The Economic Times

A US jury found Friday that aerospace giant Boeing was not liable for lost revenue in a lawsuit involving its 737 MAX jets, which were grounded for 20 months following two deadly crashes in 2018 and 2019. Polish airline LOT had accused Boeing of fraud and sued for $250 million in lost income after the aircraft maker's alleged purposeful and negligent false representations and omissions concerning the 737 MAX aircraft, the initial complaint said. elm-jgc/mjw

Andhra Pradesh Heatwave: Andhra Pradesh is grappling with a severe heatwave, with temperatures soaring to dangerous levels across multiple districts. Coastal Andhra Pradesh faces a four to five-day severe heatwave alert, with several areas recording temperatures above 45C. Daily life is significantly disrupted as residents avoid outdoor activities during peak heat hours.

Young earners today face a stark reality. Unlike their parents, they likely won't have pensions. With longer life expectancies, saving for retirement is crucial. Chartered Accountant Nitin Kaushik highlights that delaying investments by even a decade significantly reduces future wealth. He urges immediate action, emphasizing that compounding works best over long periods for financial security.

Director of National Intelligence Tulsi Gabbard will resign on June 30 due to her husband's rare bone cancer diagnosis. President Trump announced the departure, praising Gabbard's service and naming Aaron Lukas as acting intelligence chief. Gabbard expressed her need to be with her husband during his treatment.

An explosion at a Staten Island dry dock killed one civilian and injured 36 people on Friday. The blast occurred while firefighters were already on scene battling a fire and attempting to rescue two trapped workers. Two firefighters were hospitalized, one with serious injuries.

Iran's Foreign Minister Abbas Araghchi told UN Secretary-General Antonio Guterres that Washington's excessive demands are hindering peace talks. Meanwhile, US President Donald Trump's administration is reportedly preparing for potential military strikes against Iran. Trump has cancelled plans to attend his son's wedding, citing government circumstances. The UN Secretary-General urged diplomacy for regional stability.

Fuel prices in India have seen another increase, with petrol and diesel rates rising by approximately Rs 0.87 and Rs 0.91 per litre respectively in Delhi. This marks the third hike this month, driven by a surge in international crude oil prices due to Middle East conflict and the expiry of a US sanctions waiver on Russian oil.

Agriculture ministry has directed states to prepare district-wise crop strategies, and promote short-duration crops such as pulses, certain millets and vegetables during the kharif season because they require less water, mature quickly and help mitigate the vagaries of weather, said officials.

India and Russia are deepening energy ties. Discussions focus on gas supplies and joint ventures for hydrocarbon development. Russia is a key crude oil supplier, with US sanctions waivers continuing. The nations are also exploring LPG purchases and new oil and gas facilities. Civil nuclear cooperation is gaining momentum, with projects like Kudankulam showcasing Russian technology.

African proverb of the day highlights the message behind the Nigerian saying, No man can outwit their ancestors. The proverb explains human nature, tradition, humility, and the value of elders guidance. It teaches that people often repeat old mistakes and experiences. The proverb also connects with African philosophy, community values, and respect for cultural heritage. Its lessons remain relevant in family life, leadership, education, and personal growth today.

Chinese proverb of the day highlights the danger of chasing success without values. The proverb explains how ambition without morals can destroy integrity, peace, and relationships. It uses the image of burning a picture to collect ashes to show that some achievements are meaningless when gained through compromise. The saying also connects with modern life, careers, leadership, and personal growth while teaching lessons about ethics, conscience, and responsible success.

Quote of the day by Marjorie Kinnan Rawlings explores how life experiences shape relationships and affection. The saying explains how difficult relationships help people value stable bonds later. This explainer shares the quote meaning, the relevance today, life lessons, and the life story of the American writer and novelist who created regional literature about Florida and human nature.

Quote of the day by Demi Lovato: Demi Lovato's life motto encourages embracing all emotions, emphasizing that feelings are valid and one has the right to experience them. This acceptance fosters emotional freedom, leading to personal happiness and authentic self-expression. Lovato's journey highlights the importance of self-acceptance and openness in achieving a fulfilling life.

