The Economic Times
Elections 2026Economy / The Economic Times
Iranian forces stopped a tanker from passing through the Strait of Hormuz. Reports of explosions near Bandar Abbas and Sirik were linked to military activity. Iran had previously announced a closure of the Strait. A military source stated the tanker complied after warnings.
Nutritionist Luke Coutinho highlights common errors in preparing and consuming Indian thalis. Many people overemphasize carbohydrates like rice and roti, neglecting vegetables and protein sources like dal. Eating habits such as doubling up on grains or starting with rice can disrupt blood sugar levels. Coutinho advises a balanced approach, prioritizing vegetables and protein before carbohydrates for a healthier meal.
Union Minister Piyush Goyal stated that India must expand international engagement to achieve its USD 30 trillion economy goal by 2047. He highlighted that developed nations' demographic challenges present opportunities for India's skilled workforce and that strategic partnerships will complement, not compete with, Indian industry.
Senior Indian Foreign Service officer Rudra Gaurav Shresth will be India's next Ambassador to Turkiye. Shresth, currently Ambassador to Iran, is a career diplomat with extensive experience. He has served in various diplomatic missions globally. This appointment follows recent Foreign Office Consultations between India and Turkiye. Both nations reviewed bilateral relations and discussed cooperation in key areas.
Quote of the Day by William Shakespeare: William Shakespeare quotes remain among the most searched topics in motivational quotes, life wisdom quotes, and success mindset inspiration across Google Trends today. These timeless words reflect leadership thinking, human behavior, love, truth, and destiny in a simple yet powerful way.
ICC Womens T20 World Cup 2026 schedule: The ICC Women's T20 World Cup 2026 is set to commence in England and Wales from June 12 to July 5, featuring 12 teams. A highly anticipated Group A clash will see arch-rivals India face Pakistan in Birmingham on June 14. The tournament culminates with the final at Lord's on July 5.
The Indian Navy executed a high-risk operation to retrieve an unexploded missile warhead from a crude oil tanker. The vessel, MT Olympic Life, experienced an explosion while sailing off Oman. Naval specialists used advanced techniques to safely extract the ordnance. This successful mission highlights India's commitment to maritime safety and its technical capabilities in the Indian Ocean Region.
Buddhist wisdom highlights the power within. Past and future concerns are minor compared to inner strength. This ancient insight offers a vital antidote to modern burnout. It teaches psychological grounding and builds resilience. Cultivating inner peace is a survival skill in today's world. Mastery over internal responses brings true power.
Britain's medicine regulator has approved Novo Nordisk's weight-loss pill. This makes the UK the first European market for the oral treatment. Over 10 million people with obesity in the UK now have an alternative to injections. Drugmakers are racing to expand use of these transformative medicines. The market is expected to reach over 100 billion dollars by 2030.
Iran has strongly condemned a US attack on a commercial vessel. The incident resulted in the deaths of three Indian nationals. Iran has accused the US of armed robbery and state piracy. India's Ministry of External Affairs also condemned the attack. The ministry confirmed 21 Indian crew members were rescued. India expressed concern over regional security and called for de-escalation.
The Department of Promotion of Industry and Internal Trade is prioritizing automation in explosives manufacturing. This move aims to significantly improve safety and prevent tragic accidents. The department is also strengthening regulatory reforms and increasing the capacity of the Petroleum and Explosives Safety Organisation.
Delhi's Tughlakabad fire: A devastating fire ripped through a multi-storey residential building in Delhi's Tughlakabad area early Friday. Three lives were tragically lost and at least eight people sustained injuries. Firefighters worked tirelessly to rescue trapped residents. The blaze, which may have started in parked vehicles, was brought under control after intense firefighting operations. Investigations into the exact cause are ongoing.
A software engineer in Gurgaon has built a lucrative side hustle by operating four coconut water carts. While working his full-time tech job, he manages the business by purchasing stock daily and collecting earnings in the evening. This seemingly simple venture reportedly generates an additional Rs 15-20 lakh annually, proving that profitable opportunities can be found in ordinary businesses.
IMD Yellow alert Delhi rain: Delhi, Noida, and Gurugram are bracing for severe thunderstorms and moderate rainfall on June 12, 2026. The India Meteorological Department has issued a yellow alert for Delhi, forecasting thundersqualls with wind speeds up to 80 kmph. This weather activity is triggered by a cyclonic circulation over Pakistan, bringing relief from the heat.
