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The Latest Breaking News from The Economic Times

IAF launches project to produce indigenous long-range kamikaze drones

The Indian Air Force is developing long-range kamikaze drones with Indian companies. This initiative aims to strengthen preparedness for future drone warfare. The project focuses on indigenous design, development, and manufacturing. The drones will operate at high altitudes and in all conditions. This move promotes self-reliance in defence production. The…

The Economic Times

India’s defence output more than doubles in five years, hits record Rs 1.78 lakh crore

India's defence production has hit a record Rs 1.78 lakh crore in the financial year 2025-26. This marks a significant 15.6 percent jump from the previous year. Indigenous manufacturing and private sector involvement are driving this growth. Defence exports also reached an all-time high, showcasing India's increasing self-reliance in defence.

The Economic Times

HDFC Bank prices $750 mln bond in largest offshore deal by lenders since 2023, say bankers

HDFC Bank has successfully raised $750 million through dollar bonds. This move capitalizes on the Reserve Bank of India's subsidized hedging facility for overseas borrowings. The deal marks the largest by an Indian lender since May 2023. Other banks are also planning similar overseas debt sales. Proceeds will support international…

The Economic Times

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B-52 was in the air a very short time before crashing and killing all 8 on board

A B-52 bomber crashed at Edwards Air Force Base during a test flight. All eight people on board perished. The aircraft was part of a program to modernize the oldest planes in the U.S. fleet. The cause of the crash is under investigation. The airfield remained closed as crews secured…

The Economic Times

Brigade Enterprises shares rally 10% after bonus issue. Here's why you can ignore the 22% plunge

Brigade Enterprises shares appeared to plunge 22% on Wednesday after adjusting for its 1:3 bonus issue, but the decline was purely technical and did not erode shareholder value. After opening at the adjusted price of Rs 559.70 against the previous close of Rs 720.25, the stock rallied about 10% to…

The Economic Times

Russian President Vladimir Putin hosts ASEAN leaders amid G7 pressure on Ukraine war

President Vladimir Putin hosts a summit of Southeast Asian leaders in the central Russian city of Kazan from Wednesday, as the West pressures Moscow to end its Ukraine offensive. Representatives of 11 countries in the Association of Southeast Asian Nations will arrive in Kazan on Wednesday, with the main day…

The Economic Times

Quote of the day by Batman actor Christian Bale: 'The only thing that I'm obsessed with is sleeping'

Christian Bale's humorous confession about his love for sleep, even admitting to wanting 12 hours daily, offers a relatable human touch. Beyond the jest, his words underscore sleep's crucial role in physical and mental health, a vital necessity often overlooked in our fast-paced world. This reminder is particularly poignant given…

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AI boom hands HFCL investors nearly 200% returns in just 6 months. Overheated or undervalued?

HFCL shares have surged nearly 200% in six months, driven by the AI boom and India's expanding data centre industry. The company, a key optical fibre cable manufacturer, has seen significant revenue and profit growth. Strong order books and diversification into defence and aerospace further bolster its prospects.

The Economic Times

Interim US-Iran deal leaves the thorniest issue still to be negotiated: Tehran's nuclear program

America and Iran have reached a two-month interim agreement concerning Tehran's nuclear program. This deal aims to reopen oil shipments and provide financial incentives to Iran. However, many lawmakers and advocates express doubt about its workability and the short timeline for nuclear talks. The previous nuclear pact took much longer…

The Economic Times

Snap CEO Evan Spiegel defends Specs as long-term bet, pushes back against activist pressure

Snap CEO Evan Spiegel is pushing back on investor calls to cut its augmented-reality glasses unit. The company launched its new AR glasses, called Specs, at $2,195. Spiegel stated Snap is committed to its long-term vision and independence. He indicated more details on partnerships will be shared later this year.…

The Economic Times

DTU cutoff 2026: Check expected cutoff for CSE, IT, ECE, Round 1 ranks release date update, and how to check allotment chances

JAC Delhi is releasing the Round 1 cutoff for Delhi Technological University soon, crucial for 2026 admissions. Candidates will see opening and closing ranks for various courses. After seat allotment, students must choose to 'Freeze' their seat or 'Float' for potential upgrades in subsequent rounds. Understanding past trends aids this…

The Economic Times

Beyond the hype: 5 under-the-radar stocks common across India's 3 largest smallcap portfolios

India's top three smallcap mutual funds, managing over Rs 1.5 lakh crore, show strong consensus by holding five under-the-radar stocks across their portfolios. These include Kalpataru Projects International, KIMS, City Union Bank, PVR Inox, and Carborundum Universal, collectively representing 5.34% of their combined assets.

