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The Economic Times

Economy / The Economic Times

Quote of the day by Tina Fey: 'Don't waste your energy trying to change opinions... Do your thing and don't care if they like it.' Life lessons on human nature, positivity and challenges by popular American writer and actor

Quote of the day by Tina Fey highlights a message about opinions, work, and self-focus. The quote encourages people to stop spending energy on changing others and instead focus on personal goals. The message connects with life lessons on human nature, positivity, and challenges. Tina Feys career journey adds context to the quote. The story explains meaning, relevance, and lessons while sharing details about her career and achievements.

12 May 2026 3:42 am
Quote of the day by modern philosophy's father Ren Descartes: 'It is not enough to have a good mind; the main thing is to use it...' - A life lesson on why intelligence means nothing without proper usage by the French philosopher

This quote of the day by Ren Descartes highlights the idea that intelligence alone is not enough for success in life. What truly matters is how effectively a person applies their thinking through logic, discipline, and clear reasoning. First introduced in his 1637 work Discourse on the Method, the idea reflects Descartes belief that knowledge becomes meaningful only when it is used in a practical and structured way.

12 May 2026 3:25 am
Hims earnings today: Why Hims & Hers Health stock dropped despite raising revenue forecast - here's what investors need to know

Hims stock after Hims & Hers earnings: Hims & Hers Health shares dropped significantly after reporting a surprise first-quarter loss and revenue below expectations. Despite these weak results, the company raised its full-year revenue outlook and projected strong second-quarter revenue, as it navigates regulatory scrutiny around weight-loss drugs.

12 May 2026 2:49 am
Quote of the day by Jane Fonda: 'The challenge is not to be perfectits to be...' Life lessons on human nature, success and perfection by popular Hollywood actor and political activist

Quote of the day by Jane Fonda shares a message about life lessons, success, human nature, and perfection. The statement explains how people can focus on growth and acceptance instead of chasing perfection. The life and career of Jane Fonda show how the quote connects to real events and achievements. The message helps readers understand balance, purpose, and personal development in daily life.

12 May 2026 2:46 am
PVR Inox back in the black in Q4 as blockbuster films drive earnings recovery

In an inspiring financial turnaround, PVR INOX reported a net profit of 186 crore for the March quarter, bouncing back decisively from last year's losses. Their annual performance also dazzled, ending with a robust profit of 333 crore.

12 May 2026 1:29 am
Old stock turns gold for retailers as smartphone prices rise amid memory cost inflation

As memory prices experience inflation, the landscape of India's smartphone market is shifting. Retailers momentarily benefit from increased profits, pushing older models at inflated prices, while distributors are left juggling higher investments in stock and stricter credit terms.

12 May 2026 1:25 am
Nancy Guthrie case update: Ex-FBI profiler reveals new evidence theory in Savannah Guthrie's mother's abduction mystery

A former FBI profiler suggests blood evidence indicates Nancy Guthrie was alive when abducted from her Arizona home. Jim Clemente believes the suspect made significant mistakes, indicating inexperience and stress, which could lead to his capture. The investigation remains active with ongoing DNA and video analysis.

12 May 2026 1:24 am
Temasek, TPG look to admit more investors to Cloudnine

Temasek and TPG Newquest are on the hunt for new financial partners for Cloudnine Hospitals, a premier name in mother and child healthcare. The company has snagged a valuation of $1 billion and aims to secure between $200-300 million in this fundraising round.

12 May 2026 1:21 am
Quote of the day by Ian Fleming: 'Never say 'no' to adventures. Always say 'yes,' otherwise you'll lead a very dull life' ; life lessons from James Bond's creator

Life offers adventures beyond travel. Trying new things and taking risks builds confidence. Ian Fleming, creator of James Bond, urged embracing opportunities. Saying yes to experiences helps people grow and learn. Avoiding challenges leads to a dull existence. Embracing uncertainty makes life exciting and memorable. Live boldly and make the most of your time.

12 May 2026 1:19 am
IHCL shifts focus to overseas expansion as domestic business runs on autopilot

The Indian Hotels Company, affectionately known as IHCL, is setting its sights on global horizons. With its domestic operations thriving, the company is primed for international growth through management contracts and operating leases.

12 May 2026 1:14 am
Bullion industry proposes plan to turn India's idle gold into working capital

India's gold imports are rising, prompting industry bodies to suggest ways to curb them. Proposals include recycling household gold and limiting the use of imported gold to jewellery exports. Jewellers are being asked to participate in gold monetisation programs. These initiatives aim to reduce the country's reliance on imported gold and improve the balance of payments.

