The Economic Times

Best proverb of the day: Anyone can be polite to a king, but it takes a gentleman to be polite to a beggar is an African proverb that explains the value of humility, kindness, respect, and human character. It teaches that true character is revealed by the way people treat those who cannot offer them power, wealth, or personal benefit. The proverb remains relevant in daily life, workplaces, leadership, and relationships.

German philosopher Arthur Schopenhauer's quote of the day encourages reflection on the identities people inherit rather than select for themselves. The quote highlights how many beliefs and labels are assigned at birth and invites individuals to think critically about them. Explore the meaning behind the statement and looks at Schopenhauers life, philosophy, major works, and lasting influence on modern thought.

Best Quote of the Day by Denzel Washington reminds people that life is not only about earning money but also about creating a positive impact. The quote encourages people to focus on purpose, service, goals, and personal growth. It explains that success comes from helping others, learning from failure, and leaving behind work that benefits society for years to come.

Best Proverb of the Day highlights the Ghanaian saying, It is the calm and silent water that drowns a man. The proverb explains why people should not judge situations only by appearances. It teaches lessons about hidden dangers, complacency, caution, intelligence, wisdom, unpredictability, and quiet strength. The saying remains relevant in daily life, relationships, workplaces, and decision-making because it encourages people to stay alert even during peaceful situations.

The sector regulator has recalled refinancing support worth nearly Rs 500 crore a punitive action that has set off a sweeping leadership overhaul at the company. ET was the first to report on April 13 that managing director and CEO Sachinder Bhinder was being asked to step down, with Manu Singh former home loans head at Kotak Mahindra Bank set to take over. A week later, on April 20, the company confirmed Bhinder's resignation and Singh's appointment as the new CEO.

India's crypto sector faces a new crisis as the Enforcement Directorate probes four firms for unauthorized foreign money transfers using digital coins. This action highlights potential breaches of foreign exchange laws, even when the underlying funds are legitimate. The move could significantly impact crypto exchanges' ability to source offshore liquidity, raising concerns about cross-border virtual asset transactions and their compliance with FEMA regulations.

Italian Prime Minister Giorgia Meloni's recent announcement of quitting smoking at the G7 summit has sparked global attention. This personal victory mirrors a broader trend, with millions worldwide ditching cigarettes. Fresh survey data from India confirms this decline in smoking habits across various states, highlighting a significant public health shift.

Charles began releasing his personal tax information when he was heir to the throne, but will become the first monarch to disclose it. The decision to do so as Sovereign has come at the express wish of the King himself, a palace spokesperson said in a statement released late Saturday to a limited number of British media outlets.

Poorna Sundari, who lost her vision at five, defied all odds to achieve an All India Rank of 286 in the 2019 UPSC Civil Services Examination on her fourth attempt. Despite facing immense challenges with accessible study materials, her unwavering determination, supported by her parents and friends, led her to become an IRS officer.

The poll of 3,644 respondents, conducted between June 17 and 20 by the Hebrew University of Jerusalem in collaboration with the Agam Institute, paints a stark picture of public sentiment following the US-Iran deal. Of those surveyed, 92.1 percent said Iran had won or gained more from the conflict, while 82.9 percent felt that Israel's long-term security had been weakened.

Yoga sessions unfolded at iconic Indian heritage sites, including the Taj Mahal and Warangal Fort, to celebrate the 12th International Day of Yoga. With the theme 'Yoga for Healthy Ageing,' the Archaeological Survey of India organized events nationwide. In Delhi, officials joined a session at Purana Quila, highlighting yoga's role in promoting well-being and active living amidst India's rich history.

India's Big Four accounting firms have achieved remarkable growth, outperforming global peers in fiscal year 2026. PwC and Deloitte reported significant revenue increases, while KPMG and EY also saw substantial gains. Technology consulting is a major driver, contributing significantly to revenue across all firms. Despite reporting variations, all four have surpassed the $1 billion India revenue mark, signaling robust expansion and strategic investments in key service areas.

