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The Latest Breaking News from The Economic Times

Is Telegram banned in India? What you can and cannot do, and when the restrictions will end

Telegram banned in India: Telegram users in India are facing two temporary restrictions this month. Access to the platform has been restricted until June 22, while Telegram's ability to edit already-posted messages has been disabled until June 30. The measures were introduced in connection with the NEET (UG) 2026 re-examination,…

The Economic Times

Vozinha: The 'Little Voice' from the streets who stood like a wall to silence Spain at the FIFA World Cup

Cape Verde's Vozinha became a global sensation after a remarkable goalkeeping display against Spain. The 40-year old goal keeper made seven crucial saves to secure a historic 0-0 draw against Spain. This achievement marked a significant moment for the small island nation on the world's biggest football stage. Vozinha's journey…

The Economic Times

From Rs 75 in cash to the Lok Sabha spotlight: The obscure party at the centre of the TMC rebellion

An unknown political party, the Nationalist Citizens Party of India, is now central to national politics. Twenty Trinamool Congress MPs announced a merger with the NCPI. This move, if approved, would significantly change the Lok Sabha's composition. The NCPI, previously with minimal presence, would become a major force. The development…

The Economic Times

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Bitcoin holds near $66,000 as whale accumulation and institutional buying support sentiment

Bitcoin holds near $66,000, supported by whale accumulation and institutional buying, with a 0.3% rise in 24 hours. Improving risk sentiment, partly due to a U.S.-Iran peace agreement, fuels buying activity. While institutional demand is supportive, market conviction remains fragile as investors await further macro signals.

The Economic Times

As Europe rearms, 'wingman' aircraft take centre stage

Europe and the United States are developing advanced AI-powered drones. These unmanned aircraft, known as wingman drones, will fly alongside fighter jets. Companies like Airbus, Boeing, and General Atomics are showcasing their latest designs. This technology aims to enhance military capabilities and provide a strategic advantage. These drones are expected…

The Economic Times

Inside KPMG's AI report scandal: False claims, bogus case studies and hallucinated success stories

KPMG has retracted a global report after major organizations like UBS and the NHS denied claims of using AI for operational transformations. The report, which contained fabricated case studies and AI-generated inaccuracies, was flagged by GPTZero and the Financial Times. An internal investigation is underway as the firm faces scrutiny…

The Economic Times

US-Iran peace deal: Reliance Industries, ONGC; which other oil & gas stocks will emerge as top winners and losers?

A US-Iran peace deal is expected to ease oil supply risks, pushing crude prices lower. Nomura sees OMCs, CGDs, and Petronet LNG as key beneficiaries, while upstream firms like ONGC and Oil India may face pressure. Reliance Industries could see moderate downside due to weaker refining margins.

The Economic Times

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World's top miners BHP, Rio Tinto see India emerging as steel's next growth frontier beyond China

Global mining giants BHP and Rio Tinto are focusing on India for future steel demand. India's rapid urbanisation and infrastructure projects are driving growth. This expansion is expected to offset slowing demand from China. Both companies are well-positioned to support India's ambitious steel production targets. The Global South, particularly India,…

The Economic Times

SGB delivers 219% return on premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 3.19 lakh

The Reserve Bank of India has set the premature redemption price for Sovereign Gold Bonds 2020-21 Series-III. Investors can redeem these bonds from June 16, 2026. The redemption price is fixed at Rs 14,774 per unit. This offers a substantial return of 219% on the initial investment. Sovereign Gold Bonds…

The Economic Times

"Operation Tiger in final stage": Shiv Sena's Krupal Tumane claims 7 UBT MPs to join Shinde faction before Monsoon Session

Seven Shiv Sena UBT MPs are reportedly close to joining the Eknath Shinde faction. Shiv Sena MLC Krupal Tumane stated that 'Operation Tiger' discussions are in the final stages. He indicated the move is expected before the monsoon session of Parliament. This development comes amid speculation about MPs switching sides.

The Economic Times

Ukraine aims to align banks, insurers with EU rules by 2028, central banker says

Ukraine is fast-tracking financial reforms to align its banking and insurance sectors with EU standards by 2028, despite ongoing war. Governor Andriy Pyshnyi stated banking regulations are now 78% EU-compliant, with over 50 new laws planned to attract crucial private investment for reconstruction efforts.

The Economic Times

US-Iran peace talks: Senior officials link sanctions relief to nuclear compliance guarantees

Senior Trump administration officials revealed a new understanding with Iran, linking sanctions relief and economic reintegration to strict nuclear oversight and regional security commitments. This framework establishes conditional reciprocity, offering Iran gradual integration into global markets if it behaves like a normal country and allows stringent verification of its nuclear…

The Economic Times

India's telecom ARPU to grow 7% CAGR through FY29; narrowing tariff gap with global markets: Report

India's telecom sector is set for a multi-year growth phase. Average Revenue Per User (ARPU) is projected to grow at 7% annually from FY26 to FY29. This growth will reduce India's tariff gap with global markets. The sector is poised for stronger cash flows and improved returns.

