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The Economic Times

Economy / The Economic Times

UAE says air traffic back to normal after precautionary measures lifted

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.

3 May 2026 6:04 pm
Iran presses for an end to war within 30 days as Trump expresses doubts

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.

3 May 2026 5:52 pm
Keralam CM Pinarayi Vijayan changes social media bio ahead of vote counting for Assembly elections

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.

3 May 2026 5:50 pm
Israel is stronger than ever, our pilots can reach any point in Iranian skies, says Prime Minister Netanyahu

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.

3 May 2026 5:44 pm
Madhya Pradesh CM lays foundation of Indore-Pithampur economic corridor

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.

3 May 2026 5:20 pm
Nestle India looks for volume-led growth despite price volatility amid geopolitical uncertainties

Nestle India aims for volume-led growth in the new fiscal year. The company is cautious about price volatility stemming from rising input costs and geopolitical tensions. Nestle India will continue to invest in its brands and expand its rural reach. The company is also open to strategic acquisitions to strengthen its portfolio.

3 May 2026 5:15 pm
Quote of the day by Robin Williams: Medicine, law, business, engineering are necessary to sustain life. But poetry, beauty, romance, love, these are what we stay alive for - Hollywood star on true meaning of life

Life is more than just survival. Robin Williams, the beloved actor, emphasized that while practical careers sustain life, it is poetry, beauty, romance, and love that make life worth living. His message encourages balancing professional success with emotional and spiritual nourishment. Williams' own life and career exemplified this pursuit of depth and joy beyond mere existence.

3 May 2026 5:15 pm
Two separate venues for pharma industry expos in Delhi-NCR

CPHI India and PMEC India are expanding their pharmaceutical expos to two venues in Delhi-NCR. This move aims to support the rapid growth of India's pharma sector. The events will offer greater business engagement and specialized networking. CPHI India will focus on ingredients and formulations. PMEC India will showcase machinery and manufacturing technologies.

3 May 2026 4:54 pm
Wont let me leave my desk: New employee complains about micromanaging boss. Shares frustrating workplace experience

A viral Reddit post details an employee's struggle with an excessively controlling manager who micromanages activity, insists on constant camera use, and dictates work location. Despite meeting all job requirements, the employee faced criticism for a minor seating change, highlighting the detrimental impact of such oversight on morale and job satisfaction.

3 May 2026 4:43 pm
GT vs PBKS weather update & pitch report: Possible dew at Narendra Modi Stadium?

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.

3 May 2026 4:41 pm
Once Salman Khan's heroine, she was abandoned by her husband after a cancer diagnosis. Later, she moved into a chawl and worked as a maid. What is Pooja Dadwal doing now?

Once a Bollywood actress who shared screen space with Salman Khan, Pooja Dadwal now leads a modest life in a Mumbai chawl. After facing health challenges and abandonment, she received support for her medical treatment from Ravi Kishan and Salman Khan. Dadwal has since rebuilt her life, currently running a tiffin service.

3 May 2026 4:39 pm
ADB launches critical minerals financing facility for Asia-Pacific manufacturing

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.

3 May 2026 4:38 pm
Understand yourself: Ankur Warikoo agrees to Shah Rukh Khan, Alia Bhatts Dear Zindagi film dialogue

Ankur Warikoo shared a powerful dialogue from Dear Zindagi. The film featured Shah Rukh Khan as a psychologist. He told Alia Bhatt's character that understanding oneself is key. When you know yourself, others' opinions fade. Warikoo agrees, stating that only you truly know your struggles. He urges readers to focus on self-understanding to take control of their lives.

3 May 2026 4:31 pm
Hezbollah pays steep price in battle to reverse its fortunes

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.

3 May 2026 4:27 pm
Madhavan warns about the one habit that quietly develops childhood trauma in kids. 'I was called the shaitaan...'

R Madhavan has reflected on his childhood and the way he was often labelled and judged by people around him, recalling that he was even called shaitaan for his active and unconventional behaviour. He shared that such labels and constant comparison affected him emotionally, though he also believes challenges are a normal part of growing up.

3 May 2026 4:26 pm
Delhi Police busts fake trading app scam; bank official among 3 held

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.

3 May 2026 4:25 pm
Hezbollah lawmaker says group can 'thwart' goals of Lebanon-Israel talks

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.

3 May 2026 4:15 pm
Sydney Triple Murder: Man charged with murdering mother, father and brother; chilling details emerge amid police probe

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.

3 May 2026 3:33 pm
Viral video shows man ripping train seat for reel as accomplice films; netizens tag his Instagram handle to alert Railways

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.

