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Bihar Rerun In UP? The Fear Behind Akhilesh Yadav's 'Large Heart' Message To Congress

SP's preference is increasingly clear: replicate the successful 2024 alliance model while ensuring that Uttar Pradesh remains a Samajwadi Party-led contest

RVNL shares jump 3% after securing Rs 221 crore Railway contract

Shares of Rail Vikas Nigam Limited (RVNL) surged as much as 3.18% on Tuesday, touching an intraday high of Rs 235.50 after the company announced a fresh order win worth Rs 221.33 crore from South East Central Railway.In a regulatory filing, RVNL announced that it has secured a Letter of Acceptance (LoA) for a signalling and infrastructure upgrade project in the Bilaspur Division of South East Central Railway.The project involves the replacement of conventional Panel Interlocking systems with advanced Electronic Interlocking technology across multiple stations, including BSPR, KLPG, ABKP, MZH, HRV, PRDL, KTMA, BJRI, KJZ, MDGR, CHRM, GTK, KLTR, PLAU, and KBS. The scope of work also includes installation of indoor and outdoor signalling equipment, construction of OFC huts, development and electrification of S&T service buildings, and associated cabling works in adjoining railway sections.The contract has been awarded by South East Central Railway, a domestic entity, under the Engineering, Procurement, and Construction (EPC) model. The project is scheduled to be executed within 730 days.The total contract value stands at Rs 221.33 crore. RVNL clarified that neither the promoter group nor any group companies have any interest in the awarding entity, and the contract does not fall under related-party transactions.The latest order win further strengthens RVNL's robust order book and reinforces its position as a key player in India's railway infrastructure modernization drive. Investors cheered the development, driving the stock higher during Tuesday's trading session.Share Price Trend, Valuation & Technical OutlookDespite Tuesday's rally, RVNL's stock has been under significant selling pressure in recent months. The railway PSU has corrected nearly 25% over the past month, while investors have seen the stock decline by around 47% over the last one year, highlighting the sharp erosion in market value from its peak levels.The company currently commands a market capitalization of ₹47,586 crore. RVNL's shares have witnessed considerable volatility over the past year, with the stock hitting a 52-week high of ₹442.80 and a 52-week low of ₹227.01.From a valuation perspective, the stock trades at a Price-to-Earnings (P/E) ratio of 54.4 and a Price-to-Book (P/B) ratio of 4.85, indicating that investors continue to assign a premium valuation despite the recent correction.Also read: Wipro's Rs 15,000-crore buyback opens June 11; entitlement ratio and key details announcedOn the technical front, indicators suggest the stock may be approaching a critical zone. The 14-day Relative Strength Index (RSI) stands at 19, well below the 20-mark that is typically considered deeply oversold territory. Such readings often signal that selling may have become excessive and could pave the way for a technical rebound if buying interest returns.However, caution remains warranted. RVNL continues to exhibit a weak trend structure, with the stock currently trading below all eight of its key Simple Moving Averages (SMAs), a sign that bears still maintain control over the broader price trend.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Consumer data migration: BESCOM halts online services for 21 days in Bengaluru

BESCOM officials stated that essential online features, including application for new electricity connection, name transfer, load enhancement request, and online bill payments, will not be available from June 10 to 30

'ED targeting Hindu traders': Arvind Kejriwal attacks Centre over Punjab raids

Enforcement Directorate officials conducted raids at the Jalandhar residence and office of businessman Amit Bajaj, reportedly close to the Aam Aadmi Party. In response, AAP leaders, including Arvind Kejriwal, framed the action as harassment of 'Hindu traders' in Punjab, urging them not to panic and pledging government support against the central agency.

