The Economic Times

Weather update: India braces for above-normal May rainfall, with the southwest monsoon expected around May 14-16. Delhi anticipates partly cloudy skies and light rain with thunderstorms on May 3. Kerala faces a yellow alert for heavy showers and strong winds across all districts. Widespread rain has been forecast for various regions, including heavy downpours in the Northeast and East, as per the IMD.

President Trump described U.S. naval actions against Iran as like pirates after seizing a ship and its oil cargo. This comes amid the ongoing war between the U.S., Israel, and Iran, which has led to blockades and significant casualties. The conflict has also disrupted global oil shipments.

A story highlights how starting investments early in your twenties dramatically impacts future wealth. Saurabh began a small monthly investment and stopped contributing after ten years. His money grew significantly through compounding. Ankush, who delayed investing, realized time was the crucial factor. He eventually started his investment journey, understanding that early action is paramount for financial growth.

LPG Gas Cylinder Price: Domestic LPG cylinder prices remain unchanged, offering relief to 33 crore users. However, commercial 19-kg LPG cylinders have seen a significant Rs 993 price hike, reaching Rs 3,071.50 in Delhi. This increase, the highest single-day hike by OMCs, is attributed to global energy cost rises and disrupted West Asian supply flows.

Aamir Khan reveals how his early career choices differed from his current meticulous approach. He shares two instances where he agreed to films, 'Awwal Number' and 'Tum Mere Ho', without hearing the story, due to his father's influence. These decisions contrast with his usual instinct-driven selections like 'Taare Zameen Par'. The films from 1990 did not achieve box office success.

Iran's Revolutionary Guard is tightening its grip on vital waterways. New rules aim to boost control over the Arabian Gulf and the Strait of Hormuz. This move signals Iran's intent to assert dominance in the region. Supreme Leader Khamenei has also spoken out against foreign military presence. He described US bases as ineffective.

The U.S. will withdraw approximately 5,000 troops from Germany within a year, fulfilling President Trump's threat amid disagreements over the Iran conflict. This decision, impacting 14% of American forces in Germany, has drawn criticism from Democrats and think tanks who fear it weakens U.S. security and benefits Russia.

India's power market saw prices surge in late April. High demand, driven by heatwaves, pushed tariffs to the 20 per unit ceiling in non-solar hours. The Indian Energy Exchange data shows this trend. This high-price segment allows costlier power sources to meet demand. Peak demand reached a record 256 GW.

West Asia War: India's economy began the new fiscal year with a powerful surge. Goods and Services Tax collections reached a record high in April. Passenger car sales also saw a substantial increase. Digital transactions through UPI experienced significant growth. These positive indicators suggest the economy is resilient, with no immediate impact from the West Asia war.

Apple CEO Tim Cook expressed excitement about India's market. The company achieved strong double-digit growth in India for iPhones, iPadApple posts strong growth in India despite global smartphone slowdowns, and Macs. This success occurred even as the overall Indian smartphone market faced a downturn. Apple's aspirational appeal is growing, bringing new users into its ecosystem. The company is navigating memory chip cost increases.

The finance ministry has authorized force majeure for government contracts impacted by the West Asia conflict, treating it as war. This offers relief to companies, including drone manufacturers, facing supply chain disruptions and delivery delays of two to four months. The move shields firms from penalties for missed deadlines due to the ongoing conflict.

What is mifepristone, and why is it used? A federal appeals court has restricted access to mifepristone by blocking mailing of prescriptions. The ruling requires in-person clinic visits for the abortion pill. The decision affects telemedicine abortion, FDA rules, Louisiana abortion ban enforcement, and miscarriage care access across the United States.

The quote of the day by Albert Einstein suggests that fairy tales help develop childrens intelligence by encouraging imagination and creative thinking. It highlights that intelligence is not just about facts and study, but also about the ability to think beyond reality and form new ideas. Fairy tales support this by exposing children to imaginative worlds, which helps build problem-solving skills and mental flexibility over time.

Why are gold and silver prices up today, and will gold reach $4,800 and silver touch $90 again? Gold and silver prices moved higher after oil prices fell and the US dollar weakened. News about Iran sending a proposal for talks supported market sentiment. Investors watched inflation, interest rates, and global growth signals while metals gained momentum.

Dark Eagle hypersonic missile: The US military is reportedly considering deploying its advanced Dark Eagle hypersonic missile to the Middle East. This move comes amid concerns about Iranian missile launchers. If deployed, it would be the first operational use of a US hypersonic weapon.

Why are oil prices down today while gas rates are witnessing a rise? Oil prices fell after Iran proposed new talks with the United States through Pakistan, raising hopes of supply improvement. Brent and WTI dropped before partial recovery. At the same time, US natural gas futures rose due to falling output and record LNG exports. Storage, pipeline limits, and weather forecasts also shaped gas demand and supply outlook across the United States energy market.

