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The Economic Times

Economy / The Economic Times

JSW MG seeks PHEV tax incentives, targets 70% localisation by 2027

JSW MG Motor India is pushing for lower taxes on plug-in hybrid electric vehicles. The company targets 70% localization for its Windsor and Hector Tomahawk models. Discussions are underway for the next investment phase with Chinese partner SAIC. JSW MG plans to increase its annual vehicle sales significantly in the coming years. The automaker aims to expand its production capacity beyond current plans.

26 Aug 2026 11:17 pm
Onion supply comfortable to meet domestic demand in coming months: Govt

Government assures ample onion supply for upcoming months. Robust production and buffer stocks support domestic demand. Targeted market interventions aim to stabilize seasonal price pressures. Onion exports remain strong to several key destinations. Prices of other essential vegetables and pulses are also stable.

26 Aug 2026 11:10 pm
Rupert Grint returns as Ron Weasley 16 years after the final Harry Potter film

Rupert Grint will portray Ron Weasley in Harry Potter and the Cursed Child on Broadway. He is scheduled to join the production for a limited engagement starting February 2027. This marks Grint's return to the iconic character after many years. The play is set nineteen years after the original Harry Potter book series concluded. Grint will play an older, fatherly version of the beloved wizarding character.

26 Aug 2026 11:03 pm
CJI Surya Kant says allegations against sitting judge must follow institutional process

Chief Justice of India Surya Kant stated allegations against a judge require institutional examination. Justice Sandeep Mehta wrote letters raising concerns about the Rajasthan Acting Chief Justice. The Supreme Court collegium is reviewing the material provided by Justice Mehta. The concerned judge will receive a fair opportunity to respond to allegations. Any administrative action will follow due consideration of all placed material.

26 Aug 2026 11:02 pm
Quote of the day by Elton John: The three hardest words to say arent I love you, they are Life lessons from an inspiring quote by the legendary singer-songwriter on vulnerability, asking for help, self-acceptance, resilience, healing, courage, relationships and personal growth

Quote of the day by Elton John highlights why asking for help is often harder than saying I love you. The idea connects with relationships, setbacks, uncertainty and the pressure to manage difficult moments alone. The article examines lessons about acceptance, self-understanding, courage and knowing when to seek support.

26 Aug 2026 11:01 pm
Japanese textile firms, including Uniqlo, eye higher investment, sourcing from India: Goyal

Japanese textile firms, including Uniqlo, are considering expanding their investments in India. They also plan to source more products from India for their global markets. Minister Piyush Goyal met with Uniqlo's CEO to discuss retail and manufacturing collaborations. Indian businesses are showing interest in meeting Japan's high-quality material and sizing requirements. This engagement signals significant growth opportunities for brands in India.

26 Aug 2026 10:57 pm
At 4, a Japanese girl became fascinated by female DJs on YouTube. By 6, she was performing to packed crowds with a Guinness World Record

DJ RINOKA from Japan made history at just 6 years and 155 days old after her first solo DJ performance earned her a Guinness World Records title. Inspired by female DJs she watched on YouTube, she began learning the craft at 5 and has since performed for large crowds, at music events and alongside experienced DJs. Now 7, she continues to balance her growing DJ career with school and her everyday childhood interests.v

26 Aug 2026 10:55 pm
17-year-old Connecticut student found 2 FDA-approved drugs that could help fight Alzheimers: How his surprising discovery works

A 17-year-old Connecticut student, Leon Wang, identified two FDA-approved lung-scarring drugs that reduced Alzheimers-linked cellular damage in lab-grown brain blood-vessel cells. His research offers a promising new clue into how APOE4 and the TGF pathway may contribute to Alzheimers disease, while raising the possibility that existing medicines could eventually be repurposed for brain health.

26 Aug 2026 10:46 pm
India on track to become third-largest economy despite global crisis: Rajnath Singh

India is among the world's top five economies and will soon reach third place. The nation is strengthening its indigenous defense production capabilities significantly. Defense exports have increased substantially after 2014, reaching new heights. Women now hold prominent leadership roles in defense and development sectors. Citizens are urged to uphold national unity and constitutional values.

26 Aug 2026 10:45 pm
Beginning in the 1930s, America built 29 giant locks and dams across the Mississippi River and they turned a wild river into a massive water staircase

The Upper Mississippi River's navigation was transformed by America's construction of locks and dams in the 1930s. While these aging structures facilitate the annual transport of millions of tons of goods, supporting vital economic activity, they have also inflicted ecological harm on river ecosystems. Current modernization initiatives strive to enhance navigational reliability while simultaneously mitigating environmental impacts.

