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The Economic Times

Economy / The Economic Times

Centre proposes easier norms for faster drug rollout

India's government plans to streamline drug approval processes for domestic use. Applicants can now start studies after intimating the drug regulator. Import license processing timelines for new drugs will be halved to forty-five days. This move aims to improve the ease of doing business in the sector. However, certain high-risk drug categories will retain existing stringent requirements.

15 Sep 2026 1:15 am
DBT transfers reach Rs 2.08 lakh crore

Direct benefit transfers have reached 2.08 lakh crore this fiscal year. Fertiliser subsidy led with 62,984 crore, and Public Distribution System followed. Mahatma Gandhi National Rural Employment Guarantee Scheme received 15,241 crore in transfers. Pradhan Mantri Awas Yojana-Gramin and PAHAL schemes also saw significant fund allocations. Haryana topped the state rankings for direct benefit transfers.

15 Sep 2026 1:10 am
Drake invested in esports company 100 Thieves in 2018 when it was valued at about $90 million; 3 years later, its valuation surged to $460 million

Canadian rapper Drake became a co-owner of 100 Thieves in 2018. The company's valuation grew significantly from ninety million dollars to four hundred sixty million dollars. This substantial increase occurred over a period of approximately three years. Drake joined as a strategic advisor and co-led a funding round.

15 Sep 2026 1:03 am
In 1995, Discovery Channel founder John Hendricks bought a Colorado ranch; decades later, his 7,000-acre estate included a 22,000-sq-ft home and 4,000 acres of protected land

John Hendricks, Discovery Channel founder, is selling his expansive Colorado ranch and resort. This nearly 7,000-acre property is listed for an impressive $149 million. The combined estate now includes a luxury resort and a vintage car collection. Hendricks is seeking $279 million for the entire Colorado real estate holdings. He plans to travel more and focus on other business ventures.

15 Sep 2026 1:00 am
Natural gas imports rise despite price surge

India's natural gas imports are increasing despite higher prices this fiscal year. Demand is boosted by subsidized fertilizer and growing CNG vehicle sales. Limited alternative fuel supply and falling domestic production also contribute to this trend. Recent surges in spot LNG prices may impact future demand and consumer choices. The fertilizer sector remains the largest driver of these growing import volumes.

15 Sep 2026 12:57 am
China urges more FX hedging to aid exports

China's foreign exchange regulator is urging banks to implement currency hedging options for exporters. This strategy intends to protect businesses from the persistent rise of the yuan against the dollar, which recently achieved a multi-year high following stronger daily guidance from the central bank. Authorities are wary of potential foreign exchange losses impacting exporters, a vital sector of the economy.

15 Sep 2026 12:57 am
Quote of the day by Zig Ziglar: What you get by achieving your goals is not as important as... Timeless life lessons from a motivational quote on ambition, self-doubt, perseverance, failure, personal growth, purpose and becoming your best

Quote of the day by Zig Ziglar offers a simple way to look at success and personal growth. Reaching a goal can bring rewards, but the journey can shape who we become. His message connects with work, relationships, ambition and everyday choices. It encourages readers to value discipline, experience and personal development, not just the final achievement or recognition.

15 Sep 2026 12:55 am
In 1984, Lincoln's handwritten final public address emerged from a secret compartment in an antique table; the forgotten manuscript later sold for $231,000

A remarkable manuscript discovery at New York Citys Morris-Jumel Mansion brought an overlooked piece of Revolutionary-era history back into focus. In 2013, archives intern Emilie Gruchow was cataloguing old manuscripts in the mansions hot attic when she found fragments of a document misfiled among the papers of 18th-century doctor Nicholas Roche. She recognised the text as a draft of The Twelve United Colonies, by their Delegates in Congress, to the Inhabitants of Great Britain. Experts authenti

15 Sep 2026 12:54 am
China is now ready to address trade concerns with India

China expressed readiness to address India's trade concerns collaboratively. A recent meeting between ministers discussed bilateral economic and trade ties. Leaders previously agreed to view each other as partners for development. China aims to expand mutually beneficial cooperation and address concerns. This aims to better benefit enterprises and people of both nations.

