The Economic Times

An LNG tanker, Fuwairit, is exiting the Strait of Hormuz for Pakistan. A supertanker, Eagle Verona, carrying Iraqi crude for China, has also left the Gulf. Shipping through the Strait of Hormuz is significantly reduced due to the U.S.-Israeli war on Iran. These vessels are among a few supertankers navigating the route this month.

Quote of the day by John D Rockefeller talks about taking new paths to achieve success instead of following accepted methods. The quote explains the importance of innovation, hard work, independent thinking and risk-taking. John D. Rockefeller used different business methods to build Standard Oil and later became one of the biggest philanthropists in history. His words remain relevant for students, professionals, entrepreneurs and people looking for success in life today.

African proverb of the day highlights the message behind the saying, A mans ruin lies in his tongue. The proverb explains how careless speech, gossip, anger, lies and harsh words can damage relationships, trust and future opportunities. It also teaches the importance of silence, emotional control and wise communication. The proverb remains relevant today because words spoken online and offline can shape personal and professional lives.

India's economy finished fiscal year 2026 strongly. Growth in the March quarter was boosted by domestic demand, agriculture, and services. Economists predict 7.3% GDP growth for the quarter. Full-year growth is projected at 7.6%. Higher crude prices may impact the current fiscal year. Official data releases on June 5.

US and Iran are reportedly nearing a deal to reopen the Strait of Hormuz, with senior American officials indicating progress despite President Trump's caution against rushing. Negotiations are ongoing regarding the precise language of key issues, with a potential agreement requiring final approval from both sides.

Chinese proverb of the day highlights the ancient saying Cherish a broom as if it was gold. The proverb teaches people to value possessions, relationships, memories, and personal achievements even when they seem ordinary or old. The Chinese idiom explains gratitude, humility, mindful consumption, self-care, and emotional value. It also shows why people should not depend on outside approval while understanding the importance of preserving meaningful things in everyday life.

Quote of the day by Jane Fonda focuses on pain, healing, inner peace and emotional recovery. The quote explains how people slowly move beyond painful memories with time and understanding. Jane Fondas words connect with people facing emotional struggles, stress and loss. The quote also highlights lessons about happiness, self-growth and mental peace in daily life.

Quote of the day by Jean-Jacques Rousseau continues to inspire discussions on imagination, human nature, freedom and growth. Rousseau believed imagination had no limits while reality remained restricted by society and human systems. His writings shaped political thought, education, music and philosophy during the Enlightenment period. The quote also explains how creativity, ideas and emotions help people grow, solve problems and understand life beyond material limits.

Quote of the day by Franklin D. Roosevelt highlights the danger of repeating false information and accepting it as reality. The quote explains how people should think carefully before believing statements repeated many times. Franklin D. Roosevelts words remain relevant in discussions about media, politics, speech, social influence, and personal judgment. The quote also teaches lessons about honesty, awareness, and responsibility in communication and public life.

The Institute of Chartered Accountants of India (ICAI) is establishing an advanced forensic auditing lab in Hyderabad on a 'pay and use' model to empower small and medium practitioners. This initiative aims to equip smaller firms with forensic audit capabilities, enabling them to participate in larger auditing works and compete effectively in the evolving professional landscape.

A Chinese coast guard ship departed waters near Taiwan's Pratas Islands on Sunday after a tense verbal confrontation with Taiwan's Coast Guard over sovereignty. Taiwan's vessel broadcast messages urging the Chinese ship to return and strive for democracy. This incident follows increased Chinese military activity around Taiwan.

With the Income Tax (I-T) department questioning the tax benefits it had claimed, the Wall Street firm is understood to be working on initiating the 'Mutually Agreed Procedure' (MAP) --- the dispute resolution mechanism under the treaty between Indian and Singapore, two persons told ET.

Delivery costs in India and the Asia Pacific region saw a significant rise of nearly 19 percent year-on-year. This increase occurred between March and May. Customers in India are now showing a preference for reliable delivery schedules rather than just speed. Many are willing to pay extra for convenient delivery options.

An Israeli airstrike in Gaza's Nuseirat refugee camp killed three people, including a six-month-old child. The incident occurred despite a ceasefire brokered in October. Health officials report 880 Palestinians killed in Israeli strikes since the truce. Four Israeli soldiers have also died. Israel states its strikes aim to prevent attacks and deter approaches to its armistice line.

A devastating mine blast in Shanxi, China, has claimed over 80 lives. This tragedy is now prompting a nationwide safety review. The incident highlights concerns about prioritizing production over safety in China's coal sector. Authorities are launching extensive inspections, signaling a potential impact on future coal output and energy security efforts.

