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The Latest Breaking News from The Economic Times

Forget rockets: Morgan Stanley sets $300 SpaceX target based on a secret AI weapon

Morgan Stanley has initiated coverage on SpaceX with an Overweight rating and a $300 target price, arguing its biggest opportunity lies beyond rockets. The brokerage believes SpaceX's vertically integrated AI infrastructure, combining terrestrial and orbital compute, could transform it into one of the world's most powerful AI infrastructure platforms.

The Economic Times

India's Semicon 2.0: Government expands incentives for semiconductor ecosystem beyond fabrication

India is finalizing Semicon 2.0, expanding incentives beyond chip fabrication. This new phase will support the entire semiconductor value chain. It will also strengthen incentives for chip design startups and material suppliers. Building a domestic supply chain is central to India's semiconductor strategy. This initiative aims to reduce import dependence…

The Economic Times

'Honor your signature': Iran's Araghchi refuses final US deal talks if 'threats continue'

Iran's Foreign Minister Seyed Abbas Araghchi rejected US talks, citing threats. He urged the US to honor a signed Memorandum of Understanding. Donald Trump warned of a deal or "finishing the job" against Iran. Araghchi highlighted national unity and armed forces' resolve against intimidation. Iran condemned US statements, deeming negotiations…

The Economic Times

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How France's Le Pen ended up fighting in court to save her presidential hopes

Marine Le Pen faces a court decision on her appeal regarding EU fund misuse charges. A Paris court previously banned her from elected office for five years. This ruling could determine her eligibility for the 2027 presidential election. Her defense argued against the charges and the existence of a scheme.…

The Economic Times

Global Market: Japan's Nikkei falls 2% as Samsung slump sparks chipmaker selloff

Japan's Nikkei share average closed two percent lower on Tuesday. Semiconductor heavyweights fell significantly after South Korea's Samsung Electronics tumbled. The broader Topix index also ended lower while value stocks saw buying interest. Investors booked profits in AI stocks and purchased undervalued companies. Japanese banking shares and Toyota Motor experienced…

The Economic Times

NATO set to unveil billions in arms deals to prove its firepower to Trump

NATO will reveal billions in new military projects at a summit in Turkey. These initiatives aim to demonstrate increased defense spending and capabilities to the United States. Allies are presenting new contracts for crucial military equipment and modernization efforts. The alliance seeks to reassure the US about European commitment to…

The Economic Times

Lauren Bennett's cause of death remains undisclosed after ‘Party Rock Anthem’ singer dies at 37; who was she? Family, career, net worth and legacy of the G.R.L. star

Lauren Bennett's death news: Singer-songwriter Lauren Bennett has passed away at age thirty-seven. Her family and representatives have confirmed her death, but the cause remains undisclosed. Bennett was widely recognized for her vocals on the global hit Party Rock Anthem. She also gained fame as a member of the girl…

The Economic Times

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All valuable articles donated to Ram temple safe; over 30 kg gold-like items in possession of Trust: Treasurer

The Shri Ram Janmabhoomi Teerth Kshetra Trust detailed its extensive gold and silver holdings. These valuables were donated by devotees since the temple's consecration ceremony. The Trust stated all 2,926 donated articles are safe and properly recorded. An independent firm conducts annual physical verification of all temple offerings. The Trust…

The Economic Times

NCERT's new Class 9 textbook describes judiciary as 'independent', after Class 8 chapter was withdrawn

Months after the National Council of Educational Research and Training (NCERT) withdrew its Class 8 Social Science textbook following objections over a chapter on judicial corruption, the council's newly introduced Class 9 Political Science textbook presents the judiciary as an "impartial and independent institution" that safeguards citizens' rights and upholds…

The Economic Times

SC to hear plea against Asian Games dressage team selection

The Supreme Court will hear a plea on July 9 regarding the dressage team selection. This plea challenges the Delhi High Court's refusal to intervene in the riders' non-selection. The High Court had previously denied relief to the gold medal-winning riders Anush Agarwalla and Sudipti Hajela. Logistical challenges prevented a…

The Economic Times

Nothing Phone 4b launch today in India: Expected price, specification, and features

Nothing Phone 4b Price: in India Nothing is launching the Phone 4b and Ear 3a earbuds in India today. The Phone 4b will be one of Nothing's most affordable smartphones this year. It is expected to feature a Snapdragon processor and a 120Hz AMOLED display. The device will retain Nothing's…

The Economic Times

Global Market: Japanese bond yields retreat after strong demand at 30-year debt auction

