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India auto M&A and PE deals fall to $1.46 billion in H1 2026; Q2 transactions drop 43 per cent
Investment in aAuto has shrunk to $1.46 billion from nearly $2.8 billion in the first half; Q2 as deal volumes tumbled by 43 per cent as investors concentrated on mobility platforms
Truecaller row: TRAI seeks 'designated agency' status under IT Act; Meity examining it
Telecom regulator TRAI wants to be an authorized agency under the IT Act. This status would allow TRAI to take action against call management applications. The IT Ministry is currently examining this request for regulatory jurisdiction. TRAI recently asserted that no app can block government and regulated entity calls. The Ministry is reviewing the matter, not specifically the Truecaller dispute.
Industree Foundation partners with Nagaland to promote bamboo-based livelihoods
An MoU with NSRLM will result inthe integration of30,000 smallholder women farmers into the bamboo value chain.
UP to get road projects worth Rs 5 lakh crore in next two years: RTH Minister Nitin Gadkari
Union Minister Nitin Gadkari announced road projects worth Rs 5 lakh crore for Uttar Pradesh. New projects worth Rs 50,000-60,000 crore have also been approved for the state. Infrastructure development is considered the foundation for economic growth and investment attraction. The minister highlighted the accelerated development pace in Uttar Pradesh since 2014.
IndiGo, Accor announce reciprocal loyalty programmes partnership
IndiGo and Accor have announced a new loyalty partnership in India. Members can now convert reward points between IndiGo BluChip and ALL Accor. This collaboration connects air travel with rewarding hospitality experiences for customers. Travellers can seamlessly link flights and hotel stays across both networks. The partnership aims to create a more rewarding travel journey within India and beyond.
Will deposit 50 crore in 45 days: SpiceJet tells HC on dispute with Kal Airways
On May 4, the bench dismissed pleas by SpiceJet and Ajay Singh seeking a review of a January 19 order to deposit over 144 crore in the case
Jindal Steel CEO Gautam Malhotra resigns ahead of board meeting next week
Gautam Malhotra, CEO of Jindal Steel, has resigned from his position. His resignation is effective from July 15, 2026, due to personal commitments. Malhotra expressed appreciation for the support received from colleagues and the board. The company's board will meet on July 24, 2026, to approve financial results. Jindal Steel has not yet announced a replacement for the chief executive.
'Did Russia or Iran just poison': MAGA's Laura Loomer calls for probe into Lindsey Grahams death
Lindsey Graham death cause: Iranian newspapers prominently featured Senator Lindsey Graham's death, issuing warnings to US and Israeli leaders. One publication showed President Donald Trump kneeling beside Graham's portrait with a dire headline. Another newspaper labeled Graham the Merchant of Death for his anti-Iran policies. This coverage coincided with a evenge list targeting foreign leaders after a prominent Iranian figure's passing.
Sofia Vergara believes stereotypes will always exist but she is unafraid. She turned her uniqueness into a powerful personal strength and career asset. Her journey highlights the importance of self-confidence and embracing individuality. Vergara's early life in Colombia and move to the United States shaped her. This inspiring message continues to resonate with audiences worldwide today.
Quote of the day by Bruce Springsteen: Bruce Springsteen believes success does not make living easier. Achievements offer comfort and opportunities but not emotional peace. People often focus on success rather than the message. Pursuing goals requires realistic expectations and personal growth.
Asian Paints hikes prices by 12% as West Asia conflict drives up costs
Asian Paints has increased prices by approximately twelve percent to counter rising raw material costs. This significant price adjustment is linked to the ongoing Middle East conflict and its impact. Rivals Berger Paints India and Kansai Nerolac Paints also raised their prices earlier. JSW Dulux implemented a ten percent price increase for its products. Indian paint manufacturers are adjusting prices to offset higher crude-linked raw material expenses.
Finance Minister Nirmala Sitharaman urged banks to enhance outreach to Non Resident Indians. Banks are offering attractive returns on foreign currency deposits and are seeing significant interest. Public sector banks are employing customized digital strategies to engage the NRI diaspora effectively. International Banking Units at GIFT City are being utilized for fund mobilization from multiple jurisdictions.
