The Economic Times

The scheme allows customers to borrow up to 12 times their deposit amount and offers indicative effective annual returns of up to 16.2%, depending on the investment size and tenure, according to offer documents accessed by ET. Under the FCNR(B) Special Opportunity Deposit with Structured Loan Facility, the bank is offering dollar deposit rates of up to 6.60% for deposits above $5 million with maturities of three to five years.

Quote of the Day by Antonio Banderas: Antonio Banderas quote, I think the worst enemy for success is the anxiousness to get it, highlights the importance of patience, persistence, and trusting the journey toward achieving goals. The quote suggests that constantly worrying about reaching success too quickly can create unnecessary stress, cloud judgment, and prevent people from enjoying the learning process. Instead of chasing immediate results, it encourages focusing on steady effort, continuous

Julius Caesar's ancient quote remains relevant for modern challenges and personal growth. He noted that enduring pain with patience requires more courage than a single heroic act. This wisdom applies to education, business, and overcoming personal difficulties. Caesar, a Roman leader, transformed the Republic into an empire through military and political actions. His enduring message emphasizes resilience and steadfastness in the face of adversity.

The Indian economy expanded 7.7% in the last financial year, and the RBI has projected GDP growth of 6.6% for the current fiscal year despite global uncertainties, Sanjay Malhotra said. The governor also flagged inflation risks, noting that the RBI had raised its inflation forecast for FY27 to 5.1% from 4.6% earlier.

Quote of the Day by Nobel Peace Prize winner Wangari Maathai and her timeless message on everyday leadership. Her famous words remind us that lasting change begins with one simple action, not one powerful person. Wangari Maathai was one of the most influential environmental leaders of the modern era. She transformed the simple act of planting a tree into a global movement for environmental conservation, women's empowerment, democracy, and peace.

The Central government has petitioned the Supreme Court challenging a Delhi High Court ruling. The High Court had previously quashed tenders for consular services at Indian Missions abroad. This decision followed petitions from two disqualified bidders alleging unfair evaluation processes. The government argues the High Court's decision was incorrect and seeks its reversal. The Supreme Court will hear the matter on Monday.

Ahead of the Punjab Assembly elections, Prime Minister Narendra Modi accused the AAP government of corruption, worsening law and order, and failing to curb the drug menace. Addressing a rally in Jalandhar, he also attacked the Shiromani Akali Dal and Congress, asserting that only the BJP could transform the state.

In the U.S., beer consumption has fallen steadily for a decade, according to the Brewers Association, a trade group for craft brewers. Canada has seen a similar decline, according to the national statistics agency. The Brewers of Europe trade association says the story is the same in the European Union.

Reliance Industries plans a multi-year campaign to boost natural gas output. This effort aims to offset declining production from existing fields. Elevated gas prices are expected due to ongoing West Asia conflict. The company anticipates better price realization for its KG-D6 gas fields. Continued investment in coal-bed methane operations will also proceed.

Anglo American has chosen a consortium led by Gareth Penny as the preferred bidder. This group, known as Global Diamond Consortium, emerged from three competing proposals. Botswana's government is evaluating the preferred bidder's proposal for De Beers. The proposal includes participation from Angola and Namibia as partners. Botswana retains freedom to act as a partner or exercise preemption rights.

Air India plans ambitious expansion, doubling capacity and adding new global destinations. The airline aims to connect every major city worldwide with India. This expansion continues despite significant financial losses and operational disruptions. Pakistani airspace closure and rising fuel costs impact flight routes and expenses. Employees urge a swift appointment of a new chief executive officer.

JioStar's Ebitda from operations increased thirty-one percent year-on-year. Higher subscription revenue and digital entertainment advertising fueled this growth. JioHotstar achieved its highest-ever average monthly active users. IPL 2026 became the most-watched season in the tournament's history. The micro-content platform Tadka crossed one hundred million active users.

Reliance Retail reported a net profit decline of fourteen percent year-on-year. Revenue from operations grew eight point two percent, with FMCG business growth strong. Investments in digital commerce and infrastructure impacted operating margins significantly. The company aims to double operating Ebitda over three years through growth. Reliance Retail expanded its store network to over twenty thousand locations.

