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The Economic Times

Global Business / The Economic Times

Non-compliance notices issued to 15 Virtual Digital Asset service providers under PMLA

India's Financial Intelligence Unit issued notices to fifteen Virtual Digital Assets Service Providers. These firms operated without complying with anti-money laundering regulations in India. The Director of FIU-India also ordered the takedown of illegal applications and URLs. Fifteen firms were brought under the AML/CFT framework in March 2023. Virtual Digital Assets Service Providers must register with FIU-India and follow mandated obligations.

9 Sep 2026 11:56 am
Blaze erupts in Surat textile market; several shops damaged, firefighter injured

A large fire erupted at Surat's Shyam Sangini textile market around midnight. The blaze affected numerous shops located on the market's sixth floor. Over 25 firefighting vehicles and 150 personnel battled the intense flames for hours. The fire was brought under control after approximately seven to eight hours. One firefighter sustained injuries during the extensive operation and was hospitalized.

9 Sep 2026 11:53 am
Uber's 3,300 job layoff memo has a warning for work-from-home employees and managers; the company has put a limit on who will be allowed to stay remote

Uber is cutting about 3,300 jobs while sharply limiting fully remote work to just 1% of its workforce. Most remote employees will be asked to move closer to designated team offices, while the three-day hybrid policy stays. Managers will also be expected to work alongside their teams as Uber reshapes its workplace structure.

9 Sep 2026 11:53 am
India launches a new ocean research vessel that can explore deep-sea rare earth mineral, oil and gas exploration: Here's what GRSE's new vessel can do

Garden Reach Shipbuilders and Engineers (GRSE) has launched a new ocean research vessel for the Ministry of Earth Sciences, with Union minister Jitendra Singh virtually launching the ship. The 89.5-metre vessel is designed for multidisciplinary oceanographic research, deep-sea exploration and seismic surveys, and will operate at depths of up to 6,000 metres while supporting scientists with laboratories and specialised equipment.

9 Sep 2026 11:47 am
DGCA restricts flying activities at UP training schools during BRICS Summit

Flying activities from Uttar Pradesh FTOs will halt during the BRICS Summit. Restrictions will be in force from September eleventh to thirteenth for security. Similar prohibitions apply to FTOs in six other northern states. Light aircraft and drones are banned within a 300-kilometer Delhi radius. These measures ensure the safe and smooth conduct of the upcoming summit.

9 Sep 2026 11:43 am
Quote of the day by Frank Sinatra: 'A simple I love you means more than...' - American singer's timeless wisdom on why love cannot be measured by money and why heartfelt words can mean more than expensive gifts

Quote of the day by Frank Sinatra: Frank Sinatra was an iconic figure in American entertainment, whose remarkable career traversed the realms of music, film, and television during the twentieth century. Renowned for his distinctive vocal phrasing and heartfelt performances, Sinatra helped shape a cultural era. His timeless songs and celebrated acting continue to resonate, marking him as a pivotal influence on American music and the arts.

9 Sep 2026 11:40 am
Quote of the Day by Fyodor Tyutchev: Like first love, the heart of Russia will - Russian poets inspiring words on unforgettable legacies and emotional connection

Some individuals create unforgettable impressions on culture and society. Fyodor Tyutchevs words liken national memory to the feeling of first love. This idea underscores the significant experiences that form our collective identity. In a world captivated by trends, it's the enduring contributions rooted in emotional sincerity that truly resonate and create a meaningful impact.

9 Sep 2026 11:21 am
Coffee vs Tea: One may be linked to weaker bones in older women while the other shows a surprising benefit, 10-year study finds - Heres what researchers discovered

In a recent investigation, researchers assessed the coffee and tea drinking practices of almost 10,000 older women. Results indicated that those who preferred tea had slightly improved bone mineral density at the total hip. Interestingly, high coffee intake, particularly more than five cups a day, was associated with decreased bone density. Yet, moderate coffee consumption seemed to have little impact on bone health.

9 Sep 2026 11:01 am
Why yelling at your dog may affect more than their mood: Research suggests angry or excited voices can trigger measurable physical changes, revealing how deeply dogs process human emotion

Studies indicate that the tone of human voices can significantly affect dogs' physical stability and stress levels. Both cheerful and angry sounds lead to noticeable shifts in posture among canines. Additionally, shouting may cause dogs to view their owners as intimidating. Professionals recommend maintaining calm communication and employing positive reinforcement rather than punishment to enhance the bond with dogs.

