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The Economic Times

Economy / The Economic Times

Quote of the day by Fyodor Dostoevsky 'Two intelligent people cannot fall in love; true love needs one idiot' - Why intelligence can be the biggest enemy of romance explained by the iconic Russian novelist

Love, as explored in the quote of the day, is shown as something that cannot be fully governed by logic alone. It suggests that when two people overanalyze every emotion and interaction, the natural flow of affection can get disrupted, whereas relationships often survive on a balance where at least one person allows vulnerability, spontaneity, and emotional risk.

1 May 2026 2:53 am
US oil reserves dropping sharply? Global oil prices swing as war disrupts supply and demand

US oil reserves dropping sharply? Global oil markets face volatility as Brent and WTI crude move after a four-year high. Strategic Petroleum Reserve levels fall while exports rise. The Iran conflict disrupts shipping and fuel costs rise across transport and goods. Natural gas futures climb while Waha Hub prices stay negative due to pipeline limits.

1 May 2026 2:35 am
Changing jobs? This 401(k) mistake could cost you big read before you cash out

Many workers in the US are facing problems with 401(k) retirement savings because they change jobs often. The system is old and not well connected, making it hard to move money easily. This leads to multiple accounts or early withdrawals. Experts say improving digital systems and keeping money invested can help people grow better retirement savings in the long term.

1 May 2026 1:48 am
African proverb of the day: 'A friend is someone you share the...' thought-provoking lessons on understanding who your true friend is and importance of friendship in life

African proverb of the day: Friendship is a natural, meaningful connection built on choice, trust, and mutual support, not obligation. An African proverb highlights that a true friend walks with you through life's unpredictable journey, sharing both joys and challenges. This companionship offers emotional strength and a sense of belonging, emphasizing equality and shared growth.

1 May 2026 1:33 am
Alphabet adds $420 billion in market cap today, and will it soon become worlds most valuable public company? Global markets react to record valuation jump

Alphabet adds $420 billion in market cap today, and will it soon become worlds most valuable public company? The surge followed a strong Q1 2026 earnings report and rising demand for AI services. The company moved close to a $4.4 trillion valuation and is now about 6% away from overtaking Nvidia. Investors are watching revenue growth, profit growth, and future AI demand to understand what could happen next.

1 May 2026 1:29 am
$10 Million bash? Did Taylor Swift set a cap on the budget of the lavish Bachelor party plan for Travis Kelce?

Taylor Swift has reportedly set a $10 million budget for Travis Kelce's bachelor party, with plans for private jets and villa rentals in the Bahamas. The celebration will include golf sessions and dinners, aiming for a relaxed atmosphere. Meanwhile, Swift is planning multiple bachelorette getaways with her best friends.

1 May 2026 1:21 am
Lessons on AI accountability and governance: Why did IBM warn in 1979 that computers should never make management decisions and why is it relevant now as AI takes over?

AI decision making risks explained: An IBM warning from 1979 about computers making decisions is now a real-world issue. AI is deeply involved in company choices, moving beyond support. This creates a governance gap as AI adoption outpaces oversight. Companies are now shifting focus to AI control and accountability frameworks.

1 May 2026 1:02 am
Flood Watch issued across Brazos Valley: Which 15 counties are included in the current alert?

The National Weather Service has issued a Flood Watch for much of the Brazos Valley and surrounding Texas regions from Thursday night through early Saturday. Forecasts indicate 2 to 4 inches of rainfall, with isolated areas likely to receive higher totals, increasing the risk of flash flooding. The alert impacts 15 counties and may expand as conditions evolve. Residents are advised to remain alert.

1 May 2026 12:58 am
Congress relents, backs Shiv Sena UBT for Maharashtra MLC elections

The Congress party has decided to support the Uddhav Balasaheb Thackeray Sena nominee for the Maharashtra Legislative Council elections. This decision was made to ensure opposition unity and prevent the Bharatiya Janata Party from gaining an advantage. A meeting between Congress and Sena leaders solidified this agreement. The Congress party sought assurances for future nominations.