The Bombay High Court has cancelled Thane-based Menschlich Healthcare's trademark 'Duphachrit' in favour of Abbott Product Operations AG. The court found the mark deceptively similar to Abbott's 'Dupha' family of brands, including Duphaston and Duphalac, which have been in use since 1951. Justice Arif Doctor ruled that Menschlich's adoption of the mark was dishonest and intended to capitalize on Abbott's established reputation and goodwill.

Across the globe, from Tokyo's ancient temples to New York's bustling Times Square, yoga enthusiasts united on Sunday to observe the International Day of Yoga. This widespread celebration highlighted the enduring global appeal of this ancient Indian practice as a means to achieve health, inner peace, and overall well-being. Numerous Indian missions worldwide also hosted vibrant yoga events, underscoring the practice's international significance.

New draft rules from the Department of Telecommunications will allow administrative spectrum assignment for state-run firms like BSNL and MTNL, law enforcement, and private satellite/broadcasting companies. These rules specifically apply to geostationary orbit (GSO) satellite users, including VSAT and teleport operators, with spectrum fees set at 3-4% of adjusted gross revenue. Non-GSO players like Starlink are awaiting separate pricing and approval processes.

After the interim (US-Iran) peace deal was announced, exporters started buying basmati rice in good quantities for shipment to the Middle East and prices surged 15-20%. But this sudden announcement will bring down prices, said Dev Garg, vice-president, Indian Rice Exporters Federation.

Heir Leonardo Maria Del Vecchio is publicly challenging his family's holding company, Delfin, over a proposed 10 billion euro buyout of two siblings. He accuses the board of unclear governance and shifting positions, escalating a battle for control of a vast fortune. The deal, aimed at consolidating his stake and easing family divisions, faces complex financing and potential alternative proposals from Delfin's chairman.

Hospitality sector occupancy is projected at 66-68% for early FY27, rising to 72-74% for the full year, according to ICRA. However, prolonged West Asia conflict could impact these figures, particularly business travel. Despite geopolitical concerns, hotel chains are reporting robust double-digit revenue growth, with some anticipating continued strong performance. A potential shift from international to domestic travel might also boost local spending.

Indian diplomats are increasingly championing domestic single malt whiskies abroad, transforming embassies into showcases for connoisseurs. Brands like Indri and Rampur are being featured at diplomatic events in cities from Seoul to New York, boosting global visibility and forging commercial ties. This trend highlights the rising international appeal of Indian spirits, with foreign missions playing a crucial role in introducing these award-winning brands to new markets and influential buyers.

ETs roundup of the wackiest whispers in corporate corridors.

In response to a staggering 590 crore fraud uncovered in Haryana government accounts, the finance ministry has mandated that public sector banks must enhance their security measures. Banks are urged to conduct thorough reviews of their current practices, adopt more stringent Standard Operating Procedures, and strengthen security protocols to avert any future fraud incidents.

A Nagpur student, Abdullah Talib, successfully took the NEET-UG re-test on Sunday after his examination centre was shifted from Abu Dhabi to his hometown. Initially anxious, he appeared for the exam after counselling. His father noted the re-test paper was more challenging than the cancelled original. The NTA confirmed the student had requested the Nagpur centre after initially being allotted Abu Dhabi.

A techie named Shubh Jain has sparked discussion online after sharing why he left a job paying around 1.2 lakh per month in Mumbai and later felt happier earning about 40,000 in his hometown. In a post on X, he explained how high living costs, convenience spending and the fast-paced lifestyle in a Tier 1 city reduced the benefits of a larger salary. While he credited Mumbai for professional growth and independence, he said moving back home brought more space, family support, lower expenses and g

Psychology suggests that young adults who decorate their rooms with favorite show characters or superstars are rarely being childish. More often, they are shaping and expressing their identities. Humans naturally seek inspiration, and surrounding themselves with admired figures can serve as a reminder of their interests, values, aspirations, and sense of belonging.

