The Economic Times

Iran's high-ranking military advisor, Mohsen Rezaee, has dismissed US President Trump's statements about the potential reopening of the Strait of Hormuz. He emphasized that Iran would take action against any unauthorized vessels in the area. While Trump suggested ongoing discussions for this reopening and for Iran's denuclearization, Iran has unequivocally denied any claims regarding negotiations with the United States.

Scientists revealed first animal on Earth: Emerging research proposes that placozoans could be the oldest animals on Earth, reshaping the established perception of sea sponges as the earliest fauna. Scientists have discovered that placozoans are situated earlier on the animal evolutionary tree. This discovery invites a fresh perspective on the origins of nervous systems in the animal kingdom.

Iran awaits Ukraine's concrete actions to support its claim of an unintentional drone strike. Iranian officials possess evidence contradicting Ukraine's explanation of the Caspian Sea incident. Tehran will take necessary measures to hold Ukraine accountable for the attack. Ukraine's foreign minister assured Iran that the strike was unintentional and sought no escalation. Iran conveyed its clear stance against any attack on its citizens or interests.

The Supreme Court dismissed the Indian Energy Exchange's appeal against the CERC's market coupling order. Justices refused to interfere with the Appellate Tribunal for Electricity's previous ruling on the matter. The court kept legal questions open for future consideration as norms are still in draft. CERC plans to introduce power market norms, including market coupling, within six weeks.

India's fuel exports hit a one-year peak in July, driven by strong diesel margins. Russia's diesel export ban and global supply voids created favorable conditions for Indian refiners. Ample crude availability after a brief Iran-US truce also boosted refinery runs. Refineries like Reliance Industries and Nayara Energy processed more crude volumes. These factors combined to maximize Indian refiners' export capabilities last month.

Today's Quote of the Day by Jamie Dimon: Jamie Dimon's quote about leadership deconstructs managerial capability into four distinct human dimensions. Rather than evaluating a leader solely by quarterly performance metrics, revenue growth, or academic credentials, Dimon forces executives to evaluate candidates through personal, parental, structural, and financial lenses.

The Lenin, the world's first nuclear icebreaker, symbolizes Russia's Arctic legacy today. This historic vessel served for thirty years along the Northern Sea Route. Russia now operates the world's largest icebreaker fleet, including nuclear-powered ships. India and Russia are expanding cooperation on the Northern Sea Route corridor. Both nations aim to strengthen transport and logistics connectivity through this vital waterway.

Tanzanian proverb of the day: A Tanzanian saying emphasizes earning money without letting it define one's worth. True success stems from character, integrity, and treating others well. Wealth offers comfort and opportunities but should not be life's sole foundation. Money should serve as a tool to support a good life.

Quote of the day by Zig Ziglar: Motivational speaker Zig Ziglar emphasized personal growth over mere achievement. He believed the journey and lessons learned shape individuals profoundly. Ziglar's own life, from humble beginnings to global influence, exemplified this philosophy. His teachings continue to inspire millions through his enduring legacy.

Quote of the day by John Keats: John Keats believed self-criticism surpasses external praise or blame. His love of beauty made him a severe judge of his own creations. This perspective emphasizes personal standards over public approval for true satisfaction. Keats, a celebrated Romantic poet, died young from tuberculosis.

In 1868, an American woman inventor created a machine that changed the future and led to the mass manufacture of flat-bottom paper bags still widely used to carry groceries all around the world. Margaret E. Knight developed a machine that changed paper bag production. Her invention reduced manual work and helped businesses produce square-bottom paper bags on a large scale. She later earned many patents and became one of the most productive women inventors in American history.

Quote of the day by George Eliot remains relevant because they remind us that companionship does not always need complicated explanations. Sometimes the most comforting friend is the one who simply stays nearby. Animals can offer affection without demanding perfection, presence without interrogation and companionship without unnecessary judgment.

Quote of the day by Roald Dahl: Roald Dahl's quote describes adults as the enemy of children during socialization. This perspective reflects the reality of teaching societal rules and moral behavior. Learning kindness and responsibility takes time, and adults guide this essential development.

Samir Modi has withdrawn all legal cases against his mother, Bina Modi. This action comes amid ongoing efforts to settle the distribution of the late KK Modi legacy. Both brothers have blamed their mother for not following the family trust's distribution plan. Modi expressed his desire for family reconciliation and stated he is a builder. He is hopeful that the family will reconcile and that legacies are beyond companies.

