The year 2025 saw a striking 10.8% increase in global personal wealth, the highest growth rate in years, ...More

The year 2025 saw a striking 10.8% increase in global personal wealth, the highest growth rate in years, unleashing nearly one million new dollar millionaires across the globe. The United States was at the forefront, contributing over 440,000 millionaires to this count. Nevertheless, this wealth boom has not benefited everyone equally, as a stark divide remains, with many countries witnessing a drop in their median wealth. ...Less

July brings a worrying forecast for India as monsoon rains are predicted to be below normal, falling shor ...More

July brings a worrying forecast for India as monsoon rains are predicted to be below normal, falling short of 94% of the long-term average. This situation could adversely affect the kharif sowing season critical for crops such as paddy and pulses. ...Less

Guo Wengui, the Self-exiled Chinese businessman, has been sentenced to 30 years in prison for orchestrati ...More

Guo Wengui, the Self-exiled Chinese businessman, has been sentenced to 30 years in prison for orchestrating a massive fraud scheme. Prosecutors stated he defrauded supporters of over $1 billion, stealing at least $550 million. Guo, a vocal critic of China's Communist Party and co-founder of the New Federal State of China, was convicted of racketeering, securities fraud, and money laundering. ...Less

Australian shares kicked off the new financial year on a downbeat note, with banks leading the decline fo ...More

Australian shares kicked off the new financial year on a downbeat note, with banks leading the decline following disappointing housing price data. While miners, particularly South32 on a significant asset sale, offered some support, the broader market felt the pinch of economic uncertainty. Investors are showing caution as the new quarter begins, reflecting concerns over interest rates and inflation risks. ...Less

HDFC Bank has appointed former IAS officer and ex-Chief Election Commissioner Rajiv Kumar as its Part-tim ...More

HDFC Bank has appointed former IAS officer and ex-Chief Election Commissioner Rajiv Kumar as its Part-time Chairman, following Atanu Chakraborty's abrupt resignation over ethical concerns. Kumar, known for his role in cleaning up public sector bank balance sheets, will serve a three-year term subject to RBI approval. The bank also announced Puneet Sharma as its new CFO. This news comes as HDFC Bank shares have seen mixed performance recently. ...Less

HDFC Bank has appointed Puneet Sharma as its new finance chief, following his resignation from Axis Bank. ...More

HDFC Bank has appointed Puneet Sharma as its new finance chief, following his resignation from Axis Bank. Sharma, who will officially become CFO on December 1, 2026, brings extensive experience from his previous roles at Tata Capital and Citibank. His departure from Axis Bank, where he served as Group Head and CFO since March 2020, was announced on June 28. ...Less

A new Employees' Pension Scheme, 2026, has replaced earlier pension schemes, effective June 29, 2026. Whi ...More

A new Employees' Pension Scheme, 2026, has replaced earlier pension schemes, effective June 29, 2026. While core benefits like the pension formula and contributions remain, key changes include faster pension claim settlements within 20 days and a 12% interest penalty for EPFO delays. ...Less

Maharashtra has mandated Marathi language teaching and examinations for all schools, from Classes 1 to 10 ...More

Maharashtra has mandated Marathi language teaching and examinations for all schools, from Classes 1 to 10, across all mediums. Institutions failing to comply face escalating penalties, including a Rs 1 lakh fine and potential recognition cancellation. The School Education Minister emphasized strict enforcement, urging legislators to ensure compliance and warning officials of action for dereliction of duty. Discussions also touched upon textbook revisions and promoting the state song. ...Less

Kumar (66), a seasoned public policy leader and financial sector reformer, is widely credited with playin ...More

Kumar (66), a seasoned public policy leader and financial sector reformer, is widely credited with playing a key role in revitalising India's banking and financial system during a period of significant stress between 2017 and 2020. During his tenure, he strengthened governance, risk management and regulatory oversight across banks by institutionalising specialised monitoring of large exposures and introducing technology-driven risk assessment systems. ...Less

England's inspirational captain Ben Stokes is retiring from international cricket after a stellar career. ...More

England's inspirational captain Ben Stokes is retiring from international cricket after a stellar career. Known for his fighting spirit and match-winning performances, Stokes led England to a historic World Cup triumph and spearheaded the "Bazball" revolution. His extraordinary all-round abilities and clutch performances on the biggest stages have cemented his legacy as one of cricket's modern greats. ...Less

Gold importers under the India-UAE free trade agreement have received an extension until September 30, 20 ...More

Gold importers under the India-UAE free trade agreement have received an extension until September 30, 2026, to utilize their tariff rate quota authorisations for FY 2025-26. This move comes as gold imports from the UAE saw a dip last fiscal. Separately, exporters of wheat flour and related items are being asked to provide details on quota utilization for review. ...Less

European stocks faced a minor setback on Wednesday, taking a brief respite following a strong performance ...More

European stocks faced a minor setback on Wednesday, taking a brief respite following a strong performance in the second quarter. The investor sentiment is cautious due to the halted peace dialogues between the United States and Iran. Looking ahead, key speeches from central banking officials could hint at imminent interest rate increases. Moreover, a Swedish defense contractor has secured a notable deal to provide fighter jets to Ukraine. ...Less

The justices took up Apple's appeal of a lower court's ruling upholding a decision by Oakland, California ...More

