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INSANE: 43 - The Real Truth

RBI's concessional swap facility to boost financial institutions' overseas borrowing: S&P

The Reserve Bank of India's new concessional forex swap facility is set to significantly lower borrowing costs for government-owned financial institutions, encouraging them to increase external borrowings. This move aims to attract foreign capital, bolster reserves, and support the rupee. S&P Global Ratings highlights that these government-linked entities, crucial for…

The Economic Times

PM Modi, Takaichi deepen India-Japan ties with AI, defence and multi-billion dollar bilateral roadmap

India and Japan have forged a robust partnership, pledging over $10 billion in new Japanese investments and setting a ¥10 trillion target for the next decade. Leaders agreed to deepen cooperation in AI, defense, energy, and next-generation mobility, alongside critical areas like semiconductors and resilient supply chains. This significant collaboration…

The Economic Times

In key structural shift, debt becomes the big new vehicle as Indian IT goes deal-shopping

Indian IT firms are increasingly embracing debt financing for major acquisitions, a departure from their traditional debt-free approach. This is aimed at bolstering AI capabilities, expanding market reach and accelerating growth. Companies like Persistent Systems are leveraging significant financing for strategic takeovers, reflecting a broader industry trend.

The Economic Times

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Delhi EV Policy aims to cut ownership costs, boost adoption: CM Rekha Gupta

Delhi's new EV Policy 2026 aims to make electric vehicles economically attractive for citizens. Chief Minister Rekha Gupta highlighted that the policy combines purchase incentives, scrappage benefits, and tax exemptions to significantly reduce upfront and lifetime ownership costs. Subsidies are prioritized for two-wheelers, three-wheelers, and goods carriers, benefiting middle and…

The Economic Times

Delhi govt orders CAG audit of power discoms over regulatory assets issue

Delhi's power discoms are facing a CAG audit following a massive Rs 38,500 crore in accumulated Regulatory Assets. The Delhi government ordered the "strict and intensive" probe into how these assets grew, impacting consumers through surcharges. Power Minister Ashish Sood hailed the audit as a victory for transparency and taxpayers,…

The Economic Times

FIFA World Cup 2026: Will Cristiano Ronaldo break his goalless knockout run?

Cristiano Ronaldo eyes a historic goal in Portugal's World Cup knockout clash against Croatia, aiming to break his goalless streak in this crucial stage. Having already set records for consecutive World Cup goals and becoming Portugal's all-time top scorer in the tournament, Ronaldo seeks to add another significant achievement to…

The Economic Times

NFO Alert: Invesco Mutual Fund launches equity long-short fund under its SIF platform Summit

Invesco Mutual Fund has launched Summit SIF, an equity long-short fund offering both long and limited short exposure via derivatives. The NFO closes on July 16 and targets alpha generation through dynamic strategies combining stock selection and tactical shorts, managed by Hiten Jain and benchmarked to the BSE 500 TRI.

The Economic Times

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Big wildfires hit southern France

Southern France battled a fierce wildfire on Wednesday, forcing evacuations as hundreds of firefighters tackled the blaze. Fueled by drought and strong winds, the fire consumed 800 hectares in the Herault and Aude departments. Difficult terrain hampered efforts, with water-dumping aircraft deployed. Two smaller fires also ignited near Marseille, highlighting…

The Economic Times

SIP in stocks or mutual funds: Which strategy offers better returns?

Should investors choose SIPs in stocks or mutual funds? According to Hercules Advisors founder Aditya Shah, while direct equities may offer higher returns, they demand constant monitoring and carry greater risks. For senior citizens and passive investors, diversified mutual funds with professional management and appropriate asset allocation can be a…

The Economic Times

Nearly 80% India's Chief Tech Officials say AI creating new roles not existing few years ago: Report

Indian CTOs report AI is creating new jobs and reshaping their roles, with 93% focusing on future readiness. Continuous skill-building is vital as technology adoption accelerates. A strong partnership between tech and HR is seen as crucial for workforce development, driving innovation. However, leaders face challenges balancing rapid deployment with…

The Economic Times

Adar Poonawalla Family Office invests Rs 700 crore in Inox Clean

Adar Poonawalla's family office has injected Rs 700 crore into Inox Clean Energy, This significant investment bolsters Inox Clean's integrated platform, which now includes solar manufacturing and independent power production, following a series of strategic acquisitions. The capital infusion aims to fuel further expansion, including new projects and manufacturing capacity,…

The Economic Times

Rs 1 lakh crore on crude imports will be saved by 2030, as 35 lakh EVs will replace petrol vehicles: SBI Report

India is poised for a significant electric vehicle surge, with an estimated 35 lakh petrol vehicles to be replaced by EVs between 2027-2030. This shift could slash crude oil import bills by Rs 1 lakh crore if EVs capture 20% of the market by 2030. The West Asia conflict has…

The Economic Times

Keep me away from all this, I'm an artist: Singer Diljit Dosanjh on CJP protests at Jantar Mantar

