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The Latest Breaking News from The Economic Times

Bandhan Bank raises FD rates by up to 20 basis points

Bandhan Bank has boosted fixed deposit interest rates by up to 20 basis points, with senior citizens now earning a competitive 7.95% on select tenures. This move comes as other banks also adjust their deposit offerings, even with the RBI holding the repo rate steady. The bank aims to attract…

The Economic Times

FundsIndia raises Rs 44.6 crore through maiden secured NCD issue

FundsIndia has raised Rs 44.6 crore through its maiden private placement of secured non-convertible debentures, marking its entry into the corporate debt market. The proceeds will be used to strengthen its technology platform and expand investment offerings, as affluent investors increasingly seek fixed-income products for diversification amid evolving market conditions.

The Economic Times

AI is an energy and water hog, here's what you can do to counter that

Every online query, especially those powered by AI, significantly increases energy and water consumption, experts warn. AI's growing demand is counterproductive to climate goals, with companies lacking transparency on resource use. Individuals can mitigate this by using AI less for simple tasks and making queries concise. While AI integration is…

The Economic Times

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China cybersecurity firm 360 Security Technology claims to have developed tools to match Anthropic's Mythos

Anthropic Mythos, previewed in April, is a system that detects software vulnerabilities, but cybersecurity experts have warned that it could supercharge cyberattacks.

The Economic Times

Something unexpected is happening to sea turtles, and scientists can’t fully explain it

Sea turtle nesting study: Loggerhead sea turtles in Cabo Verde are nesting earlier, a sign of adaptation to warmer seas. However, this comes with a worrying trend: females are breeding less frequently and laying fewer eggs. Researchers believe declining food availability at sea is depleting their energy reserves, impacting reproduction.

The Economic Times

OpenAI unveils custom chip it designed with Broadcom to boost its AI infrastructure

OpenAI has unveiled its first custom AI chip, Jalapeno, developed with Broadcom to boost its infrastructure. This move aims to overcome computing power shortages and reduce reliance on Nvidia's GPUs. Designed for AI inference, the chip is comparable to Nvidia's and Google's offerings. OpenAI plans to deploy Jalapeno by year-end,…

The Economic Times

Piyush Goyal to visit London before India-UK CETA comes into force

Commerce Minister Piyush Goyal's UK visit from June 25-27 aims to finalize preparations for the India-UK CETA and DCC, set to launch July 15. Discussions with UK officials will focus on operationalizing these agreements, boosting market access for Indian exports, and easing worker mobility.

The Economic Times

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A 650-foot mega tsunami struck Greenland, and scientists detected something even stranger afterward

In September 2023, a massive Greenland mega-tsunami sent mysterious vibrations through Earth for nine days. Scientists have now uncovered how a mountain collapse, trapped waves, and advanced satellites revealed one of the strangest natural events ever recorded.

The Economic Times

Qualcomm to buy AI startup Modular for $4 billion in AI software push

Qualcomm is acquiring AI startup Modular for nearly $4 billion in an all-stock deal. This move aims to enhance Qualcomm's software capabilities for running AI models across various chips without custom coding, directly challenging Nvidia's dominant CUDA platform. The acquisition is part of Qualcomm's strategy to expand its presence in…

The Economic Times

Elon Musk loses trillionaire status as SpaceX rally fades

Elon Musk's net worth has dipped below the trillion-dollar mark following a significant slump in SpaceX and Tesla shares. Just weeks after becoming the world's first trillionaire post-SpaceX's IPO, investor enthusiasm has waned. Despite recent volatility and concerns about AI valuations, credit agencies maintain a stable outlook on SpaceX's financial…

The Economic Times

2026 Maruti Brezza Facelift launch: Check expected price, launch timeline, new engine and key details you need to know

Maruti Suzuki's popular Brezza is set for a significant facelift, slated for a July 2026 launch. Expect a potential new 1.0-litre turbo petrol engine, refreshed exterior styling with updated lights and grille, and a more tech-savvy interior featuring a larger touchscreen and wireless smartphone connectivity. Safety enhancements and minor price…

The Economic Times

Psychology says people who always say ‘books are better than movies’ may not be trying to sound intellectual, they may be protecting a world their brains created

Psychology teaches us that personal preferences often reflect deeper emotional and cognitive needs. Choosing to read a book is rarely just about the words printed on a page. More often, it is about seeking connection, stimulation, escapism, or a more immersive way of experiencing a story.

