The Economic Times

Quote of the day by Mahatma Gandhi: Mahatma Gandhi's wisdom on power is highlighted. He stated power from love is more effective than power from fear. This philosophy guided India's independence movement. Gandhi's nonviolent resistance inspired millions. His legacy continues to influence global movements for justice and equality. His teachings remain relevant today.

In February, India's exports to the US faced a downturn, attributed largely to the imposed American tariffs. On another front, the trade deficit with China has now exceeded 100 billion dollars for the fiscal year. Interestingly, imports from the US have ramped up considerably.

Ruthenium prices have reached an all-time high, driven by surging demand from the AI boom, particularly in data storage and cloud computing. This surge is occurring amidst significant supply constraints, as ruthenium is a by-product of platinum-group metals mining, with South African production declining. Analysts predict a substantial deficit in the coming years.

India does not have a blanket transit arrangement for its ships through the Strait of Hormuz with Iran, External Affairs Minister S Jaishankar stated. He confirmed ongoing negotiations have allowed two Indian-flagged tankers to pass, emphasizing that each ship movement is an individual event and not an exchange.

Oil price today: WTI crude oil prices suddenly plunged below $95 per barrel, falling nearly 8% in just 12 hours after last weeks sharp rally in global oil markets. On Monday, WTI crude traded near $94, while Brent crude slipped below $98. Traders rushed to lock profits after crude briefly approached $100 during rising Middle East tensions and Strait of Hormuz supply fears. Comments from Donald Trump urging other nations to secure the key oil shipping route also cooled panic.

In February, U.S. factory production experienced a modest uptick, with a notable surge in motor vehicle output. Despite this, the machinery sector faced a downturn. Overall manufacturing output rose by 0.2%, building on a revised increase of 0.8% from January. This industry comprises 10.1% of the economy, and year-on-year, factory production grew by 1.3% in February.

Why is Dow Jones up by 0.32%, S&P 500 by 0.64% and Nasdaq by 1.06%, and will US stock market indexes stay up or go down again? Wall Street opened higher as technology stocks gained and investors tracked the Middle East conflict, oil prices, Federal Reserve outlook, and global economic signals.

Mastercard and MakeMyTrip have partnered to launch Lifestyle Navigator. This AI-powered travel and lifestyle concierge will offer personalized travel experiences. It combines MakeMyTrip's travel marketplace with Mastercard's AI capabilities. The platform will provide curated insights and recommend payment products for traveler benefits. Lifestyle Navigator is set to launch later this year, making India its first market.

All Graded Response Action Plan (GRAP) restrictions in Delhi-NCR have been lifted as air quality significantly improved, with the AQI recorded at 119. Favorable meteorological conditions are expected to keep the AQI in the moderate category. This revocation lifts curbs like bans on coal and firewood use and restrictions on diesel generators.

The auto parts industry is experiencing a wave of employee departures as workers head back to their hometowns over a lack of LPG cylinders for cooking. This has also taken a toll on factory dining facilities. Without prompt resolution of these fuel supply issues, the scenario could deteriorate severely.

Eid al-Fitr 2026 is expected around March 1920, as per the sighting of the Shawwal crescent moon, which marks the end of Ramadan. Muslims around the world, including almost 1% of Ohioans, will celebrate the festival through prayers, family gatherings, feasting, and charitable acts. Although Eid is officially a one-day celebration, some communities observe it for up to three days. This festival reminds Muslims of spiritual reflection, compassion, and unity, closing Ramadan with joy and meaningful

Tejas Networks celebrates a landmark achievement with a major order to deliver cutting-edge 4G Radio Access Network solutions to a prominent mobile operator in South Asia. Their state-of-the-art 4G multiband radio technology is set to enhance connectivity across multiple locations. This milestone reflects Tejas Networks' growing international presence and their dedication to equipping telecom networks around the globe.

Apple has launched the second-generation AirPods Max with the new H2 chip, bringing upgrades to noise cancellation, audio performance, and software features. The headphones now offer improved Active Noise Cancellation, refined transparency mode, enhanced Spatial Audio, and support for lossless audio via USB-C. Apple has also added AI-powered features such as Adaptive Audio, Conversation Awareness, and Live Translation, along with tools aimed at creators like studio-quality recording and lower la

Summer airfares are set to soar due to the Iran war, with jet fuel prices surging over a third. Airlines are already repricing flights, making the usual booking window too late. Experts advise booking now, especially for international travel, as prices are unlikely to drop significantly even if fuel costs decrease.

