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The Latest Breaking News from The Economic Times

Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides

Technology stocks came under heavy selling pressure on Tuesday, putting the Nasdaq 100 on track to lose more than $1 trillion in market value. SpaceX slipped below a $2 trillion valuation for the first time since its IPO, while chipmakers and AI-linked megacaps extended losses amid valuation and rate concerns.

The Economic Times

T20I: Suryansh Hegde replaces Nitish Kumar Reddy in India A-team against Ireland series

Nitish Kumar Reddy has been sidelined from the upcoming T20I series against Ireland due to a left quadriceps injury, confirmed by an MRI scan revealing swelling and fiber disruption. He faces a minimum four-week recovery period. Meanwhile, Hegde has been drafted into the squad, impressing with his performances for India…

The Economic Times

Psychology says people who only shop during sales aren't stingy, their brains may be wired to chase value over price

Psychology teaches us that everyday habits often reveal deeper motivations. The sale itself is rarely the real story. Value is. Control is. Satisfaction is. For many people, shopping only during sales is not about being cheap. It is about feeling resourceful, making thoughtful decisions, and gaining a sense of accomplishment…

The Economic Times

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Govt revises penalties under FCRA involving receipt of foreign contributions by NGOs

New penalties are now in place for NGOs misusing foreign funds. The Home Ministry has revised compounding penalties for various FCRA violations, including spending more than 20% on administration or using funds for speculative activities. NGOs must now specify their operational purposes and states, with proselytisation explicitly excluded from certain…

The Economic Times

Best Italian Proverb of the Day: "Too much goodness ends up in the trash." A life lesson on why kindness needs balance

Best Italian proverb of the day: The Italian saying "La troppa bonezza finisce nella monnezza" ("Too much goodness ends up in the trash") warns against excessive kindness that is not appreciated or reciprocated. The proverb encourages people to balance generosity with self-respect and healthy boundaries. Its message remains relevant today,…

The Economic Times

Drawn from IOC, FIFA but still uniquely cricket-specific: Aussie doctor behind ICC's post-pregnancy guidelines

The ICC has launched groundbreaking 'post-pregnancy return to play' guidelines, drawing from global sports bodies but tailored for cricket's unique challenges. Dr. Philippa Inge, who led the drafting, highlighted the practical, cricket-specific focus addressing psychological and logistical hurdles. The six 'R's framework aims to support female cricketers in balancing family…

The Economic Times

Meet Kunal Shah: He once worked as a delivery boy to support family. Now he's set to lead world's biggest messaging platform

Kunal Shah, the visionary behind fintech success CRED and FreeCharge, is set to lead Meta's global messaging giant, WhatsApp. Shah, who previously overcame family bankruptcy by working odd jobs, will transition from his operational role at CRED, where he built a 17-million-member platform. He believes WhatsApp holds immense untapped potential,…

The Economic Times

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"Got to build on that and not go backwards": British MP Bob Blackman on India-UK FTA

A significant India-UK trade pact, set to take effect on July 15, promises to boost bilateral ties and open a market exceeding $500 billion for Indian businesses. While hailed as a landmark achievement, British MP Bob Blackman cautioned that future UK-EU trade deals could potentially diminish the benefits of this…

The Economic Times

Rupee slips as Fed rate expectations boost dollar, dent global stocks

The Indian rupee slipped a bit on Tuesday, aligning with global movements as the U.S. dollar climbed to its highest point in a year. The dollar's ascent, fueled by renewed hopes for Federal Reserve interest rate increases, led to a downturn in Asian markets. While traders brace for continued challenges…

The Economic Times

Centre extends Old Pension Scheme (OPS) benefit to compassionate ground appointees: Application date to decide eligibility; who will benefit?

Central government employees appointed on compassionate grounds before 2004, but joining after, can now opt for the Old Pension Scheme (OPS). This decision extends the benefit previously granted to regular appointees who applied before the January 1, 2004, cutoff. The move follows inter-ministerial consultations and addresses demands from employee unions,…

The Economic Times

India will monitor Chinese steel imports before deciding on further curbs, source says

India is closely watching steel imports, particularly from China, for another two months before deciding on further actions. Despite a three-year import tariff imposed in December, the nation remained a net steel importer in May, with finished steel imports exceeding the recent average. Concerns are rising among domestic steelmakers as…

The Economic Times

CUET UG result 2026 out at cuet.nta.nic.in: Check expected cut off for DU, BHU & top universities, merit list and admission process details

CUET UG 2026 results are out! Candidates can check scores on cuet.nta.nic.in. Cutoffs vary widely by university and course, with Delhi University's B.Com (Hons) expecting 750-790+ marks. Universities prepare merit lists using normalized scores, considering subject combinations and reservation policies. For DU admissions, check the CSAS portal using your CUET…

The Economic Times

PSU banks lose gold loan sourcing share as private banks, NBFCs gain traction: Report

Public sector banks are losing ground in the gold loan market to private lenders and NBFCs, which offer faster service and wider reach. While NBFCs are rapidly gaining market share, public banks still dominate priority sector gold loans, leveraging their extensive networks.

