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The Economic Times

Economy / The Economic Times

Energy shock from Iran war delays rate cuts, sets up divergent paths for Fed, ECB and BoJ

The Iran war's impact on energy prices is forcing central banks to reassess policy. Robeco anticipates the Fed will cut rates twice this year, while the ECB might hike in June and September if Brent crude stays near $80. Asia faces significant exposure, with Japan's economy running hot and inflation risks prompting potential tightening.

3 May 2026 10:57 am
Garena Free Fire Max Redeem Codes for May 3, 2026: Unlock 10+ rewards now

Garena Free Fire MAX players can snag free in-game items on May 3, 2026, by using special 12-character alphanumeric redeem codes. These codes, released regularly, offer a limited-time opportunity to claim rewards. Players must act fast to redeem them on the official Garena website before they expire. Log in and enter your code to claim your prizes.

3 May 2026 10:47 am
Indian Army initiates process to procure 159 bullet-proof troop carriers for Rashtriya Rifles

The Indian Army is procuring 159 bullet-proof troop carriers for Jammu and Kashmir and Ladakh to enhance soldier mobility in challenging terrains. The vehicles will support Rashtriya Rifles operations, offering protection and mobility up to 5,000 meters altitude, aligning with the Make in India initiative.

3 May 2026 10:40 am
Tamil Nadu voter turnout: 85.10% polling recorded; women voters outnumber men in historic exercise

Tamil Nadu Assembly Elections: The Election Commission of India has released the final roadmap for the 2026 Tamil Nadu Legislative Assembly General Elections. A significant 85.10 per cent voter turnout was recorded. Women voters outnumbered men, a notable trend. Counting of votes will take place on May 4. Arrangements are finalized for efficient, transparent, and secure processing of over 48 million voters' mandates.

3 May 2026 10:29 am
Petrol price today 3 May 2026: Check latest rates in Delhi, Mumbai, Chennai, Kolkata and Bengaluru

Petrol price today :Indian petrol prices change daily. This dynamic pricing depends on global crude oil costs, the rupee's value against the dollar, and market supply and demand. Taxes, dealer commissions, and refining expenses also affect the final price. Consumers in cities like Chennai, Hyderabad, Mumbai, Pune, and Kolkata pay varying rates per litre.

3 May 2026 10:28 am
Pakistan's economy gasps as Middle East war ignites double-digit inflation

Pakistan's economy faces a grim future with inflation expected to stay high. Soaring oil prices and regional conflict are straining the nation's finances. Analysts predict economic growth will slow significantly. The country's stock market is already among the world's worst performers. Imports are a major concern, potentially widening the current account deficit and depleting foreign reserves.

3 May 2026 10:26 am
HPBOSE Class 12th Results Date and Time Confirmed: When will the board announce results at hpbose.org? Check the latest update here

The Himachal Pradesh School Education Board (HPBOSE) will release the Class 12 results for Science, Commerce, and Arts streams on May 4, 2026, at 11 AM. Students can check their scores and download mark sheets from the official website, hpbose.org, by entering their roll number.

3 May 2026 10:01 am
Pure ghee or not? TTD procures over 70 lakh kg without mandatory quality tests

A commission revealed the Tirumala Tirupati Devasthanams procured millions of kilograms of ghee without required quality checks. This systemic failure allowed suppliers to provide adulterated ghee. Officials allegedly ignored safety tests and suppressed lab reports confirming vegetable fats. The commission held TTD officials and board members responsible for these governance failures and procedural lapses.

3 May 2026 9:51 am
58 hospitalised after eating ''dahibara'' in Odisha''s Jajpur

Fifty-eight people, including 27 children, were hospitalized in Odisha's Jajpur district after falling ill from consuming 'Cuttack Dahibara' from a local vendor. Preliminary reports indicate food poisoning, prompting the collection of food and water samples for testing. The state government has formed three teams to investigate the incident and ensure patients receive adequate medical care.

