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The Economic Times

Economy / The Economic Times

Apple stock slips as Tim Cook steps down after 15 years, John Ternus takes charge as new CEO

Apple stock dipped slightly after Tim Cook announced he will step down as CEO and move to a new role. John Ternus will take over leadership at the company. Investors are watching how this change will impact Apples future growth, products, and AI plans. The company remains strong, but the leadership shift has created short-term uncertainty in the market.

21 Apr 2026 4:32 am
Biggest energy crisis ever: 600 million barrels lost, oil shock sends prices, inflation and markets into turmoil

A big global energy crisis is happening due to oil supply loss during war. Fuel prices are rising fast in many countries. Inflation is also going up, affecting daily costs. Some regions are facing fuel shortages. Markets are reacting with high volatility. Experts say this situation may impact the global economy and investment trends in the coming months.

21 Apr 2026 3:47 am
US Stock Market Closing: Why did Dow Jones, S&P 500, Nasdaq end lower today? Nasdaq snaps 13-day rally as Iran tensions rise, oil jumps above $95

US stock market closing today shows a small fall in major indexes like S&P 500, Dow Jones, and Nasdaq. The drop comes as global tensions increase and oil prices move higher. Investors are still hopeful about future growth, but they remain careful. Markets now wait for big company earnings to understand the next direction.

21 Apr 2026 2:39 am
US small businesses pull back on investment: Only 16% plan CapEx in March, lowest since 2009

US small businesses are becoming careful with money and reducing new investments. Many are facing rising costs, hiring issues, and uncertainty about the future. Even though profits are still stable, companies are choosing to save cash instead of expanding. This situation is creating concerns about slower growth and possible economic slowdown in the small business sector across the country right now.

21 Apr 2026 1:40 am
Biggest IPO ever? SpaceX buzz ignites rally talk in top cryptocurrencies - what to know

SpaceX IPO impact on Bitcoin: Speculation is mounting around a potential SpaceX IPO, with its significant Bitcoin holdings of 8,285 BTC drawing investor attention. This could influence broader corporate adoption of crypto. Additionally, Elon Musk's past support for Dogecoin fuels speculation about renewed interest in the meme coin.

21 Apr 2026 1:35 am
Celeste Rivas cause of death and D4vd lawyers statement: Murder charge, Los Angeles County Courthouse bomb threat and court drama explained

Celeste Rivas cause of death and D4vd lawyers statement explain a major criminal case in Los Angeles. Prosecutors allege the singer killed a 14-year-old with a sharp instrument, hid her body in a Tesla, and faces murder and abuse charges. His lawyers deny responsibility and plan to fight the case. A bomb threat at the courthouse during arraignment added tension as investigations and court proceedings continue in the coming months.

21 Apr 2026 1:34 am
That's Japan for you: Stranger on Osaka train gets surprise note, what kids wrote next melts hearts online

A simple train ride in Osaka turned into a heartwarming memory for a foreign traveler when a group of schoolchildren transformed their English practice into an unexpected surprise. What began as subtle whispers and cautious glances soon led to a shy approach, where a carefully folded handwritten note in English was presented with nervous politeness, requesting feedback and a score.

21 Apr 2026 1:01 am
African proverb of the day: A fish and bird may fall in love but the two cannot build a home together Life lessons on love, compatibility and why some relationships dont last

African proverb of the day: A fish and bird may fall in love but the two cannot build a home together highlights a powerful truth about love and compatibility. While emotional connection can bring two people together, lasting relationships depend on shared values, compatability, and long-term goals. The proverb explains why love alone is not always enough to build a stable future. It reflects real-life relationship challenges where differences create distance over time.

21 Apr 2026 1:00 am
From 2 days to 90! Abu Dhabi unveils worlds largest underground water reserve that stuns experts

Abu Dhabi has unveiled the world's largest underground desalinated water reserve, storing 26 billion liters to supply the emirate for up to 90 days during emergencies. This massive Aquifer Storage and Recovery system marks a strategic shift from constant production to long-term water protection in arid regions.

21 Apr 2026 12:55 am
New pet at home? Heres why pet insurance should be your first move, not an afterthought

Getting a new pet is exciting but also costly and risky. Many owners forget to buy pet insurance early, which can lead to problems later. Vet bills are rising and treatments are expensive. Insurance helps manage these costs and avoids stress during emergencies. Choosing the right plan with good coverage can protect both your pets health and your finances in the long run.

21 Apr 2026 12:55 am
Bulgaria ex-president wins parliamentary majority

The 45 percent of ballots his populist Progressive Bulgaria (PB) coalition scored in Sunday's polls -- according to 98 percent of the vote counted -- puts it on track to take some 130 seats in the 240-seat legislature in the European Union's poorest nation.

