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Chinese proverb of the day: A Chinese saying underscores the profound strength found in collective support during hardship. This wisdom, passed down through generations, emphasizes that acts of kindness and shared responsibility not only aid those in distress but also forge resilient communities..
Quote of the Day by Travis Kelce conveys a valuable lesson about perseverance and responsibility. Success is not guaranteed to last simply because it has been achieved once. It demands continuous effort, disciplined habits, humility, adaptability, and a willingness to keep learning. Whether in sports, education, business, or personal life, maintaining success requires dedication every day. Those who embrace this mindset understand that true achievement is measured not only by reaching the top but by consistently growing, improving, and inspiring others long after the first victory has been won.
Your laughter might be older than you think! A new study reveals that the rhythmic pattern of human laughter has remained consistent for at least 15 million years, shared with our great ape relatives. This ancient vocal structure, found in chimpanzees, gorillas, and orangutans, offers a unique glimpse into the evolutionary journey that paved the way for human speech.
Sigmund Freud quote today: Sigmund Freud, the father of psychoanalysis, explored the profound influence of the subconscious mind on our daily thoughts and actions. His famous metaphor likens conscious thoughts to a fountain rising from a vast, hidden pool of memories and instincts.
A Microsoft employee's quest to understand her underpayment at Goldman Sachs revealed a stark reality: initial salary dictates future increments. Despite strong performance, her starting point as a recent graduate from a Tier 3 college limited her earnings. Securing an external offer, however, prompted a counter-offer, highlighting the power of negotiation over years of dedication.
Pop superstar Taylor Swift and NFL star Travis Kelce have reportedly made a staggering $26 million donation to over 20 charities nationwide. The announcement, coinciding with unconfirmed wedding celebrations in New York, highlights their commitment to causes including food banks, animal welfare, education, and children's hospitals. This significant philanthropic act underscores their generosity ahead of what is rumored to be a weekend of festivities.
Greek proverb of the day: Greek saying highlights the power of persuasion over force. Instead of coercion, relying on reason and communication builds trust and fosters lasting understanding. True leadership, the proverb suggests, lies in inspiring others through thoughtful dialogue and mutual respect.
Unwelcome surge: On the buoyancy in GST collections
The buoyancy in GST collections is spurred by imported inflation
Yotta Data Services in talks with PE funds to raise $1 billion
Yotta Data Services is reportedly seeking $1 billion from global and domestic funds, aiming to sell a 25-30% stake at a $3 billion valuation to fuel its expansion. The Hiranandani group's data centre arm is also exploring an initial public offering in India. This move comes as India's data centre sector experiences rapid growth, driven by AI and cloud adoption, attracting significant international investment.
Auto companies stick to fast lane in pay hikes, too
Expect substantial salary increases in India's auto sector, with average hikes projected at 10.3% in 2026, surpassing the general corporate average. This boost is driven by strong vehicle sales and favorable government policies. Despite global uncertainties, companies are rewarding top performers while managing budgets carefully. Attrition rates are also anticipated to decrease as talent mobility slows.
Robust overseas show helps TVS emerge top 2-wheeler company in India
TVS Motor Company has achieved a significant milestone, becoming India's largest two-wheeler manufacturer by total monthly sales for the first time, driven by robust international business and exports. While Hero MotoCorp and Honda Motorcycle & Scooter India followed, TVS's overseas sales significantly boosted its overall figures, showcasing the growing influence of global markets on the Indian automotive landscape.
India-UK trade pact sparks rush of export orders ahead of July 15 rollout
Indian exporters are experiencing a significant surge in UK orders ahead of the July 15th India-UK CETA implementation. Anticipating tariff cuts, businesses in textiles, garments, leather goods, and chemicals are reporting substantial increases in bookings. This trade pact promises to boost competitiveness for Indian products, with gems and jewellery exports also poised for growth, though toy exporters face compliance hurdles.
FMCG companies ride the heatwave to make cool gains
Intense heatwaves fueled double-digit sales growth for FMCG, white goods, and retailers in the April-June quarter. Companies reported improved operating profits, aided by price hikes, despite rising input costs. While optimistic about consumption, firms are closely watching inflationary trends and El Nino's potential monsoon impact. Summer products saw a significant boost, though some categories faced challenges.
