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The Economic Times

Economy / The Economic Times

EU waste proposal would ban India from importing bloc's metal scrap

India will face import restrictions on EU metal waste starting May 2027. The European Commission proposed this new law, affecting aluminium scrap shipments. This move follows the Commission abandoning a previous export duty plan on aluminium scrap. Thirty-two non-OECD nations applied for exemptions for non-hazardous waste categories. Exemptions require proof of environmentally sound treatment of the waste materials.

18 Sep 2026 7:22 pm
India catches iPhone 18 fever as launch-day frenzy sweeps Apple stores nationwide

Apple's new iPhone 18 series launched across India with eager fans lining up. The premium iPhone 18 Pro and Pro Max models are now available for purchase. Customers cited upgraded features and brand appeal as reasons for their purchases. Excitement for the new devices was visible in major cities nationwide. This launch precedes India's important festive shopping season.

18 Sep 2026 7:05 pm
Actor Johnny Depp to unveil first-ever sculpture in Istanbul. The Bunnyman has an interesting story dating back to his childhood

Marking a milestone in his artistic journey, Johnny Depp will introduce his first sculpture, The Bunnyman, in Istanbul this month. This impressive two-meter white bronze sculpture is derived from a childhood drawing by his son, a concept that has inspired much of Depp's art. With his works increasingly garnering public interest and his prints quickly selling out, this sculpture marks a notable advancement in his visual art endeavors.

18 Sep 2026 7:04 pm
FMCG distributors seek zero-MDR for UPI transactions; write to PM

The association urged the government to address the implications of calculating the merchant discount rate on gross payments and resulting cascading tax incidence. It said in its note that FMCG retail and distribution businesses operate on very thin margins, hence a 0.4% MDR can represent significant erosion of actual earnings.

18 Sep 2026 7:04 pm
Housing prices in 11 small cities up 63% since 2021, beating value growth in top 8 markets: Report

Housing prices in eleven smaller Indian cities have risen significantly since 2021. These markets show higher value appreciation than India's eight major real estate hubs. The report identifies these cities as potential leaders for future real estate growth. Their economic fundamentals are strengthening, supported by infrastructure and consumption. This trend indicates a broadening of real estate growth beyond traditional metropolitan centers.

18 Sep 2026 6:26 pm
460-calorie coffee vs 415-calorie breakfast: Delhi nutritionist shares morning meal swap that can keep you full for hours

A balanced breakfast offers better daily energy and focus than sugary coffee, claims Delhi nutritionist Lovneet Batra. Nutrient-rich meals provide essential vitamins and minerals alongside calories. Complex carbohydrates and fibere promote sustained energy release and fullness. Protein from sources like sprouts and yoghurt enhances meal satisfaction. Prioritizing whole foods creates a healthier start to the day.

18 Sep 2026 6:16 pm
Rs 100 for beach walks, fun outings: Bengaluru woman praises Mumbai after week-long stay. Shares 5 things Bengaluru is missing

A Bengaluru woman recently took to social media to express her admiration for Mumbai. She was captivated by the citys lively atmosphere and intriguing social dynamics. Among her highlights were the affordable entertainment options and the convenience of public transport. Although she noted some downsides, her strong feeling of community led her to believe that Mumbai truly embodies a one-of-a-kind lifestyle.

18 Sep 2026 6:01 pm
Astronomers have found a 'baby' planet and named it Elias 2-24 b. The Jupiter-size world is less than 1 million years old

Astronomers have made an exciting discovery with Elias 2-24 b, recognised as the youngest planet identified to date. This gas giant is still enveloped in the material from its formation, indicating it is in a state of growth as it gathers more matter from its surrounding disk. Analysing previous telescope data has allowed scientists to gain valuable insights into the processes behind the formation and evolution of giant planets.

18 Sep 2026 5:59 pm
Air India's incoming CEO Tewolde Gebremariam weighs folding budget arm AI Express into group to cut costs

Air India's incoming CEO is exploring merging Air India Express with the group to reduce operational costs, with the basic aim of streamlining management and lowering regulatory requirements. The proposed merger will require board approval for implementation. Air India is currently facing significant financial losses and operational challenges.

