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The Latest Breaking News from The Economic Times

Market Wrap: Sensex falls 479 points, Nifty below 23,950 as bank stocks falter; small, midcaps shine

Indian benchmark indices Sensex and Nifty closed significantly lower on Tuesday, impacted by a downturn in banking, oil and gas, and pharma stocks. Investor sentiment shifted following U.S. strikes in southern Iran, reigniting Middle East conflict concerns. Broader markets, however, showed resilience, with midcap and smallcap indices posting gains.

The Economic Times

China is using a bacteria to turn desert into fertile soil in just 10 months

A groundbreaking technique from China transforms barren desert sand into fertile soil in just 10 months. Researchers use resilient cyanobacteria to create living 'biological soil crusts' that bind sand, retain moisture, and boost nutrient levels, paving the way for vegetation growth. This cost-effective and sustainable method offers a powerful new…

The Economic Times

Euphoria Season 3: How many episodes are left and when is the season finale? Here’s what fans can expect from HBO’s darkest chapter yet

Despite the long wait between seasons, Euphoria continues to dominate online conversation. Season 3 reportedly drew 8.5 million viewers across HBO and Max within its first three days, marking a noticeable jump from the premiere numbers for Season 2.

The Economic Times

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This Gujarat couple turns factory waste into affordable construction bricks that stay cooler in summer and absorb pollution

In Gujarat, a startup named Co2ncrete is tackling India's housing shortage and industrial waste by building prefabricated homes from factory byproducts like fly ash and silica sludge. This innovative, cement-free technology allows families to get homes built in about a month, significantly reducing costs and environmental damage.

The Economic Times

L&T wins orders from JSW Utkal Steel, IWAI, others

Larsen & Toubro has won several new contracts in India. These include piling work for JSW Utkal Steel in Paradeep, Odisha. L&T GeoStructure will also build ship repair facilities in Patna and Varanasi for the Inland Waterways Authority of India. Additionally, a yacht marina project at Mumbai Harbour has been…

The Economic Times

Incuspaze hires Amit Ghoshal as new enterprise chief for ₹1,000 crore revenue push

Flexible workspace provider Incuspaze has appointed Amit Ghoshal as managing director for its enterprise business to drive growth and revenue expansion. This strategic move supports the company's ambition to reach ₹1,000 crore in revenue by FY29 and prepare for a planned IPO.

The Economic Times

China-Pakistan agree to 'unswervingly safeguard' bilateral ties

Pakistan and China have pledged to strengthen their relationship and build a shared future. Prime Minister Shehbaz Sharif's visit to China resulted in new cooperation agreements. Both nations reaffirmed their commitment to the All-Weather Strategic Cooperative Partnership. They will advance the China-Pakistan Economic Corridor and enhance security cooperation.

The Economic Times

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Phoenix Asia Towers reflects the next phase of Bengaluru’s GCC growth story

Bengaluru's office market is shifting north. Global capability centres now seek integrated workplaces with better connectivity and employee experience. North Bengaluru offers this with new infrastructure and large-scale developments. Phoenix Asia Towers exemplifies this trend, providing a mixed-use environment with retail and lifestyle amenities. This development caters to evolving enterprise…

The Economic Times

IFB Industries Q4 results: Net profit rises two fold to Rs 42.67 crore

IFB Industries has announced a significant profit increase for the March quarter of FY26. Net profit doubled to Rs 42.67 crore. Revenue from operations also saw a healthy rise of 12.33 percent. The company's home appliances and engineering segments performed well. For the full fiscal year FY26, net profit grew…

The Economic Times

Union Bank's board clears plans to raise up to Rs 8,000 crore via equity and debt

In a BSE filing, Union Bank said the board has approved raising of debt capital through Basel III-compliant additional Tier 1 bonds and/or Tier 2 not exceeding Rs 5,000 crore.

The Economic Times

Onion farmers stage protest against government's procurement prices in Nashik, block Mumbai - Agra National highway

Onion farmers protested on the Mumbai-Agra National Highway in Nashik demanding higher prices for their produce. Opposition leaders including the likes of Congress state president Harshvardhan Sapkal led the demonstration. Farmers distributed Melody toffees during the protest and called for a higher Minimum Support Price and an inquiry into procurement…

The Economic Times

“Our joy had to travel beyond our home”: Maharashtra groom gifts Rs 34.6 crore insurance cover to over 3,000 villagers

A wedding in Maharashtra's Bahadarpura village took an extraordinary turn when the groom's family gifted accident insurance worth Rs 34.6 crore to all 3,465 residents. Inspired by the financial devastation caused by common rural accidents, the Pethkar family ensured every eligible villager received Rs 1 lakh coverage for a year,…

The Economic Times

UBS sets $5,600 target for gold in 2026, but says the easy money may already have been made

Gold's strong performance continues. UBS sees a structural shift driving gold as a core portfolio asset. This trend is expected to persist despite current market challenges. Investors are advised to be patient for the next upward move. Silver may outperform gold. The gold bull run is in its later stages…

The Economic Times

Which city is called as the Mango capital of the world?

