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The Economic Times

Economy / The Economic Times

Strong consumption keeps growth steady amid Iran war cost concerns

India's economy shows steady growth driven by domestic demand. The West Asia conflict presents challenges like higher oil prices. The government plans to attract more foreign investment and boost revenue through asset sales. Efforts are underway to support farmers and consumers amidst rising costs. The GST Council will discuss further reforms soon.

9 Jun 2026 11:58 pm
PM Modi to attend G7 Summit, may meet Trump in France

Prime Minister Narendra Modi embarks on a significant two-nation tour to France and Slovakia. He will attend the G7 Summit in France and a technology conference in Paris. This visit aims to highlight India's role as a global hub for innovation and digital transformation. The trip is expected to foster new partnerships with Europe.

9 Jun 2026 11:54 pm
India seeks global action as 20 killed in PoK

India has condemned severe police brutality in Pakistan-occupied Kashmir. Protests have led to deaths and injuries. India urges the international community to hold Pakistan accountable for its actions. Reports indicate intensified crackdowns following a new ISI commander's posting. Protesters demand lower prices for electricity and food.

9 Jun 2026 11:43 pm
ED summons Veena Vijayan, CMRL directors for questioning

A few other individuals, including directors of CMRL, have been summoned for questioning at its Kochi office on June 12. Statements of Veena and the co-accused will be recorded under Section 50 of PMLA. As reported by ET last week, ED is focusing on cash transfers allegedly made from the company's accounts. ED will quiz Veena and the directors of CMRL to ascertain the eneficiaries.

9 Jun 2026 11:40 pm
Earth observation can add USD 263 billion in annual economic value globally: Report

Earth observation data offers a massive economic opportunity, potentially worth over USD 700 billion annually. However, a significant portion, around USD 263 billion, remains untapped. This is due to hurdles in accessing, processing, and using the data effectively. The World Economic Forum report highlights how overcoming these challenges can drive economic growth and sustainability globally.

9 Jun 2026 11:37 pm
South African proverb of the day: 'Looking for something can get in the way of...' - inspiring life lessons on mindfulness, awareness and why you discover more when you stop chasing and overthinking

South African proverb of the day: A South African saying suggests that relentlessly pursuing goals can hinder discovery. Cultivating awareness and a calmer approach allows for clearer perception and meaningful insights, highlighting the balance between effort and openness in life's journey.

9 Jun 2026 11:36 pm
On This Day in History, June 10: Salem witch hangings, Italy enters World War II, the Six-Day War ends, Benjamin Franklin's kite experiment, the Lidice massacre and other major events

On This Day in History, June 10, several pivotal events shaped the course of world history. The date is remembered for Benjamin Franklin's famous kite experiment that advanced the study of electricity, Italy's entry into World War II under Benito Mussolini, the founding of Alcoholics Anonymous and the end of the Six-Day War. It also witnessed the establishment of the Italian Republic, major wartime developments and significant cultural milestones.

9 Jun 2026 11:29 pm
Human kindness of the day from America: At 85, theatre worker woman finally retires after 45 years, gets $146K from strangers

An 85-year-old movie theatre worker in Tennessee received a life-changing surprise after a customer shared a video of her working. Moved by her dedication, 21-year-old Brooklyn Green launched a GoFundMe campaign to help Mary Ellen Eron retire. The fundraiser quickly went viral, attracting more than 7,500 donors and raising $146,317 in just a few days. Overwhelmed by the support, Eron thanked the thousands of strangers who contributed.

9 Jun 2026 11:04 pm
Air India opens booking for flights under hub-and-spoke model; services to begin from Varanasi on June 25

Air India has launched its 'Easy Connect' flights, a new hub-and-spoke travel model. The first flight departs from Varanasi on June 25. Passengers can now check in baggage and complete immigration at their origin city. This allows seamless connections to international destinations through hubs like Delhi.

9 Jun 2026 11:03 pm
Psychology says people who go silent when theyre hurt are not weak, heres why their brain may be asking them to shut down

Psychology does not typically interpret silence as a sign of weakness. More often, it is seen as a coping mechanism that people use to navigate emotional distress, avoid escalating conflict and regain a sense of stability or control during difficult situations.

9 Jun 2026 10:52 pm
'What did I say wrong?': Famous gorilla Kiyomasa's hilarious 62-second video after fight with mate goes viral

A gorilla named Kiyomasa has captured global attention. A video shows him appearing to brood deeply after a disagreement. His human-like poses, like resting his chin on his hand, have sparked widespread online amusement. Viewers are comparing him to philosophers and relating his actions to relationship dramas.

