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The Economic Times

Economy / The Economic Times

Apparent to everyone 'seat chori' took place, will fight: Natarajan after SC dismisses plea

The Supreme Court has dismissed Congress leader Meenakshi Natarajan's plea against the rejection of her Rajya Sabha nomination papers. Natarajan stated that seat theft has occurred and the party is ready to fight. The court cited the availability of election petitions as a remedy. Three BJP candidates were declared elected unopposed from Madhya Pradesh.

12 Jun 2026 4:00 pm
Warburg Pincus to acquire Japan's J.S.B. in over $1 billion deal, source says

US private equity firm Warburg Pincus is preparing to buy Japanese student housing provider J.S.B. The deal is valued at over one billion dollars. Warburg Pincus has already secured agreements with J.S.B.'s major shareholders. This move marks Warburg Pincus' first take-private deal in Japan since establishing its Tokyo office. The acquisition is expected to be announced soon.

12 Jun 2026 3:53 pm
Debate on real TMC settled; Mamata, Abhishek represent fake TMC: BJP

The BJP claims a document signed by 20 Trinamool Congress Lok Sabha MPs indicates a eal TMC led by Kakoli Ghosh Dastidar, not Mamata Banerjee and her nephew. BJP spokesperson Shehzad Poonawalla alleged an implosion within TMC due to dynastic politics, stating the party has moved away from Mamata Banerjee.

12 Jun 2026 3:53 pm
Psychology says mixed signals feel addictive, heres why one day of love and the next day of distance can make you chase someone even harder

Popular culture often presents emotional unpredictability as thrilling, mysterious or even romantic. Psychological research, however, points in a different direction. Studies consistently show that emotional stability, trust and reliable communication are far more closely linked to healthy, satisfying and long-lasting relationships.

12 Jun 2026 3:46 pm
India sends measles vaccines, medical supplies to Maldives amid rising cases

India has provided 20,000 measles vaccine doses and three tonnes of medical supplies to the Maldives. This assistance aims to address increasing measles cases and boost immunisation coverage. The Maldives expressed gratitude for the timely support, highlighting strong bilateral ties. This action reinforces India's commitment as a regional first responder and its Neighbourhood First policy.

12 Jun 2026 3:43 pm
Chhattisgarh attracts Rs 9,500 crore in fresh investment MoUs

Chhattisgarh secured investment MoUs exceeding Rs 9,500 crore from seven companies. This initiative is projected to generate more than 7,800 employment opportunities. Investments are targeted in sectors such as pharmaceuticals, solar component manufacturing, and dairy. The state's Chief Minister highlighted the successful implementation of new industrial policies, attracting significant proposals. Investors are encouraged to contribute to the state's growth.

12 Jun 2026 3:33 pm
India reaffirms commitment to SCO, Central Asia at Tajikistan conference

India has reiterated its strong commitment to Central Asia. Minister of State Kirti Vardhan Singh highlighted this at a conference in Dushanbe, Tajikistan. India sees Central Asia as a vital partner for regional connectivity, security, and prosperity. The nation will host the first SCO Civilisation Dialogue Forum in Kolkata next month. This engagement deepens India's ties with the region.

12 Jun 2026 3:26 pm
ESAF Small Finance Bank's total business crosses Rs 50,000 cr

ESAF Small Finance Bank has achieved a significant milestone. Its total business has now surpassed Rs 50,000 crore. Deposits reached Rs 26,197 crore and advances stood at Rs 23,832 crore. The bank also reported a net profit of Rs 24 crore for the fourth quarter ended March 2026. Asset quality improved with lower NPAs.

12 Jun 2026 3:26 pm
Tamil Nadu DCCB housing loan up to Rs 10 lakh: Check eligibility, how to apply, documents needed and more

TN DCCB house loan: Tamil Nadu residents can now access housing loans up to Rs 10 lakh. The scheme, offered through District Central Cooperative Banks, supports building new homes, undertaking repairs, or extending existing properties. Eligibility is open to all Tamil Nadu residents for housing-related purposes. The application process is offline, requiring a visit to the nearest DCCB branch.

