Weekly News Platter
The Economic Times

Weekly News Platter

28 Jun, 2025, 05:16PM IST, PTI
Hello Reader,

In case you had a busy week, these are the top stories you need to get caught up to speed...
H-1B visa dominance has shifted in the US — and not to tech giantsH-1B visa dominance has shifted in the US — and not to tech giants
New trends in H-1B visa hiring reveal a shift in which US industries are bringing in the most foreign talent. While tech firms have long dominated the program, recent patterns suggest a new group of employers is quietly emerging at the top of the visa pipeline. Read more
Zerodha's Nikhil Kamath shares only jobs that will exist in 10 years, tells why college education is doomedZerodha's Nikhil Kamath shares only jobs that will exist in 10 years, tells why college education is doomed
Nikhil Kamath sparked discussion about the relevance of traditional four-year college degrees in light of the WEF's Future of Jobs Report 2025. The report highlights growth in frontline, care economy, and technology roles, while clerical positions decline. Analytical thinking, AI, and lifelong learning are identified as crucial skills for the evolving job market. Read more
How China is playing a twin-track game with IndiaHow China is playing a twin-track game with India
India, China ties: Despite diplomatic efforts to normalise relations, China is employing trade as a strategic tool against India, halting key exports like rare earth magnets and fertilizers. These actions, impacting India's manufacturing and agriculture, appear to be a response to India's restrictions on Chinese economic engagement following border clashes. Read more
India's foreign debt jumps 10% to $736.3 bn; external debt-to-GDP also risesIndia's foreign debt jumps 10% to $736.3 bn; external debt-to-GDP also rises
India's external debt surged to USD 736.3 billion by March 2025, a 10% increase from the previous year, driven by currency market volatilities and the appreciation of the US dollar. Long-term debt constituted a major portion, while the share of short-term debt decreased, though its ratio to foreign exchange reserves increased slightly. US dollar-denominated debt remained the largest component. Read more
icon
India's banks will lend. Will tycoons like Adani and Ambani borrow?India's banks will lend. Will tycoons like Adani and Ambani borrow?
India's workforce is large, but investment is lacking. Private sector expansion is low. Banks are less exposed to key industries. The Reserve Bank of India is trying to boost lending. Tycoons are distracted by their own issues. Smaller companies are still cautious. A US-India trade deal could help exports. Private credit is currently favored. Read more
India records $13.5 billion current account surplus in March quarter, says RBIIndia records $13.5 billion current account surplus in March quarter, says RBI
India's current account saw a surplus of $13.5 billion in Q4 FY25, a significant turnaround from previous deficits, driven by robust services exports and reduced primary income outgo. While the merchandise trade deficit widened, increased remittances and strong service sector performance contributed to an overall improved current account deficit of $23.3 billion for the entire fiscal year. Read more
Tata Sons plans trust for families of Air India plane crash victims with an outlay of ₹500 crTata Sons plans trust for families of Air India plane crash victims with an outlay of ₹500 cr
Tata Sons is seeking board approval to establish a trust with an estimated allocation of ₹500 crore to support the families of the 271 victims of the Air India crash in Ahmedabad. The trust will provide compensation, medical care, and long-term assistance to both Indian and foreign nationals affected by the tragedy. Read more
Shefali Jariwala, known for Kaanta Laga and Bigg Boss, dies at the age of 42 in MumbaiShefali Jariwala, known for Kaanta Laga and Bigg Boss, dies at the age of 42 in Mumbai
Shefali Jariwala, the actress and television personality best known for her role in the music video 'Kaanta Laga' and her appearance on Bigg Boss 13, has died in Mumbai at the age of 42, according to TOI reports. Read more
India to get Tejas Mk1A this fiscal: Here is how it compares with China's JF 17, Rafale, F-16India to get Tejas Mk1A this fiscal: Here is how it compares with China's JF 17, Rafale, F-16
The HAL Tejas Mk1A, India's indigenous light fighter jet, demonstrates competitive capabilities within the global lightweight multirole fighter category. When compared to aircraft like the Dassault Rafale, F-16 Block 70, JF-17 Block III, and FA-50 Golden Eagle, the Tejas showcases comparable performance in size, weight, range, and speed, positioning it as a significant player in the international aerospace market. Read more
Maharashtra announces major power tariff cut; Here's how it will reduce your electricity billMaharashtra announces major power tariff cut; Here's how it will reduce your electricity bill
Maharashtra residents can expect lower electricity bills. Chief Minister Devendra Fadnavis announced a phased tariff reduction. The first year will see a 10% decrease. A total 26% reduction is planned over five years. Around 70% of consumers using less than 100 units will benefit most. The state is also promoting green energy. This will further reduce costs. Read more