President Donald Trump indicated that Iran's Supreme Leader, Mojtaba Khamenei, has reportedly approved a significant understanding with the U.S. This proposed agreement, described as a very strong memorandum of understanding, is expected to lead to the reopening of the Strait of Hormuz and the cessation of American blockades on Iranian ports.
Mexico vs South Africa World Cup: Mexico kicked off their FIFA World Cup 2026 campaign with a dominant 2-0 victory over South Africa at the Estadio Azteca. Julin Quiones scored the tournament's first goal, followed by a header from Ral Jimnez, ending Mexico's long opening-match winless streak. The game was also historic for featuring three red cards.
Earning a large salary does not automatically mean wealth. Chartered Accountant Nitin Kaushik explains that focusing on income alone is misleading. True financial strength comes from what you keep, invest, and grow. A person with a lower income who is debt-free and invests consistently may be building more wealth than a high earner burdened by loans and expenses.
Oil shipments through the Strait of Hormuz are increasing for non-Iranian producers. This surge occurs despite ongoing tensions between Washington and Tehran. Iranian oil exports have significantly decreased. This situation impacts global oil prices. Traders are closely watching future transits. The US continues actions against vessels approaching Iranian ports.
Industrial and commercial users can no longer buy petrol and diesel from petrol pumps. They must now get fuel from bulk sale points. This change follows a surge in demand for diesel. The government aims to ensure fair distribution for all consumers. Restrictions are in place for up to 90 days.
President Trump announced a potential peace deal with Iran, aiming to reopen the Strait of Hormuz to shipping this weekend. While Trump claimed a great settlement and Iran's approval, Iranian officials stated no final decision has been reached, with negotiations ongoing on key issues and ed lines remaining firm.
India's External Affairs Minister S. Jaishankar stated India purchased Russian oil after the Ukraine war began in 2022. He explained the oil was available and affordable. The United States had specifically requested India continue buying Russian crude. This action aimed to stabilize global energy markets. India's decision was driven by market realities, not politics.
Marriott International sees India as a key growth market. The company plans to double its hotel presence in India within five years. This expansion includes over 200 hotels in the pipeline. Marriott's confidence stems from India's growing middle class and strong travel demand. The company is committed to investing further in India, bringing more brands and properties to the country.
Quote of the Day by Robin Williams highlights a humorous yet thoughtful view of marriage, relationships, love, intelligence, happiness, peace, and human nature. The quote, Marriage is a triumph of imagination over intelligence, continues to spark discussion about commitment, expectations, understanding, and the choices people make in relationships. It also reflects the wit and life experiences of Robin Williams, whose career and personal journey influenced many people across generations.
Quote of the Day by Henry Ford highlights the importance of responsibility, hard work, honesty, and personal standards. Henry Ford believed that true quality comes from doing the right thing even when nobody is watching. His words remain relevant in workplaces, businesses, education, and daily life. The quote encourages people to focus on consistent effort, integrity, and long-term success rather than seeking praise or recognition from others.
An Indian proverb, 'The mangoes won't be ripe sooner if you're in a hurry,' highlights the necessity of patience for worthwhile endeavors. It emphasizes that significant achievements, like ripening mangoes, require time, sunlight, and the right conditions, warning against the frustration of expecting instant results and advocating for consistent effort and perseverance.
The quote of the day is from Nikola Tesla, from a 1931 interview, where he offered a striking philosophical view of human existence, describing people as constantly changing waves in time and space rather than fixed individuals. He suggested that what we call individuality is an illusion created by the rapid succession of physical and mental changes, and that identity itself is shaped by the molecular structure of the body. Tesla also shared his broader vision of science and the future, includin
A Chinese proverb teaches that even the largest challenges are overcome by starting with small, consistent efforts. The saying, 'The person who removes a mountain begins by carrying away small stones,' highlights the power of patience and steady progress. This wisdom remains relevant today, encouraging individuals to break down daunting tasks into manageable steps.
Bitcoin market crash 2026 analysis: Bitcoin's price decline is attributed to a simultaneous slowdown in demand from two key sources: spot ETFs and digital asset treasury firms. Spot ETFs have seen significant net outflows totaling over $5.72 billion since mid-May, while treasury firms have sharply reduced their buying pace, shifting from aggressive accumulation to caution.
Hollywood star Brad Pitt's quote, Everything is more beautiful because were doomed. You will never be more lovely than you are now. We will never be here again, emphasizes the preciousness of the present. His words encourage appreciating life's fleeting moments, as their impermanence is what imbues them with beauty and meaning, urging us to live fully in the now.
