The Economic Times

An Iranian parliamentary committee is reviewing a bill to bar hostile vessels from the Strait of Hormuz. This preliminary legislation proposes significant fines for any ships violating these new restrictions. The draft bill is currently undergoing expert review and recommendations are being sought. Specialists have been invited to submit their suggestions before the draft is finalized. This proposed measure could impact international maritime transit through a vital waterway.

The White House has established price floors and a fifteen percent tariff on polysilicon products. This action aims to bolster domestic chip and solar supply chains for national security. The new trade protections will officially take effect on December fourth this year. Minimum import prices are set for polysilicon, ingots, wafers, cells, and modules. An incentive program will also encourage domestic production of polysilicon and its derivatives.

Tata Sons is now an upper-layer NBFC, requiring its stock market listing. The Reserve Bank of India is reviewing its deregistration application. This classification mandates stricter regulations for at least five years. Tata Trusts wants Tata Sons to remain privately held. The Shapoorji-Pallonji Group seeks to unlock value through a listing.

The average age of directors on NSE-listed companies has declined significantly over the past decade. However, boards at Nifty 100 and Nifty 500 firms have grown marginally older. This trend reflects a continued preference for more experienced directors in mature companies. Younger companies are actively seeking board members with domain-specific expertise. The overall shift indicates a broader embrace of younger directors across the market.

Postpartum psychosis is mental health disorder that can happen to anyone after giving birth, but the chances are higher for people with certain mental health conditions.

CreditAccess India, the promoter of Indias largest pure-play microfinance lender CreditAccess Grameen, has sold a 2.28% stake through block deals to provide a partial exit opportunity to long-term investors. The stake sale is part of a broader plan to increase the companys free float, bring in new investors and broaden institutional ownership, while the promoter continues to back CreditAccess Grameens long-term growth plans.

Infosys has signed a ten-year strategic agreement with footwear company Crocs. This large transformation deal is estimated to be worth between $200-300 million. The collaboration will modernize Crocs' core business and IT systems using AI-first platforms. Infosys aims to simplify operations, reduce costs, and scale for the future. This partnership will enhance efficiency, responsiveness, and customer experience for Crocs.

Banks cannot disable borrower mobile phones and laptops for loan recovery. This new rule applies unless the devices themselves were financed by lenders. The Reserve Bank of India announced these regulations will take effect January 1, 2027. Banks must adopt a gradual approach when disabling devices, not immediately. Essential functions like incoming calls and emergency services remain accessible to borrowers.

In a recent announcement, the Reserve Bank of India has introduced fresh regulations for non-banking financial companies. Moving forward, NBFCs will be restricted to providing only term loans, effectively barring revolving credit offerings, though those currently authorized to issue credit cards are not affected. Standalone NBFCs will require prior permissions and significant funding to independently offer credit cards. The central bank is actively seeking input on these upcoming policies.

Fortis Healthcare's financial report for the first quarter showcases a promising 2.3 percent rise in profit. The consolidated profit after tax now stands at Rs 273 crore, reflecting growth from last year. Additionally, revenue surged 17.5 percent to reach Rs 2,545 crore. The hospital segment thrived, alongside successful diagnostics operations. Leaders of the company highlighted ongoing investment in infrastructure and a positive business momentum for the future.

Technocraft Ventures Ltd secured Rs 75.55 crore from anchor investors before its public offering. The company's Rs 252-crore initial public offering will open for subscription on August 7. It has fixed a price band of Rs 200-212 per share for the issue. Proceeds will fund working capital and general corporate purposes. The infrastructure firm's equity shares are proposed for listing on the BSE and NSE.

Sebi investigated 402 cases in 2025-26 for securities law violations. Fraudulent and unfair trade practices saw 121 cases taken up for scrutiny. Insider trading and illegal trade practices accounted for 224 investigations initiated. Financial statement fraud also came under regulatory focus with 57 cases. Market intermediaries underwent increased surveillance with over 900 brokers inspected.

Muthoot Microfin reported a more than 13-fold rise in Q1 net profit to Rs 81 crore, driven by 49% higher loan disbursements, lower credit costs and improved asset quality. Gross loan portfolio grew 18%, while net interest margin remained stable at 12%.

Indian markets found support from easing crude oil prices and the RBI's stable policy outlook despite range-bound trade. Analysts said Nifty holding above 24,600 keeps bullish momentum intact, with improving earnings expectations and stock-specific buying supporting broader market resilience.

Nifty ended nearly flat after a range-bound session but stayed above key moving averages, preserving its bullish trend. Analysts recommended Tata Technologies and AIIL as buy ideas, citing breakout patterns, strong momentum, rising volumes and favourable technical indicators for further upside.

Indian investors favoured long-term stock ownership in FY26 as delivery ratios rose to around 30%, despite market volatility. Sebi said stronger domestic inflows, expanding demat accounts and reduced derivatives speculation reflected healthier participation and greater resilience amid foreign investor outflows.

The government will likely not sell more LIC shares for eighteen to twenty-four months. LIC has until 2032 to meet minimum public shareholding norms. The company recently saw a 6.5 percent stake sale well received by markets. LIC achieved ten percent public float ahead of its May 2027 deadline. The insurer reported a twenty-three percent profit increase and premium income growth.

