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The Latest Breaking News from The Economic Times

Quote of the day by Keira Knightley on technology, relationships and modern life struggle: "It's impossible. You try to have any kind of relationship with your family, with a man, or with a friend..."

Keira Knightley highlights a modern challenge. Smartphones and constant internet access strain relationships. Family dinners and conversations are interrupted. People struggle to be present. This digital distraction affects connections. Finding a balance between online and offline life is crucial for strong personal bonds. Quality time with loved ones remains paramount.

The Economic Times

French proverb of the day: ‘There is no worse blind man than the one who doesn’t want to see’ - a lesson on accepting the truth

A French proverb highlights that the greatest obstacle to understanding is not a lack of information, but a deliberate refusal to accept reality. This unwillingness to see the truth renders facts ineffective, emphasizing that truth can only benefit those open to receiving it. Cultivating an open mind is crucial for…

The Economic Times

JSW Energy acquires MCCPL to strengthen thermal portfolio

JSW Energy is acquiring Maruti Clean Coal & Power Limited for Rs 1,410 crore. This move supports JSW Energy's goal of reaching 30GW capacity by 2030. The acquired company operates a 300 MW thermal plant in Chhattisgarh. This acquisition strengthens JSW Energy's thermal portfolio and cash flows. It also enhances…

The Economic Times

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'Fake report has been spreading': FSUI General Secretary denies claims of Indian Sailors killed on Liaki Freedom Vessel

Reports of Indian sailors killed on the MT Liaki Freedom vessel are false. The Forward Seamen's Union of India and the Ministry of External Affairs confirmed all crew members are safe. Misinformation is causing tension among sailors and their families. The government is urged to establish better communication and verification…

The Economic Times

Beer sales rise 10% in Delhi this May as popular brands regain shelf space

Beer sales in May surged by nearly 10% year-on-year in Delhi, fueled by the return of popular national brands to retail shelves. These national brands now command a 54% market share, a significant jump from previous years, while other brands saw their share decline. This increase aligns with the peak…

The Economic Times

Gold rate today (June 13, 2026): Check 24k, 22k and 18k gold jewellery rates from IBJA, Malabar Gold and Diamonds, Joyalukkas & Tanishq in Delhi, Mumbai and other cities

Gold prices saw an increase on Saturday, June 13, 2026, impacting leading Indian jewellery brands. Tanishq, Malabar Gold & Diamonds, and Joyalukkas reported higher rates for 22k gold jewellery across major cities. IBJA rates for June 12, 2026, also indicated a rise in gold and silver prices.

The Economic Times

Bitcoin holds near $64,000 as falling oil prices and US-Iran peace hopes lift risk sentiment

Bitcoin hovered near $64,000, buoyed by falling oil prices and optimism for a US-Iran peace deal, which lifted overall risk sentiment. While Bitcoin saw a slight gain, Ethereum experienced a minor dip. Major altcoins showed mixed performance, with some falling and others rising.

The Economic Times

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Marc Andreessen critiques AI regulation debate after Anthropic model shutdown

Marc Andreessen, a cofounder of Andreessen Horowitz, has voiced strong opinions on artificial intelligence regulation. His comments follow the US government's order to suspend access to Anthropic's advanced AI models, citing national security. Andreessen views strict rules as "red-tape monsters" that hinder innovation and burden startups.

The Economic Times

Uday Kotak questions SpaceX valuation, says only time will tell if we're in ‘mega bubble'

Uday Kotak described SpaceX’s blockbuster IPO as a test for capitalism, questioning whether investors are backing humanity’s future or fueling a massive bubble. His remarks came after the company’s debut propelled Elon Musk to trillionaire status and lifted SpaceX into the world’s corporate elite.

The Economic Times

What crypto investors need to know for tax season 2026

India's tax season now demands greater scrutiny for crypto investors as enforcement intensifies. New reporting requirements, including transaction-by-transaction entries in Schedule VDA and cross-referencing with exchange data, are crucial. Failure to comply accurately can lead to significant penalties, making diligent record-keeping essential for all participants.

The Economic Times

FCNR(B): Revisiting a proven crisis management tool

Facing renewed external sector pressures, the RBI has revived a version of the FCNR(B) deposit framework to attract foreign currency inflows and support the rupee. While effective for near-term stability, experts say long-term resilience requires reducing structural vulnerabilities and import dependence.

The Economic Times

Saudi Arabia to require Premium Residency holders to obtain dedicated work permits

Saudi Arabia's Premium Residency holders must now secure a dedicated work permit via the Qiwa digital platform, costing SR100. This new requirement is part of broader labor market updates, including clarified rules for training contracts and resignations. Visa amendments necessitate cancellation and reissuance, with fees payable through various digital methods.

