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Psychology says people who read bedtime stories to their kids aren't simply helping children fall asleep. Research suggests this daily habit can support empathy and creativity. A study found that children who followed a bedtime reading routine for two weeks showed improvements in both areas. The findings explain how shared reading, conversations about stories, and regular family interaction help children understand emotions, imagine new ideas, and build skills that support learning and relationships.
Scientific analysis of 23,000-year-old footprints at White Sands National Park in New Mexico has strengthened the case for an unexpectedly early human presence in the Americas. Using fossilised pollen and quartz grain dating alongside earlier radiocarbon methods, researchers say multiple independent lines of evidence now point to the same ancient timeline.
Baruipur rape-murder case: Bengal CM Suvendu Adhikari meets victim's family
West Bengal Chief Minister Suvendu Adhikari met the parents of an 11-year-old girl allegedly raped and murdered in Baruipur, assuring them of strict action and capital punishment for the culprits. The victim's body was found on Sunday, leading to protests and the subsequent lynching of a man suspected of involvement. A Special Investigation Team has been formed to probe the incident, with three arrests already made.
Ram Temple Trust clarifies Champat Rai, Anil Mishra have ceased to be members
The Shri Ram Janmabhoomi Teerth Kshetra Trust accepted resignations from Champat Rai and Anil Mishra. Krishna Mohan was appointed interim General Secretary, with a permanent decision pending. Gopal Nagarakatte was also removed from the specially invited members list. Seers expressed mixed reactions to Champat Rai's departure from the trust. The trust plans to strengthen administrative and financial systems following these changes.
India, Indonesia sign health, education pacts; IIM Bangalore to open campus in East Java
The IIM Bangalore campus will be set up at the Singhasari Special Economic Zone in Indonesias East Java province
Raising the bar: Saying it with chocolates, from pastries to perfume
Chocolate is a versatile ingredient celebrated for its intricate taste and diverse forms. It's integrated into an array of products, from beauty and skincare to unique savoury dishes. Brands harness chocolate's popularity to elevate various culinary experiences. In India, it's particularly influential in gifting and mithai traditions, while also finding its way into innovative cocktails and aromatic fragrances, proving its universal allure.
DP World's marine services business acquires container vessel to boost coastal shipping capabilities
DP World's Shipping Solutions acquired the container vessel DP World Indus. This acquisition strengthens its coastal shipping capabilities within the domestic Indian market. The vessel supports cargo movement, reducing road network pressure and promoting sustainable supply chains. DP World's network now spans fourteen ports with a dedicated fleet of ten vessels. This investment aligns with DP World's strategy to enhance India's logistics and maritime infrastructure.
Maersk, Hapag-Lloyd shift Gemini Asia-Europe service back to Suez route
The move replaces the longer Cape of Good Hope route, reducing transit times between Asia and the eastern Mediterranean, although the companies said the decision remains subject to regional security conditions
India's office market recorded its strongest quarter with gross leasing of 24.6 million sq ft
India's office market recorded its strongest quarter ever in Q2 2026. Gross leasing reached an all-time high of 24.6 million square feet. Developers matched this pace with 21 million square feet of new completions. Global capability centers and flexible space operators drove significant leasing activity. This strong momentum is expected to continue throughout the remainder of 2026.
MakeMyTrip Launches OneCircle, a Global Rewards Program With 13,300+ Accommodation Properties
MakeMyTrip has launched its new global rewards program called OneCircle. This program connects over thirteen thousand accommodation properties across one thousand cities worldwide. Travellers will earn a minimum of ten percent back on accommodation spending as reward points. Three in four participating properties are located in tier two and tier three Indian cities. This initiative aims to make every trip more rewarding for travellers and partners.
Kriti Sanon recently revealed that she froze her eggs before gaining 15 kg for Mimi, saying she did not want to feel pressured by her biological clock. Following her revelation, a gynaecologist spoke to ET and explained the egg-freezing process, the ideal age, common side effects, and important facts women should know. Read on!
