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A Chennai taxpayer faced a 1.92 lakh penalty after her tax consultant made errors in the ITR filing. ITAT Chennai waived the penalty, ruling that a genuine mistake by a tax professional cannot be treated as misreporting of income under Section 270A.
Samsung's Galaxy Z Fold8 series tops 2.7 lakh pre-orders, eyes S26-level demand
Samsung's latest foldable phones have achieved a new pre-order record in India. The Galaxy Z Fold8 series and Flip8 surpassed 2.7 lakh pre-orders within three days. Demand from tier-2 cities and beyond shows growing interest in premium foldable devices. Samsung expects these new foldables to match its S26 lineup pre-order numbers.
A chef from Bengaluru recently took to Instagram and revealed how she prepares simple, nutritious meals for engineers in Bengaluru. She explained why the goal was to prepare high protein meals, she also had to ensure they were not carb heavy.
Six in ten Indian companies believe AI to play a significant role: PWC
Indian manufacturers anticipate artificial intelligence significantly aiding strategic goals within five years. This optimism surpasses global counterparts regarding productivity and long-term growth potential. Automation adoption is led by data capture and analytics, followed by quality assurance. However, India lags in developing homegrown manufacturing capabilities and faces an MSME technology gap. Coherent integration of manufacturing capabilities will distinguish the Indian economy's future.
RCF, Gail enter into MoU for 1.27 MTPA urea plant in Maharashtra
Plant to be established jointly through a Special Purpose Vehicle (SPV)
Chinese Proverb of the Day highlights the meaning of Make happy those who are near, and those who are far will come. The saying emphasizes the importance of treating the people closest to us with kindness, respect, and genuine care. It suggests that when we build strong relationships and create a welcoming environment, our good reputation naturally spreads beyond our immediate circle. As a result, new friendships, opportunities, and meaningful connections are drawn to us.
Word of the Day: Susurrus Meaning, origin and how to use it
The English language continuously evolves with new and resurfacing words. Today's featured word is 'susurrus', a soft whispering or rustling sound. This word, originating from Latin, describes gentle noises like wind in leaves. Writers often use 'susurrus' for its vivid and musical descriptive quality. It is a poetic term, frequently found in nature writing and literature.
BlueStone, SafeGold launch platform to convert household gold into digital gold, earn annual returns
SafeGold and BlueStone have partnered to convert idle physical gold into digital assets. Consumers can now lease their digital gold and earn annual yields of four percent. This initiative aims to mobilize India's vast household gold reserves effectively. The partnership will help reduce the nation's dependence on gold imports. Customers can deposit old gold jewelry or coins at BlueStone stores for conversion.
India's mobile phone exports have surged significantly over the past decade. A new bill passed in Lok Sabha aims to prevent exam paper leaks. The Rajya Sabha approved a bill criminalizing disrespect towards the national song Vande Mataram. International news includes FIFA's private equity plans and BMW's job cuts. Vaibhav Sooryavanshi and Shubman Gill achieved career milestones in cricket rankings.
Diet Coke shortage a wonderful problem; India lost share but an attractive market: Coca-Cola
The CFO of Coca-Cola pointed out the Diet Coke shortage in India as a promising sign of consumer demand, even while facing the pressures of rising costs for aluminium and packaging materials, which have affected their supplies and pricing. Although the beverage giant experienced a loss in market share in the second quarter, India continues to be a key focus for future investments amid growing competition within the beverage industry.
Why does RBI seem to believe that rupee is undervalued? | Explained
The remark came at a time when the rupee had weakened against the U.S. dollar amid global uncertainties, including elevated crude oil prices, geopolitical tensions and capital outflows from emerging markets.
Farmer denied Central govt subsidy: A Kerala consumer commission has ordered Federal Bank to pay Rs 1.76 lakh to a dairy farmer from Kannur after ruling that the bank's failure to properly file his NABARD subsidy claim on time cost him a benefit he was fully entitled to. The court held the bank's procedural lapses amounted to deficiency in service.
Jurassic Sharks Sharks Week: Shark Week 2026 is taking viewers back to the age of prehistoric predators with Jurassic Sharks. 'Shark Week' 2026 is available to watch live on the Discovery Channel. If you don't have a cable subscription or who cannot catch the episodes live, Shark Week is available to stream on both Discovery+ and HBO Max
India retains global dairy lead as milk output rises
Cows milk production is forecast to rise to 105.4 million tonnes this year from 103.2 million tonnes in 2025, says USDA
Our time on earth is finite and it can come to an end at any time. Old German proverb reminds us that life is too short to obsess over negativity and teaches us to focus on positive experiences and practise gratitude for what we have been blessed with.
