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The Economic Times

National / The Economic Times

Oracle to complete 30,000 job cuts by June 15: What's the reason, which team is impacted the most and what Oracle workers could be giving up when they sign severance agreements

Oracle layoffs 2026: Oracle is finalizing its largest workforce reduction, with approximately 30,000 employees departing by mid-June. Despite strong financial performance and significant growth in its AI business, the company is redirecting resources towards AI infrastructure. The layoffs, particularly within Oracle Health, have raised concerns about ongoing projects and obligations.

1 Jun 2026 10:07 pm
Iran seeks interim deal with US to ease economic strain while preserving nuclear leverage

Iran is pursuing a limited interim agreement with the United States. This move aims to alleviate mounting economic pressure and stabilize the domestic situation. The Islamic Republic seeks to avoid significant concessions on its nuclear program. This strategy allows Iran to buy time and unlock financial relief. It also helps contain rising domestic risks stemming from a deteriorating economy.

1 Jun 2026 10:07 pm
Assam eyes greater role in Indias energy growth after CM meets Petroleum Minister

Assam's Chief Minister engaged in a crucial dialogue with Union Ministers to revitalize the state's energy sector. Key discussions revolved around expanding oil and gas exploration and enhancing production methodologies. Opportunities for Free Trade Agreements aimed at uplifting small businesses and agricultural communities were also on the table.

1 Jun 2026 10:00 pm
Mamata Banerjee alleges 'organized attempt' to destroy TMC, calls for dharna

Mamata Banerjee alleges an organized attempt to weaken the Trinamool Congress through intimidation and misuse of state machinery. She plans a dharna and calls for national protests, vowing not to bow to pressure. Banerjee asserts the party's strength lies with its workers and that attempts to divide them will fail, emphasizing democratic resistance over infrastructure.

1 Jun 2026 9:59 pm
Taylor Swifts wedding guest list may leave out these former besties, heres who in the inner circle is expected to attend

The pop superstar has long been known for cultivating close-knit and enduring friendships, frequently showing appreciation for the people in her inner circle through both public gestures and private support. However, as is often the case with relationships that span many years, some of those once-strong bonds appear to have drifted apart over time.

1 Jun 2026 9:55 pm
Nancy Guthrie case: Were ransom notes merely a distraction? Here's how an expert draws parallels to Jodie Foster case

An expert believes ransom letters in the Nancy Guthrie case were a diversion. He compares the abduction to the John Hinckley Jr. case, suggesting a methodical perpetrator with an irrational motive. Nancy Guthrie, mother of Savannah Guthrie, has been missing since February. Investigators are pursuing leads, and hope remains for her safe return.

1 Jun 2026 9:45 pm
RBI launches 2 key surveys

The Reserve Bank of India has initiated its annual surveys for the 2025-26 period. These surveys will gather crucial data on mutual funds' foreign financial liabilities and assets. Additionally, information on computer software and IT-enabled services exports will be collected. The collected data is vital for compiling India's external sector statistics.

1 Jun 2026 9:43 pm
'Sit back and relax': Can Trump afford to go back to war with Iran?

US President Trump's cautious optimism regarding Iran negotiations has been shattered as Tehran suspends talks, citing Israeli actions in Lebanon. This escalation threatens the Strait of Hormuz, reignites military exchanges, and jeopardizes Trump's political standing and economic stability ahead of crucial midterm elections.

1 Jun 2026 9:39 pm
Assam seeks Centre's backing for energy, health push

Assam Chief Minister Himanta Biswa Sarma met with Union Ministers Manohar Lal Khattar, Mansukh Mandaviya, and Jagat Prakash Nadda to discuss key development initiatives. Discussions focused on achieving energy self-sufficiency, accelerating urbanisation, strengthening sports infrastructure, and transforming Assam into a major healthcare and medical tourism hub.

1 Jun 2026 9:32 pm
The supplement your doctor hasn't mentioned yet could be quietly fighting type 2 diabetes - here's everything you need to know

Fish oil benefits for type 2 diabetes: Fish oil supplementation reduced insulin resistance and improved glucose tolerance in non-obese diabetic rats, suggesting inflammation plays a key role even without excess weight. Omega-3 fatty acids shifted immune cells towards an anti-inflammatory state, potentially improving metabolic health.