1 May 2026 12:57 am
In big relief to Vodafone Idea, govt pares its AGR liabilities by 27%

The Department of Telecommunications (DoT) has reduced Vodafone Ideas adjusted gross revenue (AGR) liabilities by about 27%, providing significant financial relief to the telecom operator.

1 May 2026 12:56 am
Pawan Khera's anticipatory bail plea: Apex Court reserves judgement

The Supreme Court has reserved its judgment on a plea for anticipatory bail filed by Congress leader Pawan Khera. The case involves allegations of defamation and forgery against the wife of Assam's Chief Minister. Khera argues his statements only constitute defamation. Assam Police contend he used forged documents and seek his custody to investigate accomplices and foreign involvement.

1 May 2026 12:53 am
ORS sales melt in March after govt's stricter labelling norms

Indias oral rehydration solution (ORS) market has declined after regulatory action restricted the labelling of sugary drinks as ORS, affecting pharmaceutical companies that depend on seasonal demand.

1 May 2026 12:52 am
HUL margins hit by input costs despite volume growth

HUL's volume growth exceeded expectations, driven by home care and beauty segments. However, rising input costs pressured margins, leading to a 2-5% price increase on products. The company aims to protect sales volume with calibrated price adjustments. HUL anticipates continued execution buoyancy in FY27, supported by premiumization and quick commerce growth. The company has retained its FY27 Ebitda margin guidance.

1 May 2026 12:50 am
Mamata Banerjee dismisses exit projections, claims Trinamool will win over 226 seats

West Bengal Chief Minister Mamata Banerjee has rejected exit poll predictions. She stated these projections were released on BJP's orders to weaken her party. Banerjee also accused Union Home Minister Amit Shah and central forces of acting as BJP agents. She questioned Prime Minister Narendra Modi's remarks about poll results strengthening India's resolve while voting was still underway.

1 May 2026 12:49 am
Rising costs may hit smaller local Cos, says Unilever CEO Fernando Fernandez

Unilever has said that supply chain disruptions and rising crude-linked input costs could pressure smaller local competitors in India, potentially easing price competition in the consumer goods sector. Speaking during the companys earnings call, CEO Fernando Fernandez noted that shortages faced by some local players in India and Southeast Asia may strengthen Unilevers ability to pass on price increases in the future, particularly in categories such as laundry products.

1 May 2026 12:46 am
CM Stalin reviews prospects with senior leaders of DMK

Tamil Nadu Chief Minister MK Stalin met with senior DMK leaders after returning from a vacation. The meeting at the party headquarters focused on assessing their chances of winning the upcoming April 23 assembly elections. This comes as exit polls suggest the DMK will regain power in the state. Key leaders, including DMK general secretary Durai Murugan, were present.

1 May 2026 12:45 am
Federal Bank to acquire 4.5 lakh Standard Chartered card portfolio

Federal Bank is set to acquire a significant credit card portfolio from Standard Chartered Bank. This deal involves approximately 450,000 cards. The acquisition will boost Federal Bank's existing credit card base. It will also strengthen its presence in major Indian cities. The transaction is expected to conclude by the end of 2026.

1 May 2026 12:45 am
Get paid to move? 4 places offering up to $18,900 hidden rules and how to apply now

Some cities in the U.S. are offering money to people who are ready to move. These relocation programs mainly target remote workers with stable jobs. Benefits can include cash, housing help, and lifestyle perks. But there are rules like income limits and delayed payments. People must apply through official platforms and follow conditions before getting the full rewards.

1 May 2026 12:44 am
What are fibre-optic drones, and how do they work? Hezbollah deploys cable-guided attack drones to evade Israeli air defences

What are fibre-optic drones, and how do they work? Fibre-optic drones are cable-guided attack drones used by Hezbollah against Israeli troops. The drones bypass electronic jamming, fly low, and strike targets using optical cables and cameras. The technology mirrors battlefield tactics from Ukraine and signals a change in drone warfare and military defence planning.

