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The Economic Times

Economy / The Economic Times

Employee reveals how layoffs backfired on company management: ' Suddenly we are getting meetings about...'

A recent Reddit post detailed how company layoffs unexpectedly triggered a wave of resignations among surviving employees. Workers, fearing for their job security and questioning the company's financial health, began seeking new opportunities. This exodus, driven by damaged morale and increased workloads, surprised management and highlighted the potential for layoffs to accelerate instability.

7 May 2026 11:23 pm
LSG vs RCB: Virat Kohli departs for duck against Lucknow Super Giants in crucial IPL 2026 clash

Virat Kohli was out for a duck in the IPL 2026 match between Royal Challengers Bengaluru and Lucknow Super Giants. Lucknow Super Giants scored 209 for three. Royal Challengers Bengaluru need 210 to win. Prince Yadav took Kohli's wicket early. Mohammed Shami also took a wicket. Mitchell Marsh scored a half-century for Lucknow Super Giants.

7 May 2026 11:04 pm
Pakistan never shies away from dialogue with India, but it should be 'meaningful': FO

Pakistan has publicly announced its readiness to initiate talks with India, signaling a desire for impactful and productive dialogue. As the nation reflects on the anniversary of a critical conflict, it pledged a robust response to any future acts of aggression. With a focus on strengthening military capabilities, officials noted the historical conflict's influence on Indias perception of security.

7 May 2026 10:46 pm
Husband claims company wrongfully fired wife using technicality, post goes viral

A manufacturing worker's sudden dismissal from a unionized plant has ignited a workplace dispute. Management allegedly manufactured misconduct charges after failing to use attendance policy. A security log entry and a disputed prior warning fueled the controversy. The husband shared the story online, asserting his wife's rights under a 'just cause' agreement. Thousands of Reddit users offered support and advice.

7 May 2026 10:46 pm
'Aesthetic catastrophe': Why Christopher Nolan's 'The Odyssey', his costliest movie ever, is being trolled

Christopher Nolan's new film, The Odyssey, is generating buzz and controversy online. Critics are questioning the casting choices and historical accuracy of the movie. Some fans feel the visual style and tone do not represent ancient Greece. The film, set for a 2026 release, is reportedly Nolan's most expensive project to date.

7 May 2026 10:46 pm
Trai proposes fine up to Rs 50 lakh on telcos for improper handling of customer complaints

Telecom regulator TRAI is proposing a new system for telcos to handle customer complaints. Service providers must offer clear complaint registration on their web portals, apps, and chatbots. Regular updates on actions taken will be mandatory. Fines of up to Rs 50 lakh per quarter can be imposed for improper complaint dismissal.

7 May 2026 10:43 pm
CPSEs capex surges 63% in April, kick off FY27 on strong note

Public sector companies and key government bodies significantly boosted capital spending in April. This surge of 63% marks a strong start to the fiscal year. The increased outlay underscores the government's focus on vital infrastructure projects. This spending provides economic stability amidst global uncertainties. The figures show a substantial increase compared to the previous year.

7 May 2026 10:41 pm
Quote of the Day by Agatha Christie: 'Follow your instinct. It's the best'Inspiring quotes by the 'Queen of Crime' and author of best-selling book 'And Then There Were None'

Quote of the Day: Agatha Christie's enduring advice, Follow your instinct. Its the best advice, resonates today, reflecting her mastery of human psychology in detective fiction. Her life and prolific career, marked by iconic characters like Hercule Poirot and Miss Marple, demonstrate the power of intuition in uncovering truth. Christie's legacy continues through her timeless stories and insightful observations on human nature.

7 May 2026 10:40 pm
Quote of the Day by Stephen Hawking: The past, like the future, is indefinite and exists only as a spectrum of possibilities Why nothing in life is constant and how the legendary physicist reshaped our understanding of time, reality and memory

Stephen Hawkings quote, The past, like the future, is indefinite and exists only as a spectrum of possibilities, challenges the traditional way we understand time. Quote of the Day by Stephen Hawking suggests that neither the past nor the future is completely fixed, but instead shaped by interpretation, memory, and probability. What we consider past events are often reconstructed versions influenced by perspective, while the future remains a field of multiple potential outcomes.

7 May 2026 10:40 pm
Rajnath Singh releases film on Operation Sindoor in Jaipur

Defence Minister Rajnath Singh released a film on Operation Sindoor in Jaipur. The movie marked the first anniversary of the military operation. Singh was received by Rajasthan Chief Minister Bhajanlal Sharma. The film honors the armed forces' courage and spirit. It reflects India's resolve to safeguard its sovereignty.

