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The Economic Times

Economy / The Economic Times

OPEC+ leaders expected to up July oil output target despite Hormuz disruption, sources say

Seven key OPEC+ oil nations are poised to increase July output by approximately 188,000 barrels per day. This decision comes as the group meets on June 7. Despite ongoing disruptions from the Iran war, OPEC+ has been raising its monthly targets since April. The United Arab Emirates' recent departure from the group is noted.

21 May 2026 9:25 pm
Eicher Motors forays into financial services with Volvo Group, board approves Rs 750-cr investment

Eicher Motors will invest up to Rs 750 crore in a new joint venture with Volvo Financial Services India. This new entity will provide financing for Eicher, Volvo, and Royal Enfield products in India. The joint venture aims to enhance customer experience by offering accessible financing solutions.

21 May 2026 9:03 pm
Standardise documentation for advancing international mobility of skilled workers: Niti

Niti Aayog proposes government action to boost skilled Indian worker mobility abroad. Key recommendations include formalizing contracts and transparency. Group visa submissions through bilateral channels are also suggested. Standardizing documentation and pre-verification systems will streamline the process. This aims to leverage India's demographic advantage before it declines. The move supports worker welfare and national economic gains.

21 May 2026 8:59 pm
SpaceX's nearly $2 trillion IPO is heavily banking on this one entity and it's top on Elon Musk's priority list

SpaceX would join a small group of companies valued at $2 trillion, most of which have steady revenue and strong profits.

21 May 2026 8:48 pm
Indias BRICS presidency: Beyond trade and investment narratives

India's upcoming BRICS presidency in 2026 presents a key chance to foster global stability. Discussions highlight the need for practical cooperation and tangible outcomes. BRICS+ can evolve into a more cohesive bloc, strengthening its voice for developing nations. India aims to guide focused initiatives in trade, investment, and digital connectivity, contributing to a balanced world order.

21 May 2026 8:46 pm
Say no to cold drinks, ice cream, sugary treats: Celebrity nutritionist shares 5 simple foods to stay naturally cool during a summer heatwave

As India swelters, integrative lifestyle expert Luke Coutinho advises against relying on sugary drinks for heat relief. He emphasizes that true body cooling comes from proper hydration, balanced electrolytes, good digestion, quality sleep, and reduced processed foods. Natural habits and foods like cucumber, coconut water, watermelon, curd, and mint are highlighted for their cooling benefits.

21 May 2026 8:38 pm
Isuzu Motors India brings new leasing solution for crew-cab pickup truck

Isuzu Motors India has launched a new leasing option for its ISUZU D-Max S-CAB pickup truck. This move targets businesses and fleet operators. The leasing model offers a convenient way to access commercial vehicles. It removes the burden of ownership and upfront capital investment. This makes Isuzu commercial vehicles more accessible and financially efficient for entrepreneurs.

21 May 2026 8:37 pm
Ebola scare in US-bound Air France flight as flyer denied entry to Detroit after plane diverted to Canada's Montreal

Ebola outbreak linked to a rare virus. There is no available vaccine or medicine for the Bundibugyo strain responsible for the outbreak.

21 May 2026 8:35 pm
RIL, foreign firms refute in SC Centre's claim of 'unjust' extraction of gas from KG basin

Reliance Industries and its offshore partners are strongly denying allegations of siphoning gas from ONGC fields. The companies are in the Supreme Court challenging a High Court verdict that overturned an arbitral award in their favor. The Centre had demanded over a billion dollars for gas allegedly migrated from ONGC blocks to their KG-D6 area.

21 May 2026 8:32 pm
Indias unincorporated businesses rise to 9.2 crores in Q4FY26

India's small businesses are booming. The number of unincorporated establishments grew by 16.7% to 9.2 crore in the January-March quarter. Rural areas led this expansion with a 20.5% increase. Employment also rose 15.5% to 151.7 million, driven by the services sector. Women's participation in the workforce increased. Digital adoption remains high among these businesses.

21 May 2026 8:30 pm
Parliamentary panel members grill top NTA officials over NEET paper 'leak'

Top NTA officials faced grilling from MPs regarding the NEET-UG paper leak. The Director General stated the leak did not originate from their system, with the CBI now investigating. MPs questioned the exam cancellation and retest, while NTA officials presented reforms and considered computer-based testing.

21 May 2026 8:28 pm
Varun Beverages, PepsiCo India extend bottling pact till 2049, gets wider business freedom

Varun Beverages Ltd. has extended its exclusive bottling and trademark license agreement with PepsiCo Inc. in India until April 30, 2049, replacing the previous term ending in 2039. The revised agreement also removes a key restriction, allowing VBL to pursue businesses outside of PepsiCo operations, signaling a deepening strategic partnership.

21 May 2026 8:19 pm
Movie dialogue of the day by Tom Hanks: 'Life was like a box of chocolates. You never know what you're gonna get' ; life lesson from Forrest Gump's iconic words

Life's inherent unpredictability is a central theme, as exemplified by the beloved character Forrest Gump. Despite facing intellectual challenges and social ostracization, Gump navigates life with an optimistic outlook, leading to unexpected success and fulfilling relationships. His journey, famously described as like a box of chocolates, highlights how embracing the unknown can lead to a rich and meaningful existence.