Centre weighs SEZ, GCC pilots to boost PM Internship Scheme
The corporate affairs ministry is actively seeking to boost participation in the PM Internship Scheme. New measures include pilot projects with SEZs, global capability centres, and SMEs, alongside allowing state governments to nominate companies. The government is also expanding eligible sectors and considering firms without CSR obligations to address lower-than-expected engagement and high dropout rates observed in earlier phases.
RBI backs crypto containment and keeps ban on table, officials tell house panel
The Reserve Bank of India has strongly advised a prohibition strategy for crypto assets, recommending that banks and financial institutions be completely shielded from them. Officials argued that allowing exposure could legitimize speculative products with no economic benefit and pose financial stability risks. The RBI also questioned India's top crypto adopter ranking and warned stablecoins could threaten monetary sovereignty.
India-EU FTA legal scrub to end in 10-12 days, deal by Dec 31: Piyush Goyal
India and the EU are set to ink their free trade agreement by December 31, with legal scrubbing expected to conclude in 10-12 days, marking the EU's fastest-ever approved trade pact. Meanwhile, India continues to press the US for a enable mechanism to ensure a competitive edge in a proposed interim trade deal, emphasizing preferential market access as crucial for finalisation.
Guardrails in the works to prevent tampering with EV batteries
Authorities are set to introduce stringent measures to prevent tampering with electric two and three-wheeler batteries. New regulations will mandate cybersecurity for imported e-rickshaws and scooters, while mobile apps capable of sabotaging existing vehicles, particularly those with Chinese batteries, will be banned.
Tax department steps up scrutiny of charitable trusts over disclosure mismatches
The Income Tax Department is intensifying its review of charitable trusts and non-profits, demanding detailed fund utilisation and governance information. This intensified scrutiny follows the detection of discrepancies in filings with various regulators. Hundreds of trusts, particularly those receiving foreign funds, are facing queries to ensure money is used solely for approved charitable purposes, enhancing data for tax assessments.
Soccer: Belgian fury fuels unlikely comeback to down unlucky Senegal
Belgium staged a dramatic comeback against Senegal, overturning a 2-0 deficit to secure a crucial victory. Despite a heated on-field argument between key players Youri Tielemans and Leandro Trossard, the duo later combined for the equalizer, with Romelu Lukaku adding another. Tielemans ultimately sealed the win with a penalty, showcasing the team's newfound fight and talent.
Buffer stocks, imports to keep pulse prices steady
Pulse prices are set to remain steady until December, defying concerns over delayed sowing and rainfall. Ample government reserves, coupled with strong output from key exporting nations like Africa and Myanmar, are ensuring sufficient supply. Weak consumer demand since March has also contributed to stable pricing, offering relief to the market.
Adani-IHC foray may rejig India's aluminium market mix
Adani Group is set to disrupt India's aluminium market with an $11.5 billion venture, challenging Hindalco and Vedanta. The project, slated to add nearly 50% to national output in five years, leverages Adani's low-cost energy advantage. This significant expansion aims to meet rising domestic demand, with a substantial portion of bauxite sourced from Odisha, creating over 53,000 jobs.
Chinese Proverb of the Day highlights the meaning of He who returns from a journey is not the same as he who left. The saying reflects how every journey, whether physical, emotional, or personal, transforms a person's perspective, character, and understanding of life. It suggests that experiences gained through travel, challenges, relationships, and learning leave lasting impressions that shape who we become. Rather than simply marking the passage of time, the proverb emphasizes that growth comes from embracing new experiences and the lessons they bring.
Crude inventory hits 1-year high on stronger imports
India's crude oil reserves have surged to a near one-year peak, reaching 104 million barrels by June's end. This rebound follows a significant drawdown in the preceding months, driven by strong import volumes that replenished stocks. Current reserves can sustain approximately 21 days of consumption, easing concerns over supply disruptions, particularly with the Strait of Hormuz transit now more stable.
Friedrich Nietzsche quote today: German philosopher Friedrich Nietzsche highlighted that connections with family, friends, passions, and values, rather than mere achievements, enrich existence and provide resilience. This profound insight suggests that the true measure of a life's richness lies in our ability to care and connect.
