The Economic Times

The Insolvency and Bankruptcy Code has helped creditors recover over Rs 4 lakh crore rupees. The Code has revived many distressed companies. It also reduced banking sector non-performing assets significantly. Recoveries through IBC have improved, boosting investor confidence and economic growth.

A significant diplomatic development is underway between the United States and Iran. A 60-day memorandum of understanding is drafted to extend a fragile ceasefire. This agreement also aims to initiate formal talks concerning Iran's nuclear program. This represents a major breakthrough since fighting began in 2025. The deal awaits final approval from US President Donald Trump.

Karnataka Deputy Chief Minister D K Shivakumar is in New Delhi to meet the Congress high command. This follows Chief Minister Siddaramaiah's resignation announcement. Discussions are expected on the new Chief Minister and ministry composition. Clarity on these key decisions is anticipated soon. Shivakumar's brother confirmed waiting for the party's decision.

Quote of the day: One reason the quote continues to resonate across generations is its practicality. It does not depend on complex philosophy or abstract spiritual ideas. The progression from thoughts to habits feels instantly relatable because it reflects something people experience in everyday life.

Bird Charity Hospital reports a surge in heat-affected birds. Residents are now using delivery apps to transport distressed avians for urgent care. This trend highlights the impact of extreme heat on people's ability to travel. The hospital is treating over 30 birds daily for various heat-related illnesses. Experts advise providing water and shade for birds during this period.

Israel is breaking all contact with United Nations chief Antonio Guterres, the country's ambassador announced Thursday, saying it was outrageous that Israel has been blacklisted over accusations of sexual violence in war zones. We are done with this secretary-general, Ambassador Danny Danon said in a video posted on X. abd/acb/mlm

Zelenskyy said he hasn't yet received a reply to a letter he sent earlier this week to US President Donald Trump and Congress asking for more of the American-made ammunition. He warned that deliveries to Ukraine are falling dangerously short as the Iran war diverts and depletes US stocks.

The UK stands at a crossroads as more than a million young adults find themselves adrift, disconnected from education, employment or training. Without immediate intervention, this alarming trend threatens to forge a generation marked by disillusionment.

Is T-Mobile down? The T-Mobile Fiber outage exposed how fragile modern internet systems can suddenly become. Thousands of T-Fiber users across America reported no internet, slow speeds, and broken connections overnight. Downdetector data showed a sharp spike in complaints. Many homes lost access during work hours.

Health authorities in Congo and neighbouring countries are scrambling to contain the latest outbreak of the rare Bundibugyo strain, for which there is no vaccine or treatment.

Thomas Aquinas, a medieval philosopher, believed true friendship was paramount. His quote, 'There is nothing on this earth more to be prized than true friendship,' resonates today. Genuine connections built on trust and loyalty offer support through life's challenges. In a world of distractions, these bonds provide emotional richness and purpose, proving more valuable than material success or status.

The Delhi Transport Corporation (DTC) is working on a Memorandum of Understanding (MoU) with state-owned NTPC Limited, which will provide the buses under its Corporate Social Responsibility (CSR) initiative.

The Bharatiya Janata Party has appointed MLA Abhishek Debroy as the new President of its Tripura unit. This move is seen as preparation for the 2028 assembly polls. Debroy, a first-time MLA, previously led the party's Gomati district unit. He entered politics through student activism. Chief Minister Manik Saha and outgoing president Rajib Bhattacharjee congratulated Debroy on his new role.

A timeless Japanese proverb offers a powerful antidote to modern-day anxiety. It advises focusing energy on solvable problems through action, while accepting what cannot be changed to preserve mental peace. This wisdom, rooted in Zen philosophy, encourages emotional balance and inner calm, proving remarkably relevant in our fast-paced, stressful world.

America will block Iranian airlines from landing, refueling, and selling tickets. This move aims to increase pressure on Tehran. The United States also seeks to open the Strait of Hormuz. Treasury Secretary Scott Bessent announced these measures. He stated that negotiations are key to ending the current situation. Further details were not provided.

Scientists discover ancient single-celled ancestors still live on in human blood, revealing a 700-million-year evolutionary link hidden inside the immune system. Researchers at Kyoto University traced modern blood cells back to primitive unicellular organisms that existed before complex animals appeared on Earth. The study found macrophages and immune genes like FOS still carry ancient biological patterns today.

Prime Minister Narendra Modi on Thursday said that projects worth over Rs 30,000 crore were reviewed during the latest PRAGATI session, covering sectors like ailways, power and road connectivity.

Quote of the day by Ivan Pavlov: Ivan Pavlov's quote highlights how the fundamental drive for survival, symbolized by the search for daily bread, has historically dominated human life and shaped societal development. This oldest link connects all living things to nature, emphasizing our enduring dependence on the environment for sustenance and well-being.

The worlds richest families are pouring money into artificial intelligence despite concerns over inflated tech valuations, according to a new UBS Global Family Office Report. The study, based on 307 family offices managing an average net worth of $2.7 billion, found that 65% now see AI as their top thematic investment priority.

Madagascar proverb of the day highlights the importance of balancing emotions with awareness. The proverb, Dont be so in love that you cant tell when its raining, explains how emotional attachment can affect judgment. The saying from Malagasy culture teaches people to notice warning signs, protect self-respect, and avoid ignoring reality in relationships. The proverb also remains relevant today because people continue to face emotional decisions in personal and social life.

The two countries are negotiating a Comprehensive Economic Partnership Agreement (CEPA). The third round of negotiations is underway in Ottawa. The minister was in Canada for a three-day official visit.

The psychology behind people who feel jealous of their spouses success reveals a complex blend of self-esteem, identity, social comparison, insecurity and emotional fear. Psychology suggests that many jealous partners are not necessarily toxic or malicious; instead, they may feel emotionally threatened, left behind or uncertain about their own sense of worth.