21 May 2026 8:14 pm
Jaipur Dairy hikes Saras milk prices by Rs 2 per litre

Jaipur Dairy has raised prices for Saras milk. Toned milk now costs Rs 56 per litre. Standard milk is Rs 62 per litre. Saras Gold milk is Rs 70 per litre. Prices for curd, buttermilk, lassi, and paneer have also increased. A 200-gram paneer packet is now Rs 80. A 200-gram curd packet is Rs 18.

21 May 2026 8:09 pm
Movie dialogue of the day by Jim Carrey: 'You can't get any further away before you start coming back' - The Truman Show actor on leaving your comfort zone for personal growth

Jim Carrey's iconic role in The Truman Show featured a profound line about personal growth. Truman Burbank's statement, 'You can't get any further away before you start coming back,' resonates with the modern struggle of navigating confusion and detachment. This sentiment highlights how difficult detours can lead to self-awareness and a more meaningful life.

21 May 2026 8:09 pm
India is the future and will be one of the biggest markets for us: Airbnb CEO Brian Chesky

Airbnb is significantly expanding its presence in India, driven by a large Gen Z population and the potential of AI. The company aims to become a broader travel and lifestyle platform, leveraging AI to accelerate product development and enhance customer support in this key growth market.

21 May 2026 7:55 pm
Lava to invest 1,100 cr in components in next five years

Homegrown handset maker Lava International is set to invest Rs 1,100 crore over the next five years. This investment will focus on manufacturing critical electronics components in-house. The company has already begun producing self-designed mobile phone chargers. This strategic move aims for value addition and diversification in its manufacturing capabilities.

21 May 2026 7:54 pm
Quote of the day by Robin Williams: You do not know about real loss because it only occurs when you have loved something more than you love yourself - Good Will Hunting actor on the true meaning on emotional devotion and selflessness

Robin Williams' poignant quote from 'Good Will Hunting' defines true loss as loving something more than oneself. This profound statement, delivered by his character Sean Maguire, highlights the depth of emotional pain stemming from selfless love and sacrifice. The article explores its modern relevance, emphasizing that vulnerability and emotional risk are essential for meaningful connections.

21 May 2026 7:43 pm
Oil crisis: World is set to run out of fuel in July? Here's what International Energy Agency is saying

Brent oil futures were trading around $108 per barrel on Thursday, off their wartime highs of $126 per barrel, but still significantly above the $70 per barrel they were trading at before the Iran war began.

21 May 2026 7:41 pm
US manufacturing activity rises to four-year high in May, S&P Global survey shows

American factories saw a significant boost in May, reaching their highest activity level in four years. Businesses are stocking up on goods to prepare for potential shortages and increasing prices. This surge in manufacturing comes as global supply chains face disruptions. While manufacturing is growing, the services sector shows a slowdown.

21 May 2026 7:40 pm
Stellantis says to invest 60 bn euros over five years

Automaker Stellantis is investing 60 billion euros over five years. The company plans to reduce its production capacity in Europe by 20 percent. Stellantis will launch over 60 new vehicles and refresh 50 existing models. This strategy aims to accelerate growth and profit. The company is also forming partnerships with Chinese firms for manufacturing and sales operations.

21 May 2026 7:36 pm
Dalmia Bharat nears deal for JAL cement assets after Adani insolvency takeover: sources

Dalmia Bharat is set to acquire Jaiprakash Associates' cement assets for over Rs 2,500 crore. This follows Adani Group's acquisition of Jaiprakash Associates under insolvency. The deal settles past disputes. Adani Ports is also acquiring a fertilizer holding company. Adani Power has acquired Jaiprakash Associates' power assets. These moves signal significant consolidation in India's infrastructure sector.

21 May 2026 7:28 pm
Adani Total Gas appoints Sanjay Pandita as CEO, effective May 22

Adani Total Gas has appointed Sanjay Pandita as its new CEO, effective May 22, 2026. With 25 years of experience in the energy sector, Pandita is recognized for his expertise in natural gas, LNG, and low-carbon solutions. His career includes significant contributions to India's clean energy transition and business growth in city gas distribution and mobility.

21 May 2026 7:27 pm
Super Mario Movie 3 shock: Why Nintendo is delaying Marios return after Galaxys massive $967M box office explosion | Release Window details

While audiences wait for Super Mario Movie 3, fans can already revisit The Super Mario Galaxy Movie from home. The film is currently available to rent or purchase on digital platforms. Physical Blu-ray and DVD editions are expected to arrive in June, with a streaming release anticipated later on Peacock.

21 May 2026 7:04 pm
Three trademark applications filed to register Cockroach Janata Party, official records show

Three trademark applications were filed for the name 'Cockroach Janata Party'. This development follows the satire social media handle's rapid growth. The account has now surpassed the ruling Bhartiya Janata Party's Instagram follower count. It quickly gained millions of followers, reaching over 16 million by May 21.

