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EXPLAINED: 67 | Rare Historical Photos

US Stock Market: Citigroup shares slide after upbeat results fail to ease worries over higher costs

Citigroup reported strong second-quarter earnings, driven by trading and investment banking revenues. The bank's net income jumped 45%, surpassing analyst expectations significantly. However, shares declined as investors focused on potential higher expenses ahead. Citigroup maintained its full-year return target, signaling possible weaker second-half profitability. The bank's results align with other…

The Economic Times

India-EU FTA key to boosting India-Belgium economic ties, says Piyush Goyal

Union Minister Piyush Goyal highlighted the India-EU Free Trade Agreement's potential for India-Belgium economic ties. He met with Belgian and EU officials to strengthen cooperation in various sectors. Discussions covered agriculture, clean energy, and sustainable industrial development with EU Commissioners. Bilateral economic cooperation was also expanded with Belgium's Deputy Prime…

The Economic Times

Just 2% return! Will SBI Funds Management break the curse of India's poor billion-dollar IPO record?

India's large IPOs have shown mixed investor returns, with many billion-dollar offerings underperforming. SBI Funds Management's IPO will now test this trend with its strong financials. Analysis shows eight of thirteen large IPOs are trading above their issue prices. However, several major offerings like New India Assurance have seen significant…

The Economic Times

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Andy Burnham likely to remain pro-India if he becomes UK PM: Trade chief Harjinder Kang

UK's Trade Commissioner Harjinder Kang expressed confidence in continued strong India relations. He noted a broad cross-party consensus on India's economic significance. A new Free Trade Agreement between the UK and India officially takes effect today. This landmark pact aims to significantly boost bilateral trade and market access. The agreement…

The Economic Times

UK police say former politician and TV personality Ann Widdecombe was killed in 'targeted attack'

Former politician Ann Widdecombe was killed in a targeted attack at her home. A 28-year-old man was arrested on suspicion of murder and terror crimes. Counterterror police are investigating the motivation and extent of any planning involved. Widdecombe, a former Member of Parliament, was known for her conservative views. The…

The Economic Times

Bonus issue alert! Last day to buy this microcap pharma stock that rallied 200% in one year

Fredun Pharmaceuticals has fixed July 16 as the record date for its 2:1 bonus issue, making today the last day to buy the stock to qualify. The microcap pharma stock has surged nearly 200% over the past year and 84% in 2026, reflecting strong investor interest and robust business momentum.

The Economic Times

Handful of vessels crossing Hormuz as US blockade takes effect

A few ships passed through the Strait of Hormuz on Wednesday. This occurred hours after the United States resumed its naval blockade of Iran.

The Economic Times

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'Region's oil and gas exports are either for everyone or for no one': IRGC warns after claiming strikes on US 5th fleet base in Bahrain

Iran's IRGC warned of targeting oil routes for US allies after striking a naval base. The force claimed destruction of command centers and fuel tanks at the base in Bahrain. US forces conducted strikes on Iranian military targets near the Strait of Hormuz. These strikes aimed to degrade Iran's ability…

The Economic Times

Nuvoco Vistas shares soar 10% after strong Q1. Why Nomura, Choice see up to 47% upside?

Shares of Nuvoco Vistas surged after the cement maker reported a strong set of Q1 FY27 earnings, prompting multiple brokerages to reiterate bullish views. Analysts cited better-than-expected profitability, resilient pricing, cost discipline and capacity expansion plans as key drivers supporting further upside in the stock.

The Economic Times

FIFA World Cup 2026 Closing Ceremony Performers: From Tom Cruise, Madonna to BTS here's the A-Star list set to light up New Jersey on July 19

FIFA World Cup 2026 Closing Ceremony: The biggest football tournament in history is about to sign off in equally massive fashion. The 2026 FIFA World Cup final will feature an unprecedented halftime show. Global music icons like Madonna and BTS will perform during the interval. A pre-match ceremony will include…

The Economic Times

FIFA 2026: Kylian Mbappe denied a 3rd straight World Cup final but remains in Golden Boot mix with Messi

France striker Kylian Mbappe acknowledged his team's subpar performance led to their World Cup semifinal loss. Mbappe and Lionel Messi are currently tied with eight goals each in the tournament. Mbappe holds the tiebreaker advantage with more assists in the ongoing Golden Boot race. France will now compete in the…

The Economic Times

Investigators have conducted psychological autopsy in Air India crash probe, court filing says

India's accident investigators received a psychologist's final report for the Air India crash probe. The court filing did not identify whose psychological autopsy was conducted. The investigation also prepared a cockpit voice recorder transcript for the deadly incident. Data analysis from an engine monitoring unit is still awaited by investigators.…

The Economic Times

Global Market: SK Hynix jumps 13% as easing US inflation, AI memory optimism lift chip stocks

South Korean semiconductor shares experienced a significant surge on Wednesday. This rally was fueled by softer U.S. inflation data and renewed AI demand optimism. SK Hynix and Samsung Electronics saw substantial gains in early trading. Analysts foresee strong structural demand from AI applications supporting the memory market. Industry experts predict…

The Economic Times

China's Q2 GDP growth cools to 3-1/2-year low, structural imbalances complicate policy

China's second-quarter economic growth slowed to its weakest pace in over three years. Official data revealed a 4.3% annual rise, missing analyst expectations and government targets. Industrial output showed strength while retail sales saw some improvement last month. However, property sector investment and broader investment remained under pressure. Lingering structural…

The Economic Times

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101 equity mutual funds doubled money in 5 years; 4 did it in just 3 years. Should you invest now?

