The Economic Times

The Economic Times 40 under Forty competition is returning for its twelfth edition. A distinguished eleven-member jury will convene to select the honorees. This esteemed panel is led by Kiran Mazumdar-Shaw of Biocon Ltd. They will evaluate candidates from a large pool of over six hundred nominations. The jury will choose forty individuals for this prestigious recognition.

Multinational companies are increasingly hiring India-based leaders for global responsibilities. India's growing strategic importance and deep leadership pool drive this significant trend. Global capability centers are evolving into innovation hubs, expanding leadership mandates. Executives now combine global, regional, and local responsibilities with substantial compensation packages. Technology, financial services, and healthcare sectors are seeing this leadership shift.

In a communication to the Karnataka government, the union heavy industries ministry said a tender for electric buses under the PM E-DRIVE scheme concluded last year but letters of award for the provisioned buses are yet to be issued by the state.

The phrase 'break the ice' means easing social discomfort and starting conversations. This expression originated from ships clearing frozen waterways for safe passage. Today, it symbolizes removing emotional barriers between unfamiliar individuals. Various social situations benefit from this technique to foster comfort. Knowing how to 'break the ice' remains an important social skill.

Psychology says people who like adventure activities and are always ready to feel the thrill aren't always careless or irresponsible. Research suggests many thrill seekers enjoy challenging experiences because they seek new sensations, personal growth, learning, and excitement. Their behavior is often linked to personality traits, brain responses, and motivation. Understanding this pattern helps explain why some people enjoy adventure sports, travel, and new experiences while others prefer routi

India's competition regulator is taking a stand by appealing to the Supreme Court over a tribunals recent decision that invalidated a 300-crore penalty against Grasim Industries. This penalty related to accusations of monopolistic behavior in the viscose staple fibre market. The tribunal mandated that Grasim be given an opportunity for defense, prompting the regulator to aim for the restoration of its previous decision against the company.

The power ministry has introduced a new credit trading system aimed at Corporate Average Fuel Efficiency standards. Under this initiative, manufacturers can trade excess compliance credits and purchase them from the Bureau of Energy Efficiency. The framework includes credit and debit accounting, allowing manufacturers who surpass targets to earn credits, while those who don't accumulate debits.

Ultra Maritime will become a part of Lockheed's rotary and mission systems, which reported revenue of $17.3 billion in 2025 and employs 35,000 people worldwide. Sustained conflicts in Ukraine and the Middle East, and U.S. President Donald Trump's $1.5 trillion defense budget request for 2027 are driving up demand for weapons and military technology, pushing defense contractors to expand their capabilities.

The Delhi High Court has sought the government's response regarding a petition filed by Delhi Gymkhana Club members. The club and its staff association are challenging a show-cause notice for eviction from its Lutyens' Delhi premises. The court issued a notice to the central government and posted the matter for further hearing on July 28.

Fresh violence erupted in Manipur's Kangpokpi district on Sunday. Armed miscreants opened fire at Thingkhongjang village, injuring two people. A minor was among those injured and both were sent for specialized treatment. Civilian houses were deliberately set on fire during the attack. The district administration had assured villagers of their safety.

French proverb, You should never say, Fountain, I will never drink your water! highlights the importance of humility, open-mindedness, and preparing for life's uncertainties. The saying reflects the idea that circumstances can change unexpectedly, making today's rejected place, or opportunity essential tomorrow. It suggests that people should avoid making absolute promises or burning bridges because the future is unpredictable. Instead, the proverb encourages flexibility, respect, and the wisdom

Pakistan's Deputy Prime Minister Ishaq Dar faces intense pressure for his removal. His grandson, Muhammad Raza Dar, was arrested for abduction and rape charges. Two foreign nationals were allegedly gang-raped in Lahore after being brought to Pakistan. Politicians are demanding Dar's immediate resignation due to the serious allegations. The Deputy Prime Minister has not yet issued a public statement.

The CBI conducted searches at twenty-six locations across eleven states and Union Territories. These searches are connected to four criminal cases involving alleged misappropriation of Border Roads Organisation funds. The investigations focus on irregularities in casual labour deployment and payments for fake labourers. These alleged irregularities occurred in projects Vijayak and Yojak in Ladakh.

