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The Economic Times

Economy / The Economic Times

IRS tax refund news June 2026: Which taxpayers qualify for delayed refunds and when could payments arrive?

More than $3,400 is the projected average IRS tax refund for many eligible filers this year, making tax refund updates one of the most searched financial topics in June 2026. Thousands of taxpayers are still waiting because of disaster-related filing extensions, paper return processing, and missing direct deposit details. If your tax refund has not arrived yet, June could be the month. The latest IRS refund status data shows many delayed federal tax refund payments are now moving through the sys

4 Jun 2026 4:52 am
African proverb of the day: 'Differences between husband and wife should not...' Life lessons from Somalian proverb on conflicts, privacy, resolution, gossip, discretion, relationships, and why one should never bring marital disagreements in open

African proverb of the day highlights the importance of privacy in marriage and relationships. The Somalian proverb, Differences between husband and wife should not be aired in the marketplace, teaches people to resolve conflicts with care, avoid gossip, seek guidance from trusted advisers, and protect the dignity of relationships. Its message remains relevant in a world shaped by social media, public discussions, and growing interest in healthy conflict resolution.

4 Jun 2026 4:37 am
Why do humans take so long to grow up compared to other animals and how brain evolution reshaped human development and survival today?

Humans take nearly 18 to 25 years to reach full maturity, far longer than most mammals. This slow human growth is driven by brain evolution, higher cognitive demand, and long childhood learning. Human development slow brain evolution reason explains our extended dependency phase. Unlike other species, humans invest heavily in learning, language, and survival skills. It is a trade-off where slower physical maturity creates advanced thinking and long-term evolutionary success.

4 Jun 2026 3:40 am
Spanish proverb of the day: 'When a man is in love, he acts like a child. But when a woman is in love, she...' Life lessons on innocence, vulnerability, playfulness, dependency, care, protection, and why love can make a person change his behavior

Spanish proverb of the day explores how love can change human behavior. The proverb explains that a man in love may become vulnerable and playful, while a woman in love may become caring and protective. It highlights themes of innocence, dependency, care, emotional connection, and devotion. The saying reflects traditional views of relationships and continues to offer lessons about affection, support, and emotional bonds in modern life.

4 Jun 2026 3:22 am
Could these 8 philosophical perspectives completely change the way we understand human nature and what it means to be human?

More than 8 major philosophical perspectives, from Homo sapiens to Homo viator, have attempted to explain human nature, human identity, and human existence. These theories reveal that people are driven not only by intelligence but also by emotions, culture, creativity, conflict, and the search for meaning. As technology reshapes modern life, understanding what makes humans truly human offers deeper insight into society, behavior, and our evolving future.

4 Jun 2026 2:31 am
Proverb of the day: 'A girl that blushes too much, knows...' Life lessons on experience, knowledge, innocence, and why is it not always essential to speak to prove your worth

Proverb of the day focuses on the saying, A girl that blushes too much, knows too much. The quote is often linked to wisdom about experience, knowledge, innocence, and awareness. However, researchers note that it is not an authentic Chinese proverb. The saying reflects older Western social beliefs about modesty and behavior. Its meaning, life lessons, cultural background, relevance, and related expressions continue to spark discussion today.

4 Jun 2026 2:15 am
Life Advice of the Day by the 'Missile Man of India' Dr. A.P.J. Abdul Kalam: 'Dream, Dream, Dream...' The incredible power of turning thoughts into action

Dr. A.P.J. Abdul Kalam, India's People's President and Missile Man, inspired millions with his life advice: Dream, dream, dream. Dreams transform into thoughts and thoughts result in action. His journey from humble beginnings to a respected scientist and leader exemplified turning aspirations into tangible achievements through dedication and hard work.

4 Jun 2026 2:14 am
Uber slashes 23% of HR and recruitment jobs, says AI isn't the reason - here's why Uber is laying off employees

Uber layoffs 2026 reason explained: Uber is reorganizing its People and Places division, leading to layoffs affecting approximately 23% of its HR and recruitment teams. The company clarified these cuts are not AI-related but aim to create a more modern and efficient organization. These changes represent less than 1% of Uber's total global workforce.

4 Jun 2026 1:50 am
Life Advice of the Day by Jensen Huang: Greatness comes from character, and character isnt formed out of smart people. It is formed out of... From washing plates as a child to building the AI revolution: how NVIDIAs billionaire CEO turned failure into fortune and changed technology forever

Jensen Huangs life advice is simple but powerful: character grows through struggle, not comfort. The NVIDIA CEO did not become a billionaire because he avoided failure. He became one by facing it repeatedly. Long before the AI boom, Huang made bold bets on GPUs, artificial intelligence, and accelerated computing. Many doubted the vision. Today, NVIDIA sits at the center of the AI revolution. For Huang, true greatness is not measured by intelligence alone. It comes from perseverance, discipline,

4 Jun 2026 1:43 am
Quote of the day by Oscar Wilde: 'When a man has once loved a woman he will do anything for her except continue to love her...' The Irish writer's timeless lesson on how love and relationships change with time

Oscar Wildes quote of the day offers a witty yet thought-provoking reflection on how romantic feelings can change over time. The celebrated Irish writer, known for his sharp observations on human nature, suggests that while affection, care, and loyalty may remain, lasting romantic love is not always permanent. The quote highlights the complexities and contradictions of relationships, a theme that appears throughout Wildes work.

