SENSEX
NIFTY
GOLD
USD/INR

Weather

image 40    C

Company News

The Economic Times

Company / The Economic Times

'Iran does not control the strait': Trump, US military say Hormuz is open, 'traffic is flowing'

Iran war news: US military and President Trump said the Strait of Hormuz remains open. Iranian claims of closing the vital shipping route are being challenged by US CENTCOM. Traffic continues to flow through the passageway as concerns over safety rise. Washington and Tehran are currently engaged in a series of escalating attacks. US forces are positioned and prepared to maintain the strait as an international waterway.

12 Jul 2026 7:32 pm
Gaza health officials say Israeli strike, gunfire kill five

An Israeli drone strike killed four people in Gaza City on Sunday. Machinegun fire from Israel killed a girl in a refugee camp. These incidents occurred despite an ongoing ceasefire between Israel and Hamas. Efforts to secure a lasting agreement to end the war have stalled. Violence continues in Gaza, with significant Palestinian casualties reported.

12 Jul 2026 7:27 pm
US attacks Iran over ship being hit in Hormuz; Tehran responds by hitting Arab states

The United States attacked Iran after an Iranian strike damaged a container ship in the Strait of Hormuz. Iran retaliated by targeting several Middle Eastern countries hosting US forces. This exchange of fire has endangered ongoing ceasefire negotiations between the two nations. The Strait of Hormuz remains a critical transit route for global energy supplies. Both sides continue to engage in military actions, impacting regional stability.

12 Jul 2026 7:23 pm
This team never stops believing: Messi hails Argentina after FIFA World Cup 2026 semi-final berth

Argentina secured a World Cup semi-final spot after a tough match. Lionel Messi celebrated the team's resilience and belief in their victory. Alexis Mac Allister scored the opening goal from a Messi corner kick. Julian Alvarez and Lautaro Martinez added goals in extra time. Argentina will now face England in the next stage of the tournament.

12 Jul 2026 7:00 pm
Industry associations hail Bengal CM's land purchase policy, see end to acquisition roadblock

West Bengal's Chief Minister announced direct land purchases for investors. This initiative aims to remove significant investment obstacles and boost confidence. Business associations welcomed the move, calling it a catalyst for development. The policy contrasts with the previous government's approach to land acquisition. This streamlined process will accelerate industrial growth and create employment opportunities.

12 Jul 2026 6:58 pm
FIFA to explore 64-team World Cup for 2030 edition, says Gianni Infantino

FIFA president Gianni Infantino revealed plans to explore a 64-team World Cup format. This potential expansion would follow the 2026 tournament's increase to 48 teams. Discussions will occur after this summer's World Cup concludes. The 2030 World Cup will be hosted across six nations on three continents. This move aims to give more nations a chance to participate.

12 Jul 2026 6:52 pm
Last missing worker found in Wayanad tunnel landslide; death toll rises to 8

Rescue teams recovered the final missing worker from the Wayanad tunnel landslide. This recovery brings the total death toll from the incident to eight people. The six-day search operation concluded after the last body was found. Vikram Rana, a construction manager, was identified as the last deceased victim. Efforts to clear debris and restore the affected stretch will commence shortly.

12 Jul 2026 6:46 pm
Ukraine's Zelensky orders government reshuffle, new prime minister

Ukrainian President Volodymyr Zelensky announced a significant government reshuffle on Sunday. He proposed replacing Prime Minister Yulia Svyrydenko and heads of law enforcement agencies. Zelensky expressed gratitude for Svyrydenko's effective work and offered her a new role. The president also highlighted tasks like EU accession and border strengthening. These changes require parliamentary approval for the renewal of the Cabinet of Ministers.

12 Jul 2026 6:45 pm
Quote of the day by Edith Wharton, 'There are two ways of spreading light: To be the candle or the mirror that reflects it', teaches life advice that society often celebrates highly visible leaders while overlooking those who quietly support positive change behind the scenes

Quote of the day by Edith Wharton teaches a life lesson about leadership, kindness, humility, and service. Every person has the opportunity to create positive change, either by initiating good works or by supporting and amplifying the efforts of others. Through compassion, knowledge, encouragement, and integrity, individuals help illuminate the lives of those around them. Whether we choose to be the candle, the mirror, or both at different moments in life, our willingness to spread light contrib

12 Jul 2026 5:47 pm
Psychology says people who daily read the Quote of the Day are not just looking for inspiration, they may be shaping the way they think

Psychology says people who read the Quote of the Day every morning aren't necessarily searching for constant motivation. Sometimes, one thoughtful sentence is enough to influence how the rest of the day unfolds.

