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FMCG price hikes could rewrite Indias inflation story: Report
Consumer goods companies' planned price hikes could pressure inflation despite the RBI's outlook. Elara Capital expects the Reserve Bank of India to maintain interest rates through 2026. A potential rate hike is possible in early 2027 if inflation pressures intensify. The central bank may overlook El Nino-led food inflation unless it becomes entrenched. Global central bank actions could influence the RBI's future policy decisions.
Kotak sees India posting BoP surplus in FY27; expects 50 bps rate hike in second half
India anticipates a balance of payments surplus in FY27. Stronger capital inflows and higher foreign direct investment will support this positive external position. Headline inflation for fiscal year twenty twenty-seven has been revised lower to five percent. Domestic activity improvements and easing supply pressures also boost GDP growth projections.
Pamela Anderson is inspiring beginner gardeners with a tour of her beautiful kitchen garden and seven simple gardening rules. From growing roses alongside vegetables to using raised beds and vertical trellises, she shows that a charming garden doesn't need a big budget. Her advice focuses on patience, consistency, kindness and letting nature take its own course. Read on to know more about the gardening rules.
A techie earning Rs 33 LPA quit his work-from-office job without another offer after months of heavy workload. Pune-based founder Vanesh Mali shared that he took five days off, prepared for interviews and faced three rejections before securing a Rs 29 LPA work-from-home role. He accepted the lower package for more personal and family time, saying, I did what I felt right. And I am happy with my decision.
Your next movie outing could cost a lot less. All you need to know about PVR INOX's new strategy
PVR INOX launched a new format designed to deliver an affordable yet premium movie-viewing experience in Tier III cities across India. The first Smart Cinemas will be unveiled in Muzaffarpur, Bihar.
Milky Mist Dairy Food's 1,553-cr IPO to open on Aug 11
The initial share sale will conclude on August 13, while the bidding for anchor investors will open for a day on August 10
12 districts likely to be affected more due to El Nio, plan in place to tackle it: TN Agri Minister
Taiwan kicks off annual military drills to counter a potential Chinese attack
Taiwan began annual military exercises simulating a Chinese invasion response. These drills test 24-hour defense capabilities and counter China's gray-zone tactics. Urban resilience drills will assess population response to internet disruptions during the exercises. The drills involve the largest team of reservists ever mobilized for active duty.
Indonesia government to take over state firm's stake in troubled China-funded high-speed railway
Indonesia's government will acquire a majority stake in the high-speed rail operator. This move aims to manage the project's outstanding loan obligations effectively. The transaction is expected to be finalized by mid-September this year. Chinese firms will retain a forty percent ownership in the venture. This railway connects Jakarta to the city of Bandung.
A major industrial fire involving sulphur storage has caused an emergency evacuation in Port Adelaide. Toxic smoke drifting across parts of Adelaide poses a serious health risk to residents. Emergency services issued an immediate evacuation order for people within a one-kilometre radius. Others outside the zone were advised to remain indoors and shut windows.
Jharkhand exam row: Students threaten Assembly gherao on Aug 10
Jharkhand students will gherao the Vidhan Sabha on August 10 if demands are unmet. They are protesting alleged irregularities in JPSC and JSSC CGL recruitment examinations. Protesters demand cancellation of exams conducted by TDPL and CBI/ED investigations. The state government has formed a ministerial team to discuss student concerns. The government expresses commitment to youth welfare and justice for students.
Abhijeet Dipke opens up on Sonam Wangchuk's future role in CJP
Kerala Rain Alert: Kerala anticipates widespread rainfall starting Thursday, with intensified showers expected. The India Meteorological Department issued orange alerts for seven districts due to heavy rainfall. Northern Kerala may experience extremely heavy showers, prompting vigilance in vulnerable areas. Schools and colleges are closed in several taluks as a precautionary measure. Authorities urge residents to remain alert and follow official advisories closely.