3 May 2026 3:31 pm
Rain lashes parts of Punjab, Haryana; local industrialist injured in Hoshiarpur

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.

3 May 2026 3:30 pm
Srinagar gets facelift ahead of 'Darbar Move'

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.

3 May 2026 3:24 pm
Lodha Developers aims 2.5-fold jump in annual net profit to Rs 8,500 cr by FY31: MD Abhishek Lodha

Lodha Developers plans a significant profit increase by fiscal 2031. The company targets over Rs 8,500 crore in net profit. This growth is fueled by strong demand for homes and commercial properties. Lodha Developers has a robust development pipeline and a strong market position. The Indian housing market is expected to expand for decades.

3 May 2026 3:21 pm
How NASA commander on Artemis II mission named moon crater after his late wife. That was not the plan. But

NASA's Artemis II mission achieved a historic lunar flyby. Commander Reid Wiseman's crew named a moon crater after his late wife, Carroll Taylor. This touching tribute was a spontaneous crew decision. Wiseman's daughters watched from Mission Control. The mission broke distance records. Astronauts shared their journey on The Tonight Show. Carroll Taylor Wiseman was a dedicated nurse.

3 May 2026 3:08 pm
PM Modi lauds GalaxEye milestone as Mission Drishti OptoSAR satellite enters orbit

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.

3 May 2026 3:07 pm
From cabin crew to CEO: She thought marriage would kill her aviation career, but her father-in-law surprised her- 'I'll never forget the day...'

A former cabin crew member, Shivani Chouhan, found her aviation career paused by the pandemic. During this time, she met and married Gaurav, whose family's unwavering support encouraged her to expand her ambitions. Inspired, Shivani launched her own aviation training platform, Career Runway, mentoring over a hundred aspiring professionals.

3 May 2026 3:06 pm
Quote of the day by Socrates: I don't know why I did it, I don't know why I enjoyed it, and I don't know why I'll do it again; Famous Greek philosopher and Plato's teacher on the paradox of compulsion

Socrates, the influential Greek philosopher, is credited with a quote highlighting the paradox of repeating actions without full understanding or explanation. This ancient reflection on compulsion and self-awareness, passed down through Plato and others, continues to resonate with modern human behavior. His method of inquiry through dialogue profoundly shaped Western moral philosophy.

3 May 2026 3:06 pm
Vinesh flags fear of bias, says govt to be responsible for any incident in Gonda

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.

3 May 2026 3:02 pm
Delhi to adopt fully digital system for traffic challan disposal

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.

3 May 2026 3:00 pm
DMK alleges plans by 'BJP to orchestrate disruptions,' on vote-count day, urges action

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.

3 May 2026 2:55 pm
Bengal polls: 'Grave violation of election protocols,' Suvendu Adhikari alleges disclosure of counting duty detail

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.

3 May 2026 2:55 pm
Cement cos in Meghalaya imported nearly 3 lakh mt of coal without valid papers: HC-appointed panel

Two cement companies in Meghalaya face accusations of violating norms in transporting over 2.93 lakh metric tonnes of coal. A high court-appointed committee reported the companies moved the coal without mandatory approvals. This movement also lacked essential documents and weekly returns. The committee recommended strict enforcement and improved tracking systems to curb illegal coal movement across the state.

3 May 2026 2:55 pm
Diljit Dosanjh at Aura World Tour speaks on leaving physical self, says death does not scare him

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.

3 May 2026 2:52 pm
He was earning Rs 40 LPA. Yet he was unable to save Rs 30,000 at the end of each month. X user explains why : ' Middle class trap....'

A 32-year-old tech professional earning over 40 lakh annually struggles with low monthly savings. His substantial home loan installment of 1.12 lakh consumes over half his salary. Car loan and living expenses further reduce his disposable income. This situation highlights how large assets financed by loans can lead to cash flow constraints.

3 May 2026 2:43 pm
Tourism gains momentum in Manali of Himachal Pradesh; hotel occupancy reaches up to 80 per cent

Manali is witnessing a surge in tourist activity this season. Hotel occupancy is high, with expectations of a record-breaking period. Pleasant weather and lingering snow are drawing visitors. Tourism operators have enhanced preparations. Tourists are enjoying the natural beauty and various adventure activities. Local businesses are optimistic about the strong season ahead.

3 May 2026 2:43 pm
Motor racing-F1 will have V8 engines by 2031, possibly 2030, says FIA president

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.

3 May 2026 2:43 pm
Kerala lottery Samrudhi SM-53 result out today (03-05-2026); Rs 1 crore prize winning number and full list here

The Samrudhi SM-53 lottery results have now been released, offering participants a chance to win prizes ranging from a 1 crore jackpot to smaller amounts. Ticket holders can check their numbers for the draw, which features multiple prize tiers. The Kerala State Lotteries Department ensures transparency in the announcement and claiming process.

