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The Economic Times

Top News / The Economic Times

India's consumption stands its ground amid Gulf War tremors

West Asia War: India's economy began the new fiscal year with a powerful surge. Goods and Services Tax collections reached a record high in April. Passenger car sales also saw a substantial increase. Digital transactions through UPI experienced significant growth. These positive indicators suggest the economy is resilient, with no immediate impact from the West Asia war.

2 May 2026 5:30 am
Apple posts strong growth in India despite global smartphone slowdown: CEO Tim Cook

Apple CEO Tim Cook expressed excitement about India's market. The company achieved strong double-digit growth in India for iPhones, iPadApple posts strong growth in India despite global smartphone slowdowns, and Macs. This success occurred even as the overall Indian smartphone market faced a downturn. Apple's aspirational appeal is growing, bringing new users into its ecosystem. The company is navigating memory chip cost increases.

2 May 2026 5:30 am
GameStop and eBay share price surge after report of potential takeover offer. Here's possible deal impact

GameStop and eBay share price moved after a report said GameStop is preparing a takeover offer for eBay. The report linked the plan to CEO Ryan Cohens strategy to raise market value and expand online business. Investors reacted in extended trading as eBay shares jumped and GameStop stock gained. Markets are watching the potential deal, financing options, shareholder response, and future impact on retail and e-commerce sectors.

2 May 2026 5:11 am
Force majeure enabled for 'war'-hit contracts: Govt procurers to grant case-by-case extensions, only for firms that hadnt defaulted by Feb 27

The finance ministry has authorized force majeure for government contracts impacted by the West Asia conflict, treating it as war. This offers relief to companies, including drone manufacturers, facing supply chain disruptions and delivery delays of two to four months. The move shields firms from penalties for missed deadlines due to the ongoing conflict.

2 May 2026 5:00 am
What is mifepristone, and why is it used? Court restricts abortion access by blocking mailing of abortion pill in US

What is mifepristone, and why is it used? A federal appeals court has restricted access to mifepristone by blocking mailing of prescriptions. The ruling requires in-person clinic visits for the abortion pill. The decision affects telemedicine abortion, FDA rules, Louisiana abortion ban enforcement, and miscarriage care access across the United States.

2 May 2026 4:37 am
Roblox, Reddit and Atlassian stock prices and earnings explain market reaction after forecast changes and AI growth signals

Roblox, Reddit and Atlassian stock prices and earnings explain market reaction after forecast changes and AI growth signals. Roblox shares fell after a bookings forecast cut tied to safety changes and competition risks. Reddit shares rose on AI-driven advertising growth and strong revenue outlook. Atlassian raised revenue forecasts after cloud and AI demand increased. Investors now assess user growth, advertising revenue, enterprise demand, and competition risks across these companies.

2 May 2026 4:06 am
Why are S&P 500 and Nasdaq up while Dow Jones down today, and will US stock markets continue to witness wild swings? Biggest gainers, losers, analysts insights, market outlook and what should investors do now

Why are S&P 500 and Nasdaq up while Dow Jones down today, and will US stock markets continue to witness wild swings? US stock markets ended mixed after a week driven by earnings, oil price movements, and geopolitical tensions. Technology stocks supported gains in the S&P 500 and Nasdaq, while the Dow Jones slipped. Analysts say strong corporate results, inflation concerns, and global risks may keep markets volatile in the coming months.

2 May 2026 3:02 am
Why are gold and silver prices up today, and will gold reach $4,800 and silver touch $90 again? Analysts insights, market outlook and what should investors do now

Why are gold and silver prices up today, and will gold reach $4,800 and silver touch $90 again? Gold and silver prices moved higher after oil prices fell and the US dollar weakened. News about Iran sending a proposal for talks supported market sentiment. Investors watched inflation, interest rates, and global growth signals while metals gained momentum.

