The Economic Times
Elections 2026Economy / The Economic Times
A rare Blue Micromoon will appear on May 31, 2026, giving skywatchers a chance to witness one of the years most unusual lunar events. A Blue Moon refers to the second full moon within a calendar month, while a Micromoon occurs when the Moon reaches full phase near apogee, its farthest point from Earth.
Spanish Proverb of the Day highlights the meaning of The woman who dresses well attracts the husband from another womans door. The saying reflects how attention, appearance, and emotional care within relationships are often influenced by social perception and ongoing effort rather than initial attraction alone. It suggests that when a person stops investing in themselves or their relationship, they may unintentionally create space for outside interest to emerge.
Greek Proverb of the Day highlights the meaning of A woman knows nothing except what she wants to know. The saying reflects how human understanding is often shaped by personal interest, perception, and selective attention rather than objective awareness. It suggests that people may choose to focus only on information that aligns with their preferences, emotions, or existing beliefs, while ignoring perspectives that challenge them.
French proverb of the day: French wisdom emphasizes that valuable achievements require effort and perseverance, much like breaking an almond's shell to reach its reward. This ancient proverb teaches that worthwhile goals are rarely attained without facing challenges, making personal growth and resilience essential parts of the journey toward success.
John Lennon, in a 1964 interview, emphasized the importance of self-love and acceptance, stating individuals don't need external validation to define themselves. This philosophy challenges societal categorization and the need for facades, a message particularly relevant in today's digital world. Lennon, a legendary musician, advocated for authenticity throughout his impactful career.
Quote of the Day by Emma Watson: Emma Watsons quote, I don't want the fear of failure to stop me from doing what I really care about, highlights the importance of courage, self-belief, and determination in pursuing meaningful goals. The quote suggests that fear should not become a barrier that prevents people from following their passions or taking important steps in life, and instead encourages individuals to move forward despite uncertainty or the possibility of failure.
Chinese Proverb of the Day highlights the meaning of A woman that always laughs is everybodys wife; a man that is always laughing is an idiot. The saying reflects traditional beliefs about dignity, reputation, seriousness, and social behavior in older societies. It suggests that excessive laughter or carefree behavior could affect how people were judged by others. The proverb also reveals how men and women were expected to behave differently according to cultural norms of the past.
Trump Accounts for kids app explained: Parents can now access the Trump Accounts mobile app, a new government savings program for children. Launched May 28, the app offers financial literacy tools ahead of the official account debut on July 4, 2026. Eligible children born between 2025-2028 will receive a $1,000 seed deposit, with annual contribution limits set at $5,000.
JSW, Tata, SAIL, JSPL are set to hike capex up to 65%; spending surge defies West Asia cost pressures.
Coco Chanel's enduring quote, 'Look for the woman in the dress. If there is no woman, there is no dress,' emphasizes that true style stems from confidence and individuality, not just clothing. This timeless message continues to inspire, reminding people that personality and self-worth are the true foundations of elegance, especially in today's appearance-focused world.
After a decade of downsizing the wholesale business, Karur Vysya now plans to reverse it by raising the corporate loan share to 20% in the next two years from 14% at present. It also plans to enter into the credit card business, and loans against mutual funds are on the cards, too, as is a renewed focus on microloans.
Gracie Abrams has announced her expansive The Look At My Life Tour, a 64-date global arena run scheduled from December 2026 through May 2027. The tour will take the singer-songwriter across North America, Europe, the United Kingdom, and Ireland, including multiple-night performances in cities such as Los Angeles, Brooklyn, London, Paris, and Berlin. The concerts arrive in support of her upcoming third studio album, Daughter From Hell, releasing on July 17.
The Supreme Court has asked the government and the Reserve Bank of India for their response to a petition that wants banks' dealings with real estate projects to be reviewed. The court also wants an investigation into developers accused of misusing homebuyers' money. Several authorities and builders have been issued notices.
India's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean personal liability for company board members if taxes remain unpaid. Companies are hoping for relief from the ruling's details. The government's amnesty scheme might offer a way out for earlier periods.
France's Parliament has voted to abolish the Black Code. This colonial law, enacted in 1685, treated enslaved people as property. For nearly two centuries after slavery's abolition, the law remained on the books. The National Assembly unanimously repealed the decree. Lawmakers acknowledged the deep historical impact of this legislation. The repeal marks a significant step in addressing centuries of injustice.
