Why Pete Hegseth fired US Army Chief amid Iran war

US Defense Secretary Pete Hegseth has asked Army Chief of Staff Randy George to step down and retire, a US official told NPR. 

Trump has made significant changes to the White House, using it as a venue for various events such as UFC fights and a Tesla showroom. Recently, the lawns were transformed into a motorcar-racing circuit, with Trump hosting IndyCar drivers and receiving his own Grand Prix helmet. This was a preview for the upcoming Freedom 250 Grand Prix.

Liang Wenfeng, founder of Chinese AI company DeepSeek, has become the world's richest AI founder with a net worth of $36 billion. This was achieved through a recent funding round that boosted his net worth by $19 billion. Other top AI founders, such as Sam Altman of OpenAI and Dario Amodei of Anthropic, have significantly lower net worths.

Motilal Oswal has recommended 'Buy' ratings on five companies, including HCL Technologies, Grasim Industries, ICICI Prudential Asset Management Company, Indian Hotels Company, and L&T Finance. The target prices for these stocks imply an upside of 17% to 20% from current levels. Motilal Oswal's positive view on these stocks is based on factors such as strong revenue performance.

A new expressway between Agra and Gwalior is set to reduce travel time from 3 hours to 1.5 hours. The six-lane project, costing Rs 4,600 crore, will also improve connectivity between Delhi and Gwalior. It is expected to boost tourism, ease daily commutes, and support development in the region by reducing traffic congestion and providing better road infrastructure.

India's wholesale price inflation rose to 9.87% in June, driven by higher prices of food items, petroleum products, basic metals, and chemicals. Food inflation accelerated, with the WPI Food Index reaching 6.14%. Fuel and power inflation remained high at 27.41%, while inflation in manufactured products remained unchanged at 7.48%. Output and input prices also continued to rise.

Andy Burnham is likely to become the United Kingdom's next Prime Minister after winning overwhelming support from Labour Party MPs, leaving him as the only candidate in the leadership race. 

East Coast Railway has announced special trains on demand between Shalimar and Puri, and Badampahar and Puri to make travel easier for devotees attending the Rath Yatra 2026 at Jagannath Dham. The trains will operate on selected dates, stopping at key stations along the route, providing additional travel options and managing the expected rush of devotees.

TCS and HCLTech entered FY27 with booming AI businesses and billion-dollar deal wins, but revenue growth remains subdued. TCS posted 0.4% sequential constant-currency growth, while HCLTech slipped 0.5%. With AI reshaping productivity, margins and workforce strategies, the key test now is how quickly record bookings translate into actual revenue.

Mangalagiri Railway Station in Andhra Pradesh has undergone a major transformation with upgraded facilities and modern infrastructure under the Amrit Bharat Station Scheme. The station will be virtually inaugurated by PM Modi on July 17, featuring a modernised station building, improved waiting areas, upgraded platforms, and better accessibility for all passengers.

The United States Embassy in Abu Dhabi and the US Consulate General in Dubai have cancelled all consular appointments scheduled over the next few days because of the current security situation in the region. 

The SBI Funds Management IPO is receiving positive reviews from experts as a long-term investment in the AMC sector. Its strong market position and backing by SBI provide a competitive edge. Despite being priced lower than ICICI Prudential, the IPO is fully subscribed and experts advise a 'Buy' rating.

HCL Technologies' Q1FY27 earnings show a 20.34% rise in net profit and 14% increase in revenue. The company declared an interim dividend and maintained full-year guidance. However, stock saw a 3% drop due to concerns over valuation, with JM Financial giving a "Reduce" rating. Analysts at Motilal Oswal and Nomura remain optimistic. Investors should weigh these factors before investing.

The Kempegowda International Airport in Bengaluru has launched a new lounge, Gate Z, catering to the needs of Gen Z travelers. The lounge offers dining, entertainment, and work spaces with a retro-diner decor and AI-powered experiences. It promotes inclusivity, authenticity, and self-expression and is not limited to credit card holders, but also accessible to Gen Z individuals.

A United Airlines flight from Rome to Newark was diverted to Ireland after the pilots noticed vibrations in the right-hand engine and a mysterious odor on board. The plane landed safely at Shannon Airport and passengers were offered accommodations and rebooked on other flights. This incident adds to the recent troubles faced by United Airlines, including a lawsuit over window seats.

Trump on Monday said the United States will act as the "guardian" of the Strait of Hormuz, one of the world's most important oil shipping routes. But this time, he says America should not do it for free.

MacKenzie Scott, ex-wife of Jeff Bezos, makes headlines with her $20 million donation to Active Minds, her largest yet. Despite giving away billions, she remains a billionaire, with her net worth increasing by $321 million. She plans to donate at least half of her fortune to philanthropic causes.

