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Top News / The Economic Times

Track credit schemes, add re focus in Capex survey: MoSPI

MoSPI advocates for monitoring credit access program impact in upcoming surveys to bolster enterprise formalization and financial inclusion. The ministry suggests incorporating questions on renewable energy investments in the CAPEX survey. CEA emphasizes granular data's importance for sustaining policy reform, highlighting ASUSE and CAPEX surveys' role in depicting private sector activity.

28 May 2025 12:13 am
Big housing trouble in U.S: Citi says economy could head towards recession despite Trumps easing of tariffs

Wall Street is increasingly concerned about a potential economic downturn, with weakening housing activity as a key indicator. Rising mortgage rates and declining home prices are contributing to the slowdown. While the Federal Reserve may not react solely to the housing market, a broader economic impact could prompt faster interest rate cuts.

28 May 2025 12:10 am
India-UK FTA revs up trade: Duty cuts on premium cars, yoga visas, & open bids on the table

India and the UK have finalized a free trade agreement. This pact lowers tariffs on British premium cars. A limited quota of vehicles will see tariffs drop to 10%. The agreement also allows 1,800 Indian professionals to work in the UK annually. UK firms can bid on Indian government tenders. The FTA is expected to boost bilateral trade significantly.

28 May 2025 12:09 am
Canadian economy in crisis: 355-year-old Hudson's Bay to shut down, close all stores, and lay off over 8,000 staff

Hudson's Bay, a Canadian retailer, will lay off many employees and close stores. This happens due to financial problems. Ruby Liu Commercial Investment Corp will acquire some retail leases. Canadian Tire Corporation will acquire Hudson's Bay's intellectual property. The closure marks a big change in Canadian retail. Liquidation sales are ongoing. The future of Hudson's Bay is uncertain.

28 May 2025 12:08 am
IMD raises rain forecast to 106%

The India Meteorological Department (IMD) has revised its monsoon forecast for 2025, predicting 106% of the Long Period Average rainfall. While the monsoon arrived early, the IMD will measure rainfall from June to September. Above-normal rainfall is expected in central and southern India, with potential benefits for agriculture but also risks of flooding and disruptions.

28 May 2025 12:05 am
Goyal asks exporters to leverage FTAs, talks non-tariff barriers

Commerce Minister Piyush Goyal urged exporters to better utilize free trade agreements and addressed non-tariff barriers in a meeting with export bodies. Discussions covered a centralized exporter portal, trade talks with the EU and US, and strategies to boost service and value-added goods exports. The government has allocated 18,233 crore for the RoDTEP scheme, benefiting over 10,750 product categories.

28 May 2025 12:03 am
BSF thwarts infiltration bid by Bangladeshis

Border Security Force stopped a large group of Bangladeshi people. They tried to enter India near the Indo-Bangladesh border. The incident happened in South Salmara Mankachar district of Assam. BSF troops saw them approaching the border. Troops stopped their unauthorized entry. The group then went back into Bangladesh. BSF remains alert to protect India's borders.

28 May 2025 12:03 am
FDI inflows hit 3-yr high, grow 14% to $81 b in FY25

India's FDI equity inflow experienced a 24.5% on-year decline in January-March FY25, reaching $9.34 billion. However, overall FDI equity inflows for FY25 rose by 13% to $50 billion. Total FDI surged 14% to $81.04 billion, marking a three-year high, with the services sector leading as the top recipient and Maharashtra attracting the highest share of inflows.

28 May 2025 12:02 am
Jitesh Sharma's blistering knock gives RCB their highest successful chase in IPL, will face PBKS in Qualifier 1

Royal Challengers Bengaluru beat Lucknow Super Giants in a thrilling match. Jitesh Sharma's brilliant innings led RCB to victory. He scored an unbeaten 85. Mayank Agarwal supported him with 41 runs. Virat Kohli also contributed with 54 runs. Earlier, Rishabh Pant smashed a century for LSG. However, RCB chased down the target and won.

28 May 2025 12:00 am
Erdogan & family guiding Turkey-Pakistan axis

Ankara is helping Islamabad spread anti-India sentiment. Turkish channels shape narratives favoring Pakistan. Istanbul hosted a seminar promoting Pakistan's Kashmir stance. Social media campaigns coordinated between Islamabad and Istanbul. Erdogan's family allegedly influences anti-India campaigns through NGOs. A Turkish organization aids Pakistan in creating its narrative. High-level visits between the two countries have increased.