Cochin Shipyard launches anti-submarine warfare ship for Indian Navy
The ASW SWC ships are designed to undertake anti-submarine operations in coastal waters, low intensity maritime mine laying operations
Archaeologists in France just pulled out over 40,000 ancient coins from three clay pots hidden under someone's living room floor. And the strangest part isn't the money. It's why it was buried where it was so easy to reach.
The Lok Sabha approved the Public Examination (Prevention of Unfair Means) Amendment Bill, 2026. This bill introduces significantly harsher punishments and financial penalties for examination fraud. It also establishes a fast-track judicial mechanism for swift case resolution. Investigations must now conclude within a strict two-month period. The amended law aims to deter widespread paper leaks and ensure examination integrity.
Would your family know how to access your wealth in an emergency?
A single, regularly updated financial master sheet can organize scattered accounts, key legal documents, and vital contacts before a crisis hits.
Quote of the day by Zohran Mamdani is far more than a statement about survival. It is a reminder that food supports health, education, economic opportunity, cultural traditions, and human dignity. It encourages appreciation for those who grow, prepare, transport, and serve the meals that sustain daily life. Most importantly, it calls attention to the shared responsibility of creating a future where nutritious food is accessible to everyone. As the world continues facing new economic and environmental challenges, this simple yet profound truth remains unchanged: when societies protect their food systems, they protect the foundation of life itself.
BTS have announced that they will not submit their music for consideration at the 2027 Grammy Awards, despite the massive success of their comeback album Arirang. In a statement shared by all seven members, the group said they hope music is appreciated for what it is rather than being divided by region or language. The decision comes shortly after the Recording Academy introduced the new Best Asian Pop Music Performance category, leading to widespread discussion among fans about the timing of BTS' move.
What's in a name? Publicis challenges India antitrust probe over brand-versus-entity jumble
France's Publicis has filed a court challenge against India's antitrust regulator. The company argues the Competition Commission of India wrongly named its global brand. This dispute has effectively delayed the antitrust investigation into advertising rates and discounts. The broader case could reshape how advertising is priced and sold in India. The watchdog's lawyer indicated they might consider adding the Indian unit to the case.
India's mobile phone exports jump 165-fold in a decade to 2.59 lakh crore: Govt
On memory chip manufacturing, the minister said two companies are currently producing memory chips in India
West Bengal cracks down on illegal saw mills, closures begin across districts
West Bengal has launched a statewide crackdown on illegally operating saw mills, beginning with closures in North 24 Parganas, as the Forest Department steps up efforts to curb illegal logging and timber smuggling.
SIPs help reduce entry-timing risk through rupee-cost averaging but cannot shield investors from valuation, liquidity, concentration or fund-selection risks. Investors should not mistake SIPs for a complete risk-management strategy.
AP ECET Seat Allotment 2026: Time, direct link and how to check your allocation in 5 steps
The Andhra Pradesh State Council of Higher Education released AP ECET 2026 Phase 1 seat allotment results on July 28. Approximately 55,960 seats are available across 240 colleges and 49 courses. Candidates can check their allotted college and branch details on the official counselling portal. Following allotment, candidates must choose to freeze, float, or slide their options.
India's mobile phone exports jump 165-fold in a decade to Rs 2.59 lakh crore: Govt
India's mobile phone exports have surged significantly over the past decade. Mobile phone production has also expanded dramatically, reflecting strong manufacturing growth. Overall electronics production and exports have seen substantial increases as well. The government is implementing policies to strengthen the semiconductor manufacturing ecosystem. These initiatives aim to build a resilient electronics sector and achieve self-reliance.
Quote of the day by Henry David Thoreau endures because it expresses a universal truth in just a few words. Beginning the day with movement, fresh air, and quiet reflection creates a positive foundation that influences everything that follows. Long before productivity experts promoted morning routines or wellness became a global trend, Thoreau understood that one peaceful walk at sunrise could transform an ordinary day into a more focused, healthier, and fulfilling one. His timeless advice reminds us that some of life's greatest blessings are also among its simplest.
Vaibhav Sooryavanshi jumps 230 spots to career-best 48th in ICC T20I rankings
Vaibhav Sooryavanshi achieved a career-best 48th rank in T20I batting. Ishan Kishan maintains the top spot in T20I batting rankings. Tilak Varma and Shreyas Iyer also advanced in the T20I batting list. Ravi Bishnoi moved up to 41st among T20I bowlers. Shubman Gill returned to the number one ODI batting position.
