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The Latest Breaking News from The Economic Times

Anthropic’s Fable 5 takedown triggers India Inc push for AI self-reliance

A US directive suspending access to Anthropic's AI models has spurred India Inc's push for self-reliance in AI infrastructure. Technology leaders are calling for domestic R&D, open-source models, and semiconductor design to ensure national sovereignty and avoid dependence on external platforms. This move is seen as a wake-up call for…

The Economic Times

Scaling growth and risk: Why managed services are now mission-critical for India Inc

The question should no longer be about whether to adopt managed services but about how to use and leverage them to transform functions.

The Economic Times

EU countries agree to maintain compensation paid to passengers for flight delays

EU member states have agreed to maintain the current three-hour flight delay threshold for passenger compensation, rejecting a proposal to extend it to four hours. They also aim to enhance transparency by requiring airlines to include carry-on bag fees in basic ticket prices, with options for discounts if consumers opt…

The Economic Times

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Rahul Gandhi's approach does not strengthen INDIA alliance: Pinarayi Vijayan

Kerala Opposition Leader Pinarayi Vijayan has criticized Congress leader Rahul Gandhi. Vijayan stated Gandhi's political approach does not strengthen the INDIA alliance. He believes it often helps the BJP. Vijayan mentioned other non-Congress parties also raised objections during a meeting. He feels Gandhi's actions create a situation that benefits the…

The Economic Times

Govt to host global wind day 2026 conference to push India's wind energy growth

India will host the Global Wind Day 2026 Conference in Goa on June 15, 2026, under the theme "Wind Energy: From Ambition to Acceleration." The event will focus on accelerating India's wind sector's next phase, including manufacturing competitiveness and export opportunities.

The Economic Times

Why your summer tomatoes cost so much

Tomato prices have surged due to severe weather in Florida and Mexico. Consumers face higher costs for this summer staple.

The Economic Times

Falling crude oil price sends tyre, paint, oil marketing and airline companies soaring in relief rally

On Friday, a significant drop in oil prices caused a ripple effect in the stock market, with companies linked to crude oil benefiting the most. Firms in the oil marketing sector, tire production, and airlines enjoyed an uptick, as the affordable oil alleviated some financial anxieties. Conversely, upstream oil producers…

The Economic Times

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West Bengal: Police search TMC MLA Abhishek Banerjee's Kolkata residence, ED to question him on Monday

Police conducted a pre-dawn raid at Trinamool Congress leader Abhishek Banerjee's Kolkata residence. The operation was linked to a financial fraud investigation. Central forces assisted local police. Mamata Banerjee rushed to her nephew's house. The search lasted over four hours. This development follows recent questioning and summons from various agencies.

The Economic Times

5 small savings schemes offering up to 8.2% interest rate in 2026: SCSS, PPF, NSC and more

Small savings schemes, popular for conservative investors, will retain their interest rates for the April-June 2026 quarter, offering returns up to 8.2% per annum. Schemes like SCSS and SSA provide attractive rates, while NSC, MIS, and PPF offer stable returns with tax benefits for long-term wealth creation.

The Economic Times

US thrash Paraguay 4-1 in dream FIFA World Cup 2026 start

The United States began their World Cup campaign with a dominant 4-1 victory over Paraguay. Folarin Balogun scored twice in the first half, setting a strong tone. Christian Pulisic provided key assists. The US team secured three points, building momentum for upcoming matches. High-profile spectators attended the sold-out event.

The Economic Times

USA vs Paraguay Highlights FIFA World Cup 2026: Balogun leads USMNT charge as USA outclass Paraguay in World Cup opener, check stats, key performers and more

USA vs. Paraguay Highlights: The United States began its FIFA World Cup 2026 campaign with a dominant 4-1 victory over Paraguay. Folarin Balogun scored two goals, leading the USMNT's attacking display at SoFi Stadium. Giovanni Reyna added a late spectacular goal. This win gives the Americans crucial points and signals…

The Economic Times

'8647' mystery: What does the numbers mean? Sign appears in Washington's iconic National Mall

Giant numbers "8647" mysteriously appeared on the National Mall's grass, sparking a federal investigation and political controversy. The markings, visible from above, emerged days before a Trump-linked event, fueling speculation about their meaning as a potential anti-Trump slogan or threat. Authorities are analyzing grass samples and footage to identify those…

The Economic Times

Nasdaq-100 drops Cognizant, adds AI-focused firms Astera, CoreWeave in quarterly reshuffle

Cognizant Technology Solutions will be removed from the Nasdaq-100 index on June 22 after more than two decades. The reshuffle sees AI-focused firms like Astera Labs and CoreWeave added, reflecting a market shift towards AI and semiconductor companies. This change follows a significant drop in Cognizant's stock value over the…