12 Jul 2026 5:47 pm
Best Russian Proverb of the Day: A spoken word is not a sparrow; once it flies out... The timeless lesson on how one careless sentence can leave a lasting impact on relationships, families and friends

Russian Proverb of the Day: Russian proverb A spoken word is not a sparrow; once it flies out, you cannot catch it highlights that spoken words cannot be retrieved once uttered. This ancient wisdom remains relevant in today's fast-paced digital communication environment. Every sentence spoken carries consequences, impacting relationships and trust significantly.

12 Jul 2026 5:41 pm
Quote of the day by Samuel Beckett, 'Ever tried. Ever failed. No matter. Try again. Fail again. Fail better' offers life lesson that failure is universal, every unsuccessful attempt should teach us something valuable

Quote of the day by Samuel Beckett offers life lesson wisdom about perseverance and personal growth. Failure is not the opposite of success but an essential part of achieving it. Every setback provides valuable lessons that contribute to future improvement. Through resilience, patience, courage, and continuous learning, individuals transform mistakes into opportunities for progress. Rather than fearing failure, we should embrace it as evidence that we are challenging ourselves, growing stronger,

12 Jul 2026 5:38 pm
Europes first total solar eclipse in nearly 30 years is coming: Why skywatchers from the US are planning trips for the rare August 12, 2026 celestial event

Solar Eclipse 2026 in US: Europe will witness a rare total solar eclipse on August 12, 2026. This celestial event is Europe's first since 1999 and a historic one for Spain. The eclipse will occur late in the day, creating a dramatic sunset view for observers. Following the eclipse, the Perseid meteor shower will peak, offering excellent viewing conditions. Many international travelers and astronomers are planning trips to Spain and Iceland for this event.

12 Jul 2026 5:25 pm
Best Italian Proverb of the Day: Where there is life, there is. A powerful reminder to never give up

The Italian proverb Where there is life, there is hope offers profound wisdom. It signifies that life's continuation ensures possibilities for improvement and change. This timeless message encourages resilience and a positive outlook during difficult times. Applying this proverb involves focusing on daily progress and practicing gratitude. Its universal relevance underscores hope as an essential source of strength for everyone.

12 Jul 2026 5:07 pm
'Era of one-sided deals over': Iran Parl speaker Ghalibaf warns US after trade of strikes in Strait of Hormuz

Iran's Parliament Speaker declared one-sided deals are over after US strikes. US forces conducted extensive strikes targeting Iranian military sites this week. Iran's Revolutionary Guard Corps claimed to destroy targets in Jordan in retaliation. Qatar and Jordan strongly condemned Iran's military actions and violations. These events follow Iran's announcement of closing the Strait of Hormuz.

12 Jul 2026 5:07 pm
Kerala govt to launch 'Pink Chitty' to encourage women to save travel cost benefits: CM

Kerala Chief Minister VD Satheesan on Sunday said his government would launch a 'Pink Chitty' scheme through the Kerala State Financial Enterprises Ltd. to promote savings amongst women generated from free travel initiatives. He urged women not to spend their savings and instead invest in such schemes. The CM announced several infrastructural plans for the city.

12 Jul 2026 5:02 pm
Kylian Mbapp: How France's superstar is chasing FIFA World Cup 2026 glory and football immortality

Kylian Mbapp has become a defining athlete of his generation. His speed and finishing have earned admiration far beyond football. Mbapp's influence extends beyond scoring goals for France. He is increasingly compared with sporting legends for his consistent excellence. His legacy is still being written as he enters his career's peak.

12 Jul 2026 4:59 pm
Cyclosporiasis outbreak spreads across 31 US states: Michigan reports over 1,000 cases as CDC warns of explosive diarrhoea linked to parasite in contaminated food and water

Cyclosporiasis cases US: A growing cyclosporiasis outbreak has affected thirty-one US states, causing severe diarrhea. Michigan leads with over one thousand cases, prompting food safety advisories for businesses. Health officials have confirmed hundreds of infections, with many more under investigation. Eighty-six individuals have been hospitalized across the nation due to this illness. Investigations continue to pinpoint the exact source of the widespread contamination.