'Dont want to kill people...': Trump says Iran sought halt to 'biggest attack' since WWII
Probate is no longer mandatory in India after the 2025 legal amendment, but it can still help validate a will and reduce inheritance disputes. Here's what probate means, how it differs from a succession certificate, and what happens if a person dies without a will.
Govt working to develop manufacturing ecosystem for trainer aircraft, seaplanes
To boost pilot training activities in the country, Naidu said the civil aviation ministry is discussing with aviation regulator DGCA to improve infrastructure facilities at the Flying Training Organisations (FTOs) in the country
Ahead of GDN's release, an old video of R. Madhavan has gone viral, where he opens up about his marriage with wife Sarita and shares why he believes getting married young has certain advantages. The actor credits mutual respect as the foundation of their relationship and explains how flexibility, compromise and changing priorities can shape long-lasting relationships, while acknowledging that modern careers often delay marriage. Read on!
A 4,000-kg SpaceX Falcon 9 rocket stage crashed into the moon near crater Einstein after drifting through space since a January 2025 lunar mission. The impact produced a brief flash and a cloud containing sodium and lithium signatures detected by the European Southern Observatory's Very Large Telescope in Chile.
Jantar Mantar protester alleges police harassment, cites online abuse: I'm Sharma, not Muslim
The Presiding Officer shall be personally responsible and accountable for any violation of this direction, the Bench said, directing counsel appearing for the JDA to communicate the order forthwith to the Presiding Officer concerned.
ITR filing 2026: Can you claim a tax refund if you missed the 31 July deadline?
Even after missing the July 31 ITR deadline, taxpayers can file a belated return to seek refunds. However, it comes with additional costs and consequences. Check here.
Quote of the day: Ancient Greek poet Pindar highlighted affection's importance in gift-giving over two millennia ago. His words emphasize that small acts of kindness hold significant lasting value. These gestures create stronger bonds than material possessions often can. This timeless wisdom remains relevant in today's consumer-driven world. Genuine care and attention are the most precious gifts one can offer.
Tamil Nadu Agriculture Minister Vinoth to table TVK govt's maiden Agriculture Budget today
Tamil Nadu's Agriculture Budget for 2026-27 will be presented soon. The state budget outlined plans for economic growth and education sector improvements. Initiatives include school modernisation and laptop distribution for college students. The government also addressed financial liabilities and proposed new revenue streams. Welfare schemes and electoral promises will continue to be implemented.
Gold and silver prices today, 6 August: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
A former Goldman Sachs manager received nearly 1.5 million after an employment tribunal ruling. The tribunal found his dismissal was unfairly linked to his parental leave. This discrimination had an insidious effect on the former employee's well-being. Goldman Sachs disputes the decision, stating it supports parental leave for all genders. The case highlights stigma damages and low shared parental leave uptake in the UK.
India's economic growth may moderate in H2 FY27, accelerate to 7.2% in FY28: Report
If oil prices are lower, rate hikes may happen with a lag. This makes us believe that a 50-basis points rate hike cycle either starts from April 2027 (low oil prices) or December 2026 (high oil prices): ICICI Bank report
Delhi HC restrains Bihar real estate firm from using Nintendo in company name
The Court observed that Nintendo had used the mark since 1889 and had acquired considerable reputation and goodwill internationally as well as in India
Meta introduces Muse Code. It offers a 21x discount if you let it train on your data
Meta has introduced Muse Code, an advanced AI coding assistant aimed at software engineers. This innovative tool offers significant discounts to developers who share their prompts and coding solutions. By adopting this pricing model, the company is collecting valuable training data while allowing developers to reduce costs. However, businesses should prioritize compliance when participating in this data-sharing initiative.
Indias new 15-year tax break could unlock global rough diamond trade
India is closer to becoming a global rough diamond hub. A new tax exemption will attract foreign companies to trade rough diamonds. This measure offers a 15-year income tax holiday for eligible firms. It aims to boost trading activity within India's Special Notified Zones. The government's move is expected to enhance India's diamond industry competitiveness.