27 May 2025 11:59 pm
Moscow accuses Kyiv of derailing peace talks

Moscow, which has repeatedly rejected proposals from Kyiv and its Western allies for a 30-day unconditional ceasefire, fired hundreds of drones at Ukraine between late Friday and early Monday, killing more than a dozen people and saturating the country's air defences.

27 May 2025 11:58 pm
Nine Perfect Strangers Season 2: Episode 3 release date, plot, episode schedule and where to watch

Nine Perfect Strangers returns with its second season after four years. The story follows Masha, played by Nicole Kidman, and a new group of wellness guests. Season 2 has eight episodes. The next episode, titled The Field Trip, will be released on May 28. New episodes stream weekly on Hulu.

27 May 2025 11:57 pm
Travis Kelce splurges $80K on Taylor Swift's summer wardrobe, drops $6.1K on Prada bag as couple enjoys solo time

Travis Kelce spent nearly $80,000 on fancy clothes and bags for Taylor Swift while they were apart. Hes training hard in Florida for the new NFL season and misses her a lot. So, he made a special gift list to surprise her and make her smile.

27 May 2025 11:56 pm
Horoscope today, May 28, 2025: Big shifts ahead for Leo, Capricorn, Cancer, Virgo & Sagittarius detailed love, career & money predictions to help all 12 zodiac signs navigate the day with purpose and power

Horoscope Today May 28, 2025 brings a wave of fresh celestial energy to help guide your choices in love, career, and finances. Whether you're an Aries chasing career growth or a Pisces trusting your gut in money matters, todays zodiac predictions offer clear and simple guidance. With strong emotional shifts and powerful opportunities rising for all 12 signs, the stars are helping you reflect, reset, and realign. This horoscope is your cosmic guide to make smarter decisions, stay grounded, and mo

27 May 2025 11:54 pm
Mizoram arms trafficking case: NIA files charge sheets against 3 accused

Guwahati: NIA has filed charge sheets against three accused in a case related to trafficking and arming insurgents in Mizoram. The accused, identified as Vanlaldailova, Lalmuanpuia and Lalrinchhunga, alias Albert, are from Mizoram, NIA in a statement said.

27 May 2025 11:52 pm
Bangladesh deploys special forces as employees protest new rules

Tensions persisted in Dhaka as government employees continued their protests at the secretariat for the fourth day, prompting heightened security measures. Amidst the unrest, ATM Azharul Islam, a Jamaat-e-Islami leader convicted of war crimes, was acquitted. Meanwhile, interim government chief adviser Muhammad Yunus is scheduled to visit Japan to enhance bilateral cooperation.

27 May 2025 11:47 pm
India's First PM being targeted to skirt core issues: Congress

Congress criticized Prime Minister Narendra Modi for his remarks about Jawaharlal Nehru. They accused Modi of avoiding important issues related to India-Pakistan relations. Congress questioned Modi's silence on US President Trump's statements regarding a ceasefire. They also highlighted the growing China-Pakistan alliance. Congress further questioned the government's diplomacy and its failure to isolate Pakistan.

27 May 2025 11:43 pm
The true north is indeed strong and free: King Charles III delivers unprecedented throne speech in Canada, defending sovereignty amid global unrest

King Charles addressed the Canadian Parliament. He delivered the Speech from the Throne. This marked a historic moment. The speech highlighted Canada's sovereignty. It addressed rising tensions with the United States. The government plans to reduce middle-class taxes. It aims to eliminate internal trade barriers. Canada will enhance border security. It will join the European defense initiative.

27 May 2025 11:40 pm
Terrorism is Pakistan's deliberate military strategy, says PM Modi

Prime Minister Narendra Modi stated Pakistan's proxy war is now a military strategy. He highlighted funerals for terrorists in Pakistan with full state honors. Modi mentioned the elimination of terrorist bases and Sardar Patel's unheeded advice on Kashmir. He addressed the Indus Waters treaty and water resource issues in Jammu and Kashmir. Dams lacked maintenance, reducing water storage.

27 May 2025 11:39 pm
Launched multiple attacks on Pakistan border posts: BSF

Border Security Forces launched Operation Sindoor, a coordinated offensive against Pakistani border posts and a Lashkar-e-Taiba launchpad in Looni, suspected to house militants. The operation, conducted from May 7-10, targeted 76 border outposts and 42 forward defence locations, inflicting significant damage. BSF preemptively struck infiltrators near Sialkot and attacked the Looni launchpad, thwarting potential terrorist activities.

