The Economic Times

Quote of the day by Ringo Starr: Ringo Starr believes great music lasts for generations. He notes that younger people know Beatles music, which is the important part. Starr's words emphasize the lasting power of meaningful art over fleeting trends. This reminds us to focus on creating valuable work with lasting impact.

Quote of the Day by Kate Winslet serves as a timely reminder that living well is not necessarily about doing more. It can be about noticing more, appreciating more and choosing more intentionally. The future will always contain something to prepare for, but the present is the only place where life can actually be lived.

In 1957, an American woman scientist invented a liquid fuel Hydyne which helped United States create history and make space travel a reality. Mary Sherman Morgan developed Hydyne for the US Army Ballistic Missile Agency. The fuel increased rocket performance and powered the Jupiter-C rocket used to launch Explorer 1, the first successful American satellite, in January 1958.

Quote of the day by Kalpana Chawla teaches people to redefine achievement. The goal matters, but it is not the only measure of a meaningful life. The lessons learned, relationships formed, obstacles overcome and experiences collected along the way can become equally important. A destination may provide a moment of accomplishment, but the journey creates the person who reaches it. Without the journey, the goal is only a point on a map. With it, the goal becomes a story of growth, courage and disc

African proverb of the day explains how envy, hidden motives and social pressure can affect the way people value their success. The saying warns people not to throw away their peace, relationships, opportunities or achievements because someone else questions their worth. It also teaches people to recognize jealousy, protect their blessings, understand intentions and value what they have worked to build in life.

University of Warwick researchers developed a new non-contact rail crack detection technology. This system uses electromagnetic acoustic transducers to generate and detect ultrasonic waves. The technology can identify cracks hidden beneath the rail surface at high speeds. It offers potential for continuous rail monitoring without disrupting traffic flow.

AI firm Anthropic has secured a significant computing capacity deal. This agreement is valued at ten billion dollars and spans six years. The contract is with infrastructure startup Volta Infra Holdings, which is Nvidia-backed. This move aims to meet the growing demand for Anthropic's AI products. The deal marks a substantial investment in future AI development capabilities.

Incoming Apple CEO John Ternus is bringing back Laura Legros to his new management team. Legros previously served as a vice president of hardware engineering until her retirement in 2022. She will report directly to Ternus after he assumes the CEO role on September 1. This move signals Ternus beginning to shape the company's leadership structure. Legros will function as a vice president working across various company departments.

Iran may permit European nations to clear mines from the Strait of Hormuz. This potential shift could aid peace talks and normalize shipping routes. The move offers third-party assurance for maritime industries after recent conflicts. European demining depends on Iran providing security and a sustainable ceasefire. This development could boost broader diplomatic efforts to end the war.

Spain has returned seventy thousand migrants to Morocco after their arrival in Ceuta. This influx saw seventy-five people tragically lose their lives while attempting the crossing. Most of the seventy-two thousand migrants who entered irregularly have now departed. Those remaining face difficult living conditions with limited access to basic necessities. Spanish officials confirmed the updated figures following the recent events.

Two foundations have committed two hundred million dollars to aid endangered species. This initiative aims to revive one hundred of Earth's most threatened animals. The Phoenix Species Project is the largest fund dedicated to species recovery. It was launched by Re:wild and the Bezos Earth Fund groups. This effort addresses species threatened by climate change and habitat loss.

Quote of the day by Whoopi Goldberg focuses on believing in yourself even when others doubt you. Her words explain the importance of self-reliance, inner confidence and emotional independence. The quote encourages people to trust their choices, protect their goals from outside doubt, understand their own worth and continue moving forward without depending on approval from others.

Tesla's China-made electric vehicle sales saw a significant rise last month. Sales from the Shanghai plant increased by 37.8 percent year-on-year. This marks the ninth consecutive month of positive sales growth for the automaker. Model 3 and Model Y vehicles totalled 93,579 units in July. This figure also represented a 5.0 percent increase from the previous month.

Insurers must expedite flood claim settlements for affected policyholders. The regulator has directed immediate deployment of surveyors and loss assessors. Special district-level claims desks and 24x7 helplines will be established. Electronic communication is encouraged to speed up claim registration and payments. This directive follows heavy rains and floods which began on July 19.

Bharti Airtel reported a 35.45% year-on-year net profit increase for the June quarter. This growth was fueled by strong performance in its India mobile operations and Africa business. The company achieved record postpaid net additions and saw growing smartphone data customers. Bharti Airtel's average revenue per user reached the sector's highest at 264. Consolidated revenue also increased significantly, reflecting broad business strength.

India's microfinance sector contracted in the first quarter after a previous rebound. Uneven monsoon progress weighed on rural demand and lender caution grew. The sector's portfolio shrank four percent to 3.26 lakh crore by June end. Business usually slows during this period, but rainfall added concerns. Lenders remain cautious about growing loans due to uncertain patterns.

