The Economic Times

Quote of the day by Zendaya, You may not have a special life, but you make life special, focuses on self-worth, personal power, appreciation and finding joy in ordinary moments. The quote suggests that people do not need fame or major achievements to create meaning. Daily choices, relationships, kindness and the way people view their lives can shape their happiness.

Today's Quote of the day by Charles Bukowski: Charles Bukowskis iconic quote captures the heavy weight of morning exhaustion alongside the quiet power of human perspective. The quote highlights the exact moment an individual feels overwhelmed by life, only to find strength by remembering that they have survived identical feelings countless times before.

The NCLT rejected Authum Investment's plan for Vas Infrastructure due to irregularities. The tribunal found misrepresentation of assets and misleading disclosures by the resolution professional. This significantly distorted the company's valuation and compromised the insolvency process fairness. The resolution professional's explanation for the error was rejected by the tribunal. The court's strict action emphasizes judicial review of commercial wisdom in insolvency cases.

Robert Metcalfe and Dave Boggs developed Ethernet at Xerox PARC in 1973. This technology solved the growing problem of sharing data between computers quickly. Ethernet became the world's most widely used local area network standard. Metcalfe later co-founded 3Com Corporation to manufacture networking equipment.

Several Indian family businesses received awards for their significant contributions. Serum Institute of India was honored for philanthropic leadership and saving millions of lives. Mankind Pharma was recognized as a Make in India champion for its growth. Allcargo Logistics won for excellence in digital transformation across its global operations. Inox Air Products and Balkrishna Tyres were also celebrated for their achievements.

Successful family businesses continuously adapt their business models over time. Managing investors, promoters, employees, and clients is critically important for success. Companies finding a balance among these four stakeholders achieve significant progress. Legacy, culture, and hustle create a positive multiplier effect for businesses. Segregating ownership, control, and management aids long-term family business growth.

Quote of the day by Lynn Painter: Author Lynn Painter encourages embracing life's unexpected turns. She reminds us that rigid plans can obscure amazing possibilities. Sometimes, life's detours lead to richer experiences than imagined. Painter's message emphasizes staying open to new opportunities. Disappointments can often pave the way for life's best chapters.

A parliamentary panel advised the Centre to handle Sheikh Hasina's extradition request with sensitivity. India's humanitarian tradition guides Hasina's current stay in the country. Protection of minorities in Bangladesh remains a core diplomatic engagement for India. The panel noted significant attacks on minorities until May 2025. India continues to press Bangladesh to bring perpetrators of attacks to justice.

Quote of the Day by Stan Lee: Stan Lees quote, Theres never a time when Im not working. I dont take vacations, explores the importance of passion, dedication, and finding purpose in ones work. The quote suggests that when people truly love what they do, their work becomes more than just a responsibilityit becomes a source of creativity, inspiration, and personal fulfillment. It highlights how commitment and enthusiasm can drive continuous growth, encouraging individuals to pursue their passions

Rama Kirloskar received the NextGen Business Leader award for her contributions. She credited her family's vision and commitment for the Kirloskar legacy. Her leadership drove growth and operational excellence within the Kirloskar Group. She also made Kirloskar Ebara Pumps debt-free, strengthening its financial position. Kirloskar thanked her parents and employees for their support and hard work.

The Supreme Court questioned the fairness of the selection panel for Election Commissioners. The central government argued against assuming bad faith from the Prime Minister. Justices emphasized the need for a visible show of fairness in appointments. The court noted the Chief Justice of India's inclusion in other key appointments. The bench reserved its order on referring the matter to a larger bench.

The Supreme Court ordered the Delhi government to treat protestors injured by police pellet guns. This direction came after a plea challenging the use of such weapons at Jantar Mantar. The court noted police rules permit pellet gun use in exceptional circumstances. Advocate Vrinda Grover argued no standing order mandates pellet use by Delhi police. Solicitor General Tushar Mehta acknowledged the police had protective gear.

The Central Board of Indirect Taxes and Customs is preparing a new framework that will streamline departmental appeals involving multiple states. Field formations will gain clarity on filing appeals before the GST Appellate Tribunal. Jurisdictional commissioners will independently decide on appeals for each taxpayer. A formal circular will soon be issued to implement these changes.

India's External Affairs Minister S Jaishankar spoke with Ukraine's FM Andrii Sybiha. He stated that attacks on commercial ships are absolutely unacceptable. Indian seafarers have also been targeted in the Black Sea region. India unequivocally condemns such actions by any party involved. This statement was conveyed through a post on X.