7 May 2026 10:34 pm
Quote of the day by Napoleon Bonaparte: The best cure for the body is a quiet mind inspiring lessons on mental peace, stress-free living and emotional strength by the legendary French emperor and military leader

Napoleon Bonapartes famous quote about a quiet mind shares an important life lesson about peace and health. The story explains how calm thinking can help people handle stress and daily problems better. It also looks at Napoleons journey from a young military student to one of historys most powerful leaders and why his words still inspire people today.

7 May 2026 10:31 pm
WBBSE Madhyamik Result 2026: Check official link, how to download scorecard, pass percentage and other details

WBBSE Madhyamik Result 2026: West Bengal Board of Secondary Education will announce Madhyamik Class 10 results on May 8, 2026. Students can check their scorecards online on wbbse.wb.gov.in and wbresults.nic.in. The examinations were held from February 2 to February 12. Results can also be accessed via SMS and DigiLocker. Last year's pass percentage was 86.56 percent.

7 May 2026 10:18 pm
The one question every frustrated employee should ask before updating their resume tonight

Feeling frustrated at work is a key indicator. Experts suggest this feeling can point to chances for professional growth or signal a need for a career shift. Understanding the root cause is vital. Is the challenge stretching your abilities or depleting your energy. This insight helps professionals make smarter choices about their future path.

7 May 2026 9:57 pm
MHADA issues letter of acceptance to consortium for 33-acre Abhyudaya Nagar redevelopment

MHADA has accepted a consortium's bid for the cluster redevelopment of Mumbai's Abhyudaya Nagar colony. This significant project will provide residents with larger rehabilitation flats and includes revised terms like parking, a corpus fund, and rent compensation. The redevelopment aims to renew aging public housing under the C&D model.

7 May 2026 9:54 pm
India-EU FTA to cover one-third of global trade, impacts 2 billion people: Commerce Ministry

The India-European Union Free Trade Agreement (FTA) will cover nearly one-third of global trade and touch around 2 billion people, making it one of the world's biggest trade deals, Additional Secretary in the Department of Commerce Darpan Jain said while addressing a Federation of European Business in India (FEBI) event on Decoding EU-India FTA.

7 May 2026 9:52 pm
WHO warns of more hantavirus cases in 'limited' outbreak

Three passengers died from hantavirus after a cruise. The World Health Organization believes the outbreak will be limited if precautions are taken. Another sick passenger landed in Europe. Health officials are tracing contacts. The virus is usually spread by rodents. It can cause severe illness. No vaccine or cure exists.

7 May 2026 9:50 pm
IndiGo to be launch carrier of Noida International Airport, operations from June 15

IndiGo will begin flights from Noida International Airport on June 15, 2026. The airline will connect the new airport to more than 16 Indian cities. This includes major metros and tier-2 and tier-3 destinations. IndiGo will now serve all three airports in the National Capital Region. This expansion enhances domestic connectivity and supports India's aviation growth. Bookings are opening soon.

7 May 2026 9:43 pm
Karoline Leavitt welcomes baby girl Viviana: White House maternity leave plans and possible guest briefers revealed

Karoline Leavitt shared happy family news after welcoming her second child. The White House press secretary also spoke about family life, support during pregnancy, and future press briefing plans during her maternity leave. Reports also discussed possible guest speakers who may appear at the White House podium while she takes time away after childbirth.

7 May 2026 9:40 pm
Muthoot Microfin plans to cut risk by bringing down group micro loan share to 60% by 2030, says CEO Sadaf Sayeed

Muthoot Microfin is shifting focus from unsecured loans to business diversification. The company aims to reduce its microfinance asset share to 60% by 2030. It plans to enter two-wheeler financing this festive season. Muthoot Microfin targets growing its assets under management to Rs 30000 crore by 2030. This strategy aims to mitigate risks in the microfinance sector.

7 May 2026 9:38 pm
Gen Z conspiracy: China thinks the West is pushing its youth to quit

Young Chinese are opting for 'lying flat', a movement rejecting relentless work and economic pressures. This trend, fueled by job insecurity and rising costs, challenges China's growth engine. Authorities view it as a threat, linking it to foreign interference. The nation faces a critical transition, needing motivated workers for future innovation and technological rivalry.