Lifeline for North Mumbai: Goyal sets deadline for Bandra-Versova-Bhayander Coastal Road project
India's economic growth may moderate in H2FY27, accelerate to 7.2% in FY28: Report
India's economic growth will likely moderate in the second half of FY27. Growth may strengthen to around 7.2 per cent in FY28, says ICICI Bank. The Monetary Policy Committee kept the repo rate unchanged at 5.25 per cent. Most high-frequency indicators point to robust growth in the first quarter. RBI sees risks to both growth and inflation as evenly balanced.
A social media user, Pratham, shared a Finland supermarkets unusual marketing idea where black baskets signal shoppers are married or in relationships, while pink baskets indicate singles open to meeting someone. A staff member said the system encourages conversations and longer visits, leading to higher spending. If 50 shoppers spend an extra $15 daily, it could mean $750 in daily sales or about $22,500 monthly.
The Ambassador said energy continued to remain a key pillar of the India-Russia strategic partnership, noting that Russia's state nuclear corporation Rosatom was making significant progress at the Kudankulam Nuclear Power Project in Tamil Nadu
It's a secret: LICs unusually fast $3.3 billion deal kept bankers in dark
LIC OFS: The Indian government raised $3.3 billion by selling additional LIC shares in the country's biggest secondary stock offering after executing a tightly guarded stake sale. Officials kept the launch secret, accelerated the timeline, and expanded the offer following strong institutional demand. The sale lifts LIC's public shareholding to 10%, meeting SEBI's listing requirement well ahead of the 2027 deadline.
People are crying for Sheikh Hasina to return: Bangladesh rights leader Siddiqui
A human rights official claims Bangladesh faces a severe economic crisis and people want Sheikh Hasina back. He stated that millions of supporters await her return to the country by December. The official alleged the nation's GDP growth has sharply slowed, impacting jobs significantly. Many citizens are comparing the current government with Hasina's previous administration. India's Ministry of External Affairs distanced itself from the press interaction.
USCIS empowers officers to deny incomplete immigration benefit requests
The earlier policy gave applicants a 12-week period to respond to requests for further evidence made by immigration officers on applications for change or extension of immigration status, green cards, visa or naturalisation
Student leader Devendra Nath Mahato denied ending his hunger strike over recruitment exam issues. He stated his fast continues, only consuming water on advice from Sonam Wangchuk. Protesters reiterated Mahato has not withdrawn his protest, which continues until demands are met. The Jharkhand government initiated talks with protesting students regarding exam irregularities. A five-member delegation was invited to meet Chief Minister Hemant Soren for discussions.
Kazakhstan positions itself as key logistics hub linking Europe with Asia & regional AI hub
Kazakhstan is expanding its transport infrastructure to link Europe and Asia. New highway construction and corridor expansions aim to boost transit capacity significantly. These projects will create thousands of jobs and improve national connectivity. The nation is also developing a digital transport ecosystem for freight carriers. Kazakhstan is simultaneously positioning itself as a leading Eurasian artificial intelligence economy.
Rs 20,000 salary, Rs 3,000 savings: Bengaluru CA walked 4 km daily instead of taking an auto
At 22, Bengaluru CA Meenal Goel earned Rs 20,000 a month and had just Rs 3,000 left after essential expenses. Instead of spending Rs 60 daily on an auto, she walked 4 km for three months, saving Rs 1,560 monthly, or 52% of her savings. Goel said the experience taught her self-reliance and resilience. She believes those daily walks proved she could handle difficult situations without depending on her parents.
Central govt employees' DA hike: July 2026 calculation complete after CPI-IW data, 3% rise likely
The June CPI-IW data has completed the calculation for the July 2026 Dearness Allowance revision under the 7th Pay Commission. Here's why the official inflation numbers point to a likely 3% hike and what it could mean for employees and pensioners.
This week's OTT releases offer something for almost every kind of viewer. If suspense is your favourite genre, Uyir and Vadhandhi: Season 2 promise gripping investigations. Those looking for lighter entertainment can pick Sathyathil Sambhavichathu, while Nooru Saami delivers an emotional family drama inspired by real events. Scroll down to know when and where to watch them on OTT.
