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The Economic Times

Economy / The Economic Times

Russian drone factory chief wounded in car blast: State media

The head of a Russian drone factory was seriously injured in a car explosion. Vladimir Tkachuk, 35, is in intensive care after the incident near Yekaterinburg. His company produces drones used in the conflict in Ukraine. This follows another attack on a Russian defense official last week. Ukraine has not commented on the latest incident.

5 Aug 2026 5:05 pm
Services hit as Maharashtra resident doctors begin strike over registration of homoeopaths

Resident doctors in Maharashtra have begun an indefinite strike. This action protests the government's decision allowing homoeopaths to prescribe allopathic medicines. Outpatient department services are significantly impacted across state medical colleges. Doctors demand the immediate suspension of this new registration process. Emergency services will be withdrawn if dialogue does not commence soon.

5 Aug 2026 5:05 pm
SpaceX rocket crashes on the Moon joins a surprising list of objects humans have left on the lunar surface

A SpaceX rocket has crashed on the Moon's surface. This event adds to the growing collection of human-made debris on the lunar landscape. Decades of missions have left behind equipment and discarded rocket stages from various space programs. Recent years have seen an increase in unintended crashes from lunar exploration missions. Managing space debris is becoming a significant challenge for future lunar endeavors.

5 Aug 2026 5:01 pm
Mark Zuckerberg apologises to Indian govt over child sexual abuse material and deepfake content

Meta CEO Mark Zuckerberg on wednesday apologised for the presence of child sexual abuse material (CSAM), deepfake content and operational shortcomings on the company's platforms, acknowledging lapses in content moderation and platform management, according to PTI sources.

5 Aug 2026 4:53 pm
School holiday tomorrow, August 6: Will schools remain closed as IMD issues heavy rainfall alerts for several states?

School holiday tomorrow, August 6: On August 6, various regions in India are set to experience heavy to extremely heavy rainfall, prompting local authorities to remain vigilant. Although there is no nationwide holiday planned, school closures will be addressed at a district level. Residents in Delhi-NCR and Kerala should keep a close eye on official advisories to remain informed, as decisions will depend on real-time rainfall updates and safety assessments.

5 Aug 2026 4:53 pm
Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law

The Lok Sabha approved a Bill to update evidence laws for digital records. This legislation replaces an old British-era act for modern banking needs. The Finance Minister introduced the Bankers' Books Evidence Bill, 2026. Opposition members continued their protests during the Bill's passage. The new law aligns with current digital banking practices and dependencies.

5 Aug 2026 4:53 pm
Rajya Sabha approves Supreme Court (Number of Judges) Amendment Bill, 2026

Parliament has approved a bill to increase the Supreme Court's judge count. The Rajya Sabha passed the legislation, raising the total to 38 judges. This move aims to strengthen judicial capacity and address case backlogs. The Lok Sabha had previously passed the bill without any debate. The amendment revises the Supreme Court (Number of Judges) Act.

5 Aug 2026 4:52 pm
4-ton, school-bus-size SpaceX rocket stage crashes into the Moon at 5,400 mph after drifting through space for months. Heres what scientists hope to learn

A 4-ton SpaceX Falcon 9 rocket stage drifting through space since 2025 was expected to crash into the Moon at 5,400 mph, raising fresh questions about lunar space junk. The school-bus-size rocket stage was expected to slam into the Moon's western limb, potentially kicking up a plume of lunar dust.

5 Aug 2026 4:51 pm
A 35-year-old man does 3-hour workout. Next day, his urine turns dark and he dies of cardiac arrest: Doctor explains what went wrong

A 35-year-old man reportedly suffered cardiac arrest after an intense workout following months of inactivity. A doctor explains rhabdomyolysis as the reason behind the shcoking incident. Here are warning signs and risks gym goers should keenly watch.