1 May 2026 12:43 am
SBI promotes 8 CGMs as DMDs in annual reshuffle

State Bank of India has elevated eight Chief General Managers to Deputy Managing Director positions. These promotions align with the bank's annual cycle. New DMDs are being assigned departments as existing officials retire. Several retirements are scheduled between June and September. This strategic move ensures continuity in leadership across key banking functions.

1 May 2026 12:41 am
Deposit rates pick up as banks signal upward repricing cycle

Bank deposit rates across the Indian banking system rose in March 2026, according to data released by the Reserve Bank of India. The weighted average domestic term deposit rate (WADTDR) on fresh rupee deposits increased by 42 basis points to 6.07% in March from 5.65% in February.

1 May 2026 12:39 am
Bombay HC quashes Rs 1,524 crore proposed GST demand on Tata Sons in Docomo arbitration payout case

The Bombay High Court quashed a Rs 1,524 crore GST demand against Tata Sons, ruling that payments made to NTT Docomo as an arbitration award do not constitute a taxable 'supply of service'. The court found the revenue department's attempt to levy GST on the settlement of the arbitral award to be unjustified, setting aside the show cause notice.

1 May 2026 12:39 am
US Military prepares Iran strike options for Trump

According to Axios, CENTCOM has drawn up plans for a short and powerful wave of strikes on Iran, potentially targeting infrastructure. Another option includes securing parts of the Strait of Hormuz to restore commercial shipping.

1 May 2026 12:38 am
Vande Bharat Express now links Jammu to Srinagar directly

Union Railways Minister Ashwini Vaishnaw launched the 20-coach Vande Bharat Express in Jammu and Kashmir. This marks the first direct rail link between Jammu and Srinagar. The service reduces travel time and provides an all-weather connection. The train is popular and has become a lifeline for the region. Future plans include connecting Poonch, Rajouri, and Uri to the rail network.

1 May 2026 12:36 am
India charts 2047 diplomacy, China focus at MEA meet

Indian envoys met in New Delhi for a three-day conference. Discussions focused on India's neighbourhood, China, and West Asia. The aim was to prepare diplomacy for the Vikshit Bharat 2047 goal. Prime Minister Narendra Modi and NSA Ajit Doval addressed the gathering. The conference also covered economic diplomacy and boosting FDI. It emphasized results-driven diplomacy and effective delivery.

1 May 2026 12:35 am
J&K Police file FIR against unidentified persons over video of Syed Ali Shah Geelani

Srinagar police have filed a case against unknown individuals. This action follows the circulation of a video featuring the late separatist leader Syed Ali Shah Geelani on social media. Authorities state the video promotes separatist ideology and public disaffection. The FIR was registered after a politician shared an old video of Geelani urging language preservation.

1 May 2026 12:32 am
HC directs Punjab govt to ensure no physical harm to Harbhajan Singh, family

The Punjab and Haryana High Court has ordered the Punjab government to ensure the safety of Rajya Sabha MP Harbhajan Singh and his family. This interim order follows a petition by Singh, who recently joined the BJP, after his security cover was withdrawn. The court also noted a mob attack on his residence, allegedly facilitated by local police.

1 May 2026 12:31 am
India warns Italy: No defence tech for Pakistan

India and Italy are boosting defense ties. They are looking at joint development of new weapons. India made it clear that defense technology must not go to Pakistan. Italy is open to co-developing systems exclusively with Indian companies. Both nations also discussed regional security matters. A plan for military cooperation until 2027 was exchanged.

1 May 2026 12:30 am
Mizoram declared inurgency-free as last group lays down arms

Mizoram is now free of active underground ethnic insurgent groups. Cadres of the Hmar People's Convention (Democratic) - Lalhmingthanga Sanate faction - formally returned to the mainstream, laying down arms. A ceremony marked the event in Sesawng. This follows a peace pact signed earlier this month. The government welcomed the cadres, highlighting the state's newfound peace and unity.

