The Economic Times

Spain secured their second FIFA World Cup title after defeating Argentina 1-0 in extra time. The decisive goal came from Ferran Torres in the 106th minute of the match. Tempers flared after the final whistle, leading to a confrontation between players from both sides. Argentina's Enzo Fernandez was sent off earlier for a second yellow card during regulation time.

Spain secured its second FIFA World Cup title after defeating Argentina 1-0 in a tense final. The match featured an unprecedented, star-studded halftime show with global music icons performing. Madonna, BTS, Justin Bieber, and Shakira delivered performances during the 11-minute spectacle. Read on!

Quote of the Day by Christian Bale: I tend to think you're fearless Explore the quote meaning, psychology, life lessons, biography, and why courage begins with fearnot the absence of it. By separating fearlessness from the absence of fear, Bale offers a version of courage that does not require waking up a different person. It only requires acting, today, despite the discomfort already present.

Believe it or not, nothing beats hard work when it comes to attracting success. An old Korean proverb underlines this fundamental truth - that no matter how intimidating a goal may be, nothing increases our chance of overcoming obstacles and drawing success like hard work.

A ship caught fire near Oman's coast amid escalating US-Iran tensions. US airstrikes targeted Iran after a service member's death in Iraq. Iran retaliated with missiles toward Jordan, risking wider regional conflict. Both sides have targeted civilian infrastructure, impacting millions of people. Shipping traffic in the Strait of Hormuz has largely stalled due to these exchanges.

Andy Burnham is set to become Britain's seventh Prime Minister in a decade on Monday. He promises to ewire the nation, focusing on public concerns like the cost of living. Burnham faces numerous challenges, including underperforming utilities and slow economic growth. His first task involves appointing a new cabinet team, with the finance minister choice being crucial.

Elevated inflation persists due to West Asian tensions and a weak monsoon outlook. The Reserve Bank of India maintains its policy rate, diverging from global peers. Governor Malhotra stated that domestic inflation pass-through has remained limited so far. India's economic fundamentals remain strong despite geopolitical uncertainties and growth forecasts. Policymakers will monitor inflationary pressures before considering any monetary policy adjustments.

The ideal mix depends on each investors financial goals, risk appetite and time horizon, making asset allocation unique to every individual. In this weeks TrendMap, ET Wealth compares seven asset combinations. Portfolios with gold have delivered a notable return boost in recent years. By Sameer Bhardwaj.

It is relatively easier to reliably buy or sell property in the United States, compared to the process in India, which can be fraught with delays and in some cases instances of fraud and malpractice. The liabilities and penalties for such instances are clearly stated and implementable in the US.

India's virtual digital asset taxation remains among the world's toughest. Investors face a flat thirty percent tax on gains and one percent TDS. Specific provisions govern the taxation of cryptocurrencies and non-fungible tokens. Airdrops and staking rewards are taxed as income upon receipt. Non-disclosure of overseas holdings can invite severe penalties and prosecution.

Report even exempt equity gains under Section 112A, and file losses on time to carry them forward.

Key features such as the 12% contribution rate for employers and employees as well as the Rs.15,000 statutory wage ceilingremain unchanged, but the formalisation of revised provisions will trigger new operational obligations.

Global exposure, including oil & gold ETFs, and hedge against rupee depreciation are key draws of GIFT City ULIPs; but the market is nascent and experts caution against mixing insurance with investments.

Hybrid long-short funds rival debt, arbitrage and hybrid funds, but look beyond the label.

As NSE and Jio Platforms head for blockbuster IPOs, ET Wealth speaks to five early investors. Their journeys reveal the rewardsand the risks.

As football fever grips the nation, sportswear and snack sales soar to new heights. Anticipating a wave of fans for the final match, many bars and restaurants extend their hours into the night. Business owners report record-breaking demands for football gear and themed meals, showcasing the sport's rising influence on culture and economy across the country.

