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The Latest Breaking News from The Economic Times

JLR sets out path to double-digit revenue growth through greater propulsion flexibility, North America push

Jaguar Land Rover is launching a new growth plan. The company will offer more engine choices, including electric and hybrid options, for its Range Rover, Defender, and Discovery brands. Jaguar will become fully electric. This strategy aims for significant revenue growth and focuses on expanding in North America. Five new…

The Economic Times

Brembo, Ningbo SAFE form India joint venture for motorcycle ABS systems

Italian brake maker Brembo and Ningbo SAFE Brakes Systems are joining forces in India. They will establish a joint venture to produce motorcycle anti-lock braking systems. This move supports India's upcoming stricter safety regulations for two-wheelers. The new company, BRSF Active Safety Solutions, will operate under Brembo's BYBRE brand. Production…

The Economic Times

Trump vows to reimpose US sanctions on Russian crude 'soon' as truce with Iran takes shape

President Trump announced that the US will soon reimpose sanctions on Russian oil, citing eased global supply concerns due to resumed flows through the Strait of Hormuz after a deal with Iran. This shift in focus allows Washington to concentrate more on the Ukraine war, as G7 leaders discuss further…

The Economic Times

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Techie says firm fired 90% of staff, plans to hire back as developers are 'dime a dozen' in Bangalore

A Bengaluru software architect reported his company laid off 90% of its tech staff, attributing the cuts to AI adoption and reduced customer demand for new features. Management believes they can rehire developers if the AI strategy fails, citing an oversupply of talent in the city. The remaining three architects…

The Economic Times

PM Kisan 23rd instalment 2026 payment date announced; Check eligibility, beneficiary status and eKYC details

PM Kisan 23rd installment 2026: Farmers across the country are eagerly awaiting the PM Kisan Scheme date 2026 and looking for updates on the next payout under the PM Kisan Scheme.

The Economic Times

UK PM Starmer calls Channel incident involving Russian warship 'reckless'

A Russian warship fired warning shots near a British yacht in the English Channel. British Prime Minister Keir Starmer described the incident as reckless and deeply concerning. The Russian defence ministry stated the shots were fired after failing to contact the yacht. Britain's defence ministry called it an isolated event.

The Economic Times

IEA sees gradual Hormuz recovery tipping into significant 2027 surplus

The global oil market is set for a gradual recovery. The Strait of Hormuz will reopen following a US-Iran agreement. This ends a major oil supply disruption. The International Energy Agency predicts a significant oil surplus by 2027. Millions of barrels of Middle East oil output will return to the…

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India's steel capacity utilisation to stay above 90% on strong demand: Kotak

India's steel sector is booming, with demand showing impressive growth and factories running at high capacity. While steel prices have dipped a bit, hot-rolled coil prices are holding steady. This stability is expected to persist, leading to better profit margins for companies. The industry is optimistic about continued strong demand…

The Economic Times

IDBI Bank share price rockets 19%. What’s triggering the massive surge?

IDBI Bank shares rose sharply on Wednesday, extending a four-session rally amid heavy trading volumes and renewed optimism around the lender’s long-delayed privatisation process. Reports that the government is exploring ways to revive stake-sale discussions, coupled with improving asset quality and strong net interest income growth, boosted investor sentiment.

The Economic Times

Portugal will pay workers thousands of euros to relocate to its countryside. Here's who can apply

Portugal is inviting people to its interior regions with financial aid. Workers, entrepreneurs, and remote professionals can receive up to €5,317 to relocate. This initiative aims to boost development in less populated areas. The program, Emprego Interior MAIS, supports individuals moving for new jobs, existing jobs, or to start businesses.…

The Economic Times

IND vs AFG Live Streaming: When and where to watch 2nd ODI in Lucknow as India look to continue winning run

India vs Afghanistan Playing 11: India aims to extend their winning streak against Afghanistan in the second ODI in Lucknow on June 17, following a seven-wicket victory in the rain-affected first match. The pitch at Ekana Stadium is expected to favor spinners, with hot and humid conditions predicted for the…

The Economic Times

India delivers 5 tonnes of medical aid to Afghanistan under humanitarian assistance

The Ministry of External Affairs (MEA) on June 11 reiterated India's commitment to strengthening Afghanistan's healthcare system, announcing the gifting of medical equipment for diagnosis, treatment, and specialised care to Afghan health authorities.