Coal gasification pilot yet to take off despite 6,233 cr incentives
Nearly a year after awarding 6,233 crore for coal gasification projects, none have progressed beyond planning. Despite multiple task force meetings, ground work hasn't commenced, with commissioning now pushed to FY30. Meanwhile, a new 37,500 crore scheme has been launched, excluding first-round participants who now face disadvantages due to delays and lack of access to more generous incentives.
Air India Express fully restores flights to West Asia
Air India Express has fully reinstated its West Asia flight network, including services to Oman and Kuwait, following a temporary halt due to the Iran conflict. The airline now connects 18 Indian cities to the region with approximately 780 weekly flights. Services to Salalah and Kuwait are resuming in early July, restoring full connectivity. Additionally, fuel surcharges to North America, Australia, Europe, and the UK have been reduced.
HDFC Bank develops own AI platform, fraud monitoring system
HDFC Bank is transforming into a tech powerhouse, developing its own AI platform, Neev, and a real-time fraud detection system. These in-house solutions, built by a dedicated engineering team, aim to combat rising banking frauds and enhance customer security. By investing in proprietary technology and engineering talent, the bank is positioning itself for future competition in the evolving financial landscape.
India emerging as reliable green fuel supplier: Renewable Energy Secretary Santosh Kumar Sarangi
India is emerging as a key global supplier of clean fuels, with significant long-term agreements for green ammonia and methanol to Japan. These deals, involving ACME Group and Japanese corporations, underscore India's growing role in international green hydrogen value chains. The nation's cost-competitive production capabilities are set to bolster global decarbonization efforts and energy security, as highlighted by Japan's Ministry of Economy, Trade and Industry.
Red Bull, Campa, Monster and other beverage cos get notices over 'energy drink' claims
India's food regulator, FSSAI, has cracked down on major beverage brands like Red Bull and Monster, issuing notices for using the 'energy drink' label and making health-related claims. The authority states that no such category is recognized under current food safety laws. Companies are warned against promotional statements about boosting energy or focus, as these functional claims are not permitted for food products, aiming to prevent misleading branding.
Broadcasters in a fix as weekly rating suspension disrupts Rs 40,000 crore ad market
India's 40,000 crore TV advertising market faces disruption as weekly ratings are suspended. Advertisers must now rely on historical data, temporarily favouring established broadcasters. This halt is expected to accelerate the shift towards connected TV and digital platforms, where audience measurement remains available. The suspension follows a directive for BARC to comply with new Television Ratings Guidelines 2026, including expanding its panel and introducing cross-screen measurement.
Delhi High Court rules BSNL/MTNL absorbed DoT employees not eligible for 7th CPC pension revision
Delhi High Court has ruled against pension revision for former DoT employees absorbed into BSNL/MTNL under the 7th Central Pay Commission. The court clarified that these individuals, governed by Rule 37A of pension rules, are subject to PSU pay structures and the Industrial Dearness Allowance regime, not Central Pay Commission recommendations. This decision overturns a previous CAT order.
NCLT dismisses Unity Small Finance Bank's insolvency plea against Awas Developers over default date
Unity Small Finance Bank's insolvency plea against Awas Developers was dismissed by the NCLT. The tribunal ruled the bank failed to pinpoint the correct default date and the case was time-barred. Despite the dismissal, the bank can pursue other legal avenues. The NCLT highlighted inconsistencies in the bank's default date claims, emphasizing that an NPA classification, not a demand notice, sets the limitation period.
New rules simplify drug launches, reduce manufacturer liability for overcharging
New rules now allow drug manufacturers to launch similar medicines without prior price approval, streamlining market entry. Companies can seek varied prices for drug variants based on packaging and dosage, fostering flexibility. Overcharging liability is now limited to specific distributors if manufacturers prove compliance, easing burdens for many firms. Stricter record-keeping for seven years is also mandated.
Military hardware, energy supply chains to fortify India-Japan ties
India and Japan have officially strengthened their strategic partnership, emphasizing initiatives aimed at economic security and collaborative military technology development. Important agreements focus on advancements in artificial intelligence and enhancing energy supply chains, particularly in semiconductors and critical minerals. Prime Minister Modi highlighted technology as fundamental, introducing a joint naval radio antenna project and designating 2027 as the India-Japan Year of Shared Horizons.
