The Economic Times

Japan has ended its long-standing ban on exporting lethal weapons. This move aims to position the nation in the global defense market. While challenges exist, including capacity and workforce shortages, Japan's focus on high-tech sectors could be advantageous. At a time when the international defence market is offering more opportunities, Japan's strategic shift has drawn attention.

NEET UG 2026 Exam Timing : NEET UG 2026 is scheduled for today, May 3, with exams running from 2 PM to 5:20 PM. Candidates must bring their admit cards and valid ID for entry. Strict guidelines are in place regarding dress code, allowed items, and prohibited materials to ensure exam integrity.

A devastating fire erupted early Sunday in a four-storey building in Delhi's Vivek Vihar area. Officials confirmed 3 to 4 fatalities, with search operations continuing for potential additional victims. Residents reported an AC blast triggering the blaze. Several individuals were rescued, but some families are feared trapped. Fire tenders responded swiftly to control the inferno.

Tech giants like Google and Amazon are investing billions in AI rivals like Anthropic, creating a 'Circular Capitalism' loop. Companies fund each other to buy cloud services and AI chips, inflating valuations. While demand for AI is real, these opaque deals raise concerns about genuine value versus financial engineering, echoing past bubbles.

Young, educated women are increasingly taking central roles in criminal networks across India's National Capital Region and beyond. These women, often digitally connected and using legitimate businesses as fronts, are driven by factors like easy money, revenge, and a quest for power, marking a significant shift from historical female figures in crime.

India Meteorological Department forecasts above-normal May rainfall nationwide, except for parts of east and northeast India. Delhi experienced relief from heat with Saturday night thunderstorms and a yellow alert for the next two days. Kerala and Jammu and Kashmir are also bracing for heavy rainfall and thunderstorms.

Today's quote by Albert Einstein: Albert Einstein quotes remains globally high as readers revisit his famous universe and human stupidity observation. Quote of the Day by Albert Einstein is one of the most searched wisdom lines online. In todays world, where information is instantly available, one would expect better decisions and clearer thinking. Instead, confusion often grows alongside knowledge. Confidence expands, but understanding does not always follow. This creates a dangerous gap betwee

Ruturaj Gaikwad and Kartik Sharma's unbeaten half-centuries powered Chennai Super Kings to an 8-wicket victory over Mumbai Indians. This win marked CSK's 20th against MI, propelling them to sixth in the IPL 2026 table, while MI's playoff hopes dwindle.

India's Thomas Cup title defence ended in the semifinals with a bronze after a 0-3 loss to France. Lakshya Sen's absence was as a significant factor. HS Prannoy, Ayush Shetty and Kidambi Srikanth all lost their matches. France advanced to the final, becoming the second European nation to do so.

The Iranian mission to the UN has taken a strong stance against American nuclear strategies, asserting Tehran's right to continue its uranium enrichment. In a surprise move, Iran has put forth a new framework aimed at resolving the ongoing West Asia tensions.

America could be set to pull back its troops in Germany more than the previously announced 5,000.. German Defence Minister Boris Pistorius has underscored the importance of Europe stepping up to defend itself in light of this change.

Kentucky Derby 2026 video: Golden Tempo stormed from the very back of the pack to triumph in the 152nd Kentucky Derby at Churchill Downs on Saturday.

President Trump has received intelligence regarding a potential diplomatic breakthrough with Iran. The package suggests reopening shipping routes in the crucial Strait of Hormuz and lifting the current US blockade. Yet, without having assessed the specifics, Trump has issued a stern warning: any missteps by Iran could lead to military repercussions.

Donald Trump's decision comes as he seethes at European allies over their unwillingness to join his campaign with Israel against Iran. He has lashed out at leaders like Merz, Spanish Prime Minister Pedro Snchez and British Prime Minister Keir Starmer.

Jayson Tatum averaged 23.3 points, 10.2 rebounds and 6.8 assists through the first six games of the series, while shooting 52.2 per cent from the field and 36.5 from the 3-point line.

