The Economic Times
Elections 2026Global Business / The Economic Times
Mumbai experienced intense rainfall, with Mandavi Fire Station recording 150.2 mm. Widespread waterlogging has crippled traffic and led to two fatalities. The IMD has issued an Orange Alert, predicting more heavy showers. Authorities are urging residents to avoid non-essential travel as emergency teams work to clear debris across the city.
Rain in Delhi: Delhi is bracing for heavy rainfall and thunderstorms as the India Meteorological Department has issued a yellow alert. The monsoon has officially arrived, bringing much-needed relief from humidity. Residents can expect moderate to heavy showers, gusty winds up to 50 kmph, and potential waterlogging and traffic disruptions. This wet spell is part of a larger monsoon surge across North India, promising cooler temperatures but requiring preparedness for travel advisories.
Ayatollah Khamenei's funeral news: Iran is preparing for a massive public farewell and funeral for former Supreme Leader Ayatollah Ali Khamenei, with an estimated 20 million people expected. The multi-day event, beginning July 4, will feature public viewing and procession. UN Secretary-General Antonio Guterres offered condolences, while India will send a delegation. Khamenei's son, Mojtaba, will not attend due to security concerns.
FIFA World Cup 2026 Bracket: The FIFA World Cup 2026 knockout stage is heating up with thrilling Round of 32 results. Powerhouses like France, England, and Brazil are advancing, setting up blockbuster Round of 16 clashes. Portugal, led by Cristiano Ronaldo, faces a massive showdown against Spain. Fans are eagerly tracking the bracket as elite teams battle for a spot in football history, with France, Brazil, and England looking particularly strong.
Iran is preparing for a multi-day funeral for Supreme Leader Ayatollah Ali Khamenei, who died in an Israeli airstrike. General Ahmad Vahidi, a key figure in Iran's hardline stance, has reappeared after weeks of absence. The funeral procession will span Iran and neighboring Iraq, with significant disruptions expected in Tehran as the nation mourns its long-time leader.
Venezuela's interim president, Delcy Rodriguez, revealed Friday that twin earthquakes on June 24 have claimed 2,595 lives. This grim update follows international aid offers from the IMF and World Bank. Venezuela is now establishing a $200 million reconstruction fund with the IMF to rebuild devastated homes, providing crucial financial support to contractors for recovery efforts.
Tragedy struck outside the UN headquarters in New York on Thursday as a man self-immolated and later died from his injuries. The incident occurred at First Avenue and 42nd Street, with police responding to the scene. While the motive remains unclear, reports suggest a Tibetan flag was present. Investigations are currently underway by the NYPD.
US President Donald Trump claimed he single-handedly averted a nuclear conflict between India and Pakistan by threatening both with 200% tariffs. He asserted this economic pressure stopped eight wars, including the India-Pakistan standoff following the April terror attack. However, India has consistently stated the de-escalation was achieved solely through bilateral military talks, rejecting any US mediation.
Portugal secured a dramatic 2-1 victory over Croatia in stoppage time, with Goncalo Ramos scoring the winner after Cristiano Ronaldo had equalized from the penalty spot. The win ends Luka Modri's World Cup aspirations. Croatia's late equalizer was controversially disallowed for offside, sparking fan protests. Portugal now advances to face Spain in the next round.
Success Quote of the Day by Jack Welch reminds us that true leadership begins with personal growth but reaches its highest purpose by helping others succeed. In a world where influence matters more than titles, Welch's timeless wisdom challenges us to redefine successnot by what we achieve alone, but by the lives we inspire, mentor, and empower every day.
US President Donald Trump revealed American forces conducted strikes on Iran for three consecutive nights, targeting radar systems in response to attacks on commercial shipping. He asserted the US Navy's blockade effectively prevented any ships from reaching Iran, severely weakening its economy. Trump also detailed how the US quietly escorted tankers through the Strait of Hormuz, ensuring global energy supplies remained uninterrupted.
African proverb of the day: An African saying highlights humanity's deep reliance on nature, emphasizing that even seemingly dangerous environments like forests offer vital resources for survival and well-being. This proverb teaches us to look beyond immediate fears and recognize the hidden gifts and healing powers nature provides.
Arthur Schopenhauer quote today: German philosopher Arthur Schopenhauer's observation reveals how groundbreaking ideas often face ridicule and fierce opposition before becoming universally accepted. His three-stage theory highlights that what is initially dismissed as outlandish can, with time and resilience, eventually be embraced as self-evident.
Chinese proverb of the day: A Chinese saying underscores the profound strength found in collective support during hardship. This wisdom, passed down through generations, emphasizes that acts of kindness and shared responsibility not only aid those in distress but also forge resilient communities..
