The Economic Times

Quote of the day by Plato says, The right question is usually more important than the right answer. The idea focuses on critical thinking, curiosity, inquiry and true understanding. It teaches people to question assumptions, avoid quick conclusions and frame problems with care. Platos philosophy connects this approach with intellectual humility, learning and the search for knowledge beyond simple factual recall.

Psychology says people who are never apologize even if they are at fault aren't always simply rude or careless. Their behaviour can be linked to defensiveness, fear of blame, self-image, difficulty accepting responsibility, or a different view of what happened. Research on apologies shows that admitting wrongdoing can affect relationships, responsibility, trust and conflict. Understanding these reasons can help explain why some people avoid saying sorry.

Proverb of the day by Johann Wolfgang von Goethe offers timeless message remains relevant because every generation faces the same fundamental challenge: how to help people become better without making them feel incapable. Correction can identify the path forward, but encouragement can give someone the strength to walk it. When honesty is combined with compassion, feedback becomes more than criticismit becomes an opportunity for growth.

Chandrashekhar Azad's party revealed its first 45 candidates for the upcoming Uttar Pradesh elections. The candidate list reflects the party's outreach to Bahujan communities and minorities. Eighteen Scheduled Caste and sixteen Other Backward Class candidates were announced. Ten Muslim and one Sikh candidate were also included in the list. Most of these candidates are from western Uttar Pradesh.

More than 1.12 crore names have been deleted from electoral rolls across ten states and Union Territories. Andhra Pradesh and Haryana reported significant deletions, with over 45 lakh and 33.8 lakh names removed respectively. Many more deletions are expected as Karnataka and Telangana publish their draft rolls soon. The Special Intensive Revision exercise covers over 36 crore electors across nineteen states and Union Territories.

The Supreme Court rejected the Uttarakhand government's plea against bail for Abdul Malik. The court expressed serious reservations about using the UAPA in this case. Malik is accused in the February 2024 Haldwani violence incident. The High Court had granted bail, noting his absence from the scene. The Supreme Court upheld the bail, prioritizing personal liberty.

In 1869, an American inventor and businessman created a revolutionary machine to record votes through an electrical system. Thomas Edison received his first patent for the device on June 1, 1869. The vote recorder allowed legislators to cast yes or no votes using switches. Congress did not accept it because faster voting could reduce debate and political discussion.

A court sentenced former AAP councillor Tahir Hussain to life imprisonment. He and four others were convicted for the murder of Ankit Sharma. The judge cited the crime's brutality but found convicts reformable. The prosecution had sought the death penalty for the five men. The court ruled the case did not meet the 'rarest of rare' criteria.

The National Highways Authority of India will award 54 projects in 2026-27. These projects will span 2,442 kilometers and cost 1,80,017 crore. This is a reduction from the 124 projects planned for 2025-26. Uttar Pradesh leads with seven projects, followed by other states. Several states including Telangana, Madhya Pradesh, and Maharashtra will receive six projects each.

The Centre's fiscal deficit reached 18.2% of the full-year target in the first quarter. Higher spending was offset by stronger net tax collections, analysts noted. Revenue expenditure rose over 7% year-on-year, driven by increased April spending. Capital expenditure remained strong, increasing 24% year-on-year during the quarter. This data suggests the government will likely meet its fiscal deficit target.

The Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana with a significant outlay. This scheme aims to develop 5,000 MW of floating solar projects with energy storage. Projects will be sanctioned from FY27 to FY31, with financial support extending to FY33. It will utilize existing water bodies, eliminating land competition and strengthening grid reliability. Central aid of 1 crore per MW will be provided for eligible projects after commissioning.

The Union Cabinet approved a five-year extension for the PM-KISAN scheme. This extension will continue direct cash transfers to eligible farmer families through FY31. The government committed 3.15 lakh crore for this significant initiative. This financial support aims to boost agricultural productivity and rural economic growth. The scheme has already disbursed over 4.47 lakh crore since its launch.

The Cabinet approved an 84,084-crore scheme for offshore oil and gas exploration. This National Offshore Exploration Scheme, Samudra Manthan, will run until 2030-31. It aims to boost domestic oil and gas production and reserve accretion. The government will fund half the cost of deepwater exploratory drilling. This initiative seeks to de-risk exploration for companies and increase production.

Quote of the day by Friedrich Nietzsche: Friedrich Nietzsche's thought-provoking quote explores why many people instinctively choose the easiest way out instead of engaging in difficult thinking. Rooted in his ideas on conformity and independent thought, the quote offers timeless insights into human behaviour, the dangers of intellectual complacency, and why critical thinking matters more than ever in today's fast-paced world.

