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The Economic Times

Economy / The Economic Times

Putin hails New Delhi as 'reliable partner'; blasts West over 'detrimental' interference in India-Russia ties

Russian President Vladimir Putin stated Russia aims to expand its strong relationship with India. He believes US pressure on India to reduce cooperation with Russia is counterproductive. Putin praised India's economic growth and independent foreign policy. He expressed confidence in increasing bilateral trade. Russia sees India as a reliable partner and is committed to deepening ties.

5 Jun 2026 7:04 am
Life lessons men learn too late in life that nobody teaches you but everyone figures out alone

Life Lessons shape every success story. Research shows resilient people adapt faster and achieve more. Strong habits create lasting personal growth. Discipline drives success when motivation fades. These powerful life lessons improve mental strength, inner peace, and self-confidence. Small daily actions build extraordinary results. The biggest transformation starts when you change your choices, mindset, and direction today.

5 Jun 2026 6:50 am
Peddi box office collection day 1: Ram Charan scores a massive opening, four years after RRR. Crosses Rs 100 crore worldwide

Ram Charan's sports drama Peddi has made a powerful box office debut. The film earned over Rs 100 crore globally on its opening day. This success marks a significant return for the actor after RRR. Peddi's strong performance, especially in Telugu-speaking regions, indicates positive audience reception. Read on to know how much it earned in India.

5 Jun 2026 6:42 am
Quote of the Day by Saint Francis of Assisi: What is it that stands higher than words? Action. What is it that stands higher than action? ... Learn the life-changing lessons from a man who walked away from riches, found true purpose, and inspired generations to live better

Quote of the Day by Saint Francis of Assisi delivers a timeless lesson that feels more relevant than ever. The famous Saint Francis of Assisi quote, What is it that stands higher than words? Action. What is it that stands higher than action? Silence, reveals a powerful truth about wisdom, personal growth, leadership, and inner peace. Many people speak about values. Fewer live them. Even fewer reach the quiet confidence that needs no applause

5 Jun 2026 6:24 am
U.S Stock Market on Friday: S&P 500, Dow Jones, Nasdaq, Russell 2000 investors eye May jobs report. Check VIX volatility index, list of key Wall Street factors

U.S Stock Market investors will keep an eye on the latest jobs report. It will indicate the health of the economy amid fears of rising inflation.

5 Jun 2026 6:22 am
PM Modi good friend, India and US will get to trade deal: Trump

US President Donald Trump believes a trade deal with India is imminent. He stated his strong friendship with Prime Minister Narendra Modi will facilitate an agreement. Negotiations are ongoing for an interim bilateral pact. Trump highlighted past Indian tariffs on US goods, including Harley-Davidson motorcycles. He contrasted this with US policies for Indian products.

5 Jun 2026 6:18 am
Aaron judge injury: When will New York Yankees legend play again?

Aaron Judge had started 52 of New Yorks first 59 games in right field. Judge underwent a CT scan on Thursday morning and had an MRI earlier in the week.

5 Jun 2026 5:52 am
Cuba crisis: After power outages of up to 22 hours a day, shortages of tap water, U.S now imposes sanctions on President, Raul Castro, family members

While Cuba has been under a US trade embargo since 1962, President Donald Trump has drastically ramped up pressure in recent months.

5 Jun 2026 5:39 am
S&P 500 setback for Elon Musk owned SpaceX as swift entry for world's biggest-ever IPO into US Stock Market benchmark index ruled out, claim reports

SpaceX posted a net loss of $4.94 billion in 2025, even as revenue rose 33 per cent to $18.67 billion.

5 Jun 2026 5:26 am
Indias long-term growth story intact despite high valuations: Citigroup CEO Jane Fraser

India's economy faces temporary global challenges. Citigroup CEO Jane Fraser states the nation's strong tech talent and diverse economy ensure its long-term growth. Foreign investors are reassessing valuations and risks. Despite current market volatility, India's fundamental economic story remains robust. The world's multipolar shift is seen as beneficial for India.

5 Jun 2026 5:00 am
BIT sweeter? India weighs easing treaty rules with safeguards to attract foreign capital

As the world shifts economically, India is set to revamp its investment treaty frameworks. The government is exploring options to simplify the timelines for foreign entities aiming for global arbitration. This proactive step is aimed at enticing foreign investment into the country, while also incorporating safeguards that will preserve India's sovereign policy-making authority and deter any potential exploitation of treaties.

5 Jun 2026 5:00 am
How Larry Ellison, Masayoshi Son, Michael Saylor AI crypto billionaires reshaping legacy wealth in 2026 markets shift?

