya Vohra, were summoned by the Enforcement Directorate (ED) in April 2026 concerning FEMA. The founders provided requested documents related to foreign investments and business operations. Zepto is proceeding with its $1 billion IPO, aiming for a July listing.

The Economic Times

Bengaluru professional says Mumbai's biggest surprise wasn't its weather or traffic, but this everyday experience

A talent acquisition manager's viral LinkedIn post highlights Mumbai's auto-rickshaw drivers' unexpected courtesy. After a driver went out of his way to help him find another ride without charge, the manager drew parallels to recruitment, emphasizing how small acts of respect and consideration leave a lasting impression on candidates, far…

The Economic Times

Someone will define India's export excellence in 2026. Make sure it’s you

With India's exports hitting record highs, the Payoneer India Cross-Border Excellence Awards give the businesses driving that rise a stage worthy of their effort and ambition.

The Economic Times

Bitcoin Plunges, Ethereum Hits Lowest Level Since April 2025 As Crypto Selloff Deepens

The cryptocurrency market has shed hundreds of billions in value this week as investors pull money from crypto funds and move toward other asset classes.

International Business Times

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Market wrap: Sensex closes flat, Nifty holds 23,400; Titan, Eternal lead gains

Indian stock markets finished the trading session with minor gains. The Sensex and Nifty saw fluctuations throughout the day before settling higher. India VIX, a measure of market volatility, experienced a notable decline. This indicates a period of relative stability after intraday movements. Investors observed the market's performance as it…

The Economic Times

Sensex recovers 700 points from day’s low, Nifty rises above 23,450. 5 key factors behind market rebound

Indian stock markets staged a strong comeback, with Sensex and Nifty recovering significantly from morning lows. Falling oil prices, a strengthening rupee, and potential scrapping of capital gains tax on FPI investments in government securities boosted investor confidence. Broader markets also saw a sharp rebound, indicating positive sentiment despite recent…

The Economic Times

IndusInd Bank shares fall 3% after fresh whistleblower complaint reaches PMO, RBI

IndusInd Bank shares fell on Wednesday after a fresh whistleblower complaint was sent to the Prime Minister’s Office, RBI, and other regulatory agencies, seeking an investigation into alleged insider trading, governance lapses, and deficiencies in audit and forensic reviews.

The Economic Times

Vedanta, Hindustan Zinc shares fall after metals giant confirms ED visits to offices

Vedanta and Hindustan Zinc shares dipped after the Enforcement Directorate visited some of their offices as part of a FEMA probe. The companies confirmed the visits and stated they are fully cooperating with the authorities. This news comes after Vedanta's recent demerger and a positive rating upgrade from ICRA.

The Economic Times

'I think it's a good thing': Intel seemingly 'welcomes the competition' from Nvidia RTX Spark CPU — but I doubt that's the case behind closed doors

Intel is playing it cool about Nvidia's new CPU, but I suspect that in reality it's worried that this could be bad news for its laptop dominance.

TechRadar

Tata Sons IPO: Tata Chemicals, Tata Investment Corp shares tumble 3%. Here's why

Shares of Tata Chemicals and Tata Investment Corporation fell around 3% after reports claimed Tata Trusts Chairman Noel Tata had written to the RBI opposing a potential Tata Sons listing. According to the report, Tata Trusts fears a public listing could shift Tata Sons’ focus towards short-term market pressures and…

The Economic Times

Zee Entertainment shares surge 20% in 5 days. What's behind the rally?

Zee Entertainment shares rallied 20% over the past five trading sessions, hitting a nearly six-month high and adding more than Rs 1,660 crore to the company's market value. The surge has been driven by expectations that Zee could secure the India media rights for the 2026 FIFA World Cup.

