The Economic Times

India's economy shows robust growth in Q1 FY27, with GST collections soaring 13.9% to Rs 1.95 lakh crore in June. Car sales surged 24%, and power consumption rose 11.6%. Despite a dip in manufacturing PMI, strong import revenues and UPI transactions highlight economic resilience. Experts anticipate continued momentum, with potential for monthly GST collections to reach Rs 2 lakh crore.

Insolvency petition filed this week, A&M appointed as liquidator of B2B commerce company. Ten year old co has seen valuations crash 70% as financials come under pressure.

US stock market today July 1: US markets experienced a mixed trading day as the Dow Jones briefly hit a new intraday record before retreating. Profit-taking in semiconductor stocks led to a decline in the Nasdaq. This comes after a strong first half for US equities, with investors continuing a 'Great Rotation' from tech into traditional Dow companies.

Sylvia Plath quote today: Sylvia Plath's words highlight that freedom's true value lies not in its mere existence, but in our capacity to wield it wisely. She emphasized that purpose, understanding, and responsible action are crucial for freedom to be meaningful and lead to fulfillment.

Quote of the day by Ralph Waldo Emerson: American philosopher Ralph Waldo Emerson believed true beauty isn't found in new places but within our own perspective. He argued that our ability to appreciate the world hinges on our inner outlook, not just external experiences.

Psychology says people who like to go on trips with the whole big joint family aren't always seeking isolation or independence. Psychology suggests this habit may reflect the need for connection, shared experiences, family support, and social bonding. Traveling together often strengthens relationships, creates memories, improves communication, and builds trust. While every person is different, many psychological theories explain why some people enjoy spending holidays with large family groups.

Quote of the day by Gerard Butler: Scottish actor Gerard Butler emphasizes that true impact in any field stems from authenticity and a strong point of view, not from seeking universal approval. He advises against diluting ideas to please everyone, advocating instead for courage, quality, and a unique perspective.

Frank Sinatra's iconic My Way offers a timeless philosophy of living authentically, embracing mistakes, and owning one's journey. Despite a tumultuous career marked by success and setbacks, Sinatra exemplified this spirit, inspiring generations to prioritize personal values over external pressures. His life story underscores that true fulfillment comes from courageously navigating life's challenges and remaining true to oneself, rather than seeking perfection or universal approval.

While the USA remains the primary millionaire factory, India outpaced many developed markets in growth. Indias wealth is rooted in real assets rather than financial assets, and owes less debt. The country also cemented its position as a top-tier hub for millionaires: it now has as many of them as Switzerland.

Public sector banks are boosting term deposit rates to reclaim lost market share, a move that contrasts with private banks lowering theirs. Facing a decade of decline, PSBs are prioritizing liabilities to compete, especially as credit growth outpaces deposit mobilization. This strategic shift aims to regain ground, even if it impacts short-term profits, highlighting a competitive necessity in the current banking landscape.

African proverb of the day: African saying highlights the power of collective action. A single stick may flicker, but it's a group that truly ignites a lasting fire. This proverb underscores that while individual effort initiates progress, enduring success in business, community building, and problem-solving hinges on cooperation.

Corporate sector borrowing from banks is accelerating past individual loans, driven by companies seeking cost savings as corporate bond yields climb. Recent RBI rate cuts have made bank loans more appealing. Analysts anticipate this trend to continue, supported by improved liquidity, though a shift back to debt markets is possible. Small businesses are seeing particularly strong bank credit growth.

Finance Minister Nirmala Sitharaman embarks on a crucial visit to France to strengthen economic ties and highlight India's investment potential amidst global uncertainties. She will co-chair the India-France Economic & Financial Dialogue and engage with global CEOs, showcasing India's strong economic fundamentals and growth prospects. Sitharaman will also address a key European forum on fostering a new middle class, underscoring India's commitment to global economic discourse.

The Ministry of New and Renewable Energy is pushing for a distinct deviation settlement mechanism for wind and solar projects, arguing they shouldn't face the same penalties as conventional power plants. Renewable energy's weather-dependent nature necessitates a tailored approach, the ministry stated, to avoid increasing financial risks and impacting project viability. They advocate for a graded system considering forecasting and grid readiness.

The government has boosted rural employment wages by over 10% with the new Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission-Gramin, replacing MGNREGA from July 1. Daily wages now start at 300, with an average of 327.4, and the annual employment guarantee is extended to 125 days. States with historically lower rates will see significant increases, though some critics deem the hike insufficient.

Psychology says people who raise a dog along with their new-born child aren't always taking on an extra burden. Research suggests that living with a family dog during a baby's first year may support emotional well-being, reduce stress, encourage physical activity, and help children develop social and emotional skills. Psychology also explains why healthy relationships between children and pets can benefit both parents and young children over time.