Millions of people in the US and Canada eat cereal for breakfast, but experts say the choice may matter for heart health. Fiber, whole grains, added sugar, saturated fat and sodium could all play a role in choosing a breakfast that supports cardiovascular health, with experts highlighting what to look for on the nutrition label.

The Centre collected over thirty-two lakh crore rupees from cesses and surcharges. Indian companies are increasing overseas investments to acquire assets and new markets. The National Cooperative Organics Ltd has expanded its certified organic products business. Directorate of Enforcement is investigating thirty-two bank fraud cases actively. Fifty-four accused individuals are currently absconding outside the country.

Quote of the day: George Bernard Shaw's famous line, The more things a man is ashamed of, the more respectable he is, from his 1903 play Man and Superman, continues to spark discussion more than a century later. The quote highlights how self-awareness, conscience and the ability to recognise one's mistakes can reflect strong moral character. Here's a closer look at its meaning, the context in which it was spoken, and George Bernard Shaw's remarkable life and literary legacy.

Oil prices experienced a significant decline on Tuesday, falling over five percent. Hopes for a diplomatic resolution to the West Asia conflict emerged. This potential resolution could improve oil flows through the Strait of Hormuz. Talks are underway with Iran to reopen the vital shipping lane. Regional officials also discussed a potential deal with Oman for passage.

Restaurant chains experienced a significant recovery in the April-June quarter. Value growth and expansion into smaller cities drove this positive trend. Higher in-store traffic and improved daily sales contributed to the recovery. Chains are focusing on value meals and selective price adjustments. This marks a reversal after several quarters of declining sales and profits.

Parliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to encourage digital transactions by allowing banks to charge fees. The Reserve Bank of India will determine these charges on person-to-merchant payments. Payment platforms could see significant revenue generation from these new charges. This development follows UPI companies' struggles to build profitable payment businesses.

India's sugar prices have risen significantly in recent weeks. The government imposed stock limits to help temper these rising rates. Lower output and El Nino concerns are also impacting sugar prices. Demand for sugar remains strong despite the recent price increases. The government has maintained August's sales quota at last year's level.

Takeda Pharmaceutical's new dengue vaccine Qdenga received approval in India. The vaccine is expected to launch commercially in early 2027. It will initially be available through the private market for individuals. Takeda plans to pursue government procurement and National Immunisation Programme inclusion. This move significantly broadens Takeda's public health focus in India.

The Supreme Court has issued a notice to the Centre regarding a plea. This plea challenges the validity of the Central Armed Police Forces Act, 2026. Petitioners argue the new law violates the doctrine of separation of powers. Thirty-four CAPF officers contend the act overrides a previous court decision.

A parliamentary panel found only 18% of sewerage projects completed under AMRUT 2.0. This slow implementation pace has raised serious concerns about sanitation infrastructure expansion. The mission's second phase, launched in October 2021, has seen limited progress. Many urban areas still lack equitable access to sewerage and septage services. The committee reviewed the mission's success in improving urban sanitation outcomes.

The National Commission for Protection of Child Rights has initiated an investigation into disturbing child pornography ads on Instagram, prompted by a revealing BBC Eye report. These ads, which linked to Telegram channels, were allegedly cleared by Instagram's moderation system before going live. After issuing a notice to Meta Platforms on July third, the Ministry of Electronics and Information Technology has directed the company to remove such content immediately.

Artificial intelligence can significantly boost developing economies' growth before the decade ends. India leads AI adoption, benefiting farmers with weather forecasts and increasing tech activity. Fintech lenders use AI for credit scoring, extending loans to underserved businesses and workers. Governments must quickly close gaps in power, connectivity, skills, and institutional quality. AI could automate some jobs while complementing many others across low-income countries.

The Indian Pharmaceutical Alliance seeks to regularize many drugs. These drugs have been marketed for years without central approval. Examples include sodium valproate and carbamazepine tablets. Regulatory gaps have persisted for over a decade. This situation requires urgent attention from drug authorities.

Pidilite Industries saw profits rise over thirty percent year-on-year. Revenue from operations increased by more than twenty-one percent during the quarter. Earnings before interest, tax, depreciation, and amortisation also jumped significantly. Sales volume grew by more than eleven percent, aiding the company's performance. The company implemented price hikes across categories to manage rising input costs.

Commerce Minister Piyush Goyal will likely visit the US for the G20 Trade Ministers' Meeting. He is expected to hold bilateral meetings with counterparts on the event's sidelines. India and the United States continue ongoing negotiations for a bilateral trade agreement. The US will lead discussions on various global trade issues with G20 ministers. Washington seeks to establish a global trading order based on fair and reciprocal trade.

