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The Economic Times

Economy / The Economic Times

Tamil Nadu battle: Congress attacks BJP, DMK over blocking TVK government

Congress accuses BJP and DMK of obstructing TVK's secular government formation in Tamil Nadu. The party claims the DMK is willing to support AIADMK and prevent other secular parties from aiding TVK, amid reported INDIA bloc divisions and DMK seeking separate seating in Parliament.

9 May 2026 10:42 am
Trying to lose belly fat? These 5 homemade morning drinks may help

Are you trying to lose belly fat and struggling with it? You don't have to go for extreme diets; in fact, certain homemade morning drinks can not only help you lose your belly fat but also boost your metabolism. When combined with a healthy diet and a few workouts per week, these morning drinks can help you lose belly fat more quickly and naturally. Here are six easy drinks you can make at home to reduce your belly fat.

9 May 2026 10:10 am
Will Vijay take oath today? Here are the latest updates as confusion prevails over Tamil Nadu govt formation

Chennai is witnessing high political drama. Vijay's oath-taking as Tamil Nadu's next Chief Minister is uncertain. A razor-thin majority in the assembly has led to intense negotiations. The Governor awaits a crucial support letter. Alliances are shifting rapidly. The state's political future hangs in the balance as discussions continue.

9 May 2026 10:01 am
The alliance that wasnt: How Tamil Nadus Dravidian rivals failed to stop Vijays march

Tamil Nadu's political landscape was thrown into turmoil as DMK and AIADMK failed to prevent C Joseph Vijay's party from forming the government. Despite intense negotiations and attempted defections, Vijay's Tamilaga Vettri Kazhagam emerged as the single largest party, leaving the state's mandate fractured.

9 May 2026 9:51 am
PM Modi pays homage to Rabindranath Tagore, terms him 'timeless voice of India's civilisational soul'

Prime Minister Narendra Modi honored Nobel laureate Rabindranath Tagore on his birth anniversary. He described Tagore as an exceptional philosopher, educationist, artist, and a timeless voice of India's civilisational soul. Tagore's profound thoughts and creative energy enriched society. The Prime Minister expressed deep reverence and gratitude for his contributions. Tagore's legacy continues to inspire and guide.

9 May 2026 9:49 am
Bengal set to step into saffron era with Suvendu Adhikari's swearing-in as CM today

Suvendu Adhikari is set to be sworn in as West Bengal's first BJP Chief Minister at Kolkata's Brigade Parade Ground. This marks a significant shift in state politics, with the BJP securing a decisive victory over the TMC. The ceremony is expected to be attended by top BJP leaders and thousands of party workers.

9 May 2026 9:39 am
Quote of the day by Maya Angelou: 'Bitterness is like cancer. It eats upon the host. But anger is like fire. It... - Renowned American poet's timeless wisdom on handling resentment

Quote of the day by Maya Angelou: Maya Angelou, a renowned writer and poet, inspired millions with her courage, wisdom, and hope. Overcoming early struggles with racism and trauma, she transformed her experiences into powerful lessons on resilience and self-belief. Her impactful writings, including 'I Know Why the Caged Bird Sings,' continue to resonate, encouraging people to rise above adversity with dignity.

9 May 2026 9:34 am
Actor Madhavan feels proud after Dubai's Burj Khalifa developer praises Indians' work ethic: 'Hard work beats talent

Mohamed Alabbar, the developer behind Burj Khalifa, highlights the exceptional work ethic of Indian professionals. He values their consistency, discipline, and dedication, often going beyond regular hours. Alabbar believes hard work and accountability are key to success. Actor R. Madhavan shared the clip, celebrating the global recognition Indian talent receives through sheer effort and commitment.

9 May 2026 9:02 am
IPL 2026: Four arrested for selling fake tickets in RCB vs LSG match; used ChatGPT, design software for con

Police in Lucknow arrested four members of an interstate gang accused of creating and selling fake IPL tickets outside Ekana Cricket Stadium using ChatGPT and graphic design software. According to police, the gang sourced images of original IPL tickets from social media and used CorelDRAW and ChatGPT to replicate ticket dimensions and paper quality.

9 May 2026 9:01 am
Petrol, Diesel Price Today May 9: Check Delhi, Mumbai, Gurugram rates as reports of a hike next week emerge

Petrol Diesel Price Today in India: Domestic petrol and diesel prices remained stable across most major Indian cities on Saturday, despite firm global crude oil markets driven by geopolitical tensions. India's oil marketing companies and the government have absorbed rising costs for over two months to prevent retail price hikes, though this arrangement is under strain.