The U.S. Treasury has launched the Trump Accounts app nationwide. This initiative aims to create millions of investment accounts for children. The government will deposit $1,000 in starter funds for eligible children. Major companies have pledged contributions for their employees' children. This program encourages early long-term investing to build wealth and financial foundations for future generations.

Earl Nightingale's timeless quote The time will pass anyway continues to inspire millions. It encourages people to pursue their dreams despite the time commitment. Nightingale, a motivational speaker, shared this wisdom from his own life experiences. His message combats modern anxieties about quick success and the fear of being too late.

The US and Iran accused each other of breaching a fragile ceasefire after fresh clashes around the Strait of Hormuz, marking the worst flare-up since the truce began in April. Iran said it fired at unauthorised ships and targeted a US-linked airbase after strikes near Bandar Abbas, while US forces said they intercepted drones and called Tehrans actions a ceasefire violation.

Americans sought more unemployment benefits last week. Layoffs remain low despite economic uncertainty. Jobless claims are up to 215,000. The number of people signing up for benefits has stabilized in a low range. Companies are not resorting to widespread layoffs. Hiring has picked up slightly this year. The Iran war has clouded the economic outlook.

America's inflation rate has reached a three-year peak. Higher energy costs are a major factor. This situation is expected to keep interest rates unchanged for some time. Tax refunds are temporarily boosting spending. However, economists anticipate a slowdown as the tax season concludes. Consumers are facing rising prices across various goods and services.

Chinese proverb of the day: Life's journey often leads people far from their origins, yet emotional ties to home remain strong. Ancient Chinese wisdom, like the proverb A tree may grow high, but its leaves always fall on its roots, emphasizes that growth and success don't diminish the importance of one's beginnings. These roots provide enduring strength and a sense of belonging.

State Bank of India Chairman Challa Sreenivasulu Setty warns the West Asia conflict may slow global growth and increase inflation. India remains resilient due to strong domestic demand and public investment. However, spillover effects could impact India's GDP growth and inflation in FY2027. Policymakers and financial institutions must remain agile as global dynamics shift.

Scotland's football coach Steve Clarke has signed a new contract. This deal will keep him in charge until the 2030 World Cup. Clarke led Scotland to their first World Cup in 28 years. He is already Scotland's most successful coach. This new contract could make him the longest-serving coach.

The IPL 2026 Purple Cap race is heating up as the league stage nears its end. Royal Challengers Bengaluru's Bhuvneshwar Kumar and Gujarat Titans' Kagiso Rabada are tied at the top with 26 wickets each. Jofra Archer and Anshul Kamboj are also strong contenders, with playoff performances set to decide the ultimate winner.

The ongoing popularity of Strands highlights how much players enjoy daily games that are both quick and mentally stimulating. The New York Times has successfully expanded its puzzle empire beyond traditional crosswords, creating viral games that encourage daily participation and widespread social sharing.

Security forces intensified their anti-terror operation in Rajouri's dense forests. Fresh assaults targeted suspected terrorist hideouts. The operation entered its sixth day. Two to three Pakistani terrorists are believed to be hiding. Northern Army Commander reviewed the ongoing efforts. Forces are tracking fleeing terrorists. Joint teams are conducting extensive searches.

Inspirational movie quote of the day by Alfred Pennyworth: Alfred Pennyworths iconic quote from Batman Begins, Why do we fall, sir? So that we can learn to pick ourselves up, delivers a powerful life lesson. It highlights that failure is an unavoidable part of life, but true strength comes from the ability to recover, persevere, and keep moving forward.

More than a dozen explosions rocked Beirut, witnesses said, in the most intensive strikes on the southern suburbs since a war between Israel and Hezbollah in 2024.

The Supreme Court has made headlines with its ruling, requiring online gaming platforms to pay a hefty 28% GST on the entirety of the bet value. This decision could precipitate a colossal tax obligation estimated at 2.5 lakh crore for the industry.

Quote of the day by Peter Singer: The question is not whether we can ignore suffering, but whether we choose to. Peter Singers philosophy on utilitarianism, animal rights, effective altruism, vegan ethics, and global poverty still drives modern ethical debate worldwide. His ideas challenge luxury, waste, factory farming, and social inequality. Peter Singer argues every action creates moral impact. From climate change to charity and ethical living, his work pushes people to think deeper about res

Former RBI Governor Duvvuri Subbarao has advised the RBI to allow some rupee depreciation to counter external pressures. He has suggested using liquidity measures instead of rate hikes if inflation risks rise. Subbarao has emphasised that monetary policy should be a last resort for exchange rate defence.

Indian small businesses saw their best growth in 2025 since the pandemic. Four out of five firms expanded, with strong expectations for 2026. Technology adoption and customer experience boosted growth. Rising costs and global uncertainty remain key concerns. Hiring increased, and digital payments and e-commerce revenue grew significantly.

Sweden and Ukraine have forged a pivotal defense pact, with Sweden ready to supply a total of 20 Gripen E/F fighter jets to Ukraine's air force. Alongside this, 16 Gripen C/D jets will be donated, significantly strengthening Ukraine's military prowess. The financing for this substantial acquisition will be facilitated via a European loan, highlighting collaborative efforts to enhance regional security.

Sanjay Mehrotra, who was reportedly denied a US visa three times as a student, now leads Micron Technology, one of the worlds biggest semiconductor companies. His journey reflects the rise of Indian-origin tech leaders such as Satya Nadella and Sundar Pichai. As the AI boom drives demand for memory chips, Micron has seen massive growth and is also making significant investments in Indias semiconductor sector.