The Economic Times

India plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency and Bankruptcy Code are notified. The move, based on a modified UN model law, aims to speed up resolution and improve coordination with foreign courts.

Wheat procurement is set to drop significantly in the 2026-27 marketing year. Unseasonal rains delayed grain arrivals and affected quality. This has led to a sharp decline in current procurement figures compared to last year. The government has approved some wheat and wheat product exports after assessing domestic supply and prices.

India's wholesale inflation reached a 38-month peak of 3.9% in March. This surge was fueled by rising costs of crude oil, energy, and manufactured goods. Experts anticipate further increases due to ongoing global tensions. Supply disruptions also contributed to higher input prices across various sectors. Retail inflation also saw a slight uptick.

Mehli Mistry, removed from Tata Trusts, has filed a complaint with the Maharashtra Charity Commissioner. He seeks an administrator for the Sir Dorabji Tata Trust. Mistry challenges the positions of Noel Tata, Venu Srinivasan, and Vijay Singh. He alleges procedural violations and conflicts of interest. Mistry previously contested Srinivasan and Singh's roles in another trust.

Amazon is facing a lawsuit over Fire TV Stick devices, with claims that it stopped software updates for older models to push users to buy new ones. Users reported lag, freezing, and device failure after support ended. The case raises concerns about bricking and transparency in tech products. Regulators are also reviewing whether ending updates without clear warning is unfair to consumers.

Noida apparel exporters warn wage hikes and labour unrest may disrupt shipments, as rising costs and pressure from global buyers threaten orders, risking a shift to competing markets like Bangladesh and Vietnam.

Anthropic's rumored Claude Opus 4.7 is poised to revolutionize web design by generating websites and prototypes from simple text prompts. This potential shift has already impacted design-focused stocks like Figma and Adobe, as investors anticipate AI-driven automation in the creative space. The new model could democratize design, allowing non-technical users to build digital products with ease.

Missing the April 15 deadline in 2026 can cost you up to 25% in penalties alone. The 2026 tax penalties cost late filing starts at 5% per month on unpaid taxes. Even one day late can trigger charges. Interest begins immediately and compounds daily near 7%. Costs rise faster than most expect. If you dont file taxes in 2026, the IRS adds both penalties and interest together. Filing late is more expensive than paying late. Acting early reduces total tax debt and protects your finances from rapid es

Tamilaga Vettri Kazhagam leader KG Arunraj claimed that minority voters who traditionally supported the Dravida Munnetra Kazhagam are shifting towards TVK, alleging a perceived compromise in DMKs stance toward the BJP. He argued that voters are reassessing their political choices amid concerns over governance and administrative actions ahead of elections.

An Indian trade team led by Darpan Jain will visit the US from April 2022 for talks on a bilateral trade agreement, the first in-person meeting since October. Officials said the deal is being recalibrated amid changing tariff conditions, while India also rejected US allegations in a Section 301 probe.

Fed interest rate decision April 2026: As the Federal Reserve's April 28-29 meeting looms, interest rates are expected to hold steady for a third consecutive time. Officials are navigating inflation risks from the Iran war against economic uncertainty. Added scrutiny surrounds Chair Jerome Powell's potential exit and the political hurdles facing his successor.

Arvind Kejriwal has filed an additional affidavit seeking Justice Swarana Kanta Sharma's recusal from the Delhi excise policy case. He cited that the justice's son and daughter are empanelled as central government counsels, assigned work by the solicitor general who appeared for the CBI. This, Kejriwal argued, creates a reasonable apprehension of bias and a conflict of interest.

Amit Shah is intensifying the BJPs election campaign in West Bengal, focusing on booth-level strategy across five organisational divisions. He is holding night review meetings with party workers to assess feedback, resolve issues, and streamline campaign planning as part of the partys broader electoral push.

Enforcement Directorate arrested two former Anil Dhirubhai Ambani Group executives. Amitabh Jhunjhunwala and Amit Bapna face money laundering charges. The agency alleges a scheme to divert public money from Reliance Home Finance and Reliance Commercial Finance. Shell companies were allegedly used to siphon funds.

