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The Latest Breaking News from 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…

The Economic Times

Maharashtra Cyber books comic Pranit More, others over viral ‘obscene’ stand-up clips

Maharashtra Cyber has filed a case against comedian Pranit More and others. The FIR concerns allegedly obscene and objectionable content shared online. Videos circulating on social media platforms reportedly feature offensive remarks about women, consent, and deceased individuals. Summons have been issued to More, Jangra, and Pawar for questioning. The…

The Economic Times

Cricketer Shreyas Iyer takes a luxurious house on rent in Worli at Rs 18.5 lakh monthly rent with 7% annual escalation; check the rental trend in Mumbai

Indian cricketer Shreyas Iyer has secured a luxurious rental property in Worli, Mumbai. The apartment commands a monthly rent of Rs 18.5 lakh. This deal includes a 7% increase in rent each year for the duration of the lease. The property is a spacious 3,875 sq ft residence. It also…

The Economic Times

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Keshav Reddy's Equal AI raises $30 million in round led by Prosus, Tomales Bay Capital

The round also saw participation from Think Investments, Valiant Fund, PhonePe founder Sameer Nigam, and Zubin Bharti Mittal, among others. The lead investors had also co-led the company's $10 million Series A in November 2024, along with Reddy. The founder, son of GVK Group vice chairman Sanjay Reddy, has transitioned…

The Economic Times

FIFA World Cup 2026 viral moment: South Korean reporter kissed live on air by Mexican fan, responds with cheerful 'Gracias'

FIFA World Cup 2026: A South Korean reporter covering the FIFA World Cup 2026 in Mexico was unexpectedly kissed by a fan during a live broadcast. The viral video sparked a global discussion on consent and double standards, with many users questioning the differing reactions based on gender. The incident…

The Economic Times

Who was Jaspal Rana? All about his wife Aarushie Verma, ex Reena Rana, family, children, father, awards and achievements

Jaspal Rana's Wife: Renowned Indian shooter and coach Jaspal Rana passed away at 49 after health complications. A former champion, Rana transitioned to coaching, significantly shaping India's next generation of pistol shooters. His legacy as a decorated athlete and influential mentor leaves a lasting impact on the sport.

The Economic Times

Did City Union Bank shares really crash 23% in one day? Here's how the bonus math works

City Union Bank shares appeared to fall 23% after turning ex-bonus following its 1:3 bonus issue, but the decline was purely technical. Adjusted prices show the stock actually gained on the day. The move reflects share price recalibration, not value erosion, while the bank continues to post steady financial performance.

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India raises price cap on cancer drugs to tackle shortage

India's drug price regulator has increased the ceiling prices of cancer drugs cisplatin and carboplatin by 50% to tackle shortages caused by a sharp rise in platinum costs. The National Pharmaceutical Pricing Authority (NPPA) approved the one-time hike in public interest after supply disruptions affected hospitals across the country.

The Economic Times

World Cup kicks off after high ticket prices, visa issues dog buildup

The 2026 World Cup, the largest in history, has commenced in Mexico City with co-hosts Mexico facing South Africa. Projected to generate a record $13 billion, the tournament has already encountered controversy regarding ticket prices and visa issues for officials and fans.

The Economic Times

Gold and silver ETFs gain up to 5% on US-Iran peace hopes. Should investors add exposure now?

Gold and silver ETFs gained sharply on Friday as precious metal prices rallied amid optimism over a potential US-Iran peace agreement. Experts advise investors to maintain 5–10% portfolio exposure through Gold ETFs and silver funds, using a staggered investment approach and avoiding panic-driven decisions.

The Economic Times

China's Ministry of State Security warns 'spy turtles' are fishing for sea secrets

Foreign spies are fitting turtles and fish with sensors to create underwater maps of China's coastline, Beijing warned Friday in apparent reference to its Western competitors. The data collected would be used to create "underwater maps" that can "identify weak points in China's coastal defences, posing a serious threat to…

The Economic Times

Trump administration challenges judge’s order on $100,000 H-1B visa fee

The Trump administration is appealing a federal judge's decision that invalidated a $100,000 fee for H-1B visa applications. A Boston court ruled the increased cost, intended to curb immigration and protect American jobs, was an illegal tax. This legal battle highlights ongoing efforts to challenge the administration's immigration policies, with…

The Economic Times

MTAR Tech shares rally 12% after crashing 15% over 2 days. What lies ahead?

MTAR Tech shares rebounded 12% after a sharp two-day fall triggered by concerns over a potential project pause linked to Bloom Energy. The company clarified no such communication was received, easing investor worries. Strong order book growth, bulk deal activity, and broader market optimism supported the recovery.