2 May 2026 2:31 am
Quote of the day by Nicolas Cage: 'The end of the world is on people's minds. We have the power to destroy or...' inspiring lessons on responsibility, human power and how our choices shape the world by Oscar-winning actor of Leaving Las Vegas

Quote of the day by Nicolas Cage: Nicolas Cage emphasizes that humans possess immense power to shape the world, capable of both destruction and salvation. He highlights that our daily choices, not just grand actions, influence global outcomes. The actor's quote urges introspection on how we wield this power and responsibility, stressing conscious action over fear of the future.

2 May 2026 2:19 am
Quote of the Day by Benjamin Franklin: 'Life's tragedy is that we get old'Inspiring quotes by the the Founding Father of the United States

Benjamin Franklin's poignant quote, Life's tragedy is that we get old too soon and wise too late, reflects on the human tendency to gain wisdom only after time has passed. The article explores Franklin's life, his multifaceted achievements, and the enduring relevance of his words in today's fast-paced world, urging reflection and valuing time.

2 May 2026 2:15 am
The hypersonic missile America may unleash on Iran everything you need to know about Dark Eagle

Dark Eagle hypersonic missile: The US military is reportedly considering deploying its advanced Dark Eagle hypersonic missile to the Middle East. This move comes amid concerns about Iranian missile launchers. If deployed, it would be the first operational use of a US hypersonic weapon.

2 May 2026 1:42 am
Why are oil prices down today while gas rates are witnessing a rise? Oil and natural gas markets move in opposite directions. Here's Brent, US WTI crude, Waha Hub prices

Why are oil prices down today while gas rates are witnessing a rise? Oil prices fell after Iran proposed new talks with the United States through Pakistan, raising hopes of supply improvement. Brent and WTI dropped before partial recovery. At the same time, US natural gas futures rose due to falling output and record LNG exports. Storage, pipeline limits, and weather forecasts also shaped gas demand and supply outlook across the United States energy market.

2 May 2026 1:39 am
MAC cosmetics owner Estee Lauder to cut 3,000 more jobs

Estee Lauder Cos. is set to cut up to 3,000 more jobs, increasing its total planned layoffs to 10,000. This move aims to generate an additional $200 million in savings. The beauty giant is shifting focus to online sales, including platforms like TikTok Shop. These restructuring efforts are showing positive signs for the company's future.

2 May 2026 1:20 am
Quote of the Day by Adam Sandler: 'I definitely connected to the fact that life gets'Inspiring quotes by the famous American comedian and actor

Quote of the Day: Adam Sandler's quote, life gets out of control and you end up doing things and wishing you were doing other things instead, reflects the universal experience of life's unpredictable nature. The article explores Sandler's journey from early comedy to Hollywood success, highlighting how embracing life's unexpected turns can lead to a meaningful existence.

2 May 2026 1:19 am
Not as much as fun if you don't get...: KL Rahul stresses team wins over personal milestones

Delhi Capitals achieved a significant seven-wicket win against Rajasthan Royals in Jaipur. This victory ended their three-game losing streak. KL Rahul highlighted the importance of team wins over personal milestones. The team executed their game plan effectively, with strong performances from both batting and bowling units.

2 May 2026 1:18 am
Novo rebrands diabetes pill as Ozempic to tap blockbuster name

Novo Nordisk is relaunching a diabetes tablet as Ozempic in the United States. This move aims to boost sales by using the strong brand recognition of its popular Ozempic drug. The new Ozempic pills will be available in specific doses for adults starting Monday. Novo Nordisk seeks to regain market share from competitor Eli Lilly.

2 May 2026 1:11 am
On 70th ED Day, agency flags rise in crypto fraud, narcotics and terror financing cases

The Enforcement Directorate is adapting to new criminal challenges like crypto fraud and terror financing. The agency has filed nearly twice the number of prosecution complaints this financial year compared to last. Significant assets have been attached, and a high conviction rate is maintained. Restitution has been made to victims. The government affirms the ED's strengthened powers.

2 May 2026 1:06 am
I don't think...: Riyan Parag on vaping controversy after scoring 90

Despite facing criticism, Riyan Parag scored a brilliant 90 for Rajasthan Royals, but their efforts fell short in a loss to Delhi Capitals. Parag emphasized his focus on winning matches rather than silencing critics. Mitchell Starc made a successful return for Delhi, picking up three wickets.