Author Ruskin Bond shared a past heartbreak from his youth. He recounted a Vietnamese woman rejecting his marriage proposal based on tea leaves. Bond also discussed his latest book, Laugh With Me, released this year. This new collection features humorous anecdotes from his own life experiences. The book includes stories about his adventures and observations.
'No shots fired, only tear gas used,' says Jitendra Singh in Lok Sabha
Union Minister Jitendra Singh clarified no shots were fired during a recent incident. He stated tear gas was used, and the question of issuing an order does not arise. The minister discussed penalties under the anti-paper leak law, which came into force in 2024. He mentioned increased fines and jail terms for service providers and management. Singh also addressed opposition remarks and highlighted educational advancements under the NDA government.
The evolution of mobile banking apps into financial operating systems
Mobile banking apps now serve as primary financial interfaces for millions. Consumers expect a single platform for all their financial needs. Integrated apps offer banking, investing, and wealth management services seamlessly. This shift reflects a growing demand for instant and unified financial experiences. The future of banking centers on these comprehensive digital ecosystems.
Quote of the day by Bennett Cerf remains relevant because it highlights a quality that never goes out of style. Success may earn admiration, but kindness combined with laughter earns lasting affection. People who spread joy leave a positive mark on every community they join. They remind others that even during stressful times, hope, optimism, and human connection remain possible. In the end, bringing laughter into a room is about far more than telling jokes. It is about creating an atmosphere where people feel welcome, appreciated, and free to smile. That may be one of the greatest gifts anyone can offerand perhaps one of the most enduring measures of a life well lived.
Lok Sabha passes anti-paper leak Bill to tighten exam fraud penalties
The Lok Sabha has passed an amendment to the Public Examinations Act aimed at combating examination fraud and paper leaks. This new legislation raises the minimum prison sentence for these offenses from three years to five years while upping the maximum penalty to Rs 5 crore. Furthermore, companies involved in such malpractices could face a ban lasting up to eight years.
Pavel Durov net worth: Russia's Federal Security Service has charged Telegram co-founder Pavel Durov and has accused him of facilitating terrorist activities. On Russia's wanted list, Pavel Durov's net worth is estimated at $6.6 billion, reflecting Telegram's global reach. He previously stated intentions to share his fortune with his more than 100 children, drawing attention.
Samuel Johnson once observed that pleasure is very seldom found where it is sought, suggesting that life's greatest joys often come unexpectedly. His quote encourages people to stay open to unplanned experiences instead of tying happiness solely to future goals or achievements. Johnson, an English writer, polymath and creator of the 42,733-entry Dictionary of the English Language, remains one of history's most influential literary figures, with his insights on happiness and human nature continuing to resonate today.
Key financial changes from August 1, 2026: What you need to know
Several key financial and regulatory changes will come into effect from August 1, 2026. Banks will revise credit card rewards, fees, and service charges, while some lenders, including Ujjivan Small Finance Bank, will update SMS alert charges.
Some BS-III vehicles may need rubber parts replaced for E20 fuel, says Gadkari
Older vehicles generally show no significant performance changes with E20 fuel. Some BS-III vehicles manufactured before 2016 may require minor part replacements. Extensive studies have confirmed the compatibility of vehicles with the new fuel blend. Automobile manufacturers continue to honor warranty claims for vehicles using E20. The government has implemented the E20 fuel program through a phased and scientifically validated approach.
Who are the Iran-backed militias behind Iraq's oil facility attacks?
U.S. and Saudi Arabia struck Iran-backed groups in Iraq responsible for drone attacks. These Shi'ite militias gained influence after the 2003 U.S. invasion and Iran's support. They possess substantial political and military power, rivaling the national army. Kataib Hezbollah and Asa'ib Ahl al-Haq are among the most influential factions. These groups are deeply integrated into Iraq's societal and governmental structures.
A spoonful of this daily fiber mixed into your breakfast may help reduce knee pain, new study finds
University of Nottingham scientists discovered inulin fibre may ease knee pain. This dietary fibre, found in onions and bananas, showed promising results. Participants taking inulin reported reduced pain and better daily movement. The study also noted higher adherence rates for inulin supplements. Researchers suggest a gut-muscle-pain connection warrants further investigation.
A 26-year-old woman in Bengaluru's Ramamurthy Nagar confronted a fruit seller who allegedly approached her outside her paying guest accommodation at 1.30am and asked her price, offering Rs 10,000. She recorded the encounter on her phone, posted the video online, and the accused was arrested after it went viral.
A young Chilean student has proposed a hybrid energy model for Antarctic research stations. This innovative concept combines renewable sources with a nuclear microreactor for power. The system aims to significantly reduce diesel dependence and associated carbon emissions. While not yet approved, the proposal highlights potential sustainable solutions for remote regions. Deploying such technology faces significant environmental and logistical challenges.