21 May 2026 7:03 pm
Unincorporated establishments surge to over 9 cr; jobs hit 15-cr mark: Govt survey

India's unincorporated non-agricultural sector shows remarkable growth. Over 9 crore establishments now operate, employing more than 15 crore people. This surge, particularly in rural areas, highlights the sector's increasing importance. Services are expanding rapidly, and women's participation is notable. Digital adoption is also on the rise, with most businesses using the internet and cashless transactions.

21 May 2026 7:01 pm
Vladimir Putin sends nuclear warning. Here is the message for Donald Trump, other world leaders

Russian President Vladimir Putin has repeatedly reminded the world about Moscows nuclear arsenals after sending troops into Ukraine in February 2022 to try to deter the West from ramping up support for Kyiv.

21 May 2026 6:51 pm
US jobless aid filings fell to 209,000 last week as layoffs remain low despite economic uncertainty

Jobless claims saw a dip last week, indicating continued low layoffs. However, the economy faces significant challenges. The Iran war has driven up oil prices and inflation. This impacts consumer spending and business hiring. The Federal Reserve is monitoring inflation closely. Artificial intelligence advancements also pose potential job market shifts. Job growth has slowed in recent years.

21 May 2026 6:46 pm
India wants return of stranded ships before sending more to Gulf

India's priority is to bring back its ships stuck near the Strait of Hormuz. Only after these vessels are safe will India consider sending ships to load fuel. This move comes as the conflict has disrupted vital energy supplies. India relies heavily on the Strait for crude oil and cooking gas imports.

21 May 2026 6:46 pm
Steve Jobs famous quote Stay hungry, stay foolish explained: Why this timeless success mantra still resonates 21 years later

Steve Jobs' iconic Stay hungry, stay foolish advice, originating from the Whole Earth Catalog, continues to inspire. It champions relentless curiosity and ambition alongside a brave embrace of risk and uncertainty. This timeless message resonates deeply with younger generations navigating today's unpredictable world, encouraging growth beyond comfort zones and the fear of failure.

21 May 2026 6:40 pm
Maruti cars could cost Rs 30,000 more soon. Here's why

Maruti Suzuki announced a price increase of up to Rs 30,000 across its vehicle range, effective June 2026. This decision stems from sustained rises in input costs and inflationary pressures. The automaker has been implementing cost-reduction measures but must now pass on a portion of these increased expenses to customers.

21 May 2026 6:40 pm
Google?: Mothers instant guess and emotional reaction to sons job reveal wins hearts online, watch video

A heartwarming video shows parents reacting with overwhelming joy and emotion after their son, Harnav Singh, revealed he secured a job at Google. His mother's intuition proved correct, leading to tears of pride and celebratory embraces. The touching moment, shared online, resonated deeply with viewers.

21 May 2026 6:40 pm
Haryana govt-IDFC First Bank fraud case: CBI files first chargesheet in alleged Rs 504 cr misappropriation case

The CBI has filed its first chargesheet in a major corruption case. Fifteen individuals, including bank officials and Haryana government employees, are accused of misappropriating Rs 504 crore. The funds were allegedly siphoned off from government accounts through collusion. The investigation is ongoing, with more chargesheets expected soon. This probe has expanded to include IAS officers.

21 May 2026 6:23 pm
Song lyric of the day by John Lennon: 'I was feelin' insecure, you might not love me anymore. I was shivering inside... I was shivering inside..'

Even in loving relationships, pangs of uncertainty and insecurity are common, often intensifying with deeper love. John Lennon's song 'Jealous Guy' powerfully captures this universal human experience of fearing loss and seeking reassurance, highlighting emotional fragility in matters of the heart.

21 May 2026 6:18 pm
Confident US-India trade deal will be finalised in coming weeks: Ambassador Gor

A pivotal trade agreement between India and the United States is soon to be concluded, promising a new chapter in their bilateral relations. US Ambassador Sergio Gor is confident that we will see a resolution in the upcoming weeks. High-ranking officials from both sides are preparing to engage in discussions about this promising pact.

21 May 2026 6:15 pm
He was quiet because he was listening: Boring employee sat alone, ate lunch by himself and left office at 5:01 every day. 2 weeks after he quit, colleagues discovered what he had been doing for 6 years

A quiet employee, perceived as boring, resigned after six years. Colleagues received a surprise gift: a notebook detailing his gratitude for their small acts of kindness. This revealed his deep observation and appreciation. His departure was due to caring for his ill mother. The story highlights invisible struggles and the true nature of reserved individuals.

21 May 2026 6:06 pm
HyFun Foods ties up with Adani Logistics, Evergreen Marine Corp for eco-friendly export corridor

HyFun Foods has launched a new export initiative with Adani Logistics and Evergreen Marine Corporation. This partnership introduces a dedicated rail service for frozen potato products. The move aims to reduce carbon emissions and road congestion. This integrated logistics corridor will enhance HyFun Foods' global export capabilities. The company plans to expand its reach to over 100 countries.

21 May 2026 6:04 pm