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The Economic Times

Economy / The Economic Times

Sam Altman says we are now in the singularity, OpenAI CEO reveals why he believes humanity has entered an AI era once thought possible only in science fiction

OpenAI CEO Sam Altman says humanity has entered the singularity, a point where artificial intelligence is advancing beyond what once seemed possible only in science fiction. Speaking on the Relentless podcast, Altman called the moment hugely positive while reiterating warnings that AI could replace 30% to 40% of today's jobs.

27 Jul 2026 4:00 pm
Quote of the day by Sholom Aleichem, 'Life is a dream for the wise, a game for the fool, a comedy for the rich, a tragedy for the poor' offers inspiring life lesson on the way we see the world, reveals psychology behind emotional well-being, positive life-style in today's social media-driven world

Quote of the day by Sholom Aleichem remains one of Sholom Aleichem's most enduring observations because it captures the many ways human beings experience the same world differently. For readers in the United States and around the globe, the message offers a timely reminder that wisdom begins with understanding, prosperity carries responsibility, hardship deserves compassion, and every individual deserves dignity. In a society shaped by diverse backgrounds and experiences, the ability to see life

27 Jul 2026 3:50 pm
Why El Nio's promise of a quieter hurricane season may not guarantee good news for insurers

El Nino traditionally lowers hurricane risk for insurers. However, coastal growth and rising property values change this assumption. Even quiet seasons can cause severe losses due to increased exposure. Insurers now focus on landfall location and property value for risk assessment. Sophisticated models are being developed to address complex climate challenges.

27 Jul 2026 3:47 pm
Quote of the day by Joan of Arc, 'Get up tomorrow early in the morning, and earlier than you did today, and do the best that you can' reveals psychology behind waking up early, offers timeless inspiring motivational healthy life advice on 'success', 'discipline'

Quote of the day by Joan of Arc remains a timeless reminder that extraordinary achievements often begin with ordinary daily habits. Joan of Arc understood that greatness is built through consistent effort, personal responsibility, and unwavering determination. The words of wisdom continue to inspire because they celebrate something available to everyone: the opportunity to make tomorrow better than today. Every morning offers a fresh beginning, another chance to learn, and another opportunity to

27 Jul 2026 3:41 pm
Commonwealth Games 2026: Murali Sreeshankar qualifies for long jump finals

Indian long jumper M Sreeshankar has reached the finals of the Commonwealth Games. He achieved direct qualification by clearing the standard in his first attempt. Sreeshankar's jump of 8.01 meters secured his spot in the medal contention. The athlete aims to improve his silver medal from the previous edition. He is a strong contender for a medal in Glasgow.

27 Jul 2026 3:41 pm
SC reserves order on Abu Salem's plea for release after 25 years in jail

The Supreme Court on Monday reserved its order on gangster Abu Salem's plea seeking release from prison, in which he argued that he has completed the maximum 25-year jail term permitted under the India-Portugal extradition agreement. During the hearing, the bench questioned his claim that remission could be counted towards the 25-year limit, while Salem's counsel argued his undertrial custody and earned remission should be considered. The Bombay High Court had earlier rejected his plea, saying t

27 Jul 2026 3:38 pm
'Set countless milestones': Union Home Minister Amit Shah greets CRPF personnel on raising day

Union Home Minister Amit Shah praised the Central Reserve Police Force on its raising day. He highlighted the force's significant contributions to India's internal security efforts. Shah acknowledged the CRPF's role in combating Naxalism and maintaining peace across the nation. He extended greetings to all CRPF personnel and their families for their service. The minister also paid tribute to the warriors who sacrificed their lives in duty.

27 Jul 2026 3:34 pm
Deep depression over Bay of Bengal to bring very heavy rainfall over south Bengal districts: IMD

Heavy rainfall is expected in south Bengal districts until July twenty-eighth. The deep depression over the Bay of Bengal will cross the Bengal-Odisha coasts soon. Coastal districts will receive very heavy and heavy downpours until Tuesday. Fishermen are advised not to venture into the sea due to rough conditions. Sub-Himalayan districts may experience isolated heavy precipitation until August first.