4 Jun 2026 1:27 am
Mastercard to look beyond card biz; target tier 3 & 4 markets for growth

Mastercard is targeting India's expanding credit-on-UPI market. The company is looking beyond traditional card payments for future growth. Mastercard is focusing on new customer segments and underserved markets. They are also developing solutions for commercial payments. Mastercard aims to be part of all emerging payment technologies.

4 Jun 2026 12:58 am
Financial fixes and high-yield savings: Are you missing the easiest ways to save more and spend less?

More than half of savers still earn under 3% interest, while many households lose around $200 yearly on unused subscriptions. These financial fixes can change that fast. Simple money-saving tips like checking your credit report, reducing credit card debt, boosting 401(k) savings, finding high-yield savings accounts, and lowering auto insurance costs can take less than an hour. Smart personal finance decisions today can improve financial security, increase savings, and strengthen long-term wealth

4 Jun 2026 12:50 am
Quote of the day by Plato: 'All men are by nature equal, made all of the same earth by one Workman, and however we...' - inspiring lessons on equality, respect, why status or wealth does not define a persons worth by father of idealism and originator of platonic love concept

Quote of the day by Plato: Ancient Greek philosopher Plato believed all humans are equal by nature. He stated a poor peasant holds the same worth as a mighty prince before God. This timeless message challenges societal hierarchies. It reminds us that true value lies not in wealth or status but in our shared humanity.

4 Jun 2026 12:49 am
Spanish Proverb of the Day: She who loves an ugly man thinks Life lessons on relationships, perception, attachment, acceptance and why love is blind

Spanish Proverb of the Day highlights the meaning of She who loves an ugly man thinks him handsome. The saying reflects how love can shape perception, where ugly can refer not only to physical appearance but also to personality traits, flaws, or imperfections that might be judged negatively by others. It suggests that when emotional attachment is strong, a persons view of another can change, making shortcomings less visible or less important in their eyes.

4 Jun 2026 12:49 am
Suzlon seeks to put the wind in all sails of its renewables ship

Suzlon Group is set to significantly expand its renewable energy business. The company aims to quadruple annual sales to 10 GW and grow managed assets to 70 GW by FY31. Suzlon will now offer integrated solutions including wind, solar, and battery storage. A new battery manufacturing facility is planned.

4 Jun 2026 12:46 am
Quote of the day by Heraclitus: 'Those who are awake all live in the same world. Those who are asleep...' Life lessons on success, hardships, career and human nature by Greek philosopher

Quote of the Day by Heraclitus highlights the idea that aware people understand reality in a similar way, while those who ignore truth remain trapped in personal illusions. The quote offers lessons about success, hardships, career growth, decision-making, human nature, and the importance of understanding the world through reason, awareness, and shared experiences.

4 Jun 2026 12:41 am
Govt plans WhatsApp bot for PM Surya Ghar scheme to help households estimate subsidies, costs and savings

A new WhatsApp bot is coming to simplify rooftop solar adoption. Households can easily check subsidies and installation costs for the PM Surya Ghar Muft Bijli Yojana. This initiative aims to speed up the scheme's progress towards its ambitious target. The bot will provide quick estimates and vendor options, making it easier for more people to go solar.

4 Jun 2026 12:36 am
Norms issued to estimate District Domestic Product

New uniform guidelines for estimating district domestic product have been released by the statistics ministry, aiming for standardized indicators and bottom-up data collection. This move, aligning with the revised 2022-23 national GDP base year, will enhance decentralized planning and evidence-based policy formulation across all key economic sectors at the district level.

4 Jun 2026 12:34 am
'Hero will benefit if fuel efficiency is top of mind': Hero MotoCorp CEO

Hero MotoCorp reports no domestic demand slump despite global challenges. The company is aggressively expanding its operations. CEO Harshavardhan Chitale expresses confidence in India's economic resilience. Hero MotoCorp is focusing on growing segments like scooters, premium motorcycles, and electric vehicles. Significant capital expenditure is planned for capacity expansion and new product launches in domestic and international markets.

4 Jun 2026 12:30 am
We expect interest rates to be left the way they are: Ficci chief Anant Goenka

Ficci president Anant Goenka advocates for steady interest rates, citing supply-side price pressures from the West Asia crisis. He suggests restricting rupee intervention to volatility management and believes foreign capital will return after market corrections, while emphasizing proactive engagement with FTAs and focus on sunrise sectors for manufacturing.