7 May 2026 9:35 pm
Mothers Day History: Everything to know about the date, significance, origin and celebrations in India

Mother's Day will be celebrated on May 10, 2026. This occasion honors mothers for their love and sacrifices. Ancient civilizations recognized mother goddesses. Modern celebrations involve gifts, family time, and social media tributes. The day reminds everyone to appreciate maternal support and care. It is a time for expressing gratitude and love.

7 May 2026 9:32 pm
African Proverb of the Day: You strike a woman, you strike a rock Life lessons on emotional strength, social behavior and sacrifice

The African Proverb You strike a woman, you strike a rock, highlights the deep cultural wisdom surrounding womens strength, resilience, and emotional endurance. The African proverb of the day compares a woman to a rock, symbolizing stability, resistance, and unbreakable inner power in the face of hardship. It reflects how women often carry emotional and social burdens while continuing to support families and communities.

7 May 2026 9:32 pm
Govt says 101 mineral blocks started operations since auction regime began in 2015

India's mines ministry announced 101 mineral blocks are now operational. This achievement follows the 2015 auction system. The ministry worked with state governments to speed up approvals and production. Odisha leads with 34 operational blocks. Karnataka and Gujarat also show significant progress. This development supports India's self-reliance goals.

7 May 2026 9:24 pm
India-EU FTA will be a win-win for both sides, looking forward to its ratification: Airbus India MD

Airbus India's Managing Director Jurgen Westermeier hailed the India-European Union Free Trade Agreement (FTA) as a win-win for both regions, anticipating its early ratification. He emphasized the agreement's potential to strengthen economic cooperation between the two major democratic blocs, which together represent a significant portion of global GDP and trade.

7 May 2026 9:23 pm
India's urban transformation must be backed by accountability: CAG at BRICS SAI Summit

During the BRICS Summit in Bengaluru, K Sanjay Murthy, India's chief auditor, emphasized the urgent call for heightened accountability in urban development and sustainable transportation. He urged that the effectiveness of public expenditures be measured by their impact on citizens well-being, especially in rapidly urbanizing areas.

7 May 2026 8:55 pm
Boss's reaction after employee resigns goes viral: 'She clapped and cheered...'

A former employee detailed a toxic work environment where his manager exhibited negativity and disrespect, even celebrating his resignation. The employee endured excessive hours, constant criticism, and pressure to sacrifice personal time. Upon leaving for a healthier opportunity, the manager reportedly cheered loudly in the bathroom, prompting sympathy and advice from Reddit users.

7 May 2026 8:54 pm
Strait of Hormuz Crisis: 22,500 mariners, 1,550 ships stranded as Iran tightens grip

Iran's control of the Strait of Hormuz has disrupted the global economy. Fuel prices have surged, impacting various sectors worldwide. Tens of thousands of mariners and hundreds of ships are stranded in the Persian Gulf. Iran demands an end to the war and blockade for reopening the strait. U.S. President Trump seeks broader concessions, including Iran's nuclear program rollback.

7 May 2026 8:54 pm
India urges Bangladesh to expedite nationality check for nearly 3,000 Immigrants

India is pressing Bangladesh to hasten the verification of nearly 3,000 potential illegal immigrants, echoing a commitment to uphold border integrity. This appeal comes in light of Bangladesh's promise to combat unlawful entries.

7 May 2026 8:51 pm
Who is James Holder? Superdry co-founder sentenced to eight years in UK rape case

British fashion entrepreneur James Holder, co-founder of Superdry, has received an eight-year prison sentence. A UK court convicted the 54-year-old of rape following an incident in May 2022. Holder denied the charges, claiming the encounter was consensual. The judge described the crime as a despicable act of sexual violence. Holder's career began selling T-shirts at BMX events.

7 May 2026 8:51 pm
EU envoy seeks investment liberalisation chapter in FTA with India, early investment pact conclusion

European Union Ambassador Herve Delphin seeks an investment liberalization chapter and an early investment protection pact for the India-EU free trade agreement. The FTA, expected to be finalized soon, will boost trade for both sides.

7 May 2026 8:42 pm
Quote of the Day by Leo Tolstoy: I sit on a mans back, choking him and making him carry me, and yet assure myself and others that... Inspiring quote on hypocrisy, social injustice, moral responsibility and why you must turn sympathy into action by the Russian writer and philosopher known for War and Peace and Anna Karenina

Quote of the Day by Leo Tolstoy: Leo Tolstoys powerful quote highlights the contradiction between sympathy and action in human behavior. It describes a situation where a person benefits from anothers suffering while pretending to feel sorry, exposing deep moral hypocrisy. The timeless quote of the day challenges readers to reflect on the difference between expressing concern and taking real responsibility for change.