27 Jul 2026 3:32 pm
At 36, Kriti Sanon stuns with her Cocktail 2 toned body look. Actress' trainer replaced extreme cardio for incline walks. Top 5 benefits explained

Kriti Sanon's fitness transformation for Cocktail 2 is still most-talked topic. Her trainer revealed incline walking played a major role in her toned physique. The focus was on looking fit and lean without losing natural glow. She followed a high-protein diet and strength training while staying active. This approach prioritised muscle preservation and fat loss for a healthy appearance.

27 Jul 2026 2:57 pm
On whose orders were AK-47 bullets fired?: Tejashwi Yadav demands judicial probe into Siwan firing, warns of massive agitation

Tejashwi Yadav demanded a judicial inquiry into AK-47 firing during a Siwan student protest. He questioned who authorized the use of firearms and held the state government accountable. Yadav warned of a massive agitation if student cases were not withdrawn and students were not released. He alleged that AK-47 bullets were fired aiming at protesters, injuring three students.

27 Jul 2026 2:57 pm
Infosys fined around 2 crore in France over employee time-tracking system

A French labor authority imposed a 175,000 fine on Infosys for shortcomings related to its working-time recording system compliance. The authority highlighted issues surrounding the system's reliability and auditability. Nonetheless, Infosys has reassured stakeholders that the financial impact will be negligible as they assess the situation and outline their next steps.

27 Jul 2026 2:55 pm
MRPL seeks crude via tender avoiding Red Sea and Hormuz, document shows

Mangalore Refinery and Petrochemicals Ltd is seeking oil imports via a spot tender. The company has asked suppliers to avoid the Red Sea and Strait of Hormuz. This precautionary measure aims to prevent potential disruptions to key maritime oil trade routes. The refiner previously did not award a tender seeking oil imports. This clause will remain in future tenders if the Middle East situation does not improve.

27 Jul 2026 2:45 pm
22-year-old Canada man says his Indian parents are saving wrong: They put Rs 50K of the Rs 70K he sends into chit funds; then ask more for bills and emergencies

A 22-year-old Indian man working in Canada says he sends Rs 70,000 every month to support his family in India, but claims his parents lock Rs 50,000 of that into chit funds each month, leaving just Rs 20,000 for all household expenses. He says he is then asked for additional money to cover basic bills, and has already sent over Rs 16 lakh in total.

27 Jul 2026 2:45 pm
India begins to China-proof its infra push after the TBM shock

India is accelerating efforts to localise mining and construction equipment manufacturing after Chinese export delays disrupted supplies of tunnel boring machines (TBMs) for key infrastructure projects. A proposed incentive scheme aims to reduce import dependence, strengthen supply chains, boost domestic manufacturing, expand exports and support India's ambitious infrastructure, mining and critical minerals development over the coming decades.

27 Jul 2026 2:42 pm
Psychology explains why spending money on experiences makes people happier than buying things, and what decades of research reveal

Psychological research indicates experiences provide more lasting happiness than material goods. Experiences become part of our identity, unlike possessions which fade. Anticipating trips and events brings joy long before they happen. Shared experiences strengthen social bonds, which are key to wellbeing. Investing in experiences offers a better path to long-term happiness.

27 Jul 2026 2:40 pm
Strong El Nino could push global temperatures above 2C in early 2027

A powerful El Nino may push global temperatures above two degrees Celsius in early 2027. This significant milestone, if reached, would be a first recorded instance of such warming. Researchers link recent temperature surges partly to aerosol pollution reductions. India has already experienced hotter and drier conditions due to the El Nino pattern. Extreme weather events are becoming more frequent globally, impacting various regions.

27 Jul 2026 2:30 pm
African proverb of the day: If a snake does not show its venom, children will... - Life lessons on setting healthy boundaries when kindness is mistaken for weakness

African proverb: The African proverb of the day highlights how failing to show strength invites mistreatment from others. When limits are not clearly communicated, people tend to underestimate your value. This can lead to individuals feeling overworked and taken for granted in various settings. Setting boundaries is crucial for maintaining dignity and emotional well-being today. Assertiveness communicates that your kindness is a conscious gift, not an endless resource.

