SENSEX
NIFTY
GOLD
USD/INR

Weather

image 33    C

The Economic Times

Economy / The Economic Times

MDL plans Rs 27,000 crore shipbuilding cluster at Dighi, eyes 90,000 jobs

Mazagon Dock Shipbuilders will invest Rs 27,000 crore for a new shipbuilding cluster. This project aims to create approximately 90,000 jobs and boost India's shipbuilding capacity. The Dighi facility will enable the construction of large commercial vessels and strengthen maritime capabilities. This initiative aligns with the Centre's Greenfield Shipbuilding Cluster Development Plan. The cluster will attract technology and investment, improving global maritime competitiveness.

15 Sep 2026 3:17 pm
Quote of the day by Khalil Gibran: A woman whose mood improves with a book, a poem, a song, or a cup of coffee is not defeated by anyone. Even life - Lebanese-American poet and philosopher on how simple pleasures can give women inner strength

Quote of the day by Khalil Gibran: The Khalil Gibran quote highlights women's inner strength. Simple joys like books and coffee foster emotional self-sufficiency. This internal solace provides an unshakeable defence against life's challenges. Modern women can reclaim peaceful moments for enduring resilience. True empowerment comes from cultivating inner peace and quiet self-care.

15 Sep 2026 3:16 pm
A 'Prisoners Dilemma' is driving the trade war & the costs could be huge

The WTOs World Trade Report 2026 says global trade is caught in a Prisoners Dilemma: countries have an incentive to protect their own markets, but when everyone raises tariffs and restricts imports, retaliation can shrink trade, raise prices and leave all sides worse off.

15 Sep 2026 3:15 pm
Indias strategic autonomy faces a trade test as WTO warns non-aligned economies could pay a price for fragmentation

India's foreign economic policy aims for broad trade ties. The WTO warns of rising costs in a fragmented global trade system. India's numerous free trade agreements offer preferential market access. Diversification and multiple pacts help maintain economic flexibility. This strategy counters rising trade costs in a bloc-driven world.

15 Sep 2026 3:15 pm
Trade fragmentation could hit poor economies nearly four times harder than rich ones, WTO warns

Global trade fragmentation will severely impact the world's poorest economies. Least-developed countries could see GDP fall significantly by 2050. These nations rely heavily on international trade and global production networks. Disrupted supply chains and higher trade costs will hurt them most. Enhanced cooperation offers the best path for their economic growth.

15 Sep 2026 3:15 pm
Quote of the day by Meryl Streep: We are not done yet. That is the key, I think, to being alive, always breaking..., Oscar-winning actress powerful message on ageing and embracing change

Meryl Streep shared a powerful perspective on ageing while discussing The Devil Wears Prada 2 in a 2026 Vogue cover interview with Anna Wintour and Greta Gerwig. Reflecting on returning as Miranda Priestly, she described curiosity and continuing to explore life as essential, saying, were not done yet. Her words offer an uplifting reminder to embrace change, remain curious and keep moving forward regardless of age or circumstances.

15 Sep 2026 3:12 pm
NODWIN Gaming expands into mainstream sports with new division

NODWIN Gaming launches NODWIN Sports to build mainstream sporting properties and events. This new division will focus on new-age sports and mass-participation lifestyle events. Gurbaksh Singh Virdi has been appointed vice president to lead the expansion efforts. NODWIN Sports aims to leverage existing content and community engagement capabilities. The company seeks to become a broader youth entertainment and live experiences provider.

15 Sep 2026 3:00 pm
Samantha Ruth Prabhu, mother-to-be, drops pics of baby shower ceremony, explains significance of Kalaa Aavarana ritual: The mother is honoured as the Devi

Actress Samantha Ruth Prabhu, who is all set to become a mother, recently shared pictures from her seemantham ceremony. She explained the signifcance of the Kalaa Aavarana (Sri Kalpam) ritual, and stated that although she does not know the meaning of every ritual, she is aware that every mantra is accompanied with its own quiet power.