Oracles AI cloud surge, SoftBanks OpenAI-backed rebound, and MicroStrategys Bitcoin strategy reflect a new billionaire era. Over $1 trillion in combined market influence is being restructured through technology bets. These high-volume SEO trends highlight AI investment boom, crypto treasury models, and tech mogul comeback stories redefining global markets today. Investors now watch these moves closely as legacy wealth transforms into future-focused digital power.

5 Jun 2026 3:40 am
Quote of the day by Johann Wolfgang Goethe: 'Love grants in a moment what toil can hardly achieve in an age'; lessons on power of love from Germany's greatest writer

German literary icon Johann Wolfgang von Goethe believed love could achieve more in a moment than years of toil. His 1790 drama Torquato Tasso featured this powerful idea. Genuine love creates a strong bond. This sentiment remains relevant today, reminding us of love's healing and happiness-inducing qualities in a transactional world.

5 Jun 2026 2:56 am
Warren Buffett successor Greg Abel leads Berkshire Hathaway $10B Alphabet stock investmentWhy is Big Tech shift accelerating now?

Warren Buffett successor Alphabet investment leads Berkshire Hathaway $10B deal, signaling a major Big Tech shift. Berkshire Hathaway, under Greg Abel, is buying Alphabet stock worth $10 billion at a discounted price near $352 per share. This move strengthens exposure to Google parent company, AI growth, and digital advertising dominance.

5 Jun 2026 2:39 am
Quote of the day by Jim Rohn: 'Women have an incredible ability to pick up on emotional signals. For example, there are some...' - life lessons on womens strength, emotional intelligence and understanding hidden intentions by father of modern personal development

Quote of the day by Jim Rohn: Jim Rohn highlighted the importance of emotional intelligence, urging people to look beyond superficial appearances. He used a powerful metaphor to illustrate how some individuals can mask their true intentions, emphasizing that intuition and sensing subtle emotional cues are vital for navigating relationships and understanding reality.

5 Jun 2026 2:33 am
Social Security payment schedule 2026: Why 7 million SSI recipients will see three months with no checks

More than 7 million Americans receive Supplemental Security Income, making every Social Security payment date critical. In 2026, some Social Security recipients will see three months without an SSI payment deposit, but benefits are not being cut. The Social Security Administration is simply moving payments earlier because scheduled dates fall on weekends. Understanding the Social Security payment schedule can prevent budgeting mistakes. The key shift is timing, not money.

5 Jun 2026 1:59 am
FDI equity inflows up 18% in FY26, US investments double

India saw a significant jump in foreign investment in the last fiscal year. FDI equity inflows increased by 18 percent, reaching $58.84 billion. The United States and Singapore were major contributors to this growth. Overall FDI, including reinvested earnings, also saw a substantial rise. Key sectors attracting investment included computer software and hardware, services, and trading.

5 Jun 2026 1:39 am
Coal ministry invites applications under gasification projects

The Coal Ministry has launched a new initiative to boost coal gasification projects. Companies can now apply for financial incentives to support the development of these projects. The scheme aims to produce 100 million tonnes of gasified coal by 2030. Eligible projects will receive significant financial support, encouraging investment in this crucial sector.

5 Jun 2026 1:34 am
India names Neelkanth Mishra as executive director at World Bank

Economist Neelkanth Mishra has been appointed as India's executive director at the World Bank Group, succeeding Parameswaran Iyer. Mishra, a former part-time member of the Prime Minister's Economic Advisory Council and chief economist at Axis Bank, will serve a three-year term. His role also encompasses representing Bangladesh, Bhutan, and Sri Lanka at the international financial institution.

5 Jun 2026 1:29 am
The hidden shortage threatening the AI boom - how to prepare for what comes next

AI data center power shortage: The AI boom's next frontier is electricity, shifting focus from models and GPUs to the immense power needed for data centers. As AI demand surges, reliable and affordable energy is becoming a critical constraint, forcing companies to rethink infrastructure and secure long-term power contracts. This energy challenge is reshaping AI strategy and deployment.

5 Jun 2026 1:27 am
PM rooftop solar scheme set for 7.5 million milestone

India's PM Surya Ghar Muft Bijli Yojana is set to reach over 7.5 million homes by year-end, with 4 million already benefiting. The scheme, launched in February 2024, aims to boost rooftop solar adoption, especially for families using 1-3 kW of electricity. Over 6.5 million applications are in the pipeline, indicating strong public interest and momentum.

5 Jun 2026 1:22 am
Rajesh Exports likely to lose PLI beneficiary status, face MCA probe

Rajesh Exports faces potential removal from a government battery production incentive scheme. The corporate affairs ministry is considering a probe into the company's financial reporting. This follows a Securities and Exchange Board of India order flagging significant overstatement of revenues. The company's chairman stated no official communication has been received yet. The situation is developing rapidly.

