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TMC MP Prakash Baraik resigns in fresh blow to party, meets CP Radhakrishnan

TMC also faces rebellion of many Lok Sabha MPs who are trying to form a separate bloc in the House.

How 'Made In India' Passenger Jets Will Change Indian Aviation Forever

'UDAN' scheme has connected India's small towns through air travel. (Representational image)

Siblings To Hang, Mother Gets Life For Murder Of Hyderabad Pensioner

Investigators also uncovered digital evidence showing that the accused had searched online and watched videos on "painless" killing methods before committing the crime.

Honasa shares jump 6% on Rs 5,500 crore revenue target by FY31. What is Goldman Sachs saying?

Shares of Honasa Consumer, the parent company of Mamaearth, rallied 6% to their day’s high of Rs 438 on the BSE as investors cheered the company’s revenue target of Rs 5,500 by the financial year 2031.The company's revenue outlook implies a CAGR of about 18% between FY26 and FY31. Mamaearth is expected to remain the key growth driver, with revenue crossing Rs 2,000 crore by FY31, while The Derma Co is projected to contribute nearly Rs 1,500 crore during the same period. Further, the company plans at least two more Rs 500 crore revenue-generating brands across the portfolio, it said in an investor presentation. It owns brands such as Aqualoga, BBlunt, Dr Sheth’s, and Reginald Men. Honasa plans to expand EBITDA margins to 15% by unlocking a 500-basis-point improvement through a stronger presence in higher-margin channels and categories, alongside benefits from scale and operating efficiencies. The company's direct outlet network is targeted to grow from around 1.2 lakh outlets currently to 3 lakh outlets by FY31. A greater mix of general trade, modern trade, and quick commerce is also expected to support margin expansion.Honasa aims to become the national market leader in at least two skincare categories, while securing a top-three market share position in at least two additional categories. Following the development, Goldman Sachs raised the target price of Rs 400, which the company has already surpassed. The international brokerage has maintained a Neutral rating on the counter. Reflecting faster profitability improvement, the brokerage has raised its FY27-FY29 earnings estimates by 1-4%. However, Goldman Sachs believes the stock's risk-reward remains balanced at current valuations.Honasa Q4 snapshotThe company reported a whopping 177% year-on-year (YoY) jump in consolidated net profit to Rs 69 crore for the fourth quarter of the financial year 2026, from Rs 25 crore in the year-ago period. Honasa’s revenue from operations, meanwhile, jumped over 23% YoY to Rs 657 crore during Q4 of FY26, compared to the Rs 533 crore revenue reported in the corresponding quarter of FY25. Honasa shares have risen 64% in the last six months and about 50% in 2026. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Trump asked if he is concerned about latest inflation numbers. His answer: 'I love it'

President Trump expressed an unexpectedly positive view on recent inflation data, "loving" the rise in consumer prices despite it being the fastest annual pace in over three years. He attributed the increase primarily to energy costs linked to the Iran conflict, claiming his administration's actions would stabilize oil markets and ease inflationary pressures.

Uttar Pradesh Sets New Record, Meets Peak Power Demand Of 31,824 MW In May

Uttar Pradesh under Chief Minister Yogi Adityanath has doubled power capacity since 2014 and now meets record demand, delivering near 24 hour supply in cities.

10 bullets fired at Haryana gym owner during workout, chilling video surfaces

A gym owner was fatally shot by assailants on a motorcycle in Hansi, Haryana, during an outdoor workout. Separately, a Delhi gym faced a similar shooting incident, with a social media post claiming responsibility from the Lawrence Bishnoi gang. Investigations are underway for both attacks, exploring motives like extortion and rivalry.

Railway Minister V. Somanna sets 2026-27 deadline for completion of 32 ROBs, RUBs in Tumakuru

According to South Western Railway (SWR), the 32 ROBs and RUBs are at various stages of execution

India falls out of EM index top 10 for first time in 26 years—What that means & why it matters

India's weight dropped to a six-year low, and roughly half the record level reached in 2024, in the MSCI Emerging Markets Index.

Stock Market LIVE Updates, Sensex Today: Markets To Open In Red As Oil Rises After Fresh US Strikes On Iran

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

‘Is He Messi’s Childhood Friend?’: Calcutta HC Questions TMC’s Aroop Biswas In Stadium Chaos Case

Messi’s Salt Lake Stadium visit drew nearly 50,000 fans, many of whom said VIPs blocked their view despite paying Rs 4,500-Rs 18,000 for tickets.

Watch: US unleashes 49 Tomahawk missiles in fresh 'self-defence' strikes on Iran

The US Central Command released video of self-defense strikes against Iranian military targets, including radar and air defense sites. The operation, involving 49 Tomahawk missiles, was a response to Iran's alleged aggression threatening US forces and international shipping. This marks a significant escalation in regional tensions.

Ayodhya-Lucknow Route Gets Rs 20.20 Crore Grand Gateway For Devotees And Tourists

Two magnificent entrance gates on either side of the Ayodhya-Lucknow Highway are now providing the route with a distinct and impressive new appearance.