26 Aug 2026 10:43 pm
In 2025, First Solar began production at a 2.4-million-square-foot Louisiana plant. 1 year later, it can turn raw glass into 12 finished panels every minute

A massive Louisiana solar panel factory operates independently of new import tariffs. This plant produces panels using a unique cadmium telluride semiconductor technology. While free from polysilicon tariffs, it still needs Chinese tellurium for production. The facility is a significant domestic manufacturing hub for solar energy. Its economic viability is bolstered by domestic content requirements in contracts.

26 Aug 2026 10:42 pm
Why does this Kerala temple offer Munch as prasad? Story behind viral tradition

A Kerala temple has attracted online attention for a long-standing tradition in which devotees offer Munch chocolate to Lord Murugan and receive it back as prasad. A recent video has revived interest in the practice, with some viewers sharing memories and excitement, while others questioned the customs religious significance and criticised the chocolate and its packaging.

26 Aug 2026 10:42 pm
In 1968, two Russian steppe tortoises travelled around the Moon before humans did. They survived a punishing 20G force while returning to Earth

In a remarkable journey, two Russian steppe tortoises embarked on a mission aboard Zond 5, orbiting the Moon in September 1968. This pioneering endeavour demonstrated that biological life could endure the challenges of circumlunar spaceflight and successfully return. Despite facing intense gravitational stress during re-entry, the resilient tortoises emerged unscathed, making their voyage a historic precursor to mankind's lunar exploration.

26 Aug 2026 10:37 pm
JSW MG Motor India plans Rs 6,000 cr investment for capacity expansion, operations

JSW MG Motor India will invest Rs 6,000 crore for plant expansion and operations. The Halol plant capacity will double to 2.20 lakh units by January 2028. Discussions continue regarding JSW Group's potential acquisition of an additional stake. The company aims for 35-40 percent annual volume growth in coming years. MG Motor India is commissioning cell-to-pack assembly lines for battery storage.

26 Aug 2026 10:35 pm
'Time to teach Canada you can't do this anymore': Trump

President Trump announced new tariffs on Canadian imports after trade talks broke down. Canada retaliated with matching duties on United States goods, which will take effect soon. Trump also imposed tariffs on Canadian autos and parts starting next year. White House advisor Peter Navarro predicted a worse deal for Canada in the future. He stated that Canada would not get the same advantageous offer again.

26 Aug 2026 10:32 pm
Where will Prince Harry and Meghan Markle live in the UK? Inside their hidden gem in the Cotswolds near Ellen DeGeneres, the Beckhams, Kate Moss and Stella McCartney

Prince Harry and Meghan Markle have returned to the UK, with the couple said to have found a hidden gem in the Cotswolds as their potential new home. The picturesque area could put the Sussexes among some of Britains and Americas biggest celebrity names, including Ellen DeGeneres and Portia de Rossi, the Beckhams, Kate Moss and Stella McCartney.

26 Aug 2026 10:24 pm
Apple announces September 9 event, calls it Surprise and Shine

Apple has officially scheduled its highly anticipated iPhone event for September ninth, a significant moment as John Ternus will deliver his inaugural keynote as the new CEO. The event will potentially showcase the iPhone 18 Pro and Pro Max, alongside the debut of its first foldable model, rumored to be named the iPhone Ultra.

26 Aug 2026 10:17 pm
Wind turbines in US can last around 30 years; what happens to their enormous blades after they stop turning may surprise you

Wind turbines typically have a lifespan of around thirty years, and at the end of this period, much of their structure can be efficiently recycled into new materials. The challenge lies in the composite blades, which require innovative recycling methods. Fortunately, creative uses are emerging, transforming these old blades into construction materials and park features, showcasing the potential of converting renewable energy waste into valuable resources.

26 Aug 2026 10:12 pm
Japan already invested 14 percent of 10 trillion yen India investment target: Piyush Goyal

Japanese firms have invested Rs 1 lakh crore towards a 10 trillion yen investment target. This pace suggests the full investment may occur within the next few years. India aims to double Japanese companies operating here to three thousand. Proposals include a Deep Tech Capital Corridor and innovation bridges. Manufacturing and technology integration will leverage both nations' strengths.

