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Uttar Pradesh bird sanctuary designated as Ramsar site, 100th such Indian wetland

Prime Minister Narendra Modi said the feat reflects India’s unwavering commitment to protecting natural surroundings and wetlands

‘Rohit has to do a lot of hard work’: Ex-selector says Virat's WC spot is beyond doubt

Former selector Saba Karim believes Virat Kohli is a certainty for the 2027 ODI World Cup due to his consistent performances and fitness. In contrast, Rohit Sharma faces significant pressure to improve his fitness and batting to be considered for the tournament. Kohli's evolving strike rate and commitment impress selectors, while Rohit's recent IPL form raises concerns.

Meta's highest-paid employee’s 'health message' to Anthropic, OpenAI & Google

Meta's top AI executive, Alexandr Wang, revealed the company's strategy to challenge rivals like OpenAI and Google by focusing on health-related AI capabilities. While acknowledging current models aren't top-tier, Wang highlighted Meta's commitment to advancing AI for health applications, aiming to integrate these features into popular platforms like Facebook and Instagram.

World Environment Day: PM Modi calls for renewed commitment to sustainable growth

World Environment Day is celebrated annually on June 5 to raise awareness and encourage action for environmental protection

IND vs AFG: For Rishabh Pant, a milestone 50th Test is another starting point

Rishabh Pant, set for his 50th Test, displays his usual cheerful demeanor despite a shift in leadership role. While his playful spirit remains, the team management seeks adjustments to his game, focusing on situational play. This milestone match marks a new chapter for the impactful batter, emphasising his commitment to senior player responsibilities.

‘Zero clue whatsoever’: Pietersen explodes as Jofra Archer faces IPL backlash

Kevin Pietersen has backed players prioritizing IPL commitments over early returns for international duty, defending Jofra Archer's absence from England's Test. Pietersen argued that former cricketers who didn't experience the IPL lack perspective on modern players' choices. Captain Ben Stokes also defended Archer, highlighting the evolving cricketing landscape and new opportunities.

India, US reaffirm commitment on trade pact

India, US reaffirm commitment to reach trade agreement as talks conclude

The government said that during the talks, the two sides held ‘constructive and positive’ discussions on issues pertaining to trade and economy.

RBI, ED clear Myntra's FEMA violations

The Reserve Bank of India (RBI) has compounded certain violations of the Foreign Exchange Management Act (FEMA) by Myntra Designs Private Limited, paving the way for the closure of an Enforcement Directorate (ED) investigation into the matter.In a statement issued on Thursday, the ED said the RBI passed a compounding order on April 20, 2026 under Section 15 of FEMA after receiving a "No Objection" from the agency. The order resulted in the termination of the investigation against the company for the alleged contraventions.The case stemmed from an ED probe initiated in July 2025 on the basis of what the agency described as credible information regarding possible FEMA violations by Myntra, linked companies and directors for FDI "contravention" of over Rs 1,654 crore.According to the ED, the violations related to delays in submitting Annual Performance Reports (APRs) for overseas investments and undertaking overseas direct investment commitments before complying with reporting requirements.The RBI compounded two contraventions. The first involved a delay in submitting APRs under the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004, covering transactions worth Rs 42.85 crore. The second related to undertaking financial commitments through overseas direct investment despite pending APR submissions, involving Rs 3.03 crore.The company subsequently approached the RBI seeking compounding of the violations under Section 15 of FEMA."On reference from RBI, the ED issued no objection for such compounding in line with the true spirit of the Act," the agency said.Following the ED's no-objection, the RBI compounded the violations through its order dated April 20, 2026, on payment of a one-time amount of Rs 2.88 lakh.

PM Modi Holds Talks With Venezuela Acting President, Discusses Bilateral Ties

Earlier, External Affairs Minister S. Jaishankar met Delcy Rodriguez and reaffirmed India's commitment to strengthening ties with the South American nation.

Cockroach Janata Party attacks govt. on JEE data exposure, presses for Education Minister’s sacking

CJP spokesperson Ashutosh Ranka, in a press conference, sought to dispel speculation that the CJP's proposed June 6 agitation could turn violent and reiterated its commitment to peaceful protest

Rudram-II: How India's hypersonic missile uses enemy radars to destroy them

India is bolstering its aerial capabilities with the indigenous Rudram series of anti-radiation missiles, designed to neutralize enemy radar systems. These 'radar busters' are crucial for ensuring safe flight operations for Indian aircraft. Recent successful flight tests of the Rudram-II variant highlight India's commitment to advanced defense technology, complementing existing Russian-origin missiles.