India's top companies saw profits soar post-Covid. However, investments lagged. Chief economic adviser V Anantha Nageswaran called for corporate introspection. He highlighted that companies accumulated cash instead of investing in real assets. This forced the public sector to drive growth. Nageswaran stressed the need for private sector investment to seize domestic opportunities and address trade deficits.

Kentucky derby 2026 pay out: Golden Tempo gets whopping $3.1 million purse, Renegade receives a $1 million purse, Ocelli gets $500,000. Fourth place secures $250,000, and fifth place was awarded $150,000.

This Jewish proverb teaches that if you do not change your actions, life will not improve and may become worse. It explains the importance of taking action instead of waiting or hoping. The message shows that real change needs effort, courage, and new steps. It reminds people that doing nothing keeps problems growing and only action can create a better life.

Rumors swirled that Taylor Swift and Travis Kelce held a stake in Kentucky Derby contender 'The Puma,' reportedly influencing betting lines. However, the horse was scratched hours before the race due to a minor health concern. Kelce has a prior connection to horse racing with a horse named 'Swift Delivery'.

Chinese Proverb of the Day: A Chinese proverb, To hit a dog with a meat-bun, so it leaves never turning around, warns against irreversible loss. It highlights how carelessly investing resources like money, time, or trust can lead to permanent consequences. The saying emphasizes the importance of mindful action, foresight, and recognizing the value of what we give away.

Leo Tolstoys quote, Let us forgive each other, only then will we live in peace, carry a simple yet powerful message about human relationships and emotional balance. It reminds us that disagreements and misunderstandings are a natural part of life, but lasting peace depends on how we respond to them. Quote of the day by Leo Tolstoy encourages letting go of anger, pride, and resentment in order to build healthier connections with others.

Key areas of discussion included strengthening oversight and monitoring mechanisms within banks to enhance recoveries through DRTs, prioritising high-value cases for optimal recovery outcomes; leveraging Lok Adalats as an effective alternate dispute resolution, it said, adding mechanisms for expeditious disposal, procedural reforms to accelerate case disposal and comprehensive capacity-building initiatives were discussed.

Quote of the Day: Filmmaker Michael Moore's quote, Capitalism means that a few people will do very well, and the rest will serve the few, starkly reflects his lifelong critique of economic inequality. His documentaries, from Roger & Me to Capitalism: A Love Story, consistently illustrate how corporate power and economic policies disproportionately benefit a select few while impacting the majority.

Parliamentary committees have flagged a consistent trend of central ministries failing to spend allocated budgets, leading to significant fund surrenders. Reports highlight poor budgeting and forecasting models across major ministries, including Defence, Petroleum, and Housing, with substantial reductions at the revised estimates stage and low utilization rates.

US President Donald Trump voiced frustration over Iran negotiations. He stopped short of threatening new airstrikes. Trump stated he was not satisfied with the current deal. Iran's foreign minister said Tehran is ready for diplomacy if US demands change. The Strait of Hormuz remains a key point of contention. US gasoline prices have surged due to the ongoing situation.

Lok Sabha Speaker Om Birla has reconstituted four key financial and department-related parliamentary committees. These committees will serve for the 2026-27 financial year. Several prominent leaders have retained their chairpersonships. Faggan Singh Kulaste heads the Committee on the Welfare of Scheduled Castes and Scheduled Tribes. Baijayant Jay Panda chairs the Committee on Public Undertakings.

Mizoram Rural Bank is recognized as one of India's most progressive Regional Rural Banks. The bank achieved a remarkable Credit-Deposit Ratio of 63.28 percent. Its total business turnover reached over 10,600 crore rupees. Mizoram Rural Bank also leads in digital transactions in Northeast India. The Chief Minister lauded its contribution to state development.

Nepal's new Prime Minister Balendra Shah is set to break tradition. He will not undertake immediate foreign trips. Instead, his focus will be on addressing the needs of the general population and driving development within Nepal. This approach marks a shift from previous prime ministers who often traveled abroad shortly after taking office.

Former Bihar Chief Minister Nitish Kumar has moved to a new residence at 7, Circular Road in Patna. This relocation occurs as discussions about a potential Bihar Cabinet expansion intensify. Kumar previously resided at 1 Anne Marg for two decades. Political leaders are visiting Kumar at his new home.