Quote of the day by J. Robert Oppenheimer continues to remind us that lasting progress depends not only on intelligence but also on our willingness to work together. Differences will always exist, but shared goals often outweigh shared divisions. In an increasingly interconnected world, the future will likely depend less on individual nations acting alone and more on collective efforts built upon trust, knowledge, and mutual respect. Nearly every generation encounters challenges that seem overwhelming in the moment. Yet humanity has repeatedly demonstrated resilience through innovation, compassion, and collaboration.
J. K. Rowling once shared her ecipe for happiness: first, discover what you love doing most, then find someone to pay you for it. The quote highlights the value of aligning passion with purpose rather than chasing money alone. It encourages people to pursue meaningful work that brings fulfilment. Rowling, the British author behind the best-selling Harry Potter series, overcame personal hardships, including financial struggles, before achieving global success, making her message about purpose and perseverance especially inspiring.
No fault found in fuel control switch of Air India's February 787 incident, says govt
An Air India Boeing 787-8 fuel control switch showed no abnormality after a reported defect. Pilots had noted the switch slipped and did not lock positively during a flight. Inspections confirmed the switch was mechanically functioning as designed and was serviceable. The aircraft's thrust control module is undergoing further examination at Boeing's facility. This incident prompted checks across Air India's Boeing 787 fleet.
Expecting an income tax refund this year? Filing your ITR is only half the job. Simple mistakes like an unvalidated bank account, TDS mismatch or pending tax demand can delay your refund even after the return is processed.
Import restriction on low-priced PVC resin may push domestic prices: GTRI
New import restrictions on low-priced PVC resin will affect foreign suppliers. Domestic prices for this key raw material are expected to increase significantly. India relies heavily on imports for its PVC resin needs. Domestic production capacity meets only a fraction of the country's demand. This measure will likely increase import costs without substantially reducing overall imports.
FD rates in July 2026: Small finance banks offer up to 8.10%; compare returns from 7 leading lenders
July 2026 FD rates show small finance banks offering up to 8.10% interest, ahead of leading private and public sector banks. Compare FD rates, tenures and key investment factors across seven major lenders before booking a fixed deposit to secure better returns.
Who is eligible for Delhi Lakshmi Yojana: Delhi cabinet has approved the Delhi Lakshmi Yojana, a scheme promising Rs 2,500 per month to eligible women in the capital. Registrations begin August 1 and the government aims to release the first instalment on Raksha Bandhan, August 28. The scheme targets 17 lakh women and has a budget of Rs 5,110 crore for 2026-27.
Shubman Gill regains No. 1 spot in ODI batting rankings; Vaibhav Sooryavanshi jumps in T20I charts
Shubman Gill has reclaimed the number one ODI batting ranking from Daryl Mitchell. Vaibhav Sooryavanshi jumped 230 places to reach 48th in T20I rankings. Ishan Kishan leads T20I rankings with a high rating, surpassing other Indian players. Ravi Bishnoi advanced 31 spots to 41st among T20I bowlers. Justin Greaves also made gains in Test bowler and all-rounder rankings.
Israel elections 2026: The system, the rivals, and what's at stake
Israelis are scheduled to hold a national election on October 27. Polls indicate Prime Minister Benjamin Netanyahu faces a clear defeat in this upcoming vote. His security credentials were significantly impacted by the October 7 Hamas attacks. Several rivals, including former military chief Gadi Eisenkot, are emerging as contenders. Israel's parliamentary system necessitates coalition governments, making elections complex.
Lamborghini profit slips as tariffs, Middle East conflict weigh
Lamborghini's operating profit declined over eight percent in the first half. This reflects sector-wide fragility spurred by tariffs and Middle East conflict. Revenue grew while vehicle deliveries saw a slight decrease compared to last year. Adverse exchange rates and increased U.S. tariffs impacted the company's performance. Despite market volatility, Lamborghini achieved its highest revenue in history.
With the July 31 ITR filing deadline nearing, experts warn that waiting until the last day could cost taxpayers far more than just a late filing fee. From losing tax benefits to delayed refunds and portal glitches, here's why filing early is the smarter choice.
The key issues that will shape Israel's elections
When Israel goes to the polls this year, voters will weigh in on conscription, the economy and how the state should investigate its inability to prevent Hamas's October 7, 2023 attack. - Accountability for October 7 - Many Israelis have demanded an independent state commission of inquiry into the failures that allowed Hamas's October 7, 2023 attack on Israel, which resulted in the death of more than 1,200 people.