9 Sep 2026 10:37 am
Powerful Motivational Quote by Joe Biden: 'If we are to truly restore the soul of America, we need to protect the...' - Inspiring words by Ex-US President on protecting democracy, equality, and voting rights

Upholding the vote is vital for restoring America's integrity and achieving true representation. This essential right empowers citizens to shape the policies affecting their communities and lives. Active engagement fosters democratic values and enhances trust among different neighborhoods. Transparent decision-making related to local governance is crucial, while safeguarding the vote promotes new leadership and deters corruption.

9 Sep 2026 10:32 am
Nepal's flood disaster and the impact of climate change loom large in the icy shadow of Mont Blanc

Mont Blanc's glaciers are rapidly retreating due to climate warming and heat waves. Permafrost is thawing, causing increased rock falls and instability on mountain slopes. This summer saw a significant surge in rock collapses, impacting climbing routes and safety. Alpine glaciers have lost substantial surface area, with higher altitudes now experiencing rain. Communities and researchers are preparing for serious scenarios of falling ice and rock.

9 Sep 2026 10:25 am
Psychology explains people who love true crime may have less to do with violence than you think, and more to do with understanding dangerous people, anticipating threats and managing fear

True crime's appeal stems from understanding dangerous minds and morbid curiosity. Defensive vigilance and learning about potential threats also drive consumption. Fear of crime can paradoxically increase engagement with these stories. Excitement and the appeal of real events contribute to the genre's popularity. Research challenges the assumption that true crime fans are solely interested in violence.

9 Sep 2026 10:24 am
Taliban denies Masood Azhar is in Afghanistan, rejects Pakistan's repeated claims

The Taliban regime has denied Masood Azhar's presence in Afghanistan. Pakistan claims Azhar fled to Afghanistan while facing FATF pressure. India seeks Azhar for multiple terror attacks, including the Parliament strike. Pakistan was previously on the FATF grey list for terror financing deficiencies. Azhar was convicted in absentia by Pakistan in 2021.

9 Sep 2026 10:21 am
Quote of the day by Charles Darwin: What wretched doings come from the ardor of fame; the love of truth Theory of evolutions pioneer on ambition, rivalry and the pursuit of truth

Charles Darwin's reflections highlight the conflict between fame and truth. He observed that defending reputation can overshadow the search for genuine knowledge. Darwin's own life demonstrated a commitment to gathering evidence before presenting theories. His work emphasizes intellectual humility and prioritizing accuracy over personal recognition. This lesson remains relevant for understanding modern debates over ideas.

9 Sep 2026 10:18 am
Psychology explains the effect of social media on Gen Zs mental health - how constant comparison, online pressure and endless scrolling can shape self-esteem and well-being

Generation Z faces both the positive and negative impacts of social media on their lives and mental health. While constant scrolling and comparison can harm self-esteem and disrupt sleep, these platforms serve as valuable sources of connection, support, and mental health resources. Research shows that being intentional in usage and fostering offline relationships can help cultivate healthier digital habits, highlighting the importance of understanding digital engagement patterns.

9 Sep 2026 9:48 am
A more perfect union? Congress has been the place where America tries to resolve its problems

Congress's influence on America is profound, having enacted pivotal laws like the Bill of Rights. The Reconstruction Acts and Civil Rights legislation were crucial in promoting equality post-Civil War. Moreover, Social Security, Medicare, and Medicaid have created a safety net for many citizens. Current debates surrounding taxation and war powers still highlight its authority, while historical censure and expulsion actions have established expectations for congressional integrity.

9 Sep 2026 9:48 am
Taiwan Strait conflict could eclipse World War Two economic impact: US

A U.S. diplomat warned that Taiwan Strait conflict would impact the global economy more than World War Two. He stated the upcoming U.S.-China summit offers a chance to prevent miscalculations. Taiwan is enhancing its defense capabilities to deter potential threats from China. The island nation rejects Beijing's sovereignty claims and increases its defense budget. China maintains reunification is an unstoppable historical trend, preferring a peaceful outcome.

9 Sep 2026 9:42 am
Gold prices fall for 2nd day, silver at Rs 2.39 lakh/kg ahead of key US data. Key levels to track on Wednesday

Gold and silver prices opened lower on MCX as investors assessed renewed Middle East tensions, higher crude prices and expectations for US inflation data. Traders are pricing in around a 60% chance of a Fed rate hike.

