The Economic Times

Over 373,000 homes and businesses lost power due to extreme weather conditions in USA. Pennsylvania experienced the most outages, with over 70,000 customers affected by the storms. FirstEnergy and DTE Energy reported the highest numbers of customers without electricity. Many utility companies were working to restore power by Monday evening. Michigan and New Jersey also faced significant power disruptions from the weather.

Mirwaiz Umar Farooq highlighted Kashmir's extensive history, predating recent events. He stressed respecting pilgrims and local life during the Amarnath Yatra. Bans on books and ideas hinder societal growth, he stated. Dialogue between India and Pakistan is essential for peace and resolution. He advocated reviving past peace initiatives for a just outcome.

Krishna Mohan has been appointed interim general secretary of the Trust. He aims to restore public confidence and address recent controversies. Wrongdoers will face legal action through due process. Weaknesses in administrative systems will be identified and corrected. The Trust will ensure donations are used for stated objectives.

Heavy Mumbai rains have disrupted flight and train services across the city. Schools and colleges in Mumbai will remain closed on Tuesday as a precaution. IndiGo advised passengers to check flight statuses due to ongoing weather impacts. Several trains were cancelled and others diverted due to waterlogged tracks and landslides. Authorities urge residents to stay vigilant and avoid unnecessary travel.

USA vs Belgium: Charles De Ketelaere scored twice and assisted once as Belgium defeated the United States 4-1. The Red Devils advanced to the quarterfinals after a convincing performance against the co-hosts. Belgium took a 2-1 halftime lead and extended it with a second-half goal. The U.S. goalkeeper's misplay led to Belgium's third goal, which De Ketelaere assisted. Romelu Lukaku added a fourth goal for Belgium in stoppage time.

Several Indian states are expected to experience intense rainfall and thunderstorms over the coming days. The India Meteorological Department has issued multiple weather alerts for regions including Maharashtra and Odisha. Heavy showers and gusty winds are forecast across Jharkhand for the next four days. Himachal Pradesh faces an orange alert for heavy to very heavy rainfall in key districts.

The United States voiced concern over China's recent nuclear-capable missile test launch. Washington urged Beijing to engage in meaningful arms control discussions promptly. China stated the test launch was a routine annual naval training exercise. The PLA Navy mentioned notifying relevant countries about the strategic missile test. The United States remains steadfast in its defense commitments to allies.

Severe thunderstorms and high winds have killed at least eight people in China's Hubei Province. Forecasters are warning of more torrential rain and tornadoes across several other regions. Extremely heavy rainfall is expected in Guangxi, Jiangsu, and Shandong provinces. These weather events threaten agricultural crops and raise economic loss concerns. China is also monitoring Super Typhoon Bavi approaching Taiwan.

A significant fire erupted at a private company in Noida's Sector 88 early Tuesday morning. Firefighters responded promptly and successfully brought the extensive blaze under control. The fire engulfed both the ground and first floors of the closed company premises. No injuries or fatalities were reported due to the incident. Officials suspect a short circuit in an electrical panel caused the fire.

Mumbai faces an Orange Alert for heavy rain and gusty winds on Tuesday, July 7, 2026. Schools and colleges across the city will remain closed as a precautionary measure for student safety. Authorities urge citizens to avoid unnecessary travel and stay informed through official channels. Heavy showers previously lashed the city, causing disruptions to train services and affecting thousands.

A tanker traveling near Oman caught fire early Tuesday after a projectile strike. The United Kingdom Maritime Trade Operations Centre confirmed the vessel was hit while heading south. Authorities are currently investigating the incident and its cause. There were no immediate reports of environmental impact from the strike. No group has claimed responsibility for the attack, though Iran is suspected.

A bomb exploded during a National Citizen Party rally in Savar, injuring at least three people. This event occurred on the first day of a nationwide march organized by the party. The march aimed to demand a referendum and address economic issues. Former Bangladesh Prime Minister Sheikh Hasina left for India on August 5, 2024. India is officially reviewing a request for her extradition through legal channels.

Meta Platforms is leasing its excess AI compute capacity to enterprise clients. This move will reshape the rivalry between Indian tycoons Mukesh Ambani and Gautam Adani. Ambani's Reliance and Meta are partnering on a large data center project. This alliance addresses data sovereignty concerns for Indian businesses. It allows local firms to use AI without data crossing national borders.

Venezuela's twin earthquakes have claimed 3,535 lives and left thousands homeless. Nearly 18,000 people remain without shelter more than a week after the disaster. Official figures show 16,740 individuals sustained injuries from the powerful quakes. The government defends its response amid criticism of delays and inadequacy. United Nations aid operations continue to ramp up in affected areas.

