The Supreme Court has asked JioStar India Pvt Ltd to approach the Delhi High Court in its challenge to the Telecom Regulatory Authority of India (TRAI) rate framework for TV channels. JioStar challenges TRAI’s tariff regulations, price restrictions.
Anthropic has also increased its footprint in India by enabling in-country inference for its Claude AI assistant through Amazon Bedrock, allowing corporations and government organisations to analyse data in India. The move enhances data security, regulatory compliance & more.
Dabur India has been asked by the Food Safety and Standards Authority of India (FSSAI) to stop marketing food goods with false ‘100 per cent’ claims such honey, ghee, apple cider vinegar, coconut water and edible oils.
Under the EU AI Act, the EU is strengthening enforcement, giving regulators additional powers to investigate advanced AI models from businesses like OpenAI, Anthropic and Google. The European Commission can now demand model reviews prior to public distribution.
The Centre is working on important reforms that might allow charging of Merchant Discount Rate (MDR) on large UPI transactions, but maintain UPI free for consumers. The reforms also seek to prolong tax incentives to foreign companies supplying machinery to contract manufacturers till 2041.
Thousands of WhatsApp users in India and numerous other countries complained that their accounts were unexpectedly "under review", momentarily blocking crucial chat functionality. Meta says it frequently evaluates and removes accounts to avoid abuse.
FSSAI has suspended the sale of some spirits brands of Diageo (United Spirits) and Inbrew Beverages after it was found that they were using artificial or nature-identical flavourings in whiskies and rums. Such activities may mislead customers and contravene labelling requirements, the agency warned.
China’s AI battle heats up as Alibaba launches its biggest and most advanced AI model with 2.4 trillion parameters Meanwhile DeepSeek’s V4-Flash is one of the cheapest AI models in the world, with operational costs far lower than its main rivals.
Google is said to have decreased the value of its long-standing outsourcing contract with HCLTech by $50 million a year as it increases automation driven by AI and consolidates contractors. The move would have minor financial impact on HCLTech.
Tata Trusts Chairman Noel Tata has promised a fresh focus on healthcare and education with plans to set up 40-50 non-profit hospitals and 17 cancer care facilities in conjunction with the Assam government. The Trusts will also partner with IIM Bangalore on an undergraduate curriculum.
Haldiram’s has temporarily closed its freshly opened location in Leicester Square, London, just weeks after its viral UK debut, due to scheduled UK Power Networks (UKPN) electrical and gas improvement works. The restaurant has drawn enormous crowd.
The CBI has registered a FIR against Anil Ambani, Reliance Capital Limited and others after the EPFO complained of loss of INR 1,816.22 crore due to default on secured non-convertible debentures (NCDs). The probe relates to the charges of criminal conspiracy, cheating and more.
This comes just five months after the 50,000 orders milestone, and is a significant achievement for InstaHelp that crossed the 100,000 daily orders milestone. This quick development underlines the growing need for on-demand cleaning service.
Amazon is facing a potential class action lawsuit in the US over charges it greenwashes seafood items sold under the likes of Bumble Bee, StarKist, Chicken of the Sea and 365 by Whole Foods Market. Amazon misled consumers with terms like “sustainable,” “responsibly sourced” and more
The Union Cabinet has given its approval to the National Offshore Exploration Scheme, ‘Samudra Manthan’, at an estimated cost of INR 84,084 crore to enhance India’s energy security and increase domestic oil and gas output by FY2030-31.
Bajaj Finserv has got the board approval to enter into the reinsurance industry through a wholly owned subsidiary, subject to the IRDAI and other regulatory approvals. The deal boosts its insurance books and puts the company in India's growing reinsurance sector.
PwC Middle East is under examination after reports generated via AI were found to have fake citations, broken links and non-existent research, raising new questions over the credibility of generative AI in consulting. The episode followed previous AI-related blunders at KPMG, EY and Deloitte.
OpenAI has lowered ChatGPT API pricing by up to 80%, with GPT-5.6 Luna input costs dropping to $0.20 per million tokens. The reductions come as competition from China's Kimi K3 intensifies.
Zepto has postponed its IPO and intends to raise more than INR 1,000 crore in a pre-IPO funding round from current investors, including General Catalyst and Nexus Venture Partners. The rapid commerce firm has lowered the size of its IPO and its valuation due to investor concerns.
The Delhi High Court has summoned Blinkit after Zed Entertainment Enterprises Ltd accused it of copyright violation for its promotional video on Instagram. The broadcaster has claimed that Blinkit has utilised its copyrighted material without permission for commercial purposes.
