The Economic Times

PlayStation $7.85 million settlement explained: A major legal battle involving Sony PlayStation and millions of gamers is nearing its end. A US court has given initial approval to a $7.85 million settlement. This case concerns Sony's decision to stop selling digital game download cards through outside stores. Gamers can now get compensation if they meet certain conditions.

Quote of the Day: Eleanor Roosevelt's words on friendship remain relevant. She believed true friends leave lasting impressions. Her life, marked by early loss and public service, shaped this view. In today's fast world, her quote reminds us to cherish deep connections. These relationships offer support and shape who we become. Roosevelt's wisdom encourages valuing quality over quantity in friendships.

Who attacked UAE today, and what is Project Freedom? The question gained attention after Iran denied launching missile or drone attacks on the UAE while the US pushed its maritime security mission in the Strait of Hormuz. Statements from Iran, the US, and analysts show rising tension, shipping risks, and global oil concerns. This explainer covers claims, warnings, naval actions, and the role of Project Freedom in the Gulf crisis.

Americans are feeling more worried about retirement and money safety. Inflation, rising costs, and market ups and downs are causing fear. Many people lack clear financial plans. Experts say money alone is not enough for peace of mind. Good planning, stable income sources, and cash savings help build real confidence and reduce stress about the future.

US economy growth drivers at risk warning: The US economy is heavily reliant on household spending and a surge in AI investment, creating a wo tailwinds, one risk scenario. However, the conflict involving Iran poses a significant threat, potentially driving up inflation and disrupting energy supplies crucial for the AI boom.

The Union Cabinet has approved increasing the number of Supreme Court judges. The strength will rise to 37, excluding the Chief Justice of India. This move aims to improve efficiency and speed up justice delivery. Over 92,000 cases are currently pending. The government plans to introduce a bill in Parliament to effect this change.

Twelve senior Bangladeshi officials are undergoing training in Pakistan. This marks the first structured program for Bangladeshi bureaucrats in Pakistan since the early 1970s. The training, fully funded by Pakistan, focuses on comparative learning of administrative systems. This engagement follows increased interaction between the two nations since Sheikh Hasina's ouster.

Prime Minister Narendra Modi strongly condemned the attack on the Fujairah Petroleum Industries Zone in the UAE. Three Indian nationals were injured in the incident. India stands in solidarity with the UAE. The Prime Minister reiterated India's support for peaceful resolution through dialogue and diplomacy.

A new TV special explores the Nancy Guthrie disappearance, with profilers suggesting the porch figure may have been silenced by a oss. Experts believe the abduction was a well-planned, coordinated effort involving multiple individuals, adding new layers to the ongoing mystery.

President Donald Trump has again criticized Pope Leo XIV. Trump claims the pontiff aids Iran and endangers people with his views on immigrants. The Pope denies these claims, stating his stance reflects church teachings on peace and opposing nuclear weapons. This dispute complicates Secretary of State Marco Rubio's upcoming Vatican visit. Italian leaders have also voiced disapproval of Trump's remarks.

A growing number of job seekers are starting to question one long-standing rule: only apply when you meet almost every requirement. Instead, many are taking a bold, unconventional approach, targeting roles where they match the core skills but fall short on a few details. The result? A noticeable rise in interview callbacks for some, while others report mixed outcomes. This shift has sparked debate across the job market, challenging the idea that job descriptions are strict checklists.

Farmers will receive a premium of 3.56 per quintal for every 0.1% increase in recovery above this level, with a corresponding reduction for lower recovery.

Indian journalists Anand RK and Suparna Sharma have achieved a significant milestone. They have won the prestigious Pulitzer Prize. Their award-winning work, rAPPed, highlights digital surveillance and cyber fraud. The report details a neurologist's experience of digital arrest. This recognition underscores the growing global challenges of digital scams and surveillance.

Non-food credit growth in FY26 stood at 15.9% against 10.9% in the corresponding period last year. The aggregate credit outstanding in March 2026 reached 212.9 lakh crore, 29.2 lakh crore higher than the previous year.

Foreign companies in Tamil Nadu are watching closely as a new government forms. Firms from Japan, South Korea, and Taiwan seek stable policies and labor continuity. They hope for new incentives to boost electronics manufacturing and further investment. Established companies are less concerned, but new entrants are more watchful.

As per the updated standard operating procedure (SOP) for processing FDI applications, the government has also rolled out reporting guidelines for investments in India from a company having any direct or indirect ownership by a citizen or an entity of a country sharing a land border with India.

Interview gone wrong turned success: A job candidate accidentally shared her screen during a video interview, revealing her prepared questions. Instead of derailing the conversation, this unexpected moment allowed her to lead a discussion on key aspects of the role, impressing the interviewers with her preparedness and directness. She was subsequently advanced to the final round.

India has conveyed to the US that identifying forced labor in other nations presents challenges. New Delhi's strategy remains measured and gradual. Existing regulations, like the BRSR framework and NGRBC, are described as voluntary. India is actively contesting the US investigation's basis, emphasizing its participation in multilateral efforts.

Social Security payments follow a fixed monthly schedule based on birth dates, with SSI paid early each month. In May 2026, payments arrive on different Wednesdays depending on birthdays. Some groups get paid on May 1. Medicare deductions have increased, slightly reducing take-home checks, but rules protect benefits. Knowing dates helps people plan money and avoid confusion or missed payments.

Assam Chief Minister Himanta Biswa Sarma stated social media popularity does not guarantee election wins. He criticized Congress's campaign strategy and poor performance. Sarma also mentioned Prime Minister Narendra Modi's potential attendance at the BJP's oath-taking ceremony. The dates for the ceremony will be decided based on his availability.

