The Economic Times

Investors holding assets acquired before April 1, 2017, have received a significant reprieve. The Central Board of Direct Taxes has clarified that gains from these legacy investments will be exempt from General Anti-Avoidance Rules (GAAR). This move aims to provide much-needed clarity and reassurance for foreign investors and private equity funds concerning their existing holdings.

Steve Jobs, a visionary entrepreneur, co-founded Apple Inc. and spearheaded the personal computer revolution with the Macintosh. After a period away, he returned to Apple, leading its resurgence with iconic products like the iPod and iPhone. His legacy is defined by a relentless focus on design, innovation, and user experience.

Oracle layoffs 2026: US-IT firm Oracle has laid off thousands of employees and sent brutal 6 am emails on Tuesday, which stated that their jobs have been terminated. In India, 12,000 jobs have been affected and the company is planning another round of layoffs soon. The company is also offering severance packages to employees who resign at their will.

A recent Telangana food safety drive inspected 109 confectionery establishments, uncovering widespread issues with product quality and safety. Authorities seized 35 kilograms of expired sweets and issued notices to violators, urging parents to be vigilant about loose and unbranded treats to protect children's health.

Kuwait International Airport faced a drone attack from Iran, igniting a large fire at fuel tanks. No casualties were reported. Similar incidents occurred in Bahrain and Saudi Arabia. A tanker near Qatar was also struck. These attacks follow US-Israeli strikes against Iran, with Tehran threatening Gulf infrastructure.

Asansol Dakshin gears up for a crucial 2026 West Bengal assembly election. Key issues include the declining coal economy, illegal mining, and identity politics. The BJP aims to retain the seat, while the TMC seeks to regain ground. Land subsidence and demographic shifts also influence the electoral landscape.

Celebrity news outlet TMZ is capturing lawmakers on vacation during a government shutdown. Videos of politicians at airports and theme parks have gone viral. This coverage is increasing pressure on Congress to end its recess. President Trump also wants lawmakers back. However, a funding impasse persists, making a swift resolution unlikely even if they return.

Ashwini Bhide has made history as the first woman commissioner of Mumbai's civic body in over 160 years. A 1995-batch IAS officer, she is recognised for her role in complex urban infrastructure projects, earning the nickname Metro woman. Business tycoon Anand Mahindra praised her ability to thrive under pressure and deliver results. Read on!

Agatha Christie, the Queen of Mystery, penned a profound quote about life's struggles. She acknowledged deep sorrow but affirmed that existence itself is a grand thing. This sentiment, born from her own experiences, highlights life's contradictions. It suggests that even amidst pain, being alive holds inherent meaning. Christie's enduring legacy continues to resonate.

Liam Neeson candidly shared his experience with grief following his wife Natasha Richardson's death, describing it as unpredictable waves that destabilize life. He explained how ordinary sounds can trigger profound feelings of absence, yet acknowledged that these surges become less frequent over time, allowing for a form of healing and integration of loss.

A US report has flagged Indias preference for domestic satellites in DTH services and use of localised internet shutdowns as barriers to foreign trade. The Office of the United States Trade Representative said restrictions on foreign satellite operators, including mandatory routing through Indian Space Research Organisations commercial arm, limit market access and add costs.

A shipping company demands an international probe into a recent attack on its tanker in Iraqi waters. The incident killed an Indian crew member. The company highlights the attack as a threat to global shipping and trade. It calls for transparency in surveillance and security protocols. The company also emphasizes the paramount importance of seafarer safety.

From laugh-out-loud comedies to gripping thrillers and emotional dramas, this weeks OTT releases promise something for every mood. All you need now is a comfy spot, good snacks, and a long weekend to catch up on it all. Read on to know when and where to watch these latest releases online.

Gold loans are booming, surging in both volume and value, driven by rising gold prices and increased originations. This trend positions gold loans as a major retail product, expanding beyond traditional areas into new regions. Lenders are focusing on credit-tested individuals, with women and rural consumers forming a significant base, indicating a mainstream shift for this lending category.

US President Donald Trump will address the nation on Iran at 9 pm Wednesday (6:30 am IST Thursday), the White House said. The announcement follows his statement that the US could end its military campaign within two to three weeks and that Iran does not need to strike a deal for the war to wind down.