9 Sep 2026 9:38 am
Who was Rakesh Mehta? Ex-Delhi chief secretary who led 2010 Commonwealth Games preparations during Sheila Dikshit's tenure died by suicide

Rakesh Mehta death reason: Former Delhi chief secretary Rakesh Mehta, 74, was found dead at his Noida home on Sunday. Police recovered a note in which he cited the reason for his death. Mehta served as Delhi's chief secretary from 2007 to 2010 under Sheila Dikshit, overseeing preparations for the 2010 Commonwealth Games, and had earlier headed the Delhi Transport Corporation.

9 Sep 2026 9:31 am
US targets Irans aviation sector with sanctions on 27 airlines and foreign firms

The US Treasury sanctioned 27 Iranian airlines and related foreign firms to curb weapons transport and technology access. Meanwhile, Iranian President Masoud Pezeshkian stated that Tehran opposes war but will continue its resistance against aggression until the aggressors face complete regret.

9 Sep 2026 8:25 am
Iran's Guards say they attacked 2 US vessels, 8 tankers, 10 ships in Gulf, Strait of Hormuz

Iran's Revolutionary Guards reported attacking two US vessels and eight oil tankers. This action was a response to a reported US attack on five Iranian tankers. The group stated it targeted ten ships in the Strait of Hormuz. These vessels were attempting to cross a prohibited and unsafe area. The incident occurred in the Gulf region on Wednesday.

9 Sep 2026 8:04 am
Shipping traffic via Strait of Hormuz stays below 10-day average, data shows

Six commodity vessels transited the Strait of Hormuz on Tuesday, a decrease from the previous day. Meanwhile, twenty-five commodity vessels passed through the Bab el-Mandeb strait on the same day. These figures are slightly below the recent ten-day averages for both key maritime routes. Regional tensions intensified as Iran-backed Houthis launched strikes on Saudi Arabian cities.

9 Sep 2026 7:56 am
Where was Savannah Guthrie? NBC anchor returns to TODAY desk as search for missing mother Nancy Guthrie continues

Savannah Guthrie returned to the TODAY show on September 8, 2026, as law enforcement continues the search for her mother, Nancy Guthrie, who went missing in February. After taking time off to address the situation, Savannah also managed to partake in a U.S. Open match and film a game show. As the new school year approaches, her children, Vale and Charley, are getting ready for their upcoming classes.

9 Sep 2026 7:55 am
Oil Price Today (September 9): Crude oil at $99 as Iran attacks US base in Jordan. Can liquid gold hit $120?

Oil markets reacted sharply on Wednesday as Iran renewed its assaults on U.S. military installations. Strikes by the Revolutionary Guards on American destroyers and a Jordanian base marked a direct counter to U.S. attacks on their oil tankers. Analysts caution that should shipping turmoil escalate, oil prices might spike to $120 per barrel, intensifying fears over crude supply stability worldwide.

9 Sep 2026 7:47 am
Taiwan Strait conflict could hit global economy harder than World War Two, US envoy warns

A US diplomat warned of a Taiwan Strait conflict's severe global economic impact. He stated that any conflict would surpass World War Two's economic damage. The upcoming US-China summit offers a chance to prevent misunderstandings and miscalculations. The United States is reinforcing its Indo-Pacific presence and partnerships. Taiwan is also enhancing its self-defense capabilities amid rising threats.

9 Sep 2026 7:44 am
Gold subdued on inflation worries, rate hike expectations

Gold prices fell on Wednesday as conflicts in the Middle East intensified. The surge in crude oil prices typically fuels inflationary pressures. Key U.S. inflation data is anticipated later this week, leading traders to predict a forthcoming interest rate increase from the Federal Reserve. Meanwhile, the Bank of England is likely to hold steady with its rates for now.

9 Sep 2026 7:35 am
Sberbank showcases AI, digital technologies and India-focused solutions at Innoprom

Sberbank presents its Digital Mine concept at INNOPROM.India in New Delhi. The exposition highlights banking infrastructure and advanced technological solutions for both nations. Guests can explore fast cross-border settlements and rupee transaction tools. Sberbank also features an optical computing unit and an autonomous AI agent. These innovations aim to strengthen Russia-India business and technological cooperation.

9 Sep 2026 7:34 am
Oil jumps $1 in early trade after Iran launches missiles at Jordan

Oil prices surged dramatically following Iran's aggressive missile strikes on U.S. military targets, claimed by the Revolutionary Guards. Jordan's air defenses successfully intercepted the majority of missiles, ensuring there were no casualties reported. In response, U.S. Secretary of State Marco Rubio warned Iran of potential losses to their tankers. Additionally, U.S. Central Command reported the destruction of five Iranian crude oil carriers recently.