12 Jul 2026 4:53 pm
Iraqi prime minister to visit Washington on Monday; oil and gas deals expected

Iraq's prime minister will visit Washington to strengthen strategic and economic ties. Oil and gas deals are expected to be signed, boosting production capacity. Alternative export routes will be sought to reduce Strait of Hormuz exposure. Strengthening Iraq's armed forces will also be a key discussion point. This visit aims to balance Iraq's relationships with Iran and the United States.

12 Jul 2026 4:52 pm
Psychology says people who keep family photos on their work desk aren't always sentimental, they may be reminding themselves what matters most

Psychology says that people who keep family photos on their work desk aren't necessarily sentimental or easily distracted. A simple photograph isn't just decoration, it's a quiet reminder of the people who give work its deeper meaning.

12 Jul 2026 4:39 pm
Strait of Hormuz remains open despite Iran's closure declaration, maritime group says

The vital shipping lane through the Strait of Hormuz remained operational, defying Iran's earlier announcements of a closure. While commercial vessels navigated the Omani shores, the atmosphere was charged with threats of military action. Iran's Revolutionary Guard warned that no ships would be permitted to pass until foreign interference ended.

12 Jul 2026 4:38 pm
Meet Mana Jampala: The 12-year-old who learned Python at age 9 and built Voxa, an AI startup helping businesses in multiple countries avoid missed calls and customers

A twelve-year-old student named Mana Jampala created an AI receptionist. This innovative tool, Voxa, helps small businesses manage customer calls effectively. Voxa answers calls, books appointments, and records orders twenty-four hours daily. Mana developed Voxa using AI coding assistants and custom backend systems. She now seeks more customers and plans future company growth.

12 Jul 2026 4:25 pm
Omar defends invite to Mirwaiz for Delhi protest, says BJP creating 'manufactured controversy'

Jammu and Kashmir Chief Minister Omar Abdullah defended inviting Mirwaiz Umar Farooq to a Delhi protest. He accused the BJP and media of creating controversy to divert attention from statehood restoration. Abdullah questioned the BJP's claims about separatism's elimination in Kashmir. He stated the invitation controversy was manufactured to shift public focus. The large rally demonstrated strong public commitment to restoring Jammu and Kashmir's statehood.

12 Jul 2026 4:02 pm
Vietnam arrests speedboat captain after deadly capsize

Vietnamese police arrested on Sunday the captain of a speedboat that capsized near southern Phu Quoc island, killing 15 Indian tourists, authorities said. Police in southern An Giang province said they arrested the 57-year-old captain of the boat for violations of laws resulting in the capsize.

12 Jul 2026 3:59 pm
Jal Shakti Ministry to hold key conference with states on water sector reforms on Monday

Senior water secretaries will meet Monday to review key water sector initiatives. The conference aims to strengthen Centre-state coordination on reforms and implementation. Discussions will cover modernization of schemes and the 'Catch the Rain' campaign. Dam safety and state water reforms are also key agenda items. This meeting facilitates timely program implementation and sustainable water management.

12 Jul 2026 3:50 pm
Feeding sweets causing skin disease in monkeys at Jaipur's Galtaji temple: Experts

Monkeys at Jaipur's Galtaji temple are suffering from a severe skin disease. This condition, hyperkeratosis, results from feeding them sweets and processed foods. Experts warn that this practice is causing significant health issues and difficulty in movement. Awareness campaigns and warning boards are being used to discourage feeding the animals. Forest officials are working to capture and treat infected monkeys for their survival.

12 Jul 2026 3:49 pm
Blind Brown University professor Roberto Serrano exposes massive AI cheating scandal after students' scores plunge from 100 to 48, calls AI 'tsunami for all of us'

A Brown University professor noted unusual perfect scores on a take-home midterm exam and exposed a massive AI cheating scandal. Many students achieved top marks, which contrasted sharply with prior years. The subsequent in-person final exam saw a dramatic drop in the class average. When the exam was held in person, the class average reportedly fell from 96 to 48.

