The Economic Times

Seven people were killed, and eight others injured after a missile strike by the United States targeted three locations in Iran's Khuzestan province, according to Iran's state-run IRNA news agency.The deputy head of security and law enforcement for the Khuzestan governorate said the strike left seven martyrs and eight injured, IRNA reported.Also read: 'Tanker for tanker': Inside Trump's new retaliation policy behind US strikes on IranMeanwhile, the internationally unrecognised Houthi-run Foreign

Japanese content creator Hanna documented her three-month solo backpacking journey across India. She highlighted 5 favorite destinations that left a lasting impression on her heart. Varanasi emerged as her top choice, captivating her with its unique energy and street food. Dharamshala offered adventure and introspection through meditation and trekking experiences. Meghalaya, Hampi, and Ellora Caves also provided distinct and memorable travel encounters.

BEML has secured a significant Rs 180.60 crore order from Integral Coach Factory. This order is for the manufacturing and supply of Vande Bharat sleeper trainsets. The contract expands BEML's role in India's growing premium train program. These new sleeper versions are designed for longer journeys and overnight travel. This development marks an evolution for the Vande Bharat platform.

Japans 10-year bond yield crossing 3% and rising US yields are raising concerns over tighter global liquidity, higher inflation and interest rates. Veteran banker Uday Kotak warned that central banks may have to expand their balance sheets, potentially pushing short-term rates higher and making global interest-rate markets more volatile.

US Energy Secretary Chris Wright said oil deals expected to be signed in Caracas could more than double Venezuelas crude production within the next few years. Visiting Venezuela for the second time since Nicolas Maduros capture in January, Wright also said US gasoline prices should decline as refining capacity and regulations improve.

India's automotive sector anticipates robust growth in FY27, driven by two-wheelers and passenger vehicles. August 2026 saw double-digit volume increases across most vehicle categories and manufacturers. Bajaj Auto and TVS Motor reported significant year-on-year volume gains in the two-wheeler segment. Tata Motors and Maruti Suzuki posted strong sales figures for passenger vehicles during the period. Commercial vehicle dispatches also showed a notable increase, indicating a revival in the sector

Ankur Warikoo shared five ways couples can make money management more enjoyable. He suggests reviewing bank expenses together without judgement, identifying unnecessary subscriptions or memberships, celebrating monthly financial wins, and saving towards shared goals. He also recommends doing something different with money every weekend, such as trying a new dessert or restaurant. Warikoos approach focuses on making financial conversations collaborative, positive and engaging rather than turning

Okra is a nutrient-dense vegetable that provides dietary fibre and various plant compounds that can support health. Its soluble fibre plays a role in moderating glucose levels in the blood, while polyphenols offer antioxidant and anti-inflammatory benefits. Although it can be a great addition to a diabetes-friendly diet, celebrity nutritionist Luke Coutinho cautions that it should complement, not replace, professional medical advice when considering dietary changes.

Young people in Latin America are participating in real-world aura battles. These events involve creative dancing and performances for audience recognition. The trend, originating online, has moved offline and gained popularity. Competitions are occurring in various cities across South America and Spain. Some officials have raised concerns, while others embrace the phenomenon.

Chinese President Xi Jinpings Egypt visit is deepening Beijings ties with a key US ally while advancing Chinas bid for greater Middle East influence. The three-day trip highlights expanding economic, diplomatic and strategic cooperation, including Belt and Road projects and Suez Canal access, as regional tensions reshape longstanding geopolitical alignments.

Rescue teams continued searching debris-strewn areas along the Nepal-China border for thousands missing after catastrophic Himalayan floods killed more than 1,000 people. Nepal reported 1,003 deaths and 3,916 missing, while China recorded 16 deaths and 546 missing.

Five Tamil Nadu pilgrims stranded in Nepal after devastating flash floods returned safely to Chennai on Tuesday, with state minister D Sarathkumar receiving them at the airport. The MEA said 163 Indian nationals had been rescued. Nepals death toll reached 1,050, while nearly 3,916 people remained unaccounted for amid continuing rescue operations.

Nepal's prime minister faces his first major test after a glacial collapse disaster. This catastrophe killed over one thousand people and left thousands more missing. Reconstruction costs are estimated to be in the billions of dollars for the nation. The disaster threatens the prime minister's reform agenda and economic development plans. This event also highlights Nepal's environmental fragility and climate change challenges.

CA Nitin Kaushik says your 20s may not be when you have the most money, but they are when you have the most time. He shared that a 25-year-old investing Rs 10,000 monthly for 10 years, assuming a 12% CAGR, could build roughly Rs 23 lakh by 35, potentially growing to Rs 7 crore by 65 if left untouched. Early investing, he says, can eventually create career freedom and more choices.

