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Hormuz vessel crossings fall further as security concerns linger
The ongoing security issues have caused a notable drop in vessel traffic in the Strait of Hormuz, with just three commodity vessels transiting on Tuesday compared to more the previous day. In a related development, two oil tankers re-routed through the Red Sea following threats from the Iran-aligned Houthis of Yemen.
46 KCP-PWG cadres surrender in Manipur, lays down sophisticated weapons
Around 46 active cadres of the proscribed Kangleipak Communist Party (People's War Group) surrendered to the Manipur Chief Minister Y. Khemchand Singh, at the Mantripukhri Garrison, HQ Assam Rifles (South) in the Imphal East district
Marie-France van Heel, wife of Prime Minister Andy Burnham, has a notable career. She met Burnham at Cambridge and worked in marketing for major companies and was the 'coolest' girl in college. Van Heel also underwent a preventative double mastectomy due to family history. She helped design her husband's campaign logo and even worked with Sky Digital and MTV Europe.
Cockroach Janta Party (CJP) national spokesperson Ashutosh Ranka said the party's protest would intensify if the Centre did not accept its demands. Speaking to ANI, he claimed the July 20 march was just a trailer, reiterated the demand that no FIRs be lodged against protesters, and said the leadership was prepared to face arrest under the UAPA and NSA.
Kanhaiya Kumar detained by Delhi Police during Congress protest near PM Modi's residence
Panshul Bansal, a NEET-UG 2026 re-examination topper, stayed home and studied. He secured All India Rank 2 with a 99.9999 percentile. Bansal viewed the exam cancellation as an opportunity to improve his performance. He questioned the utility of attending protests over studying. His decision contrasts with ongoing nationwide demonstrations and demands.
Today's Quote of the Day by Miguel de Cervantes reminds us that remarkable achievements begin long before successthey begin with the courage to try. His timeless words, In order to attain the impossible, one must attempt the impossible, encourage us to move beyond fear, embrace uncertainty, and take meaningful action. More than four centuries later, this inspiring message continues to resonate with entrepreneurs, students, leaders, artists, and anyone determined to turn an ambitious dream into reality.
Bill to amend corporate laws is now expected to be taken up in the Winter Session
Uddhav Thackeray joins Jantar Mantar protest, questions Modi govt's action against students
Arunachal publishes draft electoral roll, opens claims and objections window
Arunachal Pradesh's Chief Electoral Officer released the draft electoral roll for the 2026 revision. Over 7.18 lakh electors submitted forms, showing strong public engagement in the process. The period for claims and objections will run from July 21 to August 20. Young citizens turning eighteen by July 1, 2026, are encouraged to register. Political parties were briefed on the revision findings and procedures.
Dealer sold Tata Motors demo car as new; court orders Rs 9 lakh payout to customer
The National Consumer Disputes Redressal Commission absolved Tata Motors of liability. A buyer purchased a demo car sold as brand new by Hind Motors. The district commission initially ruled only against the dealer for a refund. The state commission wrongly held Tata Motors jointly liable for the dealer's actions. The NCDRC restored the district commission's order and full compensation against the dealer.
Protests in New York, San Jose in support of Sonam Wangchuk
Activists demonstrated in New York and San Jose supporting Sonam Wangchuk's hunger strike. Protests occurred in London and Dublin, demanding fair treatment for students. The group urged the Indian government to address exam irregularities and student concerns.
Akhilesh Yadav seen inside police bus after detention during Lok Kalyan Marg protest
India weighs letting airport owners run airlines to curb duopoly
The proposal could potentially clear a path for the Adani Group and GMR Airports to have their own carriers
Vijay-led TVK demands NEET abolition, says states should control medical education
Tamilaga Vettri Kazhagam demands complete abolition of the National Eligibility-cum-Entrance Test. The party advocates for shifting education to the State List for full control. This move aims to provide a lasting solution to the medical entrance examination issue. The party also criticized others for appropriating its campaign ideas. Student protests over NEET in Delhi occurred amid these political statements.
A passenger window shattered on a Ryanair flight from Greece to Germany. The man was partially sucked out, but his wife and others pulled him back. He sustained injuries and is receiving hospital treatment after the terrifying incident. The aircraft returned to Thessaloniki shortly after takeoff due to the window issue. Passengers were later transferred to a replacement aircraft to continue their journey.
