The Economic Times

US Treasury Secretary Scott Bessent emphasized global challenges as the backdrop for increasing bond yields during his comments to reporters before a congressional hearing. The event was marked by protests advocating for the cessation of sanctions against Iran, momentarily disrupting the discussion. Bessent disclosed ongoing conversations with Chinese officials about Iran's financial connections, while President Donald Trump is set to continue this dialogue with China's Xi Jinping.

Bharat Forge and Pratt & Whitney Canada will collaborate on a high-altitude UAV program. They will evaluate advanced turboprop engine integration for the DRDO-designed platform. Bharat Forge will lead engine-airframe integration, drawing on its manufacturing expertise. This partnership aims to advance India's indigenous aerospace and defence capabilities.

Mexico will accept reduced Colorado River water allocations under a new binational agreement. This accord, known as Minute 334, aims to manage dwindling water resources effectively. The agreement allows Mexico to store some water in Lake Mead for future use. Environmental restoration efforts in the Colorado River Delta will also continue with joint funding. This deal offers stability for water users while US states still negotiate their own cuts.

A couple in Florida bought three occupied condos for $360,000 in 2022, and the properties now generate $4,530 a month in rent. He shared how he financed it and turned it into a cash-flowing asset, calling the portfolio 'very healthy'. He said tenants have effectively paid down about $30,041 of the mortgage, or around 12%, over roughly four years.

Quote of the Day by Macaulay Culkin: Macaulay Culkins quote, Id made enough money by the time I was 12 to never work again, so its not about a big paycheck with me reflects his perspective on money, success, and personal fulfillment. The quote suggests that once financial security is achieved, success is not simply about earning more, but about finding meaningful work, enjoying life, and having the freedom to choose what truly matters.

Quote of the day by Joaquin Phoenix focuses on kindness toward animals and what compassion says about human character. The saying asks people to consider empathy, responsibility and the way humans treat living beings that cannot speak for themselves. Phoenix has spoken about animal rights and veganism, including in his 2020 Oscar speech, where he discussed exploitation, dominance and compassion for all sentient beings.

Social Worth Technologies, the parent company of Fibe, has obtained the necessary approval from Sebi for its initial public offering. The venture aims to raise Rs 750 crore through a fresh share issue, with the funds primarily targeting the enhancement of its subsidiarys capital for lending activities. Additionally, an offer-for-sale section will enable current shareholders to reduce their holdings.

Coca-Cola plans a significant $10 billion investment in United States infrastructure. This substantial funding will span from the year 2026 through 2030. The company's U.S. system previously contributed $85 billion to gross domestic product. It also supported nearly one million jobs across the nation. This investment includes projects previously announced in several states.

A recent study explored gaming and exercise effects on brain health. Regular physical activity showed links to better mental health outcomes. More time playing video games correlated with improved cognitive performance. However, the research did not prove direct cause and effect. Different activities may influence distinct aspects of brain function.

In 2018, Melbourne tested a road with an unusual ingredient list: 200,000 plastic bags, 63,000 glass bottles and 4,500 used printer cartridges. About 250 tonnes of recycled asphalt went into the project. The result was more than a clever way to reuse waste. The recycled mix showed 60% better fatigue resistance, suggesting discarded materials could help build tougher roads.

India's economy shows resilience despite global geopolitical and financial challenges. Strong bank credit and GST collections support this positive economic outlook. Rising global interest rates and oil prices introduce volatility after a calm period. India's Chief Economic Adviser emphasizes the need for adaptation and innovation. Private sector investment and R&D are crucial for future economic growth.

Rapper Nas' venture firm, QueensBridge, invested in Coinbase in 2013. This early bet occurred when Coinbase was valued at approximately $150 million. Eight years later, Coinbase's public trading valued Nas' stake at over $40 million. QueensBridge Venture Partners was founded by Nas in 2013. The firm has since invested in over one hundred technology startups.

In 1943, Ayyalasomayajula Lalitha shattered societal norms by becoming India's first woman engineer. Overcoming personal loss, she delved into electrical engineering, gaining hands-on experience at a railway workshop and contributing to pivotal infrastructure projects. Her influence extended beyond borders as she represented female engineers from India at international conferences, inspiring countless future women in the engineering field.

People may carry cash for very different reasons. For some, it is a practical way to control spending; for others, it provides reassurance in case of an emergency. Some may simply feel more comfortable using money they can physically see and hold.

Israeli air force conducted two airstrikes in Kfar Rumman, killing at least twelve people. These strikes occurred amid a new round of escalation between Israel and Hezbollah. The Health Ministry reported eleven deaths in one building strike, including children and women. Another strike on a car killed a paramedic and wounded two others. The Israeli military stated these actions were retaliation for Hezbollah drone attacks.

UPI payments for capital market transactions will attract a nominal 0.02% Merchant Discount Rate, capped at Rs 300. The fee covers mutual funds, securities, brokers and dealers, with limited impact expected for long-term investors but greater sensitivity among frequent traders.

