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The Latest Breaking News from The Economic Times

PM Modi, Trump to discuss West Asia crisis, energy partnership, trade deal on sidelines of G7 Summit: Sources

Prime Minister Modi and President Trump are set to discuss West Asia tensions, the Strait of Hormuz, and a bilateral trade agreement during their G7 meeting. Both nations aim to build a long-term energy partnership amid global supply chain concerns. The trade deal is reportedly in its final stages, with…

The Economic Times

FIFA 2026: Kylian Mbappe sparks France with two goals in 3-1 win over Senegal at World Cup

Kylian Mbappe scored twice, surpassing Pele's World Cup goal tally with 14, as France defeated Senegal 3-1 in their opener. After a quiet first half, Mbappe's brace and a late goal from Bradley Barcola secured the win. Ibrahim Mbaye scored Senegal's lone goal in stoppage time.

The Economic Times

BigBasket founder's exit; Pocket FM’s reverse flip

Amazon veteran Amit Nanda, currently director of selling partner services, now takes over as CEO.

The Economic Times

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Despite getting Rs 20 lakh alimony in divorce settlement, wife continues criminal cases against husband, in-laws; HC quashes case as abuse of process

A woman received Rs 20 lakh in permanent alimony as part of a divorce settlement. Despite agreeing to withdraw all cases, she continued criminal proceedings against her former husband's parents. The Rajasthan High Court deemed this an abuse of the court process. The court quashed the cases, stating the wife's…

The Economic Times

Gold edges up as rate-hike fears ease; Fed rate decision in focus

Gold prices are climbing for the fifth consecutive session. Optimism surrounding a U.S.-Iran peace deal is easing concerns about interest rate hikes. Investors are now awaiting details of the deal and the Federal Reserve's policy meeting. Projections suggest U.S. short-term borrowing costs will remain unchanged throughout the year. Reserve managers…

The Economic Times

Dollar on the defensive ahead of first Fed decision under Warsh

The dollar weakened ahead of the Federal Reserve's policy decision, with optimism over a U.S.-Iran peace deal boosting risk appetite. The yen also struggled against a softer dollar after a widely anticipated Bank of Japan rate hike offered few surprises. Investors remained cautious before the Fed's announcement, with focus on…

The Economic Times

NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDS

NRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE interest is tax-free in India, while NRO interest attracts TDS and taxation. However, DTAA benefits may reduce the tax burden on NRO income and help avoid double taxation.

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8th Pay Commission news: Defence employee body demands new inflation index to calculate 8th CPC DA, DR, revised pay

The All India Defence Employees’ Federation (AIDEF) has urged the 8th Pay Commission to replace the AICPI-IW-based inflation measure with a dedicated cost-of-living index for central government employees and pensioners. It argues the revised CPI underestimates rising expenses on food, healthcare, housing and education, leading to inadequate DA, DR, pay…

The Economic Times

The Indian workers training AI robots to take their jobs

With a smartphone strapped to her head, Nagireddy Sriramyachandra films herself slicing mangoes in her kitchen in India to train AI-powered robots to take on household jobs in the future. "I may get a robot myself in the future," she added.

The Economic Times

Mukesh Ambani’s Jio may file for $4 billion IPO before Friday AGM: Report

Reliance Jio Infocomm is reportedly days away from filing draft papers for its $4 billion IPO, potentially before Mukesh Ambani's AGM address. This offering aims to be one of India's largest, with funds going to Jio for expansion rather than existing shareholders. The move comes as India's primary market activity…

The Economic Times

Lionel Messi creates FIFA World Cup history and adds another record to football's greatest story

Lionel Messi FIFA World Cup History: Lionel Messi became the first man to play in six World Cup tournaments when he started for Argentina in their opening match against Algeria in Kansas City on Tuesday. Messi made his World Cup debut as a teenager at the 2006 tournament in Germany…

The Economic Times

Brent climbs to $79.43 as traders weigh durability of US-Iran peace deal

Oil prices edged higher as investors assessed the implications of a potential U.S.-Iran peace deal and the reopening of the Strait of Hormuz. While an interim agreement was announced, details remain scarce, and a full return to pre-war production levels is expected to take considerable time, adding to market uncertainty.

The Economic Times

Trump-endorsed Mike Collins wins Georgia primary for Senate, to face Jon Ossoff in November

Mike Collins secured the Republican nomination for the U.S. Senate in Georgia, defeating Derek Dooley with President Trump's endorsement. He will face incumbent Democrat Jon Ossoff, who has a significant fundraising advantage. Republicans aim to flip the seat, but Ossoff is considered a strong favorite to win reelection.