ED summoned Zepto founders under FEMA ahead of IPO: Here’s what the updated DRHP reveals

Quick commerce platform Zepto revealed in its updated draft red herring prospectus (DRHP) on Monday that the Enforcement Directorate (ED) had summoned its founders Aadit Palicha and Kaivalya Vohra in relation to the Foreign Exchange Management Act (FEMA) in April 2026.In its updated DRHP filed with SEBI for a $1 billion (Rs 9,500 crore) initial public offering, Zepto said that Palicha and Vohra were required to produce some documents with regard to foreign investments, audited balance sheets for the financial year 2020-21, shareholding patterns, details on loans and guarantees, income tax returns and bank accounts, along with other information.Complying with the summons, Vohra appeared before the ED on April 17 and April 22. Palicha appeared before the authority on April 20 and May 15 this year. "As on the date of this Updated Draft Red Herring Prospectus – I, they have provided relevant information and documents as requested by ED pursuant to the Summons, as well as follow-on information requested by the ED further to their interactions, including certain details in relation to our holding structure, the Scheme, and additional information in relation to our business such as business agreements and invoices," Zepto said.The quick commerce company said it has not yet received any further communication from ED. It assured that there will not be future inquiries or that these could escalate to investigations, legal proceedings or any possible penalties.Zepto IPOThe much-awaited IPO of Zepto will comprise a fresh issue of shares worth Rs 8,010 crore and an offer-for-sale (OFS) of nearly 11.35 crore shares by existing shareholders, according to the updated prospectus. The five-year-old company had filed its IPO papers confidentially with market regulator SEBI back in December 2025 and received the regulator's approval in May this year.Zepto is aiming to debut on stock markets in July, people familiar with the matter told The Economic Times. This would make the firm the third quick commerce player on Dalal Street, along with Blinkit parent Eternal and Instamart parent Swiggy.Also Read | Zepto files updated papers for Rs 9,500 crore IPO; aims July listingZepto earnings snapshotZepto reported a 75% year-on-year (YoY) jump in consolidated revenue for the fourth quarter of FY26 to Rs 7,498 crore, according to its updated DRHP. The Bengaluru-based company also narrowed its net loss to Rs 1,539 crore during the January-March quarter from Rs 1,832 crore a year earlier, the filing showed.Zepto processed 210 million orders during the quarter, i.e. over 2 million orders a day. It ended March 2026 with 1,139 dark stores, up from 1,029 a year earlier. Orders per store per day rose to 2,140 from 1,425 in the year-ago period, indicating higher throughput across its network.Also Read | Zepto Q4 revenue up 75% at Rs 7,498 crore, narrows loss to Rs 1,538 crore(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