Japanese government bond yields fell Tuesday after a successful auction of long-term debt. The benchmark ten-year yield retreated from multi-decade highs, easing investor concerns. Longer-dated bonds saw steeper declines following robust demand for securities. This auction offered relief after recent yield increases driven by inflation worries. Market participants continue monitoring…

The Economic Times

Yash Thakur's India call-up caps years of perseverance and fulfils late father's dream

Vidarbha fast bowler Yash Thakur received his maiden India call-up for the Zimbabwe tour. This selection fulfills a cherished dream of his late father, Ravisingh Thakur. Thakur's journey involved nearly a decade of domestic cricket and IPL experience. He overcame personal loss and setbacks with his family's support. The IPL…

The Economic Times

Borrowers take note: HDFC Bank revises lending rates for different tenures; check updated list

HDFC Bank has adjusted its MCLR rates, with changes effective July seventh, 2026. The overnight MCLR decreased by five basis points, while longer tenors saw increases. One-year and three-year MCLRs rose by five basis points each.

The Economic Times

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The Economic Times

Jammu and Kashmir floods: Several houses, shops buried under debris after heavy rainfall triggers landslide in upper reaches of Doda

Multiple vehicles were upturned with as stones covered the cars and mud made them look as if they were sunk to the ground. Currently there has been no reported casualties in the landslide.

The Economic Times

Cricket takes root in football-crazy US with Major League Cricket

Currently, the Major League Cricket is in full swing, highlighting the skills of international and diaspora athletes. As cricket prepares to make its Olympic debut in Los Angeles in 2028, the sport's visibility will significantly increase. Plans for new cricket stadiums and league expansions are underway, but issues around infrastructure…

The Economic Times

Wayanad landslide: 2 dead, 7 missing after rubble collapses at Kerala tunnel project site

A severe landslide hit Kalladi near Meppady on Tuesday, alarming authorities with concerns that several individuals could be trapped beneath the debris from a tunnel road construction site. Quick action from local residents led to the rescue of three individuals, prompting ongoing search efforts. Rescue teams from Fire and Rescue…

The Economic Times

FDA issues modified risk orders for 20 ZYN nicotine pouch products

The FDA has authorized Philip Morris International's ZYN nicotine pouches for reduced-risk marketing. This marks the first such approval for a nicotine pouch product in the United States. The regulator concluded ZYN could significantly reduce harm compared to cigarette smoking. This decision allows adult nicotine users access to science-based health…

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The Economic Times

Scorching summer puts ACs in the driver's seat for Q1 consumer durables sales: Report

The consumer durable sector anticipates a robust first quarter in fiscal year 2026-2027. Strong summer demand and a favorable base are expected to drive significant sales growth. Room air conditioners are projected to lead this expansion with substantial value increases. Washing machines and televisions will also see healthy growth supported…

The Economic Times

TVK MLA claims Rs 30 crore offer to join DMK, alleges death threats

In a shocking revelation, a TVK MLA has alleged that he was presented with bribes amounting to thirty to one hundred crore rupees to defect to another political party. Following his refusal, he reports receiving threatening messages and harassment. The legislator believes he has solid evidence supporting his claims of…

The Economic Times

Gujarat High Court upholds death penalty for 38 convicts in 2008 Ahmedabad serial blasts case

The Gujarat High Court upheld a special court's 2022 verdict sentencing 38 convicts to death. Eleven other individuals received life imprisonment sentences in the same case. These convictions relate to the devastating 2008 Ahmedabad serial blasts which claimed 56 lives. The division bench dismissed all appeals filed against the special…

The Economic Times

Did this Ashish Kacholia-backed multibagger stock really crash 81% in one day? Here’s how the bonus math works

V Marc India shares adjusted for a 5:1 bonus issue on Tuesday. The stock appeared to drop significantly due to this adjustment. In reality, the share price saw a notable increase after accounting for the bonus shares. This bonus issue marks the company's first distribution of free shares. Ace investor…

The Economic Times

The likely loser in Gulf's post-war race for oil market share

United Arab Emirates is leading oil producers in a fierce market share battle. Saudi Arabia and other Gulf nations are increasing exports significantly. Exporters are offering steep discounts to attract buyers for their surplus crude. This aggressive push has weakened oil prices and challenged OPEC's authority.

The Economic Times

The likely loser in Gulf's post-war race for oil market share

The Economic Times

‘How can court regulate CM's visit?’ : Supreme Court asks DMK as it dismisses plea against Vijay's Karur stampede victims visit

The Supreme Court has expressed skepticism about the DMK's appeal to impose restrictions on the Chief Minister's engagements. This request emerged from concerns that public statements could skew the CBI investigation into the September 2025 Karur stampede, which resulted in 41 fatalities. Senior counsel contended that the narrative being shaped…

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