The government withdrew thousands of tax appeals after raising litigation limits. This action reduced disputed tax demand by over sixteen thousand six hundred eighty-eight crore rupees. Appeals were withdrawn from the ITAT, High Courts, and Supreme Court levels. Additionally, many new appeals were not filed by the department. This policy change significantly lowered the overall tax litigation burden.

Twenty-one suspected Bangladesh nationals were detained in Ramban district. They were traveling towards Kashmir Valley from Jammu in two vehicles. Individuals failed to produce valid identity or travel documents during routine checking. Police took custody of all persons for further questioning and investigation. Legal action will be taken based on the outcome of the ongoing inquiries.

Psychology says people who learn a great deal from movies aren't simply watching stories for entertainment. Research explains that many people learn by observing characters, situations, and emotions shown on screen. Psychology connects this behavior with observational learning, empathy, mirror neurons, and narrative transport. These ideas explain why films can shape thinking, improve emotional understanding, support self-reflection, and help people apply lessons from fictional stories to real-li

India exceeded expectations by finishing fourth with 39 medals at the 2026 Commonwealth Games, despite the exclusion of several traditional medal-winning sports. Record-breaking boxing, a landmark judo campaign and consistent para success reflected the nation's growing sporting depth.

The HSBC Purchasing Managers' Index, compiled by S&P Global, fell to 53.5 in July from 54.2 in June and 59.1 a year earlier. A reading above 50 indicates expansion, while one below signals contraction. The latest reading was also below the series' long-run average of 54.2. The pace of growth in new orders was the second slowest in more than four years. Survey respondents said advertising efforts and resilient demand continued to support sales, although increasingly challenging market conditions

The Lok Sabha passed the Supreme Court (Number of Judges) Amendment Bill, 2026, increasing the strength to thirty-eight judges. This legislative action occurred amidst ongoing opposition protests concerning police actions and alleged temple donation theft. The government also introduced bills to modernize the Indian Statistical Institute and update bankers' book evidence. These proceedings took place with minimal debate and significant legislative activity.

A rare 1858 book has finally returned to an Australian library after an estimated 150 years, but its mystery borrower cannot be found. The forgotten Antiquities of Athens could have carried a staggering $19,500 overdue fine today. The returned book will be displayed in the librarys local history collection.

Giant Antarctic lakes discovered: Scientists discovered two giant lakes beneath Antarctica's ice sheet. These lakes are the second and third largest known subglacial bodies. Researchers believe these ancient lakes may harbor unique, untouched ecosystems. Heat from Earth's core and insulating ice prevent the water from freezing.

Youth Congress workers marched to Nitin Gadkari's residence protesting ethanol fuel promotion. Several activists were detained after attempting to breach police barricades at the minister's home. This protest follows Uddhav Thackeray's statement about the opposition raising concerns over ethanol. Congress workers claimed ethanol fuel reduces vehicle mileage and causes damage. The opposition believes the ethanol issue has gained public traction due to vehicle concerns.

Today's Irish Proverb of the Day: Irish proverb shares a timeless lesson that still fits modern life. Best is a conference from which comes peace reminds us that honest conversation can solve problems better than anger. This ancient Celtic wisdom teaches conflict resolution, emotional maturity, compromise, and lasting peace. A few thoughtful words can often change a relationship more than a long argument.

Chinese Proverb of the Day highlights the meaning of Control your emotions or they will control you. The saying emphasizes the importance of emotional intelligence, self-discipline, and thoughtful decision-making. It reminds us that emotions are a natural part of life, but allowing anger, fear, frustration, or excitement to dictate our actions can lead to poor choices and unnecessary conflict. Instead, the proverb encourages us to recognize our feelings without letting them take control.

Scientists have reported a concerning invasion of alien moon jellyfish across various marine ecosystems. These jellyfish hitch rides on ships, spreading to new locales. By utilizing computer simulations and analyzing genetic data, researchers confirmed this human-driven dispersal. The research unveiled sixteen previously unidentified jellyfish species, bolstering marine biodiversity. However, this invasion poses serious threats to native marine life and leads to substantial global economic reper

The second phase of elections in Pakistan-occupied Kashmir faced significant disruptions. Protests led by the JAAC caused widespread chaos and administrative failures. Election officials and materials could not reach many polling stations across constituencies. This led to postponed voting in some areas and questioned the election's legitimacy. Demonstrations continued throughout the day, with reports of security force actions.