5 Aug 2026 4:33 pm
In 1869, Civil War veteran John Wesley Powell and nine others entered the unmapped Grand Canyon. What they discovered transformed geology

John Wesley Powell led a daring expedition down the Colorado River in 1869. He navigated violent rapids and towering canyon walls, documenting geological formations. Powell's observations revealed the Grand Canyon's gradual formation over millions of years. His detailed scientific record laid the foundation for future geological studies. This exploration significantly advanced understanding of Earth's ancient history.

5 Aug 2026 4:30 pm
Cabinet Secretary T V Somanathan, Home Secretary Govind Mohan get one-year service extension

The Centre has extended the tenures of Cabinet Secretary T V Somanathan and Home Secretary Govind Mohan. Both senior bureaucrats will continue in their posts beyond their scheduled retirement dates. The Appointments Committee of the Cabinet approved these one-year extensions for both officials. These extensions are granted by relaxing specific provisions of service rules.

5 Aug 2026 4:28 pm
No voter deletion in SIR over missing 2002 electoral roll information: Delhi CEO

Delhi's Chief Electoral Officer clarified no voter names are deleted automatically. Exclusion from draft rolls only occurs if forms are not submitted or eligibility is lacking. Voters not found in the 2002 list can provide relative details for inclusion. Notices will be issued to voters for document submission by September 23. Final electoral rolls are scheduled for publication on October 27.

5 Aug 2026 4:21 pm
Psychology says emotionally mature people don't always forgive quickly

Psychology says emotionally mature people do not always forgive quickly because meaningful forgiveness requires more than simply saying the words.

5 Aug 2026 4:19 pm
Tata Projects bags Rs 670 cr order from RMZ for Chennai commercial project

Tata Projects secured a Rs 670.24 crore order from RMZ. This contract is for the main civil works of a commercial development. The project involves complete core and shell construction for the Chennai site. It includes civil, structural, and architectural works for the development. This order adds to RMZ's growing Chennai property portfolio.

5 Aug 2026 3:55 pm
Candida auris: Deadly drug-resistant fungus spreads across 23 US states; symptoms, risks and all you need to know

Candida auris, a deadly fungus, has spread across twenty-three states in the United States. This invasive yeast causes severe and sometimes fatal infections, particularly in vulnerable patients. The fungus spreads easily in healthcare facilities and is resistant to many disinfectants. Some strains are multidrug-resistant, making treatment extremely challenging for infected individuals. Public health officials are urging sustained vigilance due to increasing case counts annually.

5 Aug 2026 3:42 pm
School-bus-size object from SpaceX rocket believed to have crashed into moon's Einstein Crater

A discarded second stage of a SpaceX Falcon 9 rocket was expected to crash into the Moon early Wednesday after drifting in space since a January 2025 lunar mission. The 4-tonne rocket body, travelling at about 8,690 kmph, was projected to strike the Moon's Einstein Crater, though confirmation of the impact was expected only after scientists analysed telescope images.

5 Aug 2026 3:39 pm
Ravi Kishans luxurious Rs 20 crore Mumbai double-duplex home has a double-height terrace, gym and stunning interiors; Inside Laapataa Ladies actor's Goregaon residence

Ravi Kishan's lavish home in Goregaon boasts an impressive area of eight thousand square feet, with a approx value of twenty crore. This Mumbai residence showcases sophisticated interiors and features a lush green terrace oasis. Apart from sharing the house with his wife Preeti and their four children, it also includes a gym and workspace, along of pet birds and dogs.

5 Aug 2026 3:30 pm
Chinese proverb of the day: He who plants a garden, plants happiness - A timeless life lesson on nurturing joy and hope through simple things

Chinese proverb of the day: Engaging in small gestures of kindness and patience fosters a deeper level of inner peace and satisfaction. The art of gardening serves as a powerful metaphor for nurturing our lives, imparting vital lessons on patience and growth. This wisdom implores us to adopt a slower pace, commit to hands-on activities, and treasure everyday experiences.

