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The Latest Breaking News from The Economic Times

Wipro's Rs 15,000 crore buyback closes today: Should retail investors participate? Analysts weigh in

Wipro's Rs 15,000-crore share buyback closes on June 17, with the company set to repurchase up to 60 crore shares at Rs 250 apiece, representing 5.7% of its paid-up equity capital. Only shareholders who held Wipro shares on the June 5 record date are eligible to participate.

The Economic Times

"Transporting papers via army ships, shutting down Telegram, will these steps stop paper leaks?" : Kejriwal

India's government has temporarily restricted Telegram access until June 22, 2026, to prevent exam paper leaks. Aam Aadmi Party leader Arvind Kejriwal calls the move absurd, questioning its effectiveness. Telegram CEO Pavel Durov states the ban punishes millions of users without stopping leaks, which have shifted to other apps. The…

The Economic Times

Semifinal spot assured, India look to continue winning run against Uruguay in FIH Nations Cup

Already qualified for the semifinals, the Indian women's hockey team aims to finish the pool stage undefeated against Uruguay. India seeks to regain their Pro League spot by winning the FIH Nations Cup, with coach Marijne looking for improved field goal performance and defensive solidity ahead of major tournaments.

The Economic Times

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Lower crude may not mean cheaper fuel immediately: NIPFP economist

Global crude oil prices may fall after Middle East peace efforts. However, fuel prices in India might not decrease immediately. Oil companies face pressure, and lower crude prices could offer them relief. A peace deal would benefit India's economy and potentially strengthen the rupee. India's long-term growth remains strong, driven…

The Economic Times

UP Police recruitment conducted with transparency under BJP govt: CM Yogi Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath highlighted the transparent recruitment process for police personnel. He distributed appointment letters to 930 computer operators. Adityanath mentioned that nearly 35,000 constable posts and 41,000 home guard posts have seen recruitment. He asserted that over 2.15 lakh police personnel have been recruited in the…

The Economic Times

How Brexit is estimated to have hit the UK economy

Britain's economy shows weak growth since leaving the European Union. Various researchers estimate significant losses in GDP, productivity, and investment. These impacts stem from increased business uncertainty and reduced trade. New trade deals are not expected to offset these effects. The long-term outlook points to a smaller economy compared to…

The Economic Times

Rupee touches six-week high on oil slump, RBI effect lingers

The Indian rupee strengthened to a six-week high, buoyed by falling Brent crude prices below $80 a barrel and supportive central bank measures. Recent steps to attract dollar inflows, including tax removal on bond investments, have seen significant overseas investor participation. The rupee is expected to continue its upward trend…

The Economic Times

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This jacket can turn air into drinking water, producing nearly 1 liter a day

A revolutionary jacket from the University of Texas at Austin can now generate drinking water from the air. This innovative wearable uses special fabric to capture moisture, converting it into clean water. The technology promises to be a game-changer for people in water-scarce regions, offering a portable solution for hikers,…

The Economic Times

Yes Bank shares rally 15% in 4 sessions. What are technicals suggesting for traders?

Yes Bank shares extended gains for a fourth straight session, rising as much as 6.5%. Technical indicators and improving sentiment supported momentum. Analysts highlighted a key resistance near Rs 26, aligned with long-term moving averages, while fundamentals strengthened through a partnership with Northern Arc Capital and improved quarterly earnings performance.

The Economic Times

His father sold chole-kulche on Jalandhar streets, now son gets a selection call from one of the world’s richest sports bodies

Arjun Rajput, son of Jalandhar street vendor Hoti Ram, has been selected for India's Under-19 squad. This achievement follows years of financial hardship and sacrifice by his family. Arjun's father sold chhole-kulche to fund his education and cricket training. Support from his coach and school also played a crucial role.…

The Economic Times

Indian Embassy in Oman confirms repatriation nationals killed in MT Settebello attack

Mortal remains of two Indian nationals killed in US strikes on vessel MT Settebello have been repatriated to India. India strongly protested the attacks, which killed three Indian mariners, calling them unjustified. Prime Minister Modi highlighted the impact of maritime trade disruptions and the loss of Indian lives.

The Economic Times

Vedanta Power shares rise 4%, snap 2-day losing streak since listing

Vedanta Power shares rebounded after two days of declines following their stock market debut post the Vedanta demerger. The company crossed its listing price amid investor interest and aims to become one of India’s top private thermal power players through expansion and operational growth.

The Economic Times

HCLTech bets big on sovereign AI with strategic investment in Sarvam AI

HCLTech strategically invested $1.5 billion in Indian AI startup Sarvam AI, acquiring a 10.5% stake. This partnership aims to address enterprise AI adoption barriers through hybrid models combining private and frontier AI, while also capitalizing on the growing sovereign AI market in India and globally.

