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The President has approved the conferment of 131 Padma awards this year, including to actors Mammootty and R. Madhavan, as well as the late Satish Shah, whose kin will receive the honour posthumously
Lt. Commander Dilna K. and Lt. Commander Roopa A. of the Navy are among the Shaurya Chakra recipients after completion of Navika Sagar Parikrama II; Sepoy Janjal Pravin Prabhakar of the Mahar Regiment of Rashtriya Rifles and Lt. Shashank Tiwari of the Sikkim Scouts have been conferred the Kirti Chakra posthumously
U.S. stocks ended mostly higher on Monday, led by gains in the Nasdaq and chipmakers as investors sought bargains after Friday's sharp selloff and were relieved after Iran and Israel said they had halted attacks on each other. The halt came after an appeal from U.S. President Donald Trump that they immediately "stop shooting." The attacks over 24 hours were the most โdirect confrontation between โ Iran and โ Israel since an April ceasefire in the war. The Dow ended lower and stocks overall closed off the highs of the day. Apple shares eased late in the session even as the company unveiled a series of AI upgrades to Siri. The S&P 500 technology sector and Philadelphia SE Semiconductor Index advanced, rebounding from Friday's losses that wiped out $1 trillion in market value for U.S.-listed chipmakers. Intel shares also jumped after news website the Information reported that Alphabet's Google had placed an order to manufacture more than 3 million tensor processing units in 2028. "Today looks like a day where investors are doing a little bit of bargain hunting โ off the โbig tech selloff," said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey. "What normally happens after that is you get analysts coming in and reiterating buys." He added: "This market has โ been priced for quite a while for perfection, and these are certainly imperfect times. In that environment, you are going to see some back-and-forth, and some fear of prices having gone too far." Stocks sold off late last week after hitting a series of record highs recently. Underwhelming results from chipmaker Broadcom last week had raised concerns that the chip sector was growing too fast, while much stronger than expected jobs data for May contributed to Friday's rout, as traders priced in interest rate increases this year. According to preliminary data, the S&P 500 gained 22.07 points, or 0.30%, to end at 7,405.81 points, while the Nasdaq Composite gained 222.13 points, or 0.86%, โto 25,931.56. The Dow Jones Industrial Average fell 75.61 points, or 0.15%, to 50,791.17.Also Read | US stocks: Alphabet taps Intel to make three million in-house chips: Report Apple announced the Siri revamp at its annual Worldwide Developers Conference at its Cupertino, California, headquarters. Investors may be having a "sell-on-the-news" response, said Bruce Zaro, managing director at Granite Wealth Management in Plymouth, Massachusetts. "Perception has โ been for quite some time that Apple had been behind the curve as far as their AI offerings. That's why the stock widely underperformed many of the other big techs for some time until recently," he said. SpaceX's initial public offering on Friday could also prove a major test for U.S. stock markets, with investors wary of possible overexuberance. Other big tech advancers included Marvell Technology, which jumped as the chipmaker was set to join the benchmark S&P 500 before the start of trading on June 22. Eli Lilly gained after the drugmaker's trial results showed its next-generation obesity drug, retatrutide, curbed sleep apnea severity in addition to boosting weight loss and helping knee pain.
