The Economic Times

Micron's revenue has surged by over four times, reaching $41.46 billion in its fiscal third quarter, driven by the booming AI sector and a global memory crunch. The company's stock saw a significant jump as soaring demand for memory chips, essential for AI hardware and data centers, propelled exceptional financial results. Micron anticipates continued strong performance, with future revenue projections also exceeding expectations.

Best Proverb of the Day: A timeless proverb urges us not to withhold good when we have the ability to help, emphasizing that kindness is a reflection of character and a vital community builder. Even small acts of support can profoundly impact lives, especially during hardship. In our fast-paced world, this message of empathy and action remains crucial, reminding us that generosity, not just grand gestures, creates a better world for all.

Investigators are zeroing in on an anonymous tipster linked to ransom messages in the Nancy Guthrie case. Despite using male aliases, authorities now suspect the source might be a woman. This development adds a new layer to the ongoing mystery, with investigators hoping human sources, rather than just forensic evidence, will ultimately crack the case. Savannah Guthrie continues to plead for public assistance.

Quote of the day by J. D. Salinger: J.D. Salinger believed books offer more than entertainment; they forge emotional bonds. He cherished stories that felt like conversing with a close friend, highlighting humor's role in connection. This profound connection, where readers feel understood by the author, is a rare but powerful literary achievement.

People who order takeout several times a week aren't always avoiding cooking. Psychology suggests this habit can be linked to time management, decision fatigue, stress, convenience, and changing lifestyles. Ordering food may help people save mental energy, manage busy schedules, or seek comfort after long workdays. Understanding the reasons behind this behavior helps explain why many people choose takeout without it reflecting their motivation or personal discipline.

Despite mandatory auditor rotation, India's largest audit firms are consolidating their dominance, auditing 66% of Nifty 500 companies. Grant Thornton and BDO are gaining ground, fueled by Big Four conflicts. While companies rotate auditors, they largely select from a small pool of established firms. Rising auditor resignations and increasing audit fees are also noted trends.

Idiom of the Day: Ever felt the need to address an issue with someone? The idiom one to pick perfectly captures this common human experience, signifying a grievance or unresolved matter requiring discussion. Originating from the image of meticulously picking meat from a bone, it highlights the importance of open communication. This phrase reminds us that confronting issues, even uncomfortable ones, is vital for strengthening relationships and fostering understanding, rather than letting resentm

Best Chinese proverb of the day: Experiencing both prosperity and hardship cultivates a deeper understanding of life's impermanence and builds resilient character. This proverb highlights how difficult experiences, rather than just comfort, shape invaluable insight and make individuals uniquely qualified to guide others through life's unpredictable journey.

Inspirational proverb of the day highlights the meaning of He who deliberates fully before taking a step will spend his entire life on one leg. The Chinese saying reflects how overthinking, hesitation, and excessive caution can sometimes prevent people from moving forward in life. It suggests that constant analysis of every possible outcome may lead to delay, causing missed opportunities for growth and progress.

Economists are split on how a weak monsoon will affect food prices, with some believing falling oil prices will offset any hikes. Others warn of El Nino's impact on sowing and food costs. The Reserve Bank of India is unlikely to raise interest rates soon, preferring to wait for clarity on the monsoon's agricultural and inflation effects.

A significant fire at a New Delhi data centre, a joint venture between ST Telemedia and Tata Communications, has caused extensive damage, complicating data recovery efforts. One affected client, Matrix Cellular, reports losing two decades of crucial data. The incident also appears linked to recent intermittent Google Cloud network issues in India, leaving server rooms in ruins.

Reserve Bank of India Governor Sanjay Malhotra stated that an interest rate hike is premature, as inflation hasn't broadly impacted consumer prices. The central bank remains in a 'wait-and-watch' mode, closely monitoring global uncertainties and the monsoon's progress. While acknowledging improved outlooks, risks persist, but India is well-prepared for challenges. The RBI has revised inflation forecasts upwards and growth forecasts downwards for the fiscal year.