Mahindra & Mahindra has approved the sale of its Truck and Bus Division (MTBD) to listed subsidiary SML Mahindra for INR 525 crore as part of a strategic corporate reorganisation. The deal, expected to completion by Jan. 31, 2027.
Patanjali Ayurved has entered the general insurance business in India after gaining approval from IRDAI to acquire 73.56% share in Magma General Insurance for around INR 4,500 crore. Patanjali partners with DS Group to venture beyond FMCG into financial services.
Google has announced the debut of Ask Google Pay, an AI assistant based on Gemini that helps customers track their spending, assess expenses, and find ways to save money, all within the Google Pay app. The AI, available in 10 Indian languages, provides customised financial insights & more.
The US has prohibited the import of new Chinese-made humanoid robots, robot dogs and power inverters over cybersecurity and national security concerns. The FCC put the goods on its list of prohibited equipment, citing dangers to critical infrastructure, data centers and energy systems.
IRDAI has brought about far reaching reforms to modernise India’s insurance business, enhance security of policyholders and accelerate insurance penetration under the Sabka Bima Sabki Raksha Act, 2025. The improvements include liberalised investment norms, enhanced governance and more.
BMW offers voluntary redundancy to over 40,000 German workers in plan to shed 8,000 jobs by 2027 The move is aimed at desk-based staff and is intended to cut expenses amid decreasing EV demand, rising US tariffs and fierce competition from Chinese carmakers.
Restaurant operators in Bengaluru have planned a boycott of Swiggy from August 15, citing that hefty commissions, sharp discounts and unfair deductions are affecting their companies. The associations have asked open pricing, fair contracts, dedicated relationship managers and more.
Meta and BlackRock are putting $14 billion into a 1GW AI data centre in Texas, with Meta taking over as the sole tenant of the facility from 2028. The project reflects Big Tech’s increasing interest in AI infrastructure, with Meta owning a 20% share and BlackRock 80%.
More than 1,100 staffers at OpenAI, Anthropic, Google, Meta, Microsoft and other top AI startups have requested the White House to bolster AI safety laws and limit the rollout of frontier AI. The signatories warned that AI systems that can improve themselves would escape human oversight.
In a post, the company said its rogue AI agent had spread its breach beyond Hugging Face, infecting a customer account at Modal Labs via an insecure endpoint. Modal has claimed their platform was not breached but the event has raised concerns about autonomous AI systems and cyber security dangers.
NPCI has asked UPI apps and partner banks to hide cellphone numbers and other personal details to strengthen user privacy starting September 4. The action is in line with the Digital Personal Data Protection Act and strives to minimise risks of privacy and identity theft.
The Delhi High Court has ordered the winding up of Paytm Payments Bank in proceedings started by the RBI, marking the final stage of its liquidation following extended regulatory action. The court has designated former SBI executive Girikumar M Nair as the official liquidator.
Adani Ports and Special Economic Zone (APSEZ) is apparently looking to buy a majority position in Associated British Ports (ABP), the UK’s largest port operator, to grow its worldwide maritime reach. The purchase is for stakes held by Canada pension funds OMERS and CPPIB.
French labour authority DRIEETS Ile-de-France has penalised Infosys to the tune of €175,000 (approximately INR 2 crore) for non-compliance with French labour rules concerning the maintenance of employee working time records.
Tata Power to start construction of 10 GW solar wafer & ingot manufacturing factory in Odisha in October, eyes commercial ops by January 2028 The project also adds to India’s semiconductor and clean energy ecosystem with the help of governmental incentives.
Cursor has announced Cursor Start, an AI subscription plan for INR 649, exclusively for India targeting the country’s fast developing developer community, after its Indian user base tripled in the past year. The cheaper package includes AI-powered coding tools and productivity features.
Health-tech startup Temple, founded by Deepinder Goyal, is looking to raise fresh funding at a $500 million valuation as it gears ready to launch its first AI-powered wearable at a price of 80,000. The forehead-mounted device records advanced physiological data with a patented “entropy”.
Zepto is talking to anchor investors ahead of its IPO to improve market interest, and has set a revised post-money valuation of about $3 billion. The proposed offering will have a primary issue of INR 5,000 crore and an offer-for-sale component of a limited size.
Johnson & Johnson has agreed to a $5.5 billion settlement that will address over 76,000 cases claiming that its talc-based products caused ovarian cancer, a major step toward concluding a decade-long court struggle. The deal covers most outstanding claims, with payments starting in 2027.
