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The Economic Times

Economy / The Economic Times

Passenger vehicle sales race ahead in May as Maruti, Kia break records

The Indian automobile industry celebrated a strong sales performance in May, with Maruti Suzuki and Kia India achieving their best-ever sales figures for the month. Fuel price increases didnt dampen consumer enthusiasm, as passenger vehicle sales rose significantly.

1 Jun 2026 5:31 pm
India meets FY26 fiscal deficit target of 4.4% of GDP; revenue deficit at 1.55%

India's fiscal deficit reached the budgeted 4.4% of GDP for fiscal 2026. This eases immediate government finance worries. However, the focus shifts to next year's ambitious consolidation target. The country might face challenges meeting the current year's deficit goal due to rising subsidy costs. Revenue receipts showed mixed performance compared to the previous year.

1 Jun 2026 5:23 pm
Royal Enfield sales up 15 pc in May at 1,03,231 units

Royal Enfield saw a strong 15 percent sales increase in May. Domestic sales surged by 24 percent, reaching 94,115 units. This growth continues the company's momentum. Exports experienced a 33 percent decrease. The company also launched the Bullet 650 and announced plans for a new manufacturing facility in Andhra Pradesh to support future expansion.

1 Jun 2026 5:02 pm
Quote of the day by Nelson Mandela: What counts in life is not the mere fact that we have lived. It is...

Quote of the Day: Nelson Mandela believed life's true worth comes from impacting others positively. His words highlight that our contributions and kindness matter more than just living. Mandela, a leader in human rights, served as South Africa's first black president. He received the Nobel Peace Prize for his role in ending apartheid.

1 Jun 2026 5:02 pm
India's industrial output in April at 4.9% under new series, manufacturing output grows 6.2%

India's industrial output for April reached 4.9% under a revised Index of Industrial Production (IIP) series with an updated base year of 2022-23. The expanded index now includes 120 new item groups, capturing emerging segments and providing more granular data across sectors like manufacturing, mining, and electricity.

1 Jun 2026 4:54 pm
She spent decades caring for others. But at 87, her granddaughter helped her live a childhood dream

A touching video shared on Instagram has captured hearts online after an 87-year-old grandmother fulfilled a lifelong dream of seeing the beach for the first time. Accompanied by her granddaughter and family members, she spent a peaceful day by the ocean, creating a memory that resonated with thousands of viewers. The clip sparked emotional reactions and personal stories from people who were reminded of their own grandparents

1 Jun 2026 4:53 pm
New OTT releases this week (June 1-June 7): 14 new movies and shows coming on Netflix, JioHotstar, Prime Video and more

OTT releases this week offer a mix of comedy, thrillers, family dramas, documentaries and spy adventures across platforms like Netflix, JioHotstar, SonyLIV, ZEE5 and Prime Video. From Maa Behen and Brown to Gullak 5 and Cape Fear, viewers can look forward to an exciting lineup of movies, web series and documentaries arriving between June 1 and June 5, 2026.

1 Jun 2026 4:48 pm
Good news for diabetes & BP patients: Govt cuts prices of these 30 medicines, relief may reach pharmacies soon

The National Pharmaceutical Pricing Authority (NPPA) has fixed retail prices for 30 essential drug formulations, including those for diabetes, heart disease, and infections. This move aims to reduce treatment costs for millions of patients managing chronic illnesses, with benefits expected to reach consumers within two to three months as new stock replaces older inventory.

1 Jun 2026 4:48 pm
While Europe negotiated FTA, this startup was already hosting India's internet economy

A new trade deal between India and Europe opens doors for businesses. However, companies like Hostinger from Lithuania already found success in India by understanding local needs. They focused on affordable, user-friendly online tools. This shows that early localization and market understanding are key to winning in India, not just trade agreements.

1 Jun 2026 4:39 pm
One Piece Season 3 release window: Heres when you can expect Netflixs biggest adventure episodes to drop

With production now underway, a beloved fan-favorite storyline on the horizon and Netflix continuing to expand its investment in the franchise, One Piece Season 3 is shaping up to be the most ambitious and expansive chapter of the series yet.

