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The Latest Breaking News from 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.

The Economic Times

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Words of wisdom by Regina Brett: “Time heals almost everything. Give time time.” — Can patience truly transform pain into wisdom? A powerful life lesson to remember

Words of wisdom by Regina Brett: Her powerful life lesson, “Time heals almost everything. Give time time,” reveals the deeper truth of healing, patience, and personal growth. This inspiring quote about life reminds us that pain changes, struggles fade, and wisdom grows when we allow time to transform our failures,…

The Economic Times

Zydus Lifesciences shares fall 2% as firm acquires US-based Assertio Holdings for $166 million

Zydus Lifesciences' shares dipped 2% after completing the $166.4 million acquisition of US-based Assertio Holdings Inc. The deal, finalized through a subsidiary, makes Assertio a wholly-owned entity, bolstering Zydus's specialty and oncology supportive-care therapies pipeline. This strategic move aims to enhance the company's innovative drug offerings.

The Economic Times

IND A vs AFG A live streaming, playing 11, prediction, pitch and weather report for India A vs Afghanistan A Sri Lanka tri-series match

IND A vs AFG A Live Streaming, Playing 11 Prediction: India A needs a victory against Afghanistan A in the Sri Lanka A-Team Tri-Series 2026. This crucial Match 5 is a virtual knockout for Tilak Varma's team. After two close defeats, India A must perform well in all departments to…

The Economic Times

FIFA World Cup 2026: Argentina is skilfully defending its title, and its fans are more obsessed than ever

Argentina's football champions are back on the World Cup stage. Dedicated fans have traveled thousands of miles, some by bicycle, to support their team. Many are spending significant amounts of money to witness the matches. Lionel Messi, a legendary player, is a major draw for global fans.

The Economic Times

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Prime Focus shares hit 5% upper circuit as Sebi halts proceedings in misleading financials case

Prime Focus shares were locked in 5% upper circuit after Sebi closed its investigation. The market regulator found the company used correct accounting for business transfers. Allegations of misleading financial statements and irregularities were unsubstantiated. Proceedings against the company and its directors have been dismissed. This decision impacts the company's…

The Economic Times

Wipro shares in focus after unveiling Anthropic-powered AI hub in Bengaluru

Wipro has launched an Applied AI Center of Excellence in Bengaluru focused on Anthropic’s Claude models to scale enterprise AI adoption. The initiative includes training 10,000 professionals, deploying specialised engineers, and integrating AI across client solutions and internal operations, reinforcing its strategy of becoming a consulting-led, AI-powered organisation.

The Economic Times

Most goals in World Cup: Who is the highest goal scorer in the FIFA world cup?

Who is the highest goal scorer in the FIFA world cup? Lionel Messi has equaled Miroslav Klose's record of 16 World Cup goals after a hat-trick in the 2026 tournament. The Argentina captain also became the first male footballer to appear in six World Cups. Messi's achievement marks a significant…

The Economic Times

Amazon may face penalties from potential FTC ad suit, Bloomberg News reports

The FTC has a possible complaint against Amazon ‌as part ⁠of ⁠an ongoing probe, Bloomberg reported, citing people familiar with the matter. Several state attorneys general are also participating.

The Economic Times

PM Modi holds bilateral talks with Kenya, Japan, Egypt and South Korea leaders on sidelines of G7 Summit

Prime Minister Narendra Modi met with leaders from the UAE, Kenya, Egypt, South Korea, and Japan at the G7 Summit in Evian, France. Discussions focused on boosting trade, investment, and strategic ties. Modi also stressed dialogue for global conflict resolution and highlighted maritime security. India's participation marked its 13th G7…

The Economic Times

Nvidia's Jensen Huang pledges AI will boost manufacturing jobs

The factory represents a fundamental test of whether, as Huang believes, AI will be a source of job creation instead of a technology that supplants workers as it becomes possible to write software, analyze a spreadsheet, run an assembly line or even drive an automobile without much human effort.

