The Economic Times

India plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency and Bankruptcy Code are notified. The move, based on a modified UN model law, aims to speed up resolution and improve coordination with foreign courts.

Wheat procurement is set to drop significantly in the 2026-27 marketing year. Unseasonal rains delayed grain arrivals and affected quality. This has led to a sharp decline in current procurement figures compared to last year. The government has approved some wheat and wheat product exports after assessing domestic supply and prices.

India's wholesale inflation reached a 38-month peak of 3.9% in March. This surge was fueled by rising costs of crude oil, energy, and manufactured goods. Experts anticipate further increases due to ongoing global tensions. Supply disruptions also contributed to higher input prices across various sectors. Retail inflation also saw a slight uptick.

Mehli Mistry, removed from Tata Trusts, has filed a complaint with the Maharashtra Charity Commissioner. He seeks an administrator for the Sir Dorabji Tata Trust. Mistry challenges the positions of Noel Tata, Venu Srinivasan, and Vijay Singh. He alleges procedural violations and conflicts of interest. Mistry previously contested Srinivasan and Singh's roles in another trust.

Amazon is facing a lawsuit over Fire TV Stick devices, with claims that it stopped software updates for older models to push users to buy new ones. Users reported lag, freezing, and device failure after support ended. The case raises concerns about bricking and transparency in tech products. Regulators are also reviewing whether ending updates without clear warning is unfair to consumers.

Noida apparel exporters warn wage hikes and labour unrest may disrupt shipments, as rising costs and pressure from global buyers threaten orders, risking a shift to competing markets like Bangladesh and Vietnam.

Anthropic's rumored Claude Opus 4.7 is poised to revolutionize web design by generating websites and prototypes from simple text prompts. This potential shift has already impacted design-focused stocks like Figma and Adobe, as investors anticipate AI-driven automation in the creative space. The new model could democratize design, allowing non-technical users to build digital products with ease.

Missing the April 15 deadline in 2026 can cost you up to 25% in penalties alone. The 2026 tax penalties cost late filing starts at 5% per month on unpaid taxes. Even one day late can trigger charges. Interest begins immediately and compounds daily near 7%. Costs rise faster than most expect. If you dont file taxes in 2026, the IRS adds both penalties and interest together. Filing late is more expensive than paying late. Acting early reduces total tax debt and protects your finances from rapid es

An Indian trade team led by Darpan Jain will visit the US from April 2022 for talks on a bilateral trade agreement, the first in-person meeting since October. Officials said the deal is being recalibrated amid changing tariff conditions, while India also rejected US allegations in a Section 301 probe.

New Delhi is set to redraw Lok Sabha and assembly constituencies using the 2011 Census. However, seat allocation among states will not change. Parliament will decide on a uniform increase in total seats, maintaining the current inter-state balance. This move aims to address concerns about political weight shifting. The expansion is linked to women's reservation, potentially increasing women MPs significantly.

India has rejected allegations by the US Trade Representative under its Section 301 probe, denying claims of structural excess capacity in sectors such as petrochemicals and textiles. It argued that its $42 billion trade surplus with the US is a macroeconomic outcome shaped by multiple factors and not due to unfair practices.

China deep-sea cable cutter test at 3,500 meters is now a proven capability. Over 95% of global internet traffic moves through submarine cables. Most lie at 1,500 to 4,000 meters. China has now tested a deep-sea cable cutter at 3,500 meters. This is the same critical zone. The system uses an electro-hydrostatic actuator. It blends electric power with hydraulic force and precision control. It can cut armored undersea cables under extreme pressure. China began this work around 2024. It reached rea

Quote of the day by Reese Witherspoon is gaining attention online as people discuss parenting, life lessons and human nature. The quote speaks about time spent with children and how daily family life works. Many readers are sharing the quote and connecting it to real experiences. This explainer covers the quote meaning, relevance, career journey of Reese Witherspoon, and lessons people can learn from her words today.

RCB registered a dominant five-wicket win over LSG in their IPL clash in Bengaluru on Wednesday. Bowling first, RCB restricted LSG to 146, with Rasikh Salam Dar taking 4/24 and strong support from Bhuvneshwar Kumar and Krunal Pandya. In reply, Virat Kohli anchored the chase with 49 as RCB comfortably overhauled the target in 15.1 overs to seal the victory.

Income Tax cuts: White House boasted that average refunds were projected to rise by at least $1,000. But currently, the average refund amount is $3,462, according to the latest IRS data.

Police in Nashik have registered nine FIRs over alleged sexual harassment and attempted religious conversion at a local branch of Tata Consultancy Services, with investigations indicating that seven male employees acted in a coordinated manner to target female colleagues. Eight accused, including a female operations manager, have been arrested, while another woman is absconding, and HR officials are accused of discouraging complaints. Sandeep Karnik said a special investigation team is probing t

External Affairs Minister S. Jaishankar said attacks on merchant vessels are completely unacceptable, stressing Indias commitment to secure maritime routes at the AZEC Plus meeting hosted by Japan. Amid tensions over the Strait of Hormuz, Japan announced a $10 billion energy support package to strengthen Asias supply chains. Leaders emphasised safe shipping, stable oil access, and coordinated efforts to safeguard regional energy security and economic stability.

Tata Group's presence in Uttar Pradesh is set to more than double. The state is poised to become a major manufacturing and export hub. Tata Motors aims to produce two million vehicles in five years. Tata Consultancy Services will double its workforce. The group is expanding into new sectors and social development initiatives.

