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The Latest Breaking News from The Economic Times

Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the players

The Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the operator's commission. This ruling impacts online rummy, fantasy sports, and casinos. The court confirmed the tax is on the entire stake, regardless of skill. This…

The Economic Times

Dream vacation turns into nightmare: Traveller spends days in coma, then slapped with $147,000 medical bill after more than a year

An Ontario man's dream Mexico vacation became a $147,000 medical nightmare after a severe illness, seizures, and coma. His travel insurance claim was denied by Manulife due to a pre-travel "stability period" clause, leaving his family to foot the massive bill despite appeals. The incident raises concerns about travel insurance…

The Economic Times

Elon Musk's net worth crosses $980 billion as blockbuster SpaceX IPO price set at $135

SpaceX's IPO has been priced at $135 per share, valuing the company at around $1.8 trillion and adding an estimated $188 billion to Elon Musk's wealth. With most of his fortune tied to SpaceX, Musk's net worth has climbed to nearly $1 trillion and is projected to surpass $1.1 trillion…

The Economic Times

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Nagaland Lottery Result Today Sambad (12-06-2026): Rs 1 crore prize winning number & full list here

Nagaland Lottery Result Today Sambad (12-06-2026): The Nagaland State Lottery Sambad Dear Friday Weekly Draw results for June 12, 2026, have been announced. A single ticket holder has won the first prize of Rs 1 crore with ticket number 93A 73156. Other prize categories also saw multiple winners.

The Economic Times

Nifty needs to close above 23,400 to trigger short covering; Federal Bank top pick: Dharmesh Shah

Indian equity markets are in a corrective phase. Technical analyst Dharmesh Shah identifies a potential turning point. He highlights critical resistance for Nifty at 23,350 to 23,400. A breakout above this level could lead to a rally towards 23,800. Bank Nifty shows strength with a target of 56,500. Federal Bank…

The Economic Times

Stocks, gold or debt? Rs 2.7 lakh crore fund manager who predicted bullion boom on where to invest now

Manish Banthia, CIO-Fixed Income at ICICI Prudential AMC, who correctly predicted the gold rally in 2023, now sees little value in adding fresh exposure to bullion. He prefers a balanced allocation between equities and debt, citing attractive valuations in India and other emerging markets over gold.

The Economic Times

Donald Trump, Narendra Modi look to repair ties in shadow of new US strikes

A potential meeting between Indian Prime Minister Modi and US President Trump could reset strained ties following recent attacks on Indian-crewed vessels in the Gulf of Oman. Analysts suggest this incident, while concerning, is unlikely to derail broader efforts to improve relations, with both leaders focused on larger geopolitical issues.

The Economic Times

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B Capital leads SolarSquare’s $50-55 million round at $500 million valuation

The latest round comes about 18 months after SolarSquare raised $40 million in a funding round led by Lightspeed. That round had also seen participation from Lightrock, Elevation Capital, Lowercarbon, Rainmatter and Gruhas Proptech.

The Economic Times

Proverb of the day: 'The woman cries before the wedding and the man...' Life lessons from Polish saying on marriage, relationships, love, happiness and sorrow

Proverb of the day highlights a traditional Polish saying that reflects emotions, responsibilities, marriage, relationships, love, happiness and sorrow. The proverb explains how a woman may face uncertainty before marriage while a man may later experience the realities of married life. Its meaning goes beyond weddings and offers lessons about…

The Economic Times

PPF, SCSS and NSC have outperformed equity in last 2 years, but should you write off equities?

Small savings schemes vs Nifty indices: While equities have shown muted returns recently, small savings schemes have offered stable returns of up to 8.2%. Despite short-term volatility in indices like Nifty 100 and Nifty Midcap 150, small savings schemes provide a reliable option for conservative investors. Equities, however, offer superior…

The Economic Times

Taylor Swift becomes youngest woman in Songwriters Hall of Fame

Taylor Swift on Thursday became the youngest woman ever inducted into the prestigious Songwriters Hall of Fame, another milestone in the 36-year-old US pop star's record-breaking career. Canadian singer Alanis Morissette, inescapable in the 1990s, and American record producer Walter Afanasieff were also among the total of nine songwriters joining…

The Economic Times

Nifty Bank surges 700 points to one-month high; HDFC Bank, Yes Bank, PNB, other stocks rise 2%. What lies ahead?