12 Jun 2026 3:26 pm
US plans major cut to fighter jets, warships for NATO operations in Europe, NYT reports

The United States is set to significantly reduce its aircraft and warships available for NATO operations in Europe, impacting long-range strike and surveillance capabilities. This move includes cutting fighter jets, reconnaissance planes, and aerial refuelling tankers. NATO acknowledges a historical over-reliance on US forces, suggesting a shift towards greater European and Canadian defence contributions.

12 Jun 2026 3:21 pm
Roman proverb of the day: We suffer more often in imagination than in reality. No one can have a peaceful life who thinks too much about lengthening it - a timeless lesson on how fear steals the joy of living

Ancient Roman wisdom highlights how we often suffer more in our minds than in reality. Worrying excessively about the future and trying to control life can steal present joy. This timeless advice reminds us that peace comes from living in the moment, not just planning for it. Embracing uncertainty leads to a more fulfilling existence.

12 Jun 2026 3:15 pm
Jhanvi, Riya, Simran: How a woman and agency used multiple names to maid off with money from Delhi homes

A woman, using aliases like Jhanvi and Riya, allegedly ran a fake domestic help racket. Families seeking house helps were defrauded after paying advance fees. The scam was uncovered when a maid disappeared from a Delhi home. Police arrested two individuals, including the alleged mastermind, and are investigating further to identify more victims.

12 Jun 2026 2:59 pm
3+ cr women-led enterprises registered under Udyam Portal powering growth: FM Nirmala Sitharaman

Women are becoming India's growth engine with over 3 crore women-led enterprises registered under Udyam Portal, said FM Nirmala Sitharaman in a series of tweets on Friday.

12 Jun 2026 2:58 pm
Watch: Maricos Harsh Mariwala shares how China is making denim jeans from banana plants and calls it a lesson in innovation

A viral video shared by Maric's Harsh Mariwala showcased how China is transforming banana stalks into eco-friendly denim, sparking questions about India's potential. With vast banana production, India could leverage this renewable resource to boost farmer incomes and create rural jobs in sustainable textile manufacturing, mirroring global circular fashion trends.

12 Jun 2026 2:56 pm
The next big money game is here. Everyone wants a seat at the table

India's wealth management scene is experiencing a remarkable transformation. With the rapid rise of affluent households, theres a surge in potential clients ready to invest. New IPOs are fostering considerable wealth for entrepreneurs. As a result, banks, startups, and major corporations are racing to capitalize on this high-margin, fee-based environment.

12 Jun 2026 2:51 pm
Beautiful Italian proverb of the day: 'Love, that moves the Sun and...' Timeless life lessons on how love gives purpose and meaning to life

Italian Proverb of the Day: Dante Alighieri's famous line, 'Love, that moves the sun and the other stars,' reveals love as the universe's driving energy. This force extends beyond romance, encompassing kindness, purpose, and connection. It inspires growth, helps overcome challenges, and creates lasting impact. In today's world, this timeless message reminds us of what truly matters.

12 Jun 2026 2:47 pm
Who is Salman Khan's neighbour Ketan Kakkad and why are they fighting a case in Bombay HC? Their property dispute explained

A land dispute between Salman Khan and his neighbor, Ketan Kakkad, has escalated into a lengthy legal battle involving allegations of encroachment and blocked access. The Bombay High Court recently addressed social media posts by Kakkad targeting Khan, questioning the airing of grievances online and suggesting the removal of content.

12 Jun 2026 2:45 pm
Quote of the day by Adrien Brody: Life is an ocean of chaos. We all need something to distract us from the complexity and reality' - life lessons on finding calm amid uncertainty

Life's inherent chaos often leads individuals to seek comforting distractions, as highlighted by Adrien Brody's quote from 'Detachment.' The film and Brody's career demonstrate how art and personal pursuits can offer necessary respite and perspective amidst life's complexities. These pauses are not escapes but vital tools for navigating reality with greater balance.

12 Jun 2026 2:39 pm
RHFL, RCFL bank fraud money laundering case: ED files charge sheet against Jhunjhunwala, Bapna, 52 others

The Enforcement Directorate has filed a charge sheet against former Reliance executives Amitabh Jhunjhunwala and Amit Bapna. They were arrested in April 2026 in a bank loan fraud and money laundering case. The charge sheet names 55 accused individuals. The document will be presented to a judge on July 1. The accused were remanded to judicial custody after interrogation.

