The Economic Times

What makes a real leader? According to an old Welsh proverb, leadership is not about subjugation or exerting your dominance on others but about being a bridge that brings people of various walks of life, cultures, and opinions together.

Under the draft directions, a branch of a G-SIB operating in India will be required to maintain a minimum leverage ratio of 3.5 per cent, along with the leverage ratio buffer applicable to the parent global bank, including any additional buffer prescribed by its home regulator.

Birla Estates has successfully acquired almost 90,000 sq ft of FSI for over Rs 159 crore, a strategic move aimed at bolstering their society redevelopment efforts in Khar, Mumbai. This FSI was secured via a Slum Rehabilitation Authority scheme from Kandivali. The development rights will be transferred and applied to a larger property in Khar, enhancing the region's premium living environment.

Quote of the day by Arnold Schwarzenegger: Arnold Schwarzeneggers iconic quote emphasizes that failure is not an endpoint, but an essential mechanism for personal transformation and strength. Drawing a direct parallel to resistance training in bodybuilding, where muscles must be strained to structural failure before they can rebuild stronger, Schwarzenegger argues that human character requires similar friction. Without encountering limits, individuals remain unaware of their true capabilities an

Billionaire Michael Moritz and his wife, artist Harriet Heyman, are offering up to $150 million through their Crankstart foundation to find bold ideas that could improve life in San Francisco. Their global Boundless San Francisco competition is seeking solutions to challenges including the citys housing affordability crisis, homelessness, public safety, transportation and post-pandemic economic decline. Up to three winning organisations could receive as much as $50 million each to turn their ide

An ADNOC vessel faced a missile attack while sailing through the Strait of Hormuz. The incident occurred early Saturday morning, August 8, with no reported injuries. The company confirmed the situation has been brought under control by authorities. Official sources are the only recommended places for information. Rumors and unverified details should be avoided by the public.

Indian batter Jemimah Rodrigues has been ruled out of The Hundred due to a hamstring injury. She was a key performer for Southern Brave, scoring 143 runs in six matches. Her absence is a significant blow as the competition enters its decisive phase. Australian allrounder Charli Knott has been signed as her replacement. This withdrawal also raises concerns for India's upcoming Asia Cup campaign.

Delhi's IT minister announced a new drone policy aiming to create over one thousand jobs. This comprehensive policy will focus on research clusters and flight testing facilities. It also plans to utilise drones for traffic management and surveillance purposes. The government will allocate a separate budget for infrastructure and implementation.

Iran has unveiled footage of what it claims is the wreckage of US and Israeli drones, demonstrating its air defense capabilities. However, these assertions regarding the downed drones remain unverified by independent sources. The drones featured, the US MQ-9 Reaper and Israeli Hermes 900, are both sophisticated surveillance systems, further emphasizing Iran's strategic military posturing amid ongoing regional tensions.

Four crew members remain hospitalized following severe turbulence on an Air India flight. Most passengers from the incident have already been discharged from medical care. The Directorate General of Civil Aviation is currently investigating the cause of the turbulence. The regulator is also developing guidelines for emerging aviation technologies. India is creating its own aviation standards rather than copying others.

Jharkhand government held talks with protesting aspirants over alleged exam paper leaks. The government panel met with various factions of students demanding reforms. Protesters decided their stir would continue until all demands are met. Students seek cancellation of the 14th JPSC Civil Services Examination. The agitation entered its fifteenth day with no resolution reached.

An IITian CEO has shared how a Gen Z job candidate openly asked for a 30-minute afternoon nap every day to boost productivity. Instead of rejecting the unusual demand, he focused on whether the candidate could deliver results, sparking a wider debate about workplace hours, flexibility and measuring employees by output rather than desk time.

Unsold housing inventory in India increased by four percent by mid-2026. Lower-priced homes saw continued absorption, while premium segments experienced inventory growth. The time to sell existing stock slightly increased due to rising inventory and flat sales. Ahmedabad and the National Capital Region showed the longest inventory clearance times. Pune and Chennai demonstrated stronger absorption rates for residential properties.

