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The Latest Breaking News from 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.

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…

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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

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

India has wide AI talent gaps in deployment, governance, security: Quess report

India faces significant AI talent gaps in deployment, governance, and security roles, with GenAI deployment showing the widest deficit. While the country boasts the second-largest AI talent pool globally, the demand is shifting towards production-ready skills, particularly in the three-to-five-year experience band, as AI becomes a horizontal capability across industries.

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Inside Cursor's journey to a $60 billion deal with Elon Musk’s SpaceX

SpaceX has acquired AI coding assistant Cursor for $60 billion in an all-stock deal, significantly bolstering its AI ambitions. This move positions SpaceX strongly in the AI coding tools segment, competing with giants like OpenAI and Anthropic. Cursor, cofounded by Indian-origin entrepreneur Aman Sanger, boasts substantial annual revenue and a…

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.

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

India’s electronics exports up 11.62% to $5.09 billion in May

Indian electronics exports saw a significant rise in May, reaching $5.09 billion. This growth occurred despite global supply chain issues. Shipments to the United States surged, becoming the primary destination. This shift compensated for slower trade with the UAE. Overall electronics exports for the first two months of 2026-27 climbed…

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

Wilmington Delaware hospital shooting: Gunshots fired inside medical facility which is placed under lockdown, search is on for active shooter

Wilmington Delaware hospital shooting: Multiple people shot inside as Police look for active shooter.

The Economic Times

World Cup 2026: Visa expired after just one game for Iran Footballer Mehdi Torabi who is linked to Islamic Revolutionary Guard Corps-IRGC, attended pro-government rallies in Tehran after US-Israel strikes

Iran national team are commuting from their tournament base ‌in the ⁠Mexican border ⁠city of Tijuana for their three World Cup group-stage matches, the first two in Los Angeles and the third in Seattle.

The Economic Times

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Why are oil prices down while gold and silver prices up today? Reasons behind crude oil fall, precious metals rally, analyst insights and market outlook

Why are oil prices down while gold and silver prices up today? Oil prices fell to a three-month low as hopes grew that the Strait of Hormuz could reopen under a proposed U.S.-Iran agreement. At the same time, gold and silver prices moved higher because lower oil prices reduced inflation…

The Economic Times

Quote of the day by Alexander the Great: 'May God keep you away from the venom of the cobra, the teeth of the tiger, and the revenge of...' Life lessons on consequences, diplomacy, conflict, threats, oppression, disrespect and why one should never underestimate the underdog

Quote of the Day by Alexander the Great highlights the importance of understanding consequences, respecting people, avoiding conflict, and never underestimating the determination of others. The quote, often linked to Alexander the Great, compares natural dangers with human retaliation and explains why diplomacy, empathy, and respect can prevent long-term disputes.…

The Economic Times

Life Advice of the Day by Aesop: 'Better be wise by the...' Learnings on intelligence, mistakes, observation, research, decision-making, trial and error

Life Advice of the Day by Aesop highlights the value of learning from the mistakes, failures, and experiences of other people. The advice encourages observation, research, intelligence, and better decision-making instead of relying only on personal trial and error. It explains how studying history, biographies, workplace failures, and feedback can…

The Economic Times

Kylian Mbappe goals records in World Cup 2026: France captain creates history against Senegal, surpasses Lionel Messi, Pele

France and Real Madrid star Mbappe took his career World Cup goals tally to 14 –- just two behind all-time leader Miroslav Klose.

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The Economic Times

SpaceX surges past Amazon, Microsoft: Why are Elon Musk-led company's stocks, valuation rising?

SpaceX shares surged early on Tuesday as investors bet on Elon Musk's sprawling empire that spans rockets to AI, even though the stock carries a higher valuation than the other trillion-dollar behemoths.

The Economic Times

Words of Wisdom 'Accept what is, let go of what was, have faith in what will be' offers philosophy of life, inner peace, happiness and teaches art of letting go

Today's Words of Wisdom offers timeless guidance for a meaningful life. It teaches the value of accepting reality, releasing the burdens of the past, and trusting the future with hope and confidence. By embracing these principles, individuals can cultivate inner peace, resilience, and happiness. Life is constantly changing, but with…

The Economic Times

Quote of the day by Princess Diana: 'The greatest problem in the world today is...' Life lessons on empathy, action, vulnerability, kindness and compassion

Quote of the Day by Princess Diana continues to inspire people through its message on empathy, compassion, kindness, action, and understanding. Princess Diana said, “The greatest problem in the world today is intolerance. Everyone is so intolerant of each other.” The quote remains relevant in modern society and encourages people…

The Economic Times

Proverb of the Day: 'A tent without a woman is like...' Life lessons on harmony, happiness, sanctuary, emotional connection, mutual support, and why a female's presence is essential to make a home livable

Proverb of the Day highlights the saying, “A tent without a woman is like a violin with no strings.” The proverb explains the value of emotional connection, harmony, mutual support, and family life. It compares a home without emotional care to a violin that cannot create music. The teaching remains…

The Economic Times

US stocks: Nasdaq and S&P 500 slip while Dow hits record high ahead of Fed rate decision

Technology stocks pressured the Nasdaq and S&P 500 lower on Tuesday, while the Dow Jones Industrial Average achieved its second consecutive record close. Investors digested Monday's rally and anticipated the Federal Reserve's policy update, with oil prices also declining. Financials and industrials saw gains as investors rotated out of tech.

The Economic Times

Quote of the day by Lili Reinhart: 'Taking ownership of your feelings is so vital to...' - inspiring mental health lessons on emotional healing, self-awareness and why owning your feelings is key to getting better by Riverdale and Netflix's Look Both Ways actress

Quote of the day by Lili Reinhart: Actor Lili Reinhart emphasizes that taking ownership of one's feelings is crucial for emotional healing and personal growth. Acknowledging and accepting emotions, rather than suppressing them, allows for clearer processing, healthier coping mechanisms, and ultimately, greater resilience and self-awareness.

The Economic Times

A World War II-era drug just helped patients go from 7 bathroom trips a night to just one

Mayo Clinic researchers found a new way kidneys manage water. This discovery uses an old drug, probenecid, to reveal a pathway independent of vasopressin. This could lead to better treatments for polycystic kidney disease. The drug reduced urine volume in trials, improving patient quality of life. Scientists now aim to…

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