India struggles to use all its clean power despite high demand. Renewable energy providers curtail output as the grid cannot handle excess generation. Insufficient transmission and storage capacity hinder the integration of clean energy sources. Building new power lines takes longer than renewable energy projects. India needs more batteries and a flexible grid to meet future energy targets.

Mumbai nutritionist Vanshika Arora has shared a healthy sweet potato brownie recipe that promises a gooey, fudgy treat without the usual guilt. Made with nutrient-rich ingredients and zero oil, the brownie packs 72 grams of protein and 3 grams of fibre, offering a nutritious twist to the classic indulgent dessert.

In August, India's GST collections rose by 14.8%, totaling 2 lakh crore. The surge in bulk car sales by 36% indicates robust consumer enthusiasm, while the UPI system hit a record with 24.51 billion processed transactions, pointing to a rise in digital transactions. Additionally, power consumption surged by 12.9%, portraying an ongoing economic recovery following a solid June quarter.

A special five-member NCLT bench stayed Subhash Chandra's repayment plan approval. The tribunal also restrained the Essel Group founder from alienating any asset. This new bench stayed a smaller bench's earlier order which had approved the plan. Dissenting creditors had sought protection against the guarantor's asset alienation. The bench directed that the guarantor shall not alienate properties directly or indirectly.

Sun Pharmaceutical Industries will offer its drugs at prices matching other developed nations. This agreement aims to make healthcare affordable for low-income Americans. Analysts believe the financial impact on Sun Pharma will be minimal. The company's US revenue contribution is significant, reinforcing its growth strategy. This pact recognizes Sun Pharma's investment in the American market.

Having an extremely high paying job can be detrimental for your ambitions. Taking to X, a tech professional based in Bemgaluru explained why and how earning over Rs 2 lakh per month can be 'dangerous' after the initial phase of triumph and excitement. After a few years, earning a monthly salary so high can become dangerous for people as it stifles their ambitions.

Having your parent waste away in front of you can be nothing short of a real-life horror show. However, TV star Ram Kapoor had to endure this trauma when he lost his father to cancer. In a recent emotional interview, the Bade Acche Lagte Hai star admitted that he did his duty of being by his fathers side during his last days and when his father passed way, he was relieved that he was free from pain.

India's economic indicators showed resilience and growth in August. Goods and services tax collections rose 14.8 percent to 2 lakh crore. Bulk car sales surged 36 percent, and UPI transactions reached a new record. Power consumption increased 12.9 percent, signaling economic momentum. These figures reflect healthy consumption and improving compliance across the nation.

Tata Motors has secured all necessary regulatory approvals for its acquisition. The company's subsidiary obtained prior authorisations under the sectoral regulatory framework. Final clearance came from the European Central Bank for financial services businesses. This key hurdle has now been cleared for the tender offer. The proposed acquisition of Iveco Group is valued at 3.8 billion.

Banking system liquidity has reached a four-year high as FCNR(B) inflows entered the market. This excess liquidity has pushed the weighted average call rate significantly below the repo rate. Much of this money is being parked in the RBI's variable rate reverse repo operations. Treasury heads are showing a preference for shorter tenures in these operations. Experts expect liquidity to normalize to a lower level by December.

Indian car sales are expected to exceed five million units this fiscal year. This milestone positions India as the third nation globally to achieve such sales. Sustained demand in urban and rural markets fuels this optimistic sales forecast. Lower vehicle prices and economic expansion also contribute to the positive outlook. Industry leaders anticipate continued growth and potential for further market expansion.

The Income Tax portal now allows taxpayers to report misconduct. A new tab enables complaints against officers for sexual harassment or bribery. This digital channel offers a secure and confidential reporting mechanism. Practitioners emphasize the importance of prompt and protected complaint resolution. The success of this initiative hinges on effective execution and oversight.

Coal India is investing nearly fifty thousand crore rupees in coal gasification projects. The company is also actively seeking overseas critical mineral assets, particularly lithium. Coal India targets nine point five gigawatts of renewable capacity by the year twenty thirty. These initiatives aim to reduce import dependence and capture new growth engines. The state-run miner is establishing a robust coal gasification ecosystem in India.

Petrol and diesel sales saw significant year-on-year increases in August. This growth was fueled by greater mobility and a strengthening economy. Aviation turbine fuel sales also returned to growth, indicating air traffic recovery. However, cooking gas consumption continued its decline despite increased imports. Industry experts attribute this drop to a shift towards piped natural gas.