1 Jun 2026 4:37 pm
Delhi Air Quality Index average between January-May 2026 lowest in 8 years barring 2020: Commission for Air Quality Management

Delhi is breathing a little easier as air quality shows marked enhancement. The Commission for Air Quality Management has said that the average Air Quality Index from January to May this year has reached its lowest level in eight years, aside from the exceptional circumstances of 2020. Notably, May recorded the cleanest air during this timeframe, highlighting the effectiveness of recent pollution control initiatives.

1 Jun 2026 4:37 pm
June 2026 Dry Days: Liquor shops to be closed on this date. Check the latest update

June 2026 is set to have a quiet month for alcohol sales in India, with Muharram on June 16 marking the primary dry day. This religious observance is expected to lead to temporary closures of liquor shops, bars, and restaurants across various regions. Residents and event planners are advised to monitor local announcements for specific regulations.

1 Jun 2026 4:35 pm
BFSI firms set to see AI-led decision-making and real-time fraud detection

However, before large-scale adoption, companies need to address challenges around AI governance, infrastructure, and security

1 Jun 2026 4:34 pm
Nvidia bets on artificial intelligence personal computers with new chip powering Windows laptops and desktops

Nvidia is launching powerful new chips for laptops and desktops. These will bring advanced AI functions to personal computers. Microsoft and Dell will release new models later this year. This move aims to create 'AI personal computers' that can run AI agents locally. Experts believe this will revolutionize PCs over the next decade.

1 Jun 2026 4:32 pm
Famous alphonso mango is facing existential crisis this year

Ratnagiri's Alphonso mango growers are facing a challenging season due to weather disruptions that significantly reduced production. This has led to higher prices and increased sales of lookalike mangoes, raising concerns about the authenticity and future identity of the GI-certified fruit.

1 Jun 2026 4:32 pm
30 years in the same company, yet minimal retirement benefits. Wife discovers why her husband never worked late and turned down promotions: Wanted to have breakfast with you every morning

A man retired after three decades with a modest payout. His family was surprised by the low amount. The reason emerged: he consistently chose family over overtime, weekends, and promotions. He valued his presence at home more than financial gains. His wife realized he had always brought home his time and memories, not just a paycheck.

1 Jun 2026 4:27 pm
Saket building collapse: Municipal Corporation of Delhi drive to identify, seal illegal structures in South Delhi

Two days after a fatal building collapse in Saket, the Municipal Corporation of Delhi (MCD) is initiating a crackdown on illegal constructions in South Delhi. Officials will identify and issue notices to unauthorized buildings exceeding ground plus three floors. A seal-and-vacate drive will commence in areas like Mehrauli and Saket.

1 Jun 2026 4:23 pm
Even on your worst days, you show up smiling: Gurgaon-based CEO explains the hidden burden of a founder

Startup founders face a daily challenge. They must project confidence even when uncertain. This leadership trait keeps teams motivated. Jasveer Singh, Knot Dating CEO, highlights this hidden struggle. Founders manage fear and doubt internally. They acknowledge failures and learn from them. This resilience defines the founder journey, though it remains largely unseen.

1 Jun 2026 4:23 pm
Reply to plea seeking compliance with recommendations of disability commissions: Supreme Court notice to Centre

The Supreme Court has asked the Centre for its response on a plea seeking guidelines for timely compliance with recommendations from disability commissions. The petition highlights implementation gaps in grievance redressal for persons with disabilities. It points out that authorities often fail to comply or provide reasons. It has also sought directions to conduct an independent audit of the offices of the chief commissioner as well as the state commissioners for persons with disabilities.

1 Jun 2026 4:22 pm
Suraj Estate acquires development rights for Mahim land parcel, eyes Rs 800 cr GDV

Suraj Estate Developers is set to acquire development rights for a 0.72-acre land parcel in Mahim (West), Mumbai, for Rs 75 crore. This strategic acquisition is expected to boost the company's commercial footprint in South Central Mumbai, adding approximately 1.50 lakh sq ft of saleable area with an estimated gross development value of Rs 800 crore.