1 Jun 2026 8:50 pm
Chinese Proverb of the Day: A woman that is not loved is Life lessons on relationships, loneliness, dependency and why we all need something to hold on

Chinese Proverb of the Day highlights the meaning of A woman that is not loved is as a kite from which the string has been taken; she driveth with the wind, and cometh to a long fall. The saying reflects the importance of emotional support, love, and human connection in giving stability and direction to life.

1 Jun 2026 8:44 pm
US manufacturing activity scales four-year high in May, ISM says

American manufacturing saw a significant boost in May, reaching its highest point in four years. Businesses are ordering ahead due to rising prices and shortages. The conflict with Iran is impacting global shipping and commodity costs. Despite increased orders, factory jobs remain low, with companies managing headcounts through attrition and layoffs.

1 Jun 2026 8:40 pm
Juneteenth 2026: Is it a federal holiday? Meaning, colors, flag and all details

Juneteenth, celebrated on June 19, marks the end of slavery in the United States. This federal holiday honors freedom and history. Enslaved people in Texas learned of their freedom on this day in 1865. The holiday's observance continues to grow, reflecting its enduring significance. Juneteenth celebrations feature parades, music, and educational events.

1 Jun 2026 8:39 pm
Macron announces 93 bn euros in 'Choose France' investments

France is set to receive a record 93 billion euros in foreign investments. This significant funding will boost artificial intelligence and data centers. Japanese tech investor SoftBank is contributing 45 billion euros. These investments aim to make France a leader in computing capacity in Europe. The pledges will also support semiconductors, critical minerals, and healthcare sectors.

1 Jun 2026 8:32 pm
India issues formal request to France for 114 Rafales in Rs 3.25 lakh crore deal

India has requested France for 114 Rafale fighter jets. This major deal is valued at approximately 3.25 lakh crore rupees. A significant portion of these jets will be manufactured in India. This move aims to bolster the Indian Air Force's fighter aircraft squadrons. The agreement is expected to be finalized within a year.

1 Jun 2026 8:17 pm
Accused in AASU member's murder killed in police encounter in Nalbari

An accused in the murder of AASU member Madhurjya Barman died after sustaining bullet injuries during a police encounter in Nalbari district. The suspect, Rose Ali, reportedly attempted to snatch a firearm from police personnel. Barman's cousin is undergoing treatment after the attack. The MLA described the incident as 'Love Jihad' and urged vigilance.

1 Jun 2026 7:54 pm
Quote of the Day by Jennifer Aniston: Most of us fall in love with Inspiring lessons on relationships, intimacy, acceptance, and why it's easy to fall in love but harder to stay by the acclaimed actress known for her iconic role in Friends and her deep insights on love and human nature

Quote of the Day by Jennifer Aniston: Jennifer Anistons quote, Most of us fall in love with someone's persona and spend the next three to five years discovering who that person really is... explores the idea that real love is a journey of discovery, patience, and emotional honesty. The quote suggests that relationships often begin with an idealized version of a person, but over time, true connection is built by understanding their real personality, flaws, and vulnerabilities.

1 Jun 2026 7:49 pm
Iran halts indirect talks with US, threatens wider regional escalation

Iran has halted communication with the US through mediators. This action follows attacks on Lebanon. Iran and its allies plan to block the Strait of Hormuz. They also intend to activate other fronts, including the Bab El Mandeb Strait. This is a response to punish Israel and its supporters. No talks will occur until Iran's demands are met.

1 Jun 2026 7:33 pm
Government raises onion buffer stock purchase price 24% to Rs 15.80/kg

The government has set a higher onion procurement price at Rs 15.80 per kg, a step designed to uplift farmers and regulate market rates effectively. Concurrently, the buffer stock of pulses has hit an impressive 43 lakh tonnes, stemming from robust local production that minimizes the need for foreign imports.

