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Ever Wondered Why Old Railway Tickets Had Tiny Holes On The Sides?

Those tiny holes on old Indian Railways tickets were not decorative. They played a crucial role in printing millions of tickets accurately before the era of digital and e-ticketing

Application window for verification and re-evaluation of answer papers remained fully functional, says CBSE

The system remained under continuous monitoring by dedicated cybersecurity teams throughout the operational period to prevent malicious traffic and cyber threats, says CBSE

INDIA bloc's key huddle: Full list of leaders who attended the meeting

'It's called 'idli', not 'id-slice': Tharoor dishes out another culinary lesson

Congress leader Shashi Tharoor amused netizens with his witty responses to culinary debates on social media. He humorously critiqued an 'idli pizza' cutting style, attributing it to software engineering logic. Previously, Tharoor also defended the South Indian idli against a comparison to rasgulla, highlighting its unique preparation and culinary significance.

Big TMC Split Brewing? Sukhendu Sekhar Roy, 5 Other MPs Meet BJP Leader Bhupender Yadav In Delhi

Former TMC MP Sukhendu Sekhar Roy reached BJP leader Bhupender Yadav's residence along with five TMC MPs hours after resigning from party.

'India Never Told Not To Buy Russian Oil, No Issue With Sanctioned Crude': Hardeep Singh Puri

Puri said India managed to keep fuel prices under control despite major global disruptions and challenges in energy supplies.

‘Vox populi, vox dei’: TMC MP resigns, cites RG Kar rape-murder case as Bengal crack reaches Delhi

"My only fault was that I demanded an internal inquiry against certain police officers," Ray said on 2024 case; cites BJP's big win and meets party's key leader

Daughter, father arrested for religious conversion in U.P.; nine booked

In a complaint lodged with police, medicine trader Devraj Malik alleged that his son Ayush Malik (30) was converted to Islam years ago under the pretext of marriage with Chandni

Water purifiers fuel a Rs 9,000 crore economy

You do the research, read lists of reviews, compare the filtration stages, and shell out a significant sum for the most promising, tech-savvy water purifier in the market. Then, just two months into installation, the machine starts throwing a series of confusing, flashing signals. The premium buying experience instantly evaporates, replaced by the sheer frustration of tracking down customer care and waiting at home for a technician to show up.In India’s competitive consumer durables sector, this exact friction point has transformed the landscape of water purifiers. The ultimate battle is no longer just about who can build and sell the best machine; it is increasingly about who can maintain trust after the hole has been drilled in the customer's kitchen wall.While the water purifier market is traditionally viewed through the lens of one-time appliance sales, companies like Eureka Forbes, the legacy player behind AquaGuard, are increasingly betting on a far larger opportunity hidden beneath the surface: the recurring service economy built around filters, annual maintenance contracts (AMCs) and nationwide technician networks.According to internal projections by Anurag Kumar, Chief Growth Officer at Eureka Forbes, the water purifier service market alone is on track to cross Rs 9,000 crore by FY30, nearly matching the projected Rs 10,000 crore size of the product market itself.131582773Also read: Beyond the room: Why India Inc's luxury hospitality bet is becoming an experience businessBreaking down the mathFor decades, the consumer durable playbook was simple: manufacture, distribute, sell, repeat. But water purification is far different from selling a television or a refrigerator; it is an active, evolving health product bound to the fluctuating quality of local municipal and groundwater supplies."The market for product categories for water purifiers is about Rs 3,800 crore today," Kumar says in an exclusive interview with ET Online. "I think you would add another, roughly about Rs 3,500 crore of service category as well to it."Citing independent industry reports, Kumar highlighted that by FY30, this parallel economy is set to explode. The product market will expand to over Rs 10,000 crore, while the service and aftermarket ecosystem will chase it tightly at more than Rs 9,000 crore, growing at a combined double-digit compound annual growth rate (CAGR) of 11% to 12%.This shifting weight from hardware to service fundamentally changes corporate strategies. For an industry dealing with an urban penetration rate of just 14% (and a mere 7% nationally), the recurring revenue from existing households forms a highly resilient cash-flow cushion that protects margins even during macro-economic slowdowns.131582808Service scale becomes the biggest moatThe Rs 9,000 crore service opportunity explains why tech-first aggregators and rental startups are rushing into the service category. However, scaling an on-demand service infrastructure across India’s complex geography is entirely different from coding an app.For legacy companies like Eureka Forbes, this operational network has become a major competitive advantage."After sales service can make or break a brand," says Kumar. "I think a lot of the trust that AquaGuard has today is really thanks to the fact that people have trust in our service... It's a very, very important integral part of our business and a very, very crucial moat that we continue to nurture."To defend this moat against new-age tech startups, Eureka Forbes operates at a scale that resembles a logistics company more than an appliance manufacturer. The company has deployed more than 8,000 technicians mapping out an operational footprint across 19,500 PIN codes.Also read: Apple expected to unveil new AI features at last developers conference with CEO Tim CookThe push to reduce maintenance costs"Once you sell a product, then you have it for life and there's some revenue which comes with it," Kumar says, referring to filter replacements, AMCs and servicing requirements.Interestingly, the biggest threat to this recurring service revenue is not new-age competitors, it has been consumer fatigue over high maintenance costs. Historically, the dread of paying steep annual fees to replace purifier filters has acted as a primary barrier keeping the remaining 86% of urban Indian households from adopting organised water purifiers.To beat this, Eureka Forbes pulled off a counter-intuitive strategic gear: they disrupted their own short-term revenue model to secure long-term market share.Last year, the company introduced a range of purifiers featuring "long-life" filters extending the replacement cycle from the traditional 12 months to a full two years."We did that because we fundamentally heard from consumers that there was also a barrier to the category around maintenance cost being high," Kumar reveals. "What two-year filters actually did was they actually lowered the maintenance cost because now you don't have to change filters every year. You have to change once every two years."Digitising a 1980s direct-sales DNAEureka Forbes, a company historically known for its door-to-door service, and making Aquaguard synonymous with water purifiers in India, faced a new piece of necessary upgrade with building digitisation. The multi-billion dollar service landscape required a complete digital overhaul of consumer interactions. The brand that built its empire in the 1980s on the soles of direct-sales agents knocking on suburban doors has had to pivot entirely to an on-demand, algorithmic infrastructure.An army of thousands of field technicians is only as efficient as the software directing them. For modern consumers who manage their entire lives via smartphone screens, a bland "technician will visit tomorrow" promise no longer cuts it."We've digitised that service," notes Kumar.The long-term playAs water contamination concerns spike across rapidly expanding urban clusters, the structural demand for pure drinking water will continue to climb, and so for water purifiers.However, as the hardware itself faces gradual commoditisation and intense price competition from newer market entrants, the center of gravity has largely shifted. Where the growth moves nextCapturing a dominant share of the service market is only half the blueprint. As Kumar maps out the strategic trajectory for Eureka Forbes over the next three to five years, the company's growth engine eyes two distinct tracks: aggressive geographic widening and targeted product diversification. Geographically, Kumar notes, the company is bypassing deep rural pockets for the time being to focus heavily on India’s rapidly urbanising Tier-2 and Tier-3 towns. Instead, the company is doubling down on smaller towns where they can immediately deploy their signature localised service infrastructure without stretching their logistics network too thin.Simultaneously, the brand is attempting to de-risk its reliance on the kitchen wall by expanding into adjacent consumer durables. Kumar outlined a product pipeline anchored in high-growth, premium categories, including robotic vacuum cleaners, air purifiers, and household water softeners. The underlying playbook here is pure cross-selling. By utilising the same 8,000-strong technician network to service these newer household appliances, Eureka Forbes is betting that its aftermarket footprint can drastically lower its customer acquisition costs; positioning the legacy firm to evolve from a single-product manufacturer into a broader home-health ecosystem player.