18 Sep 2026 5:47 pm
UPI MDR from October 15: Govt plans daily monitoring to stop merchants passing 0.4% fee to customers

The government is in negotiations with payment aggregators over new UPI transaction fees, ensuring that these charges will not be imposed on consumers, as stated by officials. The finance ministry will closely monitor adherence to the new guidelines on a daily basis. Revenue generated will aid small merchants in embracing UPI, striking a balance between managing costs and fostering digital payment expansion.

18 Sep 2026 5:45 pm
In 1799, a boy found a big yellow rock in a North Carolina creek; it was used as a doorstep and his father sold it for $3.50 without knowing it was gold. What happened next changed the fate of one family and North Carolina forever

In 1799, one bored adolescent boy found a piece of yellow rock at the family farm. The stone, which served as a doorstop for three years at the Reed Farm in North Carolina, was identified as gold and sold for a paltry $3.5. It was only after this sale that soldier-turned-farmer John Reed realised his folly and decided to turn to mining. This act changed the fortunes of the Reed family and also triggered Americas first Gold Rush.

18 Sep 2026 5:44 pm
UPI MDR kicks in October 15: RBI DG says merchant fee on payments above Rs 2,000 wont trigger cash surge

In a recent statement, RBI Deputy Governor Shirish Chandra Murmu clarified that adopting a Merchant Discount Rate won't necessarily encourage more cash transactions. He highlighted the intriguing trend where digital transactions grow while cash circulation also rises, asserting that cash fulfills dual purposes as a transaction method and a valuable resource.

18 Sep 2026 5:25 pm
India's forex reserves drop $4.92 billion to $780.78 billion as of September 11

India's foreign exchange reserves saw a significant decrease of $4.92 billion. This decline brought the total reserves down to $780.78 billion. The Reserve Bank of India released this data on Friday. The reporting period concluded on September 11. This information reflects recent economic activity.

18 Sep 2026 5:19 pm
Indias first hydrogen train has room for 2,600 passengers, but only 40-60 are riding it: Two months after launch, heres why Railways is planning to extend it to Delhi

Hydrogen Delhi Route: Indias first hydrogen train may be extended to Delhi after recording low passenger numbers on its existing route in Haryana. The technology demonstrator has seen limited ridership on the Jind-Sonipat route. Indian Railways is exploring an extension to Azadpur station in Delhi. Low passenger turnout on the current route means the train currently operates only one daily round trip. Local passengers have also suggested creating a circuit within Haryana to improve its utilisati

18 Sep 2026 5:14 pm
70k salary, 1.5k rent, 40% tax: Bengaluru techie who lived in Germany for 6 years gives reality check on moving abroad. Think twice.

A Bengaluru techie shared his experience after 6 years in Germany. He explained how high taxes and living costs significantly reduced his 70k salary. This compensation package felt similar to a modest Indian salary after accounting for expenses. He returned to India for its emotional intensity and vibrant atmosphere. The techie advised careful consideration before relocating abroad for work.

18 Sep 2026 5:14 pm
As fight over Tata empire's future intensifies, low-profile Noel steps into spotlight

Noel Tata has made clear he opposes a listing of Tata Sons, arguing it should continue to be privately held, with every option explored to avoid an initial public offering. His stance has placed him at the centre of a widening debate about how India's largest conglomerate should be governed.

18 Sep 2026 5:03 pm
India needs to fix travel experience to attract more foreign tourists, Nikhil Kamath ignites tourism debate

To increase the number of foreign visitors, India should improve the tourist experience upon arrival. Experts highlight the importance of resolving issues such as lengthy queues and inadequate public washrooms. The lack of hotel rooms during peak seasons also deters travelers. Innovative travel solutions, including AI assistants, are on the rise. By diversifying destinations, India can promote longer visits and encourage repeat travelers.

18 Sep 2026 5:01 pm
Canada advances trade talks on agreements with India, ASEAN, and the Philippines

Canadian Minister Maninder Sidhu will visit Mumbai to boost trade ties with India. He will meet with Piyush Goyal to advance economic partnership agreement negotiations. Sidhu will then travel to Manila for ASEAN economic minister consultations. Discussions will focus on advancing free trade agreements with ASEAN and the Philippines. Canada aims to significantly increase exports to markets beyond the United States.

