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The Latest Breaking News from The Economic Times

Countering maritime contestation: India, France set to deepen undersea defence capabilities

India and France are set to strengthen defense cooperation. Prime Minister Narendra Modi's visit to France will focus on accelerating key military projects. This includes acquiring more submarines and fighter jets. Both nations aim for increased indigenization and co-development in defense manufacturing. The discussions will cover expediting submarine procurement and…

The Economic Times

Quote of the Day by Jean-Jacques Rousseau: “The person who has lived the most is not the one with the… — Life lessons on personal growth, adventure, purpose and why experiences matter more than age

Quote of the Day by Jean-Jacques Rousseau highlights the meaning of “The person who has lived the most is not the one with the most years but the one with the richest experiences.” The quote suggests that a meaningful life is measured not by the number of years a person…

The Economic Times

Indian Army plans largest-ever K9 Vajra acquisition with order for 300 additional guns; check its features

The Indian Army plans to acquire 300 more K9 Vajra self-propelled guns. This significant order will boost the Regiment of Artillery. The K9 Vajra's capabilities, including its shoot-and-scoot action and long-range firepower, make it a vital asset. The platform's adaptability to diverse climates and its indigenous manufacturing further enhance its…

The Economic Times

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What Elon Musk's trillion would mean in real terms

Elon Musk is poised to become the world's first trillionaire. This unprecedented wealth accumulation follows the market debut of his company SpaceX. The article highlights the immense scale of a trillion dollars. It compares this sum to global economic indicators and everyday purchases. This development underscores a growing wealth gap.

The Economic Times

Weekend Quote of the Day by Elon Musk rival Jeff Bezos: "One of the huge mistakes people make is that they try to force an interest on themselves. You don’t choose your passion; your passion chooses you"

Weekend Quote of the Day: While Elon Musk's SpaceX IPO garners headlines, Jeff Bezos offers timeless career advice: "You don’t choose your passion; your passion chooses you." This resurfaced quote encourages individuals to discover genuine interests organically, rather than forcing them, suggesting true motivation leads to authentic success. It's a…

The Economic Times

Quote of the Day by greatest Dutch painter Vincent van Gogh: 'It is good to love many things, for therein lies the true strength...'- A timeless lesson about passion, purpose and creating with love by the ‘Starry Night’ painter

Vincent van Gogh's enduring quote, "It is good to love many things, for therein lies the true strength," highlights how passion fuels dedication and accomplishment. His life, marked by struggle and immense creativity, demonstrates that genuine emotion in our pursuits leads to meaningful work and lasting impact, a timeless lesson…

The Economic Times

Pakistan budget raises defence spending, squeezes development to meet IMF goals

Finance Minister Muhammad Aurangzeb told parliament the government would allocate 3 trillion rupees for defence in the fiscal year starting July, up 18% from the outgoing year, while setting federal development spending at 1 trillion rupees.

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SpaceX set to surge past $2 trillion valuation in blockbuster Nasdaq debut

SpaceX is poised for a historic Nasdaq debut, aiming for a market valuation over $2 trillion. This marks the world's largest IPO. The company's listing is a significant event for Wall Street's trading infrastructure. Investors anticipate strong initial trading performance. SpaceX's valuation reflects Elon Musk's ambitious vision and its leading…

The Economic Times

Facebook Instagram messenger Down? Why users faced Facebook query error and Instagram outage during Meta disruption

Facebook down reports created a major online disruption as users faced query errors, login failures, and loading problems. The outage affected Facebook, Instagram, and Messenger, showing how deeply people rely on digital platforms. Thousands searched for updates while Meta services struggled. The incident highlights the importance of stable online communication…

The Economic Times

Baidu, PostBus get regulatory nod for robotaxi service in eastern Switzerland

Baidu's self-driving service, AmiGo, has gained regulatory approval in Switzerland. This joint venture with PostBus plans to launch Europe's largest automated public transport operation. Fully driverless services are targeted for early 2027. The initiative utilizes electric RT6 vehicles, equipped with advanced sensors. AmiGo will be accessible via a dedicated app,…

The Economic Times

How a 22-year-old Indian techie dropped out to build an AI startup

A 22-year-old Indian entrepreneur, Kinjal Nandy, has secured significant pre-seed funding for his AI startup, Sonatic, at a ₹191 crore valuation. Backed by prominent Silicon Valley investors, Nandy left Cornell University to focus on developing adaptive AI systems that assist users beyond simple prompts, aiming to shift workflows towards outcomes.

The Economic Times

Facebook not working today? Why are users reporting face login failures as Meta apps face outage

Thousands of Facebook users reported widespread issues accessing the platform on Friday morning, with over 100,000 complaints logged on Downdetector. Users experienced login failures and difficulties loading content across Facebook, Instagram, and Messenger. Meta acknowledged the disruption, stating they were working to resolve the problem.