The justices took up Apple's appeal of a lower court's ruling upholding a decision by Oakland, California-based U.S. District Judge Yvonne ⁠Gonzalez Rogers ⁠finding Apple in contempt in Epic's 2020 lawsuit contesting App Store fees. ...Less

XLRI has appointed Fr. Antony R. Uvari, SJ as the new Director of its Delhi-NCR campus, effective July 1, ...More

XLRI has appointed Fr. Antony R. Uvari, SJ as the new Director of its Delhi-NCR campus, effective July 1, 2026. An XLRI alumnus with extensive academic and administrative experience, Fr. Uvari will focus on enhancing academic excellence, industry ties, and student development. His appointment signals a new phase for the relatively new Delhi-NCR campus, aiming to build on XLRI's legacy of nurturing responsible leaders. ...Less

Nifty investors face two years of flat returns, mirroring past periods that historically led to significa ...More

Nifty investors face two years of flat returns, mirroring past periods that historically led to significant market recoveries. Data shows that after similar stagnation, one-year gains ranged from 5% to 50%. Valuations have become attractive, and earnings growth is projected to accelerate. Despite some concerns, the current market setup suggests a potential for strong returns as economic fundamentals improve. ...Less

Delhi EV Policy 2026: Delhi's Cabinet has greenlit an electric vehicle policy, set to launch by July 1, w ...More

Delhi EV Policy 2026: Delhi's Cabinet has greenlit an electric vehicle policy, set to launch by July 1, with a substantial Rs 15,000 crore investment planned over four years. The policy may offer a 50% road tax waiver on hybrid vehicles up to Rs 30 lakh, aiming to accelerate electric mobility adoption despite some internal debate. This move signals a significant push towards greener transportation in the capital. ...Less

The benchmark S&P/ASX 200 index closed 0.5% lower at 8,778.70 on the final trading day of the current fin ...More

The benchmark S&P/ASX 200 index closed 0.5% lower at 8,778.70 on the final trading day of the current financial year. The index rose 3.5% for the quarter, its best since September 2025, driven by index heavyweight miners and banks ...Less

India's booming single malt whisky market faces a significant challenge: time. Demand has surged dramatic ...More

India's booming single malt whisky market faces a significant challenge: time. Demand has surged dramatically, outpacing production capabilities due to the years required for maturation. Distilleries are struggling to meet orders, with even increased capacity needing years to yield sellable stock. This situation mirrors past global whisky booms, highlighting the long-term nature of whisky production. ...Less

US stocks ended slightly lower as weakness in technology and semiconductor shares weighed on sentiment, e ...More

US stocks ended slightly lower as weakness in technology and semiconductor shares weighed on sentiment, even as Meta rose after reports of an AI-driven cloud expansion. Investors also tracked Fed Chair Kevin Warsh’s remarks that inflation risks have eased, alongside ongoing US-Iran tensions and upcoming US jobs data. ...Less

A 30-year-old Bengaluru tech professional, Aakriti Goel, left a lucrative Rs 30 lakh per annum job at Hea ...More

A 30-year-old Bengaluru tech professional, Aakriti Goel, left a lucrative Rs 30 lakh per annum job at Healofy to pursue her lifelong dream of becoming a doctor. Experiencing burnout from her demanding corporate role, she resigned in March 2020 and dedicated ten months to rigorous study, cracking the NEET 2021 with an impressive score and All India Rank of 1118. She is now in her final year of MBBS. ...Less

Uber India's head, Prabhjeet Singh, is departing after an 11-year tenure to join OpenAI as its India MD. ...More

Uber India's head, Prabhjeet Singh, is departing after an 11-year tenure to join OpenAI as its India MD. Singh, led Uber's significant growth and strategic shifts, including expanding premium services and launching electric mobility. His departure comes as India is poised to become Uber's largest market globally. ...Less

Japan's tightening visa rules are threatening the livelihoods of foreign entrepreneurs, including Nepales ...More

Japan's tightening visa rules are threatening the livelihoods of foreign entrepreneurs, including Nepalese restaurant owner Budhathoki Samjhana. Despite labor shortages, stricter business manager visa requirements, like a massive capital increase, are forcing many to consider leaving. This comes amid growing anti-immigration sentiment and concerns over overtourism, leaving families like Samjhana's in distress and questioning their future in the country. ...Less

Myanmar has become the world's top source of illicit opium, surpassing Afghanistan due to its ongoing civ ...More

Myanmar has become the world's top source of illicit opium, surpassing Afghanistan due to its ongoing civil war and economic crisis. This surge poses a significant security threat to India, with a new trafficking route directly impacting its northeastern states, fueling terror financing and arms smuggling. The report also highlights the growing global drug use and the emergence of ultra-potent synthetic opioids as a major health concern. ...Less

A former Google account executive, Yousuf Imran, quit his high-paying job after earning nearly $1 million ...More

A former Google account executive, Yousuf Imran, quit his high-paying job after earning nearly $1 million, citing fears of layoffs and the burgeoning AI boom. He was drawn to the lucrative equity packages offered by AI startups like OpenAI and Anthropic, prompting him to launch his own AI product lab, Mangosteen Studio, to build sales tools. Imran believes the current AI revolution presents a prime opportunity for calculated risks. ...Less

US Secretary of State Marco Rubio revealed plans for President Donald Trump's visit to India early next y ...More

