The Economic Times

Eyewitness recalls horror in Manipurs Senapati: CRPF injured, house burnt to ashes

Japan's government is considering tax breaks on non-core business sales. This move aims to accelerate corporate restructuring and industry consolidation efforts. The plan would defer corporate tax on sale gains if proceeds are reinvested. This initiative is modeled on Germany's successful tax reforms from the early 2000s. Such changes could boost already active merger and acquisition deal activity in Japan.

In the fight for the South Carolina Republican Senate nomination, Senator Darline Graham has secured major support from MAGA Inc., while Representative Ralph Norman intensifies his campaign efforts. Norman voices his worries regarding the role of super PACs in shaping elections. With rallies and endorsements from President Donald Trump on her side, the winner of this runoff will square off against Annie Andrews, the Democratic candidate, in November.

A fringe theory circulating on Chinese social media is casting doubt on the historical authenticity of the Tang dynasty. However, this notion stems from unvalidated online videos and is heavily contested by historians. With a wealth of archaeological evidence upholding the Tang's significance, Chinese authorities are actively countering these unfounded claims to safeguard the integrity of the nations historical narrative.

The government has extended the processing window for duty-free raw sugar imports. This move aims to increase domestic sugar availability before the festive season. Domestic sugar prices have risen sharply due to tighter supplies and increased demand. The government is also curbing hoarding by reducing stockholding limits for bulk consumers. These measures seek to stabilize sugar prices and ensure adequate supply for consumers.

Tokio Marine, a leading Japanese insurer, has set its sights on Suncorp for a potential takeover, among other competitors like Insurance Australia Group and Intact Financial Corp. Presently, discussions are unfolding, but the outcome remains uncertain. In reaction to this news, the stock prices of both Australian firms have risen sharply, even as Reuters has yet to confirm the Financial Times story.

Amazon Swiggy Bigbasket Food Licence Suspension News: Karnataka's Food Safety and Drugs Administration Department has suspended the food licences of Amazon, Swiggy Instamart and BigBasket after datura fruits and seeds were found listed as food products. The department ordered the platforms to remove the listings and stop selling or distributing datura for human consumption.

The United States has formally removed Syria's State Sponsor of Terrorism designation. This action ends a 47-year classification, removing barriers to investment. Hay'at Tahrir al-Sham's terrorist designation was also rescinded by Washington. These steps aim to promote Syria's economic recovery and global reintegration. Syrian officials welcomed the decision as a historic milestone for their nation.

American support for the war with Iran has reached its lowest point. President Donald Trump's approval rating also remains at a record low. Most Americans believe this conflict will continue for an extended period. Rising gasoline prices are impacting voters ahead of midterm elections. Independent voters currently favor Democrats in congressional races.

In 1973, NASA sent two mummichog fish and 50 eggs aboard Skylab 3 to study how weightlessness affected their sense of balance. The fish initially swam in strange sideways loops, but gradually adapted over 21 days, using light as a visual cue to maintain their orientation.

Sigma Advanced Systems secured a new 125 million contract with Rolls-Royce. This agreement expands their existing partnership and builds on a prior 300 million deal. The new contract will see Bromford manufacture critical aero-engine components for Rolls-Royce. Sigma's acquisition of Bromford Precision Solutions strengthened its manufacturing capabilities. This collaboration enhances India's precision engineering and defence-aerospace manufacturing base.

US War Secretary Pete Hegseth said Washington remains prepared to use military force against Iran, including in the Strait of Hormuz, while intensifying economic pressure on Tehran. Treasury Secretary Scott Bessent launched Operation Economic Outcast to isolate Iran financially.

US Vice President JD Vance referred to Canada as a state, correcting himself amid trade disputes. He criticized Canada's military underinvestment and trade policies, comparing it to China. US-Canada trade talks collapsed last week, with tariffs threatened for January 2027. Canadian Prime Minister Mark Carney rejected US proposals as unfair and uneconomic. Canada vows retaliation, potentially using critical minerals and electricity as leverage.

In the Nifty500 pack, eight stocks' closing prices crossed above their 200 DMA (Daily Moving Averages) on August 24, 2026, according to stockedge.com's technical scan data. Traders use the 200-day daily moving average (DMA) as a key indicator to determine the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Take a look:

Brent crude futures were up 6 cents, or 0.1%, at $92.16 a barrel, while U.S. West Texas Intermediate crude was up 15 cents at $85.12. Both contracts fell more than 2% on Monday, with U.S. crude touching a one-week low as investors took profits following a rally over the previous two weeks.

