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The Latest Breaking News from The Economic Times

European shares inch up as investors assess US-Iran agreement

European stock markets enjoyed a positive start on Tuesday, a continuation of Monday's upward momentum. Investors are particularly attentive to the early stages of a possible agreement between the U.S. and Iran, as this could lead to the reopening of the Strait of Hormuz, affecting oil supply dynamics. With a…

The Economic Times

Euro zone bond yields steady near two-week low after Middle East peace deal

Euro zone bond yields stabilized after a recent dip. A US-Iran deal to reopen the Strait of Hormuz is easing energy supply concerns. This development is reducing inflation worries and slowing growth fears. Expectations for further interest rate hikes by major central banks, including the European Central Bank, have been…

The Economic Times

Global Market | European shares inch up as investors assess US-Iran agreement

European stock exchanges kicked off the day with a bullish trend on Tuesday, riding the wave of Monday's upward momentum. Market participants are closely tracking a preliminary deal between the U.S. and Iran, which could initiate oil flow through the vital Strait of Hormuz once again. With oil prices potentially…

The Economic Times

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False propaganda, person in video not me: Bhagwant Mann on Akal Takht edict against him

Punjab Chief Minister Bhagwant Mann has rejected an edict from Sikh clergy labeling him anti-Guru. Mann states the controversial video circulating does not feature him, attributing the accusations to political motives. He asserts his commitment to Sikhism and the Akal Takht, questioning the impartiality of religious appointments. The clergy maintains…

The Economic Times

'This party will slowly die': Shiv Sena's Sanjay Nirupam claims UBT faction will be finished by 2029

Shiv Sena leader Sanjay Nirupam predicts the Shiv Sena UBT will cease to exist by 2029. He claims leaders and workers are losing faith in Uddhav Thackeray's leadership. Speculation is rife about several MPs potentially joining the Eknath Shinde faction. Meanwhile, Shiv Sena UBT MP Sanjay Raut dismisses these reports…

The Economic Times

China signs up 26 financial institutions to digital yuan cross-border payment platform

The agreement will allow participants to join the Cross-border e-CNY Transfer Services, or CBETS, an integrated cross-border settlement platform that supports round-the-clock digital payment links with foreign central banks and overseas financial institutions.

The Economic Times

Stoic quote of the day by Epicurus: 'The wealth required by nature is limited and is easy to...' Why one of history's greatest philosophers believed that wanting less was the key to living more

Stoic quote of the day by Epicurus: Epicurus reminds us that true wealth comes not from having more, but from needing less. According to Epicurus, our natural needs are limited and relatively easy to satisfy, while desires driven by vanity, status and material excess have no end. This timeless wisdom…

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Andhra Pradesh's Naidu pitches state as semiconductor hub to global chipmakers

Andhra Pradesh Chief Minister N Chandrababu Naidu is inviting global semiconductor firms to invest in the state. He highlighted Andhra Pradesh as a top investment destination in India. The Chief Minister mentioned a semiconductor manufacturing facility will be established in the Rayalaseema region. Discussions were held with Singapore-based semiconductor companies…

The Economic Times

Australia declares El Nino set to be strongest in decades

Australia's weather bureau has warned of an El Nino forming in the tropical Pacific. This weather pattern could become one of the strongest in seventy years by the second half of 2026. It is expected to bring excessive rains to the Americas and hot, dry conditions to Asia. This raises…

The Economic Times

Nomura raises Adani Ports share price target by 12%. Here are 3 major reasons why

Nomura has raised its target price on Adani Ports and Special Economic Zone to Rs 2,080 from Rs 1,850, while retaining its Buy rating. The revised target suggests a potential upside of about 15% from current levels. The brokerage also marginally increased its FY27 and FY28 EBITDA forecasts, driven by…

The Economic Times

NBFCs and private banks better positioned than PSU banks: Aman Chowhan

Aman Chowhan of Abakkus Asset Manager highlights crude oil as the dominant macro risk, potentially impacting corporate earnings by 100-200 bps in upcoming quarters. He favors defensive and structural themes like renewables, pharma, and domestic manufacturing, while remaining cautious on IT due to AI and valuation concerns.

The Economic Times

No father at home, grandparents dead, and the new global sensation Vozinha's heartbreak moment is no money for his mother to witness FIFA World Cup fame

Cape Verde's Vozinha delivered a career-defining performance against Spain, making seven saves to secure a historic 0-0 draw. Despite global acclaim and a surge in followers, the veteran goalkeeper was overcome with emotion, crying for his deceased grandparents and his mother, who couldn't attend due to visa and financial issues.