US Secretary of State Marco Rubio revealed plans for President Donald Trump's visit to India early next year, highlighting strengthening India-US relations. This comes as both nations are nearing a bilateral trade agreement. Rubio also indicated his own travel to India before year-end to lay groundwork for the presidential trip, signaling significant diplomatic engagement. ...Less

US Ambassador to India Sergio Gor highlighted the personal friendship between President Trump and Prime M ...More

US Ambassador to India Sergio Gor highlighted the personal friendship between President Trump and Prime Minister Modi, recalling Trump's eagerness to call Modi at 6 am India time. Gor emphasized that this rapport is a key driver of the strong US-India relationship, which both leaders are committed to strengthening across trade, defense, and technology. He noted Trump's warm memories of India and his belief in a long-term partnership. ...Less

Scientists have remarkably recreated a vowel-like sound from the vocal tract of Nesyamun, an ancient Egyp ...More

Scientists have remarkably recreated a vowel-like sound from the vocal tract of Nesyamun, an ancient Egyptian priest who lived around 1100 BC. Using advanced CT scans and 3D printing, researchers produced a sound based on the mummy's preserved throat, offering a unique, albeit limited, auditory connection to the past. This groundbreaking experiment opens new avenues for understanding ancient lives through sound, complementing traditional archaeological methods. ...Less

Labour Bureau reading for DA hike: The latest AICPI-IW data for May 2026 indicates that central governmen ...More

Labour Bureau reading for DA hike: The latest AICPI-IW data for May 2026 indicates that central government employees are likely to receive a 3% dearness allowance (DA) hike, taking DA from 60% to 63%. A 4% hike appears unlikely unless June's AICPI-IW reading jumps to around 154.5, with the final outcome depending on June inflation data and the government decision. ...Less

Indian markets experienced a volatile session ahead of monthly expiry, with the Nifty closing lower at 23 ...More

Indian markets experienced a volatile session ahead of monthly expiry, with the Nifty closing lower at 23,866. Geopolitical tensions in West Asia are expected to keep investor sentiment cautious, despite a dip in crude oil prices. Analysts suggest a mixed trend for equities, with the Nifty potentially hovering around 24,000, but a break below 23,800 could signal a correction. ...Less

Soaring demand for rocket motors used to power missiles and other weapons has spurred new thinking about ...More

Soaring demand for rocket motors used to power missiles and other weapons has spurred new thinking about supply chains. Seeking big returns, Silicon Valley-style startups are now taking on defense companies that have long dominated the industry, pulled into the competition by a need for production speed, high volume and lower costs, according to ten industry executives, experts and U. S officials interviewed by Reuters. ...Less

US stocks fell as US-Iran tensions weighed on sentiment, dragging Dow, S&P 500 and Nasdaq lower. Tech sto ...More

US stocks fell as US-Iran tensions weighed on sentiment, dragging Dow, S&P 500 and Nasdaq lower. Tech stocks led declines even as Meta surged on AI cloud plans. Investors also tracked Fed rate hike risks, weak manufacturing data, and upcoming US jobs report amid cautious start to second half. ...Less

Amidst the FIFA World Cup 2026 buzz, a four-legged sensation named Ronaldo is capturing hearts. This 6-ye ...More

Amidst the FIFA World Cup 2026 buzz, a four-legged sensation named Ronaldo is capturing hearts. This 6-year-old Chiweenie, a mix of Chihuahua and Dachshund, has become a viral sensation for his incredible goal-saving skills and love for football. Initially trained to score, Ronaldo naturally gravitated towards being a goalkeeper, much to his family's delight. His antics are regularly shared on Instagram, amassing a growing fan base. ...Less

Fossilized bird eggshells from 15 million years ago in the Namib Desert are revealing a startling climate ...More

Fossilized bird eggshells from 15 million years ago in the Namib Desert are revealing a startling climate secret. Researchers found that during a past warm period, plants may have absorbed significantly less carbon dioxide. This discovery raises concerns about nature's ability to buffer our current emissions as Earth heats up, potentially shrinking the vital carbon sink we rely on. ...Less

Delhi is accelerating its electric mobility drive, with two-wheelers now forming nearly 40% of registered ...More

Delhi is accelerating its electric mobility drive, with two-wheelers now forming nearly 40% of registered electric vehicles. The city plans to ban new petrol and CNG two-wheeler registrations from April 2028, aiming to curb significant transport-related emissions. Experts emphasize the need for regional policy alignment to maximize pollution reduction benefits across the Indo-Gangetic Plain. ...Less

Global markets are showing cautious optimism as US and Iran reportedly step back from further conflict es ...More

Global markets are showing cautious optimism as US and Iran reportedly step back from further conflict escalation, with talks scheduled in Qatar. While Asian shares dipped, US equity futures climbed. However, rising oil prices and lingering inflation concerns are keeping investors on edge, despite hopes for a lasting peace and a strong tech sector performance this quarter. ...Less

US stock markets are facing a new hurdle as borrowing costs for financing equity positions surge. Record ...More

US stock markets are facing a new hurdle as borrowing costs for financing equity positions surge. Record demand for leveraged investments and derivatives activity are straining bank capacity, pushing up financing expenses. This trend, particularly concentrated in tech and semiconductor stocks, raises questions about the sustainability of the current rally, even as the broader Treasury market remains stable due to regulatory changes. ...Less

Victor Willis cause of death: Village People name was long assumed to be a reference to Greenwich Village ...More

