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The Latest Breaking News from The Economic Times

Quote of the day attributed to Alexander the Great: “I am not afraid of an army of lions…” a lesson on true leadership

This timeless quote, often attributed to Alexander the Great, underscores the paramount importance of leadership over sheer talent. It illustrates how a strong, visionary leader can transform an ordinary group into an extraordinary force, while weak leadership can cripple even the most capable individuals. The enduring message highlights leadership's power…

The Economic Times

Chinese Proverb of the Day: “Marrying a woman eight years older guarantees the… — Life lessons on perception, social expectations, compatibility, experience and why age is just a number

Chinese Proverb of the Day highlights the meaning of “Marrying a partner with an age difference is believed in some traditional sayings to bring prosperity.” The saying reflects how cultural beliefs often connect age, experience, and maturity with ideas of stability and success in family life rather than focusing on…

The Economic Times

Explained: SpaceX's IPO includes a 'greenshoe' option. Here's what that means

SpaceX's record $75 billion IPO includes a greenshoe option, allowing for the sale of an additional 15% of shares. This standard feature, designed to stabilize trading, could raise SpaceX an extra $11.2 billion if demand remains strong. The greenshoe option, named after a 1960 IPO, helps manage volatility for newly…

The Economic Times

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Spanish Proverb of the Day: 'When you love someone you’ll suffer pain...'- A deep lesson about the cost of caring and love

A Spanish proverb reveals that loving someone inevitably brings pain, either through empathy for their struggles or jealousy over their successes. This ancient wisdom acknowledges the complex emotional landscape of deep connections. Real love involves vulnerability and is not always effortless. Understanding these emotions fosters stronger, more mature relationships.

The Economic Times

Brazil and Morocco set for intriguing FIFA World Cup 2026 clash

Brazil and Morocco will clash in a key FIFA World Cup 2026 match. Brazil, aiming for a record sixth title, faces Morocco, who made history by reaching the 2022 semi-finals. This Group C encounter promises excitement. Fans in India can watch the game on ZEE5. The match is set for…

The Economic Times

FIFA 2026 is so much more than football

The 2026 Football World Cup is a significant economic event, contributing billions to global GDP. For India, this translates into measurable market impacts, from media rights deals boosting stocks to increased activity in travel, food delivery, and consumer electronics. Smart investors recognize these events as demand signals, shifting towards opinion-led…

The Economic Times

AI171 crash investigators did not give much importance to lone survivor's statement: Pilots body

Pilots' body criticizes the investigation into the Air India flight 171 crash. They claim the lone survivor's account of flickering lights was overlooked. This detail could have shed light on potential electrical failures. The Federation of Indian Pilots has expressed dissatisfaction with the Aircraft Accident Investigation Bureau's handling of the…

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PNB, Ujjivan raise FCNR deposit rates

Punjab National Bank and Ujjivan Small Finance Bank have raised interest rates on FCNR(B) USD deposits for Non-Resident Indians. This move follows the RBI's announcement of a foreign currency swap window. Bank of Baroda has also introduced a new retail term deposit scheme for resident Indians. These initiatives aim to…

The Economic Times

French proverb of the day: 'All comes on time to the one who knows how to...' - motivating life lessons on patience, persistence, importance of staying committed to your goals and why good things take time

French proverb of the day: French saying emphasizes that success often requires patience and perseverance, not just talent and hard work. The proverb 'All comes on time to the one who knows how to wait' highlights that meaningful achievements develop gradually.

The Economic Times

India's weight-loss drug boom raises questions over healthcare priorities

India's market for cheaper anti-obesity drugs has surged tenfold. While demand is high, especially among those with diabetes, concerns about misuse for cosmetic reasons are growing. Regulators are intervening in advertising. The drugs also have side effects and can lead to weight regain. This boom is impacting pharmaceutical research priorities.

The Economic Times

SpaceX shares rise 11% in strong Nasdaq debut after $75 billion IPO

SpaceX shares surged on their Nasdaq debut, valuing the company at nearly $1.96 trillion. This historic Initial Public Offering made Elon Musk the world's first trillionaire. The rocket maker raised substantial funds, surpassing Saudi Aramco's IPO. Investors are watching closely as SpaceX aims for Mars and beyond, with Starlink driving…

The Economic Times

On This Day in History, June 13: Alexander dies, Miranda ruling, Korea summit, FIFA 2026 awarded to US-Canada-Mexico, Trump charged and more events

On This Day in History, June 13 witnessed the death of Alexander the Great, the signing of the enduring Anglo-Portuguese alliance, the landmark Miranda ruling, Thurgood Marshall's Supreme Court nomination, the first summit between North and South Korean leaders and the historic federal criminal case against Donald Trump. The date…

The Economic Times

Ather Energy board approves Rs 2,500-crore fundraising plan

Ather Energy's board has greenlit a substantial fundraising plan, aiming to secure up to Rs 2,500 crore. This significant capital infusion will be achieved through a combination of equity and convertible securities, including a Rs 1,500 crore Qualified Institutional Placement and Rs 1,000 crore from various other instruments.