Authorities are intensifying scrutiny on Rajesh Exports. The Serious Fraud Investigation Office will probe the gold refining giant following allegations of financial irregularities by Sebi. The Enforcement Directorate also recently searched company premises, citing significant deviations from commercial practices and a lack of documentation for foreign transactions. The company denies any wrongdoing, attributing discrepancies to number interpretation.

Psychology says people who drink from oversized reusable water bottles all day aren't simply following a hydration trend. This daily habit can reflect planning, routine, health awareness, and the use of environmental cues to build consistent behaviors. Psychology suggests that keeping a large water bottle nearby can reduce decision-making, encourage regular water intake, and support habit formation. The behavior is less about the bottle and more about the routines people create.

Chinas exports of electric vehicles hit a record $9.2 billion in May, rising nearly 50% year-on-year, as global demand for cleaner transport strengthened amid higher oil prices linked to the Iran conflict.

Best Proverb of the Day: A powerful proverb highlights how one act of kindness can ignite countless others, much like a single candle lighting thousands. This wisdom emphasizes the profound ripple effect of compassion and positivity, proving that even small gestures can profoundly impact lives. In a world often filled with negativity, this message encourages individuals to be the spark that illuminates others, fostering stronger communities through consistent, small acts of light.

The 2027 summit in Geneva will centre on the application of international law, fundamental rights and ethical development of AI governance to ensure smaller nations have an active voice in global policy, as Switzerland takes a cue from the Indian focus on global south and vision for 'Technology for All', according to people familiar with the matter.

India's economic growth is projected to slow to 6.6% in 2026-27 due to energy pressures, a weaker monsoon, and global slowdown, S&P Global Ratings reported. Retail inflation is expected to climb to 5.1% this fiscal year. Despite near-term challenges, GDP growth is anticipated to rebound to 7.2% in 2027-28, with oil prices expected to stabilize.

Switzerland not only hosted the talks between US vice president JD Vance and Iranian negotiators but senior officials in the Swiss foreign ministry were also deeply involved in facilitating an understanding between the two sides in the runup to the meeting on Sunday and Monday, ET has learnt.

Quote of the Day by Ray Bradbury: Some of life's most valuable lessons do not come from success, comfort, or happiness. They come from disappointment, failure, heartbreak, and unexpected setbacks. Ray Bradbury's wisdom reminds us that every experience that deeply affects us has the potential to teach, shape, and strengthen us.

Aber Kawas Senate: Aber Kawas, a Palestinian-American activist, has secured a significant Democratic primary win for a New York State Senate seat in Queens. Backed by Mayor Zohran Mamdani, her progressive platform champions social justice and immigration rights. Kawas' victory, however, has ignited debate due to past remarks concerning 9/11, drawing scrutiny alongside her extensive community organizing background.

Why do some people reply to almost every message with a thumbs-up emoji? Psychology suggests the habit may be linked to cognitive efficiency, digital communication styles, emotional energy conservation and social signaling.

Ants carrying oak galls study: A backyard discovery by an eight-year-old boy has unveiled a surprising interaction between ants, oak trees, and wasps. What appeared to be seeds were actually oak galls, structures created by wasps. Researchers found ants carrying these galls, consuming a fatty cap called 'kapllo,' and leaving the gall behind.

PAC chairman KC Venugopal said the official, who had been summoned by the panel, informed the committee on Tuesday night that he would not attend the meeting. He sought permission, which I did not grant, he said. He said the panel would seek explanation from the Union home secretary.

At the meeting on 'Bridging the Implementation Gap: Security Council Resolutions and Maintenance of International Peace and Security', India's permanent representative to the UN, Parvathaneni Harish, objected to remarks made by Pakistan, which is also the co-chair.

Indian onion exporters are urging the government against imposing export curbs, citing a surge in wholesale prices at Lasalgaon market. Delayed sowing and adverse weather have impacted production, pushing prices up. Exporters warn that restrictions could jeopardize markets painstakingly regained after previous bans, potentially shifting buyers to competing nations and damaging India's trade reputation.

The function, delayed due to the conflict, will begin with the body lying in state at Tehran's Grand Mosalla complex. The erstwhile Supreme Leader of Iran will be buried in his hometown of Mashhad on July 9. Delegations are expected from Iraq, Pakistan, Afghanistan, Syria, Lebanon, Russia, China, and several Central Asian states, ET has learnt.