African proverb of the day: The apple does not fall far from the tree. This timeless proverb reminds us that children often reflect the behavior, values, and character of their parents, showing how deeply upbringing and early environment shape who we become, while also highlighting the lasting influence of family across generations in shaping human identity and life choices.

The Centre has appointed R Balasubramaniam and Joram Aniya as full-time members of NITI Aayog, taking the total number of such members to seven. Aniya, an academic from Arunachal Pradesh, brings over 18 years of experience in teaching, research and public policy, and is known for her work on Nyishi literature and culture.

Delhi-NCR experienced much-needed relief from intense heat as rain and thunderstorms swept across the region on Saturday night. The India Meteorological Department had issued yellow and orange alerts for heavy rain and thunderstorms. Temperatures saw an increase on Saturday morning, but the forecast suggests continued light rain and thunderstorms for the next few days, with no heatwave expected.

Fresh elections will be held in Falta Assembly Constituency on May 21, 2026. The Election Commission of India ordered the new polling across all 285 stations. This decision follows severe electoral offenses and subversion of the democratic process during the April 29, 2026 polls. Vote counting is scheduled for May 24, 2026.

Alexander Pushkin's profound quote, A deception that elevates us is dearer than a host of low truths, explores the human preference for uplifting illusions over harsh realities. The article delves into Pushkin's life and literary achievements, highlighting how his works, though sometimes controversial, shaped modern Russian literature by focusing on realism and human complexity.

Nicole Kidman and Tom Cruise are reportedly being linked to a potential private reunion with their adopted children, Bella and Connor, more than two decades after their 2001 divorce. Sources suggest discussions are underway for a low-key family dinner in either London or Florida, depending on logistics and availability. The reported plan follows major personal changes in Kidmans life after her separation from Keith Urban.

Iran and the US face a prolonged standoff. The US is intensifying economic pressure on Iran's economy. Iran indicates it can withstand the strain. The situation suggests a lengthy impasse. Both nations are showing endurance. The global economy may feel the impact of this deadlock.

Rashtriya Swayamsevak Sangh chief Mohan Bhagwat highlighted the crucial role of tribal communities and Scheduled Castes in preserving India's identity and soul. He noted their resilience despite foreign invasions and hardships. Bhagwat emphasized that service to society is a duty, fostering collective development.

African proverb of the day: An African proverb, 'Ugliness with a good character is better than beauty,' challenges superficial definitions of worth. It emphasizes that inner qualities like kindness and integrity hold more value than outward appearance, guiding us to build meaningful connections and self-perception based on true character.

In a move to strengthen economic ties, France is pushing for actionable measures to eliminate trade obstacles between India and the European Union. Minister Delegate Nicolas Forissier emphasized the urgency of addressing non-tariff challenges. With the recent Free Trade Agreement in place, the aim is to ensure it serves as a win-win for both regions.

Electricity bills are going down for some people in Connecticut from May 2026. The new rule will give automatic monthly savings on power bills. This is to help families facing high energy costs. The discount depends on the company you use. But the full bill may not drop much. Prices can also change later based on actual costs and updates.

Bob Dylans quote, Sometimes its not enough to know what things mean, sometimes you have to know what things dont mean, is a striking reminder that understanding life goes beyond fixed definitions. It suggests that clarity often comes not from what is explained, but from what is left unsaid, unseen, or undefined.

A major breakthrough in a decade-old bank fraud case. Kamlesh Parekh, a fugitive wanted for Rs 2,672 crore fraud, has been arrested. He was extradited from the UAE to India. Parekh is accused in a case involving Shree Ganesh Jewellery House. The CBI had filed charges against him.

China's Commerce Ministry has blocked U.S. sanctions on five Chinese oil refiners. These companies were accused of purchasing oil from Iran. The U.S. Treasury had previously imposed sanctions on Hengli Petrochemical and four other refineries. China states these sanctions violate international law. The injunction prevents the U.S. from recognizing or implementing these sanctions.