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The Latest Breaking News from The Economic Times

ESAF Small Finance Bank's total business crosses Rs 50,000 cr

ESAF Small Finance Bank has achieved a significant milestone. Its total business has now surpassed Rs 50,000 crore. Deposits reached Rs 26,197 crore and advances stood at Rs 23,832 crore. The bank also reported a net profit of Rs 24 crore for the fourth quarter ended March 2026. Asset quality…

The Economic Times

India reaffirms commitment to SCO, Central Asia at Tajikistan conference

India has reiterated its strong commitment to Central Asia. Minister of State Kirti Vardhan Singh highlighted this at a conference in Dushanbe, Tajikistan. India sees Central Asia as a vital partner for regional connectivity, security, and prosperity. The nation will host the first SCO Civilisation Dialogue Forum in Kolkata next…

The Economic Times

Tamil Nadu DCCB housing loan up to Rs 10 lakh: Check eligibility, how to apply, documents needed and more

TN DCCB house loan: Tamil Nadu residents can now access housing loans up to Rs 10 lakh. The scheme, offered through District Central Cooperative Banks, supports building new homes, undertaking repairs, or extending existing properties. Eligibility is open to all Tamil Nadu residents for housing-related purposes. The application process is…

The Economic Times

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US plans major cut to fighter jets, warships for NATO operations in Europe, NYT reports

The United States is set to significantly reduce its aircraft and warships available for NATO operations in Europe, impacting long-range strike and surveillance capabilities. This move includes cutting fighter jets, reconnaissance planes, and aerial refuelling tankers. NATO acknowledges a historical over-reliance on US forces, suggesting a shift towards greater European…

The Economic Times

'Must stop': India summons US envoy again after fresh strike on ship with Indian crew

India has summoned the US Charge d'Affaires following attacks on merchant vessels carrying Indian sailors near Oman. Three Indian sailors have died in recent incidents. The Ministry of External Affairs conveyed its deep concern to the American side. India stressed the need for unimpeded access through the Strait of Hormuz.

The Economic Times

People who grew up in the 60s and 70s know there was a particular freedom in a summer with no schedule, no camps, no enrichment, just a long empty stretch you were expected to fill yourself, and somehow always did

Summers of the past offered unstructured time, fostering creativity and self-reliance through boredom and exploration. This "wasted" time, unlike today's packed schedules, allowed for deep dives into interests and essential risky play, building resilience and a healthy relationship with downtime. Such freedom taught children that time's value isn't always tied…

The Economic Times

HR accidentally shared confidential survey results company-wide, revealing what workers really thought of management

A company's HR department accidentally sent unedited employee engagement survey results to 84 staff members, revealing candid, specific feedback. This incident highlights the fragility of anonymity in workplace surveys, demonstrating how easily trust can be broken by human error. Employees are now wary of future surveys, underscoring the importance of…

The Economic Times

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Dhan launches US stocks, ETFs investing via GIFT City route

The offering is being provided through Raise IFSC Private Limited, Dhan's wholly-owned subsidiary and a member of India INX operating under the regulatory framework of the International Financial Services Centres Authority (IFSCA).

The Economic Times

Iran media outlines draft US deal to end conflict, restart nuclear negotiations

A draft agreement between Iran and the United States has been published by Mehr news agency. This proposal outlines a permanent end to hostilities on all fronts, including Lebanon. It also includes a 60-day period for negotiations on Iran's nuclear program. The framework suggests the complete lifting of US sanctions…

The Economic Times

Indian envoy to China visits Tibet to review arrangements for Kailash Manasarovar pilgrims

Indian Ambassador to China Vikram Doraiswami visited Tibet to review arrangements for Indian pilgrims undertaking the Kailash Manasarovar Yatra. This marks his first visit to the region since assuming office. The yatra, which resumed last year after a five-year suspension due to the pandemic and border tensions, is set to…

The Economic Times

Jhanvi, Riya, Simran: How a woman and agency used multiple names to ‘maid’ off with money from Delhi homes

A woman, using aliases like Jhanvi and Riya, allegedly ran a fake domestic help racket. Families seeking house helps were defrauded after paying advance fees. The scam was uncovered when a maid disappeared from a Delhi home. Police arrested two individuals, including the alleged mastermind, and are investigating further to…

The Economic Times

3+ cr women-led enterprises registered under Udyam Portal powering growth: FM Nirmala Sitharaman

Women are becoming India's growth engine with over 3 crore women-led enterprises registered under Udyam Portal, said FM Nirmala Sitharaman in a series of tweets on Friday.