JSW Infrastructure has successfully raised 7,503 crore through a unique Qualified Institutions Placement, combining a primary issuance and a promoter's offer-for-sale. This significant capital infusion will fuel the company's ambitious 39,000 crore expansion plans, meet public shareholding norms, and expand its investor base.

India is closely monitoring Bangladesh's political landscape as the Awami League faces increasing pressure. A recent tribunal verdict sentenced Hasanul Haque Inu, a close associate of former Prime Minister Sheikh Hasina, to a decade in prison for crimes against humanity related to 2024 street protests. Inu, a long-time advocate for secularism and strong India ties, played a significant role in Bangladesh's liberation.

Japanese Proverb of the Day highlights the meaning of One who smiles rather than rages is always the stronger. The saying reflects how emotional strength is often shaped by self-control, patience, and inner composure rather than outward expressions of anger or aggression. It suggests that true strength is not measured by how intensely a person reacts, but by how calmly they are able to respond in challenging situations.

Digitizing international trade documents is crucial for easier global commerce and wider business access, according to ICC chairperson Harsh Pati Singhania. He highlighted that 80-90% of trade paperwork remains paper-based, hindering interoperability and increasing costs. The ICC's Digital Standards Initiative has already digitized 21 key documents, with more underway, aiming to boost trade relevance for emerging economies and smaller businesses.

Indian Institutes of Management are witnessing a significant surge in female enrollment for their flagship MBA programs, with several top IIMs reporting their highest-ever percentage of women. This success is attributed to sustained efforts to enhance classroom diversity, moving beyond just entrance exam scores.

A significant moment for Indian diplomacy unfolded as Ambassador DB Venkatesh Varma became the first Indian diplomat to chair the UN Secretary-General's Advisory Board on Disarmament Matters. The board convened in New York, with Varma, a seasoned expert on disarmament and Russia, leading discussions. This leadership role highlights India's growing influence in global security dialogues, particularly relevant amidst ongoing international conflicts.

To respond effectively to the evolving security environment, we must take forward the modernisation of the Army with renewed energy and firm resolve. Our aim is to build a technology-enabled, future-ready Army which is fully empowered and capable of operating across multiple domains, the Army chief said.

The number of companies incorporated increased to 19,375 in June from 16,654 a year earlier, according to the latest corporate affairs ministry data. Incorporations had fallen 8.6% in April before rising 5.5% in May.

The HSBC Purchasing Managers Index (PMI) compiled by S&P Global fell to 54.2 in June from 55 in May. It stood at 58.4 in June 2025.

Telangana is gearing up to elevate Hyderabad's pharmaceutical standing beyond manufacturing. The state is fostering an integrated ecosystem for drug discovery and development, bringing together industry, research, startups, and investors. This strategic move aims to position Telangana as a hub for next-generation therapies, leveraging its existing strength as a global vaccine production leader.

Indian exporters, particularly in the chemicals, textiles, and handicrafts sectors, are experiencing a notable increase in inquiries from US buyers as the July 24 deadline for 10% tariffs approaches. Despite this positive trend, the lack of firm orders is attributed to uncertainties in US trade policies and the looming possibility of Section 301 tariffs.

Zee Entertainment's board has greenlit a significant fundraising move, approving the issuance of warrants worth up to 3,143.5 crore to a promoter group entity, Sunbright Mauritius Investments. This strategic move, pending shareholder and regulatory nods, could substantially boost the promoter group's stake to nearly 24%. The warrants, priced at 126 each, require an upfront payment of 25%, with the balance due upon conversion within 18 months.

Meta CEO Mark Zuckerberg believes artificial intelligence won't necessarily lead to mass job losses. He has argued that companies can choose to use AI to empower employees and boost productivity, rather than simply automate tasks and reduce headcount. This perspective comes as Meta itself undergoes significant layoffs while heavily investing in AI development, aiming to enhance human capabilities.

Chinese proverb of the day: A Chinese saying highlights the essence of genuine generosity and gratitude. This proverb emphasizes that true kindness is offered without expectation of return, while appreciating the support we receive strengthens relationships and fosters humility.

Electric vehicle sales are accelerating, with e-cars more than doubling registrations in June and the June quarter seeing an 89% surge. This growth is fueled by more model choices, better charging, and rising fuel costs. E-two-wheelers also saw a significant 62% jump, indicating a strong shift towards cleaner mobility across the country.