4 Jun 2026 12:26 am
Claude, other AI tools used to breach CBSE portals: IIT Panel

AI tools like Claude were used to find vulnerabilities in CBSE's on-screen marking portal, revealing the vendor's inadequate security knowledge. Following this, data was moved to a government-controlled AWS segment. A high-level panel addressed these issues and also secured the JEE Advanced portal amid concerns of data breaches.

4 Jun 2026 12:26 am
IKEA sets up India development centre in push beyond sourcing

IKEA has launched a new product development center in India. This move positions India as a key hub for designing home furnishings for both local and international markets. The company aims to develop affordable products relevant to Indian consumers. This expansion signifies IKEA's commitment to India's full value chain, from retail to manufacturing and now product innovation.

4 Jun 2026 12:24 am
SC constitutes high-powered panel to re-examine Aravalli definition

The Supreme Court has formed a special committee to review the Centre's report on the Aravalli hills. This panel will examine the definition and boundaries of the hill range. It will also address unclear findings. The committee is headed by Kanchan Devi. They must submit a full report by August 31.

4 Jun 2026 12:21 am
The gut-brain bombshell: How bacteria in babies may hold the key to preventing Autism, ADHD

New research reveals a significant link between a baby's early gut bacteria and future brain health, potentially influencing the risk of conditions like ASD and ADHD. Scientists discovered that specific microbes may offer a protective effect, opening avenues for future diet-based interventions and probiotics to support neurodevelopment.

4 Jun 2026 12:20 am
Cabinet approves Rs 10,000 crore fund to cap jet fuel prices; clears Rs 24,249 crore highway projects

Aviation Turbine Fuel prices will be capped by state-run oil companies. The government has approved a 10,000 crore support scheme. This aims to protect Indian airlines from higher global crude oil costs. Jet fuel prices are fixed at 115 per litre for airlines. This measure will help keep airfares affordable for passengers. The scheme will operate for 36 months.

4 Jun 2026 12:20 am
Greek proverb of the day: 'Through our ears others may persuade us not to believe the evidence of...' - motivational life lessons on critical thinking, trusting facts and evidence over opinions and how to not get manipulated and navigate misinformation and social influence

Greek proverb of the day: Ancient Greek saying highlights a challenge that people often believe what they hear over what they see. This proverb teaches us to think critically. It urges us to trust evidence and our own judgment. In today's digital world, this message is more important than ever. It promotes media literacy and informed decisions.

4 Jun 2026 12:20 am
OECD sees India growth slowing to 6.3% from 7.6% in FY27

India's economy faces a slowdown to 6.3% in fiscal 2027. Higher energy costs from the Middle East conflict will impact investment and exports. Despite this, India remains a top global growth engine. Private consumption and investment are expected to moderate. Inflation will rise before easing. Global growth also slows.

4 Jun 2026 12:20 am
Thali costs climb in May: Crisil report

Home-cooked vegetarian and non-vegetarian thalis saw a 5% and 7% price increase in May, respectively, due to rising costs of tomatoes, vegetable oils, and LPG. Tomato prices surged 57% year-on-year, with further increases expected due to production declines and heat-related concerns. Potato and onion prices are also anticipated to rise, while pulses are expected to remain stable.

4 Jun 2026 12:14 am
Ignored warning? Delhi HC's fire safety order remained unimplemented before hotel tragedy

Delhi High Court ordered urgent action on fire safety in city hotels and restaurants. This directive came months before a deadly fire. Authorities have not yet complied with the court's order. The petitioner sent reminders to government officials. The recent fire highlights the critical need for these safety measures.

4 Jun 2026 12:10 am
ED team reaches Abhishek Banerjee's home with June 15 summons

An Enforcement Directorate team visited Abhishek Banerjee's Kolkata home to deliver a summons. He is required to appear at the ED office on June 15 regarding the primary school recruitment scam. This occurs as the Trinamool Congress faces internal challenges. Banerjee also faces a CID summons on June 8 for signature mismatches.

4 Jun 2026 12:01 am
Nepal a priority partner, Modi tells RSP chief Lamichhane

Prime Minister Narendra Modi met with Rabi Lamichhane, chairman of Nepal's Rastriya Swatantra Party. Modi highlighted Nepal as a priority partner. He expressed a strong desire to work closely for a shared and prosperous future. India looks forward to collaborating with Nepal's new government. This aims to elevate the special relationship between the two countries.

4 Jun 2026 12:00 am
Iran fires missiles, US strikes Iran facility after reports of faltering peace talks

Iran's paramilitary Revolutionary Guard said it had targeted the headquarters of the US Navy's 5th Fleet in Bahrain and another country in its attack, without naming Kuwait. It said it launched its attack in response to the US firing a missile into the engine room of another oil tanker trying to reach Iran despite the US blockade.