1 Jun 2026 7:32 pm
India to host 13th BRICS Urbanisation Forum in New Delhi on June 11-12

India hosts the 13th BRICS Urbanisation Forum in New Delhi on June 11-12. Ministers and experts will discuss building inclusive and resilient cities. The theme is 'Cities for People: BRICS Cooperation for Inclusive and Resilient Urban Futures'. This event is key to India's BRICS Chairship. Discussions will focus on urban challenges and cooperation for sustainable urban development.

1 Jun 2026 7:31 pm
US-Iran conflict flares again: American strikes trigger missile retaliation as peace talks falter

Tensions flare as the US strikes Iran following an Iranian drone shootdown. Iran retaliates with missile fire towards Kuwait, targeting US forces. These exchanges test a fragile ceasefire, impacting global energy supplies and fertilizer markets. Peace talks continue amidst escalating regional conflict, with both sides expressing cautious optimism.

1 Jun 2026 7:19 pm
India may rethink Scotch whisky tariff cuts if UK does not ease steel import curbs

In a strategic move, India may reconsider its tariff reductions on British products, especially Scotch whisky, pending the UK's solutions to Indias grievances over steel safeguard measures. Negotiations between the two nations are set to address these pressing concerns.

1 Jun 2026 6:45 pm
Southwest monsoon likely to reach Kerala in next 2-3 days: IMD

The southwest monsoon is set to reach Kerala within the next two to three days. The India Meteorological Department forecasts a below-normal rainfall season for India this year. El Nino conditions are contributing to this prediction. The monsoon's arrival was previously delayed. This forecast impacts agricultural planning across the nation.

1 Jun 2026 6:44 pm
Quote of the Day by Tom Cruise: Here's how I've lived my life: I've never been Inspiring lessons on professionalism, dedication, secret of success and why following your passion matters by the globally acclaimed Mission: Impossible star and one of Hollywood's most bankable icons

Quote of the Day by Tom Cruise: Tom Cruises quote, Here's how I've lived my life: I've never been late to a set. I make films I believe in. I feel privileged to be able to do what I love, highlights the values of discipline, dedication, and gratitude. The quote suggests that long-term success is built not only on talent but also on professionalism, staying committed to meaningful work, and appreciating the opportunity to pursue one's passion.

1 Jun 2026 6:42 pm
UK Business Secretary Peter Kyle to meet Piyush Goyal on June 2 over India-UK FTA rollout

On June 2, UKs Business and Trade Secretary Peter Kyle is set to embark on a significant visit to India, where he will engage with Commerce and Industry Minister Piyush Goyal in bustling New Delhi. The agenda centers around bolstering trade relations and prioritizing the swift execution of the India-UK Free Trade Agreement.

1 Jun 2026 6:33 pm
Chinese proverb of the day: 'You will meet people who are thousands of miles away if its meant to be, otherwise you will never...' - life lessons on fate, destiny, human connections and why distance can't stop meaningful relationships

Chinese proverb of the day: A Chinese saying reveals that destiny, not distance, shapes our relationships. Some people enter our lives from afar, while others remain strangers despite living nearby. This ancient wisdom highlights that true connections form when timing and circumstances align.

1 Jun 2026 6:24 pm
U.S. Stock Market IPO: ERock eyes staggering $5 billion. Check company profile, symbol at New York Stock Exchange

ERock, founded in 2006, provides natural gas generators to data centers, utilities, and commercial and industrial customers across nine U.S. states, with a huge chunk of revenue coming from high-growth regions like Texas and California.

1 Jun 2026 6:24 pm
Wont allow Gujarat to snatch Karnatakas IPL events again, says Shivakumar

Taking a firm stance, Karnataka's Chief Minister designate DK Shivakumar vows to protect the state's cricketing interests. The recent decision to shift the IPL 2026 finals from Bengaluru to Ahmedabad has ignited a commitment to action.

1 Jun 2026 6:00 pm
Quote of the day by German chemist Otto Hahn: 'I felt profoundly ashamed..'-The 'father of nuclear chemistry's' regret after Hiroshima reveals the human cost of scientific discovery

Otto Hahn, a key figure in nuclear fission discovery, expressed deep shame and sorrow after the atomic bombings of Hiroshima and Nagasaki. His work, driven by scientific curiosity, inadvertently led to the creation of atomic weapons. Hahn's reaction underscores the critical difference between scientific discovery and its application.