18 Sep 2026 4:59 pm
I just stopped, dropped everything: NASA scientist recalls spotting a mysterious bright spot on Moon that turned out to be a once-in-century crater

A routine data-quality check took an unexpected turn when NASA scientist Robert Wagner spotted a mysterious bright spot surrounded by a dark halo on a giant map of the Moon. I just stopped, dropped everything, and started looking into what that spot was, Wagner said. His investigation led to the discovery of McGetchin, a newly formed Moon crater created by a powerful space-rock impact that scientists estimate happens only once in a century.

18 Sep 2026 4:58 pm
AN45 eyes 2.5-times revenue growth, enters Delhi market with Gluta Collagen range

The company is expanding its product offerings and consumer base nationally. AN45 is also evaluating key North Indian markets for further geographic expansion. Physical retail stores are being considered for Delhi and other key markets. The bootstrapped venture has invested Rs 3 crore in its operations to date.

18 Sep 2026 4:56 pm
India rejects Pakistan's allegations regarding collision of Indian, Pak ships

India has rejected Pakistan's allegations concerning a naval collision in the Arabian Sea. New Delhi summoned the Pakistani Charge d'Affaires to lodge a strong protest. The incident occurred after a Pakistani vessel closed in on an Indian warship. India stated the Pakistani ship acted unprofessionally and violated maritime agreements. The Indian vessel INS Kolkata sustained no major damage and remains operational.

18 Sep 2026 4:55 pm
In 1919, France declared 1200 sq km area as Zone Rouge after World War 1. No one lives there even after a century and the battlefield turned into a forest

France's Zone Rouge is still off-limits due to the devastating impact of World War I. Unexploded shells and remnants of chemical warfare linger in the soil today. Many villages, left in ruins, are classified as legally existing yet have no inhabitants. Although nature has started to reclaim the area, hazardous materials remain underground.

18 Sep 2026 4:55 pm
India's cultural, civilisational renaissance remained incomplete after Independence: Rajnath Singh

Defence Minister Rajnath Singh stated India's cultural renaissance remained incomplete after independence. He attributed this to appeasement politics and a distorted secularism concept. Singh highlighted India's ongoing cultural and civilisational renaissance under Prime Minister Modi. He emphasised strengthening national consciousness through heritage awareness for progress. India's achievements in defense, economy, and poverty reduction were also noted.

18 Sep 2026 4:52 pm
Charlie Puth sells family California home where he married Brooke Sansone for $18.5 million. Makes a whopping profit of $14.33 million

Singer Charlie Puth has successfully sold his stunning Montecito abode for a whopping eighteen point five million dollars. This was the cherished location where he tied the knot with Brooke Sansone in September twenty twenty-four. With a friendship dating back to childhood, they began their romantic journey in twenty twenty-two.

18 Sep 2026 4:51 pm
Delhi new traffic challan system: 50% payment required before appeal, designated officers to dispose grievances

Delhi will soon implement a new traffic challan system for motorists. Grievance rejection will require depositing fifty percent of the penalty before court. Designated officers will handle complaints against traffic challans under amended rules. The Delhi Traffic Police is upgrading its e-challan machines and camera systems. This revamped system will create a complete digital workflow for all challan processes.

18 Sep 2026 4:45 pm
India's August crude oil imports fall over 11% month-on-month

India's crude oil imports in August witnessed a significant decline, falling by more than eleven percent compared to July. On an annual basis, imports also dropped by three percent. Although there was a rise in product imports from the prior month, year-on-year comparisons showed a sharp decrease. Fuel consumption reached a concerning low, the weakest since September 2024.

18 Sep 2026 4:40 pm
Ever wondered how elephants sleep? IAS officer Supriya Sahu explains why it is a rare sight

A captivating video re-shared by IAS officer Supriya Sahu captures the serene sight of elephants peacefully dozing in the lush forests of Assam. Remarkably, these majestic animals typically enjoy only two hours of sleep each day, often remaining upright. They only lie down when they feel absolutely safe. The herds shared resting illustrates profound trust among them, providing an extraordinary insight into their rare sleeping behavior.

