The Economic Times

The Indian Air Force maintains its third global ranking for the fifth year. This assessment considers fleet size, technology, and operational capabilities. The IAF's quality fleet outweighs China's larger numerical strength. Acquisitions like Rafale and Tejas will enhance fighter capabilities significantly. Future inductions and indigenous development support long-term modernization plans.

In view of the ongoing Shri Amarnath Ji Yatra, security arrangements along the Jammu-Srinagar National Highway have been significantly strengthened to ensure the safety and security of pilgrims as well as the general public.

United States forces launched strikes into Monday morning after an Iranian attack. Iran retaliated by targeting countries across the Middle East region. Missile alert sirens sounded in Bahrain, home to the US Navy's Fifth Fleet. Iranian state media acknowledged attacks on its soil, reporting explosions and casualties. The Strait of Hormuz has become a key issue challenging an interim deal.

Security forces recovered arms, explosives, cash and a gold biscuit worth around Rs 18 lakh during an anti-Naxal operation in Chhattisgarh's Dantewada district, officials said.

India rejected a swift trade agreement with the United States, seeking more favorable terms. New Delhi's confidence stems from new trading partners and eased economic risks. India's government official stated they will not rush into an unfavorable deal. Rising exports and diversification initiatives have strengthened India's negotiating position. India is calculating potential legal and political setbacks for US trade measures.

Over 2,700 people died in England and Wales due to recent heatwaves. Experts used weather data and climate models for this mortality estimate. Two unprecedented heatwaves occurred in May and June, setting new temperature records. Climate change is making these extreme heat events more frequent and intense. The UK faces growing threats to wellbeing from rising global temperatures.

Nippon Paint has reportedly made new offers for AkzoNobel's decorative paints unit. The latest proposal values the business at approximately seven point five billion euros. AkzoNobel's management has not engaged with Nippon Paint regarding this offer. Instead, AkzoNobel is proceeding with a planned merger with Axalta. Paint companies are seeking mergers to manage rising costs and competition.

Venezuela's earthquake death toll has risen to nearly 4,500 people. Over 19,500 individuals are now residing in temporary camps after the disaster. The government is planning to provide some apartments to affected families soon. Significant resources will be required for rebuilding and offering housing assistance. Aid shipments have arrived from Russia and the United States.

Taiwan's defense ministry detected five Chinese naval vessels and ten official ships operating nearby. Taiwan's armed forces monitored the situation and responded accordingly to the detected vessels. Earlier, one Chinese naval vessel and four official ships were also detected operating around Taiwan. China hopes the United States will handle Taiwan-related issues with extra prudence. China asserts Taiwan is an inseparable part of its territory, a complex historical claim.

Iran condemned recent United States attacks, stating they undermined diplomatic efforts. These strikes aimed to degrade Iran's ability to attack commercial ships. Iran called the attacks a violation of the UN Charter and a threat. The foreign ministry said the actions disrupted peace and security in West Asia. Tehran also blamed the US for insecurity and shipping disruptions in the Strait of Hormuz.

TrendMap presents a 10-year performance tracker of domestic market sectors. Nine key NSE Sector indices show annual returns ranked by performance. Metals remain the long-term leader despite market cycles and volatility. Data includes YTD for 2026 and historical trading day closing values. This analysis covers Auto, Banks, Energy, FMCG, Infra, IT, Metals, Pharma, and Realty.

If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 111th part of this series, Riju Mehta lists some of the penalties you may be liable to pay.

The Reserve Bank of India is carefully unwinding its large bearish dollar position. This move aims to support the rupee without causing market instability. Recent measures are attracting foreign capital, aiding the central bank's strategy. However, the pace of unwinding is crucial to avoid currency depreciation pressure. The RBI faces a delicate balancing act in managing its forward exposure.

It is often witnessed that the aggression of marketing executives in AMCs to onboard an investor is not reciprocated while settling death claims, when the bereaved family expects empathy and handholding, and the funds to relieve them from the stress of having lost a loved one. Sebi should review the ground-level situation with SWPs becoming a financial trap for surviving spouses.

Aluminium prices have seen significant swings this year driven by geopolitical tensions. Demand from key sectors like electric vehicles is robust and outpacing supply growth. Analysts remain constructive on Indian producers like Nalco and Hindalco Industries. Valuations have eased, making the sector attractive for investors. A buy-on-dips strategy is recommended amid ongoing global macro uncertainty.

A large number of senior citizens find it difficult to get individual insurance covers. Insurers may charge higher premiums or decline coverage. So, while the premium comparison is made between the group rates and the lowest available individual rate, the possibility of getting standalone coverage is lower. Under a group plan, however, coverage is usually guaranteed.

Indian influencers and gig workers face significant tax compliance challenges. Many struggle with tracking income and claiming eligible deductions accurately. Discrepancies in TDS reporting create difficulties when filing income tax returns. Uncertainty surrounds the classification of influencers as businesses or professionals for taxation. Clearer guidelines are needed to simplify tax procedures for this evolving sector.