4 Jun 2026 12:00 am
Rs 25 crores earned just because of laziness: How a man's one financial decision helped him build massive wealth without even trying

A Reddit post has gone viral after a user shared how his friend accidentally built a fortune worth nearly Rs 25 crore by doing nothing. The employee, who received stock grants while working at Micron, had planned for years to sell the shares and move the money into a diversified index fund but never got around to it. Over time, the stock surged in value, turning an investment reportedly worth around $300,000 into $2.8 million.

3 Jun 2026 11:59 pm
As Mamata Banerjee's TMC struggles, 'secular rivals' eye state's Opposition space

As the TMC faces internal rifts and a potential split post-defeat, West Bengal's Left and Congress parties eye an opportunity to reclaim opposition space. The BJP's strategy in the state differs from Maharashtra, aiming to weaken Mamata Banerjee by stoking rebellion within her party. Political observers are closely watching the Muslim vote's response to these shifting dynamics.

3 Jun 2026 11:57 pm
Convoys to carpools: Ministers share rides to Cabinet meetings

Several Union ministers carpooled to a recent Cabinet meeting. This move follows Prime Minister Narendra Modi's suggestion to reduce vehicle use. Ministers shared rides to promote fuel conservation and energy security. The initiative aligns with global calls for responsible fuel consumption. Many ministers opted for shared transport from their nearby official residences.

3 Jun 2026 11:57 pm
Narendra Modi set to overtake Jawaharlal Nehru's elected PM record on June 10

Prime Minister Narendra Modi is set to achieve a significant record. On June 10, 2026, he will become India's longest-serving Prime Minister since the first Lok Sabha in 1952. This milestone surpasses Jawaharlal Nehru's tenure. Modi's leadership comes as India's population and voter participation have grown substantially. Political competition has also seen a sharp increase over the years.

3 Jun 2026 11:52 pm
Carlsberg bolsters India leadership ahead of planned IPO, appoints four new board members

Carlsberg India IPO: Carlsberg India is preparing for a stock market debut. The company has added four directors to its board and converted to a public limited entity. This move strengthens its governance structure as it moves towards a potential Initial Public Offering. The brewer aims for a valuation of approximately 30,000-35,000 crore. This strategic step signals its readiness for public investment.

3 Jun 2026 11:44 pm
Bitcoin crash explained: Why BTC USD plunged below $66,000 and why Citigroup says Strategy's BTC sale isn't the real reason for the crypto's price drop

Bitcoin crash reason explained: Bitcoin experienced a significant price drop, with Citigroup attributing the downturn primarily to substantial outflows from spot Bitcoin ETFs. Despite a notable sale by Strategy, analysts emphasize that ETF flows are the stronger indicator of market demand and price movement.

3 Jun 2026 11:38 pm
African Proverb of the Day: 'In dealing with a man who thinks you are a fool...'-Life lessons on wisdom, patience, humility, and why silence can be a sign of strength

Ancient African wisdom reveals that appearing foolish for peace is a sign of intelligence. This proverb highlights that silence is not weakness but a deliberate choice. True strength lies in restraint and emotional maturity. It teaches valuing harmony over winning arguments. This ancient lesson remains relevant today for navigating relationships and social interactions.

3 Jun 2026 11:32 pm
SpaceX IPO date countdown begins: When is the SpaceX IPO and how can you buy SpaceX stock before the biggest IPO in market history?

The SpaceX IPO is shaping up to be one of the most anticipated financial events in modern market history. Reports suggest that Elon Musks aerospace giant could price its shares on June 11, with trading potentially beginning on June 12. If the proposed valuation holds, the SpaceX IPO could become the largest public offering ever seen, placing the company among the most valuable businesses on Earth.

3 Jun 2026 11:31 pm
Pharma exports to US seen muted this year

Indian pharma exports to the US face a subdued outlook this year. Policy uncertainties, falling generic prices, and regional conflicts are impacting shipments. US buyers are managing inventories more closely. A push for local manufacturing in the US also poses a challenge. This situation is creating caution among buyers for large forward orders.

3 Jun 2026 11:31 pm
Quote of the day by P.G. Wodehouse: 'Marriage is not a process of prolonging love, but of mummifying the corpse.' Why one of world's funniest writers had such take on marriage

P G Wodehouse quotes on love: Humour writer P.G. Wodehouse's famous quote on marriage continues to spark discussion decades after it was written. The line, Marriage is not a process of prolonging the life of love, but of mummifying the corpse, is a witty and exaggerated observation on how romance can evolve in long-term relationships. While humorous in tone, the quote resonates with many readers because it playfully captures a common concern about love, routine and married life.

3 Jun 2026 11:28 pm