The Economic Times

Quote of the day by Percy Bysshe Shelley shows wisdom that lies in its simplicity. Do not allow tomorrow's uncertainty to steal today's possibilities. Do not allow yesterday's mistakes to prevent tomorrow's growth. Learn from what has happened, prepare thoughtfully for what may come and then return your attention to the life unfolding now.

Quote of the day by Nicolaus Copernicus: Nicolaus Copernicus believed learning and arts shape character and lead to better lives. His quote highlights knowledge's power to move minds away from vices. Copernicus, a Polish astronomer, proposed the Sun-centered solar system model. His heliocentric theory transformed understanding of the universe and influenced science.

Quote of the day by Kalpana Chawla teaches people to redefine achievement. The goal matters, but it is not the only measure of a meaningful life. The lessons learned, relationships formed, obstacles overcome and experiences collected along the way can become equally important. A destination may provide a moment of accomplishment, but the journey creates the person who reaches it. Without the journey, the goal is only a point on a map. With it, the goal becomes a story of growth, courage and disc

African proverb of the day explains how envy, hidden motives and social pressure can affect the way people value their success. The saying warns people not to throw away their peace, relationships, opportunities or achievements because someone else questions their worth. It also teaches people to recognize jealousy, protect their blessings, understand intentions and value what they have worked to build in life.

University of Warwick researchers developed a new non-contact rail crack detection technology. This system uses electromagnetic acoustic transducers to generate and detect ultrasonic waves. The technology can identify cracks hidden beneath the rail surface at high speeds. It offers potential for continuous rail monitoring without disrupting traffic flow.

Psychology says people who get irritated at times on even small issues aren't necessarily angry or mean. Irritation can appear when stress, tiredness, emotional pressure or mental overload reduces a person's ability to handle frustration. Small events may become the point where built-up emotions come out. Psychology explains how stress, exhaustion, frustration and emotional pressure can influence reactions and offers lessons about rest, self-awareness and emotional regulation.

AI firm Anthropic has secured a significant computing capacity deal. This agreement is valued at ten billion dollars and spans six years. The contract is with infrastructure startup Volta Infra Holdings, which is Nvidia-backed. This move aims to meet the growing demand for Anthropic's AI products. The deal marks a substantial investment in future AI development capabilities.

Incoming Apple CEO John Ternus is bringing back Laura Legros to his new management team. Legros previously served as a vice president of hardware engineering until her retirement in 2022. She will report directly to Ternus after he assumes the CEO role on September 1. This move signals Ternus beginning to shape the company's leadership structure. Legros will function as a vice president working across various company departments.

Iran may permit European nations to clear mines from the Strait of Hormuz. This potential shift could aid peace talks and normalize shipping routes. The move offers third-party assurance for maritime industries after recent conflicts. European demining depends on Iran providing security and a sustainable ceasefire. This development could boost broader diplomatic efforts to end the war.

Spain has returned seventy thousand migrants to Morocco after their arrival in Ceuta. This influx saw seventy-five people tragically lose their lives while attempting the crossing. Most of the seventy-two thousand migrants who entered irregularly have now departed. Those remaining face difficult living conditions with limited access to basic necessities. Spanish officials confirmed the updated figures following the recent events.

Two foundations have committed two hundred million dollars to aid endangered species. This initiative aims to revive one hundred of Earth's most threatened animals. The Phoenix Species Project is the largest fund dedicated to species recovery. It was launched by Re:wild and the Bezos Earth Fund groups. This effort addresses species threatened by climate change and habitat loss.

Quote of the day by Whoopi Goldberg focuses on believing in yourself even when others doubt you. Her words explain the importance of self-reliance, inner confidence and emotional independence. The quote encourages people to trust their choices, protect their goals from outside doubt, understand their own worth and continue moving forward without depending on approval from others.

The Supreme Court ordered Irdai to pilot compulsory third-party insurance for fuel purchases. New four-wheeled vehicles will require four years of coverage, and two-wheelers six years. Police will receive devices to verify insurance status in real time. Automatic number plate recognition cameras will integrate with insurance databases. A four-layer structure for private vehicle insurance policies is also planned.

Global oil inventories have significantly depleted since the US-Israeli war with Iran began. Saudi Aramco's chief stated that replenishing these stocks would take eighteen months. The world's top oil exporter reported a substantial profit increase in the second quarter. This profit surge occurred as higher prices benefited crude oil and refined products. Shipments were successfully rerouted away from the Strait of Hormuz during this period.

Bats protect rice farm: Every night, approximately 250,000 Mexican free-tailed bats take flight from the Yolo Causeway bridge, playing a crucial role in the ecosystem. They devour large quantities of harmful insects that threaten local rice crops, thus sparing farmers the expense of insecticides.

The Delhi High Court has closed contempt proceedings against SpiceJet's chairman and directors. This action follows their failure to fully comply with a court order. The court noted the main case against the airline was already disposed of. TWC Aviation Capital can now file an execution petition for asset possession. The airline had been ordered to hand over two Boeing aircraft and three engines.