5 Aug 2026 3:28 pm
For the first time, Maharashtra lets homeopathy doctors prescribe modern medicines; IMA calls strike, warns of bigger agitation

Maharashtra has made a groundbreaking decision, permitting homeopathy practitioners to prescribe conventional medicines after completing a designated training program. This change has sparked widespread protests by medical associations, voicing their worries about patient safety and medical standards. Conversely, homeopathic doctors view this as a long-sought achievement. The Maharashtra Medical Council is actively registering those eligible within this new system.

5 Aug 2026 3:26 pm
WGC pushes for strategic mineral status for gold to up domestic mining, reduce imports

The World Gold Council wants gold classified as a strategic mineral. This classification would streamline mining approvals and reduce import dependence. Central banks are expected to continue buying gold amid global uncertainties. India's vast household gold holdings could be monetized to cut imports. Simplifying gold monetization frameworks will unlock significant domestic economic value.

5 Aug 2026 3:23 pm
364 metric tonnes of banned Pakistan-origin dates seized at Kandla, routed via UAE to bypass ban

DRI seizes 364 metric tonnes of Pakistan-origin dry dates worth 3 crore at Kandla Port after importers allegedly declared them as UAE goods. This is second such incident in a week when DRI has seized banned item from Pakistan on an Indian port.

5 Aug 2026 3:23 pm
'I thought he would never walk again': How Sreeshankar Murali overcame a career-threatening knee injury to win Commonwealth silver

Sreeshankar Murali achieved a silver medal at the Commonwealth Games after a severe knee injury. His father described the comeback as incredibly difficult, comparing it to simultaneous IIT and Civil Services preparation. Doctors initially feared he might never walk again following the patellar tendon tear. He underwent knee reconstruction surgery in Doha and an extensive rehabilitation program. Now, Sreeshankar focuses on upcoming competitions, including the Asian Games in Japan.

5 Aug 2026 3:18 pm
Quote of the day by Ariana Grande: One of the most terrible feelings in the world is knowing that someone else does not like you - A lesson on self-worth and overcoming the need for external validation

Quote of the Day by Ariana Grande: Ariana Grande's quote emphasizes inner peace over external validation. She shared this insight in a 2012 blog post addressing online bullying. Her recent album Petal sparked fan concerns about her appearance and health. Grande stated her social media hiatus was a planned break for personal well-being. Her message encourages self-acceptance despite public scrutiny and judgment.

5 Aug 2026 3:12 pm
Shift from production to agri-food value chains key to raise farm incomes: ICAR's Jat

Jat also said that womens empowerment in the agri-food sector is a strategic imperative, not just an equity issue, for sustainable growth and global stability.

5 Aug 2026 3:08 pm
Parliament must function smoothly: PM Modi to BJP MPs at breakfast meeting

Prime Minister Narendra Modi hosted a breakfast meeting with thirty-seven BJP MPs. He stressed the importance of Parliament functioning smoothly and without disruption. MPs were encouraged to spend time in the Parliament library daily. They should also engage with youth and implement local development schemes. This meeting provided an opportunity for direct interaction with the Prime Minister.

5 Aug 2026 2:53 pm
Quote of the day by India's bard Rabindranath Tagore: 'You cannot cross the sea merely by standing and staring at the water' ; life lessons on how dreams alone can't draw duccess, it needs to be supported by effort from Nobel Prize-winning poet

Success is not and has never been easy. It does not come without any effort. To accomplish your goals you need to support your lfelong dreams and cherished goals with relentless hard work. Years ago, India's bard Rabindranath Tagore urged people to work hard to make their dreams a reality.

5 Aug 2026 2:52 pm
Psychology says people who fear being oo much often learned to suppress their needs early in life

Psychology says people who fear being oo much often develop this belief after experiences that taught them to suppress or question their emotional needs.

5 Aug 2026 2:52 pm
India may charge gas users to fund planned $42 billion fuel reserves, sources say

India is considering levies on cooking gas and natural gas consumers to fund a proposed $42 billion multi-fuel strategic reserve programme aimed at strengthening energy security after supply disruptions during the Iran conflict. The plan would expand strategic reserves beyond crude oil to include LNG and LPG storage for the first time.