In an inspiring discussion about Archewell Productions' inaugural documentary, Meghan Markle revealed that her daughter Lilibet is a source of her bravery and confidence. She passionately stated that being a mother is her true superpower. The documentary, titled Cookie Queens, features young Girl Scouts tackling business challenges. Meghan attended a special California screening to celebrate this significant project.

Non-banking financial companies saw gold-backed lending grow nearly seventy percent year-on-year. This strong expansion continued into June 2026, outpacing overall retail loan growth. Housing and vehicle loans also displayed robust credit growth during this period. The Reserve Bank of India strengthened regulations for gold and silver collateral loans. Credit to industry and services sectors experienced a moderation in growth.

Archaeologists discovered an elaborate Roman villa beneath farmland in southwest England. The site revealed a well-preserved polychrome mosaic floor dating to the fourth century AD. An unexpectedly sophisticated bathhouse with plunge pools was also unearthed during the excavation. Luxury artifacts, including a gemstone and bracelet, were recovered from the ancient villa. These findings highlight the considerable wealth and high social standing of its former inhabitants.

Union Minister Amit Shah encouraged urban cooperative banks to view the RBI's support positively. He highlighted the central bank's proactive assistance to the sector recently. Shah also emphasized the safety of small borrowers for lenders. The National Urban Cooperative Finance and Development Corporation will relocate its head office. This move aims to strengthen the cooperative banking sector across key states.

Rahul Gandhi is actively connecting with Gen Z through genuine social media interactions. Recently, he opened up about his fitness regime, stressing the necessity of persistence and consistency in workouts. He underlined the significance of healthy eating and minimizing alcohol intake. Gandhi promotes a holistic approach to health, showcasing Instagram as a vital platform for engaging with younger voters effectively.

The Traitors Season 2 brings 21 celebrities together for a high-stakes game of trust, strategy and deception. Hosted by Karan Johar, the contestants must identify the hidden Traitors while trying to survive challenges, secret alliances and eliminations. Set at Jaisalmers Suryagarh Palace, the new season promises more twists, betrayals and unexpected turns. Read on to know when it will start streaming on OTT.

India's food safety regulator has warned Diageo about misleading whisky maturation claims. The FSSAI stated that most of the product was not matured as labeled. This warning follows a ban on some Diageo and Inbrew spirits for artificial flavoring. The regulator is increasing scrutiny of liquor companies for incorrect labeling.

While many of us have support systems, ultimately, the responsibility of being happy depends on you. Only you can be in charge of your own mental well-being and happiness. In an old interview, rock icon Tina Turner urged fans to take charge of their own happiness.

Fujiyama Power Systems has commissioned a new 2 GW power electronics manufacturing facility. This facility in Ratlam will produce solar inverters and UPS systems. The expansion increases Fujiyama's total power electronics capacity to 4.2 GW. This move strengthens their integrated manufacturing for the rooftop solar value chain. A battery manufacturing facility is also progressing as planned at the complex.

Loneliness can signal a need for introspection and self-connection. Douglas Coupland's quote suggests spending time alone helps understand feelings. Solitude offers uninterrupted time for personal thought and reflection. This quiet time aids in identifying underlying emotions and needs. Ultimately, self-reliance grows from embracing moments of being alone. Read on to know why the quote feels relatable.

Quote of the day: Actor James Pickens Jr. shared a quote about finding peace in the popular show Grey's Anatomy, in simple moments. His quote emphasizes that small comforts like coffee and sunlight can ease troubles. This message offers a vital mental health reminder for modern, high-pressure lifestyles. Prioritizing these quiet rituals builds internal capacity to face hardships effectively. The enduring message encourages cultivating optimism and embracing life's continuity.

State Bank of India chairman admits missing digital payments bus, while YONO app attempts to catch up. Banks and fintech firms argue UPI merchant payments may soon incur charges. UPI processes billions of transactions monthly, with rising infrastructure and cybersecurity costs. SBI reported a 13.73% rise in consolidated net profit for the June quarter.