The Dravida Munnetra Kazhagam is aiming for a clean sweep in Madurai despite criticism over civic issues such as infrastructure, drainage, and sanitation. In Madurai Central, IT Minister P. T. R. Palanivel Thiaga Rajan faces a high-profile contest against filmmaker Sundar C, amid a multi-cornered fight involving emerging parties and vote-splitting dynamics that could influence the outcome.

UAE Vice President and Deputy Premier Sheikh Mansour bin Zayed Al Nahyan held a phone call with Mohammad Bagher Ghalibaf, Speaker of the Parliament of the Islamic Republic of Iran, during which they discussed regional developments and ways to de-escalate tensions in the region, according to a statement released by the WAM news agency.

Andhra Pradesh CM N Chandrababu Naidu fully backs the proposed delimitation bill and women's reservation, emphasizing the need to delink seats from population figures. He believes the Centre's formula is scientific and will lead to increased representation. Naidu also plans to incentivize larger families and launch a women-centric brand, while advocating for a socio-economic caste census.

A Persian proverb,  ke az sar gozasht, che yek vajb che sad vajb, highlights how once a situation becomes uncontrollable, the exact degree of severity becomes irrelevant. This profound saying speaks to modern life's constant crises, emphasizing that when overwhelmed, distinctions in difficulty blur, reflecting a deep human perception of crisis.

INDIA bloc leaders will oppose a key bill in Parliament. The bill proposes increasing Lok Sabha seats through delimitation for women's reservation from 2029. Opposition parties support women's reservation but oppose the delimitation formula. They believe it is politically motivated and harms federalism, especially for southern states. The government faces a vote challenge.

With Nitish Kumar stepping down as Chief Minister, Bihar is entering a new political phase that strengthens the role of the Bharatiya Janata Party within the NDA alliance. His exit raises questions over the future of the Nitish model of caste balance and welfare-driven governance, particularly his outreach to women and backward communities. While the BJP-led government under Samrat Choudhary is expected to continue key policies, the JD(U)s influence is likely to shift toward organisational conso

The Israeli military has periodically issued warnings urging residents to flee wide swathes of southern Lebanon as it targets the Iranian-backed Hezbollah militant group, but tens of thousands of people have stayed - either because they don't want to leave their homes or because they have nowhere to go.

Social Security COLA for 2027 may be around 2.8% as inflation rises again. Higher oil prices are making daily things expensive, which affects retirees the most. Even if benefits increase, it may not be enough to cover basic needs. Many people on fixed income could still struggle as living costs keep going up slowly.

Tamil Nadus welfare model has expanded into a competitive freebie-driven system, with parties like the Dravida Munnetra Kazhagam and All India Anna Dravida Munnetra Kazhagam offering cash transfers and subsidies to woo voters, raising concerns over rising debt and fiscal sustainability.

Delimitation a historic injustice against southern states, says TN CM

New Delhi is set to redraw Lok Sabha and assembly constituencies using the 2011 Census. However, seat allocation among states will not change. Parliament will decide on a uniform increase in total seats, maintaining the current inter-state balance. This move aims to address concerns about political weight shifting. The expansion is linked to women's reservation, potentially increasing women MPs significantly.

BJD chief Naveen Patnaik opposes the proposed delimitation exercise. He supports the women's quota but warns the Centre's legislative package may dilute Odisha's political voice. Patnaik states the expansion of Lok Sabha seats could decrease Odisha's relative representation. He urges Odisha CM Mohan Charan Majhi to take a strong stand against this.

India has rejected allegations by the US Trade Representative under its Section 301 probe, denying claims of structural excess capacity in sectors such as petrochemicals and textiles. It argued that its $42 billion trade surplus with the US is a macroeconomic outcome shaped by multiple factors and not due to unfair practices.

China deep-sea cable cutter test at 3,500 meters is now a proven capability. Over 95% of global internet traffic moves through submarine cables. Most lie at 1,500 to 4,000 meters. China has now tested a deep-sea cable cutter at 3,500 meters. This is the same critical zone. The system uses an electro-hydrostatic actuator. It blends electric power with hydraulic force and precision control. It can cut armored undersea cables under extreme pressure. China began this work around 2024. It reached rea

An Indian trade delegation will visit the US to discuss a bilateral trade agreement. Negotiations will focus on recalibrating the deal due to recent tariff changes. India aims to secure favorable terms and commitments. This engagement follows a call between Prime Minister Modi and President Trump. Discussions will also cover trade issues and investigations.

