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The Economic Times

Economy / The Economic Times

Rapid7 cuts 12% of workforce as it invests more in AI tools; CEO says it is a good company ready to be great

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.

11 Aug 2026 8:06 pm
Examining Sheikh Hasina extradition request as per established procedures, MEA says

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.

11 Aug 2026 8:04 pm
Psychology says walking into a room can make you forget why you went there, here's why

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.

11 Aug 2026 8:02 pm
Quote of the Day by Enid Blyton: If you cant look after something in your care, you have no right to Inspiring lessons on responsibility, care, commitment, accountability and why you should take care of what you have by the childrens author known for her timeless stories and deep insights on childhood and human nature

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.

11 Aug 2026 8:00 pm
What happens when you spray vinegar on your walls? Here's why people recommend it

White vinegar for mold removal hack: Mold thrives in damp conditions, but there's an effective solution: white vinegar. Its acetic acid content is a powerful ally against household mold. To treat small patches, spray undiluted vinegar and scrub after thirty minutes. Remember, the key to preventing mold from returning is to fix the moisture problem.

11 Aug 2026 8:00 pm
Disney wins global streaming rights for Formula E races

Disney has secured global streaming rights for Formula E races. The multi-year agreement will feature races on Disney+ across 144 territories. US viewers can also watch races on ESPN and ESPN+ platforms. The 2026-27 season includes 21 rounds in major global cities. Formula E also plans to debut its advanced GEN4 electric racing car.

11 Aug 2026 7:59 pm
Quote of the day by Rumi: If you find the mirror of the heart dull, the rust has not been cleared... A powerful reminder about self-reflection, inner peace and clearing away what clouds the soul

Quote of the day by Rumi: If you find the mirror of the heart dull, the rust has not been cleared from its face. Explore the deeper meaning behind this powerful Rumi quote about the heart, emotional clutter, self-reflection, inner peace, spiritual growth and the importance of clearing away the experiences that prevent us from seeing ourselves and life with greater clarity.

11 Aug 2026 7:56 pm
From 'Simon Go Back' to tricolour skies: How kites became a symbol of freedom

Kite flying is a beloved Indian tradition celebrating freedom and patriotism. Families gather on rooftops, enjoying the festive atmosphere and friendly competitions. Kites, once used for protest, now symbolize national pride and unity. Markets display colourful kites featuring tricolour patterns and patriotic messages. Safety precautions are advised for responsible kite flying during celebrations.

11 Aug 2026 7:55 pm
Electric two wheeler subsidies extended till March 2028

Electric two-wheeler subsidies are extended by the government until March 2028. An incentive of up to Rs 5,000 per vehicle will continue under the PM E DRIVE scheme. The government has provisioned an additional Rs 1000 crore for electric two-wheeler subsidies. India has already surpassed its electric two-wheeler sales target under the scheme. Electric three-wheelers no longer require these government incentives.

11 Aug 2026 7:13 pm
The 6-6-6 walking trend: How to efficiently complete 10,000 steps every day for better health, know its surprising benefits

A new walking method called the 6-6-6 trend is gaining attention for health. This routine involves a sixty-minute walk scheduled for either six a.m. or six p.m. It includes a six-minute warm-up and a six-minute cool-down to aid recovery. Experts suggest this approach makes reaching ten thousand steps more efficient and accessible. Regular walking offers significant benefits for heart health and weight management.

11 Aug 2026 7:06 pm
India targets 10-fold clean fuel output jump in next 5-10 years to curb imports

India aims for a tenfold increase in compressed biogas production over the next decade. The government plans to address supply chain uncertainties and simplify business processes. Offtake assurance and stable pricing mechanisms will be implemented for producers. Financial support and credit guarantees will encourage new plant development. This initiative seeks to enhance energy security and reduce import dependence.

11 Aug 2026 7:04 pm
Scottish proverb of the day: All thats said in the kitchen should not be told in the hall; life lesson from old saying teaches us not to share confidential information, as it ruins your reputation and also your relationships

Nobody likes a tattletale who publicises private matters or tells confidential information to people. Being a blabbermouth destroys not just your reputation but also your relationships, as you are then considered untrustworthy.

11 Aug 2026 7:00 pm
Critical minerals being prioritised in trade, investment engagements: Govt tells Parliament

India is strengthening supply chains by prioritizing energy and semiconductor sectors. The nation aims to reduce import dependence through domestic capacity creation. Critical minerals are essential for clean energy and electric vehicle technologies. Trade deficit reflects imports needed for economic growth and industrialization. Negotiations for a trade pact with the United States are ongoing.

11 Aug 2026 6:44 pm
AI can transform banking, but data, privacy, governance remain key challenges: CEOs

Top bank CEOs discussed AI's beneficial use in banking operations. They highlighted generative and agentic AI for customer service and internal improvements. Data quality and governance frameworks are critical challenges for effective AI deployment. Banks must invest in employee reskilling and maintain human oversight of AI systems. AI promises improved customer experience and faster technology implementation.