NEET UG 2026 counselling: Check new MCC rules on seat upgrades, resignation and NRI quota
The Medical Counselling Committee has updated its online counselling procedures for medical admissions. Candidates seeking upgrades will no longer need to physically report to colleges. Seat resignations can now be completed entirely through the online MCC portal. NRI quota applicants can submit their required documents digitally for easier processing. Authorities are now required to provide clear seat and fee details to all aspirants.
India wasted 11% of solar power during record summer demand this year
India's national grid wasted significant solar power during summer months. This occurred as electricity demand reached record highs due to air conditioning use. The grid failed to absorb over 8 billion kilowatt-hours of solar energy. Curtailments were ordered to ensure reliable and secure grid operations. This situation threatens renewable energy developer earnings and the energy transition.
Gold loan NPAs may rise as NBFCs shift to monthly installments, ICRA projects market growth
Gold loan NPAs may increase as lenders shift to monthly installments. The overall gold loan market is projected to grow over thirty percent. This expansion will take the market to thirty lakh crore by March 2028. NBFCs' market share is expected to rise to twenty-three percent by 2027-28. New players and banks entering the segment support this strong growth outlook.
SML Mahindra to acquire Mahindras truck and bus business for Rs 525 crore
In a significant strategic shift, Mahindra & Mahindra plans to hand over its Truck and Bus Division to SML Mahindra for Rs 525 crore. This consolidation is designed to bring the group's commercial vehicle operations under a singular structure, promoting operational efficiency and growth. The execution of the agreement is projected by August 7, 2026, with finalization by January 31, 2027. This transfer will include assets, employees, and financial liabilities.
India's top refiner IOCL scouts stakes in gas carriers as it plans higher US imports
Indian Oil Corporation is seeking to acquire a fifty percent stake in very large gas carriers. This move prepares the company for increased liquefied petroleum gas imports from the United States. Indian state fuel retailers will increase their purchases of U.S. LPG starting from the year 2027. The company is looking for vessels that are no more than twelve years old.
Empire buys back: After Tata, Adani can rewrite India's colonial past
Adani Ports is evaluating the acquisition of a controlling stake in UK's Associated British Ports (ABP) in a deal valued at nearly $10 billion. If completed, the acquisition would rank among the biggest overseas buys by an Indian company, marking a symbolic shift in India's economic rise while strengthening Adani's global ports network and maritime logistics footprint.
Complete happiness and unconditional joy are non-existent concepts. Years earlier, iconic British author Graham Greene argued that people who are perfectly happy are often selfish, often self-centred without meaning to. He argued that like joy, melancholy is also a part of life and people should not be judged for being sad.
The General Grant Tree, located in Kings Canyon National Park, California, stands as the world's second-largest tree, over 1,600 years old. This giant sequoia was proclaimed the Nation's Christmas Tree in 1926. Later, President Eisenhower designated it a National Shrine for fallen servicemen. The accessible General Grant Loop Trail showcases this living monument and historical sites. Visitors can explore the Fallen Monarch, Gamlin Cabin, and Centennial Stump along the path.
How to make the most of flexible health benefits in employer plans
Healthcare needs aren't staticthey change with age, family responsibilities and personal circumstances. A 28-year-old navigating burnout, a 32-year-old planning a family, and a 45-year-old supporting ageing parents all need very different forms of care.
Dharmendra Pradhan's resignation superficial, RSS runs India's education ministry: Rahul Gandhi
Rahul Gandhi stated Dharmendra Pradhan's resignation was superficial as the RSS controls the education ministry. He claimed RSS influences all Indian universities and burdens poorer families significantly. Gandhi criticized the government's handling of student protests and the home minister's absence. He also dismissed the RSS's historical perspectives as nonsensical and hollow. Gandhi categorized people as students, idiots, and andhbhakts to frame his arguments.
A village cricket match saw a fielder allegedly fake a wicket with a finger snap. Footage of the incident went viral online, sparking widespread debate. Investigators are now examining the suspicious circumstances surrounding the dismissal. The wicketkeeper's unusually high catch count also raised significant questions. This unusual event has captured global attention within the cricketing community.
Demonstrating remarkable resilience, India's economy witnesses a comprehensive recovery across sectors, coupled with an increase in industrial credit. Private sector investment is perking up, fueled by proactive government policies. Indicators reflect stable or improving growth trends in different economic domains. Nonetheless, macroeconomic uncertainty looms from external elements like oil prices and seasonal monsoon rains, but these risks remain manageable, revealing a complex landscape of growth potential.