21 Apr 2026 12:54 am
Quote of the day by Anne Hathaway: 'We assume that we've come so far as compassionate citizens of the world if we...' - reality check on civil wars, starvation and lessons on global awareness by Princess Diaries and Intern actress

Quote of the day by Anne Hathaway: She urges a deeper connection beyond just reading news, highlighting how easy it is to ignore global crises like civil wars and starvation. Her quote emphasizes that true compassion requires actively acknowledging and caring about the suffering of others, moving past passive awareness to genuine empathy for those beyond our immediate world.

21 Apr 2026 12:51 am
Israel says it thwarted Iranian plan to attack Baku-Ceyhan oil pipeline

In a joint statement, the Mossad and Shin Bet intelligence agencies said a plan by Iran's Islamic Revolutionary Guard Corps to attack the Baku-Tbilisi-Ceyhan pipeline through Georgia to Turkey several weeks ago had been thwarted. The cell had also planned attacks on Jewish and Israeli targets in Azerbaijan including the Israeli embassy and a synagogue in Baku, as well as leaders of the Jewish community in Azerbaijan, the agencies said.JERUSALEM: Israel on Monday said it had uncovered an Iranian

21 Apr 2026 12:46 am
Quote of the day by Miley Cyrus: 'When life puts you in tough situations, don't say 'Why me,' say...' Life lessons on success, self growth and challenges by television show Hannah Montana star

Quote of the day by Miley Cyrus focuses on strength, self growth and facing challenges with confidence. The saying explains how people can change their mindset in difficult times. It connects life lessons, success ideas and personal growth with the journey of television show Hannah Montana star Miley Cyrus and her career story.

21 Apr 2026 12:40 am
Jio Financial Services to scale lending, holds off unsecured credit

Jio Financial Services is expanding its lending book with property and asset-backed corporate loans. The company prioritizes balance sheet strength before venturing into unsecured credit. Its loan book currently focuses on these secured segments. Jio Financial Services aims to be a full-service financial provider, with its payments bank and payment aggregator businesses also showing growth.

21 Apr 2026 12:40 am
'Grid bottlenecks, execution risks slow power expansion': Report

India's renewable energy goals are facing hurdles. Power Grid Corporation of India Ltd, or PGCIL, is struggling with delays in building power transmission lines. These delays are caused by land acquisition and other issues. This is affecting PGCIL's profits and its stock market performance. The company is undertaking a large capital expenditure program to address these issues.

21 Apr 2026 12:39 am
SFIO widens probe into IndusInd Bank; summons audit firms over 2,000 crore derivatives irregularities

The Serious Fraud Investigation Office is investigating IndusInd Bank's derivatives portfolio. Major audit firms associated with the bank over the last decade have been summoned. This probe follows questioning of former bank officials. The irregularities are estimated to have caused losses of around 2,000 crore. The investigation aims to uncover corporate governance issues and accounting discrepancies.

21 Apr 2026 12:36 am
CBM licensing round draws few bidders

The latest coal bed methane (CBM) licensing round saw a disappointing turnout, with seven of thirteen blocks receiving no bids and four attracting only a single bidder. Only two blocks will experience competitive bidding, as just three companies participated in the Special CBM Bid Round 2026, despite more liberal terms.

21 Apr 2026 12:34 am
CERC proposes Grid India as market coupling operator

In a bid to revolutionize electricity trading in India, the National Electricity Regulatory Authority is unveiling proposed regulations that will allow the Grid Controller of India Ltd to implement market coupling. This strategic initiative aims to standardize pricing across various electricity markets, enhancing transparency and efficiency.

21 Apr 2026 12:32 am
Drug regulator transfers 95 officials in mass reshuffle

The Central Drugs Standard Control Organisation has moved about 95 officials across India. This reshuffle aims to improve compliance and lessen the impact of long-serving officers on the pharmaceutical sector. The move follows a structured transfer policy.

21 Apr 2026 12:29 am
SC asks NCLT to expedite call on Supertech oversight panel

The Supreme Court has directed the National Company Law Tribunal to quickly decide if a court-appointed committee is needed for Supertech's 30 stalled projects. This comes after the interim resolution professional was suspended. Homebuyers are concerned about project completion. The tribunal will consider if the committee is necessary for all projects or just those taken up by NBCC.

21 Apr 2026 12:28 am
Supreme Court seeks data on NCLT delays in resolution plans

The Supreme Court is addressing significant delays in approving resolution plans at the National Company Law Tribunal. It has directed the Insolvency and Bankruptcy Board of India and the NCLT to provide nationwide data on pending applications and reasons for the hold-ups. This action follows a two-year delay in approving a plan for AVJ Developers.