US, Israel can't hide their differences on Iran

No wonder Donald Trump swore at his supposed friend and ally Benjamin Netanyahu last week. Within days of that June 1 phone call, Israel and Iran were back on track for the kind of military escalation that can no longer be explained away as a ceasefire breach, presenting a potentially fatal threat to the US president’s attempts to end the war.The cause of their dispute is, on the surface, simple. Israel says the April ceasefire between Tehran and Washington did not cover Lebanon, and that its troops would therefore go on fighting Hezbollah so long as the Shiite group posed a security threat to Israeli’s northern border communities. Iran says the deal did cover Lebanon, which is just another front in the same war — and of course it is.It’s precisely because it sees Hezbollah as a tool of Iran’s Islamic Revolutionary Guard Corps that Israel wanted the war in the first place. Israelis correctly blamed the IRGC for having orchestrated an entire proxy network of militias — from the Houthis in Yemen, to Hamas in Gaza, to Hezbollah in Lebanon — against the world’s only Jewish state. That Iranian strategy contributed directly to the atrocities of Oct. 7, 2023.Also Read: US Army Apache helicopter crashes near Strait of Hormuz, says reportOnly such an Iran-controlled or -inspired network can explain why Hezbollah opened a second front against the Israelis on Oct. 8 of that year, long before it could be described as a response to Israeli military excesses against Palestinian civilians in Gaza. Likewise that Hezbollah would join in the fight again when the US and Israel attacked Iran, in February. And it’s why the Houthis chose this weekend to lob a missile at Israel and announce they were closing the Bab al-Mandeb Strait to Israeli shipping.These last Houthi gestures were largely symbolic. Yet the collective message Tehran seeks to deliver is clear; it is that reports of the death of its so-called Axis of Resistance have been greatly exaggerated. The latest bout of escalation has notably been directed at Israel alone, serving to drive a wedge between it and the US, as it exposed the point at which their interests divide.Tehran on Monday appeared to want to draw a line under spiraling tit-for-tat air and missile strikes, saying it would refrain from further attacks — so long as Israel doesn’t bomb Hezbollah’s strongholds in Beirut. Netanyahu now faces a painful dilemma: Should he obey Trump by limiting his campaign against Hezbollah in the face of Iranian threats, thus granting them a level of impunity and deterrent power? Or should he ignore Trump and unleash the Israel Defense Forces on the Lebanese capital?Also Read: US carriers spent $6. 5B on fuel in April; global profit forecast is cut nearly in halfTehran’s new leaders understand this. No doubt they see it as a win-win for themselves. They know, too, that Hezbollah has recovered some of the military utility it had lost before the war after acquiring remote-controlled first-person view drones that the IDF seem ill-prepared to counter.This would present a genuine predicament to any Israeli government, because popular support for “finishing the job” in Lebanon is high. Netanyahu faces anger from across the political spectrum over his apparent submission of Israeli security interests to American ones.But this isn’t any Israeli government. Not every Israeli leader would have overseen a decades-long security policy that prioritized the suppression of the Palestinian Authority over Hamas, allowing the terrorist group to succeed beyond its wildest dreams on Oct. 7. Nor would every Israeli leader have refused to draw up a political strategy to accompany the use of force that followed in Gaza, the West Bank, and Lebanon — despite being coerced by Trump into recent talks with its central government.As the former Israeli Prime Minister Ehud Barak put it in an article for the liberal Haaretz newspaper on Monday, the story being sold to Israelis — that the IDF could eradicate Hezbollah once and for all if only its hands weren’t tied — is “a dangerous illusion.” The history of previous, painful failed incursions into Lebanon says as much.Nor would every Israeli leader have misled Trump into believing (against the advice of the US military and intelligence community) that assassinating Iran’s supreme leader would swiftly precipitate a collapse of the Islamic Republic as a whole. Nor might they have allowed their country to become quite as diplomatically isolated as it has.It is these strategic failures, amid undoubted military success, that have left Israel with few good options. Netanyahu can hope for a rapid collapse of the regime in Tehran to resolve his dilemma, but that’s unlikely. Alternatively, he can try to persuade the US to join in a long-term mow-the-lawn policy to keep Iran weak, amounting to a forever war. This, too, seems unlikely — or at least not in the interests of the US, its Gulf allies or the global economy.Failing one of these minor miracles, the risk of Israel being forced to accept a peace deal that leaves an enraged and emboldened Islamic Republic in place is real. No doubt Netanyahu, like Trump, believed in February that a short, victorious Iranian war might salvage his dimming political prospects, ahead of the Israeli elections due by October. That was a bad bet.

'This place is HOME!': Virat Kohli's latest 'extra special' RCB post goes viral

Virat Kohli celebrated RCB’s back-to-back IPL titles with an emotional post calling the franchise “HOME,” a message that quickly went viral. The star batter played a key role in the 2026 final, scoring an unbeaten 75 as RCB beat Gujarat Titans. Kohli praised the team’s belief and maturity, while also highlighting how younger players continue to push him to improve.