Spain secured a narrow 1-0 victory against Portugal in the ninety-first minute. Mikel Merino scored the decisive goal, breaking through a resilient Portuguese defense. This win propelled the Spanish team into the tournament's quarter-final stage. The defeat marked the end of Cristiano Ronaldo's final World Cup appearance. Spain now awaits the winner of the United States versus Belgium match.

Reports from Axios indicate that Iran has fired missiles at commercial ships navigating the crucial Strait of Hormuz. This aggressive action raises significant concerns about regional stability and international shipping routes, potentially escalating tensions in an already volatile area. The incident demands immediate attention and careful monitoring by global powers.

US President Trump stated the United States will reach a deal or finish the job with Iran. Iran's Supreme National Security Council called Trump's threat delusional and spoke of respect. Indirect talks ended last week without public signs of progress toward peace. A 60-day ceasefire was intended to create space for diplomacy and revive talks. Iranians appeared defiant and united following the Supreme Leader's funeral.

FIFA President Gianni Infantino defended the sport's disciplinary process amid international criticism. He stated FIFA's judicial bodies operate independently and autonomously from external influences. President Donald Trump praised FIFA's decision to suspend Folarin Balogun's World Cup red card ban. European football body UEFA expressed disbelief and called the decision unprecedented and unjustifiable. Critics argue FIFA's actions undermine confidence in its own disciplinary system.

Shinzo Abe quote today: Former Japanese Prime Minister Shinzo Abe stressed humility when facing history. He believed politicians should defer to historians and experts on debated matters. Abe's perspective highlights the importance of seeking knowledge from those with specialized understanding.

Frances McDormand quote today: Frances McDormand advocates for a clear separation between work and personal life. She believes maintaining a normal personal existence is crucial for well-being. Professional success should not come at the expense of family and relationships.

Barack Obama's 51% Rule encourages acting on decisions with sufficient information. This principle helps overcome the fear of making wrong choices in life. Waiting for complete certainty often causes opportunities to disappear, as the article explains. The advice promotes thoughtful action and trusting one's judgment after careful consideration. This mindset fosters confidence and growth by embracing the journey ahead.

The Economic Times 40 under Forty competition is returning for its twelfth edition. A distinguished eleven-member jury will convene to select the honorees. This esteemed panel is led by Kiran Mazumdar-Shaw of Biocon Ltd. They will evaluate candidates from a large pool of over six hundred nominations. The jury will choose forty individuals for this prestigious recognition.

Multinational companies are increasingly hiring India-based leaders for global responsibilities. India's growing strategic importance and deep leadership pool drive this significant trend. Global capability centers are evolving into innovation hubs, expanding leadership mandates. Executives now combine global, regional, and local responsibilities with substantial compensation packages. Technology, financial services, and healthcare sectors are seeing this leadership shift.

In a communication to the Karnataka government, the union heavy industries ministry said a tender for electric buses under the PM E-DRIVE scheme concluded last year but letters of award for the provisioned buses are yet to be issued by the state.

The phrase 'break the ice' means easing social discomfort and starting conversations. This expression originated from ships clearing frozen waterways for safe passage. Today, it symbolizes removing emotional barriers between unfamiliar individuals. Various social situations benefit from this technique to foster comfort. Knowing how to 'break the ice' remains an important social skill.

India's competition regulator is taking a stand by appealing to the Supreme Court over a tribunals recent decision that invalidated a 300-crore penalty against Grasim Industries. This penalty related to accusations of monopolistic behavior in the viscose staple fibre market. The tribunal mandated that Grasim be given an opportunity for defense, prompting the regulator to aim for the restoration of its previous decision against the company.

Ultra Maritime will become a part of Lockheed's rotary and mission systems, which reported revenue of $17.3 billion in 2025 and employs 35,000 people worldwide. Sustained conflicts in Ukraine and the Middle East, and U.S. President Donald Trump's $1.5 trillion defense budget request for 2027 are driving up demand for weapons and military technology, pushing defense contractors to expand their capabilities.

The Delhi High Court has sought the government's response regarding a petition filed by Delhi Gymkhana Club members. The club and its staff association are challenging a show-cause notice for eviction from its Lutyens' Delhi premises. The court issued a notice to the central government and posted the matter for further hearing on July 28.

Sun Tzu quote today: Strategist Sun Tzu stressed preparation over reaction for leaders. He taught that preventing defeat is within our control through discipline. Victory often arises from enemy mistakes and our readiness to act. This principle applies to business, careers, and personal development today.

