The Economic Times

Employers can now contribute $2,500 each year to Trump Accounts designed for children's savings. Alongside this, employees have the option to make pre-tax payroll contributions to these accounts. Known as Invest America accounts, the initiative seeks to boost awareness and encourage responsible savings for the future. Additionally, Michael Dell's foundation has pledged a whopping $6.25 billion to enhance savings programs for children across the U.S.

India's urea import offers dropped significantly, signaling market easing after war-driven tightness. Offers for the soil nutrient were twelve percent below June's purchase price. State-run producers received bids for millions of tons against tender requirements. Prices have crashed to less than half of earlier war-driven levels. Vessel traffic through the Strait of Hormuz has held below normal.

In an exciting development, Union Civil Aviation Minister Rammohan Naidu unveiled new IndiGo flight services that link Vijayawada with Varanasi and Kolkata. The flights will operate every Tuesday, Thursday, and Saturday, generating considerable enthusiasm among passengers. Local MP Vallabhaneni Balashowry expressed interest in having direct international flights to Dubai and a connection to Kochi, as the Ministry of Civil Aviation aims to enhance Vijayawada's transport options.

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Air India chief Campbell Wilson urged staff to do the right thing even when unobserved. He highlighted instances of employee travel privilege misuse and other violations since privatization. Around one thousand employees have been terminated for various rule breaches since January 2022. Systems and controls are being tightened to prevent and address abuse within the airline. Wilson will depart next month after leading the company through these changes.

Socrates' quote of the day, If you wish to be loved, you must first show yourself worthy of love by performing deeds of true goodness, offers a simple lesson about love, kindness and character. The ancient Greek philosopher suggests that people should not only expect affection and respect from others but also show through their actions that they are worthy of it. The quote also reflects Socrates' wider interest in virtue, morality and the question of how a person should live a good life.

Leicester City's Thai owners, King Power, have reportedly placed the club up for sale. This comes after successive relegations from the Premier League and Championship. The club was also docked six points for financial rule breaches last season. A US investment bank is assisting in finding a buyer for the club. The Foxes begin their League One campaign this Saturday.

Warner Bros. officially announced that a sequel to Hogwarts Legacy is currently in the works. The first installment achieved remarkable success, selling over forty million copies globally. Anticipation is high for this new chapter, which is expected to enhance the company's profit outlook significantly. While fans eagerly await updates on gameplay and release schedules, a fresh television adaptation of the franchise is also being undertaken.

Somali referee Omar Artan officiated the UEFA Super Cup after missing the World Cup. He was denied entry to the United States due to alleged terrorist ties. UEFA offered him the Super Cup match after the Miami incident. Artan expressed gratitude to UEFA and the Confederation of African Football. This appointment also signifies a political gesture by UEFA towards FIFA.

US Defense Secretary Pete Hegseth stated the Navy can maintain an indefinite blockade of Iran. Ships will be rotated in and out of the region as needed for sustained pressure. President Donald Trump asserted complete control over the Strait of Hormuz. The US Navy has redirected over fifty commercial vessels attempting to breach the blockade. Military forces have also disabled and boarded several ships during operations.

Israeli troops occupied Palestinian homes in Qusra village on Thursday. Settlers had trapped Palestinian families in a siege since the weekend. The United Nations reported some fifteen Palestinians were trapped without water or electricity. The Israeli military stated soldiers were deployed to protect residents and maintain security. The U.S. Ambassador called the settlers Israeli terrorists and their actions criminal.

An explosion struck an ammunition manufacturing plant in Colleferro near Rome on Thursday. Local authorities confirmed the incident at the former Simmel Difesa facility, now KNDS Ammo Italy. Initial reports indicated no injuries and all workers were safe following the blast. The explosion may have originated in the plant's powder-pressing department. Emergency crews responded to the site as the fire continued to burn.

Bangladesh has enforced earlier closing times for businesses to save electricity. Severe gas shortages are significantly impacting the nation's power generation capacity. Load-shedding now extends for up to twelve hours daily across several regions. Global energy market volatility, including the Iran crisis, exacerbates import challenges. The country faces a persistent gap between its energy demand and available supply.

Quote of the Day by Cher: Chers quote, If you really want something you can figure out how to make it happen, explores the importance of determination, ambition, and persistence in achieving personal goals. The quote suggests that when a person genuinely wants something, they can look for solutions, overcome obstacles, and find ways to turn their dreams into reality rather than allowing difficulties or setbacks to stop them.

Quote of the day by Lewis Carroll: Lewis Carroll's quote distinguishes genuine joy from mere amusement. He believed true happiness aligns with life's deeper aspects. Constant mockery can diminish the importance of serious matters. Finding a balance between humor and seriousness is a key life lesson.

The quote of the Day by Nikola Tesla, I do not think you can name many great inventions that have been made by married men explores the famous inventors provocative views on marriage, creativity, ambition and the sacrifices behind extraordinary achievement. Nikola Tesla meant that he believed great inventions often require intense focus, and marriage could bring responsibilities that divide that attention.