Apple has officially unveiled Siri AI, its biggest overhaul of Siri since the voice assistant first launched in 2011.Announced at WWDC 2026, Siri AI is powered by Apple Intelligence and brings a more conversational interface, personal context awareness, visual intelligence and the ability to take actions across apps. Apple says the new assistant can answer questions from the web, understand what's on your screen, surface information from messages, emails and photos, and help users write, edit and complete tasks.Also Read: Apple WWDC 2026: Siri gets an AI makeover, its biggest upgrade since 2011 debutHere's everything you need to know about Siri AI, including supported devices, how to access it and when it will be available.What is Siri AI?Siri AI is a completely rebuilt version of Siri powered by the next generation of Apple Intelligence.Unlike the old Siri, which primarily handled voice commands and basic queries, Siri AI can understand personal context, maintain conversations, answer follow-up questions and take actions across apps.For example, users can ask Siri to:Find a restaurant recommendation sent by a friend in MessagesPull up a hotel booking confirmation from an old emailFind photos from a recent tripDraft emails and messagesEdit and share photosAnswer questions about content currently displayed on screenSearch the web for up-to-date information on virtually any topicApple says Siri AI combines personal information, onscreen awareness and web knowledge to provide more useful and contextual responses.How to access Siri AIApple has introduced several new ways to access Siri AI across devices.On iPhoneUsers can access Siri AI by:Saying "Hey Siri"Pressing the side buttonSwiping down from the Dynamic Island to start a conversationUsing the new dedicated Siri appThe dedicated Siri app allows users to revisit previous conversations and continue chats across devices.On MacSiri AI is integrated directly into Spotlight.Users can search for answers, ask questions and access Siri AI from anywhere in macOS. Siri is also integrated into system context menus, allowing users to control-click files, images or text and ask questions about them.On iPadSiri AI is integrated into Spotlight and Visual Intelligence features, including screenshot-based interactions.On Apple WatchUsers can start conversations directly from their wrist, while Smart Stack can suggest continuing previous Siri conversations.What is the new Siri app?One of the biggest additions is a dedicated Siri app.The app stores conversation history using iCloud syncing, allowing users to start a conversation on one device and continue it on another.For example, users can begin chatting with Siri on a Mac and pick up the same conversation later on an iPhone, iPad, Apple Watch or Apple Vision Pro.Siri AI gets Visual IntelligenceApple has significantly expanded Visual Intelligence.On iPhone, Siri AI is integrated directly into the Camera app through a new Siri mode. Users can point the camera at objects and ask questions about what they see.The feature can:Identify objects and placesProvide information about foodOffer nutritional insightsHelp split restaurant bills using Apple CashAnswer questions about visual contentVisual Intelligence is also coming to iPad, Mac and Apple Vision Pro for the first time.Which devices support Siri AI?Apple Intelligence and Siri AI will only be available on supported hardware.Supported iPhonesiPhone 16 series and neweriPhone 15 ProiPhone 15 Pro MaxSupported iPadsiPad mini with A17 ProiPads powered by M1 chips or newerSupported MacsMac models with M1 chips or newerSupported Apple Watch modelsApple Watch Series 10 and newerApple Watch Ultra 2 and newerApple Watch SE 3 (when paired with a compatible iPhone)Notably, while iOS 27 supports iPhone 11 and newer devices, Siri AI itself requires Apple Intelligence-compatible hardware.Also Read: As Apple's WWDC conference kicks off, investors want to know if AI will save SiriWhen will Siri AI be available?Apple says Siri AI is available for developer testing starting now through the Apple Developer Program.A public beta will launch later this year as part of iOS 27, iPadOS 27, macOS 27, watchOS 27 and visionOS 27.Initially, Siri AI will be available in English, with support for additional languages rolling out later.