Adani Ports & SEZ Q1 profit rises 9% to 3,620 crore
Revenue from operations during the quarter rose 19 per cent to 10,821 crore, while earnings before interest, tax, depreciation and amortisation (EBITDA) increased 19 per cent to 6,541 crore
NTPC eyes Rs 17 trillion capex to nearly triple capacity by FY37
India's NTPC plans a 17 trillion rupee investment through fiscal 2037. The company aims to nearly triple its generation capacity by 2037. Renewable energy will be the primary driver of future capacity growth. NTPC also targets substantial nuclear power capacity by 2047. This expansion supports India's long-term energy security strategy.
Carl Jung quote of the day: Carl Jung believed people are not solely defined by their past experiences. He argued that future potential and aspirations are crucial for true understanding. This quote challenges judging individuals based on past mistakes or labels. Jung's ideas emphasize continuous growth and self-creation throughout life. His work encourages focusing on tomorrow's possibilities and personal evolution.
India's energy security at risk from Hormuz-Red Sea double squeeze, says CareEdge Ratings
India faces significant energy security risks from chokepoint disruptions. A dual closure could push Brent crude prices to $130-135 per barrel. This scenario threatens inflation and the Indian rupee's stability. Smaller businesses are particularly exposed to rising costs and liquidity stress. Global supply chains and India's trade balance would experience severe impacts.
A Reddit user's question about withdrawing Rs 33.5 lakh from EPF to invest in mutual funds sparked debate online. Sharing the post, Bengaluru CA Meenal Goel said most people focus too much on returns. She explained that EPF and mutual funds serve different purposes, with one protecting wealth and the other helping build it. Her advice: withdraw only what you need, keep EPF as a stable, tax-efficient asset, and invest future savings in mutual funds.
Dell Technologies is bringing back its recognizable XPS consumer PC brand after a brief hiatus. The company is also expanding its omnichannel distribution strategy across India. This move aims to make premium brands like XPS and Alienware more accessible.
The world is asking bigger economic questions than it has in decades. Why hasn’t the world seen more inflation, despite over a decade of massive money-printing? Is the dollar still dominant because it's the best currency—or simply because there's no viable alternative? Is China's property crash over — or is the bubble psychology still there? People by WTF In the latest episode of People by WTF , Nikhil Kamath sits down with economist and author Matthew Klein, co-author of Trade Wars Are Class Wars, and Professor Ning Zhu, author of China's Guaranteed Bubble. Recorded in China, the conversation moves beyond headlines to examine the forces reshaping the global economy—from China's slowing property market and America's growing debt to trade imbalances, financial markets and the future of globalisation. One of the episode's liveliest exchanges begins when Kamath questions why investors continue lending to the US government at roughly 4% despite record levels of debt. If America's borrowing keeps growing, why does the world still treat US Treasuries as one of its safest assets? Klein points to confidence in future US growth and inflation; Zhu points to something simpler—no other market offers the scale and liquidity that reserve managers need. Asked where yields might be in ten years, Klein pushes back on market consensus, arguing they could actually rise if AI-driven investment lifts returns across riskier assets—and cautions against assuming an ageing population pushes rates up by default, since the research behind that claim comes largely from young, fast-growing societies rather than truly aged ones like Japan. Zhu's answer stays simpler: safety still beats yield, and by that measure, the US has no real competitor. The discussion naturally turns to the future of the US dollar and China's ambition to internationalise the renminbi. Both economists agree de-dollarisation requires a credible alternative, not just dissatisfaction with the dollar — and argue neither the renminbi nor the euro has built the deep, open capital markets needed to become one. Klein points to a counterintuitive twist: dollar-backed stablecoins may be entrenching the dollar's dominance further, offering a faster, cheaper way to transact in dollars even as de-dollarisation rhetoric grows louder. Zhu sees the exchange rate as the natural pressure valve for trade imbalances looking ahead—the renminbi, after a decade-long 30% devaluation, has already appreciated 10–15% since last summer, though he acknowledges China's trading partners still see the adjustment as too slow. The conversation also overturns conventional assumptions about how markets respond to major events. Klein recalls how Japan's 1995 Kobe earthquake unexpectedly strengthened the yen rather than weakening it, illustrating that capital flows, liquidity, and investor positioning often matter more than conventional economic logic. The example becomes a broader reminder that markets rarely behave as textbooks predict. One of the episode's more provocative moments comes when Kamath asks why inflation hasn't returned despite years of aggressive monetary stimulus. Zhu offers a theory: much of that liquidity didn't vanish; it flowed into asset prices instead — US stocks, Chinese property before 2021 — quietly building wealth inequality rather than showing up in the CPI, with consequences he links to today's political polarisation. Behavioural economics becomes a central theme. Drawing on