9 Jun 2026 10:44 pm
Trump suddenly finds himself in a perfect storm. Can he survive it?

President Trump faces mounting challenges this summer, including legal setbacks, weak approval ratings and public anxiety over inflation and fuel prices. A frustrating standoff with Iran and judicial rulings limiting executive actions are creating a narrative of a president increasingly squeezed from multiple directions.

9 Jun 2026 10:39 pm
African Proverb of the Day: 'A fool has to say something...' Life lessons on wisdom, communication, humility, and why meaningful words matter more than empty talk

An ancient African proverb reveals a profound truth about communication. It states that a fool must say something, but a wise person has something to say. This wisdom underscores the value of thoughtful speech. Meaningful words carry weight and purpose. Empty talk lacks substance. This ancient insight remains relevant today, guiding us towards more impactful conversations and deeper understanding.

9 Jun 2026 10:35 pm
Why is the US stock market crashing today? S&P 500 erases all gains and wipes out $1.3 trillion in 2 hours as Nasdaq and Dow turn sharply lower - Tech stocks and chip sector collapse

The US stock market crash today caught many investors off guard. Early gains quickly vanished as the S&P 500 erased more than $1.3 trillion in market value within just two hours. What began as a relief rally suddenly turned into a broad sell-off that dragged down the Nasdaq, Nvidia, Apple, Microsoft, and several major technology stocks.

9 Jun 2026 10:30 pm
Why Dell thinks students don't need a $1,000 laptop anymore

Dell introduces a new XPS 13 laptop at an attractive price point. This device aims to offer premium features typically found in more expensive models. Dell is targeting students and young professionals with this offering. The company believes this laptop will redefine what consumers expect from budget-friendly machines. The real test will be how it performs in everyday student use.

9 Jun 2026 10:08 pm
Psychology says people who are in multiple situationships but no meaningful relationship may be chasing something deeper than romance

Research consistently indicates that strong, lasting relationships are built on vulnerability, trust, reliability and emotional openness. These qualities are difficult to cultivate when someone remains emotionally guarded or unwilling to fully commit to the relationship.

9 Jun 2026 10:02 pm
IWT treaty: Centre says not a single drop of water will go to Pakistan as it formulates plans to stop flows

India is taking steps to ensure Pakistan receives no water from the Indus river system in the coming years. Union Jal Shakti Minister C.R. Patil stated the Indus Waters Treaty is in abeyance. Efforts are underway at the highest government levels to halt water flow across the border. This development follows heightened tensions and India's rejection of arbitration court rulings.

9 Jun 2026 9:56 pm
Namami Gange: Industrial pollution flowing into Ganga down nearly 60 per cent since 2017

Industrial pollution in the Ganga has significantly decreased by almost 60 percent since 2017. This achievement is credited to the Namami Gange program's strict regulations. Key interventions in Kanpur's Jajmau tannery belt have been successful. While water quality has improved, some stretches still face challenges. Further efforts are underway to enhance treatment and wastewater reuse.

9 Jun 2026 9:53 pm
Employee returns from 10-day vacation, boss asks him to take an extra day off to settle in, internet reacts

A Reddit post shows a manager extending an employee's break by an extra day after a 10-day vacation. The employee, accustomed to strict workplaces, felt valued by this considerate gesture. While many users praised the boss's kindness, some expressed surprise at such positive treatment, highlighting common workplace toxicity. This thoughtful act has sparked widespread discussion online.

9 Jun 2026 9:47 pm
Chinese Proverb of the Day: Respect always a silent woman; great is the wisdom of the woman that Life lessons on self-control, emotional intelligence, communication and why you should think before you speak

Chinese Proverb of the Day highlights the meaning of Respect always a silent woman; great is the wisdom of the woman that holdeth her tongue. The saying reflects the value placed on silence, patience, and thoughtful communication in human behavior. It suggests that wisdom is often shown not through constant speech, but through the ability to listen carefully, observe situations deeply, and speak only when necessary. In many interpretations, silence is seen as a sign of emotional control and matu

9 Jun 2026 9:46 pm
Fertiliser Ministry seeks to double subsidy from Rs 1.71 lakh crore budgeted for FY27 as Iran war hits costs

With rising prices of imported soil nutrients stemming from ongoing conflicts in West Asia, the fertiliser ministry is pushing for a substantial hike in subsidy allocations for the current fiscal year. This move underscores the government's commitment to farmers, who rely heavily on state-supported urea and P&K fertilisers.