The Reserve Bank of India has placed Tata Sons under intensified regulatory oversight. This designation will not influence its ongoing bid to relinquish its NBFC license. Tata Sons had cleared its debts and sought deregistration approximately two years ago. The regulator is expected not to mandate a listing until the application is resolved, which, in turn, affects the philanthropic ventures and investments of Tata Trusts.

India maintained its global lead in IPO numbers during FY2025-26. The nation secured third place worldwide for total funds raised through these offerings. SEBI implemented reforms to ease capital raising while protecting investors. These measures included restructuring public float requirements and extending shareholding timelines. The regulator also allowed founders to retain employee stock options for new companies.

Brazil's Industry Minister urged India to jointly defend multilateralism and the WTO. He highlighted the need to counter unilateral tariff impositions by the United States. Brazil seeks to diversify export markets, with India being a key priority. Brazilian companies are also keen to invest in Indian energy and infrastructure projects. Cooperation on fertilizer supply and green ammonia for agriculture is also sought.

Life lesson quote by Friedrich Nietzsche serves as a reminder that life is not measured by a single day, a single achievement, or a single failure. Instead, it is defined by the courage to keep growing, the wisdom to remain patient, and the determination to stay true to one's values throughout the journey. When success is built on character, perseverance, and continuous self-improvement, today's genuine laughter becomes the foundation for tomorrow's enduring fulfillment, proving that the most me

Japanese Mindset: Japanese philosophy introduces Honne and Tatemae, a nuanced balance between inner truths and social harmony. Honne refers to ones authentic sentiments, while Tatemae embodies the outward persona presented to society. This dualistic approach emphasizes politeness and strives to avert conflict, fostering interaction based on empathy rather than deception. Ultimately, embracing this philosophy cultivates respectful connections that enhance interpersonal relationships.

Mexican Proverb of the Day:A thought-provoking Mexican proverb encapsulates the essence of our shared humanity while acknowledging the uniqueness of each individual. It teaches that achieving equality doesn't imply being the same, advocating for a heartfelt respect for the diverse journeys people undertake. This adage remains a powerful call for fostering acceptance and inclusivity in todays richly varied societies.

PNB Housing Finance anticipates its new micro-housing loan business will reach Rs 100 crore AUM. The company expects disbursements to accelerate now that policies and training are finalised. Leverage is projected to increase to nearly six within three years for organic growth. Funding costs remain stable, with potential for slight softening in market conditions. Construction finance lending has restarted conservatively, focusing on select cities and developers.

Psychology ultimately reminds us that human behavior is flexible rather than fixed. Walking speed should be viewed as one small clue within a much larger picture.

Mohan Bhagwat stated protest is a democratic dialogue tool for consensus building. He acknowledged Gen Z's genuine concerns and their desire for reasoned explanations. Bhagwat cautioned against social media misuse and emphasized individual responsibility for technology. He advocated for self-regulation and societal involvement in social media use. Increased public spending on education and entrepreneurship were also highlighted.

Quote of the Day by Audrey Hepburn: Audrey Hepburns quote, I don't want to be alone, I want to be left alone, explores the importance of personal space, independence, and emotional balance. The quote suggests that seeking solitude does not always mean feeling lonely or disconnected, but rather represents the need for privacy, self-reflection, and moments of peace away from external pressures. It highlights that healthy boundaries and time for oneself are essential for personal well-being, while

Sebi will introduce fast-track Alternative Investment Fund launches, a single-window clearance system and the Sebi Setu portal to ease compliance. It also plans corporate bond tokenisation pilots, quantum-ready technology roadmaps and Project Jagrook to strengthen investor awareness and market efficiency.

Today's Irish Proverb of the Day brings timeless wisdom that still fits modern life: He who is not strong must be clever. This powerful Irish saying reminds us that intelligence, resilience, and smart thinking often achieve what force cannot. Discover its deeper meaning, inspiring life lessons, and why this ancient Irish proverb continues to guide success, confidence, and everyday decision-making.

The extended GTA 6 showcase will premiere on Netflix hours before hitting YouTube, while fans await fresh updates from Take-Two's earnings call.

Prime Minister Modi and Israeli PM Netanyahu discussed bilateral progress and a new investment agreement. This agreement, effective Saturday, aims to boost investment and protect investors. It allows three years for local dispute resolution before international arbitration. The leaders reaffirmed their commitment to strengthening cooperation across various sectors. They also exchanged views on recent developments in West Asia and agreed to stay in touch.

President Trump privately indicated support for JD Vance's 2028 presidential aspirations. He told donors he wants to see his vice president win the election. Advisers suggest Trump still weighs Vance and Marco Rubio for succession. Vance has not confirmed his plans and awaits his fourth child's birth. The midterms will significantly influence Republican challengers and potential endorsements.