Terming this as our biggest achievement, the union minister of cooperation noted that when the ministry was established, the main concern raised by critics was that cooperation was a state subject and the union government would use the ministry to interfere in the work of states.

India is actively building relationships across the Indo-Pacific region. Prime Minister Modi's visits aim to strengthen ties with key nations. These partnerships focus on shared visions of a multipolar Asia. India seeks to enhance its strategic space and economic autonomy. This initiative underscores India's growing influence in the maritime domain.

The NIA filed charges against Hafiz Mohammad Saeed for the Pahalgam attack. Lashkar-e-Taiba and The Resistance Force were involved in the incident. This attack resulted in the deaths of twenty-six civilians last year. Saeed faces charges under the Bharatiya Nyaya Sanhita and UAPA. The agency detailed Pakistan's conspiracy and Saeed's role in its charge sheet.

The Supreme Court refused an urgent hearing for a PIL concerning alleged remarks. Justices advised the petitioner to approach the police first. The bench emphasized faith in the legal system and its processes. An influencer reportedly made derogatory comments which later went viral. The court stated parties should not bypass established legal procedures.

Government vendors will receive payments within three working days starting August. All ministries will fully switch to electronic bill processing, replacing paper documents. This move enhances ease of doing business and reduces payment delays for contractors. The government aims for end-to-end digital processing of expenditure with system-driven workflows. Each payment claim will now carry an automatically generated reference number for improved traceability.

The Shri Ram Janmabhoomi Teerth Kshetra Trust accepted resignations from key officials. Champat Rai and Anil Mishra stepped down following a preliminary report. Krishna Mohan was appointed as the interim general secretary of the trust. A committee will be formed to appoint a new chief executive officer. The trust will hold another meeting on July 22 to discuss further issues.

The Supreme Court will hear a DMK plea seeking to prevent public statements on a pending investigation. DMK alleges Tamil Nadu Chief Minister C Joseph Vijay and ministers may influence witnesses. The party cited reports of government jobs being offered to victims' families. DMK stated welfare measures are acceptable but not witness influence. The court agreed to take up the urgent matter on Tuesday.

Two Assam Rifles personnel died and others were injured in an ambush. The incident occurred on Monday afternoon at Nungshang Kong on NH 202. Heavy gunfire continued for several hours after the initial attack. Manipur CM Y Khemchand Singh condemned the killings and promised justice. State home minister Govindas Konthoujam also condemned the attack.

A Supreme Court petition demands transparency in ethanol-blended petrol distribution. It seeks display of ethanol percentages on fuel nozzles and bills. The petition also requests a vehicle compatibility database for various ethanol blends. It aims to protect consumers from potential vehicle damage and warranty issues. An expert committee is proposed to study E20 compatibility and its implications.

Goyal will visit Spain, Belgium and Finland on July 14-15 with a delegation of business leaders as part of preparations for implementing the trade pact. He is also scheduled to meet EU Trade Commissioner Maros Sefcovic in Brussels. We have already started marketing Indian goods and services so that we are future-ready to get the best out of the FTAs that we have finalised, Goyal said at an event organised by the Council for Leather Exports.

Direct cash transfers to women boost household savings and spending effectively. Schemes in Maharashtra and Odisha showed significant improvements in savings. Monthly account balances increased substantially for beneficiaries in both states. Consumption spending also saw notable increases after these transfers were implemented. Expanding these programs can combine financial aid with women's economic empowerment.

Kharif sowing lags significantly behind last year due to delayed and uneven monsoon rains. Paddy, pulses, and oilseeds acreage shows substantial year-on-year declines. This reduced planting raises concerns about potential crop output and food inflation. Sugarcane acreage has seen a slight increase, bucking the overall trend. Below-normal rainfall forecasts for July further exacerbate these agricultural challenges.

Today's Quote of the Day by Audrey Hepburn is a timeless reminder to stay true to yourself. Her simple words carry a deeper message about identity, confidence, and authenticity. In a world that constantly pushes people to fit in, this quote explains why lasting influence begins with embracing your own unique style.

Mumbai Weather July 7: Mumbai is under an Orange Alert for heavy rainfall and strong gusty winds on July 7. In view of the weather warning, authorities have declared a holiday for all government, municipal and private schools and colleges across the city. The Brihanmumbai Municipal Corporation (BMC) has advised residents to avoid unnecessary travel, stay indoors unless essential, and remain cautious of waterlogged roads, fallen trees and unstable structures.