The Economic Times

CIC pulls up PNGRB over RTI reply on safety, inspections of IGL pipeline work

The Central Information Commission has criticized the Petroleum and Natural Gas Regulatory Board. This is for not properly answering a Right to Information request. The request sought details on safety measures for gas pipeline work by Indraprastha Gas Limited. The Commission ordered the regulator to provide a better response.

The Economic Times

Sebi to review delisting framework to ease exits

India's market regulator, SEBI, plans to review its delisting rules. This move aims to simplify capital market processes for businesses. SEBI has introduced several reforms recently to boost investor attraction. These include faster trade settlements and easier registration for foreign investors. The regulator is also working to simplify KYC rules…

The Economic Times

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Quote of the Day by Sylvia Plath: “I desire the things which will destroy me in the… — Life lessons on human nature, desire, attraction, self-awareness and why sometimes we are our own worst enemies by the iconic American poet best known for her semi-autobiographical novel The Bell Jar and her posthumous poetry collection Ariel

Quote of the Day by Sylvia Plath highlights the meaning of “I desire the things which will destroy me in the end.” The saying reflects a deep tension between emotional desire and self-awareness, where individuals may be drawn toward experiences, relationships, or ambitions that feel powerful and meaningful even when…

The Economic Times

‘Totally unacceptable’: Trump condemns Iran 'drone attack on Indian ships

President Trump condemned Iran for an alleged drone attack on Indian ships in the Strait of Hormuz, labeling the incident "totally unacceptable." He also criticized Iran's communication regarding a separate deal, calling them "dishonorable people" who do not deal in good faith. Trump urged Iran to "get their act together,…

The Economic Times

US Stocks: SpaceX leveraged fund providers hit by day-one launch setback, sources say

In light of recent developments, asset managers are now facing a delay on the introduction of leveraged SpaceX exchange-traded funds. The Securities and Exchange Commission has intervened to safeguard the much-anticipated IPO from any potential distractions. Major ETF firms like Direxion and ProShares had ambitious plans to debut 2x leveraged…

The Economic Times

Sebi weighs introducing long-term futures and options contracts: Tuhin Kanta Pandey

Sebi is evaluating longer-term futures and options contracts, broader commodity derivatives and bond index derivatives to deepen markets. The regulator highlighted resilient capital markets, strong domestic investor participation and a robust IPO pipeline despite global uncertainties and volatility.

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The Economic Times

Hitachi Energy India to set up Rs 2,000 cr large power transformer factory in Gujarat

Hitachi Energy India will invest approximately Rs 2,000 crore to build a new Large Power Transformer factory in Karjan, Vadodara, Gujarat. This significant investment aims to boost manufacturing capabilities and support India's growing electricity demand. The factory is scheduled for completion in FY28. It is expected to create over 1,000…

The Economic Times

Karnataka approves 50 AI labs in government colleges

Karnataka is establishing 50 AI labs in government colleges to boost emerging tech skills and employability in smaller cities. This initiative, part of the 2026-27 budget and in partnership with the IndiaAI Mission, will equip students with AI, machine learning, and data science expertise. The program aims to foster innovation…

The Economic Times

AI could automate 80% of jobs, urges major tax reform: Vinod Khosla

Silicon Valley investor Vinod Khosla predicts AI will soon perform 80% of human economic work, with gains primarily benefiting investors. He proposes eliminating preferential capital gains tax rates after 2028, taxing them as ordinary income to fund displaced workers and lower taxes for those earning under $75,000. Khosla also suggests…

The Economic Times

Jewish Proverb of the Day: “A woman of sixty, like a girl of six, runs at the sound of… — Life lessons on perception, experience, joy, celebration and why age is just a number

Jewish Proverb of the Day highlights the meaning of “A woman of sixty, like a girl of six, runs at the sound of wedding music.” The saying reflects how joy, celebration, and emotional excitement are not limited by age, but are deeply rooted in human nature. It suggests that certain…

The Economic Times

Lenskart block deal; Meesho's kirana push

Lenskart has drawn fresh interest from major institutional investors. This and more in today's ETtech Top 5.

The Economic Times

NEET re-examination: Full weight of law to act against anyone disruption or tampering process, says Cabinet Secretary Somanathan

Cabinet Secretary Dr. T.V. Somanathan reviewed NEET re-examination preparations. The exam is scheduled for June 21, 2026. Authorities are coordinating for a smooth, transparent, and secure process. The government is committed to fairness. Strict action will be taken against anyone attempting to disrupt the exam. High-level meetings are ongoing to…

The Economic Times

Is this ₹30,000 Bengaluru 2 BHK real? Viral apartment tour with luxury amenities leaves internet in disbelief, watch video

A video tour of a spacious 2 BHK apartment in East Bengaluru has gone viral. The resident showcases a bright home with a well-designed kitchen and a balcony offering neighborhood views. The apartment includes access to premium society amenities like a library, swimming pool, and gymnasium. All this is available…

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