Victor Willis cause of death: Village People name was long assumed to be a reference to Greenwich Village in New York, which was the center of the city's gay scene in the 1970s. ...Less

Heineken has appointed Rafael Oliveira as its new CEO, marking the first external hire for the top role. ...More

Heineken has appointed Rafael Oliveira as its new CEO, marking the first external hire for the top role. Oliveira, previously CEO of JDE Peet's, brings extensive international leadership experience from companies like Goldman Sachs and Kraft Heinz. His appointment follows a lengthy search and comes as he faces the challenge of navigating the beer industry as an outsider, according to analysts. ...Less

Besides, an Indian Navy marching contingent and naval band will also be part of the golden jubilee celebr ...More

Besides, an Indian Navy marching contingent and naval band will also be part of the golden jubilee celebrations of the National Day of the archipelago nation. ...Less

India faces a below-normal rainfall forecast for July, with the national average expected at 94% of the l ...More

India faces a below-normal rainfall forecast for July, with the national average expected at 94% of the long-period average. This follows a significant 40% deficit in June, attributed to unfavorable weather patterns including El Nino and a lack of low-pressure systems. While most of the country anticipates less rain, some northern and eastern regions may see normal to above-normal precipitation. ...Less

Chinese Foreign Minister Wang Yi met with Prime Minister Narendra Modi in New Delhi, expressing readiness ...More

Chinese Foreign Minister Wang Yi met with Prime Minister Narendra Modi in New Delhi, expressing readiness to work with India on sensitive issues and enhance mutual trust. He emphasized deepening cooperation and jointly advancing modernization. Wang also pledged China's support for India's BRICS chairmanship, aiming to promote the bloc's progress and solidarity among Global South nations. ...Less

Public sector banks are developing new loan products up to ₹1 lakh for street vendors, aiming to help the ...More

Public sector banks are developing new loan products up to ₹1 lakh for street vendors, aiming to help them build credit histories and transition to larger Mudra loans. This initiative bridges a gap in micro-credit, enabling vendors to scale their businesses. The government is also pushing for Grameen Credit Score integration to improve access to formal credit for first-time borrowers. ...Less

Despite India's restrictions on Chinese automakers, their electric vehicle technology is finding its way ...More

Despite India's restrictions on Chinese automakers, their electric vehicle technology is finding its way into the Indian market. Tata Motors and JSW Motor are partnering with China's Chery, utilizing their platforms for local EV production. These deals, structured as supply arrangements without technology transfer, aim to boost India's manufacturing while allowing Chinese firms to expand revenue amidst domestic slowdowns. ...Less

A federal judge in Boston has halted President Trump's executive order on mail-in voting, citing unlawful ...More

A federal judge in Boston has halted President Trump's executive order on mail-in voting, citing unlawful interference with state election administration. The order, which aimed to tighten rules and involved the Postal Service and Justice Department, was challenged by Democratic-led states. They argued it would create chaos and disenfranchise voters ahead of crucial November elections. This ruling contrasts with a previous decision in Washington D.C. ...Less

Despite India's restrictions on Chinese automakers, their electric vehicle technology is finding its way ...More

Despite India's restrictions on Chinese automakers, their electric vehicle technology is finding its way into the Indian market. Tata Motors and JSW Motor are partnering with Chinese firm Chery, utilizing their platforms for EV production. This strategy allows Indian companies to accelerate EV launches while Chinese firms tap into India's growing automotive sector, navigating complex geopolitical sensitivities. ...Less

Indian tech professionals returning from the US, including H-1B visa holders, face a challenging job mark ...More

Indian tech professionals returning from the US, including H-1B visa holders, face a challenging job market back home. Layoffs at major US tech firms have led to a surge in returnees, overwhelming limited openings. While some opportunities exist in GCCs and startups for experienced professionals, securing roles with comparable US salaries proves difficult, especially for recent graduates. ...Less

DBS Bank says the global AI arms race is driving a multi-year capex supercycle extending beyond semicondu ...More

DBS Bank says the global AI arms race is driving a multi-year capex supercycle extending beyond semiconductors into energy, networking, infrastructure and data centres. The bank expects AI spending, sovereign AI investments and rising power demand to create new investment opportunities while reshaping portfolio allocation amid geopolitical risks and persistent inflation. ...Less

Dinosaur tree found in Australia: A 'living fossil,' the Wollemi pine, once thought extinct, was rediscov ...More

Dinosaur tree found in Australia: A 'living fossil,' the Wollemi pine, once thought extinct, was rediscovered in Australia in 1994. This ancient tree, whose ancestors roamed with dinosaurs, now faces critical endangerment with a tiny wild population. Strict secrecy surrounds its location to protect it from threats like disease and bushfires. ...Less

Systematic Investment Plan (SIP) contributions to Indian equity mutual funds hit a multi-year high of 29% ...More

Systematic Investment Plan (SIP) contributions to Indian equity mutual funds hit a multi-year high of 29% in May 2026, signaling robust investor confidence despite market volatility. Equity AUM surged to Rs 36.18 lakh crore, with SIP AUM growing 17% year-on-year. This sustained growth highlights the increasing dominance of mutual funds in the investment landscape. ...Less

Sandeep Bagla of TRUST Mutual Fund sees corrected large-cap valuations as a prime entry point for 2026, e ...More