In a bid to enhance pilot retention, Air India and Air India Express have announced a salary hike of nine to fifteen percent. This initiative comes in response to fierce competition with IndiGo and other Middle Eastern carriers. Senior pilots, flying for forty hours per month, will now receive nearly seven lakh rupees.

India's crude oil import bill rose significantly in early 2026-27. Higher global oil prices and supply disruptions increased costs for refiners. Russia remained India's largest crude oil supplier during this period. The nation imports most of its annual crude oil consumption. This dependence makes India vulnerable to global price fluctuations.

Proverb of the day: In any given situation, it is common for individuals to interpret events through their unique lenses. Our personal values and ingrained biases can significantly influence how we perceive the intentions of those involved. But today's modern proverb of the day highlights the profound impact of perspective on our understanding of reality and disputes. Embracing diverse viewpoints promotes dialogue and fosters understanding in a fragmented society, especially within the realms of

The Public Sector Pension Investment Board is considering strategic moves for its Indian road assets. This Canadian pension fund is engaging an advisor to explore the possibility of divesting these investments, which could be valued at approximately $1.5 billion. These assets have played a crucial role in the fund's expansion, drawing attention from other potential investors.

Amid heightened regulatory scrutiny, Indian food and beverage companies are taking steps to update product labels and advertising claims. Regulators are stepping up the enforcement of established standards on consumer items and alcoholic beverages, prompting companies to review their packaging and messaging. Some have even opted to contest regulatory actions in court, as changing consumer preferences and a greater emphasis on label transparency push the industry toward clearer communication.

An investigation team probing alleged donation embezzlement at the Ayodhya Ram temple has completed its inquiry. The chargesheet is expected to be filed in court by the end of next month. A special investigating team, headed by IGP Kiran S, is coordinating the police investigation. Previously, the SIT had raised serious questions regarding a former trust member's role.

Police chiefs from seven western states met to devise a joint strategy. They finalized security arrangements for the 2028 Ujjain Simhastha Fair. Real-time intelligence sharing and synchronized anti-narcotics operations were resolved. Discussions also covered cybercrime and the use of modern policing technology. Future meetings will be held in Goa to continue these efforts.

As long as it proves to be economically feasible, India should persist in acquiring Russian crude oil. A new Senate bill from the US threatens to impose significant tariffs on countries engaging in Russian energy purchases. Being one of the leading buyers, India might suffer trade penalties. This leads to a critical choice between accessing cheaper oil and retaining US export possibilities.

Filmmaker Lokesh Kanagaraj made his acting debut in the Tamil romantic action thriller DC. The film, which explores crime and revenge, has reportedly secured its post-theatrical streaming rights. DC garnered approximately Rs 5.70 crore worldwide on its opening day. The movie features Wamiqa Gabbi and Sanjana Krishnamoorthy in key roles. Read on to know when and where to watch it online after its theatrical run.

Embracing wholesome breakfasts can greatly enhance your daily vitality and contribute to liver health. Harvard-trained gut doctor Saurabh Sethi recommends everyone struggling with fatty liver to consider a refreshing chia pudding adorned with nuts and berries for a boost of fibre and healthy fats. Greek yogurt mixed with berries and nuts serves as a protein-rich choice that keeps added sugars at bay.

Actress Susmita Mukherjee found herself in a tough financial situation when her production company declared bankruptcy. This unfortunate turn of events forced her to take on roles she wasnt particularly proud of, primarily to repay her hefty Rs 1 crore loan and support her daughters education overseas. Read on!

In a healthy twist on breakfast, Mumbai fitness coach Vanshika Khurana introduces her vegetarian omelette recipe. This flavorful dish boasts a superb protein content of 40 grams and a fiber-rich 9 grams, thanks to its main ingredients: besan, paneer, and fresh veggies. Ideal for vegetarians aiming for balanced nutrition, this omelette supports overall well-being and aids in tissue health.

