The Economic Times

Sawan Amavasya, also known as Hariyali Amavasya, will be observed on August 12, 2026. Devotees will worship Lord Shiva and perform rituals for their ancestors on this auspicious day. The Amavasya Tithi begins early on August 12 and concludes late that evening. Bathing in holy rivers and making donations are considered highly beneficial practices. These traditions are believed to bring peace, happiness, and ancestral blessings to families.

The Powerball jackpot has soared to an astounding one billion dollars, with the next drawing set for Wednesday, August 12. Players have the option to receive their winnings as a lump sum or through an annuity. Despite the enticing prize, winning remains a daunting challenge with odds standing at 1 in 292.2 million. Previously, multiple smaller jackpots have already been awarded this year.

The Himachal Pradesh government has imposed a new cess on fuel. This levy of sixty paise per litre applies to petrol and diesel. The Widow and Orphan Cess came into effect from midnight on August eleventh. Revenue generated will support welfare measures for widows and orphaned children. This move follows recent legislative amendments empowering the state government.

In a notable legal decision, a judge mandated that the Kennedy Center compensate jazz musician Chuck Redd with over $250,000. This follows Redd's cancellation of a Christmas Eve show due to President Trump's name being displayed prominently. Although the Kennedy Center threatened legal action for $1 million, the judge dismissed the case, referencing a lack of a binding contract and the protective measures under the district's anti-SLAPP law.

Petronas subsidiary Gentari has begun exploring a sale of its Indian green mobility unit, Gentari Green Mobility India, which operates about 3,000 EV charging points across 11 states. The process comes after an earlier attempt to divest a significant minority stake in its Indian renewable power generation business failed to materialise.

Modern Bazaar is in talks with Reliance Retail, DS Group-owned Le Marche and two other premium chains for a strategic equity partnership or majority stake sale, even as its promoter says the business is not for sale. The gourmet grocery chain is battling falling store sales, quick-commerce competition, rising overheads and pending vendor payments.

Ambrose Bierces famous quote, Love: A temporary insanity curable by marriage, offers a witty and cynical take on romance and relationships. The quote, first published in The Cynics Word Book, reflects the American writers trademark humour and sharp observations about human nature. The article explores the meaning behind the line, its origins and Bierces remarkable life as a journalist, satirist, soldier and author.

Paulo Coelhos famous quote from The Alchemist,You will never be able to escape from your heart. So it's better to listen to what it has to say, offers a powerful lesson about understanding your feelings instead of constantly pushing them aside. The quote, spoken by the alchemist to Santiago, reflects one of the central ideas of the novel: that ignoring your inner voice may not make your fears, dreams or desires disappear.

The government plans a substantial compensation hike for atrocity victims under the SC/ST Act. Financial assistance will also be provided to states for special police stations. This move aims to strengthen the enforcement of the SC/ST (Prevention of Atrocities) Act. The proposal seeks to address concerns over inadequate institutional infrastructure for handling such cases. Compensation for victims is expected to rise significantly after a decade.

Living a life of simplicity, Willie Browne placed a higher value on the beauty of nature than on riches. He generously donated part of his land to support the Campfire Girls, consistently rebuffing multi-million offers from developers. Opting for conservation, Browne entrusted his land to The Nature Conservancy, ensuring its natural wonder endures for years to come.

An Air India pilot who operated the Phuket-Delhi flight that rapidly lost around 300 feet, injuring 17 passengers, tested positive for marijuana in a confirmatory test. DGCA rules allow rehabilitation after a first positive test, while Air Indias policy mandates termination.

Indias drug regulator has directed states to crack down on the unauthorised manufacture and sale of Enclomiphene products. CDSCO said the drug requires central approval and asked authorities to identify violators, take regulatory action and submit compliance reports.

The Delhi High Court has directed Sun Pharma Laboratories to seek its approval before launching semaglutide tablets, following Novo Nordisks patent infringement plea. The court also sought Sun Pharmas response to Novo Nordisks claim of patent protection for the tablet formulation.

Government subsidies for electric two-wheelers will continue until March 2028. The PM E-DRIVE scheme now has an additional 1,000 crore allocated. Electric two-wheeler sales have already surpassed initial program targets. Electric three-wheelers no longer require these government incentives. Electric buses received the largest subsidy allocation under the PM E-DRIVE scheme.

Zee Entertainment seeks SEBI clarification on its proposed fundraise from promoters. The company also challenged the regulator's market access ban order at SAT. Hearings for the ICC TV rights dispute arbitration with JioStar have concluded. Both parties are now filing post-hearing briefs for the arbitration. An outcome for the arbitration is anticipated possibly in the third quarter.

Fitch Ratings kept India's sovereign credit rating at BBB- with a stable outlook. Robust growth and solid external finances balance fiscal weaknesses and energy shocks. India's macroeconomic stability and policy credibility could underpin continued robust growth. High deficits and debt constrain the rating, despite recent fiscal consolidation efforts. The agency forecasts 6.4% GDP growth for India over the medium term.