Sandeep Bagla of TRUST Mutual Fund sees corrected large-cap valuations as a prime entry point for 2026, especially in banking and IT. Their new Large & Mid Cap Fund aims to capture this shift, blending large-cap stability with mid-cap growth. Bagla highlights opportunities in financialization, premium consumption, infrastructure, defense, and tech innovation, anticipating steady economic growth driven by demographics. ...Less

As America marks its 250th anniversary, President Trump's actions have drawn comparisons to monarchy, wit ...More

As America marks its 250th anniversary, President Trump's actions have drawn comparisons to monarchy, with critics pointing to his use of power to enrich himself and target political opponents. His administration's approach, including leveraging the presidency for personal gain and demanding loyalty from the Justice Department, has sparked debate about the nature of presidential authority and echoes fears of centralized power. ...Less

Happy Tuesday! Kunal Shah has taken over as WhatsApp's chief, while Meta backs Cred in a major funding de ...More

Happy Tuesday! Kunal Shah has taken over as WhatsApp's chief, while Meta backs Cred in a major funding deal. This and more in today’s ETtech Morning Dispatch. ...Less

India is poised to approve a significant $370 million investment from Horse Powertrain Ltd., a hybrid-eng ...More

India is poised to approve a significant $370 million investment from Horse Powertrain Ltd., a hybrid-engine venture backed by China's Geely and France's Renault. This move, one of the largest Chinese-linked manufacturing investments in years, will see advanced hybrid powertrains built in India, potentially at Renault's Chennai plant. The investment aligns with India's recent policy shifts to boost local manufacturing and highlights the growing demand for hybrid vehicles. ...Less

Union Home Minister Amit Shah revealed his remarkable health turnaround, shedding over 20 kgs and reversi ...More

Union Home Minister Amit Shah revealed his remarkable health turnaround, shedding over 20 kgs and reversing diabetes since May 2020. Through consistent lifestyle changes focusing on sleep, hydration, diet, and exercise, he claims to be free from allopathic medicine and insulin. Shah urges youth to prioritize two hours of exercise and six hours of sleep for holistic well-being. ...Less

Ayush Secretary Vaidya Rajesh Kotecha's tenure has been extended for another year, until June 28, 2027. T ...More

Ayush Secretary Vaidya Rajesh Kotecha's tenure has been extended for another year, until June 28, 2027. This marks his fifth extension in the role. Kotecha, a lateral entrant, first joined the Ayush Ministry in 2017. The Appointments Committee of the Cabinet approved this latest extension, continuing his leadership in the ministry dedicated to ancient Indian medicine systems. ...Less

Dipika Kakar's journey to fame wasn't easy. She once shared a PG with four to five girls, struggled finan ...More

Dipika Kakar's journey to fame wasn't easy. She once shared a PG with four to five girls, struggled financially and even used dupattas as curtains. After leaving her air hostess job due to health issues, she found success in television. Read on to know more about her journey. ...Less

Meta's WhatsApp is set for a major financial services and AI push with Kunal Shah at the helm. This move ...More

Meta's WhatsApp is set for a major financial services and AI push with Kunal Shah at the helm. This move aims to leverage AI agents and the Meta AI chatbot to drive growth, particularly in India, a key market with over half a billion users. Shah's appointment signals India's growing influence on WhatsApp's global strategy, potentially reviving its fintech ambitions. ...Less

Indians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have ...More

Indians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have purchased these shares using convertible foreign exchange. This provision, under Section 215 of the Income Tax Act, 2025, allows for tax exemption if the sale proceeds are reinvested in specified Indian assets within six months. However, a three-year lock-in period applies to the reinvested assets. ...Less

Quote of the day by Johnny Depp reminds people that success does not create a new personality. It only br ...More

Quote of the day by Johnny Depp reminds people that success does not create a new personality. It only brings out the values, habits, and character that already exist. The quote explains how wealth, achievement, and influence expose a person's real nature. It also encourages people to build honesty, kindness, and strong values before reaching their goals because those qualities become visible once success arrives. ...Less

The Supreme Court has significantly broadened presidential authority, allowing presidents to dismiss head ...More

The Supreme Court has significantly broadened presidential authority, allowing presidents to dismiss heads of independent federal agencies at will, overturning a long-standing precedent. However, the Federal Reserve remains an exception, with a governor allowed to remain in her post while contesting her dismissal. This ruling grants presidents greater control over regulatory bodies, sparking concerns about political influence and potential instability. ...Less

Tata Electronics is investigating a massive data leak on the dark web, reportedly exposing thousands of s ...More

Tata Electronics is investigating a massive data leak on the dark web, reportedly exposing thousands of secret client files from Apple and Tesla. The company has restricted internal system access, hired a global consultant for a forensic audit, and informed authorities and clients. Apple's security team is actively collaborating with Tata on mitigation efforts following this significant cybersecurity incident. ...Less

The recent Strait of Hormuz closure, though brief, signals a potential turning point for global energy. E ...More

The recent Strait of Hormuz closure, though brief, signals a potential turning point for global energy. Echoing the 1973 oil embargo, this crisis highlights the vulnerability of interconnected markets. Nations are now prioritising energy security over cost, accelerating investments in domestic renewables, nuclear and even coal, alongside efficiency measures. ...Less

Top women's tennis stars are facing varied fortunes heading into Wimbledon. Defending champion Iga Swiate ...More