Quote of the Day by Charlie Kirk serves as a reminder that truth requires responsibility. In a world overflowing with information, honesty remains one of the most valuable qualities individuals, organizations, and societies can cultivate. Presenting facts accurately, providing appropriate context, and avoiding deliberate distortion help build trust that lasts far longer than temporary victories gained through misleading narratives. As technology continues transforming how information is created

Quote of the day by Emily Bront reminds us that the most influential dreams are those that permanently transform the way we think. They broaden our perspectives, deepen our understanding, and inspire us to pursue lives filled with purpose and creativity. They become part of our character, quietly influencing decisions long after the initial inspiration appears. In a world defined by constant innovation and limitless possibility, Bront's timeless words remain an invitation to dream boldly. The id

Quote of the day by E. M. Forster is a timeless life lesson on hopeful vision for the modern world. It encourages us to imagine what becomes possible when empathy replaces suspicion and understanding replaces hostility. While disagreements among nations may never disappear entirely, the values represented in his words continue to inspire meaningful progress. In an increasingly connected world, the future will depend not only on technological innovation or economic growth but also on our ability

Ferran Torres scored a late goal, securing Spain's World Cup victory over Argentina. Spain's dominant performance denied Lionel Messi a second consecutive title in his final tournament. This triumph marks Spain's second World Cup title and a historic simultaneous hold on men's and women's trophies. The team extended its unbeaten streak to 38 matches, setting a new European record. The event attracted numerous celebrities and billions of global viewers.

Phrase of the Day by Aldous Huxley is timeless words of wisdom offering a practical roadmap for thriving in an increasingly complex world. We cannot control every headline, economic shift, or unexpected challenge. We cannot determine every opinion others hold or every obstacle that appears along the way. But we can choose how we respond. We can strengthen our character, expand our knowledge, refine our skills, and treat others with greater compassion. In a culture often focused on changing the w

Now the director of IIT Madras, V Kamakoti's journey to success was anything but smooth. He did face some academic disappointments. He once failed to clear the competitive exam JEE in 1985. Today, Kamakoti is the Chairman of Joint Entrance Examination.

Gion Matsuri originated in the late 9th century as a ritual to appease spirits believed to cause epidemics and to pray for protection from disease.

In June 2026, Axis Bank announced a further investment of up to ?381 crore in Axis Max Life Insurance, taking the combined shareholding of Axis Bank and its subsidiaries-Axis Capital and Axis Securities-from 19.02% to 19.99%. Max Financial Services holds 80.01%.

The RBI has asked banks to resolve long-pending mismatches between trade and payment records worth thousands of crores. Banks must verify documents and transactions to regularise genuine export-import cases. Clearing old EDPMS and IDPMS entries could improve compliance, prevent businesses from being flagged and ensure more accurate trade data.

The television distribution industry in India is calling on the government to adopt technology-neutral regulations as the Ministry of Information and Broadcasting prepares new authorization guidelines. Industry stakeholders are advocating for equitable treatment across satellite, cable, and internet platforms, while pressing for the implementation of the long-overdue recommendations from the Telecom Regulatory Authority of India to combat regulatory imbalances and a shrinking pay-TV sector.

Indian hospitality professionals are increasingly seeking jobs back home from West Asia. Regional tensions and industry slowdown have triggered this significant influx of applications. Professionals cite fewer tourists and pay cuts as key reasons for their return. India's expanding hospitality landscape offers more senior leadership opportunities. Architects and designers are also exploring opportunities within India.

India is emerging as a preferred destination for long-term global real estate investment amid geopolitical uncertainty, driven by its strong economic growth, young workforce, expanding talent pool and infrastructure development, Savills Group CEO Simon Shaw said.

Alcon is significantly increasing its investments in India's eye care market. The company sees India as a crucial emerging growth market for its future. Rising eye disorders among younger Indians are a key driver for Alcon's expansion. Alcon plans to enhance innovation and surgeon training programs across the nation. Future manufacturing in India is also being actively evaluated by the company.

India's petroleum ministry is developing a policy for ethanol as a mainstream cooking fuel. This initiative aims to reduce dependence on imported liquefied petroleum gas. The government may introduce subsidies to encourage ethanol adoption and build necessary infrastructure. India's significant ethanol production surplus supports this potential transition. Oil companies are researching and developing ethanol-based stoves and dispensing systems.

Top Indian IIMs are admitting more non-engineers into their programs. This shift reflects a growing recruiter demand for interdisciplinary thinking and varied problem-solving. Non-engineers now form a significant portion of new batches at leading management institutes. This trend is driven by admissions policies that value academic and gender diversity. Recruiters are actively seeking candidates from a wider range of educational backgrounds.