Indian stock markets have disappointed investors with negative returns over two years. The Sensex has shown its worst two-year performance since 2012. Indices have not struck a new all-time high for 697 days. This extended period marks a significant downturn for market performance. Investors are facing a challenging and prolonged market slump.

On Tuesday, oil prices found stability following a notable decline on Monday. Investors are currently evaluating newly imposed U.S. sanctions that aim to target Iran's economy without resorting to military force. An incident involving an oil tanker near Oman has raised concerns about shipping safety. Additionally, the U.S. has reported a significant decrease in its strategic oil reserves, marking a historical low.

Ontario Premier Doug Ford labelled President Donald Trump a loser and a bully. He vowed to fight back against escalating United States tariff threats. President Trump attacked Ford and Prime Minister Mark Carney on social media. Ford threatened to cut off critical minerals and electricity exports to the US. Canada is preparing retaliatory measures against the United States.

California Attorney General Rob Bonta canceled settlement talks with Paramount Skydance over its proposed $110 billion acquisition of Warner Bros Discovery, accusing the company of leaking and misrepresenting confidential discussions. Paramount denied the allegation and said it remains ready to negotiate. The lawsuit remains a key obstacle to completing the deal.

Delhi-NCR weather forecast August 25: Delhi-NCR is likely to see rain, thunderstorms and lightning on August 25, with New Delhi, Noida, Gurgaon, Faridabad and Ghaziabad among the areas covered by the IMD forecast. Light rain is expected at many places, while moderate rain may occur at isolated locations before weather turns warmer and drier from August 26.

US sanctions announced by Treasury Secretary Scott Bessent aim to pressure Iran and countries doing business with it, but their gradual approach may limit their impact. Iran has previously evaded sanctions through front companies and Chinese ties, while reduced oil exports and Strait of Hormuz tensions could keep crude markets on edge.

InCred recently welcomed three senior professionals from the competition, Avendus, to establish a dedicated platform aimed at ultra-high-net-worth individuals. Their wealth division has now achieved assets exceeding one lakh crore. As India's ultra-high-net-worth population continues to surge, this initiative is set to tap into a flourishing segment of wealthy clientele.

Iran has vowed to retaliate against expanded US economic sanctions, warning Washington of attacks on vital interests and energy chokepoints if its infrastructure is threatened. Treasury Secretary Scott Bessent said countries continuing to trade with Tehran could lose access to the dollar system, while China and Russia rejected the pressure campaign.

Quote of the Day by Mel Gibson: Mel Gibson's famous quote, Nothing ever goes according to plan, but the mistake is to think that the journey was not worth it. Most people measure a path's worth strictly by its planned destination, treating unexpected detours as wasted effort. Gibson challenges this mindset by highlighting the tension between our desire for complete control and the necessity of surrendering to life's chaos.

Renewable energy projects may receive up to four-month deadline extensions. This relief applies to delays caused by West Asia situation disruptions. Agencies can allow extensions without penalties for eligible projects. The provision covers delays occurring on or after February 28, 2026. This move addresses potential disruptions to contract execution for goods and services.

Asian markets followed Wall Street's downward trend as caution in technology stocks seeped into trading. Meanwhile, gold prices soared for the fifth day straight, hitting impressive highs. Investors are on the edge of their seats awaiting Nvidia's earnings announcement, which is expected to sway market sentiment. Federal Reserve Chair Kevin Warsh's upcoming speech also promises insights into the economic landscape.

India's weight in major global emerging-market ETFs has begun to recover recently. This rise follows a steady decline over the past year, showing improved performance. India's stable market has increased its weight in underlying indices compared to others. South Korea and Taiwan have seen declines amid valuation concerns and market pressures. This shift reflects relative country performance within these broad investment funds.

Canada is set to announce retaliatory tariffs against the US after President Donald Trump threatened steeper levies on Canadian autos, steel and other goods. Prime Minister Mark Carney accused Washington of seeking to subordinate Canada, while Ontario Premier Doug Ford warned Ottawa could target US electricity and critical minerals.