Quote of the Day by Grace Kelly: Grace Kellys quote, I walk an hour almost every day - and very quickly - wherever I am. Sometimes I go on long, all-day hikes with friends, explores the importance of consistency, daily movement, and maintaining an active lifestyle. The quote suggests that simple activities such as regular walking can become meaningful habits while also providing opportunities to enjoy nature, explore new places, and spend quality time with friends.

'Opposing India?': BJP slams Congress CMs for skipping BRICS gala dinner over partisan row

UPI transactions up to Rs 2,000 will remain free for all users. A new Merchant Discount Rate (MDR) will apply to specified merchant payments above Rs 2,000. The revised framework aims to support investment in UPI infrastructure, innovation and cybersecurity. Most person-to-merchant (P2M) transactions will remain unaffected by the changes. The updated provisions will take effect from October 15, 2026.

A public interest litigation challenges Karnataka's order to sing only two stanzas of Vande Mataram. This government order conflicts with Union government directives for the complete six-stanza version. The petition questions the state's authority to alter national symbols via executive order. The national song's year-long commemoration began in November 2025. This event marked 150 years since Bankimchandra Chatterji wrote the song.

An Indian swimming team achieved a historic double crossing of the Catalina Channel. The SwimLife Orcas team completed this demanding open-water challenge in twenty-nine hours. This remarkable feat marks the first time an Asian team has accomplished this swim. Consul General K.J. Srinivasa congratulated the swimmers for their exceptional endurance and teamwork.

US high school students are transforming plastic bottles into 3D-printer filament. This recycled material is then used to create essential tools for community clean-up efforts. The project, called Project Respindle, aims to establish a circular economy at a local level. Students collect plastic waste and process it into usable equipment for environmental organizations. This initiative demonstrates how technology can enhance recycling and promote environmental action.

Karnataka's Chief Minister warns of a possible power shortage this year. Drought conditions and falling reservoir levels are impacting hydel power generation. Peak power demand has risen significantly, increasing procurement costs. The state is exploring power purchases from neighboring states to meet demand. Long-term solutions include setting up power units closer to coal mines.

The US Senate prepares for a crucial vote on a cryptocurrency regulation bill. Democrats are concerned the legislation inadequately addresses President Trump's personal crypto holdings. The bill aims to establish clear federal rules for digital assets and resolve agency disputes. Trump has agreed to some ethics concessions, but most Democrats remain unsatisfied. This vote is a significant election-year test for the growing crypto market.

Netherlands 60-metre Blade Barrier represents more than an unusual highway wall. It is an experiment in what a circular economy can look like when renewable-energy waste is treated as a potential construction resource instead of an unavoidable disposal problem.

Passenger car sales increased by over a third in August, reaching 439,309 units. This growth followed a decline in the previous year due to GST rate changes. Three-wheeler and two-wheeler sales also saw significant rises during the month. Industry experts anticipate continued strong demand through the festive season. Manufacturers are preparing for further sales increases with new model launches.

In 1955, a letter containing Pamela Jean Haslams baptismal certificate was mailed to Christ Episcopal Church in Alameda, California. The envelope was postmarked October 26, 1955, but somehow never reached the church. It apparently remained lost within the postal system for 71 years. Then, on August 20, 2026, it was returned to the church marked return to sender for an insufficient address.

Innovative space experiments have focused on how fabrics can effectively manage astronaut sweat and heat during missions. These studies revealed distinct challenges unique to microgravity. Findings from the SpaceTex experiment are paving the way for next-generation astronaut apparel. Furthermore, this cutting-edge fabric technology is inspiring new designs in athletic wear, benefiting those in high-demand professions on Earth as well.

Grammy-winning rapper JAY-Z built a vast empire beyond music. His early $2 million Uber investment grew significantly in value. He also founded Roc Nation and acquired the streaming service TIDAL. JAY-Z's philanthropic efforts include the Shawn Carter Foundation. He is recognized as the first hip-hop artist to achieve billionaire status.

Hotels around the world are increasingly adopting generative AI technology, but fewer than 10% report meaningful reductions in manual work, highlighting a gap between adoption and tangible benefits. Many hotels are opting to enhance their existing systems rather than invest in entirely new platforms, creating challenges in using AI effectively for better decision-making.

Powerful Quote of the Day by Chanakya: Chanakya reveals a stark truth about honesty. It can render one vulnerable. Just as the tallest trees are the first to fall, honest individuals risk being exploited. His teachings encourage a tempered approach to honesty, where wisdom lies in discerning the right time to express truths and when to hold back. Establishing boundaries and exercising discretion are essential to safeguard oneself from undue exploitation.

US stocks were subdued on Tuesday as AI shares steadied after a global selloff, while rising oil prices and Treasury yields kept investors cautious. The Federal Reserve is widely expected to raise interest rates on Wednesday as the Iran conflict pushes energy prices higher and threatens to keep inflation elevated.