The Economic Times

Best Proverb of the Day: “To live to old age is to learn to… — Life lessons on perception, learning, curiosity, experience and why experience is the best teacher

Best Proverb of the Day highlights the meaning of “To live to old age is to learn to old age.” The saying reflects the belief that learning and personal growth continue throughout life, regardless of a person’s age or experience. It suggests that wisdom is not something automatically gained with…

The Economic Times

Chinese proverb of the day: 'Dig the well before you are thirsty' offers timeless life lesson on savings, personal finance, golden wisdom on how to plan for future to tackle adversity

Chinese proverb quote of the day offers timeless wisdom about preparation, foresight, and responsibility. It teaches that success and security are often the result of actions taken before they become necessary. Whether in education, health, finances, relationships, or careers, those who prepare in advance are better equipped to handle challenges…

The Economic Times

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ENG-W vs WI-W Predicted Playing 11: Team News, Pitch Report, Weather Forecast and Live Streaming Details

England Women vs West Indies Women Live Streaming: England Women and West Indies Women meet in a crucial ICC Women's T20 World Cup clash, with both teams unbeaten and eyeing an early semi-final berth. Lord's is expected to offer a balanced surface, assisting fast bowlers initially before becoming better for…

The Economic Times

U. S Stock Market today: Alphabet stock price up, Micron Technology, Sandisk, Cerebras Systems share prices jump, FedEx shares drop. Top stocks to follow on Wednesday at Wall Street

U.S. Stock Market indexes S&P 500, Nasdaq were set for a positive opening on Wednesday while Dow Jones may witness volatile trading today.

The Economic Times

India has Rs 95,000 cr addressable market for assistive tech by 2030: NCPEDP

India's assistive technology market could reach Rs 95,000 crore by 2030 with a dedicated national policy, experts revealed. This sector, crucial for persons with disabilities and the elderly, promises innovation and job creation. A new white paper highlights the need for a coordinated approach to overcome access and service delivery…

The Economic Times

24 million honeybees escape after truck overturns in Texas, neighbourhood placed under lockdown as beekeepers warn only a fraction of hives may survive

Chaos erupted in a Texas community after an 18-wheeler flipped, releasing around 24 million honeybees and resulting in a neighbourhood lockdown. Teams of emergency workers and beekeepers are currently engaged in efforts to handle the massive influx of bees while officials advise locals to stay inside. The incident underscores critical…

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The Economic Times

Brent crude hits lowest since before start of Mideast war as more tankers exit Hormuz

Global oil prices plunged Wednesday, hitting multi-month lows as supply worries eased with tankers clearing the Strait of Hormuz. An interim deal with Iran is unlocking stored crude, potentially boosting sales significantly. While U.S. inventories remain tight, rising fuel stockpiles and a forecast cut by J.P. Morgan also contributed to…

The Economic Times

Quote of the day by David Abrams: "There are good assets and bad assets but good prices and bad prices supersede whether the assets are good or bad"

David Abrams stresses that investment outcomes depend more on entry price than asset quality. Even strong businesses can underperform if overvalued, while weaker ones can generate returns if bought cheaply. The insight reinforces core value investing principles of margin of safety, disciplined valuation, and avoiding momentum-driven buying.

The Economic Times

RBI's Malhotra says rate hike talk is premature, stays in wait-and-watch mode

Reserve Bank Governor Sanjay Malhotra stated that a rate hike is premature, emphasizing the central bank's cautious, data-dependent approach. While acknowledging moderating risks from West Asia and falling crude prices, the RBI remains vigilant about potential inflation pressures and second-round effects. The focus is on monitoring fuel price impacts and…

The Economic Times

FIFA World Cup 2026: Lionel Messi plays down 2030 World Cup talk

Lionel Messi, celebrating his 39th birthday, has indicated he'll continue playing as long as he's physically capable and contributing to his team. While focusing on the present, the football icon remains non-committal about the 2030 FIFA World Cup. Argentina's dominant start to the 2026 World Cup, with Messi leading the…

The Economic Times

Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix this

The Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax liability. This involves manipulating claims like House Rent Allowance (HRA) for undue benefits. Taxpayers who engaged in this practice are advised to voluntarily pay the correct tax and interest, or…

The Economic Times

RBI expands digital fraud protection, introduces compensation for small-value scam victims

The RBI has expanded customer protection rules for digital payment frauds to cover cases where people are tricked into sending money to scammers and introduced a compensation mechanism for small-value frauds. Eligible victims can receive up to 85% of their losses, subject to a cap of ₹25,000. The rules take…

The Economic Times

Zendaya quote of the day: 'The most valuable lesson learned is to prioritize happiness... It is important to concentrate on what brings joy and to make choices in both career and life that foster happiness' offers life lesson on true purpose of success, fulfillment

Quote of the Day by Zendaya emphasizes on happiness and making choices that align with our passions and values, we create lives that are both meaningful and rewarding. Happiness should not be postponed until certain goals are achieved; it should be woven into everyday decisions and experiences. In a world…

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