1 Jun 2026 4:18 pm
Banks sanction Rs 35,000 cr loans under ECLGS to MSMEs to deal with West Asia crisis

Banks have disbursed Rs 35,000 crore in loans under the Emergency Credit Line Guarantee Scheme. This initiative supports MSMEs and industries affected by the West Asia conflict. The scheme aims to provide crucial liquidity and prevent job losses. It offers additional credit and guarantees to eligible businesses.

1 Jun 2026 4:16 pm
Two out of every three bank loans in India carry interest rates below 9%

Indian banks are witnessing a significant shift as nearly two-thirds of credit now carries sub-9% interest rates, a consequence of aggressive RBI rate cuts. This trend, while fueling robust credit growth across sectors, is pressuring banks' net interest margins. The household sector continues to drive borrowing, with personal loans seeing a notable moderation.

1 Jun 2026 4:08 pm
Puravankara inks joint development pact for 11.23-acre Bengaluru land parcel

Realty firm Puravankara Ltd has secured an 11.23-acre land parcel in Doddagubbi, North Bengaluru. This joint development agreement is valued at Rs 1,100 crore. The project will feature residential apartments with a developable area of 0.74 million sq ft. This move strengthens Puravankara's presence in Bengaluru, its primary market. The company aims for significant sales growth in the coming years.

1 Jun 2026 4:04 pm
NHAI toll exemption list to be reduced: Govt may end toll exemptions for some

The central government is considering reducing toll exemptions for vehicles of senior government officials on national highways. A high-level committee recommended amending rules to limit fee-free crossings, with discussions underway to phase out these exemptions. The FASTag Annual Pass is being promoted as an alternative for government employees.

1 Jun 2026 3:58 pm
Raakh OTT release date revealed: When and where to watch Ali Fazals investigative crime thriller

Ali Fazal and Sonali Bendre lead the new crime thriller Raakh. The series streams on Prime Video from June 12. It follows a Sub-Inspector's investigation into a shocking crime. The plot is inspired by the Ranga-Billa case. Raakh explores human psychology, guilt, and redemption. It promises a gripping narrative and extraordinary performances.

1 Jun 2026 3:52 pm
Supreme Court questions Waqf institution's plea for court fees exemption in tribunals

The Supreme Court questioned the legal foundation for Waqf institutions to be exempt from paying court fees. This came up during a hearing concerning a Gujarat High Court decision. The High Court had previously ruled that Waqf institutions must pay court fees for cases before the State Waqf Tribunal. Petitioners sought more time to present their arguments challenging this ruling.

1 Jun 2026 3:49 pm
Reels abroad, real consequences? IPS officer warns viral videos could tighten visa rules for Indians

An IPS officer has voiced concerns that viral videos of Indians exhibiting inappropriate public behavior abroad could negatively impact the country's image and lead to stricter visa policies for all citizens. He emphasized that holding an Indian passport entails a responsibility to respect local laws and conduct oneself appropriately overseas.

1 Jun 2026 3:48 pm
'Makes world a better place': Guntur residents leave wearable old clothes in public spaces for anyone in need to take freely

A community-driven clothing-sharing initiative in Andhra Pradesh's Guntur district has captured attention online. According to the post, residents are leaving old clothes that are still in good condition in public places, allowing anyone who needs them to take them freely.

1 Jun 2026 3:39 pm
India, Oman free trade pact comes into force

India and Oman's free trade agreement is now active. This pact offers Indian exporters better market access in Oman. Sectors like textiles, leather, and marine products will benefit. Oman is a key trading partner and gateway to the GCC market. Bilateral trade between the two nations has seen growth.