21 Apr 2026 12:24 am
UAE hotels find peace in war, go for renovations and upgrades

Premium hotels in Dubai are undertaking renovations. This is happening due to a slowdown in tourist numbers. Some hotels will close for up to 18 months. Others are pausing restaurant operations. Industry experts expect more luxury properties to follow. This strategy aims to minimize revenue disruption. It also prepares for future demand upcycles.

21 Apr 2026 12:23 am
SC asks NCLAT to take decision on 14 housing projects of debt-ridden Supertech

The Supreme Court has directed the NCLAT to quickly decide on merging Supertech's remaining 14 housing projects. This move aims to ensure project completion and resolve homebuyers' long-standing issues. The NCLAT will hear all stakeholders, including land agencies and farmers. This follows a previous order for NBCC to complete 16 other Supertech projects.

21 Apr 2026 12:16 am
Telcos test waters with smaller tariff hikes before big one

Bharti Airtel, Vodafone Idea and Reliance Jio are changing their prepaid plans. Airtel has increased prices and added streaming subscriptions. Vodafone Idea is restructuring plans, especially for 5G. Jio reduced validity on a basic plan but also added OTT benefits. These moves aim to boost revenue without direct tariff hikes.

21 Apr 2026 12:14 am
Room with a view! More branded hotels check into state capitals

Branded hotels are set to expand across India's state capitals. Patna alone will see its branded hotel pipeline grow to eleven. Across the country, an estimated 60,253 new hotel rooms are expected in the next five years. Cities like Lucknow, Kolkata, Shimla, and Raipur are also anticipating new hotel developments.

21 Apr 2026 12:08 am
Manipur shutdown disrupts life after minors killed in Bishnupur attack

Normal life in Manipur's valley districts faced disruption on Monday. This followed a five-day shutdown called by civil society groups. They demand strict action for a bomb attack that killed two minors. Naga organizations also announced a three-day shutdown. The Manipur government appealed for the withdrawal of the shutdown. Educational bodies and markets remained closed. Public transport stayed off roads.

21 Apr 2026 12:02 am
Quote of the day by Socrates: I cannot teach anybody anything. I can only make them think. To find yourself, think for yourself.

Socrates, an Athenian philosopher, transformed Western thought by focusing on the human soul and self-discovery. His teachings, though unwritten, emphasized critical thinking and personal integrity. This approach remains vital today, encouraging independent thought amidst information overload. Socrates' life and death exemplify his commitment to truth and ethical bravery, making him an enduring figure.

21 Apr 2026 12:01 am
600 million barrels gone, gas +47%, jet fuel +100%: is the global energy crisis 2026 from US Iran war about to trigger inflation shock and global recession?

The global energy crisis 2026 is intensifying fast. Over 600 million barrels of oil supply are now lost, triggering a historic oil shock. The crisis is linked to tensions around the Strait of Hormuz, a key global energy route. US gas prices have surged 47% since December. Inflation is now nearing 4% again. Europe is facing a jet fuel spike above 100%, raising flight disruption risks. This global energy crisis 2026 is pushing oil prices higher worldwide. Supply chains are tightening. Energy infla

21 Apr 2026 12:00 am
West Bengal assembly elections 2026: Jobs, migration, welfare schemes dominate poll narrative in Purulia

Purulia's political future is being shaped by a fierce contest between the BJP and Trinamool. The BJP aims to build on its past successes, while Trinamool seeks to regain ground. Key issues include unemployment and agrarian distress. Government welfare schemes are a major focus for voters. This district is crucial for both parties' electoral ambitions.

20 Apr 2026 11:58 pm
Delhi HC rejects Arvind Kejriwal recusal plea, cites no bias

Justice Swarana Kanta Sharma refused to step down from hearing Arvind Kejriwal's excise police case. She stated Kejriwal's claims were based on speculation and lacked proof. The judge emphasized that recusal could erode public trust in the judiciary. She also addressed concerns about her family's government roles, stating no conflict was demonstrated.

20 Apr 2026 11:58 pm
Nervous before your first date? 10 Affirmations to feel confident, calm and truly yourself

In the moments before a first date, it is easy to get caught up in doubts. Affirmations offer a simple yet effective way to centre oneself, build confidence and approach the experience with clarity. By choosing to focus on self-worth and positivity, individuals can transform nervous energy into excitement, making space for genuine connection.

20 Apr 2026 11:57 pm
ECI identifies over 8,000 'super sensitive' poll booths across West Bengal

As West Bengal gears up for elections, authorities have identified more than 8,000 polling booths deemed sensitive. In a proactive approach to maintain order, police have arrested 135 individuals. To bolster security, an innovative AI system is overseeing the voting process, designed to thwart booth disruptions.

