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The Latest Breaking News from The Economic Times

Mag 7? MANGOS? SpaceX forces name rethink on Wall Street's tech-stock moniker

The IPO, the biggest in US history, vaulted SpaceX's value above two Mag 7 members: CEO Elon ‌Musk's other company, Tesla , ⁠and ⁠Meta Platforms. With trillion-dollar contenders such as OpenAI and Anthropic waiting in the IPO wings, the club may soon need a name change, analysts said.

The Economic Times

El Niño is here, but can the Indian Ocean Dipole save India's monsoon?

El Niño conditions have developed in the Pacific Ocean. This weather pattern often leads to less rain and hotter temperatures in India. Farmers and water resources could be affected. However, another climate pattern, the Indian Ocean Dipole, might help. A positive Indian Ocean Dipole could bring more rain. Experts are…

The Economic Times

A Himalayan Adventure: The selfish act of trekking

India's budget now includes funds for tourism development. This marks a shift in how the country views its mountains. Nepal has a well-organized trekking industry. India's approach has faced criticism for poor infrastructure and environmental impact. Animal welfare on pilgrimage routes is also a concern. The article suggests visiting the…

The Economic Times

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Malviya Nagar fire survivor from Bangladesh alleges Rs 1.8 lakh charged despite promise of free body transport

A Bangladeshi survivor of the Malviya Nagar fire claims she was charged a hefty sum for body repatriation after a government promise of free transport. Shamiya Chaudhary spoke about the unexpected embassy charges. Meanwhile, Delhi Chief Minister Rekha Gupta honored brave citizens and officials for their rescue efforts in the…

The Economic Times

NEET re-exam admit card likely to be released today; check steps to download hall ticket and key exam updates

NEET Re-Exam Admit Card 2026: The National Testing Agency is set to release the Re-NEET UG 2026 admit card by June 14, with the re-examination scheduled for June 21. Candidates will now have 195 minutes for the test, and NTA has increased rough work sheets to four. Ensure you check…

The Economic Times

Swiss head to polls in divisive anti-immigration vote

Swiss citizens vote Sunday on two key referendums. One proposal aims to cap the nation's population at 10 million, potentially impacting immigration. The other seeks to restrict access to civilian service as an alternative to military duty. Both votes are expected to be close, with results anticipated by Sunday afternoon.…

The Economic Times

PM Modi arrives in France for G7 summit, receives warm welcome

Prime Minister Narendra Modi arrived in Nice, France. He was welcomed by the Indian diaspora with cultural performances. Traditional Indian dances like Kathak, Odissi, and Bharatanatyam were showcased. The Prime Minister expressed his appreciation for the diaspora's strong connection to India. This visit aims to strengthen India's partnerships with France.

The Economic Times

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FIFA World Cup 2026: How to watch matches, highlights and behind-the-scenes content on YouTube from anywhere

The FIFA World Cup 2026 is accessible globally on YouTube, offering live match highlights, analysis, and creator content. Official broadcasters are providing partial or full live streams in select regions, with YouTube TV subscribers in the US having full access. Fans can also enjoy exclusive creator insights and create FIFA-themed…

The Economic Times

Trump and other G7 leaders are meeting without China. Is that a mistake?

The G7, a club of wealthy nations, faces questions about its relevance without China. China's economy now surpasses most G7 members. However, the G7's unwritten rule of admitting only democracies prevents China's inclusion. China's growing global influence makes it a key topic at G7 meetings, even as Beijing views the…

The Economic Times

India's Russian oil imports rise in May as refiners boost purchases

India continued its strong demand for Russian fossil fuels in May. The nation emerged as the second-largest buyer globally, importing hydrocarbons worth 5.8 billion euros. Crude oil formed the bulk of these imports, with refiners significantly increasing their purchases from Russia. This trend highlights India's strategic energy sourcing amidst global…

The Economic Times

India's Russian oil imports rise in May as refiners boost purchases

The Economic Times

Amazon voiced concerns about Anthropic AI models before US crackdown, source says

The US government ordered AI firm Anthropic to halt its advanced AI models worldwide. This action followed concerns about potential misuse for cybersecurity vulnerabilities. Amazon CEO Andy Jassy reportedly raised security risks to Trump administration officials. Anthropic stated the government cited a method to bypass safeguards. The company complied with…

The Economic Times

Proposed US-Iran deal hinges on plan of sequenced rewards

President Donald Trump’s proposed Iran deal follows a phased approach under which the Strait of Hormuz would reopen first, while Iran would receive economic benefits only after meeting specific US conditions. The agreement would leave the key issue of Iran’s nuclear programme to a separate 60-day negotiation process, raising concerns…

The Economic Times

FIFA World Cup 2026: Qatar hail first point after late goal stuns Switzerland in 1-1 draw

Qatar achieved a historic moment by securing their first World Cup point. A late own goal by Switzerland forced a 1-1 draw, sending the Qatari team and fans into jubilation. This result leaves Group B wide open. Switzerland will rue missed chances. Qatar's next match is against Canada.