Motivational Quote of the Day: Actress Keira Knightley's words highlight the diverse realities of childhood, acknowledging that not everyone benefits from loving and supportive parents. This profound observation underscores the importance of recognizing the varied emotional foundations individuals carry into adulthood. The quote prompts gratitude for fortunate upbringings while validating the resilience of those who faced challenges, fostering empathy and understanding in our interactions.

Why do some people constantly say its not you, its me during difficult conversations? Psychology suggests it may be linked to guilt management, emotional regulation, people-pleasing tendencies and fear of conflict.

Psychology says people who travel on high end bikes to check out unexplored places aren't always trying to escape their daily routine. Psychology explains that many riders look for discovery, learning, freedom, and personal meaning. Riding to new places often reflects curiosity, confidence, and a desire to understand the world. This behavior can improve problem-solving, emotional balance, and self-awareness while creating experiences that remain valuable throughout life.

Prime Minister Modi has voiced serious concerns regarding the escalating misuse of digital platforms for fraudulent activities, urging a swift and coordinated response from all agencies. He stressed the need for clear ownership, faster action, and enhanced public awareness to combat cybercrimes. Additionally, the PM reviewed significant infrastructure projects, emphasizing timely completion and the use of the PM GatiShakti Master Plan for efficient planning and execution.

Quote of the Day by Nathaniel Hawthorne: Nathaniel Hawthorne (18041864) was one of America's most influential novelists and short-story writers, best known for The Scarlet Letter. A master of psychological fiction, he explored guilt, morality, human nature, and hidden emotions. His works blended deep philosophical insight with powerful storytelling, making him a lasting voice in American literature and a keen observer of the human mind.

Quote of the Day by Harper Lee: Harper Lees quote, You can't really get to know a person until you get in their shoes and walk around in them, explores the importance of empathy, understanding, and seeing life from another persons perspective. The quote suggests that true understanding comes from appreciating another person's experiences, challenges, and emotions rather than judging them based on appearances, assumptions, or limited knowledge.

Qatar's Energy Minister, Saad bin Sherida Al-Kaabi, extended heartfelt condolences at the Indian Embassy in Doha following the tragic explosion at the Barzan gas facility, which claimed the lives of 12 Indian nationals. He personally conveyed sympathies and offered prayers for the injured. Prime Minister Modi also received a call from Qatar's Amir, expressing shared grief and well wishes for the recovery of those affected by the Sunday incident.

Israel's Defence Minister Israel Katz stated that the US has not demanded a troop withdrawal from southern Lebanon, a key Lebanese condition in ceasefire talks. Both Katz and Prime Minister Netanyahu emphasized Israel's commitment to maintaining a security zone to protect northern residents, with the army actively dismantling Hezbollah's infrastructure. Lebanon, however, rejects the occupation and foreign interference, as US-mediated talks continue in Washington.

Why do some people always sit with their legs up and crossed on chairs? Psychology suggests the habit may be linked to self-soothing, body awareness, emotional regulation and feelings of security.

FIFA World Cup 2026 Standings: The FIFA World Cup 2026 introduces a thrilling 48-team format with 12 groups, making every point vital. For the first time, eight of the best third-placed teams will also advance to the Round of 32, alongside the top two from each group. This expanded system creates more qualification pathways, ensuring intense competition and unexpected outcomes right up to the final group matches.

A government committee reviewing Indias Special Economic Zone (SEZ) policy will hold a stakeholder meeting on June 30 to examine how free trade agreements are affecting export hubs and to explore reforms aimed at boosting import substitution.

Weather tomorrow: India braces for intense weather as IMD issues a nationwide alert for Thursday. Heavy to very heavy rainfall is forecast for coastal Karnataka, Konkan, Goa, and Sub-Himalayan West Bengal, alongside widespread thunderstorms and gusty winds across North, Central, and East India. Mumbai anticipates continued monsoon spells, while heatwave conditions persist in isolated pockets of North India. Residents are urged to stay informed and exercise caution.