Quote of the day by Bernard Meltzer reminds people to think before speaking. The quote talks about truth, kindness, necessity and helpful communication. It explains how words can affect relationships, emotions and human behavior. Bernard Meltzer used simple advice during his radio career and became known for guiding people through personal and family problems. The quote continues to remain relevant in daily life, workplaces, friendships and social communication today.

Quote of the day by William Shakespeare: William Shakespeare's words reveal love's true nature. It is not about looks but the mind and heart. Real love grows through trust and understanding, not instant attraction. Shakespeare, a celebrated English playwright, explored these deep human emotions centuries ago.

National Intelligence acting director Aaron Lukas wife, children and career has become a major topic after Tulsi Gabbard announced her resignation as Director of National Intelligence. Aaron Lukas will now serve as Acting Director of National Intelligence under President Donald Trumps administration. Lukas brings more than 20 years of CIA and national security experience. His family life, education, government service, and leadership background are now drawing attention as Washington prepares fo

Colgate-Palmolive India is boosting investments in premium products and advertising. The company prioritizes volume-driven growth over margin expansion. This strategy aims to capture rising consumer demand for higher-value oral care. Urban demand is recovering, benefiting premium offerings. E-commerce and quick commerce are significant growth drivers, especially for premium products.

Hindalco Industries achieved its highest ever revenue and profit for India operations in the March quarter. The company's India business delivered outstanding results across aluminium and copper segments. Consolidated revenue and Ebitda also reached all-time highs for the fiscal year. Novelis, the global arm, faced challenges but is on track for plant restarts.

Foreign companies are increasingly setting up shop in India. Singapore, the US, the UK, South Korea, and Germany are leading this trend. Registrations reached a nine-year peak in the last fiscal year. This surge highlights growing international business interest in the Indian market. New companies from South Africa, Ghana, and Uzbekistan also entered India for the first time.

Dalmia Bharat is acquiring Jaiprakash Associates' cement business from Adani Group for 2,850 crore. This deal adds 5.2 million tonnes of cement capacity. The company is also expanding existing facilities. By FY28, Dalmia Bharat's total production capacity will reach 66.7 million tonnes. The transaction is expected to complete soon. This acquisition strengthens Dalmia Bharat's position as a pan-India player.

LPG supplies saw a sharp drop in April. Households and businesses received less fuel. Industries faced an 82% reduction, prompting a shift to alternatives. Vehicle fuel supplies increased. Overall LPG sales fell 13%, with northern India experiencing the steepest decline. This situation arose from disruptions in fuel imports.

The Reserve Bank of India's central board approved a record Rs 2.86 lakh crore surplus transfer to the government for FY26. This significant boost to non-tax revenues aligns with expectations. The RBI's balance sheet expanded, and net income rose, supported by increased gross income.

Honda is set to introduce more than ten new models in India. This includes sports utility vehicles with petrol, hybrid, and electric powertrains. The company will launch its first electric vehicle in the latter half of the current financial year. Compact and mid-sized SUVs are also planned, with local manufacturing. India is a key market for Honda's future growth.

The Delhi High Court has stopped the GST department from taking action against IndiGo's parent company. This is regarding a 458 crore GST demand on compensation received from foreign suppliers. The court noted the amount received was compensation, not a taxable supply. The company's counsel assured solvency. The case will be heard again in August.

Government directs state-run banks to identify successful initiatives for wider adoption. The focus will be on lending to unorganised sectors, marginalised groups, and rural populations. This strategy aims to prevent credit crunches for small borrowers and MSMEs. Discussions will also cover IT updates, loan digitalisation, and risk management. The government seeks to boost credit availability for eligible businesses.

Sun Pharma anticipates strong growth in the coming years. The company expects a high single-digit increase in its overall sales by FY2027. Significant progress is being made on the acquisition of Organon, with completion targeted for the last quarter of FY2027. This strategic move is set to enhance Sun Pharma's global presence and product portfolio across key therapeutic areas.

India has blocked China's initial request for a World Trade Organization dispute panel. China alleges India's tariffs and incentives discriminate against its IT and solar energy imports. India maintains its measures align with global trade rules. This dispute stems from China's filing last year. China can renew its request at a future meeting.

Smartphone companies are reducing staff in marketing and sales. Rising costs and slower sales are pushing brands to cut expenses and focus on profits. This is impacting corporate and commercial roles. Some companies are eliminating entire teams. This shift reflects a market correction. Employees are taking on broader responsibilities. Salary hikes for new hires have also decreased.