27 Jul 2026 2:14 pm
Why compact SUVs continue to dominate Bengaluru's used car market

Bengaluru buyers favor compact SUVs due to city roads and monsoon conditions. These vehicles maintain their value better than sedans in the used car market. Hyundai Creta, Maruti Brezza, and Tata Nexon are popular pre-owned choices. Buyers meticulously analyze total ownership costs before making purchase decisions. Electric compact SUVs may gain traction as charging infrastructure develops.

27 Jul 2026 2:09 pm
ISSF World Cup: Esha Singh wins gold, Olympic medallist Manu Bhaker takes bronze in women's 25m pistol

In an impressive display of talent, Esha Singh won gold in the women's 25m pistol event, while Manu Bhaker achieved bronze in a thrilling finale. Esha reflected on her triumph over mental challenges and the joy of shooting in Hangzhou, and Manu expressed that her medal is a crucial milestone, paving the way for her future endeavors in shooting.

27 Jul 2026 2:08 pm
Latest OTT releases of the week (July 27-August 2): 10 new movies and shows arriving on Netflix, JioHotstar, ZEE5, AppleTV+ and more

New movies and shows are arriving on streaming platforms this week. Chinna Chinna Aasai and The Devil Wears Prada 2 debut on JioHotstar. Netflix presents the Mexican teen thriller Final Project and Gatta Kusthi 2. Balan: The Boy and Batman: Read on to know when and where to watch online.

27 Jul 2026 1:58 pm
Rs 80 LPA in Bengaluru vs 100,000 euros in Germany: Mumbai woman explains why salary alone doesn't define a better life

A Mumbai professional sparked debate comparing Bengaluru Vs Germany salaries. Eighty lakh rupees in Bengaluru offers daily conveniences and spacious living. One lakh euros in Germany provides infrastructure and work-life balance. Income alone does not determine financial well-being or happiness. Societal wealth and personal gains define a better quality of life.

27 Jul 2026 1:52 pm
BNP Paribas Cardif to bring bancassurance expertise to IndiaFirst Life after stake buy

French insurer BNP Paribas Cardif will acquire a significant stake in IndiaFirst Life Insurance. This strategic move marks Warburg Pincus's exit from the Indian insurer. The transaction is subject to necessary regulatory approvals before finalization. BNP Paribas Cardif aims to leverage its global bancassurance expertise in this new partnership. This collaboration will enhance protection and savings solutions for Indian customers.

27 Jul 2026 1:41 pm
Hawelia Group becomes founding member of Indian Green Building Council

Hawelia Group has joined the Indian Green Building Council as a founding member. This move highlights their dedication to environmentally responsible construction practices. The company focuses on energy efficiency and resource conservation in its projects. Their commitment aligns with the IGBC's mission to promote green building standards. This initiative aims to foster sustainable communities for future generations.

27 Jul 2026 1:40 pm
Bank of Baroda data reportedly leaked on dark web

Sensitive Bank of Baroda data has reportedly been hacked and released. About one terabyte of personal and corporate banking details appeared online. This includes Aadhaar numbers, account records, and loan data from many branches. Internal communications and audit reports were also part of the leaked information. No hacker has claimed responsibility for this significant data breach.

27 Jul 2026 1:32 pm
Audi must work with Volkswagen to realign business, says CFO

Audi's finance chief stated the premium brand needs restructuring with Volkswagen. Declining sales in China and the United States are creating significant pressure. The company must realign its business model and implement structural improvements. This action is necessary to maintain competitiveness on the global stage. Audi is working with the Volkswagen Group to achieve these goals.

27 Jul 2026 1:21 pm
She was born into a royal family but gave up luxury life for elephants. Actor Madhavan salutes Padma Shri awardee Parbati Barua, who has trained over 500 elephants

Parbati Barua, India's first female elephant mahout, has a remarkable legacy with elephants which has even impressed Durandhar 2 actor R Madhavan. She began taming wild elephants at a young age using traditional Assamese methods. Barua once guided fifty rogue elephants back to the forest, saving human lives. She continues her work at seventy, caring for her beloved elephants. Her lifelong dedication has earned her numerous prestigious awards and honors.

27 Jul 2026 1:11 pm
Sonam Wangchuk discharged from hospital, says he will visit Rajghat before returning to Ladakh

Climate activist Sonam Wangchuk has been discharged from the hospital. He will now visit Rajghat to pay tribute to Mahatma Gandhi. After this visit, he plans to return to the mountains. Wangchuk expressed gratitude to his supporters and the medical team. The team at Medanta Hospital Gurgaon provided him with excellent care.