Millions of people in the US and Canada eat cereal for breakfast, but experts say the choice may matter for heart health. Fiber, whole grains, added sugar, saturated fat and sodium could all play a role in choosing a breakfast that supports cardiovascular health, with experts highlighting what to look for on the nutrition label.

Oil prices experienced a significant decline on Tuesday, falling over five percent. Hopes for a diplomatic resolution to the West Asia conflict emerged. This potential resolution could improve oil flows through the Strait of Hormuz. Talks are underway with Iran to reopen the vital shipping lane. Regional officials also discussed a potential deal with Oman for passage.

The Supreme Court has issued a notice to the Centre regarding a plea. This plea challenges the validity of the Central Armed Police Forces Act, 2026. Petitioners argue the new law violates the doctrine of separation of powers. Thirty-four CAPF officers contend the act overrides a previous court decision.

A parliamentary panel found only 18% of sewerage projects completed under AMRUT 2.0. This slow implementation pace has raised serious concerns about sanitation infrastructure expansion. The mission's second phase, launched in October 2021, has seen limited progress. Many urban areas still lack equitable access to sewerage and septage services. The committee reviewed the mission's success in improving urban sanitation outcomes.

The National Commission for Protection of Child Rights has initiated an investigation into disturbing child pornography ads on Instagram, prompted by a revealing BBC Eye report. These ads, which linked to Telegram channels, were allegedly cleared by Instagram's moderation system before going live. After issuing a notice to Meta Platforms on July third, the Ministry of Electronics and Information Technology has directed the company to remove such content immediately.

Artificial intelligence can significantly boost developing economies' growth before the decade ends. India leads AI adoption, benefiting farmers with weather forecasts and increasing tech activity. Fintech lenders use AI for credit scoring, extending loans to underserved businesses and workers. Governments must quickly close gaps in power, connectivity, skills, and institutional quality. AI could automate some jobs while complementing many others across low-income countries.

Commerce Minister Piyush Goyal will likely visit the US for the G20 Trade Ministers' Meeting. He is expected to hold bilateral meetings with counterparts on the event's sidelines. India and the United States continue ongoing negotiations for a bilateral trade agreement. The US will lead discussions on various global trade issues with G20 ministers. Washington seeks to establish a global trading order based on fair and reciprocal trade.

Punjab Police have successfully dismantled two ISI-backed terror modules operating across the border. Nine individuals, including four juveniles, were apprehended during the operation. Authorities recovered three illegal pistols and nine live cartridges from the accused persons. Preliminary investigations indicate foreign-based ISI handlers were involved in recruiting local youth.

Six students have petitioned the Supreme Court regarding NEET OMR sheet discrepancies. They allege their marked answers differ from the NTA uploaded versions. The plea was presented before a bench headed by CJI Surya Kant. The students' counsel urged the bench to take up the matter urgently. The bench agreed to list the plea for a hearing soon.

The Centre will launch the Sampoorn Gobardhan Scheme on August 10 to accelerate compressed biogas production. This new scheme offers higher procurement prices and enhanced capital subsidies for new projects. It aims to address execution challenges faced by the previous SATAT scheme. Mandatory blending of compressed biogas with natural gas supplies is increasing. Fresh investments are critical to meet higher blending targets over the next three years.

India has successfully extradited 274 fugitive criminals from 36 nations since 2019. This achievement reflects a significant strengthening of the nation's fugitive management framework. New laws enacted in 2019 and 2024 facilitate trials in absentia for offenders. Advanced technology and profile mapping aid in identifying and tracing fugitives abroad.

Today's Quote of the Day by Carl Jung: Carl Jungs famous quote highlights that human psychology is formed through a dual relationship between environmental factors and innate genetic inheritance. Rejecting the classictabula rasa(clean slate) philosophy, Jung argues that every individual enters the world with a distinct psychological architecture present from birth. Understanding this fundamental balance allows individuals to embrace their inherent traits while navigating external life circumstan

Macquarie Asset Management is close to finalizing a major acquisition of a substantial stake in Fourth Partner Energy, a prominent renewable energy platform. This acquisition values Fourth Partner at around two billion dollars, as existing investors, including the World Bank's IFC, prepare to exit. Fourth Partner Energy is dedicated to delivering clean power solutions for various businesses.

Domestic industry suffers from delayed anti-dumping duties on Chinese imports. Cheaper Chinese crawlers and truck cranes continue to enter India. Local manufacturers face severe impact and some have shut operations. The Directorate General of Trade Remedies recommended duties in September 2025. Final customs notification awaits finance ministry approval for implementation.