Expected FCNR(B) deposit inflows are now projected at fifty to fifty-five billion dollars. Taxation complexities for nonresidents and tighter West Asian liquidity are impacting these mobilizations. Early estimates had not fully factored in the tax impact on non-resident Indians. The Reserve Bank of India's special incentives for this program will conclude on September thirtieth. HDFC Bank is pursuing a three-pronged approach to maximize its deposit mobilization efforts.

Movie buffs are turning to Wikipedia to do their homework before heading to theatres: traffic on the page with the entry on Odyssey the epic crossed 300,000 a day over the weekend, making it the second-most read page after the one about the film itself.

West Bengal's new government is expected to boost real estate activity significantly. Developers anticipate land reforms, including the repeal of a key act, to unlock development. Investment commitments exceeding 28,000 crore have already been secured by the state. Enhanced connectivity and swifter government approvals will further accelerate sector growth. The state is well-positioned to become a leading growth engine for Eastern India.

Ladakh's plans to redraw sanctuary boundaries face national security and local development challenges. A new committee will define core wildlife areas, addressing strategic concerns near China and Pakistan. Existing protected areas already cover a significant portion of Ladakh's total geographical area. Future developmental and defense projects will require lengthy wildlife clearance processes. This will likely increase project costs due to compensatory afforestation fund requirements.

J.P. Morgan identifies India as a priority market due to its strong economic growth. The firm is expanding its local investment banking team to meet this demand. India's long-term investment case remains robust despite current global uncertainties. Oil price volatility presents a near-term risk, though India is better positioned. Foreign capital is expected to return as India's sustainable growth proves itself.

The Enforcement Directorate has registered a money laundering case concerning foreign funds. Nearly ninety-five crore rupees in illegal foreign funds were allegedly channeled into India. These funds were reportedly used via foreign bank cards between November 2025 and April 2026. The agency is investigating the destruction of digital evidence and foreign organization involvement. This probe follows FEMA investigation and FIRs registered by state police.

India's Global Capability Centres are expanding significantly into manufacturing and other industries. These centers are now handling product development and innovation, not just back-office tasks. GCCs leased substantial office space, driving demand for Grade A assets across cities. This diversification reduces reliance on technology firms for commercial real estate growth. India's skilled talent and cost advantages continue to attract global companies for these functions.

JSW Steel Joint Managing DirectorJayant Acharyasaid global reconstruction efforts, particularly in theMiddle East, Ukraine and Palestine, are expected to support steel demand and help stabilise global markets. He said India's steel demand remains strong, though rising imports are a concern, adding that government measures such as anti-dumping duties could help protect the domestic industry.

Quote of the day by Kate Hudson: Actress Kate Hudson advocates for mindful sugar intake and moderation. She believes excessive sugar is harmful but complete avoidance is unrealistic. Hudson's philosophy emphasizes balance and thoughtful consumption of enjoyable foods. She rose to fame for her role in the film Almost Famous.

The move is aimed at creating opportunities for employment, entrepreneurship, apprenticeship, higher education, reskilling and international certifications of the candidates.

A parliamentary panel is examining changes to corporate law amendments. Investors may become partners in newly formed LLPs instead of trustees. The committee also debates proposed relaxations in corporate social responsibility norms. A framework for overseas companies to re-domicile in India is under consideration. The panel expects to adopt its report in early August for parliamentary review.

This is a flagship project for India and Japan. Both countries are working on a common goal of commercial operations in 2027, a senior official told ET, adding Japanese experts are supervising work from the beginning of construction in 2021.

Kuwait is in talks with Pakistan to sign acomprehensive defence pactamid escalating regional tensions following Iran's renewed attacks on Gulf infrastructure. The proposed agreement could include the deployment ofPakistani troops, fighter jets, drones and air defence systemsin Kuwait, with Islamabad seeking greater energy cooperation and investment in return.

At least12 people were killedandseven others went missingafter torrential rain triggered flash floods and landslides inRajouri and Poonchdistricts of Jammu and Kashmir on Sunday, prompting large-scale rescue and relief operations.

More than 20 people were injured, and 300 have been displaced so far. The US Geological Survey (USGS) reported the quake struck on Saturday at 9:24 pm local time, with its epicentre located 2 kilometres west-southwest of the city of Sicaya, in Huancayo province.

Activist Sonam Wangchuk's wife, Gitanjali Angmo, said she will lead Monday's planned march to Parliament in his place after the Delhi High Court declined to order his transfer from Safdarjung Hospital to a private hospital. She urged protesters to keep the demonstration peaceful and remain alert against any attempts to disrupt it.