Top women's tennis stars are facing varied fortunes heading into Wimbledon. Defending champion Iga Swiatek is working on technical changes despite recent struggles. World number one Aryna Sabalenka seeks to overcome a slump, while Elena Rybakina aims to recover from injury. Coco Gauff continues to refine her serve, and rising star Mirra Andreeva arrives with a Grand Slam title and growing confidence, setting the stage for an exciting tournament. ...Less

Perizaad Zorabian, known for her roles in 'Jogger's Park' and 'Bollywood Calling', transitioned from acti ...More

Perizaad Zorabian, known for her roles in 'Jogger's Park' and 'Bollywood Calling', transitioned from acting to lead her family's poultry business. Initially drawn to entrepreneurship and even trained in acting, her career took an unexpected turn after a chance encounter led to modeling and then Bollywood. Post-marriage, she successfully expanded the poultry enterprise into a significant empire, now employing 700 people and generating substantial revenue. ...Less

Electric bike and scooter operator Lime is aiming for a valuation of up to $1.66 billion in its US IPO, s ...More

Electric bike and scooter operator Lime is aiming for a valuation of up to $1.66 billion in its US IPO, seeking to raise over $180 million. Despite past losses, the company boasts rapid revenue growth and a global presence. Uber, a key investor, plans to buy shares. This offering will test investor appetite for the industry, which faces regulatory and operational challenges. ...Less

Chinese Foreign Minister Wang Yi emphasized it is "imperative" for India and China to respect each other' ...More

Chinese Foreign Minister Wang Yi emphasized it is "imperative" for India and China to respect each other's "core interests" and take concrete steps to implement leader-level consensus. Meeting National Security Advisor Ajit Doval in New Delhi, Wang highlighted that both nations are partners, not rivals, and should promote cooperation for mutual development and the Global South's modernization. ...Less

Uber's India head Prabhjeet Singh has stepped down after 11 years at the platform. This and more in today ...More

Uber's India head Prabhjeet Singh has stepped down after 11 years at the platform. This and more in today's ETtech Top 5. ...Less

On This Day in History, July 1 marks a date shaped by major military campaigns, nation-building, scientif ...More

On This Day in History, July 1 marks a date shaped by major military campaigns, nation-building, scientific breakthroughs and cultural milestones. The Battle of the Somme began, the Dominion of Canada was formed, the Bretton Woods Conference opened, Hong Kong returned to China, Sony introduced the Walkman and Princess Diana was born, alongside significant developments in communication, politics and popular culture. ...Less

Ocean cruise operator Waterways Leisure Tourism is set to raise ₹585 crore for expansion and lease paymen ...More

Ocean cruise operator Waterways Leisure Tourism is set to raise ₹585 crore for expansion and lease payments. Despite operating a single vessel, the company plans to add two more, aiming to boost capacity. However, recent financial reports show declining revenue and profits, with a significant increase in passenger attrition and dependence on Mumbai as a key port. Investors are advised to await financial clarity due to these concerns. ...Less

Germany on Wednesday pulled the plug on its largest naval order in decades after the anti-submarine warsh ...More

Germany on Wednesday pulled the plug on its largest naval order in decades after the anti-submarine warship project suffered delays, a setback for the country's ambitions to overhaul its military. Germany ordered four F126 anti-submarine frigates in 2020 from Dutch group Damen Navel, with the price set at 10 billion euros (then $11.2 billion), with the deal later expanded to include two more vessels. ...Less

India's FM radio industry faces a crisis, with companies surrendering licenses due to government restrict ...More

India's FM radio industry faces a crisis, with companies surrendering licenses due to government restrictions and competition from digital platforms. Key demands include broadcasting news, reduced GST, smartphone FM tuner activation, and revised license fees. While the government acknowledges technological shifts, the industry warns of further closures without urgent reforms to ensure fair competition and survival. ...Less

Cred founder Kunal Shah will join WhatsApp as its global head after Meta announced a nearly $900 million ...More

Cred founder Kunal Shah will join WhatsApp as its global head after Meta announced a nearly $900 million investment in the fintech firm. This and more in today’s ETtech Top 5. ...Less

Two mothers, Amy Neville and Kristin Bride, are spearheading a movement for stronger online child safety ...More

Two mothers, Amy Neville and Kristin Bride, are spearheading a movement for stronger online child safety after losing their sons to social media-related harms. Landmark jury verdicts are holding tech giants accountable, while Congress considers new regulations. Advocates emphasize a multi-pronged approach of legislation, litigation, and education to protect young users from dangers like cyberbullying and drug poisoning, aiming to shift the focus from profit to safety. ...Less

US manufacturing activity surged in June as businesses stocked up anticipating shortages and price hikes, ...More

US manufacturing activity surged in June as businesses stocked up anticipating shortages and price hikes, driven by Middle East conflict impacts. However, factory employment plunged to a six-year low due to rising operational costs. Despite peace talks offering some confidence, inflation concerns persist, leading manufacturers to cut jobs. This trend contrasts with official payroll data, suggesting private surveys may not always predict broader employment figures. ...Less

Celebrity chef Arun Chauhan revealed Virat Kohli's significant dietary transformation, inspired by wife A ...More

