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.
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.