Tighter norms for Indian firms investing abroad by RBI: Why such disclosures now?
BITS Pilani-backed sortmyprep raises USD 350k in pre-seed round
Sortmyprep, an AI education platform, secured USD 350k in pre-seed funding. This investment will strengthen its AI infrastructure and expand curriculum coverage. The platform currently serves students in over fifteen countries globally. It aims to enhance learning outcomes and exam performance for students. Sortmyprep plans to broaden its reach into new educational boards.
40% Analog paneer samples found unsafe, says MH FDA Commissioner Tukaram Mundhe
Maharashtra FDA is intensifying action against adulterated milk products. Milk and dairy items are considered high-risk food categories requiring strict monitoring. The FDA is implementing end-to-end supply chain management for milk products. Action includes closing centers, destroying milk, and prosecuting violators. Substandard analog paneer and cheese also face strict regulatory oversight.
Living in an apartment? These dogs are surprisingly perfect for small homes, even without a backyard
Apartment dogs are not always the smallest breeds. Dog behavior experts say temperament, barking habits, trainability, and daily exercise matter far more than size. Many large dogs stay calm indoors, while some small breeds bark more in shared buildings. The best apartment dog is quiet, adaptable, and easy to train. Before choosing a pet, match the dog's energy level with your lifestyle.
How El Nio could damage Indias economy | Explained
A poor monsoon can damage the economy in three ways: it affects agricultural output, reducing the sectors contribution to the economy; it hits rural income, denting aggregate demand; and it threatens to push up food prices, causing inflation.
BSNL unaudited operational revenue up by 10% to Rs 4,418 crore in Q1: Jyotiraditya Scindia
State-run BSNL reported a ten percent revenue increase in the first quarter. Enterprise business and consumer mobility segments showed growth for the company. The consumer fixed access segment remained almost flat during this period. Total revenue from operations reached Rs 4,418 crores this year. Average revenue per user provisionally increased from Rs 100 to Rs 102.7.
Aastha Spintex bags 77 cr order, reflecting strong demand for cotton yarn
The confirmed order pipeline represents over 21 per cent of the companys FY25 revenue of about 352 crore
UK unveils plan to ban Iran Revolutionary Guards: ministry
The UK government announced plans on Monday to ban Iran's Islamic Revolutionary Guard Corps (IRGC) as a threat to national security, alongside an Iran-linked group accused of a series of attacks against the Jewish community. The banned groups would also include proxies and volunteers of Russia's GRU military intelligence agency, and the Islamic Movement of Companions of the Right (IMCR), an Iran-linked group which has claimed attacks on Jewish properties in London.
An X post by Ojas Sharma has gone viral after he shared the story of a friend who failed to get into IIT even after taking a drop year and eventually joined a tier-3 engineering college. Instead of dwelling on the setback, the student immersed himself in projects, hackathons and leadership roles, prompting Ojas to rethink his own belief that college alone determines success.
UP RERA directs real estate developers to charge prescribed GST rates
UP RERA mandates developers adhere to official Goods and Services Tax rates. Homebuyers can claim refunds for any excess GST collected by promoters. The State Tax Department has established an online mechanism for these refund applications. If a project is cancelled after the credit note period, buyers can apply directly. Refunds are admissible for GST amounts exceeding one thousand rupees.
Puravankara records 28% growth in Q1 pre-sales, collections up 40%
Realty developer Puravankara reported a 28% year-on-year rise in pre-sales to 1,439 crore in the April-June quarter, while collections grew 40% to 1,199 crore. Average price realisation increased 18% to 10,589 per sq ft, and the company delivered 745 homes during the quarter.
INS Mahendragiri equipped with four mtu generator sets: Rolls-Royce
Rolls-Royce mtu generator sets now power the stealth frigate INS Mahendragiri. INS Agray and INS Dunagiri also utilize Rolls-Royce mtu power solutions. These vessels were recently commissioned into the Indian Navy fleet. The company's technology ensures reliable electrical power for complex operations. This partnership strengthens India's indigenous defense capabilities and maritime security.
