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The Latest Breaking News from The Economic Times

SpaceX heads toward fourth day of gains since record IPO

SpaceX shares are rising for a fourth day, solidifying its position as a global giant. The company has surpassed Amazon in market value, becoming the fifth-largest stock worldwide. This rally shows strong demand following its record IPO. Investors anticipate future IPOs from AI rivals. Key economic and geopolitical events are…

The Economic Times

Lok Sabha Speaker Om Birla calls TMC MP Abhishek Banerjee on June 19 to discuss rebel MPs row

Lok Sabha Speaker Om Birla has called upon the Trinamool Congress national general secretary Abhishek Banerjee for a discussion on June 19 regarding the 20 rebel MPs and his stance on the matter, sources said on Wednesday.

The Economic Times

G7 leaders applaud Iran, Ukraine progress ahead of tackling AI

G7 leaders are calling a US-Iran deal a historic chance. They also agreed to put more pressure on Russia regarding its Ukraine invasion. The leaders will meet with AI company heads to discuss online safety. Discussions also involve increasing air defense for Ukraine and strengthening sanctions on Russia's economy. The…

The Economic Times

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This Indian metro city has the most pampered pets. It’s not Delhi or Mumbai

Bengaluru leads India in pet pampering, with most spending on treats and premium items. Cat food demand is high, making Mumbai the cat capital. Pet owners are shifting to wellness, with grain-free food and supplements growing. Bird and rabbit food orders also show significant increases, indicating a broader range of…

The Economic Times

Why Saudi Arabia imports sand despite being covered by desert

Despite vast desert landscapes, Saudi Arabia imports construction-grade sand due to its smooth, wind-shaped grains being unsuitable for concrete. The kingdom requires angular, rough sand for its ambitious Vision 2030 projects, highlighting a global shortage and the need for sustainable alternatives like recycled materials.

The Economic Times

Doubled in 5 years: India's military-industrial moment has arrived

India's defence production has surged to a record Rs 1.78 lakh crore in FY26, nearly quadrupling since 2013-14. This growth, fueled by the Aatmanirbhar Bharat program and a record defence budget, signifies the emergence of a robust defence-industrial ecosystem with expanding private sector participation and record exports.

The Economic Times

Israel approves National AI Plan to strengthen technological self-reliance

Israel is launching a major national plan to boost its artificial intelligence capabilities. The government aims to make the country a global leader in AI technology. This initiative will integrate AI across all sectors, from economy to public services. Israel will focus on developing its own computing power and fostering…

The Economic Times

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IHCL's domestic hotel demand strong even as Middle East crisis drags on Dubai business: Puneet Chhatwal

Indian Hotels Company Limited anticipates a year-long recovery for its Dubai hotels due to the Middle East crisis, though domestic business remains robust. Despite this, the company is on track for 12-14% topline growth, driven by its expanding capital-light management fee business and a strong pipeline of new hotel openings…

The Economic Times

91% of Indian crypto investors avoid panic trading during market volatility: Mudrex

A Mudrex survey of over 6,000 active crypto traders found that 91% of Indian investors avoid panic trading during market volatility, opting instead for measured portfolio adjustments or patient observation. The study also highlighted rising long-term investing habits, conservative crypto allocations, and growing adoption of crypto SIPs across India.

The Economic Times

How a Rs 5 dispute ended Indian Railways paying Rs 10,000 as compensation

Indian Railways must refund five rupees to a passenger. The railways also have to pay ten thousand rupees in costs. This follows a consumer commission ruling in Ludhiana. The passenger received less refund than expected after cancelling a train ticket. Railways failed to inform the passenger about a bank deduction.…

The Economic Times

BMW rolls out MINI Countryman C locally with introductory price of Rs 47.5 lakh

BMW Group India has launched the locally assembled petrol-powered MINI Countryman C at an introductory price of Rs 47.50 lakh. This move to local manufacturing makes the premium crossover more competitive. The new variant features a 1.5-litre turbocharged petrol engine and is built on the UKL2 platform.

The Economic Times

Kerala Lottery Dhanalekshmi DL-57 result out today (17-06-2026); check Rs 1 crore prize winning number and full list here

Kerala lottery results today: Kerala Lottery Dhanalekshmi DL-57 results for Wednesday, 17 June 2026, have been officially declared. Ticket holders can now check their numbers for the Rs 1 crore first prize and other attractive cash rewards. Full list of other winning numbers here.