'Peace, security in Africa of vital importance to India': EAM Jaishankar at Africa Day event
Sometimes, LED bulbs can stop working early because of a single diode failure. A clever DIY tip involves using aluminium foil to circumvent the dud component, temporarily getting the bulb to light up again. However, professionals warn that this is merely a short-term fix and poses safety hazards. For a safer and more dependable long-term option, it's best to replace the bulb entirely.
India, Africa powerful force for global progress: Jaishankar
India's External Affairs Minister S Jaishankar highlighted Africa as a priority partner. He stated Africa's due place is essential for a multipolar world order. The minister expressed India's commitment to strengthening ties with the African Union. He looked forward to reconvening the deferred India-Africa Forum Summit. Human resource development remains central to this vital engagement.
Bangladesh accuses Sheikh Hasina of venomous vitriol after New Delhi media address
Bangladesh's foreign ministry expressed outrage over Sheikh Hasina's media interaction in New Delhi. The ministry stated this event was an affront to Bangladesh's sovereignty and national dignity. Dhaka deeply regrets India permitted this public event despite prior concerns conveyed. Hasina announced her decision to return to Bangladesh in December, facing potential consequences. Bangladesh desires a constructive relationship with India based on mutual respect.
Jharkhand exam irregularities: CID arrests 5 more, total arrests reach 19
Jharkhand CID has arrested five more individuals in the JPSC exam irregularities case. This brings the total number of arrests in the ongoing investigation to nineteen. Chief Minister Hemant Soren briefed the Governor on the alleged irregularities and ongoing protests. The government assures students that their concerns will be seriously considered. The ruling JMM supports the aspirants and promises swift government action.
A Salmonella outbreak has sickened 345 people across twenty-seven states in the United States. This widespread contamination has been linked to jalapeo peppers imported from Mexico. Thirty-six individuals have required hospitalization due to the bacterial infection, while no fatalities have occurred. Food safety agencies are actively investigating the source and distribution of the affected produce. Restaurants like Chipotle and QDOBA have already changed their suppliers to mitigate risks.
CA Arpit Jain said Keralas first-of-the-month dry day taught him an unexpected finance lesson about payday discipline. He recalled a client who spent heavily on dinners, gadgets and online orders after receiving his salary, only to struggle with credit cards later. Automating SIPs and insurance payments on the first day changed the pattern within three months. Jain suggested creating a financial dry day by prioritising investments and budgets before impulse spending.
After bitter primary, El-Sayed seeks to unite Democrats in must-win Michigan race
Abdul El-Sayed won Michigan's Democratic Senate primary, setting up a key general election contest. He will face Republican Mike Rogers in a swing state race. Democrats aim to unify behind El-Sayed after a divisive primary battle. Republicans are attacking El-Sayed as too extreme for the state. This election is crucial for Democrats seeking Senate control.
Billionaire Anil Agarwals Vedanta unit seeks mega $1.4 billion loan after business split
Vedanta Aluminium Metal Ltd. is raising 135 billion rupees from three major banks. Axis Bank, HDFC Bank, and ICICI Bank are providing the substantial loan. This marks the first major local-currency borrowing after the conglomerate's recent split. Proceeds will refinance existing debt inherited from the integrated company structure. The fundraising supports Vedanta's strategy for independent and flexible financing.
Breaking news live updates: Assam flood toll climbs to 95; 1.6 lakh affected in 14 districts
Dont want to kill people,' Trump says Iran asked him to halt the biggest attack since WWII
President Trump stated he prefers a deal with Iran to avoid conflict. He claimed Iran requested talks after the United States prepared for a major strike. The US president reiterated that Iran must not develop nuclear weapons. He also compared US actions in Iran to those in Venezuela. Trump suggested Iran would be wise to reach an agreement soon.
Trumps Marine One in close call with passenger jet over Washington: Report
US authorities are investigating a close call involving Marine One and a passenger jet. The incident occurred above Washington on August 4th, with air traffic control involved. White House officials stated President Trump was never in any danger during the flight. Safety regulations require significant separation between aircraft in this airspace. The NTSB is reviewing the reported loss of separation event.
