The Economic Times

Quote of the day by Whitney Wolfe Herd: The Bumble CEO emphasizes that meaningful relationships stem from self-understanding and confidence, urging individuals to discover their values and boundaries before seeking a partner. She warns against sacrificing one's identity for a relationship, advocating for two whole individuals to build a stable and fulfilling connection.

Alexander Drozdenko, governor of the northwest region which hosts the port, said more than 60 drones were downed overnight. He said the fire at Primorsk, a major oil-exporting outlet, was quickly extinguished and there had been no oil spill following the attack.

China's commerce ministry said the sanctions unlawfully restrict normal trade with third countries and violate international norms. In a rare move, it issued an order prohibiting recognition, enforcement or compliance with the penalties targeting the five firms.

Three top-notch hospitals in Mumbai and a famous international spiritual organisation-all functioning as charitable trusts-have been denied Income tax (I-T) exemption on the grounds that they were carrying out commercial activities.

West Bengal awaits election results. Both Trinamool Congress and BJP are confident of victory. Parties have briefed their counting agents to stay vigilant. Mamata Banerjee is seeking a fourth term as Chief Minister. A minor incident occurred at a counting centre. Leaders have urged agents to remain fearless.

A key figure in Indias fast breeder nuclear programme has highlighted the significance of the Prototype Fast Breeder Reactor (PFBR) achieving criticality, calling it a major indigenous milestone that strengthens the countrys second-stage nuclear energy ambitions.

Vote counting is happening today for the Puducherry assembly elections. The NDA faces the INDIA bloc in a close contest. Bypolls results are also expected for eight seats in Goa, Karnataka, Nagaland, Gujarat, and Maharashtra. These results will shape the political landscape in these regions. All eyes are on the final outcomes.

An explosion rocked the area near Imphal Airport on Sunday, marking the third anniversary of a significant ethnic conflict. Fortunately, no one was harmed in the blast. The Kangleipak Communist Party claimed the act was a demonstration against the recurrent bandhs and blockades affecting the region.

Russia backs India's BRICS leadership and its proposed agenda. This support is crucial as India navigates disagreements within BRICS regarding the West Asia conflict. India's recent efforts to foster dialogue among parties are seen as a significant step. Discussions on the West Asia issue will continue at the upcoming BRICS foreign ministers' meeting in New Delhi.

Extinct animals coming back: Scientists are pursuing de-extinction, aiming to bring back species like the woolly mammoth and bluebuck. The long-term goal includes rewilding these creatures into their natural habitats. This ambitious project also involves developing artificial wombs for species that cannot be carried by living relatives.

India has firmly rejected Nepal's territorial claims over Lipulekh Pass. Nepal objected to the Kailash Mansarovar Yatra route passing through the disputed region. India stated its position is consistent and clear, emphasizing the historical use of the route. India remains open to dialogue to resolve boundary issues.

Meteor showers happen when space rocks hit Earth's atmosphere at extremely high speeds and burn up, gaining fiery tails.

Nepal has raised objections to India and China's plan for the Kailash Mansarovar Yatra using the Lipulekh Pass. Kathmandu asserts that Lipulekh is its territory and was not consulted on the route. India maintains ownership of Lipulekh. Nepal has communicated its stance to both India and China, emphasizing diplomatic resolution of border disputes based on historical agreements.

Treasury Secretary Scott Bessent said Sunday that the United States was suffocating Iran's leadership through an economic blockade launched alongside the US military offensive. Bessent said his department was imposing economic measures on anyone trying to remit money into Iran to help the IRGC, Iran's elite military force.

Quote of the day by Jessica Chastain: The Oscar-winning actress emphasizes that breaking down long-standing barriers for women requires persistence and collective action. She calls on women to step forward and claim their rightful place, even in unwelcoming environments.

A bulk carrier near the Strait of Hormuz reported an attack by small craft. Iran has presented a new proposal to the United States. This plan seeks to resolve bilateral issues within 30 days and end the ongoing war. President Trump is reviewing the proposal. Iran maintains control over the Strait of Hormuz.