The Economic Times

$1,000,000,000,000: The larger story of Musk, the first trillionaire, lies not in wealth, but in power, tech and governance

Elon Musk's trillion-dollar valuation marks a new era in capitalism. This unprecedented wealth reflects a changing dynamic between technology and power. Private entities now wield influence once held by nations. Markets are valuing future possibilities over present products. Societies face the challenge of governing this new scale of economic power…

The Economic Times

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The Economic Times

African Proverb of the Day: 'Let not what you cannot do tear you from...'- A powerful lesson about focus and resilience

This African proverb, 'Let not what you cannot do tear you from what you can do,' emphasizes focusing on existing abilities rather than limitations. It encourages resilience by highlighting that even small actions can lead to progress, reminding individuals to use their strengths to navigate challenges and avoid discouragement.

The Economic Times

Space stocks slump as blistering rally cools after SpaceX market debut

Space stocks saw a significant drop on Friday. Investors took profits after a strong rally. This occurred on the day of SpaceX's highly anticipated market debut. The Elon Musk-led company achieved a valuation exceeding two trillion dollars. This event has drawn attention to the entire space sector. Other space companies…

The Economic Times

Quote of the Day by Michael Dell: "If you want to sustain excellence over a long time, you'd better come up with a system that works well. Anyone can sprint for a little while, but you can't sprint for..." — Is lasting success built on systems rather than motivation and short-term effort? Learn the secret behind lasting success: Build systems, not sprints

Quote of the Day by Michael Dell explains systems over motivation for lasting success and long-term excellence in business and life growth. True performance is built through daily structure, not short energy bursts. Systems create discipline, consistency, and focus when motivation fades. Michael Dell insights highlight sustainable success strategies, productivity…

The Economic Times

European Proverb of the Day: “A wise woman never loses her strength, only her… — Life lessons on maturity, patience, resilience, self-control, and why slow and steady wins the race

European Proverb of the Day highlights the meaning of “A wise woman never loses her strength, only her patience.” The saying reflects how true strength is often expressed through emotional control, resilience, and inner balance rather than outward reactions or impulsive behavior. It suggests that strength is a steady quality…

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The Economic Times

DoT delicenses mid, high frequency bands to boost passenger safety, autonomous car development

India's telecom department has removed licensing for 5.9 GHz and 77-81 GHz spectrum bands. This move will enhance passenger safety in vehicles. It will also enable the development of autonomous vehicles. Cars and traffic systems can now communicate in real-time. This will make roads safer and reduce congestion. The decision…

The Economic Times

Quote of the day by Muhammad Ali: 'Hating people because of their color is wrong. And it doesn't matter which...' - inspiring life lesson on equality, respect, human dignity, embracing humanity and why we must overcome racism and prejudice by greatest heavyweight boxer

Quote of the day by Muhammad Ali: Legendary boxer Muhammad Ali's powerful words highlight that hating anyone for their skin color is wrong. He stressed judging individuals by their character and actions, not their appearance. Ali's stance against prejudice remains vital today.

The Economic Times

NEET re-test on June 21 will be conducted in a fair and well-organised manner: Pradhan

Union Education Minister Dharmendra Pradhan has assured students that the upcoming NEET re-examination on June 21 will be conducted fairly and in an organized manner. He urged all students to remain confident and concentrate on their studies for the medical entrance test.

The Economic Times

Govt hikes onion procurement rate to Rs 16.5 per kg from Saturday to help farmers

The government has increased the onion procurement price to Rs 16.50 per kg. This move aims to boost farmers' income through the buffer stock programme. Farmers in Maharashtra are seeking a higher rate of Rs 30 per kg. The government has set a procurement target of 2 lakh tonnes for…

The Economic Times

Elon Musk recalls SpaceX’s journey from mere 10% chance of success to the world’s biggest IPO

Elon Musk revealed that when he founded SpaceX he gave it less than a 10% chance of success. However, the aerospace giant on Friday, debuted on Nasdaq in the largest IPO ever, with its valuation surpassing $2 trillion. This blockbuster listing also propelled Musk to become the world's first trillionaire.

The Economic Times

Why Pakistan's Sargodha, targeted by the IAF during Operation Sindoor, is central to Imtiaz Ali's Main Vaapas Aaunga

Imtiaz Ali's film "Main Vaapas Aaunga" highlights Sargodha, a Pakistani city with deep roots in Partition-era memories. Established by the British in 1903, Sargodha's history is intertwined with agriculture and a significant airbase. The city recently gained international attention following Indian Air Force strikes on its airfield complex in May…

The Economic Times

African Proverb of the Day: “The man that won't marry a woman with other admirers won't… — Life lessons on perception, desire, attraction, competition, insecurity and why every rose has its thorns

African Proverb of the Day highlights the meaning of “The man that won't marry a woman with other admirers won't marry a woman at all.” The saying reflects the reality that people with admirable qualities often attract attention from more than one person. It suggests that admiration and competition are…

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