Celebrity chef Arun Chauhan revealed Virat Kohli's significant dietary transformation, inspired by wife Anushka Sharma. Once a hearty eater of dishes like chole bhature and rajma-chawal, including non-veg meals, Kohli now follows a strict zero-fat, plant-based diet. He has embraced a vegan lifestyle, swapping paneer for tofu and consuming ample salads and sprouts, crediting Sharma for his improved health and a 'new lease of life'. ...Less

Tiny fiber-optic cables on seabed can do a lot more than you can imagine as researchers have found that t ...More

Tiny fiber-optic cables on seabed can do a lot more than you can imagine as researchers have found that these underwater communication cables can detect silent whales by sensing low-frequency pressure waves created while they swim. The discovery could improve whale monitoring, conservation efforts, and ocean research. Scientists used existing fibre-optic cable networks, ship data, and physics to develop a new method for tracking whales even after they stop vocalizing. ...Less

Addressing a critical gap for safe, science-backed developmental toys in India, LiLLBUD prioritizes BIS c ...More

Addressing a critical gap for safe, science-backed developmental toys in India, LiLLBUD prioritizes BIS certification to combat the prevalence of uncertified, potentially harmful products. ...Less

A Bengaluru-based tech professional has gone viral after sharing his 12-year career journey on Reddit, re ...More

A Bengaluru-based tech professional has gone viral after sharing his 12-year career journey on Reddit, revealing how he grew from earning Rs 5,000 a month as a junior web developer to a Rs 45 lakh annual package. Despite having little savings until 2021, he built a net worth of around Rs 70 lakh through aggressive investments in mutual funds, provident fund contributions and career progression. The employee also reflected on his regrets about not pursuing a bachelor's degree earlier, while expressing pride in how far he has come despite starting with a low-paying job. ...Less

Covid-19 study approach, called "test-negative design", looks at people who were admitted to hospitals or ...More

Covid-19 study approach, called "test-negative design", looks at people who were admitted to hospitals or visited emergency rooms with respiratory illnesses. ...Less

As America approaches its 250th anniversary, a new survey reveals a divided nation. While many, particula ...More

As America approaches its 250th anniversary, a new survey reveals a divided nation. While many, particularly Republicans and older adults, express pride and excitement, Democrats and younger generations feel conflicted or indifferent. Celebrations are planned nationwide, but differing sentiments highlight a complex national mood regarding the country's past and present. ...Less

Sanjeev Bikhchandani's Info Edge has achieved remarkable capital compounding, deploying Rs 4,900 crore ac ...More

Sanjeev Bikhchandani's Info Edge has achieved remarkable capital compounding, deploying Rs 4,900 crore across 135 startups since 2007, now valued at Rs 41,300 crore. Early bets on companies like Zomato and Policybazaar have transformed India's digital landscape. Info Edge's strategic investments in AI and deeptech, even before the global surge, are yielding significant returns, positioning India as a hub for globally relevant tech companies. ...Less

Across India, new art collectives are emerging, focusing on identity, heritage, and marginalized voices. ...More

Across India, new art collectives are emerging, focusing on identity, heritage, and marginalized voices. Groups like The Confluence Collective in the Eastern Himalayas and Yusmarg Collective in Kashmir are building solidarity and knowledge networks beyond traditional art creation. These collectives function as archives, support systems, and advocacy platforms, addressing crucial issues like gender, ecology, and community, and fostering a return to collective thinking in the art world. ...Less

WhatsApp's long-serving chief, Will Cathcart, is moving to a new product development role at Meta after n ...More

WhatsApp's long-serving chief, Will Cathcart, is moving to a new product development role at Meta after nearly seven years. Cred founder Kunal Shah has officially taken the reins as WhatsApp's new leader, bringing his builder mentality and global perspective to the world's largest messaging app. This transition coincides with Meta's significant $900 million investment in Cred, solidifying a new chapter for both companies. ...Less

While FTAs have opened global markets for MSMEs, experts say future deals should be designed more careful ...More

While FTAs have opened global markets for MSMEs, experts say future deals should be designed more carefully to help small firms compete at home and abroad. ...Less

Sonia Gandhi strongly criticised the Modi government's silence on the "Gaza genocide," deeming it morally ...More

Sonia Gandhi strongly criticised the Modi government's silence on the "Gaza genocide," deeming it morally reprehensible and detrimental to India's national interest. She argues that India has alienated historical allies and global public opinion, allowing Pakistan to gain influence. Gandhi highlights UN reports detailing alleged Israeli actions and the tragic case of Hind Rajab, urging India to uphold humanitarian values and reclaim its independent foreign policy. ...Less

Sathyanarayan Mundayoor, a former Revenue Officer from Kerala, left his secure government job to bring bo ...More

Sathyanarayan Mundayoor, a former Revenue Officer from Kerala, left his secure government job to bring books and learning opportunities to remote communities in Arunachal Pradesh. Affectionately known as 'Uncle Moosa', he went on to establish numerous libraries and launch the Home Library Movement, helping foster a lasting culture of reading among tribal communities across the state. ...Less

A Louisiana-based company, Fibrebond, has made headlines after its sale for $1.7 billion, with former own ...More

A Louisiana-based company, Fibrebond, has made headlines after its sale for $1.7 billion, with former owner Graham Walker gifting a staggering $240 million to 540 employees. This unprecedented payout, a condition of the sale, saw each full-time worker receive an average of $443,000, transforming lives and rewarding decades of dedication. The bonuses are being distributed over five years, with older employees receiving theirs upfront. ...Less