3 May 2026 2:31 pm
West Bengal elections: Ruckus outside counting centre in Mamata's constituency, TMC claims entry of car with BJP flag

West Bengal Assembly Elections 2026: TMC workers in Bhabanipur alleged BJP cars entered the EVM strongroom. This incident follows Chief Minister Mamata Banerjee's protest over strongroom security. Both TMC and BJP are closely watching EVM security across West Bengal. Allegations of malpractice and tampering have been raised by the TMC. The Election Commission has denied these claims, stating surveillance was continuous.

3 May 2026 2:29 pm
Mobile money doubles to $2 trillion in 4 years as digital payments surge globally: Report

Global mobile money transactions surpassed $2 trillion in 2025, doubling in value within four years. This growth is fueled by increased user activity and a shift towards everyday merchant payments, which saw a 42% rise. Providers are also expanding into savings and insurance, boosting sector profitability despite ongoing regulatory and fraud challenges.

3 May 2026 2:29 pm
OPEC+ set to approve third supply increase since Hormuz disruption, sources say

OPEC+ plans a small oil output increase. This boost will be symbolic as the U.S.-Iran conflict blocks vital Gulf oil routes. The Strait of Hormuz closure severely limits exports from key members. This disruption has already sent oil prices soaring. Analysts warn of jet fuel shortages and rising global inflation.

3 May 2026 2:24 pm
Quote of the day by Bertrand Russell: 'The secret of happiness is to face the fact that the world is horrible, horrible, horrible; famous English philosopher-mathematician on wisdom through acceptance

Renowned thinker Bertrand Russell's quote of the day proposed a surprising path to happiness: acknowledging the world's harsh realities. Instead of seeking comfort, he argued that facing life's difficulties directly offers a more stable and resilient form of contentment. This perspective challenges modern pressures for constant positivity, suggesting clarity, not illusion, is the true foundation for well-being.

3 May 2026 2:22 pm
Ramkrishna Forgings set to foray into forged wheel production next month

Ramkrishna Forgings is set to make waves in the manufacturing sector as they commence operations at their Chennai facility in June. This venture into forged wheel production positions them to create Asia's second-largest wheel manufacturing unit. With an impressive order book of 9,635 crore, FY27 is shaping up to be a pivotal year, underlining the company's ambitious growth trajectory.

3 May 2026 2:18 pm
Punjab & Sind Bank aims to cross total business milestone of Rs 3 lakh cr in FY27

Punjab & Sind Bank is targeting a significant milestone of Rs 3 lakh crore in total business by the end of the current financial year. This ambitious goal is driven by expected loan growth and deposit expansion. To fuel this expansion, the bank plans to raise substantial funds through equity and debt issuances.

3 May 2026 2:17 pm
As mercury soars, e-commerce platforms step up measures to protect delivery workers

Indian e-commerce and quick-commerce platforms are introducing measures to protect delivery workers from severe heatwaves. Companies are providing cooling gear, air-conditioned rest hubs, and health check-ups. Initiatives include specialized jackets, shaded rest points, and medical support. These efforts aim to safeguard the frontline workforce during the harsh summer months.

3 May 2026 2:06 pm
'Will win by massive majority,' says BJP's George; bets Rs 1 crore on victory

P C George, a BJP candidate, expressed strong confidence in winning the Poonjar Assembly seat. He also predicted his son Shone George's victory in Pala. George anticipates a hung Assembly in Kerala, with the UDF as the largest front. He projected the NDA securing approximately 11 seats in the state. The election results are due on Monday.

3 May 2026 1:46 pm
'Acting legend Jake Paul': Olivia Rodrigo mocks ex-Disney co-star during SNL opening monologue

Olivia Rodrigo kicked off her Saturday Night Live hosting debut with a humorous monologue, recalling her early days on Disney's Bizaardvark. She playfully jabbed at former co-star Jake Paul, contrasting her musical aspirations with his boxing career. Rodrigo also shared a funny anecdote about her first acting job and teased her new album with a lengthy, comedic title.

3 May 2026 1:31 pm
Employee, about to resign silences boss before he leaves: 'You can find a replacement in three days but....'

An employee's decision to resign due to severe burnout stunned colleagues when they prioritized personal well-being over a critical client project. Despite the manager's pleas and attempts to negotiate, the employee firmly refused to extend their stay, emphasizing that health damage from overwork could be irreversible, a point that left the office speechless.

3 May 2026 1:21 pm