Prez Murmu inaugurates tribal innovation initiatives at national ITDA conclave

President Murmu reaffirmed the government’s commitment to ensure inclusive development and said tribal communities must remain central to India’s journey

'Nepal Is Priority Partner': PM Modi After Meeting Chairman Of Rastriya Swatantra Party

PM Modi reiterated India’s commitment to elevating the “special and multifaceted” partnership between the two neighbours.

IndiGo shares fall as airline halts Manchester flights amid soaring operational costs

Shares of InterGlobe Aviation, the operator of IndiGo, fell more than 1% to their day's low of Rs 4,425 on the BSE on Wednesday after it suspended flights to and from Manchester from August 31, as prolonged airspace restrictions and rising operational expenses continue to weigh on long-haul services.The airline said the temporary suspension will lead to the return of one of the six Boeing 787-9 Dreamliner aircraft leased from Norse Atlantic Airways, which were brought in to support its long-haul international expansion plans.In a statement issued on Tuesday, IndiGo said ongoing international airspace constraints have significantly increased flight durations, while a difficult cost environment has made operations on the route increasingly challenging. As a result, services between India and Manchester will be paused from August 31, 2026.The carrier had inducted six Boeing 787-9 Dreamliners on damp lease from Norse Atlantic Airways in early 2025 as part of its strategy to accelerate entry into European markets before the arrival of its own Airbus A350 aircraft. The Manchester service was among the first long-haul routes launched under this initiative.According to the airline, a combination of geopolitical tensions in the Middle East, elevated aviation turbine fuel (ATF) prices, severe airspace restrictions and currency volatility pushed operating costs well above original expectations.Abhijit Dasgupta, Senior Vice President for Network Planning and Revenue Management at IndiGo, said the route had received a strong response from passengers despite the operational difficulties."We inducted these wide-body aircraft on a short-term basis to fast-track our connectivity to high-potential long-haul destinations such as Manchester and witnessed very encouraging demand response," Dasgupta said."Unfortunately, longer flying times due to airspace constraints coupled with dramatically escalating costs compelled us to take the decision to temporarily discontinue our India-Manchester services," he added.The airline stressed that the suspension is only temporary and reaffirmed its commitment to growing its long-haul international network. Dasgupta said the positive customer response had strengthened IndiGo's confidence in the long-term viability of the Manchester route and its wider international expansion plans.IndiGo also said affected passengers will be notified in advance and assisted with alternative travel options or refunds, wherever applicable. The airline clarified that all of its other long-haul international services will continue to operate as scheduled.IndiGo Q4 snapshotIndia’s leading airline by market share reported a net loss of Rs 2,536 crore for the fourth quarter of FY26, compared with a net profit of Rs 3,067 crore in the corresponding period last year. Revenue from operations, however, edged up 1% year-on-year to Rs 22,438 crore.The airline said its operational performance during the quarter was affected by disruptions linked to the ongoing conflict in the Middle East. Capacity, measured in available seat kilometres (ASKs), increased 3.4% year-on-year to 43.6 billion. IndiGo shares have fallen 20% in the last six months and about 17% in the last 1 year. Sensex, Nifty today: Catch all the LIVE stock market action here (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

US stocks today: US stocks end modestly higher as AI zeal overcomes Middle East jitters