Mango capital of the world: Just 25 km from Lucknow lies Malihabad, a small town that has become globally famous for its legendary mango orchards and the iconic Dussehri mango. With centuries-old cultivation history, a 200-year-old “mother tree,” and varieties loved across India and beyond, Malihabad has earned its reputation…

The Economic Times

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The Economic Times

RBI's $5 billion FX swap subscribed nearly twice over

The swap comes at a time when the central bank continues to defend a rapidly weakening rupee by selling dollars from forex reserves. Such a move can remove rupee liquidity from the country's banking system and can push up ⁠interest rates.

The Economic Times

The enigmatic Riyan Parag tides over trolls, injury, patchy form to justify RR's captaincy choice

Riyan Parag has led Rajasthan Royals to an IPL playoff berth. Despite past criticism and recent challenges, his batting and captaincy have been crucial. He overcame a slow start and injury to guide the team. Parag's journey highlights resilience and belief from the franchise management. He aims to take the…

The Economic Times

ET Alpha Wealth Summit: Future-proofing portfolios for the next decade

India's leading investment minds will converge at the ET Alpha Wealth Summit in Mumbai on June 4 to address market uncertainty and identify future alpha sources. Seasoned investors like S Naren and Radhika Gupta will share insights on navigating evolving markets, portfolio evolution, and emerging opportunities in India's growth story.

The Economic Times

Coal India dismisses shortage fears; says 168 MT buffer available to meet rising demand

Coal India has built a substantial buffer of 168 million tonnes to meet rising summer power demand. Stocks at power plants and mine heads are robust, ensuring adequate supply for domestic coal-based plants. This proactive measure addresses concerns about potential shortages. India's peak power demand has reached new highs due…

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The Economic Times

What is Retirement Income Scheme in NPS; how do SPR and SUR work?

Under National Pension System's (NPS) Retirement Income Schemes (RIS), subscribers can choose periodic payouts till age 85 via Systematic Payout Rate or Systematic Unit Redemption. The scheme aims to balance regular income, market-linked returns, and corpus longevity through a structured glide path.

The Economic Times

In 1920, a husband’s homemade fix for his wife’s finger cuts led to the adhesive strip revolution in everyday medicine that changed how people treat cuts and scrapes

Earle Dickson's home-grown invention, the Band-Aid, revolutionized minor wound care. Frustrated by gauze slipping and bandages failing, he combined tape and gauze for a simple, effective solution. This standardized, ready-to-use strip addressed the practical challenges of hand injuries, making first aid accessible and convenient for everyone, a true testament to…

The Economic Times

Hexagon Nutrition IPO opens June 5: Price band fixed at Rs 42-45; check key details here

Hexagon Nutrition Limited is launching its Initial Public Offering on June 5, 2026. The company plans to raise Rs 138.87 crore through an Offer for Sale. Investors can subscribe to shares priced between Rs 42 and Rs 45. The issue closes on June 9, 2026. Hexagon Nutrition is a prominent…

The Economic Times

BSF boosted morale of people living in frontier districts during Operation Sindoor: Union Home Minister Amit Shah

Union Home Minister Amit Shah lauded the Border Security Force's performance during Operation Sindoor. He paid tribute to fallen personnel and inaugurated women's barracks. Shah emphasized the need for improved border infrastructure, including roads and fencing. He also stressed vigilance against infiltration and the importance of coordination with state police.…

The Economic Times

Is Quad the Asian NATO or ocean foam? What Delhi meet reveals

Quad foreign ministers met in Delhi focusing on practical cooperation. New initiatives target critical minerals, maritime surveillance, and energy security. The grouping is shifting towards economic and technological coordination. This pragmatic approach aims for resilience rather than deterrence. The Quad's future hinges on US strategic consistency and its ability to…

The Economic Times

Do I need to convert my leasehold DDA flat to freehold to sell it?

ET Wealth Reader's Query: I have a DDA flat since 2008, which is leasehold. I now want to sell it. Is it mandatory to convert it to freehold? Do I need the signature of the original allottee?

The Economic Times

Can aluminum foil really boost your WiFi signal, and what do experts actually say

While a viral social media hack suggests aluminum foil can boost Wi-Fi, real science shows precise shaping is key. Dartmouth researchers developed 3D-printed reflectors to significantly improve signal strength by redirecting waves, unlike crude DIY versions. This method focuses existing signals, not increasing router power, and requires careful placement to…

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