Football fever grips India as the FIFA World Cup 2026 Round of 32 heats up on July 3 with three thrilling knockout encounters. Argentina faces Cape Verde at 3:30 AM, followed by Colombia vs. Ghana at 7:00 AM, and Australia taking on Egypt at 11:30 PM. All matches are crucial for a spot in the Round of 16. Catch the action live on Unite8 Sports and stream on ZEE5.
Spain vs Austria FIFA World Cup 2026: Match time in India, live streaming and team details
Spain vs Austria FIFA World Cup 2026 Predicted Lineup, Key Players and Match Preview: Spain faces Austria in the FIFA World Cup 2026 Round of 32 on July 3rd, with a spot in the last 16 on the line. Unbeaten Spain, who topped Group H, clash with Austria, the Group J runners-up, at the Los Angeles Stadium. Fans can catch the action live on Zee5. Key players like Lamine Yamal and Marko Arnautovic are expected to shine in this crucial encounter.
Oil slide deepens as Saudi exports reach 90% of pre-war level
Brent futures slipped to near $70 a barrel in London, hitting their lowest since the week before the Iran war began on Feb 28. Saudi Arabia managed to load crude at almost 90% of previous levels after restarting shipments late last week from its giant Ras Tanura terminal, according to vessel-tracking data compiled by Bloomberg. US benchmark West Texas Intermediate dipped to near $67 a barrel.
Psychology says people who love 'cute' videos of pets aren't simply avoiding work or spending time without purpose. Research shows that watching pet videos can improve mood, reduce stress, increase attention, and help people recover from mental fatigue. Psychology explains that people respond to caring signals, emotional comfort, and positive feelings. These effects may support mental well-being, social bonding, and daily productivity when viewed in balance.
Quote of the Day by Eric Clapton: Eric Claptons quote, An obsession is where something will not leave your mind explores the nature of intense, persistent thoughts that continuously occupy a persons attention. The quote suggests that obsession is not just a passing idea, but a powerful mental state where emotions, desires, or ideas linger and repeatedly return, often shaping focus, behavior, and inner experience.
ED attaches Rs 58-crore assets of wife of Bhushan Steel's ex-promoter
The Enforcement Directorate has seized over Rs 58 crore in assets belonging to Ritu Singal, wife of former Bhushan Steel promoter Neeraj Singal. This action is part of a money laundering probe into alleged fund diversion from Bhushan Steel, causing a massive loss to financial institutions. The agency previously attached Rs 428 crore and filed chargesheets in the case.
Scientists looked inside cockroach DNA, and found something they never expected
Cockroaches harbor ancient bacterial DNA, a new study reveals. Researchers discovered thousands of tiny DNA fragments from Blattabacterium cuenoti, a long-term microbial partner, integrated into cockroach genomes. This finding highlights how enduring animal-microbe partnerships can leave lasting genetic imprints, challenging previous assumptions about animal DNA.
Petrol, diesel prices to fall only after cheaper crude oil reaches Indian refiners: Hardeep Puri
About expanding storage capacities, the Petroleum Minister said India is presently holding crude stocks enough for 76 to 80 days. This is inclusive of crude stocks at ports, refineries, pipelines and strategic petroleum reserves
Had they followed fed law my daughter: Heartbroken Mom rips into sanctuary cities jurisdiction
Now stop talking!: Hoyer erupts at Russell Vought as Trump's deficit comes under relentless fire
Bank of Baroda to pay $600 million to settle NMC Health insolvency claims
Bank of Baroda has agreed to a $600 million settlement with administrators of the insolvent NMC Health Plc. The bank faced allegations of gross negligence, failing to conduct proper due diligence, and allowing fraudulent transactions without adhering to anti-money laundering and KYC norms. This payout, significantly exceeding its reported exposure, aims to resolve claims from NMC Health and its affiliates, stemming from a fraud discovered between 2012-2020.
Coloured gemstones prices rise 20% as demand surges; gold, silver prices decline
Coloured gemstone jewellery is seeing a surge in popularity, with prices rising 20% year-on-year as affluent consumers favour these vibrant pieces over traditional gold and diamond items. This trend, driven by global influences and celebrity endorsements, has boosted demand by 30%, prompting jewellers to expand their inventories for the upcoming festive and wedding seasons.