18 Sep 2026 4:40 pm
What is Gondhal pooja? Kantara-like Marathi ritual behind India's 2027 Oscar film entry where people dance in a night-long celebration to invoke deities

Marathi thriller Gondhal has been selected as India's official entry for the 2027 Oscars. The film is set during a night-long Gondhal ritual in rural Maharashtra, a traditional form of music, dance and deity worship. Here's what Gondhal pooja is, how the ritual is performed and whether the film can be compared with Kantara.

18 Sep 2026 4:39 pm
Quote of the Day by Warren Buffett: Be fearful when others are greedy, and be greedy when others are fearful a timeless lesson for investors on the value of patience, disciplined decision-making and long-term thinking as Oracle of Omaha steps down as Berkshire Hathaway chairman

Quote of the Day by Warren Buffett: Warren Buffett's philosophy emphasizes emotional discipline for making sound decisions. He advises caution during greed and opportunity during fear among investors. Independent thinking and patience are crucial for navigating market fluctuations effectively. This mindset extends beyond investing to careers and personal life choices. Remaining rational and independent offers a significant advantage in achieving success.

18 Sep 2026 4:37 pm
Russian Proverb of the Day: Without labor, you cannot even pull a fish out of a pond Why success requires continuous effort; a lesson on dedication and perseverance

Achieving any desired goal necessitates unwavering commitment and consistent effort rather than mere initial excitement. A Russian proverb reiterates that true success stems from hard work and perseverance. Relying solely on passive hope or good intentions can never substitute the effort required for real achievements. Significant rewards await those who are willing to invest the necessary labor, applying this concept across professional, educational, and personal growth avenues.

18 Sep 2026 4:37 pm
Tata Electronics, L&T Semiconductor partner to manufacture chips in India

LTSCT and Tata Electronics have partnered strategically to elevate the domestic semiconductor chip industry. This alliance aims to integrate LTSCT's cutting-edge design techniques with Tata Electronics' extensive experience in packaging and manufacturing. By tapping into diverse sectors for chip production and packaging, this collaboration highlights a crucial advancement in strengthening India's position in the global semiconductor supply chain.

18 Sep 2026 4:34 pm
Early voting begins in US midterm elections that could flip control of Congress

Early in-person voting for the US midterms begins Friday in Virginia, opening the final stretch before the November 3 elections that will decide control of Congress. Voters head to the polls amid concerns over living costs, the Iran war, immigration and changes to congressional maps, while disputes over election rules continue.

18 Sep 2026 4:32 pm
Tata Sons listing: Who holds the shares, who holds the cards

Tata Sons board has backed N Chandrasekaran for another five years and begun considering steps to meet RBI requirements that could lead to a listing. But Tata Trusts, which owns about 66% of the holding company, is challenging his reappointment and opposes an IPOsetting up a battle between the board, controlling shareholder and regulator over Tata Sons future.

18 Sep 2026 4:30 pm
Personalised diet plan for weight loss: Why most diet plans fail when real life gets busy

Keeping a diet steady can be tough when work, travel, family meals, and social events throw off the schedule. A real nutrition plan has to fit around life, not force life to change for it. Custom meal choices, expert help, and steady support let people eat well even when daily plans shift.

18 Sep 2026 4:27 pm
Bengaluru GST officer wanted Rs 20 lakh to close a tax case, caught taking Rs 8 lakh from businessman

A Central GST official, Mohit Pratap Singh, has been apprehended for allegedly soliciting a bribe of twenty lakh rupees from a businessman to settle a tax evasion case. During the operation, he was found in possession of eight lakh rupees, which he received through an agent, Salman Sheik, who was also arrested. Both have been placed in judicial custody as investigations continue.

18 Sep 2026 4:24 pm
Domestic CV wholesale volumes to grow 4-6 pc in FY27: ICRA

Domestic commercial vehicle wholesale volumes are projected for moderate growth this fiscal year. Medium and heavy vehicles should see slight increases, while light vehicles are expected to grow more. Bus volumes are also anticipated to experience a modest year-on-year expansion. Strong growth in the light commercial vehicle segment reflects healthy last-mile transportation activities. However, elevated ownership costs remain a significant challenge for the industry.

18 Sep 2026 4:12 pm
Varun Dhawan worries over poor soil health at new farm. It has been giving me sleepless nights.

Varun Dhawan has recently acquired a farm and is faced with a pressing concern. He discovered that the soil is lacking in vital nutrients and heavily depleted. Moreover, he noted that the chemicals used are adversely affecting both soil quality and food. In response, Dhawan is reaching out to agricultural experts for guidance on restoring the natural fertility of the soil.