Career coach Simon Ingari recently shared a brilliant post on how a Gen Z employee, whose manager was trying to pressure him into attending a client call after work hours, outwitted his boss and established that he would not be expected to work after hours.

A federal judge dismissed a lawsuit filed by the Trump administration against Harvard University. The administration alleged Harvard failed to protect Jewish and Israeli students from harassment. Judge Richard Stearns ruled the lawsuit did not show an ongoing civil rights violation. This decision means the legal challenge against the university has been unsuccessful. The court found no plausible evidence of current federal law breaches on campus.

Quote of the day by Tom Holland: Tom Holland's famous quote, I think the most important thing is to be grateful for what..., is a simple reminder to be grateful for what we have. The Spider-Man stars words carry a message about happiness, family, love, and meaningful relationships. In a world that moves fast, this quote asks us to pause. Sometimes, appreciating the people and moments in our lives is the greatest lesson of all.

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Generation Z is often unfairly condemned as lazy and entitled. Taking to X, a popular career coach explained how the current generation of employees is far from being entitled. They are just establishing boundaries when there were none before

How AI is saving elephants: Gajraj AI technology is helping strengthen wildlife protection near Coimbatore by reducing the risk of elephant-train collisions. With thousands of real-time alerts, the system enables train drivers to slow down or halt, allowing elephants to cross the railway tracks safely. The system has facilitated nearly 9,500 safe elephant crossings, with zero reported elephant fatalities on the monitored railway stretch. The AI-powered network also helps detect other wildlife sp

Spider-Man: Brand New Day has brought Tom Holland back as Peter Parker, with Zendaya also returning in the latest chapter of the MCU's Spider-Man story. The film continues the events of Spider-Man: No Way Home and introduces a new phase in Peter Parker's life as he faces fresh challenges. While the movie is currently playing in theatres, fans are already waiting to know when they can watch it from home. Here is what we know so far about its OTT release plans, expected timeline and possible strea

India is embarking on a transformative journey with plans for four specialized critical mineral processing parks in strategic states, emphasizing lithium and nickelessential components for battery production. Spearheaded by state governments, this initiative aims to harness central technical support and is in line with the National Critical Mineral Mission's vision for self-reliance, propelling the country toward a sustainable green energy future.

Sometimes, we are to blame for all of our own suffering. Russian literary master Fyodor Dostoevsky once shared a bitter truth that, a lot of times, people are to blame for the misery in their lives.

In 1870, William Gladstone Steel came across a newspaper story about Crater Lake in Oregon while the paper was being used to wrap his lunch. The unusual discovery stayed with him for years, and after finally seeing the lake in 1885, he became determined to protect it from development. Steel spent the next 17 years petitioning, lobbying and building support for its preservation. His long campaign finally paid off in 1902, when Crater Lake was officially established as a national park, protecting

Olaus and Mardy Murie dedicated their lives to protecting America's wild landscapes. Their research and advocacy significantly influenced conservation efforts in Alaska. The couple's work was instrumental in the passage of a landmark conservation act. This legislation preserved millions of acres of vital natural areas. Their enduring legacy continues to inspire environmental protection movements.

Twenty bids were received for the government's rare earth magnet manufacturing scheme. This initiative aims to establish 6,000 metric tonnes of domestic production capacity. The scheme will support industries like electric vehicles and renewable energy sectors. It seeks to build a complete value chain from oxide to finished magnets. The program will run for seven years after facility setup and incentive disbursement.

Grievances against pesky calls and messages have risen significantly since 2022. Most complaints are filed against unregistered telemarketers, data shows. Telecom connections of pesky callers were disconnected, but numbers fell recently. Action on sponsoring entities has seen a continuous rise in blacklisting. Registered telemarketers also faced blacklisting actions by authorities.

No one likes people who delight in bringing others down and nitpicking others' faults. An old Korean proverb warns us about the pitfalls of being hypercritical it makes the environment toxic and can also ruin relationships.

Gujarat Chief Minister Bhupendra Patel highlighted the banking sector's crucial role in India's economic advancement. He urged banks to provide timely credit access to MSMEs and rural beneficiaries. The Chief Minister also stressed technology's importance for supporting entrepreneurs and startups. State Chief Secretary M K Das emphasized government and banking sector coordination for development. Vigilance against cyber fraud and expanding branch networks were also discussed.

Parliament approved the Mines and Minerals Amendment Bill, 2026, on Thursday. This legislation empowers the central government to regulate state taxes on mineral rights. Excessive fiscal burdens were cited as a reason for the new restrictions. The move follows a Supreme Court verdict allowing states to levy additional mining taxes. A uniform fiscal framework will guide future mining tax impositions across the nation.

The Multi Commodity Exchange of India has launched crude sunflower oil futures contracts. This move aims to provide risk management options for India's edible oil sector. The new contract will help participants hedge against price volatility and improve efficiency. India relies heavily on imports for its edible oil requirements. MCX seeks to deepen the edible oil ecosystem and enhance price risk management tools.