9 May 2026 8:57 am
TCS Nashik case: Maharashtra Minister Shirsat claims AIMIM corporator sheltered Nida Khan, calls Imtiaz Jaleel 'main culprit'

Maharashtra Minister Sanjay Shirsat made serious allegations regarding a case linked to the TCS facility in Nashik. He claimed AIMIM corporator Mateen Majid Patel sheltered accused Nida Khan. Shirsat also stated that former MP Imtiaz Jaleel was the main culprit. Khan was taken into custody from Chhatrapati Sambhajinagar. The investigation is ongoing.

9 May 2026 8:56 am
'Dream of Syama Prasad Mukherjee fulfilled': Dilip Ghosh ahead of BJP govt swearing-in in West Bengal

Ahead of the swearing-in ceremony of the BJP government in West Bengal on Saturday, BJP leader Dilip Ghosh said the people of the state voted for change and fulfilled the dream of Syama Prasad Mukherjee.

9 May 2026 8:39 am
Suvendu Adhikari oath-taking ceremony date and time: When will BJPs first West Bengal CM take oath?

Suvendu Adhikari Oath Ceremony Date And Time: West Bengal is set for a historic political change. Suvendu Adhikari will be sworn in as the state's first Bharatiya Janata Party Chief Minister on Saturday. The ceremony will take place at the Brigade Parade Ground. Prime Minister Narendra Modi and other top BJP leaders are expected to attend. This marks a significant transition for the state's political landscape.

9 May 2026 8:31 am
US imposes sanctions on companies it accuses of aiding Iran's weapons sector

The U.S. Treasury imposed sanctions on 10 individuals and companies, including several in China and Hong Kong, for aiding Iran's weapons and drone material procurement. These actions aim to curb Iran's ability to threaten regional allies and shipping. The sanctions target specific companies involved in facilitating weapon and material acquisition for Iran's military programs.

9 May 2026 8:27 am
Vice Admiral Krishna Swaminathan appointed as New Navy Chief; Admiral Tripathi retires May 31

Vice Admiral Krishna Swaminathan has been appointed as the new Chief of the Naval Staff, succeeding Admiral Dinesh Kumar Tripathi who retires on May 31, 2026. Swaminathan, a decorated officer with extensive operational and staff experience, previously served as the Vice Chief of the Naval Staff. His appointment marks a significant transition in the Indian Navy's leadership.

9 May 2026 8:20 am
US fires on and disables 2 more Iranian tankers as tensions rise in the Strait of Hormuz

U.S. forces disabled two Iranian oil tankers after exchanging fire in the Strait of Hormuz, while the UAE reported an Iranian missile and drone attack. These incidents cast doubt on a fragile ceasefire as Washington awaits Iran's response to a proposal aimed at ending the war and reopening the vital waterway.

9 May 2026 8:13 am
'Rs 6,000 cab ride and Rs 5,000 for dosas': Indian traveller in the USA shares her shocking expense video

An Indian traveler's viral video reveals the stark reality of US travel costs for those earning in rupees. Airport rides and meals become surprisingly expensive when converted. The video captures a common sentiment among international travelers. It highlights the psychological impact of currency conversion on everyday spending decisions. Many viewers relate to this shared experience.

9 May 2026 7:52 am
Weather Tamil Nadu: Check forecast for Chennai, Coimbatore, Mayiladuthurai, Peravurani and other districts

Chennai Weather: Tamil Nadu is experiencing a mixed summer with heat and humidity in coastal areas, while western and southern districts are seeing thunderstorms and rain. Scattered showers are also possible in delta regions. While no widespread extreme weather is forecast, localized heavy rain may occur.

9 May 2026 7:50 am
Govt appoints Lt Gen N S Raja Subramani as next Chief of Defence Staff

Lieutenant General N S Raja Subramani (Retd.) has been appointed as the next Chief of Defence Staff (CDS), effective from his assumption of charge. He will also serve as Secretary to the Government of India in the Department of Military Affairs. Lt Gen Raja Subramani previously held the position of Military Adviser at the National Security Council Secretariat.

9 May 2026 6:54 am
Hantavirus CDC: Infected US passengers aboard cruise ship MV Hondius to be brought to this location. Details here

Hantavirus is usually spread by rodents, but in rare cases can be transmitted person-to-person. The CDC said on Friday it would distribute updated monitoring guidance and resources for state and local health departments later on Friday.

9 May 2026 6:32 am
Trump administration appeals latest court defeat in battle over global tariffs

The Trump administration is appealing a court ruling that found its 10% global tariff, imposed under a 1970s trade law, was unjustified. The court blocked the tariffs for three specific importers, but the administration expects to prevail in the appeal. This setback comes as broader tariff plans are being pursued under a different trade law.

9 May 2026 6:28 am
Tehran could withstand blockade for four months, CIA report shows, as fighting flares

U.S. and Iran's efforts to end their conflict stall amid renewed clashes in the Gulf. A U.S. intelligence assessment suggests Iran can withstand a naval blockade for months, while Tehran accuses Washington of breaching a ceasefire. The U.S. also imposed new sanctions on individuals and companies aiding Iran's military.

