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The Latest Breaking News from The Economic Times

SpaceX holds $100.8 billion in ⁠cash as Elon Musk's rockets-to-AI reveals major details after $75 billion IPO makes it one of world's most valuable companies

SpaceX shares jumped 19 per cent in their Nasdaq debut on June 12, when it raised more than $75 billion in a record offering.

The Economic Times

NSA Ajit Doval meets senior Iranian security official

In a significant diplomatic engagement, National Security Adviser Ajit Doval held discussions with Iran's Deputy Secretary for Defence Affairs Ghadir Nezamipour in New Delhi to navigate the complex security dynamics of West Asia.

The Economic Times

African Proverb of the Day: “Do not follow a person who is… — Life lessons on judgment, awareness, decision making, responsibility and why understanding a situation matters more than following the crowd

African Proverb of the Day highlights the meaning of “Do not follow a person who is running away.” The saying reflects the importance of independent thinking, careful judgment, and understanding a situation before taking action. It suggests that blindly following others can lead to mistakes, especially when their actions are…

The Economic Times

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Kunal Shah named WhatsApp global CEO as Meta takes $900 million stake in Cred

Meta enters the cap table of fintech co-valued at $4.5 billion post-money; Miten Sampat is interim CEO. The funding comprises about $400 million in secondary sale of shares by existing shareholders, while the remaining $500 million will be ploughed into the company.

The Economic Times

Who is Giancarlo Esposito, the 'Breaking Bad' actor who accepted Islam after Saudi Arabia visit? Watch video

Giancarlo Esposito accepts Islam: Acclaimed actor Giancarlo Esposito, famous for 'Breaking Bad' and 'The Boys', has embraced Islam. Reports indicate he recited the Shahada, Islam's declaration of faith, while filming his latest project, '7 Dogs', in Saudi Arabia. A video shared online shows Esposito praying in a mosque, with the…

The Economic Times

Delhivery unveils welfare scheme with Rs 15 lakh accident cover for gig workforce

Delhivery has launched 'Abhyam', a comprehensive welfare program for its 1 lakh frontline workers. This initiative offers significant benefits including accidental insurance up to Rs 15 lakh, family health cover of Rs 5 lakh for spouse and two children, and children's scholarships. The program aims to provide a crucial safety…

The Economic Times

117-year-old bourse Calcutta Stock Exchange eyeing a revival under new Bengal govt

The West Bengal government is exploring a revival of the 117-year-old Calcutta Stock Exchange, which has remained dormant since 2013. Officials are evaluating alternative business models and engaging stakeholders to restore the historic bourse, while addressing regulatory and legal challenges that have stalled its operations for years.

The Economic Times

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US stocks: Oaktree-backed ITG targets $2.7 billion valuation in US IPO

Digital infrastructure firm ITG is aiming for a valuation of up to $2.67 billion in its US stock market debut, seeking to raise as much as $429 million. The company, which supports broadband network construction and maintenance, is capitalizing on strong AI-driven demand and a busy summer for IPOs. ITG's…

The Economic Times

CISF to integrate facial recognition data from major airports

The Central Industrial Security Force (CISF) is planning a nationwide data fusion centre in Delhi to integrate facial recognition data from major airports. This initiative, currently under Home Ministry consideration, aims to enhance security by linking approximately 1.5 lakh CCTV cameras. The force is also expanding its security mandate to…

The Economic Times

Greek proverb of the day: 'Danger can only be overcome by...' - this Greek saying reveals the secret to overcoming fear and why avoiding problems only makes them worse

Greek proverb of the day: A Greek saying highlights that avoiding danger can sometimes amplify it, urging decisive action and calculated risks. This timeless advice emphasizes that true courage lies in acting despite fear, a crucial element for personal growth and societal progress.

The Economic Times

Keir Starmer turned India-UK FTA into his tenure defining deal. Here's how

Keir Starmer's Labour government, which secured a landslide victory, prioritized strengthening ties with India, culminating in the India-UK Comprehensive Economic and Trade Agreement (CETA) set to take effect on July 15. This landmark deal aims to significantly boost bilateral trade. Starmer's premiership also focused on rebuilding public confidence and repairing…

The Economic Times

Lucknow coaching fire: Horrifying visuals show people jumping from first floor of coaching centre, bystanders rescue victim

Lucknow fire: A devastating fire at a Lucknow coaching centre in Aliganj has claimed at least 15 lives, with many students forced to jump from the first floor to escape the inferno. Harrowing visuals captured desperate attempts to flee the engulfed building. Authorities have launched a high-level inquiry into the…

The Economic Times

Psychology says people who always use GPS while driving even when they know the way are not forgetful: Why they trust certainty more than memory