12 Jun 2026 2:38 pm
Liqvd Asia bets on AI, acquisitions to fuel next phase of growth ahead of SME IPO

Creative-led digital agency Liqvd Asia is leveraging artificial intelligence and acquisitions for growth, aiming to provide faster, personalized advertising. The company plans to use IPO proceeds to acquire the remaining stake in performance marketing firm AdLift and establish a video content production hub, enhancing integrated offerings for clients.

12 Jun 2026 2:30 pm
NCDRC stays proceedings against Salman Khan in 'misleading' pan masala ad case

The National Consumer Disputes Redressal Commission has granted temporary relief to Salman Khan. Proceedings against the Bollywood actor in a misleading pan masala advertisement case have been stayed. The commission issued an interim order while hearing an appeal. This stay provides a respite for Khan as the case moves forward. Further hearings are scheduled soon.

12 Jun 2026 2:28 pm
NCLT rejects insolvency plea against Noida Metro Rail Corporation over pre-existing disputes

The National Company Law Tribunal has rejected an insolvency plea against Noida Metro Rail Corporation. The tribunal found genuine disputes existed regarding service quality and payment deductions. Empire Transport Services Ltd had claimed operational dues. However, the NCLT cited breaches of contractual obligations by the service provider. This ruling prevents the initiation of insolvency proceedings.

12 Jun 2026 2:26 pm
Pakistan looking to increase export of donkey meat, other related products to China

Pakistan plans to boost donkey meat and product exports to China. The nation sees a growing market there for donkey meat, milk, and gelatin, valued for health benefits. New agreements are in place to facilitate this trade. This initiative aims to create jobs and boost the economy. The donkey population in Pakistan has also seen a slight increase.

12 Jun 2026 2:18 pm
UK economy shrinks in April as Middle East war hits

Britain's economy contracted in April as the Middle East war hit growth, official data showed Friday, dealing a setback to Prime Minister Keir Starmer as he grapples with a political crisis. We expect the economy to continue to fade as the year goes on, and particularly for as long as there is no lasting peace deal in the Middle East, he added. ajb/cw

12 Jun 2026 2:13 pm
Yes Bank sees Indians tip-toeing back to deposits

Indian households are reportedly shifting savings back to bank deposits due to weak stock markets and geopolitical concerns. This trend could benefit lenders facing intense competition for credit demand, as bank credit growth outpaces deposit increases. The move signals a potential return to traditional fixed deposits amid equity market volatility.

12 Jun 2026 2:08 pm
India clears way for self-driving, safety car tech to reduce road deaths

India has removed the licence requirement for automotive radar sensors operating in the 77-81 GHz frequency band, paving the way for wider adoption of advanced driver-assistance and autonomous driving technologies.

12 Jun 2026 2:06 pm
Ram Gopal Verma says Obsession is a wake-up call for Bollywood, not just for its Rs 2,279 crore box-office: Obsession budget is less than a film stars

Filmmaker Ram Gopal Verma lauded the low-budget horror film Obsession. He stated its success challenges Indian cinema's focus on stars and massive budgets. Verma highlighted how director Curry Baker achieved remarkable impact with minimal resources. The film's innovative techniques and emotional rawness prove cinematic power lies in execution, not just scale.

12 Jun 2026 1:55 pm
Is India's economic growth real? Raghuram Rajan says something is off

Former RBI Governor Raghuram Rajan questions India's strong economic growth figures, citing weak corporate investment and declining foreign capital inflows. He argues these factors are difficult to reconcile with official data, suggesting a disconnect between headline numbers and business behavior. Rajan also highlights the lack of a clear economic roadmap and warns of vulnerabilities from the Middle East conflict.

12 Jun 2026 1:50 pm
Employee optimistic about getting supervisor role calls boss to apologize for being late; super awesome manager reveals it was just stress playing tricks on him

An employee seeking a promotion experienced a moment of panic after waking from an evening nap. He believed he had overslept and missed his entire workday. A confused call to his boss revealed it was actually 7:46 PM, not AM. His manager found the situation amusing. The incident highlights the impact of stress and exhaustion on perception.

