facebook
SENSEX
NIFTY
GOLD
USD/INR

Weather

image 35    C

Economy

...

Airbus to inspect 16 Emirates, Qantas A380s after wing cracks found

Airbus on Tuesday said it would inspect 16 A380 planes, five of them immediately, after cracks were found in a key wing component on aircraft used by the Emirates and Qantas airlines. Of the 16 planes to be inspected, 15 are operated by Emirates and one by Qantas.

The Economic Times 24 Jun 2026 7:54 am

CA Inter Result May 2026: Date, time, how to check scorecard and other key details

Exciting news for aspiring Chartered Accountants! The Institute of Chartered Accountants of India (ICAI) is releasing the CA Intermediate May 2026 examination results today, June 24. Candidates can check their scores on the official ICAI websites by entering their registration and roll numbers. Successful candidates will advance to the next level of the CA course, while those seeking re-evaluation have options available.

The Economic Times 24 Jun 2026 7:39 am

US announces $17.5 billion in loans for nuclear power supply chain

The U.S. Department of Energy is offering $17.5 billion in conditional loans to bolster the domestic nuclear supply chain, aiming to accelerate the construction of new large-scale reactors. Seven utilities have already expressed interest in these loans, which will support Westinghouse reactors. This initiative seeks to overcome investment hurdles and boost U.S. electricity generation capacity.

The Economic Times 24 Jun 2026 7:33 am

Mumbai weather: Red alert in financial capital due to thunderstorms, rains; check forecast

Mumbai and Palghar are under a red alert for thunderstorms, intense rain, and strong winds as the southwest monsoon finally arrived, 13 days late. This much-needed downpour follows a prolonged heatwave. Despite heavy rainfall in several areas, city infrastructure like subways and train services remained operational, though some road congestion was reported. The monsoon's delayed onset is noted as significant, though not the longest on record.

The Economic Times 24 Jun 2026 7:26 am

Israel smuggled Starlink systems into Iran, former PM says

Former Israeli Prime Minister Naftali Bennett revealed he initiated smuggling Starlink receivers into Iran to aid anti-government protesters, aiming to ensure internet continuity. He criticized the current Israeli government for halting the plan, stating it left protesters without crucial infrastructure during unrest. Bennett urged regional nations to unite against Iran's government, predicting its eventual collapse.

The Economic Times 24 Jun 2026 7:26 am

Best quote of the day by Milton Friedman: The great danger to the consumer is the... A thought-provoking lesson on freedom, innovation, and human potential in a changing world

Milton Friedmans quote of the day: Milton Friedmans timeless insight goes far beyond economics. His words offer a powerful lesson about freedom, innovation, and human potential, revealing why choice, competition, and independent thinking remain essential for progress in a rapidly changing world.

The Economic Times 24 Jun 2026 7:02 am

Trump says he would 'cancel meetings' with Iran if they denies IAEA nuclear inspections

President Trump declared he would halt technical talks with Iran if nuclear inspections by the IAEA are denied, asserting Washington has secured assurances. He dismissed concerns, stating Iran has agreed in principle to inspections at the appropriate time. Trump also claimed significant progress in negotiations, highlighting Iran's weakened state and potential economic arrangements that could address humanitarian needs within the country.

The Economic Times 24 Jun 2026 7:01 am

Trump administration touts Iran deal as a payday for US farmers, but Iran denies it

A tentative US-Iran deal to end hostilities promises a financial boost for American farmers, with President Trump asserting frozen Iranian assets will fund US crop purchases. However, Iran disputes this, stating agricultural deals will be based on market terms, not US dictates. Sanctions experts are uncertain about the mechanism for such asset transfers, raising questions about the deal's specifics and Iran's autonomy over its unfrozen funds.

The Economic Times 24 Jun 2026 6:55 am

UN starts evacuation of 11,000 seafarers stranded in Strait of Hormuz after ceasefire

A major evacuation plan is now underway for over 11,000 seafarers aboard hundreds of ships stranded in the Gulf. Following a ceasefire deal between Iran and the U.S., the UN's International Maritime Organization is coordinating the phased departure through the Strait of Hormuz. Safety guarantees have been secured, with temporary routes established to navigate around current risks like floating mines. Vessels will be contacted individually for their transit day.

The Economic Times 24 Jun 2026 6:42 am

NBA Draft 2026 picks, results: Full list of players picked by New York Knicks, Washington Wizards, Utah Jazz, Memphis Grizzlies, Chicago Bulls, Los Angeles Clippers

NBA Draft 2026 is happening on Tuesday as NBA teams are looking to bolster their side.

The Economic Times 24 Jun 2026 6:37 am

'All-time record, Strait totally open': Trump says 19 million barrels of oil exited Hormuz on Monday

President Trump announced unprecedented maritime activity in the Strait of Hormuz following a new diplomatic understanding with Iran. He claimed record oil flow and asserted that oil prices are falling, making the world safer. The US also aims to permanently block Iran's path to nuclear weapons, while regional stability remains a priority. Economic embargoes on Iranian crude have been paused, with Iran permitting UN inspectors' re-entry.

