Union Power Minister Manohar Lal today launched the Assistance For Development of Energy Effcient Technologies in Industrial Establishment Scheme, ADEETIE,  in Panipat, Haryana. The scheme aims to boost energy efficiency nationwide by offering interest subsidies on loans to help MSMEs adopt energy-efficient technologies. The Union Minister said that the main objective of the scheme is to benefit industrial units, especially those in the MSME sector. He added that the launch of this scheme comes at a time of significant change in the country. The Minister also stated that the scheme will help reduce industrial costs and promote environmental protection.

To tap into the expertise of retired scientists, the Anusandhan National Research Foundation (ANRF) — the newly constituted body for funding scientific research — has announced the Prime Minister Professorships.

Each selected Professor will receive an annual fellowship of ₹30 lakh, along with ₹24 lakh as a research grant for consumables, domestic travel, contingencies, equipment and other expenses. An overhead of ₹1 lakh per annum has also been provisioned.

The Science and Engineering Research Board (SERB), now subsumed under the ANRF, had earlier administered the SERB Distinguished Fellowship for retired scientists. That scheme offered a research grant of ₹20 lakh per annum and a monthly fellowship of ₹60,000.

Nelson Mandela International Day commemorates the birth anniversary of Nelson Mandela, South Africa’s first democratically elected president.

The day honours Mandela’s remarkable legacy, as he led a nonviolent and resilient resistance against the oppressive apartheid regime, reflecting South Africa’s bold campaign against colour bias and injustice.

He was South Africa’s first democratically elected president, serving from 1994 to 1999. Mandela’s brave 27-year prison fight and mission to protect human rights and advocate for social justice and equality for people throughout the world.

Yulia Svyrydenko, a 39-year-old economist and experienced technocrat, has been confirmed as Ukraine’s new prime minister in a major wartime cabinet reshuffle. Backed by President Zelensky, she brings years of public service — from regional economic leadership to First Deputy PM — and pledges decisive action to boost domestic defense production, audit public finances, and accelerate privatization. Her appointment signals a push to revitalize Ukraine’s military-industrial capacity and stabilize the economy amid ongoing war and a looming budget shortfall.

As Russia escalates its offensive, she faces immediate pressure to meet Zelensky’s target of producing 50% of Ukraine’s battlefield needs domestically. Svyrydenko has vowed swift fiscal reforms, deeper ties with allies, and expanded support for entrepreneurs.

Renowned actors Kranti Prakash Jha and Neetu Chandra have been nominated as state-level SVEEP icons by the Bihar Election Department. This nomination is a significant initiative aimed at strengthening the SVEEP campaign through voter awareness.

It is significant to note that actors Kranti Prakash Jha and Neetu Chandra will play an active role in various voter education and awareness activities in the state. Both celebrities will play an important role in connecting voters to the election process through various means under the SVEEP (Systematic Voters' Education and Electoral Participation) program.

Notably, the proposal for their nomination has received formal approval from the Election Commission of India.

Gujarat has become the largest producer of processed potatoes used to make crispy items like French fries and wafers, a press release said.

India, which once imported French fries, has now not only started cultivating the specific potato variety required but has also begun exporting French fries to global markets. The country is producing large quantities of processed potatoes used to make crispy items like French fries and wafers, according to the release by Gujarat CMO.

In 2004-05, the production of processed potatoes was less than one lakh tonne and was cultivated in just 4,000 hectare. In two decades, the production of the breed increased by over 10 times to 11.50 lakh tonnes in about 37,000 hectares. The area of production also increased by nine times.

Karnataka Bank has appointed Raghavendra S. Bhat as its Managing Director and CEO for three months, effective from July 16.

The appointment is subject to approval of the shareholders at the ensuing annual general meeting or within a period of three months as per SEBI (LODR) Regulations, 2015, from the date of his assuming charge, whichever is earlier, a release from the bank said on Monday.

Earlier, Mr. Bhat held key positions at the bank, including Chief Operating Officer (COO), for nearly four decades.

Fintech major PhonePe maintained its lead on the Unified Payments Interface (UPI) leaderboard, processing over 8.54 billion transactions and capturing a 46.46 per cent market share, according to data from the National Payments Corporation of India (NPCI).

Google Pay and Paytm processed more than 6.54 billion and 1.26 billion transactions, respectively, cornering 35.56 per cent and 6.90 per cent market share on the real-time payments system.

In total, 18.39 billion UPI transactions were processed in June, a minor 1.5 per cent decline from 18.67 billion transactions recorded in May.

The largest privately owned bank in Taiwan, CTBC Bank, is the latest to apply to the International Financial Services Authority (IFSCA) for setting up a IFSC Banking Unit (IBU) in GIFT City. The Taiwanese bank follows a string of banks from France and UAE who have made similar applications in the recent past.

In an application filed with IFSCA, few days ago, the bank has proposed to take up over 3100 square feet of space in Brigade Towers located in GIFT SEZ area. The CTBC Bank already has a presence in India and had established its first branch at New Delhi in 1996. In January 2025, the Financial Supervisory Commission in Taiwan granted formal approval to CTBC Bank to apply to competent authority in India for establishment of a branch in GIFT City.

The Goa government has introduced two brand-new Roll on-Roll off (RoRo) ferries named Gangotri and Dwarka on the busy Chorao–Ribandar route across the Mandovi river.

These advanced ferries will replace the old conventional boats and drastically cut travel time for daily commuters and tourists alike.

Chief Minister Pramod Sawant inaugurated the ferries, proudly calling them India’s first RoRo ferry service of this kind. “This is a big leap for Goa’s water transport. These ferries have more capacity and modern technology, making travel easier and quicker. They will help locals and attract more visitors to Goa," he shared at the launch event, as per The Indian Express.

Each RoRo ferry can carry up to 100 passengers, 15 cars, and 30 to 40 two-wheelers. The ferries cruise at 10 knots—double the speed of traditional boats. This means the journey from Chorao island to Ribandar will now take only 12–13 minutes instead of 30.