The S&P 500 and the Dow closed modestly higher ​on Tuesday as risk appetite driven by AI fervor was counterbalanced by tensions arising from U.S.-Iran talks to reopen the Strait of Hormuz and end the months-long war.Gains in most of the 11 major S&P sectors kept the S&P 500 and the Dow in the green, with the small-cap Russell 2000 outperforming its larger-cap peers. The Nasdaq ‌ended the session essentially unchanged.Small-cap ⁠stocks have ⁠been some of the biggest beneficiaries of the ongoing enthusiasm surrounding artificial intelligence stocks, which provided some upside muscle. The Philadelphia SE Semiconductor Index advanced on the day.The Software & Services Index, ​battered in recent months over worries of AI disruption, closed in negative territory.Strong results from Hewlett Packard Enterprise and a funding commitment from Alphabet reinforced confidence in the ​AI buildout."The market is kind of muted at the surface level, but there is a lot going on under the hood, and that describes much of this year," said Mike Dickson, head of portfolio management at Horizon Investments in Charlotte, North Carolina. "There's some massive dispersion in the whole AI infrastructure ​ecosystem.""Markets could be in for one of these heated, melt-up rallies where the momentum keeps ⁠winning," Dickson ‌added. "I would not be surprised at all to be sitting here at the end of the summer a good bit ​higher."Tehran is studying a ​U.S. proposal to bring the war to a halt, but has not been in contact with Washington ⁠for days, according to Iranian media, which also said Iran is taking a "stern" approach, given ​what it views as a history of U.S. noncompliance and mutual distrust. Simultaneously, Israel is continuing its ​strikes on Lebanon, despite Tehran's warnings that the attacks are threatening to derail the fragile truce.The war has sent crude prices soaring, reviving worries over inflation and giving rise to an increasing likelihood that the U.S. Federal Reserve could hike interest rates by year-end. Cleveland Fed President Beth Hammack said on Tuesday that such a hike could become necessary if already-elevated inflation pressures continue to mount. On the economic front, a report from the Labor Department showed an unexpected spike in job openings, driven by the volatile professional and business services sector. Otherwise, hiring, firing and quits all decreased, suggesting a slowdown ‌in labor market churn in the face of uncertainties related to strife in the Middle East and inflationary effects.Analysts look to the May employment report due on Friday, which is expected to show the U.S. economy added 85,000 jobs last ​month, a monthly deceleration ​of 26.1%. The unemployment rate is forecast ⁠to stand pat at 4.3%.According to preliminary data, the S&P 500 gained 10.07 points, or 0.13%, to end at 7,610.03 points, while the Nasdaq Composite gained 8.78 points, or 0.03%, to 27,095.59. The Dow Jones Industrial Average rose 237.13 points, or 0.46%, to 51,316.01.Hewlett Packard Enterprise jumped after ​the AI server maker pulled forward its long-term financial targets by two years. In further evidence of AI buildout, Alphabet said it was looking to raise $80 billion in equity offerings, including an investment from Berkshire Hathaway, to fund a costly expansion of its AI infrastructure. Its shares lost ground on the day. Marvell Technology's shares surged after Nvidia Chief Executive Officer Jensen Huang called the chipmaker the next "trillion-dollar company" at the Computex conference in Taipei. Nvidia invested $2 billion in Marvell in March.A drop in bitcoin hit cryptocurrency firms Coinbase and Strategy Inc.Broadcom is expected to report quarterly results on Wednesday.