12 Jul 2026 3:44 pm
Piyush Goyal to visit Spain, Belgium, Finland this week

Minister Piyush Goyal will visit Spain, Belgium, and Finland to boost trade. He will meet industry leaders in Spain to explore automotive and renewable energy opportunities. In Belgium, CEO-level meetings will focus on technology and sustainable manufacturing collaborations. The India-EU Business Roundtable will discuss foreign direct investment and resilient supply chains. Finland's clean energy and digitalization sectors will be key discussion points.

12 Jul 2026 3:36 pm
Moroccan proverb of the day: 'The camel never sees his own hump, but...' Timeless life lessons on judging less and growing more

Moroccan Proverb of the Day: A Moroccan proverb highlights human nature's tendency to notice others' faults. It encourages self-reflection before offering any criticism to others. This wisdom remains highly relevant in today's social media environment. Developing the habit of self-examination fosters greater humility and stronger relationships. Personal growth begins with acknowledging and correcting one's own imperfections.

12 Jul 2026 3:33 pm
US-Iran strikes: latest developments

Iran announced it was again closing the Strait of Hormuz on Sunday and hit Gulf neighbours in retaliation for US strikes, further undermining efforts to salvage Middle East peace efforts. US strikes 140 targets CENTCOM said Saturday the US military had hit approximately 140 targets in Iran in retaliation for Tehran's attack on another commercial ship in the Strait of Hormuz.

12 Jul 2026 2:54 pm
Uttarakhand Rain Alert: Rainfall disrupts Kedarnath Yatra, several roads shut as IMD warns of heavy rainfall across state

Uttarakhand is experiencing heavy monsoon rains, leading to widespread disruptions across the state. One hundred twenty-six roads are closed due to rain damage and blockages. A landslide has blocked the Kedarnath Highway, impacting pilgrim movement and Yatra progress. Authorities are working to clear debris and restore traffic on the affected routes. Residents are advised to stay updated and avoid vulnerable areas.

12 Jul 2026 2:48 pm
Norwegian Air changes its Instagram logo after losing FIFA World Cup bet to British Airways as England beats Norway 2-1 in 2026 quarter-final

Norwegian Air and British Airways engaged in a playful social media logo bet. The wager was tied to the FIFA World Cup quarter-final match outcome. Norwegian Air temporarily changed its Instagram logo after England's victory. This friendly competition garnered significant online attention and praise. Other international airlines also joined the light-hearted social media exchange.

12 Jul 2026 2:47 pm
Apple sues OpenAI after ex-engineer's 'LOL, I found out I can access' message becomes key evidence in explosive trade secrets battle

Apple vs OpenAI: Apple has filed a significant lawsuit against OpenAI, accusing it of stealing trade secrets. The company alleges OpenAI orchestrated a campaign to recruit Apple's engineers and designers. A former Apple engineer's LOL message about accessing internal servers is a key piece of evidence. Apple claims hundreds of employees left for OpenAI's hardware business. The lawsuit seeks to hold OpenAI accountable for its alleged actions.

12 Jul 2026 2:37 pm
This Qatari royal bought an European villa for $395 million, bigger than Vatican City. The Sardinian estate features 126 rooms, remote-controlled erupting volcano, secret cave to hide from drones and more

Sheikh Hamad bin Jassim bin Jaber Al Thani acquired Villa Certosa for 350 million which is Europes most ostentatious villa. This Sardinian estate boasts an artificial volcano and an underground sea cave. The property is larger than Vatican City and features many amenities like a remote-controlled erupting volcano, 126 rooms, five swimming pools, a football pitch and more.

12 Jul 2026 1:55 pm
Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs

Volkswagen's CEO is pursuing cost cuts to improve automaker performance. He aims to avoid closing German plants while streamlining the model lineup. Factory costs in Germany have already seen significant reductions. The company acknowledges its products are popular but earn insufficient profits. Further reductions across all cost areas are now being pursued.

12 Jul 2026 1:51 pm
India's batting under the microscope after T20 defeats by England, Ireland

India's cricket team faced batting issues after losing two T20 series. England secured a dominant 4-0 series victory over the Indian squad. Earlier, Ireland had also achieved a 2-0 whitewash against the Indian team. Experts noted the batting unit appeared out of rhythm and struggled with bounce. This performance serves as a wake-up call for the Indian squad.