9 Sep 2026 7:31 am
World's highest paid Prime Minister received a 64% pay hike earning seven times more than US President Donald Trump

Singapore has approved a 64 percent salary hike for Prime Minister Lawrence Wong, taking his annual pay to S$3.6 million (around $2.8 million), roughly seven times what US President Donald Trump earns. Wong, who already held the title of the world's highest paid head of government, said he would donate the increase to charity for five years.

9 Sep 2026 7:27 am
Rubio promises security cooperation to Colombia's new president

US Secretary of State Marco Rubio met with Colombia's new president, Abelardo De La Espriella. They discussed enhancing security cooperation against drug trafficking and improving economic ties. Colombia seeks US assistance with aircraft, radar, and anti-money-laundering tools. Rubio also plans visits to Ecuador and Peru to meet aligned leaders. The US aims to conclude trade deals and reassert regional influence.

9 Sep 2026 7:18 am
After decades behind bars, Erik and Lyle Menendez get an earlier shot at parole

Erik and Lyle Menendez will appear before a parole board next March. Their parole eligibility was advanced by approximately seventeen months from the original date. The brothers were convicted in 1996 for the 1989 murders of their parents. A judge reduced their sentences, making them eligible for parole consideration. The California Board of Parole Hearings granted their petitions for earlier hearings.

9 Sep 2026 6:51 am
Trump honours 9/11 heroes, awards Medal of Freedom to Man in the Red Bandana

President Trump honored 9/11 victims and heroes at a ceremony featuring a World Trade Center steel beam. He posthumously awarded the Presidential Medal of Freedom to Welles Crowther, the Man in the Red Bandana. The US Coast Guard will commission a new cutter in memory of firefighter Jeffrey Palazzo. Nearly 3,000 souls were lost to evil terrorists on that tragic day.

9 Sep 2026 6:42 am
A quarter-century after 9/11, New Yorks Muslims find strength in belonging

New York's Muslim community faced significant Islamophobia and surveillance after the 9/11 attacks. Many Muslims experienced increased harassment and suspicion in the years following the tragedy. However, the city now sees a growing Muslim presence in public life and politics. New mosques are rising and Muslim leaders hold prominent public offices. This transformation reflects a community's resilience and increasing integration into the city.

9 Sep 2026 6:39 am
Netanyahu heads to UN as New York mayor Zohran Mamdani calls for his arrest

Israeli Prime Minister Benjamin Netanyahu will attend the UN gathering this month. New York's mayor urged his arrest, which the envoy called political maneuvering. Netanyahu faces an ICC arrest warrant for alleged war crimes in Gaza. He will address the UN General Assembly during Jewish holidays and an election. Protests and a walkout are anticipated during his scheduled speech.

9 Sep 2026 6:25 am
US bans Canadian dairy, motorcycles and alcohol imports as trade war deepens

The United States is banning Canadian dairy products and motorcycles. This action escalates the ongoing trade war between the two nations. Canada previously imposed retaliatory tariffs on American imports earlier today. Prime Minister Mark Carney vowed to reduce dependence on the United States. Both countries remain in contact, exploring potential paths forward.

9 Sep 2026 6:22 am
Amazon faces class action alleging widespread discrimination against pregnant workers

Amazon faces a nationwide class action lawsuit alleging discrimination against pregnant workers. The suit claims the company denied basic accommodations and fired employees for taking time off. One plaintiff was fired after a hospitalization for a pregnancy-related emergency. Amazon states it provides accommodations to tens of thousands of employees annually. The lawsuit seeks lost pay, punitive damages, and an injunction against discrimination.

9 Sep 2026 6:17 am
Quote of the day by Colonel Sanders, 'You got to like your work. You have got to like what you are doing, you have got to be doing something worthwhile so you can like it - because it is worthwhile, that it makes a difference, don't you see?' offers powerful lessons on work satisfaction, purpose, meaningful careers, motivation, personal fulfillment as KFC-Kentucky Fried Chicken founder tells why loving your work matters

Quote of the day by Colonel Sanders message about liking your work points toward a fundamental truth about a fulfilling career: people want to know that their effort matters. Success becomes more meaningful when it is connected to purpose, contribution, and personal values. Whether someone is building a business, teaching children, caring for others, creating products, solving problems, or simply doing their job with integrity, worthwhile work can provide a powerful source of motivation.