2 May 2026 1:05 am
Quote of the day by Tom Hanks: 'Even the simplest choice can make a jaw-dropping difference in...' - lessons on how small choices create big life changes and shape your future by Emmy Awards-winning actor of Olive Kitteridge and John Adams

Quote of the day by Tom Hanks: He emphasizes that choices, however small, profoundly shape our lives and the world around us. These seemingly minor decisions, when accumulated, create significant change and influence personal growth and relationships. Hanks' own career, marked by diverse roles and numerous accolades, exemplifies the impact of consistent effort and impactful choices.

2 May 2026 1:03 am
US to close its flagship Gaza mission as Trump plan stalls, sources say

A U.S. military-run center near Gaza, tasked with monitoring the Israel-Hamas ceasefire and boosting aid, is reportedly set to close. Critics argue the Civil-Military Coordination Centre failed in its mission, with its responsibilities expected to be absorbed by a planned international security force. The Board of Peace has denied the center is closing.

2 May 2026 1:00 am
One of Iran's most powerful families founded its largest crypto exchange. It's used by the IRGC to move millions

Iran's largest cryptocurrency exchange, Nobitex, is controlled by the sons of the influential Kharrazi family, who concealed their ties for years. The exchange has processed millions for sanctioned entities like the IRGC and Iran's central bank, acting as a conduit to the global economy. Nobitex denies direct government connections or assisting the state.

2 May 2026 12:52 am
Jewish proverb for Mother's Day - A mother understands what a child does not say Life lessons on motherhood, parenting values and love language

The Jewish proverb A mother understands what a child does not say beautifully captures the silent strength of motherhood and the deep emotional bond between a mother and her child. The Mother's Day proverb highlights how a mother can sense feelings, fears, and needs even without spoken words, relying on intuition, love, and constant emotional connection. This timeless saying reflects the idea that true understanding goes beyond language. On Mothers Day, it serves as a powerful reminder of the un

2 May 2026 12:51 am
More Indians need to become tea-totallers

A Kolkata tea seller showcases a rare Darjeeling tea. This highlights the unique qualities of Darjeeling tea, often overlooked. Like Champagne, Darjeeling tea faces climate change and competition. More Indians should appreciate this heritage beverage. Better marketing is needed to elevate Darjeeling tea's global standing.

2 May 2026 12:47 am
UK exports to US slump as tariffs bite: Official data

British exports to the United States have fallen significantly following the imposition of US tariffs. The value of goods exported to the US dropped by 800 million. Car and pharmaceutical exports saw a decline. However, President Donald Trump has removed tariffs on Scottish whisky, offering some relief to the industry. The US remains the UK's largest goods export partner.

2 May 2026 12:44 am
Moderna first-quarter revenue jumps on strong overseas COVID vaccine sales

Moderna's first-quarter revenue surpassed estimates, driven by strong international COVID-19 vaccine sales. The company forecasts lower-than-expected Q2 revenue but aims for a significant share of Europe's respiratory vaccine market with its mCombriax launch in 2027. Investors are now focused on the company's diversified pipeline beyond COVID-19.

2 May 2026 12:38 am
Quote of the Day by Lucy Liu: 'It's like kill or be killed, that's my'Inspiring quotes by the American actress widely regarded as a trailblazer for Asian American representation in Hollywood

Quote of the Day: Lucy Liu's powerful quote, 'It's like kill or be killed, that's my thing basically,' highlights her determined approach to success. The article explores her journey from Queens, New York, to Hollywood stardom. It details her early life, education, and breakthrough roles. Liu's career spans acting, directing, and advocacy. Her words emphasize the grit needed to thrive in challenging environments.

