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.
The Competition Commission of India (CCI) has fined HP India INR 138.85 crore and 21 resellers INR 3.52 crore for allegedly colluding to rig bids and forming a cartel in Government e-Marketplace (GeM) tenders.
Anthropic has announced India-specific pricing for its Claude AI helper. The Claude Pro plan starts at INR 2,399 per month and INR 2,000 per month with an annual subscription. The change enables Indian users to make payments in rupee rather than dollar.
Aditya Birla Renewables Ltd, a subsidiary of Grasim Industries, has agreed to acquire Shell’s Sprng Energy for $1.8 billion (INR 17,200 crore) in one of the biggest renewable energy acquisitions in India. The deal will bring ABRen’s portfolio to around 5 GWp.
Pune Gas has called on the Centre to develop India’s first LPG Efficiency Policy Framework as energy costs surge and supply chains are disrupted due to the Iran conflict. To boost fuel economy and safety, the business has advised the promotion of 47.5-kg LOT cylinders.
Volkswagen will cut up to 100,000 positions worldwide as part of a major cost-cutting and restructuring strategy to counter dwindling profitability, disappointing sales in China, growing competition from Chinese electric vehicle makers and rising production costs.
A government-backed Digital Threat Report 2025–26 has warned that frontier AI models are leading to sophisticated cyberattacks on banks with minimal human involvement and pose a rising threat to India’s Banking, Financial Services and Insurance (BFSI) industry.
TCS has renewed its two-decade cooperation with ABB with a multi-million, multi-year deal to modernise the company’s worldwide network operations with AI. TCS to provide network-as-a-service capability at the end-to-end level in support of ABB’s Future Network Model plan.
Flipkart eyes selling shares in logistics provider Shadowfax Technologies worth INR 700-750 crore, cutting its shareholding ahead of the company’s upcoming IPO. Walmart-backed e-commerce giant likely to hold 2% stake to comply with SEBI’s promoter lock-in regulations.
FSSAI has issued nine notifications to Swiggy Instamart on the back of repeated complaints by consumers of suspected food safety and compliance issues. The agency cited concerns like expired, spoilt, contaminated and incorrectly marked food goods, and mismatches in FSSAI licence details.
Microsoft CEO Satya Nadella has warned of a “Reverse Information Paradox” that might lead to a company’s most valuable secrets being leaked through AI. He claimed businesses may increase AI performance by sharing private data, procedures and knowledge.
TCS restructures executive team; launches five new business groups to drive AI-led development and deepen client engagement The restructuring will be concentrated on important industries including BFSI, tourism, cybersecurity, energy, ServiceNow and the US West Coast market.
Anthropic is offering free access to their sophisticated AI model, Claude Fable 5, to qualified customers of its premium AI versions Claude Pro, Max, Team, and Enterprise until July 19. The extension also raises developers’ weekly limits for Claude Code by 50%.
With the revived debate on ethanol blended petrol, Mercedes-Benz India has assured consumers that all its BS VI petrol vehicles are entirely compatible with E20 gasoline. The manufacturer said its approved vehicles promise safety, reliability and performance on E20 fuel.
Apple has sued OpenAI in federal court in California, claiming the AI company exploited trade secrets to manufacture hardware for its popular chatbot, the New York Times reported. The complaint claims that former Apple executives Tang Tan and Chang Liu took proprietary hardware information.
Renault India has entered into a partnership with IIT Kanpur to boost automotive R&D via advanced aerodynamic and wind-noise testing at the NWTF. The cooperation is focused on accelerating the engineering of next-generation vehicles by leveraging the research infrastructure of IIT Kanpur.
ONGC has sanctioned a project to enhance India’s strategic crude oil storage capacity by 1.75 mn tonnes at Mangaluru in Karnataka, boosting the nation’s energy security in the face of global supply uncertainty. The project will help India’s expanding energy needs and strategic petroleum reserves.
Cognisant is scaling its frontier engineering team from 5,000 to 10,000 people to speed enterprise AI adoption and respond to growing client demand. The company will deploy AI-ready engineers, hire global frontier-native talent and enhance industry-specific AI implementation capabilities.