Nipun Aggarwal is a leading candidate to become the next CEO of Air India. Tata Sons is finalizing its choice for the top position. Campbell Wilson is set to depart once a successor is appointed. The airline faces significant financial challenges and operational hurdles. Aggarwal has been instrumental in the carrier's expansion plans.

The Enforcement Directorate is adapting to new criminal challenges like crypto fraud and terror financing. The agency has filed nearly twice the number of prosecution complaints this financial year compared to last. Significant assets have been attached, and a high conviction rate is maintained. Restitution has been made to victims. The government affirms the ED's strengthened powers.

Prime Minister Narendra Modi extended his wishes for a swift recovery to Uttar Pradesh Congress President Ajay Rai, who is reportedly unwell. Rai has previously contested against Modi from the Varanasi Lok Sabha seat in three general elections. Modi conveyed his well wishes via a post on X.

Quote of the day by Tom Hanks: He emphasizes that choices, however small, profoundly shape our lives and the world around us. These seemingly minor decisions, when accumulated, create significant change and influence personal growth and relationships. Hanks' own career, marked by diverse roles and numerous accolades, exemplifies the impact of consistent effort and impactful choices.

The Supreme Court granted anticipatory bail to Congress spokesperson Pawan Khera. The party stated the Assam government sought to intimidate Khera. Congress leader Abhishek Singhvi highlighted the court's observations on the Assam Chief Minister's conduct. Singhvi urged the Chief Minister to reflect on his actions and express regret. The decision allows inquiry without arrest.

A U.S. military-run center near Gaza, tasked with monitoring the Israel-Hamas ceasefire and boosting aid, is reportedly set to close. Critics argue the Civil-Military Coordination Centre failed in its mission, with its responsibilities expected to be absorbed by a planned international security force. The Board of Peace has denied the center is closing.

The Supreme Court has granted anticipatory bail to Congress leader Pawan Khera. This comes in a defamation and forgery case filed by Assam Police. The court set aside the Gauhati High Court's order denying relief. Justices observed the case appears politically motivated. Personal liberty was emphasized. Khera will be released on bail if arrested, subject to conditions.

Magnum Ice Cream is significantly expanding its operations in India. The company plans to increase its factories from one to four to meet surging demand. This expansion comes as Magnum revamps its India business with dairy-based products and lower prices. Despite current profitability challenges, the company is investing in supply chains and cold-chain infrastructure.

Iran's largest cryptocurrency exchange, Nobitex, is controlled by the sons of the influential Kharrazi family, who concealed their ties for years. The exchange has processed millions for sanctioned entities like the IRGC and Iran's central bank, acting as a conduit to the global economy. Nobitex denies direct government connections or assisting the state.

Maruti Suzuki anticipates strong growth this financial year. Demand for its cars remains high, exceeding supply. The company plans to increase production to meet pending orders. New capacity additions are underway. Maruti Suzuki aims to grow faster than the industry, introducing new products to capture market share. This expansion is supported by favorable economic conditions.

The Jewish proverb A mother understands what a child does not say beautifully captures the silent strength of motherhood and the deep emotional bond between a mother and her child. The Mother's Day proverb highlights how a mother can sense feelings, fears, and needs even without spoken words, relying on intuition, love, and constant emotional connection. This timeless saying reflects the idea that true understanding goes beyond language. On Mothers Day, it serves as a powerful reminder of the un

A Kolkata tea seller showcases a rare Darjeeling tea. This highlights the unique qualities of Darjeeling tea, often overlooked. Like Champagne, Darjeeling tea faces climate change and competition. More Indians should appreciate this heritage beverage. Better marketing is needed to elevate Darjeeling tea's global standing.

British exports to the United States have fallen significantly following the imposition of US tariffs. The value of goods exported to the US dropped by 800 million. Car and pharmaceutical exports saw a decline. However, President Donald Trump has removed tariffs on Scottish whisky, offering some relief to the industry. The US remains the UK's largest goods export partner.

India's electric vehicle market began the new fiscal year with robust sales in April. Electric cars and two-wheelers saw significant year-on-year growth. This surge was fueled by new model introductions, increased consumer interest, and worries about fuel prices. While sales dipped from March's peak, the overall trend indicates strong momentum for electric mobility in the country.

GAIL has taken its dispute with the Petroleum and Natural Gas Regulatory Board to the Delhi High Court. The regulator wants to separate gas transportation and marketing, a reform mandated in 2017. GAIL argues this will harm its integrated business. A committee report supports the regulator's stance, stating the Indian gas market has evolved.