The Economic Times

U. S-Iran deal to collapse? Top Tehran diplomat sounds warning related to reopening of Strait of Hormuz, resumption of all-out war

Israel and the Lebanese government have entered their own U.S.-mediated direct negotiations, of which Hezbollah was not part. Those talks have yielded several announced ceasefires that were never implemented on the ground.

The Economic Times

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Ex-Citi exec alleges she was fired after raising Trump-related compliance concerns: Report

A former Citigroup executive claims she was fired in retaliation for flagging regulatory and compliance risks. The lawsuit alleges these concerns were related to the bank's efforts to onboard former President Donald Trump as a client. Citigroup denies the allegations, calling the lawsuit "absolutely zero merit."

The Economic Times

Can DigiLocker replace your bank locker? What you need to know about storing important documents

Indians face a choice between traditional bank lockers and the government's DigiLocker for important documents. While DigiLocker offers convenient digital access for routine verification, experts emphasize that original physical documents like property deeds and Wills remain crucial for legal and financial transactions. Both methods have security and succession planning considerations.

The Economic Times

Global Market Today: Asian stocks edge lower with Fed decision in focus

Asian stocks declined, mirroring Wall Street's tech sell-off as investors await the Federal Reserve's policy decision under Chairman Kevin Warsh. Oil prices eased, tempering inflation concerns, while markets remain divided on the Fed's future rate path amid an emerging US-Iran peace deal.

The Economic Times

US set to offer Iran $300 billion development fund, broad financial gains in peace deal

Iran is poised to receive significant financial incentives, including immediate oil sales and access to a $300 billion development fund, as part of a deal with the US. The agreement, set to be formally signed on June 19, aims to end hostilities and place strict limits on Iran's nuclear program.

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The Economic Times

Markets poised for a cautious start as GIFT Nifty ticks higher

Indian markets continued their upward trend on Tuesday. The Nifty closed at 23,989. Analysts anticipate this positive momentum to persist. Improved geopolitical situations, increased foreign investor interest, and falling crude oil prices are driving the market. A potential US-Iran peace agreement is boosting global sentiment. The India VIX, a fear…

The Economic Times

Stocks in news: Prime Focus, Groww, GIC RE, Wipro, Nykaa

Indian benchmark indices traded with a positive bias, with the Nifty consolidating near the 24,000 mark and closing near its day's high. Several companies, including Prime Focus, GIC RE, Wipro, Groww, and Nykaa, were in focus due to significant news developments. These ranged from regulatory approvals and successful acquisitions to…

The Economic Times

Trump goes after Netanyahu as he pursues deal with Iran, putting their friendship to the test

Former US President Donald Trump has publicly criticized Israeli Prime Minister Benjamin Netanyahu. Trump claims credit for Israel's existence and is unhappy with Netanyahu's actions regarding Lebanon. This tension arises as Trump seeks a deal to end the war with Iran. The criticism comes amid domestic pressure on Trump due…

The Economic Times

Ola Electric files application to settle Sebi probe over false information allegations

Ola Electric and founder Bhavish Aggarwal have approached Sebi to settle allegations of disseminating false information to inflate stock prices. The company seeks an amicable closure without admitting guilt, following Sebi's notice regarding discrepancies in service network expansion, sales figures, and electric motorcycle rollout timelines.

The Economic Times

Pocket FM begins reverse flip talks; eyes potential India IPO

Audio entertainment startup Pocket FM is reportedly in discussions to shift its holding structure back to India, signalling potential plans for a domestic public listing. This move follows rival Kuku Technologies' formal steps towards an IPO, intensifying focus on India's growing audio and mobile-first storytelling market.

The Economic Times

Creator platform Influish raises pre-seed round at Rs 25 crore valuation

Creator platform Influish has secured pre-seed funding at a Rs 25 crore valuation, backed by angel investors. The platform connects creators with brands, offering tools for audience growth, brand deals, and business management. Influish aims to expand product features and AI tools with the new capital.

The Economic Times

Trackk enters broking as wealthtech startups chase Gen Z investors

Gen Z-focused investment platform Trackk is now venturing into broking, offering equity and F&O trading. Shifting from its previous sub-broker role, the platform aims to build its own financial infrastructure to better serve its young user base. Trackk targets 500,000 accounts in the next year, focusing on first-time investors.

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