Tamil Nadu Government Aims at $1.5 Trillion Economy by 2036
The state will release a new industrial policy to foster innovation and technology-driven growth, support emerging industry sectors and drive sustainable development and export promotion.
'Hes a man of hate..': Trump ramps up attacks on communism, Michigan's El-Sayed in Las Vegas speech
PFRDA has extended the NPS same-day investment cut-off from 11 am to 1:30 pm, allowing more contributions to qualify for same-day investment. The revised deadline applies across all major NPS payment channels, improving flexibility, operational efficiency and the subscriber experience.
Inside Jennifer Lopez's lavish real estate portfolio
Jennifer Lopez has navigated the real estate world with flair, owning a collection of breathtaking homes that span from Los Angeles to Long Island. Among her prized possessions is an estate in Hidden Hills, complete with a dance studio and a recording space. She also previously owned a stunning French country-style home in Bel Air. Recently, she expanded her portfolio with a new Hidden Hills residence featuring equestrian facilities.
Tanker reports explosions in Hormuz: Maritime agency
An oil tanker reported hearing two explosions while transiting the Hormuz Strait. The incident occurred approximately ten miles southeast of Kumzar, Oman. Maritime authorities confirmed the crew and vessel are safe and sound. No environmental damage has been reported following the explosions. Iran and Oman are currently holding talks to manage this key waterway.
With major South Indian releases spread across Netflix, Prime Video, JioHotstar, ZEE5, Sun NXT and Manorama Max, this week turns into one of the busiest OTT release days of the month. From investigative thrillers and romantic dramas to village mysteries and action entertainers, this week's lineup offers enough variety to keep your rainy weekend watchlist full. Read on to know when and where to watch the OTT releases.
Major Wall Street firms targeted in attempted cyberattacks, sources say
Major Wall Street financial firms faced sophisticated cyberattacks recently. Hackers used phone calls to trick employees into granting access. Several large hedge funds and private equity firms were targeted by these attempts. Point72 Asset Management confirmed an attack but stated no customer data was stolen. Global companies are now battling a surge in AI-powered cyber threats.
When porting a health policy puts your claim at risk
Health insurance portability was designed to empower India's policyholders through choice and competition, but its real-world impact remains limited.
KKR to acquire Medicover India in $1.5 billion deal
The transaction includes a sale of 100% stake by existing shareholders, as well as a commitment to deploy fresh capital to fund its growth and repay debt. In all, KKR will be spending Rs 13,000-14,000 crore, around quarter of which (Rs 3,000-4,000 crore) will go into the company as primary capital, said people aware of developments.
Leonardo DiCaprio and biologist Wes Sechrest met with the Amazon-founding billionaire Bezos and his wife, former TV news reporter and host Lauren Snchez Bezos in 2021.
Psychology researchers reveal how the way you sit could affect your mood and the choices you make
New research suggests posture can influence emotions and decisions. Sitting upright led to more positive feelings and better risk-taking. Participants in the study did not realize their posture was being manipulated. This study aimed to address concerns raised by earlier posture research. Findings may have implications for everyday environments and workplace ergonomics.
Quote of the day by Mother Teresa describes joy as an active force rather than a passive feeling. Joy can inspire gratitude, strengthen resilience, deepen relationships and encourage compassion. It can make people more willing to notice others and respond to their needs. Perhaps that is why the message remains relevant across generations. Joy does not require perfect circumstances. It requires attention to what is meaningful.
Researchers in Japan uncover what helps the brain stay motivated when life gets harder
Brain motivation: Researchers identified orexin neurons as key to sustained motivation during demanding tasks. These brain cells help maintain goal-directed behavior when increased effort is required. Studies with genetically modified rats demonstrated orexin neurons' direct influence on motivation levels. Activity in these neurons increased with anticipated rewards and required effort.