15 Sep 2026 2:55 pm
Flipkart plans 250,000 festive season jobs to meet delivery demand

Flipkart plans to hire over 250,000 workers for the upcoming festive season. This significant recruitment drive represents an increase of 30,000 positions compared to last year. Approximately 75,000 new openings will welcome individuals entering the workforce for the first time. A substantial 60% of these new jobs will focus on last-mile delivery operations. Flipkart is expanding its delivery network with new hubs to meet rising customer demand.

15 Sep 2026 2:51 pm
Indian consumer regulator escalates probe into Apple's software warranty terms

India's consumer regulator is investigating Apple's software warranty terms. The iOS 18 update allegedly damaged iPhone functionality and required costly repairs. Apple contests these accusations, citing global industry standards for software warranties. The regulator has escalated the matter for a detailed investigation into consumer rights violations. Apple could face fines or be forced to change its business practices.

15 Sep 2026 2:50 pm
No designer outfits, no wedding planner: Gurgaon couple reveals how they saved Rs 10 lakhs on their wedding by making 5 smart choices

A Gurgaon couple brilliantly cut wedding costs by strategically booking vendors well in advance. This allowed them to negotiate prices effectively. The couple opted for practical alternatives instead of splurging on designer brands, planning the entire ceremony themselves, while also supporting local talent. This thoughtful approach focused on cherishing moments and relationships rather than succumbing to financial strain and grandiosity.

15 Sep 2026 2:43 pm
UPI MDR could unlock Rs 22,000 crore revenue pool by FY28: Bernstein

UPI could generate Rs 22,000 crore annually by FY28 through a modest merchant discount rate. Banks might receive Rs 14,000 crore and payment apps Rs 7,000 crore from this pool. This revenue stream focuses on higher-value transactions above Rs 2,000, which dominate transaction value. The government notification exempts smaller UPI transactions from any charges. This creates a pathway for monetising a significant segment of merchant payments.

15 Sep 2026 2:37 pm
DTH operators provide over Rs 11,000 crore against MIB licence-fee demands

DTH operators have provisioned over eleven thousand crore rupees against disputed licence fee liabilities. This industry awaits a government decision on reducing the current eight percent licence fee. Operators face significant subscriber losses and declining revenues due to market shifts. They are now expanding into IPTV, broadband, and OTT aggregation services. The licence fee dispute remains sub judice before various legal tribunals and courts.

15 Sep 2026 2:36 pm
India's trade deficit narrows to $26.86 bn in August from $27.2 bn a year earlier

Indias merchandise trade deficit narrowed marginally to $26.86 billion in August from $27.2 billion a year earlier, as exports rose 26.1% to $43.81 billion while imports grew 14.1% to $70.76 billion.

15 Sep 2026 2:23 pm
Stop buying leafy greens: 7 vegetables you can harvest again and again from the same plant

Growing leafy vegetables at home can provide multiple harvests from the same planting, making them ideal for kitchen gardens and balconies. Spinach, amaranth, fenugreek, kale, Swiss chard, loose-leaf lettuce and mustard greens can continue producing fresh leaves when harvested carefully. Picking mature outer leaves while leaving the central growing point intact encourages regrowth. With suitable sunlight, watering, nutrients and regular harvesting, these greens can offer a steady supply of fresh

15 Sep 2026 2:18 pm
Uno Minda plans Rs 1,415 crore investment to expand auto component manufacturing

Uno Minda will invest Rs 1,415 crore for strategic expansion and capacity boosting. New aluminium casting and alloy wheel plants are planned in Tamil Nadu and Haryana. A moulding facility expansion in Bangalore will also occur to meet increased demand. A joint venture will establish a new plant for automotive parts in Maharashtra. These projects aim to capture growth opportunities and diversify product verticals.

15 Sep 2026 2:11 pm
Musashi India, Bhago Mobility sign LOI for e-axles for electric 3-wheeler

Musashi Auto Parts India will supply electric powertrain systems for Bhago Mobility's new three-wheeler. Production of these e-axles is planned to commence next year. The Bhago Bhim vehicle platform will feature a fixed-battery configuration. This partnership supports the localization of electric mobility technologies in India. The new electric three-wheelers are expected to begin production in 2027.