The Economic Times

Sign forgery case: Bengal CID not satisfied with Abhishek's replies, summons him again on June 14

West Bengal CID has summoned TMC leader Abhishek Banerjee for a second round of questioning on June 14. Investigators were reportedly dissatisfied with his responses during previous questioning in an alleged signature forgery case. Banerjee is expected to provide relevant documents. The probe focuses on establishing the authenticity of documents…

The Economic Times

Watch: Marico’s Harsh Mariwala shares how China is making denim jeans from banana plants and calls it a lesson in innovation

A viral video shared by Maric's Harsh Mariwala showcased how China is transforming banana stalks into eco-friendly denim, sparking questions about India's potential. With vast banana production, India could leverage this renewable resource to boost farmer incomes and create rural jobs in sustainable textile manufacturing, mirroring global circular fashion trends.

The Economic Times

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The Economic Times

The next big money game is here. Everyone wants a seat at the table

India's wealth management scene is experiencing a remarkable transformation. With the rapid rise of affluent households, there’s a surge in potential clients ready to invest. New IPOs are fostering considerable wealth for entrepreneurs. As a result, banks, startups, and major corporations are racing to capitalize on this high-margin, fee-based environment.

The Economic Times

Beautiful Italian proverb of the day: 'Love, that moves the Sun and...' Life lessons on how love gives purpose and meaning to life

Italian Proverb of the Day: Dante Alighieri's "Love, that moves the sun and the other stars" from The Divine Comedy transcends romance, highlighting love as the universal force driving purpose, kindness, and connection. This centuries-old quote offers profound lessons on overcoming challenges and finding meaning in everyday acts of care,…

The Economic Times

RHFL, RCFL bank fraud money laundering case: ED files charge sheet against Jhunjhunwala, Bapna, 52 others

The Enforcement Directorate has filed a charge sheet against former Reliance executives Amitabh Jhunjhunwala and Amit Bapna. They were arrested in April 2026 in a bank loan fraud and money laundering case. The charge sheet names 55 accused individuals. The document will be presented to a judge on July 1.…

The Economic Times

Top Indian state lenders eye first dollar bonds since RBI subsidy, sources say

State Bank of India and Bank of Baroda are stepping into uncharted territory as the inaugural users of the Reserve Bank of India's fresh subsidised hedging mechanism. Their target? A substantial one billion dollars through a series of five-year dollar bonds, a strategy aimed at slashing overseas borrowing expenses.

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The Economic Times

NSE IPO coming soon? IFCI shares rally 20% to fresh 52-week high. Here’s why the listing buzz is driving stock

IFCI shares surged 20% to hit a 52-week high amid rising expectations of the NSE filing its IPO papers soon. The rally was driven by IFCI’s indirect exposure to NSE through SHCIL. The stock has seen strong gains across short and long-term horizons.

The Economic Times

Fire breaks out at New Zealand's Wellington airport, disrupting flights

A fire at Wellington Airport on Friday led to evacuations of the southwest pier and main terminal building. Emergency services are on scene, and flights into the capital have been temporarily diverted. No injuries have been reported, and passengers are advised to contact their airlines for updates.

The Economic Times

Agentic AI returns in India poised to grow fivefold to $14.4 million: SAP study

Globally, India ranks second in strategic approaches to AI investment. Reflecting this momentum, Indian organisations plan to invest $25.9 million in AI, with spending expected to rise 45% over the next two years, it said.

The Economic Times

Gold rate today (June 12, 2026): Check 24k, 22k and 18k gold jewellery rates from IBJA, Malabar Gold and Diamonds, Joyalukkas & Tanishq in Delhi, Mumbai and other cities

Today's gold price (24k, 22k, 18k): Gold and silver prices surged on Friday, June 12, 2026. This rise follows a rebound from previous day's lows. Experts attribute the increase to easing inflation worries and expectations of geopolitical stability. Leading Indian jewellery brands and IBJA reported higher rates. This marks a…

The Economic Times

NCDRC stays proceedings against Salman Khan in 'misleading' pan masala ad case

The National Consumer Disputes Redressal Commission has granted temporary relief to Salman Khan. Proceedings against the Bollywood actor in a misleading pan masala advertisement case have been stayed. The commission issued an interim order while hearing an appeal. This stay provides a respite for Khan as the case moves forward.…

The Economic Times

NCLT rejects insolvency plea against Noida Metro Rail Corporation over pre-existing disputes

The National Company Law Tribunal has rejected an insolvency plea against Noida Metro Rail Corporation. The tribunal found genuine disputes existed regarding service quality and payment deductions. Empire Transport Services Ltd had claimed operational dues. However, the NCLT cited breaches of contractual obligations by the service provider. This ruling prevents…

The Economic Times

Smriti Irani's name missing from Amethi panchayat voter list; DM orders probe

Former Union minister Smriti Irani's name is missing from the Medan Mawai village panchayat voter list in Amethi. This comes despite her presence in Lok Sabha and Assembly electoral rolls for the area. An inquiry has been ordered into the matter. Irani, who represented Amethi in Lok Sabha until 2024,…

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