US lawmakers cheer as court blocks $100K H-1B fee

A chorus of US lawmakers from across the political spectrum has come out in support of a federal court order dismantling a proposed USD 100,000 H-1B visa application fee, even as the White House prepares to challenge the judicial setback in the appeals court. Breaking ranks with the executive branch, several Republican lawmakers backed the decision by shifting the spotlight away from the information technology sector, which heavily utilises this visa category, and focusing instead on how the massive financial penalty would cripple healthcare systems and educational institutions in remote regions. These conservative representatives pointed out that employers in rural areas depend heavily on international professionals to fill severe staffing voids. Stressing the severe local impact, Republican Senator Lisa Murkowski from Alaska emphasised that the issue transcended partisan politics in her state. She pointed out that the judicial intervention arrived at a pivotal juncture as academic institutions actively finalise their faculty rosters for the upcoming school term. Senator Murkowski stated, "Many school districts in rural and remote parts of the state rely on the H-1B visa programme to bring quality teachers to their communities." Unmoved by the legislative backlash, the White House strongly dug in its heels to defend the executive measure and signalled immediate plans to get the ruling overturned. White House spokesperson Taylor Rogers argued, "The H-1B programme has been abused for decades, and President Trump finally took action to fix it." Expressing absolute confidence in a legal reversal, Rogers added, "A federal judge in Washington already upheld a nearly identical order, and the administration is confident this order will be reversed on appeal." Conversely, the political opposition welcomed the court's intervention as necessary relief for critical public infrastructure. Democratic Congressman Don Beyer praised the judgment, warning that the steep executive fee would have slammed healthcare facilities already pushed to the brink by severe personnel deficits with unsustainable operational costs. Echoing this sentiment from across the aisle, Republican Congressman Mike Lawler also threw his weight behind the judicial freeze. He highlighted his own ongoing, cross-party legislative efforts to shield medical personnel from the financial burden. Congressman Lawler noted, "I have been working to exempt healthcare workers from this fee that only exacerbates the current staffing shortages in healthcare. That's why I introduced the bipartisan H-1Bs for Physicians and the Healthcare Workforce Act. While we continue to push this legislation through Congress, this ruling is welcome news." Further criticising the administration's economic logic, Congressman Sanford D. Bishop Jr. cautioned that the premium pricing would effectively slam the door on global talent, hurting domestic growth. Congressman Bishop argued, "The USD 100,000 fee for employers' H-1B applications would have discouraged the best and the brightest from coming to America and helping our economy grow and innovate." The legal architects behind the successful lawsuit also celebrated the verdict. Leading the state-level resistance, California Attorney General Rob Bonta remarked that the executive fiscal policy directly undermined the nation's capacity to import specialised professionals for sectors struggling with systemic labour deficits. Bonta stated, "This tax was an attack on America's ability to attract and retain the high-skilled talent that strengthens our economy and helps us meet critical workforce needs." Validating the multi-state legal push, New Jersey Attorney General Jennifer Davenport expressed an identical view, noting that the judiciary clearly agreed that the executive branch had completely overreached its mandate by attempting to levy the financial requirement on H-1B petitioners. However, the Republican consensus on the matter remained fractured. Voices from the conservative wing, like Arizona Congressman Eli Crane, explicitly denounced the ruling. Crane, who has been aggressively pushing for restrictive immigration overhauls, bypassed the judicial roadblock to call for a definitive legislative remedy. Congressman Crane stated, "Although an activist judge blocked President Trump's reforms to the H-1B program, Congress can fix it without judicial obstruction. Urge your representative to cosponsor the End H-1B Visa Abuse Act of 2026, which halts and significantly reforms this broken system." This highly publicised judicial verdict represents a major blow to the Trump administration's broader strategy aimed at restricting employment-driven immigration channels and creating steep hurdles for US employers trying to onboard international professionals. The development has triggered significant interest in India, given that the H-1B framework serves as a vital pipeline for the Indian workforce to access lucrative professional opportunities in the US. The non-immigrant work permit enables US corporations to recruit overseas experts with niche expertise across highly technical fields, including technology, engineering, healthcare, and finance. Because of India's robust talent pool in these specialised industries, Indian citizens systematically secure the lion's share of the total H-1B allocations distributed on an annual basis, making any disruption to the fee structure a critical economic talking point for New Delhi. Structurally, the H-1B visa has long solidified its status as an essential foundation for the American guest-worker immigration model. Under the statutory guidelines, the US government caps the yearly allocation at 65,000 standard permits, while reserving an extra 20,000 slots specifically for candidates who have earned advanced graduate degrees from US institutions. Data provided by immigration advocacy group FWD.us reveals the massive scale of this demographic, noting that approximately 730,000 H-1B visa holders reside across the US, living alongside an estimated 550,000 dependents, which includes their spouses and children.