Actress Parul Gulati has accused two employees of her Bengaluru store, Nish Hair, of financial fraud. She alleges the store manager and a sales executive directed customers to make payments into their personal accounts, leading to significant inventory shortages and an estimated 8 lakh embezzlement. Gulati revealed the discovery after spending a day at the police station, with the sales executive reportedly absconding.
Satellite communication providers and telecom operators have reached an agreement on a proposal to allow satellite operators to function as infrastructure providers, partnering with existing telcos to expand services. This move, supported by major players like Amazon Leo, Vodafone Idea, and Bharti Airtel, aims to create a distinct network provider layer.
Im gonna hold you at $30B because its $100B: Rep Pocan rips Trumps OMB Chief over Iran war cost
TNRERA Imposes Graded Penalties on Misleading Real Estate Ads
I asked ChatGPT how many credit cards are too many; Experts filled in the gaps with what AI missed
Several banks have altered credit card rewards, which may make cardholders reassess how many cards they need. I asked ChatGPT how many credit cards are too many and experts filled in the gaps with what AI missed.
We are ready and confident: India on revamped Olympic host selection process for 2036
India is actively pursuing its bid to host the 2036 Olympic Games in Ahmedabad, engaging with the IOC through various channels under a revamped selection process. The nation is currently in the Continuous Dialogue stage, with a Strategic Dialogue phase set for 2027.
Labour Ministry makes EPF contributions beyond 1,800 voluntary
Under the old scheme, the Employees' Provident Funds Scheme 1952, the wage ceiling, which is 15,000 per month at present, was relevant at the time of joining a firm for providing the employee with mandatory social security cover.
Psychology says people who raise numerous children aren't always motivated by the same reasons. Psychology explains that family size is influenced by culture, personal values, economics, relationships, biology, and social expectations. Researchers say there is no single personality type linked to raising many children. Different psychological theories help explain why families choose to have more children and what this behavior can teach about human decision-making.
Digital Edge (India) buys 30 acres in Palava for Rs 1,000 cr, plans 270MW data centre
Digital Edge, backed by NIIF, has secured over 30 acres near Mumbai for a massive 270 MW hyperscale data centre campus, marking a significant land deal in the region. This expansion underscores India's booming demand for cloud and AI infrastructure.
Most children don't naturally love vegetables, but new nutrition research suggests that healthy eating habits can be built with simple daily routines. Child nutrition experts say repeated exposure, family mealtimes and positive food experiences matter more than forcing kids to eat. As childhood obesity and poor diet remain concerns across the US, these science-backed vegetable habits give parents practical ways to raise healthier eaters and support lifelong nutrition, growth, learning and overall well-being.
Chicago Mayor was laughing while I was claiming my daughter's body': Grieving Mom erupts at Dems
French Proverb of the Day highlights the meaning of For the young hunter, an old dog is needed. The saying reflects how success in learning or any new journey is often shaped by experience rather than effort alone. It suggests that guidance from someone experienced is essential for those who are still learning, as wisdom and familiarity with situations can prevent mistakes and improve outcomes. The proverb emphasizes how knowledge and experience are valuable assets that grow over time, and how beginners benefit from the support of those who have already mastered the path before them.
Do you consider Panama Canal your greatest achievement?: Trump asks AI-powered Roosevelt | WATCH
Govt notifies new VB-G RAM-G rules, excess spending to be monitored to prevent misuse
New rules mandate strict monitoring of state spending on the rural employment scheme, VB-G RAM-G, exceeding central allocations. The scheme, replacing MGNREGA, guarantees 125 days of work and requires direct bank payments for wages. States will now share 40% of wage costs, a significant shift from the previous Centre-funded model.
Assam Chief Minister Himanta Biswa Sarma met with Union Minister Ashwini Vaishnaw to boost the state's industrial and infrastructure development. Discussions centered on integrating Assam into India's semiconductor ecosystem and enhancing railway connectivity. Key projects like the Lanka-Umrangso railway line and the India-Bhutan railway were highlighted, aiming to foster economic growth and regional ties. These initiatives are poised to significantly transform Assam's industrial landscape.