9 May 2026 6:14 am
Retail chains like Reliance Retail, DMart go on store expansion spree as demand recovers

India's top retailers added 2,182 stores in FY26, the highest in three years, driven by rising demand, tax cuts, and growing consumer preference for organised retail in smaller towns.

9 May 2026 6:00 am
Govt land transfer code set up to pare disputes, boost monetisation

The Centre has introduced a nationwide framework for central government land transfers to curb disputes and boost asset monetisation. This new policy mandates separate valuations for buildings and clear guidelines for public versus commercial use, aiming to enhance transparency and unlock revenue for public projects. Transfers to private entities and states will now require cabinet approval.

9 May 2026 6:00 am
Tata Trusts pushback board meet amid legal tussle

Tata Trusts have postponed crucial board meetings. The meetings were to discuss Tata Sons' potential public listing and board representation. Legal challenges and differing views among trustees are cited as reasons for the delay. The trusts are reinforcing their stance on keeping Tata Sons privately held. This move aims to ensure alignment with the majority institutional position.

9 May 2026 6:00 am
Iran war: US imposes sanctions on 10 individuals, companies from China, Hong Kong over helping Tehran to build Shahed drones, ballistic missiles. Check full list of firms

Iran war: U.S. Treasury said it remained ready to take economic action against Iran's military industrial base to prevent Tehran from reconstituting its production capacity.

9 May 2026 5:41 am
FIFA World Cup 2026 opening ceremony details are out: Check lineup of singers, list of events for the biggest soccer world cup in history

World Cup 2026 marks the second time the global soccer showcase is being co-hosted by multiple countries. The 2002 World Cup was co-hosted by South Korea and Japan, with the former staging the opening ceremony.

9 May 2026 5:25 am
Iran-U.S war ending, Strait of Hormuz to reopen on Saturday? Details here

Washington has revised its proposed U.N. resolution demanding Iran halt attacks and mining in the Strait of Hormuz but the changes are unlikely to avert Chinese and Russian vetoes.

9 May 2026 5:18 am
Qualcomm bets on custom AI chips, targets Nvidia-led data centre market

Qualcomm is entering the competitive data center AI chip market. The company plans to launch unique CPU chips for agentic AI and AI accelerators. Custom chips for hyperscalers will ship by year-end. Qualcomm also diversifies into AI wearables, automotive, and telecom infrastructure. The company sees significant growth potential in these areas.

9 May 2026 5:00 am
Hantavirus outbreak: All about Andes virus strain that can transmit person to person as CDC classifies virus as level 3 emergency response

Hantavirus strain that can transmit from person to person -- Andes virus -- has been confirmed among those who have tested positive, fuelling international concern.

9 May 2026 4:53 am
UFO files release by Pentagon: Check full list of aliens, UAPs sightings

UFO Files: The initial release is a trove of videos, other imagery and testimony that is sure to stir more speculation among those who believe we are not alone in the universe.

9 May 2026 4:41 am
Quote of the day by George Michael: 'Only time will set you free...' Life lessons on peace, success and human nature by legendary British singer and songwriter

Quote of the day by George Michael highlights the words Only time will set you free, just like me. The quote connects with life lessons on peace, success, fame, and human nature. It also reflects the journey of George Michael from Wham! to solo success, personal struggles, and legacy in music. The message focuses on patience, growth, freedom, and self-acceptance.

9 May 2026 2:32 am
Quote of the day by Pythagoras: 'Educate the children and it won't be necessary to punish the men...' - How early education can replace punishment in society to shape better adults explained by the Greek philosopher-mathematician

The quote of the day by Pythagoras highlights the idea that early education and value-based learning can significantly shape human behaviour in adulthood. It suggests that many social problems and acts of wrongdoing can be prevented if individuals are guided properly during childhood, reducing the later need for punishment and strict enforcement. Rooted in the broader philosophy associated with Pythagoras, the idea connects education with moral discipline and social stability, implying that a we

9 May 2026 2:10 am
Angels, star-shaped structure, and four-foot-tall aliens: What declassified UFO files released by Trump administration revealed

President Trump and Defense Secretary Pete Hegseth have declassified approximately 170 files concerning UFO sightings and unidentified aerial phenomena. These documents include alleged photos from the Moon, transcripts of mysterious object sightings by Apollo crews, and reports of flying discs from the 1940s. The release aims to provide unprecedented transparency to the American public regarding these long-speculated events.