CIC directs petroleum ministry arm to share historical petrol, ethanol, profit data
The Central Information Commission ordered the Petroleum Planning and Analysis Cell to release historical petrol production and import data. It also mandated the disclosure of ethanol procurement and blending figures, along with petroleum sector profits. The commission found that the cell had initially provided only partial information to an applicant. PPAC must now furnish revised responses and specific web links for ethanol blending notifications.
7 indoor plants that may help repel rats away from home
Rats have an extremely sharp sense of smell, which is also their biggest weakness. Certain plants produce volatile compounds that overwhelm their olfactory system and make them want to stay far away. Before reaching for traps or pesticides, try keeping these seven plants around your home.
UK Wildfire Update: Britain is on high alert as wildfires burn across Wales and the Peak District. Southern England faces an exceptional wildfire risk, the highest level on its Fire Severity Index. London also experienced extreme wildfire risk, disrupting transport and closing rail lines. Major incidents unfolded in North Wales, forcing residents to evacuate their homes. Authorities urge the public to remain cautious and avoid activities that could start fires.
What really happened in Lindsey Graham's final hours? Preliminary report reveals 'shocking' details
India outplay England to win historic Lord's Test by 270 runs
India secured a commanding 270-run victory against England in the inaugural Women's Test at Lord's. The Indian bowlers completed the win by dismissing England for 186 runs on day four. Smriti Mandhana and Yastika Bhatia laid the foundation for this significant win. Kranti Gaud's five-wicket haul was instrumental in restricting the opposition's score. This triumph marked India's superior record against England in Test matches.
The income tax return due date for most taxpayers is July 31, 2026. Late filing incurs penalties and addition interest if you have unpaid taxes. Check all other consequences of missing ITR due date here.
India, US have framework trade deal ready; signing awaits right time: Official
India and the United States are progressing well on a trade agreement framework. This framework deal is ready and will be signed at the appropriate time. India seeks a comparative advantage on tariffs compared to competitor nations. Both sides are fully engaged in achieving a balanced and meaningful trade pact. Discussions also cover US investigations into forced labor and excess capacity concerns.
Flipkart deepens West Bengal investments, backs jobs and MSMEs
Flipkart will deepen its long-term investments in West Bengal's infrastructure. The company operates its largest fulfillment center in Haringhata, West Bengal. This facility supports over 120,000 direct and indirect jobs across various functions. Flipkart's marketplace empowers over 66,000 sellers from West Bengal. The e-commerce giant remains committed to the state's growth potential.
Institutional investments in India's real estate sector reached a record USD 4.1 billion. This significant rise occurred during the first half of the year. Better inflows came from both domestic and global investors. Commercial assets attracted the largest share of these investments. Investor confidence in the real estate ecosystem is growing.
ITR filing 2026: Is it necessary to keep physical copies of digital tax documents? Expert explains
ITR filing is now becoming increasingly paperless, but taxpayers must securely retain key digital tax documents. A tax expert explains which records to preserve, why backups matter, and how organised digital files can help during tax verification, assessments and future income tax notices.
30 tonnes of pineapples sold at Meghalaya Festival in Delhi
The volume sold was almost double than the 15.5 tonnes sold last year at the festival
Edelweiss arm wins NHAI's TOT 19 roads bundle for 2,259 crore
EAAA Alternatives has won the rights to operate two NHAI toll road projects in Tamil Nadu for 20 years under the Toll, Operate and Transfer (TOT) programme. The 170-km Thanjavur-Trichy and Madurai-Tuticorin stretches were acquired for 2,259 crore.
While praising Akhil Akkineni's latest film 'Lenin', megastar Chiranjeevi called the actor affectionately as 'another son'. The action drama, directed by Murali Kishor Abburu, has achieved significant box office success amid positive audience reception. Akhil responded to Chiranjeevi, calling him 'Pedha Nanna' on social media.
West Indies vs New Zealand 2nd ODI Playing 11: West Indies achieved a dominant seven-wicket victory against New Zealand in the first ODI. The hosts displayed confident batting during their successful chase of the target. New Zealand began strongly but experienced a late collapse, losing momentum. The West Indies team will now aim to carry this lead forward. They seek to seal the series in the upcoming second ODI match.
