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The Economic Times

Economy / The Economic Times

Too early to comment on US tariff changes; commerce ministry reviewing situation, says FM Sitharaman

India's Finance Minister Nirmala Sitharaman says it is too early to comment on new US tariffs. The Commerce Ministry is reviewing the situation. India and the US have rescheduled trade talks. India continues to pursue trade agreements with various countries. RBI Governor Sanjay Malhotra noted these agreements will help India's current account and investments.

23 Feb 2026 8:26 pm
Keeping watch on development around IDFC First Bank fraud; not systemic issue: RBI Guv

Reserve Bank Governor Sanjay Malhotra stated the central bank is monitoring the Rs 590-crore fraud at IDFC First Bank. He assured it is not a systemic issue. The fraud involved employees and others at a Chandigarh branch in Haryana state government accounts. IDFC First Bank has suspended suspected employees.

23 Feb 2026 8:16 pm
Rahul Gandhi hits out at PM Modi; highlights India-US deal & Epstein files in latest jibe

Rahul Gandhi criticized Prime Minister Narendra Modi on X, alleging his absence from Parliament was due to the Epstein files and the India-US trade deal. Gandhi accused Modi of compromising national data, harming farmers, and the textile industry, while also linking the PM to the Adani case in America.

23 Feb 2026 7:53 pm
Russia-Ukraine war at 4 years: Which country is winning the battle? A look at where do these two countries stand

Around a fifth of Ukraine is contaminated by mines or unexploded ordnance, according to the UN's Mine Action Service. The total cost of reconstruction in Ukraine is estimated at around $588 billion over the next decade, the World Bank reported Monday.

23 Feb 2026 7:49 pm
Quote of the day by Henry Ford: 'If I had asked people what they wanted, they would have said faster horses'

Henry Ford, the founder of Ford Motor Company, once said, If I had asked people what they wanted, they would have said faster horses. This quote highlights the essence of true innovationthinking beyond what people ask for and imagining solutions they havent considered. From building his first Quadricycle to revolutionizing car production with the Model T and assembly line, Fords vision changed transportation and industry forever.

23 Feb 2026 7:48 pm
March 2026 SSI payment worth $994 arriving 3 days early on February 27 who qualifies and why did SSA move the date?

March 2026 SSI payment: Up to $994 SSI payment will arrive February 27, 2026. Not March 1. The Social Security Administration confirms the shift. March 1 falls on Sunday. Federal rules move Supplemental Security Income payments earlier. Maximum SSI benefits are $994 individuals, $1,491 couples, $498 essential persons. This includes a 2.8% COLA increase. No benefits are cut. Total 2026 Social Security and SSI payments remain unchanged.

23 Feb 2026 7:45 pm
Govt targets Rs 16.7 lakh crore for asset monetisation under NMP 2.0

NITI Aayog, on Monday, laid out a roadmap to monetise over 2000 assets across 12 ministries under the National Monetisation Pipeline (NMP 2.0) over a five-year period from 2025-26 to 2029-30. The sectors which are likely to fetch the highest include highways, MMLPs and ropeway followed by power, ports, railways, coal and mines.

23 Feb 2026 7:44 pm
Quote of the day by Robert Frost: 'Happiness makes up in height for what it lacks in length.' Pulitzer Prize-winning poet on true meaning of happiness

Robert Frosts quote, Happiness makes up in height for what it lacks in length, from A Witness Tree, highlights the powerful impact of brief moments of joy. It suggests that the intensity and depth of happiness, rather than how long it lasts, are what truly enrich our lives. This perspective encourages us to value meaningful, short-lived experiences that provide genuine emotional uplift and lasting motivation.

23 Feb 2026 7:43 pm
Word of the day: Chaperone

Chaperone meaning: The word chaperone has a rich history. It means a person who supervises younger individuals. This term comes from French and was used to describe a protective companion. Today, chaperones ensure proper behavior at social events. The popular show Bridgerton also features chaperones. The word's meaning has evolved over time.

23 Feb 2026 7:37 pm
India's TEXMiN, Russia's GIREDMET ink pact to ramp up rare earth, critical mineral technologies

India and Russia are joining forces to advance rare earth and critical mineral technologies. TEXMiN Foundation and GIREDMET will collaborate on mining, extraction, and material development. This partnership aims to boost India's self-reliance in strategic sectors. Joint research will focus on permanent magnets, high-purity metals, and battery recycling.

23 Feb 2026 7:35 pm
HFCL, IIT Delhi launch research push to cut India's dependence on imported optical technology

India is boosting its advanced optical communication capabilities as HFCL Limited partners with IIT Delhi on a government-backed project to develop hollow-core fiber technology. This innovation, crucial for next-gen networks like 6G and quantum communication, promises reduced signal latency and energy use. HFCL's manufacturing prowess will help translate lab breakthroughs into commercial reality.