Digital arrest scams cost Indians 4,000 crore since 2022: How fraud works and ways to stay safe
Digital arrest scams have cost Indians more than 4,000 crore since 2022 as fraudsters impersonate government officials to steal money. Check how these scams work, key complaint figures, warning signs, and practical safety tips to protect your savings from the growing threat of cyber fraud.
Tata Group-owned IHCL signs 20 hotels in Q1, says poised to achieve 700-hotel portfolio by 2030
Indian Hotels Company Ltd signed twenty new hotels during the first quarter. The company is well poised to reach seven hundred hotels by the year 2030. Seventeen of these signings focused on growth brands like Gateway and Ginger. Taj also reached a milestone of one hundred fifty hotels with three new signings. IHCL expanded its operating portfolio to over three hundred eighty hotels globally.
BHEL collaborates with thyssenkrupp nucera India
Bharat Heavy Electricals Limited has partnered with thyssenkrupp nucera India for local manufacturing. This collaboration focuses on alkaline electrolyser systems for green hydrogen projects. The agreement aims for phased indigenisation and local production of these critical components. BHEL's project execution capabilities for green hydrogen will be significantly strengthened. This initiative supports India's National Green Hydrogen Mission and the Make in India program.
Gold fever breaks, leaving silver linings for singed investors
As speculative hype fizzles out and global central banks slow their purchases, the sharp drop in gold and silver highlights the danger of trading commodities for short-term gains.
Australia suspends 60% of Indian fumigation service providers
Suspension of 44 service providers follows a biosecurity audit, which is carried out continuously
MSDE approves Rs 1,237 crore investment plans for upgradation of ITIs in Odisha, Gujarat, Telangana
The 4th national steering committee under the under the Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU) scheme, on Tuesday, also approved the nationwide roll-out of the scheme to all 200 ITIs, enabling states and union territories to take up implementation based on industry readiness and implementation capacity.
Telugu movie Nagabandham is currently running in theatres. The film has maintained a stable box office performance since its release. Its cumulative India net collection has reached an estimated Rs 9.47 crore. International earnings have also contributed to its worldwide gross collection. Read on to know where it will stream online after its theatrical run.
5 Skills every mid-career professional needs to learn in 2026
The workplace is evolving faster than ever, and experience alone is no longer enough to stay ahead. From AI leadership to strategic decision-making, here are five skills every mid-career professional should develop in 2026, and the ET Masterclass that can help build them.
Premier Energies bags Rs 3,011 crore solar orders in June Quarter
Premier Energies secured orders valued at Rs 3,011 crore for solar cells and modules. These contracts are scheduled for delivery across fiscal years 2027 and 2028. The company will supply 1,846 MW of solar cells and modules to various clients. Premier Energies currently possesses significant manufacturing capacities for solar modules and cells. The firm is also investing Rs 6,000 crore to expand its integrated solar operations.
India's auto component sector grows 12.7% in FY26, but imports outpace exports: ACMA
India's auto component industry saw strong growth in FY26, driven by OEM supplies and aftermarket expansion. Exports increased by five percent, while imports rose thirteen percent, widening the trade deficit. Supplies to the electric vehicle segment accounted for a notable portion of OEM sales. Geopolitical uncertainties and raw material price volatility present challenges to the sector. Government initiatives and infrastructure development offer significant growth opportunities for the industry.
Tata Power targets Rs 1 lakh cr revenue by 2030, reveals key update on nuclear plans
Tata Power aims for Rs 1 lakh crore revenue and Rs 10,000 crore profit by 2030. The company will expand its solar manufacturing capacity by adding a new 10 GW project. Tata Power is also open to entering the nuclear power segment with small modular reactors. It plans to expand distribution footprints in states proposing privatization. The energy network currently serves over 13.1 million distribution customers.
GIFT City partnered with Vietnam's VIFC-DN to share financial hub development knowledge. This collaboration will focus on financial services and digital innovation. The Indian financial center also signed MoUs with Tata Communications. These agreements aim to boost GIFT City's appeal for global businesses. Additionally, CEPT University will collaborate on research and urban planning initiatives.