Quote of the day by Leonardo DiCaprio: Leonardo DiCaprio highlights awareness as essential for tackling environmental issues. He believes understanding problems precedes effective solutions and informed choices. This message underscores that individual actions, when collective, significantly impact planetary protection.

Displaced people from across the Line of Control protested in Jammu on Friday. They demanded the liberation of Pakistan Occupied Kashmir and its integration with India. The protest was organized by SOS International, advocating for displaced PoK residents. Chairman Rajiv Chuni urged the Indian government to take steps for PoK's freedom. Demonstrators raised slogans against Pakistan and its military leadership during the event.

Banking credit to industry saw a robust 19% year-on-year increase. Personal loan growth also remained strong, expanding 16% compared to last year. Loans against gold jewellery surged by 93%, leading personal loan segment growth. Vehicle loans followed with a 17% expansion, while credit card growth decelerated. Education loans maintained strong growth at 13% year-on-year.

Punjab National Bank is set to secure a substantial one billion dollars through a five-year loan arrangement. This initiative is being coordinated with international financiers to enhance participation. The loan will be eligible for the Reserve Bank of India's special swap facility. Indian banks are eager to tap into dollar funds to capitalize on overseas client deposits, targeting potential leveraged investors in the forex-deposit program.

An unidentified gunman killed one non-local labourer and injured another in Kulgam. The targeted attack occurred Friday evening in Kelam village, southern Kashmir. Both labourers were from Chhattisgarh and worked at a local brick kiln. One labourer was declared dead upon arrival at the hospital. Security forces have cordoned the area and launched a search operation.

The UAE is poised to spearhead India's special FCNR(B) deposit scheme, with enticing dollar rates and beneficial tax incentives attracting considerable client interest. Bank officials project that more than ten billion dollars have already been sourced from the UAE. Although operational limitations for bank representatives create hurdles, the robust Indian expatriate community plays a vital role in enhancing contributions to this initiative.

Tata Steel executives emphasize value-added products over mere production capacity. Changing market dynamics necessitate a focus on downstream opportunities for greater value. Expensive iron ore impacts cost structures, shifting strategic priorities for steel companies. Export markets are becoming more challenging due to protectionist policies and competition. The company is phasing growth and investing in value-added segments to capture market premiums.

In an order pronounced on Thursday, special judge Sanjeev Kumar Malhotra directed that the Wadhawan brothers face charges under various sections of the IPC, relating to criminal conspiracy, cheating, forgery and falsification of accounts.

YouTube is introducing new AI tools and improved content discovery for viewers. Creators will benefit from enhanced features and expanded monetization options. The platform is also expanding shopping capabilities to more countries. New updates will integrate YouTube Music with Google's AI search experience. Further enhancements for TV viewers and supervised kid accounts are also planned.

Apple achieved record revenue in India during the June quarter. Mac computers recorded their best-ever sales in the country for the company. Global Mac revenue rose significantly, showing strong worldwide performance. The company saw growth across emerging markets, including India. New and upgrading customers contributed to this impressive Mac performance.

TPG Capital and Permira are leading contenders for a significant minority stake in Cloudnine. The deal is expected to value India's largest maternity and pediatric hospital chain at approximately 11,000 crore. Binding bids are anticipated by mid-August after due diligence is complete. This transaction will facilitate True North's full exit after over a decade of investment. Cloudnine posted 2,000 crore revenue and 300 crore Ebitda in FY26.

An Italian proverb emphasizes doing things yourself for better results. This timeless saying reflects a mindset valuing initiative and personal accountability. Self-reliance is a valuable trait in today's fast-paced and goal-oriented world. Taking initiative builds confidence and sharpens skills through direct involvement. Balancing independence with teamwork is key to achieving overall success.

Spain reported reversing a large migrant influx into its Ceuta enclave. Most of the over fifty thousand people have already returned voluntarily to Morocco. Moroccan forces used batons and tear gas to manage crowds at the border gates. The incident caused division in Europe, with Italy suspending Schengen arrangements with Spain. Spanish authorities are speeding up the repatriation of those who entered illegally.

HUDCO anticipates significant business growth from developing new cities nationwide. Investment in each new city and satellite township could exceed one lakh crore. Projects include Amaravati and urban expansion around Shillong. HUDCO will offer financing, technical expertise, and advisory services. These initiatives are planned across Uttar Pradesh, Rajasthan, and other states.

This is because zero-interest payment plans cost smartphone brands 17-19% of the product price which they bake directly into the retail price of the phones, thereby artificially inflating prices, the All India Mobile Retailers Association (AIMRA) said in letters written to Samsung, Vivo, Apple, Xiaomi, Oppo and Realme.