Mahindra Group is integrating artificial intelligence across its operations. This move aims to boost profits significantly. In the automotive sector, AI will drive over 4,100 crore in revenue by FY27. Customer satisfaction will also see a 2-3 percentage point increase. Mahindra Finance will disburse 10,000 crore via AI-driven customer acquisition. Operations will become largely autonomous, with AI assisting loan collections.

West Bengal Chief Minister Mamata Banerjee stated she will not resign following the election results. She alleged a conspiracy and blamed the Election Commission of India and the BJP for manipulating the outcome. Banerjee claimed her party's seats were looted. The BJP countered that her statements make her a laughing stock.

Job seekers often fear resume gaps. One professional's honest approach to explaining career breaks surprised many. Instead of elaborate stories, simple truths were shared. Interviewers accepted these explanations readily, shifting focus to skills. This suggests candidates may overestimate the impact of gaps. Authenticity and confidence can be more powerful than polished narratives in the hiring process.

The Union Cabinet has approved a proposal to include Vande Mataram under the Prevention of Insults to National Honour Act, 1971. This move places the national song on par with Jana Gana Mana. Disruption during its rendition will now be a punishable offense. An amendment bill will be presented in Parliament. Penalties will include imprisonment up to three years.

The Supreme Court has expressed strong disapproval of the increasing misuse of Public Interest Litigation. Justice BV Nagarathna observed that PILs are now often used for private, publicity, financial, and political interests. The court emphasized that it will only entertain genuine and real Public Interest Litigations.

Bihar's NDA government is set for a major cabinet expansion on May 7. Twenty-seven new ministers are expected to take oath, strengthening the administration. The expansion follows the recent change in leadership. Key allies will receive berths, with some ministers likely to continue their roles. This move aims to bolster governance in the state.

Post-poll violence erupted in West Bengal on Tuesday. A BJP worker, Madhu Mondal, died in New Town after an alleged attack by TMC workers. In Birbhum, TMC worker Abir Sheikh was killed. Incidents of arson and vandalism were reported at TMC offices. State BJP chief Samik Bhattacharya emphasized a change in political culture and zero tolerance for violence.

Araghchi will hold talks with his Chinese counterpart Wang Yi, Iran's Foreign Ministry said in a statement on Telegram. Iran didn't reveal the duration of the visit, only saying he would discuss regional and international developments.

India's economic growth forecast for this fiscal year is around 7 percent. This projection depends on the Iran war ending soon. If the conflict persists, growth could slow to 6.5 percent. Companies are building buffers against future shocks. Private investments are expected to rebound once the West Asia conflict subsides. Consumption demand remains strong.

Quote of the day by Jacqueline Kennedy Onassis: She believed that expressing oneself is crucial for clarity, connection, and influence. Her words highlight how speaking, writing, and sharing feelings transform confusion into understanding and silence into relationships built on honesty. This ability to express oneself is the first step towards personal growth and societal change.

Fake reference job strategy is rising fast in modern hiring trends. Nearly 70% employers still rely on reference checks. That single call can decide careers. This makes the fake reference job strategy a growing reality. Many professionals face toxic bosses and unfair threats. Some lose opportunities without explanation. So candidates take control of their narrative. They prepare answers. They manage perception. This is not random deception. It is a response to a flawed hiring system.

Student loan rules are changing soon. Some plans are ending while new ones are coming. The SAVE plan is already removed. From July 1, 2026, many borrowers will have fewer repayment choices. New plans like RAP will depend on income. Your loan date will decide your options. Borrowers must check their plans early to avoid confusion and sudden changes later.

Why are oil prices down today, and will Brent and US WTI crude futures continue to fall or rise again? Oil prices fell about 3% after a fragile ceasefire between the United States and Iran held and a ship moved through the Strait of Hormuz. The market reacted to reduced supply risk and hopes of shipping recovery. Analysts now watch inventory data and geopolitical risks to understand whether Brent and US WTI crude futures will fall further or rise again.

Latin Proverb of the Day: The ancient Latin proverb Quis custodiet ipsos custodes? questions who will guard the guards themselves, highlighting the timeless concern of unchecked power. This phrase, originating from Juvenal, emphasizes the critical need for accountability in governance, legal systems, workplaces, and even personal relationships. It underscores that power requires oversight to prevent misuse and maintain trust.

Congress leaders met to discuss the Tamil Nadu election results. TVK chief Vijay has sought Congress support to form a government. The party leadership has asked the Tamil Nadu unit to make the final decision. Congress emphasized the mandate is for a secular government. They are determined to prevent the BJP from governing Tamil Nadu.

Amit Shah's bold prediction of Mamata Banerjee's defeat in West Bengal has proven remarkably accurate, marking a significant shift in eastern India's political landscape. The BJP's victory, extending its reach beyond traditional strongholds, was meticulously planned by Shah, who invested heavily in the state's campaign, focusing on Hindu consolidation and welfare promises.

The psychology of people who remain silent in meetings suggests that their quietness is rarely accidental. Personality, environment, past experiences and individual thinking styles often influence it.

The African proverb of the day, If you educate a man, you educate one person. If you educate a woman, you educate a whole family, highlights the deeper meaning of education as a force that extends beyond the individual and shapes entire generations. The saying reflects lessons about empowerment, social responsibility, and the interconnected nature of human life. African wisdom that emphasizes community growth, shared learning, and the importance of investing in education as a foundation for long

Anthropic is growing fast in the finance space with its new AI model Claude Opus 4.7. The company is offering smart tools for banks and businesses to handle tasks like data work and reports. This move is raising concerns in the software market as AI starts replacing traditional tools and changing how companies work.