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The Latest Breaking News from The Economic Times

Petrol, Diesel prices today June 13: Check latest fuel rates in Delhi, Mumbai, Bengaluru, and other cities

Fuel prices remained steady across major Indian cities on June 13, offering consumers a brief respite after recent hikes. Oil companies maintained current rates despite global crude oil market volatility and geopolitical concerns affecting energy supplies. This pause follows cumulative price increases of nearly ₹7.50 per litre since mid-May, reaching…

The Economic Times

Trump faces G7 after year of trade wrath, diplomatic bluster

President Trump's G7 summit agenda in France remains uncertain, with his mood potentially influenced by Iran peace talks. Leaders anticipate his characteristic assertive approach, despite potential domestic political pressures. European nations, having faced his criticism, are prepared for his unpredictable tactics.

The Economic Times

Delhi-NCR weather update: IMD issues red alert as thunderstorms, heavy rain and gusty winds batter region

Delhi-NCR experienced cooler temperatures and relief from heatwave conditions following a second consecutive night of rain, thunderstorms, and strong winds. The IMD issued a red alert, warning of severe weather including intense thunderstorms and winds up to 80 kmph. Light to moderate rainfall is expected to continue, keeping temperatures below…

The Economic Times

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US and Iran have agreed to wording of a deal to end their war, Pakistan's Shehbaz Sharif says

Pakistan's prime minister announced the U.S. and Iran have agreed on the wording of a deal to end their Middle East war. Mediators are working to finalize the agreement, which includes provisions for Iran's nuclear program and reopening the Strait of Hormuz. A signing ceremony is anticipated in the coming…

The Economic Times

Jaishankar speaks to Rubio, lodges strong protest over US Navy attacks that killed 3 Indians

India's External Affairs Minister S Jaishankar lodged a strong protest with US Secretary of State Marco Rubio following US Navy attacks in the Gulf that resulted in the deaths of three Indian mariners. Jaishankar stated that such lethal actions against commercial shipping are unjustified. The incident occurred when three vessels…

The Economic Times

Mark Zuckerberg says Meta made 'mistakes' in AI workforce shift

Meta's chief Mark Zuckerberg admits the company made errors during its AI shift. He is investing heavily in artificial intelligence to reshape Meta's operations. Zuckerberg assures employees there will be no more company-wide layoffs this year. He is focused on providing organizational stability. Meta will also increase team-building initiatives and…

The Economic Times

OpenAI under investigation by group of state attorneys general

A group of US state attorneys general has started a wide-ranging probe into OpenAI. The ChatGPT maker received a subpoena seeking documents on its operations and user impact. This investigation includes data handling, minors, seniors, and internal policies. OpenAI faces increasing legal scrutiny as it prepares for an IPO. The…

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Trump's proposed Iran peace deal hinges on risky plan of sequenced rewards

A new Iran deal is taking shape. It focuses on reopening the Strait of Hormuz first. Iran will get economic benefits later as it meets US demands. Nuclear program issues are set for future talks. This cautious approach aims to end the conflict. The deal could impact global energy prices…

The Economic Times

US orders shutdown of Anthropic’s Fable 5, Mythos 5 over security concerns

The US government has ordered Anthropic to halt access for foreign nationals to its Fable 5 and Mythos 5 artificial intelligence models. This directive stems from national security concerns. Anthropic believes there may be a misunderstanding and is working to restore access. Other Anthropic models remain unaffected by this order.

The Economic Times

Celebrities are buying land in temple cities; but should you follow suit and buy property?

Celebrities are investing in temple cities like Ayodhya, drawn by cultural significance and potential for long-term asset growth. These spiritual hubs are experiencing rapid infrastructure development and rising tourism, driving property appreciation. Individual buyers should research economic fundamentals and infrastructure pipelines rather than solely following celebrity trends.

The Economic Times

Saturday bank holiday: Are banks open or closed today on June 13, 2026?

Bank holiday today: Banks across India are closed today, Saturday, June 13, 2026, as it marks the second Saturday of the month. While physical branches are shut, customers can still access various digital banking services for fund transfers, account management, and payments.