15 Sep 2026 2:10 pm
NSE IPO: Everything investors need to know about the National Stock Exchange IPO

The National Stock Exchange is gearing up for a much-anticipated initial public offering after overcoming almost ten years of complex legalities and procedural hurdles. Following the submission of its DRHP to SEBI on June 17, 2026, the exchange has finally addressed regulatory concerns, allowing its listing to proceed. However, potential investors must weigh valuation and regulatory risks ahead of the anticipated September 2026 launch.

15 Sep 2026 2:07 pm
152 acres, 300 boxwood shrubs, 100 chickens: Inside Martha Stewarts 26-year-old New York farmhouse. How pruning, mulching and grooming keep her garden healthy

Martha Stewart has transformed her New York farmhouse into a dynamic farm and creative hub, nurturing over 100 chicken breeds alongside 11 pheasants. Her cherished boxwood shrubs are tended to with diligence, particularly in winter. Pruning expert Phurba Sherpa dedicates his skills to sculpting the boxwood borders using traditional Japanese shears, ensuring a vibrant display of colors blooms through every season.

15 Sep 2026 1:48 pm
What if Indias waste could power its growth?

India is seeking to make economic growth more resource-efficient and resilient by expanding recycling infrastructure, strengthening markets for recycled materials and bringing more producers into a regulatory framework for waste management, Union environment minister Bhupender Yadav said on Tuesday.Addressing the inaugural session of the 10th World Circular Economy Forum (WCEF 2026) in Gandhinagar, Yadav said circularity should be viewed not simply as an environmental policy but as a way to impr

15 Sep 2026 1:46 pm
BharatBenz adds new Supaul dealership to Bihar network

BharatBenz has opened a new dealership in Supaul, Bihar. This expansion strengthens its sales and after-sales reach across the Koshi belt. The four-bay 3S facility offers sales, service, and spares support. It aims to reduce vehicle downtime for transporters and fleet owners. This move enhances BharatBenz's customer accessibility in North Bihar.

15 Sep 2026 1:43 pm
Google India, JioStar bring AI-powered Search into prime-time fiction

Google India and JioStar have partnered to bring Google Searchs AI Mode into popular Hindi TV shows Anupama and Yeh Rishta Kya Kehlata Hai. The campaign will use show characters and storylines to demonstrate how conversational AI can help with everyday tasks such as managing household budgets, career decisions and childrens education.

15 Sep 2026 1:32 pm
Bengaluru CA took a Rs 1 crore home loan for 30 years. She shares how Rs 4,000 extra a month could save Rs 42 lakh

Bengaluru CA Meenal Goel explained how small, consistent home loan prepayments could potentially reduce interest costs significantly. Her post sparked discussion, with users suggesting borrowers also consider the time value of money and the propertys potential value after 30 years. Another user agreed with her approach, saying they had advocated and followed similar practices for 16 years in the housing finance market, highlighting the importance of looking beyond headline interest savings.

15 Sep 2026 1:26 pm
Indias PE market turns tougher as buyers seek more protection: Khaitan & Co Survey

Indian private equity buyers now demand greater seller protection and price adjustments. Purchase price adjustments rose significantly, reflecting increased buyer caution and selectivity. Holdbacks and escrow arrangements also saw a sharp increase for buyer recourse. Interim operating covenants and seller restrictions have become more prevalent in deals. This indicates a more mature market where risk allocation is carefully managed.

15 Sep 2026 1:23 pm
Traffic, air quality top infrastructure concerns for office occupiers, CBRE survey finds

Traffic congestion and commute time are top infrastructure challenges for office leasing. Poor air quality and water concerns also threaten business operations and employee experience. Access to public transport is crucial, with occupiers willing to pay a premium. Planned metro expansions and new expressways will unlock new office submarkets. These infrastructure initiatives aim to enhance ease of living across Indian cities.