US ends 11th consecutive night of airstrikes on Iran
US military assets struck Iranian operations centers and military infrastructure. These strikes aimed to degrade Iran's ability to threaten commercial shipping. Iran has attacked over thirty commercial vessels in the Strait of Hormuz recently. Thousands have been killed and millions displaced by the ongoing conflict. US troop deaths have now risen to eighteen in recent days.
CKYC number explained: How this 14-digit ID eases opening bank and financial accounts
CKYC number is a 14-digit identifier that simplifies KYC verification for banks and financial institutions. Here's how CKYC works, its benefits, ways to find your number and why it helps make financial transactions faster and safer.
Food lasts 2 hours. The bill lasts years: Bengaluru CA's reality check on expensive weddings
Bengaluru CA Meenal Goel urged couples not to overspend on lavish weddings to impress relatives, arguing that Rs 20 lakh can disappear in less than 48 hours while its financial impact lasts for years. She broke down typical wedding expenses and suggested balancing spending by allocating only 35% to the wedding, with the rest going towards investments, a home and an emergency fund. Her message: build a marriage, not just a wedding.
India weighs letting airport owners Adani, GMR run own airlines to curb duopoly
India is discussing a policy shift to permit airport operators to own airlines. This change could allow Adani Group and GMR Airports to establish their own carriers. Current rules restrict airport operators' airline ownership stakes significantly. The move aims to increase competition against dominant carriers like IndiGo and Air India.
US House passes stopgap funding bill to avert shutdown before midterms
The House approved a bill funding the federal government until December fourth. This action aims to prevent a shutdown before the midterm elections. House Republicans are pushing this measure to avoid voter dissatisfaction. Democrats largely opposed the stopgap bill, citing a lack of negotiation. The Senate must now consider the funding legislation for approval.
School Holiday: Heavy rainfall alerts are in effect for Thane and Palghar districts. Mumbai is under a yellow alert, anticipating isolated heavy rain showers. Authorities have not announced any city-wide school closures at this time. However, district officials can decide on closures if conditions worsen locally. Schools and colleges across the affected regions are currently operating as usual.
Why 'playing it safe' with your money could be your biggest financial mistake, according to a CA
CA Nitin Kaushik warned that keeping long-term money in low-yield savings accounts can quietly erode wealth because inflation outpaces returns. Citing the Rule of 72, he said money earning 3% takes about 24 years to double, while a 10% return cuts that to 7.2 years. According to Kaushik, relying on safe low-return accounts may be riskier than investing in growth-oriented assets for long-term financial security.
Soccer scores big as 63 million Americans watch FIFA World Cup final
Spain's World Cup victory drew nearly sixty-three million viewers in the United States. This viewership shattered previous records and underscored soccer's increasing popularity. Knockout-stage matches also outperformed major American sports championship games. Broadcasters benefited from new hydration breaks, creating additional advertising opportunities. These record numbers mark a significant milestone for the sport in America.
Ignoring a crypto tax notice can lead to reassessment, penalties or even prosecution in some cases. Timely reconciliation of records and responding within the prescribed deadline can help investors avoid unnecessary tax disputes.
France has banned children under fifteen from using social media platforms. This new legislation also prohibits mobile phones within French high schools. The government aims to protect young minds from harmful digital content and its effects. Several families have pursued legal action against TikTok over teen suicides. Other European nations are also considering similar restrictions for younger users.
Jaishankar flags supply chain risks, calls for deeper India-ASEAN cooperation
Delhi, Noida, Gurgaon weather today: Delhi, Noida, and Gurgaon anticipate cloudy skies and moderate rainfall on Wednesday. Light rain and drizzle are expected to continue for several days. Gurgaon faces a heavy rainfall warning for Wednesday, with conditions improving later. Noida expects intermittent rain and thundershowers through Thursday. Ghaziabad also has a heavy rainfall warning for Wednesday.
Cockroach Janta Party claims WhatsApp blocked spokesperson Saurav Das' account, seeks explanation
Cockroach Janta Party chief Saurav Das reported his WhatsApp account was blocked. He questioned the messaging platform on X about the action. Das asked WhatsApp to explain the reason for the block. The messaging platform has not yet responded to the spokesperson's claim. No official reason for the reported account block has been disclosed.
