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The Latest Breaking News from The Economic Times

CBI arrests senior IAS officer Pankaj Aggarwal in ongoing alleged IDFC First Bank fund misappropriation case

The Central Bureau of Investigation (CBI) has arrested Pankaj Aggarwal, IAS on Monday who was the then Principal Secretary in Department of School Education and Agriculture, in connection with the misappropriation of government funds from the account of Haryana School Shiksha Pariyojna Parishad (HSSPP) and Haryana State Agriculture Marketing Board…

The Economic Times

Japan bond yields mixed after relatively weak 5-year auction

Japanese government bond yields showed mixed movements on Tuesday, with a weaker-than-expected auction for 5-year bonds. Yields on shorter maturities edged up, while longer-term bonds saw slight declines. Discussions between Japan's Finance Minister and the U.S. Treasury Secretary about global markets and currency swings have fueled speculation about potential acceleration…

The Economic Times

After workers, beggars replaced by robots: Viral video from China makes netizens question if begging will face 'layoffs'

A Unitree humanoid robot was filmed soliciting donations on a Chinese street, claiming it needed funds for recharging. This incident follows scrutiny of robot capabilities after a chaotic half-marathon and criticism from TSMC's chairman about their practical use. Online reactions are divided, with some questioning authenticity and others seeing it…

The Economic Times

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India's LPG imports from US set to cross 1 million tons in June, sources say

India's LPG imports from the U.S. are projected to cross a record 1 million metric tons in June, driven by Middle Eastern supply disruptions. This surge in U.S. purchases, despite higher costs, ensures uninterrupted cooking gas for households. Efforts to boost domestic production and alternative supply routes are also underway…

The Economic Times

Quote of the day by Virat Kohli: ‘Irrespective of whether you have talent or not, one has to …’ – Legendary cricketer on why talent alone is never enough

Cricket icon Virat Kohli emphasizes that talent alone is insufficient for success, highlighting the indispensable role of relentless hard work and discipline. His own journey, marked by numerous records and accolades, underscores this philosophy. Kohli's message serves as a crucial reminder, especially for younger generations, that consistent effort, not just…

The Economic Times

Instagram seller ordered to pay Rs 10,000 after delaying Rs 807 dress by 10 months

A Kerala consumer commission ordered an online clothing seller to refund a dress cost and pay Rs 10,000 in compensation and costs. The seller delivered the dress nearly 10 months after it was ordered, a delay the commission deemed a deficiency in service. The seller's explanation of an accident was…

The Economic Times

Bill seeking to ban horse carriages in NYC renamed after Indian teen killed in Central Park incident

A bill to ban horse-drawn carriages in New York City has been renamed 'Romanch's Law' in honor of an Indian teenager who tragically died after falling from a carriage. Romanch Mahajan, 18, sacrificed his life trying to help his mother when the horse bolted. The incident has reignited calls for…

The Economic Times

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Rs 1.5 lakh crore behind 2025! Can Jio, NSE and other mega IPOs put 2026 on course for another record year?

India's primary market faces a significant fundraising gap to match last year's record. However, upcoming mega IPOs from Reliance Jio (Rs 35,000 crore) and NSE (Rs 25,000 crore), alongside SBI Mutual Fund (Rs 10,000 crore), could inject much-needed demand. Experts believe these established names can revive investor sentiment, but a…

The Economic Times

Cabinet expansion decision rests with Cong high command: Karnataka CM Shivakumar

Karnataka Chief Minister D K Shivakumar stated that cabinet expansion decisions rest with the Congress high command. He assured representatives from North Karnataka dargahs that their request to include MLC Salim Ahmed in the cabinet would be conveyed. With 20 ministerial berths vacant, Shivakumar faces pressure to balance aspirations from…

The Economic Times

All-rounder Nitish Reddy ruled out of Ireland T20Is, likely to miss England leg too

India's white-ball squad for the UK tour faces a setback as all-rounder Nitish Reddy is out with a quadriceps injury. Sustained during the Afghanistan series, the 23-year-old's absence creates a gap, especially with Hardik Pandya also nursing a similar issue. Reddy's recovery is expected to take at least four weeks,…

The Economic Times

1 minute late from lunch means 1 hour of extended unpaid work hours? Viral memo leaves employees shocked

A controversial workplace notice, allegedly from management, has gone viral on X, mandating a strict 30-minute lunch break. Exceeding this limit reportedly incurs a penalty of an hour of unpaid 'focus time' after 6 pm for every minute over. This has ignited widespread online debate, with many users criticizing the…

The Economic Times

Global Market: Standard Chartered bullish on Asia ex-Japan equities, sees strong AI-led growth

Standard Chartered upgraded Asia ex-Japan equities to overweight, expecting the region to post the strongest earnings growth globally in 2026 and 2027, supported by AI investment and semiconductors. It prefers Taiwan, China and India, while maintaining a positive view on US equities, bonds and gold.