The continued rise in leverage among retail and high-net-worth investors through derivatives and margin trading facilities (MTFs) remains a key concern for the market, S Naren, Executive Director and CIO of ICICI Prudential AMC said at ICICI Securities India Investor Conference 2026.While there has been significant discussion around the sustainability of mutual fund inflows and SIP contributions, Naren believes leverage in the derivatives market poses a much bigger risk than any moderation in mutual fund investments.Also Read | Sensex down over 10K points from Dec peak. Should investors buy the dip, hold positions, or wait on sidelines? "The level of leverage in the derivatives market and the amount of margin trading funding taken from brokers have continued to increase. That is a concern because leverage among retail and HNI investors is rising," he said.According to Naren, even if SIP inflows witness a marginal slowdown, it is unlikely to pose a significant challenge as mutual fund investors are typically long-term participants who invest without leverage. In contrast, derivative traders often operate with borrowed money, increasing risks during periods of market volatility.He noted that margin trading facility exposure is currently at its highest-ever level, highlighting the growing appetite for leveraged market participation.Against this backdrop, Naren sees an interesting contrarian opportunity emerging in segments that have witnessed relentless foreign institutional investor (FII) selling over the last 20 months."If you look for something contrarian today, it would be stocks where FIIs have been persistent sellers over the last 20 months," he said.Among these, private sector banks stand out as one of the most attractive investment opportunities for long-term investors, according to Naren.He believes private banks could emerge as the best-performing sector over the next three years. One key reason is the significant reduction in foreign ownership resulting from sustained FII selling.Also Read | Four mutual funds restrict large inflows into gold ETFs and FoFs; Rs 25 crore cap imposed "FIIs used to have nearly 40% of their India portfolios allocated to private banks. Whenever they wanted to reduce exposure to India, private banks became the natural source of liquidity," Naren explained.As a result, FIIs have consistently sold private banking stocks over the last 20 months, creating a valuation opportunity for long-term investors willing to take a contrarian view.Beyond equities, Naren remains optimistic about India's debt markets following recent policy measures aimed at improving foreign investor participation.According to him, two critical factors that influence foreign investment in debt marketsโcurrency stability and taxationโhave both moved decisively in India's favour."In debt, there are two factors: currency and taxation. Both have turned very positive, which significantly improves India's attractiveness," he said.Naren believes these developments improve India's chances of gaining inclusion in global bond indices such as the Bloomberg Global Aggregate Bond Index and have contributed to a highly optimistic mood in the domestic debt market.He pointed out that bond yields have moved well below policy rates in several segments, particularly in three-year corporate bonds, creating attractive investment opportunities.However, Naren cautioned that the global fixed-income environment today is very different from what prevailed during the 2013 taper tantrum period.At that time, interest rates across much of the developed world were close to zero, making India's bond yields highly attractive to international investors. Today, investors can earn meaningful returns even in developed-market government bonds."US 30-year government bonds are yielding around 5%, and even Japanese government bond yields are at levels not seen for decades," he said.As a result, the yield differential between India and developed markets has narrowed significantly compared with 2013.Also Read | Gold and silver ETFs slip up to 8% amid Israel attack and crude oil spike. What should investors do? While India has strengthened its macroeconomic position considerably over the past decade, global investors now have a wider range of attractive fixed-income options available to them.Naren also highlighted the relatively small size of foreign portfolio investor exposure to Indian debt compared with equities.According to him, FPI debt investments remain only a fraction of FPI equity allocations. In contrast, foreign investors had built substantial equity positions in India during a period when domestic valuations traded at significant premiums to other emerging markets.He noted that Indian equities became exceptionally expensive after 2023 as domestic investors increasingly channelled savings into equities rather than debt."Valuations in India reached levels that were several times higher than markets like China. In such an environment, FIIs logically chose to reduce equity exposure," he said.At the same time, India has historically adopted a cautious approach towards opening its debt markets to foreign investors.Naren believes this measured approach has helped preserve financial stability while gradually increasing foreign participation in government securities.With improving debt market fundamentals, supportive policy measures, and attractive opportunities emerging in sectors overlooked by foreign investors, Naren sees both fixed income and select equity segments offering compelling opportunities for long-term investors.Commenting on the recent correction in Kospi, Naren said that it is a healthy correction but even now I don't think on market cap terms it is cheap.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.