The Economic Times

India's REIT and InvIT market to attract Rs 11.6 trillion new investments; AUM may double to Rs 20 trillion by 2030: Avendus Capital

India’s REIT and InvIT market could attract an additional Rs 11.6 trillion in investments by 2030, taking total assets under management beyond Rs 20 trillion, according to Avendus Capital. Strong participation from mutual funds, insurers, pension funds, and global investors is expected to drive the next phase of growth.

The Economic Times

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The Economic Times

Private banks remain in focus as credit growth strengthens; selectivity key amid valuation concerns: Dnyanada Vaidya

Private sector banks are attracting investors with robust credit growth and stable asset quality. Experts anticipate a rate cycle shift, boosting margins. While some valuation concerns persist, opportunities for rerating exist in select large banks like ICICI and Kotak Mahindra Bank. Deposit mobilization remains a key area to monitor for…

The Economic Times

YES Bank share price rises 3% on partnership with Northern Arc to extend lending offerings

YES Bank shares gained after the lender announced a strategic partnership with Northern Arc Capital. The collaboration aims to expand credit access, accelerate digital lending, and provide debt investment opportunities to customers.

The Economic Times

64-year-old intern: Just like Robert De Niro in The Intern, this business guru with decades of company-building experience starts again; says, 'I don’t have...'

At 64, Otis D’Souza chose to become an intern, not out of financial need, but a desire for purpose and continued learning. He embraced the role without ego, listening and learning from younger colleagues, demonstrating that the pursuit of knowledge and engagement has no age limit.

The Economic Times

Why a by-election in northwest England could decide Keir Starmer's future

Britain holds a crucial by-election today. The vote could trigger a leadership challenge against Labour's Keir Starmer. Andy Burnham, a popular mayor, aims to win the seat to run for party leader. If he wins, Starmer's position becomes precarious. The outcome rests with voters in the Makerfield constituency. A result…

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The Economic Times

Turtlemint Fintech sets IPO price band at Rs 144-152 for Rs 883 crore offer. Know GMP, other key details

Insurtech firm Turtlemint Fintech Solutions is launching its Rs 883 crore IPO on June 19, with a price band of Rs 144-152 per share. The issue includes a fresh issue and an offer-for-sale, with proceeds aimed at infrastructure, technology development, and marketing. The company, founded in 2015, simplifies insurance policy…

The Economic Times

Lok Sabha Speaker gave Abhishek Banerjee 2-hour notice during ED questioning: Sources

Lok Sabha Speaker Om Birla will hear both sides of the Trinamool Congress regarding a rebel faction's merger request. This comes amid a standoff over a summons issued to Abhishek Banerjee. Banerjee was unable to attend a meeting due to an Enforcement Directorate interrogation. The Speaker will decide on the…

The Economic Times

India launches first wind turbine supply chain management portal to boost domestic manufacturing, exports

Union Minister for New and Renewable Energy Pralhad Joshi on Monday launched India's first dedicated Wind Turbine Supply Chain Management (WT-MARUT) Portal, aimed at strengthening the country's domestic wind manufacturing ecosystem and accelerating its clean energy ambitions.

The Economic Times

Peak XV-backed HomeLane plans India IPO within two years to fuel expansion

HomeLane, an Indian home interiors platform, is planning an IPO within 12 to 24 months to fund expansion into new cities and adjacent furnishing categories. The company aims for profitability, projecting significant revenue growth by fiscal 2031, and is investing in AI to enhance design efficiency and reduce costs.

The Economic Times

Rupee inches up, Iran deal longevity worries and hedging drag

The Indian rupee saw a modest rise against the U.S. dollar, influenced by a U.S.-Iran truce but tempered by importer hedging and skepticism about the deal's durability. While the peace agreement aims to reopen the Strait of Hormuz and lower oil prices, market participants await further details and anticipate the…

The Economic Times

Quote of the Day by Steve Harvey: ‘All men can and will change, but there's only one woman we're…’

Steve Harvey, a renowned comedian and host, has built a successful career. His quote suggests men change for one woman. This reflects his view that genuine motivation, not pressure, drives personal transformation in relationships. Meaningful connections inspire growth and maturity. Lasting change comes from within, highlighting the power of love…

The Economic Times

HDFC Bank to hit dollar bond market under new subsidised scheme: Sources

HDFC Bank plans to raise at least $500 million via dollar bonds this week, utilizing the central bank's subsidized hedging window. The five-year bond issue, with initial guidance of 5-year U.S. Treasury yield plus 120 basis points, is expected to see strong demand. Proceeds will fund foreign branches and subsidiaries,…

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