The Economic Times

French proverb of the day: 'Fortune is a woman; if you neglect her...' Life lessons on marriage, relationships, love, prosperity, happiness and why is it crucial to give adequate attention to loved ones in today's fast-paced life

French proverb of the day highlights the importance of recognizing opportunities, valuing relationships, and taking timely action. The saying teaches that fortune, love, happiness, prosperity, and success often require attention and effort at the right moment. Delaying action can result in missed chances that may never return. The proverb remains…

The Economic Times

Trump's name poised to be removed from Kennedy Center after court denies last-minute move to keep it

Workers are preparing to remove President Donald Trump's name from the Kennedy Center. A judge rejected a request to delay the removal. Scaffolding is up around the building. Trump's name was added after he influenced the center's leadership. The center is also fighting a block on renovations. Its website and…

The Economic Times

FIFA World Cup: Canada draw with Bosnia-Herzegovina to earn first-ever World Cup point

Co-hosts Canada grabbed a second-half equalizer to draw 1-1 with Bosnia and Herzegovina in Toronto on Friday, earning their first-ever point at a World Cup. Cyle Larin levelled for the home team in the 78th minute after Jovo Lukic put Bosnia ahead midway through the first half in the first…

The Economic Times

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Iran peace deal looms while new military action flares near Strait of Hormuz

The United States and Iran are reportedly close to an agreement to end their war, with both sides agreeing on a text for an initial deal. The proposed memorandum of understanding includes reopening the Strait of Hormuz and lifting the U.S. naval blockade on Iranian ports. Negotiations over Iran's nuclear…

The Economic Times

UAE denies reports of $3 billion transfer to Iran, calls claims "false and unfounded"

The United Arab Emirates has strongly refuted claims of transferring USD 3 billion to Iran. The Ministry of Foreign Affairs stated these reports are entirely false. No frozen Iranian funds have been released or transferred through the UAE. Media organizations are urged to rely on official sources for accurate reporting.

The Economic Times

European proverb of the day: 'To have a woman is bad; to lose her...' Life lessons on marriage, relationships, human nature, happiness, and why is it difficult to live without the love of your life

European proverb of the day highlights the complexity of human relationships. The saying, "To have a woman is bad; to lose her is worse," reflects the challenges that can exist in marriage and companionship. At the same time, it reminds people that loneliness and separation can bring greater pain. The…

The Economic Times

US Justice Department clears Paramount's acquisition of Warner Bros

The U.S. Justice Department has approved Paramount Skydance Corp's massive $110 billion acquisition of Warner Bros. Discovery. This regulatory green light comes as several states prepare to challenge the deal in court. Paramount argues the merger will boost competition. However, concerns persist within Hollywood regarding job losses and storytelling diversity.

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The Economic Times

US Justice Department clears Paramount's acquisition of Warner Bros

The Economic Times

US district court rejects patent claims against Hexaware Technologies

A US district court dismissed patent infringement claims against Hexaware Technologies, ruling that Natsoft Corporation's asserted patents covered abstract ideas, not concrete inventions, and were thus ineligible for protection. Hexaware stated the ruling validated its confidence in its proprietary platforms, developed through its own engineering efforts.

The Economic Times

20 foundational AI models created under IndiaAI Mission, 5 released : MeitY secretary

IndiaAI Mission has fostered the creation of 20 foundational artificial intelligence models. Five of these models have now been released. Avataar AI has launched Varya, the first homegrown distilled video generation model. This technology significantly speeds up video creation and reduces costs. The government is actively supporting the development of…

The Economic Times

DLI-backed chip companies call for government procurement support

Indian semiconductor startups are urging the government for stronger market access and intellectual property protection. They highlight the need for procurement support to foster growth and maintain domestic ownership. Existing schemes have boosted design capabilities, but incentives for electronics makers to adopt Indian chips are lacking. Founders emphasize that capital…

The Economic Times

AI workloads push data centres to upgrade fire and cooling systems

Data centres are significantly upgrading fire safety, cooling, and electrical systems following a recent Google Cloud incident. The surge in AI computing power, with AI racks costing millions, necessitates enhanced protection for these critical digital assets. Operators are investing in advanced fire suppression, robust power, and efficient cooling to prevent…

The Economic Times

Quote of the day by Epicurus: 'Happiness is man's greatest...' Life lessons on inner peace, joy, laughter and human nature by renowned Greek philosopher

Quote of the Day by Epicurus highlights the idea that happiness is the greatest aim in life. The Greek philosopher believed that tranquility and rationality form the foundation of happiness. His teachings focused on inner peace, friendship, simple living, and thoughtful decision-making. The quote continues to guide people seeking balance,…

The Economic Times

Quote of the day by Immanuel Kant: 'Give a man everything he wants and at that moment...' Life lessons on greed, self-reliance, satisfaction, happiness and success

Quote of the Day by Immanuel Kant highlights an important lesson about greed, satisfaction, happiness, self-reliance and success. The quote explains that human desires often continue even after people get what they want. It shows that material gains alone do not create lasting happiness. The message remains relevant in modern…

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