The Economic Times 24 Jun 2026 6:34 am

'We are very, very close': US Deputy Assistant Secretary on India-US trade deal

India and the US are nearing a significant trade agreement, with Washington expressing optimism about concluding the deal soon. This historic pact aims to open India's vast market to American goods on mutually beneficial terms, supporting the Mission 500 goal of $500 billion in bilateral trade by 2030. Recent trade figures show a substantial increase, with Indian investment in the US also growing.

The Economic Times 24 Jun 2026 6:25 am

South Carolina, New York, Maryland, Utah primary elections results: Polls closed in 4 states, who is winning and who is losing

South Carolina Attorney General Alan Wilson won a runoff election on Tuesday, swiftly routing the candidate initially endorsed by President Donald Trump to be the Republican nominee for governor.

The Economic Times 24 Jun 2026 6:22 am

Rubio arrives in UAE with aim to head off Gulf Arab unease over tentative Iran deal

US Secretary of State Marco Rubio is in the UAE to address concerns over a new Iran deal. The agreement, brokered by Vice President JD Vance, aims to end regional hostilities and reopen the Strait of Hormuz. Rubio emphasized that Iran's leadership must choose to be a nation, not a terror exporter, for a $300 billion investment fund to materialize.

The Economic Times 24 Jun 2026 6:21 am

Is Gen Z too soft for the modern workplace? Here's why 'friction-maxxing' is essential for workplace skills

Gen Z, embrace workplace friction for career growth. The article argues that technology has removed essential discomfort, hindering crucial skills like conflict resolution and active listening. Practicing these 'durable skills' through everyday interactions, like making phone calls or engaging in difficult conversations, is vital for success as AI automates technical tasks. Colleges are now incorporating this practice, highlighting its importance for future professionals.

The Economic Times 24 Jun 2026 5:52 am

Health care fraud: Medicare fraud worth over $6.5 billion exposed as Justice Department announces criminal charges against 455 people

Healthcare fraud has been a long-running Justice Department priority and news conferences announcing roundups and crackdowns have been common occurrences across the years.

The Economic Times 24 Jun 2026 5:45 am

He failed class 9 then became DU topper. Today, he is a top filmmaker in Bollywood, brain behind two iconic Ranbir Kapoor films

Failing Class 9 didn't deter Imtiaz Ali from his dreams. This celebrated filmmaker, once struggling with studies, discovered his passion for storytelling through theatre at Delhi University. After a television career, his directorial journey began with a cult hit, leading to iconic films like 'Jab We Met' and 'Rockstar'. His latest, 'Main Vaapas Aunga', explores a poignant love story amidst the 1947 Partition.

The Economic Times 24 Jun 2026 5:42 am

Akshay Kumars co-star is fitter than ever at 78. He shares his secret: I avoid.

At 78, Danny Denzongpa credits his youthful vigor to a disciplined lifestyle. He champions home-cooked meals, often featuring his beloved Sikkim spices, and prioritizes fresh, local food over elaborate catering. An anecdote with Jackie Shroff highlights his simple culinary approach, even incorporating unexpected ingredients like green apples. Akshay Kumar and Leo Babauta have also lauded Denzongpa's commitment to fitness and natural eating, underscoring his enduring well-being.

The Economic Times 24 Jun 2026 5:38 am

Air India: As Campbell Wilson readies for departure, N Chandrasekaran enters the cockpit

Chandrasekaran has called for closer coordination across the airlines departments. Key divisions such as flight operations, commercial strategy and finance have been directed to submit weekly progress reports directly to the chairman, according to people familiar with the matter. The aim is to ensure stability until the appointment of a new CEO, they said.

The Economic Times 24 Jun 2026 5:30 am

Chinese proverb of the day: 'A Single Conversation with a Wise Man Is Worth a Months Study of Books' teaches how to learn life lesson in today's social media oriented era

Chinese proverb of the day remains highly relevant in the age of Generation Z. While modern technology provides unlimited access to information, wisdom is still best gained through meaningful human interaction. Conversations with mentors, teachers, parents, and experienced individuals offer valuable insights that cannot always be found in books or online resources. The proverb reminds Gen-Z that true learning involves not only acquiring knowledge but also seeking wisdom, understanding, and perspective. In a world overflowing with information, the guidance of a wise person remains one of the most valuable resources for personal growth and success.

The Economic Times 24 Jun 2026 5:20 am

Quote of the Day by American psychologist John B. Watson: 'There are for us no instincts...'- Life lessons on habit formation, human potential, personal growth by the Behaviorism pioneer

Pioneering psychologist John B. Watson asserted that human behavior is largely learned, not innate. His foundational work in behaviorism challenged the concept of instincts, proposing that habits and tendencies stem from training and environmental influences. This perspective empowers individuals, suggesting that perceived limitations can be overcome through new experiences and deliberate practice, a vital lesson for personal growth and change.

The Economic Times 24 Jun 2026 4:02 am

Savannah Guthrie's emotional on-air plea as new ransom note details emerge in mother Nancy Guthrie's case- here's what the TODAY cohost said

NBC journalist Savannah Guthrie made an emotional on-air plea for help after new details emerged regarding her mother Nancy Guthrie's January disappearance. A ransom note, demanding $6 million in cryptocurrency, was sent to media outlets. Investigators believe Nancy Guthrie may have died unintentionally shortly after being kidnapped. The family is offering a $1 million reward for information, urging anyone with even slight details to come forward anonymously.