18 Sep 2026 4:11 pm
Amaravati set to become Indias second greenfield city with fully privatised power distribution

Andhra Pradesh's new capital, Amaravati, will completely privatize its power distribution network. This move follows Greater Noida's successful privatization model initiated in 1993. The city will also feature a unique underground cable network for electricity distribution. Farmers contributed land for this planned capital, which expects significant population growth. Existing substations will be upgraded as the capital develops and settles.

18 Sep 2026 4:11 pm
Renault India resumes Sri Lanka exports with 100-vehicle shipment

Renault India has resumed exports to Sri Lanka, shipping 100 Triber, Kwid and Kiger vehicles from its Chennai plant. The return expands Renaults export footprint to 16 countries, with the automaker also planning to introduce the New Duster as it rebuilds its presence in the Sri Lankan market.

18 Sep 2026 3:59 pm
Alabama dumped 16,000,000 used oyster shells from restaurants into the sea. What happened next surprised researchers in development of new coastal lines, marine life, and cleaner water

Oyster shells are being repurposed along the Gulf Coast to restore essential marine ecosystems. By forming a strong foundation for new oyster reefs, these recycled shells bolster marine biodiversity. In addition to enhancing water clarity through their filtration capabilities, they serve as a natural barrier, safeguarding Louisiana's shorelines against erosion and storm impacts. This project aligns restaurant operations with crucial coastal restoration efforts.

18 Sep 2026 3:47 pm
Quote of the day by Anne Frank: It is utterly impossible to build my life on a foundation of chaos and suffering. Young diarists timeless lesson on finding light in dark times

Anne Franks diary remains a powerful record of life in hiding during the Nazi occupation of the Netherlands. Amid fear, suffering and uncertainty, the young Jewish diarist reflected on her hopes for the future and her refusal to let darkness define her life. Her words continue to offer a timeless reminder to seek hope, meaning and light despite adversity.

18 Sep 2026 3:20 pm
After Musafir Cafe fame, Vikrant Massey to open 2 replica cafes in Himachal Pradesh and Uttarakhand

Actor Vikrant Massey is set to launch two innovative cafes in the picturesque regions of Uttarakhand and Himachal Pradesh. Drawing inspiration from his acclaimed web series Musafir Cafe, these cafes are already under construction. Each location promises a unique experience with twenty dedicated artist residency rooms, fostering creativity and collaboration in stunning natural surroundings.

18 Sep 2026 3:15 pm
Mazagon Dock Shipbuilders to invest Rs 15,000 crore in Andhra shipyard

Mazagon Dock Shipbuilders will invest Rs 15,000 crore in Andhra Pradesh over seven years. A new greenfield shipyard will be developed at Dugarajapatnam, creating many jobs. This project is part of Andhra Pradesh's proposed shipbuilding and port cluster. The state's report estimates the shipbuilding yard at Rs 29,254 crore. The shipbuilding cluster is being developed under the central government's scheme.

18 Sep 2026 3:11 pm
High diesel prices tighten gasoline supply; global exports fall 24%: Goldman Sachs

Global gasoline exports have declined 24 per cent year-on-year as high diesel prices encourage refineries to priorities diesel production, tightening gasoline supplies across major markets, according to a Goldman Sachs report.

18 Sep 2026 3:05 pm
Cash-flow-based lending to become important for new-age sectors: SBI MD

As new industries emerge, cash-flow-based lending is poised to play a pivotal role in their growth. With traditional collateral often absent, banks such as the State Bank of India are actively researching this funding model. To extend financing effectively, a deep comprehension of technology and anticipated revenue is crucial, as banks frequently encounter obstacles in determining revenue and cash flow for innovative projects.

18 Sep 2026 2:59 pm
India has a once-in-a-generation semiconductor demand window: Infosys SVP Vikram Meghal

India is experiencing a once-in-a-generation demand window in semiconductors and must shift from Engineered in India to Invent in India, according to Infosys Senior Vice President Vikram Meghal at SEMICON India 2026.

18 Sep 2026 2:52 pm