27 Jul 2026 1:03 pm
Saudi oil can still get out but it wont be cheap or easy

Saudi Arabia faces a challenge rerouting oil exports due to Houthi attacks. An existing pipeline bypasses the Strait of Hormuz, but a new detour is needed. This new bypass requires additional pipelines and significant diplomatic efforts. The kingdom must now push its oil north to avoid the Bab el-Mandeb strait. Urgent action is required as Houthi attacks have already impacted oil tankers.

27 Jul 2026 1:02 pm
'Auto drivers with loans seem happier': Bengaluru man earning Rs 2 lakh a month says he has Rs 14 lakh in savings and no debt; wonders why he still feels left behind

A 26-year-old Bengaluru professional with Rs 2 lakh monthly salary, zero debt, Rs 14 lakh in savings and retired parents says he still feels financially inadequate. His Reddit post about watching auto driver friends with loans appear happier and more content has resonated widely online.

27 Jul 2026 12:53 pm
Why thousands of Himachal teachers are doing hunger strike after a 15-day march across the state

Thousands of primary school teachers marched across Himachal Pradesh demanding policy changes. They gathered in Shimla after a 15-day protest march concluded. Federation leaders have now begun an indefinite relay hunger strike outside the directorate. The Chief Minister assured the gathering that most demands were accepted.

27 Jul 2026 12:48 pm
Supreme Court junks review plea against verdict on loss of Scheduled Caste status upon religious conversion

The Supreme Court dismissed a review petition regarding Scheduled Caste status. A person converting to a religion other than Hindu, Sikh, or Buddhist loses SC status. This loss is immediate and complete from the moment of conversion. The court upheld an Andhra Pradesh High Court order on this matter. Reconversion requires proof of original caste and community acceptance.

27 Jul 2026 12:48 pm
Top retailers battle for premium mall space as supply lags demand

Retail leasing demand in India's top cities significantly exceeds new Grade A mall supply. This persistent imbalance has driven vacancy rates to their lowest levels since 2010. New mall completions have sharply declined, further widening the demand-supply gap. Retailers are now competing intensely for high-quality, well-located retail spaces. Future retail growth will focus on institutional developments and experience-led formats.

27 Jul 2026 12:47 pm
Foreign capital inflows hit $32 billion as FCNR(B) deposits break 2013 record

India has attracted nearly $32 billion in foreign capital since the RBI announced special inflow measures on June 5, Governor Sanjay Malhotra said. FCNR(B) deposits have already exceeded the 2013 record, but strong dollar demand linked to costly oil imports and weak exporter hedging continues to keep the rupee near record lows.

27 Jul 2026 12:45 pm
House of the Dragon Season 3 Episode 6 explained: Is Lord Corlys Velaryon dead? Episode 7 and 8 release schedule, where to watch on OTT in India

House of the Dragon Season 3's latest episode ends with a major cliffhanger. Lord Corlys Velaryon's life hangs in the balance after a surprise attack. His fate remains uncertain as the series heads into its final episodes. Fans eagerly await the next installments to learn if he survived the ambush. Read on to know more about it.

27 Jul 2026 12:38 pm
Ukraine wants prototype of European missile defence system by mid-2027, official says

Ukraine seeks a European anti-ballistic system prototype by mid-next year. This ambitious project aims to counter Russian missile threats effectively. Kyiv will provide a launcher and interceptor missile for testing. European nations and defense manufacturers are contributing technology and expertise. The goal is a lower-cost alternative to existing air defense systems.

27 Jul 2026 12:38 pm
No sweets till LA28: India's women hockey stars embrace Olympic sacrifice

The Indian women's hockey team has adopted a strict diet, avoiding sweets and fast food. This disciplined approach supports their focus on the FIH World Cup and Asian Games. Players maintain high fitness standards, a change from previous Olympic campaigns. Their commitment is self-motivated, aiming for podium finishes in major events. The team's preparations are bolstered by recent successes and expert guidance.