1 Jun 2026 3:37 pm
India-US trade deal: Large parts finalised, talks resume June 2 in New Delhi, says Piyush Goyal

India and the United States are nearing a trade agreement. Key details have been finalized, with negotiators meeting to resolve remaining issues. The pact will incorporate recent changes to US tariffs. This interim agreement aims to provide preferential market access for businesses. Both nations are also advancing discussions on a broader Bilateral Trade Agreement.

1 Jun 2026 3:33 pm
Just mark my words: Anthropic CEO Dario Amodei's stark warning on AI-driven layoffs, says 'ideology won't survive reality'

Anthropic CEO Dario Amodei predicts AI's profound impact on jobs will force political unity on worker support measures. He believes ideology will yield to reality as AI transforms industries, necessitating bipartisan solutions for retraining and economic aid. While some research shows nuanced effects, Amodei foresees a future where governments must address AI-driven disruption.

1 Jun 2026 3:30 pm
Quote of the day by Abraham Lincoln: Others have been made fools of by the girls; but this can never be with truth said of me. I made a fool of myself; what ex-American President said about his relationship

Abraham Lincoln's private letters offer a rare glimpse into his personal life. Before becoming President, he faced heartbreak and self-doubt. A failed courtship in 1838 led him to admit he had made a fool of himself. This candid reflection highlights his willingness to take personal responsibility. His words reveal humility and self-awareness, lessons still relevant today.

1 Jun 2026 3:28 pm
Word of the Day: Nefelibata

Word of the Day: Modern life often encourages people to value efficiency and productivity above all else. Nefelibata serves as a reminder that imagination remains one of humanitys greatest strengths. Many of historys breakthroughs began with individuals who dared to envision possibilities that did not yet exist and realities others could not yet see.

1 Jun 2026 3:28 pm
Top Bollywood actress says she got a big movie because of 'law of attraction'. How did she make it happen?

Vidya Balan's Bollywood debut in Parineeta was a dream come true. Her admiration for director Pradeep Sarkar led to early collaborations. These projects paved the way for her iconic role. The film launched her career, establishing her as a prominent actress. Read on to know 'law of attraction' helped her.

1 Jun 2026 3:23 pm
Siemens Ltd sells Low Voltage and Geared motors business to Innomotics India for Rs 2,200 cr

Siemens Limited has successfully sold its Low Voltage Motors and Geared Motors business. The deal with Innomotics India Private Limited is valued at Rs 2,200 crore. This transaction includes related customer service operations. Siemens Limited is a prominent technology company. The sale was completed on January 1, 2026. This marks a significant development for the company.

1 Jun 2026 3:18 pm
Commerce ministry to hold workshops on FTAs across country

The commerce ministry will hold nationwide workshops to inform businesses about the advantages of India's Free Trade Agreements. These pacts offer significant benefits for industry growth. India has already finalized five such agreements in recent years. A trade deal with Oman will become effective on June 1. Businesses are encouraged to utilize these agreements to their full potential.

1 Jun 2026 3:18 pm
Suzlon Group appoints Ashok Ramachandran as President, India Business

Suzlon Group has appointed Ashok Ramchandran as President, India Business on Monday. He brings over two decades of global leadership experience. Ramchandran will focus on strengthening Suzlon's market leadership. His expertise will aid the company's transition to a wind-first renewable energy firm. This appointment is crucial for Suzlon's growth strategy.

1 Jun 2026 2:57 pm
Tata Motors commercial vehicle sales soar 17% at 32,850 units in May

Tata Motors has announced strong sales figures for May. Total commercial vehicle sales saw a significant 17 percent increase. Domestic sales also climbed by 19 percent, showcasing robust performance. While international volumes experienced a slight dip, the overall trend indicates positive momentum for the company's commercial vehicle segment. This growth reflects a healthy market for Tata Motors' offerings.

1 Jun 2026 2:55 pm
FPSB India names Ramesh Vishwanathan CEO to drive growth of financial planning profession

FPSB India has appointed Ramesh Vishwanathan as its new Chief Executive Officer. Vishwanathan brings over 25 years of leadership experience in financial services. He will focus on strategic direction and growth for the financial planning profession in India. This appointment comes as India sees significant growth in CFP professionals, highlighting increasing demand for financial advisors.

