RESOURCES
Odisha cabinet approves bill to create economic region development bodies, Rs 2,995-cr scheme for tribals
Odisha's cabinet approved a bill to establish Economic Region Development Authorities for urban growth. This initiative aims to develop integrated economic corridors across the state. A Rs 2,995-crore livelihood mission for tribal households was also cleared. The Mukhya Mantri Janajati Jeevika Mission 2.0 will span five years. Six proposals from the Water Resources Department were also approved.
Chinese Proverb of the Day: “Time is money, and it is difficult for one to… — Life lessons on time management, priorities, productivity, opportunity, wise decisions and why you should make every minute count
Chinese Proverb of the Day highlights the meaning of “Time is money, and it is difficult for one to use money to get time.” The saying emphasizes that time is life's most valuable resource because, unlike money, it cannot be earned back once it is lost. It reminds us that while wealth can provide comfort and opportunities, it can never replace missed moments or recover wasted years. The proverb encourages people to value every moment, make thoughtful decisions, and use their time wisely, recognizing that how we spend our time ultimately shapes the quality and direction of our lives.
Arabic proverb of the day: 'Wealth comes like a turtle and goes away like a gazelle.' Ancient life lesson on how it takes years to build wealth, while it takes moments to spend, from an old saying
African proverb of the day: Today's African proverb reminds us that achieving financial stability is rarely an overnight process. Like a turtle's steady journey, wealth is built through discipline, persistence and countless small sacrifices made over time. Yet, a single careless decision can erase years of hard-earned progress in an instant, much like the swiftness of a gazelle. In an era that often promotes instant gratification and impulsive spending, the proverb underscores the importance of protecting one's resources through wise decisions, careful planning and responsible financial management.
ONGC plans 150 deepwater wells under Rs 84,084-crore Samudra Manthan Mission
ONGC will drill 150 deepwater wells over seven years. The Samudra Manthan scheme aims to boost domestic oil and gas exploration. This initiative will utilize advanced technologies and global specialists for faster discoveries. The government approved Rs 84,084 crore for this ambitious offshore exploration program. The goal is to strengthen energy security and reduce import dependence.
Floating solar projects to be fired up by Rs 5,000 cr scheme
The Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana with a significant outlay. This scheme aims to develop 5,000 MW of floating solar projects with energy storage. Projects will be sanctioned from FY27 to FY31, with financial support extending to FY33. It will utilize existing water bodies, eliminating land competition and strengthening grid reliability. Central aid of ₹1 crore per MW will be provided for eligible projects after commissioning.
In 1933, California began building an aqueduct that would pump Colorado River water 493 meters uphill and carry it 389 km across the desert to supply its fast-growing cities
Los Angeles faced water shortages due to its growing population in the early 1920s. Planners chose the Colorado River as a vast water source for the region. Construction of a massive aqueduct began during the Great Depression, employing thousands. This project lifted water uphill and across challenging terrain to reach coastal cities. The aqueduct remains vital today, supporting millions and highlighting past engineering achievements.
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From operational efficiency to intelligent decision-making: AI's new role for COOs
Chief Operating Officers now leverage artificial intelligence for enhanced operational efficiency. AI solutions analyze vast data, predicting outcomes and recommending proactive actions. This technology provides unified enterprise visibility and real-time disruption response. Intelligent automation enables businesses to scale efficiently and reduce operational costs. The ET Most Innovative AI Product Awards 2026 recognize these impactful AI solutions.
China school canteens turn food waste into biodiesel, compost with this smart machine; watch video
A novel system in Chinese school canteens processes leftover food into valuable resources. Students deposit food scraps into specialized machines after finishing their meals. The system extracts oil for biodiesel production and converts organic waste into compost. This innovative approach repurposes discarded food, reducing landfill waste significantly. The process creates a sustainable cycle from waste collection to resource conversion.
Vedanta Power Q1 Results: Company logs quarterly loss of Rs 449 crore
Vedanta Power has posted a standalone loss of Rs 449 crore for the June quarter, albeit with total income rising to Rs 1,844 crore in the first fiscal quarter. Power sales saw a significant boost of 38 percent year-on-year, attributed to improved generation from essential assets. The company envisions expanding its capacity to 20 GW by FY33, aiming to rank among the top three private power sector players.