Football is more than a game. Bill Shankly's famous words capture its deep emotional hold on fans. Supporters plan lives around matches, experiencing extreme highs and lows. This passion connects communities and creates lasting memories. The sport's global appeal continues to grow, with billions watching major events. Football's enduring power lies in its blend of dreams, loyalty, and shared experiences.
America's ascendancy to the top spot marks a stunning reversal for a country that was dependent on West Asian oil for decades and suffered from an oil embargo imposed by some OPEC members in 1973 to retaliate against US support for Israel. US fortunes began to change after 2010, when oil and gas output from its shale formations soared, first making it the world's top gas and then the world's top oil producer.
India is a significant market for Citi, with growth expected in AI, energy, and data-center infrastructure. Foreign investors are currently cautious, questioning India's position in the global AI race and seeking improvements in ease of doing business. Despite short-term volatility, long-term conviction in India remains strong, supported by favorable demographics and growing manufacturing.
India has placed restrictions on institutional and commercial buyers of fuel. These customers must now source motor spirit and high-speed diesel from their own consumer pumps. The measure is in effect for an initial period of up to 90 days. Retail outlets are also limited to selling a maximum of 200 litres of high-speed diesel per customer or vehicle daily.
Public sector banks' advantage over private lenders is fading. Excess liquidity and low credit costs are diminishing. Liquidity coverage ratios have dropped, and credit costs are expected to rise. Competition from private banks will intensify. Private sector lenders are projected to grow faster from next fiscal year, reclaiming market share.
Finance Minister Nirmala Sitharaman stated that the Global South should not bear the brunt of global imbalances and conflicts. Representing India at a summit, she emphasized the need for coordinated global action and stronger multilateral cooperation to build resilient economies and ensure inclusive growth for all.
The East African nation awarded China Communications Construction Co. an engineering, procurement and construction contract to update and expand the Jomo Kenyatta International Airport, the people said asking not to be identified as they are not authorised to discuss the matter.
Bank loans are seeing a surge. Credit growth reached 17.4 percent by May 31, the highest in almost two years. This rise is driven by companies seeking loans as bond market yields increase. Deposits are growing slower than credit. This trend indicates a shift in corporate funding strategies. Consumer demand remains steady.
Quote of the Day by Robert De Niro: Robert De Niros quote, Sometimes if you have financial restraints, its a benefit. It forces you to come up with a more creative way, explores the importance of creativity, resourcefulness, and adaptability when facing limitations. The quote suggests that financial challenges do not always prevent success; instead, they can encourage people to think differently, solve problems more creatively, and make better use of the resources available to them.
Vodafone Idea shareholders approved a 4,730-crore investment from the Aditya Birla Group via preferential allotment of warrants, increasing AB Group's stake to around 13%. Chairman Kumar Mangalam Birla stated the company's focus now shifts to execution across operations, customer service, and network expansion. This capital infusion will support capital expenditure and loan repayment, reinforcing Vi's financial health.
The Bureau of Indian Standards has introduced a new framework for community seed banks. This standard aims to conserve India's traditional seed varieties. It provides guidelines for seed collection, storage, and quality. This initiative is crucial as agriculture faces increasing climate challenges. Farmers and local groups can now manage and exchange locally adapted seeds more effectively.
Several states have constituted dedicated multi-member teams to ensure no facility slips through the cracks before a GMP Certificate is issued, people in the know told ET. The inspections will now be applicable to all manufacturing units without exception including MSMEs, which had previously been granted a relaxation period that lapsed in January.
Ancient Chinese philosopher Laozi's timeless wisdom emphasizes accepting life's natural and spontaneous changes rather than resisting them, as this resistance only leads to sorrow. His teachings, found in the Tao Te Ching, advocate for harmony with the natural world and finding peace by moving with life's flow, not against it.
The Federation of Indian Pilots is advocating for a comprehensive judicial probe into the AI-171 crash, which resulted in a staggering loss of 260 lives shortly after takeoff last year. They are strongly recommending that authorities refrain from releasing any interim findings, asserting that such reports could lead to public confusion and unwarranted speculation.
A special CBI court in Mumbai transferred a fraud case against Nirav Modi to a magistrate's court. The CBI stated that corruption charges against Punjab National Bank officials could not be proven. The case, involving Rs 321.88 crore, will now proceed against private individuals only.
Air India also said 94% of those injured on the ground have received either interim or final compensation, while discussions on final settlements are underway.

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