The Economic Times

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

India and France are discussing a joint project for a sixth-generation fighter jet. This opportunity arises after a Franco-German plan for a similar aircraft ended. Discussions have already taken place at the defence minister level. India is also set to receive advanced fighter jet engine technology from France. This collaboration could be a significant step for India's future air capabilities.

India is increasingly becoming a long-term structural investment destination rather than a short-term strategic bet. Global capital is moving toward markets that offer domestic demand, policy stability, and supply-chain relevance, and India offers all three, says Tsutomu Takemura, senior managing director and global head of investment banking at Nomura.

US forces attacked three merchant ships carrying Indian sailors off Oman this week. Vessels reportedly switched off identification systems and refused to communicate. Indian crew members were evacuated, with three confirmed dead. India has protested these attacks to the US. The US stated it would assist if vessels identified themselves.

Harsh Pati Singhania, Chairman and Managing Director of JK Paper Ltd, has been elected Chair of the International Chamber of Commerce. The announcement came after a meeting at the ICC Global Headquarters in Paris. Singhania expressed his honor in taking on the role. Outgoing Chair Philippe Varin will now serve as ICC Honorary Chair.

Greek proverb of the day: Greek saying emphasizes that speech reveals a person's true character, values, and intentions. Careful listening to how someone speaks offers insight into their inner nature, while mindful communication builds stronger relationships and fosters self-awareness.

A French proverb, 'Happiness is not something that comes out of a box,' teaches that joy isn't a ready-made gift but is actively built. Lasting happiness stems from personal actions, daily choices, kindness, and effort, not just external achievements or quick fixes.

The US Senate Armed Services Committee has voted to extend security aid to Ukraine, allocating $750 million. This move signals continued congressional support for Kyiv amidst a Russian invasion. The committee also proposed renaming the Department of Defense to the Department of War.

India's economic growth forecast for FY27 has been raised to 6.6 percent by the World Bank. This positive outlook is driven by reduced US tariffs and anticipated benefits from new free trade agreements. While external demand may weaken due to global conflicts, domestic demand and export growth are expected to pick up.

Two men on a motorcycle fired at a gym in outer Delhi's Paschim Vihar, linked to Punjabi singer Guru Randhawa. The Lawrence Bishnoi gang's Anil Pandit group claimed responsibility, citing Randhawa's association with Salman Khan despite alleged warnings. No injuries were reported in the incident.

The Supreme Court has recognized the invaluable contribution of housewives. Loss of a wife's domestic care will now be a separate compensation head in motor accident claims. The court stated homemakers are nation-builders. This ruling enhances compensation for families. The judgment aims to acknowledge the crucial role of domestic care in society. It redefines the perception of homemakers' contributions.

Brazil is actively courting foreign investment including from India while pushing to localise the refining and processing value chain. India and Brazil, South America's largest economy, had decided to fast-track collaboration in this sector during President Luiz Inacio Lula da Silva''s state visit to India in February.

People with anxious attachment styles tend to be especially attuned to shifts in communication and relationship dynamics. They are often quicker to notice delayed responses, more likely to dwell on potential problems in the relationship and may seek reassurance when faced with uncertainty or mixed signals.

Football fans in India can catch the FIFA World Cup 2026 on ZEE channels and the Zee5 app. Selected matches, including the opener and knockout stages, will be free on DD Sports. The tournament kicks off on June 12 with Mexico facing South Africa. Indian viewers can expect varied match timings due to North American time zones.

India has granted retrospective customs duty relief on specified nuclear power generation equipment imported between April 1, 2019 and January 31, 2026. The move exempts eligible imports from any duty demands for the period, providing certainty to importers and regularising past shipments used in nuclear power projects.

African Proverb of the Day highlights the meaning of It is the woman who knows her husband. The saying reflects how true understanding comes from closeness, shared experiences, and daily interaction rather than from appearances or outside opinions. It suggests that the people who spend the most time with someone often have the deepest insight into their character, strengths, weaknesses, and intentions.

India is committed to dialogue and cooperation to address global trade challenges. Commerce and Industry Minister Piyush Goyal stated that countries, including India, protect their domestic industries. India is working to safeguard its economy from unfair trade practices. The nation is also focused on promoting innovation and research, with ongoing discussions on investments under the EFTA free trade agreement.

Google is investing $50 million through Google.org to train over 300,000 American workers for skilled trades like electrical work and welding. This initiative aims to address the growing demand for physical infrastructure to support AI and cloud computing, highlighting the critical role of tradespeople in the digital economy.

Words of Wisdom by Sandra Carey reveal a powerful truth about knowledge, wisdom, success, and personal growth. Never mistake knowledge for wisdom. One helps you make a living; the other helps you make a... In todays digital world, people have endless information but still search for life lessons, purpose, and true happiness. Knowledge gives skills, careers, and opportunities. Wisdom gives better decisions, emotional intelligence, and a deeper understanding of life.

A 4.7 magnitude earthquake shook Cachar district in Assam on Thursday night. Tremors were felt across the Northeast, including Shillong in Meghalaya. The earthquake occurred at a depth of 39 km. Officials reported no immediate damage or casualties in Meghalaya or other affected regions.

French Proverb of the Day highlights the meaning of Every woman needs two men - one to be married to and the other to compare. The saying reflects the human tendency to evaluate relationships and life choices through comparison. Rather than being a literal statement about relationships, it suggests that people often judge what they have by measuring it against alternatives, possibilities, or expectations.

Psychology does not suggest that everyone who brings a phone into the bathroom has an unhealthy habit or underlying issue. Human behavior is far more nuanced than such simple conclusions. Research indicates that smartphone use in these moments can be shaped by dopamine-based reward systems, stress relief, feelings of loneliness, avoidance coping strategies, fear of missing out (FOMO), and an increasing tendency to seek constant stimulation rather than sit with silence.

US-Iran war: India has directed its agencies to be on high alert. This is in response to recent attacks on Indian-crewed tankers. The government is working with various bodies to support Indian seafarers. Preparations are underway to handle any situation affecting Indian maritime interests. This proactive measure ensures the safety of Indian sailors and national assets at sea.

A viral video shows security personnel inserting metal detectors into candidates' mouths during the Uttar Pradesh Police Constable Recruitment Examination, sparking hygiene and health concerns. The examination saw nearly 28.87 lakh candidates competing for 32,679 vacancies across 1,183 centres under tight security.

India's robust economic expansion is shielding state finances from worsening. Despite ongoing spending needs and revenue gaps, strong growth is boosting revenues. This expansion is expected to keep credit risks manageable. State governments are crucial for development, handling significant public expenditure.

A Pakistan Army Mi-17 helicopter crashed in Pakistan-occupied Kashmir. The incident occurred during take-off near Muzaffarabad. At least 22 military personnel, including three officers, died in the crash. The army confirmed the accident due to a technical fault. Funeral prayers were held for the deceased. This is not the first accident involving an Mi-17 helicopter.