You do the research, read lists of reviews, compare the filtration stages, and shell out a significant sum for the most promising, tech-savvy water purifier in the market. Then, just two months into installation, the machine starts throwing a series of confusing, flashing signals. The premium buying experience instantly evaporates, replaced by the sheer frustration of tracking down customer care and waiting at home for a technician to show up.In Indiaโs competitive consumer durables sector, this exact friction point has transformed the landscape of water purifiers. The ultimate battle is no longer just about who can build and sell the best machine; it is increasingly about who can maintain trust after the hole has been drilled in the customer's kitchen wall.While the water purifier market is traditionally viewed through the lens of one-time appliance sales, companies like Eureka Forbes, the legacy player behind AquaGuard, are increasingly betting on a far larger opportunity hidden beneath the surface: the recurring service economy built around filters, annual maintenance contracts (AMCs) and nationwide technician networks.According to internal projections by Anurag Kumar, Chief Growth Officer at Eureka Forbes, the water purifier service market alone is on track to cross Rs 9,000 crore by FY30, nearly matching the projected Rs 10,000 crore size of the product market itself.131582773Also read: Beyond the room: Why India Inc's luxury hospitality bet is becoming an experience businessBreaking down the mathFor decades, the consumer durable playbook was simple: manufacture, distribute, sell, repeat. But water purification is far different from selling a television or a refrigerator; it is an active, evolving health product bound to the fluctuating quality of local municipal and groundwater supplies."The market for product categories for water purifiers is about Rs 3,800 crore today," Kumar says in an exclusive interview with ET Online. "I think you would add another, roughly about Rs 3,500 crore of service category as well to it."Citing independent industry reports, Kumar highlighted that by FY30, this parallel economy is set to explode. The product market will expand to over Rs 10,000 crore, while the service and aftermarket ecosystem will chase it tightly at more than Rs 9,000 crore, growing at a combined double-digit compound annual growth rate (CAGR) of 11% to 12%.This shifting weight from hardware to service fundamentally changes corporate strategies. For an industry dealing with an urban penetration rate of just 14% (and a mere 7% nationally), the recurring revenue from existing households forms a highly resilient cash-flow cushion that protects margins even during macro-economic slowdowns.131582808Service scale becomes the biggest moatThe Rs 9,000 crore service opportunity explains why tech-first aggregators and rental startups are rushing into the service category. However, scaling an on-demand service infrastructure across Indiaโs complex geography is entirely different from coding an app.For legacy companies like Eureka Forbes, this operational network has become a major competitive advantage."After sales service can make or break a brand," says Kumar. "I think a lot of the trust that AquaGuard has today is really thanks to the fact that people have trust in our service... It's a very, very important integral part of our business and a very, very crucial moat that we continue to nurture."To defend this moat against new-age tech startups, Eureka Forbes operates at a scale that resembles a logistics company more than an appliance manufacturer. The company has deployed more than 8,000 technicians mapping out an operational footprint across 19,500 PIN codes.Also read: Apple expected to unveil new AI features at last developers conference with CEO Tim CookThe push to reduce maintenance costs"Once you sell a product, then you have it for life and there's some revenue which comes with it," Kumar says, referring to filter replacements, AMCs and servicing requirements.Interestingly, the biggest threat to this recurring service revenue is not new-age competitors, it has been consumer fatigue over high maintenance costs. Historically, the dread of paying steep annual fees to replace purifier filters has acted as a primary barrier keeping the remaining 86% of urban Indian households from adopting organised water purifiers.To beat this, Eureka Forbes pulled off a counter-intuitive strategic gear: they disrupted their own short-term revenue model to secure long-term market share.Last year, the company introduced a range of purifiers featuring "long-life" filters extending the replacement cycle from the traditional 12 months to a full two years."We did that because we fundamentally heard from consumers that there was also a barrier to the category around maintenance cost being high," Kumar reveals. "What two-year filters actually did was they actually lowered the maintenance cost because now you don't have to