The Supreme Court has issued a notice to Punjab Chief Minister Bhagwant Mann. This notice follows an appeal filed by the Chandigarh administration. The appeal challenges a High Court decision to quash a rioting case. A bench headed by the Chief Justice will examine the matter. The court is seeking a response from Chief Minister Mann.

Jacqueline Quinn, inspired by her parents, pursued a career in science and engineering. She developed emulsified zero-valent iron, a groundbreaking cleanup technology for contaminated groundwater. This innovative system effectively breaks down harmful chlorinated solvents into harmless byproducts. EZVI significantly reduces treatment time and costs compared to older methods. Her invention, widely licensed by NASA, has decontaminated numerous industrial and government sites.

Alisha Moopen received the NextGen Business Leader award for her bold decisions. Aster DM Healthcare is now India's second-largest healthcare chain. The company operates approximately forty hospitals across twenty-seven cities. Alisha Moopen is leading an ambitious expansion drive for the healthcare sector. Her leadership emphasizes resilience and long-term building for impact.

Government of NCT of Delhi does not propose to take any further adverse action against the individuals involved in the protests, and the matter shall be treated as closed without any future proceedings on this account, the order read.

Thermax received the Sustainability Champion award at the Economic Times Family Business Awards. The company's future growth plans are now centered on sustainability and cleaner energy. Thermax offers global energy and environment solutions for various industrial needs. The award recognizes Thermax's commitment to reducing environmental footprints. This recognition solidifies Thermax's leading position in sustainable technologies.

Prime Minister Modi directed ministers to safeguard citizens and diaspora from West Asia conflict impacts. He also ordered a dedicated assistance mechanism for seafarers and their families. The government will accelerate the shift towards renewable energy sources like solar power. Cabinet ministers reviewed India's preparedness and energy product availability during the meeting.

Protests in Pakistan-occupied Kashmir highlight its unresolved legal status and economic struggles. This region is not a Pakistani province and lacks federal revenue shares. Local assemblies possess limited powers, and residents have no national decision-making role. High unemployment and inflation plague the territory, which faces severe financial stress. Despite generating electricity, residents endure frequent power cuts and high tariffs.

US oil companies and Venezuela's government face stalled negotiations over key oil assets. Companies seek fiscal guarantees and access to attractive fields, which remains unresolved. Washington encouraged investment to boost crude output amid global supply concerns. Legal uncertainty and past nationalizations deter major companies from new capital. Smaller producers are now being considered to revive production more quickly.

Japanese Proverb of the Day highlights the meaning of To come out of a desperate situation and make a complete return in one sudden burst. The saying reflects the power of resilience, determination, and the ability to overcome difficult circumstances through patience and persistence. It suggests that even when a person faces failure, uncertainty, or seemingly impossible challenges, a major transformation can still happen with the right opportunity, effort, and mindset. The proverb reminds us tha

Family businesses form India's economic backbone, contributing over seventy-five percent to the nation's GDP. These enterprises consistently outperform their peers, demonstrating enduring strength and resilience. They build value on trust and reputation, a foundation laid long before the startup era. Family businesses think in generations, not just quarters, which fosters long-term stewardship. This unique perspective ensures continued value creation and employment generation for India.

Apollo Hospitals and Muthoot FinCorp received prestigious family business awards. Preetha Reddy highlighted Apollo's commitment to accessible healthcare for all Indians. Muthoot FinCorp's chairman emphasized survival and enduring values over 140 years. Both companies acknowledged their employees and family legacies. Future growth for these businesses will depend on innovation and relevance.

Indian family businesses have grown stronger since economic liberalisation in 1991. Many predicted their decline, but these enterprises adapted and embraced new opportunities. They remain anchored in strong values and culture, contributing significantly to India's economy. EY's chairman noted their resilience and long-term vision across generations. These businesses continue to be among India's most successful companies today.

A software professional earns over three lakh rupees monthly but feels stuck. Repetitive tasks and long work hours drain his motivation and growth. He struggles to switch jobs due to insufficient time for interview preparation. Many companies are currently not hiring, adding to his dilemma. He seeks advice from others who have escaped similar career predicaments.

Quote of the day by Ana de Armas: Cuban-Spanish actress Ana de Armas champions stronger female roles on screen. She desires to portray women as intelligent and resilient, reflecting real life. De Armas believes audiences deserve to see these authentic and meaningful stories. Her career includes notable films like Knives Out and Blonde.