The Economic Times 24 Jun 2026 2:52 am

Psychology says people who call the guy for even a small thing to be done at home aren't lazy: What this behaviour may really mean?

Psychology says people who call the guy for even a small thing to be done at home aren't always avoiding work. Psychology explains that this behaviour can be linked to decision-making, confidence, learned habits, convenience, time management, and personal priorities. While some people prefer to complete household tasks themselves, others choose outside help for different reasons. Understanding the reasons behind this behaviour can help people avoid making quick judgments.

The Economic Times 24 Jun 2026 2:31 am

Stoic Thought of the Day: 'It is in no man's power to have whatever he wants...'- thought-provoking lessons on contentment, resilience, inner peace, and stoic wisdom by the Stoic philosopher

Ancient philosopher Seneca offers a timeless lesson on happiness: true contentment isn't about acquiring everything you desire, but about appreciating what you already have. In today's world of constant comparison, his wisdom highlights that peace stems from managing expectations and finding joy in the present. This Stoic approach shifts focus from external acquisition to internal attitude, fostering resilience and lasting satisfaction.

The Economic Times 24 Jun 2026 1:58 am

Psychology says people who save numbers of some people with various kinds of names aren't always trying to hide something: What this behavior may reveal?

Psychology says people who save numbers of some people with various kinds of names aren't always acting with bad intentions. The way people label contacts can reflect memory, emotions, habits, relationships, or personal organization. Psychology explains that this behavior may have different meanings depending on the situation. Understanding the reasons behind it can help people avoid quick judgments and improve communication with family, friends, and colleagues.

The Economic Times 24 Jun 2026 1:55 am

Best proverb of the day: 'Spilt water wont go back into its...' - this Japanese saying teaches intriguing life lessons on irreversible choices and lasting consequences and why you cant undo actions once they are done

Best proverb of the day: Life's rapid pace often leads to hasty decisions and spoken words with lasting consequences. A Japanese proverb illustrates that actions, once taken, cannot be fully undone. This wisdom encourages mindful reflection before speaking or acting, reminding us that while past mistakes are irreversible.

The Economic Times 24 Jun 2026 1:43 am

Akasa Air plans to hike capacity by 30%

Akasa Air is charting an ambitious course, targeting a significant 30% capacity expansion by fiscal year 2027. Despite global uncertainties, the airline's long-term vision remains steadfast. Currently operating 39 Boeing 737 MAX aircraft, Akasa Air dedicates a quarter of its capacity to international routes. The airline also reported a robust 37% surge in operating revenue for the 2025-26 fiscal year, signaling strong growth momentum.

The Economic Times 24 Jun 2026 1:26 am

National realty companies expand base in NCR, target affluent clients

National real estate developers are making significant inroads into Delhi-NCR's residential market, traditionally led by local firms. Homebuyers' preference for branded properties is fueling this shift. National players' share of new supply surged from 3% in 2022 to over 13% by the end of 2025, marking a substantial increase and indicating a growing institutionalized property landscape.

The Economic Times 24 Jun 2026 1:24 am

Tourism sector can create 100 million more jobs by 2047: FAITH

India's tourism sector is set for a massive job surge, potentially creating 100 million direct jobs by 2047. Industry leaders emphasize the critical need for enhanced international marketing to attract more foreign visitors, highlighting India's vast untapped potential despite its rich cultural and natural attractions. Significant economic growth and infrastructure development are supporting this optimistic outlook.

The Economic Times 24 Jun 2026 1:20 am

Tata Power's Mundra thermal plant to continue operations till Sept 30 under Centre's directions

Tata Power's Mundra thermal plant will continue supplying electricity for three more months until September 30, following an extension of special operating directives from the Centre. This move aims to prevent power shortages during the summer's peak demand. The plant, which had previously suspended operations due to losses, resumed full capacity in April and is crucial for supplying power to several northern and western states.

The Economic Times 24 Jun 2026 1:17 am

Honasa Consumer to buy 58% stake in Fluence Pharma at Rs 135-crore enterprise value

Mamaearth's parent company, Honasa Consumer, is acquiring a majority stake in nutraceuticals brand Fluence Pharma for 135 crore. This strategic move, Honasa's second acquisition in under a year, signals a growing trend of consolidation in the beauty and personal care sector. Honasa aims to integrate science-backed skincare with nutraceuticals, addressing consumer demand for holistic wellness solutions. Fluence Pharma will become the ninth brand under Honasa's umbrella.

The Economic Times 24 Jun 2026 1:16 am

Indian pharma firms gear up to supply key cancer drug to US

Indian drugmakers are stepping up to help the US combat a critical shortage of ifosfamide injection, a vital chemotherapy drug. Leading companies like Zydus, Cipla, Alkem, and Aurobindo Pharma are in discussions to supply the medicine. The US FDA has reached out to Indian pharmaceutical bodies, seeking manufacturers capable of producing the drug in various strengths to ensure availability for cancer patients.