Sebi has proposed tighter business continuity and disaster recovery norms for market infrastructure institutions, including shorter mock drills, stronger data centre stress testing, improved configuration controls and enhanced data recovery mechanisms to strengthen resilience against operational disruptions.

In 2014, astronauts aboard the International Space Station conducted body measurements to study the impact of microgravity on human physiology. This research provided NASA critical insights that shaped the design of future spacesuits. Utilizing basic tools such as tape measures was instrumental in making significant engineering improvements. Ultimately, this work plays a vital role in ensuring safety for astronauts and the success of upcoming lunar missions.

India confirmed its ongoing pursuit of Zakir Naik's extradition from Malaysia. This issue has been raised at multiple levels following recent high-level engagements. Prime Minister Narendra Modi and Malaysian Prime Minister Anwar Ibrahim discussed the matter. Both leaders hailed growing defense partnerships and expanding two-way investments.

People often make requests feel warmer and less demanding by expressing appreciation, offering praise or using polite language. Giving someone a genuine compliment before asking for help does not automatically make the interaction manipulative, even if the sequence resembles a persuasion strategy. What may be more psychologically revealing is when praise appears only when the person wants something in return.

Weather Tomorrow: The Meteorological Department has released a new weather warning for various areas, forecasting heavy rain and thunderstorms nationwide. On Wednesday, thunderstorms and rain are expected in both Delhi-NCR and Bihar. Additionally, Rajasthan and Odisha are bracing for rain and strong winds, while Uttarakhand and West Bengal face alerts for rain and lightning activity.

Singapore launched a novel campaign to encourage citizens to read more. This initiative offers small cash payments for logging reading minutes on a government platform. The program aims to revive reading habits which are declining globally. Educators are grappling with the fallout of digital distraction on young readers. This scheme seeks to make reading a repeatable habit for a thoughtful nation.

Former Air India CEO and MD Wilson described his tenure as a privilege and wished Air India well in its journey to becoming a world-class airline. The transition comes amid scrutiny over an alleged immigration lapse involving three foreign nationals who reportedly left Delhi airport without completing mandatory clearance, with the Ministry of Civil Aviation seeking an explanation from the airline.

Quote of the day by Tommy Lee Jones explores the quiet work of understanding who we are and what we carry from the past. His words speak to everyday struggles with relationships, uncertainty, conflict and the emotions we often keep to ourselves. The article looks at self-understanding, empathy, acceptance and personal growth, while asking how greater honesty with ourselves can change the way we face life.

Tyler Perry's journey is marked by both struggle and triumph. After facing bankruptcy due to a failed play, he experienced months of homelessness. Undeterred, he spent six years refining his production and slowly cultivated a loyal fanbase. By negotiating to retain ownership of his content, he eventually built a massive studio empire and amassed a billion-dollar fortune, showcasing the power of resilience and the importance of creative control.

California transportation officials tested recycled pavement using plastic bottle binder. This pilot project on Highway 162 consumed approximately 150,000 plastic bottles per mile. The technology developed by TechniSoil Industrial processes old pavement with a liquid plastic polymer. This innovative method potentially reduces landfill waste and transportation pollution significantly. Officials are studying the road's durability and environmental benefits for future applications.

Nike started its journey with Phil Knight selling shoes directly from his car's trunk, eventually collaborating with coach Bill Bowerman to enhance shoe designs. Renamed in 1971, Nike saw tremendous growth, achieving billions in revenue through strategic sponsorships and innovative designs. This remarkable history serves as a valuable lesson for contemporary entrepreneurs, emphasizing the importance of patience and unwavering persistence in business pursuits.

NPCI will introduce a Merchant Discount Rate on select P2M UPI transactions starting October 15. Merchants will pay 0.4% on transactions exceeding Rs 2,000, with a cap. This move aims to create a sustainable commercial model for the UPI ecosystem. Most everyday UPI payments up to Rs 2,000 will remain free of charges. Consumers will not face any new fees for making UPI payments.

At GFF 2026, PhonePe unveiled a suite of co-branded credit cards with HDFC Bank and SBI, plus the Wishcard for consumers with limited or no credit history. The products build on UPI-era behaviour to tap into formal credit, aiming to bring rewards, flexibility and credit-history building to Gen Z, homemakers, freelancers and semi-urban India.

Hollywood superstar and Oscars winner Leonardo DiCaprio's 2017 investment in Beyond Meat stands as a memorable chapter in the rise of sustainable investing and the plant-based food revolution. He entered the story before the company's IPO, when Beyond Meat was still building its brand and proving that plant-based protein could appeal to mainstream shoppers.

A Delhi court granted Swatantra Bhardwaj three weeks of interim bail on Tuesday. The court will consider regular bail after monitoring his behavior for three weeks. Bhardwaj was in custody for over ten days and his interrogation concluded. He is prohibited from discussing the case on any media platforms. The court scheduled the next hearing for October 6.