Oil India Eyes Nation's Next Offshore Energy Frontier; New Deepwater Targets Off East Coast Set For 2027 | Exclusive

As per documents, OIL is preparing for exploratory drilling operations starting February 2027 in 4 offshore blocks awarded under the Open Acreage Licensing Policy (OALP)-IX round

Pimco says ‘credit loss cycle’ has begun, favours quality bonds

Pacific Investment Management Co. is warning that the “credit loss cycle is upon us” as heavy spending on artificial intelligence could widen economic outcomes and hit lower-quality borrowers. Pimco’s Richard Clarida, Andrew Balls and Daniel Ivascyn said in the firm’s latest annual secular outlook report that “the default cycle is reasserting itself, and we expect significantly higher losses in lower-quality credit such as leveraged and private direct lending.”Pimco, which manages $2.3 trillion in assets, said the AI buildout could widen the range of economic outcomes over the next five years while leaving weaker and more heavily leveraged borrowers more exposed. High-grade credit spreads — the extra yield investors demand over US Treasuries to hold highly rated corporate debt — remain near their lowest levels in three decades. Demand for riskier debt has also held up despite a recent global bond selloff, as higher yields draw buyers. Pimco said that backdrop clashes with “elevated secular uncertainty,” and “we interpret this as complacency rather than strength.”The firm also pointed to “increased instances of maturity extensions and payment-in-kind structures that allow borrowers to repay debt with more debt.”

Bond traders keep bets on Fed hike in 2026

Bond traders-maintained bets that the Federal Reserve will raise interest rates by the end of the year, even after a soft US core inflation reading eased pressure on Chairman Kevin Warsh to act sooner.Interest-rate swaps showed traders were still pricing in a rate hike by December after the report on Wednesday, while Treasury yields were little changed. The rate on two-year notes, which are more sensitive to near-term changes in monetary policy, was 4.11%, down from around 4.13% before the figures. The US dollar slipped.“The biggest takeaway is that it gives the Fed a tiny bit of breathing room,” said Dan Carter, senior portfolio manager at Fort Washington Investment Advisors. “Another hot month would have put a lot more pressure on them on rate hikes, but this is just soft enough to allow them to wait and see.” The core consumer price index, which excludes food and energy to show underlying inflation, increased 0.2% from April, compared to a 0.3% consensus forecast among economists polled by Bloomberg.Ahead of the report, traders in the options market linked to the Fed-sensitive Secured Overnight Financing Rate had been piling into positions targeting multiple rate hikes in the coming months. Some had even embraced wagers for a move as soon as September following Friday’s strong US employment report.Those moves capped a repricing in the bond market since late February, when the US-Israel attack on Iran sparked a surge in oil prices. That upended bets that the central bank under Warsh would be able to lower rates, as Trump has advocated.

PM Modi sets out vision built on reforms, speed as he marks 12 years in office

PM Modi underlined his government’s agenda for the middle class, stressed on the reforms undertaken by his administration.

'Peddi' BO day 7: Ram Charan film witnesses midweek decline

Ram Charan and Janhvi Kapoor's sports drama 'Peddi' shows a slight weekday dip after a robust opening. The film garnered ₹7.55 crore on its seventh day, bringing its India net collection to ₹187.25 crore. Overseas markets contributed an additional ₹48.80 crore gross, pushing the worldwide total to ₹271.33 crore. Telugu occupancy remains strong.

Congress delegation meets EC over Natarajan row

US market indexes fall over 1%, dragged by tech and Iran war worries

President Donald Trump said the U.S. would attack Iran again "very hard" following one of ‌the most significant ⁠exchanges ⁠of fire overnight since an April ceasefire in the Middle East war. An index of semiconductors was sharply lower, with Nvidia and Broadcom among the biggest drags on the S&P 500. Investors have been worried about stretched valuations in the sector. The Cboe Volatility Index advanced for a second day. Volatility has picked up in recent days. Investors were still taking some profits in the tech space, said Tom Hainlin, an investment strategist at U.S. Bank Wealth Management in Minneapolis. Also, investors are now "pricing in maybe a higher interest rate" after recent economic data and are ⁠also worried ‌about the war, he said. "Perhaps that conflict continues on into the mid to late summer," he said.Also Read | SpaceX IPO: $1.75 trillion valuation among 5 risks about world’s biggest stock market debut The Federal Reserve is widely expected to hold interest rates at its June policy meeting. ⁠Investors are pricing in at least one 25 basis point rate hike by the end of the year. According to preliminary data, the S&P 500 lost 119.00 points, or 1.61%, to end at 7,267.65 points, while the Nasdaq Composite lost 505.31 points, or 1.97%, to 25,169.50. The Dow Jones Industrial Average fell 952.04 points, or 1.87%, to 49,920.07. Friday's U.S. jobs report was stronger than expected. On Wednesday, U.S. consumer prices increased 4.2% in the 12 months through May, the largest gain since April 2023, data showed, as the Middle East conflict raised the price of gasoline and other energy ‌products. The pace of increase was, however, in line with forecasts, as per a Reuters poll of economists. Among other decliners, Super Micro Computer tumbled after it announced plans to raise $7 billion through a series of equity and equity-linked ⁠financing transactions to fund component purchases for its growing AI server demand. The rotation out of high-flying technology shares has helped other areas of the markets that have lagged this year, including healthcare, real estate and consumer staples. The much-hyped $1.75 trillion listing of SpaceX on Friday, targeting a record $75 billion raise, could also pressure U.S. stocks as concerns mount over excessive optimism in the tech sector. Among other movers, shares of trucking companies XPO , J.B. Hunt and Old Dominion also dipped after Amazon announced expansion of its less-than-truckload freight services in the U.S. Industrials led declines among sectors.