12 May 2026 1:00 am
NSE withholds rupees 78 crore payout after police complaint over unauthorised F&O trades

Stock exchanges froze 78 crore in settlement payouts to over 3,000 clients across 160 brokers after a police complaint alleged unauthorised Nifty options trades in a client's demat account on May 5.

12 May 2026 12:57 am
Quote of the day by Rita Rudner: 'I love being married. It's so great to find that one special person you want to annoy for the rest of your life.' Life lessons on marriage, relationships and happiness by American stand-up comedian and actor

Quote of the day by Rita Rudner shares humor about marriage and relationships. The line speaks about finding one person to annoy for life. The quote highlights commitment, daily life, and shared happiness. The story explains Rita Rudners career, early life, and work. It also explores the meaning and lessons from the quote. Readers learn why the quote connects with modern relationships and everyday married life.

12 May 2026 12:56 am
Quiet moves by corporate giant spark buzz in Indias alcobev and drinks industry

In a surprising turn of events, a prominent Indian firm is said to be eyeing the bustling beverage market. With a series of discussions involving global alcohol companies and local beverage artisans, along with the onboarding of top-tier talent, chatter is rife about their potential plans.

12 May 2026 12:53 am
No plan to hike gold import duty despite Modi's appeal to skip buying, says government official

India denies plans to raise gold and silver import duties. Prime Minister Modi urged citizens to avoid gold purchases amid economic pressures. The government official confirmed no duty hikes are planned. Gold and silver imports saw significant increases last fiscal year. Industry experts suggest potential smuggling if duties rise. The jewellery sector is adapting to maintain affordability.

12 May 2026 12:53 am
Over-leveraged borrowers put Rs 15,800 crore microfinance portfolio at risk

Microfinance has become a double-edged sword, with substantial debt levels amassing to about 15,800 crore among borrowers juggling multiple loans. These individuals, often in over their heads, face the harsh reality of being ineligible for new loans. As they struggle with repayment, the risk of defaults looms large over the microfinance landscape.

12 May 2026 12:50 am
PM Modi flags import costs, supply fears amid austerity call

Prime Minister Narendra Modi has called for austerity measures to navigate the West Asian crisis. He urged citizens to minimize private vehicle use, embrace public transport, and carpool. Offices should prioritize virtual meetings, and schools can opt for online classes. Reduced consumption of edible oil and gold is also advised until the situation stabilizes.

12 May 2026 12:46 am
IBDF joins legal battle over streaming of TV channels on Prasar Bharatis WAVES platform

The Indian Broadcasting and Digital Foundation has joined a legal battle concerning Prasar Bharati's WAVES platform. The dispute centers on whether OTT services can stream live TV channels. The All India Digital Cable Federation argues against this, citing distribution rules. Prasar Bharati contends TRAI lacks jurisdiction over OTT content. This revives earlier debates on internet-delivered television services.

12 May 2026 12:45 am
Supreme Court agrees to hear IEX plea against power market coupling order

The Supreme Court will review the Indian Energy Exchange's challenge to a regulatory order. This order mandates market coupling for power trading. The court refused to halt the implementation of this process. The Indian Energy Exchange argues the order is arbitrary and will harm its market share. The Central Electricity Regulatory Commission is now required to respond to the appeal.

12 May 2026 12:45 am
SC refuses to reopen 2021 ruling exempting foreign software payments from royalty tax

The Supreme Court has once again dismissed the income tax department's review petitions concerning the taxation of software payments to non-residents. The court reiterated its March 2021 ruling that such payments are not royalty, as end-user licenses do not transfer copyright. This decision provides significant tax relief for Indian companies acquiring software.

12 May 2026 12:45 am
Henkel to end Pril, Fa licensing deal with Jyothy Labs after 15 years

Jyothy Labs will see its partnership with global firm Henkel conclude after May 31. Licensing agreements for Pril dishwashing and Fa personal care brands will not be renewed. While this may impact near-term revenue and margins, Jyothy Labs' diversified portfolio and strong distribution network are expected to ensure long-term business stability.

12 May 2026 12:43 am
AICC to hold talks with ex-PCC chiefs on Kerala CM

The Congress central leadership is engaged in extensive discussions with Kerala party leaders to decide the next chief minister. This process aims to ensure maximum consensus. Views from former State PCC presidents are being sought. Allies of the UDF are also observing the developments. Rahul Gandhi and Priyanka Gandhi Vadra are involved in these deliberations.

12 May 2026 12:43 am
West Asia war pushes half of Dubai's 2026 property handovers to 2027

The ongoing West Asia conflict is impacting property project completions in the UAE. Developers face delays of six to nine months. Construction costs have risen significantly. Many projects scheduled for 2026 handovers will now be pushed to 2027 or later. This situation affects the UAE's booming real estate sector.