Indias drug regulator has clarified that new drugs not approved anywhere globally must undergo the full domestic regulatory process, even if Indian patients participated in global clinical trials. CDSCO said such applications require comprehensive safety and efficacy evaluation under existing rules.

Manufacturers are now selling distinct product versions online and in physical stores. This strategy aims to reduce conflicts arising from e-commerce discounting practices. Companies like LG and Haier offer varied features and warranties across sales channels. Online sales are steadily increasing their market share for appliances and electronics. This approach helps maintain relationships with a large dealer network.

African proverb of the day, Even the best cooking pot will not produce food, explains why talent, skills, education, money and resources cannot create success without action. The proverb compares potential with an empty pot and effort with the ingredients and fire needed to prepare food. It teaches planning, responsibility, initiative, hard work and execution as necessary steps towards achieving goals.

The United States has urged Pakistan to improve fiscal transparency measures. Pakistan must subject military and intelligence budgets to public oversight. Information on government debt obligations, including state-owned enterprises, needs disclosure. The US report noted Pakistan did not publish its executive budget proposal promptly. This initiative supports appropriate use of US taxpayer funds and champions transparency.

In an unexpected move, Brad Lightcap, an instrumental executive at OpenAI, announced his departure to chase fresh opportunities. Since joining in 2018, he has been vital in shaping the company's enterprise business alongside Sam Altman. Despite leaving, Lightcap maintains a strong faith in OpenAI's vision and intends to assist the team as he ventures into new projects.

Quote of the day by Chris Hemsworth offers a warm reminder that heroism often begins at home. The people who influence us most may not realize the extent of their impact because they are simply living their lives. Their sacrifices can seem ordinary to them while becoming defining lessons for their children. A parent's work ethic can inspire ambition. Their kindness can shape compassion. Their resilience can teach courage. Their ability to love through difficult circumstances can provide a lifelo

Ukraine has presented its proposals to United States negotiators for a peace plan. President Volodymyr Zelenskyy conveyed these ideas during his nightly video address. The United States can bolster Ukraine's defense capabilities, particularly air defense systems. This assistance aims to pressure Russia into ending the ongoing conflict. Ukraine seeks a resolution rather than a prolonged continuation of hostilities.

In 1856, an English chemist invented a unique material which set the foundation stone for huge global industry. Alexander Parkes developed Parkesine, a material made from nitrocellulose and other substances. It became the first man-made thermoplastic and later became a precursor to celluloid. Parkes displayed Parkesine in London in 1862, but production problems prevented his company from succeeding commercially.

A new regulation threatens alternative investment funds' established structures. These funds have relied on Indian ownership for sponsor and manager control. The draft rules suggest foreign investor funding could now determine control status. This change may impact investments in restricted sectors like real estate. Existing funds await clarity on grandfathering and future foreign investment rules.

India and Southern African Customs Union will sign terms of reference for trade pact negotiations soon. These talks are expected to conclude within one year of their formal commencement. India and Namibia have identified critical minerals for bilateral economic cooperation. Various sectors like renewable energy and health will see increased collaboration. Future joint committees will review progress on these agreements and initiatives.

Indian Railways will resume supplying passenger coaches to Bangladesh after a decade. The Rail Coach Factory in Kapurthala is dispatching a 19-coach rake for Bangladesh Railway. This shipment includes AC sleeper, AC chair, and non-AC chair cars. The project is funded by the European Investment Bank and awarded to RITES. These coaches feature crashworthy design and a 415 V electrical system.

A family's land dispute inside a national park led to government acquisition. Remarkably, a family member retained the right to lease it for her summer home. She treasured this place, and Congress eventually granted her a lifelong right to use the cabin, ensuring her continued enjoyment.

8 Baby Names Inspired by Famous Artists and Their Iconic Masterpieces

The government has advised exporters, banks and trade bodies to exercise heightened caution while dealing with Bhutan-based Legoy Powersports and Druk A-Z Store, citing potential trading risks and lack of cooperation in resolving concerns involving the two firms.

The pilot-in-command of an Air India Phuket-Delhi flight tested positive for marijuana after a recent incident. This confirmatory test followed an initial non-negative screening report received upon arrival. The incident occurred on a Phuket-Delhi flight which experienced a sudden loss of altitude. The AAIB is investigating the circumstances surrounding the flight's turbulence and has urged public to avoid drawing conclusions on the matter.

Bengaluru woman Jancy BV overcame family hardship and financial struggles to become an auto-rickshaw driver. Her husband Vinod provided crucial support and training, enabling her professional journey. After achieving personal success, Jancy began training other women to drive autos. She aims to provide independence and opportunities for women through driving skills. This initiative allows women to stand on their own feet and gain true independence.