Armed Nihangs held a Sikh devotee hostage atop a Rudraprayag gurdwara for over 24 hours, demanding the release of four sect members arrested after a June 16 clash. A significant police presence contained the situation, with authorities reporting it fully under control. Negotiations were underway to secure the hostage's safe release from the locked third floor.

With the UK deal kicking in next month, an EU pact likely next year, and a US agreement in the works, over 60% of Indias trade will soon fall under preferential terms.

An Enforcement Directorate probe into an alleged organ trafficking ring in Kerala has uncovered a network masquerading as a medical tourism firm. Officials revealed that financially vulnerable individuals were exploited for profit. Searches at multiple locations, including hospitals, followed the registration of a money laundering case based on Kerala Police FIRs detailing forgery and cheating.

Indian exporters must elevate product standards and meet UK regulations to fully leverage the upcoming India-UK free trade agreement, effective July 15. Experts urge the government to launch nationwide outreach programs, mirroring UK efforts, to equip domestic industries. This proactive approach will help businesses transform the agreement's potential into tangible commercial success, establishing them as dependable supply chain partners.

India's merchandise exports saw a robust 15% year-on-year growth in April-June, defying global economic headwinds, according to Commerce Minister Piyush Goyal. This positive trend continues despite US tariff impositions. Meanwhile, crucial trade talks with the US are set to commence this week, aiming to finalize a bilateral trade agreement framework. Discussions will address tariffs and potential new probes.

Iran has cautioned the US to e careful following President Trump's threats to strike over Hezbollah support, even as both nations engage in crucial talks in Switzerland to end the Middle East war. Despite hopes for a new era, disagreements persist, with Iran vowing retaliation and Israel reinforcing its presence in southern Lebanon.

Mumbai's BEST bus services are set to resume after a three-day indefinite strike was called off Sunday night. Following crucial talks with Deputy Chief Minister Eknath Shinde, employee unions agreed to end the agitation. An interim pay hike of Rs 3,000 for permanent and Rs 2,000 for wet-lease employees was announced, alongside the acceptance of key demands. Buses are expected back on city roads imminently.

Ancient Indian thinker and strategist Chanakya offered a parenting principle that continues to be discussed centuries later: Pamper a child for the first five years; discipline them tightly for the next ten years; but once they reach their sixteenth year, treat your child as your equal friend. The proverb outlines three stages of parenting, early affection, guided discipline, and mutual respectand reflects Chanakya's practical approach to human development.

Despite Iranian media claims of a walkout, US-Iran talks in Switzerland are continuing. President Trump's threats of further strikes over Hezbollah's actions in Lebanon have complicated discussions. Key issues like the Strait of Hormuz, sanctions, and frozen assets remain central, with the conflict in Lebanon proving a significant hurdle for a potential resolution.

Having scored in the 11th minute, Yamal, at the age of 18 years and 343 days old, registered his maiden FIFA World Cup goal just 14 days younger than Messi's first FIFA WC goal (at 18 years and 357 days old), as per ESPN.

Proverb of the Day: Life's journey requires both direction and comfort, as highlighted by the proverb, 'The light is what guides you home; the warmth is what keeps you there.' Guidance, represented by light, helps us navigate challenges and pursue goals. However, it's the warmth of love, acceptance, and emotional security that truly makes a place feel like home. This balance is crucial for a fulfilling life, fostering growth and a sense of belonging.

Hezbollah chief Naim Qassem on Sunday rejected any Israeli security zone in Lebanon, after Israel's Prime Minister Benjamin Netanyahu vowed his troops would remain in the country's south for as long as necessary. Netanyahu said Sunday that we will remain in the security zone in southern Lebanon for as long as necessary to protect the cherished residents of the north and all the citizens of Israel...