change filters every year. You have to change once every two years."Digitising a 1980s direct-sales DNAEureka Forbes, a company historically known for its door-to-door service, and making Aquaguard synonymous with water purifiers in India, faced a new piece of necessary upgrade with building digitisation. The multi-billion dollar service landscape required a complete digital overhaul of consumer interactions. The brand that built its empire in the 1980s on the soles of direct-sales agents knocking on suburban doors has had to pivot entirely to an on-demand, algorithmic infrastructure.An army of thousands of field technicians is only as efficient as the software directing them. For modern consumers who manage their entire lives via smartphone screens, a bland "technician will visit tomorrow" promise no longer cuts it."We've digitised that service," notes Kumar.The long-term playAs water contamination concerns spike across rapidly expanding urban clusters, the structural demand for pure drinking water will continue to climb, and so for water purifiers.However, as the hardware itself faces gradual commoditisation and intense price competition from newer market entrants, the center of gravity has largely shifted. Where the growth moves nextCapturing a dominant share of the service market is only half the blueprint. As Kumar maps out the strategic trajectory for Eureka Forbes over the next three to five years, the company's growth engine eyes two distinct tracks: aggressive geographic widening and targeted product diversification. Geographically, Kumar notes, the company is bypassing deep rural pockets for the time being to focus heavily on Indiaโs rapidly urbanising Tier-2 and Tier-3 towns. Instead, the company is doubling down on smaller towns where they can immediately deploy their signature localised service infrastructure without stretching their logistics network too thin.Simultaneously, the brand is attempting to de-risk its reliance on the kitchen wall by expanding into adjacent consumer durables. Kumar outlined a product pipeline anchored in high-growth, premium categories, including robotic vacuum cleaners, air purifiers, and household water softeners. The underlying playbook here is pure cross-selling. By utilising the same 8,000-strong technician network to service these newer household appliances, Eureka Forbes is betting that its aftermarket footprint can drastically lower its customer acquisition costs; positioning the legacy firm to evolve from a single-product manufacturer into a broader home-health ecosystem player.
Major Barak, currently serving with the United Nations mission in Lebanon, has been honoured with the award for her outreach efforts with women and girls during her deployment in the West Asian nation
Addressing a press conference in Chhatrapati Sambhajinagar, a day after leading an agitation in Delhi, Mr. Dipke reiterated the demand for Union Minister Dharmendra Pradhanโs resignation amid the row over the alleged NEET paper leak and CBSE OSM glitches
Apple is expected to use its Worldwide Developers Conference (WWDC) on June 8 to make a fresh push into artificial intelligence (AI), with a Siri overhaul that has been long pending, new AI-powered tools and iOS 27 likely to take centre stage.The event comes at a crucial moment for the iPhone maker. Nearly two years after unveiling Apple Intelligence, Apple is still facing criticism for delayed features and a Siri revamp that never fully materialised. Now, according to Bloomberg's Mark Gurman, the company is preparing its biggest Siri upgrade in years as it looks to catch up with rivals such as Google Gemini, ChatGPT and Samsung's Galaxy AI.Also Read: ET at Appleโs Bengaluru developer showcase: The apps headed to WWDC 2026New Siri expected to be the biggest WWDC 2026 announcementAt the heart of Apple's plans is a redesigned Siri that is expected to move beyond simple voice commands and become a more capable AI assistant.The new Siri could gain the ability to understand what's on a user's screen, pull information from emails, notes, calendars and contacts, and perform actions across apps. Users may also be able to issue multiple commands in a single prompt. For instance, asking Siri to check the weather, schedule a meeting and send a message at the same time. Many of these features were originally previewed in 2024 before being repeatedly delayed.Apple is also reportedly working on a dedicated Siri app that would function more like ChatGPT or Gemini. The app could allow users to hold ongoing conversations, upload files and photos for analysis, access chat history and sync conversations across devices through iCloud. Apple is even said to be testing support for third-party AI models including Claude and Gemini alongside ChatGPT.iOS 27 may focus on performance, battery life and reliabilityWhile AI is expected to dominate the keynote, iOS 27 itself may be less about flashy redesigns and more about fixing pain points.Unlike last year's