A Reddit post has gone viral after a man working abroad revealed that his parents want him to contribute another Rs 15-20 lakh towards buying an apartment for his elder brother, despite already giving Rs 19 lakh for his brother's wedding and supporting the family financially for years. The post sparked a debate online, with many Reddit users urging him to set financial boundaries and prioritise his own future.

Jeff Bezos, Amazon founder, has a strict rule regarding work, which he adheres to. This not only enables him to have the perfect work-life balance, but also spend quality time with his family and make great business decisions.

Many people blame the job market for missing out on their dream career, but neuroscientist Emily McDonald says the biggest obstacle could be the brain itself. She explains how the brain's default mode network, fear of success and self-identity can hold people back, and why changing the way you see yourself may help you move closer to your career goals.

Japan is launching a new National Intelligence Bureau to centralize its intelligence gathering. This significant reform addresses growing security threats from China, Russia, and North Korea. The bureau will coordinate information from various government agencies for better analysis. Japan also considers stronger counterespionage laws and a potential foreign intelligence service. These changes reflect a broader shift in Japan's postwar security posture.

3D printer that builds a house in 24 hours: Researchers developed a giant 3D concrete printer for rapid house construction. This technology, Contour Crafting, builds homes layer by layer using a robotic nozzle. It automates construction, reducing time and material waste significantly. The system also embeds conduits for utilities during the building process.

Netflix faces a lawsuit seeking over one hundred million dollars. Producers claim an unreleased Nicolas Cage film was stolen from Netflix offices. They allege the streaming giant failed to protect the movie's digital copy. Netflix denies responsibility and accuses filmmakers of extortion. The theft reportedly damaged the film's commercial distribution value.

A young yellow-crowned night heron was discovered alone on a Long Island playground. Animal rescuer Karenlynn Stracher moved the bird to a safer, shaded area. The bird was then able to reach a grassy spot with more cover. Later, the heron successfully reunited with its parents and flew away. This simple rescue brought happiness to the dedicated animal rescuer.

The consignment of fresh farmed Scottish salmon, produced by Bakkafrost and imported by Bengaluru-based Sashimi Foods Private Limited, reached India barely two weeks after the agreement became operational.

Prime Minister Narendra Modi shared a video message urging society to guide young protesters. He expressed a personal wish to forgive them for using abusive language. The prime minister stated that youth is a time for learning and self-correction. He appealed for compassion and guidance instead of punishment for these individuals. Modi emphasized that these young people are part of the nation's family.

Quote of the Day by Shakira: Shakiras quote, In this life, to earn your place you have to fight for it, explores the importance of determination, perseverance, and self-belief in achieving success. The quote suggests that meaningful achievements require dedication, hard work, and the courage to overcome challenges rather than waiting for opportunities to come easily. It highlights that earning ones place in life is a journey of continuous effort, resilience, and personal growth.

Cocktail 2, starring Shahid Kapoor, Kriti Sanon and Rashmika Mandanna, is expected to make its OTT debut on Netflix after its theatrical run. While the makers have not officially confirmed the streaming release, reports suggest the romantic drama could arrive in August 2026. Here's everything we know so far about its OTT release, cast, plot and box office performance.

Security forces recovered a suspected drone near the Line of Control in Jammu's Akhnoor sector. The drone, believed to be from Pakistan, was found in the Chakla hamlet area. Following this discovery, security forces immediately initiated a comprehensive search operation across the region. Initial investigations revealed that the recovered drone bears 'Made in China' markings. This incident highlights ongoing security concerns along the border.

Air Marshal A K Bharti retired from the Indian Air Force after a distinguished career. He served as Director General Air Operations during Operation Sindoor last year. Air Marshal Bharti paid homage to fallen heroes at the National War Memorial. He was part of tri-service media briefings for Operation Sindoor. The operation involved airstrikes on terror infrastructure in Pakistan and Pakistan-occupied Kashmir.

Vedanta Aluminium Metal reported a threefold profit increase in the June quarter. The company announced an interim dividend of Rs 8 per share for shareholders. Consolidated revenue climbed 45% to an all-time high of Rs 21,105 crore. Earnings before interest, tax, depreciation, and amortisation more than doubled to Rs 10,499 crore. Aluminium production reached an all-time high of 632,000 tonnes last quarter.

India's Commerce Secretary highlighted sustainability regulations in global trade. He stressed creating an ecosystem for industry to adopt sustainable practices. Discussions covered India's carbon market and producer responsibility frameworks. Early adaptation will strengthen India's global competitiveness and trade position. This workshop aimed to enhance India's strategic approach to trade and sustainable development.