Can’t find a job after graduation? AI isn't why

It’s easy to understand why so many graduates are booing commencement speakers who tell them how great AI is. They face a brutal job market, with unemployment for recent college graduates nearing recession levels, and AI is often cited as the reason they can’t find jobs or have to drastically reassess their career plans.I have a message for the class of 2026: AI is not ruining your job prospects, at least not yet. A better explanation for the tough job market may be the prevalence of WFH, not the rise of AI.131463654Two new studies, one from the Federal Reserve Bank of New York and one from the London School of Economics, look at the recent rise in unemployment among young workers. The authors of the LSE study looked at 243 million new hires and 407 million online job postings from 2017 to 2025 in the US, UK, Australia and Canada. They observed a notable decline since 2022 in the hiring of new graduates. AI was presumed to be the reason, since the falloff tends to be in the sort of industries that are adopting AI.But these are also the same kinds of jobs — reliant on computers, knowledge-intensive, white-collar — that are most amenable to working from home. When they controlled for WFH, the authors found that the impact of AI on hiring was negligible.The study postulates that where WFH is more common, managing junior staff is more expensive. At the same time, young staffers who receive less training may be less productive than they would be otherwise, even as they mature and demand more pay. So the cost of WFH to young graduates is not just a harder job market — it also makes it harder for young employees to get good training, supervision and mentorship, a point also made by the New York Fed study.WFH has always had a superficial appeal. At first, it seems easier and often cheaper for both employers and employees; companies can pay less if they offer more flexibility, and many staffers have commitments that keep them at home. In the long term, however, both management and workers pay a price in terms of lost training and career development of younger employees.This could get even worse as AI is more widely adopted. New hires recently out of college who work on their own may figure out how to do specific tasks (perhaps with AI assistance), but they won’t learn much about how to manage office politics, charm clients or build networks. All these skills will be even more valuable in an AI job market, and none can be gained without coming into the office and observing senior colleagues.The new research doesn’t argue that AI will have no impact on hiring in the future, or that it is currently affecting hiring decisions. It’s also worth noting that many firms are still hiring — just not as much as before. There are a lot of factors that go into the health of the labor market, and if the economy worsens, the combination of AI and WFH could make it even harder for young graduates.What does seem clear is that AI is becoming a convenient villain for a lot of complaints people have about the economy. Tech executives aren’t helping by regularly declaring that AI can replace a lot of jobs. More likely, they are using AI as an excuse when they are letting people go for financial reasons. In the case of WFH, it may be easier to blame AI than to ask reluctant staff to come into the office.I’ve seen this reluctance firsthand: A few years ago I met middle-aged media executive who told me how much she loved working from home (or, often in her case, from a resort in Mexico). When I asked her about junior staffers missing out on mentoring and on-the-job training, she admitted she never would have succeeded if senior people weren’t in the office when she was coming up. But she didn’t seem too bothered by it, either.I’ve never been asked to give a commencement speech, but if for some reason I were, this would be my advice: Find a company where everyone likes going to work. Then try to get a job there — and if you do, go into the office every day.

L&T, Bharti discuss Assam growth with Sarma

Guwahati: Assam Chief Minister Himanta Biswa Sarma on Tuesday held separate meetings with senior leaders of Larsen & Toubro (L&T) and Bharti Enterprises to review ongoing projects and discuss future investments in the state.The Chief Minister said he met S.N. Subrahmanyan, Chairman and Managing Director of Larsen & Toubro, at his official residence and reviewed the progress of various projects being executed by the engineering and infrastructure major in Assam."We discussed the various projects that L&T is undertaking in Assam and the roadmap for their timely completion," Sarma said in a post on X.Later in the day, the Chief Minister also held discussions with Rajan Bharti Mittal, Vice Chairman of Bharti Enterprises, at his official residence, focusing on the group's expansion plans in Assam, particularly in the telecommunications sector."We discussed the group's expansion plans in Assam, with a specific focus on covering dark areas so that more people can benefit from proper phone and internet connectivity," Sarma said.The meetings underline the Assam government's continued engagement with leading corporate groups to accelerate infrastructure development and improve digital connectivity across the state, especially in underserved regions.Sarma also congratulated Dr Ashok Lahiri on his recent appointment as Vice Chairman of NITI Aayog and expressed the state's commitment to strengthening its partnership with the national policy think tank.Sharing details of his meeting with Lahiri in the national capital, Sarma said the newly appointed Vice Chairman "brings with him extensive experience in public policy and finance", highlighting the expertise he is expected to bring to NITI Aayog's policymaking and reform agenda.The Chief Minister noted that the Assam government is keen to deepen its engagement with NITI Aayog in implementing reforms and development policies."The Assam government aims to deepen its partnership with NITI Aayog in implementing reforms and policies that will improve the ease of living of our people," Sarma said in a post on X after the meeting.The interaction comes as Assam continues to pursue governance reforms, infrastructure development and welfare initiatives with support from central institutions. Officials believe closer collaboration with NITI Aayog will help accelerate policy implementation and improve outcomes across key sectors.

After 8,000 layoffs, Meta updates 7,000 employees on reshuffle

Meta is making big changes. Thousands of employees are moving to new AI teams. This is part of a major company-wide AI focus. CEO Mark Zuckerberg wants to strengthen Meta's AI position. Some workers are calling it an 'AI draft'. The company is also developing new AI tools. This restructuring shows Meta's growing commitment to artificial intelligence.

Why Washington is considering expanding nuclear deployments across Europe

America is considering expanding its nuclear weapons deployment to more NATO allies, with eastern European nations like Poland reportedly showing interest. This move aims to bolster deterrence amid rising tensions with Russia. These arrangements, historically central to NATO's defense, ensure allies share in nuclear policy and risk, strengthening collective security and the US commitment to protect its partners.