12 Jul 2026 1:50 pm
NMCG restoring five wetlands in Ganga basin, plans to expand conservation efforts

The National Mission for Clean Ganga is restoring five wetlands across three states. Conservation efforts will expand to other high-priority wetlands identified scientifically. These wetlands play a vital role in maintaining river health and biodiversity. Scientific assessments have laid the foundation for phased restoration across the Ganga basin. The long-term objective is a basin-wide network of healthy floodplain wetlands.

12 Jul 2026 1:44 pm
Quote of the day by Confucius: 'Attack the evil that is within yourself, rather than...' Wisdom from one of history's greatest philosophers that could change the way you deal with people

Quote of the Day by Confucius: Confucius' ancient wisdom emphasises self-reflection over criticising others. He encourages us to examine our own faults before judging someone else's actions. This approach nurtures humility, personal growth and stronger character. In today's world, where social media often amplifies criticism, self-awareness is more important than ever. Confucius reminds us that lasting improvement begins with changing ourselves before trying to

12 Jul 2026 1:25 pm
Quote of the day by Elvis Presley: If you let your head get too big, it'll King of rock and roll on the secret to lasting success

Quote of the day: Elvis Presley, the King of Rock and Roll, stressed humility despite his immense fame. His words remind us to stay grounded, avoiding arrogance and self-importance. Presley transformed popular music by blending diverse genres into a captivating sound. He achieved global stardom through electrifying performances and a successful film career.

12 Jul 2026 1:00 pm
When Manmohan Singh told then-CEC Quraishi- 'I will commit suicide'

Former CEC SY Quraishi recounts Prime Minister Manmohan Singh's profound respect for the Election Commission. Singh expressed deep anguish over ministerial loose talk concerning the poll watchdog's functioning. He emphasized the Election Commission's vital role as the soul of democracy. The former Prime Minister offered to commit suicide if the institution was undermined.

12 Jul 2026 12:59 pm
Exempted Trust under EPFO may regularise their status under Amnesty Scheme, 2026, says the retirement fund body

The Employees' Provident Fund Organisation has launched a new amnesty scheme for provident fund trusts. This one-time opportunity allows exempted trusts to regularise their status for six months. The scheme offers retrospective regularisation and waives certain compliance requirements. Pending assessments for dues and damages will be withdrawn under specific conditions. Eligible establishments can submit applications through their regional EPFO offices.

12 Jul 2026 12:37 pm
Confident Zverev faces ultimate test against Sinner in Wimbledon final

Alexander Zverev aims to dethrone Jannik Sinner in the Wimbledon final on Sunday. Zverev recently won the French Open, his first Grand Slam title. Sinner has a strong nine-match winning streak against Zverev. Zverev has improved his game, particularly his forehand, for the grass court. Sinner demonstrated impressive form by defeating Novak Djokovic in straight sets.

12 Jul 2026 12:16 pm
INS Sudarshini arrives at Boston for SAIL Boston 250 celebrations

Indian Naval Ship Sudarshini arrived in Boston for Sail Boston 250. The ship entered the historic port flying the Indian flag. Consul General Raghuram S visited the vessel at sea. This event marks the 250th anniversary of America's founding. Sail Boston 2026 is a significant international maritime gathering.

12 Jul 2026 12:04 pm
Archaeologists opened a 2,300-year-old bronze bottle in Chinait still contained beer with more than 2,400 compounds, revealing a recipe never recorded in historical texts

Archaeologists discovered a sealed bronze bottle containing ancient beer. This remarkable find offered insights into Qin-era brewing and burial practices and what stunned scientists was that they identified over 2,400 compounds confirming a deliberately brewed alcoholic beverage. The beer recipe, using multiple grains, was never recorded in historical texts.

12 Jul 2026 11:59 am
Visakhapatnam earthquake: Mild tremors felt as 4.5-magnitude quake hits Bay of Bengal

A mild earthquake of magnitude 4.5 struck the Bay of Bengal early Sunday. Tremors were felt in several parts of Visakhapatnam city, which experienced mild shaking. The earthquake occurred at a depth of 10 km, with its epicentre offshore. Officials reported no casualties or property damage following the event. Residents remained calm as the situation returned to normal after the tremors.

12 Jul 2026 11:57 am