23 Feb 2026 7:31 pm
Around 90 pc of cough syrup manufacturers audited, expect to eliminate the 'rot' by next year: CDSO official

Speaking at the 11th edition of the Global Pharmaceutical Quality Summit here, he also said that the companies' sites are now being audited by both the state and the Central regulator under the revised norms for good manufacturing practices and requirements.

23 Feb 2026 7:15 pm
NYC Snow Day: Will schools reopen tomorrow in New York? Here's what you need to know

New York City schools enjoyed a traditional snow day Monday, a rare occurrence since the pandemic shifted to remote learning. Mayor Mamdani's decision for Tuesday's classes remains undecided, with an announcement expected later today. A significant blizzard warning is in effect, forecasting heavy snow and strong winds across the city and surrounding areas.

23 Feb 2026 6:49 pm
Up to $2,500 on the line: Final weeks to file a claim in DoorDash payout settlement

Up to $2,500 per restaurant is available in the Chicago DoorDash settlement, with a March 30, 2026 deadline. Eligible Chicago restaurants with nine or fewer locations can file a claim if they were listed on DoorDash or Caviar without a contract between August 27, 2019 and November 14, 2025. Payments go out by June 2026. DoorDash did not admit wrongdoing. File the attestation form now to secure settlement money.

23 Feb 2026 6:47 pm
India, Israel may sign FTA by this year, Israeli envoy to India

As Prime Minister Narendra Modi touches down in Israel this week, a wave of optimism accompanies discussions poised to transform bilateral relations. The focus will be on bolstering defense collaborations and renewing security agreements. On the economic front, negotiations for a Free Trade Agreement are anticipated to gain momentum this year.

23 Feb 2026 6:42 pm
BTC, ETH and XRP price prediction: Will Bitcoin move towards $66,000, Ethereum $1,950 and Ripple $1.50 in next jump? Here's cryptocurrency market prediction, analysts insights and market outlook explained

BTC, ETH and XRP price prediction remains under focus as cryptocurrency markets fall due to tariffs, liquidations, and macro pressure. Bitcoin trades near $64,780, Ethereum near $1,860, and XRP near $1.33. Analysts watch support levels, liquidation data, and market capitalization near $2.17 trillion for trend direction and recovery signals ahead.

23 Feb 2026 6:39 pm
Domino's Pizza Best Deal Ever at $9.99 helps DPZ share price jump, beat Wall Street estimates

Domino's Pizza fast-food rivals such as burger giant McDonald's and Taco Bell-parent Yum Brands have also launched value meals, intensifying competition to attract budget-conscious customers amid weak global demand.

23 Feb 2026 6:38 pm
PM Modi's 'Zero Defect, Zero Effect' vision is the core of India's manufacturing push: Piyush Goyal

India's manufacturing and exports must prioritize quality, Union Minister Piyush Goyal stated. This focus aligns with Prime Minister Narendra Modi's vision for a 'zero defect, zero effect' economy. India aims for a USD 30-35 trillion economy by 2047, built on quality, sustainability, and inclusivity. This initiative seeks to elevate Brand India's global reputation for reliability and trust.

23 Feb 2026 6:36 pm
NBCC proposes to develop 139-acre island in Seychelles

NBCC is in discussions to develop 139 acres of an island in Seychelles, planning affordable housing, leisure, hospitality, and premium villas. A high-level Seychelles delegation, led by Vice President Sebastien Pillay, met with NBCC officials, expressing confidence in the company's capabilities after a presentation showcasing their successful social housing project in the Maldives.

23 Feb 2026 6:30 pm
School Assembly News Headlines February 24: Top national, world, business and sports updates

February 24 News: February 24th's school assembly news highlights include national political debates, economic shifts like duty benefit cuts for exporters, and international events such as South Sudan aid lures. Sports news features BCCI appointments and athlete qualifications for major games, offering a comprehensive update for students.

23 Feb 2026 6:30 pm
Aviation ministry actively considering issues related to surge in airfares during festivals: Centre

The Indian government is actively considering new rules for air ticket prices. The Supreme Court has called the issue of unpredictable airfare hikes serious. The Ministry of Civil Aviation is deliberating on the matter. The court has given the Centre four weeks to conclude its discussions. This follows concerns about airlines exploiting passengers with sudden price increases, especially during festivals.

23 Feb 2026 6:29 pm
Boyfriend-girlfriend struggles with different views on saving money months before wedding. Should finances be separate or combined?

