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The Latest Breaking News from The Economic Times

When Remo D'Souza's 'acidity' turned out to be a heart attack, wife reveals how Salman Khan and Varun Dhawan helped them

A resurfaced podcast clip reveals Salman Khan's crucial support for Remo D'Souza during his heart attack. Lizelle D'Souza shared how Salman remained calm and guided her through the crisis. Varun Dhawan also offered timely concern despite his own COVID-19 infection. The incident, which occurred after a workout, was a difficult…

The Economic Times

IndiGo, SpiceJet and other tourism stocks surge up to 7% as US-Iran deal lifts sentiment

Indian airline and travel stocks up to 7% surged as U.S. President Trump announced an initial agreement to end the war and reopen the Strait of Hormuz. This development is expected to ease geopolitical tensions, potentially reducing operating costs for airlines and restoring travel sentiment. Investors anticipate a normalization in…

The Economic Times

Why a Rs 72,000 crore fund manager refuses to chase defence rally now

ICICI Prudential's Mittul Kalawadia advises caution on current market valuations. He notes that future growth is already factored into stock prices, limiting safety for new investments. Kalawadia highlights attractive opportunities in banking, select discretionary consumption, pharmaceuticals, and manufactured goods exporters. He also discusses the IT sector's potential disruption by AI…

The Economic Times

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FIFA World Cup 2026: Visa woes, high ticket prices, empty seats but a smooth start

FIFA World Cup 2026: Despite concerns over heat, transportation, and high ticket prices, the World Cup's opening days saw enthusiastic fan engagement, particularly with host nations performing well. However, empty seats at some matches and fears over immigration enforcement cast a shadow, while expanded tournament format offered opportunities for long-absent…

The Economic Times

Nine killed, historic monastery on fire as Ukraine faces major Russian attacks

Kyiv experienced its most intense Russian air assault in two weeks. The historic Kyiv Pechersk Lavra monastery suffered severe damage and caught fire. Four people died and 23 were injured in the strikes. Other Ukrainian cities also faced attacks. Ukraine and Russia continue to exchange drone and missile strikes across…

The Economic Times

Razorpay begins IPO process; files confidential DRHP to raise Rs 5,000-6,000 crore

Fintech major Razorpay has officially commenced its IPO journey by filing its draft red herring prospectus with SEBI, aiming to raise Rs 5,000-6,000 crore. This move follows shareholder approval for a fresh issue and an offer-for-sale component, marking a significant step after its reverse flip to India.

The Economic Times

Kospi jumps 6% as US-Iran peace deal triggers super surge; index up over 100% YTD

South Korean stocks jumped 6% on Monday as easing geopolitical tensions lifted global risk sentiment after the US and Iran reached an initial agreement to end their nearly four-month conflict and restore shipping through the Strait of Hormuz. The KOSPI is now up more than 100% in 2026, led by…

The Economic Times

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Iran's World Cup experience is less joyful amid war with host US, team captain says before debut

Iran's World Cup journey is proving difficult. Captain Mehdi Taremi highlights disruptions caused by the ongoing war with co-host United States. The team faced relocation and visa issues. Coach Amir Ghalenoei notes these conditions impact focus. Despite challenges, the team aims to bring joy to all Iranians.

The Economic Times

Building a frontier ecosystem over models essential for global economic value: Microsoft CEO

Microsoft chairman and CEO Satya Nadella stated that the priority for the global economy must center on building a frontier ecosystem rather than just a frontier model to ensure value flows broadly across every company, industry, and country.

The Economic Times

ByteDance in talks with China's Iluvatar CoreX to purchase AI chips

ByteDance, the influential technology entity known for its innovative platforms, is reportedly in discussions to acquire AI chip technology from Iluvatar CoreX and Baidu. This strategic move is largely focused on securing in-house chip supplies essential for running complex inference tasks. Should this partnership materialize, Iluvatar CoreX may join the…

The Economic Times

‘I lost my job to AI’: 24-year-old Meta data scientist says layoff was more relief than pain, big tech jobs are no longer safe

Layoff news: A 24-year-old Meta data scientist, Moyan Chen, believes AI contributed to her layoff after less than a year. The experience has led her to question the security of big tech jobs and rethink her career path, recognizing AI's profound impact on the future of work.

The Economic Times

Fragile Iran deal offers oil relief, but Hormuz risks remain

A deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes mean future flare-ups are possible. Tanker traffic may not fully return to pre-war levels soon. This situation will likely keep oil prices higher. Logistics will take time to…

The Economic Times

Shipowners seek clarity on Strait of Hormuz deal as 600 vessels eye exit

Shipowners and traders are cautiously awaiting details on a potential reopening of the Strait of Hormuz, a vital oil and gas route disrupted by conflict. While a US-Iran deal is announced, concerns about safety, mines, and Iranian actions persist, leaving hundreds of vessels stranded and global energy trade in limbo.

