The Economic Times

India's economy shows robust growth in Q1 FY27, with GST collections soaring 13.9% to Rs 1.95 lakh crore in June. Car sales surged 24%, and power consumption rose 11.6%. Despite a dip in manufacturing PMI, strong import revenues and UPI transactions highlight economic resilience. Experts anticipate continued momentum, with potential for monthly GST collections to reach Rs 2 lakh crore.

Insolvency petition filed this week, A&M appointed as liquidator of B2B commerce company. Ten year old co has seen valuations crash 70% as financials come under pressure.

US stock market today July 1: US markets experienced a mixed trading day as the Dow Jones briefly hit a new intraday record before retreating. Profit-taking in semiconductor stocks led to a decline in the Nasdaq. This comes after a strong first half for US equities, with investors continuing a 'Great Rotation' from tech into traditional Dow companies.

Sylvia Plath quote today: Sylvia Plath's words highlight that freedom's true value lies not in its mere existence, but in our capacity to wield it wisely. She emphasized that purpose, understanding, and responsible action are crucial for freedom to be meaningful and lead to fulfillment.

Quote of the day by Ralph Waldo Emerson: American philosopher Ralph Waldo Emerson believed true beauty isn't found in new places but within our own perspective. He argued that our ability to appreciate the world hinges on our inner outlook, not just external experiences.

Quote of the day by Gerard Butler: Scottish actor Gerard Butler emphasizes that true impact in any field stems from authenticity and a strong point of view, not from seeking universal approval. He advises against diluting ideas to please everyone, advocating instead for courage, quality, and a unique perspective.

Psychology says people who become a pet parent instead of raising their own or adopting a child aren't selfish or disconnected from society. Psychology explains that people make family choices for many reasons. Some choose pets because of personal goals, emotional needs, financial planning, health concerns, or lifestyle preferences. Research shows that caring for pets can provide companionship, responsibility, emotional support, and a sense of purpose without replacing every role that parenting

Frank Sinatra's iconic My Way offers a timeless philosophy of living authentically, embracing mistakes, and owning one's journey. Despite a tumultuous career marked by success and setbacks, Sinatra exemplified this spirit, inspiring generations to prioritize personal values over external pressures. His life story underscores that true fulfillment comes from courageously navigating life's challenges and remaining true to oneself, rather than seeking perfection or universal approval.

African proverb of the day: African saying highlights the power of collective action. A single stick may flicker, but it's a group that truly ignites a lasting fire. This proverb underscores that while individual effort initiates progress, enduring success in business, community building, and problem-solving hinges on cooperation.

Finance Minister Nirmala Sitharaman embarks on a crucial visit to France to strengthen economic ties and highlight India's investment potential amidst global uncertainties. She will co-chair the India-France Economic & Financial Dialogue and engage with global CEOs, showcasing India's strong economic fundamentals and growth prospects. Sitharaman will also address a key European forum on fostering a new middle class, underscoring India's commitment to global economic discourse.

The National Company Law Appellate Tribunal has ruled that companies in insolvency proceedings cannot shield assets suspected of being proceeds of crime. Upholding actions by the Enforcement Directorate (ED) against Siddhi Vinayak Logistics Ltd., the tribunal stated that the Prevention of Money Laundering Act's (PMLA) adjudicatory mechanism holds exclusive jurisdiction over such attached assets.

JSW Infrastructure has successfully raised 7,503 crore through a unique Qualified Institutions Placement, combining a primary issuance and a promoter's offer-for-sale. This significant capital infusion will fuel the company's ambitious 39,000 crore expansion plans, meet public shareholding norms, and expand its investor base.

Federal investigators have determined that all three messages related to the kidnapping of Nancy Guthrie, mother of Today show co-host Savannah Guthrie, are fakes. The FBI's assessment casts doubt on the initial premise of abduction for ransom. While the Pima County Sheriff's Department continues its active investigation, the authenticity of these communications has been officially dismissed, leaving the family in agony and seeking answers.

Iran has invited top BJP and Congress leaders, including party presidents Nitin Nabin and Mallikarjun Kharge, to the state funeral of Ayatollah Ali Khamenei. India will send an official delegation led by Bihar Governor Syed Ata Hasnain. The ceremonies, beginning this week, will culminate with Khamenei's burial in Mashhad on July 9. Prime Minister Modi recently spoke with Iranian President Pezeshkian about regional stability.

Empire State Building incident led to arrest of Angela Nikolau and Vanya Beerkus after an apparent marriage proposal.