11 Aug 2026 6:42 pm
Vodafone Idea reaffirms 3-year growth targets, $4.7 billion capex plan

Vodafone Idea plans double-digit revenue growth and significant network investment. The company will invest 450 billion rupees in its network over three years. Promoter support and lender conversations provide financial confidence for the roadmap. Orders for network equipment worth 90 billion rupees have already been placed. This strategy aims to sustain subscriber additions and boost revenue and EBITDA.

11 Aug 2026 6:36 pm
Embassy Developments records 338% on-year growth in Q1 pre-sales

Embassy Developments reported a 338% year-on-year jump in June-quarter pre-sales to 868 crore, while collections rose 54% to 496 crore. The developer has a 19,400-crore FY27 launch pipeline and is targeting 8,000 crore in total pre-sales.

11 Aug 2026 6:31 pm
CPP Investments inks pact to invest up to Rs 3,000 cr in Prestige Hospitality

CPP Investments has agreed to invest up to 3,000 crore in Prestige Estates hospitality subsidiary, Prestige Hospitality Ventures, for a stake of up to 28%. The investment will be made in multiple tranches, subject to due diligence and regulatory approvals.

11 Aug 2026 6:25 pm
India's net direct tax collection rises 23% to Rs 8.11 lakh crore as of August 10

India's net direct tax collections grew 23.09 percent year-on-year to Rs 8.11 lakh crore. Gross direct tax collections increased 19.75 percent, with refunds also rising slightly. Net corporate tax collections saw a substantial increase from the previous year's figures. Securities Transaction Tax collections also climbed significantly during this period. Overall, direct tax revenue before refunds reached Rs 9.55 lakh crore.

11 Aug 2026 6:21 pm
Delhi government's purchases from GeM portal jump 156% to Rs 1,595 cr in April-July

Delhi government's purchases via GeM portal surged 156 percent to Rs 1,595 crore. This significant increase provides a strong platform for micro and small enterprises. Government procurement through GeM reached Rs 4,311 crore in 2025-26. The participation of women and SC/ST entrepreneurs is also increasing. Delhi has been recognized for sustained services procurement adoption on the platform.

11 Aug 2026 5:51 pm
GB Realty plans Rs 5,000 crore investment in luxury real estate expansion across North India

GB Realty will invest over five thousand crore rupees in upcoming years. The company plans to expand its luxury residential portfolio and enter new markets. This investment will focus on luxury and ultra-luxury residential developments. GB Realty aims to build a diverse development pipeline across North India. The firm targets a fifty thousand crore valuation by twenty thirty-six.

11 Aug 2026 5:45 pm
Diageo India unit tells court rum ban lacked due process: Report

United Spirits challenges a government ban on its popular rum in Maharashtra. The company argues the prohibition order was issued without following proper legal procedures. This action occurred as food safety regulators began industry consultations on labelling rules. United Spirits claims the ban is premature and commercially prejudicial to its business. The dispute highlights ongoing regulatory scrutiny impacting India's alcoholic beverages sector.

11 Aug 2026 5:44 pm
IndianOil launches Indane XTRALITE NOW in Guwahati

IndianOil has launched its new 10 Kg composite LPG cylinder in Guwahati. This modern cylinder offers a lightweight and rust-free alternative to steel ones. Its translucent body allows users to easily monitor the remaining LPG level. The initial cost for this innovative product is Rs. 4,853 with refills at Rs. 1,667. This launch aims to provide enhanced convenience and a premium experience for urban consumers.

11 Aug 2026 5:36 pm
Guru Randhawa extends support to Assam amidst the floods

Guru Randhawa, the popular singer, has stepped up by donating seven lakh rupees to assist the flood victims in Assam. His generous contribution will help construct thirty-five durable flood-proof homes within the devastated areas. Collaborating with the Sikh Aid Foundation, Randhawa aims to provide shelter for those displaced by the catastrophic floods that have wreaked havoc across the state, with additional support coming from other celebrities as well.

11 Aug 2026 5:22 pm
Telecom operators flag 24.4 billion spam calls, messages in April-June: TRAI

Telecom operators flagged 24.4 billion calls and messages as suspected spam during April-June. AI systems identified 22.9 billion calls and 1.4 billion SMSes as unsolicited communications. Consumer complaints rose significantly, with 10.8 lakh received during the quarter. Most complaints were filed through the Do Not Disturb app.

11 Aug 2026 5:13 pm
French proverb of the day: When we dont have what we like, we must like what we have'; life lessons on how to move on in life, not to obsess over what we dont have and be grateful for what we have been blessed with

Theres no one among us who hasn't been bitter or regretful over our past actions and wondered how life could have gone better for us. An old French proverb reminds us not to waste time in wallowing in self-pity but to be positive over what we do have.