1 May 2026 12:29 am
India known for IT, Pakistan for international terrorism, says defence minister Rajnath Singh

Defence Minister Rajnath Singh highlighted India's strength. He stated Pakistan is known for international terrorism, while India excels in information technology. The nation is prepared for prolonged conflict and has enhanced its surge capacity.

1 May 2026 12:24 am
PM Modis Ujjwala at 10 marks shift from access to empowerment, says education minister Dharmendra Pradhan

Ten years on, the Pradhan Mantri Ujjwala Yojana has provided clean cooking fuel to over 10 crore women. This initiative has significantly improved household health and reduced time spent on fuel collection. Women are now participating more in economic activities, gaining a stronger voice.

1 May 2026 12:24 am
Quote of the Day by Robert Downey Jr.: 'Just smile and nod, even argue if you want' Inspiring quotes from the Iron Man as he didnt just save the world, he dropped wisdom too

Quote of the Day: Robert Downey Jr.'s life story is a remarkable comeback. His quote, 'Just smile and nod, even argue if you want, but ultimately do what's in your heart,' resonates today. It highlights the importance of listening to others while staying true to oneself. Downey's journey from struggles to global stardom offers a powerful lesson in resilience and self-trust.

1 May 2026 12:23 am
Quote of the day from American author Margaret Mead: Children must be taught how to think, not what to think.

Cultural anthropologist Margaret Mead's legacy emphasizes teaching children to think critically, not what to think. Her research in Samoa and Papua New Guinea challenged Western norms, highlighting how culture shapes individuals. Mead's philosophy, particularly her quote 'Children must be taught how to think, not what to think,' remains vital for fostering independent, adaptable minds in today's world.

1 May 2026 12:10 am
Indias textile output shrinks in March as Iran war fuels input costs, hits

India's textile production saw a significant drop in March. Key sectors like readymade garments and cotton goods faced challenges. Rising costs for raw materials, packaging, and chemicals squeezed manufacturers. Disruptions from the Iran war affected shipments and increased freight expenses. This situation is putting pressure on industry margins and output.

1 May 2026 12:02 am
ISC Class 12 Topper 2026: Kanpur student gets perfect 100/100 score, claims school

ISC Class 12 Results 2026: Kanpur student Ojasvit Pasricha achieved a perfect 100 percent in the ISC Class 12 examinations. The CISCE announced impressive pass rates for both ICSE and ISC exams. Sheiling House School also reported a 100 percent pass rate for its ICSE Class 10 students. The results reflect strong academic performance across the nation.

30 Apr 2026 11:55 pm
Crypto card spending surges to $600 million monthly: How are crypto cards becoming one of 2026s fastest-growing payment trends?

Crypto card spending growth 2026: Crypto cards are experiencing a surge in popularity, with monthly transaction volumes reaching approximately $600 million. This growth is driven by seamless integration with existing payment networks like Visa and Mastercard, enabling everyday spending of digital assets.

30 Apr 2026 11:54 pm
DEA notice awaited on easing FDI rules for foreign cos with up to 10% in China firms

FDI rules for overseas companies with up to 10% Chinese shareholding are set to be notified soon, as the Department of Economic Affairs is finalising the required approval under FEMA, an official said. The Department for Promotion of Industry and Internal Trade (DPIIT) had already issued a March Press Note easing norms for investments from land-border countries, allowing such firms to invest in India under the automatic route across sectors.

30 Apr 2026 11:54 pm
Indian workers are central to Middle East oil yet, theyre unseen

Indian migrants have been crucial to the Middle Eastern oil industry from its beginnings. Professor Andrea Wright highlights their significant contributions, from skilled tradesmen to manual laborers. Despite earning significantly more than in India, these workers often face loneliness and challenging conditions. Historically, strikes and unions were present but later restricted. Their labor remains vital, though often invisible.