'Its big money-making business': Johnson reveals why COVID vaccine injuries were allegedly hidden
West Bengal rolls out 500 24x7 cybercrime help desks across state
West Bengal has launched 24/7 Cybercrime Help Desks in 500 police stations and women's safety initiatives, including a specialized Durga Suraksha Squad. Chief Minister Suvendu Adhikari highlighted cybercrime's pandemic-like spread, particularly affecting senior citizens. The state aims to expedite reporting and recovery of defrauded money through these help desks, emphasizing the critical Golden Hour for swift action and coordination with the National Cyber Crime Reporting Portal.
Private jet operators seek relaxations in FDTL, EDTO norms
Aviation regulator DGCA is poised to form a committee to review pilot flight duty norms for chartered flights following a request from the Business Aircraft Operators Association (BAOA). The association seeks relaxations, including aligning long-range business jet rules with global standards and extending Extended Diversion Time Operations (EDTO) from 90 to 120 minutes. These proposed changes aim to enhance operational flexibility and safety for business aviation.
Avantika left a secure job at Taj Mahal Palace in Mumbai to pursue her passion for baking, a dream her father wholeheartedly supported. Despite societal pressure and a challenging experience in the hospitality industry, her father's unwavering encouragement and belief in her allowed her to overcome setbacks. Today, Teddy's bakery in Ghaziabad is a thriving reality, with her father now a business partner, proving the profound impact of parental backing on achieving one's aspirations.
India's solar sector a big opportunity, could become exporter to Europe: Renewables Norway CEO
India's burgeoning solar power sector is a significant driver for global climate action, according to Renewables Norway CEO Bard Vegar Solhjell. He highlighted India's potential to become a major exporter of solar components to Europe if it develops its manufacturing capabilities.
The agreement establishes a structured framework to assess the application of Hyperloop technology for cargo and freight transportation across domestic as well as international markets
Tata Power Solaroof has launched 'Ghar Ghar Solar' in Punjab, aiming to equip one lakh households with rooftop solar and battery systems over three years. This initiative, supported by accessible financing and community programs like 'Mera Gaon, Mera Solar', seeks to boost clean energy adoption. The campaign aligns with government subsidies, making solar power more affordable and promoting self-reliant energy solutions across the state.
'Dark money groups funded $60M': Soros-linked network in Minnesota 'exposed' at Senate hearing
NCLAT revives insolvency proceedings against Chintamani's Jewellery Arcade on Axis Bank plea
Insolvency proceedings against Chintamani's Jewellery Arcade have been revived by the NCLAT after Axis Bank filed a restoration application. The tribunal found the company in material and continuing breach of court-recorded settlement terms, failing to adhere to its repayment schedule. This decision reinstates the corporate insolvency resolution process against the Mumbai-based firm before the NCLT.
Balwaan Krishi expands South India operations with new hubs in Chennai, Visakhapatnam
In Tamil Nadu, the facility unlocks significant demand for power weeders, brush cutters, sprayers, water pumps and harvesting equipment
A former Goldman Sachs employee, Kriti Rohilla, shared her eye-opening salary negotiation experience on LinkedIn. She learned that corporate pay structures often hinge on initial benchmarks and that leverage, particularly an external job offer, is crucial for significant salary increases. Rohilla's story highlights the systemic nature of pay discussions and the importance of demonstrating market value to secure fair compensation.
Quote of the Day by Samuel L. Jackson: Samuel L. Jacksons quote, Those who say that money can't buy happiness, never had any, explores the practical relationship between money, financial security, and happiness. The quote suggests that while wealth alone cannot guarantee lasting joy or fulfillment, having enough money can reduce stress, provide stability, and create opportunities that improve a person's quality of life.
I would never have been CEO in any other country, including India: Indra Nooyi
Former PepsiCo chief Indra Nooyi credits the US' meritocratic system for her success, stating she couldn't have reached CEO status in any other nation, including India. She emphasised how the US commercializes global innovations, allowing immigrants to rise. Nooyi urged her daughters to cherish these opportunities and preserve the nation's spirit, highlighting the system's focus on talent over background.
Mega reprieve for auto sector as Centre waives 2,700 crore CAFE-2 penalties
The decision comes after PMOs intervention earlier this year to clear past dues before rolling out CAFE-3 norms
Quote of the day by John D Rockefeller reminds people that money alone cannot define success or happiness. The famous quote explains that true wealth comes from purpose, relationships, health, kindness, and personal growth. It also warns against making financial gain the only goal in life. The message remains relevant today because many people continue to balance careers, family, ambitions, and personal well-being while searching for a meaningful life.