major visual overhaul with "Liquid Glass" design, Apple is reportedly focusing on performance improvements, better battery life, fewer bugs and faster response times. The company is also believed to be laying the groundwork for a foldable iPhone expected later this year through under-the-hood changes in the operating system.Apple is also expected to introduce a new AI-focused "Search or Ask" experience, making it easier for users to search their device, launch apps and interact with Siri from a single interface.Also Read: Will your iPhone get iOS 27? These four models may miss out on Appleโs next major software updateAI writing tools and photo editing upgrades could arrive with iOS 27The update could bring a range of new AI features across the iPhone, iPad and Mac.These include a Grammarly-like grammar checker built into iOS, AI-powered writing assistance through a new "Write with Siri" feature, smarter shortcuts that can be created using natural language, AI-generated wallpapers and upgraded photo editing tools capable of expanding images, improving quality and removing unwanted objects more effectively.Apple is also expected to enhance Visual Intelligence, its answer to Google's Lens. The feature could gain the ability to recognise nutrition labels, extract contact information and provide more contextual information about objects seen through the camera.Wallet, Safari and AirPods could get useful upgradesBeyond AI, Apple is reportedly working on a handful of practical upgrades aimed at everyday users.These include a built-in bill-splitting feature in Wallet and Messages, custom digital pass creation in Wallet, a redesigned Safari start page, improved AirPods controls and updates to fitness and heart-rate tracking on the Apple Watch.The company is also said to be improving notification management, adding more customisation options to the Camera app and making several changes aimed at improving the overall experience across its devices.Also Read: Apple to let users choose rival AI models across iOS 27 features: ReportWhy WWDC 2026 could be Apple's most important AI event yetFor Apple, however, the real focus will be Siri.The assistant has largely remained unchanged while competitors have transformed their products into conversational AI platforms capable of reasoning, planning and completing complex tasks. WWDC 2026 could be Apple's attempt to show that it is finally ready to compete in that race โ and deliver some of the AI features it first promised users nearly two years ago.Whether Apple can close the gap with ChatGPT, Gemini and other AI rivals remains to be seen, but June 8 could offer the clearest look yet at the company's long-term AI strategy.
Launched by PM Modi in Panipat in 2015, the Beti Bachao, Beti Padhao campaign initially delivered strong results. Haryanaโs Sex Ratio at Birth rose from 838 in 2010 to 923 by 2019, driven by strict raids on pre-natal testing centres, inter-State crackdowns, monthly video conference reviews, and fixed accountability. However, data for the first four months of 2026 show that the number of girl babies born has dipped below 900, sparking fears that the programme is losing focus and momentum, reports Ashok Kumar
MPs, MLAs, and community representatives from across the country would participate in the July 20 rally, Rajendra Pal Gautam, head of the SC department, and Rajya Sabha member Imran Pratapgarhi, who heads the minority department, said at a press conference following a joint convention of the two departments.
The BCCI will announce India's squads for the Ireland and England white-ball tours, after a selection meeting on Saturday. A press conference led by Ajit Agarkar and Devajit Saikia will begin at 1 PM IST. Shreyas Iyer is expected to become T20 captain, while youngsters Tilak Varma and Vaibhav Sooryavanshi could earn major roles.
I cannot work against conscience," Mr. Reddy said at a press conference
โI am resigning from my post because I cannot work against conscience,โ Reddy said at a press conference in Bengaluru.
Addressing a press conference, AAPโs Delhi unit president Saurabh Bharadwaj said the sequence of events described by the government did not tally with visuals from the scene.
Senior RSS leader, Indresh Kumar, was among those who attended the inter-faith conference.
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
Director General Praveen Kumar will lead the BSF side, while Major General Mohammad Ashrafuzzaman Siddiqui, Director General of BGB, will head Bangladesh .
The press conference, held at the Constitution Club of India, also introduced the partyโs newly appointed spokespersons.
Jammu and Kashmir Chief Minister Omar Abdullah convened a strategy session with National Conference MLAs and MPs at Dachigam National Park. The meeting concluded with a call for a protest in New Delhi during Parliament's monsoon session, demanding the restoration of J&K's statehood. The party also resolved to push for a ban on liquor in the region.