A high-level committee on demographic changes will soon visit states and Union Territories to gather firsthand details on population shifts, particularly those stemming from illegal immigration. Informing Union Home Minister Amit Shah, the panel revealed a detailed questionnaire is ready for states. The committee, tasked by Prime Minister Modi, aims to analyze causes and propose policy solutions to address these demographic transformations.

France is proving to be an overwhelming favorite at the World Cup, showcasing incredible creativity and ruthlessness. With a dominant performance, they've hammered 13 goals while conceding just two. Led by the electrifying Kylian Mbapp and a talented Fab Four, the team is mesmerizing fans and drawing comparisons to footballing legends.

India's carbonated soft drinks market is intensifying as ITC launches a premium sugar-free Coconut Cola, aiming to compete with global giants Coca-Cola and PepsiCo. This move follows Reliance Industries' aggressive pricing strategy with its revived Campa brand. ITC plans to expand its beverage offerings, focusing on the premium, health-conscious segment, which is experiencing rapid growth due to increasing consumer preference for low- and no-sugar options.

The Gujarat High Court has ruled that a Hindu marriage requires the performance of essential rites and rituals, not just registration. A division bench declared a marriage null and void, emphasizing that a certificate alone is insufficient if ceremonies like Saptapadi were not conducted. The court cited Hindu law and the Rig Veda to underscore the significance of these traditional practices for a valid union.

Even tough times eventually pass, offering hope and new beginnings, much like a rainbow after a storm. Music icon Mariah Carey's timeless message encourages resilience and optimism during life's challenges. Her powerful words remind us that with patience and a conscious effort to look for the positive, brighter days are always ahead, a sentiment that resonates across generations facing personal crises.

Boxing legend Muhammad Ali's powerful Don't Quit quote underscores that true greatness demands discipline and sacrifice over comfort. He taught that enduring temporary pain for a larger purpose forges lifelong achievement and a champion's mindset. Ali's philosophy, extending beyond the ring, highlights how perseverance, resilience, and self-belief are crucial for meaningful success, urging us to embrace challenges for enduring rewards.

The move follows concerns raised by banks, citing cases where such promoters continue to hold directorships elsewhere. Existing laws do not specifically prohibit such appointments, said people familiar with the matter.

India's booming single malt whisky market faces a significant challenge: time. Demand has surged dramatically, outpacing production capabilities due to the years required for maturation. Distilleries are struggling to meet orders, with even increased capacity needing years to yield sellable stock. This situation mirrors past global whisky booms, highlighting the long-term nature of whisky production.

Tamil Nadu has approached the Supreme Court, challenging a Madras High Court order that prohibited cow and calf slaughter entirely. The state argues the high court's blanket ban goes beyond existing laws, which only regulate animal slaughter, not prohibit it. The government contends the original plea sought only adherence to regulations and slaughter at authorized sites, not a complete prohibition.

The two countries have identified semiconductors, critical minerals, pharmaceuticals, clean energy, and information and communication technology as priority areas for strategic collaboration. The summit is expected to advance cooperation as New Delhi and Tokyo seek to diversify supply chains, according to people familiar with the matter.

Big names in flexible workspaces are charging over 19% more than smaller, independent operators, a trend expected to grow. Corporates are increasingly favouring national brands for their predictable, standardised services and pan-India presence. Hyderabad is leading the charge in seat growth, signaling a surge in demand from growing businesses across Indian office markets.

Mankind Pharma has partnered with Denovo Sciences to accelerate drug discovery using artificial intelligence. This collaboration aims to significantly cut down early research timelines, enhance the quality of potential drug candidates, and ensure only the most promising ones advance. By combining Mankind Pharma's R&D prowess with Denovo's AI platform, the companies expect to bring effective and accessible treatments to patients faster, marking a significant step in innovation-driven research.

Psychology says people who live in recreational vehicles or motorhomes aren't simply escaping responsibilities. Research and psychological theories suggest this lifestyle can reflect a search for freedom, autonomy, flexibility, meaningful experiences, and personal satisfaction. Living on the move may help some people reduce stress, focus on priorities, and build stronger connections with nature and communities. The behavior also highlights changing ideas about success, happiness, and modern livi

Thomas Edison's famous quote on failure and perseverance continues to inspire people by encouraging them to view setbacks as learning experiences rather than defeats. Here's a look at the meaning behind the widely shared quote, its historical origins, and how Edison's remarkable life and inventions reflected the philosophy of persistence that helped shape the modern world.

Afghanistan's Jurm region was shaken by a magnitude 5.5 earthquake on Wednesday, according to the USGS. The tremor occurred at a significant depth of over 216 km, with no immediate reports of damage or injuries. This follows a powerful magnitude 6 quake in the Hindu Kush region just days prior, which was felt across Afghanistan and into Pakistan, highlighting the area's seismic activity.