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Global Business News

The Economic Times

Global Business / The Economic Times

Psychology says people who save special items for the future are not being practical: Why the brain delays joy, waiting for the perfect moment

Psychology suggests that adults who hold on to special items are rarely acting irrationally. More often, they are trying to preserve something meaningful, such as security, comfort, possibility or hope. The challenge is that the brain can sometimes overlook an important reality: many treasured things are meant to be enjoyed and experienced, not saved indefinitely.

16 Jun 2026 11:57 pm
CAG asks states to disclose off-budget borrowings in A/Cs

India's Comptroller and Auditor General, K Sanjay Murthy, urged state governments to fully disclose their off-budget borrowings. He highlighted that these liabilities have reached 90.51 lakh crore. States are advised to reduce these debts over time. Accurate reporting is crucial for understanding the true scale of state finances and ensuring fiscal transparency. This will aid informed decision-making by policymakers.

16 Jun 2026 11:55 pm
He shot a wolf for fun. Then something in its dying eyes turned a hunter into America's greatest conservationist

As the animal lay dying, Aldo Leopold looked into its eyes and saw what he later described as a fierce green fire fading away. In that moment, something changed. The young hunter who believed that fewer wolves meant more deerand better huntingbegan to realize that neither the wolf nor the mountain agreed with such simple thinking.

16 Jun 2026 11:00 pm
UP extends summer vacation for schools amid heatwave conditions: Check reopening date and other details

Uttar Pradesh schools affiliated with the Basic Education Council and recognized institutions have extended summer vacations until June 24 due to severe heatwave conditions. Regular classes will now commence on June 25, with staff reporting earlier for preparations. This move prioritizes student safety and aims for academic calendar uniformity.

16 Jun 2026 10:56 pm
Business quote of the day by Google CEO Sundar Pichai: As a leader, it is important to not just see your own success, but focus on the success of others What business owners can learn from Sundar Pichai's mindset

Google CEO Sundar Pichai emphasizes that leaders must focus on others' success. True leadership means helping teams grow and reach their potential. This approach builds stronger organizations and fosters loyalty. Business owners should create opportunities for employees and partners. This collaborative mindset drives long-term success. The most respected leaders inspire and mentor others.

16 Jun 2026 10:51 pm
French proverb of the day: 'In love, there is always one who suffers and one who gets...' - thought-provoking life lessons on love, attachment, relationship struggles, emotional awareness and why one partner has stronger feeling than the other

French proverb of the day: A French saying reveals a truth about love. It states that in romance, one person often suffers while the other is bored. This reflects the reality of emotional differences in relationships. The saying encourages partners to be aware of these imbalances. It stresses the importance of communication and mutual effort for a strong connection.

16 Jun 2026 10:50 pm
'Wait till US discovers it': Spain's Billarda goes viral; Indians say it's a 2,000-year-old game called gilli danda

A Spanish game called Billarda has gone viral on Indian social media. Many Indians recognize it as their ancient game, gilli danda. Videos show players flicking a small stick with a larger one towards a target. This has brought back childhood memories for many. Gilli danda is believed to be over 2,000 years old.

16 Jun 2026 10:48 pm
The US is using an Iranian smuggling tactic to sneak oil out of the Gulf

The US military is secretly guiding oil tankers through the Gulf of Oman. This operation uses drones and helicopters to facilitate ship-to-ship transfers. The goal is to keep energy exports flowing despite regional tensions. At least 116 ships have been involved since May. This method mirrors tactics used by Iran to bypass sanctions. The transfers occur near Fujairah and Sohar.

16 Jun 2026 10:47 pm
Quote of the Day by Morgan Housel: 'Spending money to show people how much money you have...'- The Psychology of Money author's classic money lesson on why looking rich can be the fastest way to lose wealth

Morgan Housel, a renowned financial writer, shares a powerful money lesson. He explains that spending to impress others is the quickest route to financial decline. True wealth is built by saving and making wise choices, not by displaying possessions. Housel's insights from 'The Psychology of Money' highlight the difference between appearing rich and actually being financially secure.

16 Jun 2026 10:33 pm
India launches UPI at department store in France

India's digital payment system, UPI, has expanded its global reach with a launch at Galeries Lafayette in Nice, France. This move strengthens economic and technological ties between India and France. Following its introduction at the Eiffel Tower earlier this year, UPI is now available in nine countries. This allows Indian travelers to make easy payments abroad using familiar platforms.

16 Jun 2026 10:22 pm
G7 Summit: PM Modi meets Canadian counterpart, discusses ways to build stronger partnership

During a significant summit in France, Prime Minister Narendra Modi engaged in crucial discussions with Canadian Prime Minister Mark Carney. They focused on fortifying their nations' relationship through avenues like commerce, renewable energy, and educational partnerships.