Chinese Proverb of the Day highlights the meaning of A smile dispels many worries. The saying reflects the power of positivity, emotional resilience, and the influence of a simple expression on human experiences. It suggests that a smile can help reduce stress, bring comfort, and change the way people respond to challenges. Rather than removing every difficulty, a positive attitude can provide strength, hope, and a calmer perspective when facing problems. The proverb reminds us that emotions and

The Rajya Sabha has passed the Registration of Births and Deaths (Amendment) Bill, 2026, after the Lok Sabha cleared it on July 31. The legislation was introduced by Union minister of state for home affairs Nityanand Rai.

HDFC Life CEO Vibha Padalkar highlights intense competition and rising costs in open architecture. She believes credit life policies are vital and need careful consideration. Equitable commission structures are essential for distributor incentives and market penetration. Increased foreign direct investment will bring capital and innovative products to India. Protection growth shows promise, though pricing remains extremely competitive and margins are improving.

In 1965, a Polish-American woman chemist made an unexpected discovery and created a compound five times stronger than steel helping in saving lives through bulletproof vests, spacecrafts and helmets. Stephanie Kwoleks work at DuPont led to Kevlar and changed the use of synthetic fibres. Her research in polymer chemistry produced materials used in protective clothing, helmets, spacecraft, tyres, boats and other products.

Amid relentless protests from the opposition, the Lok Sabha approved the Appropriation Bill with remarkable speed. Finance Minister Nirmala Sitharaman, having introduced the bill, saw it passed almost instantly. Prior to this, she had also put forth the Taxation and Other Laws Amendment Bill, as opposition members continued their demonstrations and catchy slogans during the proceedings.

The Supreme Court has reserved its verdict on a plea challenging Maharashtra's two-child norm. This norm disqualifies individuals with more than two children from contesting local body elections. The court will consider if a previous ruling needs reconsideration by the current bench. The case involves a former Sarpanch disqualified after the birth of her third child.

A 12-member expert committee has been formed to review the NEET-PG admission system. This committee will identify system gaps and propose practical solutions for improvement. The Supreme Court directed the committee to invite stakeholder suggestions. The committee has been given eight weeks to submit its comprehensive report.

In a significant show of dissent, three NCPI MPs opted out of an important NDA parliamentary meeting chaired by Prime Minister Narendra Modi. Representing Muslim-heavy constituencies in West Bengal, these MPs have now missed two such gatherings. They have made it clear they are not aligning with either the NDA or the BJP, leading to questions from constituents about their affiliations.

Udhayanidhi Stalin was arrested from his Chennai residence following a case registration. He was taken to Thanjavur where a first information report was filed. The Madras High Court directed Stalin to cooperate with the police investigation. After questioning, he was released on station bail by authorities. DMK cadres and others protested against the arrest and the case.

Akhilesh Malthi has officially landed a remote AI Engineer position at Fabrantic AI, boasting an impressive annual salary of Rs 1.06 crore, courtesy of campus placements. Hailing from a humble background, with his father serving as a tailor, Akhilesh's journey exemplifies the impact of parental support and dedication to education. His accomplishment has garnered admiration on social media, showcasing the power of perseverance in skill development.

A proposed constitutional amendment concerning women's reservation is under review by the Centre. This legislation builds on earlier proposals, addressing delimitation challenges with the goal of uniformly increasing the number of seats in the Lok Sabha and state assemblies. Additionally, it seeks to reserve positions for women within the SC and ST quotas, which may pave the way for a women's quota in the 2029 general elections.

The Supreme Court has directed the RBI to create a standard operating procedure for mule accounts. States and Union Territories must operationalize grievance and money restoration modules promptly. Cybercrime coordination centers need notification within four weeks, adopting the e-Zero FIR mechanism. Intermediaries and ministries will examine technological measures to prevent digital arrest scams.

Guatemala's Fuego Volcano has erupted with increasing intensity, prompting an emergency alert. Towering ash clouds and lava flows are forcing nearby residents to flee their homes. Officials warn of a more explosive phase, with dangerous volcanic debris threatening surrounding areas. Schools have been closed and a major road shut as a precaution. The nation remains vigilant as scientists monitor the active volcano.

India is actively engaging with its partners and stakeholders concerning the ongoing operations at Chabahar Port. The government has upheld its financial commitment of USD 120 million to the project. Since 2018, India Ports Global Limited has managed the port. However, the US waiver on sanctions for this project expired on April 26, 2026. Additionally, India and Iran formalized a 10-year operational contract for the port in May 2024.

Snail dads: Male marine whelks, Solenosteira macrospira, undertake demanding parental roles by carrying eggs. These fathers protect hundreds of developing eggs on their shells for about a month. DNA analysis revealed males carried offspring fathered by many other males. Carrying the egg capsules imposed a significant burden, causing weight loss in the snails.

An Indian-flagged merchant vessel faced an attack off Yemen's coast on Tuesday. All thirteen Indian nationals aboard the vessel have been successfully rescued. The Ministry of External Affairs confirmed the incident and the crew's safety. New Delhi strongly condemned the targeting of commercial shipping in the region. The sunken vessel was identified as MSV Faize Noore Oliya in the Red Sea.