EY India launches an AI-powered CPM tool to enable enterprises monitor, assess and manage cyber risk on a real-time basis. The platform leverages AI, cybersecurity and financial risk quantification to deliver a single pane of view, faster threat response and better decision making.
Indian government has cleared the joint venture between Dixon Technologies and Vivo Mobile India under Press Note 3 which will lead to more smartphone manufacture in India. The joint venture will manufacture Vivo branded smart phones and products for other companies.
The Centre has extended customs tax exemptions on critical electronics components and lithium-ion battery manufacturing equipment till March 31, 2029, to boost India’s manufacturing ecosystem. This will lower the input prices for display modules, wireless charging systems etc.
The Delhi HC Division Bench has been asked by Google to review a single-judge order that limited trademark keyword bidding in Google Ads. The lawsuit stemmed from a verdict in favour of Hindware, which ruled that competitors bidding on the “Hindware” brand was an infringement of the Trade Marks Act.
A US federal court has authorised a settlement reached between Elon Musk and the US Securities and Exchange Commission (SEC) for his failure to disclose his Twitter stock purchases in a timely manner, even as the judge expressed “red flags” about the deal.
BSNL launches satellite phone in India at INR 1.34 lakh, promises dependable communication in rural, network-less locations using satellite connectivity. The device, built with worldwide satellite providers, provides SOS emergency support, a long battery life etc.
Meta has added a new privacy feature to its Ray-Ban AI smart glasses that will instantly turn off the camera if the gadget senses interference with the LED privacy indicator. The upgrade is designed to prevent anyone from taking photos and videos secretly.
Truecaller has expressed concerns about the impact of TRAI’s current restrictions that bar the app from displaying spam notifications for calls coming from the 140 and 160 number series used by banks and telemarketers.
Apple has pledged $30 billion to Broadcom in a multi-year deal to expand U.S. semiconductor manufacturing, its greatest investment in chipmaking in the country so far. The partnership includes the production of more than 15 billion custom chips in the U.S.
OpenAI is preparing for the general launch of its GPT-5.6 Sol, Terra, and Luna models, opening up access to developers and businesses following a limited initial rollout. The company also announced its new voice models, GPT-Live, which enable more natural interactions in real-time.
Ford Motor has launched its third India Technology and Business Services Centre in Coimbatore, boosting its global capability centre (GCC) network. The new site will include technology, data analytics, finance, credit, treasury and business continuity functions.
FSSAI has issued notices to Lotte India, Kubera Foods and FNP for allegedly making deceptive product claims and violating labelling norms. The companies have been given seven days to reply or risk prosecution under the Food Safety and Standards Act, 2006.
Google Cloud intends to expand its AI data centre network in India as enterprise demand for artificial intelligence and cloud services continues to grow, CEO Thomas Kurian said. The firm is looking to bolster its AI infrastructure across the country
China is said to be mulling limits on outside access to its most powerful AI models, a move that might harm developers and companies in India, the US and beyond. Officials are thought to be mulling tougher controls on frontier AI technologies, foreign investment etc.
Meta Superintelligence Labs has unveiled the release of Meta’s new AI-powered image generating and editing model Muse Image. The tool is embedded in Meta AI and lets users create, modify and transform photos using natural language prompts, complex markup features and real-time online context.
Meta has called for increased kid safety safeguards following a government notification about Instagram ads that purportedly included child sexual abuse material (CSAM). The business said it has deleted offensive adverts, suspended thousands of accounts and upgraded AI-powered detection systems.
MakeMyTrip has introduced OneCircle, a loyalty system with 13,376 hotels, homestays and alternative lodgings in 1,002 places in India and beyond. Travellers can earn reward points worth at least 10% of their accommodation spend for future bookings.
A complaint in the US seeks to fine Meta $1.4 trillion, arguing that Facebook and Instagram were designed to keep young users addicted, while misleading the public about the safety of the platforms. Four states are seeking damages before an August trial.
Cult.fit has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a proposed IPO that would consist of a fresh offering of up to INR 950 crore and an offer for sale by existing investors. The funds will go into expanding gyms, reducing debt, growing retail and developing the brand.
Apple has started accepting card payments for App Store & iCloud in India after a gap of 5 years, by upgrading its payment system to conform with the RBI guidelines on card tokenisation and recurring payments.
