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The Latest Breaking News from The Economic Times

Zee in talks with FIFA to stream World Cup 2026 in India amid uncertainty over broadcast rights

Zee Entertainment Enterprises is in discussions with FIFA. The company aims to broadcast and stream the FIFA World Cup 2026 in India. This move could end uncertainty for Indian viewers. Zee is also launching new sports channels. These channels will feature various sports including football. The talks with FIFA are…

The Economic Times

Micron joins $1 trillion club as AI race powers memory chip boom

Micron has reached a significant milestone, crossing $1 trillion in market value for the first time. This achievement highlights the company's strong performance. Its shares saw a substantial increase. This surge is linked to a brokerage firm raising its price target significantly. Micron is now recognised as a major beneficiary…

The Economic Times

Indonesia blocks Polymarket over online gambling concerns after bets on president's exit

Indonesia has blocked the prediction market Polymarket. This action is part of a wider crackdown on online gambling. Polymarket was reportedly taking bets on the premature end of President Prabowo Subianto's term. Indonesian authorities classify Polymarket as an online gambling platform. The ministry stated its activities violate Indonesian law. Polymarket…

The Economic Times

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African proverb of the day: 'A sugarcane is sweetest at the...' - inspiring life lessons on hard work, overcoming challenges and why life’s toughest journeys bring the greatest rewards

African proverb of the day: Meaningful achievements stem from hard work, patience, and persistence, often requiring effort and sacrifice. Difficult experiences build resilience and wisdom, making accomplishments earned through struggle more valuable and impactful. The journey, with its challenges, shapes character and fosters a deeper appreciation for success.

The Economic Times

SpaceX debut draws a crowd, but few recent hot IPOs outpace the market

Wall Street anticipates SpaceX's IPO, but recent data shows many large debuts have lagged the S&P 500. Investors buying at IPO prices have seen lower returns than those in the S&P 500 index. High valuations, especially for AI companies, present risks.

The Economic Times

Corporate Majdoor Janta Party: Gurgaon professional’s satirical manifesto goes viral, CBI audit of CTC vs in-hand salary among promises

A former Amazon employee has created a satirical political party called the Corporate Majdoor Janta Party. The party's manifesto humorously addresses corporate issues like layoffs and meetings. The post has gone viral on LinkedIn, resonating with many professionals. This initiative is inspired by a similar online movement. The party's satirical…

The Economic Times

Logistics startup Stord raises $250 million at $3 billion valuation

Stord, a logistics startup, has secured nearly $250 million in funding, valuing the company at $3 billion. This investment underscores confidence in technology platforms empowering independent brands. Stord also launched Stord Labs to research AI and robotics for warehouse improvements. The company's valuation has doubled in a year, reflecting significant…

The Economic Times

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Aiming at China, Quad announces massive USD 20 bn critical minerals framework

The Quad nations have launched a critical minerals cooperation framework. This initiative pledges up to USD 20 billion in capital to strengthen supply chains. The grouping expressed concerns over economic coercion. This move aims to ensure diversified and reliable access to vital minerals for advanced technologies and economic growth.

The Economic Times

Samsung consumer electronics union asks court to block vote on pay deal

A Samsung Electronics union is challenging a pay deal. The agreement offers large bonuses to chip division workers. Consumer electronics employees feel left out. They have asked a court to stop the vote. The deal averted a strike. It highlights divisions over AI profits. Some shareholders also plan legal action.

The Economic Times

Government okays Skymap Pharmaceuticals' Rs 121-cr bid to buy IMPCL

The government has approved the sale of Indian Medicines Pharmaceutical Corporation Ltd. Skymap Pharmaceuticals Pvt Ltd will acquire the company for over Rs 121 crore. This strategic sale involves 100 percent stake and management control. IMPCL manufactures Ayurvedic and Unani medicines. The approval followed a competitive bidding process. The transaction…

The Economic Times

Quote of the day by Seneca: ‘He suffers more than necessary, who suffers before it…’ The Roman philosopher’s powerful warning about fear, stress and mental suffering explains why people exhaust themselves before problems arrive

Quote of the Day: Seneca the Younger’s writings endured long after the fall of the Roman Empire because they explored psychological struggles that remain deeply human today. His essays influenced thinkers and writers ranging from William Shakespeare to Michel de Montaigne, while modern readers continue turning to Stoicism during periods…

The Economic Times

Dropbox CEO Andrew Houston to step down, insider Ashraf Alkarmi named successor

Dropbox is seeing a leadership change. Co-founder Andrew Houston will step down as CEO after a transition period. Ashraf Alkarmi will take over as the sole chief executive. Alkarmi previously managed the company's core products. Michael Torres has been appointed chief product officer. Dropbox recently reported strong first-quarter revenue.

