The Economic Times

Bitcoin (BTC USD) crash and recovery analysis: Bitcoin's rally to $126,000 in October 2025 faltered due to tariff shocks, liquidations, and ETF outflows, pushing prices down to $77,000. Recovery hinges on holding the $79,000-$80,000 zone, institutional demand, and a shift in monetary policy. Forecasts for a return to previous highs vary, with some expecting it by late 2026 or early 2027.

A Chinese proverb teaches that in any group, there is someone to learn from. This wisdom emphasizes humility and continuous growth. It highlights that everyone possesses unique knowledge and experiences. This perspective fosters respect and understanding in all interactions. Embracing this idea leads to personal development and a richer understanding of the world around us.

Quote of the Day by Horace: Horaces quote, Time will bring to light whatever is hidden; it will cover up and conceal what is now shining in splendor, highlights the powerful role of time in revealing truth and reshaping perception. The quote suggests that nothing remains hidden forever, as time eventually exposes reality, while also reminding us that present fame, success, and glory are temporary and can fade with changing circumstances.

NARCL has already filed applications linked to both the corporate guarantee of Jaiprakash Power Ventures and personal guarantees of chairman Manoj Gaur and vice-chairman Sunil Kumar Sharma, and is exploring legal remedies to maximise recoveries from residual assets and obligations tied to Jaypee Group entities, they said.

The reserve price for the bids, with a June 17 deadline, is Rs 200 crore, showed a document on the website of the process advisor, BoB Capital Markets. It said the residual liabilities represent the net balance remaining following the mandatory deduction of recoveries realised under the resolution plan whereby ArcelorMittal India had taken over Essar Steel in a bankruptcy administration.

Coal-fired power plants in India are reportedly blocking the evacuation of solar power into the grid, leading to significant renewable energy curtailment.

BP already has a similar arrangement for ONGC's flagship Mumbai High fields, but the latest move significantly expands its role, making it responsible for helping enhance output from fields that account for about 72% of ONGC's gas production and 60% of its oil output.

Indias fertiliser subsidy bill could surge past a record 3 lakh crore this fiscal if the West Asia crisis continues, sharply exceeding the budget estimate of 1.71 lakh crore, a government official said.

State-run oil marketing companies have increased petrol and diesel prices by about 2.7 per litre, marking the fourth hike in 11 days and pushing the total rise to around 7.58 per litre.

Quote of the Day by Niccol Machiavelli: Machiavellis quote, Men are driven by two principal impulses, either by love or by fear explores the fundamental forces that influence human behavior and decision-making in everyday life. The quote suggests that most actions are shaped either by emotional connection, trust, and affection, or by caution, pressure, and the instinct to avoid negative consequences.

Indian Railway Finance Corporation has entered metro rail financing. It signed a term loan agreement to refinance 13,527 crore debt for the Hyderabad Metro Rail project. This move is expected to help the project report a profit next year. Hyderabad Metro's earnings before interest, taxes, depreciation, and amortization are already positive.

Bank deposit rates are set to rise. Costs for certificates of deposit have increased, signaling banks will soon offer better returns to savers. This is driven by tighter liquidity and higher demand for funds. Experts anticipate deposit rates will move upwards, even without an immediate policy rate hike from the Reserve Bank of India.

India's Android smartphone manufacturing is heating up. As a key government scheme concludes, companies are competing fiercely on price. Brands are now spreading their orders across more manufacturers. This shift is impacting major players, with mid-tier rivals gaining ground. Companies are actively seeking new business to drive growth in a market facing stagnant volumes.

India will launch an updated Index of Industrial Production on June 1. The new IIP will feature a 2022-23 base year and include sectors like minor minerals and waste management. It will offer more detailed tracking of industrial activity. This revamp aims to provide a clearer picture of India's industrial growth.

India and Japan are addressing disruptions in energy supply chains and maritime connectivity. External Affairs Minister S Jaishankar met his Japanese counterpart Toshimitsu Motegi. They discussed bilateral cooperation and global issues. Both nations are energy importing and big trading countries. Economic security is a key concern for both. They aim to advance industrial and technological collaboration in critical sectors.

The government is set to link fertiliser sales with the national AgriStack database. This digital initiative aims to prevent the misuse of subsidised nutrients and monitor farm-level usage. Authorities will match fertiliser purchases with farmer IDs and land details. This will help identify excessive buying and estimate nutrient needs.

Electricity distribution companies must finish rooftop solar project inspections by May 31. This ensures projects already installed remain exempt from a new domestic solar cell rule starting June 1. Delays in certification could make projects non-compliant. The Ministry of New and Renewable Energy issued this advisory to avoid issues for project owners. This move supports domestic solar module manufacturing.

West Bengal Chief Minister Suvendu Adhikari has directed departments to prepare for the upcoming NITI Aayog meeting on June 11, a departure from Mamata Banerjee's previous non-participation. Draft proposals are due by June 5. Additionally, the Chief Minister announced the resumption of the 100-day work scheme, known as GRAM, across all districts except South 24 Pargana and Murshidabad.

Tripura government has launched an austerity drive. All government offices will now be closed on Saturdays and Sundays. Working hours on weekdays are extended. These steps aim to reduce electricity and fuel consumption. The government is also promoting virtual meetings and the use of electric and CNG vehicles. These measures follow Prime Minister Modi's appeal for fuel conservation.

Death is a certainty for all. The movie Braveheart highlights the importance of truly living. William Wallace's famous quote reminds us to embrace life's experiences. Many people do not live fully due to fear or routine. A life well-lived is about savouring moments, not just duration. The film Braveheart itself was a major success.