Delhi experienced a warm Sunday with a high of 36.6 degrees Celsius. Light rain was recorded in some areas. The India Meteorological Department has issued a yellow alert for thunderstorms and rain starting Monday. No heatwave conditions are expected. Cloudy skies with rain are forecast until May 6. The city's air quality is moderate.

Warren Buffett Apple investment: Warren Buffett lauded Tim Cook's leadership at Berkshire Hathaway's shareholder meeting, highlighting the immense success of their $35 billion Apple investment. Buffett revealed the bet was primarily on Cook, who transformed the investment into approximately $185 billion, a testament to his management of Apple's growth.

Puducherry's 2026 Assembly elections are a tight race with a record 89.83% voter turnout. Exit polls project a victory for the AINRC-led NDA, though actor Vijay's TVK is also in contention. Key constituencies feature high-profile candidates, including the incumbent CM and former CM, in closely watched contests.

Social Security and SSI benefits cut 2026: A proposed Social Security Administration rule could penalize SSI recipients living with family by counting their living space as income. This change may reduce or eliminate benefits for up to 400,000 individuals, particularly impacting disabled adults and low-income seniors who rely on shared housing for support.

Donald Trump's method of handling inflation has been disapproved by 72 per cent, cost of living 76 per cent. A staggering 66 per cent of respondents disapproved of the U.S. President's way of handling Iran.

The Indian and Cambodian military units have embarked on an exciting two-week joint drill in Cambodia, entering the second chapter of their CINBAX initiative. With a keen focus on counter-terrorism tactics and peacekeeping maneuvers, the exercise will feature hands-on training, including cutting-edge drone technology.

Air traffic in the UAE has returned to normal. The country's aviation authority lifted precautionary measures implemented on February 28. These measures were put in place at the start of the Iran war. The decision followed a thorough assessment of operational and security conditions. This coordination was done with relevant entities. Normalcy has now been restored to the skies.

Iran has presented a new 30-day proposal to the U.S. aiming to end the ongoing conflict, not just extend the ceasefire. The plan includes lifting sanctions, ending blockades, and withdrawing forces. Meanwhile, Iran remains firm on its stance regarding the Strait of Hormuz, demanding tolls for passage. The Iranian rial continues to weaken significantly against the dollar, impacting the economy.

Kerala Chief Minister Pinarayi Vijayan updated his social media bio. This comes as vote counting for the state Assembly elections is scheduled. Exit polls suggest a victory for the Congress-led United Democratic Front. The Left Democratic Front is also projected to secure seats. The results will be declared on May 4.

Israel's Prime Minister Benjamin Netanyahu stated the nation is stronger than ever. He outlined a new defense strategy focusing on strengthening capabilities and achieving independence. This includes acquiring advanced aircraft and boosting domestic arms manufacturing. The move aims to reduce reliance on foreign suppliers following recent conflicts. Israel is also developing new projects to counter drone threats.

Madhya Pradesh Chief Minister Mohan Yadav has initiated the Indore-Pithampur economic corridor. This ambitious project aims to attract investments totaling Rs 1 lakh crore. The corridor will connect key transport networks, boosting industrial production and logistics. It is expected to create significant employment opportunities. The government is also developing new industrial parks and expressways to accelerate development across the state.

GT vs PBKS Pitch Report: The Narendra Modi Stadium in Ahmedabad is known for its batsman-friendly pitches, especially those with red soil offering true bounce. For the IPL 2026 match between Gujarat Titans and Punjab Kings on May 3, batters are expected to enjoy good conditions while spinners may struggle. Slight dew in the evening could favour the team batting second.

The Asian Development Bank has launched a new facility to boost critical minerals supply chains. This initiative aims to help developing economies in Asia and the Pacific move into higher-value clean energy and advanced technology industries. Japan and the United Kingdom are providing initial grants. Korea Eximbank and Korea Trade Insurance Corporation are contributing to a catalytic finance window.

Hezbollah has suffered significant casualties and territorial losses in its conflict with Israel. Despite facing domestic opposition, the group aims to leverage its alliance with Iran to secure a favorable regional outcome. Lebanon's government is pursuing direct talks with Israel, a move Hezbollah opposes. The situation remains tense with ongoing exchanges of fire.