As truce stalls, Israel is redrawing Gaza with a giant earthen barrier
Israel is building a large earthen barrier across Gaza. This barrier separates areas controlled by Israeli forces from other regions. Satellite images show over twenty-three kilometers of this barrier have been constructed. The barrier aims to prevent infiltration and protect Israeli troops. Palestinians fear this barrier is becoming a permanent border.
NaBFID zero-coupon bonds explained: Investment size, returns, maturity, tax rules to know
NaBFIDs 20,000 crore zero-coupon bonds offer investors a 10-year fixed-income option with no regular interest payouts. Here are the issue price, maturity value, expected returns, taxation rules and key factors to consider before investing in these infrastructure-focused bonds.
Jaishankar calls for deeper India-ASEAN cooperation amid global uncertainty
External Affairs Minister S Jaishankar highlighted global security concerns at the ASEAN Post-Ministerial Conference. He stressed that energy, food, and health security can no longer be taken for granted. Maritime trade's importance was underlined, with 2026 being the ASEAN-India year of maritime cooperation. Both India and ASEAN are optimistic about their future prospects and deeper cooperation. The agenda covers trade, mobility, technology, sustainability, and connectivity for de-risking.
South Indian films are arriving on OTT platforms this week with diverse genres. Tovino Thomas' period action drama Pallichattambi premieres on SonyLIV. Arjun Das and Anna Ben star in the crime comedy Con City on Netflix. Mystery thrillers and dark comedies also feature in the new releases. Audiences have many options across various streaming services. Read on to know more about the upcoming releases on OTT this week.
Quote of the Day by Haruki Murakami: Haruki Murakami's unforgettable quote, And once the storm is over, you won't remember how you made it through, captures one of life's deepest truths: hardship changes us in ways we rarely understand while we are living through it. The quote is not only about surviving difficult times but also about personal transformation.
'Iran havent seen anything yet...': Trump warns of imminent strike on Pickaxe mountain nuclear site
Venezuela's Maduro, US propose June 2027 start for drug trafficking trial
Venezuelan President Nicolas Maduro and US prosecutors proposed a June 2027 trial date. This joint proposal came ahead of a scheduled court hearing in Manhattan. Maduro and his wife Cilia Flores face drug trafficking charges in the United States. They were captured by US Special Forces in Caracas during a January raid. Both have pleaded not guilty to the charges brought against them.
Trump administration to send Saudi nuclear pact to Congress, sources say
The Trump administration will submit a nuclear technology pact to Congress soon. This agreement with Saudi Arabia does not include specific safeguards. U.S. Energy Secretary Chris Wright and Saudi Minister Abdulaziz bin Salman signed it. They had previously signed a preliminary understanding last year. Congress will review this pact for nuclear cooperation between the nations.
8th Pay Commission talks gain momentum as fitment factor hinges on fiscal realities
8th Pay Commission: Fitment factor remains the biggest concern for central government employees and pensioners. Final recommendations are expected by mid-2027, and fiscal sustainability will influence revisions to salaries and pensions.
Pakistan seeks $10 billion US stabilization facility to shore up reserves
Pakistan has requested a ten billion dollar exchange stabilization facility from the United States. This loan aims to bolster foreign exchange reserves and ease pressure on the Pakistani rupee. The request follows Pakistan's diplomatic efforts in brokering talks over the Iran war. This facility would reduce reliance on multilateral financing and IMF programs. It also seeks to deepen bilateral economic cooperation and attract U.S. investment.
China backs Indias BRICS chairship, seeks stronger bilateral ties
China's ambassador urged translating leadership discussions into concrete actions and improving bilateral relations. Beijing also offered support for India's BRICS Chairship and promoting the grouping's growth. Exchanges in various fields have gradually resumed, and border peace is generally maintained. China's defense attach called for greater military communication and cooperation between the two nations. Both sides are engaged in constructive discussions towards gradual normalization of ties.
Fresh US-Iran strikes overshadow Pakistan's bid to revive collapsed ceasefire
Tensions between the United States and Iran intensified over the Strait of Hormuz. Pakistan's diplomatic efforts to revive a ceasefire deal faced significant challenges. U.S. President Donald Trump expressed no interest in immediate talks with Iran. Iran-backed rebels opened a new front in the Red Sea, impacting oil supplies. Both nations targeted civilian infrastructure, raising global energy prices.