The Economic Times 24 Jun 2026 1:16 am

India-US trade talks gather pace as tariff clock ticks

India and the US are pushing for an interim trade pact, with high-level talks led by Piyush Goyal and Jamieson Greer aiming for a deal before July 24. Both nations emphasize a win-win partnership, with India seeking lower tariffs and better market access. Discussions focused on advancing negotiations for a balanced and mutually beneficial agreement, building on a February joint statement.

The Economic Times 24 Jun 2026 1:12 am

Evident distress: On a war, Index of Eight Core Industries data, indicators

Stress from the West Asia crisis has revealed economic pain

The Hindu 24 Jun 2026 1:12 am

Satcom firms flag omission of GMPCS in DoT's draft spectrum allocation rules

Satellite communication firms are concerned over the exclusion of Global Mobile Personal Communications Service (GMPCS) providers from draft rules for administrative spectrum allocation. The Broadband India Forum highlighted this omission, stating it contradicts the Telecommunications Act. While the rules cover various satellite services, GMPCS, explicitly mentioned in the Act for administrative assignment, is missing, creating industry uncertainty. Consultation on the draft rules is ongoing.

The Economic Times 24 Jun 2026 1:09 am

NITI Aayog proposes pharma chapter for future FTAs, urges India to move up value chain

Niti Aayog proposes a blueprint for free trade agreements to boost regulatory predictability in India's pharmaceutical sector. The think tank urges a shift towards high-value segments, emphasizing enhanced industry-academia collaboration for patent commercialization and startup incubation. While India is the 'pharmacy of the world,' it needs to move up the value chain by focusing on deeptech innovation to become a capital for pharma innovation.

The Economic Times 24 Jun 2026 1:03 am

India's private sector growth slows to three-month low in June as demand weakens, costs rise: HSBC PMI

India's private sector experienced a slowdown in June, reaching a three-month low as rising costs and softening demand impacted business. The composite PMI dipped to 57.4. While manufacturing output growth eased, both manufacturing and services PMIs saw declines. Despite this, businesses remain hopeful for future output, though overall confidence has weakened, with manufacturers showing the lowest sentiment in nearly four years.

The Economic Times 24 Jun 2026 1:03 am

Quote of the day by John Denver: 'Perhaps love is like a resting place, a shelter from the storm..' ; American folk singer's hit song teaches us that true love is all about healing

John Denver's timeless lyrics from 'Perhaps Love' reveal love as a profound sanctuary, offering solace and warmth during life's storms. More than fleeting passion, it's a steadfast refuge providing strength and comfort, especially in times of loneliness and hardship. Denver, a celebrated 70s folk icon, masterfully captured this enduring essence of love, reminding us of its power to heal and guide us home.

The Economic Times 24 Jun 2026 12:59 am

AI will amplify, not replace companies that adapt fast: Nandan Nilekani

Infosys is aggressively pursuing the AI-first services market, projecting a $300-400 billion opportunity by 2030. Chairman Nandan Nilekani emphasized AI will amplify, not replace, IT services, with 90% of top clients already engaged in AI initiatives. CEO Salil Parekh confirmed 5.5% of FY26 revenue, around $1 billion, came from AI services, experiencing rapid growth. Management highlighted AI's positive impact on margins and future growth potential.

The Economic Times 24 Jun 2026 12:56 am

India to resume train coach exports to Bangladesh, first shipment since Sheikh Hasina's ouster likely in July

India is set to export a train rake of up to 20 coaches to Bangladesh next month, marking a significant resumption of trade. This shipment, manufactured at the Rail Coach Factory in Kapurthala, is part of a larger contract for 200 broad-gauge passenger coaches funded by the European Investment Bank. Despite a political delay, the project is now back on track, with RITES overseeing the supply, commissioning, and warranty.

The Economic Times 24 Jun 2026 12:55 am

CII president R Mukundan projects 7% growth for India, seeks GST Council-like body to drive reforms

India's economy is projected to grow around 7% this fiscal year, with most businesses finding growth avenues despite global cost pressures. The new CII president, R Mukundan, advocates for a GST Council-like body to drive crucial reforms across sectors like agriculture and land. He also emphasized strategic technology infusion from China, particularly in battery storage, and expanding production-linked incentives for local manufacturing.

The Economic Times 24 Jun 2026 12:55 am

ONGC in talks to acquire PDVSA stakes in two Venezuela oilfields

India's ONGC is in talks with Venezuela's PDVSA to acquire stakes in two oilfields, San Cristobal and Carabobo. This move hinges on ONGC securing a crucial US license to operate, a requirement following US oversight of Venezuela's oil sector. The company aims for greater operational control, potentially boosting production and recovering stuck dividends. International majors have already received similar approvals.

The Economic Times 24 Jun 2026 12:50 am

India 13th in QS Future Skills Index 2027

India has built formidable scale over the past decade, supported by rapid economic growth, a large pool of graduates and the world's largest IT workforce, according to global higher education expert Quacquarelli Symonds. The country scored 89.4 out of 100, with particularly strong performances in Future of Work readiness, where it ranked fifth globally and Economic Transformation, where it placed 14t

The Economic Times 24 Jun 2026 12:50 am

Quote of the day by father of humanistic psychology Abraham Maslow on self-awareness: 'What is necessary to change a person is to change his...' - insightful life lessons on why understanding yourself is the first step to growth

Quote of the day by Abraham Maslow: Abraham Maslow emphasized that genuine personal transformation stems from within, not external actions. He believed that understanding one's self, thoughts, beliefs, and self-perception is crucial for lasting change.