12 Jun 2026 1:45 pm
This 'alien' blue planet rains molten glass and a year here is less than a weekend, scientists are stunned

Scientists are stunned by HD 189733b, a blue planet 63 light-years away, resembling Earth but far more hostile. Orbiting its star in just two days, it endures scorching temperatures, supersonic winds, and glass rain. Its striking blue color stems from silicate particles scattering light, not oceans. This 'hot Jupiter' offers a stark reminder of the universe's dangerous beauty.

12 Jun 2026 1:36 pm
Beyond coriander and mint: 7 flavour-packed herbs from around the world you should grow for cooking

Discover a world of culinary herbs beyond the usual suspects like basil and mint. Many are easy to grow in pots and can elevate everyday meals with unique flavors from around the globe. From Mediterranean rosemary and thyme to Asian lemongrass and shiso, these herbs offer exciting new tastes and aromas for your home cooking.

12 Jun 2026 1:30 pm
Syndicate Finance bridges the execution gap for India's export-ready textile manufacturers

As India cements its position in global apparel supply chains, structured lending is emerging as the critical enabler and Syndicate Finance's 75 Crore facility to Clever Hunt Private Limited illustrates why.

12 Jun 2026 1:21 pm
Higher crude prices fuel bank lending boom; credit growth hits 17.7%, fastest since June 2024

Bank lending saw its fastest growth in almost two years by May 31, 2026. Credit expanded significantly, reaching Rs 215.2 lakh crore. This surge occurred as bank deposits decreased by Rs 2.3 lakh crore. The gap between loans and deposits widened. Oil marketing companies and government schemes contributed to higher credit demand. Deposit growth lagged behind credit expansion.

12 Jun 2026 12:56 pm
JRD Tata once lost his favourite pen. A top Tata official bought him a similar one from London. But JRD still refused to take it. Why?

A lost pen led to a powerful lesson in integrity from JRD Tata. A Tata Steel executive found an identical pen in London and gifted it to Tata. Tata, though delighted, returned the pen. He explained he never accepted gifts from colleagues to prevent pressure. His decision showed personal accountability matters even when no one is watching.

12 Jun 2026 12:53 pm
Amazon leveraging own charging infrastructure to grow electric delivery fleet in India

Amazon is relying largely on charging infrastructure at its own delivery stations to power its growing electric vehicle fleet in India, even as it works with partners to expand charging networks and greener transport options.

12 Jun 2026 12:50 pm
Moroccan proverb of the day: 'Travelling leaves you speechless, then turns you...' Life lessons on why experiences matter more than possessions

Moroccan Proverb of the Day: Ibn Battuta's famous quote, Travelling leaves you speechless, then turns you into a storyteller, highlights the profound impact of exploration. His 14th-century journeys across vast distances offered rare moments of awe, transforming him into a legendary narrator of his experiences and offering timeless lessons on growth and curiosity.

12 Jun 2026 12:48 pm
Australia imposes record $211 million fine on collapsed broker Union Standard, representatives

Australia's federal court has imposed a record A$300.2 million fine on Union Standard and its representatives. The foreign exchange broker engaged in misconduct between 2018 and 2020. They targeted inexperienced investors, pressuring them to deposit more funds. This action resulted in millions of dollars in losses for customers.

12 Jun 2026 12:48 pm
CBSE 10 Second Board Result 2026 Date and Time: When and where to check your scorecards? Latest updates and key details

CBSE 10 Second Board Result 2026: Students awaiting their CBSE Class 10 Second Board Result 2026 can anticipate its release this June. Introduced to offer a second chance for score improvement, this exam cycle saw over six lakh registrations. Results will be accessible via official CBSE websites, DigiLocker, and UMANG. Keep the admit cards handy for a smooth process.