9 Jun 2026 9:42 pm
American hero of the day: 5-year-old boy pulled from pool without a pulse, off-duty firefighters step in to save his life

The American Hero of the Day are two off-duty firefighters who helped save the life of 5-year-old Tyler Nelson after he was found unresponsive in a Florida resort pool during Memorial Day weekend. Broward Sheriff's Fire Rescue paramedic Broderick Espinoza and Miami-Dade Fire Rescue Lt. Jesus Fuentes, along with two nurses, performed CPR until the boy regained a pulse. Tyler has since recovered, graduated from kindergarten

9 Jun 2026 9:41 pm
Forbes 30 Under 30 Asia entrepreneur denied US visa despite building company with 100+ employees

An Indian entrepreneur, Swapnil Srivastav, was denied a US tourist visa despite building a successful venture-backed startup employing over 100 people. Officials cited insufficient ties to India, a common hurdle for founders. Srivastav, who co-founded a bamboo kidswear brand, expressed surprise, highlighting his deep involvement and family connections. The experience has ignited discussions among Indian entrepreneurs facing similar visa challenges.

9 Jun 2026 9:40 pm
Modi, Japan PM Sanae Takaichi may hold talks in Guwahati: Himanta

Guwahati may host summit-level talks between Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi. Assam is seeking Japanese investment again. The state aims to attract Japanese industries and firms. This follows a previous postponement of a Japan-India summit in Guwahati due to protests.

9 Jun 2026 9:39 pm
Chinese proverb of the day: 'Studying the past helps to understand the...' - thought-provoking life lessons on history, learning from the past, reflection, knowledge and why looking back can help you succeed and grow

Chinese proverb of the day: A Chinese saying highlights the value of reflection. The proverb teaches that revisiting past knowledge and experiences offers fresh insights into current situations. Progress often depends on understanding what came before. Students review old lessons, professionals analyze past projects, and communities examine history.

9 Jun 2026 9:38 pm
Native American Proverb of the Day: 'Dont be afraid to cry. It will free your...'-Life lessons on emotional healing, inner strength, vulnerability, and why tears can become a path to peace

A Native American proverb reveals that tears are not a sign of weakness but a natural release for sorrowful thoughts. Embracing this wisdom allows for emotional healing and inner strength. Expressing feelings fosters deeper connections and personal growth. This ancient teaching remains relevant today, guiding individuals toward mental and emotional well-being through acceptance and vulnerability.

9 Jun 2026 9:38 pm
Silicon Valley's AI millionaires are paying up to $23,000 per hour for escorts who can talk GPUs, crypto and the future

The AI boom is fueling a new luxury service where escorts, dubbed 'nerd-first,' command high rates by offering intellectual companionship alongside physical intimacy. These professionals engage clients in detailed discussions about AI and technology, highlighting a growing demand for authentic human connection in an increasingly digital world.

9 Jun 2026 9:30 pm
IRCTC cracks down on errant e-catering entities

The railway public sector undertaking listed 14 websites as non-compliant operators and said legal proceedings have been initiated. It also advised passengers to exclusively book their transit meals through the official IRCTC E-Catering Website, the official Food on Track mobile application, or through IRCTC Authorised e-Catering Food Aggregators.

9 Jun 2026 9:23 pm
Why crude oil is falling fast today: Oil prices crash below $88 as US-Iran peace deal hopes send Brent crude, WTI oil and energy markets lower

Oil prices crashed below $88 after reports said a US-Iran draft agreement gained preliminary acceptance in Washington. Brent crude fell near $91, while WTI crude dropped below $88. Markets are now pricing peace instead of conflict. The shift shows how geopolitical risk, the Strait of Hormuz, and global energy supply can move oil prices faster than production itself.

9 Jun 2026 9:23 pm
Elon Musk's Starlink India launch hits security roadblock ahead of SpaceX IPO

India has halted approvals for Elon Musk's Starlink internet service. Security agencies are concerned about Starlink terminals being used in the Iran war. This delay impacts SpaceX's IPO valuation. India's broadband market remains out of reach for Starlink for now. Domestic operators also face scrutiny. India seeks assurances on security compliance amid geopolitical tensions.