US Iran war bill climbs to $37.5 billion as Hegseth seeks urgent funding
The United States' war in Iran has reached $37.5 billion in costs. Defense Secretary Pete Hegseth sought urgent funding from skeptical lawmakers. This conflict strains the Pentagon's budget and risks military personnel matters. A fragile ceasefire collapsed, leading to daily strikes and troop casualties. President Trump threatens escalation and new targets in the ongoing conflict.
Trump announces new generic drugs tariff plan: No tariffs for 2 years, then 100%, and then 200%
For Indian exporters, the two-year tariff-free period offers additional time to reassess supply chains and investment plans. While the immediate impact on exports is likely to be limited, the proposed escalation to 100% and eventually 200% tariffs could significantly alter the economics of supplying generic medicines to the US if manufacturers do not establish a stronger local production footprint.
Renewed conflict in West Asia is significantly disrupting India's exports, with exporters facing container shortages and limited vessel availability. Sea freight rates have surged sharply, doubling or even tripling on several routes. Congestion at key Indian ports, including Mundra and JNPT, has further worsened shipping delays. The disruption has increased logistics costs and delayed critical export shipments for businesses.
The Oil Ministry is working on a proposal to compensate state-run oil marketing companies for losses incurred from selling fuel below market rates during the AprilJune quarter. Hopes of recovering these losses have diminished as crude oil prices have risen again. The government now faces a difficult decision on compensation amid uncollected taxes. Inter-ministerial discussions are expected to take several weeks or even months before a final decision is reached.
'I'm deeply troubled': Sen. Susan Collins questions Hegseth over purge of senior military officers
'Stop bombing our children': Furious protesters repeatedly heckle Pete Hegseth during Senate hearing
Diet does not equal to doom. In an old interview from 2015, actress Karisma Kapoor was seen sharing how she lost 25 kgs without starving herself in a chat with celebrated dietician Rujuta Diwekar.
Japanese proverb of the day highlights the message, Depend on your walking stick, not on other people. This traditional Japanese saying teaches self-reliance, independence, responsibility and resilience. It encourages people to trust their own abilities instead of depending on others for every challenge. The proverb and Japanese mindset remains relevant because it reminds individuals to build confidence, make decisions independently and prepare themselves to face life's changing situations.
Popular YouTuber MrBeast, whose real name is Jimmy Donaldson, has married his longtime girlfriend, Thea Booysen. The couple celebrated their wedding with a week-long event at a private island resort, where guests enjoyed activities such as kitesurfing and snorkelling before the ceremony. MrBeast later shared photos from the wedding, describing it as he best day of my life. The couple first met in 2022 and have now begun a new chapter together as husband and wife.
New trade pact a win-win for India and U.K.
The CETA can reshape trade and investment flows, create quality jobs and growth, and transition India to a more competitive and innovation-driven economy
KKR-backed Serentica Renewables lands massive $1.19B despite project delays and debt refinancing
Serentica Renewables has secured over $1.19 billion across three financing transactions. This funding will accelerate capacity expansion and support delayed renewable energy projects. A $345 million loan comes from the Asian Development Bank and other lenders. MUFG underwrote a $397 million green term loan now being syndicated. The company aims to supply over 50 billion units of clean energy annually.
ICMR licenses cancer, vaccine technologies to Emcure, Biological E
The Indian Council of Medical Research has licensed three new biomedical technologies. These innovations aim to advance cancer treatment and infectious disease protection. One drug candidate targets precancerous cervical cells, offering a safer treatment option. Two vaccine candidates will combat major bacterial gut infections. This initiative promotes government research into practical healthcare products.
African Proverb of the Day highlights the meaning of He who does not look ahead always remains behind. The saying emphasizes the importance of foresight, planning, and preparing for the future instead of focusing only on the present. It reminds us that progress comes from setting goals, anticipating challenges, and making thoughtful decisions today that create better opportunities tomorrow. Those who develop a long-term vision are more likely to adapt, grow, and move forward, while those who fail to plan risk falling behind.