In an old interview, superstar Shah Rukh Khan admitted that he doesnt follow a particular diet, nor does he believing in starving himself. He follows basic dietary rule of consuming food low in calories and high in fibre and eating food in moderation.

Iron ore has been added to the core sector industries list, expanding it to nine. The government will release a revised Index of Core Industries series on July 20. This new series will feature a base year of 2022-23, replacing the older 2011-12 base. Raw coal remains, but coal middlings and washed coal are excluded to prevent double counting.

While narcissism can sometimes involve exaggerated beliefs about intelligence, simply believing you're highly intelligent is not enough to justify that label. Research consistently suggests that genuine expertise often goes hand in hand with curiosity, openness to learning, and intellectual humility.

Creators face increasing self-censorship in India's entertainment industry. Sensitive topics like Kashmir and caste are now avoided at ideation stages. Fear of social media backlash and regulatory scrutiny limits creative expression. Writers now make strategic decisions rather than purely creative ones. This trend is significantly shrinking the universe of available storytelling.

Neha Marda, who is best known for playing the headstrong Gehna, in the hit TV show Balika Vadhu, is today a successful entrepreneur with a startup valued at Rs 200 crore. In a recent appearance in Shark Tank India, the former actress revealed her inspiring entrepreneurial journey.

The EPFO has launched VISHWAS 2026, a six-month, one-time dispute resolution scheme to help employers settle pending damages and penalty cases under provident fund laws. The initiative offers substantially reduced penalty rates for eligible defaults before June 14, 2024, through a fully digital, transparent and time-bound process.

Photographer Joan Monfort's images of Lionel Messi bathing Lamine Yamal have gained global attention. These pictures were taken nearly two decades ago for a charity calendar. The resurfaced photos now highlight a remarkable twist of fate for the upcoming World Cup final. Messi's Argentina will face Yamal's Spain for the sport's biggest trophy. This unexpected connection has captivated fans and media worldwide.

The rollout of 120 Vande Bharat sleeper trains by Indo-Russian joint venture Kinet Railway Solutions has been delayed as final train designs are yet to be approved. With the prototype now expected only by the end of 2026, Indian Railways has turned to its own manufacturing units to accelerate sleeper coach production.

The Centre has issued guidelines for states to claim 5,175 crore in incentives under the SASCI 2026-27 scheme by accelerating mine operationalisation, boosting mineral production and implementing mining reforms. States must operationalise 79 auctioned mineral blocks by December 31 to qualify, with incentives linked to clearances and governance performance.

Gujarat, Maharashtra, and Tamil Nadu lead NITI Aayog's investment friendliness index. The index assesses states on eight key parameters for investor attraction. Fifteen states were classified as frontrunners, including Delhi and Uttar Pradesh. India needs to increase investment to boost economic growth and demand. Strengthening state-level ecosystems is essential for national competitiveness and growth.

Banks face challenges extending collateral-free loans up to twenty lakh rupees. Some accounts are not covered by the government guarantee scheme for small firms. Many borrowers are unwilling to pay additional guarantee fees for these loans. Lenders plan to approach the government and RBI regarding these issues. This situation impacts credit access for micro and small enterprises.

Quote of the Day by Beyonc: Beyoncs quote, Theres definitely a dangerous feeling when youre in loveits giving your heart to someone else and knowing that they have control over your feelings. I know for me, who always tries to be so tough, thats the dangerous thing, explores the importance of emotional vulnerability, trust, and openness in relationships. The quote suggests that love requires people to lower their emotional defenses and accept the risk of allowing someone else to influence their

Namma Metro commuters can now be fined up to Rs 2,500 for playing music or videos on speaker, watching content without earphones, and other disruptive behaviour. Here's a look at the new rules and the revised penalties.

Western confidence in linear progress has weakened due to recent global challenges. This has led to a renewed interest in Ibn Khaldun's cyclical theories of empires. Eastern traditions like those in China and India also expressed similar cyclical insights. Ibn Khaldun's empirical approach makes his ideas accessible to the modern West. This rediscovery encourages a broader understanding of world history beyond European perspectives.