11 Aug 2026 5:09 pm
Air India SATS signs pact with Concor arm to streamline cargo transportation

Air India SATS Airport Services and Concor Air Limited have signed an initial pact. This collaboration aims to expedite cargo movement from Dadri to Noida International Airport. The agreement will facilitate seamless handling of customs-cleared transhipment cargo for international dispatch. This partnership strengthens AISATS' air cargo operations by deepening inland freight network connectivity. The initiative seeks to create a more efficient and integrated pathway for cargo movement.

11 Aug 2026 5:04 pm
Tax liability of ITR-7 filers triples in 5 years to Rs 1,043 crore

In a significant financial shift, the tax burden for ITR-7 filers has climbed to Rs 1,043 crore in the Assessment Year 2025-26, a figure that is about threefold compared to five years back. This information, shared with Parliament by the Minister of State for Finance, highlights the growing obligations faced by trusts, political organizations, and academic institutions submitting ITR-7.

11 Aug 2026 4:55 pm
Quote of the day by Dale Carnegie: One reason why birds and horses are not unhappy is because they are not trying to impress other birds and horses - A wise lesson on letting go of external validation to cultivate inner peace

Dale Carnegie quote of the day: Dale Carnegie's quote emphasises that worrying about others can deplete our energy reserves. Animals, in contrast, thrive without the need for external validation. The rise of social media has exacerbated this desire for approval, often leading to emotional exhaustion. Carnegie's insightful quote urges individuals to abandon performative behaviours in favour of finding true inner peace. By celebrating our authentic selves, we can discover deeper happiness and over

11 Aug 2026 4:47 pm
Do you even talk to yourself? People who do so have a big life advantage over those who don't, psychology explains

Talking to yourself out loud may seem like a strange habit, especially when someone else catches you doing it, but psychology suggests it is far more common and meaningful than people realise. Researchers have looked at why people verbalise their thoughts and what happens when those thoughts are spoken instead of kept entirely inside the mind. From everyday situations to moments of stress or uncertainty, this simple habit may play a more interesting role in how people process what is happening a

11 Aug 2026 4:46 pm
Air India outgoing CEO summoned over Phuket-Delhi flight's altitude loss: Report

India's aviation ministry summoned Air India's outgoing CEO regarding a recent flight incident. The aircraft experienced a sudden altitude loss, causing passenger and crew injuries. Multiple technical issues and turbulence were reported during the flight. Investigators are examining the serious incident with international assistance. Confirmatory test results for the pilot-in-command are currently awaited.

11 Aug 2026 4:33 pm
PM E-DRIVE scheme to run till Mar 31, 2028; electric two-wheeler incentive capped at Rs 5,000

In a strategic move to encourage electric vehicle usage, the government has prolonged the PM E-DRIVE Scheme until March 2028, though incentives for electric two-wheelers will be cut down to Rs 2,500 per kWh effective from April 1, 2025. The initiative carries a substantial funding of Rs 11,900 crore, focusing on both vehicle adoption and necessary infrastructure expansion.

11 Aug 2026 4:31 pm
Godrej Consumer Products appoints Aasif Malbari as CEO, replacing Sudhir Sitapati

With the appointment of Aasif Malbari as the new managing director and chief executive officer, a transition is underway at the helm. He takes over from Sudhir Sitapati, who departs after five impactful years. Malbari, who was serving as GCPLs global chief financial officer, brings significant experience from the FMCG and automotive sectors, focusing on strengthening core business operations and fast-tracking the expansion of new categories.

11 Aug 2026 4:25 pm
Fusion Finance aims to cut microfin share, offer larger retail loans

Fusion Finance plans to reduce microfinance loans to seventy percent by fiscal 2029. The company will introduce larger individual loans while focusing on small business lending. Assets under management aim to reach ten thousand crore rupees this fiscal year. This diversification follows regulatory changes allowing more non-microfinance loan options.

11 Aug 2026 4:18 pm
German proverb of the day: There is no one luckier than he who thinks himself so - A timeless life lesson on how optimism leads to positive results

Proverb of the day: Genuine prosperity arises from appreciating what you have rather than chasing after possessions. A wise German proverb is a life lesson which suggests that recognizing your fortune is a deliberate choice. This outlook helps mitigate the negative impacts of comparison culture, reducing self-doubt. By adopting this mindset, individuals cultivate true resilience, shifting their perception of reality and inviting tranquility into their lives.

11 Aug 2026 4:15 pm
RBI curbs on NBFC flexi credit may push lenders towards bullet loans, raise costs: Kotak

The Reserve Bank of India's (RBI) proposed restrictions on revolving credit facilities offered by non-banking financial companies (NBFCs) may increase operational challenges for lenders, reduce their returns and raise costs for borrowers, Kotak Institutional Equities said in a report.