9 May 2026 1:39 am
Quote of the Day by Abraham Lincoln: 'Always bear in mind that your own resolution'Inspiring quotes by the 16th president of the United States who played a major role in the abolition of slavery

Quote of the Day: Abraham Lincoln's enduring quote, Always bear in mind that your own resolution to succeed is more important than any other one thing, highlights the power of inner determination. His life, from poverty to the presidency, exemplifies perseverance through hardship. This timeless message continues to inspire individuals to trust their resolve in overcoming obstacles and achieving success.

9 May 2026 1:31 am
Air India delays salary hikes, pushes cost cuts amid volatile FY26 outlook

Air India is tightening its belt. Facing global challenges, the airline is cutting costs. This move comes after significant expansion. Management aims to save money without harming service improvements. Salary raises are delayed. The airline is optimising routes and improving on-time performance.

9 May 2026 1:06 am
Britannia bets on Many Indias strategy amid inflation, shifting consumer demand

Britannia is adopting a 'Many Indias' strategy. Startup-style teams will gain local decision-making power. This move aims to boost agility and product customisation for regional markets. The company is also investing in premium products and new food categories. These changes are expected to yield results in the coming quarters.

9 May 2026 12:57 am
Hyundai India plans 7,500-cr capex for FY27 as Q4 net falls

Hyundai India is investing 7,500 crore and launching two new models this fiscal year to capitalize on rising demand. The company plans to expand its Pune facility, boosting annual capacity to 1.14 million units by 2030. Despite a profit dip in Q4 FY26, domestic sales and exports showed strong growth, with record rural penetration and CNG contributions.

9 May 2026 12:57 am
Beyond the Boundary: AI, influencers rewrite the cricket playbook

Cricket in India is becoming more than just a sport. Broadcasters and streaming services are creating new shows and content around cricketers. This aims to keep fans engaged throughout the year. Platforms are partnering with teams and players for original programming. This shift creates new opportunities for brands to connect with audiences.

9 May 2026 12:53 am
Pentagons new UFO files reveal Apollo 17 astronauts saw Fourth of July lights near the moon

Newly released Pentagon files reveal Apollo 17 astronauts reported seeing Fourth of July-like lights and drifting particles near the moon. The documents also detail unusual observations from Apollo 11, Apollo 12, and Gemini VII missions, fueling renewed interest in unexplained space phenomena, though the Pentagon states there is no consensus on the nature of these anomalies.

9 May 2026 12:39 am
Manufacturing retains growth pace in Q4 despite cost pressures: Ficci

India's manufacturing sector saw positive growth in Q4 FY26, driven by robust domestic demand. Despite rising input costs and geopolitical concerns, production levels increased, and manufacturers remain optimistic about future investments and hiring. Export sentiment also improved, with most firms reporting sufficient funding availability.

9 May 2026 12:38 am
UK PM Starmer 'takes responsibility' for Labour election losses

The ballot was the biggest electoral test for Starmer since Labour ousted the Conservatives following 14 years in power in a landslide election victory in 2024. The grim predictions made by opinion polls were borne out in results. Nigel Farage's anti-immigrant Reform UK party had gained 478 seats while Labour had lost 322 across 57 of the 136 English councils to announce results by mid-Friday.

9 May 2026 12:37 am
Ashok Lahiri takes charge as Niti VC

Economist Ashok Kumar Lahiri has assumed the role of vice chairman at Niti Aayog, succeeding Suman Bery. A former chief economic adviser and Finance Commission member, Lahiri's extensive experience is expected to bolster the think tank's evidence-based policymaking and economic transformation initiatives. The Aayog was recently reconstituted with Lahiri as vice chairman and seven new full-time members.

9 May 2026 12:34 am
Quote of the day by Ringo Starr: 'I had no schooling before I joined The Beatles and no schooling after The Beatles. Life is...' Life lessons on education, human nature and success by British musician, singer, songwriter and actor

Quote of the day by Ringo Starr highlights a message about education and life experience. The Beatles drummer said he had no schooling before or after the band and learned from life itself. The quote connects to modern views on success, creativity, and personal growth. This explainer covers the quote meaning, Ringo Starr biography, career journey, achievements, and lessons for readers seeking inspiration today.

9 May 2026 12:31 am
States told to shift to new base year for GSDP by end of FY27

The statistics ministry has directed states to adopt 2022-23 as the new base year for Gross State Domestic Product (GSDP) computation by fiscal 2027. This move aligns state-level estimates with the revised national GDP framework, enhancing regional economic data accuracy. While states are also free to develop sub-state CPI, there's no central directive for this.

9 May 2026 12:30 am
Oil PSUs suffer 30,000 cr under-recoveries a month

Indian oil companies face significant monthly losses on petrol, diesel, and LPG. This is due to selling fuels below international rates, which have risen sharply. While some fuel prices have increased, regular petrol and diesel prices remain unchanged. This situation is impacting the earnings of Indian Oil, HPCL, and BPCL, with their shares seeing a decline.

9 May 2026 12:24 am