3 May 2026 9:46 am
Assembly Election Results 2026 date & counting time: Full schedule for West Bengal, Assam, Kerala, Tamil Nadu, and Puducherry

Assembly Election Results 2026 date and time: West Bengal, Tamil Nadu, Kerala, Assam, and Puducherry await their Assembly election results on May 4th. Vote counting begins at 8 AM, with initial trends expected within two hours. High voter turnouts were recorded across states, setting the stage for crucial contests, including the direct face-off in West Bengal and the UDF vs. LDF battle in Kerala.

3 May 2026 9:37 am
OPEC+ to make first post-UAE production decision

Seven OPEC+ nations are meeting to set oil production quotas -- the first decision since the UAE left the cartel. The war in the Middle East has already pushed oil prices higher. Markets expect a small increase in production, but actual output is already below limits due to blockades.

3 May 2026 9:20 am
'When I had Rs 5, I wanted to buy something of Rs 100': Archana Puran Singh eyes luxury sea-facing bungalow in Madh Island. Here's what she says about the price

Actor Archana Puran Singh explored buying a new home in Madh Island. The journey highlighted her past investments and current financial outlook. She reflected on her early days in Madh Island, recalling a time of limited resources but bold decisions. Her existing properties in Madh Island are valued at Rs 70 crore. She also maintains a farmhouse in Dehradun.

3 May 2026 9:19 am
Vijayta Pandit reveals her relationship with Love Story co-star Kumar Gaurav cost her, her career: Rajendra Kumar got me removed from films.

Actress Vijayta Pandit reflects on her intense romance with co-star Kumar Gaurav during the filming of 'Love Story'. Their relationship faced strong disapproval from his father, Rajendra Kumar, who prioritized his son's career. Despite an engagement to Reema Kapoor, Kumar Gaurav maintained contact with Pandit, but the relationship ultimately ended, impacting her career due to alleged industry influence.

3 May 2026 9:09 am
Latecomer Japan eyes slice of rising global defence spending

Japan has ended its long-standing ban on exporting lethal weapons. This move aims to position the nation in the global defense market. While challenges exist, including capacity and workforce shortages, Japan's focus on high-tech sectors could be advantageous. At a time when the international defence market is offering more opportunities, Japan's strategic shift has drawn attention.

3 May 2026 8:57 am
NEET Exam Timing 2026: Check complete NTA guidelines, dress code rules, allowed and prohibited items for exam day

NEET UG 2026 Exam Timing : NEET UG 2026 is scheduled for today, May 3, with exams running from 2 PM to 5:20 PM. Candidates must bring their admit cards and valid ID for entry. Strict guidelines are in place regarding dress code, allowed items, and prohibited materials to ensure exam integrity.

3 May 2026 8:51 am
Ankur Warikoo was earning Rs 33 lakh at 29. But he unhappy. He shares a lesson that changed everything for him

Entrepreneur Ankur Warikoo shared his experience of leaving a high-paying consulting job at 29, despite external success. He realized his motivation stemmed from validation, not purpose, leading him to a 60% income cut to pursue his own ventures. This pivot redefined his view of money and success, highlighting the importance of internal fulfillment over external markers.

3 May 2026 8:44 am
Fire breaks out in four-storey building in Delhi's Shahdara, 9 bodies found, rescue ops underway

A devastating fire erupted early Sunday in a four-storey building in Delhi's Vivek Vihar area. Officials confirmed 3 to 4 fatalities, with search operations continuing for potential additional victims. Residents reported an AC blast triggering the blaze. Several individuals were rescued, but some families are feared trapped. Fire tenders responded swiftly to control the inferno.

3 May 2026 8:40 am
Is the AI boom eating its own tail? The strange economics of billion-dollar deals

Tech giants like Google and Amazon are investing billions in AI rivals like Anthropic, creating a 'Circular Capitalism' loop. Companies fund each other to buy cloud services and AI chips, inflating valuations. While demand for AI is real, these opaque deals raise concerns about genuine value versus financial engineering, echoing past bubbles.

3 May 2026 8:37 am
Gangster Queens: Inside the rise of women in organised crime

Young, educated women are increasingly taking central roles in criminal networks across India's National Capital Region and beyond. These women, often digitally connected and using legitimate businesses as fronts, are driven by factors like easy money, revenge, and a quest for power, marking a significant shift from historical female figures in crime.