15 Sep 2026 12:51 am
For Bengali palates, it's about fish fulfillment

Kolkata-based importers are intensifying pressure on Bangladesh to relax its hilsa export ban, especially ahead of Durga Puja. Despite permissions, tight deadlines and late approvals have consistently hindered the full export of the prized fish, leading to significant shortfalls.

15 Sep 2026 12:46 am
Central database may be used for financial oversight, risk monitoring

India's government plans to expand Cersai's database for better financial risk monitoring. This initiative aligns with the phased rollout of the Central KYC Records Registry, CKYCRR 2.0. The expanded Cersai database will offer customer insights and aid in fraud prevention efforts. Financial institutions will use these insights to develop more targeted products for customers. These improvements aim to strengthen oversight and streamline KYC processes across the sector.

15 Sep 2026 12:45 am
SBI Research, IDFC First expect rate hike in October as crude prices climb: Higher oil prices & inflation raise likelihood of policy tightening

Economists are gearing up for a potential rate hike from the central bank as soon as October, driven by escalating crude oil prices and ongoing food inflation concerns. The CEO of Axis Bank has raised alarms about the increasing risks of inflation. This shift in monetary policy timing comes as the Monetary Policy Committee prepares to evaluate interest rates in early October, reversing earlier predictions of stability.

15 Sep 2026 12:23 am
First-time borrowers deepen credit reach: Credit uptake among eligible Indians more than doubled to 74% in March from 35% in 2017

Consumer durable loans are leading new-to-credit customers into institutional borrowing. Gold loans and microfinance also significantly contribute to this growing credit access. Institutional credit penetration is expanding beyond major cities into smaller locations. India's retail credit portfolio has seen substantial year-on-year expansion. This trend indicates increasing financial inclusion for many Indian citizens.

15 Sep 2026 12:12 am
Job search tip: Stop selecting Immediately as your joining date. Employee says this psychological trick brought 7 recruiter calls

A Reddit user claims that changing his joining availability from Immediately to a two- or three-week notice period dramatically improved his job search results. After around 70 applications with immediate availability produced almost no responses, he says the change led to seven recruiter screening calls in two weeks. Other users shared similar experiences, while some suggested the outcome could depend on hiring practices, recruiters or how job application systems handle availability.

14 Sep 2026 11:59 pm
New Delhi summit boosts India-EAEU FTA negotiations

India and the Eurasian Economic Union are advancing free trade agreement talks. Negotiations picked up momentum last week and will continue in November. This agreement aims to expand market access for Indian exporters significantly. It will also support diversification into new sectors and geographies. The pact is expected to unlock untapped trade potential and boost investments.

14 Sep 2026 11:43 pm
39-Year-old worked 90 hours a week but could barely pay the bills. Now he makes 50,000 collecting from dumpster

Amir Jardan has turned his dumpster diving venture into a thriving full-time income, raking in about fifty thousand pounds each year from salvaged treasures. Together with his wife, they share their adventures on a well-received YouTube channel. This unique lifestyle not only alters their family's shopping habits but also empowers them to generously donate valuable items to local charities.

14 Sep 2026 11:08 pm
Satcom to play key complementary role in reaching remote areas: TRAI Chairman

India is set to enhance connectivity in its challenging and remote areas through satellite communications. The Telecom Regulatory Authority of India (TRAI) has advised the government on allocating spectrum for broadband services. Companies like Starlink and OneWeb are waiting for essential approvals. TRAI has proposed a spectrum charge of four percent of annual revenues while advocating for subsidies on user terminals to encourage rural adoption.