26 Aug 2026 9:48 pm
Godrej opens Asias largest soap factory in Madhya Pradesh

Godrej Consumer Products inaugurated its new unit in Malanpur, which is now Asia's largest soap factory. This facility, costing over Rs 450 crore, will produce 4,000 soaps every minute. The Chief Minister highlighted Madhya Pradesh's successful implementation of investment MoUs. He also noted the state's increased foreign export potential reaching Rs 76,000 crore. Godrej expressed readiness to work towards malaria-free status by 2030.

26 Aug 2026 9:31 pm
Rs 22,006 crore claims, Rs 6.5 crore payout: NCLT clears Subhash Chandra plan

The insolvency tribunal NCLT approved Subhash Chandra's repayment plan. Lenders will receive only Rs 6.5 crore against Rs 22,006.57 crore claims. This represents a nearly 99.97 per cent haircut for the financial institutions. The tribunal rejected objections from dissenting creditors regarding the meagre payout. The approved plan is now binding on all creditors as per the IBC.

26 Aug 2026 9:11 pm
Indias merchandise exports rise 15% to over $25 billion in Aug 1-21

Merchandise exports for August 1-21 are estimated to have risen by fifteen percent. This growth brings the total exports for April through August past two hundred billion dollars. In July, India's exports increased by nearly twenty percent, reaching forty-four point two four billion. The trade deficit widened to thirty-one point nine eight billion dollars in July. Exports for April to July jumped seventeen percent, while imports climbed nineteen percent.

26 Aug 2026 9:01 pm
Government directs CEA to prepare roadmap to phase out import of critical power systems by 2030

India is focused on eliminating imported SCADA systems by 2030, with the Central Electricity Authority actively developing a comprehensive roadmap for this essential infrastructure. This initiative seeks to bolster self-reliance and enhance the cyber-resilience of the nations power grid. By reducing reliance on foreign technology, the government aims to secure national energy interests and foster the growth of local SCADA capacities for utility providers.

26 Aug 2026 8:58 pm
Northeast India can become a strategic gateway for Indias emerging space economy: SIA-India

The Northeast India Space Workshop 2026 explored leveraging space technology for regional transformation. Discussions focused on building a stronger role within India's evolving space ecosystem. The region can advance space-enabled connectivity and disaster resilience. Local industries and startups will participate in emerging space manufacturing opportunities. A Centre for Space Entrepreneurship will foster innovation and talent development.

26 Aug 2026 8:51 pm
Feel sick while using your smartphone in a moving car? Androids new feature could help. Heres how to turn it on

To tackle car sickness, Google has launched Motion Assist for Android users. This groundbreaking feature showcases animated patterns that dance along the edges of the screen, synchronizing with the vehicle's movements. Leveraging the phone's sensors to detect motion, it alters the display for a smoother experience, aiming to lessen sensory conflict and improve passenger comfort during journeys.

26 Aug 2026 8:45 pm
Indian Railways working to four-track 11,000 km of 7 high-density routes: Vaishnaw

India's seven high-density rail routes are being expanded to four tracks. These routes carry forty-one percent of total railway traffic across the nation. The expansion aims to increase passenger and freight carrying capacity significantly. This initiative supports growing movement of people and goods nationwide. It also promotes cleaner mobility and lower transport costs.

26 Aug 2026 8:41 pm
Media measurement must shift from outputs to business outcomes: WPPs Navin Khemka

Traditional media metrics alone do not guarantee business growth today. Brands must complement these with business metrics like lifetime value and loyalty. Attribution remains a challenge for marketers determining campaign impact accurately. India's advertising market is projected to grow despite economic pressures. WPP offers integrated solutions for understanding audiences and measuring impact.

26 Aug 2026 8:19 pm
Infineon Tech picks up 6.3 lakh sq ft Bengaluru office in Rs 750-cr rental deal

German firm Infineon Technologies has leased over 6.3 lakh sq ft office space in Bengaluru. This significant deal involves a rental payout exceeding Rs 750 crore over ten years. The company also announced its acquisition of power semiconductor startup C2i Semiconductors. This move aims to bolster Infineon's engineering and research capabilities in India.

26 Aug 2026 8:15 pm
Toxic ending explained: Ticket vs Raya ends in a bloody showdown, but the final twist blurs reality to reveal a shocking conclusion

Yashs Toxic: A Fairy Tale for Grown-Ups ends on a dark and unexpected note as Raya and Ticket finally come face-to-face in a brutal showdown. What initially appears to be a straightforward father-son conflict takes a surprising turn in the final moments, leaving viewers questioning what really happened. The ending also adds a deeper layer to Raya and Tickets troubled relationship and gives the films final scene a very different meaning.