Top 5 money market funds based on 1-year returns: Union Money Market Fund leads with over 6% return
Money market funds invest in money market instruments with a maturity of up to 1 year. Based on one-year performance, Union Money Market Fund has emerged as the best-performing scheme in the category with a 6.63% return, followed by LIC MF Money Market Fund and Bank of India Money Market Fund.
Today's love proverb of the day shows that passionate romances can be exhausting due to intense closeness. True intimacy requires sharing life without losing personal identity. Proverbs warn against becoming too consumed by another person. Maintaining separate interests fuels long-term relationship sustainability. Protecting individual sparks is essential for modern relationships.
India breaks into China's steel box monopoly after costly lesson
India has launched its first export-import (EXIM) shipping container for global deployment, marking its entry into a sector overwhelmingly dominated by China, which controls about 90-97% of global container manufacturing.
Today's modern proverb of the day shows that true impact comes from quiet focus and diligent work, not loud self-promotion. Success is built through sustained effort and internal motivation, not external validation. Relationships thrive when individuals maintain autonomy and personal space. Shared passion can accelerate depletion if boundaries are not respected. Balancing togetherness with individuality ensures long-term fulfillment and connection.
Indian consumers now prioritize protein content and natural sweeteners in their snack selections. Quick commerce and ingredient transparency are reshaping how brands are discovered and trusted. Parents are willing to pay more for healthier snack options for their children. Women are seeking snacks tailored for period nutrition, creating new wellness opportunities. Packaging convenience and sustainability are increasingly influencing consumer purchase decisions.
Maharashtra will require domicile certificates for driving licences starting August 2026. This new policy aims to streamline the entire licensing process effectively. The government is also addressing unauthorized bike taxi services currently. A regulatory framework is being developed to legalize and manage this sector. This initiative will generate state revenue and create youth employment opportunities.
7 income tax limits every taxpayer should know to avoid notices and penalties
Tax compliance goes beyond filing your income tax return on time. Several provisions under the Income Tax Act, 1961, set limits on cash transactions and high-value financial dealings. Staying within these limits can help taxpayers avoid penalties, scrutiny and unnecessary legal complications.
Wayanad landslide: Eyewitness urges people to 'run fast' as mound of mud comes down
A significant mudslide hit the Kalladi region of Wayanad, Kerala, during a tunnel road project, forcing locals to flee as mud cascaded over the roads and bridge. Rapid response teams, including NDRF personnel, have been dispatched to aid the situation. This disaster, resulting from relentless rains, has disrupted the Anakkompoyil-Meppadi route. Rescue efforts are ongoing to check for possible victims buried under the debris.
India to help conserve ancient Prambanan temple in Indonesia, PM Modi to launch project tomorrow
Prime Minister Modi will launch a conservation project for the ancient Prambanan Temple. This initiative highlights the deep cultural ties connecting India and Indonesia. The Archaeological Survey of India is partnering for temple restoration and conservation efforts. The upcoming year is declared the 'Tagore-Dewantara Year of Cultural and Educational Diplomacy'.
'Very happy for the team', says Suryakumar Yadav; sends message to Vaibhav Sooryavanshi
Suryakumar Yadav supports Vaibhav Sooryavanshi after his international cricket debut. The 15-year-old became India's youngest T20I player, surpassing Sachin Tendulkar. Yadav wished the young player an exciting journey ahead. He encouraged Sooryavanshi to enjoy every moment and make the country proud. Yadav himself was previously dropped after a lean batting period.
Sourav Ganguly joins hands with insurtech platform
Former India captain Sourav Ganguly is now a brand ambassador for InsuranceDekho. This partnership highlights his fearless leadership and team-building qualities. The campaign will feature a new television commercial across various platforms. Insurance advisors on the platform will be encouraged to 'Khul Kar Khelo'. This initiative aims to connect with a wider audience through engaging content.
Reality bites: Congress criticises Modi govt after Indias passport ranking slips to 125th
Tarc Ltd reports Rs 602 crore pre-sale during Q1FY27
Tarc Limited reported sales of Rs 602 crore and collections of Rs 305 crore. The company's quarterly pre-sales increased threefold year-on-year. Collections also saw an eighty percent growth, reflecting strong demand. This performance supports construction progress and future luxury developments. Tarc Limited remains focused on execution and customer experience for growth.