The Economic Times 24 Jun 2026 12:49 am

I will slap him, say sorry for abusing...: Influencer confronts Bangladeshi waiter for alleged derogatory remarks about India at Italian restaurant, watch viral video

An Indian influencer, Khushi Dubey, has gone viral after a heated confrontation with a Bangladeshi waiter at an Italian restaurant. The dispute, initially over a bill, escalated when the waiter allegedly made derogatory remarks about India. The incident, captured on video, saw the group demanding an apology from the waiter in front of Italian police, sparking a divided online debate about patriotism and cultural respect.

The Economic Times 24 Jun 2026 12:47 am

Banks draw up cyber defence strategies to tackle AI risks

Indian banks are bolstering cybersecurity with a four-pillar strategy against advanced AI threats. Focusing on code and identity protection, AI-driven threat detection, micro-segmentation, and zero-trust architecture, lenders aim to counter AI models that can autonomously find software flaws. Plans submitted to the RBI emphasize greater control over critical software and enhanced protection of digital keys and identities, preparing for a new era of cyber risks.

The Economic Times 24 Jun 2026 12:30 am

India ranks 13th globally in QS World Future Skills Index 2027, emerges as a leading AI-ready economy

India ranks 13th globally in the QS World Future Skills Index 2027, highlighting its strong readiness for an AI-driven economy. The country excels in Future of Work readiness, ranking fifth worldwide, supported by its vast digital workforce and economic growth. However, the report identifies significant skills gaps and graduate quality challenges that could hinder long-term competitiveness. QS recommends strengthening higher education, expanding industry-aligned skills development, and accelerating AI, digital, and green talent creation to sustain growth.

The Times of India 24 Jun 2026 12:30 am

ITC bulking up with products rich in protein and fibre: Sanjiv Puri

India is also a protein-deficient market. We already have offerings such as high-protein atta, soya chunks and protein shakes, and we will continue to expand this portfolio, said Puri, who added that he shed around six kilograms recently and now sticks largely to home-cooked meals, even carrying them on long-haul flights.

The Economic Times 24 Jun 2026 12:29 am

Banking liquidity slips into deficit on tax outflows

Banking system liquidity slipped into deficit for the first time in three months, falling to 19,971 crore on Monday from a surplus of 30,685 crore a day earlier, mainly due to advance tax outflows.