Corporate travel in India is increasingly shifting towards smaller cities, with nearly 60% of bookings now originating from or heading to these locations. Manufacturing hubs in Tier 2 and 3 cities are driving this trend, with executive travel dominating hotel bookings in nearly 200 non-metro areas. This surge is prompting hospitality companies to expand their presence in these emerging business centers.

New draft rules from the Department of Telecom mandate security clearance for satellite communication companies even after spectrum assignment. Companies will receive radiowaves administratively, with fees ranging from Rs 30,000 to Rs 50 lakh per terminal. Crucially, public rollout of satellite phone and broadband services will require central government permission, addressing potential security concerns. These rules aim to streamline processes while ensuring national security.

Proverb of the Day: An ancient proverb from Proverbs 12:4 highlights the profound impact of a spouse on a husband's life. It likens an excellent wife to a crown, bestowing honor and pride, while one who brings shame is akin to bone-rotting decay, causing deep internal suffering. This timeless wisdom underscores the critical role of mutual respect and support in building a stable and fulfilling marriage, a message that resonates powerfully even today.

Ancient Stoic philosopher Zeno of Citium continues to inspire modern discussions on resilience and self-discipline through his timeless teachings. His widely attributed quote, Steel your sensibilities, so that life shall hurt you as little as possible, emphasizes the importance of developing emotional strength and maintaining a balanced mindset in the face of life's challenges. Rather than suppressing emotions, Zeno's philosophy encourages people to cultivate self-control, focus on what they can

Maharashtra has ordered that all government leasehold lands be recorded in revenue records with the state government as the sole occupant, while leaseholders will be listed under Other Rights. The move aims to prevent ownership claims based on revenue entries and reduce disputes over public land.

Proverb of the day: Ancient wisdom highlights true societal greatness stems from selfless contributions to future generations. A Greek proverb emphasizes planting trees whose shade one will never enjoy, symbolizing long-term investments in education, infrastructure, and values. This timeless message urges us to prioritize enduring impact over immediate personal gain, fostering a legacy of progress and well-being for those who follow.

Psychology says fathers who call their children when they are out to know about their well being aren't trying to control every decision. Psychology explains that these calls often come from care, responsibility, emotional attachment, and a desire to ensure safety. This behaviour is linked to parental bonding, attachment, protective instincts, and family relationships. Understanding this behaviour can help children see these calls from a different point of view.

Quote of the Day: Monday's quote from Alexander Graham Bell reminds us that fixating on past setbacks blinds us to new opportunities. In today's rapidly changing world, this wisdom is crucial for navigating career shifts and disruptions. By setting limits on dwelling on loss and actively scanning for fresh possibilities, we can embrace change and foster innovation, turning endings into powerful catalysts for growth and personal development.

The Reserve Bank of India has revamped the Lead Bank Scheme to boost district-level credit planning and financial inclusion. New guidelines, released on June 19, aim to enhance credit flow to priority sectors and improve access to financial services. A three-tier committee structure has been introduced to strengthen coordination between banks and government agencies, with Lead Banks now appointing dedicated managers to oversee scheme implementation across all districts.

Maharashtra Chief Minister Devendra Fadnavis declared Operation Tiger successful, indicating defections from the Shiv Sena (UBT) to the Eknath Shinde-led faction. Deputy CM Shinde affirmed his commitment to completing operations. Fadnavis emphasized Shinde's leadership as carrying forward Balasaheb Thackeray's true ideology, urging Uddhav Thackeray to introspect. He also clarified adjustments to the Ladki Bahin scheme and defended the farm loan waiver's eligibility criteria.

Proverb of the Day: A timeless proverb cautions against those who boast about their virtues and honesty. True character, it suggests, is revealed through consistent actions, especially under pressure, rather than through constant self-praise. This wisdom remains crucial today, urging us to observe behavior over claims, particularly in an era of curated online personas. Trust is earned, not declared, through genuine integrity.