5 Jun 2026 1:18 am
FEMA case against Myntra closed following compounding: ED

Myntra's foreign exchange violation probe has concluded after the RBI issued a compounding order. The Enforcement Directorate gave its no objection, allowing the e-commerce platform to settle alleged FEMA contraventions involving over Rs 45 crore with a one-time payment of Rs 2.88 lakh. This move aligns with the government's 'ease of doing business' initiative.

5 Jun 2026 1:11 am
Clean energy sector to add over 44 lakh jobs by 2030: Study

India's clean energy sector is set to generate over 44 lakh jobs by 2030. Rooftop solar will be the biggest job creator, accounting for nearly 43 percent of these positions. This growth aligns economic progress with sustainability goals. The nation ranks third globally in renewable energy capacity. Focus on skilling and inclusion is vital for quality livelihoods.

5 Jun 2026 1:07 am
Tata Steel eyes 9% India sales growth this fiscal

Tata Steel aims for a nearly 9% increase in Indian steel sales this fiscal year, leveraging expanded capacity at its Kalinganagar facility. The company is also on track to fully repay overseas subsidiary bonds by fiscal year-end, a move that has significantly reduced its exposure to currency depreciation risks and strengthened its financial flexibility for future investments.

5 Jun 2026 1:06 am
Fire at Tata Steel's Port Talbot plant in UK

A fire erupted at Tata Steel's Port Talbot plant in the UK late Wednesday, with all personnel safely evacuated. The blaze occurred on a processing line and is unrelated to recent demolition work. Emergency services are actively working to extinguish the flames. The facility is undergoing a significant transition to an electric arc furnace.

5 Jun 2026 1:02 am
India to roll out 67 FTAs next year as trade push accelerates: Piyush Goyal

India is set to sign several major trade deals soon. Three to four significant trade agreements are planned for the next year. Additionally, two to three free trade agreements will become active within six months. Nine recently concluded trade pacts will be operational in the coming months.

5 Jun 2026 12:58 am
Parimatch probe takes ED to Zepto's doorstep

The Enforcement Directorate is investigating offshore betting platform Parimatch. The agency has questioned quick commerce app Zepto regarding its promotional campaigns for the banned betting app. Investigators found Parimatch used Zepto's delivery flyers to reach households. This action is part of a larger probe into alleged money laundering by the betting platform.

5 Jun 2026 12:57 am
If 3I/ATLAS isnt an alien probe, why is it silent on radio signals but rich in methane from another star system?

If 3I/ATLAS isnt an alien probe, its discovery may be even more important. Scientists detected no radio signals from the interstellar comet despite an extensive search for technosignatures. Instead, the James Webb Space Telescope found unusually high methane and carbon dioxide levels. Those findings suggest 3I/ATLAS formed in a vastly different star system. More than a space mystery, this methane-rich interstellar object acts as a cosmic time capsule, carrying rare clues about planetary formatio

5 Jun 2026 12:56 am
Credit guarantee scheme for MFIs still stuck in low gear

Banks have received an aggregate loan demand of Rs 10,000-12,500 crore under the scheme, according to people familiar with the matter. While the credit guarantee provides 70-80% default coverage, its rigid caps on bank lending rates and strict margin rules for microfinance companies have made it a non-starter so far in terms of loan disbursement, they said.

5 Jun 2026 12:55 am
India, US reaffirm push for trade deal, call talks nearly done except commas

Recent trade negotiations in New Delhi marked a pivotal moment for India and the United States. A dedicated US delegation engaged with Indian leaders in talks centered on various trade challenges. Both nations are eager to forge a robust agreement that not only boosts trade figures but also deepens their economic collaboration.

5 Jun 2026 12:54 am
French Open: Mirra and Maja march into maiden Grand Slam final

Russian teenager Mirra Andreeva and Polish qualifier Maja Chwalinska have reached their first Grand Slam finals at the French Open. Andreeva dominated her semi-final match. Chwalinska made history as the first qualifier to reach the Roland Garros final in the professional era. Both players expressed joy and disbelief at their achievements.

5 Jun 2026 12:53 am
India's rise is coming at an important time... because the world needs India, says Jane Fraser, Board Chair and CEO, Citi

Globalisation is changing. It now balances efficiency with resilience and security. This shift benefits India, a nation with strong tech talent, a diverse economy, and a large market. Global investors see India's long-term story as intact, despite short-term headwinds. India's rise is timely as the world needs its capabilities. The country is a central pillar for future global growth.