12 May 2026 12:42 am
Bombay High Court restrains WhatsApp ad that showed Asian Paints losing stain test

The Bombay High Court has halted a social media advertisement targeting Asian Paints. The ad allegedly compares Asian Paints' product unfavorably with Berger Paints. The court acted swiftly due to the advertisement's clandestine circulation on platforms like WhatsApp. Asian Paints claims the ad unfairly depicts their product's performance. The case will be heard again on June 22.

12 May 2026 12:37 am
Net interest margin to fall, Bank of Baroda can look to upsize treasury, wealth business

Bank of Baroda anticipates tighter margins this fiscal. Sticky deposit rates and restricted lending rate increases will impact profitability. The bank plans to enhance fee income to offset this. A new primary dealership business will support debt capital market expansion. Efforts are underway to strengthen subsidiaries like BoB Cards and Nainital Bank.

12 May 2026 12:35 am
UPL posts 18% revenue rise on global crop protection recovery

UPL Limited saw an 18% revenue jump last quarter. Global demand for crop protection products recovered. Its seeds business also grew significantly. This helped annual revenue increase by 11%. The company's net profit rose in the fourth quarter. Strong cash flows strengthened its balance sheet. Business conditions are improving.

12 May 2026 12:34 am
AIADMK Rift: Separate entries, separate letters

AIADMK leaders arrived in separate groups for the assembly oath. Two factions presented letters to the pro-tem speaker, each claiming leadership. One group supported Palaniswami, while another backed Velumani. Tensions are high as a rebel faction pushes for support to the TVK government. The party's future direction remains unclear.

12 May 2026 12:33 am
Quote of the Day by Anne Frank: I don't think of all the misery, but of the...'Inspiring quotes by the Jewish victim of the Holocaust whose diary captured the horrors of Nazi persecution

Anne Frank's powerful words offer hope even in dark times. Hiding from Nazis, she focused on the beauty that remained. Her diary, published after her death, shares her experiences and wisdom. This message of resilience continues to inspire millions worldwide, reminding us of the human spirit's strength. Her legacy educates about prejudice and the importance of dignity.

12 May 2026 12:32 am
3 Powerful secrets for longevity: At 103, the Worlds Oldest Doctor shared surprisingly simple rules for healthy aging

Dr. Howard Tucker, a Cleveland neurologist recognized as the worlds oldest doctor, believed longevity comes from staying mentally active, emotionally balanced, and living in moderation. Before his death at 103 in December 2025, Tucker shared lessons from his long career and personal life, emphasizing curiosity and purpose over strict health trends. His philosophy focused on enjoying life responsibly while maintaining meaningful relationships, intellectual activity, and a positive mindset.

12 May 2026 12:31 am
Tamil Nadu Assembly convenes as Vijay-led DMK govt prepares for crucial floor test

Tamil Nadu Chief Minister C Joseph Vijay and several other prominent leaders, including opposition figures, took their oath as members of the 17th legislative assembly. Minister S Keerthana initially missed her oath but later submitted her certificate and was sworn in.

12 May 2026 12:30 am
TCS Nashik case: AIMIM corporator Mateen Patel faces demolition notice after Nida Khan's arrest

Chhatrapati Sambhaji Nagar civic administration plans to demolish AIMIM corporator Mateen Patel's house. This follows allegations of illegal construction. Patel's home was used by a TCS staffer evading arrest. The administration is also initiating proceedings to disqualify Patel. BJP and Shiv Sena allege AIMIM backing in the case. The TCS staffer has been remanded to judicial custody.

12 May 2026 12:30 am
Tamil Nadu CM Vijay meets Stalin, Udhayanidhi ahead of crucial floor test

Tamil Nadu Chief Minister C Joseph Vijay met former Chief Minister MK Stalin and Deputy Chief Minister Udhayanidhi. The meeting occurred at Stalin's residence. This visit comes just days before a significant floor test in the Assembly scheduled for May 13. Vijay also met with PMK chief Ramadoss and MDMK supremo Vaiko.

12 May 2026 12:29 am
Syrma SGS Q4 Results: Net profit surges 67% to 119 crore, driven by strong revenue growth

Syrma SGS Technology Ltd experienced an impressive financial year, reporting a remarkable 87% increase in net profit, reaching Rs 345.8 crore. The company's revenue saw substantial growth as well, with export revenue exceeding Rs 1,200 crore.

12 May 2026 12:26 am
SBI chairman says rapid rise of AI-driven lending brings new vulnerabilities for banks

SBI Chairman CS Setty highlighted the dual nature of digital finance growth, noting both opportunities and vulnerabilities like cyber risks and algorithmic biases. He stressed that trust must be the foundation of India's expanding financial system, emphasizing that innovation should not compromise safety or inclusion.