Quote of the day by Jude Law focuses on the place of family in a person's life. Law said success and life would not have value without his wife and children beside him. The quote explains why career goals, money and recognition can lose meaning when relationships are ignored. It also offers lessons about family, priorities, work, happiness and finding meaning beyond professional achievements.
Quote of the Day by Joan of Arc connects courage with action and faith with responsibility. When something matters, the first step may be difficult. Fear may remain. Doubts may continue. But taking that step can create momentum that was impossible while standing still. Sometimes the answer does not arrive before the journey begins. Sometimes the path becomes visible only after someone has the courage to walk it.
In 1909, a Black American entrepreneur, Garrett Morgan, was experimenting with a liquid to reduce friction from sewing machine needles when he noticed that it could straighten fibres. He tested the solution on animal fur and his own hair. The discovery led to a hair-refining business and became part of Morgans wider career as an inventor and entrepreneur.
LIVE | Trump delivers key midterm message in high-stakes Las Vegas speech
Ancient Egyptian proverb of the day explains why balance between work and enjoyment matters in life. The saying from The Maxims of Ptahhotep teaches that spending every day working or worrying can remove happiness, while spending every day on fun can prevent responsibility, financial stability and a secure future.
World War II fluxgate magnetometer: A World War II device found new scientific purpose after the war. Oceanographers refitted the fluxgate magnetometer for seafloor magnetic anomaly measurements. These measurements revealed symmetrical patterns on either side of mid-ocean ridges. The magic profile provided strong evidence for seafloor spreading and plate tectonics.
Rajya Sabha Passes Bill to Raise Supreme Court Judges' Strength to 38
The Rajya Sabha approved a bill to increase Supreme Court judges. This bill will replace the ordinance which previously raised the judge count. The passed bill was returned to Lok Sabha after its approval. Union minister Arjun Ram Meghwal stated the bill improves judicial efficiency. The house adjourned for Thursday after the bill's passage.
Highs and lows: On GST metrics
GST must be fuelled by domestic production, not inflation or imports
Parliament Watch: LS clears banking evidence Bill; E20, EVs and gig workers in focus
The Lok Sabha approved the Bankers' Books Evidence Bill 2026, modernizing banking record laws for digital practices. Extensive studies confirm E20 fuel is safe for use, showing improved performance and reduced emissions. Electric vehicle penetration has significantly risen, driven by lower operational costs and zero tailpipe emissions. Over 4.6 lakh vehicles have been scrapped under the new policy, with discounts offered.
No decision yet on merchant discount rate on UPI deals
Central bank governor Sanjay Malhotra stated it is premature to discuss UPI transaction charges. Discussions are ongoing regarding the payment mechanism's future and costs. The government is reportedly amending laws to allow merchant discount rates on select UPI transactions. This move follows Finance Minister Nirmala Sitharaman's introduction of a new bill. The central bank's current focus remains on strengthening UPI adoption across India.
SECI seeks CO suppliers for green urea, methanol projects
India's Solar Energy Corporation is seeking carbon dioxide suppliers for green urea and methanol. This initiative aims to identify potential sources for upcoming green chemical projects. Green methanol and urea production requires carbon dioxide and green hydrogen. Securing reliable carbon dioxide supplies is critical for domestic production and exports. The move supports India's green hydrogen ecosystem and decarbonization goals.
Liquidity to peak in Sept, but big surplus won't last long: RBI
The Reserve Bank of India will absorb surplus liquidity from a special forex swap facility. This absorption will occur through higher currency in circulation and maturing forward positions. Banking system liquidity is expected to peak in September due to FCNR(B) deposit inflows. Economists anticipate a surplus of around 4-5 lakh crore in the banking system. The central bank will then begin withdrawing excess liquidity through durable absorption measures.
Govt mandates exporter registration for FDI-backed ecommerce inventory exports
Foreign-invested ecommerce firms must register as exporter-on-record for export inventory. These companies can only procure and stock goods against confirmed export orders. Speculative stockpiling for future outbound shipping will not be allowed by the government. Indian sellers can access overseas markets by delegating export tasks to the exporter-on-record. This framework aims to boost India's export capabilities and ensure timely payments.