Vaibhav Sooryavanshi reminds Glenn McGrath of Brian Lara and Garry Sobers

Glenn McGrath lauded teenage batting sensation Vaibhav Sooryavanshi, comparing his fearless style and backlift to legends Brian Lara and Garry Sobers. McGrath was amazed by Sooryavanshi's IPL power-hitting, noting his high six-to-four ratio. He expressed interest in seeing how the young batsman performs outside the subcontinent.

CBSE Class 12 re-evaluation window closes: When will revised results be declared?

The CBSE has concluded its application window for Class 12 marks verification and re-evaluation, which ran from June 2 to June 7. Over 1.6 lakh students submitted requests for more than 3.8 lakh answer books, despite facing cyber threats. While the board assures a transparent process, some students reported delays in receiving scanned answer sheets.

Who Is Parimal Nathwani? BJP-Backed Independent in Jharkhand Rajya Sabha Race

Parimal Nathwani has served twice as a Rajya Sabha member from Jharkhand and once from Andhra Pradesh on behalf of the YSR Congress.

Stock Market LIVE Updates, Sensex Today: Sensex Jumps 350 Points As Traders Assess Fragile Iran Ceasefire

Sensex Today, Stock Market, Nifty, Share Market Live News Updates

Indian Envoy meets US tech, business leaders

Rajya Sabha Polls: Congress Eyes Shifting MLAs From MP, Jharkhand As Cross-Voting Shadow Looms Large

Fearing cross-voting in Rajya Sabha polls, Congress is mulling shifting MLAs from Madhya Pradesh and Jharkhand to Karnataka or Telangana as contests tighten.

Ex-Bombay HC Judge Receives Death Threats Over Dawoodi Bohra Verdict; Daughter Attacked In London

Aditi Patel, who lives in London, received an anonymous letter on June 5 threatening the "cremation" of her family unless Justice Patel publicly retracted his April 2024 judgment.

Oil prices ease as Iran and Israel pause attacks; Brent, WTI retreat from recent highs

Oil prices dipped Tuesday as Iran and Israel paused attacks, easing immediate supply disruption fears. This followed a sharp rise on Monday amid renewed Middle East tensions. Despite the de-escalation, concerns linger over the Strait of Hormuz and Houthi actions impacting Red Sea shipping. OPEC+ agreed to boost output, but analysts doubt its effectiveness due to production struggles.

Apple's next-gen intelligence: Key features to know in Photos, Safari and other apps

Apple's WWDC 2026 unveiled iOS 27 and more, powered by Apple Intelligence and a re-engineered Siri AI. This privacy-focused system, built with Google's Gemini, offers on-device processing and "Private Cloud Compute." Key features include advanced photo editing, automated web browsing, and smarter home notifications, promising a more intuitive user experience.

Vijay honours chess champion: CM felicitates Praggnanandhaa with Rs 50 lakh

Tamil Nadu Chief Minister Vijay honored chess prodigy R Praggnanandhaa for his historic Norway Chess Tournament win, presenting him with a Rs 50 lakh reward. The CM also engaged in a friendly chess match with the Grandmaster, who was impressed by Vijay's skills. Praggnanandhaa's mother and a minister were present during the felicitation.

Trump’s $100K H-1B visa application fee declared illegal; what Federal judge order says

A federal judge has blocked a $100,000 fee for new H-1B visa applications imposed by the Trump administration. The judge ruled the fee was an unlawful tax exceeding presidential authority, siding with California and 19 other states. This decision prevents the fee from impacting businesses and potentially exacerbating shortages in education and healthcare.

Rahul's '100% Rigged' Charge, Sonia's 'Sherni' Praise: Under Fire At Home, Didi Gets INDIA Lifeline

Sources said Banerjee received backing from alliance partners, with leaders saying the issues she raised about electoral processes needed to become a collective opposition campaign