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The Latest Breaking News from The Economic Times

Quote of the Day: 'So. Monday. We Meet Again. We Will Never Be Friends — But Maybe We Can Move Past Our Mutual Enmity Toward a More-Positive Partnership' helps us beat Monday blues with positive vibe

Quote of the Day expresses the feelings many people have toward Monday blues. After a relaxing weekend, Monday often brings work, responsibilities, and routine, making it seem like an unwelcome visitor. However, the quote suggests that instead of resisting Monday, we can develop a more positive relationship with it. Every…

The Economic Times

Global Market Today: Asian shares surge, oil skids on Gulf deal

Markets globally surged as a tentative US-Iran peace deal emerged, promising to ease inflation and reduce the need for interest rate hikes. Oil prices plummeted on the news, with Brent crude falling significantly. This development offers relief to central banks worldwide ahead of key policy meetings this week.

The Economic Times

Trump warns of renewed strikes on Iran if nuclear talks fail, says US could become ‘guardian of the Middle East’

President Trump has warned Iran of renewed military action or a significant financial demand if a nuclear deal isn't reached. He asserted his agreement would ensure free passage through the Strait of Hormuz, claiming he'd protected Israel from nuclear threats despite Israeli objections.

The Economic Times

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Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz

Oil prices dropped significantly as President Trump and Iran's deputy foreign minister announced an initial deal to end the war and reopen the Strait of Hormuz. The agreement, brokered by Pakistan, includes ending a U.S. naval blockade and aims to restore oil flows, unwinding geopolitical risk premiums. Further negotiations on…

The Economic Times

Stocks in news: Dr Reddy’s, Adani Green, KIMS, JSW Energy, Nestle India

Markets saw a strong rebound on Friday, driven by positive global cues and easing geopolitical tensions. Nifty defended the 23,000 support and reclaimed 23,500, with potential for further gains. Several stocks like Dr Reddy's, Adani Green, and JSW Energy are in focus due to significant corporate developments.

The Economic Times

Bulls Take Charge: GIFT Nifty points to gap-up opening for Dalal Street

Indian equity markets concluded a volatile week on a strong note, breaking a two-week losing streak. This surge was fueled by improving global sentiment and supportive RBI measures. The upcoming week's trading will be influenced by domestic macroeconomic data and key global policy developments, including US-Iran negotiations impacting crude oil…

The Economic Times

Red Hat sees an opening as Indian enterprises turn to AI sovereignty

Indian businesses are increasingly opting for Red Hat's open-source solutions to gain control over their AI and cloud infrastructure, said Red Hat India and South Asia vice-president Navtez Bal. Driven by concerns over data sovereignty and vendor lock-in, enterprises are moving beyond AI experiments towards production deployments.

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SpaceX IPO: Indians queue up to invest more in US stocks

SpaceX's blockbuster initial public offering has ignited significant interest among Indian investors in US stocks, with trading volumes on platforms like Vested Finance and IndMoney surging by 20-25%. SpaceX raised $75 billion in its IPO at a valuation of over $1.7 trillion.

The Economic Times

Indian IT firms step up Europe expansion as growth outpaces North America

Indian IT firms are increasingly focusing on Europe for growth, with a significant rise in new delivery centres and strategic investments. This shift is driven by client cost pressures and a surge in AI adoption, creating substantial opportunities for localised solutions and modernisation projects across the continent.

The Economic Times

Jobseekers flood market after global tech layoff wave

A significant surge of over 56,000 Indian tech professionals from major global companies are now actively seeking new jobs, a fourfold increase in the past month. This influx of talent follows widespread global tech layoffs, intensifying competition in India's job market.

The Economic Times

Fable 5 shock puts sovereign AI back on India’s agenda

US export controls on advanced AI models have spurred India's call for sovereign AI development. Industry leaders warn against reliance on foreign providers, urging a national mission for indigenous AI capabilities, similar to UPI and Aadhaar, to secure India's technological future and support local startups.

The Economic Times

India looking to scale up local AI infrastructure; NITI to review

The Indian government is developing a strategy for domestically controlled AI infrastructure to enhance AI adoption in governance and cultivate skilled talent. NITI Aayog is identifying ecosystem gaps and recommending measures to bolster India's independent AI development and deployment capabilities, potentially expanding the existing India AI Mission.