26 Aug 2026 8:13 pm
Indian bullet train costs below global benchmarks: Official estimates

India's Mumbai-Ahmedabad high-speed rail corridor costs are significantly lower than comparable international projects. Officials state the project's per-kilometer cost is around Rs 390 crore, much less than others. Domestic suppliers and internal accruals are helping manage costs, avoiding new loans. Indigenous bullet trains will be tested by mid-2027, with commercial operations starting soon after.

26 Aug 2026 8:11 pm
10 Gorgeous Nature-Inspired Baby Names That Carry Special Meanings

10 Gorgeous Nature-Inspired Baby Names That Carry Special Meanings

26 Aug 2026 7:32 pm
Hoping to work towards further expanding scope of India-Japan trade pact: Piyush Goyal

India and Japan are actively reassessing their trade agreement, with the goal of broadening its reach. Both countries are looking to create fresh avenues for enhancing their bilateral ties. Ongoing talks aim to modernize the deal, addressing specific challenges faced by Indian exporters in Japan while simultaneously bolstering their strategic alliance through significant investment initiatives.

26 Aug 2026 7:26 pm
Gen Z job seeker teaches interviewer a lesson about self respect after unpaid overtime question in round one. I got up and said...

A Gen Z job seekers interview took an unexpected turn when the interviewer raised a question that immediately made the candidate reconsider the role. What followed was a decision that brought workplace boundaries, employee expectations and work-life balance into focus. The incident, later shared on Reddit, led to questions over whether job seekers should accept uncomfortable expectations to secure a position or recognise early warning signs and walk away.

26 Aug 2026 7:20 pm
Lords Mark Industries Limited and ARKALL Holding Limited partner for healthcare expansion across Caribbean countries

Lord's Mark Industries Limited is making a strategic move into the Caribbean by forming a partnership that will set up pathology laboratories and promote the commercialization of medical devices. Supported entirely by ARKALL Holdings Limited, this expansion will begin in Trinidad & Tobago, followed by other regions. The companies expect this initiative to yield substantial export revenue in the coming ten years.

26 Aug 2026 6:40 pm
Government mobilises about Rs 3,000 crore from Hindustan Copper OFS

The government successfully raised nearly Rs 3,000 crore from selling Hindustan Copper shares. This offer for sale saw strong participation from retail investors, exceeding expectations. The government exercised its full greenshoe option, selling over 5.8 crore shares. This successful disinvestment adds to the Rs 52,716 crore already collected this fiscal year. Disinvestment collections now approach Rs 55,700 crore, nearing the Rs 80,000 crore target.

26 Aug 2026 6:34 pm
CBIC hikes gold tariff value; check latest update on other key imports

The CBIC has kept tariff values unchanged for several imported goods. Crude palm oil and soybean oil values remain the same for importers. Brass scrap and silver also retain their established tariff values. Gold's tariff value is set at $1,500 per ten grams. These unchanged tariff values will take effect from August 26, 2026.

26 Aug 2026 6:31 pm
Gabriel India, South Koreas HL Klemove form JV for autonomous driving

Gabriel India Limited has formed a joint venture with South Korea's HL Klemove. This partnership will focus on manufacturing and selling autonomous driving solutions within India. The collaboration aims to develop advanced mobility products including radar and cameras. Gabriel India will acquire a significant stake in HL Klemove India for this venture. This strategic move expands Gabriel India's presence in high-growth automotive segments.

26 Aug 2026 6:18 pm
FSSAI issues notice to Delhi's JW Marriott, Juniper Hotels over misprinted license, food hygiene

FSSAI flagged serious food safety and hygiene violations at Delhi's JW Marriott hotel. Inspections revealed issues with sanitation, storage, and labelling practices across various kitchens. Regulatory samples were collected for further analysis after the inspection concluded. The hotel's FSSAI licence was also not prominently displayed on the premises. Similar food safety violations were also found at Andaz Aerocity in Delhi.

26 Aug 2026 6:18 pm
At 17, he had no degree or work; by 22, he made Rs 1 crore. Man says his DM to Raj Shamani became reason for financial success

Aditya Bansal has shared the story of an unexpected opportunity that came at a time when he was unsure about his career and trying to find ways to earn money. A simple decision to reach out to someone he admired eventually opened a new path for him, teaching him the value of creating something useful, taking chances and staying with the work even when things did not go as planned.