India's electronics imports surged past 100 billion US dollars in 2025-26. This marks a significant increase from the previous fiscal year. Despite a manufacturing push, the country remains reliant on imported components. Electronics exports also saw growth, driven by smartphone shipments, but imports continue to outpace them.

Parliament will consider three key bills to enact the women's reservation law by 2029. These proposals aim to increase Lok Sabha seats to a maximum of 850. The legislation will also boost representation in state and Union Territory assemblies. This move ensures 33 percent reservation for women. The delimitation exercise will be based on the 2011 Census.

African proverb of the day: An ancient African proverb warns against treating loved ones like a swinging door, highlighting the importance of consistent care over inconsistent behavior. This wisdom emphasizes that genuine affection requires steady actions, not just words, fostering trust and emotional security.

A German company has unveiled the first all-electric cruise ship. This massive vessel, named Project Vision, will carry 1,900 guests. It aims to significantly cut emissions, offering a cleaner way to travel. The ship is expected to be operational by 2031. This innovation could transform the cruise industry, making sea travel more sustainable for the future.

Quote of the day by Reese Witherspoon is gaining attention online as people discuss parenting, life lessons and human nature. The quote speaks about time spent with children and how daily family life works. Many readers are sharing the quote and connecting it to real experiences. This explainer covers the quote meaning, relevance, career journey of Reese Witherspoon, and lessons people can learn from her words today.

Income Tax cuts: White House boasted that average refunds were projected to rise by at least $1,000. But currently, the average refund amount is $3,462, according to the latest IRS data.

India has strongly rejected US allegations of excess structural capacity and production, asserting the USTR's investigation lacks a cogent rationale. New Delhi has requested a negative determination and termination of the probe, emphasizing that trade concerns should be addressed through bilateral negotiations. India also denies allegations regarding forced labor, seeking termination of that investigation as well.

Police in Nashik have registered nine FIRs over alleged sexual harassment and attempted religious conversion at a local branch of Tata Consultancy Services, with investigations indicating that seven male employees acted in a coordinated manner to target female colleagues. Eight accused, including a female operations manager, have been arrested, while another woman is absconding, and HR officials are accused of discouraging complaints. Sandeep Karnik said a special investigation team is probing t

External Affairs Minister S. Jaishankar said attacks on merchant vessels are completely unacceptable, stressing Indias commitment to secure maritime routes at the AZEC Plus meeting hosted by Japan. Amid tensions over the Strait of Hormuz, Japan announced a $10 billion energy support package to strengthen Asias supply chains. Leaders emphasised safe shipping, stable oil access, and coordinated efforts to safeguard regional energy security and economic stability.

Tata Group's presence in Uttar Pradesh is set to more than double. The state is poised to become a major manufacturing and export hub. Tata Motors aims to produce two million vehicles in five years. Tata Consultancy Services will double its workforce. The group is expanding into new sectors and social development initiatives.

A trickle of ships crossed the Strait of Hormuz Tuesday and Wednesday as a US blockade appeared to further curb traffic in the trade route already paralysed by Iranian forces, marine tracking data showed. Here are the latest developments in the strait, - US blockade enforced - The US military said the blockade of vessels either departing or destined for Iranian ports had been fully implemented during the first 48 hours.

US stock market today shows explosive moves as top gainers surge over 600% while select losers drag sentiment slightly. The Dow Jones Industrial Average has slipped nearly 200 points to 48,339, while the Nasdaq Composite surged close to 0.8% and the S&P 500 stayed in the green. While the Dow is packed with cyclical and multinational companies sensitive to global risks, the Nasdaq is dominated by AI-driven and tech firms that continue to attract strong inflows. Add to that easing oil prices and o

Iran viral post Italy news is trending after Iran joked about replacing the US as Italys partner. The post mocked Donald Trump and praised shared culture with Italy. Giorgia Melonis criticism of Trump added to the issue. The story shows rising tensions, humour in diplomacy, and strong reactions in Europe over political statements and global relations.