12 Jun 2026 12:48 pm
Somvati Amavasya 2026 date: Is it on June 14 or 15? Check fasting do's and don'ts, holy dip, charity shubh muhurat

Somvati Amavasya 2026 Mein Kab Hai: Somvati Amavasya in June 2026 falls on Monday, June 15. This auspicious occasion is dedicated to worshipping Lord Shiva and Goddess Parvati. Devotees will perform holy bathing and charitable activities during Brahma Muhurta. Special Yogas like Sarvarth Siddhi Yoga are also expected. The day holds immense religious importance for prosperity and peace for ancestors.

12 Jun 2026 12:44 pm
HVR Solar signs global MoUs to set up 1.2 GW TOPCon solar cell manufacturing facility in Uttar Pradesh

HVR Solar Ltd is establishing a 1.2 GW TOPCon solar cell manufacturing line in Uttar Pradesh through strategic MoUs signed at SNEC PV Power Expo 2026. Partnering with global technology providers, the facility aims to boost India's domestic renewable energy supply chain, reduce import reliance, and create over 500 local jobs.

12 Jun 2026 12:44 pm
Seven more Shigella cases confirmed in Kerala's Wayanad

Seven new Shigella infections have been confirmed among students in Wayanad, Kerala, bringing the total to 16. Health officials are intensifying surveillance and preventive measures, stating all infected children are in satisfactory condition. The outbreak is linked to contaminated well water at a local school.

12 Jun 2026 12:39 pm
Quote of the Day by Elvis Presley: Ive never gotten over what they call stagefright. I go through it every show, Im pretty concerned, Im pretty much

Elvis Presley, a global icon, transformed music and culture with his unique blend of genres. Despite immense fame, he admitted to persistent stage fright, viewing it as a motivator for consistent, high-energy performances. His perspective emphasizes humility, professionalism, and approaching every new challenge with fresh effort, a lesson applicable beyond entertainment.

12 Jun 2026 12:35 pm
African proverb of the day: 'A woman is attractive when...' Life lessons from Zimbabwean saying on relationships, trust, infidelity and human nature

African proverb of the day highlights a Zimbabwean saying that explores relationships, trust, infidelity, comparison and human nature. The proverb explains why people often admire what belongs to others while overlooking the value of what they already have. Its message encourages appreciation, loyalty and effort in personal relationships instead of envy and unhealthy comparisons.

12 Jun 2026 12:33 pm
Fresh fruits, creamy buffalo milk, no preservatives: This 55-year-old Mumbai shop sells handmade ice creams with over 50 flavours. How two brothers kept a family legacy alive through innovation and tradition

Apsara Ice Creams, founded in Mumbai in 1971, crafts over 50 hand-churned ice cream varieties. Using fresh buffalo milk and real ingredients, the brand avoids preservatives. From its humble beginnings, Apsara has grown, introducing popular flavours like Roasted Almond and even a unique pani puri ice cream. This traditional approach ensures a rich and creamy texture for every scoop.

12 Jun 2026 12:30 pm
RBI move sparks race among banks to raise FCNR(B) deposit rates; smaller lenders offer over 7% on USD deposits

Banks are aggressively increasing interest rates on NRI dollar deposits. This move follows a special RBI dispensation to boost foreign currency inflows. Several lenders are now offering over 7 percent on US dollar FCNR(B) deposits. This initiative is expected to attract significant foreign currency into India. The competition among banks is intensifying to secure these valuable overseas funds.

12 Jun 2026 12:29 pm
Hoax bomb threat delays Indigo's Lucknow-Delhi flight

A Lucknow-Delhi IndiGo flight, carrying approximately 180 passengers, was delayed on Friday due to a hoax bomb threat. A tissue paper with omb written on it was discovered in the aircraft's lavatory, prompting a security check. No actual explosive was found, and legal and security procedures are ongoing.

12 Jun 2026 12:06 pm
Anupam Khers football World Cup moment goes viral: I was on football field, wearing India jersey, charging towards goal

Actor Anupam Kher shared a unique experience where a simple ad shoot became a vivid football fantasy. He imagined representing India in a World Cup scenario, showcasing the power of creativity. This imaginative moment resonated with fans during the ongoing FIFA World Cup 2026 season. Kher encouraged everyone to let their imagination score winning goals in life.

12 Jun 2026 12:01 pm