The Centre is planning a phased introduction of E21 fuel by 2027 and E25 by 2029, limiting ethanol content to 25%, as per India’s ethanol-blending roadmap. The phased roll-out is intended to ease worries about vehicle compatibility, fuel economy and infrastructural readiness.
Flipkart has announced its second ESOP liquidity scheme in two years, allowing qualifying workers to encash up to 5% of their vested stock options at INR 713.4 per share. Flipkart’s move comes after it hit major commercial milestones.
The Government of India has announced an Offer for Sale (OFS) to disinvest up to 5.04 per cent ownership in Cochin Shipyard at a floor price of Rs 1,400 per share. Non-retail investors can place bids from July 7 while retail bidding will be held on July 8.
Microsoft is planning to cut about 4,800 jobs, or 2.1% of its staff, as the tech giant accelerates investments in artificial intelligence and focuses on operational efficiency. Cuts come amid increased expenditures for AI equipment and a wider restructuring of the tech sector.
To capitalise on the increasing demand for high-end food products and enhance order values and margins, Blinkit has introduced its premium grocery offering, ‘Gourmet’ in select pincodes of Bengaluru, Delhi-NCR and Mumbai. The portal offers selected premium products.
Ashok Leyland has teamed with Rosmerta Recycling to enhance the commercial vehicle scrappage ecosystem in India by providing clients access to authorised vehicle scrapping facilities through its nationwide dealer network. The agreement will enable the disposal of end-of-life vehicles.
Meta has until July 9 to reply to concerns raised by the Ministry of Electronics and Information Technology regarding WhatsApp’s proposed username feature. The functionality could increase risks of impersonation, phishing, fraud and identity spoofing.
The use of artificial intelligence technologies by Tesla employees is now limited to $200 per week (about INR 19,000), with management consent needed for any expenditure beyond this. This is a change from the company's previous strategy of encouraging broad use of AI.
India’s Standard Chartered has cut its branch network to 80 from 100 as it shifts focus to advisory-led and wealth management services. The British institution intends to develop its priority banking hubs and enhance its affluent, SME and wealth businesses.
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Nagpur Police have booked Rapido founders Rishikesh S R, Pavan Guntupalli and Aravind Sanka for allegedly running petrol-powered bike taxi services without official nod in Maharashtra. The case was registered after a crackdown by the RTO for violations of the Motor Vehicles Act.
Toyota Kirloskar Motor has explained that the issue displayed in the viral video involving an Innova Hycross was due to the petrol being polluted and not because of E20 fuel. The business said the Hycross is completely developed and certified for E20 petrol.
Centre to call Meta amid accusations Instagram used advertising promoting child sexual abuse material (CSAM) Minister for IT, Ashwini Vaishnaw, has asked MeitY officials to seek an explanation from the firm on the presence of such content on its platform.
India has given a two-year exemption to four Chinese-linked power equipment manufacturers – TBEA Energy, Nanjing Electric India, New Northeast Electric India and Taikai Electric (India) – to bid for major government power transmission projects.
Reports of misuse of Chinese applications BAT BMS and Epoch Li-ion to remotely disable e-rickshaws in Delhi led the Centre to direct their removal from Google Play and Apple’s App Store. Bluetooth-enabled battery management apps can shut down lithium-ion batteries.
Microsoft has announced the formation of Microsoft Frontier Company, a new operational entity supported by a $2.5 billion investment that will assist companies adopt AI solutions suited to their needs. The company will collaborate with big clients including Unilever and Novo Nordisk.
Parle Products, which owns brands like Parle-G, Monaco, KrackJack and Melody, is reportedly planning a $1 billion (INR 9,530 crore) IPO that could value the company at over $10.5 billion (INR 1 lakh crore). The Mumbai-based FMCG major has brought on board top investment banks.
HCLTech has won a $1.14 billion AI-led transformation agreement from a Fortune Global 50 company headquartered in Europe, one of the largest transactions disclosed by an Indian IT services company so far this year.
ITC has launched a premium sugar-free drink under its B Natural brand in India’s cola segment, adding to the competition in the carbonated drinks segment. As consumers look for healthier choices, the company is focusing on the fast-growing segment of drinks with no or minimal sugar.