OpenAI CFO: I wouldn't hire a finance person who doesn’t know how to use Excel

OpenAI's CFO, Sarah Friar, stressed that AI tool proficiency is now as crucial for finance professionals as spreadsheets were decades ago. She highlighted that companies are actively seeking employees skilled in AI, with demand for compute power outstripping supply. Friar also underscored the need for inclusive access to AI technologies as adoption grows.

OMCs lose ₹700 per LPG cylinder: Govt

Rajesh Exports shares hit 5% lower circuit for third session on alleged Rs 15.15 lakh crore fraud

Shares of Rajesh Exports (REL) tumbled 5% to hit the lower circuit at Rs 94.50 on Monday, marking the third consecutive session of sharp losses after market regulator Sebi accused the company of orchestrating an elaborate financial fraud involving alleged revenue inflation of Rs 15.15 lakh crore over the years, personal gold trades purportedly passed off as corporate sales, and investments of Rs 1,035 crore in gold mines.In its findings, Sebi alleged accounting irregularities, diversion of company funds into personal accounts, and a pattern of conduct aimed at misleading investors. The regulator also flagged lapses by the company's auditors and said both Rajesh Exports and its auditors failed to fully cooperate with the investigation.In its 109-page interim order dated June 3, Sebi said its investigation and forensic examination revealed prima facie evidence suggesting that nearly 97-99% of the company's reported revenue may have been inflated. The regulator described the alleged discrepancies as "egregious and unheard of".Pending further directions, Sebi has barred Rajesh Mehta from buying, selling or otherwise dealing in securities of Rajesh Exports. The regulator has also directed the company to fully cooperate with investigators and ensure true and fair disclosure of its financial statements and related-party transactions."The acts of REL constitute a deliberate device, scheme and artifice to mislead and defraud investors dealing in the shares of REL by portraying an inflated and misleading picture of its operational scale, revenue and financial health," Sebi said in its order.The case stems from a shareholder complaint received in March 2024 that raised concerns over substantial trade receivables reflected in the company's accounts. Following a preliminary review, Sebi initiated a detailed investigation covering the period from April 2020 to March 2024 and appointed BDO India Services as the forensic auditor.Besides restricting Rajesh Mehta from dealing in the company's securities, Sebi has directed Rajesh Exports to furnish all pending information sought by investigators within 30 days. The regulator has also ordered the appointment of a new forensic auditor to conduct a more comprehensive review of the company's books and transactions.Rajesh Exports has denied the allegations. In a press release issued on Thursday, the company said the revenues reported in its financial statements were accurate and contended that Sebi's conclusions were based on a misunderstanding between revenue and EBITDA figures at Swiss refiner Valcambi SA, an indirect subsidiary of the company.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

'Protecting Consumers PM Modi’s Top Priority': Hardeep Puri On India Navigating Global Energy Crisis

Hardeep Singh Puri said India had managed to keep fuel prices under control despite major global disruptions and challenges in energy supplies.

