The Economic Times
Elections 2026Economy / The Economic Times
Psychology says people who carefully open a gift and keep the wrapper for future use aren't simply trying to save paper. Psychology links this behavior to planning, resource management, emotional attachment, and mindful decision-making. Studies suggest that small daily habits can reflect larger thinking patterns. This explainer looks at the psychology behind preserving gift wrapping, the theories connected to it, research findings, and the life lessons people can learn from this habit.
The quote of the day comes from Keanu Reeves, whose life has been shaped by both remarkable success and heartbreaking personal loss, giving added depth to one of his most memorable reflections on life and mortality. His thoughtful words resonate with people because they highlight the importance of love, remembrance and the bonds people leave behind. Alongside the meaning behind the quote, his journey from humble beginnings to becoming one of Hollywood's most respected actors reflects a life mark
Proverb of the day: The saying, An army of sheep led by a lion would defeat an army of lions led by a sheep, explains why leadership is often more important than individual strength. The proverb highlights strategy, courage, morale, and direction. Though commonly linked to Alexander the Great, its exact origin remains uncertain. The message continues to guide people in workplaces, education, sports, business, and daily life.
Leading TV distributors like Tata Play and Airtel Digital TV are pushing for lower content fees from broadcasters. Facing subscriber losses and escalating channel prices, these platforms find current deals unsustainable. While some broadcasters are offering discounts, major players with strong channel portfolios are expected to resist demands for a 5-7% reduction, as the pay-TV market continues to shrink.
NCLT has cleared the Bhutani Group's acquisition of Entertainment City, which includes The Great India Place and Worlds of Wonder. The group plans a Rs 10,000 crore investment to transform the Noida site into a major entertainment hub. This NCLT order resolves a long-standing dispute, allowing Bhutani Infra to proceed with developing the 147-acre project, which also features vacant land for future expansion.
West Asian tourism destinations like the UAE, Saudi Arabia, and Oman are banking on India to revive their sector post-conflict. These nations are rolling out attractive travel deals and boosting flight capacity, with India showing resilient demand. Ras Al Khaimah, for instance, aims for 3.5 million visitors by 2030, with India as a key driver, already seeing significant growth.
India is set to host the BRICS Anti-Drug Agencies Meeting in Guwahati from July 6-7. This crucial gathering aims to bolster intelligence sharing and operational cooperation among member nations to combat the evolving landscape of drug trafficking, including synthetic drugs and darknet-enabled operations. The meeting will focus on practical strategies for interdiction, capacity building, and collective responses to emerging threats, marking a shift towards action-oriented collaboration.
Baskin Robbins' operator Graviss Group is reportedly in talks to acquire the India rights for Dunkin' Donuts from its global parent, Inspire Brands. This comes after Jubilant FoodWorks decided to exit its 15-year franchise deal due to mounting losses. If the deal materializes, Graviss is expected to revamp Dunkin's business in India, potentially introducing more localized offerings and a broader menu to revive the struggling donut-and-coffee concept.
India and Russia are targeting $50 billion in mutual investments by 2030, focusing on joint ventures in advanced manufacturing, critical minerals, and green technology. A recent meeting in Moscow saw both nations agreeing to encourage private sector exploration and collaboration. India highlighted its cost-effective skilled workforce and investment-friendly reforms, while the Making in Russia for India model was also promoted to boost bilateral industrial ties.
Dilip Asbe, CEO of NPCI, has joined Swift's global supervisory board, a significant step for India's payment ambitions. This appointment, pending regulatory approval, grants India a voice in global payment standards, recognizing the success of UPI. Asbe's leadership has been pivotal in developing India's advanced payment systems, positioning the nation as a key influencer in shaping future cross-border financial infrastructure.
India and Indonesia are set to launch the restoration of the historic Prambanan Temple during Prime Minister Modi's visit to Yogyakarta on July 8. This initiative underscores a deepening civilizational bond and a shared commitment to preserving cultural heritage. The project, a follow-up to a 2025 pledge, aims to translate this historical connection into tangible strategic cooperation, highlighting the importance of practical implementation in bilateral ties.