Post offices across India to start accepting digital payments from AugustPost offices across India to start accepting digital payments from August
India Post is set to embrace digital payments. Post offices will soon accept payments via UPI. A new IT system with dynamic QR codes is being implemented. The rollout will be completed by August 2025. A pilot program has already begun in Karnataka. This upgrade aims to resolve past technical issues with digital transactions. Read more
Xiaomi launches YU7 priced from 253,500 yuan, challenging Tesla's Model YXiaomi launches YU7 priced from 253,500 yuan, challenging Tesla's Model Y
Xiaomi has priced its new electric YU7 SUV aggressively, undercutting Tesla's Model Y by 10,000 yuan in China. The YU7 base model starts at 253,500 yuan, challenging Tesla's dominance in the market. With a longer driving range of up to 835 kilometers, the YU7 aims to compete with the Model Y, Zeekr's 7X, and Li Auto's L6. Read more
ICC reports $474 mn surplus as T20 World Cup drives revenueICC reports $474 mn surplus as T20 World Cup drives revenue
The ICC announced a $474 million surplus for 2024, fueled by the Men’s T20 World Cup's success, where India clinched victory after 11 years. Despite a slight revenue dip from 2023's $839 million to $728 million, the T20 World Cup generated $691 million, highlighting its commercial appeal. India's media rights contribute significantly to ICC's revenue. Read more
India’s chicken craze takes wing as Gen Z, millennials drive unprecedented surge in demandIndia’s chicken craze takes wing as Gen Z, millennials drive unprecedented surge in demand
Jubilant FoodWorks, operator of Domino's India, faces a chicken wing shortage due to unexpectedly high demand for its new fried chicken menu. CEO Sameer Khetarpal is personally involved in sourcing wings, even rationing supplies. Read more
Pakistan starts rebuilding terror launchpads destroyed in Operation Sindoor with ISI support: ReportPakistan starts rebuilding terror launchpads destroyed in Operation Sindoor with ISI support: Report
Pakistan is reportedly rebuilding terror launchpads. These camps were destroyed by India during Operation Sindoor. The Pakistani military and ISI are backing the reconstruction. New high-tech facilities are being set up near the LoC. These facilities aim to evade Indian surveillance. International aid is allegedly being misused to finance these camps. Intelligence suggests ISI is actively involved with terror groups. Read more
Nandini retains fourth position in food, beverages category among Indian Brands: ReportNandini retains fourth position in food, beverages category among Indian Brands: Report
Nandini, Karnataka Milk Federation's brand, holds its fourth rank in India's food and beverage sector. Brand Finance's 2025 report shows Nandini climbing to 38th position among the top 100 Indian brands. Its valuation increased to USD 1,079 million. Nandini stands alongside Amul, Mother Dairy, and Britannia. KMF thanks consumers, farmers, partners, and teams for their support. Read more
Singapore International Arbitration Centre rules in favour of Amazon in Future Group caseSingapore International Arbitration Centre rules in favour of Amazon in Future Group case
The Singapore International Arbitration Centre (SIAC) has ruled in favor of Amazon in its dispute with Future Group, stating that Future's deal with Reliance Retail violated a prior agreement. The tribunal found Future Retail's resolution approving the sale of assets to Reliance breached contractual obligations. While Amazon sought ₹1,436 crore in damages, the tribunal awarded ₹23. Read more
Air India crash inquiry: ICAO to be observer as India plays up impartiality of processAir India crash inquiry: ICAO to be observer as India plays up impartiality of process
International Civil Aviation Organization wants to join the Air India crash investigation. The crash involved a Boeing 787 and resulted in 275 fatalities. ICAO's interest stems from the accident's scale and the involvement of multiple nationalities. The organization believes its participation will ensure adherence to international protocols. The United Kingdom and the United States are already involved in the investigation. Read more
Donald Trump sues Bruce Springsteen for defamation over explosive onstage commentsDonald Trump sues Bruce Springsteen for defamation over explosive onstage comments
Donald Trump is suing Bruce Springsteen for defamation over critical comments made during concerts and interviews, igniting a national debate on free speech. Trump's lawsuit, filed in New Jersey, cites Springsteen's remarks calling Trump a "conman" and representative of America's worst past. Springsteen views the suit as a bullying tactic, while Trump claims Springsteen has been lying for years. Read more
Fake student at IIT-Bombay lived in hostel, attended classes for 20 days using 21 email IDs and multiple phone numbersFake student at IIT-Bombay lived in hostel, attended classes for 20 days using 21 email IDs and multiple phone numbers
Bilal Ahmed Teli, a 22-year-old from Mangaluru, was arrested for allegedly trespassing and staying at IIT-Bombay for approximately 20 days. Posing as a student, he attended classes and slept in hostels after initially entering the campus for a one-day event. Read more

Experience your trusted ET newspaper. Now in a brand new way.
The Economic Times print edition. Experience it now with your ET Prime membership.

Read Today's Print Edition