More than 100 Indian equity mutual funds doubled investors' money over five years, but experts caution against chasing past winners. While sectors such as defence, infrastructure and PSUs delivered stellar returns, recent performance has weakened. Fund managers recommend diversified equity funds over concentrated sector bets, citing attractive valuations and long-term…

The Economic Times

US Stock Market: Fed officials welcome softer US inflation, seek more evidence before policy shift

Federal Reserve officials noted cooling inflation data but stressed more months are needed. They indicated a weakened case for a near-term rate hike while remaining cautious. Market attention now shifts to producer price data for broader inflation trends. Investors have reduced expectations for an imminent interest rate increase. Policymakers remain…

The Economic Times

Tata Elxsi shares slide 6% after weak Q1 results. Why Motilal Oswal sees 16% downside from current levels?

Tata Elxsi shares fell despite reporting a strong June quarter, with net profit rising 18.2% YoY to Rs 170.6 crore and revenue increasing 14.5% to Rs 1,021.1 crore. The stock declined as investors appeared unimpressed despite healthy growth in profitability and operating margins.

The Economic Times

Sensex rises 130 points, Nifty closes above 24,050; market erases most of intraday gains

Indian stock markets closed higher on Wednesday with marginal gains. The Iran-US conflict escalated, impacting global oil prices significantly. Investors face uncertainty due to geopolitical tensions and domestic economic factors. Rising inflation and monsoon deficiency pose challenges for the Indian economy. Experts advise remaining invested in fairly valued growth sector…

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The Economic Times

Gold prices fall Rs 1,500/10 gram, silver dips Rs 2,100/kg as oil rally outweighs US inflation data. What should investors do?

Gold and silver prices fell on the MCX on Wednesday as surging crude oil prices reignited inflation worries and dampened hopes of U.S. rate cuts, weighing on demand for precious metals. Gold futures slipped Rs 1,517 per 10 grams, while silver futures dropped Rs 2,125 per kg, reversing gains from…

The Economic Times

Quote of the Day by Charles Darwin: "Nature never reveals her deepest secrets to those who merely look. It rewards those who...." - Powerful life lessons on seeing what others miss, embracing uncertainty, patient observation, and unlocking nature's deepest secrets from history's greatest naturalist

Quote of the Day by Charles Darwin: "Nature never reveals her deepest secrets to those who merely look. It rewards those who patiently observe, question, and keep wondering." In a world chasing instant answers, this timeless insight reminds us that life's greatest discoveries belong to those who stay curious, observe…

The Economic Times

Psychology explains why people choose corner seats in cafés and what your brain may be trying to protect

Corner seats offer a psychological balance of awareness and protection. Prospect-refuge theory explains this preference for observing surroundings while feeling safe. People naturally manage invisible boundaries, avoiding unexpected approaches from strangers. Environmental psychology shows settings shape behavior and feelings of control. This choice reflects a deep-rooted preference for security and…

The Economic Times

Quote of the day by Hugh Jackman: ‘When I come home, my daughter will run to the door…’ – Reveals the one moment that can make every bad day disappear

Hollywood star Hugh Jackman finds solace in his daughter's warm embrace. This simple greeting dissolves the day's pressures and challenges. Jackman emphasizes that family connections hold greater meaning than professional success. His words underscore the universal comfort found in loved ones at home. These everyday moments become cherished memories, offering…

The Economic Times

China's June oil throughput hits lowest level since pandemic on Iran war woes

China's crude oil processing in June reached its lowest point since the pandemic began. This decline occurred as global supply tightened and domestic demand weakened significantly. Refinery throughput fell substantially from the previous year, impacting overall production levels. Crude oil output also saw a slight decrease year-on-year during the first…

The Economic Times

Jagannath Rath Yatra 2026 Date: Check full schedule, significance, rituals, and grand festival celebrations in Puri

The Jagannath Rath Yatra festival in Puri, Odisha, will occur on July 16, 2026. Deities Lord Jagannath, Balabhadra, and Subhadra will journey on newly constructed wooden chariots. This annual event signifies divine love and the Lord's desire to be near devotees. The festival highlights equality and devotion, offering spiritual merit…

The Economic Times

India-UK FTA: Rolls-Royce, Range Rover cars to get cheaper by crores in India

Imported British luxury car prices will significantly decrease starting July fifteenth. Customs duty on eligible vehicles will fall from 110% to 30% immediately. This reduction is part of the new India-UK trade agreement, which includes a quota system. Luxury car makers anticipate a substantial rise in demand and sales following…

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