A couple preparing for their wedding is facing tension over money after differing views on saving and donating emerged. The 30-year-old man wants to build a financial safety net before giving to charity, while his 27-year-old girlfriend, from a wealthy family, prioritizes donating most of her income. Reddit users weighed in, highlighting how financial habits and money mindsets can strain relationships, and suggested honest conversations and temporary shared living to test compatibility before ma

23 Feb 2026 6:24 pm
After IDFC fraud disclosure, government deposits may tilt toward PSU banks

Private banks face potential deposit pressure after a fraud in Haryana government accounts at IDFC First Bank. Analysts predict a shift of low-cost CASA deposits to public sector banks, impacting their agency commission income. AU Small Finance Bank also saw a decline in Haryana government deposits following de-empanelment.

23 Feb 2026 6:16 pm
HPPCL declares Patel Engineering as lowest bidder for Rs 910 crore dam project

Patel Engineering has emerged as the lowest bidder for Package 1 of Himachal Pradesh's Renuka Ji Dam project, valued at Rs 910.08 crore. This crucial development, set to be completed in 30 months, involves constructing three significant diversion tunnels. The project aims to boost water storage and hydropower generation, reinforcing Patel Engineering's expertise in infrastructure development.

23 Feb 2026 6:10 pm
Trump says US Supreme Court ruling expanded his tariff powers, allows powerful, obnoxious use of duties

Former President Donald Trump asserted that a recent Supreme Court ruling has inadvertently expanded his authority to impose and utilize tariffs more aggressively. He claimed the decision grants him significantly more power and legal certainty to deploy tariffs in a powerful and obnoxious manner against foreign nations.

23 Feb 2026 6:06 pm
School closing and delays, NJ travel ban, state of emergency declared: Millions in New York City stuck at home, 5,300 flights canceled, bomb cyclone alert

US Weather Forecast, flight status: More than 5,000 flights in and out of the United States were canceled for Monday, according to the flight tracking website FlightAware.

23 Feb 2026 6:05 pm
Videos of CJNG cartel members creating havoc in Mexico after El Menchos death go viral

Shocking videos showing burning vehicles, blocked highways, and panicked civilians flooded social media after the death of Nemesio Rubn Oseguera Cervantes, widely known as El Mencho. The dramatic scenes followed a high-stakes military operation targeting the head of the Jalisco New Generation Cartel (CJNG), one of Mexicos most powerful and violent criminal groups.

23 Feb 2026 6:01 pm
7 Indian dinners you can make in under 15 minutes

Master the weeknight rush with these seven Indian dinner ideas that take only 15 minutes. From high-protein Paneer Bhurji to instant Masala Poha, this story provides practical, flavorful solutions for busy professionals and families looking for authentic Indian taste without the long hours in the kitchen.

23 Feb 2026 5:58 pm
Pinch of cinnamon on fruit bowl? Nutritionist says eating your fruits this way may help regulate blood sugar & gut health

Cinnamon Health Benefits: A nutritionist highlighted cinnamon as a health hack for fruits, explaining it aids blood sugar control by supporting glucose absorption into cells. This common spice also boasts antioxidants and polyphenols beneficial for digestion and gut health, while enhancing natural sweetness without added sugar.

23 Feb 2026 5:56 pm
Is Elon Musk on the verge of buying the Seattle Seahawks? Reports spark speculationwhat we know so far

Social media buzz surrounds Elon Musk's alleged interest in buying the Seattle Seahawks, with a viral post claiming his intent. However, credible reports confirm the NFL franchise is officially for sale by the Paul G. Allen Estate, but no verified evidence links Musk to advanced acquisition talks. Speculation remains fan conjecture rather than confirmed fact.

23 Feb 2026 5:55 pm
Hindustan Zinc signs MoU with Tripura Group to operationalize manufacturing unit in Rajasthan

Hindustan Zinc and Tripura Group have signed an agreement to develop a Zinc Park in Rajasthan. This initiative aims to create India's first integrated downstream industrial hub for zinc. The partnership will ensure raw material supply and offtake arrangements. The project seeks to attract investments, create jobs, and boost manufacturing in the region.

23 Feb 2026 5:54 pm
Samvardhana Motherson inaugurates automotive lighting plant in Sanand

Samvardhana Motherson International has opened a new manufacturing plant in Sanand, Gujarat. This facility will produce exterior lighting systems for cars. It is a joint venture with Marelli. The plant strengthens Motherson's automotive component capabilities. It will deliver advanced lighting solutions for customers.

23 Feb 2026 5:51 pm
Torrent Group ventures into diagostics business, opens lab in Navi Mumbai

Torrent Group has entered the diagnostics market. They have launched Torrent Diagnostics and opened India's largest National Reference Laboratory in Navi Mumbai. This 100,000 sq ft facility supports 15 diagnostic disciplines and over 3,500 tests. It offers advanced capabilities like Next Generation Sequencing and BSL-3 containment. The lab is staffed by a skilled scientific and technical team.