27 May 2025 11:36 pm
One Piece season 2 on Netflix: Makers announce important updates ahead of TUDUM

One Piece Season 2 on Netflix is happening and good news is that makers have almost finalized the cast.

27 May 2025 11:35 pm
India's 5th generation fighters all set to take off at jet speed

India's defence ministry has cleared a competitive model for the Advanced Multirole Combat Aircraft (AMCA) program, inviting bids from domestic private and public sector companies to develop next-generation fighter jets. This initiative aims to create a fifth-generation fighter jet, with Hindustan Aeronautics Ltd (HAL), Tata Advanced Systems Ltd (TASL), and Adani Defence among the leading contenders.

27 May 2025 11:30 pm
Lenders, JSW Steel differ over Bhushan Power funds recovery

Banks seek compensation for losses at Bhushan Power and Steel under Sanjay Singhal. They claim rights to recoveries from wrongful transactions. JSW Steel argues BPSL should retain the recovered funds. These transactions occurred before insolvency proceedings. Recoveries are estimated at Rs 3,000 crore. The Supreme Court initially struck down JSW Steel's acquisition but later paused liquidation.

27 May 2025 11:29 pm
Trade pacts, Red Sea route resumption to aid Indias FY26 exports to $1 trn: FIEO

India anticipates its goods and services exports to hit $1 trillion by fiscal year 2026. This growth is supported by new trade agreements and the resumption of shipments via the Red Sea route. Federation of Indian Export Organisations projects increases in merchandise and service exports. Key sectors driving this growth include electronics, agriculture, and petroleum products.

27 May 2025 11:25 pm
Income taxes rattle Canada: Rich Californians pay an average of 10%, while Canadians pay 70% more

Canadians will see a slight income tax cut in July, reducing the average tax burden from just over 17% to just below. While income taxes vary by province, they remain significantly higher than in the U.S. These higher taxes fund universal healthcare, education subsidies, and family benefits.

27 May 2025 11:20 pm
Kamala Harris's went to Australia for the first time and gave a speech that's going viral; here's what she said

Kamala Harris spoke at a big real estate event in Australia, where she shared her views on leadership, AI, and world politics. She also seemed to criticise Elon Musks comments on empathy, warning people to learn from history.

27 May 2025 11:00 pm
Trump says Putin 'playing with fire' in new jab at Russian leader

Donald Trump cautioned Vladimir Putin about Ukraine peace talks. Trump said Putin is playing with fire. This warning follows Trump's criticism of Putin as CRAZY after attacks on Kyiv. Trump mentioned potential new sanctions against Russia. He expressed frustration with Moscow's stance in truce negotiations. Russia blamed Kyiv for disrupting peace efforts.

27 May 2025 10:51 pm
LeBron James shocks fans with hardcore diet regimen - no breakfast, no creatine, and first meal at 2 PM daily

LeBron James, in his 22nd NBA season at 40, defies expectations with his exceptional performance, fueled by discipline and a carefully planned diet.

27 May 2025 10:36 pm
Coca Cola unveils game-changing reverse vending machines that could transform how we think about trash

Coca-Cola India has put smart machines in Puri that collect and crush used plastic bottles. People get rewards for using them. Its a fun and easy way to help with recycling and fight plastic waste.

27 May 2025 10:32 pm
Elden Ring: Nightreign: Global release date, time for PC and consoles and how to preload

Elden Ring: Nightreign launches on May 29 or 30, based on your location and platform. The game releases at the same time globally on PC via Steam. Console players can access the game from midnight local time on May 30.

27 May 2025 10:30 pm
Karnataka logs 36 new COVID-19 cases in a day, active case count now at 100 amid fresh precautions

Karnataka reported 36 new COVID-19 cases, raising the state's active cases to 100, with a positivity rate of 9.44% based on 381 tests conducted. Medical Education Minister Sharan Prakash Patil advised doctors and health workers to wear masks as a precaution. He reassured the public that the government is taking necessary measures to manage the situation and prevent panic.

27 May 2025 10:27 pm
Piyush Goyal meets exporters, urges higher FTA use; US, EU trade deals figure in discussions

Commerce Minister Piyush Goyal met with exporters to discuss ongoing trade negotiations with the US and EU, urging increased utilization of FTAs. Support for navigating EU regulations like the Digital Product Passport was pledged. Discussions also covered a centralized exporter portal and boosting services and value-added goods exports, with 9-10 FTAs in the pipeline.