England vs India 3rd T20I Playing 11: Will India make changes? IND vs ENG predicted XIs here
ENG vs IND 3rd T20I Playing 11: India will look to level the five-match T20I series when they face England at Trent Bridge in Nottingham. Check the predicted playing XIs, confirmed England XI, team news, full squads and match preview.
President Murmu unveils & flags off the Durand Cup trophies for the 2026 Tournament
Serentica Renewables inks pact with SECI to supply power from 600 MW FDRE project
Serentica Renewables proudly announces its new power purchase agreement with SECI, dedicated to a groundbreaking 600 MW Firm and Dispatchable Renewable Energy project. Notably, it achieved the largest allocation in the competitive SECI auction. This innovative project ensures electricity provision during non-solar hours, effectively addressing peak demand while significantly cutting down annual carbon emissions, contributing positively to the environment.
India-origin battery tech powers Offgrid's first UK manufacturing facility
Offgrid Energy Labs has launched its first UK pilot manufacturing facility for its India-developed ZincGel long-duration batteries. The 10 MWh plant marks the commercial scale-up of the company's proprietary zinc-bromine technology. Offgrid aims to serve global energy storage markets while expanding manufacturing of India-origin battery innovation through an international production network.
Australia's teen social media ban fails to clear first hurdle in age checks, says study
Australian online platforms are failing initial age checks for a teen social media ban. Studies show most under-16s can still access platforms despite new laws. Platforms did not ask for age proof on fifty test accounts opened after the law. Only one Australian platform refused account creation without age verification. The government is now doubling fines and warning of court action against tech giants.
Entrepreneur and influencer Anshula Kapoor, daughter of film producer Boney Kapoor and sister of actor Arjun Kapoor, married screenwriter and director Rohan Thakkar on 6 July 2026 at Taj Lands End in Mumbai. The couple met on a dating app in 2022 and got engaged in New York in October 2025.
Quick commerce to outpace overall digital commerce growth in 2026: Equirus Report
India's quick commerce segment is set to remain the fastest-growing part of the country's digital retail market in 2026, expanding at more than twice the pace of overall digital commerce as companies continue to invest in dark-store networks and rapid delivery infrastructure, according to an Equirus report.
IMD: Heavy rains lash Gujarat, Konkan, Costal Karnataka, Madhya Maharashtra
Mondays depression weakens into well-marked low-pressure area, set to weaken further, as rains head north and east towards Himalayan foothills
Ram Kapoor recently confessed to being a playboy before marrying Gautami Kapoor in 2003. He admitted that Ektaa Kapoor warned Gautami before their marriage. Ram stated his life changed significantly after their wedding ceremony. He has remained faithful to Gautami since their marriage began. The couple met on the television show Ghar Ek Mandir. Read on to know what she said.
Saudi Arabia mulls big new plan, eyes post-war oil route reset to bypass volatile Hormuz
Saudi Arabia is considering expanding its crude oil pipeline capacity. This move aims to bypass the Strait of Hormuz for exports. Neighbouring countries like Kuwait are also in talks for pipeline access. The expansion could accommodate an additional two million barrels daily.
Interviewers often ask about marital status, which can negatively impact job prospects. Career coach Simon Ingari advises against direct answers to such personal inquiries. Instead, candidates should politely redirect the conversation to job responsibilities and expectations. This approach maintains professionalism and focuses on relevant qualifications for the role. Reassuring employers about availability and commitment addresses their practical concerns effectively.
Psychology explains how colors influence your emotions, mood, and buying decisions
Color psychology subtly influences human emotions and decision-making processes. Businesses and designers leverage these effects to create stronger consumer connections. Color significantly impacts first impressions and brand recognition for products. Clothing colors can also affect personal confidence and individual performance. Understanding color's psychological impact aids informed choices in daily life.
US in talks on Europe missile co-production, source says
The United States is discussing missile co-production with European allies. Germany and other nations are considering a maintenance facility for Patriot missiles. These projects aim to increase production capacity for American defense giants. High demand for missiles stems from the ongoing conflict in Ukraine. Both countries will sign a statement of intent at a NATO forum.