5 Aug 2026 2:52 pm
Spotify Premium users in India now get travel, shopping discounts and exclusive music events

Spotify Premium subscribers in India now receive exclusive lifestyle benefits. These rewards include discounts from popular brands like MakeMyTrip and Nykaa. Premium members can also access invite-only music events and listening sessions. This initiative transforms Spotify Premium into a membership with added lifestyle advantages.

5 Aug 2026 2:48 pm
Novo CEO says setbacks demand faster research, acquisitions as investors fret over pipeline

Novo Nordisk CEO Mike Doustdar said the company will speed up research and pursue smaller acquisitions to strengthen its drug pipeline after recent trial setbacks. The company raised its 2026 sales and profit outlook, but shares fell as investors focused on weaker-than-expected Wegovy pill sales and another setback for obesity drug CagriSema.

5 Aug 2026 2:46 pm
Andhra govt eyes up to Rs 9 lakh crore investment in Visakhapatnam Economic Region

The Andhra Pradesh government plans to attract Rs 9.3 lakh crore for the Visakhapatnam Economic Region. State investment will range from Rs 3.5 lakh crore to Rs 4 lakh crore. Private sector investment is expected to reach Rs 5.3 lakh crore for this ambitious project. Key sectors for development include AI, ports, tourism, and clean energy initiatives. The project aims for micro-level planning across the entire Visakhapatnam region.

5 Aug 2026 2:43 pm
Is your AI partner a gold digger? 5 signs to spot romance scam bots

AI companions are becoming increasingly realistic, making it easier than ever for scammers to exploit emotions and trust. Romance scam bots can manipulate users into sharing money, personal information or sensitive data through seemingly genuine conversations. Here are five warning signs to help you identify AI-powered romance scams and stay safe online.

5 Aug 2026 2:31 pm
Rs 9 lakh human refrigerator from Japan can cool your body faster than traditional ACs

In a bid to combat extreme temperatures, a Japanese firm has unveiled an innovative 'human refrigerator' booth. This cutting-edge stainless-steel unit cools users by unleashing chilled air on essential body areas at a refreshing 15C. Energy-efficient and user-friendly, it boasts adjustable settings and a twenty-minute automatic shutoff for safety. Several booths have already been deployed in public spaces throughout Japan.

5 Aug 2026 2:30 pm
Akasa Air backs plan to let airport operators own airlines: CEO Vinay Dube

Akasa Air's CEO supports airport operators owning airlines, emphasizing India's need for more aviation competition. He is confident the government will consider all factors before making a final decision. IndiGo's co-founder expressed concerns about potential conflicts of interest with such a proposal. The Indian aviation market is experiencing rapid growth and needs diverse airline options. The government remains committed to supporting both existing and new airline operators.

5 Aug 2026 2:07 pm
Indian refiners buy Middle East and West African crude, sources say

Indian refiners have stepped up crude oil purchases, with Mangalore Refinery and Petrochemicals buying 1 million barrels of Oman crude through a tender, according to trade sources. The cargo was purchased at a premium of about $3 a barrel over dated Brent, with Mitsui & Co Energy Trading Singapore identified as the seller.

5 Aug 2026 2:02 pm
He turned a Rs 15k internship into a Rs 25 LPA offer in 2.5 years in Singapore. His classmate asks, What if I had continued coding?

Techie Rutuja shared her classmates remarkable career journey, from a Rs 15,000 monthly internship to a Rs 25 LPA offer from a Singapore-based company in just 2.5 years. His salary rose from Rs 7 LPA to Rs 9 LPA and then Rs 14 LPA before the latest offer. While celebrating his success, Rutuja admitted it made her wonder whether she could have reached similar heights if she had continued coding.

5 Aug 2026 1:58 pm
Strong El Nio could push 49 million more people into acute hunger, UN agency says

A powerful El Nino may push nearly 49 million more people into food insecurity. This event carries an 81% chance of being very strong, impacting vulnerable regions. Central America and Southern Africa face the most severe increases in food insecurity. Global food markets are strong, but conflict and crop losses could raise prices. Reduced funding hampers monitoring efforts, making crisis identification more difficult.