Diljit Dosanjh has clarified his stance on the Cockroach Janata Party's (CJP) protest at Jantar Mantar, stating he is an artist and not a politician. Dosanjh, who previously supported the farmers' protest, distanced himself from the current demonstrations concerning exam irregularities and the NEET paper leak, emphasizing his role in…

The Economic Times

Served 17 years, but sacked for taking leftover tea and biscuits: Jharkhand HC reinstates govt peon, calling the punishment 'disproportionate'

A Bokaro peon, Ranjeet Kumar Himanshu, has won his job back after being sacked for taking tea leaves and biscuits. The Jharkhand High Court ruled his dismissal unjust, citing a vague show-cause notice and disproportionate punishment for a 17-year employee. Himanshu will be reinstated with half back pay, ending four…

The Economic Times

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The Economic Times

IT selling nearing an end; banks and FMCG remain top bets: Neeraj Dewan

Broader markets show resilience despite IT sector weakness, with expert Neeraj Dewan suggesting investor confidence hinges on stronger company outlooks. While IT valuations are becoming attractive, caution is advised for long-term investors. Traders might see a bounce. Lower crude prices boost banking and financials, while commercial vehicles are favored over…

The Economic Times

Scientists believed 'junk DNA' served no purpose but a new study says some of it actually helps stop cancer cells from growing

Junk DNA cancer study: Researchers from Arizona State University and an international team have found that so-called junk DNA molecules, known as long noncoding RNAs, gradually evolved over millions of years to integrate into ancient cellular pathways that regulate cancer. The study, published in Science Advances, may open new directions…

The Economic Times

Finance Bill passed 'hurriedly' to give tax benefits to liquor cos: Kerala LoP Vijayan

Leader of Opposition Pinarayi Vijayan accused the UDF government of hastily passing the Finance Bill to benefit liquor companies through tax cuts, disregarding assembly rules. He alleged Chief Minister VD Satheesan was determined to grant these tax benefits, which he believes will lead to increased liquor availability. The Assembly approved…

The Economic Times

Cafe 'owned' by TMC leader's son demolished for being built on 'encroached land'

A cafe allegedly built on encroached land belonging to the son of TMC leader Saokat Molla was demolished in West Bengal's South 24 Parganas. Authorities acted after the family failed to remove the "illegal" structure, Aranayer Kule, on Matla river sandbanks despite repeated notices. The district administration followed government norms…

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The Economic Times

GST on subscription ride-hailing platforms like Rapido and Bharat Taxi may hit driver earnings: Report

A new report warns that extending GST to subscription-based ride-hailing platforms like Rapido could significantly impact drivers and passengers. The study suggests this move might lower driver earnings, discourage participation, and reduce passenger demand. Drivers prefer predictable costs and greater control, while passengers are price-sensitive. The report advocates for a…

The Economic Times

Adani Enterprises, Odisha govt sign pact for Rs 1.08 lakh crore aluminium plant with IHC

Adani Enterprises is set to invest a massive Rs 1.08 lakh crore in Odisha for a new greenfield aluminium project, in partnership with Abu Dhabi's IHC. This significant venture aims to boost India's aluminium production by nearly 50%, featuring a large-scale refinery, smelter, and downstream park. The project, supported by…

The Economic Times

BJP's Boora Narsaiah Goud claims 'family rule' triggered expected split in TMC

BJP leader Boora Narsaiah Goud asserted that the Trinamool Congress's internal turmoil was predictable, citing alleged suppression under Mamata Banerjee's leadership. He claimed a significant number of MLAs and MPs have broken away, forming a 'real TMC' due to a lack of freedom. This internal crisis intensified after a large…

The Economic Times

Studying in Australia gets costlier for international students as government raises visa fee

Australia has significantly hiked visa application fees for international students and post-study work, sparking outrage from the education sector. The substantial increases, effective July 1, 2026, make Australia considerably more expensive than rivals like the UK, US, and Canada. Experts warn this move will cripple the nation's competitiveness and international…

The Economic Times

Hindu Succession Act: When a woman’s property may go to her husband's legal heirs before her own parents

Indian law governing a woman's property after her death without a will prioritizes her husband's heirs over her own parents. This outdated Hindu Succession Act, despite societal shifts where daughters are primary caregivers and financial supporters, leaves natal ties secondary to marital ones. While wills offer a solution, legislative reform…

The Economic Times

Cops take Siya to Pune site where Ketan's 'murder plot' was rehearsed

Pune police have taken Siya Goyal to Lohagad Fort, where she rehearsed pushing her fiancé, realtor Ketan Agarwal, off a cliff. Goyal and her alleged lover, Chetan Chaudhary, are accused of the murder, which occurred on June 18. Investigators recovered clothes Goyal reportedly wore that day. The couple allegedly eliminated…

The Economic Times

EPFO's new social security rules tighten claim timelines, mandate digital compliance

New social security schemes under the Code on Social Security are now in effect, prioritizing digital compliance and faster claim settlements for provident fund, pension, and insurance. EPFO officials face a 12% annual penal interest for delays exceeding 20 days without valid reasons. Contribution structures remain unchanged, with a focus…

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