Times of India

Florida billionaire Herbert Wertheim purchased the first production Ferrari Luce for forty million dollars. This groundbreaking electric vehicle was designed with input from former Apple design chief Jony Ive. The unique car, known as Chassis Zero, fetched an astonishing price at auction. Wertheim, a long-time Apple shareholder, acquired the vehicle at an RM Sotheby's event. The entire sale proceeds will benefit the Ferrari Foundation.

Lewis Hamilton has resumed his rigorous training routine for the upcoming Dutch Grand Prix. He shared his dedication to fitness on Instagram, signaling the end of his summer break. This marks his return to racing action in his inaugural season with Ferrari. The British driver is now focused on the demanding F1 circuit after recent personal life attention.

MGNREGA has been replaced by VB-G RAM G, increasing guaranteed employment days. The new scheme features a revised funding structure and allocation framework for rural India. States will now share program costs with the Centre in a 60:40 ratio. This transition aims to create durable assets and link wage work with village infrastructure. Uttar Pradesh and Maharashtra are projected to be significant beneficiaries of this new program.

Akhilesh Yadav is strategically extending his political outreach to Brahmins in preparation for the 2027 elections. He asserts that this community has suffered greatly under the current regime. This initiative seeks to enlarge his political coalition, moving beyond his usual support base. Mayawati rebuts this tactic, labeling it as political trickery. The Brahmin vote is crucial, drawing attention from various political factions.

New York's Flatiron Building is becoming a sought-after luxury residential address. Most apartments are already under contract as the landmark prepares for resident move-ins. A $24 million apartment recently entered contract, highlighting strong buyer interest. The century-old building is undergoing a significant conversion from offices to upscale homes. Residents will enjoy modern amenities after the building's completion this autumn.

UK property tax reforms may replace stamp duty and council tax soon. Land value taxes could significantly increase annual costs for expensive homes. This shift might reduce property values as buyers consider recurring tax bills. First-time buyers could benefit from lower upfront purchase costs. Second homes and investors may face higher expenses under proposed changes.

Two construction firm partners received two-year jail sentences for failing to complete a flat. They also faced a ten thousand rupee fine each from the commission. The builders were ordered to complete the flat and obtain occupancy certificates. Complainants approached the commission after the builders failed to comply with the earlier order. The commission found the builders willfully disobeyed its directives regarding the flat.

On Tuesday morning, the Indian rupee experienced a drop against the US dollar, influenced by rising crude oil prices and persistent demand for dollars. Brent crude futures remained above ninety-one dollars per barrel, amplifying the necessity for dollars. Compounding this issue was the Reserve Bank's recent closure of a forex-swap facility, which affected inflows. Additionally, domestic equities opened on a low note as foreign investors continued to sell shares.

Canadian high school student Tiya Aggarwal has won the top prize at a British Columbia entrepreneurship competition for Aquora150, a smart irrigation system designed to automatically adjust care for more than 150 plant species. The system uses humidity-capturing technology to hydrate houseplants while reducing water, plastic and glass waste.

The Enforcement Directorate has issued a strong warning to homebuyers regarding builders who deny access to RERA information. It is crucial for buyers to confirm a project's registration and necessary approvals prior to any financial commitment. The agency highlighted that demands for cash and the absence of documents are significant red flags.

In a remarkable display of courage, 16-year-old lifeguard Ryder Williams saved Nathanial Rai, a young boy, from perilous waters at the California beach. Their heroic rescue, which gained significant attention after going viral, caught the eye of President Donald Trump, who invited both to the White House. Williams emphasized his rigorous training and swift action during the rescue, sparking conversations about lifeguards' official recognition as first responders.

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India had reduced Sri Lanka to 99/5 by lunch, with Manav Suthar leading the attack. However, Ravindra Jadeja was yet to take a wicket at that stage. Sarfaraz Khan was heard telling Jadeja to remain patient, as the Indian bowlers would share the wickets among themselves.