Amazon CEO Andy Jassy met Prime Minister Narendra Modi and announced the company's intention to invest an additional USD 13 billion in India by 2030, focusing on expanding AI and cloud infrastructure.
Customs officials at Delhi airport arrested an Indian passenger arriving from Bangkok after seizing approximately 6.9 kg of suspected marijuana, valued at Rs 2.43 crore, from his baggage. The passenger faces charges under the NDPS Act, and an investigation into the drug's origin and destination is underway.
Despite a wobbly screenplay and an overstretched runtime, Anbe Diana charms with its light-hearted approach and Ramya Ranganathan's performance.
Reliance Industries Ltd reported a 22 per cent year-on-year decline in consolidated net profit for the June quarter, primarily because the previous year's earnings were inflated by a one-time gain from the sale of its stake in Asian Paints.
Nebex, founded by former Axiom Space executives, aims to build commercial infrastructure for the global space economy.
US Republican Senator Lindsey Graham, a prominent ally of former President Donald Trump and an influential voice on American foreign policy, has passed away at 71 following a 'brief and sudden illness', leaving a significant void in Washington's political landscape.
India's domestic passenger vehicle sales experienced a robust 24.6 per cent year-on-year increase in June, propelled by favourable government policies like income tax relief and repo rate cuts, alongside resilient rural demand, even as global crude oil prices pose potential cost pressures.
Real estate startup Landeed plans to invest Rs 30 crore this fiscal year to expand its business, focusing on enhancing its AI-powered property title search engine, Terra. This investment will boost GPU infrastructure, develop specialised language models, and improve Indic OCR for Indian property records, aiming to streamline property due diligence across 26 states and 4 union territories.
The scheme, called 'Suhana Safar', targeted customers who aspire to own a car but were hesitant because of concerns around arranging the down payment or managing future EMI obligations.
With customers queued up and spilling onto the sidewalk at Cookieteria by Lovely, eager to grab fresh World Cup-themed conchas, baker Erika Lopez is worried about letting some down.
The government will lift restrictions on the sale of petrol and diesel to commercial and industrial consumers from July 1, easing emergency measures imposed to manage fuel supplies.
Tata Motors Passenger Vehicles is gearing up for the next phase of electric vehicle adoption in India, targeting over 30% EV penetration by FY31. The company plans to launch four new products and over ten refreshes by FY31, expanding its portfolio to ten EV nameplates. This strategy aims to move beyond early adopters to engage the early and late majority consumers, focusing on enhanced range, faster charging, and improved battery technology.
Bhubaneswar police have busted a fraudulent digital escort service racket, arresting four individuals for allegedly misusing women's photographs on social media and cheating customers through online payments. The investigation, initiated by a woman's complaint, led to the seizure of digital evidence and a public advisory against such scams.
Mahindra Group CEO Anish Shah emphasizes the critical role of Artificial Intelligence, advocating for its meaningful integration at scale across all aspects of the company. He highlights that AI is redefining industries and decision-making, urging a proactive approach to leverage its potential. Shah also addresses global uncertainties, stating the group's commitment to accelerate amidst challenges and aim for global leadership.
Indian companies' overseas expansion plans are holding strong despite geopolitical tensions in West Asia, driven by structural factors like supply-chain diversification, free trade agreements, and market expansion, according to Ajay Sharma, managing director and head of banking at HSBC India.
The Employees' Provident Fund Organisation (EPFO) is set to credit the 8.25 per cent interest on provident funds for FY26 to 34 crore member accounts by July 15, enabled by its new centralised IT system (CITES). This upgrade promises enhanced operational efficiency, transparent services, and easier access to PF details and claims for members.
The Mumbai Customs department seized narcotics, foreign currency, gold, and precious stones worth over Rs 46 crore at the Mumbai international airport in a week.
Merlin, the pet duck in a mini Mexico shirt who has become a viral sensation and an unofficial mascot of the World Cup, met Mexico's president on Monday.
SBI Funds Management, India's largest asset management company, has set its IPO price band between 545 and Rs 574 per share, valuing the company at 1.2 trillion. The management explained the 'moderate' valuation aims to instil investor confidence amidst market uncertainty, while also highlighting plans for AI integration, expansion into GIFT City, and new alternative investment funds.
Passenger vehicle sales in India are estimated to have surged by nearly 25 per cent in June 2024, reaching approximately 4 lakh units, with Maruti Suzuki, Tata Motors PV, and Mahindra & Mahindra leading the growth, despite concerns over geopolitical tensions and monsoon impact.