IIT Guwahati researchers have developed an innovative optical sensing device for detecting water toxicants. This portable E-Eye device offers instant and accurate on-site analysis of various contaminants. It works by converting chemical reactions into digital data for easy interpretation. The technology aligns with the Jal Jeevan Mission, aiming to ensure safe drinking water for all. This innovation holds significant potential for government, industry, and public health applications.

New guidelines prohibit renewable energy projects within one kilometer of border areas. Sensitive zones extend fifty kilometers, requiring defense ministry clearance for some. Foreign staff require central government permission for project implementation. Land transfers to foreign companies need prior government approval. Comprehensive security measures and police posts are mandated for these projects.

Christopher Nolan's epic film 'The Odyssey' has achieved a significant box office milestone. The movie has now earned over one billion dollars worldwide since its release. This success places it among the year's top-grossing films and boosts interest in Nolan's adaptation. The film features a large cast, including Matt Damon and Tom Holland in key roles.

Jharkhand government officials met with protesting job aspirants on Saturday. The meeting occurred as Devendra Nath Mahto's fast entered its seventh day. Protesters demand cancellation of the 14th Jharkhand PSC Civil Services Examination. They also seek an independent probe into alleged irregularities. Massive protests have occurred in Ranchi over the past two weeks.

South Africa marks seventy years since the 1956 Women's March against apartheid laws. Many women still face significant gender-based violence and economic inequality today. The Women's Jail, now a museum, honors activists who fought against oppression. Paralympic champion Kgothatso Montjane acknowledges the paved path for current generations. The past's lessons guide South Africa's ongoing journey toward true freedom and equality.

Proposed US sanctions legislation makes India's trade deal with the United States more critical. Any disruption to crude supplies could raise India's import bill significantly. This situation may pressure the Indian rupee and impact the current account deficit. India will need to assess crude imports depending on ongoing US negotiations. The outcome of these talks will determine India's future energy import strategies.

Gujarat is studying Maharashtras legal and technology reforms as it prepares to amend its public trust law and improve oversight of charitable institutions.The state has around 1 lakh dormant, defunct or inactive trusts that are no longer carrying out their stated charitable activities.

Cricketer Rishabh Pant has reached out to the Chief Minister of Uttarakhand for his help in securing land to build his first home in his home state. After three years of seeking suitable property, Pant aims to settle down and contribute to the development of Uttarakhand. He emphasized his desire to purchase the land at government rates, demonstrating his commitment to his roots.

2026 Independence Day: Businesses established by Partition refugees have become integral to Delhi's identity. Moti Mahal restaurant began its journey in Peshawar before relocating to Daryaganj. Bahrisons Booksellers started in Khan Market with a small collection of books. Frontier Biscuits originated in Hoti Mardan and later opened in Sadar Bazar. These enterprises showcase resilience and the ability to rebuild livelihoods.

A WhatsApp message initiated the CBI's investigation into the NEET-UG 2026 paper leak. Investigators used app logs and a WhatsApp group to track students and identify question setters. Chemistry professor PV Kulkarni allegedly shared questions after memorizing them from NTA preparations. Physics paper was leaked separately by another NTA panel member for a fee. Leaked papers were transported to Rajasthan and circulated as mock tests by coaching centers.

With romance, comedy, crime and mystery all making their way to OTT this week, there is plenty to choose from. Whether you want a light office romance or something with a little more action, these five K-dramas offer different ways to spend your binge-watching hours. Read on to know when and where to watch these K-dramas

A private bus overturned and fell onto a lower road in Chamba district, killing seven passengers. Eleven others sustained injuries in the accident which occurred near Chalunj Mor on Saturday morning. Locals immediately rushed to assist and informed the police about the developing situation. Rescue operations are currently underway with multiple agencies involved in the search.

Ashish Yadav secured a silver medal in the men's javelin throw event. His throw of 74.09 meters opened India's medal account at the championships. T Dharanidharan finished sixth with a throw of 72.35 meters. South Africa's Jan-Hendrik Heymans claimed the gold medal with a throw of 80.50 meters. Yadav became the second Indian to win silver in this event.