Quote of the Day by Marie Curie: Marie Curies quote, Each of us must work for his own improvement, and at the same time share a general responsibility for all humanity highlights the balance between personal growth and collective responsibility. The quote suggests that while self-improvement is essential for building knowledge, discipline, and character, it should never exist in isolation from society. It reminds us that true progress comes when individual effort contributes to the well-being of

Psychology says people who are good with numbers and love mathematics aren't limited to calculations or formulas. Psychology research shows that mathematical thinking is linked with logical reasoning, pattern recognition, problem-solving, planning, and decision-making. Studies also explain that enjoying mathematics does not reduce creativity or emotional understanding. This article explains what psychology says, the theories behind this behavior, research findings, and the lessons people can app

A Special Investigation Team found employees allegedly concealing cash during donation counting. Serious security and supervision lapses were identified within the counting room. Preliminary findings indicated repeated and systematic irregularities over several days. The trust accepted resignations amid controversy and appointed an interim general secretary. Further investigation and legal action will follow the detailed probe.

India and the European Union expect to finish legal scrubbing of their free trade agreement text soon. Both sides aim to sign the comprehensive trade pact by the end of this year. Implementation of this significant agreement is anticipated to occur next year. This pact will open twenty-seven developed countries for Indian businesses and exports. The leather industry is encouraged to target fifteen billion dollars in exports.

Cats have a habit that leaves many owners wondering: they quietly sit across the room and seem to watch your every move. It can feel mysterious, affectionate, or even a little unsettling. But animal behavior researchers say those long, silent stares are rarely random, and often reveal how your cat is reading you, your routines, and the world around it. Here's what scientists say your cat may actually be communicating when it locks eyes with you from across the room.

Japanese Proverb of the Day highlights the meaning of Never forget your beginners mind. This saying reflects the importance of staying open, curious, and humble, even after gaining experience or mastery in any field. It suggests that true wisdom comes from maintaining the mindset of a learner, where curiosity is stronger than ego and growth never stops.

Japanese mindset of the day by Shunryu Suzuki: Zen teacher Shunryu Suzuki emphasized accepting life's constant flow for inner peace. He taught that resisting inevitable changes causes suffering and disappointment. Suzuki-roshi moved to San Francisco in 1959, establishing the Zen Center. His teachings continue through numerous Zen centers and published books.

Motivational quotes for students: MS Dhoni's wisdom highlights the importance of learning from the mistakes of those who came before us. Their life experiences can offer valuable lessons for navigating challenges more wisely. Psychology also suggests that reflecting on failures promotes learning, resilience and personal growth. Dhoni's own journey is a testament to this, as he turned numerous early setbacks into stepping stones for success. Applying this lesson means listening to others' experie

Psychology says people who have a special kind of handshake for their friends, children or family aren't emotionally distant. Research shows these shared rituals help build trust, strengthen relationships, improve communication, and create lasting memories. From family traditions to friendship greetings, these simple actions support emotional bonding and social connection. Psychology explains why these routines matter, the theories behind them, and the lessons people can learn from this everyday

A Japanese proverb highlights that shared joy amplifies happiness and fulfillment. Even the finest experiences lose their savor when enjoyed in isolation. Meaningful relationships provide essential emotional well-being and a sense of belonging. This timeless wisdom emphasizes connection over material wealth for a richer life. Modern technology connects us globally but genuine companionship remains paramount.

African Proverb of the Day highlights the meaning of If you are looking for a fly in your food it means that you are full. The saying reflects how people often begin to focus on small faults and imperfections only after their basic needs have been met. It suggests that excessive criticism, unnecessary complaints, and fault-finding usually come from a place of comfort rather than genuine need, reminding us to practice gratitude, appreciate what we have, and keep minor problems in perspective.

Donald Trump stated both leaders desire an end to the ongoing Ukraine conflict. He mentioned speaking with Vladimir Putin and Volodymyr Zelensky over the weekend. Trump repeated his assertion of ending eight previous wars successfully. He claimed the India-Pakistan conflict could have involved nuclear weapons. The former president believes the Ukraine situation is nearing resolution.