Indian banks achieved a record consolidated net profit exceeding 4 lakh crore in FY26. Top lenders SBI, HDFC Bank, and ICICI Bank contributed over half of this aggregate. Private banks slightly outpaced state-run banks in profit share. This growth faced headwinds from rising bond yields and a cap on net open positions.
Reliance Industries is placing Jio Platforms at the core of its future growth. Chairman Mukesh Ambani envisions Jio as a global technology platform driven by AI, digital infrastructure, and clean energy. The company is also strengthening its renewable energy ambitions. Ambani highlighted India's decade of economic and digital transformation. Near-term concerns exist for the oil business due to global factors.
Chinese smartphone maker Xiaomi is bringing in Alexander Tang to head its India business as it looks to revive falling market share and improve performance in one of its key markets. Tang, who previously managed parts of Southeast Asia, will replace Alvin Tse, who had led the India region since 2022 and is being shifted to another role.
Reliance Retail's premium segment experienced a strong sales recovery and narrowed losses in fiscal year 2026. The acquired Metro Cash & Carry wholesale business also reported increased sales. Reliance's fast-moving consumer goods division, Reliance Consumer Products, incurred a net loss of 125 crore in the final four months of FY26. The company's beverage brand Campa achieved significant gross sales.
The Supreme Court has directed the Centre and the Food Safety and Standards Authority of India to explain why a nationwide performance audit of food safety regulations is needed. This comes amid concerns over food adulteration and weak enforcement. The court seeks to understand the effectiveness of the current food safety framework.
India and South Korea will work to reduce the trade gap. Both nations will form special groups to boost cooperation in digital trade, supply chains, and industries. This comes as part of efforts to upgrade their economic partnership. The goal is to increase trade significantly by 2030. Discussions also covered goods, services, and investment rules.
India and Canada are prioritizing areas of agreement for their economic partnership. Sensitive sectors will be excluded from negotiations. The goal is to finalize the Comprehensive Economic Partnership Agreement by year-end. This aims to significantly increase bilateral trade from 17 billion dollars to 50 billion dollars by 2030. Both nations are capturing immediate opportunities.
The Indian government is exploring a significant policy shift. It may permit corporate investments in multidisciplinary partnership firms. This move aims to strengthen their financial base. The goal is to foster large domestic firms capable of competing with global giants. This initiative seeks to enhance India's presence in the international auditing and consultancy market. A final decision is expected soon.
The support is aimed at partially offsetting operational expenses and revenue losses faced by retailers. Explaining the mechanism, a dealer said the company compares current sales with historical averages.
The National Highways Authority of India has identified 17 highway stretches for monetisation. These assets span nine states and total over 1,600 kilometers. The government aims to raise significant funds through toll-operate-transfer and InvIT modes. This initiative focuses on key economic and logistics corridors with strong traffic potential and connectivity.
Banks want arbitration back for big infrastructure disputes. They fear new rules will slow down payments and hurt sector funding. The government removed arbitration for projects over 10 crore. This change aims for faster settlements through mediation. However, banks worry about long court battles and delayed recoveries. The move impacts various road project types.
India aims to cut reliance on imported chemicals through coal gasification. The government is offering significant financial support and incentives for new projects. Companies have been urged to invest in coal gasification plants. A draft proposal is expected soon, with the scheme likely to launch by early July.
India is poised to take the lead as the premier growth engine globally, the WEF said, with economists optimistic about substantial progress in the year ahead. India's drive is propelled by robust infrastructure development, significant technological advancements, and proactive trade policies, it added.
Why are gold and silver prices up today, and will precious metals continue to rise or fall again? Gold and silver prices moved higher after the US dollar and oil prices weakened following reports about a ceasefire extension understanding between the United States and Iran. Gold rebounded from a two-month low as investors reacted to US inflation data, Federal Reserve rate outlook, and rising Chinese gold imports. Analysts said precious metals may remain sensitive to interest rates, geopolitical t
Travelers heading to airports this holiday season are being warned against wearing sunglasses indoors, as experts say it could attract unnecessary attention from security staff. Amanda Parker from Netflights explained that while sunglasses are not banned outside security zones, they can interfere with facial recognition systems and may make passengers appear suspicious, especially when paired with hoodies or covered clothing.
