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The Economic Times

Economy / The Economic Times

HDFC AMC reports cyber-security incident, activates containment protocols

HDFC AMC has reported a cyber-security incident. An anonymous source claimed access to its IT systems. The company is assessing the impact. Business continuity is not expected to be affected. This incident highlights rising cyber risks for Indian businesses. Digital fraud cases have significantly increased. Financial institutions face growing vulnerabilities.

18 May 2026 9:09 am
Single mother sacrificed her life and income for son Sajan Prakashs swimming career inspires actor Madhavan. Who is V.J. Shantymol?

Actor R. Madhavan shared an emotional video of Olympian swimmer Sajan Prakash and his mother, V.J. Shantymol. The video shows how she made immense sacrifices as a single parent, supporting her son's swimming dreams. Shantymol's dedication ensured Sajan's success, making him a double Olympian and national record holder. Madhavan, a proud father himself, resonated with their inspiring story of resilience and parental devotion. Read on!

18 May 2026 9:02 am
Bain Capital raises $10.5 billion for Asia Fund VI

Bain Capital has raised $10.5 billion for its sixth Asia-focused private equity fund, including $9.1 billion from external investors, exceeding its original $7 billion target. Bain Capital partners, employees and related entities contributed the remaining capital and became the funds largest investor group.

18 May 2026 8:43 am
'One defeat does not determine your life': From Virat Kohli to Novak Djokovic, Ankur Warikoo shares 5 powerful mindset lessons about success

Ankur Warikoo shares mindset lessons from athletes like Virat Kohli and Novak Djokovic. He emphasises discipline over motivation and confidence built through overcoming challenges. Neeraj Chopra's story highlights mastering basics. Abhinav Bindra shows resilience after failure. Usain Bolt's success came from years of preparation. These lessons resonate beyond sports, showing success is an accumulation of consistent, unseen effort.

18 May 2026 8:43 am
China's economy slows in April as output, retail sales disappoint in blow to outlook

Chinas industrial output growth slowed to 4.1% in April from 5.7% in March, missing market expectations of a 5.9% rise, official data showed on Monday.

18 May 2026 8:36 am
Petrol, Diesel prices hiked again as brent crude rises above $110 barrel? Check fuel rates in Delhi, Mumbai, Chennai and other cities today

Petrol, Diesel prices today: Petrol and diesel prices remained steady on Monday after a recent Rs 3 per litre hike, with further increases anticipated due to rising global oil prices. This surge, driven by Middle East conflict and US-Iran tensions, is pressuring India's foreign exchange reserves as the nation imports most of its crude oil.

18 May 2026 8:29 am
Chilis, Olive Garden operator in India to double restaurant count, adding more plates to the menu

Gourmet Investments Hospitality Group is set to significantly expand its presence in India. The company plans to double its restaurant count to between 100 and 125 outlets within the next three years. This expansion includes the launch of the popular Italian chain Olive Garden in the country.

18 May 2026 8:21 am
Ebola outbreak sparks concern in India: Should you be worried? Here's what you need to know about signs, symptoms and prevention

Ebola in India: The WHO has declared the Ebola outbreak in Congo and Uganda a public health emergency with over 300 cases and 88 deaths. Indian health experts assure no need for panic, emphasizing Ebola's direct contact spread, unlike COVID-19, while stressing vigilance and early detection. There are two vaccines for Ebola.

18 May 2026 8:02 am
China has agreed to address US concerns over rare earth shortages, says White House

China has agreed to address U.S. concerns over shortages of specialty rare earth minerals and critical materials caused by Beijings export controls, according to a White House factsheet released after last weeks U.S.-China summit.

18 May 2026 7:47 am
Ladakh LG raises daily wagers pay to up to Rs 575 per day; Apex Body demands regularisation of services

Ladakh's daily wage earners will see a substantial pay increase. Skilled workers will now earn Rs 575 daily, and unskilled workers Rs 450 daily. This decision comes ahead of crucial meetings with the Ministry of Home Affairs. The administration aims to provide dignified wages, aligning with the Minimum Wages Act.