While India is building domestic capabilities in chip fabrication, packaging and testing, execution remains its biggest challenge due to heavy dependence on imported equipment and supply chain gaps, according to a report by Equirus Securities.
Only 8% of Indians watch movies in cinemas, says Cinepolis India MD
Did June just mark a new turning point for India's car market?
India car sales June data: As manufacturers continue to widen alternative-fuel offerings and supporting infrastructure improves, their share in India's passenger vehicle market is expected to rise further over the coming quarters.
India's Semicon 2.0: Government expands incentives for semiconductor ecosystem beyond fabrication
India is finalizing Semicon 2.0, expanding incentives beyond chip fabrication. This new phase will support the entire semiconductor value chain. It will also strengthen incentives for chip design startups and material suppliers. Building a domestic supply chain is central to India's semiconductor strategy. This initiative aims to reduce import dependence and enhance resilience.
Actress Jessica Alba's old relationship advice is making rounds on the internet. She shared that difficult relationship times are not permanent and that partners can reconnect. This message encourages patience and honest communication during challenging periods. Read on to know what this quote teaches us about hope and relationships.
Vatika Hotels refinance Rs 550 crore debt with Kotak
Vatika Hotels has refinanced Rs 550 crore debt with Kotak Mahindra Bank. This move marks the exit of India Special Assets Fund III from the company. The hotel owner experienced financial stress during the Covid-19 pandemic. Vatika Hotels' debt has significantly declined after restructuring and equity infusion. The company now holds a BBB investment-grade rating, reflecting improved financial health.
Milk has 125mg calcium, but these 6 everyday Indian foods have even more, says Delhi nutritionist
According to Delhi-based nutritionist Lovneet Batra, Indian superfoods can provide significantly more calcium than milk. Sesame seeds, ragi, and rajgira are excellent plant-based calcium sources. Drumstick leaves and dried figs also offer substantial bone-strengthening minerals. Kidney beans are a delicious and nutritious legume for bone health. Diversifying diets with these regional staples supports skeletal wellness.
Our inflation and interest rates now depend more on monsoon than crude oil
With crude prices cooling after the West Asia truce, the monsoonand its impact on food inflationmay become the biggest factor shaping RBI's interest rate decisions in the months ahead.
Scorching summer puts ACs in the driver's seat for Q1 consumer durables sales: Report
The consumer durable sector anticipates a robust first quarter in fiscal year 2026-2027. Strong summer demand and a favorable base are expected to drive significant sales growth. Room air conditioners are projected to lead this expansion with substantial value increases. Washing machines and televisions will also see healthy growth supported by price adjustments. Despite operational challenges, the sector's financial performance is showing signs of recovery.
Health insurance proposal form: Step-by-step guide to filling it correctly and avoiding claim issues
Fill a health insurance proposal form correctly with this step-by-step guide. Understand required details, medical disclosures, nominee information and important checks to avoid claim problems while ensuring smoother policy approval and better financial protection for you and your family.
Quote of the day: Today's quote of the day by Hollywood actress Katie Holmes shows her belief that no single life moment should define her identity. She shared these thoughts in a 2014 interview with People magazine. Holmes reflected on her life and career choices after her divorce. She advocates for personal autonomy and self-determination in life. This perspective remains relevant in today's digital age.
Star Plus bets big on premium non-fiction as broadcasters chase new audiences, advertiser interest
Star Plus is strategically re-entering premium non-fiction programming after a long hiatus. The channel has launched India Ke Top 1%, an adaptation of a global quiz show. This move aims to attract wider audiences and deepen viewer engagement. Non-fiction formats offer richer integration opportunities for advertisers and brands. The channel will evaluate future non-fiction investments based on audience reception.
Indonesia, World Bank prepare green economy program for villages
Indonesias Ministry of Villages and Development of Disadvantaged Regions is partnering with the World Bank to ...