Quote of the Day by Travis Kelce conveys a valuable lesson about perseverance and responsibility. Success is not guaranteed to last simply because it has been achieved once. It demands continuous effort, disciplined habits, humility, adaptability, and a willingness to keep learning. Whether in sports, education, business, or personal life, maintaining success requires dedication every day. Those who embrace this mindset understand that true achievement is measured not only by reaching the top bu
Your laughter might be older than you think! A new study reveals that the rhythmic pattern of human laughter has remained consistent for at least 15 million years, shared with our great ape relatives. This ancient vocal structure, found in chimpanzees, gorillas, and orangutans, offers a unique glimpse into the evolutionary journey that paved the way for human speech.
Sigmund Freud quote today: Sigmund Freud, the father of psychoanalysis, explored the profound influence of the subconscious mind on our daily thoughts and actions. His famous metaphor likens conscious thoughts to a fountain rising from a vast, hidden pool of memories and instincts.
Pop superstar Taylor Swift and NFL star Travis Kelce have reportedly made a staggering $26 million donation to over 20 charities nationwide. The announcement, coinciding with unconfirmed wedding celebrations in New York, highlights their commitment to causes including food banks, animal welfare, education, and children's hospitals. This significant philanthropic act underscores their generosity ahead of what is rumored to be a weekend of festivities.
Greek proverb of the day: Greek saying highlights the power of persuasion over force. Instead of coercion, relying on reason and communication builds trust and fosters lasting understanding. True leadership, the proverb suggests, lies in inspiring others through thoughtful dialogue and mutual respect.
Yotta Data Services is reportedly seeking $1 billion from global and domestic funds, aiming to sell a 25-30% stake at a $3 billion valuation to fuel its expansion. The Hiranandani group's data centre arm is also exploring an initial public offering in India. This move comes as India's data centre sector experiences rapid growth, driven by AI and cloud adoption, attracting significant international investment.
The corporate affairs ministry is actively seeking to boost participation in the PM Internship Scheme. New measures include pilot projects with SEZs, global capability centres, and SMEs, alongside allowing state governments to nominate companies. The government is also expanding eligible sectors and considering firms without CSR obligations to address lower-than-expected engagement and high dropout rates observed in earlier phases.
Government revamps EPFO rules, mandating PF claim settlements within three days and imposing a 12% penal interest on officials for delays. Employees can now withdraw 75% of their PF balance immediately upon job loss. Withdrawal categories are simplified to three: illness, education, and marriage, with reduced service requirements.
The Reserve Bank of India has strongly advised a prohibition strategy for crypto assets, recommending that banks and financial institutions be completely shielded from them. Officials argued that allowing exposure could legitimize speculative products with no economic benefit and pose financial stability risks. The RBI also questioned India's top crypto adopter ranking and warned stablecoins could threaten monetary sovereignty.
India and the EU are set to ink their free trade agreement by December 31, with legal scrubbing expected to conclude in 10-12 days, marking the EU's fastest-ever approved trade pact. Meanwhile, India continues to press the US for a enable mechanism to ensure a competitive edge in a proposed interim trade deal, emphasizing preferential market access as crucial for finalisation.
Belgium staged a dramatic comeback against Senegal, overturning a 2-0 deficit to secure a crucial victory. Despite a heated on-field argument between key players Youri Tielemans and Leandro Trossard, the duo later combined for the equalizer, with Romelu Lukaku adding another. Tielemans ultimately sealed the win with a penalty, showcasing the team's newfound fight and talent.
Pulse prices are set to remain steady until December, defying concerns over delayed sowing and rainfall. Ample government reserves, coupled with strong output from key exporting nations like Africa and Myanmar, are ensuring sufficient supply. Weak consumer demand since March has also contributed to stable pricing, offering relief to the market.
Chinese Proverb of the Day highlights the meaning of He who returns from a journey is not the same as he who left. The saying reflects how every journey, whether physical, emotional, or personal, transforms a person's perspective, character, and understanding of life. It suggests that experiences gained through travel, challenges, relationships, and learning leave lasting impressions that shape who we become. Rather than simply marking the passage of time, the proverb emphasizes that growth come
Friedrich Nietzsche quote today: German philosopher Friedrich Nietzsche highlighted that connections with family, friends, passions, and values, rather than mere achievements, enrich existence and provide resilience. This profound insight suggests that the true measure of a life's richness lies in our ability to care and connect.
India and Japan have officially strengthened their strategic partnership, emphasizing initiatives aimed at economic security and collaborative military technology development. Important agreements focus on advancements in artificial intelligence and enhancing energy supply chains, particularly in semiconductors and critical minerals. Prime Minister Modi highlighted technology as fundamental, introducing a joint naval radio antenna project and designating 2027 as the India-Japan Year of Shared Ho
Football fever grips India as the FIFA World Cup 2026 Round of 32 heats up on July 3 with three thrilling knockout encounters. Argentina faces Cape Verde at 3:30 AM, followed by Colombia vs. Ghana at 7:00 AM, and Australia taking on Egypt at 11:30 PM. All matches are crucial for a spot in the Round of 16. Catch the action live on Unite8 Sports and stream on ZEE5.