Srinagar aims to eliminate 11.5 lakh metric tonnes of legacy waste within two years. A modern integrated waste management plant will be established at the Achan dumping site. A 61 crore biomining and bioremediation project has commenced for processing existing waste. The government has approved a 361 crore integrated solid waste management project. These initiatives will address long-standing environmental and health issues in the city.

Victims of the Kota Medical College case are suffering from kidney failure after childbirth. Spurious oxytocin injections allegedly led to these severe health complications for mothers. Families have exhausted their savings and assets to cover mounting medical expenses. They are now seeking specialized treatment and financial assistance from the government.

During his Gulf tour, India's External Affairs Minister S Jaishankar engaged in discussions with Qatar's leadership regarding the US-Iran peace agreement. This visit to Doha marks the start of his four-nation trip, where he met with Sheikh Mohammed bin Abdulrahman Al Thani.

Mahindra Group views global uncertainty as a permanent business feature. The conglomerate is focusing on faster execution and calibrated investments. This strategy aims to capitalise on volatility rather than waiting for stability. The group reported its strongest financial performance in FY26. Investments will continue in new technologies, including artificial intelligence.

Recent changes in the Union Environment minister Bhupender Yadav's team have led to the removal of his private secretary and two additional secretaries. On July 3, Amar Singh returned to his parent cadre administratively, while Shailesh Kumar Singh experienced premature repatriation.

Fresh violence erupted in Manipur's Kangpokpi district on Sunday. Armed miscreants opened fire at Thingkhongjang village, injuring two people. A minor was among those injured and both were sent for specialized treatment. Civilian houses were deliberately set on fire during the attack. The district administration had assured villagers of their safety.

French proverb, You should never say, Fountain, I will never drink your water! highlights the importance of humility, open-mindedness, and preparing for life's uncertainties. The saying reflects the idea that circumstances can change unexpectedly, making today's rejected place, or opportunity essential tomorrow. It suggests that people should avoid making absolute promises or burning bridges because the future is unpredictable. Instead, the proverb encourages flexibility, respect, and the wisdom

Pakistan's Deputy Prime Minister Ishaq Dar faces intense pressure for his removal. His grandson, Muhammad Raza Dar, was arrested for abduction and rape charges. Two foreign nationals were allegedly gang-raped in Lahore after being brought to Pakistan. Politicians are demanding Dar's immediate resignation due to the serious allegations. The Deputy Prime Minister has not yet issued a public statement.

The CBI conducted searches at twenty-six locations across eleven states and Union Territories. These searches are connected to four criminal cases involving alleged misappropriation of Border Roads Organisation funds. The investigations focus on irregularities in casual labour deployment and payments for fake labourers. These alleged irregularities occurred in projects Vijayak and Yojak in Ladakh.

India is actively building relationships across the Indo-Pacific region. Prime Minister Modi's visits aim to strengthen ties with key nations. These partnerships focus on shared visions of a multipolar Asia. India seeks to enhance its strategic space and economic autonomy. This initiative underscores India's growing influence in the maritime domain.

The NIA filed charges against Hafiz Mohammad Saeed for the Pahalgam attack. Lashkar-e-Taiba and The Resistance Force were involved in the incident. This attack resulted in the deaths of twenty-six civilians last year. Saeed faces charges under the Bharatiya Nyaya Sanhita and UAPA. The agency detailed Pakistan's conspiracy and Saeed's role in its charge sheet.

The Supreme Court refused an urgent hearing for a PIL concerning alleged remarks. Justices advised the petitioner to approach the police first. The bench emphasized faith in the legal system and its processes. An influencer reportedly made derogatory comments which later went viral. The court stated parties should not bypass established legal procedures.

Government vendors will receive payments within three working days starting August. All ministries will fully switch to electronic bill processing, replacing paper documents. This move enhances ease of doing business and reduces payment delays for contractors. The government aims for end-to-end digital processing of expenditure with system-driven workflows. Each payment claim will now carry an automatically generated reference number for improved traceability.

The Shri Ram Janmabhoomi Teerth Kshetra Trust accepted resignations from key officials. Champat Rai and Anil Mishra stepped down following a preliminary report. Krishna Mohan was appointed as the interim general secretary of the trust. A committee will be formed to appoint a new chief executive officer. The trust will hold another meeting on July 22 to discuss further issues.

The Supreme Court will hear a DMK plea seeking to prevent public statements on a pending investigation. DMK alleges Tamil Nadu Chief Minister C Joseph Vijay and ministers may influence witnesses. The party cited reports of government jobs being offered to victims' families. DMK stated welfare measures are acceptable but not witness influence. The court agreed to take up the urgent matter on Tuesday.