The Economic Times

Chinese proverb of the day highlights the saying, Pay out a long line to catch a big fish. The proverb explains patience, planning, and long-term success. It teaches that waiting for the right moment can lead to larger rewards. The lesson connects to business, money, and personal growth. It encourages slow progress and strategic thinking instead of quick results and short-term gains.

Inventurus Knowledge Solutions, a Mumbai firm, is nearing a deal to acquire TruBridge. The company is arranging a substantial offshore loan of $675 million for this acquisition. Major banks like Citigroup, JPMorgan Chase, and Deutsche Bank are involved in the loan arrangement. This transaction is expected to be IKS's largest acquisition to date.

The $1,000 stimulus payment April 16, 2026 is reaching thousands today, but only in Alaska. This is not a federal stimulus check. It comes from the Alaska Permanent Fund Dividend, funded by oil earnings. Around $1,000 per eligible resident is being paid in this round. Only approved applicants listed unpaid earlier this month qualify now. The $1,000 stimulus payment April 16, 2026 depends on residency, not income. More payments will follow soon. This update clarifies eligibility, timing, and real

801 Restaurant Group, owner of 801 Chophouse, has filed for Chapter 11 bankruptcy to manage growing debt and business pressure. The sudden closure of its Minneapolis location highlights challenges in downtown dining. Rising costs, fewer office crowds, and changing customer habits are hurting sales. The company plans to stay open and fix its finances.

In a bid to navigate the turbulent waters of global shipping issues, India's textiles ministry is advocating for lower duties on rayon pulp and certain cotton varieties. Furthermore, there's potential for a postponement of anti-dumping duties on specific yarns, which would significantly aid supply chains.

Metro 2039 is revealed as the next installment in the popular post-apocalyptic shooter series. Players return to the Moscow Metro tunnels. A new authoritarian regime, the Novoreich, has united the underground factions. The game promises a dark story focusing on survival, tyranny, and freedom. Gameplay will emphasize environmental storytelling and tense encounters.

The move comes in the backdrop of the recent unrest in the NCR with factory workers demanding higher wages after the implementation of the labour codes.We are examining the current wages and inflation across states and will soon arrive at floor wage rate for different geographies, a senior government official told ET on condition of anonymity.

Inox Air Products has been recognized in the Emerging Titans category for its revenue durability and expansion into clean energy. The joint venture between Air Products and Chemicals and Inox Group is evolving into an energy solutions provider, planning a $1 billion IPO. This award acknowledges their sustained financial performance and diversification into green hydrogen and energy transition solutions.

Thermax is leading the way in sustainable industrial growth. The company focuses on climate-aligned strategies and decarbonizing manufacturing. Thermax offers innovative solutions for cleaner energy and emission reduction. It also prioritizes biodiversity and water conservation. This approach shows that industrial progress and environmental responsibility can go hand in hand. Thermax is setting new standards for the energy and manufacturing sectors.

The ET's Family Business Awards jury convened to celebrate the significant role of family-owned enterprises in India's economy. Chaired by Preetha Reddy, the distinguished panel engaged in rigorous deliberations, acknowledging the innovative strategies and impressive achievements of nominees. The process highlighted the depth of talent and the generational strength powering India's growth story.

The Supreme Court has rejected Anil Ambani's appeal. He challenged banks classifying his loan accounts as fraudulent. The court found no grounds to interfere with the Bombay High Court's order. This allows banks to proceed with the classification. The Supreme Court asked the High Court to expedite the hearing. Anil Ambani had sought to settle the matter with the banks.

The Enforcement Directorate has alleged over 11,600 crore as proceeds of crime in a money laundering probe involving Reliance Home Finance and Reliance Commercial Finance. Public funds were allegedly diverted through shell entities. Nearly 90% of corporate loans were routed to shell companies. Key functionaries Amitabh Jhunjhunwala and Amit Bapna were taken into custody.

Muthoot FinCorp, a family business with roots tracing back to 1887, has evolved into a nationwide financial services player, earning the ET Family Business of the Year-Large award. The company's success is attributed to its diversification, digital transformation, and expanded credit access, reflecting nearly 140 years of growth and adaptation.