2 May 2026 12:26 am
Forget Silicon Valley - a viral video just exposed the San Francisco nobody talks about, and it's shocking millions

San Francisco viral video: A viral video from San Francisco's Tenderloin neighborhood depicts a stark reality of widespread drug use, shocking viewers and highlighting the city's ongoing struggles. Despite official claims of improvement and increased enforcement, the footage raises concerns about the accessibility of drugs and the city's continued challenges with overdose deaths.

2 May 2026 12:22 am
Lt General Balbir Singh assumes charge of Chinar Corps

Lieutenant General Balbir Singh has taken command of the Chinar Corps in Srinagar. He brings over 34 years of service and extensive experience in counter-terrorism operations. General Singh honored fallen soldiers and pledged to collaborate with civil administration and the people of Kashmir for peace and stability. He urged societal cooperation in overcoming regional challenges.

2 May 2026 12:21 am
Coforge closes acquisition of Cigniti after NCLT clearance

Coforge has completed the acquisition of Hyderabad-based Cigniti Technologies after receiving shareholder approval and clearance from the National Company Law Tribunal, fulfilling all regulatory requirements.

2 May 2026 12:10 am
IPL 2026: Dhoni to return 'any match now'? CSK batting coach drops big comeback hint

Chennai Super Kings fans have reason to cheer as batting coach Michael Hussey hinted at MS Dhoni's imminent return to IPL 2026 action. Dhoni, recovering from a calf injury, deliberately avoided early matches to prevent being a distraction to the team. He is progressing well, with increased running intensity being a key indicator of his readiness to play.

1 May 2026 11:58 pm
Why is my wife always angry? Psychology says it is not random Its a pattern most men miss

Female anger, in particular, is frequently misunderstood because it can mask stress, unmet needs, or emotional overload. Understanding the psychological roots of these reactions can help shift the focus from blame to clarity and communication.

1 May 2026 11:57 pm
Three children injured in drone attack on cricket ground in Pakistan

A drone attack by militants injured three children at a cricket ground in Bajaur, Pakistan. The incident occurred during a match, causing panic. This follows earlier mortar shellings and alleged cross-border firing from Afghanistan. Pakistani forces are actively responding to ensure regional stability and civilian safety.

1 May 2026 11:52 pm
Coachella 2027 advance ticket sale announced: How to buy, dates, prices, pass types, and and what fans need to know

Coachella 2027 is already building anticipation with advance ticket sales launching months before the official lineup announcement. Scheduled across two weekends in April at the Empire Polo Field in Indio, California, the festival continues its tradition of early access passes and tier-based pricing. With strong demand expected and resale markets already active, fans are securing tickets early, relying on Coachellas reputation for delivering top-tier performances and unforgettable live music exp

1 May 2026 11:42 pm
Nancy Guthrie case update: 3 months later, the case still hinges on unanswered questionshere's what to know

Three months after Nancy Guthrie's abduction from her Arizona home, her whereabouts and captors remain unknown. Authorities are actively investigating, with a masked man seen on surveillance footage and DNA evidence being analyzed. The family offers a substantial reward as they grapple with the possibility of her death and an unknown motive.

1 May 2026 11:33 pm
Free $1,000 retirement boost? Donald Trump IRA offer hidden rules to enroll fast

TrumpIRA enrollment $1000 match eligibility guide is gaining major attention as the U.S. plans a new retirement access system launching in 2027. Nearly 22 million workers without employer 401(k) plans may finally get direct IRA access through TrumpIRA.gov. This shift marks a major update in retirement savings USA, IRA account opening online, and government retirement match programs. The TrumpIRA enrollment process will allow users to open low-cost IRAs, compare providers, and start saving easily

1 May 2026 11:30 pm
Amid renewed ties between India and Canada, energy cooperation in focus: Christopher Cooter, Canadian High Commissioner

Canada is ramping up its infrastructure to facilitate energy exports to India, with LPG shipments slated to commence by 2027. Moreover, the nation is expanding its LNG export foothold beyond the US, seeking to diversify oil exports to India, which has the capacity to refine heavy crude.