Maya Tata is set to spearhead Westside's e-commerce marketing as the fashion retailer gears up for aggressive global expansion. Leveraging her digital expertise, she will drive online growth for the brand, which is also rapidly increasing its store count domestically. This strategic move aligns with Trent's ambition to build Indian brands with international appeal, as evidenced by Westside's recent foray into the UAE.
Nearly 22 lakh voters have been removed from draft electoral rolls in Odisha, Manipur, Mizoram, and Sikkim as part of the Election Commission's Special Intensive Revision. Deaths and electors who have shifted residence account for most deletions, with Odisha seeing over 20 lakh removals. Manipur, however, reported the highest proportion of anomalies. Citizens can file claims and objections until August 4 to restore names before final rolls are published.
A special ledger allegedly maintained by CMRL's former CFO, Suresh Kumar KS, has revealed fraudulent cash flows into the Kerala firm. Probe agencies, including the ED, are investigating these alleged irregularities totaling 182 crore, which reportedly involved payments to various entities based on the MD's instructions.
Commemorating Dr. Syama Prasad Mookerjee's 125th birth anniversary, Prime Minister Narendra Modi highlighted his unwavering commitment to India's unity and national service. Mookerjee's life exemplified intellect, public service, and moral conviction, notably his stand against Partition's division and his sacrifice for Jammu and Kashmir's integration. His contributions to education, industry, and democratic values, including his critique of early constitutional amendments, are remembered as foun
Mbappe stutter-stepped on his way to his 19th goal in 19 World Cup appearances, beating Paraguay goalkeeper Orlando Gill in the 70th minute to break a scoreless tie. France's captain was awarded the penalty when Diego Gomez was called for tripping after a video review.
Allegations of mishandling pilgrim offerings at Badrinath Dham have prompted the Badrinath-Kedarnath Temple Committee to form a four-member panel for an impartial investigation. The probe was initiated after social media buzz surrounding the claims.
German auto parts giant Webasto is eyeing a $400-500 million IPO for its Indian unit by 2027, aiming to capitalize on India's booming car market, especially for sunroofs. The company, which supplies major automakers, is expanding its manufacturing capacity with a new facility in Haryana. Webasto Roofsystems India saw significant revenue and profit growth in FY25, reflecting strong market demand and strategic investments.
Jammu and Kashmir Police have launched a probe and conducted raids following the withdrawal of two books accused of promoting separatism. An FIR has been registered under stringent laws, including the Unlawful Activities (Prevention) Act. This action follows the suspension of eight education department employees and a ban on the authors and publishers of the controversial texts, highlighting the government's swift response to the matter.
Bank of Baroda settled a $600 million dispute with NMC Healthcare administrators, ending a protracted legal battle. This significant payout, wiping out a quarter of its projected profit, raises serious questions about the bank's governance and disclosure practices. The settlement, reached without admitting fault, highlights a perceived leniency in regulatory oversight for state-owned banks compared to private institutions, prompting calls for more equitable enforcement.
Ladakh's Pashmina sector is set for a significant boost following Lieutenant Governor Vinai Kumar Saxena's approval of two key initiatives. A 25% incentive for herders aims to enhance production of the prized fibre, while an 8 crore revolving fund will support the cooperative marketing society. These measures are designed to benefit nomadic communities, improve Pashmina quality, and prevent distress sales, fostering sustainable development.
A crucial meeting of the Shri Ram Janmabhoomi Teerth Kshetra Trust is set to address alleged donation irregularities, potentially deciding the fate of key officials. Discussions are expected to cover the temple's future management, financial reports, and a preliminary SIT probe. The potential resignations could lead to a trust reconstitution and the appointment of a CEO for smoother operations.