3 May 2026 8:27 am
Weather Today: Yellow alert issued for Delhi-NCR, check IMD forecast for Kerala, West Bengal, J&K and other states

India Meteorological Department forecasts above-normal May rainfall nationwide, except for parts of east and northeast India. Delhi experienced relief from heat with Saturday night thunderstorms and a yellow alert for the next two days. Kerala and Jammu and Kashmir are also bracing for heavy rainfall and thunderstorms.

3 May 2026 7:54 am
Quote of the Day by Albert Einstein, Two things are infinite: the universe and human stupidity; and I'm not sure about the..... What the greatest mind on earth warned about human stupidity and the limitless universe learn how to escape this silent trap keeping you stuck despite your efforts

Today's quote by Albert Einstein: Albert Einstein quotes remains globally high as readers revisit his famous universe and human stupidity observation. Quote of the Day by Albert Einstein is one of the most searched wisdom lines online. In todays world, where information is instantly available, one would expect better decisions and clearer thinking. Instead, confusion often grows alongside knowledge. Confidence expands, but understanding does not always follow. This creates a dangerous gap betwee

3 May 2026 7:41 am
Shaktimaan star Mukesh Khanna reveals why he never married: 'The woman I am destined for....'

Veteran actor Mukesh Khanna, at 67, remains unmarried, attributing his decision to a belief in destiny and a different definition of masculinity. He emphasizes character and self-control over romantic conquests, holding women in high regard and advocating for mutual loyalty in marriage.

3 May 2026 7:33 am
Patriot Box Office Collections Day 2: Mohanlal-Mammootty movie crosses Rs 50 crore worldwide but sees drop in India

Despite a strong global opening, Patriot starring Mohanlal and Mammootty experienced a noticeable dip in domestic collections on its second day. While the film crossed 50 crore worldwide, its India net collections stand at 16.15 crore, with Kerala leading regional performance. Strong overseas traction has significantly boosted its overall box office figures.

3 May 2026 7:27 am
MI vs CSK IPL 2026: Chennai Super Kings create history, set new IPL record vs Mumbai Indians

Ruturaj Gaikwad and Kartik Sharma's unbeaten half-centuries powered Chennai Super Kings to an 8-wicket victory over Mumbai Indians. This win marked CSK's 20th against MI, propelling them to sixth in the IPL 2026 table, while MI's playoff hopes dwindle.

3 May 2026 7:25 am
NTA to conduct NEET-UG 2026 in Riyadh on Sunday

The National Testing Agency will conduct the NEET-UG 2026 examination in Riyadh, Saudi Arabia. The pen-and-paper test is scheduled for Sunday, May 3. Candidates must report to the International Indian School Riyadh by 11 am. Entry will be denied to latecomers. All attendees need their admit cards, photographs, and valid ID. Adherence to the NTA's dress code is mandatory.

3 May 2026 7:05 am
India go down 0-3 to France in the Thomas Cup semifinal, settle for bronze

India's Thomas Cup title defence ended in the semifinals with a bronze after a 0-3 loss to France. Lakshya Sen's absence was as a significant factor. HS Prannoy, Ayush Shetty and Kidambi Srikanth all lost their matches. France advanced to the final, becoming the second European nation to do so.

3 May 2026 7:02 am
Hypocritical behaviour: Iran says US not complying with nuclear non-proliferation treaty

The Iranian mission to the UN has taken a strong stance against American nuclear strategies, asserting Tehran's right to continue its uranium enrichment. In a surprise move, Iran has put forth a new framework aimed at resolving the ongoing West Asia tensions.

3 May 2026 6:57 am
Trump says US will reduce number of troops in Germany 'a lot further' than withdrawal of 5,000

America could be set to pull back its troops in Germany more than the previously announced 5,000.. German Defence Minister Boris Pistorius has underscored the importance of Europe stepping up to defend itself in light of this change.

3 May 2026 6:53 am
Kentucky Derby 2026 viral video: Watch emotions run high as 'Run for the Roses' at Churchill Downs becomes 'the most exciting two minutes in sports'

Kentucky Derby 2026 video: Golden Tempo stormed from the very back of the pack to triumph in the 152nd Kentucky Derby at Churchill Downs on Saturday.

