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The Latest Breaking News from 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.

The Economic Times

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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

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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,…

The Economic Times

Pakistan looking to increase export of donkey meat, other related products to China

Pakistan plans to boost donkey meat and product exports to China. The nation sees a growing market there for donkey meat, milk, and gelatin, valued for health benefits. New agreements are in place to facilitate this trade. This initiative aims to create jobs and boost the economy. The donkey population…

The Economic Times

Kerala Lottery Result Today Suvarna Keralam SK-56 (12-06-2026): Rs 1 crore, Rs 30 lakh & Rs 5 lakh prize-winning numbers. Full list here

Suvarna Keralam SK-56: The Kerala Lottery Suvarna Keralam SK-56 draw for June 12, 2026, has been declared, with a first prize of Rs 1 crore awarded to ticket number RW 195668. Participants eagerly await the full prize list, which will be available on the official Kerala State Lotteries website. Winners…

The Economic Times

UK economy shrinks in April as Middle East war hits

Britain's economy contracted in April as the Middle East war hit growth, official data showed Friday, dealing a setback to Prime Minister Keir Starmer as he grapples with a political crisis. "We expect the economy to continue to fade as the year goes on, and particularly for as long as…

The Economic Times

A year after Air India tragedy, Tata's Rs 1 crore relief reaches most, but some families still decline belongings

Air India has disbursed ex-gratia payments to most families of the Air India plane crash victims. Personal belongings are being returned with respect. Digital devices have also been returned. The airline is also compensating those injured on the ground. A trust was set up to support victims and their families.

The Economic Times

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Yes Bank sees Indians tip-toeing back to deposits

Indian households are reportedly shifting savings back to bank deposits due to weak stock markets and geopolitical concerns. This trend could benefit lenders facing intense competition for credit demand, as bank credit growth outpaces deposit increases. The move signals a potential return to traditional fixed deposits amid equity market volatility.

The Economic Times

India clears way for self-driving, safety car tech to reduce road deaths

India has removed the licence requirement for automotive radar sensors operating in the 77-81 GHz frequency band, paving the way for wider adoption of advanced driver-assistance and autonomous driving technologies.

The Economic Times

China says holding US citizen suspected of spying

China has detained an American citizen, Min Zin, accusing him of espionage. He is a political analyst with the Institute for Strategy and Policy Myanmar. Chinese authorities state he is suspected of activities endangering national security. The US consulate in Guangzhou has been notified. Min Zin was reportedly arrested at…

The Economic Times

Planetary Parade 2026 US Time: When and where to watch Mercury, Venus and Jupiter tonight, viewing tips and more

Planetary Parade 2026: Skywatchers across the US can witness a mini planetary parade today, June 12, as Mercury, Venus, and Jupiter align low above the western horizon shortly after sunset. This naked-eye astronomy event offers a rare celestial treat, with Venus and Jupiter being the brightest, and Mercury appearing lower…

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The Economic Times

Vaibhav Sooryavanshi will be bigger than Sachin and Kohli put together at the end of his career: Dale Steyn

Dale Steyn has predicted that 15-year-old Vaibhav Sooryavanshi will surpass Sachin Tendulkar and Virat Kohli in achievements. Steyn highlighted Sooryavanshi's exceptional ball-striking and urged careful management of the young talent to prevent burnout. He also discussed bowlers' challenges and the judicious use of variations in T20 cricket.

The Economic Times

Quant Small Cap Fund raises stake in Adani Enterprises and 8 others, trims in Aurobindo Pharma and 4 more

Quant Small Cap Fund increased exposure to Adani Enterprises and eight other stocks in May while reducing holdings in Aurobindo Pharma and four more. The fund also added six new stocks, exited three positions and maintained a defensive tilt through a higher large-cap allocation.

The Economic Times

Bengaluru to host fourth season of Global Chess League

The Global Chess League is set for its fourth season in Bengaluru starting September 3. This edition will feature top global players in a team-based format. The league, a collaboration between Tech Mahindra and FIDE, has previously introduced innovations like franchise teams and mixed-gender lineups. India's chess prowess is highlighted…

The Economic Times

Is India's economic growth real? Raghuram Rajan says something is off

Former RBI Governor Raghuram Rajan questions India's strong economic growth figures, citing weak corporate investment and declining foreign capital inflows. He argues these factors are difficult to reconcile with official data, suggesting a disconnect between headline numbers and business behavior. Rajan also highlights the lack of a clear economic roadmap…

The Economic Times

Employee optimistic about getting supervisor role calls boss to apologize for being late; ‘super awesome’ manager reveals it was just ‘stress’ playing tricks on him

An employee seeking a promotion experienced a moment of panic after waking from an evening nap. He believed he had overslept and missed his entire workday. A confused call to his boss revealed it was actually 7:46 PM, not AM. His manager found the situation amusing. The incident highlights the…

The Economic Times

After record IPO, Musk's SpaceX faces next test in market debut

SpaceX is set to debut on Nasdaq with a massive $75 billion IPO. Investors are betting on Elon Musk's ambitious plans, valuing the company at $1.77 trillion. This landmark listing could reshape the market and pave the way for future tech giants. The stock's performance will be closely watched by…

The Economic Times

Before Olympic glory, there was Jaspal Rana: Indian shooting loses its first star

Indian shooting lost a legend with the passing of Jaspal Rana at 49. He was a trailblazing marksman and a dedicated coach. Rana inspired a generation and helped elevate shooting's profile in India. His influence extended to nurturing young talent and advocating for his athletes. His contributions shaped Indian shooting…

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