India marked a significant milestone by successfully test-launching the Agni-IV missile from Chandipur, Odisha. This advanced two-stage missile, capable of covering distances up to 4,000 km, can carry both nuclear and conventional warheads. Since its original trial in 2010, multiple flight assessments have confirmed its operational readiness, as validated by the Strategic Forces Command, demonstrating the nations advancing missile technology.

At the same programme, the Chief Minister also disbursed Rs. 15.86 crore via DBT to 793 flood-affected schools across Sivasagar, Charaideo, Jorhat and Golaghat and launched financial assistance of over Rs. 4.26 crore from the CMRF for 21,025 students in Sivasagar and Charaideo to purchase educational materials after the recent floods. Of the amount, Rs. 11 crore have been allocated to 550 schools of Sivasagar, Rs. 2.22 crore to 111 schools, Rs. 2.06 crore to 103 schools of Jorhat and Rs. 0.58 cr

Iran issued serious warnings to Gulf neighbors about regional blackouts. This threat came after the United States considered striking Iranian power plants. Iran communicated that its power plants would be met with similar strikes. The message included a list of potential targets like power and desalination facilities. These events follow heightened tensions and prior retaliatory threats.

Bihar signed MoUs worth Rs 51,600 crore with industrial groups on Thursday. These agreements span nuclear energy, steel, and textile sectors for growth. Global Renewable Advanced Clean Energy proposed a significant nuclear energy project. The government aims to boost industrial development and create employment opportunities. Preparations for Bihar Business Connect 2026 are also underway.

Monsoon rains have caused 64 deaths and Rs 797 crore in losses across Himachal Pradesh. One hundred twenty roads remain closed, and many water supply schemes are disrupted. The Hindustan-Tibet road was reopened after a significant landslide in Kinnaur. Moderate to heavy rain continues, with a yellow alert issued until August 12. Manali and Dharamshala recorded significant rainfall in the past 24 hours.

India's

Etsy is reducing its global workforce by approximately twelve percent. This significant restructuring impacts around two hundred twenty employees, primarily in Product and Engineering. The company's CEO stated these decisions were not driven by cost-cutting or artificial intelligence. This move follows strong second-quarter financial results and a raised full-year guidance. Affected employees will receive comprehensive severance packages and healthcare support.

Quote of the day by Perez Hilton serves as an inspiring reminder that perfection is neither realistic nor necessary. What truly matters is embracing the process, remaining open to change, and committing to continuous personal development. By choosing progress over perfection, people create lives filled with authenticity, resilience, purpose, and lasting fulfillment, proving that the greatest achievement is not becoming perfect but becoming better with every passing day.

CRPF suicides hit a five-year high of 59 in 2025, with constables most affected. Most deaths occurred while personnel were actively on duty, sources indicated. Home issues combined with service rigors are largely linked to these tragic incidents. Over 281 personnel took their lives between 2021 and July 2026. The force is implementing measures for troop physical and mental well-being.

The Securities and Exchange Board of India (Sebi) is set to refine regulations for stock exchanges and clearing corporations. There will be a distinct master circular for clearing entities, alongside enhanced website disclosure obligations. Additionally, existing provisions regarding stock brokers are to be eliminated from current master circulars. This initiative seeks to unify standards and ease the regulatory landscape.

Sebi has put forth proposals to permit REITs and InvITs to channel their investments into under-construction projects. This initiative is designed to establish a consistent stream of revenue-producing assets over the long term. Moreover, the regulator plans to shorten the cooling-off period for privately placed InvITs. Notably, common remote infrastructure will now be classified as real estate for REITs.

Crompton Greaves Consumer Electricals has reported a remarkable 15.17 percent increase in net profit for the June quarter, alongside an 11.84 percent rise in revenue from operations. The company has successfully achieved double-digit growth across all its business segments, bolstered by strategic price hikes and enhanced cost efficiencies. This impressive performance underscores the ongoing growth momentum the company is experiencing.

US worker productivity saw a stronger than anticipated 1.4% rise last quarter. This growth follows a revised 0.8% increase in the prior period. Businesses investing in artificial intelligence are expected to drive further productivity gains. Unit labor costs also increased at a slower pace than economists predicted. This trend suggests AI may help keep wage inflation contained.

Today's Top Quote of the Day by Jensen Huang, Tim Cook and Jeff Bezos: In an era defined by rapid technological disruption and shifting economic paradigms, leadership is tested not by standard playbooks, but by foundational philosophy. Few figures exert as profound an impact on modern commerce, technology, and global culture as Jensen Huang, Tim Cook, and Jeff Bezos. Managing enterprises that drive artificial intelligence, personal computing, and global infrastructure, these leaders offer far mo

Jonathan Taylor has signed a significant contract extension with the Colts. This new deal secures the star running back for two additional seasons. The agreement includes substantial guaranteed money, showing team commitment. Taylor is now closer to becoming the franchise's all-time leading rusher. This move highlights the Colts' aggressive offseason spending strategy.

Spain's sports minister expressed confidence the 2030 World Cup final will be in Spain. She stated Spain deserves to host the title game due to its strengths. FIFA denied reports that the final was awarded to co-host Morocco. The Spanish government was surprised by the news but noted FIFA's denial. Spain will continue working with FIFA to secure the World Cup final.