27 Jul 2026 12:32 pm
Gray Hair Reason Found: A Japanese study explains why people get grey hair and it may be linked to cancer

Why Do People Get Grey Hair: New research in Japan suggests grey hair may signal a body's protective response against Cancer. Stem cells shut down after severe DNA damage, preventing harm, however, certain carcinogens can cause these cells to multiply unchecked. This process can lead to melanoma, the most dangerous skin cancer. The study connects visible aging and cancer risk in new ways.

27 Jul 2026 12:25 pm
No huge budget: Actor Madhavan salutes Tamil Nadu IAS officer for turning 1200 abandoned borewells into rainwater harvesting units; water level rises to 5 to 10 feet

An IAS officer repurposed over 1,200 abandoned borewells into rainwater harvesting units that have earned praise from Dhurandhar 2 actor R Madhavan. This initiative successfully raised groundwater levels by five to ten feet. Wells that had been dry for years began storing water again. Hand pumps started functioning in villages that previously relied on water tankers. Local farming communities are now supporting their crops with renewed water sources.

27 Jul 2026 12:22 pm
US energy cushion faces new stress test as Middle East risks rise again

As Middle East tensions rise, Americas energy market stability is put to the test. Record levels of electricity demand and heavy data-center usage are straining the nations energy system. Critical metrics like oil and gas production are actively monitored for pressure points, while tight refined product inventories raise concerns. Although gas storage remains adequate, strong LNG exports hint at potential supply challenges ahead.

27 Jul 2026 12:17 pm
China export curbs put $6.5 trillion global supply chains at risk: IEA

Global supply chains for critical minerals face acute economic security challenges. China's export controls on rare earth elements impacted downstream industries significantly. Critical mineral prices rebounded sharply in 2025 and early 2026. Top refining nations, led by China, accounted for most refined supply growth. Strategic stockpiles offer a short-term buffer against supply disruptions.

27 Jul 2026 12:10 pm
SC says Nilekani-led task force recommendations will be key to online NEET decision

The Supreme Court will examine suggestions from a task force regarding the online structure of NEET. Prioritizing enhanced cybersecurity and database safeguarding for digital examinations, the court aims to carefully evaluate the advice from a high-profile committee headed by Nandan Nilekani. This panel, featuring esteemed technology and government leaders, will play a crucial role in guiding future court sessions addressing this important topic.

27 Jul 2026 12:10 pm
Cricket's return gives the Olympics its biggest growth opportunity in decades

Cricket's return to the Olympics at Los Angeles 2028 is driven as much by strategy as sport, with the IOC aiming to tap into India's vast audience and commercial power. Officials say the move will help the Games reach billions of new viewers, boost broadcasting revenues and attract younger fans, while the explosive rise of T20 cricket and the IPL has made the sport an ideal Olympic fit. With Brisbane 2032 and India's 2036 hosting ambitions on the horizon, cricket is expected to become a long-ter

27 Jul 2026 11:48 am
Shreyas Iyer thanks VVS Laxman after 'flawless' Zimbabwe triumph

India secured a 3-0 T20 series victory over Zimbabwe in Harare. Interim coach VVS Laxman commended captain Shreyas Iyer's leadership and optimism. Iyer acknowledged Laxman's motivational role in the team's successful performance. The Indian squad achieved this win despite missing several key players. This series triumph followed a challenging start to Iyer's captaincy.

27 Jul 2026 11:34 am
NEET protest: SC says police excesses cannot be justified merely because there is agitation, to hear pleas on Tuesday

The Supreme Court asserted that police actions during protests must not exceed justified limits, advocating for a structured approach to managing peaceful gatherings. The court has agreed to review claims of excessive force used against student protesters and a related case about police being attacked, during a time when the government is reinforcing anti-paper leak legislation.

27 Jul 2026 11:29 am
Happiness Formula of the Day from Apple co-founder Steve Wozniak: 'Dont argue. You dont win an argument, you just walk away unhappy.' A life lesson on avoiding unneccessary stress

Steve Wozniak's happiness formula reminds us that peace of mind is often worth more than winning an argument. His happiness habit encourages people to stop wasting energy on blame, complaints and pointless debates, and instead focus on their own mindset. By choosing inner calm over constant conflict, he believes it becomes much easier to live a happier, lighter and less stressful life. Read on to know how it feels relevant today.

27 Jul 2026 11:29 am