The Economic Times

ETMarkets Smart Talk| RBI's FPI reforms could attract $50-100 billion into Indian debt over time: Vikas Garg of Invesco MF

RBI’s easing of foreign investment norms for government securities could attract substantial long-term capital inflows into India’s debt market, according to Invesco Mutual Fund. The reforms may deepen bond markets, support the rupee, improve liquidity and strengthen macroeconomic stability.

The Economic Times

Indian, South Asian fashion celebrated at curated event at NYC's Madison Avenue

Indian fashion's global ascent was celebrated in New York as designer Payal Singhal launched her collection at Pernia's Pop-Up Studio's new flagship store. A panel discussion highlighted the growing influence of South Asian culture and fashion, with experts noting a significant shift in global recognition and acceptance over the past…

The Economic Times

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The Economic Times

SpaceX becomes world's 7th most valuable company after blockbuster market debut

SpaceX’s record-breaking IPO debut lifted its valuation above $2 trillion, making it one of the world’s most valuable companies. Strong investor demand, heavy trading volumes and retail enthusiasm boosted Elon Musk’s fortune, despite the company remaining loss-making and heavily growth-driven.

The Economic Times

ET Alpha Wealth Summit | From private credit to real estate funds, alternate investments are no longer a niche play for HNIs: Lakshmi Iyer

Indian wealthy investors are now looking beyond stocks for portfolio growth. A significant shift towards diversifying across various investment types and global markets is evident. The wealth management sector is actively developing the necessary tools and options. This trend signifies a structural change, offering investors a wider array of choices…

The Economic Times

Mind Over Money | Long walks are my meditation; they help me think beyond market noise: Citi's Mickey Bhatia

Citi executive Mickey Bhatia credits long walks, early mornings, reading and consistent routines for maintaining mental resilience during volatile market periods. He says stepping away from daily market noise enables strategic thinking, while discipline and experience help navigate uncertainty and stress.

The Economic Times

RBL Bank taps HDFC veteran Bhavin Lakhpatwala as CFO

RBL Bank has appointed Bhavin Lakhpatwala as its new Chief Financial Officer. Lakhpatwala joins from HDFC Bank, bringing over 25 years of finance experience. This appointment fills a vacant position and comes as Emirates NBD moves to acquire a controlling stake. The new CFO is expected to guide the bank…

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The Economic Times

HDFC Defence Fund adds Tata Motors, reduces exposure in MTAR Technologies and 1 other in May

HDFC Defence Fund added Tata Motors to its portfolio in May while trimming holdings in MTAR Technologies and Rishabh Instruments. The fund increased exposure to key defence-linked stocks, including Bharat Electronics, Bharat Forge, Bharat Dynamics and Mazagon Dock, reflecting sector-focused conviction

The Economic Times

Vedanta listing: Aluminium, Power, Oil & Gas, Iron & Steel share trading starts Monday. Target price and what else to expect

Four Vedanta entities are set to list on stock exchanges on Monday, June 15, following a mega demerger. Vedanta Aluminium is expected to debut with a market cap of Rs 1.74 lakh crore, potentially surpassing its parent company. The demerged companies will initially trade in the Trade-to-Trade segment.

The Economic Times

Emirates to screen every FIFA World Cup 2026 match on flights

Emirates will broadcast every FIFA World Cup 2026 match live onboard its flights via the Sport 24 channel. Coverage begins with the opening ceremony on June 11 and concludes with the final on July 19. Passengers can also catch other major sporting events, including the NBA Finals and Formula 1…

The Economic Times

7 must-know things about EPS-95 pension: Eligibility, pension formula, family benefits and more

The Employees' Pension Scheme, 1995, offers vital retirement benefits for organized sector workers. Managed by the Employees' Provident Fund Organisation, it provides monthly pensions, family pensions, and disablement pensions.

The Economic Times

Oil nears two-month lows on reports of imminent US-Iran peace deal

Oil prices dropped significantly, reaching their lowest point in nearly two months as U.S. and Iranian officials indicated a potential agreement to de-escalate tensions in the Middle East. Reports suggested a memorandum could be signed soon, impacting global oil markets and the Strait of Hormuz.

The Economic Times

Retail investors build big dreams on small slices of SpaceX

SpaceX's initial public offering saw massive retail investor interest. A substantial 30% of shares were set aside for individual buyers. Many investors eagerly bought shares on the first day, contributing to a 19% price surge. Brokerages reported record participation. Some investors received fewer shares than requested, while others bought directly…

The Economic Times

ET Alpha Wealth Summit | Go for global allocation in a deliberate manner; not as a knee-jerk reaction to short-term underperformance: Rahul Jain

India's wealthy investors are now considering global markets. Wealth managers at the ET Alpha Wealth Summit confirmed this shift. However, experts stressed that a strong domestic asset allocation is crucial before venturing abroad. Global investments offer limited upside and present complexities. A disciplined, staggered approach is recommended over panic reactions…

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