The first thing cardholders should do after spotting a suspicious charge is block the card.
'With this deal, we may see even 50 launches a year within the next few years.'
Customs officials at Delhi's Indira Gandhi International (IGI) Airport intercepted a passenger from Bangkok and seized 4.045 kg of suspected hydroponic weed, valued at Rs 1.42 crore. The passenger has been booked under the NDPS Act, and further investigation is ongoing to determine the source and recipients.
Delhi Police busted a prostitution racket operating under the guise of a spa in Paharganj, arresting one man and rescuing five women after a decoy operation.
The Adani Group-owned Navi Mumbai International Airport is slated to commence international passenger and freighter operations from July 15. This marks a significant expansion for the airport, which began domestic services last December. Air India Express and IndiGo are expected to operate international flights, with customs readiness reviews already completed. The airport anticipates a substantial increase in daily passenger footfall and air traffic movements by the year-end.
Tata Consultancy Services (TCS) has announced a global partnership with AI major Anthropic to help enterprises accelerate their adoption of artificial intelligence, including equipping 50,000 TCS employees with Anthropic's Claude AI models.
Tata Motors expands its market leadership in India's electric passenger vehicle (ePV) segment, capturing 39 per cent of the market in Q1FY27, while simultaneously strengthening its position as the nation's second-largest carmaker amidst fierce competition and rapid market growth.
Bengaluru customs arrested a passenger arriving from Bangkok at Kempegowda International Airport with 14.93 kg of hydroponic ganja worth Rs 5.23 crore, concealed in check-in baggage. The arrest was made under the NDPS Act.
Delhi Police successfully thwarted an ATM fraud attempt in Dwarka, arresting two individuals from Nuh, Haryana. The accused used a steel plate to trap cash in ATM machines, making customers believe transactions failed, and later collected the money. They have confessed to multiple similar incidents.
A 29-year-old private bank employee and former 'Mrs Kerala' beauty pageant runner-up, Harsha Sunny, has been arrested by Mumbai Customs for allegedly smuggling 11.8 kg of hydroponic weed, valued at Rs 11.8 crore, from Bangkok. She claims she was unaware of the bag's contents, stating she was exploited by traffickers.
Democratic Republic of Congo's national football team, known as 'The Leopards', make a striking and stylish entrance at the 2026 FIFA World Cup.
Hyderabad-based SETL, a precision engineering company, has acquired a 51% majority stake in GScale Energy Private Limited, an AI Datacenter Engineering infrastructure specialist. This strategic move involves an initial investment of Rs 190 crore, with a total commitment of Rs 500 crore, marking SETL's expansion into the rapidly growing AI Datacenter sector and leveraging its expertise from pharmaceutical and chemical industries.
The Central Board of Indirect Taxes and Customs (CBIC) announced the implementation of the Eligible Manufacturer Importers (EMI) scheme from April 1, allowing eligible importers to defer customs duty payments.
The Reserve Bank of India has imposed a penalty of Rs 41.8 lakh on Canara Bank for non-compliance with KYC norms and incorrect account classification, and Rs 3.1 lakh on Puran Associates Pvt Ltd for asset classification violations.
A new report reveals a significant shift in India's AI hiring landscape, moving from experimental roles to those focused on deployment, integration, and scaling of AI solutions. Employers, including GCCs, IT services, and enterprises, are increasingly seeking professionals who can implement AI across core business operations, leading to a demand for core AI roles that currently outstrips the available supply.
A tribal family in Chhattisgarh's Narayanpur district was briefly evicted from their village by residents over alleged religious conversion but was allowed to return after agreeing to reconvert to their original faith. Police and district officials intervened to resolve the dispute.
These new provisions are expected to help heirs access securities faster.
The Maharashtra Food and Drug Administration (FDA) has suspended the food business licences of six restaurants and eateries in Mumbai, including a posh establishment in Nariman Point. The action followed raids that uncovered unhygienic kitchens, expired stock, misbranded products, and pest infestations. The FDA also seized banned food items and made arrests during a wider statewide enforcement drive, vowing continued strict action.
Recognising the growing use of AI/ML models by regulated entities across business and decision-making processes, the RBI said weaknesses in governance, oversight, risk management, and controls could expose institutions to financial, operational, compliance, and reputational risks.
'With Vikram-1, we take our biggest step yet towards a reliable, high-cadence launch programme built in India, for India and the world.'