From AI access to AI literacy: What students really need to learn before graduation
As AI becomes ubiquitous, using it well matters more than using it at all. ET Masterclass's student programmes AI Orientation, Academic Excellence, AI Mastery, and Young Entrepreneur build critical thinking, verification skills, and entrepreneurial fundamentals, preparing students not just to access AI, but to think with it.
Delhi govt renames Mahila Samriddhi Yojana as Delhi Lakshmi Yojana, plans Raksha Bandhan rollout
The Delhi government has renamed its Mahila Samriddhi Yojana to Delhi Lakshmi Yojana. This flagship welfare scheme will provide financial assistance to eligible women. Each woman will receive Rs 2,500 every month directly. The rollout of this new scheme is planned around Raksha Bandhan. This initiative aims to support women across the capital city.
Jeff Bezos left a lucrative career to pursue an internet commerce idea and wrote Amazon's initial business plan during a five-day road trip. Bezos unknowingly laid the foundation of a $3 trillion empire. MacKenzie Scott supported his vision and played a significant role in early operations. Bezos's early sales predictions were significantly surpassed by Amazon's growth.
Retail inflation inches up to 4.38% in June: Government data
The food inflation based on the consumer price index (CPI) was 5.32% in June, higher than 4.78% in May, according to the data
DA hike: What are the types of Dearness Allowances, how they are calculated explained
Dearness Allowance is a percentage of employees' pay aimed at helping households manage the increased cost of living. For calculation purposes, it is separated into two categories: industrial and variable DA.
Delhi's power regulator has permitted an additional fuel surcharge for electricity companies. This allows discoms to charge up to eight percent more on consumer bills. The Delhi Electricity Regulation Commission granted similar relief for the previous month. This move aims to help discoms recover increased power purchase costs. The relaxation applies on a month-to-month basis until further notice.
CM Suvendu Adhikari backs Kolkata Airport Mosque entry ban, cites national security
Mercedes-Benz India confirmed all its BS VI petrol vehicles are E20 compatible. This clarification followed a popular YouTuber's claims about reduced fuel efficiency in his SUV. The luxury carmaker stated its petrol BS VI models are certified for E20 fuel by authorities. The government also defended its ethanol-blended petrol program's economic benefits. Mercedes-Benz remains available to assist customers with technical queries regarding fuel compatibility.
Rajnath Singh, Nitin Gadkari inaugurate Lucknow-Kanpur Expressway in UP
Union ministers and Uttar Pradesh Chief Minister inaugurated the Lucknow-Kanpur Expressway. This new six-lane access-controlled highway cost Rs 4,200 crore to build. The project is expected to cut travel time between the two cities to just 40 minutes. It features an Intelligent Traffic Management System for enhanced safety and efficiency. The expressway will boost regional development and create new employment opportunities.
India developing indigenous solutions to global health challenges: Rajnath Singh
India is setting new benchmarks in medical research and indigenous solutions. Gene therapy and nuclear medicine are key areas of advancement for global health. The nation's health system is becoming more self-reliant and affordable for citizens. Indigenous manufacturing of medical equipment has gained momentum through new schemes. Uttar Pradesh has significantly improved its healthcare infrastructure and medical education.
Day 24 of CJP protest: Wangchuk loses 8.2 kg as fast enters 16th day; 'lives at stake', says Dipke
Educator Sonam Wangchuk has lost significant weight during his hunger strike. His health is deteriorating as the protest enters its sixteenth day. The Cockroach Janta Party urges the government to address protesters' demands promptly. Political parties have visited the protest site to express solidarity and support. The CJP continues to demand accountability and a fair examination system.
Bansal Family to invest Rs 10,000 crore in FY27 on construction, land acquisitions
The Bansal Family plans a Rs 10,000 crore investment in FY27 for land and construction. Their real estate platforms hold over 3,000 acres of land with substantial future development potential. The group has delivered over 30.6 million sq. ft. and is developing more projects. They are North India's largest retail developer and lead in branded residences. This expansion includes ultra-luxury districts and partnerships with global brands.