The Economic Times

Vedanta shares jump over 2% ahead of mega demerger; 4 new stocks to list today

Vedanta Demerger: Vedanta shares surged over 2% as four demerged entities prepared to list on Monday, marking a significant restructuring milestone. Eligible shareholders received one share in each new company for every Vedanta share held. The demerger aims to unlock value across Vedanta's diverse operations in aluminium, oil & gas,…

The Economic Times

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The Economic Times

Ebola cases in eastern Congo climb to 782 and deaths reach 181, authorities say

Congo's Ministry of Health reported 782 confirmed Ebola cases and 181 deaths, with the outbreak concentrated in Ituri province. The rare Bundibugyo virus is responsible, and contact tracing is hampered by displacement and ongoing conflict. Cases have also spread to Uganda.

The Economic Times

Delhi NCR Weather Update Today: Rain brings relief as IMD predicts thunderstorms; temperature to touch 41°C this week

Delhi experienced pleasant Monday morning with light rain showers, offering temporary relief from humidity. The IMD forecasts more rainfall, thunderstorms, and gusty winds, with temperatures expected to remain high, potentially reaching 39°C today and climbing to 39-41°C by Tuesday. Air quality remains in the moderate category.

The Economic Times

What to know about the G7 summit Trump is attending in France

US President Donald Trump attends a G7 summit in France. Key topics include Iran, Ukraine, and trade. A recent Iran war ceasefire agreement could reshape discussions. Ukrainian President Volodymyr Zelenskyy will present his case on the Ukraine war. Leaders will also address China's economic practices and artificial intelligence. The G7…

The Economic Times

FIFA World Cup 2026 Japan vs Netherlands: 3 goals in 13 minutes & finally a draw

FIFA World Cup 2026: Japan fought back twice to secure a 2-2 draw against the Netherlands in their World Cup opener. Daichi Kamada scored the late equalizer after Koki Ogawa's header. The Netherlands had taken the lead twice through Virgil van Dijk and Crysencio Summerville. Japan's Keito Nakamura had earlier…

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The Economic Times

Trump says US-Iran deal will keep Strait of Hormuz 'permanently toll-free'; nuclear talks set for Friday in Switzerland

A significant deal is struck between the US and Iran. President Donald Trump confirms an agreement to keep the Strait of Hormuz open without tolls. He also warns of military action if a nuclear accord is not finalized. This development follows months of complex negotiations and a recent ceasefire.

The Economic Times

Strait of Hormuz reopening to ease oil supply risks for India as US-Iran reach truce deal

A "toll free" reopening of the Strait of Hormuz, following a US-Iran ceasefire agreement, promises significant relief for India's crude oil imports. This normalization is expected to lower freight costs, ease inflationary pressures, and stabilize global energy markets, benefiting key sectors and policymakers.

The Economic Times

Petrol, Diesel prices remain unchanged despite 4% drop in crude oil after Iran-US peace deal

Despite a sharp fall in global crude oil prices to below $84 per barrel following Iran-US negotiation reports, fuel prices in India remained unchanged on June 15, 2026. State-run oil companies have kept petrol and diesel rates steady since May 25, as they recover from previous price hikes and exchange…

The Economic Times

Trump leaves the hard part for later in long-awaited Iran deal

America and Iran have reached a preliminary agreement to stop their conflict and reopen the Strait of Hormuz. A 60-day period is now set for further talks on Iran's nuclear program. Many issues remain unresolved, raising doubts about a lasting peace. The deal faces skepticism from various sides.

The Economic Times

Oil and gas supplies could take months to return to normal after Iran deal, energy experts say

Global oil prices saw a dip following news of an Iran war ceasefire and the reopening of the Strait of Hormuz. However, energy experts caution that restoring full oil and gasoline supplies will take several months. Stranded ships must depart, and new tankers will need safe passage.

The Economic Times

Noida International Airport begins commercial operations; first IndiGo flight from Lucknow to land at Jewar airport

Noida International Airport officially commenced commercial flight operations on June 15, marking a significant boost for air connectivity in northern India. IndiGo will operate the inaugural flights, connecting Lucknow, Bengaluru, and eventually over 16 other destinations. This landmark project is poised to drive substantial economic growth and create numerous jobs…

The Economic Times

Crude Oil Price Today (June 15): Oil hits March lows, down 4% as US, Iran agree peace deal. What are experts saying?

Brent Crude oil price : Brent crude futures fell $3.58, or 4.10%, to $83.75 a barrel, while U.S. West Texas Intermediate crude declined $4.01, or 4.72%, to $80.87. Both benchmarks had already fallen more than 3% on Friday.

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