Google lost its last-ditch appeal against the European Union’s €4.1 billion ($4.7 billion) antitrust penalties, with the European Court of Justice confirming the penalty for anti-competitive actions relating to Android.
Standard Chartered has completed India’s first cross-border payment in a record time of 37 seconds through Swift’s new retail payments service, marking a significant milestone in international remittances. The transaction was completed in near real-time with end-to-end tracking.
Carlsberg has filed draft documents with the market regulator for an IPO of its India business, intending to generate as much as $700 million (about 6,600 crore) through a possible secondary share sale later this year. The Danish brewer is collaborating with top investment banks for the sale.
The Ministry of Labour and Employment has notified the Employees’ Provident Fund (EPF) Scheme, 2026, replacing the EPF Scheme, 1952, which is six decades old, under the Code on Social Security, 2020.
ZEE has approved a capital infusion of Rs 3,143.52 crore through preferential sale of fully convertible warrants to promoter group firm Sunbright Mauritius Investments Ltd. The warrants are priced at INR 126 apiece and are convertible into equity shares within 18 months.
The Adani Group and Abu Dhabi’s International Holding Company (IHC) will spend $11.5bn in a new integrated aluminium manufacturing complex in Odisha, which may boost India’s aluminium production capacity by about 50%. The project will involve refining and smelting activities.
WhatsApp has said that its new username feature that will allow users to talk without providing phone numbers isn’t operational yet, and will be rolled out gradually later this year with various safety safeguards. This explanation comes after a government notice to Meta.
The Expenditure Finance Committee of the Finance Ministry has granted INR 1.25 lakh crore for India Semiconductor Mission 2.0, subject to final approval of the Cabinet. The extended initiative is aimed at boosting the semiconductor ecosystem in India.
The parent of Oyo, Prism Hotels and Resorts, has filed an updated draft red herring prospectus (UDRHP) with the Securities and Exchange Board of India (SEBI) for an INR 6,650 crore IPO containing only a fresh issue of shares, without any offer-for-sale component.
Delhi Cabinet has adopted a new Electric Vehicle (EV) Policy with an outlay of INR 15,000 crore to promote sustainable transportation and reduce pollution. The program provides incentives for purchase and scrapping of electric two-wheelers, three-wheelers and commercial vehicles.
Tata Electronics has been hit by a massive data leak that’s revealed crucial information regarding Apple’s future iPhone 18 Pro, including a list of suppliers, component specs and photos of the product. The data allegedly include private documents connecting suppliers to major iPhone parts.
Adani Ports and Special Economic Zone (APSEZ) has signed an agreement to divest a 49% stake in Adani Vizhinjam Port Private Limited to Terminal Investment Limited (TiL), the port investment arm of the MSC Group, for $1.397 billion.
Ford has brought back around 350 veteran engineers after its artificial intelligence-powered quality control systems failed to meet expectations. The carmaker said artificial intelligence could not replace the experience and know-how of veteran engineers.
BT Group and Verizon have agreed to combine their global enterprise operations in a 50:50 international joint venture to build a next-generation connectivity platform for multinational organisations. The new company will have more than 3,000 customers in more than 180 countries.
British American Tobacco (BAT) intends to remove 9,000 jobs worldwide as part of an AI-driven transformation programme which will save £600 million a year by 2028. The tobacco giant is re-inventing itself as a more technology-enabled and cost-efficient company.
The relentless growth of Amazon and Flipkart into India’s quick-commerce sector has led to a market meltdown, erasing more than $15 billion of value from Eternal and Swiggy. Blinkit, has seen its stock tumble 28% from its highs, while Swiggy has lost close to 47% as competition heats up.
India’s cybersecurity agency CERT-In has issued a stern warning about a malware campaign targeting WhatsApp Web and Desktop users through malicious VBScript (.vbs) attachments. Cybercriminals are now leveraging hacked WhatsApp accounts to disseminate malicious files to trusted contacts.
Zerodha has applied for a Category 1 merchant banking licence with SEBI and is all set to foray into India’s investment banking business, marking a big expansion of its financial services portfolio. The licence would allow the firm underwrite IPOs, advise companies on fund raising etc.