Retail inflation rose to 4.4% in June
Silver jewellery recorded the highest inflation rate at over 133%
SC asks Centre to place on record new aviation rules to regulate volatile airfares
New regulations have been finalised, the government says, they are being translated into Hindi and other official languages before being tabled in Parliament
ICE must go, so must the president!': Al Green demands Trump's impeachment after Texas shooting
Michael, the biopic on pop icon Michael Jackson starring his nephew Jaafar Jackson, has made box office history by becoming the first-ever biographical film to cross the $1 billion mark worldwide. Directed by Antoine Fuqua, the film has also become the highest-grossing musical biopic of all time, surpassing Bohemian Rhapsody, while setting a new record for Lionsgate as the studio's first billion-dollar release.
Its training and support initiative has helped transform the agricultural practices of smallholder women farmers
India's June retail inflation quickens to 4.38%, crosses RBI's 4% target after 17 months
India's retail inflation reached 4.38 percent in June, exceeding the central bank's target. Elevated food and fuel prices contributed to this significant acceleration in price pressures. The Reserve Bank of India maintained its benchmark repo rate at 5.25 percent during its review. Policymakers are balancing inflation risks with the need to support economic growth. Concerns remain about global energy prices and an erratic monsoon season.
Changed jobs? Your PF won't be transferred immediately here's what triggers the automatic transfer
Your provident fund won't move instantly after you switch jobs. EPFO's new mechanism auto-triggers transfer after your new employer's first contribution. Details here.
Don't waste used aluminium foils. 7 ways it can be used to save your kitchen time and efforts
Used aluminium foil does not always belong in the trash. Clean and intact foil sheets can be reused around the kitchen in several practical ways. From sharpening slightly dull scissors and keeping banana stems fresh to making a DIY funnel, scrubbing grills, cleaning certain pans, protecting pie crusts and helping with air fryer cleanup, foil can save time and reduce waste. However, avoid reusing foil exposed to raw food, heavy grease or contamination.
SpiceJet, Ajay Singh undertake to pay Rs 140 crore in KAL Airways dispute
SpiceJet and Ajay Singh will pay Rs 140 crore to KAL Airways and Kalanithi Maran. The airline will deposit Rs 50 crore within forty-five days. The remaining Rs 90 crore will be paid within ninety days thereafter. The Delhi High Court will monitor this payment schedule closely. Hearing SpiceJet's challenge to the arbitral award is deferred until compliance.
Ram Mandir Trust invites applications for first CEO post; July 18 deadline announced
Ram Temple CEO recruitment: The Shri Ram Janmabhoomi Teerth Kshetra Trust has invited applications for the post of its first Chief Executive Officer (CEO), with 18 July set as the deadline for submissions. According to the trust, the CEO's primary responsibility will be to uphold devotees' faith in the organisation. A three-member panel has been constituted to scrutinise applications and recommend suitable candidates. The trust will also define the CEO's powers and responsibilities following the appointment.
A Stanford-led study has provided the strongest evidence yet that warming oceans and declining oxygen levels caused Earth's largest mass extinction around 252 million years ago. The research explains why some marine animals survived while others nearly disappeared, offering fresh insight into how modern climate change could affect ocean ecosystems.
DU UG admissions 2026-27: Tentative schedule, venues of physical trials for ECA quota announced
Delhi University's undergraduate admissions will feature ECA trials beginning July sixteenth. Detailed schedules for individual candidates will be published by July fourteenth. Candidates outside Delhi should book travel and plan accommodation near venues. Trials for dance, debate, and music commence on July sixteenth. The academic session is scheduled to start on July twenty-eighth.
BNPL impact on credit score: 5 key facts every borrower should know before using buy now, pay later
A buy now, pay later facility can help build a strong credit history when used responsibly. Timely repayments, controlled borrowing, and avoiding defaults are crucial. Learn how BNPL services affect credit scores, borrowing ability, and financial health with key tips for users.
The Rs 200 meal is the new battleground for Swiggy, Zomato and other food delivery companies
Food delivery companies are adapting strategies to attract everyday officegoers. Swiggy and Zomato offer value meals and targeted discounts to customers. Ownly and Rebel Foods explore different pricing and occasion-based models. These platforms aim to make ordering food a regular habit. Affordability and varied offerings are key to future growth.