India is closely monitoring Bangladesh's political landscape as the Awami League faces increasing pressure. A recent tribunal verdict sentenced Hasanul Haque Inu, a close associate of former Prime Minister Sheikh Hasina, to a decade in prison for crimes against humanity related to 2024 street protests. Inu, a long-time advocate for secularism and strong India ties, played a significant role in Bangladesh's liberation.

Japanese Proverb of the Day highlights the meaning of One who smiles rather than rages is always the stronger. The saying reflects how emotional strength is often shaped by self-control, patience, and inner composure rather than outward expressions of anger or aggression. It suggests that true strength is not measured by how intensely a person reacts, but by how calmly they are able to respond in challenging situations.

Indian Institutes of Management are witnessing a significant surge in female enrollment for their flagship MBA programs, with several top IIMs reporting their highest-ever percentage of women. This success is attributed to sustained efforts to enhance classroom diversity, moving beyond just entrance exam scores.

A significant moment for Indian diplomacy unfolded as Ambassador DB Venkatesh Varma became the first Indian diplomat to chair the UN Secretary-General's Advisory Board on Disarmament Matters. The board convened in New York, with Varma, a seasoned expert on disarmament and Russia, leading discussions. This leadership role highlights India's growing influence in global security dialogues, particularly relevant amidst ongoing international conflicts.

To respond effectively to the evolving security environment, we must take forward the modernisation of the Army with renewed energy and firm resolve. Our aim is to build a technology-enabled, future-ready Army which is fully empowered and capable of operating across multiple domains, the Army chief said.

The number of companies incorporated increased to 19,375 in June from 16,654 a year earlier, according to the latest corporate affairs ministry data. Incorporations had fallen 8.6% in April before rising 5.5% in May.

Psychology says parents who like to play board games at home with their kids, friends or family aren't simply looking for entertainment. Psychology explains that board games help people build trust, communication, patience, emotional control, and problem-solving skills. Research also shows that regular family game sessions support healthy relationships and learning. Understanding this behavior helps explain why many families continue to choose board games in a digital world.

Meta CEO Mark Zuckerberg believes artificial intelligence won't necessarily lead to mass job losses. He has argued that companies can choose to use AI to empower employees and boost productivity, rather than simply automate tasks and reduce headcount. This perspective comes as Meta itself undergoes significant layoffs while heavily investing in AI development, aiming to enhance human capabilities.

Chinese proverb of the day: A Chinese saying highlights the essence of genuine generosity and gratitude. This proverb emphasizes that true kindness is offered without expectation of return, while appreciating the support we receive strengthens relationships and fosters humility.

A high-level committee on demographic changes will soon visit states and Union Territories to gather firsthand details on population shifts, particularly those stemming from illegal immigration. Informing Union Home Minister Amit Shah, the panel revealed a detailed questionnaire is ready for states. The committee, tasked by Prime Minister Modi, aims to analyze causes and propose policy solutions to address these demographic transformations.

France is proving to be an overwhelming favorite at the World Cup, showcasing incredible creativity and ruthlessness. With a dominant performance, they've hammered 13 goals while conceding just two. Led by the electrifying Kylian Mbapp and a talented Fab Four, the team is mesmerizing fans and drawing comparisons to footballing legends.

The Gujarat High Court has ruled that a Hindu marriage requires the performance of essential rites and rituals, not just registration. A division bench declared a marriage null and void, emphasizing that a certificate alone is insufficient if ceremonies like Saptapadi were not conducted. The court cited Hindu law and the Rig Veda to underscore the significance of these traditional practices for a valid union.

The 57-day pilgrimage to the 3,880-metre high Amarnath cave shrine is scheduled to begin on July 3 from the traditional 48-km Nunwan-Pahalgam route in Anantnag district, and the shorter but steeper 14-km Baltal route in Ganderbal district. Around four lakh pilgrims have already registered online for the Yatra.

Boxing legend Muhammad Ali's powerful Don't Quit quote underscores that true greatness demands discipline and sacrifice over comfort. He taught that enduring temporary pain for a larger purpose forges lifelong achievement and a champion's mindset. Ali's philosophy, extending beyond the ring, highlights how perseverance, resilience, and self-belief are crucial for meaningful success, urging us to embrace challenges for enduring rewards.

The move follows concerns raised by banks, citing cases where such promoters continue to hold directorships elsewhere. Existing laws do not specifically prohibit such appointments, said people familiar with the matter.