15 Sep 2026 1:16 pm
Ankur Warikoo spoke to his wife only 30 minutes a week for 2 years during long-distance relationship. His reason for not talking more is surprisingly relevant today

Ankur Warikoo recalled how he and wife Ruchi spoke for only 30 minutes once a week during their two-year long-distance relationship in 2002. Expensive calls made their conversations limited but meaningful, teaching them to cherish their time together. Warikoo believes constant connectivity can make relationships harder and says couples need space to process emotions, miss each other and avoid taking technology-driven access for granted.

15 Sep 2026 1:06 pm
Dinesh Sharma takes oath as lieutenant governor of the Andaman and Nicobar Islands

Dinesh Sharma took the oath as the 14th Lieutenant Governor of Andaman and Nicobar Islands. Calcutta High Court Chief Justice administered the oath of office and secrecy to Sharma. Sharma previously served as Deputy Chief Minister of Uttar Pradesh and mayor of Lucknow. His portfolios included higher education and science and technology in the UP government. Admiral DK Joshi (retd) was Sharma's predecessor, serving since October 2017.

15 Sep 2026 1:03 pm
In 2025, DLR tested continuous spirulina growth on the ISS for future closed-loop life support; Limnospira indica produced oxygen and edible biomass in microgravity

In a groundbreaking experiment, scientists have successfully cultivated spirulina aboard the International Space Station, paving the way for future Mars exploration. This remarkable blue-green algae can generate oxygen and produce biomass, allowing astronauts to grow food and breathable air independently of Earth. With its high nutritional value and small ecological footprint, spirulina could revolutionize space travel and even enhance disaster relief efforts back on our planet.

15 Sep 2026 1:00 pm
38 people buried for 600 years make this Peru tomb the discovery of the decade and reveal a hidden world of Chim power, wealth and ancient rituals

A remarkable find at Chan Chan in Peru reveals an ancient burial platform that has been sealed for 600 years. This untouched tomb houses the remains of 38 individuals, alongside significant artifacts from the Chim civilization. The discovery presents a valuable glimpse into elite burial practices and societal structures.

15 Sep 2026 12:53 pm
Delhi HC to hear plea on Wednesday seeking stay on DUSU elections over alleged Lyngdoh norm violations

The Delhi High Court will hear a plea challenging the ongoing DUSU election process. This plea alleges violations of Lyngdoh Committee recommendations and Supreme Court directions. The petitioner seeks to quash the candidate shortlisting notice and election notification. She also wants elections conducted strictly according to the DUSU Constitution and court judgments. The court will consider an interim stay on the election process which is scheduled soon.

15 Sep 2026 12:52 pm
If you don't fight, you are not married: Sudha Murty shares 3 advice for working couples to avoid fights

Sudha Murty shared four pieces of advice for young couples during a session at the India Today Conclave 2024, where she appeared with husband N.R. Narayana Murthy. She said disagreements are inevitable, but couples should avoid getting angry together. She also stressed accepting imperfections, embracing give-and-take and sharing household responsibilities. Murty urged working husbands to support their wives instead of expecting them to manage careers and homes alone.

15 Sep 2026 12:44 pm
Mookuthi Amman 2 OTT release: Where to watch Nayanthara's upcoming Tamil fantasy comedy movie online after its theatrical run

Nayanthara reprises her divine role in Mookuthi Amman 2, set for release. The fantasy comedy sequel will arrive in theaters on November 6, 2026. Sundar C directs the film, which features Regina Cassandra as the antagonist. This marks Nayanthara's major Tamil release for the year 2026. Read on to know more about it.

15 Sep 2026 12:38 pm
2-hour wedding, flower decor given as gifts: Indian woman living in South Korea reveals unique marriage traditions

An Indian woman living in South Korea shared her surprise at local wedding customs. South Korean weddings are brief, concluding within approximately two hours. Guests receive flowers used in decor as thoughtful return gifts. She also highlighted a unique work culture perk involving fitness challenges. Employees earn luxury fashion items for completing consistent exercise routines.

15 Sep 2026 12:37 pm
India's met coke imports set for record despite anti-dumping levy

India's met coke imports are set to reach a record high this year. Domestic shortages and strong pig iron demand fuel higher overseas purchases. This rise occurs despite an anti-dumping levy imposed in July. Pig iron producers import met coke to avoid duties on exports. met coke prices increased significantly due to rising coking coal costs.