16 Jun 2026 10:16 pm
Forget the internet, there's a hidden superhighway under your feet, and it's almost a billion Sun trips long

Forget the internet, there's a hidden superhighway under your feet, and it's almost a billion Sun trips long and scientists have now mapped this underground fungal network for the first time. The study shows that these fungal networks stretch about 110 quadrillion kilometers across Earth. They help plants obtain nutrients and water, move around 4 billion tons of carbon dioxide into soils each year, and support ecosystems. Researchers say the findings could help conservation efforts, climate plan

16 Jun 2026 9:55 pm
She didn't follow a strict diet, join a gym or use protein supplements. But her before-and-after photos left her stunned

A young woman achieved significant weight loss without gyms or crash diets. She focused on walking 10,000 steps daily and eating home-cooked vegetarian meals. This approach led to a 5 kg loss in just a few months. Her journey highlights the power of consistent, simple lifestyle changes for effective weight management.

16 Jun 2026 9:51 pm
Spanish proverb of the day: There is no evil from which... - Turn pain into purpose: Timeless wisdom and valuable life lessons hidden within every challenge you face and overcome

Spanish proverb of the day: It reminds us that difficult moments often carry unexpected value. Challenges teach perspective. Failure reveals opportunity. Hardship builds resilience. Life lessons emerge through experience. Personal growth begins when we stop resisting change and start discovering the wisdom hidden within every obstacle.

16 Jun 2026 9:50 pm
School assembly news headlines for June 17: Top national, international, business, sports update and thought of the day

Today's school assembly news covers significant national developments including new prescription mandates for medicinal syrups and ISRO's upcoming PSLV launch. Internationally, a potential US-Iran agreement and G7 cooperation on China are highlighted, alongside a B-52 bomber crash. In sports, Vaibhav Sooryavanshi's on-field incident and Smriti Mandhana's inclusion in TIME's list are noted.

16 Jun 2026 9:45 pm
World should move from donor-recipient to partnerships based on solidarity and equality: PM Modi to G7 leaders

Speaking at the Outreach Session on 'Forging new Partnerships and rebuilding international solidarity here, Modi also underscored the importance of rust in building international partnerships, especially in an increasingly interconnected world.

16 Jun 2026 9:42 pm
US-Iran deal allows Tehran to immediately sell oil: Report

America will permit Iran to start selling oil and fuel immediately. This follows a memorandum of understanding to end a war. Sanctions on Iranian oil sales will be waived. This waiver also includes banking, transportation, and insurance services. These provisions take effect once the agreement is signed this week.

16 Jun 2026 9:38 pm
India's first digital repository of space-sector capabilities launched at ISC

The platform brings together more than 200 verified space and defence companies across nearly 20 domains and over 120 sub-domains. It aims to create a single, trusted platform for capability discovery, collaboration and business development across the Indian space ecosystem.

16 Jun 2026 9:37 pm
Chinese proverb of the day: 'If You Give a Man a Fish, You Feed Him for a Day. But If You Give Him a Fishing Rod, You Feed Him for a Lifetime' teaches why education, skill development matter

Chinese proverb offers enduring wisdom about education, empowerment, and self-reliance. While temporary assistance is sometimes necessary, lasting change comes from equipping people with the skills and opportunities they need to succeed independently. The proverb highlights the transformative power of knowledge and the importance of investing in human potential. By teaching, mentoring, and empowering others, we create stronger individuals, healthier communities, and a more prosperous world. Ulti

16 Jun 2026 9:27 pm
Psychology says people who save shopping bags inside other shopping bags are responding to an ancient survival instinct

At its heart, this habit is rarely about the bags themselves. It is more about psychological efficiency. The brain naturally seeks to reduce uncertainty, prevent waste and prepare for future needs. A larger bag filled with smaller ones may seem trivial, but from a psychological perspective, it often symbolizes a much deeper desire for security, readiness and control.

16 Jun 2026 8:51 pm
Cant even take a Monday off: Employees one-week vacation request denied despite 5 years at job

A finance analyst's vacation request was denied by their manager and he is not even allowed to take one Monday off, according to a Reddit post. The employee is the only analyst in their team and leads critical presentations and the situation has sparked debate on workplace boundaries and PTO policies. Many suggested the employee seek new employment or follow formal HR procedures.

16 Jun 2026 8:46 pm
Life lesson of the day by Niccol Machiavelli: 'Never attempt to win by force what can be won by...' - inspiring quote on solving problems, decision-making and how strategic thinking can help you achieve your goals by Italian Renaissance diplomat and The Prince writer

Life lesson of the day by Niccol Machiavelli: Niccol Machiavelli advises that success often stems from strategic thinking and understanding situations, rather than brute force. He suggests that a calculated approach, involving careful planning and adaptation, can achieve better outcomes than direct confrontation.