Government says eligibility of generative AI services for safe harbour depends on nature of service
Government stated AI intermediary status depends on service nature and functions. The IT Act applies to computer resources and intermediaries regardless of technology. New rules strengthen intermediary due diligence for AI-generated content. Intermediaries must prevent unlawful AI content and label permissible content. Non-compliance will result in loss of liability exemption and legal action.
New Zealand grants first offshore petroleum permit since reversing exploration ban
New Zealand's government has issued its first offshore petroleum exploration permit. This action follows the reversal of a ban previously imposed by the former Labour government. Resources Minister Shane Jones stated the permit signifies the nation's openness for business. Australian company EnZed Energy received the permit for the Taranaki Basin. Several other companies have applied for exploration rights ahead of elections.
SBI, HDFC Bank seek $1.7 billion overseas to boost dollar resources
State Bank of India and HDFC Bank are raising significant dollar funds. These large Indian banks are borrowing from foreign institutions to boost reserves. The banks aim to leverage the Reserve Bank of India's special dollar attraction facility. This move allows them to attract overseas client deposits without hedging costs. Both institutions are actively participating in the international dollar funding market.
Man who sold his startup for $300 million: IIT Kanpur & Harvard alumnus shares success mantra that changed his life and reveals which resources matter most
Palash Soni, an IIT Kanpur and Harvard Business School graduate, reflected on the journey of building Goldcast, the AI-powered B2B video platform that was acquired for $300 million. He said naivety and focus were among the key strengths that helped him succeed as an entrepreneur. Soni also spoke candidly about the difficult decision to carry out layoffs and described intellectual honesty as one of the most important qualities of top performers.
Supplemental Security Income recipients to get August payment early this week: Who qualifies, why the SSA is sending money on July 31, and how much you could receive
Supplemental Security Income on July 31: Millions of Americans receiving Supplemental Security Income will get their August benefits early on Friday, July 31, instead of August. Eligible recipients include elderly individuals and people with qualifying disabilities and this early deposit is not an extra payment but an advance due to the calendar.
Quote by the day by Stephen Hawking, 'We are in danger of destroying ourselves by our greed and stupidity. We cannot remain looking inwards at ourselves on a small and increasingly polluted and overcrowded planet' serves as profound warning about human existence as earth experiences pandemics, natural changes, environmental challenges
Quote of the day by Stephen Hawking reminds us that protecting our planet and working together are not obstacles to progress—they are essential parts of it as the world continues to evolve. The future will ultimately be shaped not only by scientific discoveries but also by the choices humanity makes today. Stephen Hawking's warning remains relevant because it combines realism with hope. Humanity possesses extraordinary intelligence, creativity, and technological capability. Those strengths have enabled remarkable achievements, from space exploration to life-saving medical breakthroughs. The challenge is ensuring those same abilities are guided by wisdom, cooperation, and responsibility.
Amazon winds down most flagship AI models in strategy overhaul, Business Insider reports
Amazon is shifting its artificial intelligence strategy towards new frontier models. The company is deprecating many of its existing Nova AI models. Resources are now moving towards a new frontier-model development effort. This new flagship model is expected to debut later this year. Amazon recently trimmed jobs in its artificial general intelligence group.
African proverb of the day: 'An empty sack cannot...' Life lessons from motivational proverb on support, action, basic needs, energy limits, inner strength and self-care
African proverb of the day: The saying "An empty sack cannot stand" teaches that people need food, rest, support, and resources before they can work, learn, or help others. The proverb explains the importance of meeting basic needs first. It has appeared in African traditions, Haitian culture, Italian sayings, and the writings of Benjamin Franklin. Its message continues to guide people in daily life.