9 Jun 2026 9:17 pm
Emirates to offer incentives, safety assurances as Iran war hits travel

Emirates plans incentives beyond lower fares to attract passengers concerned about the Iran war. The airline prioritizes reliability and customer support, addressing safety and flight cancellations. Emirates seeks relaxed airspace restrictions and anticipates a return to normal operations as oil prices stabilize. This strategy aims to rebuild traveler confidence amid ongoing regional tensions.

9 Jun 2026 8:53 pm
Quote of the day by Christina Aguilera: 'Everybody needs that one person that takes you to the right place to see all the...' - inspiring lessons on positive influence, support and value of having someone who believes in you by Grammy-winning singer of Ain't No Other Man

Quote of the day by Christina Aguilera: Pop icon Christina Aguilera emphasizes the crucial role of supportive individuals in navigating life's challenges. She believes everyone needs someone to help them recognize their strengths and focus on the positives, especially during difficult times. This perspective can foster confidence and resilience, improving overall emotional well-being.

9 Jun 2026 8:52 pm
Psychology says if youve tried every diet and still failed to lose weight, the missing problem may not be your body, it could be your mind

People who successfully lose weight and keep it off over the long term often develop healthier ways to cope with emotions, create environments that support their goals and reshape how they see themselves. Psychology does not claim that weight loss is purely a mental challenge. Rather, it suggests that mindset and behavior are often the overlooked factors that can make lasting change possible.

9 Jun 2026 8:48 pm
India eyes more FDI, speed up divestment, asset monetisation as economy faces external risks

India's government is set to accelerate reforms, focusing on attracting foreign investment and divesting assets. This strategy aims to maintain economic growth despite rising fuel and fertilizer import costs. Domestic consumption remains strong, providing a buffer against external challenges. The government is also working to deepen capital markets and attract long-term foreign capital.

9 Jun 2026 8:44 pm
Amul to lay foundation stone of Rs 700 crore plant in West Bengal on June 14

Dairy giant Amul will lay the foundation stone for its Rs 700 crore plant in West Bengal on June 14. Union Home Minister Amit Shah is expected to attend the event. The plant in Howrah's Sankrail will produce curd, mishti doi, yogurt, lassi and buttermilk daily.

9 Jun 2026 8:44 pm
Jewish Proverb of the Day: Every woman feels elevated in Life lessons on perception, gender roles, social recognition, traditional expectations, identity and why a person's worth should not defined by their status

Jewish Proverb of the Day highlights the meaning of Every woman feels elevated in social status by marriage. The saying reflects how, in traditional societies, marriage was often closely linked with a womans identity, respect, and position within the community. It suggests that marriage was not only a personal or emotional union, but also a social milestone that could influence how a woman was perceived and treated by others.

9 Jun 2026 8:42 pm
'Khabardar, kabhi bhi mat karna': Veteran investor Shankar Sharma says stock market isn't for common people, returns don't even beat FD

Veteran investor Shankar Sharma advises retail investors to avoid equities, arguing that markets are for professionals and that taxes and volatility erode returns. He suggests fixed deposits offer better peace of mind and risk-adjusted returns. However, some social media users and market data challenge his view, citing positive retail experiences and long-term market growth.

9 Jun 2026 8:37 pm
Warren Buffett's net worth is $169 billion, but the ace US investor still lives in the house he bought for $31,500 over 70 years ago

Warren Buffett, with a fortune of $169 billion, continues to live in the Omaha home he purchased over 75 years ago for $31,500. His remarkably modest lifestyle, including driving older cars, defies billionaire stereotypes and highlights his long-held philosophy of focusing on smart financial decisions and long-term value over extravagance.

9 Jun 2026 8:36 pm
Apple stocks: Why are AAPL shares down? Morgan Stanley sounds warning over Siri AI update

AI update to Apple's Siri voice assistant unveiled on Monday garnered lacklustre reviews, spurring caution among investors who have seen tech valuations push equity markets into record territory.

9 Jun 2026 8:35 pm
3.1 lakh gaming PC gift turns sour? Man alleges girlfriend waited for her birthday gift only to break up the next day

A man is seeking legal advice after his girlfriend broke up with him the day after receiving a 2500 gaming PC for her birthday. He claims she had been planning the breakup for months, waiting only to receive the expensive gift. Now, he questions if he has any legal right to reclaim the present.

9 Jun 2026 8:33 pm