Top News / The Economic Times
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
One Piece Season 2 on Netflix is happening and good news is that makers have almost finalized the cast.
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.
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.
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.
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.
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.
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.
LeBron James, in his 22nd NBA season at 40, defies expectations with his exceptional performance, fueled by discipline and a carefully planned diet.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.