Delhi HC seeks CBSE reply on OSM plea

The Delhi High Court on Monday sought the stand of the Centre and the CBSE on a petition by Congress party's student wing seeking an independent inquiry into the alleged large-scale irregularities in the on-screen marking (OSM) system for Class 12 exams.Issuing notice on a PIL petition by the National Students' Union of India (NSUI), a vacation bench of Justices Neena Bansal Krishna and Madhu Jain asked the central government and CBSE to file their responses and listed the matter for hearing on June 12.Also read: IIT panel approves new CBSE portal for re-evaluation after security reviewThe petitioner submitted that the CBSE closed the portal for verifying and revaluing answer sheets last night and requested a direction to keep it open for affected students for one month.Counsel for CBSE, advocate M A Niyaz, submitted that the authorities extended the deadline for closing the portal from time to time, and the education board was duly addressing the grievances of aggrieved students. He also objected to the maintainability of NSUI to file the PIL, emphasising that it was a student wing of a political party. "We don't want education to be politicised like this," the counsel submitted.The NSUI counsel said that it filed the PIL on behalf of minors and that association with a political party was not a disqualification.What is OSM and what went wrongCBSE introduced on-screen marking for the evaluation of Class 12 answer books beginning with the 2026 examination cycle, describing it as part of its continuous effort to enhance efficiency and transparency. Under the system, physical exam papers are scanned, digitally masked to hide students' identities, and evaluated by teachers on a computer screen.However, the rollout has run into significant controversy. Thousands of students across the country reported issues including blurred scans, missing pages, mismatched answer sheets, incomplete uploads and unexpectedly low marks following the declaration of Class 12 results.CBSE declared the Class 12 results on May 13, with the overall pass percentage dropping to 85.20%, down from 88.39% last year. Reports also indicated a decline in the number of students scoring 90% and above.What NSUI is seekingThe PIL, filed through NSUI president Vinod Jhakhar and advocate Rishav Ranjan, seeks a direction to reopen the verification portal for one month, permit manual rechecking and physical verification of answer sheets in disputed cases, and order an independent inquiry into the alleged irregularities. It also seeks direct oversight by the Union Government and calls for proper safeguards and guidelines to be framed for future digital evaluation systems.Also read: Who is Dharmendra Pradhan? All about Education minister facing heat in CJP protest amid NEET, CBSE controversyNSUI has argued that the lack of a robust corrective mechanism heightens the prejudice to students because the academic calendar continues to move forward while the disputes remain unresolved.The Delhi Government School Teachers' Association (GSTA) had urged CBSE to hold implementation of the OSM system for the 2026 evaluation cycle, citing concerns that the majority of teachers had not been provided with structured and certified training for the digital system. The association had suggested the system be run only as a pilot on a limited scale during the 2026 session.With inputs from PTI

From Nehru's 5 IITs To PM Modi's 23: How India's Premier Institutions Expanded

In PM Modi's era, the challenge has been different: how to extend access to those premier institutions in a country that is larger, younger and far more aspirational.

Telangana CM to lay foundation for Miyapur X road-Allwyn X road flyover, underpasses and CMC office

100 days of Middle East crisis: What happens when the Strait of Hormuz opens

Iran has indicated the Strait of Hormuz will reopen under new conditions set by Iranian and Omani authorities, potentially including transit fees for services. This comes as oil flows remain constrained following the US-Israeli conflict.

CBSE clarifies 'roll number not found' issue after handling 3.8 lakh answer book requests

The CBSE announced that over 1.6 lakh students successfully submitted applications through its verification and re-evaluation portal between June 2 and June 7, 2026, covering more than 3.8 lakh answer books. The process followed concerns over the board’s new On-Screen Marking (OSM) system and was conducted under the supervision of government agencies and IIT experts. CBSE said the portal remained operational despite cyber threats and clarified that the “Roll Number Not Found” message applied only to ineligible candidates.

Beyond The Big Machines: Why Indian Navy Wants Homegrown 80-MM Rockets For Its MiG-29K Fighter Jets

The Navy has issued a requirement for indigenous 80-mm air-to-ground rockets for its MiG-29K fighter fleet, a step aimed at reducing dependence on imported munitions

Muslim leaders warn Congress against ignoring their concerns in Karnataka

The government, they claim, had not acted on demands to enhance reservation under Category 2(B) from 4% to 8%, allocate ₹10,000 crore for minority welfare in the State Budget, and ensure proportionate representation for minorities in the Legislative Assembly and Legislative Council