The Economic Times

CarTrade Tech shares surge 12% in two days after launching new used-car platform

CarTrade Tech shares rallied after the company launched CarTrade Used Auto, a new platform targeting India’s fragmented used-car market. Integrating CarWale and OLX India, the initiative spans buying, selling, financing and ownership transfer, while leveraging AI tools and tapping into the sector’s long-term growth opportunity.

The Economic Times

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The Economic Times

UK inflation unexpectedly sticks at 13-month low before BoE rate decision

UK inflation remained steady at 2.8% in May, surprising economists and the Bank of England. This data influenced currency markets, with Sterling seeing a slight dip. Bond yields also fell. Experts now anticipate the Bank of England will likely hold interest rates steady at its upcoming meeting. This development offers…

The Economic Times

Shohei Ohtani's homer sends LA Dodgers to 1-0 win over Tampa Bay Rays

Shohei Ohtani's leadoff home run in the sixth inning secured a 1-0 victory for the Los Angeles Dodgers against the Tampa Bay Rays. Pitcher Justin Wrobleski delivered six scoreless innings, allowing only three hits. The Dodgers' bullpen closed out the shutout, marking their eleventh home win since May 13.

The Economic Times

Cyient shares crash 6% as stock turns ex-record date for Rs 720 crore share buyback. What's ahead?

Cyient shares fell sharply on Wednesday after the stock turned ex-record date for its Rs 720 crore share buyback at Rs 1,125 per share. Investors purchasing shares after the record date will not be eligible to participate. The company’s first buyback since 2019 comes amid mixed operational performance and cautious…

The Economic Times

Telegram moves Delhi HC against Centre’s ban ahead of NEET-UG re-test; court to hear plea today

Telegram has moved the Delhi High Court against the Centre's temporary ban. The government imposed the restriction ahead of the NEET-UG re-test scheduled for June 21. The court agreed to hear the petition today. This move aims to ensure the smooth conduct of the examination. The ban is a measure…

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The Economic Times

Shiv Sena (UBT) split row deepens as Sanjay Raut alleges Maharashtra MPs offered Rs 50 crore each to switch sides

Sanjay Raut alleges a Rs 50 crore "Minimum Support Price" for poaching MPs, with Rs 15 crore as an advance, amid speculation of a Shiv Sena (UBT) split. He challenges potential defectors to resign and seek a fresh mandate, questioning the health of democracy if elected representatives can be induced…

The Economic Times

Telegram moves Delhi HC against temporary ban

Social messaging app Telegram has moved Delhi High Court challenging the decision of central government to temporarily restrict the access to platform in India.

The Economic Times

Karnataka: HD Kumaraswamy slams DK Shivakumar over posters alleging land mafia links

Amidst swirling rumors regarding land ownership, Anitha Kumaraswamy took the opportunity to set the record straight, asserting that her 46-acre property was a result of forty years of hard work. On the other hand, HD Kumaraswamy seized the moment to challenge Shivakumar, accusing him of ethical lapses and misappropriating his…

The Economic Times

The problem with owning 13 mutual funds to reach Rs 4.67 crore goal

An investor's 13-mutual fund portfolio, aiming for Rs 4.67 crore, was deemed over-fragmented and style-overlapping. An expert advised consolidating to 6-7 high-conviction funds, reducing gold/silver allocation, and shifting towards growth-oriented equity strategies for better long-term wealth creation.

The Economic Times

Iran fires drones at commercial ships in Strait of Hormuz: Israeli Media

The firing took place after the signing of the US-Iran memorandum of understanding (MoU) on Sunday, and the drones were intercepted by the US military ere they posed a threat to commercial or US military ships and personnel.

The Economic Times

Adani Green in talks to raise as much as $1 billion in offshore borrowing after US settlement

Adani Green Energy is planning to secure a significant offshore loan of up to $1 billion. This marks the company's first international borrowing after resolving legal issues in the United States. The funds will support capital expenditure and other company needs. This move could also invigorate India's offshore loan market,…

The Economic Times

"Defectors' team has no credibility, TMC led by Mamata remains genuine party": Kirti Azad slams rebel camp

Trinamool Congress MP Kirti Azad dismissed rebel MPs merging with the Nationalist Citizens Party of India as lacking legitimacy, asserting Mamata Banerjee's TMC remains the "genuine" party with significant electoral backing. The Lok Sabha Speaker is reviewing the status of the 20 rebel MPs before making a decision on their…

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