Wheat products promotion body to host 2-day meet on value chains at Varanasi
The conclave from July 9 is is expected to be one of the biggest wheat industry gatherings of the year in the country
Kriti Sanon pursued acting after completing her engineering degree. She moved to Mumbai without industry connections, taking a significant career risk. She has since become a National Award-winning actress and entrepreneur. She is now a prominent self-made star in the Hindi film industry. Read on to know more about her journey and biggest strength in this.
India has completed its nationwide E20 petrol rollout, which raises concerns for older vehicles. ARAI tests showed mixed results for four-wheeler engines using E20 fuel. Two-wheeler durability tests indicated acceptable performance with E20 fuel. Automakers state E20 is safe for existing vehicles after extensive testing. Higher ethanol blends like E25 could present greater challenges for the automotive industry.
Karnataka minister Eshwar Khandre denies forest land real estate on HMT property
The News Mill
IndiaUK trade deal to make imported Scotch whisky cheaper: Prices may drop 510% for Indian consumers
The IndiaUK FTA is set to come into effect on 15 July. One of the biggest takeaways for Indian consumers is the gradual reduction in prices of imported Scotch whisky and gin. Under the agreement, tariffs on imported whisky and gin will be cut from 150% to 75% initially and further reduced to 40%.
For AY 2026-27, the earlier Other Exempt Income field in Schedule EI has been removed. In its place, the department has now introduced a new reporting option titled Receipts not in the nature of income.
Broadcasters, streamers step up investment in premium non-fiction content
Indian broadcasters and streaming platforms are significantly increasing investment in premium non-fiction content. Unscripted programming now accounts for nearly thirty percent of all content across platforms. Companies are betting on reality and comedy formats to attract viewers and build franchises. Netflix and Prime Video are expanding their unscripted content with homegrown and international shows. Broadcasters like Star Plus and Sony are also strengthening their non-fiction offerings to boost viewership.
India's fuel consumption drops 3.7% in June from previous month
India's fuel consumption fell approximately 3.7% in June from the previous month. Liquefied petroleum gas consumption saw a significant year-on-year decrease of over fourteen percent. Gasoline sales were down month-on-month but showed annual growth, while diesel consumption rose annually. Naphtha sales experienced a substantial year-on-year drop, and fuel oil usage also declined. Windfall taxes on certain fuel exports were adjusted by the government last month.
HSBC pulls back from risky credit after bankruptcy scare, FT reports
HSBC is reportedly scaling back its involvement in riskier private credit deals, according to the Financial Times. This strategic shift indicates a move towards a more cautious approach in the private credit market, signaling a potential change in the bank's lending appetite for more speculative investments.
Gold and silver prices today, 7 July: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
RIL expands CBM production contract worth Rs 163 crore with SWPE
Reliance Industries Limited has extended its Coal Bed Methane production contract with South West Pinnacle Exploration. This awarded work is expected to generate revenue from the second quarter of FY 2026-27. South West Pinnacle Exploration also received a separate contract from CMPDI for exploration services. This pact valued at Rs 5.89 crore will strengthen SWPE's order book. The exploration work is scheduled for completion within 180 days.
New EPF Scheme 2026: Know withdrawal frequency limits for essential, housing and special needs
Under the EPF Scheme, 2026, withdrawals have been simplified into three categories: essential needs, housing needs and special circumstances.
Founder of Brookfield-backed Avaada seeks $750 million loan
Avaada Group founder Vineet Mittal plans to borrow $750 million from global lenders. This new financing will refinance the company's existing $1 billion credit facility. Several international banks are in talks to underwrite this significant debt deal. Avaada Group is also considering an initial public offering for its solar cell unit.
Supergirl movie opened to disappointing box office numbers globally. The film is reportedly heading to digital platforms less than a month after release. This early digital debut follows its weak theatrical performance worldwide. Despite struggles, premium formats like IMAX showed strong audience engagement. Read on to know more about digital release DC's latest superhero movie.
Under the EPF Scheme 2026, members must submit a fresh nomination after marriage, as earlier nominations become invalid. While nominating a spouse is optional, updating nominations ensures eligible family members receive EPF benefits without delays or legal complications.
The 8th Pay Commission is reviewing salaries, pensions and allowances for central government employees and pensioners, with the fitment factor remaining the key focus. Experts expect it to range between 1.90 and 2.86.