Bank stocks saw a significant jump on Friday, propelling the Nifty Bank index to a one-month peak. This surge followed news of a potential peace deal between the US and Iran. Oil prices declined and the Indian Rupee strengthened, boosting overall market sentiment. Several major bank stocks experienced gains, indicating…

The Economic Times

Tripura attracted Rs 30,000 crore investment proposals last year with Rs 8,000 crore projects grounded: CM

Tripura is experiencing significant economic growth. The state attracted investment proposals exceeding Rs 30,000 crore, with over Rs 8,000 crore already implemented. Its Gross State Domestic Product has doubled in six years. The government is focused on inclusive development through initiatives like Lakshya 2047 and empowering women and youth. Medical…

The Economic Times

Tata Motors to increase prices of its cars & SUVs from July 1

Tata Motors Passenger Vehicles will raise prices of its entire passenger vehicle range, including ICE and electric models, by up to 1.5% from July 1, 2026. The company said the increase is aimed at partially offsetting rising input costs and persistent inflationary pressures.

The Economic Times

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The Economic Times

As women flock to free state buses in Bengal, private operators look for rescue plan

Private bus operators in West Bengal are facing significant revenue losses following the introduction of free travel for women on government-run buses. To mitigate these losses, operators are advocating for a "kilometre scheme" where the state integrates private buses into its fleet, offering a fixed payment per kilometre.

The Economic Times

Iran war puts Bangladesh’s nascent industrial dreams at risk

Bangladesh's economic growth is threatened by an energy shortage, leaving new industrial facilities idle. The country faces painful impacts from the Middle East conflict, leading to increased energy costs and power rationing. Businesses are investing in renewables and exploring domestic gas, but immediate challenges persist.

The Economic Times

Philippine defence chief vows to press on against China's 'wickedness' after sanctions

Philippine Defence Secretary Gilberto Teodoro will continue his duties despite China's sanctions. Beijing imposed penalties on Teodoro for his remarks about China's actions. Ties between the Philippines and China have worsened due to disputes in the South China Sea. Teodoro stated he will uphold the nation against Chinese aggression. Manila…

The Economic Times

BRICS agriculture ministers begin deliberations in Indore on food security, small farmers' welfare

BRICS agriculture ministers are meeting in Indore. India is chairing the two-day event. Key discussions focus on food security. The welfare of smallholder farmers is a priority. Greater participation of women and youth in agriculture is also on the agenda. The meeting aims to strengthen agricultural cooperation among member nations.…

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The Economic Times

Four Indians feature in Forbes’ top 50 most successful immigrants in America

Four Indian-born business leaders, including Vinod Khosla and Naval Ravikant, have been recognized in Forbes' "America's Most Successful Immigrants" list. These entrepreneurs and investors have significantly contributed to the US technology and business sectors, with Khosla ranking highest at No. 14. Their inclusion highlights the vital role of Indian talent…

The Economic Times

Ahead of G7, Canadian PM Mark Carney softens tone toward Trump with trade talks at stake

Canadian Prime Minister Mark Carney faces a delicate balancing act. He previously challenged global powers but now moderates his tone towards US President Donald Trump. This shift is driven by crucial trade talks for the USMCA agreement. Canada's economic reliance on the US necessitates careful diplomacy. Carney is also seeking…

The Economic Times

West Indies beat Sri Lanka by seven wickets in opening T20 cricket match at Kingston, Jamaica

West Indies secured a seven-wicket victory against Sri Lanka in the first Twenty20 match. Rovman Powell hit the winning six in the final over. Shai Hope remained unbeaten with 65 runs. Earlier, Kamindu Mendis scored 51 for Sri Lanka. Jason Holder and Shamar Joseph took three wickets each for the…

The Economic Times

Hair loss due to soft drinks: Hair transplant surgeon explains whether drinking soda with meals can make you go bald

Cold drink causing hair loss: Daily cold drink habits might affect hair health. Doctors note a link between sugary beverages and conditions that hinder hair growth. A recent study found an association between high sugar-sweetened drink intake and male-pattern hair loss. Experts believe this connection is biologically plausible due to…

The Economic Times

Wealth Wisdom of the day: ‘Big money is not in buying and selling. But in…’ – What you can learn from Charlie Munger’s advice

Warren Buffett's business partner and the longtime Vice Chairman of Berkshire Hathaway - Munger – passed away in November 2023, but his astute words continue to reverberate with the investing community. Munger had often spoken about patience when it comes to real wealth creation.

The Economic Times

From white knuckles to open barbs, Trump, Macron bring rocky history to G7 summit

The bond between US President Donald Trump and French President Emmanuel Macron began with a firm handshake but has since seen open disagreements. Tensions are expected at the upcoming G7 summit in France. Early on, Macron managed Trump's mercurial nature, but the bromance has faded. Now, they openly trade barbs…

The Economic Times

Sectoral and thematic fund inflows plunge 67% to Rs 647 crore. Are investors turning away from thematic bets?

Sectoral and thematic mutual fund inflows saw a significant drop in May, falling by 67%. This decline suggests investors are moving away from concentrated bets towards diversified strategies. Experts believe this trend reflects a natural shift during market uncertainty. While some sectors show strong performance, others lag, making sector selection…

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