15 Sep 2026 12:36 pm
India's middle-income trap has a problem money may fix

Economist Thomas Piketty says India can escape the middle-income trap through massive investment in education, healthcare and infrastructure, while deeper global cooperation is needed for inclusive growth. He warns that climate change, rather than artificial intelligence, could become the real geopolitical battleground, urging India to reduce its material footprint and support sustainable development and greater global economic justice.

15 Sep 2026 12:30 pm
Air India board meets to discuss new CEO's pay

Mumbai: Air India's board of directors are meeting in the city on Tuesday as the airline is set to see the CEO transition, with former Ethiopian Airlines Group chief Tewolde Gebremariam expected to formally take charge later this month.At the board meeting chaired by N Chandrasekaran, who is the Chairman of Tata Sons, various matters, including the salary structure of the incoming CEO, are expected to be discussed, according to sources.Campbell Wilson, the MD and CEO of Air India, will be steppi

15 Sep 2026 12:30 pm
Air India expands use of Salesforce's AI platform to streamline customer services

Air India is expanding its use of Salesforces Agentforce AI platform to automate customer service tasks, including email resolution, passenger name changes and access to service-related information. The airline has more than 30 agentic AI initiatives underway across its digital ecosystem, Salesforce said.

15 Sep 2026 12:23 pm
Indias richer households are fuelling a market-investing boom

India's economy will grow due to domestic consumption and infrastructure spending. Rising incomes will support a higher growth trajectory by the year 2030. Households are shifting savings towards market-linked investments and mutual funds. Mutual fund assets under management have significantly increased recently. This growth reflects increased financial literacy and digital access.

15 Sep 2026 12:17 pm
Quote of the day by Sylvester Stallone: 'Nobody is gonna hit as hard as life, but it ain't how hard you can hit. It is...'- What Rocky Balboa actor's powerful dialogue teaches us about never giving up

Sylvester Stallone's memorable quote from Rocky Balboa captures the essence of resilience in this era. It reminds us that true strength is not in avoiding challenges but in rising after every fall. This empowering message resonates with anyone who's faced failure. Read on to know how this quote of the day teaches us about never giving up.

15 Sep 2026 12:03 pm
Jackie Shroff turned his Pune farmhouse into a mini forest: 700+ plants, organic gardens and an eco-friendly home

Jackie Shroffs farmhouse between Mumbai and Pune is a sprawling 44,000 sq ft green retreat with more than 700 plants and trees, organic gardens and eco-friendly architecture using natural stone and timber. The property also features a fish pond, poultry section, open-air amphitheatre, swimming pool, jacuzzi, akhada-style gym and Titanic Point, reflecting his deep passion for nature and sustainability.

15 Sep 2026 11:44 am
The next phase of Indias digital payments dominance: Trusted AI-led agentic commerce, Visas Sethi says

Indias digital payments ecosystem is a showcase for the world. The infrastructure is ready to take the next leap: agentic commerce, where AI agents will make decisions and payments. For that to happen, however, trust is non-negotiable, and it has to be embedded into the architecture. Visa Group Country Manager, India and South Asia, talked about this and more with The Economic Times at the Global Fintech Fest 2026. Read on!

15 Sep 2026 11:41 am
A dozen ingredients show India's mounting food inflation risk

Indias everyday thali is getting costlier as weak monsoon rains, the Iran and Ukraine wars and rising demand for crops used in biofuels push up food prices. Onions are nearly 50% more expensive than a year ago and ginger has surged over 70%, adding pressure on households just as the festive season begins.

15 Sep 2026 11:40 am
I am a mother, I am paranoid: Kareena Kapoor reveals why she worries about AIs impact on sons Taimur and Jeh

Kareena Kapoor expresses worries regarding her sons Taimur and Jeh's excessive screen time. She and Saif Ali Khan have differing views on managing their children's digital habits. Kareena is vigilant about limiting gadget access and fears AI's growing impact. She advocates for banning certain applications to protect her children's well-being. The actress is preparing for her upcoming film Daayra, set for release soon.

15 Sep 2026 11:36 am