The Economic Times

UP minister Om Prakash Rajbhar claims major split in Samajwadi Party

Om Prakash Rajbhar, an ally of the BJP, has claimed a significant split is imminent within the Samajwadi Party. He alleges that several Samajwadi Party leaders are preparing to join the BJP. Rajbhar also stated that Samajwadi Party leader Ram Gopal Yadav has submitted a letter to Union Home Minister…

The Economic Times

RJD holds protests against Bihar govt's 'failed' policies, 'rising' crimes, inflation, unemployment

RJD workers demonstrated across Bihar on Wednesday. They protested against the NDA government's policies. Issues like deteriorating law and order, rising unemployment, and inflation were highlighted. Party activists demanded the Chief Minister's resignation. They also accused the government of corruption and alleged crimes against women were increasing.

The Economic Times

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Shiv Sena (UBT) MPs Sanjay Raut, Anil Desai & Arvind Sawant meet Om Birla amid defection buzz, submit letter

Amid fears of a fresh split, three Shiv Sena (UBT) Lok Sabha MPs met the Speaker, submitting a letter to preempt any claims by rebel MPs. This move follows allegations by Sanjay Raut that MPs are being lured with substantial sums to switch parties, fueling speculation about a potential breakaway…

The Economic Times

Telegram stops working for existing users in India but operational on VPN

Telegram access is temporarily blocked in India for existing users. This action aims to prevent paper leaks for the upcoming NEET-UG 2026 re-examination. The app has been removed from app stores. However, Telegram continues to function using VPNs. This move affects millions of users in India. The government seeks to…

The Economic Times

DS Group to hike investment in hospitality segment to Rs 1,500 cr: Vice-Chairman Rajiv Kumar

DS Group is boosting its hospitality investment to Rs 1,500 crore. The conglomerate plans to double its room count ahead of its 2029 target. New projects include a W Hotels property in Delhi. DS Group is also exploring acquisitions and expansion in Northeast India. This move reflects significant growth potential…

The Economic Times

Companies need flexibility, choice as AI becomes a geopolitical issue

India is one of the fastest growing markets for Databricks, and last year the firm announced a $250 million investment in India to ramp up research and development capabilities and expand the India market.

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The Economic Times

Divorced wife retains right to recover maintenance after ex-husband's death, loses claim for higher payment

Bombay High Court has ruled that a divorced wife can continue to recover maintenance already awarded to her, including arrears, from her late husband's estate. However, she cannot seek an increase in the maintenance amount after his death. The court said enhancement of maintenance would require fresh adjudication, which is…

The Economic Times

'Reason why MPs don't want to be with them': Maharashtra Minister Shirsat slams Sanjay Raut's abusive remarks

Maharashtra Minister Sanjay Shirsat on Wednesday slammed Shiv Sena (UBT) MP Sanjay Raut over his recent use of abusive language toward party MPs suspected of switching sides, calling the conduct "insulting" and "not right."

The Economic Times

Are the EU and China heading for a trade war?

Europe's trade gap with China is widening. This is leading to protective measures on items like electric vehicles and e-commerce. Leaders are meeting to discuss the growing trade conflict. Beijing wants dialogue but warns of retaliation. The risk of a trade war is real, though both sides have reasons to…

The Economic Times

Kavitha rules out reconciliation with father KCR

TRS president K Kavitha declared her association with BRS was over and has vowed to build a new future with her party, Telangana Rakshana Sena. She cited "bitter experiences" and a lack of internal democracy within BRS as reasons for her departure, emphasizing a focus on regional issues and social…

The Economic Times

The Chainsmokers India Tour 2026 Dates: Check schedule, ticket booking details and prices

The Chainsmokers India Tour 2026 Tickets Price: Grammy-winning duo The Chainsmokers will perform in India this December. The tour includes Mumbai on December 18, Delhi on December 19, and Bengaluru on December 20. This marks a significant live entertainment event for fans. Their hit song 'Closer' anniversary is also being…

The Economic Times

Vaibhav Sooryavanshi's on-field outburst underlines importance of situation management training

Young Indian cricketer Vaibhav Sooryavanshi requires mental conditioning to manage sledging. Experts suggest this training will help him maintain composure during matches. The focus is on developing situational intelligence to bridge the gap between talent and performance. This proactive approach aims to prepare emerging players for the challenges of senior…

The Economic Times

Peak XV, Nexus set for 7-9x returns from Turtlemint IPO share sale

Turtlemint has set a price band of Rs 144-152 per share for its Rs 883 crore IPO, which opens on June 19. The IPO comprises a fresh issue of Rs 660.72 crore and an offer for sale of Rs 221.94 crore at the upper band. At the upper end, the…

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