South Korean President Lee Jae Myung is scheduled to announce a multi-billion-dollar investment push in artificial intelligence, semiconductors and robotics to help the country’s next phase of economic growth. The proposal calls for a new semiconductor hub in the southwest.
OpenAI has launched its GPT-5.6 series in a limited US-only preview after a request from the US government to adopt a phased rollout for advanced AI models. The new lineup includes Sol, Terra, and Luna, designed for high-performance, everyday, and cost-efficient AI tasks.
The US government has allowed a restricted release of Anthropic’s powerful Mythos AI model after the firm introduced new protections to address national security risks. But the government still has to approve the broader release of Fable, a less-powerful version of the model.
The startup behind the popular AI chatbot is considering delaying its IPO until 2027, reports say, citing persistent volatility in technology equities and concerns over investor demand for high-valued AI companies. The manufacturer of ChatGPT had been aiming for a valuation of about $1 trn.
The Delhi High Court has directed Meesho to remove listings of products that infringe Jockey’s trademark, including “JOYKE,” “JOYEBEE,” and “JOYESS,” which are confusingly similar to the registered “JOCKEY” mark. The court asked Meesho to remove the products on its platform within 36 hours.
According to sources, the Trump administration has instructed OpenAI to reveal their future GPT-5.6 model in phases, initially to a select group of partners and subsequently to the wider public. The move highlights rising US concerns about the safety and power of advanced AI systems.
Foxconn Singapore has increased its holding in its Indian arm Foxconn Hon Hai Technology India Mega Development Ltd, after a $37.2 million investment took ownership to 99.9%. The move comes as part of Foxconn's ambitious expansion strategy in India and its "3+3+3" framework.
Anthropic has accused Chinese tech giant Alibaba of launching the biggest known AI ‘distillation attack’ to illegally strip the capabilities from their Claude AI model. The AI startup said that operators affiliated to Alibaba had deployed thousands of false accounts to mimic Claude’s reasoning.
Apple has raised the pricing of its Macs, iPads, Apple TV and HomePod gadgets substantially in India as global DRAM and NAND memory prices climb, but kept the iPhone price unchanged. Apple’s price hikes are affecting products across the company’s range with some models 89% higher.
Now that Instagram is available on Samsung Smart TVs in the US, Indian marketing and media luminaries are debating what it means for the television industry. Experts feel that if Instagram TV is released in India, then it can blur the barrier between social media and traditional television.
Amazon’s long-term focus on India is renewed and the company aims to invest $48 billion from 2026 to 2030, CEO Andy Jassy said during a meeting with Prime Minister Narendra Modi.
India is set to approve a $370 million investment by Horse Powertrain, a hybrid-engine business funded by Geely, Renault and Saudi Aramco, in what would be one of the largest Chinese-linked industrial ventures since India loosened investment regulations for nearby nations.
The BHIM Payments App witnessed a significant jump in digital transactions, with monthly volumes climbing from 79.64 mn in June 2025 to 244 million in May 2026, demonstrating robust growth led by increased use of UPI.
Qualcomm said it will buy AI infrastructure company Modular to improve its software stack and broaden its footprint in the fast-growing AI data center industry. The transaction, worth roughly $4 billion, will provide Qualcomm with access to Modular’s developer-friendly AI platform.
The announcement of Jalapeno, the first in-house AI chip built in collaboration with Broadcom, is a key step toward establishing its own AI infrastructure, said OpenAI. The bespoke CPU is intended to run ChatGPT, Codex and future AI models, and is designed to give improved performance per watt.
Nexus Venture Partners, an early investor in Delhivery, has offloaded shares worth INR 208 crore through a block trade, significantly paring its holdings in the logistics firm. It’s the third time the company has divested a stake in the June quarter.
Meta’s CEO Mark Zuckerberg has apparently entrusted a dedicated team with building Arena, a standalone prediction markets software that would be competing with Kalshi and Polymarket.
Amazon is pushing its quick-commerce business aggressively, Amazon Now with the competition heating up with Flipkart Minutes, Blinkit, Zepto and Instamart trying to touch 300 cities across India.
The US President Donald Trump has signed two executive orders to speed up research of quantum computing and keep America at the technical forefront. The steps aim to advance quantum computing, deploy quantum sensors and migrate federal systems to post-quantum encryption.