The Economic Times

Travelling to Indonesia? Here's what Indian tourists need to know

Indian travellers heading to Indonesia must ensure all entry documents are in order, as immigration authorities can deny entry. The Consulate General of India in Bali advises carrying valid visas, return tickets, accommodation proof, and sufficient funds. Tourists, especially in Bali, are cautioned about carrying cash, securing valuables, and exercising…

The Economic Times

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Pune trekker death takes shocking turn: Fiancée, her secret lover arrested for allegedly pushing groom-to-be off Lohagad Fort before grand marriage

A Pune man's tragic fall from Lohagad Fort has been revealed as a meticulously planned murder. Police have arrested his fiancée, Siya Goyal, and her alleged lover, Chetan Chaudhary, accusing them of pushing the groom-to-be, Ketan Agrawal, into a deep gorge. Initially ruled an accident, the investigation uncovered a secret…

The Economic Times

Nothing Phone (4b) to launch on July 7, kicks off new smartphone series

Nothing is set to unveil its new 'b' series with the Phone (4b) on July 7, aiming to offer an affordable entry into its ecosystem. Teaser images hint at a redesigned camera setup, possibly dual-lens, and the continuation of its signature transparent design.

The Economic Times

MHA adds West Bengal's Haldia Seaport to immigration checkpoints list

Haldia seaport in West Bengal has officially been designated as an immigration checkpoint, becoming India's 41st such facility. This move by the Ministry of Home Affairs aims to streamline international passenger and crew movement through this crucial eastern maritime hub. The amendment to the Immigration and Foreigners Act, 2025, signifies…

The Economic Times

Cathay Pacific to reduce flight fuel surcharges from July 1

Cathay Pacific Airways is set to reduce its fuel surcharges for most passenger flights starting July 1, following a dip in jet fuel costs. This move comes after a significant increase earlier in the year. The airline will cut surcharges by 14.5% on key international routes, with adjustments also planned…

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The Economic Times

Monday ship traffic through Strait of Hormuz highest since start of war: monitor

A record 36 commodity carriers navigated the Strait of Hormuz on Monday, a significant uptick following a US-Iran memorandum to end the Middle East war. This surge, nearing a third of normal peacetime traffic, follows Iran's earlier closure of the vital waterway. Despite a recent reopening, Iran's assertion of administering…

The Economic Times

India needs 7-8% growth for Viksit Bharat, private investment and export push crucial: EAC-PM Chairman

India needs sustained 7-8% economic growth to become 'Viksit Bharat' by 2047, driven by private investment and exports. Structural reforms are in place, with 'Atmanirbhar Bharat' focusing on enhancing domestic capability and product quality for global competitiveness, not import substitution. The nation is also prioritizing organic farming to reduce fertilizer…

The Economic Times

Sanjeev Kapoor rejected MasterChef India offer repeatedly, revealed why he demanded more pay than Akshay Kumar

Renowned chef Sanjeev Kapoor revealed he repeatedly declined MasterChef India until his demand for professional expertise to be valued equally, or more, than celebrity hosts was met. He insisted that his years of experience in the culinary field warranted greater recognition than actors on a food-based show. This condition was…

The Economic Times

Talent twist: Silicon Valley's India story takes an unexpected turn

The prospective appointment of Kunal Shah to a leadership position at WhatsApp exemplifies an emerging pattern: Indian founders are increasingly sought after by Silicon Valley. Unlike traditional executives who have ascended through corporate ranks, Shah's expertise originates from India's dynamic digital landscape. This reflects Big Tech’s shift towards valuing entrepreneurial…

The Economic Times

Amit Shah directs Nafed, NCCF to bypass middlemen, buy pulses and oilseeds directly from farmers

Union Minister Amit Shah has directed Nafed and NCCF to procure pulses and oilseeds directly from farmers, aiming to cut out middlemen and reduce India's import dependence. This move, set for a two-year implementation, ensures farmers receive minimum support prices directly.

The Economic Times

India has contingency plans in place amid 40% rainfall deficit, says Agriculture Commissioner

While India is currently facing 40 per cent rainfall deficit, the country has prepared district-level contingency plans to tackle possible rainfall uncertainty, with irrigation capacity and food grain reserves providing a buffer against any potential impact on crop production, said PK Singh, Agriculture Commissioner, Ministry of Agriculture & Farmers Welfare.

The Economic Times

Trapped: From Lucknow to Delhi and Jaipur, the deadly pattern behind India's summer blazes

A wave of deadly fires across India in recent months has exposed critical safety lapses and lax enforcement of regulations. From coaching centres and hotels to factories and even residential buildings, tragedies have claimed nearly 50 lives. These incidents highlight how rapid urban growth is outpacing essential safety compliance, leaving…

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