11 Aug 2026 4:13 pm
The Walking Deads Merle Dixon was almost real: 1,400 years ago, an Italian man lost his hand and replaced it with a knife

A 1,400-year-old skeleton found in northern Italy revealed the remarkable story of a Medieval man who survived the loss of his right hand and may have used a knife as a makeshift prosthetic. Researchers found evidence suggesting the blade was attached to his arm with leather straps and a buckle.

11 Aug 2026 4:03 pm
GDP is still the GOAT of economic statistics despite its many flaws

The Gross Domestic Product serves as a key indicator of a country's economic status, highlighting overall production. While it may not be perfect, there's a strong connection between GDP and quality of life measures. Detractors, such as political figures, often propose different metrics, yet none have gained significant traction. In the end, GDP serves as a fundamental tool for assessing economic vitality and national living standards.

11 Aug 2026 3:45 pm
Why are people putting aluminum foil on their balconies? The simple trick that may help deter pigeons

Aluminum foil may help deter pigeons from balconies because its reflective surface, movement and flashes of light can make landing areas less inviting. Hanging several strips near common pigeon spots can create a temporary visual deterrent. Replace or reposition the foil when it becomes dirty, damaged or stops moving. For persistent problems, combine the trick with balcony cleaning and physical bird-proofing measures.

11 Aug 2026 3:44 pm
Instamart expands Northeast sourcing, brings Meghalaya pineapples to Bengaluru

Instamart is expanding its fresh produce sourcing network across Northeast India. Meghalaya's pineapples are now available to customers in Bengaluru through this initiative. This plan aims to create new markets for farmers and FPOs in the region. The company is exploring sourcing other GI-tagged products from various Northeast states.

11 Aug 2026 3:33 pm
India sixth-largest economy at $3.92 trillion nominal GDP in FY26: Government

India's economy reached sixth globally with a $3.92 trillion GDP in 2025-26. Government strategies focus on agricultural productivity and manufacturing growth. Infrastructure and logistics are strengthened through public investment and new policies. Foreign investment remains substantial, and bank bad loans have significantly fallen. Unclaimed bank deposits now total over Rs 86,917 crore.

11 Aug 2026 3:26 pm
Philips India sees India emerging as global R&D, AI hub; bets on healthcare infrastructure for growth

Philips India is focusing on growing healthcare infrastructure and artificial intelligence. The company's R&D footprint in India is significantly strengthening its global operations. Investments will continue to support Philips' positive growth story in the country. Philips sees opportunities in sleep and respiratory care as awareness increases. The company prioritizes value over price when facing competition from other firms.

11 Aug 2026 3:21 pm
Jharkhand exam stir: 110 ABVP workers detained during march to assembly over police action on students

Around 110 ABVP workers were detained during their march to the Jharkhand Assembly. Protesters clashed with police personnel as they blocked the bus carrying detainees. Some women protesters were also detained, and two students fainted during the demonstration. The ABVP demanded answers regarding alleged police atrocities and exam irregularities. They called for a CBI probe into recruitment examination leaks and reforms.

11 Aug 2026 3:01 pm
President Droupadi Murmu assents to Vande Mataram Bill, giving national song legal protection on par with anthem

President Droupadi Murmu has approved the Prevention of Insults to National Honour (Amendment) Bill. This legislation grants Vande Mataram statutory protection similar to the National Anthem. Deliberate insult or disruption during its singing will now be a punishable offense. Opposition MPs have raised concerns about the practical implications of extended singing times. The bill passed Parliament last month amid political differences and protests.

11 Aug 2026 3:01 pm
Vodafone Idea secures Rs 6,400 crore in first funding tranche from SBI-led banks after AGR relief

The telecom operator Vodafone Idea is in the process of raising capital from a mix of public sector and private lenders, showcasing significant advancement in its funding strategy. They have successfully closed the initial tranche amounting to Rs 6,400 crore, factoring in warrant proceeds and various debt facilities. The company remains engaged with lenders to fortify its overall financial health.

11 Aug 2026 2:58 pm
HC orders father, govt to pay Rs 25 lakh compensation to two Bhatia sisters who converted to Islam, says they are free to live with anyone

The Allahabad High Court has ordered the father of two adult sisters and the Uttar Pradesh government to jointly pay Rs 25 lakh compensation after finding that the women were illegally confined at home following their voluntary conversion to Islam. The court said adults have the constitutional right to make personal decisions about faith, residence and liberty.

11 Aug 2026 2:54 pm
These 5 beautiful plants can act as living mulch, keep weeds away and lock in soil moisture

If you want a garden that looks beautiful while requiring less maintenance, living mulch plants can be a clever solution.

11 Aug 2026 2:53 pm