Ralph Teetor cruise control inventor: Ralph Teetor, who became blind early in life, was the genius behind cruise control in the 1940s. His creation of the Speedostat allowed for consistent speed maintenance while driving. Teetor faced engineering challenges with his remarkable ability to harness touch, sound, and memory.

President Trump stated that talks with Iran are currently underway at Tehran's request. These discussions represent Iran's final opportunity to secure a favorable agreement. The negotiations aim to reopen the Strait of Hormuz and address nuclear concerns. Trump decided against new strikes after appeals from Gulf allies and Iranian officials. He also criticized major oil companies for excessive profits.

Mosquitoes engage in a captivating courtship ritual, producing harmonious melodies through the rhythm of their wing beats. This phenomenon was observed in Aedes aegypti mosquitoes. By studying these mating patterns, scientists may develop innovative strategies for mosquito control. Their focus includes enhancing the appeal of sterile males to females, aiming to disrupt reproduction and minimize disease spread.

USee Vision Kit: Retired US Navy and Marine Corps officer, Kevin White, has pioneered a vision testing system aimed at providing affordable prescription glasses to underserved populations. His USee Vision Kit has positively impacted the lives of over 750,000 individuals in 67 countries, focusing on remote areas and the homeless. White's goal is to ensure everyone, everywhere has access to essential eyewear.

The Cleveland Guardians have acquired outfielder Jo Adell from the Los Angeles Angels. This move aims to boost the Guardians' offensive power for their playoff push. In exchange, the Angels received promising catching prospect Jacob Cozart. Adell brings significant home-run ability, though he also strikes out frequently. The Guardians made a roster adjustment by designating infielder Juan Brito for assignment.

The US Board of Peace stated an Israeli withdrawal from Gaza requires Hamas's complete disarmament. This condition follows a meeting between the Israeli Prime Minister and the board. The board noted that the IDF withdrawal beyond the Yellow Line will occur after disarmament. Israel and the Board of Peace share common ultimate objectives. Hamas committed to this disarmament to the mediators.

Quote of the Day by Humphrey Bogart: Humphrey Bogarts quote, There is more to talking than just words, explores the deeper meaning of communication and human connection. The quote suggests that true conversations involve more than spoken language, as emotions, expressions, tone, and understanding also play an important role in how people connect with each other. It highlights that meaningful communication requires empathy, active listening, and emotional awareness rather than simply exchanging w

President Trump will attend a roundtable with mining executives on Friday. This event aims to expand domestic and allied critical mineral supplies. The administration prioritizes securing supply chains and reducing China's reliance. A separate event will focus on developing a skilled mining workforce. This initiative seeks to attract more students to mining careers.

Vehicles will soon exchange real-time data like speed and position. This communication aims to provide advance warnings for critical safety situations. Mandatory V2V systems are proposed for new vehicles from October 2028. The government is implementing this phased rollout to improve road safety. This initiative will strengthen connected technologies and reduce accident risks.

Today's Quote of the Day by Barack Obama: Barack Obamas famous quote challenges individuals to look beyond financial accumulation and seek a higher purpose in life. By defining personal ambition through service to others, this timeless insight emphasizes that true human potential is unlocked only when personal goals align with broader societal needs. The quote serves as a powerful reminder that monetary wealth alone cannot measure genuine success or individual fulfillment.

Seattle Mariners have acquired veteran outfielder Taylor Ward from the Baltimore Orioles. Ward brings an experienced bat and plate discipline to the Mariners' offense. Baltimore received three pitching prospects in return for the outfielder. These young arms will bolster the Orioles' farm system for future seasons. Both teams continue reshaping rosters ahead of the trade deadline.

Jackie Chan's quote highlights the mystical nature of human connections. The world is not too big or too small, and paths often cross unexpectedly. Meaningful relationships are built on trust, kindness, and shared experiences, which feel destined. His autobiography, Never Grow Up, details his life and the importance of these encounters. These connections shape our lives as much as our achievements do.