The Economic Times

Gold prices fall Rs 1,300/10g; silver tanks Rs 7,200/kg on firm dollar, rate hike fears. What should you do?

Gold and silver prices fell sharply on MCX on Tuesday, reversing gains from the previous session, as a stronger U.S. dollar dampened demand and investors tracked U.S.-Iran peace talks and interest-rate expectations.

The Economic Times

Railways showed the way. What should India electrify next?

If railway electrification was one of the defining infrastructure decisions of the twentieth century, the electrification and redesign of India’s freight system may yet become one of the defining strategic decisions of the twenty-first.

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The Economic Times

UK considers forcing social media firms to prioritise trusted news

The culture department said on Monday it was considering requiring platforms such as Meta's Facebook, Alphabet-owned YouTube and TikTok to make content from public ‌service media - including ⁠the ⁠BBC, ITV and Channel 4 - and other trusted news providers easier to find in users' feeds and searches.

The Economic Times

US Stock Market: AI spending fears hammer US tech giants, Alphabet leads selloff

Wall Street’s AI-driven technology rally faced pressure as investors questioned whether rising infrastructure spending can generate sufficient returns. While hyperscalers such as Alphabet, Amazon, Meta and Microsoft declined sharply, semiconductor and data storage firms including Micron continued gaining on strong AI hardware demand expectations.

The Economic Times

US Stock Market: Warsh to face lawmakers in key semiannual policy testimony on July 14

Federal Reserve Chair Kevin Warsh is set to deliver his inaugural semiannual monetary policy address to Congress on July 14. This crucial appearance will offer insights into the central bank's stance on inflation, interest rates, and the overall economic outlook. Warsh's testimony follows a departure from tradition earlier this year…

The Economic Times

Sebi plans simpler rulebook for stock exchanges, doing away with obsolete provisions

Sebi is simplifying stock exchange rules to boost business ease. The regulator plans to consolidate multiple circulars into a single master document, removing outdated provisions and reducing compliance burdens. This move aims to streamline operations for exchanges and clearing corporations, making the market more efficient. Public feedback on these proposed…

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The Economic Times

Sensex trades on choppy note, Nifty below 24,100 as IT stocks drag benchmarks lower

Indian stock markets saw a subdued trading session on Tuesday, with the Sensex and Nifty experiencing minor dips, primarily due to losses in IT stocks. Broader market indices, however, showed resilience. Analysts point to improving West Asian peace prospects and falling crude oil prices as positive for economic growth, though…

The Economic Times

Vedanta shares fall 6% after Rs 2,149 crore block deal; promoter Twin Star likely seller

Vedanta's stock experienced a significant dip, dropping up to 6% from its intraday peak of Rs 287. This decline followed media speculation that promoter entity Twin Star Holdings likely reduced its stake via a substantial block deal. Around 7.3 crore shares, valued at Rs 2,149 crore, were reportedly traded at…

The Economic Times

Best gilt mutual funds to invest in June 2026

Gilt funds are being recommended by advisors for 'aggressive' debt investors anticipating interest rate cuts by the RBI, with potential for double-digit returns. These funds, investing in government securities, carry no credit risk but are highly sensitive to interest rate fluctuations. Investors should have a long-term horizon and understand rate…

The Economic Times

India’s biggest equity fund makes contrarian bet on IT stocks

India’s largest actively managed equity fund, PPFAS Flexi Cap, is increasing exposure to beaten-down IT stocks, taking a contrarian view on AI disruption fears. CIO Rajeev Thakkar argues pessimism is overdone, betting on productivity gains and valuation comfort even as the Nifty IT index heads for its worst year since…

The Economic Times

Ayodhya Ram Temple Trust's financial row: Petition filed in SC seeks court-monitored probe

A new Supreme Court petition demands a court-monitored probe into alleged financial irregularities within the Shri Ram Janmabhoomi Teerth Kshetra Trust. The plea seeks an FIR and a CBI-led SIT to investigate missing funds and mismanagement. Petitioners also urge the preservation of all financial and digital records, emphasizing the need…

The Economic Times

South Korean shares fall more than 4% on profit-taking

South Korean stocks experienced a sharp decline of over 4% on Tuesday, with the KOSPI index plummeting as investors cashed in on recent gains in chipmaker shares. Major players like Samsung Electronics and SK Hynix saw significant drops. This profit-taking, particularly by foreign investors, led to a trading curb being…

The Economic Times

Uber board sued over alleged 'serial' compliance failures, sexual abuse lawsuits

In a complaint filed in San Francisco federal court, shareholders led by a Detroit pension fund said ‌board members ignored ⁠repeated ⁠internal and external warnings about Uber's alleged failure to address sexual abuse by drivers.

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