Concerns over fuel, shipping, and fertilizer supplies dominated a Parliamentary panel meeting. Officials assured adequate fuel reserves and fertilizer availability for the Kharif season. However, 37 Indian ships are stranded in West Asia due to the Strait of Hormuz closure. Cargo insurance premiums have risen sharply. The government is addressing these issues amid ongoing global challenges.

Chinese Proverb of the Day highlights the meaning of The man is the head of the family, but the woman is the neck that turns the head. The saying reflects how leadership within a family is often shaped not only by visible authority, but also by guidance, emotional intelligence, wisdom, and quiet influence. It suggests that while one person may appear to lead openly, important decisions and direction are often influenced by the support, understanding, and strength of another partner behind the sc

Major infrastructure projects in India have seen significant cost overruns. Projects valued at 150 crore or more have collectively exceeded their original budgets by 5.6 lakh crore. The total revised cost for 1,981 projects now stands at 42.8 lakh crore. Despite these overruns, expenditure on these projects indicates steady implementation progress.

Myanmar President Min Aung Hlaing will visit India this Sunday. This marks his first foreign trip since becoming President in April. The visit underscores Myanmar's view of India as a key partner for development, business, and regional security. India sees this as an opportunity to address cross-border concerns and revive connectivity projects.

Abraham Accords: Trump just called six Muslim nations to sign the Abraham Accords live, out loud, tied to an Iran nuclear deal. Pakistan said no. The rest went silent. This is the biggest Middle East normalization push since 2020. And the world is watching to see if it cracks or holds.

A college students Reddit post about allegedly being fired from an internship after asking to eat before a Sunday meeting has sparked widespread discussion online about toxic work culture and unrealistic expectations from interns. The student claimed he had worked extra hours for months before losing access to company systems after requesting time to get food because his hostel mess was closed.

India's shipping ministry is driving a major maritime transformation. A new roadmap focuses on better governance and ease of doing business. Officials are tasked with faster resolution of pending issues and grievances. A digital platform and mobile app will streamline services. The ministry is also embracing AI and data for improved efficiency and transparency across the sector.

The U.S. and Iran are reportedly discussing a phased plan to reopen the Strait of Hormuz after a potential agreement to end hostilities, according to a Nikkei report citing a Middle East diplomatic source.

America and Iran are close to a deal to end their war and reopen the Strait of Hormuz. Negotiations are progressing well, with a potential agreement on ending the conflict and allowing global shipping. Iran would give up its enriched uranium stockpile. Sanctions relief and frozen funds would be negotiated. The deal aims to restore regional stability and economic activity.

Franois de La Rochefoucauld's timeless quote, Absence diminishes small loves and increases great ones, as the wind blows out the candle and fans the bonfire, reveals how distance tests the strength of relationships. His observation, born from personal hardship, highlights that true affection endures and often deepens when faced with separation, while superficial connections fade.

The psychology behind people who resist even the smallest changes suggests the behavior is often tied to anxiety management, emotional security and the brains natural preference for predictability and routine.

The Department of Consumer Affairs is looking into standard pack sizes for cooking oils. Industry bodies raised concerns about many different package sizes confusing consumers. This makes comparing prices difficult. The department met with major edible oil associations. They discussed how to make price comparisons easier. This move aims to improve transparency and fair trade practices for consumers.

Haryana government has released new rules for ex-servicemen reservation in government jobs. The policy clarifies eligibility and aims to prevent confusion. It defines ex-servicemen comprehensively and emphasizes Haryana domicile. Strict conditions apply for those discharged due to misconduct. Serving military personnel can apply if nearing completion of service.

Quote of the day by Euripides: Ancient Greek playwright Euripides believed youth is the best time to be rich or poor. Wealth in youth offers freedom and opportunity. Hardship teaches resilience and strength. Modern youth face pressure to succeed quickly. Euripides' words remind us that growth comes from both success and struggle.

State-owned BSNL has seen a significant revenue jump of 19 percent, reaching Rs 25,000 crore in two years. This financial turnaround is attributed to improved infrastructure and operational efficiency. The company's EBITDA has also seen a dramatic increase.

Persian Proverb of the day: Somewhere between ancient satire and modern social commentary exists a proverb that feels surprisingly suited to the Instagram age. The saying, often associated with Persian storytelling traditions that valued wit as much as wisdom, carries a playful but unmistakable sting.

AU Real Estate has acquired a 5.6-acre land parcel in Siddharth Vihar, Ghaziabad through an Uttar Pradesh Awas Vikas Parishad auction for 336 crore. The project will be developed via its subsidiary Cosmos REIT Pvt. Ltd.

The Reserve Bank of India is expected to hold off on interest rate hikes. Inflation risks are rising due to fuel prices and monsoon uncertainty. A rate increase is only likely by year-end if price pressures continue. The central bank will monitor for broader inflationary effects before acting. This cautious approach aims to balance economic growth and price stability.

Ancient philosopher Plutarch's timeless quote, Know how to listen, and you will profit even from those who talk badly, offers a profound lesson for modern life. It emphasizes that true wisdom lies in learning from every conversation, even unpleasant ones, by remaining open and controlling one's ego. This approach allows for personal growth and insight, regardless of the speaker's quality.

Quote of the day: The quote extends far beyond romantic relationships. In friendships, honesty often becomes the foundation of lasting connection. In workplaces, open communication helps prevent resentment and misunderstanding. Even personal growth requires the courage to confront uncomfortable truths about oneself.