The Economic Times

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World Cup 2026: Brazil rallies for 1-1 draw against Morocco in its opener behind Vinicius Junior goal

Brazil and Morocco played to a 1-1 draw in a high-profile World Cup group match. Morocco took an early lead through Ismael Saibari. Vinicius Junior then scored a spectacular equalizer for Brazil. The match saw Brazil extend its unbeaten streak in World Cup openers. Neymar was absent due to injury.

The Economic Times

US ban on Anthropic's Fable 5 & Mythos 5 to put Indian IT services firms at competitive disadvantage

US restrictions on foreign access to Anthropic's advanced AI models, Mythos and Fable 5, are creating a significant competitive disadvantage for Indian enterprises and IT service providers. This exclusion, particularly from Fable 5's coding capabilities, raises concerns about digital equity and strategic dependency, as Indian data contributed to the models'…

The Economic Times

Indian staffing cos step up global reach to diversify revenues

Indian staffing companies are actively expanding their global reach. They are tapping into international talent shortages across sectors like healthcare, engineering, and technology. This strategic move aims to diversify revenue and enhance profit margins. Firms are focusing on regions like Southeast Asia, the US, and Europe. This expansion is driven…

The Economic Times

Indian staffing cos step up global reach to diversify revenues

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The Economic Times

Project Glasswing melts: US government suspends early access to Anthropic's Fable 5, Mythos 5 within days of rollout

India's brief access to advanced AI models from Anthropic has ended. A US government directive halted local access to Mythos 5 and Fable 5. This development signals a new AI export control regime. Governments now view frontier AI as strategic assets. India's engagement on technology policy faces new challenges.

The Economic Times

Fashion to Furnace: Some luxury gold watches fail the test of time

Luxury watches like Omega Constellation are being melted for gold. High gold prices make metal value exceed resale worth. This impacts used models from Omega and TAG Heuer. Dealers are scrapping watches as demand for investment gold rises. Some owners find this practice tragic. High-end brands like Rolex and Patek…

The Economic Times

Strait of Hormuz is reopening after this Sunday? Donald Trump shares major update on US-Iran deal

Iran has insisted it will maintain control over the Strait of Hormuz, a key maritime trade route for oil and gas shipments from the Gulf.

The Economic Times

Chinese Proverb of the Day: 'One who has seen the ocean thinks nothing of...'-A timeless lesson about experience and perspective

A Chinese proverb highlights how seeing the ocean changes one's view of rivers. This timeless wisdom explains that significant life experiences expand understanding. What once seemed impressive becomes less so after encountering something grander. This lesson encourages continuous exploration and growth, revealing that personal perspective shapes value and understanding of…

The Economic Times

Quote of the Day by Intel co-founder Gordon Moore: 'With engineering, I view this year’s failure as next year’s...'-A powerful quote on failure and mindset that built the future of technology by creator of ‘Moore’s Law

Gordon Moore, a visionary engineer, believed failures are opportunities for progress. His mindset shaped the technology industry. Moore co-founded Intel and his observation, Moore's Law, guided technological growth. He saw mistakes as lessons, driving innovation. This philosophy fueled Silicon Valley's rapid development. Moore's legacy highlights that persistence through failure builds…

The Economic Times

US Open returns to Shinnecock Hills, where the wind keeps

The 126th US Open is set for Shinnecock Hills. Golfers will face a demanding course. Aaron Rai aims to complete a rare double. Rory McIlroy could join an elite group. Scottie Scheffler seeks a win to complete his career Grand Slam. Indian golfers like Akshay Bhatia and Sahith Theegala are…

The Economic Times

Mag 7? MANGOS? SpaceX forces name rethink on Wall Street's tech-stock moniker

SpaceX's massive $2 trillion IPO has challenged the 'Magnificent Seven' moniker, as its valuation now surpasses Tesla and Meta. With other tech giants like OpenAI and Anthropic poised for public debuts, market strategists are scrambling for new labels. While some propose 'MANGOS' or 'Magna Atoms', others believe the 'Magnificent Seven'…

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