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The Latest Breaking News from The Economic Times

AI startup Baseten hits $13 billion valuation as Australia's Blackbird makes record bet

The round was led by U.S.-based investors ‌Sands Capital ⁠and ⁠Wellington Management, Baseten said late on Monday. Top Australian venture capital firm Blackbird VC said it contributed the firm's biggest-ever investment, without specifying an amount.

The Economic Times

DU announces second round of PG seat allocations; over 8,000 admissions confirmed after first round

University of Delhi has confirmed 8,150 postgraduate admissions after the first round, with 2,964 new allocations in the second round for the 2026-27 session. Candidates are navigating freeze and upgrade options for their preferred courses. Meanwhile, the five-year integrated law program is in its third round, and B. Tech admissions…

The Economic Times

Meesho shares rise 2% as Citi initiates coverage with Buy rating. Here's why

International brokerage Citi initiated coverage on Meesho with a 'Buy' rating, setting a target price of Rs 210 and anticipating a 23% upside. The firm is optimistic about Meesho's growth in India's e-commerce sector, citing its strong presence beyond major cities and a robust seller network. The company reported significantly…

The Economic Times

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Quote of the Day by Daniel Radcliffe: “When you're in the position I'm in, you have two options” – A powerful life lesson on openness and trust

Daniel Radcliffe quote offers a profound insight into navigating fame and life: embrace connection despite the risk of being taken advantage of, or isolate yourself and miss out on genuine experiences. His perspective underscores that a life lived with trust, though it may bring occasional setbacks, ultimately leads to richer…

The Economic Times

No Nifty returns in 2 years? Axis AMC’s Shreyash Devalkar reveals where he's investing now

Despite muted index returns and significant FII outflows, the Indian equity market's underlying economy shows resilience with healthy earnings growth. Axis AMC's Shreyash Devalkar highlights AI-driven FII exits and suggests large caps offer valuation comfort but limited growth. He favors mid and small caps for structural growth themes, though valuations…

The Economic Times

ETMarkets PMS Talk | We analyse over 300 data points to identify alpha: Wright PMS' Sonam Srivastava

Wright PMS's Sonam Srivastava champions a data-driven approach to active investing, analyzing over 300 data points to identify alpha. Her firm's Factor Fund has significantly outperformed benchmarks, delivering nearly 20% CAGR. Srivastava highlights dynamic allocation across sectors like data centers and power transmission, emphasizing a quantitative strategy that adapts to…

The Economic Times

FIFA 2026: Haaland's second World Cup double lifts Norway past Senegal

Erling Haaland's brace propelled Norway to a thrilling 3-2 victory over Senegal, securing their spot in the World Cup knockout stages after a 28-year absence. Despite a strong start from Senegal, Norway's attack, spearheaded by the in-form Haaland, proved too much. Marcus Pedersen opened the scoring, followed by two clinical…

The Economic Times

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3 AI stocks outweigh all of India: Why this concentration is sounding EM alarm bells

Two Asian markets are heavily reliant on AI chipmakers, with TSMC, Samsung, and SK Hynix dominating emerging market indices. This concentration poses significant risk. In contrast, India's market offers diversification across sectors like BFSI, consumption, and infrastructure, presenting a potentially more resilient investment opportunity. Experts highlight India's growing AI infrastructure…

The Economic Times

UPTET Exam City 2026 Official Website Link: Check direct link to download city intimation slip, admit card

UPTET exam city 2026 official website: Aspiring teachers can now check their UP TET 2026 exam city via the intimation slip released on June 22. The offline examination is scheduled for July 2, 3, and 4, with admit cards expected by June 30. This slip offers a preview of the…

The Economic Times

Bharat Electronics shares in focus after defence PSU wins orders worth Rs 1,081 crore

Bharat Electronics shares are in focus following a significant Rs 1,081 crore order win, adding to previous gains. The defence PSU reported a 5% net profit rise for Q4 FY26, driven by strong defence project execution and increased revenue. Analysts from Goldman Sachs maintain a 'Buy' rating, while Nomura holds…

The Economic Times

Argentina vs Austria FIFA World Cup: Lionel Messi's world record sends defending champions into football knockouts

Lionel Messi's brace secured Argentina's spot in the FIFA World Cup 2026 knockout stage with a 2-0 victory over Austria. Despite a missed penalty early on, the veteran forward broke the deadlock before adding a second in stoppage time. These goals propelled Messi to become the all-time leading scorer in…

The Economic Times

FIFA World Cup 2026: Mbappe double sends France into knockout rounds after lengthy weather delay

Kylian Mbappe netted a brace, his second double of the tournament, as France secured a commanding 3-0 victory over Iraq, advancing to the last 32. Ousmane Dembele added a third goal in a match significantly delayed by thunderstorms. Mbappe's goals bring him level with a World Cup scoring record, while…

The Economic Times

Block deal alert! Craftsman Auto shares in focus as promoter to sell stake worth Rs 486 crore