The Economic Times

Instant househelp startups burn $14-15 million in May as discounts heat up

Instant home services platforms like Urban Company, Snabbit, and Pronto are aggressively spending millions on discounts again to capture market share. Despite increased cash burn, order growth is modest, indicating a fierce customer acquisition battle. Companies are prioritising scale over immediate profits in this competitive landscape.

The Economic Times

Fed and BoE stay guarded after 100 days of Iran war

Global central banks are poised to maintain current interest rates this week. The Iran war's impact on inflation and growth remains a key concern. Policymakers are waiting for more data. The Bank of Japan is expected to raise rates. Norway's decision is a close call. The US Federal Reserve and…

The Economic Times

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The Economic Times

World's hottest stock market turns focus to MSCI moment

South Korea's stock market is nearing a significant milestone. Investors are watching for a potential upgrade to developed-market status by MSCI. The Kospi has seen a massive surge this year, fueled by artificial intelligence stocks. While volatility is high, reforms are underway.

The Economic Times

US and Iran reach deal to end war, Trump says Strait of Hormuz to open on Friday

The United States and Iran have agreed on a peace framework aimed at ending the conflict, lifting the U.S. blockade of Iran and reopening the Strait of Hormuz, a key global oil shipping route. U.S. President Donald Trump said the deal is complete, while Pakistan Prime Minister Shehbaz Sharif said…

The Economic Times

Oliver Tree death: All about American alt-pop singer who dies after two helicopters collided mid-air in Brazil

Oliver Tree dead: The passengers on the same helicopter as Tree included a Brazilian music producer, Argentine video director and Argentine YouTuber Gaspar Prim, known online as "Gaspi."

The Economic Times

Missouri plane crash reason: Why has Skydive Kansas City plane crashed near Butler Memorial Airport? Official reveals major details

Plane crash in Missouri today: Private plane was operated by Skydive Kansas City, said Dennis Jacobs, the acting airport manager and Bates County Emergency Management Agency director.

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The Economic Times

UP: NSUI protests against paper leaks, demands Pradhan's resignation

National Students' Union of India workers marched in Lucknow protesting against paper leaks in competitive examinations. They also demonstrated against the arrest of party members who raised these issues. The march was stopped by police, leading to a confrontation. NSUI demanded accountability from the Union Education Minister and a ban…

The Economic Times

On This Day in History, June 15: Magna Carta sealed, first blood transfusion experiment, Batman Begins released and other key events

On This Day in History, June 15 features landmark moments spanning law, science, war and culture. From the sealing of Magna Carta in 1215 and the first documented blood transfusion in 1667 to World War II events like the U.S. attack on Saipan, the date also includes breakthroughs in aviation,…

The Economic Times

Tech denial’s come home: The Anthropic shock is India’s wake-up call

The US government has restricted access to advanced AI models, impacting even its own engineers. This action highlights conditional trust for partners like India. The move prompts global efforts to build independent AI capabilities. India must leverage its talent and diverse partnerships to avoid single-point dependency.

The Economic Times

Swiss reject population cap in referendum, avoiding EU clash and cheering business

Swiss voters have rejected a proposal to limit the nation's population to 10 million. The decision prioritizes economic stability and continued free movement with the European Union. This outcome signals Switzerland's commitment to openness and reliability. Concerns about immigration and public services remain, prompting further analysis of potential solutions.

The Economic Times

Plane carrying passengers hoping to skydive crashes in Missouri, killing 12

Missouri plane crash: A plane carrying skydivers crashed near Butler, Missouri. All twelve people on board died. The aircraft was taking passengers up for a skydiving trip. Emergency responders found the plane engulfed in fire. The National Transportation Safety Board will investigate the incident. The plane was a Pacific Aerospace…

The Economic Times

World Cup history beckons for ageless Lionel Messi

Lionel Messi is set to make history. He will become the first player to participate in six World Cups. This marks a remarkable achievement for the legendary Argentine forward. Messi confirmed his participation for the upcoming tournament. He continues to enjoy playing football. His presence promises an exciting event for…

The Economic Times

TMC turmoil deepens: Rebel camp to merge with NCPI, extends support to NDA; party MPs call it "betrayal"

A major split has rocked the Trinamool Congress. Twenty Lok Sabha MPs have joined the Nationalist Citizens Party of India. They will now support Prime Minister Narendra Modi's National Democratic Alliance. The rebel MPs have requested a separate sitting in Parliament. This move marks a significant political development. The party's…

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