3 May 2026 6:30 am
Trump says US could restart Iran strikes 'if they misbehave'

President Trump has received intelligence regarding a potential diplomatic breakthrough with Iran. The package suggests reopening shipping routes in the crucial Strait of Hormuz and lifting the current US blockade. Yet, without having assessed the specifics, Trump has issued a stern warning: any missteps by Iran could lead to military repercussions.

3 May 2026 6:28 am
Why is U.S. reducing number of troops in Germany? What is Donald Trump's dispute with Chancellor Friedrich Merz?

Donald Trump's decision comes as he seethes at European allies over their unwillingness to join his campaign with Israel against Iran. He has lashed out at leaders like Merz, Spanish Prime Minister Pedro Snchez and British Prime Minister Keir Starmer.

3 May 2026 6:22 am
Jayson Tatum injury: When will Boston Celtics star play again?

Jayson Tatum averaged 23.3 points, 10.2 rebounds and 6.8 assists through the first six games of the series, while shooting 52.2 per cent from the field and 36.5 from the 3-point line.

3 May 2026 6:00 am
State incentives power Indias EV market growth

As environmental consciousness rises, Indian consumers are increasingly opting for electric vehicles. Favorable state policies are making EV ownership more accessible, leading to a transformation in purchasing patterns. States like Maharashtra, Uttar Pradesh, and Karnataka are witnessing remarkable spikes in EV sales. The trajectory of the Indian EV sector points towards sustained growth in the years ahead.

3 May 2026 5:30 am
Top B-schools see pay surge as hiring picks up

Top Indian business schools report improved placement packages for the 2026 batch. Consulting and finance sectors are driving this growth. While technology hiring has scaled down, overall recruiter numbers have increased. This indicates a selective recovery in the placement season. XLRI, SPJIMR, MDI, TISS, and IMT Ghaziabad have all witnessed an upward trend in average and median salaries.

3 May 2026 5:30 am
CEA Nageswaran calls for capex push amid EV growth momentum

India's top companies saw profits soar post-Covid. However, investments lagged. Chief economic adviser V Anantha Nageswaran called for corporate introspection. He highlighted that companies accumulated cash instead of investing in real assets. This forced the public sector to drive growth. Nageswaran stressed the need for private sector investment to seize domestic opportunities and address trade deficits.

3 May 2026 5:30 am
Kentucky derby 2026 results, winners, pay out purse: All about golden tempo horse who won at Churchill Downs as woman trainer Cherie DeVaux creates history

Kentucky derby 2026 pay out: Golden Tempo gets whopping $3.1 million purse, Renegade receives a $1 million purse, Ocelli gets $500,000. Fourth place secures $250,000, and fifth place was awarded $150,000.

3 May 2026 5:27 am
Quote of the day by Immanuel Kant: '3 rules for happiness are: something to do, someone to love, something to hope for...' - The simple formula to live a happy life revealed by German philosopher

Immanuel Kant was a major German philosopher known for his work on reason, morality, and human understanding. The quote of the day from him reflects a practical view of life, suggesting that fulfillment comes from purpose, relationships, and hope for the future rather than abstract ideals. Across his philosophical works, Kant emphasised human reason, moral responsibility, and the idea that individuals shape their understanding of reality through the mind.

3 May 2026 3:29 am
Jewish Proverb of the Day: If life doesnt change for the better, wait. Life lessons on action, change, habits and why doing nothing can make things worse

This Jewish proverb teaches that if you do not change your actions, life will not improve and may become worse. It explains the importance of taking action instead of waiting or hoping. The message shows that real change needs effort, courage, and new steps. It reminds people that doing nothing keeps problems growing and only action can create a better life.

3 May 2026 2:21 am
Taylor Swift and Travis Kelce Kentucky Derby horse racing odds rumors

Rumors swirled that Taylor Swift and Travis Kelce held a stake in Kentucky Derby contender 'The Puma,' reportedly influencing betting lines. However, the horse was scratched hours before the race due to a minor health concern. Kelce has a prior connection to horse racing with a horse named 'Swift Delivery'.