The Economic Times 24 Jun 2026 12:21 am

Economy in Play: FIFA World Cup 2026 & Future of Global Sports

The FIFA World Cup 2026 may be viewed not simply as a tournament, but as a window into the future structure of economic activity itself For generations, football has been described as the most popular sport on major part of this planet. As we witness the FIFA World Cup 2026, jointly hosted by the United States, Canada and Mexico, the attention of fans revolves around towards star players, tactical battles and championship ambitions. But beneath the excitement lies a far larger storyone concerning jobs, investment, innovation, tourism, media, public revenues and social value. Global sports events like the football World Cup are increasingly becoming an economic phenomenon, a global marketplace, a technology platform, a tourism accelerator, and a branding exercise. A recent report released by the World Economic Forum (WEF) highlights this story within a broader global context and suggests that sports are becoming an increasingly significant component of the emerging global economy, one that intersects with several of the industries that are expected to drive growth in the coming decades. The FIFA World Cup 2026 may therefore be viewed not simply as a tournament, but as a window into the future structure of economic activity itself. According to the World Economic Forum's report Growth in the New Economy: Towards a Blueprint (2026), the industries that are expected to contribute most significantly to global growth between 2025 and 2030 include the IT services, advanced manufacturing, medical and healthcare services, accommodation and leisure services, and agriculture, forestry and fishing. At first glance, football or any other sports appear absent from the above list; however, a deeper insight tells a different story with a strong correlation of the modern sports industry with most of these listed growth sectors. In this context, it is obvious that tourism and hospitality are directly linked to major sporting events, and the digital transformation of sports heavily relies on IT services. Similarly, as the areas of stadium construction and infrastructure upgrades largely depend upon advanced manufacturing, yet the athlete performance and fan well-being are felt to be increasingly intersecting with healthcare innovation. Even agriculture, which apparently seems less involved directly with the event, contributes through food supply chains serving millions of visitors. Modern sport is therefore not a standalone economic island; it is an intersection point where multiple growth industries converge. The World Cup exemplifies this convergence more dramatically than perhaps any other recurring global event. The World Economic Forum's analysis of the Sports Economy presents a compelling framework to understand things in real perspective. At its centre lies a broad ecosystem extending far beyond competitive matches. The core includes professional and elite sport, participatory sport and physical activity, sports tourism, and sporting goods. Around these are connected industries such as broadcasting and streaming, gaming, nutrition, sports services, wearable technologies and research institutions. This entire system is surrounded and held in place by governments, investors, local communities, indigenous populations, philanthropic organisations, and the wider private sector. This typical layered structure reveals an important reality that every major sporting event, like the football World Cup, creates an economic activity with far-reaching effects beyond the stadium gates. The modern sporting ecosystem consists of diverse contribution components ranging from a tourist travelling for the tournament supporting airlines, hotels and restaurants to a football fan watching a match on a streaming platform contributing to digital revenues. Similarly, among the other components, a company developing wearable fitness technology participates in the sports value chain while the Governments investing in transport and other infrastructure become the key economic partners for the event. Even Universities distantly conducting sports science research somehow become stakeholders with their knowledge and technical inputs. The boundaries between sport and economy in the present global world have become increasingly difficult to distinguish. Sports are increasingly becoming a platform through which technology companies, healthcare firms, tourism operators, media organisations, and investors pursue growth opportunities. Perhaps the most striking finding in the World Economic Forums analysis quoted above is the projected growth trajectory of the global sports economy. It estimates the global revenue pool associated with sports as $2.3 trillion in 2025 and is projected to reach $3.7 trillion by 2030, with an annual growth rate exceeding 10%. The report further suggests that the projected figure could rise to about $8.8 trillion by 2050, on conservative estimates. Such numbers challenge conventional perceptions of sport being seen merely as an entertainment. An economy approaching nine (9) trillion dollars would rival the size of some of the world's largest national economies. The implications are profound as it would represent or potentially represent a substantial share of global consumption, employment, innovation and investment activity. In many respects, the football stadium has become a marketplace as important as the global shopping mall or financial area of wider economic activity. The economic projections associated with the current FIFA World Cup 2026 illustrate this dynamic vividly. According to impact assessments officially cited by the World FIFA organisation, the tournament this time is expected to generate 6.5 million attendees, $13.9 billion in event-related expenditure, $80.1 billion in gross economic output, 824,000 full-time equivalent jobs, $9.4 billion in government revenue and $8.28 billion in estimated social benefits. These figures reveal the multiplier effect characteristic of any major sporting event. The initial spending by visitors does not simply disappear after a ticket purchase but continues to circulate through hotels, transport systems, restaurants, retail businesses, local suppliers, media organisations, and other service providers. As the World Economic Forum identifies accommodation, food and leisure services among the major contributors to future economic growth via sports, the tourism and hospitality sectors are likely to experience the most visible benefit in such a case. Besides, the positive fan experience can translate into repeat visits, investment interest and stronger international branding. The final score may be forgotten, but the memory of a destination often endures. Football's future (or any other global sport) is increasingly digital with streaming platforms, artificial intelligence, data analytics, gaming, wearable devices and fan engagement technologies becoming central to modern sports. This is where the sports economy intersects directly with the WEF's identification of IT services as the leading driver of global growth. The modern fan no longer experiences the World Cup solely through television but consumes a lot of data on mobile devices, engages through social media, participates in fantasy competitions, purchases digital content and interacts with real-time statistics. Every above interaction generates an economic value wherein technology firms and other related entities have the opportunity to showcase innovations at an unprecedented scale alongside the display of different emerging digital business models. One of the most noteworthy aspects of contemporary economic analysis is footballs growing recognition that value extends beyond financial transactions. FIFA assesses the social benefits worth $8.28 billion from the World Cup 2025 at a 3.64 value of social return on investment through areas like community engagement, social cohesion, physical activity promotion, civic pride and other broader societal outcomes. The conventional accounting often struggles to capture these social parameters, and events such as the World Cup remind us that societies also generate value through shared experiences, cultural exchange and collective identity. When millions of people from diverse backgrounds across the globe celebrate a common passion, something economically significant occurs even if it never appears on a routine balance sheet. The challenge for modern economics and economists is learning how to measure it. Having said all this, the World Cup is thus no longer only about who wins the trophy but more about understanding how the world's most popular game has become one of the most powerful economic engines for global growth and development. (The Author is Associate Prof. SKUAST-Kashmir)

RisingKashmir 24 Jun 2026 12:16 am

Quote of the day by psychologist and social cognitive theory pioneer Albert Bandura on self-belief: 'People who believe they have the power to exercise some measure of control over their lives are...' - life lesson on why your beliefs can shape your future

Quote of the Day by Albert Bandura: Psychologist Albert Bandura emphasized that believing in one's ability to control life's trajectory significantly boosts health, effectiveness, and success. This self-efficacy fuels motivation, resilience, and optimism, enabling individuals to navigate challenges and pursue goals.

The Economic Times 24 Jun 2026 12:05 am

Ethanol blending programme safe, use of E20 won't affect vehicle insurance validity: Govt

India's ethanol blending program is safe and beneficial, the government assures, dispelling fears about E20 fuel invalidating vehicle insurance. This globally accepted practice, seen in countries like Brazil, has saved India over Rs 1.4 lakh crore in foreign exchange and boosted farmers' incomes. The initiative enhances energy security, cuts emissions, and supports cleaner mobility, with the government committed to its safe and transparent implementation.

The Economic Times 24 Jun 2026 12:04 am

Congress MP Mukul Wasnik succeeds Digvijaya Singh as chair of key parliamentary panel

Congress MP Mukul Wasnik has taken over as the chairman of the Parliamentary Standing Committee on Education, Women, Children, Youth and Sports. This appointment follows the retirement of Digvijaya Singh, whose Rajya Sabha term concluded on June 21. Wasnik's new role commenced on June 22, as confirmed by a Rajya Sabha secretariat notification, marking a significant transition in the committee's leadership.