The Economic Times

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The Economic Times

JP Power shares surge 28% in 2 days, Adani Power hits fresh 52-week high amid optimism around stake acquisition

Jaiprakash Power Ventures shares surged on Friday, extending their two-day rally to 28%, amid strong investor optimism surrounding Adani Power’s proposed stake acquisition in the company. JP Power stock climbed to Rs 24.50 and is up nearly 31% this week, with heavy trading activity as over 24 crore shares worth…

The Economic Times

Reliance Jio IPO soon? Mukesh Ambani to provide update on $4 bn public issue at upcoming AGM, says report

Mukesh Ambani is expected to share an update on Jio Platforms’ anticipated IPO at Reliance Industries’ June 19 AGM. Reports suggest Reliance is shifting towards a fresh issue structure to protect retail investors and strengthen Jio’s long-term growth and transparency roadmap.

The Economic Times

Why founders across India are signing up for the One of a Kind Startup Awards 2026

The One of a Kind Startup Awards 2026, presented by The Economic Times and Cashfree Payments, is actively seeking early-stage, internet-first founders. With applications closing May 31, this award offers a unique platform to gain visibility with investors and industry leaders. The awards celebrate diverse early-stage excellence across five distinct…

The Economic Times

One Of A Kind Startup Awards 2026: Finally, recognition for startups that put customers first

The One Of A Kind Startup Awards 2026 recognises startups redefining customer experience in India’s digital-first economy. Presented by The Economic Times and Cashfree Payments, the awards celebrate ventures building customer trust, loyalty, and advocacy while offering winners industry recognition, ecosystem visibility, and high-value growth benefits.

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The Economic Times

OpenAI IPO coming soon? ChatGPT-maker likely to confidentially file draft papers for world’s biggest-ever IPO tomorrow

Sam Altman-led OpenAI is reportedly preparing to confidentially file draft papers for its IPO as early as Friday, according to CNBC, in what could become one of the biggest public listings ever. The ChatGPT-maker, valued at over $850 billion by private investors, is said to be working with Goldman Sachs…

The Economic Times

No broadcaster for World Cup? What FIFA’s India standoff could really cost

As FIFA gears up for the 2026 World Cup, it encounters a broadcasting conundrum in India. Following a surge in online viewership during the 2022 tournament, local broadcasters are cautious about FIFA's steep pricing demands.

The Economic Times

Zydus Lifesciences shares jump 6% on buyback buzz; co announces $166 mn Assertio acquisition

Zydus Lifesciences shares witnessed a spike on Thursday after the company said its board will meet on May 19 to consider a share buyback. The stock also gained momentum as Zydus announced a $166 million acquisition of US-based Assertio. Investor sentiment improved on expectations of capital return and strategic business…

The Economic Times

ET Alpha Wealth Summit: Market titans decode AI, wealth creation & India’s next investment cycle

As markets grow volatile, the Economic Times' Alpha Wealth Summit in Mumbai will gather experts to discuss future wealth creation. Sessions will cover finding alpha, building a Rs 100 crore portfolio in a lower-return environment, and navigating India's next decade amidst AI's rise.

The Economic Times

Adani Enterprises shares jump 5% after nearly 60 lakh shares worth Rs 1,435 crore change hands in block deal

Adani Enterprises shares surged over 5% following a substantial block deal worth Rs 1,435 crore. Despite a Q4 net loss, revenue climbed 20%, driven by infrastructure and utility segments contributing 80% of EBITDA. The company highlighted a stable, infrastructure-led business model poised for sustained cash generation and value creation.

The Economic Times

Missiles over Dubai rattle the Gulf’s billion-dollar money machine

The Gulf's image as a safe financial haven is under strain as regional conflicts disrupt deals and deter investors. Once booming IPO markets are slowing, with billions in transactions stalled. Even Dubai's property sector and major projects face delays and rising costs, forcing a reassessment of risk premiums.

The Economic Times

Inside the jury shaping the One Of A Kind Startup Awards

The One of a Kind Startup Awards 2026, presented by The Economic Times and Cashfree Payments, is seeking India's most promising internet-first startups. A distinguished jury of investors, a unicorn founder, and a policymaker will evaluate entries, bringing a wealth of experience in building and scaling category-defining companies.

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