Psychology suggests that people who always use GPS while driving are rarely forgetful. They are often responding to the way the modern brain conserves mental energy and minimizes uncertainty. Humans naturally seek predictability, and relying on GPS can reduce decision fatigue, ease stress, and create a greater sense of confidence…

The Economic Times

Best quote of the day by William Ernest Henley: 'So many are the deaths we die before...' Life lessons on existential truth, resilience, endings, unexpected losses, grief, heartbreak, broken dreams, human perseverance, personal growth and self-discovery

Best quote of the day by William Ernest Henley reminds readers that life is filled with emotional endings before physical death. The quote explores grief, heartbreak, broken dreams, resilience, personal growth and self-discovery. It explains how people change after every setback and why accepting loss helps them move forward. The…

The Economic Times

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US stocks: Miner Sinda kicks off US IPO roadshow with $1.97 billion valuation target

Silver miner Sinda has launched its US IPO, aiming for a valuation up to $1.97 billion and seeking to raise $235.2 million. This debut adds to a busy summer for new stock market listings, fueled by strong equity markets. The company, backed by The Electrum Group and led by Thomas…

The Economic Times

CBSE to issue revised Class-12 physical marksheets through regional offices

Students whose Class-12 scores were revised after verification will receive new physical marksheets at CBSE regional offices soon. They must surrender old copies. The updated marksheet is also available digitally on DigiLocker. CBSE has begun releasing re-evaluation results, with over 87% processed in the first phase, ensuring a fair and…

The Economic Times

Aadhaar app tops 3.1 crore downloads; 40 lakh users update mobile numbers

India's new Aadhaar mobile app has seen tremendous success, with over 31 million downloads in just five months. This user-friendly application allows citizens to easily update their mobile numbers and addresses directly from their smartphones. It also offers features like biometric lock, face verification, and a digital QR card for…

The Economic Times

Quote of the Day by Nikola Tesla: “The day science begins to study non-physical phenomena...” — What if humanity's next great revolution doesn't come from a laboratory? The inventor who powered the modern world believed our biggest discoveries still lie beyond the visible

Quote of the Day by Nikola Tesla: Long before the modern world embraced his ideas, Nikola Tesla believed humanity's greatest breakthroughs would come from exploring the unknown. This powerful quote is more than a prediction about science—it is a timeless lesson on curiosity, wisdom, and the courage to look beyond…

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The Economic Times

US stocks: SpaceX launches debt sale to raise capital, reports $100.8 billion in cash

SpaceX is making waves with a new notes offering, and they've revealed a massive $100.8 billion cash balance. This significant financial position suggests the company is well-funded for its ambitious future plans, including further Starship development and its ongoing Starlink satellite internet expansion.

The Economic Times

Yotta ramps up AI push with additional $6 billion investment

Yotta Data Services is injecting a massive $6 billion into expanding its AI infrastructure, significantly boosting its Nvidia GPU deployment. The company is increasing its Nvidia Blackwell GPU order and plans to integrate thousands of next-generation chips. This move highlights India's ambition to become a global AI compute hub, ensuring…

The Economic Times

After cloud spending, IT companies see 'token maxxing' as AI's next cost challenge

IT firms are flagging a new AI challenge: 'token maxxing,' where companies prioritize AI usage metrics over actual business results. This trend, akin to past cloud spending issues, sees token consumption treated as value. Experts emphasise tracking AI's impact on workflows and outcomes, not just its input.

The Economic Times

Sebi proposes sweeping revamp of technology rules for stock exchanges

Sebi has proposed a major revamp of technology and cyber security rules for stock exchanges, clearing corporations and depositories. The regulator aims to simplify regulations, eliminate overlaps, strengthen cyber resilience and improve ease of doing business through a unified framework covering audits, capacity planning, disaster recovery and algo trading.

The Economic Times

Angelina Jolie quote of the day: 'Pain and suffering is the key to all windows, without it, there is no way of life'

Angelina Jolie’s quote explores how pain and suffering shape personal growth, resilience, and wisdom. The actress and humanitarian suggests that life's challenges teach valuable lessons and open new perspectives. Her own journey reflects this belief, showing how adversity can become a powerful force for self-discovery, strength, and transformation.

The Economic Times

World Bank approves USD 1.5 bn loan to support India's reforms, job creation

India's push for private sector-led growth and job creation has received a significant boost with the World Bank approving USD 1.5 billion in financing. This funding will support structural reforms aimed at simplifying business regulations, enhancing trade, and improving access to capital. The initiative is projected to create employment for…

The Economic Times

Unruly aircraft passenger bites fellow flyer, tries to fight everyone aboard American Airlines flight

An American Airlines flight to Philadelphia descended into chaos Sunday when a passenger allegedly bit another traveler and attempted to fight others. The pilot urgently requested police and medical personnel to meet the plane upon landing, describing the situation as severe. This incident adds to a recent surge in disruptive…

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