Nearly ten months after flash floods destroyed a vital bridge in Katal Batal, residents of Nagrota continue to rely on boats for daily commutes. The impending monsoon season heightens fears of prolonged isolation as the sole road link to several villages and a revered shrine remains washed away, with villagers expressing frustration over unfulfilled government promises.

Iran warns a potential deal with the US could collapse due to ongoing American obstruction on key clauses, particularly the release of its blocked assets. Unresolved disagreements over unfreezing Iranian funds remain a major sticking point, leaving the agreement's finalization uncertain.

The BJP has secured a significant victory in the Falta assembly seat repoll. Debanshu Panda of the BJP won by a margin exceeding one lakh votes. The Trinamool Congress finished fourth. West Bengal Chief Minister Suvendu Adhikari commented on the win. Mamata Banerjee alleged EVM rigging and torture of Trinamool workers.

Iran's embassy in India has rejected remarks by Marco Rubio. The embassy stated that US and Israeli actions threaten maritime security in the Strait of Hormuz. Iran maintains its right to peaceful nuclear technology. The embassy also highlighted that US sanctions have disrupted global energy markets. Iran has always been ready to supply energy resources to all nations.

India has issued a travel advisory urging citizens to avoid non-essential travel to the Democratic Republic of Congo, Uganda, and South Sudan. This follows the World Health Organization's declaration of an Ebola outbreak as a public health emergency. The Bundibugyo strain of Ebola has caused no confirmed cases in India. Health authorities remain vigilant.

Women-owned informal enterprises, primarily in tobacco and apparel, predominantly operate as own-account businesses. Only a small fraction are hired worker establishments (HWEs), which are crucial for job creation. These female-owned HWEs significantly contribute to employment, with a large majority hiring at least one female worker.

Ceat Tyres is set to achieve significant growth through its Camso acquisition. The company aims for operating margins up to 20% and a $1 billion annual revenue opportunity. Full control of the premium off-highway tyre brand from Michelin is expected within three years.

US Secretary of State Marco Rubio told The New York Times on Sunday that an agreement with Iran had garnered regional support but a nuclear deal couldn't be achieved in 72 hours on the back of a napkin. You can't do a nuclear thing in 72 hours on the back of a napkin, Rubio told the Times in a brief interview.

BJP president Nitin Nabin met with party leaders in Bengaluru. He shared strategies for upcoming elections in city corporations, panchayats, and assembly polls. Nabin drew on past electoral successes. He stated the Congress government has failed. People are seeking change. The BJP is preparing to challenge the ruling party.

Prime Minister Narendra Modi congratulated Debangshu Panda of the BJP for a significant victory in Falta, West Bengal. The seat saw re-polling due to earlier irregularities. Panda secured a win by over 1 lakh votes. This win strengthens the BJP's presence in the state assembly. The Election Commission reported high voter turnout during the re-polling.

India and the US held high-level talks on Sunday. Discussions covered the West Asia crisis, counterterrorism, and trade. India raised concerns about US visa difficulties for Indian travelers. The US assured that immigration measures are global and not targeted at India. Both nations are working towards a new trade agreement and cooperation on global challenges.

Neighbouring states are eyeing Tamil Nadu's investment projects following a regime change, while Chief Minister C Joseph Vijay assures policy continuity. Despite initial concerns, companies are reassured by the state's strong industrial base and functioning institutions, with a new industrial policy expected soon.

Ladakh's representatives have secured an in-principle understanding with the Centre for constitutional safeguards. Jammu and Kashmir parties acknowledge this success. They contrast Ladakh's achievement with their own region's prolonged struggle for similar rights. Leaders express disappointment over the decades-long inability of J&K leadership to secure these aspirations. The focus remains on the ongoing demand for statehood and Article 370 restoration.

The Bharatiya Janata Party has strongly objected to Rahul Gandhi's remarks predicting the fall of the NDA government within a year. BJP leaders Sudhanshu Trivedi and Piyush Goyal have labeled Gandhi's statement as a sign of political frustration and a dangerous mindset.

Assam Chief Minister Himanta Biswa Sarma announced the establishment of a counter-radicalisation cell to shield vulnerable youth from extremist ideologies. He vowed a firm response against any attempts to mislead the state's young population. This initiative follows extensive land encroachment clearances and precedes a potential Uniform Civil Code bill.