26 Aug 2026 6:17 pm
Phoenix coated 36 miles of black asphalt with reflective coating to fight extreme heat. Road temperature dropped by 12F, but pedestrians found a surprising side effect

To tackle the oppressive heat, Phoenix pioneered the use of lighter-toned roads, which successfully reduced surface temperatures significantly. However, this solution led to an increase in radiant heat impacting pedestrians walking nearby. Moreover, the effectiveness of the reflective coating waned over time as it succumbed to dirt and weather conditions.

26 Aug 2026 6:17 pm
Sugar prices rise over Rs 1 per kg for second consecutive day to Rs 65 amid festive demand

Retail sugar prices increased for a second day due to higher festive demand. Ex-mill rates have fallen significantly after the government allowed raw sugar imports. Wholesale sugar prices also saw a marginal increase on Wednesday. The government has imposed stock limits and banned exports to control prices. Sugar supply remains adequate with sufficient domestic production and opening stocks.

26 Aug 2026 6:04 pm
India's D2C boom is entering a new phase: Less big-money chasing, more business building

India's direct-to-consumer sector is maturing, with investors becoming more selective. Funding has shifted towards younger companies and early-stage ventures. Established brands like Lenskart and Licious continue to lead in funding. The stock market and acquisitions by large firms are now key exit routes.

26 Aug 2026 6:00 pm
Medicover India expects to turn profitable in 12-18 months after KKR buyout

Nineteen of Medicovers 25 hospitals are already profitable, while the remaining facilities are in various stages of ramp-up, P Hari Krishna, executive director, Medicover Hospitals India, told ET. He said newer hospitals typically take 12-18 months to fully break even.

26 Aug 2026 5:37 pm
Tea industry seeks Rs 113 crore annual package to revive Darjeeling sector

The Indian Tea Association seeks government aid for tea industry revival. Financial and regulatory reforms are proposed for Darjeeling and Dooars regions. The association requests support for production and modernization efforts. Measures aim to protect employment and rural livelihoods across North Bengal. Time-bound implementation of policies is crucial for sector sustainability.

26 Aug 2026 5:25 pm
In 1947, Project Cirrus scientists dropped 80 pounds of dry ice into a hurricane for weather manipulation. The storm suddenly turned and hit Georgia, causing $2 million loss

A little-known experiment in 1947 saw scientists test an unusual idea by releasing dry ice into a hurricane over the Atlantic. The project was meant to explore whether cloud seeding could influence a powerful storm, but what happened afterward led to public anger and raised questions about how much humans could really control the weather. The episode later became an important chapter in the history of hurricane research and weather modification.

26 Aug 2026 5:14 pm
SC sets aside show cause notice to Tata Steel over input tax credit availed during FY19-23

The Supreme Court has quashed a tax demand notice against Tata Steel. This notice involved an alleged irregular input tax credit claim. The court found no deliberate attempt by the company to evade taxes. Proceedings under Section 74 require specific satisfaction from the assessing officer. The department's actions indicated a lack of satisfaction regarding the alleged tax shortfall.

26 Aug 2026 5:12 pm
Study of 5,227 kids find early social media use linked to lower maths and language scores. Studies reveal one way to reduce impact

Recent studies suggest early smartphone use may negatively impact academic performance. Research indicates social media exposure can affect learning outcomes in students. Even phone presence can interfere with memory recall and cognitive tasks. However, researchers caution against direct causation, noting observational limitations. The focus shifts to managing device use after children receive smartphones.

26 Aug 2026 5:09 pm
How can fixed deposits help manage short-term and long-term financial goals?

Fixed deposits provide a reliable mechanism for achieving your financial objectives, combining predictable returns with versatile tenures. They are ideal for capital preservation and fostering consistent saving habits. When selecting an FD, it's essential to align the tenure with your goal's timeframe and desired amount. Comparing interest rates and payout options will optimize your returns, while reinvesting maturity proceeds can significantly boost long-term growth.

26 Aug 2026 5:03 pm
Burnout employee quits job without a backup plan. Go on a trip, suggests Reddit

After experiencing profound burnout and anxiety, an employee decided to step away from their job. Fellow Reddit users chimed in with stories of their own struggles, providing uplifting suggestions. One emphasised the importance of valuing personal well-being and finding joy in work. Another recounted leaving a toxic environment after five years, while many others celebrated positive career changes following breaks for self-care.

26 Aug 2026 5:02 pm