The Economic Times

Navnath Ban, Maharashtra Bharatiya Janata Party spokesperson, has challenged Sanjay Raut of Shiv Sena (UBT) to present proof of horse trading in the upcoming Maharashtra Legislative Council elections. Ban accused Raut of making baseless claims, calling him a habitual liar and questioned his party's decision not to field a candidate in Nashik.

RBI Inflation 2026-27 Forecast: The Reserve Bank of India has raised its inflation forecast for fiscal year 2026-27. This revision reflects rising food prices and ongoing global uncertainties. The central bank has paused its repo rate decision. Higher crude oil prices and supply chain issues are complicating the inflation outlook. A weaker monsoon also poses a risk to food prices.

Congress leader Ramalinga Reddy resigned as a minister expressing displeasure over his portfolio. Reddy wanted Bengaluru Development but was given Major and Medium Irrigation projects. The resignation follows Chief Minister D K Shivakumar's portfolio allocation. Reddy stated he could not work against his conscience. He felt humiliated and saw no other option.

RBI GDP Growth 2026-27: The Reserve Bank of India has reduced its economic growth forecast for FY27 to 6.6 percent. This adjustment stems from rising risks linked to the West Asia conflict and higher energy prices. The central bank has maintained the benchmark repo rate at 5.25 percent. India's economy faces challenges from potential supply disruptions and weather uncertainties.

An Indian expat's tragic death in Sharjah, allegedly after a TikTok dispute, is marked by a haunting coincidence: his death date, May 31, was also his official birthday. The 40-year-old was stabbed following an online argument that escalated to a real-world confrontation. Police swiftly arrested suspects, warning against online conflicts turning violent.

Goa's Town and Country Planning (TCP) Board will now impose hefty fines for hill cutting. Violators face penalties starting at Rs 50 lakh, escalating to Rs 1 crore for repeat offenses. The government is taking stringent action to protect the environment. Citizens are urged to report any illegal hill cutting activities to the authorities. TCP minister Rane said that the state would act stringently against those who are destroying the environment.

RBI Repo Rate: The Reserve Bank of India has maintained its key interest rate at 5.25%. This decision prioritizes economic growth as inflation remains below the central bank's target. Despite rising oil prices and a weaker rupee, consumer price pressures are contained. Policymakers are monitoring global developments and will assess the impact of higher energy costs before considering further action.

India has strongly condemned an attack on United Nations peacekeepers in Lebanon. A Serbian Blue Helmet was killed and two others were injured. India is calling for a thorough investigation to bring those responsible to justice. The nation also stressed the importance of ensuring the safety of UN peacekeepers. This incident highlights ongoing concerns for personnel serving under UN mandates.

RBI Monetary Policy Meeting 2026: The Reserve Bank of India maintained the repo rate at 5.25%, balancing inflation risks from rising crude oil prices and a weakening rupee against the need to support economic growth. The decision comes amid geopolitical tensions and concerns over a below-normal monsoon, with the central bank closely monitoring future rate trajectories.

RBI Monetary Policy 2026 Takeaways: In the previous MPC, the Reserve Bank of India has maintained its key repo rate at 5.25 percent. The central bank also kept its policy stance neutral. This decision comes as India navigates a weaker rupee and aims to support economic growth. The RBI has projected GDP growth for FY26 and FY27. Inflation forecasts have also been provided for the coming quarters.

Quote of the Day by Benjamin Franklin highlights a lesson about relationships, expectations, social status, wealth, happiness, inner peace and love. The quote, Marry above thy match and you will get a master, encourages people to think carefully before making life decisions. It remains relevant because it discusses balance, equality, respect and personal independence in relationships. The words continue to offer guidance for modern life and human connections.

Reserve Bank Governor Sanjay Malhotra will announce the Monetary Policy Committee's decision on Friday. Markets widely expect the repo rate to stay at 5.25%. This anticipated status quo reflects the RBI's cautious approach amid global uncertainties. The central bank will also revisit its growth and inflation projections. Elevated uncertainty leaves limited room for pre-emptive rate action.

America's job growth is expected to slow in May after strong previous months. The labor market remains stable. Economists believe the Middle East conflict has not yet significantly impacted jobs. Fiscal stimulus is supporting businesses. Businesses are cautious about hiring due to uncertainty. Layoffs are low, maintaining a balanced job market.

RBI Monetary Policy Meeting Highlights: Reserve Bank Governor Sanjay Malhotra will announce the Monetary Policy Committee's decision on Friday. The key policy rate is expected to remain unchanged at 5.25%. This pause reflects a cautious approach amid the West Asia conflict. The conflict poses risks to inflation and economic growth. The committee began its meeting on Wednesday. Retail inflation has moderated to 3.48%.

Hezbollah rejected a U.S.-brokered ceasefire in Lebanon, vowing to continue resistance, while Israel stated it would not withdraw troops. This undermines President Trump's efforts to halt regional fighting and forge peace with Iran, which has made a Lebanon ceasefire a condition for any deal.

Anthropic has launched Claude Opus 4.8, a new AI model. It offers better coding and reasoning abilities. Users can now control the model's effort for tasks. This feature is called Ultracode mode. Claude Opus 4.8 aims to be more reliable and transparent than previous versions. It competes directly with OpenAI's GPT-5.5 model.