14 Sep 2026 10:50 pm
Nitin Gadkari has a new plan for Mumbai traffic: After getting stuck for an hour, minister proposes a tech-driven solution to the citys congestion problem

Union Minister Nitin Gadkari recently faced frustrating traffic delays in Mumbai, prompting him to reflect on the 55 flyovers and the Bandra-Worli Sea Link he constructed years ago. With today's traffic vastly increased, he highlighted the urgent need for modern solutions, proposing the development of multi-level structures to maximize roadway efficiency within the constrained urban landscape.

14 Sep 2026 10:44 pm
In 1971, a Maine fisherman rescued a baby seal and spoke to him every day. 7 years later, that seal began talking back in his own voice

A Maine fisherman rescued an orphaned harbor seal pup in 1971 and bottle-fed him while speaking to him every day. Years later, the seal, named Hoover, surprised researchers at the New England Aquarium by producing remarkably human-like sounds, even appearing to mimic his rescuers distinctive Maine accent. Scientists believe the seals unusual vocal ability may have been linked to early exposure to human speech and sexual maturity.

14 Sep 2026 10:26 pm
CBI registers FIR in Disha Salian death case; names Aaditya Thackeray, Rhea Chakraborty & others following High Court order

The CBI has registered an FIR concerning Disha Salian's death after a High Court order. The investigation will examine numerous individuals, including political figures and actors. The FIR details alleged criminal conspiracy and evidence suppression in the case. Salian's father had previously named specific individuals he wished investigated.

14 Sep 2026 10:08 pm
Nitin Gadkari says by 2027 all national highway toll plazas will go barrier-free: How new tolling system could boost govt revenue by up to Rs 25,000 crore a year

By March 2027, national highways are expected to become barrier-free with the wider implementation of FASTag and automatic number plate recognition (ANPR) technology. The system is projected to deliver annual benefits of Rs 20,000-25,000 crore to the government. Increased FASTag adoption has already boosted toll collections by around Rs 7,000 crore, while motorists are expected to benefit from shorter waiting times and lower fuel consumption.

14 Sep 2026 10:06 pm
Air India receives show-cause notice on immigration process lapses

The civil aviation ministry issued a show cause notice to Air India. Three Italian passengers bypassed immigration at Delhi airport earlier this month. Home ministry officials will discuss this incident on Tuesday. Air India's 'Hub-and-Spoke' model was not applicable in this case. Passengers were issued boarding passes but did not complete immigration.

14 Sep 2026 10:04 pm
In 2008, Tom Brady and Gisele Bndchen bought 4 acres in LA's Brentwood and built with solar, composting and gray water. 4 years later, 90% of its materials were reclaimed

Tom Brady and Gisele Bndchen's Brentwood mansion was designed with ecological consciousness. The French Provincial chateau utilized recycled components and sustainable energy systems. This expansive home featured reclaimed materials and a gray-water irrigation system. Architect Richard Landry designed the property, while Joan Behnke handled interiors. Recording artist Dr. Dre later purchased this impressive estate for a significant sum.

14 Sep 2026 10:02 pm
Since 2025, Belgium installed 23 concrete blocks weighing 22,000 tonnes each in the North Sea; together, they now form the walls of a new artificial energy island

Belgium is turning a huge offshore construction project into reality. Since 2025, workers have installed 23 massive concrete blocks in the North Sea. Each block weighs about 22,000 tonnes, making the scale of the project hard to grasp. Together, the blocks form the protective walls of a new artificial energy island. The island is designed to become a key link in Belgiums growing offshore renewable-energy network, helping connect future wind power to the electricity grid on land.

14 Sep 2026 10:01 pm
Kitchen sink looks dirty and dull? Try this easy toothpaste DIY cleaning hack to remove dirt and restore shine

Using toothpaste as a cleaning agent is a quick and effective way to shine kitchen sinks. This method targets light dirt and helps revive dull surfaces. An old toothbrush is great for gently scrubbing away stubborn grime, followed by a thorough rinse and drying for sparkling results. Its a handy tip for effortless sink upkeep.