Life's greatest rewards often require stepping beyond your comfort zone. A Russian proverb wisely states, 'He who doesnt take risks doesnt drink champagne,' symbolizing that success and fulfillment are for those who embrace calculated risks. Overcoming the fear of failure and seizing opportunities, even amidst uncertainty, is crucial for growth, innovation, and achieving dreams. Don't let hesitation lead to missed possibilities.
Easing West Asian tensions have significantly improved India's fiscal outlook, with economists now predicting a smaller deficit than previously feared. Lower global crude oil prices are reducing the government's subsidy burden and boosting revenue prospects. While subsidy pressures and potential agricultural impacts remain concerns, the improved energy price scenario offers a more favorable fiscal path for the nation.
Farage is already under investigation by the standards watchdog over whether he should have declared a 5 million ($6.7 million) donation from a cryptocurrency billionaire he received before entering parliament. The Sunday Times reported that Farage was provided with security services, social media support and accommodation by George Cottrell, a long-standing ally, in the year before Farage was elected an MP in 2024.
Home Minister Amit Shah has ordered a 'zero coal leakage plan' and stricter enforcement against illegal coal mining and transportation in Jharkhand's Dhanbad region. Amidst rising concerns over coal theft, Shah directed officials to prioritize CISF deployment in vulnerable areas and ensure rigorous, coordinated action under the MMDR Act. The Coal Ministry will regularly review these measures.
Uber no longer plans to launch food delivery in five of the seven countries it had targeted for expansion this year, including Austria, Norway and Greece, the report said. It did not identify the other two countries. Earlier in the year, Uber said it planned to expand its food delivery business into seven new European markets - Austria, Denmark, Finland, Norway, the Czech Republic, Greece and Romania.
Foreign investors are receiving unexpected tax notices in India, even for transactions where no profit or dividend was earned. The tax department is initiating reassessment proceedings, questioning the absence of income tax returns for share purchases. Experts highlight that such notices, potentially triggered by remittance data, may be misapplied to transactions that didn't generate income, causing confusion and compliance burdens for overseas entities.
Lebanon was drawn into the wider Middle East war on March 2 when Hezbollah fired rockets at Israel in retaliation for the killing of Iran's supreme leader in joint US-Israeli strikes. Israel responded with massive airstrikes and a ground invasion of southern Lebanon, where its troops now occupy swathes of territory near the border.
Brazil vs Norway FIFA World Cup 2026 live streaming; Brazil faces a stern test against Norway in the FIFA World Cup 2026 quarter-finals, despite a mixed start to their campaign. Ancelotti's side narrowly advanced past Japan and now confront a historically challenging opponent, having never beaten Norway in four previous encounters. This crucial match kicks off on July 5th at New York New Jersey Stadium. Indian viewers can catch the action on Unite8 Sports and Zee5.
People who ask others for major favours are often seen as demanding, but psychology suggests that may not be the full story. A UCLA study found that many people make large requests because they naturally expect positive outcomes rather than focusing on rejection. Other psychological research, including the Ben Franklin Effect, also suggests that asking for help can sometimes strengthen relationships instead of harming them.
Psychology suggests that people who jump at loud noises aren't simply being dramatic. For others, it's a signal the brain immediately investigates, long before conscious thinking begins.
Denzel Washington's quote of the day begins with a humorous remark about the secret to his more than four-decade-long marriage before revealing a deeper message about humility, mutual respect and choosing peace over ego. Originally shared while discussing his relationship with wife Pauletta Washington, the quote reflects his belief that successful partnerships are built on balance rather than dominance.
UK-based Prudential Corporation Holdings is seeking regulatory approval to shift its status from promoter to investor in ICICI Prudential Life Insurance. This move is necessitated by Prudential's agreement to acquire a 75% stake in Bharti Life. Indian regulations prohibit an entity from being a promoter in two insurance ventures simultaneously. Prudential will consequently reduce its stake in ICICI Pru Life to below 10%.