Mirae Asset Investment Managers (India)s equity funds have experienced a period of underperformancethe first major blip since inception in 2007. Chief Investment Officer Neelesh Surana speaks to Sanket Dhanorkar on his market outlook and fund strategies.

India's primary market anticipates a busy season with major IPOs approaching. Many investors are borrowing funds to maximize their application sizes. This trend is fueled by increased retail participation and convenient application methods. However, borrowing carries significant risks, including allotment and weak listing uncertainties. Careful consideration of costs and potential returns is essential before leveraging for IPOs.

Under the old Income Tax Act, 1961, the regime operated under three separate provisions. The new Income Tax Act, 2025 consolidates them into a single section. While this structural consolidation is welcome, it does introduce substantive changes that could raise taxable income and cause fresh compliance issues.

Elder care firms offer vital support for ageing parents of distant children. These companies provide healthcare, companionship, and daily assistance to seniors. Many non-resident Indians and those living far away utilize these services. India's senior population is growing, increasing the demand for elder care. Companies ensure safety and peace of mind for families with their services.

U.S. and Iranian forces exchanged heavy missile and drone assaults across the Gulf region. Iran stated it had again closed the vital Strait of Hormuz, impacting global shipping. The United States military launched retaliatory strikes against Iranian facilities on Sunday. This renewed violence casts further doubt on an interim U.S.-Iranian agreement. The escalating conflict has driven energy prices higher and fueled global inflation.

Quote of the day by Walt Disney offers life lesson on living with balance and purpose. Optimism inspires courage, perseverance, and hope, while realism encourages thoughtful planning, responsibility, and practical action. Together, these qualities enable individuals to face life's uncertainties with confidence and resilience. By embracing both positive thinking and realistic understanding, people become better equipped to overcome challenges, appreciate life's blessings, and build a future shape

Carlyle plans a significant investment in Micropack, an Indian defence electronics manufacturer. This deal marks a major private equity entry into the nation's defence technology sector. The investment aims to scale up homegrown manufacturing capabilities and supply chains. Micropack serves key clients like Isro and DRDO with advanced electronic components. India's defence spending continues to rise, boosting indigenous manufacturing and investor interest.

The power ministry plans cabinet approval for a new electricity policy next month. This policy aims for higher per capita electricity consumption by 2030 and 2047. It proposes linking tariffs to inflation and recovering fixed costs through demand charges. The overhaul will also promote competition in electricity distribution networks. Significant investment is anticipated for the power sector's future growth.

Quote of the day by Kim Kardashian teaches a life lesson about confidence, perseverance, and personal growth. Being underestimated should never prevent individuals from pursuing their ambitions. Through discipline, resilience, humility, and consistent effort, people can transform doubt into opportunity and expectations into achievements. Rather than seeking approval from others, true success comes from believing in oneself, working diligently, and allowing accomplishments to reveal abilities tha

Quote of the day by Harrison Ford expresses a profound truth about humanity's place in the world. Nature has sustained life for millions of years and continues to provide the essential resources that make civilization possible. Human health, food security, economic prosperity, and cultural development all depend on healthy ecosystems. By respecting, protecting, and restoring the natural environment, we are not simply preserving the planetwe are protecting our own future. Recognizing this interde

While cold water and air conditioned room themselves do not contain viruses, what they do affect is our immune system. Temperature in the atmosphere does have an impact on how our bodies react to a viral attack or an infection.

Jammu and Kashmir police have arrested three publishers in connection with inappropriate book content. These arrests stem from an FIR registered by the counter intelligence unit in Jammu. Two books found in government libraries contained chapters glorifying separatist leaders. The Jammu and Kashmir administration has already withdrawn these controversial books. Both publishers and authors involved have been blacklisted by the administration.

The Enforcement Directorate is investigating a sophisticated transnational cyber fraud network. This syndicate used mule bank accounts and shell entities for money laundering. Indian victims were defrauded through various online scams and investment schemes. Proceeds were laundered through overseas platforms and cryptocurrency transactions. The agency has sought information from foreign shores to identify culprits.

With the departure of Brendon McCullum after a series defeat against New Zealand, Rahul Dravid's name surfaces as a top candidate to take over as the England Test team coach. Known for his thorough approach to the game, Dravid is among the favorites alongside Andy Flower and Richard Dawson, as the England and Wales Cricket Board hopes for a successful shift in leadership prior to the Ashes next year.

Bangkok pub fire: A massive fire engulfed a Bangkok pub early Monday morning. At least twenty-seven people tragically lost their lives in the devastating blaze. Rescuers reported the fire erupted around midnight in the northern part of the city. Footage showed thick black smoke billowing into the sky as people fled. The cause of the deadly incident remains under investigation by authorities.

India observed a day of national mourning for the former Emir of Qatar. The national flag flew at half-mast across the country on Monday. Prime Minister Modi recognised the deceased leader's significant developmental contributions. No official entertainment was scheduled for the day of mourning. A minister will visit Qatar soon to convey India's condolences.