Tenders are soon going to private companies for India's next-generation fighter jet program. Tata Advanced Systems, Larsen & Toubro, and Bharat Forge are shortlisted. They will develop five prototypes. A new facility in Andhra Pradesh will support this. The goal is to have prototypes flying by 2032. The Indian Air Force plans to order 120 jets later.

A former Meta employee voluntarily sought to be part of recent layoffs. Her personal career goals no longer matched the company's direction. She had worked at Meta for six years. The company is undergoing restructuring and focusing on artificial intelligence. She learned AI tools but believes worker protections need collective action. She plans a break before seeking new opportunities.

Ebola treatment centers in eastern Congo are being attacked. This violence stems from deep-seated issues like rebel conflict and displacement. International aid cuts have weakened health facilities. Local communities are angry, complicating efforts to control the outbreak. Authorities are implementing new burial protocols and increasing security.

Tragedy has struck South Africa's Kruger National Park. Two tourists were found dead in a river. Their vehicle is missing. Authorities have increased security and surveillance. This is the first time visitors have been killed in the park's history. The park is a vast nature reserve bordering Zimbabwe and Mozambique.

Hezbollah chief Naim Qassem expressed hope Sunday for an agreement between Iran and the United States and that Lebanon, where Israel and the Iran-backed group are at war, would be part of its terms. Qassem said that Iran, which has provided Hezbollah with funding and weapons for decades, is on top and would emerge from the regional war with its head high.

American lawmakers hold opposing views on a potential Iran deal. Republicans largely back President Donald Trump's negotiations, believing it forces Iran into serious talks. Democrats express concern, suggesting Trump is being outmaneuvered and the situation has worsened. Some Republicans question the reported terms, noting a shift from previous statements about Iran's nuclear capabilities.

An Indian woman, Pragya Gupta, shared her inspiring journey of overcoming a NEET exam failure from nearly a decade ago. She detailed how, after not clearing the exam in 2016, she pursued a different academic path, earning an Ivy League degree and building a successful career in corporate biotech in the US, proving one exam doesn't define a future.

Quote of the day by Socrates speaks about failure, struggle, growth, and recovery in life. The quote explains that mistakes and setbacks are part of human experience. Real failure begins when a person stops trying to improve. The words linked to Socrates continue to guide people dealing with hardship, success, human behavior, and personal growth. The quote also connects with the teachings and philosophy of the ancient Greek thinker.

Pakistan is encouraging Persian Gulf oil producers to establish crude reserve buffers at its planned Energy City near Gwadar Port. This initiative aims to create strategic reserves for emergency use, as Pakistan currently lacks such buffers. Kuwait has already shown interest in this proposal, which also includes LNG and LPG terminals.

Assam Chief Minister Himanta Biswa Sarma met with HUDCO officials to explore partnerships for state development. He also inspected the new Assam Bhawan in New Delhi, emphasizing timely completion and quality. Discussions covered AI's role in education, with plans for teacher training. These initiatives aim to boost Assam's growth and presence in the capital.

US President Donald Trump called into an event in New Delhi. He expressed strong personal support for Prime Minister Narendra Modi. Trump stated that US-India relations have never been closer. He assured India of 100% support from the US. Secretary of State Marco Rubio also attended the event. Rubio met with Prime Minister Modi and discussed various bilateral issues.

Politics in UK: Home to nearly 80,000 people, Makerfield sits in Labour's traditional ed wall former industrial heartlands increasingly deserting the party.

According to state media Press TV, the President made these remarks during his visit to the Islamic Republic of Iran Broadcasting (IRIB). Pezeshkian said the Islamic Republic remains open to providing assurances that its nuclear programme is strictly peaceful in nature.

The National Testing Agency has postponed the CUET UG 2026 examinations planned for May 28. This decision follows a government announcement regarding the Eid-ul-Zuha holiday. Candidates scheduled for this date will have their exams rescheduled. New dates will be announced soon. Students should regularly check the official NTA and CUET websites for updates.

Delhi Traffic Police launched a rigorous two-day operation, registering 1,170 FIRs and impounding 1,179 vehicles to combat dangerous wrong-side driving. Over 12,000 challans were issued, highlighting the severe safety risk this practice poses. Authorities are taking strict legal action, including vehicle seizure and prosecution, to ensure public safety and smooth traffic flow.

Scorching heat gripped many Indian states on Sunday. Brahmapuri in Maharashtra recorded the highest temperature at 47.2 degrees Celsius. Delhi, Rajasthan, Uttar Pradesh, Haryana, and Punjab also experienced severe heatwave conditions. While some relief is forecast from May 29, heatwave conditions are expected to persist in Central and Northwest India for another week.