1 May 2026 11:29 pm
Census 2027 field operations begin in five states, Chandigarh

Census 2027 is now in full swing across various states, including Andhra Pradesh, Arunachal Pradesh, Haryana, Madhya Pradesh, Chhattisgarh, and Chandigarh. Meanwhile, in Delhi, Rajasthan, Maharashtra, Meghalaya, and Jharkhand, residents can take advantage of a self-enumeration facility that makes online data submission easy and efficient.

1 May 2026 11:23 pm
SC to hear TMC plea against EC counting staff directive on May 2

The Supreme Court will hear a plea from the Trinamool Congress on Saturday. The plea challenges a Calcutta High Court order. The High Court dismissed a petition against the Election Commission's directive. This directive involves deploying central government and PSU employees for vote counting in the West Bengal Assembly election. The counting is scheduled for May 4.

1 May 2026 11:18 pm
Thought of the day by John D. Rockefeller: Good leadership consists of showing average people how to do The truth most leaders ignore

Thought of the day: In a world that often celebrates individual brilliance, this quote shifts the focus to collective success. And in doing so, it reveals a deeper truth, great leaders are not defined by what they achieve alone, but by what they enable others to achieve together.

1 May 2026 11:13 pm
West Bengal re-polling today at 15 booths in South 24 Parganas

Citing concerns over EVM manipulation and webcasting failures, the Election Commission of India has called for a repoll on May 2 at 15 sites across South 24 Parganas district. The areas affected include 11 polling stations in Magrahat Paschim and four in Diamond Harbour, voiding the earlier election results from April 29.

1 May 2026 11:13 pm
Chinese proverb of the day: 'Birds flying in the sky as one; branches growing on...' - this Chinese saying reveals the key to strong relationships and lessons on love, unity and lifelong companionship

Chinese proverb of the day: The proverb highlights the essence of strong relationships. It speaks of birds flying as one and branches growing together. This signifies unity in movement and stability. True companionship requires understanding, patience, and mutual effort. These bonds develop over time, becoming stronger through shared experiences and trust.

1 May 2026 11:11 pm
African proverb of the day: You cannot tell a hungry child that you gave them food yesterday Life lessons on social behavior, responsibility, and helping others

The African proverb You cannot tell a hungry child that you gave them food yesterday reflects deep traditional wisdom about human responsibility, compassion, and the realities of social need. It highlights the idea that suffering in the present cannot be addressed with past actions, and that genuine support must be continuous and immediate. The timeless African proverb of the day emphasizes the importance of empathy, ongoing care, and awareness of current struggles faced by others. It also serve

1 May 2026 10:57 pm
Pakistan, China sign an agreement and two MoUs to promote bilateral cooperation

Pakistan and China have signed key agreements. These MoUs and a joint venture focus on construction machinery, animal health, and medical technology. President Asif Ali Zardari attended the ceremony. The deals aim to boost cooperation and investment in Pakistan. This strengthens economic and trade ties between the two nations.

1 May 2026 10:52 pm
Iran's Supreme Leader calls US bases 'paper tiger', questions its regional security capability

Iran's Supreme Leader Ayatollah Mojtaba Khamenei declared US bases in West Asia are weak. He stated the Persian Gulf's future will exclude America. Khamenei emphasized Iran's role in regional security and maritime routes. Iran submitted a new proposal to the US via Pakistan to end hostilities. The US is reportedly inclined to reject this offer.

1 May 2026 10:47 pm
China stresses urgent need to maintain Iran war ceasefire

China's UN envoy Fu Cong stresses the urgent need to maintain the Iran ceasefire. He also stated the Strait of Hormuz must reopen quickly. Fu expressed concern over talk of temporary ceasefires and renewed attacks. He believes the international community must oppose a return to fighting.

1 May 2026 10:37 pm
Trump says he's still considering a taxpayer-funded deal to bail out Spirit Airlines

President Donald Trump is exploring a government takeover of Spirit Airlines. He stated that a final proposal has been given. The administration aims to save jobs at the airline. Trump mentioned that any deal must be beneficial. An announcement regarding Spirit Airlines is expected soon. The President emphasized that national interests come first.

1 May 2026 10:34 pm