Love's true magic lies in seeing imperfections yet remaining enchanted, as CS Lewis profoundly stated. This acceptance, not illusion, forms the bedrock of lasting relationships. In today's world of curated perfection, Lewis's insight reminds us that genuine connection thrives on understanding and embracing the whole person, flaws and all. His timeless wisdom, from A Grief Observed, continues to resonate, offering a powerful perspective on enduring love.
Mumbai braces for continued heavy downpours as an 'orange alert' remains in effect. While government and private offices will operate on July 6, educational institutions are closed for student safety. The city experienced significant rainfall in the past 24 hours, impacting air traffic with flight cancellations and diversions due to adverse weather and strong winds.
Ram Mandir's treasurer, Govind Dev Giri, has asserted that all audit reports are secure and denied involvement in daily donation collection, attributing oversight to local trustees. He expressed deep hurt over the theft incidents, urging impartial investigation to bring culprits to justice. Giri emphasized his commitment to truth and transparency, calling for foolproof future arrangements in donation management.
A common assumption is that people who can sleep through loud noises automatically have better or healthier sleep. Psychology and sleep research do not support such a broad conclusion. While some heavy sleepers do enjoy restorative sleep, others may still experience poor sleep quality even if they rarely wake up during the night.
Iran's top officials appeared at funeral prayers for Ayatollah Ali Khamenei, signaling defiance amid calls for revenge after an attack that triggered a war. Crowds chanted Death to America and Death to Israel, with some hard-liners targeting President Trump. Negotiations with the U.S. over the Strait of Hormuz and Iran's nuclear program are on hold until the multi-day funeral concludes, highlighting Iran's resolve.
Psychology suggests that people who frequently get into fights aren't always motivated by aggression alone. The encouraging news is that these patterns are not fixed.
Today's proverb from Russia explores the limits of human empathy, suggesting that people often find it difficult to fully understand hardships they have never experienced themselves. The article explains the meaning behind the saying, traces its origins from a traditional Russian folk proverb to its modern literary expansion, and looks at why its message about suffering, compassion and emotional resilience continues to resonate today.
India's sail training ship, INS Sudarshini, proudly sailed into New York on July 4th, joining a grand international naval event celebrating America's 250th independence anniversary. The vessel's presence highlights the strong and growing maritime partnership between India and the United States. This significant port call is part of INS Sudarshini's extensive Lokayan 2026 expedition, reinforcing global maritime cooperation and India's rich seafaring heritage.
Mumbai schools and colleges are closed Monday due to an orange alert for heavy rain and gusty winds. The city experienced over 200 mm of rainfall in 24 hours, leading to waterlogged streets and tragic treefall incidents. Airport operations were temporarily suspended, causing flight delays and diversions. Citizens are urged to stay indoors unless necessary.
Quote of the day by Miley Cyrus reminds us that many people face struggles that others cannot see, while their mistakes are often noticed quickly. The quote encourages empathy, self-worth, emotional strength and personal growth. It also explains why people should value their own feelings instead of depending on public approval and learn from mistakes instead of fearing judgment.
Assam's cabinet has greenlit several key initiatives, including modernizing mineral governance with new charges for sand and stone, and launching a unified 112 emergency response system. Land has been leased to AMUL for a milk chilling center, and several amendment bills, covering tourism, businesses, MSMEs, and land revenue, are set for assembly introduction. Foreign travel restrictions for officials have also been partially lifted.
INS Sanshodhak, the Indian Navy's fourth Survey Vessel Large, has arrived in Kochi, its new home port. Commissioned in Kolkata by Prime Minister Modi, this indigenously built ship boasts advanced hydrographic and oceanographic systems. Beyond its primary survey role, Sanshodhak can support disaster relief and function as a hospital ship, significantly boosting India's maritime capabilities and strategic reach.
Priyanka Vergadia's journey from failing IIT exams twice to becoming a Senior Director at Microsoft and earning an MBA from Wharton is a testament to resilience. Despite immense family sacrifice and financial risk for her US education, she persevered through academic and cultural challenges. Her success, she states, stems from consistency and self-belief, proving that setbacks can indeed pave the way for greater achievements.

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