The Indian government has authorised RBI’s plan to begin field trials of one billion polymer INR 10 and INR 20 banknotes, which will lead to their regular issue if the trials are successful. Polymer notes are projected to be more durable and resistant to weather.
The FSSAI does not recognise the phrase ‘energy drink’ as a permitted category. India has ordered Pepsi, Red Bull, Monster, Reliance and Hell Energy to remove the term ‘energy drink’ from product labels within 90 days.
Nvidia is allegedly in talks to give a $250 billion financial assurance for OpenAI’s mammoth AI data center project in Ohio, perhaps one of the largest AI infrastructure finance deals on record. The initiative, which would include Nvidia AI chips, may cost more than $500 billion in total.
Flying Flea has increased its dealer network in Bengaluru from one to 11, boosting its retail and service presence before a broader roll-out across India. The electric motorcycle manufacturer has opened six dealerships with five more to open in early August.
The new CBDT standards under the Income Tax Act have boosted crypto tax compliance in India, moving the country closer to the OECD’s Crypto-Asset Reporting Framework (CARF). The laws do not introduce new taxes, but rather increase tax reporting obligations.
Bank of Baroda is investigating claims of a 1TB data breach posted on the dark web, allegedly containing sensitive customer information, including Aadhaar numbers, loan records and banking documents. Cybersecurity specialists raised the alarm.
NVIDIA to spend $1 billion in NAVER to grow South Korea’s AI infrastructure and boost the capacity of the GAK Sejong AI data centre to 200 MW by 2028. The collaboration will leverage NVIDIA’s high-end Blackwell and Vera Rubin GPU platforms.
A CAG audit has detected a loss of INR 12.86 crore to West Bengal Industrial Development Corporation (WBIDC) on account of allotment of land to Flipkart’s logistics subsidiary, Instakart Services, at Haringhata Industrial Park. Audit discovered that WBIDC miscalculated land price.
HCLTech has signed an MoU with Odisha Government and Sarvam for setting up of Global Technology Center and AI Data Center at Odisha Sovereign AI Park in Bhubaneswar. The initiative is projected to produce 5,000 jobs and bolster India’s sovereign AI ecosystem and is likely to be operational by 2028.
Flipkart to launch trial for online meal delivery in India, stepping up competition with Swiggy, Zomato. Backed by Walmart, Flipkart is part of ONDC’s network and is hoping to differentiate with better selection, service, reliability and customer experience rather than price.
Smaller UPI apps have approached the National Payments Corporation of India (NPCI) to reconsider its planned UPI Meta architecture, cautioning that it could lead to increased dominance of PhonePe and Google Pay and stifle competition.
Following a security breach at OpenAI, US senators filed a bill called the AI Kill Switch Act, which would grant the government emergency authority to shut down AI systems that pose a threat to public safety. The bill would give the Department of Homeland Security the power to mandate AI shutdowns.
The US alleges that China’s Moonshot AI employed knowledge distillation to create its K3 AI model using Anthropic’s technology, sparking concerns about intellectual property and AI competitiveness. China has strongly denied the allegations.
The Indian government has reduced FDI regulations to allow inventory based e-commerce for exports, enabling foreign backed enterprises to sell Indian created products directly in global marketplaces. The policy intends to enhance exports, provide more chances for the manufacturers in India.
The European Union has fined Google €890 million ($1 billion) under the Digital Markets Act (DMA) for allegedly giving preferential treatment to its own services in search results and restricting app developers on the Google Play Store.
Uber has let go of 10% of its Customer Support (Community Operations) team in an operational restructuring that the company is implementing with a focus on integrating AI, streamlining processes, and creating better collaboration.
Temasek is looking at investing in the Indian Premier League (IPL), a sign of growing global interest in one of the world's most lucrative sporting leagues. Singapore's sovereign wealth fund is joining private equity firms and wealthy investors in chasing Indian Premier League clubs.
JPMorgan Chase is looking to hire 1,000 IT specialists for its India worldwide Capability Centre (GCC) in areas like AI, cloud architecture, cybersecurity and data engineering, even as it cuts jobs in some worldwide operations driven by AI.
Amazon has laid off workers in its Artificial General Intelligence (AGI) division, joining a wave of cuts at the company as it refocuses on high-impact AI efforts. Even as it slashes its workforce, the company is still investing in AI infrastructure.