Quote of the Day by John D. Rockefeller: John D. Rockefeller's famous observation, I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature, highlights the extraordinary power of persistence. The quote reminds us that talent, intelligence, and opportunity matter, but perseverance is often the deciding factor between temporary effort and lasting achievement.
Absolut vodka maker Pernod Ricard withdraws plea against $314 mn India tax demand
French firm Pernod Ricard has withdrawn its court challenge against India's tax demand. The company faced a $314 million demand for undervaluing Scotch whisky imports. This dispute is the largest tax issue for Pernod in India. Pernod argued India did not provide sufficient investigation data during its probe. The company is also involved in other legal battles regarding liquor policy violations.
Life lesson by Barack Obama: Barack Obama's quote stressed that work should not overshadow family needs and emergencies. He advocated for workplace policies that support parents caring for sick children. Fathers, like mothers, deserve time off without facing financial hardship or judgment.
Fertiliser vessels stuck at ports, raise supply fears for peak kharif sowing
Fertiliser vessels are stranded at Indian ports, hindering crop nutrient supplies. Sowing has accelerated after rainfall revival, increasing demand for timely distribution. Port congestion and supply chain issues are delaying crucial fertiliser dispatches. West Asia crisis and rerouting of vessels contribute to these significant delays. Industry executives express concerns over potential disruptions to the kharif sowing season.
Rahul Gandhi takes protest to PM Modi's door, detained
Rahul Gandhi, accompanied by Congress MPs, staged a three-hour surprise protest outside Prime Minister Narendra Modi's residence over the paper leak issue before being detained and later released. Akhilesh Yadav and Supriya Sule also joined the dharna and were detained.
Certus Capital invests Rs 275 crore in Gurgaon residential project
Certus Capital has invested 275 crore in a Gurgaon low-rise residential project. This marks their second investment in the National Capital Region this year. The real estate private credit platform has deployed capital across several Indian cities. Certus Capital focuses on low-supply residential segments with strong end-user demand. The firm holds licenses as an Alternative Investment Fund and NBFC.
PM Modi assures youth, vows crackdown on exam paper leaks
Briefing reporters, Parliamentary Affairs Minister Kiren Rijiju said Modi told NDA MPs that the government had acted swiftly after reports of the leak surfaced, arresting 13 accused while ensuring students did not suffer by holding the NEET re-examination without delay and declaring the results promptly.
Statehood key to restoring J&K's special status: CM Omar Abdullah
Jammu and Kashmir Chief Minister Omar Abdullah stated statehood is essential for special status. He emphasized the National Conference will press the central government on this promise. Abdullah expressed no expectation of restoration from the current BJP government. He argued that power sharing is impossible without statehood and a state list. The party's resolution on special status remains active and awaits statehood.
Glenmark sees innovative products driving 70% revenue in 5-6 years: CMD Glenn Saldanha
Glenmark anticipates innovative products will drive nearly seventy percent of its revenue. This strategic shift moves the company away from its traditional generics-led model. The company is developing next-generation products targeting oncology and other complex diseases. Glenmark aims to become a global powerhouse in oncology within ten years. Artificial intelligence will significantly accelerate drug discovery and development processes.
Economics of plastic notes: Why RBI is considering polymer banknotes
India's currency printing arm is exploring polymer banknotes for future use. These notes offer enhanced durability and security features for the nation. The country destroys billions of worn-out notes annually due to extensive use. Counterfeit currency, particularly Rs 500 notes, remains a significant concern for authorities. Polymer banknotes could help India combat these persistent issues effectively.
Supreme Court scraps Kerala High Court order on Waqf Board's supervision
The Supreme Court removed a Kerala High Court order. This order had placed the Kerala Waqf Board under joint secretary supervision. The Court allowed the joint secretary to remain a board member. However, the supervisory role was explicitly deleted by the bench. The High Court was directed to decide the matter expeditiously.
Inside IndiGo's succession plan: Rahul Bhatia prepares son Madhav for future leadership
Rahul Bhatia has begun grooming his son Madhav Bhatia for a future leadership role at IndiGo, exposing him to executive meetings and mentoring under InterGlobe Enterprises CEO Aditya Pande. The move comes amid leadership changes and increased promoter oversight following last year's operational disruptions, as India's largest airline prepares for its next phase of global expansion.