Psychology says people who waste a lot of food in marriage functions aren't always acting out of carelessness. Food waste at weddings can be linked to social norms, buffet design, portion size, choice, expectations and the pressure to keep food available. Research also shows that social messages and changes in serving practices can reduce plate waste.

Successful Indian family businesses identify individual strengths and plan succession early. They also rope in the best professional talent for business growth. These enterprises are not run by a dominant leader but by recognizing family members' contributions. Succession planning in family firms is often clearer than in professional companies. Enduring business families build enterprises on economic and societal contributions, not greed.

The India-EU free trade agreement negotiations focused on the Carbon Border Adjustment Mechanism. A comprehensive work plan will address concerns for small and medium enterprises regarding this mechanism. Legal scrubbing of the free trade agreement has now been completed by both sides. This pact could be signed this year and implemented starting in 2027. India and the EU will engage on taking into account carbon prices paid within India.

Psychology suggests that people who feel genuinely excited about other people's weddings are often responding to a blend of empathy, emotional contagion, social connection, and positive personal memories. Their enthusiasm is typically rooted in shared joy rather than the event itself.

Indian family businesses are entering a new growth phase. Next generations balance legacy with innovation and measured risk. Family offices now deploy capital for startups and frontier technologies. Legacy groups focus on calibrated risk-taking and manufacturing capabilities. Succession planning and adapting to new markets are key challenges.

Brazil's national football team will play India in a friendly match. This historic fixture is scheduled to take place in Kolkata on October 3. The match marks Brazil's first-ever game on Indian soil. India will face their highest-ranked opponent since 1992. This event revives Kolkata's deep connection with Brazilian football.

European soccer body UEFA and its nations reject FIFA's World Cup sale proposal. They will boycott all FIFA tournaments unless the plan is abandoned. This move creates a major governance crisis for the global soccer organization. Other confederations and player unions also criticize FIFA's lack of consultation. The decision impacts future tournaments like the 2027 women's World Cup.

True leadership requires active listening and understanding others' perspectives. This African proverb emphasizes that respect is earned through mutual exchange. Modern leaders must engage and collaborate to build trust and loyalty. Listening fosters innovation and strengthens relationships in all settings. Valuing diverse opinions leads to better and more balanced decisions.

African Proverb of the Day highlights the meaning of The day you are unlucky, even the cold food burns. The saying reflects how periods of misfortune can make even the simplest or most ordinary situations seem difficult. Using the impossible image of cold food burning, it emphasizes that when luck appears to be against you, minor setbacks can feel much bigger than they really are. At its core, the proverb reminds us that bad days are a natural part of life, encouraging patience, resilience, and

Delhi government is preparing the Land Records Bill, 2026 for property Aadhaar cards. A scientific survey of every property will be conducted across the National Capital Territory. This modern digital land records system will extend to urban areas and all property types. Authenticated digital property records will eliminate ambiguity and reduce land disputes. The bill is expected to be passed in a special session later this year.

Sumita Mitra's curiosity inspired a dental filling material from observing grape clusters. She developed nanoclusters, mimicking grapes for stronger, lifelike dental restorations. This innovation transformed teeth restoration over a decade of dedicated research. Mitra's groundbreaking work earned her induction into the National Inventors Hall of Fame. Her legacy continues to inspire future generations of scientists and inventors.

Slovenian proverb of the day: Slovenian proverb, After the hail, it is too late to ring the bell (Po toi zvoniti je prepozno) serves as a timeless warning against procrastination, inaction, and useless hindsight. Derived from ancient Alpine agricultural customs where village church bells were rung to warn communities of approaching storm fronts, this Slovenian proverb highlights the vanity of taking action after damage has already occurred.

A drone strike on Egyptian tankers has raised energy security concerns for the Suez Canal. This vital route offers a safe passage for Saudi Arabian oil exports. Houthi threats have already impacted traffic through the Bab el-Mandeb strait. Many tankers are now rerouting north towards the Suez Canal and Sumed pipeline. This shift creates longer and more complex voyages for Asian customers.

Mahindra Group has established Novavayu Aerospace Ltd as a new subsidiary. This entity will focus on manufacturing aircraft and aerospace products for defense. Novavayu Aerospace Ltd is a wholly owned subsidiary of Mahindra Defence Systems. The new company has an authorised share capital of one crore rupees. Its headquarters will be located in Mumbai.

In 1903, a woman inventor faced delays as the driver was forced to get out of the car to clean off windshield due to snow and she created the first-ever windshield wiper. Mary Anderson developed a device that allowed drivers to clear snow, rain and sleet without leaving the vehicle. Her patent was issued in 1903, but companies did not accept the invention at first.