18 May 2026 7:41 am
Military jets' crew members safely ejected after Idaho air show collision, US Navy says

Four crew members safely ejected after two U.S. Navy E/A-18G Growler jets collided mid-air during an aerial demonstration at the Gunfighter Skies Air Show near Idahos Mountain Home Air Force Base on Sunday.

18 May 2026 7:40 am
Earthquake hits southwest China; thousands evacuate, buildings collapse

A 5.2-magnitude earthquake struck Chinas Guangxi region early Monday, killing two people and forcing more than 7,000 residents in Liuzhou city to evacuate.

18 May 2026 7:35 am
Karnataka, Bengaluru weather update: IMD sounds yellow alert for Bangalore, warns of rainfall and thunderstorms in state. Check details

Karnataka, Bengaluru weather today: Bengaluru is set to experience thunderstorms and rainfall on Monday, May 18, with temperatures ranging from 23C to 33C. The India Meteorological Department has issued a yellow alert for Bengaluru and most of interior Karnataka for the next three days, with an orange alert for parts of south interior Karnataka for the next 24 hours.

18 May 2026 7:26 am
Rs 42,000 salary, Rs 3 lakh debt, 634 credit score: CA explains how a teacher built Rs 11 lakh wealth in just 4 years

A teacher's Rs 3 lakh debt and zero savings transformed into an Rs 11 lakh corpus in four years. Aggressive loan repayment cleared her debt in 14 months. She then started SIPs, growing her investments despite market dips. Her monthly SIP is now Rs 21,000 and her credit score is 771. This strategy built significant wealth.

18 May 2026 7:22 am
West Bengal govt raises upper age limit for government jobs

The West Bengal government has raised the upper age limit for recruitment to state government jobs across categories through amendments to the West Bengal Services (Raising of Age-limit) Rules, 1981.

18 May 2026 7:16 am
'Man is not the one who is wrong all the time': Priyanka Chopra's cousin backs Tamil actor Ravi Mohan amid ugly divorce battle with Aarti Ravi

Actor Ravi Mohan publicly broke his silence on his divorce from Aarti Ravi, making emotional allegations of emotional suffering and being prevented from seeing his sons. Actress Meerra Chopra and veteran Ambika have voiced support for Ravi, while Aarti Ravi has issued a strong statement defending her role as a mother. Read on!

18 May 2026 7:05 am
China committed to US on not providing material support to Iran: US trade representative

US Trade Representative Jamieson Greer said President Donald Trump secured a commitment from China not to provide material support to Iran during talks with Chinese President Xi Jinping.

18 May 2026 6:55 am
'Dangerous escalation': India expresses deep concern after Iranian strikes target Barakah nuclear facility in UAE

Indias Ministry of External Affairs condemned the drone attack on the Barakah nuclear power plant in the UAE, calling it a dangerous escalation and urging restraint and diplomacy amid rising Gulf tensions.

18 May 2026 6:54 am
Panchayat Season 5 OTT release date details: When and where to watch Jitendra Kumar, Neena Gupta's hit series online

Panchayat Season 5 is officially confirmed for a 2026 release, continuing Abhishek Tripathi's journey in Phulera. The upcoming season will address lingering questions from Season 4, including village elections and Abhishek's relationship with Rinki, promising new political tensions and emotional twists. Read on to know more about it.

18 May 2026 6:45 am
With largest US commuter rail system shut down, federal labor officials urge unions to resume talks

Federal officials urged unions representing workers at the Long Island Rail Road to resume negotiations after a strike entered its second day, disrupting travel for hundreds of thousands of commuters in New York.

18 May 2026 6:37 am
PM Modi pitches bold investment vision to Europe's top CEOs at historic ERT roundtable in Gothenburg

Prime Minister Narendra Modi urged top European companies to increase investments in India during a high-level meeting with the European Round Table for Industry in Gothenburg, Sweden. The event was co-hosted by Swedish Prime Minister Ulf Kristersson and European Commission President Ursula von der Leyen.

18 May 2026 6:33 am
Yield curves decoded: How they help investors

Yield curves are usually of three typesnormal, flat and inverted depending on the varying slopes of the curves. A yield curve can be used as a predictor for future interest rate movements of debt instruments, and can subsequently help in taking investing decisions based on their existing investments.