Parliamentary panel seeks compliance data on disability quota in government jobs
A parliamentary panel is examining the implementation of mandatory 4% job reservation for differently-abled persons. Detailed data on employee representation and unfilled vacancies has been requested from ministries. The committee wants to assess compliance with the Rights of Persons with Disabilities Act, 2016. Systemic gaps and administrative bottlenecks have historically delayed full execution of the policy. This inquiry addresses persistent concerns over statutory non-compliance and backlog vacancies.
UN climate chief Simon Stiell lauds Indias renewable push
UN climate chief Simon Stiell is visiting India to understand its energy transition progress. He met with ministers and business leaders to discuss climate agenda items. Preparations and expectations for COP31 were also a key topic of discussion. India's participation in recent climate negotiations has been limited due to austerity measures. Future informal meetings will likely see similar arrangements for Indian representation.
Geopolitics biggest threat to FMCG: Wipro Consumer MD Kumar Chander
Geopolitical tensions and rising crude oil prices are the primary concerns for India's consumer goods sector. Demand is improving, supported by quick commerce and premiumization trends in urban areas. Rural demand has also strengthened over the past six to nine months. Wipro Consumer acquired S Brands, expanding its Southeast Asian presence significantly. Input costs remain elevated, impacting margins despite some easing from recent peaks.
Quote of the day by Justin Bieber reminds people that talent alone cannot earn approval from everyone. The message explains the value of resilience, self-acceptance and moving forward despite criticism. It encourages people to stop depending on external validation and continue working towards their goals. The quote also reflects Justin Bieber's own experiences as a global music star who faced public attention, criticism and success throughout his career.
Shilpa Shetty-backed Bastian Hospitality in talks to raise capital for India, overseas expansion
Bastian Hospitality is raising capital from investors for expansion plans. The fine-dining chain aims to sell a minority stake to support growth. They plan to diversify into bars, cafes, and social spaces. Bastian targets revenue of one thousand crore rupees by FY27. The company is also exploring international market opportunities.
FCNR(B): Data show banks have raised $20.7 bn under scheme; $10 bn more may flow in
The optimism follows RBI's disclosure that banks have collectively garnered $20.7 billion under its special incentive window, a pace that has already eased earlier concerns the scheme was struggling for traction. Of the total, FCNR(B) deposits accounted for the largest share at $17.4 billion, mobilised within six weeks of the scheme becoming operational. This was followed by overseas foreign currency borrowings (OFCBs) at $2 billion and external commercial borrowings (ECBs) at $1.3 billion.
Ratings blackout may cast a shadow over brands' TV ad spends
A prolonged suspension of BARC television ratings could disrupt festive-season advertising, with marketers warning that reality shows such as Kaun Banega Crorepati, Bigg Boss and India Ke Top 1% may be the worst affected.
FSSAI cracks down on misleading 'healthy food' claims, tightens noose on brands
India's food regulator is targeting deceptive health claims made by beverage and food companies. Approximately eighty-five percent of digital advertisements fail to meet advertising standards. Brands are revising labels and packaging after receiving notices from the FSSAI. The health food market is expanding rapidly, attracting significant venture capital funding. Experts suggest clearer standards will encourage genuine product innovation and development.
Competition regulator dismisses case against Jindal Stainless over deals with Indonesian suppliers
The Competition Commission of India dismissed a case against Jindal Stainless. No evidence showed procurement arrangements violated antitrust rules. The complaint alleged exclusive deals with Indonesian suppliers for crucial inputs. The commission found no proof of restricted access for competitors. Jindal Stainless's dealership program was deemed voluntary by the regulator.
Quote of the Day by Shakira: Shakiras quote, Theres no better makeup than self-confidence, explores the importance of self-belief, inner beauty, and personal confidence. The quote suggests that while makeup can enhance physical appearance, genuine self-confidence creates a lasting impression by reflecting authenticity, strength, and self-acceptance. It reminds us that true beauty comes from believing in ourselves, embracing our individuality, and carrying ourselves with confidence rather than relying solely on outward appearance.