14 Sep 2026 9:58 pm
Oracle layoffs: US employees lose system access before a '6 a.m. email' reveals their jobs were eliminated; India could be next

On September 14, Oracle commenced yet another wave of considerable layoffs, revealing a stringent approach to workforce management. Notification of job terminations was delayed as affected employees faced abrupt access restrictions. The layoffs spanned various divisions within Oracle's global framework. Concurrently, the company is boosting its investments in AI and infrastructure, following previous workforce reductions earlier in the year.

14 Sep 2026 9:58 pm
Florida dumped 500,000 tonnes of used oyster shells into the sea. It has now developed new reefs, cleaner water and is recovering the coastal environment

Over the past 16 years, Florida has successfully returned over 500,000 tons of shells to the Gulf, providing vital surfaces for young oysters to settle and mature. These oyster reefs create important nursery grounds for marine life, while also significantly minimising wave energy, thus enhancing coastal protection. This initiative not only encourages new oyster populations but also supports the overall health of coastal environments.

14 Sep 2026 9:47 pm
Banks cannot impose charges on UPI payments of up to Rs 2,000, govt says

Banks will not impose charges on UPI payments up to two thousand rupees. Debit card payments made using RuPay cards will also be free of charges. The Central Government announced this new regulation on Monday. This directive applies to all banks and system providers. The government has specified these electronic payment modes under a new act.

14 Sep 2026 9:38 pm
BHEL Board okays Rs 65 crore investment in joint venture NTPC BHEL Power Projects

Bharat Heavy Electricals Limited has approved an equity investment of sixty-five crore rupees. This investment will be made in its joint venture with NTPC Limited. The joint venture company is named NTPC BHEL Power Projects Private Limited. This entity focuses on power plant contracts and equipment manufacturing.

14 Sep 2026 9:27 pm
Piyush Goyal meets Chinese commerce minister; discusses trade ties

India's Commerce Minister Piyush Goyal held talks with Wang Wentao, his Chinese counterpart, to explore avenues for enhancing trade and economic relations between their countries. The last fiscal year marked a notable increase in bilateral trade, with India's exports to China witnessing significant growth, even as imports rose, causing an expansion in the trade deficit that raised concerns.

14 Sep 2026 9:23 pm
In 1994, Tom Cruise built a 10,000-sq-ft home on his Colorado ranch; 27 years later, the 320-acre retreat sold for $39.5 million

In 1994, Tom Cruise built a sprawling 10,000-square-foot home on his Colorado ranch. The property offered privacy, mountain views and plenty of space to escape Hollywood. For years, the 320-acre retreat remained a quiet part of his life away from the spotlight. Then, 27 years after he built it, the ranch found a buyer. The property sold for $39.5 million, turning Cruises private mountain getaway into a major real-estate deal.

14 Sep 2026 9:00 pm
Quote of the day by Franklin D. Roosevelt: 'It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something.' Life lessons from motivational quote on analysis, failure, continuous adaptation, perfection and action

Quote of the day by Franklin D. Roosevelt explains why action, failure, learning and adaptation matter in life. The saying came from Roosevelts 1932 Address at Oglethorpe University during the Great Depression. He spoke about trying methods, accepting failure and changing direction when needed. The quote remains linked with analysis, action, experimentation, continuous adaptation, practical thinking and the need to avoid paralysis caused by fear.

14 Sep 2026 8:56 pm
Marie Curie's inspiring quote about science: 'My experiments proved that the radiation of...' explains why patience, precision, evidence and experiment can lead to major discoveries

Marie Curie quote today: Marie Curie's words highlight scientific discovery through patient observation and testing. Her experiments proved uranium radiation is an atomic property, measurable with precision. This emphasizes the value of evidence and careful measurement in scientific understanding.