The Samsung Galaxy Z Fold8 addresses some of the biggest complaints about Samsungs foldable line-up with a lighter 201-gram design, a wider 5.5-inch cover display and a new 4:3 8-inch inner screen. The improved proportions make it more comfortable for reading, watching videos and multitasking, while the Snapdragon 8 Elite Gen 5 for Galaxy delivers flagship-level performance. Its cameras also offer strong results, though the lack of a dedicated telephoto lens and S Pen support remain notable comp

Kenneth Deardorff, a Vietnam veteran from California, moved to remote Alaska in 1974 and filed a homestead claim along the Stony River. After years of living and working on the land, he completed the legal requirements in 1979 but did not receive the official patent until 1988, making him the last person in US history to receive a homestead title under the Homestead Act.

Headed by Rajya Sabha MP Sanjay Kumar, the committee on transport, tourism and culture presented its 392nd report on Enabling Inclusive, Digital and Sustainable Bus Transport: Policy, Regulation and Public-Private Partnership for Next-Gen Mobility on Tuesday, calling for greater safety of passengers and enhanced accountability of bus operators.

Karnataka has issued a detailed food-safety advisory for hotels, restaurants, caterers and food businesses amid intensified inspections across Bengaluru. The guidelines mandate strict hygiene, safe storage, temperature controls, food-handler health checks, pest control and proper waste disposal. The move follows recent inspections that found large quantities of expired, rotten and mislabelled food.

Some of the key provisions introduced in the revised model concession agreement (MCA) include the buyback option, revenue support to concessionaires and traffic-risk sharing between the concessionaire and the government, making build-operate-transfer (BOT) projects more bankable, risk-free and attractive for the private sector.

Leonardo DiCaprio's memorable line from Inception, 'An idea is like a virus,' captures the dynamic character of thoughts. The quote dives into how even the tiniest notion can blossom into monumental choices, routines, and shifts in life. It stresses the importance of cultivating curiosity and taking proactive steps with emerging ideas, while warning against letting negative beliefs spread like wildfire.

Amgen will open a new science and innovation center in Hyderabad's Genome Valley. This facility is expected to become operational by the year 2027. The center will integrate experimental science with data and technology. It will expand Amgen's global research and development capabilities significantly. This investment highlights Hyderabad's growing importance as a global research hub.

Celebrity nutritionist Luke Coutinho recently revealed how some of our habits at home are inadvertently making us unhealthy, and no, it has nothing to do with our diet or not eating right.

FSSAI has banned plastic-based packaging for pan masala under new regulations. These rules, effective from their publication, mandate paper or naturally derived materials. Tin and glass containers are also permitted packaging options for the product. This amendment aligns with broader FSSAI efforts to enhance food safety compliance nationwide. The regulator has also issued notices to several food brands and delivery platforms.

A Mumbai court rejected Purvi Modi's plea for a video conference statement. The court stated an accused cannot dictate investigation procedures. Her physical appearance was deemed necessary for the ongoing fraud investigation. The court noted her past conditional pardon required her return to India. Purvi Modi's conduct suggests no genuine intention to submit to court jurisdiction.

Combining different seeds presents an array of essential minerals, healthy fats, and fiber, contributing to overall nutritional balance, claims celebrity nutritionist Luke Coutinho. Sesame, pumpkin, and garden cress seeds are rich in calcium and magnesium, vital for bone strength. Garden cress seeds excel in providing iron, which is crucial for oxygen transportation. Sesame seeds are packed with antioxidants and heart-healthy fats, while fiber from seeds promotes gut health and aids in maintaini

Rapid7, a notable player in cybersecurity, has announced a workforce reduction of around twelve percent as part of its strategic shift towards an AI-first approach. This decision aligns with their goal to boost investment in AI-driven security solutions and refine their core platform. Additionally, the company is forming a new leadership team intended to spearhead this innovative AI initiative, ultimately striving for improved operational efficiency and enhanced customer service.

India is examining Bangladesh's request for Sheikh Hasina's extradition. The government stated its position on the matter remains unchanged. Investigations are ongoing regarding the murder of activist Sharif Osman Hadi. High Commissioner Dinesh Trivedi met with Prime Minister Tarique Rahman in Dhaka. Both nations discussed strengthening bilateral relations and mutual interests.

Bengaluru authorities sealed a Zepto warehouse for hygiene and labeling violations. The Food Safety Department conducted inspections following numerous public complaints. Hotels also faced scrutiny, with expired products and unhygienic storage discovered. Over one hundred kilograms of food articles were seized from several establishments. This enforcement drive now extends to quick-commerce warehouses across Karnataka.

The next time you walk into a room and suddenly forget why you went there, it may be easy to blame your memory. But psychology offers a more intriguing explanation: your brain may have just encountered an event boundary. As your surroundings change, your mental context shifts too. New information becomes more relevant, while the intention you were holding onto can temporarily become harder to retrieve.

Quote of the Day by Enid Blyton: Enid Blytons quote, If you cant look after something in your care, you have no right to keep it, explores the importance of responsibility, care, and accountability. The quote suggests that having something in our possession also means accepting the responsibility to protect, support, and care for it properly rather than neglecting its needs.