5 Aug 2026 1:55 pm
Lok Sabha Secretariat director Gaurav Gautam found dead at Noida home; 'note' mentioning a loan recovered

A Lok Sabha Secretariat director was found dead in his Noida apartment. Police discovered a purported suicide note referencing a loan during their investigation. The deceased, Gaurav Gautam, was discovered by his wife after she returned home. Medical professionals confirmed his death upon arrival at a local hospital. Authorities are continuing their examination of the recovered note and evidence.

5 Aug 2026 1:54 pm
Plea on consumers 'right to know': Supreme Court grants six weeks to states, others to file responses

The Supreme Court granted states six weeks to file responses on a consumer 'right to know' plea. This plea seeks to inform consumers about product quality, purity, and seller details. Several states and Union Territories have yet to submit their required responses. The court is considering the importance of informed consumer choices and protection.

5 Aug 2026 1:54 pm
Euro zone services revival drives activity in July but outlook clouded by Iran war, PMI shows

Euro zone business activity reached an eight-month high in July. Services activity rebounded, joining a strengthening manufacturing sector. Overall new orders saw their fastest pace since November. Employment stabilized after a six-month period of job losses. Input cost inflation eased to a five-month low.

5 Aug 2026 1:53 pm
India needs more world-class exhibition infrastructure, say experts on sidelines of Singapore industry forum

The experts, who spoke at the sidelines of an industry event in Singapore, argued that partnerships between Indian companies and international exhibition organisers would help attract more overseas exhibitors and visitors while supporting exports in line with the government's Make in India initiative.

5 Aug 2026 1:51 pm
Commerce ministry notifies norms for inventory-based e-commerce exports

New Delhi has notified procedures for online companies undertaking cross-border e-commerce. The government recently allowed foreign-stakes e-commerce firms to hold inventory for exports. Operational procedures for this framework are now notified with immediate effect. These include registration, inventory management, and dispute resolution mechanisms. The Directorate General of Foreign Trade issued this public notice.

5 Aug 2026 1:49 pm
Hyderabad-based company donates Rs 2 crore to TTD's SV Pranadana Trust

A generous donation of two crore rupees has been made by a Hyderabad-based company to the TTD's SV Pranadana Trust, aimed at providing free medical aid to patients battling severe illnesses. The donation documents were formally presented to TTD additional executive officer Ch Venkaiah Chowdary. Since its establishment in November 2001, the trust has played a vital role in facilitating essential medical treatments for those in need.

5 Aug 2026 1:44 pm
UK PM Burnham considering inquiry into Epstein's UK activities, minister says

British Prime Minister Andy Burnham is considering a public inquiry into Jeffrey Epstein's UK activities. Victims minister Alex Davies-Jones confirmed the government is exploring all possibilities. The scandal has already led to arrests of prominent figures within the establishment. British police are investigating multiple allegations linked to the disgraced financier. The inquiry may also examine accusations against Mohamed al-Fayed.

5 Aug 2026 1:41 pm
India Inc goes on a global shopping spree with a new wishlist

Indian companies are increasingly pursuing strategic overseas acquisitions. They now focus on acquiring capabilities and technology rather than just scale. Stronger balance sheets and global valuation corrections fuel this trend. This shift represents a structural change in corporate growth strategies. Indian firms are sharpening their global competitive edge through these deals.

5 Aug 2026 1:38 pm
South Korea to revive stalled rail project that could connect to North Korea

South Korea will restart a railway project connecting to North Korea's Wonsan city. This project aims to improve access to peace and ecological tourism sites. The government also plans to broaden the use of its Inter-Korean Cooperation Fund. Multilateral talks involving North Korea are currently difficult, according to the foreign minister. Indonesia previously attempted to arrange dialogue between the two Koreas.

5 Aug 2026 1:37 pm