14 Sep 2026 8:53 pm
A year after his killing, vandals target Charlie Kirk's memorial outside Turning Point's Phoenix HQ

A newly installed memorial statue of Charlie Kirk was defaced with red spray paint. The vandalism occurred overnight in Phoenix, marking one year since his killing. Phoenix police are investigating the incident and seeking information from the public. The eight-foot bronze statue was targeted with paint on its face and neck. Turning Point Action plans to restore the memorial statue.

14 Sep 2026 8:52 pm
Vishwambhara OTT update: Where will the Chiranjeevi starrer Telugu fantasy adventure stream online after theatrical release

Chiranjeevis long-delayed Vishwambhara is showing signs of finally moving ahead after months of uncertainty over its release. A major development surrounding the films non-theatrical plans has reportedly cleared an important hurdle, with the makers now expected to work towards announcing a fresh theatrical date. Heres what is known about the films latest update, possible release window, cast and what fans can expect next.

14 Sep 2026 8:45 pm
Quote of the Day by George Michael: The truth is my love life has been a Timeless life lessons from an inspiring quote on relationships, heartbreak, healing and why Its okay not to have everything figured out

Quote of the Day by George Michael: George Michaels quote, The truth is my love life has been a lot more turbulent than I have let on, explores the complexity of love, emotional struggles, privacy, and the difference between a persons public image and private experiences. The quote suggests that relationships can involve challenges, uncertainty, heartbreak, and emotional difficulties that are not always visible to others. It highlights the importance of honesty, empathy, and understanding when r

14 Sep 2026 8:45 pm
Russia, Ukraine agree to not hit energy targets, says Trump

Ukraine and Russia have agreed not to strike each other's energy targets. US President Donald Trump announced this agreement on Monday. He stated the Russia-Ukraine war is the primary cause of rising diesel prices. This comes after recent drone attacks hit energy sites on both sides. Both nations continue long-range strikes on critical infrastructure.

14 Sep 2026 8:43 pm
India, China discuss deepening energy cooperation as Chinese oil executive meets Hardeep Puri

Chinese and Indian officials met to discuss deepening energy cooperation. CNPC Chairman Dai Houliang met with Minister Hardeep Singh Puri in New Delhi. Both nations are the world's top two crude oil importers. They aim to strengthen collaboration in oil, gas, and new energy sectors. This meeting follows recent high-level discussions between leaders of both countries.

14 Sep 2026 8:35 pm
Making a dollar detour: Why BRICS isnt breaking up with the dollar

The latest BRICS declaration emphasizes interoperable payment systems and local currency settlement. It explicitly avoids proposing a common BRICS currency or linking central bank digital currencies. This approach acknowledges the impracticality of a unified currency due to diverse economic conditions. BRICS countries aim to reduce dollar dependence through enhanced payment choices and national currency use. The focus remains on practical cooperation rather than a monetary union.

14 Sep 2026 8:34 pm
Have empty wine bottles at home? Try these 5 easy DIY ideas to turn old bottles into beautiful home decor

Transforming empty wine bottles into functional and decorative items can add charm to any home. These bottles can easily become elegant flower vases, stylish DIY lamps, or unique planters. Additionally, they can be used safely as candle holders, creating a cozy ambiance. With a touch of creativity, these repurposed bottles make for stunning table centrepieces, ensuring to focus on safety as you craft.

14 Sep 2026 8:33 pm
A 45-year-old mung bean discovery exposes a hidden threat to the worlds doomsday seed banks frozen crops may not survive as long as scientists once believed

New research suggests some tropical crops lose viability much sooner than older estimates predicted. Mung beans showed strong germination after forty-five years in storage. Pigeon peas and adzuki beans demonstrated weaker long-term survival rates in tests. This discovery highlights the need for more frequent seed testing and regeneration. Global seed banks require active management to ensure future food security.

