The Economic Times

Macquarie Group has appointed Greg Ward as its new chief executive officer. He will replace Shemara Wikramanayake, who is retiring from the position. Ward, a long-serving executive, will take over the role on November 6. Investors view this appointment as a sign of confidence in the bank's strategy. The bank's chair, Glenn Stevens, is also scheduled to retire next year.

Illegal gravel mining has sparked a political storm at Andhra Pradesh's sacred Panchadarla hills. Opposition alleges a close aide of an MP is involved in the mining operations. The state mines department found gross violations and excess gravel extraction by the operator. Sacred springs supplying water to the temple have reportedly turned muddy due to the mining. The opposition demands a no-mining zone declaration and a thorough investigation.

Delhi anticipates generally cloudy skies for the upcoming six days. Light rain and drizzle are expected on Wednesday and Thursday. Daytime temperatures will remain between 33 and 34 degrees Celsius. Humidity levels are predicted to stay high throughout this period. The India Meteorological Department has not issued any weather warnings.

Sixteen Delhi Metro stations will be closed starting today at 7:30 AM. The Delhi Metro Rail Corporation announced this closure without stating a specific reason. Interchange facilities will remain operational at select stations for passenger convenience. Key transit points like Rajiv Chowk and Mandi House are among those affected. Commuters are advised to check for further updates regarding the metro services.

Secretary Rubio will meet Lavrov in Manila to discuss ending the Ukraine war. He also plans to explore other areas of potential cooperation between the two nations. Rubio discussed a recent South China Sea incident with China's Foreign Minister Wang Yi. This incident involved Chinese and Filipino forces in a disputed area. ASEAN foreign ministers are also negotiating a non-aggression pact for the South China Sea.

Vijay's final film, Jana Nayagana, has been released after facing several delays. Director H Vinoth recently confirmed that the movie is inspired by Bhagavanth Kesari. He also shared Vijay's reaction to this remake. The star-studded movie is now available in theatres in three languages. Read on to know more about it.

The US House approved a defense bill authorizing record funding for the Pentagon. This legislation includes a pay raise for service members and strengthens missile defense systems. The bill faces further debate in the Senate as political polarization continues. Democrats expressed concerns over military spending and the bill's provisions. Increased cooperation with Israeli armed forces is also a point of contention.

Opposition floor leaders will meet to strategize their joint parliamentary approach. Parliament remains stalled as the opposition demands a minister's resignation. They also insist on discussing the NEET-UG paper leak under a specific rule. The government is ready for debate but opposes new conditions. Meanwhile, a TMC leader criticized his party's suspended members.

Elon Musk has suggested a possible merger between Tesla and SpaceX, citing increasing overlap. Investors now believe a combination of these companies is highly probable within years. Tesla already supplies batteries and manufacturing technologies for SpaceX projects. The companies are also jointly developing a semiconductor manufacturing facility for AI chips. However, regulatory approvals and governance complexities present significant hurdles to any such transaction.

The European Union approved Paramount's Warner Bros. Discovery takeover with specific distribution conditions. This approval clears a major regulatory hurdle for the significant media merger. However, a US federal judge has temporarily halted the transaction for two weeks. This pause stems from a lawsuit filed by eleven US states seeking to block the deal. Paramount has received other international regulatory clearances while facing ongoing US legal challenges.

Today's Quote of the Day by Norman Vincent Peale reminds us that lasting success begins with two simple choices: believe in yourself and start with what you have. His timeless words encourage anyone feeling stuck, uncertain, or overwhelmed to stop waiting for perfect conditions. Sometimes, the smallest step taken with faith becomes the beginning of life's biggest transformation.

Asian families and fund managers are investing directly in sports assets. This trend fuels record dealmaking in the Asia-Pacific region. Wealthy investors are pursuing minority stakes in franchises and leagues. Growing audiences and rising media rights fees drive this investment. Sports are evolving into a strategic, institutional asset class.

Proverb of the day remains one of the most inspiring reminders that exploring the world is ultimately about understanding people. Landscapes may capture our attention, but human connections leave the deepest impressions. For readers, the Moorish proverb encourages more than planning the next vacation. It invites us to approach every journey with openness, curiosity, and respect. By embracing new cultures, listening to different stories, and recognizing the shared humanity that unites us all, we

Proverb of the day, A man who uses force is afraid of reasoning offers a timeless reminder that genuine strength lies not in overpowering others but in engaging them thoughtfully. Reasoned discussion requires confidence, patience, and humilityqualities that build trust far more effectively than fear ever can. For readers across the United States, this Kenyan proverb remains remarkably relevant in a rapidly changing world. As technology accelerates communication and public conversations become in

US President Trump's proposed tariffs on imported generic drugs will not immediately affect Indian drugmakers. Indian companies export significant generic medicines to the United States market. The proposed tariffs are set to begin in 2028, offering a two-year window. This lead time allows Indian firms to explore alternative export markets and adapt. American patients and insurers will likely face increased healthcare costs after tariffs are imposed.