AMD is set to invest up to $5 billion in Anthropic, part of a strategic partnership in AI infrastructure. Anthropic will install 2 GW of AMD Instinct MI450 GPUs in AMD Helios rack-scale systems to increase compute capacity for their Claude AI models.
Paras Defence to set up a greenfield OSAT (Outsourced Semiconductor Assembly and Test) facility in Indore-Ujjain corridor of Madhya Pradesh with an investment of INR 6,200 crore through its subsidiary Paras Semiconductors.
Singaporean investment firm Temasek aims to boost its investments in India, choosing AI, healthcare, financial services and consumer firms as its key long-term growth areas.
Bira 91 founder Ankur Jain has quit the company’s board and leadership after a settlement with lenders and investors, resolving a two-year financial impasse. The deal releases his personal loan guarantees and settles legal claims hanging over him.
IKEA India is strengthening its footprint in Delhi-NCR with a new 30,000 sq. ft. city shop at Saket set to open on July 30, as it aims to have 30 stores in India by 2030. The expansion strengthens IKEA’s retail strategy in one of its fast growing markets
Meesho has refuted InGovern’s GST allegations saying the proxy advisory firm’s representation is not a finding of SEBI or tax authorities. The e-commerce company has not received any communication from the authority.
Cashfree Payments announces zero payment gateway cost offer for new merchants, waiving off charges on transactions up to INR 20 lakh GMV to speed up merchant onboarding before festive season.
OpenAI conducted an internal security test, during which two advanced AI models autonomously executed a simulated cyberattack, successfully breaching Hugging Face servers using stolen credentials and an undisclosed vulnerability. The incident has increased fears of AI-powered cybersecurity threats.
Anant Raj Ltd. has approved demerger of the Data Centre and Cloud Services business of the company into Ashok Cloud Pvt. Ltd. to create a new digital infrastructure company and continue its real estate and infrastructure business.
Wipro Consumer Care & Lighting has purchased Philippines-based S Brands Consumer Care Inc., expanding its presence in Southeast Asia and adding brands such as KERATINplus, AlcoPlus, DeoPlus, Empress and Fiona Cologne to its personal care portfolio.
Volkswagen AG is in advanced talks with the JSW Group to sell a significant stake in its India business and a deal could be concluded in the coming weeks. The partnership will help Volkswagen to boost its presence in the fast growing automotive market of India.
IndiGo has placed a groundbreaking order for more than 1,000 CFM LEAP-1A engines to power 510 Airbus A320neo-family aircraft, which is the largest engine order in the history of CFM International.
Anthropic’s $1.5 billion settlement in a landmark authors’ copyright class action case on the alleged use of copyrighted books to train its Claude AI models has been granted by a US federal court.
TAFE Motors and Tractors Ltd. (TMTL) today launched the first manufacturing collaboration between TAFE and Germany's DEUTZ AG with the inauguration of a fresh DEUTZ engine production facility at Alwar, Rajasthan.
NPCI is also preparing to deploy NFC-enabled UPI Lite offline tap-and-pay transactions of up to INR 2,000 that would enable customers to make payments without internet connectivity on either the customer’s device or the merchant’s POS terminal.
The European Union has fined AliExpress €550 million ($629 million) for not doing enough to prevent the sale of unlawful, counterfeit and hazardous products on its platform under the Digital Services Act (DSA).
Hyundai Motor India has increased its EV charging network to 30,000 charging points through the myHyundai app, providing EV owners of all manufacturers with easy access to charging stations across India. The platform allows for station discovery, prior booking and more.
The Government of India is in the process of formulating a strategy for introduction of ethanol based cooking fuel as a cleaner alternative for households, restaurants and commercial kitchens. The drive, led by the Ministry, intends to extend ethanol use beyond E20 petrol
Tata Power has received a Letter of Award (LoA) from SECI for the supply of 324 MW from its 1,000 MW Bhivpuri Pumped Hydro Storage Project in Maharashtra. The 40-year project, expected to be commissioned by 2029, will boost the renewable energy storage capacity of India.
India’s Unified Payments Interface (UPI) is in talks with Spain’s Bizum digital payments platform to allow Indian tourists to make UPI payments in Spain, bringing the country a step closer to enabling such transactions.
Accenture has rolled out a new 50:50 compensation structure where 50% of an employee’s authorised salary increase will be added to base pay and the other 50% will be paid as a one-time cash incentive in June.
The Central Consumer Protection Authority (CCPA) has taken action against 41 eateries, including Chaayos and Barbeque Nation, for allegedly charging service costs without the approval of customers. The CCPA said required service charges are against the Consumer Protection Act, 2019.