18 May 2026 6:30 am
First fuel price hike in 4 yrs: More increases ahead?

India is the worlds third-largest oil importer, heavily dependent on global markets and energy flowing out of the Persian Gulf. In a crisis, the government typically prioritises the protection of its 1.4 billion, price-sensitive consumers and containing inflation, but last Fridays increase suggests it is beginning to restore a balance as fiscal and market pressures grow.

18 May 2026 6:30 am
Japan, Brazil in top global equity markets in 2026

Welcome to TrendMap, your visual guide to investment performance. This edition tracks 10 years of global equity returns. Currency fluctuations impact the returns on foreign investments. To capture the real value from an Indian investors standpoint, these returns are adjusted to reflect their equivalent in Indian rupees. Key takeaway: diversification helps navigate market cycles.

18 May 2026 6:30 am
Your monthly spend also decides your retirement

Expense-tracking apps, spreadsheets, Artificial Intelligence (AI) -generated analysis, and budgeting dashboards are not merely bookkeeping tools. They reveal recurring patterns, unconscious leakages, and hidden habits that quietly shape long-term wealth outcomes. Before you can plan where your money goes, you have to see where it is already going.

18 May 2026 6:30 am
Cheap stocks can still be value traps

Different sectors use different valuation metrics because business models vary. Investors therefore need to understand not just valuation multiples, but the logic behind them. P/E multiple, PEG ratio, P/S ratio, price-to-book value, EV/Ebitda are some commonly used relative valuation metrics.

18 May 2026 6:30 am
Smart beta funds: Too much passive noise?

While there is a growing tribe of passionate passive-only believers (a perfectly legitimate approach), its best to take a middle path and build a portfolio that has allocation to both passive and active components.

18 May 2026 6:30 am
MF-PMS: Are higher advisory fees worth it?

PMS-style mutual fund advisory can fetch you a curated selection of funds with allocation and execution embedded. This convenience faces a test of capabilities and the burden of costs.

18 May 2026 6:30 am
EGRs vs ETFs: Which gold format works best?

An EGR is a digital certificate backed by actual physical gold stored in a Securities and Exchange Board of India (Sebi)-regulated vault. The receipt is held in your demat account, like a share or ETF. You can buy EGRs in denominations of either 0.1 gram (i.e. 100 mg), 1 g, 10 g, 100 g and 1 kg.

18 May 2026 6:30 am
Benami trap: Family deals under scanner

Where family arrangements are involved, they must comply with legal conditions, including joint ownership where required. Informal arrangements, especially involving unrelated persons, carry significant risk. The consequences are serious. It is no longer just about losing a legal claim. It can mean complete confiscation of the asset.

18 May 2026 6:30 am
Metro to small town: Pros, cons and costs

Many are trading metro life for tier 2 cities, seeking better quality of life, cleaner environments, and reduced stress. While income may fall, lower expenses and proximity to family are significant draws. However, career growth, job opportunities, and infrastructure quality remain crucial considerations for this evolving relocation trend.

18 May 2026 6:30 am
Samsung Electronics and its South Korean union resume pay talks as strike risks loom

Samsung Electronics and its South Korean labour union will resume government-mediated pay talks on Monday in an effort to avoid a strike planned for Thursday. The talks come after an earlier round of negotiations over wages and bonuses collapsed at the worlds largest memory chipmaker.

18 May 2026 6:29 am
India plans Rs 35,000 crore highway asset monetisation in FY27

The National Highways Authority of India (NHAI) has prepared a list of the highway stretches for monetisation with Haryana accounting for the highest number of assets followed by Uttar Pradesh.

18 May 2026 6:00 am
Quote of the day by Eric Hoffer: 'People who bite the hand that feeds them usually lick the boot that kicks them...' - Why humans sometimes reject help but accept control easily explained by the American philosopher

Eric Hoffer, a self-taught American thinker known for observing everyday human behavior, highlighted a striking contradiction in how people respond to support and authority through his famous line. The quote of the day reflects how individuals may sometimes reject or resist those who offer help or care, yet still submit to harsher or more oppressive forces. Hoffer uses this observation to show that human behavior is often inconsistent, shaped by emotion, fear, and dependence rather than logic al

18 May 2026 2:32 am
Deloitte India aims to become country's biggest professional services firm by 2028

Deloitte India is on track to claim the title of the nation's premier professional services provider by 2028, fueled by an expansion strategy that includes doubling its workforce to 100,000 and aiming for $5 billion in revenue. Through Project Bharat, the firm is not only targeting larger corporations but also reaching out to small businesses and innovative startups.