his research into China's housing bubble, Zhu explains how governments, developers and consumers gradually convinced themselves that property prices could only move in one direction—a pattern Kamath recognises instantly in India, where developers insist land prices never fall. Zhu argues stronger property taxes are one of the few real correctives, since they discourage the speculation that lets such beliefs take hold in the first place. The discussion expands beyond China and the United States to examine a world becoming increasingly fragmented, where geopolitics, demographics and inequality are reshaping trade, investment and policymaking. Both guests describe India as one of the world's most promising long-term growth stories while calling for greater economic understanding as global interdependence evolves. The episode closes on a note of humility rather than prediction. Asked what comes next for China, the dollar and the global economy, Zhu offers a simple piece of advice, besides positing that change is the only constant: " Embrace whatever comes ." It is a fitting conclusion to a conversation that repeatedly argues that adaptability—not certainty—may prove the world's most valuable economic advantage. The episode explores not just what is changing in the global economy, but how those shifts could influence investment, business and policymaking in the years ahead. The episode is available now on YouTube, Spotify and all major podcast platforms. Notes to the Editor Guests Matthew Klein — Founder and publisher of The Overshoot , a subscription research service on the global economy. Former economics commentator at Barron's . Previously wrote for the Financial Times , Bloomberg View and The Economist . Former research associate at the Council on Foreign Relations and investment associate at Bridgewater Associates. Co-author with Michael Pettis of Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace (Yale University Press, 2020), described by Martin Wolf of the Financial Times as "a very important book." Professor Ning Zhu — Deputy Dean and Chair Professor of Finance at the Shanghai Advanced Institute of Finance (SAIF), Shanghai Jiao Tong University. Faculty Fellow at Yale University International Center for Finance. Former Chair Professor at Tsinghua University and former senior executive at Lehman Brothers and Nomura Securities (Hong Kong). Author of China's Guaranteed Bubble and The Investor's Enemy . Adviser to the People's Bank of China, the China Securities Regulatory Commission, the World Bank, the IMF and numerous institutional investors. Regular speaker at the World Economic Forum and the Boao Forum for Asia. Books Referenced Trade Wars Are Class Wars by Matthew C. Klein and Michael Pettis (Yale University Press, 2020) — Examines how domestic political choices and rising inequality shape global trade imbalances. China's Guaranteed Bubble by Ning Zhu (McGraw-Hill) — Argues that implicit state guarantees lay at the heart of China's financial system and predicted the country's property market crisis before it unfolded. Related Episodes Across the WTF Network Howard Marks (WTF): Explores how historical experience shapes risk-taking and investment behaviour, providing context for the discussion on financial cycles and housing bubbles. Ruchir Sharma (WTF is Finance): Examines China's provincial growth model and its long-term impact on trade surpluses, currency dynamics and capital controls. GV Prasad and Rajeev Juneja (WTF): Discusses how China built a globally competitive innovation ecosystem, complementing Zhu's analysis of China's transition towards advanced manufacturing. President Nikos Christodoulides of Cyprus (WTF): Explores the changing global order and the institutions that may shape the next phase of international cooperation, providing geopolitical context for the economic themes discussed in this episode. Key Themes Discussed: China's K-shaped economy and the shift towards advanced manufacturing China's post-pandemic trade surplus and the role of tariffs The future of the US dollar and de-dollarisation China's housing crash and the psychology behind financial bubbles Memory, sentiment and long-term economic behaviour Capital controls and cross-border capital flows Demographic change and its impact on global growth The balance between economic efficiency and fairness Cryptocurrency as a diversification tool rather than a sovereign currency India's manufacturing ambitions and long-term competitiveness About People by WTF People by WTF is a global podcast platform hosted by Nikhil Kamath, featuring in-depth conversations with leaders across business, policy, technology, culture and academia. The show explores long-term institutional, technological and economic questions shaping global society through candid, high-signal dialogue. Past guests include Elon Musk, Prime Minister Narendra Modi, Bill Gates, Rishi Sunak, Akshata Murty, Martin Escobari and Ranbir Kapoor.
Gen-AI could substitute up to 12% of Indias non-farm jobs, says Goldman Sachs
The report projects AI-driven productivity gains alongside workforce shifts, with services facing greater automation than physically intensive occupations
MEA says PoJK elections cosmetic exercise to hide illegal occupation, calls J&K integral part
Gland Pharma gets USFDA nod for generic sugammadex injection
Gland Pharma secured USFDA approval for its sugammadex injection generic version. This drug reverses muscle relaxant effects used during surgical procedures. The approval covers two specific strengths of the single-dose vial product. This new generic is bioequivalent to Merck's BRIDION injection. The product had significant US sales in the past year.