The Economic Times 24 Jun 2026 12:01 am

In supercomputer marathon, China tops US; but AI-high? No

China's LineShine supercomputer has topped the global TOP500 list, utilizing domestically produced chips. However, experts suggest this achievement highlights China's drive for self-sufficiency rather than a definitive lead in AI computing. While LineShine secured the top spot, it ranked lower on AI-specific benchmarks, indicating the evolving landscape of high-performance computing beyond traditional scientific simulations.

The Economic Times 24 Jun 2026 12:00 am

Wednesday Quote of the Day by Cristiano Ronaldo: I don't have to worry what others think. I talk when I want to. Everybody knows who I am, what I believe in. Football legend's message on confidence, identity, and ignoring noise

Quote of the Day: Cristiano Ronaldo's powerful message on self-belief is resonating widely, especially mid-week when motivation often wanes. The football icon's unwavering stance, I don't have to worry what others think. I talk when I want to. Everybody knows who I am, what I believe in, emphasizes the importance of internal validation over external opinions.

The Economic Times 23 Jun 2026 11:59 pm

FIFA World Cup 2026: Donald Trump to attend final, present World Cup trophy

FIFA President Gianni Infantino revealed plans for President Donald Trump to join him in presenting the World Cup Final trophy on July 19 in East Rutherford, New Jersey. Infantino confirmed their joint appearance, stating, We are together all the time. Trump previously participated in a trophy ceremony at last year's Club World Cup final at the same venue.

The Economic Times 23 Jun 2026 11:56 pm

Quote of the day by American psychologist Carol Dweck: 'Test scores and measures of achievement tell you where a student is, but they dont tell you...'- life lessons on growth mindset, learning, success, and human potential

Renowned psychologist Carol Dweck's growth mindset theory emphasizes that abilities aren't fixed. Her quote, Test scores tell you where a student is, but they dont tell you where a student could end up, highlights that current achievements don't define future potential. Dweck's work suggests that embracing challenges and learning from mistakes fosters continuous improvement, unlocking human potential beyond mere performance metrics.

The Economic Times 23 Jun 2026 11:48 pm

Psychology says people who always quote movie dialogues may not be showing off, their brains could be using films as emotional shortcuts

Why do some people constantly quote movie dialogues in everyday conversations? Psychology suggests it may be linked to emotional memory, social bonding, identity formation and storytelling.

The Economic Times 23 Jun 2026 11:39 pm

NSA Ajit Doval meets Russian counterpart Sergei Shoigu, discusses bilateral ties

National Security Advisor Ajit Doval held discussions with Russia's Secretary of the Security Council, Sergei Shoigu, in New Delhi. The meeting, held on the sidelines of the BRICS NSAs gathering, focused on strengthening cooperation within the BRICS framework and reviewing advancements in bilateral ties. Both nations explored proposals and reaffirmed their commitment to the Special and Privileged Strategic Partnership.

The Economic Times 23 Jun 2026 11:38 pm

US visa rejected: Did you watch the FIFA match? and Why do you want to travel to New York? how simple questions led to interview rejections at Delhi consulate

A viral Reddit post detailing US visa interview experiences at the Delhi Consulate reveals that weak or unconvincing answers, not just documentation, can lead to rejections. Examples include a sports fan who hadn't watched any matches and a traveler citing a city's fame as their sole reason. The author's own successful interview, however, highlighted clarity of purpose, confidence, and a well-documented travel history as key factors.

The Economic Times 23 Jun 2026 11:33 pm

Psychology says people who hate surprises aren't boring, they may be built to protect themselves from uncertainty

Why do some people dislike surprise parties, unexpected plans, or sudden changes? Psychology reveals how uncertainty, emotional regulation and brain prediction systems may explain the behavior.

The Economic Times 23 Jun 2026 10:57 pm

ITR filing 2026: Have foreign assets or income? Not reporting them may cost you 10 lakh

Indian taxpayers must disclose foreign income and assets in their income tax return each year to avoid penalties up to 10 lakhs. Deadline to report foreign assets, importance of such a disclosure among other details explained here.

Livemint 23 Jun 2026 10:51 pm

UAE Lottery Results Today (26-06-23): Pick 3 & Pick 4 winning numbers declared; check latest draw results

UAE Lottery Results: Excitement is high as the UAE Lottery has unveiled the latest Pick 3 and Pick 4 winning numbers. Participants across the region are now verifying their tickets against the officially announced digits following the evening draw. These daily number-based games offer cash prizes for exact matches and other eligible patterns, with winners undergoing official verification. The lottery continues to attract significant interest with its daily draws.

The Economic Times 23 Jun 2026 10:49 pm

Nikhil Kamath reveals his 3 top investment theme as Middle East tensions shake markets, Looks cheap today, but

Energy transition has become a key investment theme for Nikhil Kamath, co-founder of Zerodha Broking Ltd., as the US-Iran war reinforces the sectors importance and creates opportunities across its value chain.

Livemint 23 Jun 2026 10:44 pm

Shopify to ban vapes as US authorities crack down on illegal e-cigarettes industry

Shopify is poised to ban all vape sales from its platform this week, responding to pressure from U.S. state attorneys general. This move targets the booming market for illegal e-cigarettes, which lack required licenses and pose public health risks. The ban, expected to impact online sales significantly, aims to curb the proliferation of unlicensed vapes, a market worth billions.