12 May 2026 12:23 am
High-performing employee Says hard work only led to punishment: 'I am done...'

An employee's admission of exhaustion from being labeled a top performer sparked widespread discussion on Reddit. After years of overachieving and addressing team underperformance, the worker was transferred, feeling punished for commitment. Now on a new team, they seek advice on reducing workload without jeopardizing their position.

12 May 2026 12:16 am
REC arm makes move for carbon market play

REC's consulting arm is set to enter the carbon markets. It will operate as an accredited carbon verification agency. Expressions of interest are invited for agencies to join the Indian carbon market. This market is expected to launch in 2026. Empanelled agencies will conduct validation and verification work. This is for compliance and offset mechanisms under the scheme.

12 May 2026 12:15 am
Indias new FTAs offer investment opportunities, but utilisation remains weak: Commerce Secretary

Commerce Secretary Rajesh Agrawal urged industries to leverage India's newly finalised free trade agreements, noting a historical underutilization of such pacts. While FTAs have boosted trade volumes, exports have lagged behind imports, potentially due to strong domestic demand in India's rapidly growing economy. New agreements with developed nations are expected to attract investment by going beyond tariffs.

12 May 2026 12:12 am
India plans Made in India brand scheme, targets gaps in domestic manufacturing

India is identifying 100 products for enhanced domestic manufacturing, including auto parts, to boost production for global markets. A 'Made in India Brand Scheme' is planned, following a successful pilot in the steel sector, to assure quality and value addition. Companies are urged to invest long-term, leveraging opportunities from new free trade agreements and the impact of AI on manufacturing.

12 May 2026 12:12 am
Rajasthan SOG probes NEET 'guess paper' with 120 matching questions

Rajasthan Police are investigating the NEET exam for alleged malpractice. A guess paper with 410 questions is under scrutiny. Approximately 120 questions from this paper reportedly appeared in the Chemistry section. This document was allegedly circulating for up to a month before the exam. Authorities are working to determine the extent of any criminal activity.

12 May 2026 12:00 am
Scientists just found the holy grail gene that could let humans regrow their own limbs one day

Scientists studying naked mole rats discovered a gene linked to high levels of high molecular weight hyaluronic acid (HMW-HA), a substance associated with cancer resistance, reduced inflammation, and healthy aging. Researchers at the University of Rochester transferred the gene into mice and found that the animals lived healthier lives with a modest lifespan increase.

11 May 2026 11:52 pm
India recasts rules for foreign tax info exchange: New framework from July 1 aims to curb cross-border tax evasion & speed up case closure

India has updated its rules for sharing tax information with other countries. New rules make foreign tax requests high priority, requiring information within 15 days. This aims to speed up cases and stop tax evasion. India will also track its own requests to foreign nations. These changes prepare India for sharing crypto asset data starting April 2027.

11 May 2026 11:51 pm
TMC tells Supreme Court: Voter deletions in SIR exceeded BJP's win margin in 31 WB seats

Trinamool Congress told the Supreme Court that voter deletions impacted West Bengal election results. The party stated winning margins in 31 seats were less than deleted voters. They cited Jangipara constituency where over 5,000 voters were deleted, exceeding the victory margin. The court noted a separate application is needed for election result issues. Appeals are to be decided quickly.

11 May 2026 11:50 pm
Assam: CM-designate Himanta Biswa Sarma to take oath with four ministers on Tuesday

Himanta Biswa Sarma will take oath as Assam Chief Minister on Tuesday. Four ministers will be sworn in with him. Prime Minister Narendra Modi will attend the ceremony. Top NDA leaders and Chief Ministers from 22 states are also expected. Ranjit Das will be the candidate for Speaker of the Assam Legislative Assembly.

11 May 2026 11:50 pm
Dhurandhar star Akshaye Khanna once called out producer, crew for mistreating an actor: He gave a speech about what hunger.

Akshaye Khanna, known for his reserved demeanor, once passionately defended a junior artiste who was publicly humiliated during a lunch break. He confronted producers, emphasizing the dignity of all crew members and the importance of goodwill in filmmaking. This rare emotional outburst revealed his compassionate side.

11 May 2026 11:47 pm
Employee gets terminated for refusing to lower his salary. Later teaches the boss a lesson about office pressure tactics

A Reddit post by an IT developer from Milan has gone viral after he claimed he was fired shortly after refusing to accept a salary reduction despite having a signed contract. The employee said tensions at work increased after he rejected the pay cut request, followed by closer monitoring and criticism of his performance. He was later terminated for bad performance, which he believes was linked to the earlier dispute.

11 May 2026 11:46 pm