Gujarat reservoirs 54% full after widespread rainfall
Gujarat's 207 reservoirs currently hold 54% of their total storage capacity. This figure is lower than the 61% recorded on July 27 last year. Thirteen dams have reached full capacity, and twenty-one others are on high alert. The Sardar Sarovar Narmada Dam holds 69.25% of its storage capacity. Other regions show varying storage levels, with Kutch having the lowest at 25%.
Nvidia to invest $5 billion in Ilya Sutskever's AI startup
The two companies announced the deal Monday morning without disclosing financial terms. The funding will boost SSI's available computing resources, the companies said. The deal also gives SSI access to Nvidia's cutting-edge Vera Rubin hardware.
India records highest adoptions in over a decade at 5,022 in FY26; special needs adoptions rise 25%
India achieved its highest adoption numbers in over a decade during FY26. A total of 5,022 children found permanent families, marking a significant increase. Domestic adoptions accounted for the majority, while inter-country placements also saw growth. More girls were adopted than boys, continuing a long-standing trend. Efforts to streamline processes and encourage special needs adoptions contributed to this success.
Hawelia Group becomes founding member of Indian Green Building Council
Hawelia Group has joined the Indian Green Building Council as a founding member. This move highlights their dedication to environmentally responsible construction practices. The company focuses on energy efficiency and resource conservation in its projects. Their commitment aligns with the IGBC's mission to promote green building standards. This initiative aims to foster sustainable communities for future generations.
Global Market: CXMT shares soar 470% in Shanghai debut, becomes China's most valuable listed company
CXMT Corp shares surged dramatically on their Shanghai trading debut. The memory chipmaker's stock price increased by as much as 470%. This surge briefly made CXMT China's most valuable listed company. The blockbuster listing offers investors a test of appetite for the semiconductor sector. CXMT raised over $8 billion through its initial public offering.
Malaysia's resource anxiety tests Asia's fastest data centre build-out
In Johor, China's ZDATA told Reuters its data centre operates solely on treated wastewater, and it is finalising a renewable energy deal with state utility Tenaga Nasional to ease strain on the electricity grid. Japan's NTT said its data centre will employ a closed-circuit cooling system to limit water use. Bain Capital-backed Bridge Data Centres said solar energy accounts for more than half of the power supply at its operations in the state.
Japanese Mindset: 'Mottainai'- The Japanese philosophy that can change the way you think about waste and sustainability
Mottainai, a Japanese philosophy, encourages gratitude for possessions and resources. This mindset promotes mindful consumption and reduces unnecessary wastefulness. It emphasizes repairing items and finding new uses for old belongings. Mottainai influences Japanese culture by valuing transformed objects and extended lifespans. This philosophy offers a thoughtful alternative to modern consumer culture's habits.
AI adoption reshapes workflows and hiring across high-growth technology companies: Report
Artificial intelligence adoption is rapidly transforming high-growth technology companies. Many businesses are deploying AI across engineering, finance, and human resources. Most respondents feel AI will meaningfully change team operations within a year. Engineering teams show the highest level of AI adoption and usage. Data quality and system fragmentation present key implementation challenges.
ONGC starts drilling first deepwater well in Mahanadi basin under Samudra Manthan mission
ONGC began drilling its first deepwater exploratory well in the Mahanadi offshore basin. This ambitious campaign aims to tap India's vast hydrocarbon resources. The government has opened nearly one million square kilometers for exploration. Recent successes strengthen the outlook for offshore exploration efforts.
Before turning your AC lower, try these 7 cooling tricks, including using a fan
Keeping your air conditioner running efficiently involves simple maintenance tasks. Regularly cleaning or replacing your air filter ensures optimal system performance. Ensuring clear airflow around vents and the outdoor unit prevents unnecessary strain. Sealing home gaps and using fans with your AC saves energy and money. Annual professional tune-ups catch small issues before they become major problems.
South Africa's data centre 'gold rush' risks resource crunch
South Africa is becoming Africa's digital hub with expanding data centres. This growth, however, raises concerns about electricity and water resource strain. Industry leaders claim smaller scale and efficient cooling systems mitigate these impacts. Government acknowledges these environmental concerns and promotes sustainable practices. The sector remains vital for economic growth and job creation.
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