South cinema is bringing an exciting mix of fresh OTT releases in the second week of July. From the murder mystery Parmila & Co and Ram Charan's sports drama Peddi to the football documentary Land of Football and action drama Balti, viewers can stream a variety of movies and shows across Netflix, ZEE5, Prime Video, JioHotstar and SonyLIV. Read on to know when and where to watch them online.
Cristiano Ronaldo once credited his difficult childhood experiences for his immense mental strength. He learned independence and responsibility from a very young age. These early struggles shaped his ability to manage immense pressure. Meanwhile, on Monday night, Cristiano Ronaldo's FIFA World Cup journey came to an emotional end after Portugal's defeat to Spain. Read on!
Vehicle retail sales reached a record high in June, showing a significant year-on-year increase. This robust growth was supported by strong demand across various vehicle segments. Improved supplies and easing crude oil prices are expected to sustain this positive momentum. Two-wheeler sales saw a notable rise, with electric models gaining significant market share. Rural markets demonstrated strong traction in commercial vehicle sales, indicating broad economic recovery.
Private banks saw stronger deposit growth than public sector lenders in the June quarter. Public sector banks, however, achieved faster credit expansion during the same period. This divergence raises concerns about funding sustainability for state-run institutions. Private banks have steadily gained market share in deposits over a decade. Credit growth between the two bank types showed convergence in the recent quarter.
Quote of the Day by Mother Teresa highlights that emotional isolation can be more painful than material poverty. Through her lifelong service to the poor, Mother Teresa stressed that love, compassion and human connection are essential to a meaningful life. Her timeless message continues to resonate as loneliness and mental well-being become growing concerns across the world.
ET Graphics: Crude oil retreats, but India's fuel bills stay up
China has reduced fuel prices, mirroring pre-war levels as crude oil costs decline. Indian private retailer Nayara Energy also cut its fuel rates recently. State-run firms have not yet followed suit after substantial first-quarter losses. These companies incurred nearly seventy-five thousand crore rupees in losses. This situation arose due to delayed fuel price adjustments by the government.
Auto companies may soon get to trade BEE credits for easier fuel-efficiency compliance
The power ministry has introduced a new credit trading system aimed at Corporate Average Fuel Efficiency standards. Under this initiative, manufacturers can trade excess compliance credits and purchase them from the Bureau of Energy Efficiency. The framework includes credit and debit accounting, allowing manufacturers who surpass targets to earn credits, while those who don't accumulate debits.
NTPC gets into action to develop mega PWR-based nuclear projects
NTPC plans to develop nuclear power capacity using pressurised water reactor technology. Global consultants are invited to prepare tender documents and evaluate bids. This initiative follows the promulgation of the SHANTI Act, allowing private sector participation. NTPC aims to build thirty gigawatts of nuclear capacity on its own. The company is also exploring tie-ups with Rosatom and EDF for PWR projects.
Bharat Petroleum to expand retail offerings, EV charging network
Bharat Petroleum Corporation Ltd is investing significantly to expand its retail offerings. The company aims to increase its market share by 2030. BPCL is expanding its electric vehicle charging network across major highways. It is also scaling up its Drive Fresh and Be Cafe initiatives. This strategy seeks to make travel more convenient for customers.
Regulator seeks views to curb similar sounding drug brands
The Central Drugs Standard Control Organisation in India is inviting public contributions concerning new regulations aimed at curbing the sale of various medications under similar brand names, which can mislead both patients and pharmacists about their contents. As part of this initiative, the drug regulator has released a notice for stakeholder observations, with a deadline for comments set for July 17 to ensure improved safety and trust among patients.
India, EU aim to complete FTA legal scrubbing in 15-20 days, says Piyush Goyal
Goyal will visit Spain, Belgium and Finland on July 14-15 with a delegation of business leaders as part of preparations for implementing the trade pact. He is also scheduled to meet EU Trade Commissioner Maros Sefcovic in Brussels. We have already started marketing Indian goods and services so that we are future-ready to get the best out of the FTAs that we have finalised, Goyal said at an event organised by the Council for Leather Exports.