Book of the Day: With its enchanting setting, memorable characters and uplifting message, the novel proves that sometimes the most powerful magic is not found in spells, but in the courage to build a home with the people who choose to stand beside us.

NBIS stock today: Nebius shares surged premarket after announcing a significant five-year agreement with Meta for AI infrastructure, potentially worth up to $27 billion. This deal includes $12 billion in dedicated computing capacity and up to $15 billion in additional resources, solidifying Nebius's position in the AI cloud market.

The ongoing Middle East conflict poses significant risks to the global semiconductor industry. Taiwan, a crucial hub for chipmaking, faces potential disruptions to vital supplies like helium and sulfur. Increased power costs are also a concern. This could impact the production of advanced AI chips and other essential components, affecting industries from tech to automotive.

The write off peaked in FY20 at Rs 1.59 lakh crore, and since then it has been declining to Rs 47,568 crore in FY25. Banks have written off Rs 31,723 crore in FY15, Rs 40,416 crore in FY16, Rs 68,308 crore in FY 17, and Rs 99,132 crore in FY18, he said in a written reply to the Lok Sabha.

India pursued quiet diplomacy with Iran to safeguard its energy interests and ensure safe passage for tankers through the Strait of Hormuz. High-level phone calls and regular conversations between ministers built trust. India also provided assistance to an Iranian naval ship. These efforts aimed to address concerns about potential disruptions amid regional tensions.

Reliance fashion platform AJIO has launched a special merchandise collection. This range is inspired by the spy thriller Dhurandhar. The collection features apparel like graphic T-shirts and signature tees. It also includes limited-edition signed Pathanis. Designs are based on movie quotes and on-screen styles. The merchandise is available exclusively on AJIO. The film Dhurandhar is produced by Jio Studios.

Iran has requested India release three seized tankers as part of negotiations for safe passage of Indian vessels through the Strait of Hormuz. Tehran also seeks medical supplies. India confirmed ongoing engagement, noting recent passage of two LPG tankers, while at least 22 Indian vessels and 611 seafarers remain in the Gulf.

Myth is supposed to bring us together, but fantasy alienates us quote by Dustin Hoffman reflects a deep perspective on storytelling and human connection. Hoffman suggests that myths often unite people by expressing shared values, traditions, and universal experiences that communities can relate to. In contrast, fantasy may sometimes create distance because it focuses on imaginary worlds that feel detached from everyday life.

Parliamentary suspensions will end Tuesday noon. An all-party meeting reached an agreement to lift the ban. A formal proposal will be presented to the House. MPs have also committed to maintaining decorum and avoiding disruptive actions. This decision follows discussions aimed at ensuring the smooth functioning of parliamentary proceedings.

About 40% of Americans claim Social Security benefits at age 62, according to retirement data. This early filing decision can quietly reduce lifetime Social Security benefits by more than $100,000. Many retirees focus on quick income, but overlook how Social Security claiming age shapes long-term retirement income. Filing early cuts monthly payments by nearly 30% compared with full retirement age benefits. In contrast, delaying Social Security until age 70 can significantly increase monthly chec

India has initiated negotiations for trade agreements with the Philippines and the Maldives, signing terms of reference for a preferential trade agreement (PTA) with the former and a free trade agreement (FTA) with the latter. These moves come as India reviews its existing trade pacts with ASEAN and Korea, and pursues new agreements with several other nations and blocs.

Indias pharmaceutical industry is facing the risk of medicine shortages as a propane gas crunch forces several manufacturing units to partially or fully shut operations, disrupting production of key drugs including paracetamol, vitamins and hormones.

RSVM Hospitality has secured a significant land deal in Thane. The company acquired over 18.6 acres for more than Rs 498 crore from Neterwala Group entities. This large transaction occurred in Majiwada, Thane district. Such acquisitions are fueling future residential and mixed-use developments in the Mumbai Metropolitan Region. Thane's real estate market is experiencing strong growth.

A powerful storm system is expected to bring severe weather across Washington, D.C., Maryland, and Virginia. Following a cloudy start, warmer temperatures will increase into the upper 60s and low 70s, helping result in strong thunderstorms by the afternoon and evening. Damaging wind gusts between 65 and 75 mph are the major concern, although isolated tornadoes are also possible.