Jana SFB reports 169-crore gap in FY25 gross NPAs
Jana Small Finance Bank disclosed a 169 crore divergence in gross non-performing assets. The bank's reported GNPAs were lower than the Reserve Bank of India's assessment. This divergence led to an additional 42 crore provisioning for the bank. Consequently, the bank's net profit for the fiscal year was reduced. The RBI audit identified under-reported NPAs, necessitating corrections by banks.
Banks lure NRIs with high-return FCNR(B) deposits, warn of leverage risks
Banks are attracting NRI dollar deposits through RBI's FCNR(B) window. These deposits offer projected returns of thirteen to sixteen percent. Customers can borrow multiple times their capital to amplify these dollar yields. However, early redemption carries substantial penalties and lender control over pledged funds. Investors face liquidity constraints and regulatory risks with these leveraged products.
Subsidy deadline may be extended for electric-two-wheelers; PM E-Drive scheme needs more funds
The Ministry of Heavy Industries is considering extending subsidies for domestically manufactured electric two-wheelers beyond the current July 31 deadline, although this would require additional budgetary support as the 10,900-crore PM E-Drive scheme has already committed all its allocated funds. The subsidy is expected to remain at around 5,000 per vehicle.
Japanese mindset of the day: Time consistently moves forward, urging us to act now. We often delay important goals, waiting for ideal conditions to appear. Taking small steps today holds more value than prolonged waiting. Money and mistakes can be recovered, but lost time cannot. This proverb encourages making the most of our present moments.
'Redevelopment agreement not a property receipt, so not taxable': ITAT
Mumbai ITAT ruled agreement registration does not mean property receipt. Tax cannot be levied on future property rights under anti-abuse provisions. The tribunal allowed a taxpayer's appeal against a 1.38 crore tax addition. Registration creates contractual rights, not actual property possession or receipt. This decision clarifies tax treatment for ongoing redevelopment projects in Mumbai.
The Leo Season Horoscope reminds us that confidence often grows after periods of uncertainty. Whether your challenges involved relationships, finances, or self-belief, this season encourages taking positive action instead of dwelling on past disappointments.
'Airtel Fast Lane ssers seeing faster download speeds, lower latency'
An independent analysis found Bharti Airtel's Fast Lane plan provided faster speeds to some users. This feature offered prioritized access to premium postpaid subscribers. The findings have reopened discussions on network neutrality principles. Experts suggest this prioritization could impact standard user service quality. Spectrum is finite, and network slicing raises concerns about baseline performance.
Suits & Sayings: Early Pack Up
ETs roundup of the wackiest whispers in corporate corridors.
House panel seeks periodic review of competition law framework, cites repeated violations of rules
A parliamentary panel recommended reviewing competition law for the digital sector. It called for vigorous enforcement of monetary penalty guidelines by the CCI. The panel also stressed a transparent methodology for calculating penalty amounts. Adequate protection for small businesses from monopolies was also suggested. Enhanced cooperation between the CCI and other regulators was emphasized.
Quote of the Day by Emil Cioran: Emil Cioran's famous quote, To possess a high degree of consciousness, to be always aware of yourself in relation to the world, to live in the permanent tension of knowledge, means to be lost for life. Knowledge is the plague of life, and consciousness, an open wound in its heart, explores the emotional weight of constant self-awareness. First published in his 1934 book On the Heights of Despair, the quote reflects Cioran's belief that excessive consciousness can distance people from peace and simple happiness.
'Maam, are you a white supremacist?': Rep. Gill confronts Smithsonian Director at House hearing
Scientists conducted an ocean alkalinity enhancement experiment in the Gulf of Maine. Diluted lye was released to increase the ocean's carbon dioxide absorption capacity. Bright pink dye helped track the treated seawater's movement and dispersion. This trial aimed to gather real-world data on the carbon removal strategy. The experiment sought to validate models and improve monitoring techniques safely.
LIVE: Senate grills Hegseth & Gen. Caine; Lawmakers demand answers on Iran war strategy and funding
French Proverb of the Day: Life's greatest lessons often come from experiencing consequences and making mistakes. The French proverb All the roads of excess lead to the palace of wisdom reflects this truth. It suggests that pushing boundaries and facing challenges ultimately fosters personal growth and understanding. This timeless wisdom encourages reflection and learning from every setback encountered. Ultimately, maturity is built through lessons learned along life's journey.