The Economic Times

US stocks end higher as SpaceX shares surge in market debut

Indian markets saw a positive close on Friday. Hopes for a peace deal between Iran and the United States boosted investor sentiment. SpaceX's debut on the Nasdaq was a historic event, with its shares surging. Other space stocks saw a dip. Investors are now looking towards the Federal Reserve's upcoming…

The Economic Times

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The Economic Times

FIFA World Cup 2026: Cristiano Ronaldo wants Portugal focused on good start before talking about title hopes

Cristiano Ronaldo stresses Portugal's focus on a strong World Cup start. The team aims for good results in early matches to secure the group's top spot. Ronaldo believes progression will be step by step. He highlights the importance of a solid beginning for their quest for a first World Cup…

The Economic Times

Inflation in June quarter likely to undershoot RBI forecast, rate hike probability drops ahead of monsoon risks

India's inflation is giving the Reserve Bank of India room to hold interest rates through the first quarter of fiscal year 2027. However, risks from food and fuel prices could change this outlook later in the year. The central bank will closely watch economic data before making any decisions on…

The Economic Times

Japanese investors sought more than $6.2 billion worth of SpaceX shares at IPO, sources say

Japanese investors showed immense interest in SpaceX's record-breaking IPO. They sought over one trillion yen in shares, with retail investors leading the charge. This strong demand mirrored global enthusiasm for Elon Musk's company. Japanese investors ultimately secured 2.2 billion dollars worth of stock. The IPO was the world's largest public…

The Economic Times

India has emerged as world's 3rd-largest domestic aviation market, says Delhi CM

Delhi CM Rekha Gupta highlighted India's infrastructure and digital growth, noting the metro rail network's expansion to 26 cities and increased operational airports. She also honored individuals for their bravery during recent tragedies in Malviya Nagar and Saket, announcing ex-gratia payments for victims' families.

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The Economic Times

Wall Street Week Ahead: Newly led Fed poses wildcard for rockier US indexes

Investors are closely watching the Federal Reserve's first meeting under new Chair Kevin Warsh amid concerns that interest rate hikes to combat inflation could negatively impact the stock market. While the Fed is expected to hold rates steady for now, market participants will scrutinize future projections and Warsh's communication for…

The Economic Times

Elon Musk net worth tops combined wealth of next 4 billionaires after historic SpaceX debut

SpaceX’s blockbuster stock market debut propelled Elon Musk’s net worth above $1 trillion for the first time. Strong investor demand pushed the company’s valuation past $2 trillion, cementing Musk’s position as the world’s richest individual by a wide margin.

The Economic Times

Trump's seven objectives that remain unfulfilled as officials say Iran war could soon end

America is close to a deal with Iran to end the ongoing war. President Trump announced a memorandum of understanding is expected soon. However, many of the initial goals set for the conflict appear unmet. The war has impacted the global economy and strained alliances. The article examines the stated…

The Economic Times

ED searches TMC MLA Madan Mitra's premises in alleged municipality recruitment scam probe

The Enforcement Directorate conducted searches at seven locations linked to TMC MLA Madan Mitra as part of a probe into the West Bengal municipality recruitment scam. Investigators suspect bribes were paid for ineligible candidates' appointments, with cash and gold allegedly routed through middlemen to Mitra. Over 125 appointments are under…

The Economic Times

India has capacity to repay 94% of its foreign debt in a single day, says Devendra Fadnavis

Maharashtra CM Devendra Fadnavis dismissed economic slowdown fears, stating India can repay 94% of foreign debt in a day and has reserves for 11 months of imports. He highlighted India's robust GDP growth, remaining the world's fastest-growing economy despite recession predictions, and its emergence as the fourth-largest economy.

The Economic Times

'They broke open the lock...': Bengal Police raid Abhishek Banerjee's residence for over 4 hours

Police conducted a pre-dawn raid at Abhishek Banerjee's Kolkata residence. The operation, involving central forces, was linked to a case filed in Paschim Medinipur district. This development follows recent questioning of Banerjee by the West Bengal CID. The raid lasted for several hours, with police entering the premises. Banerjee alleged…

The Economic Times

From Arsenal prospect to FIFA World Cup Star: Who is Folarin Balogun? Meet the US star who scored twice in match against Paraguay

Folarin Balogun starred in the United States' 4-1 FIFA World Cup 2026 opening victory over Paraguay, scoring two goals, including a spectacular solo effort. The Brooklyn-born striker, who switched his international allegiance to the US in 2023, has become a key attacking player for the national team.

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