5 Jun 2026 12:51 am
Psychology says being a genius doesnt guarantee success, but this surprising trait does and it is not related to IQ: All about the Halo Effect

If you are not the smartest person in the room, it does not mean you are at a disadvantage. The ability to build connections, earn trust and cultivate meaningful relationships can become one of the most valuable strengths you possess, often opening doors that intelligence alone cannot.

5 Jun 2026 12:48 am
Delhi Blaze: Court permits police to quiz hotel owner

A Delhi court has deemed the arrest of hotel owner Lavkesh Bajaj lawful and justified following a devastating fire at his Malviya Nagar establishment. The blaze claimed 21 lives, including nine Indians and twelve foreigners, with the hotel allegedly operating without a fire NOC. Police have been granted four days of custody for interrogation.

5 Jun 2026 12:45 am
Govt sets up six sector groups to fast-track Make in India 2.0 push

In a bold move towards self-sufficiency, India is ramping up its domestic manufacturing initiatives! Six government-led teams are tasked with selecting 100 essential products that will help reduce reliance on imports. Target sectors include pharmaceuticals, textiles, and electronics. This strategic effort aims to boost local industry and mitigate the import expenditure.

5 Jun 2026 12:44 am
Inox Clean Energy buys Vena's India energy business for Rs 6,000 crore

Inox Clean Energy is acquiring Vena Energy India's 6 GW renewable energy portfolio. This deal significantly expands Inox Clean's operational and development pipeline. The company is building an integrated clean energy platform through strategic buyouts and greenfield investments. Inox Clean aims for 10 GW of renewable generation capacity and 11 GW of solar manufacturing by FY28.

5 Jun 2026 12:43 am
Proverb of the day: 'It takes 6 men to carry a man to his grave. It takes 1 woman to...' Life lessons on love, marriage, relationships, and why one should avoid betrayal of trust

Proverb of the Day highlights a well-known saying: It takes 6 men to carry a man to his grave. It takes 1 woman to put him there. The proverb uses humor to explain the impact of relationships, trust, love, marriage, and betrayal. It shows how emotional decisions can shape a persons life. The saying remains relevant because relationships continue to influence personal choices, happiness, and long-term outcomes.

5 Jun 2026 12:41 am
Foreign law firms pick up the India case amid uncertainties

Foreign law firms are establishing dedicated India desks across Asia, the Middle East, and Europe as a strategic response to ongoing uncertainty surrounding India's legal sector liberalization. These offshore practices aim to capitalize on sustained demand for cross-border work involving Indian businesses, offering a practical contingency plan against regulatory barriers and building crucial corporate relationships.

5 Jun 2026 12:40 am
Washington archdiocese removes exorcist after UFO comments spark controversy

A controversy within the Catholic Church emerged after Monsignor Stephen Rossetti, a longtime exorcist in the Archdiocese of Washington, suggested in an online video that many UFO sightings could be connected to demonic activity. Cardinal Robert McElroy subsequently removed Rossetti from his role as an archdiocesan exorcist and ended the archdiocese's affiliation with the St. Michael Center for Spiritual Renewal, which Rossetti leads.

5 Jun 2026 12:39 am
Greek proverb of the day: 'The grumbling mother-in-law forgets that she once was a...' - life lessons on empathy, treating others with respect, kindness, understanding new family relations, and why remembering your past struggles makes you more compassionate

Greek proverb of the day: Ancient Greek wisdom highlights the importance of remembering past struggles to foster empathy. A proverb about a grumbling mother-in-law forgetting her bridehood illustrates how experience should cultivate understanding, not impatience. This timeless lesson encourages individuals to offer guidance and compassion by reflecting on their own journeys.

5 Jun 2026 12:38 am
Drug companies directed to step up vigil on adverse reactions

India's drug regulator, CDSCO, has mandated all drug companies to establish systems for tracking adverse drug reactions. This move comes amid global scrutiny of India's drug safety monitoring. Companies must now designate officers, maintain records, and report reactions promptly. Compliance will be checked during routine inspections. This ensures better post-market drug safety for consumers.

5 Jun 2026 12:36 am
Clean rules put auto parts cos on a whole new growth path

India's auto component sector is set for a growth spurt. New rules for cleaner, safer, and fuel-efficient vehicles are boosting demand for advanced technologies. Companies are seeing increased business in emission control, sensors, and safety systems. Electrification is also a key driver. This regulatory wave promises significant opportunities for suppliers.

5 Jun 2026 12:32 am
Exchange of old gold has risen almost 60% year-on-year, say jewellery retailers

Gold prices are soaring in India, prompting a surge in old gold exchanges. Consumers are trading in existing jewellery to buy new pieces. This trend is reshaping the jewellery market. Leading retailers report significant increases in exchange-led sales. This shift helps reduce the country's reliance on gold imports. Household gold is now entering the market.

5 Jun 2026 12:32 am