In a shocking turn of events, egg prices in India have soared to historic highs, primarily due to surging poultry feed costs. Increases in maize and soybean meal prices are heavily influencing production expenses, alongside ongoing concerns related to the West Asia conflict and local crop yields. Furthermore, the intense summer heat has negatively impacted broiler chicken production, leading to a surge in meat prices.

Record high sugar prices in India have emerged due to pressing supply issues, though industry leaders assure that domestic stocks are adequate for consumer needs. This rise in prices has mainly transpired over the last month, influenced by low inventories in Maharashtra and Karnataka. Optimistically, the upcoming season is expected to see a notable boost in production.

The duty drawback for gold jewellery and parts has been increased to 1,851.99 per gram from 773.17 per gram, while the rate for silver jewellery and articles made of silver has been raised to 29,501.09 per kg from 14,990.66 per kg, according to a notification issued by the Department of Revenue on Friday.

Mandatory energy performance ratings are set to be introduced for sizable commercial buildings over 20,000 square metres in India. This pivotal move aims to elevate energy efficiency within the burgeoning building industry, allowing the government to standardize evaluations and promote superior building designs. Consequently, consumers will have the opportunity to assess and compare energy efficiency ratings across various properties.

A look at some of the players who have iconic hand signs and the meaning behind them.

At Bharat Tex 2026, business inquiries reached $2.8 billion, complemented by investments of 14,300 crore. Andhra Pradesh and Karnataka have taken a leading role in proposing substantial textile investments nationwide. The recent India-UK FTA is poised to enhance India's textile and apparel export growth significantly. As the country broadens its free trade agreement scope, expectations are set for exports to hit 9 lakh crore by 2030.

Good handwriting is best understood as a learned skill. Like playing an instrument or developing athletic ability, it improves through practice, patience, and consistent use, not because of hidden personality traits.

India on Friday said it is closely monitoring a proposed US bill that seeks to impose 100% tariffs on countries, including India, buying Russian crude oil. The External Affairs Ministry said India's energy imports are guided by its sourcing strategy. The bipartisan US bill aims to curb Russia's oil revenue funding the Ukraine war.

Ho-Ren-So, a Japanese communication principle, emphasizes reporting, informing, and consulting. This philosophy helps prevent misunderstandings and fosters stronger professional relationships. Regular updates and open discussions are crucial for team alignment and success. These simple habits build trust and improve collaboration among colleagues. Practicing Ho-Ren-So creates healthier and more productive work environments.

India's Ministry of External Affairs confirmed Chabahar Port's terminal remained undamaged. Reports indicated US strikes targeted a different surveillance tower at the port. India is currently discussing future arrangements for its port interests. This includes local management with legal guarantees for rights transfer. Discussions aim to safeguard India's strategic involvement in Chabahar.

Saudi Arabia is expected to supply 464,000 barrels per day (bpd) to India in July, based on arrivals in the first half of the month and tanker-tracking data. Between July 2025 and April 2026, the kingdom supplied an average of 700,000 bpd, accounting for about 14.5% of India's crude imports. After its share slipped to an average 7% in May-June, Saudi Arabia is set to recover to about 10% in July.

Japanese Proverb of the Day highlights the meaning of Forgiving the unrepentant is like drawing pictures on water. The saying reflects how forgiveness is influenced by accountability, remorse, and genuine efforts to change rather than forgiveness alone. It suggests that offering forgiveness to someone who does not acknowledge their mistakes or show willingness to improve may have little lasting impact. Like drawings on water that quickly disappear, forgiveness without responsibility may fail to

Quote of the Day by Immanuel Kant: Immanuel Kant's quote, Unless children, and especially the children of rich parents and princes, are made to realise that they must work, they remain children all their lives, highlights the importance of hard work, discipline and responsibility in shaping mature individuals. Taken from Kant on Education (1803), the quote continues to offer valuable lessons on parenting, education and personal growth, reminding readers that true maturity comes through effort ra

India's southwest monsoon is forecast to strengthen in the coming days. Weather conditions are expected to improve across central and northern regions. Isolated extremely heavy rainfall is predicted for Chhattisgarh and Odisha. Delhi and northern Kerala will experience thunderstorms and rain over the weekend. Multiple active weather systems suggest a monsoon revival by month's end.

ETs roundup of the wackiest whispers in corporate corridors