A trickle of ships crossed the Strait of Hormuz Tuesday and Wednesday as a US blockade appeared to further curb traffic in the trade route already paralysed by Iranian forces, marine tracking data showed. Here are the latest developments in the strait, - US blockade enforced - The US military said the blockade of vessels either departing or destined for Iranian ports had been fully implemented during the first 48 hours.

US stock market today shows explosive moves as top gainers surge over 600% while select losers drag sentiment slightly. The Dow Jones Industrial Average has slipped nearly 200 points to 48,339, while the Nasdaq Composite surged close to 0.8% and the S&P 500 stayed in the green. While the Dow is packed with cyclical and multinational companies sensitive to global risks, the Nasdaq is dominated by AI-driven and tech firms that continue to attract strong inflows. Add to that easing oil prices and o

India has set a new export record, reaching $860 billion in shipments for the fiscal year 2025-26. This achievement surpasses the previous year's $825 billion. The nation's exports demonstrate resilience against global challenges. Nine new trade agreements are expected to boost this growth further, opening new markets and opportunities across various sectors.

Iran viral post Italy news is trending after Iran joked about replacing the US as Italys partner. The post mocked Donald Trump and praised shared culture with Italy. Giorgia Melonis criticism of Trump added to the issue. The story shows rising tensions, humour in diplomacy, and strong reactions in Europe over political statements and global relations.

The psychology of people with extremely high IQs reveals a nuanced picture. While they possess remarkable cognitive abilities, they also face unique emotional and social challenges.

The Supreme Court is examining the permissibility of public interest litigations concerning religious practices. A nine-judge bench is hearing cases on women's entry into religious sites like Sabarimala. The Travancore Devaswom Board argues PILs should not interpret religious customs. The court acknowledges the difficulty in declaring beliefs of millions as wrong. The hearing continues.

Donald Trump is with Jesus now became a major online topic after the former US president shared AI images showing himself with Jesus Christ. The posts appeared on Truth Social after earlier controversy over a similar image. The debate includes religion, politics, AI images, and reactions from supporters and critics across social media platforms and political groups.

The World Bank has unveiled a new initiative called 'Water Forward'. This program aims to provide secure water access to one billion people within the next four years. It will expand reliable water services and strengthen systems against droughts and floods. Partnerships with other development banks will help achieve this ambitious goal.

Pakistan's army chief is in Tehran for talks aimed at easing Middle East tensions. This visit is part of ongoing mediation efforts for a second round of negotiations between the United States and Iran. A fragile ceasefire is in place, but challenges remain. Regional officials report progress in discussions. Meanwhile, Israeli forces continue operations in Lebanon following diplomatic engagement.

Russian President Vladimir Putin will attend the upcoming BRICS summit in India. New Delhi will host the 18th BRICS Summit in September 2026. This marks Putin's second visit to India in less than a year. Leaders from key developing nations will gather. The summit takes place during a period of global uncertainty.

US forces report stopping nine ships from Iran's ports during a new naval blockade. However, ship tracking data indicates some vessels did pass through the Strait of Hormuz. This blockade follows failed peace talks and Iran's earlier closure of the strait. The US initiated the blockade after an air campaign against Iran.

The National Backward Classes Finance and Development Corporation recorded its highest-ever disbursement of Rs 613.75 crore in FY 2025-26. This benefited over 61,000 individuals, marking a significant increase from the previous year. The corporation also saw full utilization of funds under various schemes, including VISVAS and PM-DAKSH.

Rohit Sharma is likely to miss Mumbai Indians' IPL clash against Punjab Kings due to a hamstring injury sustained during their last match. He retired hurt after experiencing discomfort while batting. Meanwhile, England all-rounder Will Jacks is en route to join the squad but will miss Thursday's game.

India is pushing for safe passage for ships. Attacks on merchant vessels are unacceptable. Global growth needs open energy markets. India will work with partners to build strong supply chains. Japan launched a new initiative to help Asian countries facing fuel shortages. This plan offers financial aid to secure energy supplies and diversify sources.

Many people may miss the tax deadline, but they can still ask for extra time. The Internal Revenue Service allows a simple process to delay filing. However, payment rules stay strict. Filing online is faster and safer. Knowing deadlines and steps early can help avoid penalties, stress, and last-minute problems during tax season.

Affirmations are brief, intentional statements designed to foster positive thinking and self-belief. When practiced regularly, they can help reshape negative thought patterns and ease anxiety.

India's trade deals are set to boost exports. The pact with the UK is expected in May. Oman's agreement is slated for June 1. New Zealand's FTA is anticipated on April 27. The India-EU FTA is targeted for this calendar year. These agreements will open new avenues for Indian businesses.

Iran warns it could block vital shipping lanes including the Persian Gulf, Sea of Oman, and Red Sea. This move escalates tensions with the US amid ongoing talks. Pakistan is mediating to prevent further conflict. Iran's threat highlights its asymmetric capabilities to disrupt global trade and raise costs for all involved.

Asteroid 99942 Apophis, named after the Egyptian god of chaos, will make a close approach to Earth on April 13, 2029, passing within 20,000 miles and becoming visible to the naked eye. Astronomers are confident it poses no impact risk for at least 100 years, but its passage will offer a rare opportunity for scientific study.

Facebook Messenger down: Meta's instant messaging platform users are facing problem, reported Downdetector.

IRS tax refund 2026: Americans are receiving larger tax refunds this year. The average refund has reached $3,500, an increase of 11 percent. This boost is partly due to new deductions. However, rising prices for gas and groceries mean the extra money may not feel as significant. For those needing more time, an extension is available until October 15.