The Economic Times

Women's T20 World Cup: India look to sharpen their batting against Netherlands

India faces Netherlands in the Women's T20 World Cup. The team seeks better batting consistency after a mixed performance against Pakistan. Key players like Smriti Mandhana and Richa Ghosh showed form. India's bowlers, especially spinners Deepti Sharma and Shree Charani, performed well. Netherlands lost their opening match and needs improvement.

The Economic Times

Indian climate policy expert to help deliver Commonwealth Youth Forum

Vikrant Srivastava, an Indian climate policy expert, will help plan the 2026 Commonwealth Youth Forum in Antigua and Barbuda. He joins 22 other young leaders on an international taskforce. They will shape the forum's program and policy recommendations. The event aims to foster youth agency and co-create pathways for shared…

The Economic Times

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Royal Orchid plans to add 50 hotels, betting on local demand boost

Royal Orchid Hotels is set to launch over 50 new properties across India in the coming 12 to 18 months. This expansion is fueled by a surge in domestic tourism as geopolitical tensions and currency fluctuations make international travel less appealing. The company aims to significantly increase its room inventory…

The Economic Times

Cipla appoints health chief Shivam Puri to lead One India business

Cipla has appointed Shivam Puri as the new Chief Executive Officer for its One India Business. This significant leadership change will take effect from July 1. Puri currently heads Cipla Health, a role he has held since 2019. His extensive experience in consumer goods and healthcare will now steer Cipla's…

The Economic Times

Elon Musk just made Warren Buffett’s entire net worth in a single day

Elon Musk’s net worth soared by a record $164 billion in a single day after SpaceX shares surged nearly 20%, pushing his fortune to $1.27 trillion. The gain alone exceeded Warren Buffett’s entire net worth, underscoring the extraordinary wealth creation driven by SpaceX’s blockbuster market debut.

The Economic Times

No runaway rally likely; markets to trade in broad range: Sameer Dalal

Equity markets face near-term unevenness due to global optimism tempered by domestic uncertainties like elevated crude prices and monsoon risks. Sameer Dalal of Natverlal & Sons Stockbrokers anticipates a rangebound Nifty between 23,000 and 24,500, advocating for a diversified portfolio tilted towards structural growth themes.

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The Economic Times

RIL shares jump 6% in 3 days, market cap soars by Rs 1 lakh cr ahead of AGM. Why Morgan Stanley still sees 38% upside

Reliance Industries has added over Rs 1 lakh crore in market value in just three trading sessions ahead of its closely watched AGM. Despite the recent rally, Morgan Stanley sees another 38% upside, betting on stronger O2C earnings, new energy monetisation, AI opportunities and attractive valuations.

The Economic Times

Kashmir Medical College gears up for NMC inspection, plans 150 MBBS seats with advanced healthcare facilities

Kashmir Medical College in Srinagar is undergoing significant development. The institution is being equipped with advanced technology and modern facilities. This initiative aims to enhance medical education and provide improved healthcare access for the region. The college is preparing for inspections and plans to admit its first batch of students…

The Economic Times

Kiran Mazumdar-Shaw eyes crown of world’s top insulin supplier for Biocon

Indian drugmaker Biocon aims to be the world's top insulin supplier within five years, capitalising on growing demand as major pharmaceutical companies shift focus to newer weight-loss drugs. Currently the third-largest global insulin provider, Biocon is significantly expanding production. This strategic move addresses a critical gap in the market, particularly…

The Economic Times

Private bus operators raise concerns over Kerala's free travel scheme for women

Private bus operators in Kerala are worried about the new free travel scheme for women on KSRTC buses. They claim it is hurting their business. Many women passengers have shifted to KSRTC services. Operators warn that many private buses might stop running soon. They are asking the government for substantial…

The Economic Times

Low-flying aircraft damages another house near Kochi airport; CIAL explores compensation, DGCA seeks report

A house near Cochin International Airport suffered damage from a low-flying aircraft. This marks the third such incident in a year. Cochin International Airport Limited is now considering compensation for affected residents using corporate social responsibility funds. The Directorate General of Civil Aviation will seek a report on the latest…

The Economic Times

Sunil Singhania-backed Abakkus Small Cap Fund adds 3 new stocks, increases stake in HDFC Bank, SBI and 49 others

Sunil Singhania's Abakkus Small Cap Fund added three new stocks in May, including Tanla Platforms and Intellect Design Arena. The fund also increased its holdings in HDFC Bank, State Bank of India, and 49 other stocks, notably Equitas Small Finance Bank and Edelweiss Financial Services. No complete exits were made,…

The Economic Times

A mother wanted to keep her six children connected forever. The unique names she gave them became a symbol of their success

A Virginia mother gave her six children unique names inspired by US states. Nevada, Montana, Indiana, Arizona, Missouri, and Dakota were chosen to represent hope and togetherness. The mother wanted her children to believe in a future beyond their immediate surroundings. The siblings have grown up close, with each pursuing…

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