27 May 2025 10:19 pm
Circle Internet Group IPO: Top things investors need to know

Circle Internet Group, the company behind USDC, has filed for an IPO aiming to raise $624 million, potentially valuing the firm at $6.7 billion. The offering includes 24 million Class A shares, with ARK showing interest in purchasing $150 million worth. This marks Circle's second attempt to go public.

27 May 2025 10:09 pm
How did the new Covid subvariant NB.1.8.1 spread to US and what can you do to prevent it? Details here

The new Covid-19 subvariant NB.1.8.1, detected in the US after a surge in China, is being closely monitored due to its rapid transmission. Symptoms are similar to previous strains, including mild hyperthermia, respiratory issues, and gastrointestinal problems. Despite its high transmissibility, current data suggests it does not lead to more severe illness. Multiple cases of the new Covid variant have been detected in multiple locations across the United States.

27 May 2025 10:06 pm
Insiders reveal the exact moment Travis Kelce will propose to Taylor Swift and say it's definitely happening

Taylor Swift and Travis Kelce's relationship is reportedly heading towards engagement, possibly after Kelce's anticipated final NFL season in 2025. Swift's parents are supportive, and insiders suggest Kelce is waiting for the right moment.

27 May 2025 10:04 pm
Mayawati vacates her govt bungalow in Lutyens' Delhi

Bahujan Samaj Party leader Mayawati has vacated her government bungalow in Delhi. The bungalow was located in Lodhi Estate. She was entitled to the bungalow as a national party president. A BSP leader confirmed that she moved to her private residence on Sardar Patel Marg last week. The Central Public Works Department received the keys to the Lodhi Estate bungalow.

27 May 2025 9:57 pm
Retailers pummeled by Trump's trade war entertain more 'take-private' offers

Mounting trade war pressures, particularly from tariffs imposed by the Trump administration, are pushing retailers to consider going private. Skechers' recent take-private deal with 3G Capital exemplifies this trend, as companies seek refuge from market volatility and the burden of quarterly reporting.

27 May 2025 9:50 pm
'Cursed Pakistan before my wedding': Khan Sir reveals why he kept his marriage a secret

Popular YouTube teacher Khan Sir recently shared news about his marriage. The Patna-based educator got married earlier this month. He kept the wedding private due to India-Pakistan tensions. Khan Sir initially wanted to delay the wedding to support soldiers. He eventually agreed but kept it a small affair. He promised his students a treat now that the 'war' is over.

27 May 2025 9:49 pm
Manipur: Imphal women protest, urge MLAs to form government or resign

Manipur is currently facing widespread protests and political turmoil, with demands for government formation and accountability from MLAs. Civil society groups are intensifying their demonstrations, urging action against officials involved in controversial incidents.

27 May 2025 9:39 pm
Charles Schwab heir builds $35 million wave pool oasis in Cabo where surf dreams and $6 million homes go hand in hand

A new surf and luxury living spot is coming to Mexico in 2026. Its led by Michael Schwab, who loves surfing. The place will have a fancy wave pool and high-end homes, mixing fun and fitness in one cool community.

27 May 2025 9:39 pm
HBO Harry Potter TV Series: Who are Dominic McLaughlin, Arabella Stanton and Alastair Stout? Heres all about cast, release window, filming and where to watch

HBO has chosen Dominic McLaughlin, Arabella Stanton and Alastair Stout to play Harry, Hermione and Ron in its new Harry Potter TV series. Production starts in summer 2025, and the series will premiere on HBO Max in 2026.

27 May 2025 9:29 pm
India to develop two-seater electric trainer aircraft: Jitendra Singh

India has commenced developing the Electric Hansa (E-Hansa), a two-seater electric trainer aircraft, spearheaded by CSIR-NAL, Bengaluru. Expected to cost around Rs 2 crore, it's significantly cheaper than imported alternatives. E-Hansa aligns with India's green aviation goals, promoting clean energy fuel in aircraft and offering a cost-effective, indigenous pilot training solution.

27 May 2025 9:21 pm
India reinforces commitment to WHO global traditional medicine strategy at World Health Assembly

India is dedicated to boosting traditional medicine. At a global health assembly, India supported WHO's strategy for traditional medicine. India integrates modern medicine with systems like Ayurveda. The WHO Global Traditional Medicine Centre is in Jamnagar, Gujarat. India and WHO signed a deal for a traditional medicine module. This will help Ayush systems gain global recognition.

27 May 2025 9:21 pm