A massive fire broke out in a 12th-floor apartment of a 28-storey residential tower in Noida's Sector 74, triggering panic and a swift evacuation. Firefighters worked to control the blaze, which spread thick smoke across the building. Fortunately, no casualties were reported, but an investigation into the cause is underway.

World Environment Day 2026 theme and logo: World Environment Day is observed globally on June 5. This United Nations campaign unites nations for environmental protection. It raises awareness about climate change, pollution, and biodiversity loss. The day encourages sustainable practices and collective action. Various activities like tree planting and clean-up drives are planned.

Adhik Maas Krishna Janmashtami Kab Hai: Devotees will observe Monthly Krishna Janmashtami on June 8, 2026, during Adhik Maas. This sacred occasion, dedicated to fasting and worship, celebrates Lord Krishna's birth at midnight. The day holds special significance for devotion and spiritual practices, with Ashtami Tithi beginning at 3:24 am on June 8.

Tarsem Singh Ohio crash case: A grieving mother is demanding the deportation of the man accused of the fatal crash that killed her pregnant teenage daughter. The mother of the teen said she does not want the accused in the States and is okay with him being kicked out permanently. Ashlee Holmes, 17, and her unborn child died after a high-speed police chase. The accused, Tarsem Singh, faces multiple felony charges and has a federal detainer placed on him, potentially leading to his removal from th

Chinese President Xi Jinping is set to visit North Korea next week. This marks his first trip in almost seven years. The visit follows North Korea's recent reveal of a new facility for producing nuclear bomb ingredients. This development signals North Korean leader Kim Jong Un's intent to solidify his nation's nuclear status.

An Alabama family is desperately searching for their son, Weston Higginbotham, who vanished in Kyoto, Japan on May 29. The 20-year-old Auburn University student went missing after a disagreement with his mother over the use of ChatGPT. His mother had used ChatGPT for travel planning. The family has made an emotional appeal not to post his public location if he is found.

The US International Development Finance Corporation is investing $1.5 billion in a new energy platform for the Indo-Pacific. This major project will focus on South and Southeast Asia. It aims to develop liquefied natural gas and other energy infrastructure. The investment will help strengthen energy security and meet growing power demand in the region.

US-Iran war: President Donald Trump declared that any killing of US troops by Iran would justify restarting war. He also criticized the House of Representatives for a vote to limit his war powers. Trump called the vote meaningless and the Republican supporters grandstanders. The House vote, which passed by a narrow margin, now heads to the Senate.

RBI MPC Meeting June 2026: All eyes are on the Reserve Bank of India today as Governor Sanjay Malhotra announces the Monetary Policy Committee's decision. This crucial announcement will reveal the central bank's stance on interest rates and inflation. Investors are keenly awaiting signals on economic growth and stability amidst global uncertainties. The outcome will guide market sentiment for the coming months.

The National Investigation Agency has conducted extensive searches in West Bengal regarding the Bhangar bomb blast. One more accused, Sainur Molla, has been arrested, bringing the total to three. The explosion occurred during crude bomb manufacturing ahead of assembly elections. Searches targeted locations linked to former MLA Saokat Molla, a prime suspect. Incriminating materials were recovered.

The Palestinian ambassador to the UN, surrounded by his counterparts from Arab and Muslim countries, called on the United States on Thursday to stop Israel's annexation of its territories. Others from the intergovernmental Organization of Islamic Cooperation (OIC) have echoed the demand to end Israel's annexation of Palestinian territories in the West Bank, where settlement expansion continues, and in Gaza, where the Israeli army has taken control of at least half the territory.

Delhi, Noida, and Gurgaon brace for thunderstorms and gusty winds, while Kolkata and West Bengal anticipate light to moderate rainfall with thundershowers. The southwest monsoon is advancing, bringing widespread rain to eastern and northeastern regions. Meanwhile, some northern and central areas face pre-monsoon storm activity and potential heatwaves in Bihar and Uttar Pradesh.

President Donald Trump is using emergency powers to boost the US coal industry. Nearly $700 million will fund upgrades to power plants and new export facilities. This move aims to lower living costs and ensure energy security. Asian nations are reportedly seeking Wyoming coal. Environmental groups oppose the plan, citing pollution concerns.

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.

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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

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.

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.

Senate Republicans are facing challenges in passing funding for President Donald Trump's immigration agencies. Democrats are pushing for votes on various issues, including a settlement fund. Internal Republican disagreements are also surfacing. The bill aims to fund ICE and Border Patrol for three years. Republicans are trying to pass the legislation without Democratic votes.

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.

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

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

Iran war: A series of strikes by the U.S. and Iran this week has raised fresh concern the ceasefire could collapse. Donald Trump on Wednesday downplayed the significance.

Quote of the Day by Henry Wadsworth Longfellow shines a light on a truth many overlook. People often hide pain behind silence. We judge quickly and understand slowly. Longfellow's timeless wisdom reminds us that sadness can appear as distance, not coldness. This powerful Quote of the Day encourages empathy, deeper human connection, emotional intelligence, and a more compassionate view of everyday life.

Donald Trump had previously suggested holding a rally for his Make America Great Again (MAGA) movement.

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.