The Economic Times

Delhi, Noida, Gurgaon weather today: Rain likely later in the day, temperatures to stay below normal

Delhi experienced a pleasant Wednesday morning with partly cloudy skies, a welcome change from typical June heat. Rain and thunderstorms are anticipated later in the day and for the next few days, offering relief from intense heat. Weather experts attribute these pre-monsoon conditions to cyclonic circulation and troughs, with temperatures…

The Economic Times

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FIFA World Cup 2026: Lionel Messi lights up the stage with hat-trick in opener vs Algeria, equals Klose’s all-time record

Lionel Messi achieved a remarkable hat-trick in Argentina's World Cup debut against Algeria. This dominant performance saw the veteran player equal Miroslav Klose's all-time World Cup scoring record of 16 goals. Messi's goals, including a long-range strike and a close-range finish, ignited celebrations among Argentine supporters in Kansas City.

The Economic Times

Clay Craft India IPO: Check GMP, price band, subscription and other details

The IPO is being offered in a price band of Rs 193-203 per share. At the upper end of the band, the company is valued at around Rs 417.6 crore.

The Economic Times

Diksha Polymers IPO opens today. Check GMP, subscription, and other details

The allotment is expected to be finalised on June 22, while the shares are scheduled to list on the BSE SME platform on June 24.

The Economic Times

Dividend alert! Last date to buy Tata Tech, HDB Financial, 6 other stocks for dividends worth Rs 36

The shares of Tata Technologies on Thursday will turn ex-record date for a special dividend of Rs 3.35 per share and a final dividend of Rs 8.35 per share, aggregating to Rs 11.70 per equity share for the financial year which ended on March 31, 2026, subject to tax.

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The Economic Times

FIFA World Cup 2026: Lionel Messi joins Cristiano Ronaldo club, becomes 2nd player to score in 5 World Cups

Lionel Messi achieved his 200th international appearance for Argentina in their FIFA World Cup 2026 opener against Algeria. At 38, he joins an elite group of footballers with such longevity. Messi's illustrious career includes a World Cup title, multiple Copa América triumphs, and numerous World Cup records, solidifying his status…

The Economic Times

New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26

Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contributions to NPS and EPF, a standard deduction of Rs 75,000, and interest on home loans for let-out properties. Exempt perquisites and certain official allowances also offer tax benefits.

The Economic Times

White House talking points claim victories in initial Iran deal but often don't meet reality

The White House has informed supporters of President Trump's alleged victories in the Iran conflict, claiming Iran will not develop nuclear weapons and the Strait of Hormuz has reopened. However, details of the agreement remain secret, causing confusion and skepticism among allies and lawmakers, with some claims contradicting on-the-ground realities.

The Economic Times

FBI says it thwarted plot to use drones, snipers to attack White House UFC event

Federal agents have foiled a major terror plot targeting a UFC event held on the White House lawn. Five individuals are in custody. The alleged plan involved explosive drones and snipers aimed at fleeing politicians. Authorities uncovered the conspiracy after a concerned mother reported her son's suspicious activities. The investigation…

The Economic Times

Vishal Mega Mart shares in focus as IPO lock-in expiry frees up shares worth Rs 10,813 crore for trade

Vishal Mega Mart shares made a strong market debut, listing with a 41% premium over the IPO price at Rs 110 on BSE in December 2024. Although the offer was entirely an OFS, Vishal Mega Mart's maiden public issue received healthy demand from all sets of investors, especially from the…

The Economic Times

Iran says the initial deal to end the war with US requires Israel to withdraw from Lebanon

A tentative deal to end the war between the U.S. and Iran faces a major hurdle. Iran insists Israel must withdraw from Lebanon, a condition Israel rejects. This disagreement could lead to a resumption of full-scale conflict. The agreement's details remain unclear, causing confusion. A signing ceremony is planned for…

The Economic Times

Indonesia Earthquake Today: 6.7 magnitude quake strikes, leaves 1 dead, causes damage and injuries

Earthquake in Indonesia today: A powerful 6.7 magnitude earthquake hit Sulawesi island in Indonesia. The tremor killed at least one person and injured dozens. Homes and infrastructure suffered damage. Residents fled buildings fearing aftershocks. This event brings back painful memories of a devastating 2018 earthquake and tsunami in the same…

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