A comparison of Jains in India and Jews in Europe explores why one civilisation enabled coexistence while the other descended into exclusion, persecution and eventually genocide.

Five government agencies now require special export licenses for three newly restricted compounds, according to an official announcement on Friday. The targeted substances are primary building blocks used to manufacture illicit fentanyl, a deadly synthetic opioid that has caused a public health crisis across North America.

The Kerala High Court has put a hold on a new government rule. This rule excluded viewership from default channels, known as landing pages, from TV ratings. Cable operators are concerned about losing revenue. The court's interim order provides relief. The matter will be heard again soon. This policy change affects how TV channels are ranked and viewed.

Amid ongoing legal disputes, the Delhi High Court is probing Fortis Healthcare's oversight concerning the sale of shares belonging to the Singh brothers, former promoters of the company. The court's remarks suggest that Fortis had a responsibility to inhibit such transactions.

Bank economists have advised the Reserve Bank of India that interest rate increases will be necessary later this financial year. This is to manage the effects of the West Asia conflict and ensure economic stability. Most economists do not expect a rate hike in the upcoming June policy meeting.

Electricity distribution companies are showing better payment habits. This is helping power generators receive payments on time. Key operational metrics have improved significantly. The gap between costs and revenue has narrowed. Technical and commercial losses have also fallen. The sector reported its first profit in years. However, performance varies across states.

Chinese Proverb of the Day highlights the meaning of The woman who deceives her husband makes her lover swear never to be unfaithful to her. The saying reflects the complexities of relationships built on secrecy, desire, and divided loyalty. It suggests that when honesty is missing in one relationship, it can create insecurity and emotional imbalance in another.

Opposition parties are watching the rise of the online Cockroach Janta Party. They suspect an unseen hand is behind its social media popularity. Leaders are unsure whether to welcome or criticize the CJP. Some politicians have individually supported it. Many parties are waiting to see how the situation develops. The CJP is seen as a voice for youth frustration.

Fresh political friction has erupted in Tamil Nadu. The Tamil anthem was played third during a cabinet swearing-in ceremony. This marks the third consecutive occasion. Opposition parties criticize the government for disrespecting regional traditions. They question the government's silence on the matter. The Governor is accused of influencing the protocol.

The Central Bureau of Investigation has made a significant arrest in the NEET-UG paper leak case. A teacher from Pune, identified as Manisha Sanjay Havaldar, has been apprehended. The agency states she was the source for the leaked physics questions. Havaldar had access to the papers as an expert appointed by the National Testing Agency.

An appeal has been filed in the Supreme Court challenging a High Court ruling. The Madhya Pradesh High Court declared the Bhojshala-Kamal Maula Mosque complex in Dhar as a Hindu temple. The High Court had quashed a 2003 ASI order granting prayer permission to Muslims. Muslims can seek an alternative site for a mosque.

India and Egypt met to boost their fight against terrorism. They will work together on training, cyber security, and sharing intelligence. Both nations are worried about drones and AI being used for terror. They condemned recent attacks in Jammu and Kashmir and New Delhi. The countries also pledged to work with global groups to tackle terrorism effectively.

A simple resignation email and a manager's gracious reply have captured attention online. The employee announced their departure, and the manager accepted, stating the door is always open for a return. This exchange, lauded for its maturity and professionalism, highlights an ideal, drama-free way for employees and employers to part ways, leaving no bridges burned.

US Secretary of State Marco Rubio arrives in India for the Quad foreign ministers meeting in New Delhi on May 26. The meeting will focus on critical minerals and supply chains, addressing China's influence. Foreign ministers from Australia and Japan will also attend. Discussions will cover advancing Quad cooperation and reviewing ongoing initiatives.

Spanish Proverb of the Day: Centuries before LinkedIn existed, a wise Spanish tongue already had the answer to your procrastination problem. And honestly? It slaps harder than any motivational poster.

The findings suggest IPL viewing is increasingly resembling a daily habit rather than event-based consumption. The shift extends beyond live matches. Around 8.4% of respondents said they watched match highlights on YouTube, while 13.64% consumed IPL clips and reels on social media, underscoring how short-form and catch-up formats are extending fan engagement beyond live telecasts.