Sebi has dropped proceedings against Max Financial and its associates. Allegations of disclosure lapses and a fraudulent scheme were not proven. The market regulator cleared Max Financial founder Analjit Singh and executives. Sebi investigated transactions between Max Financial, Max Life, and Axis entities. The regulator found no evidence of a fraudulent scheme benefiting Axis.

IPO activity remained particularly strong, garnering more than 40% of the funds raised. So far this month, 20 companies have collected more than

Mutual fund SIP investments have seen significant growth over five years. The number of unique mutual fund investors increased substantially during this period. SIP assets under management more than tripled, reaching

Quote of the day by Miranda Kerr stresses on being grateful for simple things speaks to a universal truth: a meaningful life is not built exclusively from extraordinary moments. It is also created through countless ordinary experiences that are easy to overlook. Gratitude teaches us to slow down, pay attention, appreciate people, and recognize beauty in the present rather than constantly waiting for a better future. Success and ambition still have their place, but they become more fulfilling whe

Quote of the day by Sergey Brin reflection presents success as a combination of innovation, trust, ethics, and positive impact rather than a simple measure of status or wealth. It encourages a generation of entrepreneurs, professionals, creators, and aspiring leaders to think about the legacy they want to build. Achievement may open doors, but innovation creates possibilities, trust builds lasting relationships, ethics protects what matters, and meaningful impact gives a legacy its lasting value

Quote of the day by Aristotle offers a timeless definition of what makes a best friend truly special. The deepest friendship is not founded solely on shared interests, convenience, status, or personal advantage. It is rooted in the sincere desire to see another person live well simply because they deserve happiness. In an increasingly connected world, that kind of relationship remains precious.

Wont accept Canada is a subsidiary of US attitude: Carney hits back at Trumps 50% tariff threat

Quote of the day by Sean Connery is a powerful reminder that the passage of time alone does not create wisdom. Birthdays may count the years, but character is shaped by what people do with those years. Maturity emerges through responsibility, emotional awareness, empathy, resilience, humility, and the courage to learn from experience. Growing older is inevitable; growing wiser is a choice that requires conscious effort. Rather than focusing solely on how many years have passed, we can ask what t

In 1999, a small unit mismatch sent NASA's Mars Climate Orbiter deep into the Martian atmosphere and led to the failure of the mission. The spacecraft received correct commands and survived its journey from Earth, but ground software used pound-force-seconds while navigation software expected newton-seconds. The resulting error changed the predicted trajectory and sent the spacecraft below its planned Mars orbit.

Quote of the day by Herodotus: Herodotus, the ancient historian, highlighted the necessity of fun and relaxation in life. He expressed concern that an overly serious demeanor could lead to madness or instability. This wisdom is still applicable in our modern world. Finding harmony is essential, and giving ourselves the chance to unwind is crucial for overall well-being.

Mercury entering Virgo on August 25, 2026, will bring practical energy to financial matters. This astrological shift will positively impact Virgo, Taurus, and Aquarius zodiac signs. Virgos will gain confidence in their ability to build financial success. Taurus individuals will reinforce practical instincts and recognize dependable opportunities. Aquarius people will refine their balanced approach to money and its purpose.

Former minister P Chidambaram called the 'one nation, one election' plan unconstitutional. Vidhi Centre for Legal Policy also urged significant changes to the proposed framework. They argued curtailing legislature tenure violates the Constitution's basic structure. The think tank flagged potential delegation of Parliament's amending powers. The joint committee will examine all submissions before making recommendations.

The Supreme Court has sought Kerala government's response on a plea. A death row convict seeks transfer from a Kerala jail to Assam. His wife and aged parents currently reside in Assam. Assam will consider the request after Kerala permits the transfer. The apex court issued notice to the Kerala government for its response.

Congress accuses the government of aggressive privatization of India's space program. This agenda will limit the Indian Space Research Organisation's rocket development and manufacturing. The party questions why ISRO is being strangulated and emasculated by this policy. Much of ISRO's satellite assets may transfer to private companies under this plan.

A CRPF constable was injured amid fresh firing in Senapati and Kangpokpi districts. Houses belonging to Naga residents were burnt down early Monday morning. Incidents of houses being burnt were reported starting at 2:40 am. Protestors blocked the Imphal-Dimapur highway, disrupting traffic flow. The Taphou Kuki Village Authority condemned the destruction of a residential house.