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The Economic Times

Top News / The Economic Times

Maharashtra Legislative Council polls: BJP asks Shiv Sena (UBT) to back 'horse-trading' allegations with proof

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.

5 Jun 2026 10:19 am
RBI Inflation FY2026-27: The inflation battle is back as RBI raises FY27 forecast to 5.1% amid West Asia war

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.

5 Jun 2026 10:18 am
Congress leader Ramalinga Reddy resigns: Major setback for D K Shivakumar's government in Karnataka

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.

5 Jun 2026 10:16 am
RBI GDP Growth 2026-27: Cenbank cuts FY27 forecast to 6.6% as oil, war and weather risks mount

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.

5 Jun 2026 10:15 am
Born and died on same date: Kerala man killed in Sharjah after TikTok dispute turns into fatal attack

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.

5 Jun 2026 10:12 am
Fine of up to Rs 1 crore for hill cutting to be imposed by Goa Town and Country Planning Board

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.

5 Jun 2026 10:09 am
Why the RBI kept rates unchanged amid oil, rupee and geopolitical pressures

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.

5 Jun 2026 10:09 am
India condemns attack on United Nations peacekeepers in Lebanon, calls for immediate investigation and accountability

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.

5 Jun 2026 10:07 am
RBI MPC Meeting 2026: Sanjay Malhotra & Co hold rates steady at 5.25% as oil shock, weak rupee & West Asia war cloud outlook

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.

5 Jun 2026 10:04 am
RBI MPC key takeaways: Here are the major announcements by Governor Sanjay Malhotra on GDP, inflation and repo rate

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.

5 Jun 2026 9:57 am
Quote of the day by Benjamin Franklin: 'Marry above thy match and you will...' Life lessons on relationships, wealth, happiness, inner peace and love by legendary American printer, publisher, author, inventor, scientist and diplomat

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.

5 Jun 2026 9:56 am
RBI MPC highlights: Top decisions announced by Governor Sanjay Malhotra & Co

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.

5 Jun 2026 9:51 am
US job growth likely slowed in May, labor market seen stable despite oil shock

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.

5 Jun 2026 9:48 am
RBI MPC Meeting at a Glance: Your one-stop guide for all key decisions

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%.

5 Jun 2026 9:44 am
Hezbollah rejection clouds Lebanon ceasefire and prospects for ending Iran war

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.

5 Jun 2026 9:34 am
Claude Opus 4.8 vs GPT-5.5: What's Anthropic AI's new Ultracode mode, pricing, honesty claims and jailbreak debate

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.

5 Jun 2026 9:28 am
After Delhi Malviya Nagar fire, Noida high-rise in Sector 74 sees blaze, horrific video shows panic among residents

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.

5 Jun 2026 9:16 am
World Environment Day 2026 theme, logo, significance, quotes, slogans and activities you can plan on June 5

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.

5 Jun 2026 9:09 am
Adhik Maas Krishna Janmashtami date and time: Check when is monthly Janmashtami, katha, puja timings and importance

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.

5 Jun 2026 8:55 am
Ohio pregnant teen car crash: Mother of 17-year-old wants accused Tarsem Singh kicked out permanently from the US

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

5 Jun 2026 8:53 am
Chinese leader Xi Jinping will travel to North Korea next week in first visit since 2019

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.

5 Jun 2026 8:37 am
Auburn University student goes missing in Japan: Family warns dont post exact location after ChatGPT-linked travel dispute

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.

5 Jun 2026 8:22 am
US Development FinCrop to invest $1.5 billion in Indo-Pacific energy platform, eyes South Asia buildout

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.

5 Jun 2026 8:14 am
If Iran kills US troops, it would be a good reason to restart war: US President Trump

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.

5 Jun 2026 7:58 am
RBI MPC Meeting 2026 Date and Time: When will Governor Sanjay Malhotra announce policy decision? Here's how to watch live streaming

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.

5 Jun 2026 7:50 am
NIA conducts searches, arrests one more accused in Bhangar bomb blast case

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.

5 Jun 2026 7:46 am
Palestinians call on Trump to stop Israeli annexation

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.

5 Jun 2026 7:34 am
Delhi, Noida, Gurugram to see rain and thunderstorms on June 5; Kolkata also under alert as IMD issues yellow alert for Bengal this week

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.

5 Jun 2026 7:30 am
Trump unveils $700 million coal support plan using emergency powers

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.

5 Jun 2026 7:27 am
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
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
Senate rejects first effort to bar Trump from creating $1.8 billion settlement fund

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.

5 Jun 2026 6:06 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
Iran war, Strait of Hormuz reopening: Donald Trump is warned for tactics against Tehran by allies, critics. Here is why

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.

5 Jun 2026 5:16 am
Quote of the Day by Henry Wadsworth Longfellow: Every man has his secret sorrows which the world knows not; and... Learn the life-changing wisdom from the man who uncovered the silent sorrow behind countless misunderstood hearts

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.

5 Jun 2026 5:13 am
'Greatest Rally, EVER' - Donald Trump announces mass rally, other plans to celebrate America's 250th anniversary

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

5 Jun 2026 5:04 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