20 Apr 2026 11:57 pm
India in touch with Iranian authorities for safe exit of its ships through Strait of Hormuz: MEA

India is actively engaging with Iran to ensure the safety of its ships. Two Indian vessels recently reported a firing incident in the Strait of Hormuz. The government has conveyed its deep concerns to the Iranian ambassador. India prioritizes the security of its seafarers and commercial shipping.

20 Apr 2026 11:53 pm
US copies Iran's famous Shahed drone? $35,000 suicide drone spotted in war for first time

The US has started using a new low-cost drone called LUCAS in war. It looks similar to Irans Shahed drone but has better control and flexibility. The drone can change targets mid-air and work in groups. Experts say it is cheap and useful for small attacks, helping the US military create pressure on enemy positions without using expensive missiles.

20 Apr 2026 11:53 pm
Quote of the day by Emma Stone: Just because I dont have a college degree doesnt mean I am not smart Lessons on intelligence, confidence, self-worth and success by La La Land actress

Quote of the day by Emma Stone: Just because I dont have a college degree doesnt mean I am not smart, Emma Stones inspiring quote highlights a powerful message about intelligence beyond formal education. Her words encourage people to value their own abilities, trust their unique paths, and understand that intelligence exists in many forms beyond traditional education systems.

20 Apr 2026 11:52 pm
Market rotation alert: Why are investors dumping S&P 500 Equal-Weight ETF (RSP) while Mag 7 surge drives S&P 500 Index (SPX) to new highs?

S&P 500 Equal Weight ETF outflow April 2026: Investors are changing their strategy. Money is moving out of the Invesco S&P 500 Equal Weight ETF. This fund is seeing its biggest outflows ever. Investors are now favouring large companies, especially the Mag 7 group. The S&P 500 index is performing strongly, crossing the 7,000 mark.

20 Apr 2026 11:49 pm
India's premium liquor boom defies global slowdown

India's demand for premium liquor is surging. This trend defies global patterns where consumers are buying less expensive options. Despite a worldwide decline in alcohol sales volume and value, India saw growth. This indicates a strong consumer preference for prestige whiskies and premium white spirits.

20 Apr 2026 11:48 pm
Psychology of people who cant say no: Hidden reason behind always saying yes even if you don't want to

The psychology behind always saying yes reflects a complex mix of emotional needs, past experiences, and social conditioning. Often linked to people-pleasing tendencies or a fawning response, this behaviour typically stems from a desire for safety and acceptance.

20 Apr 2026 11:45 pm
Trump vows new Iran nuclear deal will 'guarantee peace', dismisses JCPOA as 'road to nuclear weapon'

On Truth Social, Donald Trump has not held back in sharing his critical views on Iran's nuclear deal landscape. He proclaimed that a fresh nuclear agreement would be far superior to the 2015 JCPOA, a pact he regards as a monumental failure.

20 Apr 2026 11:39 pm
Supreme Court to seek Calcutta HC Chief Justice's report on tribunal functioning

The Supreme Court is seeking a report from the Chief Justice of the Calcutta High Court. This is regarding the functioning of appellate tribunals for West Bengal electoral rolls. The court ordered that voters cleared by these tribunals before elections can vote. Elections are scheduled for April 23 and April 29.

20 Apr 2026 11:38 pm
Trump says truce unlikely to be extended as he aims to seal Iran deal

President Trump indicated he's unlikely to extend the Iran ceasefire, urging negotiators to finalize a deal by Wednesday evening Washington time. He reiterated the Strait of Hormuz blockade will remain until an agreement is signed, despite rising oil prices and market volatility.

20 Apr 2026 11:17 pm
Global strategic oil inventory totaled 2.5 billion barrels at end of 2025, EIA says

Global strategic oil reserves reached 2.5 billion barrels by year-end. China, the United States, and Japan hold the largest stockpiles. The US is releasing oil to lower prices. Other nations also maintain significant reserves. China notably increased its reserves in recent years.

20 Apr 2026 11:16 pm
Bain Capital sole contender for Vitabiotics buy

TPG, EQT chose to opt out from final bids. UKs largest nutraceutical company with operations in India, UK, China exports to 100 countries. Company was originally valued at 900 mn.

20 Apr 2026 11:15 pm
RBI plans to remain nimble to prevent persistent supply shock amid West Asia crisis

Reserve Bank of India Governor Sanjay Malhotra addressed global challenges at Princeton University, stressing upon agile monetary policy to counter supply shocks from West Asia. The focus is on preventing inflation from becoming persistent. Prudent fiscal management and domestic production also play key roles, he said.

20 Apr 2026 11:03 pm