European energy prices will remain high despite potential peace in the Iran war, warned EU Commissioner Dan Jorgensen. He highlighted pressure on diesel and jet fuel, alongside global gas market constraints driving up electricity costs. The EU is preparing measures to aid families and businesses facing a 70% gas and 60% oil price hike.

April Fools Prank Ideas: April Fools' Day offers a chance for lighthearted fun, with the article suggesting simple, harmless pranks for home, school, work, and friends. The focus is on shared laughter and breaking routines with clever, quick tricks that don't cause distress or lasting issues.

India should definitely look for a geographical diversification for gas to mitigate the risks posed by ongoing geopolitical tensions in the Middle East, according to Sandeep Jain, Former Executive Director (Gas) at Indian Oil Corporation Ltd. (IOCL).

Chaitra Purnima kitna tarik ko hai: Chaitra Purnima will be observed today on April 1, 2026, and on this people offer prayers to Lord Vishnu and perform Satyanarayana puja at their homes and distribute bhog prasad to everyone. Chaitra Purnima tithi began from 7.06 am today and will end at 7.41 am tomorrow.

During a late-night encounter in Ganderbal district, Jammu and Kashmir, security personnel thwarted a terrorist threat by eliminating one armed individual. The tactical operation was initiated on Tuesday night after receiving intelligence regarding potential hostile movements. Upon engagement, the suspects fired upon the troops, who swiftly retaliated, resulting in the enemy combatant's death.

Iran war: Asian nations are scrambling for fuel amid Middle East supply disruptions and China's export bans. Indonesia is seeking deals with Japan, while South Korea and India explore Russian energy. Poorer countries like the Philippines and Sri Lanka face severe shortages, highlighting the urgent need for alternative energy sources and regional cooperation.

American diplomats are now tasked with using the social media platform X. They will also partner with military psychological operations units. This initiative aims to combat foreign propaganda that threatens U.S. national security. The directive encourages leveraging tools like X's 'community notes' to expose falsehoods and promote trustworthy information. This move signals a new strategy in information warfare.

A global technology firm is significantly boosting investments in AI infrastructure and data centers, leading to workforce reductions. This strategic realignment prioritizes high-growth, technology-driven initiatives, mirroring a broader industry trend towards automation and cost optimization.

American freelance journalist Shelly Kittleson was kidnapped in Baghdad, with Iraqi security forces pursuing her captors. A U.S. official blamed Iran-backed militia Kataib Hezbollah, and one suspect has been arrested. Kittleson, who has reported extensively from the region, had previously been warned of danger.

LPG commercial cylinder price: The commercial LPG gas cylinder prices have been hiked significantly from April 1 amid the West Asia conflict. A 19-kg commercial LPG cylinder now costs Rs 195.50 more in Delhi. In big relief, domestic LPG prices remain unchanged. A 14.2-kg household cylinder continues to retail at Rs 913 in Delhi, following the last increase of Rs 60 on March 7.

India will offer temporary customs duty relief for goods produced in special economic zones and sold domestically. The reduced duty rates, ranging from 5% to 12.5%, will be effective from April 1, 2026, to March 31, 2027, benefiting businesses that commenced production by March 31, 2025.

US crude oil is reaching Greece for the first time in four years. This shift is driven by Middle East conflicts impacting trade routes. Meanwhile, Ecuadorian crude oil has also been sent to Canada after a year's absence. These movements highlight changing global energy supply dynamics. Refineries are adapting to secure necessary oil supplies.

A US judge has halted President Donald Trump's plan for a 400 million dollar ballroom. The project aimed to replace the demolished East Wing of the White House. A preservation group sued, arguing Trump exceeded his authority. The judge agreed, blocking construction while the lawsuit continues. This is a setback for the administration's efforts to reshape the White House.

Israeli strikes in Beirut's southern suburbs and a nearby town killed at least seven people, with the military claiming to have targeted senior Hezbollah members. This escalation follows Hezbollah's involvement in the wider Middle East conflict, which has led to significant casualties and displacement in Lebanon. Israel's defense minister indicated plans for a buffer zone, drawing condemnation.