16 Jun 2026 8:34 pm
Assam: Defence ministry to acquire 333.662 acres for Artillery Brigade location plan

The Ministry of Defence will acquire land in Assam's Udalguri district to establish units of an Artillery Brigade. The expansion is linked to the 21 Mountain Division stationed in the region.

16 Jun 2026 8:33 pm
Arunachal rolls out major deregulation drive to boost investment

Arunachal Pradesh has significantly eased business regulations. The state has streamlined processes across 51 areas, including land, environment, and labour. Reforms include self-certification, digital platforms for approvals, and simplified utility connections. These measures aim to attract investment by creating a transparent and efficient business ecosystem. The government is committed to fostering growth while respecting the state's heritage.

16 Jun 2026 8:28 pm
Quote of the Day by all-time best-known American film critic Roger Ebert: 'Life always has an unhappy ending, but...'- A powerful life lesson on why happiness matters more than finding perfect meaning by the first person to receive a Pulitzer Prize for film criticism

Roger Ebert, the renowned film critic, offered a powerful life lesson. He suggested that life's journey, filled with joy and simple pleasures, holds more value than an unending quest for profound meaning. Ebert's perspective encourages appreciating present moments. His own life, marked by challenges, exemplified finding happiness amidst struggles. This wisdom resonates for everyone living their own story.

16 Jun 2026 8:03 pm
Bharat Forge arm, Paramount unveil next-generation Simha 4x4 armoured vehicle: What are its key features?

Kalyani Strategic Systems Limited and Paramount have unveiled the Simha 4x4, a new light armoured multi-purpose vehicle designed for global markets. This adaptable platform offers advanced mobility, protection, and modularity, catering to diverse military needs from reconnaissance to troop transport. The vehicle emphasizes local industrialization and sovereign production capabilities for partner nations.

16 Jun 2026 7:40 pm
They flew night-fighter planes into the heart of thunderstorms. Somehow, no one died, and made flying safe for all of us

The Thunderstorm Project changed the story of air travel forever. Scientists and combat pilots entered deadly storms to uncover hidden weather patterns. Their research revealed how turbulence, lightning, and storm cycles worked. This breakthrough created better weather forecasting, stronger aviation safety rules, and a future where millions could fly with greater confidence.

16 Jun 2026 7:40 pm
India Inc's sales growth gathers pace in March quarter, led by autos and metals: RBI data

Manufacturing companies saw sales jump 14.5 percent in the fourth quarter of 2025-26. Automobiles, electrical machinery, and non-ferrous metals led this growth. Overall, listed private non-financial companies achieved double-digit sales growth. Raw material expenses increased, indicating input cost pressure. Staff costs for manufacturing companies moderated. Services sector companies experienced a moderation in operating profit margins.

16 Jun 2026 7:31 pm
Sean Combs 2028 Release Update: US rapper turns legal student in prison, lawyer says he's become like a paralegal

Sean Combs 2028 release update: Sean Diddy Combs is reportedly deeply involved in his legal appeal from FCI Fort Dix, with his lawyer stating he's become like a paralegal. Combs is also reflecting on his life and seeking self-improvement. His projected release date has been moved up to February 23, 2028.

16 Jun 2026 7:31 pm
Modi, Trump meet at G7 summit in France after 16 months

Prime Minister Narendra Modi met with US President Donald Trump at the G7 Summit in France. This marks their first in-person interaction in over 16 months. India is attending the summit as an invited partner country. Prime Minister Modi is also holding bilateral meetings with leaders from Canada, the UK, and the UAE.

16 Jun 2026 7:01 pm
Comet crash or ice volcano? Scientists are stumped by a secret world past Pluto, and it may be wearing a secret atmosphere

2002 XV93 atmosphere mystery stuns space scientists as a distant Kuiper Belt object reveals unexpected signs of activity. The 470-kilometer icy world challenges old Solar System theories. Researchers believe possible gas, dust, impacts, or icy volcanoes may explain this rare cosmic discovery. The finding shows even small worlds can hold hidden secrets beyond human imagination.

16 Jun 2026 7:00 pm
Trump's unusual stock frenzy: Portfolio shows 3,600 trades in 90 days

President Trump's investment accounts saw thousands of trades totaling hundreds of millions of dollars between January and March. This feverish activity, dominated by tech stocks, has drawn scrutiny from lawmakers and ethics experts over potential conflicts of interest, though the Trump Organization denies the president's direct involvement.

16 Jun 2026 6:58 pm
Life Lesson of the Day by the prolific songwriter Tim Rice: 'The biggest lesson I had in my life was...'- The famous Hakuna Matata lyricist's powerful life lesson about resilience and success

Tim Rice's life demonstrates that failure is not an endpoint but a powerful teacher. His journey from unperformed musicals to global acclaim highlights how setbacks, uncertainty, and mistakes are crucial for growth and resilience. By learning from these experiences, he built the foundation for his remarkable success.

16 Jun 2026 6:49 pm