An Indian crew member was killed, and eight others were injured after two UAE oil tankers were hit by Iranian cruise missiles in the Strait of Hormuz on Tuesday. The attack marks another major escalation in the ongoing conflict involving Iran, the United States and Israel, with commercial shipping in the Gulf frequently coming under threat.

West Bengal government suspends entry passes for congregational prayers at Bankra Mosque located within the Kolkata airport premises due to airport expansion. BJP President Samik Bhattacharya supports the decision and emphasises the need for a modern airport. Airport authorities temporarily suspend prayers for renovation work.

SBI Funds Management IPO to open on July 14 to July 17, but investors should be cautious of the risks outlined in the DRHP. These include SEBI's new regulations, changing investment trends, and high royalty. The new BER framework may affect profit margins, and there are concerns about revenue cannibalisation and contingent liabilities. The company doesn't own the "SBI" brand.

Raja Bhoj Airport in Bhopal has completed trials for its new CAT-II Instrument Landing System, improving visibility for safe landings in heavy rain and fog. This upgrade will reduce flight delays and cancellations, making air travel from Bhopal more reliable. The airport also connects the city to major destinations, benefiting air passengers.

SBI Funds Management, the asset manager behind SBI Mutual Fund, is all set to open its Rs 9,812.9 crore IPO on July 14. The Grey Market Premium (GMP) for the IPO is currently around Rs 89-91, indicating a potential listing premium of 15-16%. The IPO size was reduced from Rs 11,692.91 crore to Rs 9,812.9 crore due to a pre-IPO placement of 3.

A protest in San Francisco by 'Stop the AI Race' called for a halt in the development of advanced AI models at major tech companies OpenAI, Anthropic, and Google DeepMind. Led by activist Michael Trazzi, the group raised concerns about job losses, existential risks, and environmental damage caused by the AI boom. This comes amidst widespread layoffs in the industry.

Today, a new MEMU train will be launched, connecting Yelahanka and Arsikere, fulfilling a long-standing demand for improved rail connectivity. The train will operate six days a week, stopping at important stations and providing affordable and convenient travel options. This is expected to benefit residents by improving access to healthcare, education, and employment opportunities.

Southern Railway has announced special train services between Chennai and Kollam to handle the expected increase in passenger demand during the Onam festival season. The trains will operate for four trips in both directions and will have a coach composition of sixteen 3-Tier AC Economy coaches. These special trains will benefit thousands of passengers and will stop at important stations.

Southern Railway has announced two special train services connecting Gujarat, Tamil Nadu, and Maharashtra, including Valsad-Velankanni and Velankanni-Dahanu Road trains. These trains will improve connectivity and provide an additional rail link to Velankanni, a popular pilgrimage destination. The trains will also benefit pilgrims, tourists, and regular passengers by offering more travel options.

HCLTech is set to announce its Q1FY27 results with muted expectations due to subdued demand, AI-led pricing pressure, and West Asia conflict. Analysts expect the company to maintain its revenue and EBIT margin guidance, with a 0.6% QoQ decline in revenue and 2.9% YoY growth. The services business is expected to decline while the products business is expected to grow.

Motilal Oswal maintains 'Buy' rating on Grasim Industries with a target price of Rs 3,770, citing the company's strong VSF segment, efficient chemical division, expanding paint business, and other factors. The VSF segment is expected to see steady growth due to global consumption trends, while the chemical segment is projected to improve profitability through integration and efficiency.

A tragic fire at a popular bar in Bangkok has claimed the lives of at least 27 people, with 63 others injured and 22 in critical condition. The bar, named Rong Beer Na Lat Phrao, is located in the Chatuchak district. Videos of the fire show people panicking and running for their lives, while search and rescue efforts continue.

The rise in memory chip prices has resulted in higher smartphone prices, leading consumers to opt for refurbished devices. Counterpoint Research forecasts a 12% rise in India's refurbished smartphone market, while new smartphone shipments are expected to decrease.

The Kia Carens Clavis EV is a seven-seater electric SUV with 42 kWh and 51.4 kWh battery options, ideal for families. However, it has problems with seating and body roll. Its range of 350-370 km makes it great for short trips, but not longer ones. Top models lack wireless Android Auto and Apple CarPlay, and prices start at Rs 18.

Renault and Nissan have released their new midsize SUVs, the Duster and Tekton, with comparable engines and features but distinct market strategies and powertrain choices. These SUVs offer advanced technology and begin at a competitive price of Rs 10.49 lakh. The Duster has a hybrid option, while the Tekton emphasizes a completely turbocharged engine lineup.

New research shows that foreign universities in India are financially feasible, with lower tuition fees compared to studying abroad. However, selecting the right branch campus is challenging. DrEducation Research has developed UniGrid to assist students and policymakers in making informed decisions.

IIM Kozhikode's record-breaking 66% female enrolment for its flagship PGP program of 2026-28 shattered a glass ceiling for the entire IIM system. However, a report reveals that the overall campus average is 62.9% women. The PGP-LSM track has 82.4% women while the specialized Finance program remains heavily male-dominated.

