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The Latest Breaking News from The Economic Times

Best quote of the day by Albert Einstein: 'The distinction between the past, present, and future is only a stubbornly persistent illusion.'

Albert Einstein's profound quote suggests the past, present, and future are an illusion, rooted in his Theory of Relativity where time and space are interconnected. This perspective challenges our linear experience, urging us to appreciate the present moment and embrace a broader understanding of reality and our place within it.

The Economic Times

SJM writes to US envoy over Indian seafarers' killing, seeks probe, compensation

In a heartfelt letter, an RSS affiliate has reached out to the US Ambassador, condemning the tragic deaths of three Indian seafarers resulting from recent US military actions. The organisation is demanding a thorough and transparent investigation, along with compensation for the grieving families.

The Economic Times

Tata Motors PV confident of delivering industry-leading growth in FY27: Chairman N Chandrasekaran

Tata Motors Passenger Vehicles anticipates industry-leading growth in FY27. This confidence stems from a strong lineup of new vehicle launches and diverse powertrain options. The company will continue its collaboration with Jaguar Land Rover on manufacturing and technology. Focus remains on safety, sustainability, quality, and customer satisfaction. Tata Motors is…

The Economic Times

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India's industrial moment: How AVEVA is turning data into the new competitive edge

Indian industries are investing heavily in digital transformation but face challenges in using their data. AVEVA's industrial intelligence platform is designed to solve this. India is a key innovation hub for AVEVA, supporting the nation's 2047 productivity vision. The platform helps turn fragmented data into actionable insights, driving AI adoption…

The Economic Times

Adani Ports to invest up to $100 million with Kaleris to accelerate terminal automation

Adani Ports is partnering with Kaleris to deploy AI-powered systems across its container terminals. This expansion aims to significantly increase cargo handling capacity by 2030. The technology will enhance operational efficiency and customer experience. This digital upgrade supports Adani Ports' ambitious growth plans and its goal to handle one billion…

The Economic Times

Weak monsoon prolongs south Bengal's summer woes

South Bengal will continue to experience sweltering heat. The monsoon is weak in southern districts, bringing little rain. Light showers are expected until June 19, with widespread rain on June 20 and 21. Northern districts will receive heavy rain. State schools have shifted to morning hours due to the oppressive…

The Economic Times

Beyond the Terminal: NRIs should factor 'Inevitable India' into their portfolios

India's economy is transforming, offering opportunities for Non-Resident Indians. Despite rupee depreciation, an undervalued currency presents potential gains. Reforms and domestic demand drive growth. GIFT City provides a simple, tax-efficient way for the diaspora to invest in India's future. This allows NRIs to participate in India's progress from anywhere.

The Economic Times

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Beyond the Terminal: NRIs should factor 'Inevitable India' into their portfolios

Indian economy is transforming, offering opportunities for Non-Resident Indians. Despite rupee depreciation, an undervalued currency presents potential gains. Reforms and domestic demand drive growth. GIFT City provides a simple, tax-efficient way for the diaspora to invest in India's future. This allows NRIs to participate in India's progress from anywhere.

The Economic Times

Elon Musk never stopped believing today's impossibility can become tomorrow's reality: Anand Mahindra

Elon Musk has achieved a historic milestone becoming the world's first trillionaire after SpaceX's successful stock market debut. Mahindra Group Chairman Anand Mahindra lauded Musk's unwavering belief in transforming today's impossibilities into tomorrow's realities. Mahindra recalled supporting Musk during tough times in 2018, emphasizing that innovators are often judged during…

The Economic Times

India's export outlook is challenging for FY27, but worst is over: Elara Securities

India's export outlook remains challenging in FY27 amid moderating global demand and elevated electronics imports, but the worst phase appears to be behind as a weaker rupee, resilient services exports and strong remittance inflows are likely to cushion external sector pressures, according to a report by Elara Securities.

The Economic Times

Trump's interim Iran deal eases immediate crisis but leaves major hurdles ahead

A preliminary deal to end the Middle East war has been signed by the US and Iran. This agreement extends a ceasefire and reopens the Strait of Hormuz. Shippers, however, express caution, expecting weeks for confidence to return. Key issues like Iran's nuclear program remain for future talks.

The Economic Times

MG Motor ordered to refund Rs 18,23,228 SUV cost plus Rs 4 lakh compensation after Delhi man alleged steering & tyre faults during Uttarakhand trip

MG Motor ordered to refund: A Delhi consumer court ordered MG Motor India to refund over Rs 18 lakh for an MG ZS Astor, citing failure to address vehicle defects and honor warranty. The car owner experienced issues with TPMS and steering, culminating in an accident. MG Motor was also…

The Economic Times

Canada eases work permit rules for provincial nominee applicants awaiting permanent residency

Canada has implemented temporary measures allowing certain Provincial Nominee Program applicants and their spouses to obtain work permits sooner while awaiting permanent residence processing. These changes, effective until December 31, 2026, aim to prevent work authorization loss due to immigration document delays.

The Economic Times

Tamil Nadu government empowers CMDA to give planning permission for high-rise buildings

Chennai Metropolitan Development Authority now grants planning permissions for high-rise buildings. This streamlines approvals for projects in Chennai. Previously, a lengthy process involved multiple stages and government orders. The new directive simplifies this, speeding up clearances. This reform aims to boost urban development and ease of doing business in the…

The Economic Times

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IFCI shares rally 30% in 3 days, hit fresh record high amid buzz around NSE filing IPO papers by Thursday

Vedanta’s Rs 2 lakh crore demerger has sparked renewed interest in its aluminium and power businesses, prompting investors to reassess value creation opportunities. Market focus is shifting towards which segment offers stronger long-term growth, profitability, and sectoral tailwinds as the restructuring reshapes the company’s standalone business prospects and investor positioning.

The Economic Times

Top Slovakian award to PM honour for all Indians: Adityanath

Prime Minister Narendra Modi received Slovakia's highest national award, The Order of the White Double Cross. This recognition highlights India's growing global respect. Uttar Pradesh Chief Minister Yogi Adityanath and Deputy Chief Ministers Keshav Prasad Maurya and Brajesh Pathak expressed pride. The award marks Modi's 33rd international honour, acknowledging his…

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

FY27 earnings recovery key to next leg of market upmove: Rajeev Agrawal

Global markets are cautiously optimistic about a potential US-Iran agreement easing geopolitical risks and crude oil volatility. However, Indian equities remain restrained, with market experts emphasizing that earnings delivery, particularly for FY27, will be the key driver for future market movements, not just macro triggers.

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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

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

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

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…

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