India is set to boost its power generation capacity. The government plans to add 97,000 megawatts of coal and lignite-based thermal power by 2034-35. This expansion aims to meet a projected demand of 3,07,000 megawatts. Significant progress is already underway with ongoing construction and awarded contracts for thermal projects.

Oil prices in for more shock what happens if Yemens Houthis close the Bab el-Mandeb Strait? The Bab el-Mandeb Strait sits between Yemen, Djibouti, and Eritrea, linking the Red Sea to the Gulf of Aden. It is one of the worlds most strategic maritime chokepoints. Around 8.8 million barrels of oil per day and massive global cargo shipments pass through this narrow route. That equals nearly 1012% of global seaborne oil trade. Now the Yemen Houthi Red Sea threat is raising fears of a blockade. Tanke

The commerce ministry is set to announce support measures for Indian exporters facing disruptions due to the West Asia crisis. These measures, potentially including insurance assistance, aim to mitigate the impact of increased freight costs and premiums. The government is actively monitoring the situation and collaborating with various departments to aid the trading community.

Vivek Oberoi, a Dubai-based entrepreneur, asserts that the Middle East's escalating tensions haven't derailed the city's robust economy. He highlights Dubai's resilience, with businesses adapting and maintaining a confident operational pace. Despite external perceptions, Oberoi emphasizes the city's stable daily life and advanced security measures, ensuring continued progress for residents and businesses alike.

At 45, Ankur Warikoo maintains 13% body fat using his 3T formula: Track calories, Train consistently, and Transform with accountability. His mostly vegetarian diet allows occasional indulgences, while a mix of strength training and tennis keeps his metabolism high. Warikoos approach proves that sustainable fat loss and muscle retention are possible without steroids, AI, or extreme restrictions.

India's apparel exporters are facing increased costs due to the West Asian conflict, with shipping routes extended and war surcharges adding 12 to 55 per garment. This disruption, including diversions around the Cape of Good Hope, delays deliveries by 10-15 days and impacts a key market for Indian ready-made garments.

The 98th Academy Awards (2026) saw 'One Battle After Another' lead with 6 wins, while 'Sinners' took 4 major awards including Best Actor. This guide lists all major winners, from 'Frankenstein' to 'Hamnet', and provides the exact OTT platforms where you can stream these Oscar-winning masterpieces right now.

India's unemployment rate dipped to 4.9% in February, a slight improvement from January's 5%, largely due to a significant decrease in the female jobless rate. Urban unemployment also saw a decline, while rural rates remained stable. Youth unemployment, however, experienced a marginal increase.

Roosevelts observation encourages people to shift their attention toward ideas that promote understanding and progress. By engaging in conversations about philosophy, innovation, culture and social change, individuals contribute to intellectual growth and collective learning.

The BJP has announced its first list of candidates for 144 West Bengal Assembly seats, notably fielding Suvendu Adhikari from both Bhabanipur and Nandigram. Adhikari's nomination from Bhabanipur positions him for a potential contest against Chief Minister Mamata Banerjee. Dilip Ghosh will contest from Kharagpur Sadar.

Finance Minister Nirmala Sitharaman announced plans for four Special Lok Adalats in 2026. These will focus on clearing pending cases before Debt Recovery Tribunals and the Debt Recovery Appellate Tribunal. The initiative targets high-value cases, particularly those exceeding Rs 100 crore. This strategy aims to expedite the disposal of these significant financial matters.

With the assembly elections on the horizon, the Election Commission has taken decisive action by relocating five Senior Superintendents of Police in Assam. This move, effective immediately, targets key districts including Majuli, South Salmara, Sadiya, Chirang, and Dhemaji.

India has established over 2.76 lakh Biodiversity Management Committees, boosting community involvement in biodiversity governance and benefit sharing. The nation leads globally with a 60 percent share in ABS Clearing-House compliance certificates. The Biological Diversity Act, 2002, underpins this framework. Significant funds have been mobilized and disbursed, supporting conservation and livelihoods.

Arun Mammen of MRF Ltd has been re-elected as Chairman of the Automotive Tyre Manufacturers Association. Rajarshi Moitra from Bridgestone India is the new Vice Chairman. Sanjay Chatterjee will take over as Director General of ATMA. These leadership changes were announced by the industry body representing India's automotive tyre sector.