India and Canada have successfully advanced in talks for the Comprehensive Economic Partnership Agreement, aiming to finalize the deal by 2026. The agreement is projected to increase bilateral trade to $50 billion by 2030. Key topics such as trade in goods and services, intellectual property, and technical barriers were discussed.

The Railway Ministry plans to use a public-private partnership model to implement the East-West dedicated freight corridor, a 2,100 km project requiring over Rs 1 lakh crore investments. The project will be divided into smaller sections and use a hybrid annuity model, with multiple sections being awarded simultaneously to reduce delays and ensure quality work.

Indian investors are flocking to foreign assets, specifically US stocks and ETFs, through GIFT City. Trading on the GAP platform has increased by 80% due to proprietary traders and retail investors. Regulatory changes and high returns from US AI and technology stocks are driving this trend. ETFs are the preferred choice for overseas investments, with potential for more policy support.

The Karnataka State Handbook on Youth Opportunity reveals that 23% of the state's youth are not employed or studying, with major gender disparities. Released by the Future of India Foundation, the report calls for equal opportunities for young people beyond Bengaluru.

Indian-origin billionaire Vinod Khosla and his family are buying the Seattle Seahawks for a record-breaking $9.6 billion, making it the most expensive NFL sale ever. Pending NFL approval, the Khoslas will become the team's new controlling owners, replacing the estate of Microsoft co-founder Paul Allen.

Senator Lindsey Graham, a close supporter of President Trump, has died at 71 from a sudden illness. Before his passing, he introduced a bill for Russian sanctions and met with Ukrainian President Zelenskyy to address their air defense needs. Graham also believed involving China in peace talks and cutting off Russian military funding could bring an end to the war in Ukraine.

IMD forecasts heavy rainfall in parts of India, warns of thunderstorms, gusty winds and lightning. Coastal Andhra Pradesh braces for heatwave return. Uttarakhand and Himachal Pradesh face landslides, fatalities and massive disruptions. Monsoon deficit narrows, but Kharif sowing lags.

A deadly aviation crisis in the Bahamas during their independence celebration, involving a fatal plane crash and a runway fire, has resulted in the suspension of Flamingo Air's license. The crash claimed ten lives, including members of a popular band, and another Flamingo Air plane caught fire on the same day. Investigations are underway, and the airline has pledged to assist authorities.

West Bengal Chief Minister Suvendu Adhikari laid the foundation stone for a Rs 600-crore garment manufacturing hub in Dankuni, Hooghly district. The facility will span 20 lakh square feet and add an annual production capacity of 20 crore garments, generating 3,000 direct and 6,000 indirect jobs.

The US launched military strikes on Iran after an Iranian attack on a commercial ship in the Strait of Hormuz. Defence Secretary Pete Hegseth warned against Tehran and mediators tried to revive peace talks. This was the third strike this week and raised doubts about the previously signed memorandum of understanding. Iran declared the Strait of Hormuz closed.

Indian and Indonesian cuisine both value fire and charcoal cooking, with dishes like satay and rendang influenced by the Chola Empire's ties to Indonesia. Charcoal adds tradition and character to food, and while precision and instinct are crucial, honoring local culture is essential for balance.

Swimwear in India has evolved from a utilitarian purchase to a year-round fashion category. The market is expected to nearly double by 2034, driven by the growing demand for versatile pieces that work for both leisure and fitness activities. The pandemic has also fueled the growth, with a shift towards wellness and travel.

India and New Zealand have joined forces to increase bilateral trade to Rs 35,000 crore by 2030 through a strategic partnership. The implementation of a Free Trade Agreement will open up new opportunities in market access, investment, and skilled mobility.

India's passenger vehicle exports have reached an all-time high of Rs 79,967.35 crore in FY26, with top markets being South Africa, Saudi Arabia, Mexico, and Japan. This 30.59% growth in export value is six times that of India's total commodity exports, driven by the export of high-value electric cars like the Suzuki eVitara.

A humped neck can be caused by lifestyle and medical factors like poor posture, aging, obesity, and hormonal conditions. While exercise and posture correction can help, it may not completely reverse it if caused by structural changes. Women are more prone to it due to menopause and osteoporosis, leading to pain and reduced flexibility.

Electrolyte supplements are gaining popularity, but a balanced diet and enough fluids are usually enough to maintain electrolyte balance. Overconsumption can be harmful, especially for those with health issues. The market is growing, but labeling, regulation, and education are needed. Consult a healthcare professional before using them.

India's 1.5 billion population's obsession with the FIFA World Cup is driven by FOMO, despite the country's inability to qualify. The focus on international stars like Messi and Ronaldo overshadows the neglect of the Indian team and domestic league. As their chances for qualifying are slim, India's priorities lie elsewhere, resulting in a low FIFA ranking.