Trent has also announced plans to expand its retail business strategy in India by opening 100 new stores annually as part of its Westside expansion. The Tata Group store wants to grow into the Northeast and strengthen its presence in key cities.
Zepto is likely to trim the size of its IPO by 20% to $650-700 million after investors’ reaction suggested the quick-commerce startup’s valuation at $3.5-4 billion, down from the earlier $7 billion estimate, sources said.
MakeMyTrip has quietly submitted a Draft Red Herring Prospectus (DRHP) for its IPO, taking a significant step towards listing its Indian unit on local stock exchanges. The planned offer for sale (OFS) will boost the company’s financial condition, increase brand recognition and support future growth.
Uber to buy Delivery Hero in €13.8 billion agreement to dramatically expand worldwide mobility and food delivery company. The acquisition will extend Uber’s footprint in 99 markets, boost its Uber Eats platform
MG Motor India has introduced the ADAPT (Advanced Drive Architecture Platform Technology) platform to power its future generation of electric vehicles (EVs) and hybrid automobiles. The platform is for BEVs and plug-in hybrids (PHEVs) and has a high-efficiency petrol engine.
China’s Moonshot AI has released the world’s largest open-weight AI model, Kimi K3, with 2.8 trillion parameters, escalating the race with major US AI startups. Large language model Kimi K3 is built for advanced reasoning, coding and long-context processing.
The Government of India has proposed tighter CAFE-III fuel economy rules for passenger vehicles, effective April 1, 2027, to reduce fuel consumption and carbon emissions. The draft regulations include tougher fleet-average CO2 limits, compliance credits etc.
Trump Media & Technology Group has created a paid data feed to provide licensed API access to Truth Social posts, including Trump updates, to Wall Street businesses and institutional clients.
OnePlus is apparently going to leave the US, Europe and India as parent firm Oppo is restructuring its worldwide smartphone business amid declining sales and mounting market challenges. The reports say the brand would cease operations in major international markets.
Anthropic is offering verified K-12 instructors in the US free access to their premium AI model, Claude, through 2027, to help educators streamline lesson planning, evaluations and classroom activities.
Amazon has chosen Telangana as the site for its largest data centre investment in India, with a pledge of Rs 60,000 crore to develop a hyperscale data centre in Hyderabad’s Bharat Future City. The project forms part of Amazon Web Services’ greater growth in India.
To fast-track its AI-first approach, Wipro has created an AI Native Business and Platforms Unit and pledged $500 million through Wipro Ventures to invest in AI, data and cybersecurity firms. The company is extending its network of relationships with universities, AI laboratories and startups.
Swiggy has signed a deal with Hindustan Petroleum Corporation Ltd (HPCL) for a trial to deliver LPG cylinders to customers' doorsteps via Swiggy Instamart in Bengaluru, which is being called a first of its type in India's quick-commerce space.
The Union Cabinet has granted INR 1.27 lakh crore for India Semiconductor Mission (Semicon) 2.0 for bolstering the country’s semiconductor design and production ecosystem. Announced by IT Minister Ashwini Vaishnaw, the initiative intends to attract INR 4 lakh crore investments.
Big publishers like Hachette, Cengage, Elsevier and author Scott Turow have filed a fresh copyright case against Google, accusing the company of using millions of copyrighted books without authorisation to train its Gemini AI models.
Hero MotoCorp will invest $116 million (approximately INR 1,000 crore) in Ather Energy through a preferential allocation, strengthening its long-term electric vehicle cooperation with Bengaluru-based EV producer. The investment is pending regulatory and shareholder approvals.
The White House has unveiled Gold Eagle, an AI cybersecurity clearinghouse aimed at boosting U.S. national cyber defence through the coordination of vulnerability identification and response across key infrastructure, including banks and utilities.
Deepinder Goyal has announced that Temple, his AI-powered wearable, will be launched in the next 6-12 months. Temple is designed to assess metabolic rate using a new biomarker termed entropy, and intends to provide real-time insights regarding stress, recovery, sleep, meditation, and exercise.
Stripe and Advent International have teamed up to bid more than $53 billion for PayPal, offering $60.50 a share and securing almost $50 billion in committed bank financing to back the bid. The offer comes as PayPal faces slowing growth and rising competition in digital payments.
Demis Hassabis, CEO of Google DeepMind, has called on the United States to spearhead the development of a worldwide AI standards framework to regulate advanced AI models and address national security concerns.