Spain vs Austria FIFA World Cup 2026 Predicted Lineup, Key Players and Match Preview: Spain faces Austria in the FIFA World Cup 2026 Round of 32 on July 3rd, with a spot in the last 16 on the line. Unbeaten Spain, who topped Group H, clash with Austria, the Group J runners-up, at the Los Angeles Stadium. Fans can catch the action live on Zee5. Key players like Lamine Yamal and Marko Arnautovic are expected to shine in this crucial encounter.
Brent futures slipped to near $70 a barrel in London, hitting their lowest since the week before the Iran war began on Feb 28. Saudi Arabia managed to load crude at almost 90% of previous levels after restarting shipments late last week from its giant Ras Tanura terminal, according to vessel-tracking data compiled by Bloomberg. US benchmark West Texas Intermediate dipped to near $67 a barrel.
Psychology says people who love 'cute' videos of pets aren't simply avoiding work or spending time without purpose. Research shows that watching pet videos can improve mood, reduce stress, increase attention, and help people recover from mental fatigue. Psychology explains that people respond to caring signals, emotional comfort, and positive feelings. These effects may support mental well-being, social bonding, and daily productivity when viewed in balance.
Personal guarantors of struggling companies may lose their interim moratorium protection, as the insolvency regulator proposes changes to prevent delays in recovery. Creditors can now pursue or continue recovery actions. Additionally, the regulator aims to enhance transparency and accountability in appointing registered valuers for stressed firms, requiring creditor approval and mandating confidential submission of valuation reports until resolution plans are finalized.
Quote of the Day by Eric Clapton: Eric Claptons quote, An obsession is where something will not leave your mind explores the nature of intense, persistent thoughts that continuously occupy a persons attention. The quote suggests that obsession is not just a passing idea, but a powerful mental state where emotions, desires, or ideas linger and repeatedly return, often shaping focus, behavior, and inner experience.
The Enforcement Directorate has seized over Rs 58 crore in assets belonging to Ritu Singal, wife of former Bhushan Steel promoter Neeraj Singal. This action is part of a money laundering probe into alleged fund diversion from Bhushan Steel, causing a massive loss to financial institutions. The agency previously attached Rs 428 crore and filed chargesheets in the case.
Cockroaches harbor ancient bacterial DNA, a new study reveals. Researchers discovered thousands of tiny DNA fragments from Blattabacterium cuenoti, a long-term microbial partner, integrated into cockroach genomes. This finding highlights how enduring animal-microbe partnerships can leave lasting genetic imprints, challenging previous assumptions about animal DNA.
India is actively pursuing its bid to host the 2036 Olympic Games in Ahmedabad, engaging with the IOC through various channels under a revamped selection process. The nation is currently in the Continuous Dialogue stage, with a Strategic Dialogue phase set for 2027.
Psychology says people who raise numerous children aren't always motivated by the same reasons. Psychology explains that family size is influenced by culture, personal values, economics, relationships, biology, and social expectations. Researchers say there is no single personality type linked to raising many children. Different psychological theories help explain why families choose to have more children and what this behavior can teach about human decision-making.
Most children don't naturally love vegetables, but new nutrition research suggests that healthy eating habits can be built with simple daily routines. Child nutrition experts say repeated exposure, family mealtimes and positive food experiences matter more than forcing kids to eat. As childhood obesity and poor diet remain concerns across the US, these science-backed vegetable habits give parents practical ways to raise healthier eaters and support lifelong nutrition, growth, learning and overal
French Proverb of the Day highlights the meaning of For the young hunter, an old dog is needed. The saying reflects how success in learning or any new journey is often shaped by experience rather than effort alone. It suggests that guidance from someone experienced is essential for those who are still learning, as wisdom and familiarity with situations can prevent mistakes and improve outcomes. The proverb emphasizes how knowledge and experience are valuable assets that grow over time, and how b
New rules mandate strict monitoring of state spending on the rural employment scheme, VB-G RAM-G, exceeding central allocations. The scheme, replacing MGNREGA, guarantees 125 days of work and requires direct bank payments for wages. States will now share 40% of wage costs, a significant shift from the previous Centre-funded model.
Assam Chief Minister Himanta Biswa Sarma met with Union Minister Ashwini Vaishnaw to boost the state's industrial and infrastructure development. Discussions centered on integrating Assam into India's semiconductor ecosystem and enhancing railway connectivity. Key projects like the Lanka-Umrangso railway line and the India-Bhutan railway were highlighted, aiming to foster economic growth and regional ties. These initiatives are poised to significantly transform Assam's industrial landscape.

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