As Cipla approaches its centenary, the company is redefining its strategy by prioritizing innovation to amplify revenues. With ambitions to broaden its footprint in North America and Europe through sophisticated product offerings, Cipla is also intensifying its focus on managing chronic conditions such as diabetes and heart diseases in India.
Hockey legend Claude Lemieux, a four-time Stanley Cup winner, has passed away at 60. Lemieux was celebrated for his fierce playoff performances, securing championships with the Montreal Canadiens, New Jersey Devils, and Colorado Avalanche. He also won the Conn Smythe Trophy. Known for his physical play, Lemieux later became a player agent. His family has requested privacy.
Rakhi Sawant recounted a bizarre encounter with Govinda on the sets of 'Joru Ka Gulam,' where he burped in her face after she waited hours to meet him. She also revealed facing marital abuse, detailing how her ex-husband, despite her devotion and introductions to Bollywood figures, proved to be a cheater.
To enhance the integrity of the NEET-UG retest, the government is devising new strategies. Notably, the Indian Air Force could be involved in the safe transport of test papers. Efforts are underway to find secure facilities outside of banks for their storage needs. This comprehensive approach is aimed at facilitating a fair examination process.
Quote of the day by Jean-Jacques Rousseau still drives powerful conversations about freedom, society, mental pressure, and authentic living. Man is born free, and everywhere he is in chains exposes how fear, social expectations, comparison, and silent emotional control shape modern life. The timeless Jean-Jacques Rousseau quote pushes readers to question success, identity, and inner freedom. It reminds people that real independence begins inside the mind, not outside comfort, wealth, status, or
The Supreme Court has permitted the Manipur government to appoint a Director General of Police from outside the state cadre. This decision comes as the current DGP's term ends and the state faces ongoing ethnic strife. Mukesh Singh, an IPS officer from the AGMUT cadre, is likely to take over as the new DGP.
Quote of the Day by Bradley Cooper: Bradley Coopers quote, When I'm into a woman, I literally can't stop staring. I'm like a little kid. I become completely entranced, reflects the intensity of attraction and admiration that can arise when someone is deeply drawn to another person. The quote suggests a moment of emotional fascination where attention becomes fully focused, highlighting how strong feelings of attraction can feel natural, instinctive, and overwhelming.
National Security Advisor Ajit Doval has stressed the need for a unified approach to counter-terrorism. Speaking in Moscow, he urged an end to double standards in tackling the threat. Doval also highlighted the importance of safe passage for trade through critical waterways like the Strait of Hormuz.
The CBI on Thursday arrested retired judge Giribala Singh, mother-in-law of Twisha Sharma, after the Madhya Pradesh High Court cancelled her anticipatory bail in connection with Sharmas death case. Twisha, a former Miss Pune winner, was found dead at her Bhopal home on May 12, just five months after marrying lawyer Samarth Singh.
Rahul Gandhi intensified his attack on education minister Dharmendra Pradhan over issues in CBSEs On Screen Marking (OSM) system, questioning why the contract was awarded to Coempt, formerly known as Globarena, despite past controversies linked to the firm. In a social media post, Gandhi asked whether proper background checks were conducted and alleged that the government was complicit either way.
Why are oil prices down today, and will Brent and US WTI crude futures continue to drop or rise again? Oil prices moved lower after reports claimed the United States and Iran reached a ceasefire extension agreement. Brent crude and US WTI crude futures also reacted to lower-than-expected US crude stockpile declines. Traders are now watching Middle East developments, Strait of Hormuz traffic, US inventory levels, and Donald Trumps decision on the reported deal.
An employee shared his experience online after being confronted by his manager for leaving work just one minute before his shift officially ended. The boss reportedly warned him that such behavior was being tracked and insisted he remain productive until the very last minute. The comment about tracking raised concerns for the employee, who questioned whether workplace monitoring systems were being used.
Canadian Prime Minister Mark Carney is urging a new partnership with the United States. He wants to reimagine cooperation in key sectors facing global competition. This comes as the United States-Mexico-Canada Agreement faces a mandatory review. Canada is also diversifying its trade relationships globally. Carney emphasizes strategic autonomy for Canada in a changing world.
Filmmaker Karan Johar has surprised fans by reportedly unfollowing numerous Bollywood celebrities and close friends on Instagram, including Shah Rukh Khan, Kajol, and Alia Bhatt. This sudden social media activity, which includes actors he launched, has left netizens speculating about the reasons, with some suggesting a possible technical glitch.

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