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BusinessNike is struggling under CEO Elliott Hill, who was brought out of retirement to stabilize the company. Despite efforts to rebuild retailer relationships and focus on sports products, revenue continues to fall. The company announced job cuts and expects further declines in sales and profits in the upcoming fiscal year. Nike is also facing performance challenges, especially in the Chinese market.
ET Markets·
PoliticsDino Morea was arrested by Mumbai Police's Economic Offences Wing in connection with the Mithi River desilting scam. The scam involved financial irregularities causing a loss of Rs 65.54 crore to the BMC. Morea was previously questioned in May 2025 about phone records linking him to the case before his arrest after extensive interrogation.
TOI Entertainment··Mumbai
PoliticsThe BJP criticized Congress leader Rahul Gandhi for remaining silent on the bravery of Indian pilot Captain Smit Machchhar, who saved 174 lives during a flydubai incident. BJP spokesperson Gaurav Bhatia accused the Gandhi family of appeasement politics due to the attacker's religion. Prime Minister Narendra Modi praised Machchhar's courage and wished him a speedy recovery.
Deccan Herald··New Delhi
WorldA woman was allegedly stripped and beaten by female bouncers at a nightclub in Guwahati's Khanapara area around 1:30 am on Friday after a drunken argument. A video showing the woman lying on the floor without upper garments while being hit and kicked by two women surfaced online. The incident is under investigation, and the video authenticity is unverified.
Hindustan Times··Guwahati
EntertainmentAjay Devgn's film 'Drishyam 3: The Conclusion' is receiving tremendous reactions from audiences. Jaydeep Ahlawat is particularly praised for his role as police officer Rajveer Singh Tomar. Alongside, actor Akshay Khanna is also being mentioned in discussions related to the film.
Aaj Tak·
SportsNachiket Bhute and Praful Hinge played crucial roles in securing a draw for India-A against Australia-A in the second unofficial Test at Siechem Cricket Stadium. Despite strong bowling from Liam Scott and a resilient partnership between Yash Rathod and Shams Mulani, Bhute and Hinge defended the final three overs, preventing Australia-A from leveling the series. India-A leads 1-0 in the series.
Hindu Sport··Puducherry
ET Markets·
Nike is struggling under CEO Elliott Hill, who was brought out of retirement to stabilize the company. Despite efforts to rebuild retailer relationships and focus on sports products, revenue continues to fall. The company announced job cuts and expects further declines in sales and profits in the upcoming fiscal year. Nike is also facing performance challenges, especially in the Chinese market.
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