Adani Group seeks to dilute a clause preventing airport operators from holding airline stakes. This change would enable the conglomerate to launch its own airline operations. The government is consulting legal experts on amending the existing airport privatization agreements. Such a move could introduce competition into the domestic aviation market. However, rivals anticipate strong opposition and regulatory scrutiny over potential advantages.

Blackstone and Anuj Tyagi are launching a new general insurance company in India. This venture will be 90% foreign-owned, following recent FDI limit increases. The company has filed an R1 application with IRDAI for approval to operate. It plans to utilize generative and agentic AI across all its operations. This move signifies growing global investor interest in India's insurance sector.

Indian banks are identifying twenty-five original equipment manufacturers for AI risk mitigation partnerships. A working group is developing a framework to identify and strengthen safeguards against cyberattacks. Banks will reduce network attack surface area by deploying defensive AI agents. Internal controls may not prevent exposure through weak vendors or third-party components. Vulnerabilities in embedded code can spread flaws across multiple financial institutions.

India's largest retailers are significantly increasing offline store launches this fiscal year. Companies like Reliance Retail and Trent are raising substantial funds for expansion. This growth marks the fastest pace seen since the Covid-19 pandemic period. Retailers are investing in physical stores and omni-channel infrastructure. Expansion efforts are focused on reaching deeper into existing markets.

Indian engineering colleges see a surge in electronics course applications this year. This trend is driven by new processor architectures and industry demands. Government semiconductor initiatives are also fueling student interest in hardware. Core engineering branches are gaining popularity alongside computer science programs. Companies are actively hiring graduates with interdisciplinary hardware and software skills.

Activist Sonam Wangchuk will end his fast if campaigners face no prosecution. Government ministers met Wangchuk and will formally reply to his open letter. Opposition leaders condemned police action against demonstrators and demanded the education minister's resignation. The Supreme Court declined an urgent hearing on petitions alleging police brutality. Delhi Metro shut sixteen stations, disrupting commuter travel plans.

Quote of the day by Cate Blanchett highlights the importance of authenticity, self-assurance, healthy boundaries and freedom from external validation. The statement encourages people to stop seeking approval from everyone and instead focus on personal values and growth. The quote also explains how confidence, self-acceptance and independent thinking can help people make decisions, reduce fear of judgment and live with purpose in daily life.

Japanese mindset of the day: A Japanese saying advises against waiting for luck to change life's circumstances. Passively waiting for good fortune can hinder personal growth and missed opportunities. Taking action, even small steps, creates possibilities for learning and advancement. Effort and preparation are within our control, unlike unpredictable luck.

Bitcoin bottom alert: Bitcoin investors observe two distinct signals regarding its bear market. The historical four-year cycle suggests further price declines may occur soon. However, broader economic factors and Federal Reserve policy could now influence Bitcoin's trajectory. Some analysts believe Bitcoin may have already reached its market bottom.

Psychology says people who don't like to take a bath every day aren't always avoiding hygiene or responsibility. Human behavior is influenced by personal habits, culture, climate, skin health, routines, and psychological factors. Experts say bathing frequency varies from person to person. This article explains what psychology says, the reasons behind this habit, the theories that explain it, research findings, and the lessons people can learn without making quick judgments.

Greer told the Senate Finance Committee that the investigations examined the top 60 US trading partners for failing to adopt and effectively enforce import bans on goods produced with forced labour. As soon as tomorrow, USTR will release its final responsive action on its Section 301 investigation of our top 60 trading partners' failure to address international trade in forced goods at their borders, he said.

Quote of the day by Luise Rainer: Happiness often lies in moments we do not recognize while living them. We may only realize our happiness later when the moment has passed. Luise Rainer's quote suggests appreciating the present is important. She was a German-born actress who won two consecutive Academy Awards.

Consumer prices rose 2.6% in the 12 months to June, down from 2.8% in May and the lowest annual rate since March 2025, the Office for National Statistics said Wednesday. The reading was below economists' median forecast of 2.7% and marked the third straight month inflation undershot expectations.

Head constable Ashiq Hussain Qureshi was killed in a suspected terrorist attack in Anantnag. The incident occurred in the busy Lal Chowk market area on Wednesday. Over two thousand suspects have been detained or questioned in connection with this attack. Preliminary investigation suggests a new group, United Liberation Council, claimed responsibility. Police are investigating whether the attacker was local or a foreigner.

India has achieved a 42% decline in undernourished people over two decades. The number of Indians unable to afford a healthy diet also fell significantly. This progress outpaces global trends in tackling hunger and malnutrition. However, the cost of a healthy diet has risen by over a third. These findings are based on a new report by the UN's Food and Agriculture Organization.