7 May 2026 8:38 pm
Kodak Black arrested: Here's why the South Florida rapper Kodak Black was arrested

Rapper Kodak Black, real name Bill Kapri, was arrested in Orange County, Florida. Authorities accused the 28-year-old of trafficking MDMA. His lawyer stated the arrest was a coordinated surrender related to a November 2025 incident. Kapri faces a felony charge and is held without bond. This follows previous arrests and convictions for the artist.

7 May 2026 8:35 pm
IOC pledges support to Bengalurus 123-year-old public school in Basavanagudi

Bengaluru South MP Tejasvi Surya announced Indian Oil Corporation's CSR support for Karnataka Public School in Basavanagudi. This initiative will enhance infrastructure and learning for over 1,500 girl students. The development aims to transform the school into a model institution. This aligns with Prime Minister Narendra Modi's vision for women's empowerment and societal strength.

7 May 2026 8:28 pm
US stock market today: Dow Jones crashing today while the Nasdaq and S&P 500 hitting record highs - AI stocks surge, oil crashes, and Wall Street splits between old economy fears and tech optimism

US stock market today: The Dow Jones is crashing as Nasdaq and S&P 500 hit record highs amid AI stock surge. The U.S. stock market today looks confusing at first glance. As of Thursday morning trading, the Dow Jones sat at 49,794.83, down 115 points, or 0.23%. The S&P 500 sat at 7,374 up 8.94 points. The Nasdaq was surging 0.58%, carried higher by a broad tech rally.

7 May 2026 8:24 pm
Hantavirus outbreak on cruise ship: Symptoms, spread, treatment & should you be worried?

A suspected Hantavirus outbreak on a cruise ship has killed three people, with WHO confirming five cases and three more suspected infections, raising concerns over the deadly rodent-borne virus and its transmission risks.

7 May 2026 8:12 pm
From factory floors to design studios: How Indias ceramic industry in Morbi is reinventing itself

India's ceramic tile industry, particularly in Morbi, is shifting from a volume-focused model to prioritizing design, quality, and global appeal. Manufacturers are investing in advanced capabilities and curated collections to meet evolving international buyer demands for aesthetic sophistication and trend alignment, moving up the value chain.

7 May 2026 8:10 pm
Feeling tired all the time? Top nutritionist shares 5 everyday foods that could be draining your energy

Delhi nutritionist Lovneet Batra reveals common foods secretly draining your energy. Fruit juices, excessive caffeine, refined carbs, sugar-free drinks, and biscuits can cause energy crashes and exhaustion. Understanding these dietary pitfalls is key to maintaining sustained vitality and improving daily performance. Making mindful food choices can prevent unwanted energy dips.

7 May 2026 8:09 pm
Quote of the day by Rudyard Kipling: He travels the fastest who travels alone inspiring lessons on independence, self-confidence and staying focused on goals by The Jungle Book author

Rudyard Kiplings famous quote about travelling alone gives an important lesson about confidence, focus, and self-belief. The writer of The Jungle Book became one of the worlds most famous authors through his poems and stories. His words still inspire people to work hard, avoid distractions, and move towards success with courage and determination.

7 May 2026 8:06 pm
One billion screens and counting: TATA IPL 2026 is the biggest season in IPL history, with 277 million average match reach

TATA IPL 2026 has set a new record, reaching over 1.06 billion screens. Connected TV viewership saw a significant jump. Linear television remains a major platform for viewers. The tournament is broadcast in multiple languages. New advertisers have joined this season. Expert analysis is also a key feature.

7 May 2026 8:00 pm
From Chennai to Abu Dhabi: How Indian manufacturers are breaking into the Middle Easts oil supply chain

Indian engineering firms are now entering the Middle East's oil and gas supply chains. Global energy companies are broadening their supplier choices. This opens doors for Indian manufacturers meeting strict standards. Companies like LSI-MECH Engineers are gaining approval. The Middle East continues energy infrastructure investment. Diversifying vendor bases is a priority for global firms.

7 May 2026 7:59 pm
Marco Rubio tells Pope Leo 'great' to meet at Vatican amid tensions with Trump

Pope Leo welcomed U.S. Secretary of State Marco Rubio to the Vatican. The meeting occurred amidst significant tension between the Pope and President Trump. Discussions focused on Western Hemisphere topics and religious freedom. The Pope reiterated his commitment to peace and opposition to nuclear weapons.

7 May 2026 7:59 pm