1 Jun 2026 2:53 pm
I'd choose smoking over social media for my kids: Denmark PM Mette Frederiksen's controversial comment goes viral, sparks debate

Danish Prime Minister Mette Frederiksen sparked controversy comparing children's social media use to smoking. She later apologized, stating her intent was to highlight children's vulnerability online. Denmark is now pushing to ban social media for children under 15, with stricter rules for younger teens. The government believes digital platforms have negatively impacted youth well-being.

1 Jun 2026 2:50 pm
Dream cut short: Teen cricketer dies after being run over by pitch levelling goes horribly wrong in Maharashtras summer camp

A 15-year-old aspiring cricketer tragically died after being crushed by a pitch roller at a summer camp in Maharashtra. The accident occurred when children were asked to level the pitch without adult supervision. Police have registered a case against coaches and organizations for culpable homicide not amounting to murder.

1 Jun 2026 2:49 pm
India's seafood exports hit record high in FY 2025-26: Frozen shrimp leads growth

India's seafood exports hit an all-time high in fiscal year 2025-26. Volume reached 19,72,018 metric tons, valued at over 73,000 crore rupees. Frozen shrimp led the exports, with the USA and China as top buyers. This significant achievement occurred despite global economic hurdles. The Marine Products Export Development Authority confirmed the record-breaking performance.

1 Jun 2026 2:49 pm
Texas emerges as US' new economic powerhouse amid California exodus

Houston, Texas is leading corporate headquarters relocations, attracting 192 companies since 2018. Businesses are leaving California due to high taxes, regulations, and costs. This trend, detailed in a Partners Real Estate report, sees Texas, particularly Dallas-Fort Worth, Austin, and Houston, becoming a major business hub.

1 Jun 2026 2:48 pm
Railways renews push for installing Atmospheric Water Generators

Indian Railways has renewed its push to deploy Atmospheric Water Generators (AWGs) in water-scarce areas, asking zones, production units and PSUs to identify locations where clean drinking water supply remains a challenge. AWGs generate potable water from moisture in the air and can be installed at railway stations, hospitals, staff colonies, offices, level crossings and other service areas.

1 Jun 2026 2:47 pm
Assam govt suspends distribution of ration items for two months due to interim budget

Assam has temporarily halted the distribution of subsidized pulses, sugar, and salt under its public distribution system for two months, effective June. This suspension is due to the ongoing vote-on-account budget following recent assembly elections. The scheme is expected to resume in August after the new government presents its full budget.

1 Jun 2026 2:43 pm
Zee to stream FIFA World Cup 2026 in India

Zee Entertainment Enterprises has secured media rights for FIFA events in India until 2034. This includes the FIFA World Cup 2026 and 2030, and the FIFA Women's World Cup 2027. Zee will broadcast 39 global football events across its television and digital platforms. This move strengthens Zee's sports broadcasting portfolio and aims to grow subscriber and advertising revenues.

1 Jun 2026 2:41 pm
India's power consumption grows 11.55 pc to 164.98 bn units in May

India's power consumption rose significantly in May. Heat waves across the nation drove up the use of cooling appliances. This led to a record high in peak power demand. The country's power usage and demand are expected to remain strong. Projections indicate a harsh summer ahead.

1 Jun 2026 2:39 pm
Your next airport selfie or reel could get your phone confiscated or even put you on the no-fly list: DGCA's new rule every traveller should know

New DGCA guidelines prohibit unauthorised photography and videography in sensitive airport areas. Passengers caught recording in restricted zones without permission may face penalties, confiscation of devices and, in serious cases, even flying bans. The move comes amid a rise in social media content that has inadvertently exposed security-related information. Individuals or organisations wishing to film advertisements, documentaries or commercial content at airports must obtain prior approval fr

1 Jun 2026 2:38 pm