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'Worst May Be Behind Us': Chief Economic Adviser On US-Iran Conflict's Effects

All India
 Updated: Jun 12, 2026
Summary is AI-generated, newsroom-reviewed
  • India's domestic demand remains strong despite Middle East conflict impact, says CEA V Anantha Nageswaran
  • Nominal GDP growth expected to reach 12%, surpassing the budget estimate of 10.1%
  • Higher nominal GDP base may offset revenue declines from economic uncertainties
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Trump Claims Iran Tried To Attack Indian Ships With Drones, Slams Deal 'Leak'

World
 Updated: Jun 12, 2026
Summary is AI-generated, newsroom-reviewed
  • US President Donald Trump said Iran tried to carry out a drone attack on Indian ships near Hormuz Strait
  • Trump called the "rebuffed" drone attack on Indian vessels as "totally unacceptable"
  • Trump also claimed that Iran's version of a proposed deal to stop the war is not what was agreed to
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Elon Musk Becomes World's 1st Trillionaire After SpaceX Shares Surge On Debut

World
 Updated: Jun 12, 2026
Summary is AI-generated, newsroom-reviewed
  • Elon Musk became the world's first trillionaire after SpaceX shares surged on debut
  • SpaceX shares rose from $135 to $150, then climbed to around $172 in trading
  • Musk became the richest person in the world after surpassing Amazon founder Jeff Bezos in January 2021
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Araghchi Says US-Iran Deal Has "Never Been Closer", Trump Shares His Post

World
 Updated: Jun 12, 2026
Summary is AI-generated, newsroom-reviewed
  • The US and Iran are reportedly close to a deal to end the Middle East conflict
  • Iranian Foreign Minister Abbas Araghchi referenced the Islamabad Memorandum of Understanding
  • He did not disclose the details of the deal and urged media to refrain from speculations
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Mamata Banerjee, Battling Revolt, Faces Case, Probe Into Firm Linked To Her

All India
 Updated: Jun 12, 2026
Summary is AI-generated, newsroom-reviewed
  • Mamata Banerjee faces a police case for alleged communal remarks during election campaigning
  • State government orders probe into an ad agency linked to Banerjee over alleged Rs 635 crore transactions
  • The ad agency case may be referred to ED for possible money laundering investigation
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Battle For Steel: Why ArcelorMittal Is In The Eye Of Storm In France

Business News
 Updated: Jun 12, 2026
Summary is AI-generated, newsroom-reviewed
  • French lawmakers voted twice to nationalise ArcelorMittal's steel operations to protect jobs and sovereignty
  • The bill faces government opposition and senate rejection, highlighting political and economic tensions
  • Steel is key to France's green transition, with nationalisation aimed at boosting decarbonisation efforts
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Casagrand Premier Builder's Rs 1,220-Crore IPO Get SEBI's Green Light

Markets
 Updated: Jun 12, 2026
Summary is AI-generated, newsroom-reviewed
  • Casagrand Premier Builder secured Sebi clearance for a Rs 1,220 crore IPO.
  • IPO includes Rs 1,200 crore fresh equity and Rs 20 crore offer for sale by promoters.
  • Company may raise up to Rs 240 crore via pre-IPO placement reducing fresh issue size.
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Why Coconut Chutney Turns Bitter And Simple Ways To Fix It

Food & Drinks
 Updated: Jun 12, 2026
Summary is AI-generated, newsroom-reviewed
  • It pairs well with idli, dosa, and vada.
  • Overcooked tempering ingredients spoil the taste.
  • Fresh ingredients help maintain the best flavour.
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Armie Hammer And Reagan Newman Growing Close After Several Dates

Hollywood
 Updated: Jun 12, 2026
Summary is AI-generated, newsroom-reviewed
  • Armie Hammer was photographed at the restaurant called Pace, he looked relaxed and comfortable with the mystery woman.
  • The photos led many to wonder who the woman was with Armie Hammer and reports soon identified her as Reagan Newman.
  • Reagan Newman is known for working in the fashion industry as a stylist, social media strategist, luxury fashion coordinator, photo director, influencer and mode
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El Nino Raises Ocean Temperatures: How Marine Life Could Be Affected

World
 Updated: Jun 12, 2026
Summary is AI-generated, newsroom-reviewed
  • El Nino is likely to be strong by late fall 2026, affecting global weather and oceans
  • El Nino warms ocean waters off Ecuador, altering global wind, rainfall, and temperatures
  • Marine heat waves, worsened by El Nino, threaten marine ecosystems and fisheries worldwide
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US Energy Secy Says Military Helped Move 7 Million Barrels Of Oil A Day

Global Economy
 Updated: Jun 12, 2026
Summary is AI-generated, newsroom-reviewed
  • The US military is aiding the removal of about 7 million barrels of oil daily from the Arabian Gulf
  • This represents roughly half of the obstructed oil flow in the Strait of Hormuz since US-Iran conflict
  • No Iranian crude is currently leaving the Strait, per Energy Secretary Chris Wright
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