Jet fuel prices have reached an all-time high, soaring to over Rs 2 lakh per kilolitre. This significant increase is attributed to rising global oil prices. The surge is directly linked to the ongoing conflict in West Asia. This marks the first time aviation turbine fuel has crossed the Rs 2 lakh per kilolitre threshold.

Delhi weather today: Delhi is likely to experience rain, thunderstorms and strong gusty winds on April 3 and 4, the India Meteorological Department (IMD) has said in its latest weather bulletin. No rain has been predicted today for Delhi and Noida. However, Gurugram may witness partly cloudy sky with one or two spells of rain or thundershowers today.

America anticipates an end to the Iran war within weeks. Secretary of State Marco Rubio indicated a potential direct meeting with Iran. Following the conflict, the US may reassess its alliance with NATO. European nations have not joined offensive operations against Iran. This war has impacted global markets and oil prices.

Iran's Islamic Revolution Guards Corps has issued a stern warning to eighteen major American companies. The IRGC alleges these firms aided US-Israeli terror operations within Iran. Retaliatory strikes are planned for regional offices, with devastating consequences anticipated. Employees and nearby residents are urged to evacuate potential target sites. This escalation follows recent alleged killings of Iranian figures.

On Wednesday three men and one woman are set to embark on the first crewed journey to the Moon since 1972, a landmark odyssey that aims to launch the US into a new era of space exploration. This contemporary era of American lunar investment has frequently been portrayed as an effort in competition with China, which is currently aiming to land humans on the Moon by 2030.

Nonplussed means bewildered. It describes a moment of being mentally at a loss. People are caught off guard and cannot think clearly. Journalists use it for unexpected events. It adds precision to reporting. The word comes from Latin. It helps convey subtle reactions with sophistication. It is effective for describing moments when individuals are caught off guard.

A panel has decided to exempt oil and gas drillers operating in the Gulf of Mexico from certain endangered species protections. This move is expected to ease regulations for these companies, potentially impacting marine life in the region.

Dhurandhar 2: The Revenge is a box office sensation. The film has crossed Rs 900 crore in India and is heading towards Rs 1,500 crore worldwide. Ranveer Singh's action sequel is breaking records. Positive word of mouth and repeat viewings are driving its success. The movie has surpassed major blockbusters. Read on to know how much it earned on day 13.

President Trump stated that the U.S. will not be responsible for securing the Strait of Hormuz, suggesting that countries relying on the waterway should take on that role. He estimated that U.S. military action against Iran would conclude within two to three weeks. Trump also criticized allies for insufficient support in the conflict.

A federal judge has allowed former Twitter investors to proceed with a class action lawsuit against Elon Musk. Investors claim Musk delayed disclosing his initial stake in the social media company. This decision could expose Musk to greater damages. The case centers on Musk's disclosure of his Twitter share ownership in 2022.

Tiger Woods has announced he is stepping away from golf to seek treatment following his recent DUI arrest. His attorney entered a not guilty plea to charges of misdemeanor driving under the influence and refusal to submit to a urinalysis. Woods cited prioritizing his well-being and working towards lasting recovery.

Frank Sinatra, the iconic singer, was more than just music. He used his global platform to champion racial equality. His 1958 essay highlighted a global shortage of love and compassion. He urged bold actions to bridge divides. This message remains vital today amidst ongoing social inequalities and isolation. Read on to know more about it.

Israeli Prime Minister Benjamin Netanyahu declared the campaign against Iran's regime is ongoing, asserting joint US-Israel operations have significantly destabilized it. He stated the regime, which vowed destruction against America and Israel, is being crushed. Netanyahu also hinted at new regional alliances being forged, emphasizing that Iran's substantial investment in its anti-Israel agenda has been futile.

The US is sending a third aircraft carrier strike group to the Middle East as operations against Iran continue. The USS George H.W. Bush left Norfolk with destroyer escorts and is expected to reach the region in about three weeks.

U.S. Customs is developing a new system to process $166 billion in illegal tariff refunds, with the portal 60-85% complete. The agency aims to begin accepting claims in phases, prioritizing recent and suspended entries. This streamlined process aims to avoid individual lawsuits for importers seeking reimbursement.

The cabinet last week approved a Rs 28,840-crore plan to revamp regional air connectivity over the next decade, which includes developing 100 new airports and 200 helipads. Air connectivity will give a boost to the economy of smaller towns, Naidu said.