Royal Challengers Bengaluru has surpassed a $300 million brand value milestone. The Indian Premier League's overall business valuation climbed to $20.6 billion this year. This growth underscores the tournament's increasing commercial appeal and global investor confidence. Recent franchise transactions have reset valuation benchmarks for the league. Global investors now view franchises as scalable sports and entertainment businesses.
Centre clears Ballari-Guntakal multi-tracking project to boost Karnataka-Andhra rail capacity
Indian women''s hockey team leaves for Germany for final phase of WC preparation
The Indian women's hockey team has departed for Germany for final World Cup preparations. They will play practice matches against Germany before heading to the Netherlands. The team aims to fine-tune combinations and adapt to European conditions. India begins its World Cup campaign against China on August sixteenth. Captain Salima Tete expressed confidence in the squad's determination.
Sabeer Bhatia booked a high-end apartment in India back in 2012. The property's construction remains unfinished after more than a decade. Builders now project a handover date of 2032, which is twenty years later. This situation highlights concerns about trust in commercial dealings across the country. The entrepreneur expressed disappointment with the prolonged and uncertain property delivery.
Fast-track courts dispose more cases, so why do delays persist?
Fast-track courts were established to clear case backlogs and address public outrage. These courts have disposed of millions of cases over two decades. However, systemic issues continue to hinder speedy justice delivery. Investigations, prosecution, and forensic capacity also need improvement. Courtroom reform alone has not ensured faster justice for all.
SC closes criminal case against former PM Manmohan Singh in coal block allocation case
The Supreme Court has closed a criminal case against former Prime Minister Manmohan Singh. This decision follows the acceptance of a closure report filed by the CBI. The court found no reason for the trial court judge to reject the CBI's findings. Industrialist Kumar Mangalam Birla and ex-coal secretary P C Parakh were also involved. The Supreme Court's intervention stayed the earlier court directive summoning the accused.
The Trump administration missed a deadline to ask the Supreme Court for a rehearing. This request concerned the president's birthright citizenship restrictions which were rejected. The Supreme Court's decision in June struck down the executive order. Three justices had supported the president's plan while one found it violated federal law. The court has not granted a rehearing petition in over fifty years.
Planning to move abroad? Indian expat in Paris reveals challenges beyond social media
An Indian expat in Paris shared challenges of moving abroad. Social media often omits financial burdens and job search difficulties. Adapting to new languages and cultures requires significant personal effort. Leaving family behind also presents emotional and practical hurdles. Clear goals, not online perceptions, should guide such life decisions.
Pizza Hut India operator Q1 profit jumps nearly 4x on higher sales
Devyani International has achieved a quarterly profit surge, nearly quadrupling thanks to robust sales performance. As the operator of KFC and Pizza Hut in India, the company recorded a consolidated net profit of 146.5 million rupees, highlighting a dramatic improvement in its fiscal health compared to the previous year.
Oreo maker Mondelez beats second-quarter estimates on steady demand
Mondelez International exceeded revenue and profit expectations for the second quarter. Steady demand for biscuits and chocolates, along with higher pricing, boosted results. The company raised its annual organic revenue growth forecast to at least two percent. North America saw pricing increases and modest volume growth during the period.
Sonam Wangchuk recently ended a hunger strike for examination reforms. His Ladakh home showcases sustainable architecture using mud walls and natural insulation. Passive solar technology and a lack wall with water bottles provide warmth. An open kitchen design and waterless sanitation highlight thoughtful innovation. This approach blends traditional wisdom with modern environmental consciousness.
ICAR-CMFRI: 91.1% of Indias marine fish stocks sustainable, trawl landings remain stable
CMFRIs assessments do not indicate any palpable decline in trawl-based fish landings during 2021-25, says Union Minister for Fisheries, Animal Husbandry and Dairying Rajiv Ranjan Singh
SC dismisses Odisha govt plea against release of animated film 'Mahaprabhu Jagannath'
The Supreme Court dismissed Odisha's plea against the animated film 'Mahaprabhu Jagannath' release. Animation is a new art form for children and should not be curtailed. The court allowed the film's release after the Jagannath Yatra festivities concluded. Earlier, the High Court had stayed the movie's screening due to objections. Filmmakers invested heavily and faced significant financial losses if delayed.
Inherited shares, mutual funds or bonds? NRIs should follow these steps to claim them in India
NRIs inheriting financial assets in India often face delays due to missing documents, KYC issues and nomination gaps. Experts explain the steps, paperwork and common mistakes that can help ensure a smoother transmission process.