Balkrishna Industries Ltd, or BKT, is a major player in the global off-highway tyre market. Exports are crucial, driving significant revenue. The company is investing heavily in new tyre segments and rubber tracks. This expansion aims to boost revenue substantially by FY30. BKT's growth strategy is set to reshape its future.

Tax refunds in 2026 may be higher due to new rules like the One Big Beautiful Bill Act. Instead of spending, people can invest in strong stocks for long-term growth. Big companies with stable income and steady demand are better choices. Even small investments can grow slowly over time if people stay patient and focus on safe and trusted businesses.

Apollo Hospitals, India's largest healthcare network, is strategically embracing technology-led healthcare, focusing on digital integration, AI, and genomics. Driven by preventive care and evolving disease burdens, the company aims for tangible improvements in patient outcomes and extended care beyond hospitals. This shift is shaped by distinct patient cohorts and a commitment to innovation with purpose.

A Persian proverb teaches that genuine value is recognized by its own merit, not by what others say. This timeless wisdom highlights that actions speak louder than words. In today's world, where image often dominates, this message remains crucial. Authentic character and competence naturally reveal themselves. People are known by their deeds, not just their boasts.

The Supreme Court has rejected a plea to penalize citizens who do not vote. A bench led by Chief Justice Surya Kant found the idea impractical and unconstitutional. The court noted that forcing people to vote would be unrealistic given the country's diverse conditions. Many citizens may not vote due to compulsion, not apathy. The court disposed of the petition.

The Supreme Court has dismissed a contempt plea against the central government. The plea alleged the government failed to enforce its 2018 directions on asset disclosure by election candidates. Justices Pardiwala and Viswanathan found no wilful disobedience. The court's 2018 ruling mandated disclosure of assets for candidates, spouses, and dependants. Non-disclosure was deemed a corrupt practice.

The Supreme Court has ruled that voters in West Bengal cleared by appellate tribunals at least two days before polling will be eligible to vote in the upcoming Assembly elections. The court directed the Election Commission to issue supplementary electoral rolls by April 21 and April 27, ensuring these orders are implemented.

The Supreme Court has dismissed a plea challenging the Election Commission of India's orders to transfer senior police officers and bureaucrats in West Bengal. The court noted that such transfers are common. While acknowledging the legal issue of consultation, the bench declined to intervene in the current matter. The Calcutta High Court had previously refused to interfere with the transfers.

India and Austria have signed fifteen agreements. These cover defence, technology, innovation, and trade. A Joint Working Group will combat cross-border terrorism. The agreements aim to boost cooperation in defence and counter-terrorism. Both nations also agreed on peaceful conflict resolution. Austrian expertise will enhance Indian infrastructure projects. Partnerships will strengthen in defence, semiconductors, and biotechnology.

Silver investment tips: Investing in silver bars offers an accessible entry into physical assets, with size, production method, and brand influencing cost and ease of sale. Larger bars are cheaper per ounce but harder to sell, while smaller ones are more liquid. Choosing LBMA-approved refiners and considering packaging are crucial for trust and resale value.

Barry Callebaut profit warning shocks markets. Shares crash 17% in hours. Cocoa prices collapse over 40% this year. The worlds largest chocolate maker now expects profits to fall sharply. Falling cocoa prices should help margins. But demand is weak and supply is too high. Industry overcapacity is rising fast. Global trade risks add more pressure. Shipping disruptions near key routes increase costs. The Barry Callebaut profit warning highlights deep market stress. Investors fear prolonged slowdow

Street Fighter 2026: The Street Fighter 2026 trailer teases an action-packed return of the iconic Street Fighter universe, blending nostalgia with modern cinematic storytelling. The film follows Ryu and Ken as they are pulled back into the brutal World Warrior Tournament by Chun-Li, only to uncover a deeper conspiracy that tests their bond and past. The trailer highlights stunning visuals and sets expectations for a thrilling, large-scale martial arts spectacle.