9 Sep 2026 3:45 am
Quote of the day by Bernie Sanders, 'Difficult times often bring out the best in people' offers timeless lessons on psychology and human behaviour, teaches confidence, self-worth, validation, courage, strength, personal growth

Bernie Sanders quote offers a timely reminder that character is often revealed when circumstances become difficult. We cannot always control what happens to us, but we can influence the person we become while facing it.

9 Sep 2026 3:17 am
In 2012, a NASA airborne science mission was launched to investigate hurricane formation and intensity change: What HS3 studied?

In 2012, a NASA airborne science mission was launched to investigate hurricane formation and intensity change. The Hurricane and Severe Storm Sentinel, or HS3, ran from 2012 to 2014. NASA used Global Hawk uncrewed aircraft and instruments to study tropical storms, their formation, rapid intensification, inner-core structure, deep convection and the role of the Saharan Air Layer.

9 Sep 2026 2:25 am
In 1939, a Russian-American aviator invented the first practical and mass-produced single-rotor helicopter revolutionizing modern aviation

In 1939, a Russian-American aviator invented the first practical and mass-produced single-rotor helicopter revolutionizing modern aviation. Igor Sikorsky developed the VS-300, which first flew on September 14, 1939. Its single main rotor and anti-torque tail rotor became the layout for modern helicopters. The later Sikorsky R-4 became the first mass-produced helicopter in 1942.

9 Sep 2026 2:00 am
Psychology says people who are highly relaxed at all times and do everything very slowly aren't necessarily lazy: What the behavior reveals?

Psychology says people who are highly relaxed at all times and do everything very slowly may not be lazy, unmotivated or less intelligent. Their pace can be linked to emotional regulation, mindfulness, low stress, focused attention and personality traits. This behavior can also help some people manage cognitive load, respond to pressure and avoid unnecessary reactions.

9 Sep 2026 1:35 am
Quote of the day by William Blake: 'A truth that's told with bad intent beats all the lies you...' - thought-provoking quote by The Lamb and The Tyger poet teaches life lessons on why the truth can be more hurtful than a lie and why your intentions can matter more than the words you speak

Quote of the day by William Blake: William Blake's quote highlights truth's potential for harm when delivered with ill intent. He believed that malicious truth-telling surpasses any fabricated falsehood. The poet's words encourage considering intentions before speaking difficult truths. Blake, an English poet and artist, faced lifelong struggles and criticism.

9 Sep 2026 1:03 am
China's exports in August rise 25% on car and chip fillip

China's exports expanded 25% year-on-year in August in US dollar terms, matching forecast and accelerating from the 23.9% growth in the previous month, customs data showed on Tuesday. Imports soared 28.2%, compared with a 27.5% year-on-year increase in July and a forecast of a 30% rise.

9 Sep 2026 12:59 am
Quote of the day by James Stewart: I think the most important thing in life is to have a sense of purpose and to stay grounded in... Life lessons from an inspiring quote on purpose, self-worth, kindness, resilience and success and what helps us stay true to ourselves when life gets difficult

Quote of the day by James Stewart offers a grounded lesson about purpose, self-worth and staying true to your values. His words speak to everyday struggles at work, in relationships and during uncertain times. The message is simple: success is not only about fame or achievement. It is also about kindness, hard work, strong principles and the name you leave behind.

9 Sep 2026 12:58 am
In 2015, fruit flies were sent to International Space Station to study how microgravity and the space environment affect the innate immune system

In 2015, fruit flies were sent to International Space Station to study how microgravity and the space environment affect the innate immune system. NASAs Fruit Fly Lab-01 tested how weightlessness affects immunity and also tested a new research platform. The mission used fruit flies because of their genetic links to humans and their short life cycle.

9 Sep 2026 12:52 am
In 2021, Missouri added just 1% waste plastic to a two-mile road, that tiny share consumed 10 tons, equal to 750,000 soda bottles

In 2021, Missouri transportation officials discussed a road project that tested recycled plastic in asphalt pavement. Engineers from the University of Missouri, Dow and MoDOT worked together to determine how single-use, polyethylene-based plastic waste could be incorporated into pavement mixtures. The real-world test took place on a two-mile section of Stadium Boulevard, or State Route 740, in Columbia, between College Avenue and U.S. Highway 63. Recycled plastic made up one percent of the mixtu

9 Sep 2026 12:50 am