The Economic Times

UP CM Yogi Adityanath announces 50 per cent bus fare concession for NEET aspirants, issues Muharram, Yoga day directives

Uttar Pradesh CM Yogi Adityanath announced a 50% bus fare concession for NEET-UG 2026 re-examination aspirants. He also issued directives for solemn Muharram observances, emphasizing discipline and no display of weapons or loud DJs. Preparations for International Yoga Day, focusing on "Yoga for Healthy Ageing," were also reviewed, with events…

The Economic Times

US renames 'Indo-Pacific Command' to 'US Pacific Command' title in major move

The United States has reverted the name of its military command. It is now called the US Pacific Command, undoing a change made in 2018. This decision honours the command's long history dating back to 1947. The vast area of responsibility remains unchanged. The mission to ensure a free and…

The Economic Times

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The Economic Times

Lionel Messi Net Worth: How the Argentina legend amassed his fortune as he reaches 200 international appearances

Lionel Messi achieved his 200th international appearance for Argentina, joining Cristiano Ronaldo and Bader Al-Mutawa as one of football's most-capped players. His legendary career, marked by numerous accolades and a FIFA World Cup triumph, has also propelled him to billionaire status with significant earnings from contracts, endorsements, and diverse business…

The Economic Times

Best balanced advantage funds or dynamic asset allocation funds to invest in June 2026

Balanced advantage funds are recommended for new investors due to their dynamic portfolio management, adjusting equity exposure based on market conditions. While not entirely risk-free, these funds aim to mitigate volatility. Investors should ensure schemes actively rebalance their portfolios and have a minimum five-year investment horizon.

The Economic Times

UGC NET Admit Card 2026 OUT Download Link at ugcnet.nta.nic.in: Check steps to download, direct link, exam schedule & guidelines

UGC NET Admit Card 2026 OUT at ugcnet.nta.nic.in: The National Testing Agency (NTA) has released the UGC NET June 2026 admit cards on its official website, ugcnet.nta.nic.in. Candidates can now download their hall tickets online using their login credentials. The examination will be conducted in two shifts daily, and candidates…

The Economic Times

Coforge shares jump over 2% as firm eyes $5 billion revenue by FY30. Why Nomura, others see up to 50% upside?

Coforge shares saw a rise after the company projected $5 billion in revenue by FY30. This ambitious target is fueled by strong organic growth and the strategic integration of artificial intelligence. Analysts are optimistic, with several maintaining Buy ratings and setting higher price targets.

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The Economic Times

Sensex rises 347 points, Nifty closes near 24,100 as oil prices drop below $80. What lies ahead?

Indian stock markets extended gains for the fourth consecutive session, with Sensex and Nifty rising over 0.4% each. This surge was driven by a framework for an Iran-US deal and a significant drop in oil prices below $80 per barrel. Analysts anticipate continued market resilience, supported by tapering FII outflows…

The Economic Times

GIC shares dip 4% as Rs 3,088 crore OFS opens for retail investors. Should you participate?

General Insurance Corporation of India shares saw a dip as the government initiated an Offer for Sale. Retail investors can now bid for a stake in the insurer. The offer has already attracted strong demand from institutional investors. Market analysts suggest caution for retail investors due to profitability concerns and…

The Economic Times

No nuclear weapon, conditional relief & open Hormuz: Vance outlines 3 pillars of Iran peace framework

US Vice President JD Vance described that the peace agreement between Washington and Tehran stands centred on three key pillars-- preventing Iran from acquiring a nuclear weapon, ensuring the Strait of Hormuz remains open and offering economic incentives to Iran if the country "transforms" itself.

The Economic Times

'Don't feel like a developer anymore after AI': Techie says coding isn't fun now, Reddit users share fears of becoming 'lazy'

A software developer's candid post sparked a debate on Reddit about AI's impact on programming jobs. Developers express concerns about losing enjoyment and independent thinking skills due to AI tools. While some adapt by focusing on earning, others suggest strategies to maintain coding proficiency and treat AI as a learning…

The Economic Times

Decision-Day Guide: Warsh faces first big test as Fed Chair

Former Fed governor Kevin Warsh, if elevated to Federal Reserve Chair, faces his first major test amid heightened market sensitivity to US monetary policy direction. Investors are closely watching his stance on interest rates, inflation control, and growth balance. His decisions could shape global liquidity trends, bond yields, and equity…

The Economic Times

$2.75 trillion mcap SpaceX rockets past Amazon with 66% stock surge in 3 days

SpaceX's market valuation surged past Amazon and briefly exceeded Microsoft's on Tuesday, driven by intense trading in its newly listed option contracts. The company's shares jumped significantly above its IPO price, reflecting investor confidence in its diverse business ventures. This rapid ascent places SpaceX among the world's most valuable companies.

The Economic Times

The 30% smallcap tilt: How Abakkus Flexi Cap Fund is positioning for the next rally

Abakkus Mutual Fund is strategically allocating 30% to smallcaps within its Flexi Cap Fund, identifying mispriced opportunities despite stretched midcap valuations. This approach aims to capture high-conviction, beaten-down smallcap stocks poised for India's next growth phase, bypassing market fears.

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