The Economic Times 23 Jun 2026 10:41 pm

Vegetable inflation soars, likely to go up further

Experts now warn that a projected below-normal monsoon could drive vegetable prices even higher

The Hindu Businessline 23 Jun 2026 10:30 pm

Andhra Cabinet raises retirement age for PSUs; restores Old Pension Schemes for 11,000 employees

Andhra Pradesh employees in state PSUs, Gurukul schools, and welfare societies will now retire at 62, matching state government staff. Additionally, around 11,000 employees appointed before September 2004 will transition from the Contributory Pension Scheme to the Old Pension Scheme. This move aims to enhance post-retirement financial and social security for these workers, with Chief Minister N. Chandrababu Naidu assuring support for employee interests.

The Economic Times 23 Jun 2026 10:28 pm

Psychology says people who always wear shoes wherever they go may not be obsessed with fashion but driven by an unexpected need for control and comfort

Why do some people always wear shoes, even inside the house? Psychology suggests the habit may be linked to preparedness, cognitive comfort, personal boundaries and feelings of control.

The Economic Times 23 Jun 2026 10:24 pm

Global oil flows increasing gradually after interim peace deal though risk premiums stay elevated: S&P Analysts

According to analysts at S&P, there would be gradual easing with respect to insurance costs and vessel transits too would pick up gradually.

The Hindu 23 Jun 2026 10:23 pm

India prepares contingency plans for 315 districts as monsoon falters

India is implementing contingency plans for over 300 vulnerable districts facing a potentially weak monsoon. With rains currently 43% below average and a forecast for continued weakness, the government is urging farmers to adopt short-duration, water-efficient crops. Preparations include repairing water-harvesting structures to mitigate the impact on crucial summer-sown crops and rural incomes.

The Economic Times 23 Jun 2026 10:19 pm

VOC Port launches PortGPT app, becomes Indias first major port to deploy enterprise AI

The event also featured an IIM Calcutta case study release and an MoU with Gati Shakti Vishwavidyalaya to boost maritime research, innovation and skill development

The Hindu Businessline 23 Jun 2026 10:13 pm

India-US trade talks begin amid farmers concerns over agriculture market

Farm groups cite February trade framework and repeated US calls for greater access for American farm products; Goyal has maintained sensitive sectors are protected

The Hindu Businessline 23 Jun 2026 10:12 pm

Did Trisha unfollow Tamil Nadu CM Vijay? Actresss latest update shares the truth: To the person who

Actress Trisha Krishnan has dispelled rumors of a falling out with Tamil Nadu CM Vijay by sharing a heartwarming birthday post. The Leo star posted an emotional picture from Vijay's late-night birthday celebration, showing them both beaming. This gesture directly addresses recent speculation about unfollowing on social media and their rumored relationship, which has been fueled by their frequent public appearances and successful on-screen collaborations.

The Economic Times 23 Jun 2026 10:10 pm

Best Proverb of the Day: Everything is good when new, but friends when Life lessons on friendship, trust, loyalty, experiences and why a friend in need is a friend indeed

Best Proverb of the Day highlights the meaning of Everything is good when new, but friends when old. The saying reflects the enduring value of friendship, trust, and long-term human connections. It suggests that while people are naturally attracted to new possessions, experiences, and opportunities, friendships often become more meaningful as they grow older. Over time, shared memories, mutual understanding, and proven loyalty strengthen relationships in ways that novelty cannot.

The Economic Times 23 Jun 2026 9:59 pm

Tata Motors to invest up to Rs 40,000 crore by FY31

Tata Motors is set to invest up to Rs 40,000 crore over five years, aiming to nearly double its passenger vehicle capacity and introduce new models. The company targets a 20% domestic market share by FY31, with electric and CNG vehicles driving significant growth. This ambitious plan includes expanding its EV lineup and enhancing battery technology to address adoption barriers, positioning Tata Motors for a multi-powertrain future.

The Economic Times 23 Jun 2026 9:57 pm

In touch with Qatari authorities to bring back mortal remains of Indians killed in explosion: MEA

Tragedy struck Qatar's Ras Laffan gas field as an explosion claimed the lives of 12 Indian nationals, with 66 others injured. India's Ministry of External Affairs is actively coordinating with Qatari authorities for the identification and repatriation of the deceased. The Indian Embassy in Doha is providing all possible assistance to affected families, ensuring swift arrangements for the mortal remains.

The Economic Times 23 Jun 2026 9:51 pm

Ex-banker quits corporate job, turns to chemical-free zero-budget farming; builds Rs 21 crore agriculture empire across 650 acres in Andhra, empowers 3,000 rural women

A former banker, Amith Kishan, transformed his life by establishing Hebbevu Farms in Andhra Pradesh, a 650-acre natural farming enterprise. Shunning chemicals and tractors, the farm thrives on indigenous practices, powered by 700 cows and bulls. This initiative not only produces diverse crops and dairy but also provides employment to over 3,000 rural women, fostering a sustainable ecosystem and a quiet economic revolution.

The Economic Times 23 Jun 2026 9:51 pm