Lionel Messi's scoring prowess was temporarily paused as he provided a pivotal assist for Argentina's first goal in a thrilling match. Switzerland struck back to level the game, necessitating extra time where Julian Alvarez and Lautaro Martinez shone, clinching the win for Argentina. Coach Murat Yakin spoke about plans to manage Messi's impact. Looking ahead, Argentina gears up to challenge England in the semifinals on Wednesday.

More than 15,000 ATM units are expected to come up for request for proposals (RFPs) for cash recyclers, with nearly 77% of these belonging to PSBs, according to industry executives. Punjab National Bank, Union Bank of India and Bank of India are among the lenders expected to issue recycler RFPs.

India condemned an attack on a commercial vessel carrying Indian nationals. Ten of eleven Indian sailors were rescued, while one remains missing. Four energy-bound vessels for India are currently stuck in the Strait of Hormuz. This marks the fourth incident involving Indian nationals since June. India calls for de-escalation and diplomatic solutions for regional stability.

India requires infrastructure investments of nearly Rs 770 lakh crore over the next 20 years. This requirement cannot be met through budgetary resources alone; private capital will need to play a larger role, says Rajkiran Rai, managing director and chief executive of National Bank for Financing Infrastructure and Development (NaBFID).

A new seven-point security grid will be integrated by this year's end. This grid will involve the Union government, central agencies, and state administrations. Locals will also be a key component of this comprehensive security framework. Smart border technologies and an anti-terrorism grid are planned for implementation. Regular interactions will ensure the effective functioning of this new security setup.

Jannik Sinner secured his second consecutive Wimbledon title by defeating Alexander Zverev. This victory marked Sinner's fifth Grand Slam title overall. He previously won Wimbledon after a French Open setback. Linda Noskova also claimed her first Grand Slam title in the women's final. Sinner extended his winning streak against Zverev to ten matches.

The India-UK trade agreement, effective July 15, offers Indian exports significant market share growth. This historic deal removes tariffs on many Indian goods entering the United Kingdom. British products like chocolate and auto parts will see reduced import duties in India. Indian companies can now bid on non-sensitive government procurement contracts in the UK. The agreement addresses trade barriers, benefiting sectors like steel and marine products.

India and Australia have finalized a uranium supply agreement. This deal allows Canberra to supply uranium for India's nuclear power plants. Australia overcame earlier reservations about India's civilian nuclear program. Both nations agreed on a formula satisfying IAEA safeguards requirements. This operationalises the 2014 Civil Nuclear Agreement between the two countries.

The Indian Army is initiating a process to acquire indigenous long-range attack drones. These drones will possess AI-enabled targeting and operate in GPS-denied environments. The systems must accurately hit targets at a 1,000 km range with a 25 kg warhead. The Army aims to create an independent ecosystem for drone manufacturing in India. This acquisition will enhance the armed forces' strike capabilities significantly.

Leading pharmaceutical companies seek Regulatory Data Protection to boost research investments. Public health groups and local makers oppose this, fearing extended monopolies and delayed generics. The Organization of Pharmaceutical Producers of India argues it benefits indigenous drug makers too. China has already implemented similar clauses, seeing significant research deal growth. India's regulatory alignment with global practices could attract discovery research investments.

Earlier this week, the state-run steelmaker and the Indonesian company signed a memorandum of understanding to explore setting up a joint venture to manufacture stainless steel slabs to meet rising demand in India.

In the wake of an increase in the FDI limit, Japan's Sompo Holdings is keen on expanding its operations in India, viewing it as a crucial market for future endeavors. With aspirations to utilize their global knowledge, Sompo aims to bolster Universal Sompo's growth and potentially venture into various well-being sectors within India, showcasing a steadfast dedication to the Indian market.

The Reserve Bank of India is exploring a new savings product for education. Banks are discussing this proposal and will submit their recommendations soon. Rising education costs necessitate such dedicated financial planning tools. This initiative aims to help families build a corpus for school expenses. The proposed product may require new regulatory dispensations from the RBI.

Indian banks are now mandated to disclose their anti-money laundering measures concerning international business partners. Corporations with overseas investments will relay this information to the Reserve Bank of India.

In an evolving landscape, Indian real estate developers are strategically bolstering their legal departments. This growth represents a pivotal shift towards a more structured approach to deal-making. Leading developers are on the lookout for legal leaders and experts to adeptly handle various transactions, while law firms actively seek to recruit professionals from competitors. Moreover, effective legal planning has become integral to the overall business strategy for developers and their invest

The surge of digital content in India is encouraging children to purchase more toys, significantly boosting demand. With its vibrant youth population and improving economic conditions, India stands out as a prime market for Mattel. Furthermore, the country is solidifying its role as a manufacturing powerhouse for international toy exports. As imports have steadily declined since 2019, the focus has shifted to bolstering local production.

Psychology suggests that people who have multiple pets aren't necessarily lonely or avoiding human relationships. Every pet owner has a unique story, and the decision to welcome multiple animals into a home is shaped by personality, opportunity, resources, and life experience.