30 Apr 2026 11:53 pm
Jewish proverb of the day: I have set before you life and death and you shall choose life life lessons on free will, right choices, responsibility and why choosing good shapes your future

Synopsis - This Jewish proverb teaches that honest and heartfelt words create a deep emotional connection between people. It explains that true impact comes from sincerity, not just smart speaking. Through a religious message and a biblical story, it shows how real emotions, actions, and truth can heal relationships and influence others in a powerful and meaningful way.

30 Apr 2026 11:51 pm
Audit watchdog to split disciplinary & probe functions, set up 4 divisions

The National Financial Reporting Authority (National Financial Reporting Authority) has begun a major internal restructuring to separate its investigation and disciplinary work into different divisions. The move is aimed at reducing any possible conflict of interest and improving procedural fairness in how audit-related cases are handled.

30 Apr 2026 11:48 pm
Quote of the Day by Tom Cruise: When you have to cope with a lot of problems Advice on overcoming challenges, building mental strength, handling pressure, and how to stay strong during difficult times by the actor and producer known for Top Gun and the Mission: Impossible franchise

Quote of the Day by Tom Cruise: When you have to cope with a lot of problems, you're either going to sink or you're going to swim, Tom Cruise's quote delivers a clear message about resilience and response under pressure. When faced with multiple challenges, individuals are pushed to either give up or push forward. It emphasizes that problems are unavoidable, but outcomes depend on how one reacts. The quote encourages strength, persistence, and action during difficult times, reminding us that gro

30 Apr 2026 11:45 pm
Who are Dr Nicole B. Saphier and Dr Casey Means, and how are they linked with President Donald Trump? Trump nominates new surgeon general after stalled pick

Who are Dr Nicole B. Saphier and Dr Casey Means, and how are they linked with President Donald Trump? The US surgeon general nomination changed after President Donald Trump selected Dr Nicole B. Saphier and withdrew Dr Casey Means. The move follows delays on Capitol Hill. The surgeon general role focuses on public health guidance and national health education. The announcement has renewed focus on Nicole Saphier, Casey Means, and the surgeon general selection process.

30 Apr 2026 11:44 pm
Thought of the day by Phoebe Dynevor: When you're on the cusp of throwing in the towel Words by Daphne Bridgerton on how to be positive when you are about to give up

Thought of the day: Phoebe Dynevors thought of the day serves as a reminder that progress doesnt always feel like forward movement. At times, it shows up as exhaustion, doubt or the urge to give upbut just beyond that moment, something can change.

30 Apr 2026 11:43 pm
RPG Life Sciences bets big on API business, eyes GLP-1 entry by August-September

RPG Life Sciences is prioritizing its API business for future growth, planning a significant acquisition to scale operations. The company also aims to enter the GLP-1 weight-loss therapy market by August-September. Despite geopolitical risks, RPG Life Sciences is strategically focusing on niche, complex molecules and expanding into new therapy areas.

30 Apr 2026 11:41 pm
India's IT is 'Information Technology', Pakistan's is 'International Terrorism': Rajnath

Defence Minister Rajnath Singh declared India's fight against terrorism is a battle for humanity's core values. He emphasized a new approach, moving beyond mere words to decisive action, exemplified by Operation Sindoor. This operation showcased India's integrated military might. India now stands firm against terrorism and its sponsors, transforming its global standing. Defence exports have also seen significant growth.

30 Apr 2026 11:40 pm
HUL sales from Q-Com double in FY26, e-Com turnover up 25 pc

Hindustan Unilever saw a significant surge in sales from hyperlocal delivery platforms, doubling in FY26. E-commerce sales also experienced robust growth exceeding 25 percent. This success is attributed to a dedicated quick commerce team and a strong omni-channel strategy. The company is enhancing its presence across various channels to drive sustained growth.

30 Apr 2026 11:37 pm