The Economic Times

'Modi Ji, drop theatrics; Strike at mafia, not students': Rahul Gandhi attacks Centre over 'Telegram ban' move

Congress leader Rahul Gandhi has strongly criticized the Centre's decision to restrict Telegram access. He claims the government is targeting students instead of the paper leak mafia. The National Testing Agency has blocked Telegram until June 22, 2026, citing its use in cheating rackets for the NEET-UG 2026 re-examination. Telegram…

The Economic Times

Capitalmind Flexi Cap Fund adds Nestle India and 10 others, exits SBI and 14 others in May

Capitalmind Flexi Cap Fund made significant portfolio adjustments in May. The fund welcomed Nestle India and eleven new stocks. It also divested holdings in State Bank of India and fourteen other companies. Exposure was increased in sixteen stocks, including NMDC and Indus Towers. The fund's portfolio now holds thirty-eight stocks…

The Economic Times

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PM Modi interacts with world leaders during G7 Summit

Prime Minister Narendra Modi attended the G7 Summit in France. Leaders from Italy, the European Union, and Kenya were present. The G7 nations signed a joint declaration. They welcomed a peace deal between the US and Iran. Support for Ukraine was reaffirmed. The declaration covered Indo-Pacific security, energy resilience, and…

The Economic Times

Fadnavis proposes creation of special rail freight corridor to link ports with Samruddhi Expressway

Maharashtra plans a dedicated rail freight corridor. This corridor will connect major ports like JNPT and Vadhvan Port with the Samruddhi Expressway. The initiative aims to significantly cut logistics costs. It will also link inland dry ports and industrial hubs across the state. This integration will bring more of Maharashtra…

The Economic Times

Why keeping your AC on while away could actually save money

Experts suggest leaving your air conditioner on at a higher temperature when you step out. This can save electricity and money by preventing the unit from working harder to cool a hot room. Modern inverter ACs are particularly efficient with this approach. Smart usage, not just switching off, is key…

The Economic Times

Which city is known as the world's gold capital? The historic gold discovery that changed an entire world’s future

Johannesburg, known as the "Gold Capital of the World" or "eGoli," rose to prominence after a significant gold discovery in 1886. This sparked a global gold rush, transforming the Witwatersrand Basin into a major mining hub. The region has since produced nearly 40% of all gold ever mined, solidifying Johannesburg's…

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The Economic Times

US Fed meeting outcome today: 5 things investors should watch as policymakers weigh inflation risks

The US Federal Reserve is expected to leave interest rates unchanged at its policy meeting on Wednesday, the first under new Fed Chair Kevin Warsh. Markets are pricing in a pause, with the benchmark rate likely to remain in the 3.5%-3.75% range. Investors will focus on the Fed's commentary for…

The Economic Times

Everything you need to know about Specs, Snap’s latest venture into augmented reality

Snap has positioned the glasses as a standalone AR device that overlays 3D digital content onto the real world, aiming to bridge the gap between lightweight smart glasses such as Meta’s Ray-Ban smart glasses, and bulkier mixed-reality headsets such as Apple Vision Pro.

The Economic Times

New Zealand cracks down on visa breaches, flags nearly 100 migrants in major immigration compliance operation

New Zealand authorities have launched a major operation targeting immigration violations. Ninety-eight migrants were identified for breaching visa conditions. This crackdown aims to protect the integrity of the nation's immigration system. The operation also led to visa cancellations and penalties for employers. These efforts reinforce compliance for both workers and…

The Economic Times

'Convey our strong protest and anger': Arvind Kejriwal urges PM Modi to address Indian seafarers' deaths to Trump

Arvind Kejriwal has called on Prime Minister Narendra Modi to protest the deaths of three Indian seafarers to US President Donald Trump. The seafarers died in an attack in the Gulf of Oman. Kejriwal urged Modi to show courage and voice the nation's anger. Prime Minister Modi had previously raised…

The Economic Times

Obsession 2: Is a sequel happening after the horror film's massive box office run? Here's what we know

Despite its massive box-office success, director Curry Barker is taking a cautious approach to a potential sequel for the supernatural horror film Obsession. While a "cool idea" exists, Barker prefers to explore the "be careful what you wish for" premise through an anthology franchise rather than a direct continuation of…

The Economic Times

Australia relaxes Gulf travel advice in boost for Middle Eastern airlines

Australians can now travel to the UAE, Qatar, Bahrain, Israel, and Kuwait. The government has eased travel warnings for these nations. This change follows a deal between the US and Iran. Gulf airlines are expected to benefit. Airfares may also see adjustments. Travelers can now secure insurance for these routes.

The Economic Times

Navi Mumbai International Airport to launch international flights from July 15

Navi Mumbai International Airport (NMIA) is set to launch international passenger and cargo freighter services on July 15, pending final regulatory approvals. The airport is also redesigning its Terminal 2 to accommodate a significantly larger capacity of 50 million passengers, aiming to become a major aviation and logistics hub with…

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