18 May 2026 1:14 am
ET Graphics: BoP stability tested by outflows & re fall

India's external accounts are under strain. The current account deficit is widening, and capital may flow out. The rupee has weakened significantly. Policymakers are considering various measures beyond interest rate hikes to stabilize the currency. These include incentives for foreign deposits and liberalizing capital inflows. State-owned banks may also issue foreign currency bonds.

18 May 2026 1:08 am
IPL 2026: 6 losses after 6 wins for Punjab, RCB in playoffs

IPL 2026: Royal Challengers Bengaluru secured a playoff berth by defeating Punjab Kings by 23 runs. Virat Kohli and Venkatesh Iyer scored half-centuries, setting a target of 222. Bhuvneshwar Kumar's early bowling spell crippled Punjab Kings. The team's batting faltered, leading to their sixth consecutive loss and near elimination from the tournament.

18 May 2026 12:54 am
Strong digital business boosts ENIL FY26 revenue 3.9% to Rs 565 crore

Entertainment Network India, or ENIL, saw its revenue climb to 565 crore in FY26. This growth was powered by its digital business, which expanded significantly. The company's radio advertising market faced challenges. ENIL's digital segment now contributes substantially to its overall revenue. The company maintained a strong financial position and recommended a dividend.

18 May 2026 12:53 am
Telangana theatre dispute exposes single-screen stress

Single-screen theatre owners in Telangana face financial crisis. They propose a revenue-sharing model to distributors. This comes amid weak box-office collections and high operating costs. National chains already use a percentage-based model. Producers also feel pressure from rising star fees and fewer releases. Pan-India film ambitions impact regional content and theatrical windows.

18 May 2026 12:51 am
KL Rahul, Abhishek Porel power Delhi Capitals to five-wicket win over Rajasthan Royals

Abhishek Porel and KL Rahul's fluent half-centuries powered Delhi Capitals to a five-wicket victory over Rajasthan Royals. The opening pair's 105-run stand set the stage for the chase, with Axar Patel's unbeaten 34 sealing the win in 19.2 overs. Delhi successfully overhauled RR's competitive total of 193.

18 May 2026 12:48 am
RBI elevates 5 senior officers to executive director rank

Four of the newly empanelled executive directors - Gunveer Singh, Monisha Chakraborty, Suman Ray and Sudhakar Malli - belong to the common seniority group (CSG) cadre, while Ravi Shankar is from the department of statistics and information management (DSIM) cadre.

18 May 2026 12:48 am
Sinner makes history in Rome with Italian Open triumph and rare Masters clean sweep

Jannik Sinner made history by becoming the first Italian man to win the Italian Open in 50 years, also achieving the rare feat of winning all nine Masters 1000 events. His dominant 6-4, 6-4 victory over Casper Ruud extended his winning streak to 29 matches, positioning him as a strong favorite for the upcoming French Open.

18 May 2026 12:48 am
RBI tightens scrutiny of overseas investments as outflows surge to $27 billion in FY26

Regulators are examining overseas investments by Indian companies. The Reserve Bank of India is seeking details on the purpose and structure of these foreign ventures. This scrutiny follows a significant increase in overseas direct investment outflows. Companies must demonstrate genuine business intent for these investments. The RBI aims to ensure funds are used appropriately and profits are repatriated.

18 May 2026 12:45 am
Jio Studios to line up Rs 5,000 cr over 3 yrs for content push despite BO slowdown

Jio Studios will invest 4,000-5,000 crore in content over the next three years. This marks a significant increase from previous investments. The company has seen success with blockbuster films like the Dhurandhar franchise. Jio Studios focuses on building scale and reaching a wide audience. Long-form storytelling, especially theatrical releases, remains a key strategy.

18 May 2026 12:45 am