In a significant development, Fortis Healthcare is assessing a recent decision from the Delhi High Court regarding the Daiichi Sankyo arbitration. The court's order for a forensic audit of earlier transactions poses a notable contingent liability for Fortis. Consequently, the company may explore the option of appealing to the Supreme Court, as this ruling could necessitate direct compensation to Daiichi Sankyo.

Quote of the day by Epicurus (Author of Lettera sulla felicit): Epicurus' ancient wisdom teaches us to appreciate what we have. He advised against spoiling present joys by constantly desiring what we do not have. Modern desires for wealth and status can create endless dissatisfaction. Focusing on what is truly necessary can lead to a more peaceful and fulfilling life. Appreciating the things we once hoped for but now have can also foster gratitude and contentment.

Quote of the day by Beethoven: Ludwig van Beethoven expressed a powerful belief in the importance of individual merit, valuing talent and hard work over noble lineage. His insight remains relevant today, when comparisons with others are increasingly common. By challenging societal expectations, Beethoven forged his own path as an artist and left a lasting legacy that encourages people to recognise and value their unique abilities, contributions and achievements.

The Revolutionary Guard Corps of Iran issued a statement claiming that US military strikes would exacerbate conditions in the Strait of Hormuz. The US has verified its attacks on IRGC targets in Iran after a string of Iranian assaults on vessels and troops. In retaliation, Iran has initiated a military response employing missiles and drones against US interests, leading to an alarming rise in hostilities around this critical maritime route.

India's electric vehicle market witnessed an impressive 51% year-over-year growth in August. Despite this surge, a 12% sequential decline was recorded, attributed to festival-related office holidays. Electric two-wheelers experienced a remarkable 69% annual increase, bolstered by prominent manufacturers such as Bajaj Auto and TVS Motor. Meanwhile, electric car registrations saw a 12% month-on-month decrease from July's record levels, yet industry leaders are optimistic about ongoing strong consu

India's PC market saw a 12.1% growth in the June quarter, reaching 3.9 million units. Enterprises and retailers stocked inventory ahead of expected further price increases. Future enterprise sales are expected to be flat, while consumer sales may slow down. Rising costs could prompt buyers to delay purchases, impacting near-term demand. Pent-up demand is anticipated during the festive season with promotional cycles beginning.

Electronic companies can now import select high-value components temporarily. This move follows industry requests for imports until local production scales up. The government is considering similar measures for smartphone components like displays. Inner-grooved copper tubes and compressors have specific import quotas and deadlines. This policy shift aims to balance local manufacturing growth with supply chain needs.

The government has reduced the sugar dealer stock limit to two thousand quintals. This measure aims to ensure adequate availability and stable prices during the festive season. Hoarding and speculative trading will be further curbed by this new regulation. An exemption has been granted to Kolkata and its extended metropolitan areas. This reduction will facilitate orderly movement of sugar through the supply chain.

India has opened up applications for its remaining raw sugar import quota, allowing eligible millers and refiners to apply for this lucrative duty-free allocation. This follows the initial notice for a million tons, of which over seven hundred thousand have been accounted for. Interested parties have until October thirty-first to seize this opportunity.

Indian banks have lowered interest rates on foreign-currency deposits significantly. This action follows the closure of the Reserve Bank of India's special swap window. Banks offered unusually high rates to attract overseas funds during the ten-week period. This special facility enabled lenders to provide substantially higher returns to depositors. The strong inflows prompted the RBI to advance the closure of this window.

Onion prices at Maharashtra's Lasalgaon market have rebounded after a recent fall. The average wholesale price reached 40 per kg, with retail prices remaining high. Farmers hope to recover losses after two years of subdued prices. Concerns about the kharif crop and stored onion quality are driving prices up. The government claims prices are cooling in other markets due to buffer stock sales.

In India, passenger vehicle sales achieved impressive double-digit growth last month, spurred by automakers ramping up factory dispatches to prepare for rising market demand. Maruti Suzuki celebrated its best sales performance in August, attributing the surge to tax reductions and declining interest rates. Similarly, Tata Motors and Mahindra & Mahindra also enjoyed notable increases in sales volumes, alongside a strong performance in the two-wheeler and commercial vehicle markets.

New Delhi has reduced export duties on petrol, diesel, and aviation fuel. The levy on petrol exports is now 1.15 per litre, a significant decrease. Diesel export duty sees a marginal reduction to 25 per litre. Aviation turbine fuel exports will now face a 19 per litre windfall tax. These revised rates will take effect from September 3, 2026.