'I'm only kidding': Trump makes bizarre 'threesome' joke about his sons and Medal of Honor
Ninjacart raises $6 million from existing investors
Says it has turned EBITDA-profitable; eyes public listing in two years
Tata Steel in talks with Dutch govt for Netherlands project amid tightened emission norms
Tata Steel is in talks with the Dutch government to navigate its transition project in the Netherlands, aiming to meet stringent emission norms. Facing challenges with legacy assets and stricter environmental regulations, the company is developing a long-term, financially viable, and environmentally compliant pathway. This includes strengthening energy security and planning significant CO reductions through low-carbon steel processes, mirroring similar decarbonisation efforts in the UK.
Govt brings stem cell, gene therapies under central licensing framework
India's drug regulations have been updated to include advanced treatments like cell, stem cell, gene therapies, and xenografts under central licensing. This move aims to bolster oversight for these complex, evolving medical technologies, ensuring patient safety and uniform standards nationwide. The amendment signifies a commitment to public health while fostering innovation and faster adoption of cutting-edge healthcare solutions.
RB Infrastructure Trust to transfer two BOT Highway assets with enterprise value of Rs 4,605 crore
IRB Infrastructure Developers announced a significant deal where its sponsored platforms will transfer two BOT highway assets, Solapur Yedeshi and Chittorgarh Gulabpura, to IRB InvIT Fund for Rs 4,605 crore. This strategic move reinforces IRB's position as a leading sponsor and O&M platform, propelling its ambition to build a substantial asset base in the coming years.
Working for a foreign client means income may be taxed in both the foreign country and India. However, Indian residents can claim foreign tax credit by filing Form 67. Details here.
Assam pushes aviation expansion as CM seeks faster approval for Silchar Greenfield Airport
Assam is set to become a major aviation hub with plans to fast-track six new greenfield airports and a heliport. Chief Minister Himanta Biswa Sarma discussed accelerating project approvals and pre-feasibility studies with the Union Civil Aviation Minister. This expansion aims to boost regional connectivity, create economic opportunities, and strengthen logistics, complementing Assam's vision as a key Northeast gateway.
Legendary investor Ray Dalio, founder of Bridgewater Associates, attributes his immense success not to luck or secret formulas, but to two accessible daily habits. He emphasizes the transformative power of meditation for achieving inner calm and emotional balance, crucial for navigating high-stakes finance. Additionally, Dalio meticulously documents personal guidelines derived from mistakes and challenges, creating repeatable principles that guided his career and business.
Cabinet approves reduction in broken grain content in PDS rice to 10% from 25%
Plans a phased rollout
From Heartbreak to IIT Bombay. Telangana student Shiva's inspiring story goes viral: 'He lost....'
Shiva, a Telangana student, overcame immense personal tragedy, including the loss of both parents, to achieve his dream. With the support of his uncle and mentors, he excelled in JEE Advanced, securing admission to IIT Bombay's Computer Science program. His journey highlights the power of resilience and determination in conquering adversity.
Proverb of the day highlights an African proverb that teaches the value of protecting your identity while adapting to changing situations. It explains that people can change their actions, habits or appearance to meet different circumstances, but their core values and character remain the foundation of who they are. The proverb also explores authenticity, adaptability, life lessons, relevance today, English equivalents and practical ways to apply its message in daily life.
Bombay HC paves way for cluster redevelopment of MHADA's two biggest layouts in Bandra, Worli
Mumbai's Bombay High Court has greenlit the cluster redevelopment of major MHADA layouts in Bandra Reclamation and Adarsh Nagar, Worli. The court dismissed petitions challenging the government's decision, deeming cluster redevelopment a feasible and planned approach for the city's growth. This policy aims for integrated development, ensuring better infrastructure and amenities across these large, older housing areas.
CCI closes furniture tender case against Godrej & Boyce Mfg. Co, 15 govt entities
The Competition Commission of India has dismissed allegations of systemic manipulation in public furniture procurement favouring Godrej Enterprises. Complainants claimed tender specifications mirrored Godrej's proprietary designs, stifling competition. However, the CCI found no evidence of collusion or anti-competitive behaviour, noting the existence of multiple furniture market players and that procurement entities are responsible for setting specifications.