Betty Reid Soskin lived through some of Americas defining moments, remembering Amelia Earharts tragic disappearance and the 1944 Port Chicago explosion. Named California Woman of the Year in 1995, she later joined the National Park Service and became its oldest ranger, spending her later years preserving overlooked stories of Black Americans and women during World War II.

A California family fought the government over ancestral ranch land. The Gherini family believed their island property was worth millions more. After years of legal battles, a jury awarded them $12.7 million. This compensation was significantly higher than the initial government offer. The case highlighted the clash between private heritage and public conservation goals.

Tata Motors Passenger Vehicles will maintain its growth strategy and capex plans. The company's Managing Director confirmed no changes despite leadership transitions. Future plans include a 20 percent domestic market share by FY31. This involves nearly doubling annual volumes and launching new models. Production capacity will also increase significantly within a few years.

Gold imports rose slightly in July, while silver imports significantly declined. This trend followed a sharp increase in the customs duty on precious metals. Switzerland remained the primary source for India's gold imports during this period. Cumulatively, gold imports grew substantially, but silver imports saw a decrease. These import figures impact India's overall current account deficit.

LG India reported strong June quarter results with revenue up fifteen point five percent. Bigger television screens and premium appliances are driving current sales momentum. The company expects continued growth from larger screens and new product launches. Festive season demand and exports will further support the fiscal year twenty twenty-seven outlook. LG India retains its mid-teen revenue growth and double-digit EBITDA margin goals.

Petronet LNG of India faces challenges in securing a reliable Qatari natural gas supply for September due to Qatar's force majeure announcement, affecting 56 cargoes. To compensate, Indian firms are diversifying their LNG imports from Oman, the US, Nigeria, and Angola. Existing contracts indicate that any late Qatari deliveries could be postponed until April 2028. Simultaneously, Petronet's agreement guarantees 600,000 metric tons of LNG from the Gorgon project in Australia.

AI is no longer just for tech teams; it's a business imperative for Indian entrepreneurs. Understand where AI creates value, not how it's built. AI literacy empowers smarter decisions, driving competitive advantage for businesses of all sizes. Learn to leverage AI for growth without becoming a coder.

Birla Estates has secured redevelopment rights for a 3.06-acre housing society in Vashi, marking its entry into Navi Mumbais redevelopment market. The premium and luxury residential project has an estimated revenue potential of about 2,600 crore.

India has the potential to enhance price discovery for domestic commodities and broaden its onshore hedging capabilities, MCX's report said. With robust market depth and infrastructure, the country can shift pricing authority locally, it added.

Business tycoon Anand Mahindra recently praised a homegrown 10-gram cooling technology has challenged a long-standing Western stronghold in the field of advanced cooling solutions.

Samsung Electronics is establishing a dedicated factory in Pune for HVAC products. This new facility will serve AI data centers and other critical infrastructure. The plant, operated by FlktGroup, aims to export products across the Asia-Pacific region. It will produce air handling units and fan wall units for various applications. Production is expected to expand to 6,500 HVAC units annually.

Bharat Heavy Electricals Limited has partnered with Norway's Hystar AS for manufacturing electrolyser systems. This collaboration will support India's growing green hydrogen projects and initiatives. BHEL also previously tied up with thyssenkrupp nucera for alkaline electrolyser systems. These strategic alliances enhance BHEL's capabilities in offering diverse electrolyser solutions.

Narayana Health and the New Development Bank have signed a knowledge-sharing agreement. This partnership aims to strengthen smart hospital capabilities and patient-centric healthcare services. The collaboration will focus on digital health and technology transfer for emerging economies. NDB president Dilma Rousseff and Narayana Health chairman Dr Devi Shetty signed the memorandum. This initiative supports NDB's mission to finance development projects in emerging markets.

Jaro Education reported a 48.27% year-on-year rise in profit after tax to Rs 11.16 crorefor the quarter ended June 30, 2026, compared with Rs 7.53 crore a year earlier. Its total income increased 19.43% to Rs 72.62 crore.

Commerce Secretary Rajesh Agarwal says India-US trade talks remain on track despite tariff shifts, as both sides stay committed to February's framework deal amid a looming Russian oil tariff bill in the US Senate.

Indian banking system deposits have reached a record high after recent significant growth. This surge is primarily supported by dollar inflows into banks from a central bank scheme. The Reserve Bank of India's foreign-currency non-resident scheme attracted substantial foreign currency deposits. These inflows have helped boost overall banking system deposits to a new record level. Credit conditions are expected to remain strong as deposit growth continues.

In a recent interview with director-turned-YouTuber Farah Khan, Union Minister for Road Transport and Highways Nitin Gadkari revealed how he lost a whopping 46 kgs. He said that his weight loss journey was purely a product of discipline and not compromising on being active.