Punjab Police have successfully dismantled two ISI-backed terror modules operating across the border. Nine individuals, including four juveniles, were apprehended during the operation. Authorities recovered three illegal pistols and nine live cartridges from the accused persons. Preliminary investigations indicate foreign-based ISI handlers were involved in recruiting local youth.

A new bill aims to attract foreign investment and support key industries. It eases rules for offshore funds and global fund managers operating from India. Tax exemptions are extended for electronics manufacturing and diamond trading activities. Digital infrastructure development is also a major focus of these proposed changes. These measures seek to enhance India's global economic competitiveness and investment appeal.

The Centre will launch the Sampoorn Gobardhan Scheme on August 10 to accelerate compressed biogas production. This new scheme offers higher procurement prices and enhanced capital subsidies for new projects. It aims to address execution challenges faced by the previous SATAT scheme. Mandatory blending of compressed biogas with natural gas supplies is increasing. Fresh investments are critical to meet higher blending targets over the next three years.

India anticipates its highest distributed renewable energy capacity this fiscal year. Schemes like PM Surya Ghar and PM Kisan Urja are expected to exceed twenty gigawatts. Rooftop solar and solar pumps will drive capacity additions throughout the decade. Data centers will significantly increase clean power demand by 2032. Round-the-clock renewable energy tenders aim for firm and reliable green power supply.

Today's Quote of the Day by Carl Jung: Carl Jungs famous quote highlights that human psychology is formed through a dual relationship between environmental factors and innate genetic inheritance. Rejecting the classictabula rasa(clean slate) philosophy, Jung argues that every individual enters the world with a distinct psychological architecture present from birth. Understanding this fundamental balance allows individuals to embrace their inherent traits while navigating external life circumstan

Marico is now prioritizing profitability over volume and rapid expansion. The company is focusing on premiumization and higher-margin businesses for growth. Marico is willing to forgo volumes in certain channels that lack profitability. Acquisitions will now focus on profit improvement rather than rapid growth. The company continues to invest aggressively in general trade distribution channels.

India is planning a second phase for its production-linked incentive programme. This new phase will support high-performing sectors and reduce focus on low-yielding ones. Companies previously excluded will be encouraged to apply for these new schemes. Revisions to existing schemes for sectors like textiles are also being examined. The government aims to make these manufacturing policies more industry friendly and effective.

Domestic industry suffers from delayed anti-dumping duties on Chinese imports. Cheaper Chinese crawlers and truck cranes continue to enter India. Local manufacturers face severe impact and some have shut operations. The Directorate General of Trade Remedies recommended duties in September 2025. Final customs notification awaits finance ministry approval for implementation.

Willie Walsh assumes IndiGo CEO role, addressing employees on his first day. He acknowledged the airline's global recognition for consistency and operational excellence. Walsh stated that IndiGo's greatest opportunities still lie ahead. He also noted the airline's remarkable achievements in a challenging industry. Supply chain and airspace issues are identified as headwinds for the company.

A 28-year-old Bengaluru software engineer earning around Rs 70 lakh per year has sparked a debate online after asking whether it makes more financial sense to continue paying Rs 44,000 in monthly rent or buy a Rs 1.11.25 crore apartment with a Rs 65,000 EMI. The Reddit discussion saw users weigh in with their own experiences, touching on rising property prices, home loan strategies, investment returns and the challenges of renting in Bengaluru.

An Indian-flagged merchant vessel faced an attack off Yemen's coast on Tuesday. All thirteen Indian nationals aboard the vessel have been successfully rescued. The Ministry of External Affairs confirmed the incident and the crew's safety. New Delhi strongly condemned the targeting of commercial shipping in the region. The sunken vessel was identified as MSV Faize Noore Oliya in the Red Sea.

Jackie the bald eagle faces a health setback after recent blood tests revealed concerning results. Her packed cell volume has fallen, prompting further medical investigations by veterinarians. The Ojai Raptor Center is conducting advanced diagnostic tests to understand her condition. Jackie has been away from her nest for over two weeks following an eagle attack. Supporters anxiously await further updates on her recovery and treatment plan.

A federal appeals court ruled the Trump administration improperly ended a clean energy program. Nonprofits selected for the Biden-era effort will not immediately access their funds. The Environmental Protection Agency may ask the Supreme Court to intervene in this matter. The divided ruling favors nonprofits and challenges the prior administration's actions.

Quote of the Day by Enrique Iglesias: Enrique Iglesiass quote, One person cannot change the world. But you can become the world for someone. A warm, bright, and peaceful world. If everyone can be such a world to one person, one will become ten people, and then a hundred. The world will be full of happy people then, explores the importance of kindness, compassion, and human connection. The quote suggests that even small acts of care and support can create meaningful change by bringing happiness,