Moderna's first-quarter revenue surpassed estimates, driven by strong international COVID-19 vaccine sales. The company forecasts lower-than-expected Q2 revenue but aims for a significant share of Europe's respiratory vaccine market with its mCombriax launch in 2027. Investors are now focused on the company's diversified pipeline beyond COVID-19.

India's ambitious oil and gas policy has failed to boost domestic production. Despite billions invested and extensive exploration, only one marginal field is producing. Experts question the policy's effectiveness. Geological challenges and a shift in risk to companies deter global investment. The government continues auctions, but state-run firms dominate. This situation highlights India's ongoing dependence on imports.

Quote of the Day: Lucy Liu's powerful quote, 'It's like kill or be killed, that's my thing basically,' highlights her determined approach to success. The article explores her journey from Queens, New York, to Hollywood stardom. It details her early life, education, and breakthrough roles. Liu's career spans acting, directing, and advocacy. Her words emphasize the grit needed to thrive in challenging environments.

San Francisco viral video: A viral video from San Francisco's Tenderloin neighborhood depicts a stark reality of widespread drug use, shocking viewers and highlighting the city's ongoing struggles. Despite official claims of improvement and increased enforcement, the footage raises concerns about the accessibility of drugs and the city's continued challenges with overdose deaths.

Lieutenant General Balbir Singh has taken command of the Chinar Corps in Srinagar. He brings over 34 years of service and extensive experience in counter-terrorism operations. General Singh honored fallen soldiers and pledged to collaborate with civil administration and the people of Kashmir for peace and stability. He urged societal cooperation in overcoming regional challenges.

Indian car sales surged 25% in April, reaching 445,417 units, driven by sustained demand post GST cuts and government incentives. Market leader Maruti Suzuki reported its best-ever monthly sales, with other major automakers like Tata Motors and Hyundai also witnessing significant year-on-year growth.

Maruti Suzuki anticipates strong growth this financial year, aiming for over 10 percent. Domestic demand remains robust, exceeding supply. The company is expanding production capacity to meet pending orders. Positive economic factors like GST cuts and lower interest rates are boosting sales. Maruti Suzuki is also diversifying export markets to mitigate geopolitical risks.

Chennai Super Kings fans have reason to cheer as batting coach Michael Hussey hinted at MS Dhoni's imminent return to IPL 2026 action. Dhoni, recovering from a calf injury, deliberately avoided early matches to prevent being a distraction to the team. He is progressing well, with increased running intensity being a key indicator of his readiness to play.

Female anger, in particular, is frequently misunderstood because it can mask stress, unmet needs, or emotional overload. Understanding the psychological roots of these reactions can help shift the focus from blame to clarity and communication.

A drone attack by militants injured three children at a cricket ground in Bajaur, Pakistan. The incident occurred during a match, causing panic. This follows earlier mortar shellings and alleged cross-border firing from Afghanistan. Pakistani forces are actively responding to ensure regional stability and civilian safety.

Robert Frost, a celebrated American poet, masterfully blended rural imagery with universal themes, earning multiple Pulitzer Prizes. The quote of the day from one of his insightful verses from 'Fire and Ice,' explores the destructive nature of both intense passion and quiet indifference. Frost's enduring legacy lies in his profound reflections on human nature and his accessible yet intellectually powerful poetry.

A neurologist from Apollo Hospitals in Hyderabad, Dr Sudhir Kumar, says that people do not need a perfect lifestyle to improve longevity. In a post, he explains that even very small daily changeslike a few extra minutes of sleep, slightly more physical activity, and adding a bit more vegetables, can collectively add years to life and improve overall healthspan.

Coachella 2027 is already building anticipation with advance ticket sales launching months before the official lineup announcement. Scheduled across two weekends in April at the Empire Polo Field in Indio, California, the festival continues its tradition of early access passes and tier-based pricing. With strong demand expected and resale markets already active, fans are securing tickets early, relying on Coachellas reputation for delivering top-tier performances and unforgettable live music exp

Three months after Nancy Guthrie's abduction from her Arizona home, her whereabouts and captors remain unknown. Authorities are actively investigating, with a masked man seen on surveillance footage and DNA evidence being analyzed. The family offers a substantial reward as they grapple with the possibility of her death and an unknown motive.

TrumpIRA enrollment $1000 match eligibility guide is gaining major attention as the U.S. plans a new retirement access system launching in 2027. Nearly 22 million workers without employer 401(k) plans may finally get direct IRA access through TrumpIRA.gov. This shift marks a major update in retirement savings USA, IRA account opening online, and government retirement match programs. The TrumpIRA enrollment process will allow users to open low-cost IRAs, compare providers, and start saving easily

Canada is ramping up its infrastructure to facilitate energy exports to India, with LPG shipments slated to commence by 2027. Moreover, the nation is expanding its LNG export foothold beyond the US, seeking to diversify oil exports to India, which has the capacity to refine heavy crude.