23 Feb 2026 5:51 pm
Thought of the day by Astronaut Jim Lovell: There are people who make things happen, there are people who watch things happen, and

Thought of the day by Jim Lovell shows that success is rarely accidental. It is built by those who choose to engage, to lead and to make things happen rather than merely wonder what happened.

23 Feb 2026 5:51 pm
7 leftover roti recipes that dont feel like last-night's

Stop reheating and start reinventing with these seven innovative leftover roti recipes. From crispy Desi Nachos and savory Roti Noodles to sweet Roti Ladoos, this story shows you how to transform dry flatbreads into gourmet meals, ensuring zero waste and maximum flavor in your 2026 kitchen.

23 Feb 2026 5:50 pm
US set to decide on tariffs for solar panels from India, Laos & Indonesia amid fair-trade concerns

The US Commerce Department will announce a preliminary decision on imposing duties on solar cells and panels from India, Laos, and Indonesia. This action stems from a trade case filed by a US solar manufacturing group. The department will determine if these countries' companies received unfair government subsidies.

23 Feb 2026 5:44 pm
U.S. dollar loses global reserve currency dominance: IMF data confirms lowest share in 30 years as de-dollarization accelerates is Americas financial power at risk?

The U.S. dollar now holds just 56.32% of global foreign exchange reserves the lowest since 1995. Down from 72% in 2001, central banks managing $12 trillion are quietly diversifying. Gold purchases topped 1,000 tonnes annually for three straight years. BRICS nations are settling trade outside the dollar. America's financial monopoly isn't collapsing but its grip is loosening, one percentage point at a time.

23 Feb 2026 5:44 pm
How many interest rate cuts could the Federal Reserve deliver this year? What markets expect now

Federal Reserve rate cuts 2026: Federal Reserve rate cut expectations for 2026 are shifting. Markets initially anticipated two cuts this year. However, recent inflation data shows a slight cooling. This could lead to more than two quarter-point reductions. Fed officials are acknowledging this possibility. The Fed Funds Futures Market now sees a higher chance of three or more cuts.

23 Feb 2026 5:44 pm
Torrent Group forays into diagnostics with Navi Mumbai mega lab

Torrent Group has launched its diagnostics business. The company has opened India's largest National Reference Laboratory in Navi Mumbai. This facility supports over 3,500 test modalities across 15 disciplines. Torrent aims for a strong scientific foundation and wide test offerings. This marks a significant expansion for the Gujarat-based conglomerate.

23 Feb 2026 5:38 pm
CBSE Class 12 Accountancy exam 2026: Check important topics, preparation tips and last-minute revision strategy

With the Class 12 Accountancy board exam on February 24, 2026, students are in their final preparation phase. Experts emphasize revising high-weightage chapters like Partnership Firms, Companies, Financial Statements, and Ratios, along with crucial formats and adjustments. Maintaining composure and adequate rest are also key for optimal performance.

23 Feb 2026 5:37 pm
MHA releases Indias first anti-terror and cybersecurity policy PRAHAAR to boost national security; know what it is

India has launched its National Counter-Terrorism Policy and Strategy, PRAHAAR. This comprehensive plan focuses on intelligence-led operations and multi-agency coordination. It aims to prevent terror attacks, ensure swift responses, and uphold human rights. The strategy also emphasizes international cooperation and building societal resilience against extremism. India's zero-tolerance policy against terrorism guides this proactive approach.

23 Feb 2026 5:33 pm
Cheesecake Factory Bakery opens first India store in Bengaluru, targets 250 crore revenue in 5 years

The Cheesecake Factory Bakery has made its India debut, opening its first store in Bengaluru through a partnership with The Gourmet Caf. The launch signals a major push into the countrys premium dessert market, with The Gourmet Caf planning 55 outlets nationwide over the next five years backed by a $60 million investment. The move underscores Indias rising appeal as a key market for global food brands.

23 Feb 2026 5:24 pm
Government urges pharma sector to anchor global supply chains via quality, innovation

Union Minister J P Nadda urged India's pharmaceutical industry to lead global supply chains with quality and innovation. India is embracing new technologies for disease detection and diagnostics. Initiatives like Biopharma Shakti and PRIP are boosting manufacturing and research. The nation is committed to regulatory excellence and aligning with global standards. A quality-first approach is key to sustained global competitiveness.

23 Feb 2026 5:22 pm
Why are Bitcoin, Ethereum and Ripple prices down today, and will crypto crash continue or BTC, ETH and XRP finally head for dream levels? Global crypto market crash, analysts insights and market outlook explained. Here's what should investors do now

Why are Bitcoin, Ethereum and Ripple prices down today, and will crypto crash continue or BTC, ETH and XRP finally head for dream levels? Crypto prices fell as Bitcoin dropped below $65,000, Ethereum and XRP declined, liquidations increased, and tariff changes triggered panic. Market support levels will decide recovery or deeper crash soon.

23 Feb 2026 5:21 pm