Craftsman Automation shares are under scrutiny as promoter Srinivasan Ravi plans to sell up to 2.01% stake via a block deal worth Rs 486 crore. This secondary transaction, with a floor price of Rs 9,250, follows a recent Rs 2,000 crore QIP. The move aims to monetize holdings and boost…

The Economic Times

Info Edge shares jump 4% as AI portfolio doubles to Rs 1,268 crore; total holdings at Rs 41,300 crore

Info Edge's stock surged over 4% as its artificial intelligence investments more than doubled in value, reaching Rs 1,268 crore. The company's AI startup portfolio has yielded a 2.1x multiple and a 31% internal rate of return. Overall, Info Edge's startup investments are now valued at Rs 41,300 crore, reflecting…

The Economic Times

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Best Proverb of the Day: 'The happiest people do not have the best of everything; They make the best of everything” — What it means and the powerful life lesson it teaches about happiness, gratitude and success

True happiness isn't about possessing the best, but about making the most of what you have. This timeless wisdom highlights that contentment, gratitude, and a positive outlook are the real keys to a fulfilling life. Instead of focusing on what's missing, embracing opportunities and appreciating everyday moments cultivates joy. Resilience…

The Economic Times

Turtlemint Fintech IPO Day 3: Fully subscribed 1.02x, GMP signals, brokerage views and key details

Turtlemint Fintech's IPO saw strong demand, fully subscribing on its final day with institutional investors showing significant interest. Despite a modest grey market premium suggesting a subdued listing, the company aims to leverage its extensive PoSP network and digital platform for growth in India's underpenetrated insurance sector. Proceeds will fund…

The Economic Times

Telegram still not working in India? Users ask why platform remains blocked even after NEET-UG exam ends

Telegram Kab Chalu Hoga: Telegram users across India are still grappling with access issues on June 23, with messages undelivered and the app unavailable. This disruption persists beyond the anticipated end of NEET-UG re-examination restrictions, sparking widespread user queries on social media. While no official extension has been confirmed, the…

The Economic Times

Beyond Jio IPO: 5 triggers Mukesh Ambani has lined up to revive Reliance shares for 44 lakh investors

Reliance Industries is charting a new course to boost its stock for 44 lakh investors, moving beyond a potential Jio IPO. Billionaire Mukesh Ambani has unveiled five key growth drivers, including revitalizing the O2C business, scaling up new energy ventures, building India's AI backbone, expanding FMCG operations to a Rs…

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The Economic Times

Qualcomm nearing deal for AI chip startup Modular: report

A global supplier of smartphone chips, Qualcomm has been working to reduce its reliance on the ⁠volatile handset ‌market by branching out into fast-growing areas like data center processors ⁠and autonomous vehicle chips.

The Economic Times

UP CM Yogi Adityanath forms SIT to probe Lucknow fire; team begins investigation

A devastating fire in Aliganj, Lucknow, claimed 15 lives and injured nine, prompting the UP Chief Minister to form a special investigation team. The blaze ripped through a commercial building, trapping students. Preliminary reports suggest an AC duct fire and lack of proper exits contributed to the tragedy.

The Economic Times

JD Vance says talks with Iranian officials set 'good foundation' for a deal to end US-Iran war

Iran US War: United States Vice President JD Vance reported significant progress in talks with Tehran, aiming for a permanent end to the recent conflict. Discussions focused on reopening the Strait of Hormuz and de-escalating the Israel-Hezbollah fighting. An interim deal sets a 60-day window for negotiations on Iran's nuclear…

The Economic Times

Mumbai weather today: Cloudy skies, thunderstorms and rain lash city; IMD issues alert

Mumbai experienced pre-monsoon showers with thunderstorms, signaling the Southwest Monsoon's advance into Maharashtra. The India Meteorological Department forecasts widespread rainfall, heavy at isolated Konkan spots, and thunderstorms in Marathwada. Fishermen are warned against venturing into the sea. Authorities have issued an Orange Alert for Mumbai, anticipating heavy downpours and gusty…

The Economic Times

US opens probe into fatal Tesla crash into Texas home

A US agency is probing a fatal Tesla crash in Texas where an elderly woman died. The vehicle reportedly used advanced driver assistance systems. This incident adds to nearly 50 similar investigations involving Teslas since 2016, with numerous deaths reported. Tesla CEO Elon Musk disputed claims about the crash's speed,…

The Economic Times

Jivial Industries IPO opens for bidding. Check GMP, price band, subscription and other details

The BSE SME issue closed on June 25, while the shares are scheduled to list on July 1. The IPO is priced at Rs 196 per share and comprises a combination of a fresh issue worth Rs 26.65 crore and an offer for sale (OFS) of Rs 5.34 crore, taking…

The Economic Times

Waterways Leisure Tourism IPO opens for subscription. Should you subscribe?

Waterways Leisure Tourism, operator of Cordelia Cruises, is launching its IPO on June 23, aiming to raise Rs 585 crore. The company, India's leading domestic cruise operator, plans to use funds for fleet expansion and vessel acquisition. Despite a dominant market share, a low grey market premium suggests modest listing…

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