1 Jun 2026 6:00 pm
5 easy breakfast recipes to support your weight-loss

Starting your day with the right meal can make weight loss easier and more sustainable. From protein-packed moong dal chilla to fibre-rich overnight oats and healthy curd bowls, these five easy breakfast recipes are nutritious, filling and perfect for Indian readers looking to manage their weight without sacrificing taste.

1 Jun 2026 5:59 pm
Government can take back leased land wherever required: Minister Manohar Lal on Gymkhana Club notice

The government can reclaim leased land for development and other purposes, said Union Minister Manohar Lal. He also stated that similar actions will be taken where required. The Delhi Gymkhana Club was recently asked to vacate its premises. The land taken back will be used as per government requirements. The government order stated that the premises are critically required for the strengthening and securing of defence infrastructure and other vital public security purposes.

1 Jun 2026 5:56 pm
India, Myanmar agree to deepen trade ties, push connectivity projects and security cooperation

India and Myanmar are embarking on a new chapter of friendship. In a recent summit, the leaders agreed to deepen ties focusing on economic growth, transport connectivity, and mutual security. Several key infrastructure initiatives are being fast-tracked, and trade is anticipated to increase, particularly with the innovative rupee-kyat trade mechanism.

1 Jun 2026 5:53 pm
Quote of the day by Robert Frost: 'The world is full of willing people; some willing to work, the rest...' Life lessons on responsibility, hard work and human nature

Robert Frost's enduring quote highlights the timeless truth of human behavior: some are willing to work, while others are content to let them. This observation remains relevant today, emphasizing the importance of initiative, accountability, and shared responsibility for progress in both professional and personal spheres. It serves as a reminder to be among those who actively contribute to collective goals.

1 Jun 2026 5:53 pm
Humans are still evolving, and this remote plateau of the world is the proof scientists needed

A study of people living on the Tibetan Plateau suggests that human evolution is still occurring today. Researchers examined women who had spent their lives at high altitudes and found that certain physiological traits were linked to greater reproductive success. These adaptations help the body transport oxygen more efficiently in an environment where oxygen levels are low. The findings indicate that natural selection continues to influence human populations facing environmental pressures.

1 Jun 2026 5:50 pm
US intercepts two Iranian missiles aimed at forces in Kuwait

Late Sunday night, US military forces thwarted an attack by intercepting two Iranian ballistic missiles aimed directly at American troops located in Kuwait. The military confirmed that there were no injuries among US personnel.

1 Jun 2026 5:50 pm
Tiffany Trump India visit: Leaves for Jamnagar, Gujarat after Jaisalmer visit

Tiffany Trump and Michael Boulos have left Jaisalmer for Jamnagar in Gujarat. The couple explored the Jaisalmer Fort, a UNESCO World Heritage site. They experienced traditional Rajasthani hospitality at Suryagarh hotel. Folk artists performed Ghoomar and other cultural programs. They also attended a cultural evening with folk and Sufi music and traditional dances.

1 Jun 2026 5:49 pm
Latest K-Dramas to watch in June: From Doctor on the Edge to Notes from the Last Row and more

June brings a compact but star-studded lineup of Korean dramas featuring romance, action, medical stories and psychological thrillers led by actors like Lee Jae Wook, Seo In Guk, So Ji Sub and Choi Min Sik.

1 Jun 2026 5:45 pm
Euphoria finale ending explained: Did Rue die in the last episode? What happens to Ali, Cassie and Maddy? The rollercoaster twist leaves fans stunned

After a four-year break and years of speculation surrounding its future, Euphoria has officially reached the end of its run. Following the broadcast of its landmark Season 3 finale on May 31, 2026, the show's creators confirmed that the shocking episode served not only as a season finale but as the definitive conclusion to the series itself.

1 Jun 2026 5:44 pm
Britain orders more missiles from Thales to shoot down drones

Britain has secured new contracts worth 36 million with Thales for hundreds of Lightweight Multirole missiles. These missiles, already utilized by UK forces to intercept drones in the Middle East, will bolster security for the UK and its partners. Deliveries are expected to commence in the upcoming months.

1 Jun 2026 5:42 pm