Delhi Police apprehended three individuals, including a bank assistant manager, for a Rs 45 lakh investment scam. The trio allegedly used a fake trading app to dupe a retired government officer by promising high returns on IPOs. Investigations revealed the money was laundered through mule accounts, with the bank official accused of facilitating the process.

Hezbollah vows to disrupt Lebanon-Israel peace talks, with a lawmaker stating the group will not implement any agreements. Despite a ceasefire, Israel continues strikes in southern Lebanon. The negotiations, aimed at ending decades of conflict and securing Israeli withdrawal, face strong opposition from Hezbollah, which insists on guarantees against future attacks.

A Sydney family was devastated by an alleged triple murder on Saturday, May 3, 2026. Police discovered the bodies of parents Charles Feng and Ruvena Lam, and their youngest son Justin, at their Rosemeadow home. The eldest son, Jacky Feng, has been charged with their murders and the attempted murder of another brother.

A video of a man vandalizing a train seat for a social media reel has gone viral, sparking outrage. The man, identified as Ankit Toppo, was seen tearing cushions and upholstery in a moving Indian train coach, and his friends recorded the act. Netizens are demanding strict action under the Railways Act and a user even tagged his Instagram account.

Chandigarh and parts of Punjab and Haryana experienced rain, strong winds, and dust storms on Sunday, bringing down temperatures. The weather disruptions caused power outages, uprooted trees, and injured an industrialist in Hoshiarpur. Despite initial chaos, skies cleared in the afternoon, offering relief from the heat.

Srinagar is getting a makeover. Roads and walkways are being repaired and painted. The Civil Secretariat will reopen here on Monday. This marks the return of the Darbar Move. This tradition shifts the government between Jammu and Srinagar. It ensures governance benefits for both regions. The practice dates back to 1872. It was stopped and then restored.

India's space sector is advancing with GalaxEye's Mission Drishti launch. This mission features the world's first OptoSAR satellite, integrating electro-optical and radar sensors. The satellite will provide reliable data for defense, agriculture, and disaster management. GalaxEye plans a constellation of ten satellites by 2030, enhancing India's earth observation capabilities.

Wrestler Vinesh Phogat has issued a stern warning to the Indian government regarding her safety at the upcoming National Open Ranking Tournament. She expressed apprehension about potential biased officiating at the Gonda venue, which she believes is influenced by former WFI chief Brij Bhushan Sharan Singh. Phogat seeks a fair competition environment for her comeback event.

Delhi is set to introduce a fully digital and time-bound traffic challan system. Violators will face mandatory timely resolution of fines. Serious offenders with multiple violations risk licence suspension. E-challans will be delivered within three days. Citizens will have 45 days to pay or challenge challans online. Non-compliance will lead to vehicle service restrictions.

Tamil Nadu's ruling DMK has raised concerns about potential disruptions on May 4. The party alleges plans by the BJP to create disturbances at vote counting centres and sensitive areas. The DMK has urged election authorities to implement preventive measures. These actions aim to ensure peace, public order, and the integrity of the counting process across Tamil Nadu.

West Bengal Leader of Opposition Suvendu Adhikari has raised concerns about election protocol breaches. He alleges officers are disclosing their counting day duties to associations. This could lead to undue influence and intimidation. BJP MP Saumitra Khan also flagged similar issues involving officials. Security has been heightened outside strongrooms in Kolkata ahead of the May 4th vote counting.

Punjabi star Diljit Dosanjh shared profound thoughts on faith and detachment during his Calgary concert. He spoke of not fearing death and completing his earthly duties. Dosanjh emphasized love and forgiveness, expressing no animosity towards anyone. His upcoming film, 'Main Vaapas Aaunga', is slated for a June 12 release. Fans are discussing his remarks online.

Formula One is set to embrace V8 engines by 2031, with a potential shift to 2030. FIA president Mohammed Ben Sulayem confirmed the move, aiming for simpler, louder engines. This change follows current V6 hybrid units. The sport seeks less complexity and improved sound. Manufacturers' approval could bring the V8s forward.