West Bengal is set to launch a new tram route connecting the Dakshineswar and Kalighat Kali temples, aiming to boost religious tourism. The state also plans a major tram revival, introducing air-conditioned trams and relocating tracks to the roadside. These eco-friendly trams will run on battery power. Additionally, new routes are planned for Rajarhat-New Town and Saltlake, alongside the addition of electric and CNG buses to the state fleet.

Tamil Nadu has approached the Supreme Court, challenging a Madras High Court order that prohibited cow and calf slaughter entirely. The state argues the high court's blanket ban goes beyond existing laws, which only regulate animal slaughter, not prohibit it. The government contends the original plea sought only adherence to regulations and slaughter at authorized sites, not a complete prohibition.

Samajwadi Party chief Akhilesh Yadav launched a QR code for crowdfunding, 'PDA Swabhiman Sahyog,' on his birthday. This initiative aims for transparent fund collection and deeper connection with ground-level workers, especially from the PDA (Pichda, Dalit, Alpsankhyak) community. The party seeks minimum 20 contributions to boost public participation and strengthen its organization, echoing a socialist formula to reduce reliance on industrialist funding.

Uttar Pradesh authorities have granted a 15-day extension to the special investigation team probing the Ayodhya Ram Temple donation theft. The SIT, which has already arrested eight individuals, will now submit its comprehensive report by July 15. Recent searches have uncovered a donation box with a QR code, along with significant amounts of cash, gold, silver, and foreign currency, deepening the ongoing investigation into alleged embezzlement.

Beat the summer heat with celebrity chef Kunal Kapur's quick and refreshing stir-fried cucumber recipe. This light yet flavourful dish, featuring crisp cucumber with a tangy, spicy sauce and aromatic ginger and garlic, is perfect for a quick lunch. It's a simple way to enjoy seasonal produce while staying cool, offering a delightful balance of sweet, spicy, and savoury notes.

Quote of the Day by Timothe Chalamet: Timothe Chalamets quote, Ninety-eight per cent of all human communication is non-verbal explores the importance of body language, emotional expression, and unspoken cues in everyday interaction. The quote suggests that communication goes far beyond words, with gestures, facial expressions, tone, and silence often carrying deeper meaning than spoken language itself. It highlights how understanding others requires attention not just to what is said, but how it

Parliament is set to debate the Constitution (130th Amendment) Bill, 2025, in the upcoming monsoon session. The bill, aimed at 'decriminalising politics,' proposes disqualifying elected officials from office if arrested and held in judicial custody for 30 days for serious offenses. While the core provision is likely to be retained, the joint parliamentary committee may suggest safeguards against misuse and clarify the nature of offenses covered.

Villages inhabited by Tangkhul Nagas in Manipur's Kamjong district were set ablaze, with suspected Kuki National Army-Burma cadres blamed for the destruction of at least 12 houses and a market. The MLA highlighted limited security force access due to proximity to active militant groups. Meanwhile, Kuki-Zo groups are protesting highway blockades, impacting essential supplies like LPG and rice, which are now fetching exorbitant prices.

Leading consumer companies are injecting significant investment into India, creating nearly 5,000 new jobs over the next two years. This expansion, driven by India's robust consumer market, includes new manufacturing facilities and global capability centers. Companies like PepsiCo, McDonald's, L'Oreal, and Haleon are all bolstering their presence, signaling strong confidence in the nation's economic growth and talent pool.

Quote of the day by Savannah Guthrie offers a timeless reminder about the importance of maintaining life's true priorities. Careers provide financial security and personal achievement, but family provides love, belonging, and emotional strength. Professional success may earn admiration, but the support of family brings lasting happiness and meaning. By striving for balance, valuing time with loved ones, and recognizing that relationships are life's greatest treasures, individuals can achieve a r

Afghanistan's Jurm region was shaken by a magnitude 5.5 earthquake on Wednesday, according to the USGS. The tremor occurred at a significant depth of over 216 km, with no immediate reports of damage or injuries. This follows a powerful magnitude 6 quake in the Hindu Kush region just days prior, which was felt across Afghanistan and into Pakistan, highlighting the area's seismic activity.

Christoph Waltz quote today: Actor Christoph Waltz highlights that routine and daily dedication are not mere pauses but the very structure enabling remarkable moments. Waltz's insights, drawn from his own journey from European television to Hollywood stardom, highlight the crucial role of the mundane in forging lasting greatness.