SC seeks aviation rules in sealed cover amid concerns over airfares, passenger rights
The Supreme Court has ordered the Centre to submit new aviation rules within two weeks. These rules are under the Bharatiya Vayuyan Adhiniyam, 2024, which is awaiting finalization. A petition seeks stronger regulation and safeguards against arbitrary airfare hikes by airlines. The court is considering the creation of an independent aviation regulator for passenger protection. Further hearing on this significant matter is scheduled for August 3.
Souza Lobo, established in 1932, remains a legendary Goan restaurant on Calangute Beach. The establishment is now managed by Jude Lobo, the founder's granddaughter. It continues to serve authentic Goan dishes using fresh, daily-sourced ingredients. The menu also features international cuisines to cater to a global palate. Gastronomes enjoy signature seafood platters and traditional Goan classics.
The holy month of Sawan in 2026 begins on July 30 and concludes on August 28. Devotees will observe Sawan Somwar fasts on four auspicious Mondays throughout the month. Rituals include offering Gangajal, bael leaves, and milk to the Shivling for divine blessings. Observing these traditions is believed to bring peace, prosperity, and marital harmony to families.
SC says SAT order in Bombay Dyeing case not to be treated as precedent, but refuses stay
The Supreme Court declined to halt a Securities Appellate Tribunal order concerning Bombay Dyeing. SEBI's plea challenging the tribunal's decision was issued notice by the court. The tribunal had previously overturned SEBI's regulatory directions against the company and its promoters. This ruling involved transactions between Bombay Dyeing and SCAL Services Limited.
ICC Men's Player of the Month nominees for June 2026 announced
The International Cricket Council announced June 2026 Player of the Month nominees. Mossadek Hossain impressed with a series-winning performance against Australia. Nathan Smith led New Zealand's attack to a Test series victory. Shubman Gill scored centuries and amassed runs across formats. These players earned recognition for outstanding performances during the month.
Actor Ranbir Kapoor buys land parcel in Punes Mulshi for Rs 16.42 crore
Bollywood actor Ranbir Kapoor has acquired over twenty-five acres of land in Pune's Mulshi taluka. These four adjoining land parcels were purchased for more than sixteen crore rupees. The largest acquisition involved a ten-acre plot bought for over seven crore rupees. Kapoor also recently purchased land in Ayodhya for over three crore rupees. Celebrity real estate investments remain robust across various Indian markets.
Presumptive taxation: Who should opt for it & who should avoid it? Experts explain
The presumptive taxation scheme offers a simpler way to compute taxable income, but it may not suit every taxpayer. Here's what businesses and professionals should consider before choosing it.
Auto sector to post strong Q1FY27 growth; high raw material costs likely to weigh on profits: Report
The expansion was led by two-wheelers, surging 26%, followed by passenger vehicles at 24%, commercial vehicles at 20% and tractors at 18%
'False, baseless': Piyush Goyal pushes back on India-US trade deal claims
Commerce Minister Piyush Goyal has dismissed reports that India rejected a quick trade deal with the US as completely false, baseless and misleading. He said both countries remain committed to a balanced bilateral agreement, while Trade Secretary Rajesh Agarwal said negotiations are progressing well and India sees no challenges in the talks.
Quote of the day by Shannen Doherty teaches mistakes are an inevitable part of life, but they do not have to determine a person's future. Through accountability, empathy, perseverance, and the willingness to improve, individuals can transform setbacks into valuable lessons. Offering second chances does not ignore responsibility; it recognizes the human capacity for growth. By extending understanding while encouraging positive change, we create a more compassionate world where people are judged not only by their past but also by their determination to build a better future.
CERC tells clean energy firms to lose grid connection or generate power
Power producers must surrender unused transmission rights or post higher bank guarantees to free up grid capacity
How much EPF can you withdraw? Check it online with these simple steps.
The new rules compress a dozen complicated advance clauses into three broad categories while requiring a mandatory 25% retirement reserve.
Adani Ports & SEZ, Gujarat Pipavav Port report higher container volumes in Q1 FY27
Container volumes at Indias 12 major ports rose 9% year-on-year in the April-June quarter of FY27, reflecting resilience in the broader port sector
Google Pixel 11: Google's upcoming Pixel 11 smartphones may launch without a 128GB storage option, according to recent leaks. Instead, the new lineup is expected to start with 256GB of internal storage. The leaks also suggest that the Pixel 11 series could see higher prices in Europe, possibly reflecting rising global component and manufacturing costs. However, these details remain unconfirmed, and Google is expected to reveal the official pricing, specifications and features at its launch event.