Quote of the Day by Tommy Lee Jones: Tommy Lee Jones quote, In the political world, the only position I have is voter. I'm not a spokesman for anything explores the importance of personal independence, individual responsibility, and the freedom to maintain ones own opinions. The quote suggests that people can participate in political life and make meaningful choices without being defined as representatives of a specific cause, group, or ideology. It highlights the value of thoughtful citizenship, personal judgment, and the right to have an independent voice in society.
Cop killing: J&K Police announces 15 lakh reward for info on LeT terrorist
J&K Police has announced a significant reward for information leading to the arrest of a terrorist. Mohammad Lateef Bhat is wanted for the killing of a policeman in Anantnag last month. Posters seeking reliable information about the suspect have been displayed across Kashmir. The police released photographs and CCTV footage of the 22-year-old accused. Bhat is a resident of Kulgam and allegedly shot the head constable on July 22.
No case for early closure or extension of swap window: RBI
The Reserve Bank of India will not close the swap window early. Robust foreign currency inflows have strengthened India's balance of payments position. The central bank has not received any proposals for extending the deadline. This facility allows banks to swap overseas borrowings at concessional rates. The swap window has already attracted significant dollar inflows by July.
Govt drafts customs playbook for 100 imports to streamline FTA benefits
The government is creating a customs playbook for key imported goods. This initiative aims to standardize the faceless customs regime across India. It will reduce disputes and speed up clearance times for businesses. The playbook will help companies utilize free trade agreement benefits effectively. This reform seeks to improve ease of doing business and trade efficiency.
'Fraudsters belong in jail': Miller calls out lack of punishment over Minnesota Somali fraud case
UN rights chief alarmed by surge in executions in Iran
Alarmed by the situation in Iran, UN rights chief Volker Turk highlighted the alarming execution rates, with over fifty-six individuals condemned on security charges since March. Most of these cases appear tied to recent civil unrest. Furthermore, drug offenses exacerbate the death penalty issue, while doubts linger about the integrity of trials and reports of torture in securing confessions.
HC seeks govt reply on auto TDS refund plea
The Delhi High Court has asked the government for its response on a plea. This plea seeks automatic tax deducted at source refunds for individuals not owing income tax. Currently, these individuals must file an income tax return to claim their refunds. The court is considering directing immediate processing of unclaimed TDS refunds up to 5,000. A permanent automatic TDS refund mechanism for future years is also being sought.
Regulators weigh bringing insurance surety bonds under RBI's CRILC
Financial regulators are exploring adding insurance surety bond exposures to a central credit database. This move aims to provide banks and rating agencies a clearer view of corporate leverage. Currently, these contingent liabilities often escape regulatory reporting requirements. Many government departments now accept these bonds instead of traditional bank guarantees. Expanding the database will strengthen credit appraisal processes for lenders.
HDFC Bank assured shareholders about its strong governance credentials. No US lawsuits have been filed against the bank following investigations. The bank's leadership stated they are well-positioned to defend any potential legal action. HDFC Bank is fundamentally strong with a pristine balance sheet. The integration with HDFC Limited is unlocking meaningful synergies for future growth.
Today's Japanese Proverb of the Day brings a timeless lesson on anger, patience, emotional intelligence, and inner peace. The Japanese proverb, Fire is not extinguished by more fire, but by water. Anger, too, is never calmed by more anger, reminds us that calm responses solve conflicts better than angry reactions. Here is its deeper meaning, life lessons, and practical wisdom for stronger relationships and a more peaceful life.
US companies add just 44,000 jobs in July as hiring slows
American businesses added fewer jobs in July than experts had predicted, with private payrolls up by just 44,000 the weakest increase this year. Conversely, job switchers enjoyed the steepest wage hikes in almost a year, reflecting a resilient labor market driven by substantial demand. This moderation gives Federal Reserve officials the leeway to concentrate on inflation worries.