14 Sep 2026 8:32 pm
India's water initiatives highlighted at UN rights council side event

At a UN Human Rights Council gathering, India highlighted its efforts to address water scarcity through initiatives such as the Jal Jeevan Mission and Namami Gange. Discussions focused on the links between water scarcity, human rights and sustainable development. Experts stressed the importance of transparency and data sharing, while calling for greater cooperation on shared water resources to protect human dignity and support livelihoods that depend on these vital resources.

14 Sep 2026 8:32 pm
CM Vijay's UK visit brings Rs 12,300 crore investment commitments; 9,400 jobs to Tamil Nadu

Tamil Nadu's Chief Minister C Joseph Vijay secured significant investments during his UK visit. Multiple MoUs totaling approximately Rs 12,300 crore were signed in London. These agreements are expected to generate over 9,400 high-value jobs across the state. Samvardhana Motherson International committed Rs 11,000 crore for advanced manufacturing facilities.

14 Sep 2026 8:30 pm
Meet Jeongwoo Son, the 9-year-old Korean piano whizz-kid who began playing at 6 and collected first prizes in competitions including Chopin, Liszt and Beethoven contests

Jeongwoo Son began piano studies at six and quickly became a recognized prodigy. He achieved numerous international competition first prizes and awards by age nine. Son also made his orchestral debut at eight and performed internationally. Master classes further shaped his musical interpretation and artistic development. His extensive achievements mark him as a promising young classical pianist.

14 Sep 2026 8:28 pm
NCLT rejects Jet Airways' liquidator plea seeking Rs 500 crore from Boeing

The National Company Law Tribunal dismissed Jet Airways' plea for a refund from Boeing. The tribunal cited a contractual dispute over advance payments requiring a full trial. Boeing had suspended agreements and adjusted advance payments against its admitted claim. Jet Airways entered liquidation after failing to secure a revival plan. The court ruled the matter falls outside the tribunal's insolvency jurisdiction.

14 Sep 2026 8:19 pm
IRS officials may visit taxpayers in Los Angeles, Miami, Dallas, New York and Chicago: Why it happens, what to expect and how to avoid scams

IRS Revenue Officers might conduct in-person visits to taxpayers who have unresolved tax debts or unfiled returns. Such visits are rare and generally occur after multiple unanswered notices. These officers aim to assist taxpayers in resolving their debts and clarifying their rights. No specific cities are targetedofficers are designated to specific geographic areas. Moreover, taxpayers in smaller towns may also face IRS collection activities as necessary.

14 Sep 2026 8:18 pm
Quote of the day by Heidi Klum, 'You never know why something works or doesn't' offers powerful life lesson on uncertainty, resilience, growth, success, failure

Quote of the day by Heidi Klum is a reminder to stay resilient, curious and humble. Life rarely provides complete explanations before we make decisions, and sometimes even hindsight cannot reveal every reason behind an outcome. What matters is learning to move forward despite that uncertainty. Celebrate success without assuming it will always be easy to repeat, and face failure without believing it permanently defines your future.

14 Sep 2026 8:17 pm
A small aluminium tray and television rapidly changed what Americans ate after World War II. This recipe became the most popular of them all

American meals in the 1950s featured meatloaf and fried chicken alongside new convenience foods. Casseroles and canned vegetables simplified meal preparation for busy families. Frozen TV dinners offered quick, oven-ready meals for the first time. Television ownership grew rapidly, influencing dining habits and meal consumption. This decade marked a significant shift towards faster, easier meal preparation and consumption.

14 Sep 2026 8:14 pm
India, Brazil-led bloc ink pact for electronic origin certificates

India and the Mercosur bloc have signed an agreement for electronic Certificates of Origin. This move facilitates paperless trade and modernizes customs procedures between the two sides. Electronic certificates will hold the same legal validity as paper documents. The protocol aims to reduce transaction costs and processing times significantly. It will come into force after internal procedures are completed by all parties.

14 Sep 2026 7:49 pm