The Economic Times

Company gets roasted after laid off employee's replacement slides into her LinkedIn DMs for free help, advice was absolutely savage

A growing number of laid off professionals now face an unexpected workplace dilemma on LinkedIn. Their replacement hire reaches out for training, work guidance, or support after job loss. The message looks simple. The emotions behind it are not. Career experts say modern layoffs often leave employees carrying invisible pressure…

The Economic Times

India rejects China-Pakistan remarks on J&K, calls Kashmir & Ladakh 'integral parts' of country

India has strongly rejected comments on Jammu and Kashmir and Ladakh made by China and Pakistan. India stated that these regions are and will always be part of the country. New Delhi emphasized that no foreign nation has the right to comment on these matters. India's stance on the issue…

The Economic Times

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Govt to offload up to 2% stake in Coal India via OFS on May 27-29; floor price at Rs 412/share

The government will divest up to a 2% stake in Coal India through an offer for sale scheduled across May 27 and May 29. The OFS floor price has been fixed at Rs 412 per share, nearly 10% below Coal India’s Tuesday closing price on the NSE.

The Economic Times

Lt Gen Harjeet Singh Sahi appointed Chief of Staff, Western Command

According to the Defence PRO, Lt Gen Sahi succeeds Lieutenant General Puneet Ahuja, AVSM, SM, VSM, who has proceeded to assume the appointment of Director General Strategic Planning at Army Headquarters.

The Economic Times

India has highest proportion of researchers globally considering moving overseas: Report

A new study reveals Indian researchers are most likely to seek opportunities abroad. Better facilities, salaries, and funding are key drivers. This trend highlights a global movement in research. India is focusing on enhancing its research infrastructure and funding to foster innovation within the country.

The Economic Times

'Seriously concerned': Quad joint statement flags water cannons, blocked ships in South and East China Seas

India, US, Japan, and Australia foreign ministers met in New Delhi. They voiced serious concerns over the South China and East China Seas. The group also condemned terrorism and North Korea's actions. New frameworks for critical minerals, energy security, and maritime surveillance were launched. The ministers also addressed online scams…

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The Economic Times

Eid al-Adha 2026: When is Eid al-Adha 2026? Why Muslims celebrate two Eid holidays every year across the globe

Muslims worldwide are observing Dhul Hijjah, the holiest month in the Islamic calendar, which began on May 18, 2026. The month culminates in Eid al-Adha, the Festival of Sacrifice, celebrated on May 27, honoring Prophet Abraham's devotion and coinciding with the Hajj pilgrimage.

The Economic Times

Iran condemns US strikes as show of 'bad faith', warns of consequences

Iran has condemned US strikes as a breach of trust during peace talks. The US military stated the strikes were defensive. Negotiations are ongoing for a deal to end the war. The Strait of Hormuz remains a key point of discussion. The conflict impacts global food supplies. New proposals involve…

The Economic Times

US stocks today: US stocks rise near record highs on Iran deal hopes, oil climbs

U.S. stocks rose Tuesday, catching up after a holiday, as optimism over U.S.-Iran talks lifted sentiment. The S&P 500, Nasdaq and Dow hovered near record highs, while oil prices climbed amid geopolitical tensions. Asian and European markets were mixed as investors weighed conflict risks against hopes of a diplomatic breakthrough.

The Economic Times

Trump, near 80, to have annual physical amid scrutiny of recent ailments

President Donald Trump visited Walter Reed for his annual physical. This visit follows public attention on minor health issues. Recent photographs showed a blotchy neck rash. Last year, images revealed swollen ankles and a bruised hand. Trump, who turns 80 next month, often contrasts his fitness with that of his…

The Economic Times

US Supreme Court declined to hear Meta's challenge to Vermont social media addiction lawsuit

The US Supreme Court has refused to hear Meta's appeal. This allows a lawsuit against Meta's Instagram to proceed. Vermont's attorney general claims the app is designed to be addictive for young users. This is part of a larger trend of lawsuits targeting social media companies. Meta faces increasing legal…

The Economic Times

FirstCry, Slice’s FY26 numbers; Nilekani’s Fundamentum eyes deeptech push

FirstCry parent cut its losses in the March quarter on tightened costs. This and more in today's ETtech Top 5.

The Economic Times

Meta CEO Mark Zuckerberg makes two promises after 8,000 layoffs, one on future job cuts

Meta CEO Mark Zuckerberg has assured employees that there will be no more company-wide layoffs this year following a major restructuring that affected around 8,000 workers. The announcement comes after widespread job cuts linked to Meta’s increased investment in artificial intelligence. Zuckerberg also acknowledged shortcomings in communication during the process,…

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