3 May 2026 1:30 am
Chinese Proverb of the Day: 'To hit a dog with a meat-bun, so it leaves never turning around'The Chinese Proverb that warns against what you cant get back

Chinese Proverb of the Day: A Chinese proverb, To hit a dog with a meat-bun, so it leaves never turning around, warns against irreversible loss. It highlights how carelessly investing resources like money, time, or trust can lead to permanent consequences. The saying emphasizes the importance of mindful action, foresight, and recognizing the value of what we give away.

3 May 2026 12:55 am
Quote of the Day by Leo Tolstoy: Let us forgive each other, only then will we live in peace Life lessons on human nature, relationships, healing and why forgiveness sets you free by the renowned Russian novelist and philosopher known for War and Peace and Anna Karenina

Leo Tolstoys quote, Let us forgive each other, only then will we live in peace, carry a simple yet powerful message about human relationships and emotional balance. It reminds us that disagreements and misunderstandings are a natural part of life, but lasting peace depends on how we respond to them. Quote of the day by Leo Tolstoy encourages letting go of anger, pride, and resentment in order to build healthier connections with others.

3 May 2026 12:45 am
Bombay HC backs GSK in Paxil trademark row against Shreya Life Sciences

The Indian subsidiary of the UK-based GSK PLC had urged the court to cancel the mark used by the local company in pharmaceutical and medicinal preparations. It argued that despite getting the mark more than two decades ago, Shreya Life Sciences had never used it and hence, under Section 47 of the Trade Marks Act, the registration was liable to be removed from the register of trade marks on account of non-use.

3 May 2026 12:42 am
Finance Ministry seeks faster disposal by DRTs, holds talks

Key areas of discussion included strengthening oversight and monitoring mechanisms within banks to enhance recoveries through DRTs, prioritising high-value cases for optimal recovery outcomes; leveraging Lok Adalats as an effective alternate dispute resolution, it said, adding mechanisms for expeditious disposal, procedural reforms to accelerate case disposal and comprehensive capacity-building initiatives were discussed.

3 May 2026 12:33 am
Centre allows 100% FDI in insurance via auto route

Foreign investment in this sector shall be subject to compliance with the provisions of the Insurance Act, 1938(4 of 1938), and the condition that companies receiving FDI shall obtain necessary licence or approval from the Insurance Regulatory and Development Authority of India to undertake insurance and related activities, the notification stated.

3 May 2026 12:16 am
NCLT approves Mantra Properties buyout of Mulund project

The company entered corporate insolvency resolution process (CIRP) in July 2023 on a plea by Beacon Trusteeship Ltd. It has two secured creditors-Beacon Trusteeship with Rs 902 crore and 60.54% committee of creditors share, and Assets Care and Reconstruction Enterprise Ltd with Rs 589 crore and a 39.46% share.

3 May 2026 12:07 am
Quote of the Day by Michael Moore: 'Capitalism means that a few people will do'Inspiring quotes by the American filmmaker best known for a series of controversial documentaries

Quote of the Day: Filmmaker Michael Moore's quote, Capitalism means that a few people will do very well, and the rest will serve the few, starkly reflects his lifelong critique of economic inequality. His documentaries, from Roger & Me to Capitalism: A Love Story, consistently illustrate how corporate power and economic policies disproportionately benefit a select few while impacting the majority.

3 May 2026 12:05 am
Quote of the day by Cillian Murphy: Believe your instincts over intellect. Just because you can rationalise it does not mean it is right. If you feel it, then it is right; Oppenheimer, Peaky Blinders actor on trusting your gut feeling

Actor Cillian Murphy advises trusting your gut feeling. He believes instinct guides us better than pure logic. This inner compass can lead to growth and fulfillment. Murphy's own career shows the power of following intuition. His wisdom offers inspiration for navigating life's choices. He urges people to listen to their inner voice.

3 May 2026 12:04 am
Job resignation after 1.5 years triggers silent threat from boss in office. Employee asks Can a manager actually...'

An employee with around 1.5 years of experience has shared his resignation story on Reddit, alleging increasing micromanagement from his manager despite consistent performance and timely work delivery. He claimed that the workplace became more stressful over time, with close monitoring of routine activities and unclear support from seniors. After securing another job offer, he resigned, but said the situation escalated during his notice period, with the manager allegedly hinting at a negative ex

2 May 2026 11:55 pm