The Economic Times

ET Alpha Wealth Summit | BSE CEO Sundararaman Ramamurthy on building trust, fighting deepfakes, and why yuva shakti & nari shakti are future of D-St

BSE MD & CEO Sundararaman Ramamurthy highlighted India's market evolution from uncertain settlements to a trust-based system, driven by technology and investor outreach. He emphasized SME capital access, cybercrime education for youth, and increasing women's participation to foster market stability and growth. BSE actively engages colleges to build an investment…

The Economic Times

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Gold on course to log worst yearly fall since 2013 if West Asia troubles continue. Time to sell?

Gold has fallen over 25% from its peak despite ongoing geopolitical tensions in West Asia, marking a sharp divergence from its traditional safe-haven role. Profit booking after a strong rally, expectations of higher interest rates, a stronger dollar and elevated bond yields have driven the decline. Analysts, however, say central…

The Economic Times

Vedanta demerger: Which demerged stock should you buy after their market debut on June 15?

Vedanta's mega demerger sees four new companies listing on June 15. Analysts suggest Vedanta Aluminium Metal as a strong buy due to capacity expansion and robust LME prices. Other demerged entities like Vedanta Power, Oil & Gas, and Iron & Steel are expected to debut as small-cap stocks.

The Economic Times

'Jab mrityu nishchit ho...': Jaspal Rana's Instagram bio grabs attention. Last posts show Manu Bhaker's coach enjoying pizza & spaghetti in Switzerland

Jaspal Rana Last Instagram Post: Renowned Indian shooter and former Asian Games gold medallist Jaspal Rana passed away at 49 after a cardiac emergency. He fell ill upon returning from the ISSF World Cup in Munich, requiring a stent procedure. Rana was instrumental in shaping India's modern shooting success as…

The Economic Times

A year after AI crash, 'Aeroplane Boy' still haunted by flight he captured

Aryan Asari, an 18-year-old from Gujarat, gained local fame as the "Aeroplane Boy" after his video documented an Air India flight crash. The incident, which occurred a year ago, instilled a deep fear in Aryan. He has not filmed aircraft since and hesitates to fly.

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The Economic Times

Cinema style smuggling bid foiled in Udanti-Sitanadi Tiger Reserve in Gariaband

Authorities in Gariaband district successfully thwarted a teak smuggling operation. Inspired by a popular film, smugglers attempted to hide valuable timber in a pond and backyards. A joint police and forest team, aided by a dog squad, recovered the illegal planks. One individual was apprehended, while seven others remain at…

The Economic Times

Motilal Oswal shares jump 5% after UBS initiates coverage with 'Buy', sets Rs 1,150 target

Shares of Motilal Oswal Financial Services rose sharply on Friday after UBS initiated coverage with a 'Buy' rating and Rs 1,150 target price. The brokerage cited strong AUM growth prospects, recurring revenue expansion, and benefits from India's long-term financialisation trend.

The Economic Times

India and Bangladesh border guards met in New Delhi to address critical issues. Discussions focused on preventing border crimes, including drug smuggling and human trafficking. Both sides committed to enhancing cooperation and information sharing. The talks aimed to ensure peace and stability along the shared frontier. This meeting was significant…

The Economic Times

South Korea vs Czechia FIFA World Cup 2026 highlights, stats, scores and how the match unfolded

South Korea vs Czechia FIFA Match: South Korea began their FIFA World Cup 2026 journey with a thrilling 2-1 win against Czechia. After conceding a goal, South Korea fought back strongly. Hwang In-beom equalized, and substitute Oh Hyeon-gyu scored the winning goal. This victory gives South Korea crucial early points…

The Economic Times

SpaceX to list today: Should Indian investors buy shares of Elon Musk's biggest bet after missing the IPO?

SpaceX IPO: SpaceX is set to list on Nasdaq today, marking the largest IPO in history with a $75 billion valuation. While Indian investors missed the IPO, they can now buy shares post-listing. Analysts are divided on whether to invest, citing SpaceX's unique business model and high valuation.

The Economic Times

Signs of worry: Is SpaceX's $75 billion IPO ringing the bell of market top?

SpaceX's upcoming IPO at a staggering valuation is sparking debate. Investors wonder if this massive listing signals the peak of the current technology boom. While some see it as a warning sign, others believe it reflects strong investor appetite for growth assets. The market's future performance may depend on AI…

The Economic Times

Pak's first Hangor-class submarine arrives at Karachi Port

Pakistan's Navy has received its first Hangor-class submarine from China. This marks a significant step in the Navy's modernization efforts. The submarine arrived at Karachi Port and was welcomed with a traditional naval ceremony. The Hangor class submarines are advanced and stealth-capable. This development highlights Pakistan's growing naval capabilities.

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