US stock market rally today is gaining strength as the S&P 500 crosses 7,000, the Nasdaq tops 24,000, and the Dow Jones rises steadily. Markets react fast to fresh signals. A reported IsraelLebanon ceasefire and easing US-Iran tensions lift investor confidence. Risk appetite returns quickly. Strong earnings from major companies add fuel. Jobless claims fall to 207,000, showing economic resilience. Tech stocks lead the surge again. Momentum builds across sectors. This US stock market rally today

The US House of Representatives has rejected a move to limit President Donald Trump's war powers concerning Iran. This marks another setback for Democrats seeking congressional approval for military actions. Lawmakers expressed unease over the ongoing conflict's costs and potential escalation. The resolution aimed to require presidential approval for prolonged hostilities without congressional consent.

Jeff D. Colgan highlights the economic toll of the Iran war on American households. He explains how US military actions against oil-producing nations are linked to global oil markets. The discussion covers 'petro-imperialism' versus 'petro-consumerism'. Profits from higher oil prices benefit some producers, while major oil companies face complex challenges. The shift in US oil export status influences foreign policy.

Security Forces conducted joint area domination patrols in Manipur's Ukhrul district, targeting Jalenbung hills and Thoyee Heights. The operation successfully identified and destroyed ten re-established bunkers, preventing the resurgence of hostile infrastructure and reinforcing peace and stability in the region.

Kashmir's State Investigation Agency has filed a charge sheet against ten individuals, including four doctors. They are accused of forming a secret group involved in radicalisation and recruitment. The module was preparing for attacks across India. This group aimed to revive a banned terrorist outfit. Investigators found evidence of explosive material procurement and fabrication. The network has been dismantled.

Taylor Swift has lauded Dakota Johnson as a 'real' confidante, praising her empathy and refreshing honesty. Swift highlighted Johnson's insatiable curiosity and bold career moves, including her production company. This intimate portrayal comes as Johnson is recognized on Time's 100 Most Influential People list, alongside numerous other notable figures from entertainment and beyond.

Claude Opus 4.7: Anthropic unveils Claude Opus 4.7, a practical AI upgrade for everyday work, software engineering, and instruction following. While its most powerful public model, it's less advanced than the exclusive Claude Mythos Preview. Opus 4.7 features built-in safeguards against risky cybersecurity uses.

The National Testing Agency (NTA) is anticipated to release JEE Main 2026 Session 2 results on April 20, following the review of candidate objections and the finalization of the answer key. The results, which will include subject-wise and overall percentile scores along with All India Rank, will be available on the official NTA website.

A viral diplomatic moment has once again placed Albanian Prime Minister Edi Rama in the global spotlight after a video showed him kneeling while greeting Italian Prime Minister Giorgia Meloni. The gesture, widely circulated on social media, has sparked debate about whether it reflects personal friendship, political symbolism, or Ramas well-known theatrical style in international diplomacy. Reports suggest this is the third such instance between the two leaders this year, further fueling public c

Mobile internet services remain suspended in five Imphal valley districts for another two days. This decision follows a recent bomb attack that claimed lives. Authorities aim to curb the spread of misinformation and prevent further violence. Curfew restrictions have been eased daily to allow essential activities. The investigation into the attack is underway with the NIA.

IRA rollover rules can be tricky and small mistakes can cost big money. Missing the 60-day deadline or choosing the wrong method can lead to taxes and penalties. Many people dont understand withholding issues. Experts say simple and safe transfer methods can help avoid problems and protect your retirement savings in the long run.

Quote of the day: The quote by Edgar Allen Poe stands as a timeless piece of wisdom, one that encourages vigilance in thought and humility in judgment, ensuring that what is accepted as truth is grounded not in assumption, but in careful reflection.

The French Quarter Festival returns with an expanded footprint and 22 music stages, drawing massive crowds to New Orleans. City officials have implemented strict parking bans and rolling street closures, with heavy towing enforcement to ensure safety and traffic flow throughout the four-day event.