Assam may miss hosting Japanese Prime Minister Sanae Takaichi for the second time, with her summit-level ...More

Assam may miss hosting Japanese Prime Minister Sanae Takaichi for the second time, with her summit-level talks with PM Modi now likely shifting to New Delhi. While Guwahati was prepared, the Japanese PM's tight schedule and logistical concerns are cited. This follows a 2019 cancellation due to CAA protests, and a recent mural controversy also caused disruption. Assam seeks to attract Japanese investment. ...Less

Beaver dams carbon storage: New research reveals beavers are more than just landscape architects; their d ...More

Beaver dams carbon storage: New research reveals beavers are more than just landscape architects; their dams create wetlands that act as significant carbon sinks. A Swiss study found a beaver-shaped stream corridor retained 26% of incoming carbon annually, storing over 100 tons. Much of this carbon is hidden underground, with long-term storage potential. ...Less

Japanese Prime Minister Sanae Takaichi's planned visit to Guwahati for summit talks with PM Modi has been ...More

Japanese Prime Minister Sanae Takaichi's planned visit to Guwahati for summit talks with PM Modi has been cancelled, with the event now shifting to New Delhi. Assam Chief Minister Himanta Biswa Sarma confirmed the cancellation, citing protocol limitations on seeking reasons. This marks a second missed opportunity for Assam to host the Japanese PM, following a similar cancellation in 2019 due to CAA protests. ...Less

The government has approved an 8.25% interest rate on Employees' Provident Fund (EPF) deposits for FY26, ...More

The government has approved an 8.25% interest rate on Employees' Provident Fund (EPF) deposits for FY26, clearing the proposal recommended by the Employees' Provident Fund Organisation's (EPFO) Central Board of Trustees in March. The interest is expected to be credited to the accounts of over seven crore EPF subscribers later this month. ...Less

India's 2026 macro outlook will hinge on monsoon performance, while the investor base continues to get yo ...More

India's 2026 macro outlook will hinge on monsoon performance, while the investor base continues to get younger and more geographically dispersed, and trading activity remains heavily concentrated among large investors, NSE data showed in its latest report. ...Less

Mukesh Ambani's Reliance Jio Platforms is set for a significant Mumbai listing, aiming to raise approxima ...More

Mukesh Ambani's Reliance Jio Platforms is set for a significant Mumbai listing, aiming to raise approximately $3.8 billion. This move could mark India's largest initial public offering. Jio, a major telecom player, is diversifying into AI and cloud services. The company has attracted substantial investment from global giants. This IPO represents a key step in Jio's expansion plans. ...Less

JM Financial Mutual Fund has launched the JM Multi Asset Allocation Fund, aiming to provide long-term cap ...More

JM Financial Mutual Fund has launched the JM Multi Asset Allocation Fund, aiming to provide long-term capital appreciation and income by investing across equity, debt, and commodities. The fund employs a structured, model-guided approach to dynamically allocate assets, seeking to navigate market cycles and offer risk-adjusted growth. Experts suggest such funds can offer diversification and stability, potentially outperforming pure equity funds in uncertain times, and may suit first-time investors. ...Less

A decade after Britain's vote to leave the European Union, business leaders like Simon Boyd and Mike Hawe ...More

A decade after Britain's vote to leave the European Union, business leaders like Simon Boyd and Mike Hawes express frustration. Promises of economic booms and regained control have not materialised, with the UK struggling with access to the EU market. Economists highlight significant economic losses, while industries like carmaking and curry restaurants face increased costs and labour shortages. ...Less

A decade after the UK voted to leave the EU, the nation grapples with fractured politics and a sluggish e ...More

A decade after the UK voted to leave the EU, the nation grapples with fractured politics and a sluggish economy. Brexit's promises of control have yielded complex realities, leading to frequent leadership changes and deep divisions. While the immediate headlines have faded, the 'subterranean trace of Brexit' continues to shape Britain's unruly political landscape, leaving many voters disillusioned and the path forward uncertain. ...Less

B.K. Hariprasad assumed charge as Karnataka Congress president at a grand convention, marking a new chapt ...More

B.K. Hariprasad assumed charge as Karnataka Congress president at a grand convention, marking a new chapter for the party. He pledged to uphold democratic values and challenged the BJP and RSS for allegedly undermining the Constitution. Leaders emphasized unity and ideological commitment, aiming for victory in upcoming local polls and the 2028 Assembly elections, with aspirations for national leadership in 2029. ...Less

Indian IT majors faced a brutal sell-off, losing Rs 1.35 lakh crore after Accenture's revenue guidance cu ...More

Indian IT majors faced a brutal sell-off, losing Rs 1.35 lakh crore after Accenture's revenue guidance cut. Structural fears around AI replacing traditional services and geopolitical headwinds are deepening the sector's pain. Analysts anticipate further moderation and a shift towards M&A and new client acquisition to counter slowing growth. ...Less

US Open 2026 Golf Tournament live streaming: The 2026 US Open golf championship begins June 18 at Shinnec ...More

US Open 2026 Golf Tournament live streaming: The 2026 US Open golf championship begins June 18 at Shinnecock Hills Golf Club. Top golfers like Rory McIlroy and Scottie Scheffler will compete. Indian fans can stream the event on FanCode. The tournament concludes June 21. J. J. Spaun is the defending champion. ...Less