Sam Neill net worth: From Hollywood blockbusters to vineyards, how he built his fortune
Sam Neill, known for Jurassic Park, passed away Monday in Sydney. His family confirmed the sudden and unexpected loss at seventy-eight years old. Published estimates place Neill's net worth between eighteen and nineteen million dollars. His extensive acting career formed the foundation of his considerable wealth. Neill also established a successful winery as a second income source.
India's June trade deficit jumps 59% YoY to $30.43 bn
India's merchandise trade deficit widened to $30.43 billion in June from $28.21 billion in May, even as goods exports rose 15.5% year-on-year to $40.41 billion. In the April-June quarter, overall goods exports increased about 15%, supported by higher petroleum shipments and a recovery in exports to Gulf countries.
India tells clean energy firms to lose grid connection or generate power
India's energy regulator has directed renewable firms to surrender transmission rights or provide higher bank guarantees. This move aims to free up grid capacity for projects that are actively generating electricity. Companies can also transfer rights to group utilities that are generating but lack grid connectivity. The Central Electricity Regulatory Commission believes this will release significant connectivity for other developers.
Quote of the day by Franklin Graham expresses the belief that divine truth remains constant despite the changing nature of human society. For Christians, this conviction offers confidence that the teachings of the Bible continue to provide guidance, comfort, and moral direction across every generation. Its message encourages consistency, faith, compassion, integrity, and hope in daily life. Whether facing personal challenges or navigating an ever-changing world, many believers find lasting strength in the conviction that God's enduring word continues to illuminate the path toward wisdom, purpose, and faithful living.
Forget the metros, India's solar boom has a new address
Tier-II and tier-III cities are leading India's rooftop solar adoption significantly. The Pradhan Mantri Surya Ghar scheme is driving this widespread adoption across the nation. Over 36 lakh rooftop solar systems have been installed, benefiting many households. Gujarat, Maharashtra, and Uttar Pradesh are the leading states in solar installations. The focus is now shifting towards urban areas and low-income households.
Aditya Birla Group proposes Rs 12,000 crore Odisha alumina refinery expansion
Aditya Birla Group plans a significant Rs 12,000 crore investment for its Odisha alumina refinery. This expansion will triple the refinery's production capacity to three million tonnes annually. The project aims to boost India's aluminium value chain and create substantial local employment opportunities. Hindalco Industries, the group's flagship, reported strong financial results for the recent fiscal year. This investment will support rising domestic demand and reinforce Odisha's industrial hub status.
An alleged data breach at Tata Electronics is under examination by the IT Ministry. Reports suggest sensitive iPhone 18 Pro model data was exposed on the dark web. The Indian Computer Emergency Response Team is also investigating the security incident. Both Tata Electronics and Apple are reportedly satisfied with no significant commercial losses. The IT Secretary confirmed the ongoing study of the situation.
Bought a car worth over 10 lakh? Here's how to claim your 1% TCS refund
If you have bought a car worth more than 10 lakh, you would have paid a TCS of 1% to the dealer. This is not an additional tax but a tax credit that can be adjusted against your total income tax liability or claimed as a refund while filing the ITR.
Best Portuguese proverb of the day: A Portuguese proverb teaches that wanting everything leads to losing it all. Excessive greed and impatience can cause people to lose what truly matters. This saying remains relevant in today's fast-paced world, encouraging balance. Setting clear priorities and practicing gratitude are essential life lessons. True success comes from appreciating the present and choosing what matters.
Volkswagen CEO threatens 50,000 more job cuts in memo to staff
Volkswagen's CEO indicated potential for 50,000 more job cuts. This move aims to match competitor cost structures. The company already agreed to 50,000 reductions across its group. A 20% cost disadvantage necessitates further efficiency measures. Adjustments are being assessed across all brands and regions.
BikeWo Green Tech inks pact with Kwik Flite Support to develop integrated air cargo
The companies will jointly explore pilot air cargo operations, assess commercial opportunities, and develop scalable models for high-value, time-sensitive logistics