A new bill proposes safeguarding foreign-funded assets when NGO registrations lapse or cease. Revised rules link registration to specific purposes and approved states, excluding proselytisation. Assets will vest provisionally with a Designated Authority and return if registration is restored. If not restored, assets will permanently apply to public purposes after sale. The bill also clarifies automatic registration cessation and reduces penalties for violations.

Quote of the day by Katharine Hepburn reminds people that success depends on completing what they begin instead of only making a strong start. The quote explains the value of resilience, perseverance, determination, endurance, execution and commitment. Katharine Hepburn's life and career reflected this message through many challenges, career setbacks and achievements. The quote continues to inspire people working toward personal, educational and professional goals.

Mauritius cabinet ratified a tax protocol granting Indian officials more questioning powers. This allows direct challenges to offshore entities suspected of tax evasion. The principal purpose test will deny treaty benefits if tax avoidance is a primary aim. This change follows the Tiger Global verdict and strengthens genuine substance requirements. The protocol aims to ensure treaty benefits are for legitimate commercial purposes.

Japanese Proverb of the Day highlights the meaning of Peoples rumors last seventy-five days. The saying reflects how gossip, public opinions, and social attention are often temporary rather than permanent. It suggests that even when people talk about someones actions, choices, or mistakes, such discussions usually fade with time. The proverb encourages individuals to stay focused on their values, avoid being controlled by outside judgment, and remember that lasting respect is built through chara

The BCCI has significantly raised its reserve prices for title and associate sponsorship rights. New bids are now invited for these valuable commercial properties. The title sponsorship cycle runs until March 2028, covering many international matches. This move aligns with other BCCI commercial deals due for renewal. The board seeks to maximize revenue from its key sporting assets.

The Trust received over five thousand applications for the chief executive officer position. A committee requested an additional month to complete the selection process. The Trust also decided to appoint a secretary for temple management purposes. A spokesperson will be appointed to manage communication with the media. A religious committee was re-constituted to ensure proper worship traditions.

India extended a solar cell sourcing exemption for certain projects by seven months. Local manufacturers express concerns about this decision impacting investor confidence and production planning. The exemption allows open access and net metering projects to use imported solar cells. This move aims to protect standalone module makers and support domestic capacity growth. The government maintains its commitment to promoting local solar manufacturing.

Industrial Training Institutes have seen significant growth in numbers and capacity. Ethanol blending has not caused widespread vehicle engine failures, according to reports. The Pradhan Mantri Kaushal Vikas Yojana has improved job outcomes for trainees. Niti Aayog has spent over nineteen crore rupees on research projects. Thousands of kilometers of high-speed corridors have been completed and are under construction.

Global streaming shows now dictate Indian jewellery preferences, replacing Bollywood's influence. Young shoppers seek designs inspired by Bridgerton and Emily in Paris series. Rising gold prices also encourage consumers towards lighter, more wearable diamond jewellery. Millennials and Gen Z view jewellery as personal style and self-expression. This shift reshapes India's significant diamond jewellery market.

India is developing its own high-speed rail signalling protocol, the Bharat Train Control System. This system will be tailored for Indian conditions and reduce foreign technology dependence. Designs and route plans for future bullet-train corridors are expected by mid-2027. The new protocol will be open-source and cost-effective for nationwide deployment. Domestic suppliers will benefit from the country's own high-speed train operation protocols.

Mahanagar Telephone Nigam Ltd's liabilities will reach 40,000 crore by 2025-26. The company holds non-core assets valued at approximately 50,000 crore. Government measures have ensured MTNL remains Ebitda positive since 2020-21. Its Ebitda is projected to steadily improve over the next few years. This financial and administrative support aids in managing company liabilities.

Actor Salman Khan voiced support for students protesting alleged examination paper leaks. He described the movement as peaceful and urged it remain apolitical. Khan expressed sadness over the protest's violent turn and solidarity with injured students. He praised students for demanding educational reforms and a better future. The actor encouraged focusing on student concerns, not political interests.

Quote of the Day by David Hume: David Hume's famous quote, There is no such thing as freedom of choice unless there is freedom to refuse, explores the true meaning of liberty, personal responsibility and consent. The Scottish philosopher argues that a decision only has value when a person genuinely has the option to reject it. His words continue to remain relevant in discussions around personal freedom, relationships, workplaces and everyday decision-making. The idea is closely linked to Hume's

Phrase of the day: The idiom 'bite the bullet' means facing difficult situations bravely. This expression likely originated from battlefield surgeries without any anaesthetic. Patients would bite a bullet to distract themselves from intense pain. Rudyard Kipling's novel 'The Light that Failed' contains an early written example.

Maruti Suzuki is preparing to launch the updated Brezza facelift on July 24. The company has already commenced accepting bookings for the SUV ahead of its official unveiling. Reports suggest the refreshed Brezza will feature exterior updates and additional new features. A new 1-litre turbo-petrol engine option is also expected to be introduced. The updated Brezza will compete against several rivals in the compact SUV segment.