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Meta’s AI Talent War: OpenAI Feels the Heat as Engineers Jump Ship Meta’s aggressive push to dominate the artificial intelligence race is shaking up Silicon Valley — and OpenAI is feeling the pressure. In recent weeks, Meta has launched an all-out talent offensive, offering eye-watering $100 million bonuses to lure top engineers away from OpenAI and other tech giants. Several OpenAI staff members have already made the jump, sparking alarm within the company behind ChatGPT. OpenAI's Chief Research Officer Mark Chen voiced his concerns in a leaked Slack message, comparing Meta’s actions to a break-in. “I feel a visceral feeling right now, as if someone has broken into our home and stolen something,” Chen wrote. He also said OpenAI is working “around the clock” to retain team members who’ve received Meta offers. The push is part of Meta CEO Mark Zuckerberg’s broader ambition to position the company at the forefront of the generative AI revolution. Meta has even recruited Scale ...

PM Modi’s 5-Nation Visit: Historic Addresses in Ghana, Namibia and Trinidad and Tobago Prime Minister Narendra Modi is all set for a significant diplomatic journey — a five-nation visit from July 2 to July 9 , covering two continents and aiming to enhance India’s global outreach , particularly with nations of the Global South . This trip will be PM Modi’s longest overseas tour in the last ten years , with stops in Ghana, Trinidad and Tobago, Argentina, Brazil, and Namibia . According to the Ministry of External Affairs, the visit will include high-level meetings, community interactions, and three special addresses to foreign parliaments . Key Highlights of PM Modi’s Five-Nation Tour: Ghana First visit by an Indian Prime Minister to Ghana in 30 years. Delegation-level talks will review and expand bilateral cooperation. PM Modi will address the Parliament of Ghana . He will also interact with the Indian diaspora , which is about 15,000 in number . Namibia First visit by ...

  Major Financial Updates Effective from July 1: Aadhaar-PAN Link, ITR Deadline, Train Ticket Rules & Credit Card Charges From July 1 , several new financial regulations are coming into effect in India, impacting everything from PAN card applications and ITR filing to train reservations and credit card transactions . Whether you're a taxpayer, a frequent traveler, or a credit card user, here’s what you need to know about the latest updates: 1. Aadhaar Now Mandatory for New PAN Card Applications The Central Board of Direct Taxes (CBDT) has made it mandatory to verify Aadhaar for all new PAN applications starting July 1. Previously accepted documents like a birth certificate or driver’s license will no longer suffice. If you're an existing PAN holder and haven't yet linked it with Aadhaar, you have time until December 31 . Failing to link PAN with Aadhaar may result in your PAN becoming inactive, which can disrupt your financial operations and tax filing...

Markets Slide After Four-Day Rally as Banking Stocks Weigh Heavily India’s stock markets snapped a four-day winning streak on Monday, June 30, 2025 , as profit-taking hit major banking stocks , leading to a notable decline in benchmark indices. The BSE Sensex fell 452.44 points (0.54%) , closing at 83,606.46 , while the NSE Nifty dropped 120.75 points (0.47%) to settle at 25,517.05 . Earlier in the day, the Sensex plunged as much as 576.77 points , hitting an intraday low of 83,482.13 . Key Laggards: Axis Bank Kotak Mahindra Bank ICICI Bank HDFC Bank Reliance Industries Maruti UltraTech Cement Bajaj Finance Tata Steel Bharti Airtel These stocks were the main drag on market sentiment after the recent strong uptrend. Top Gainers: Trent State Bank of India Bharat Electronics Titan Bajaj Finserv Despite the overall dip, these stocks managed to stay in the green. Recent Rally Recap: Over the past four sessions, the Sensex surged 2,162 points (2.64%) , while t...

8 Years of GST: PwC Recommends Simplified Tax Slabs and Inclusion of Petro-Products As the Goods and Services Tax (GST) in India marks its 8th anniversary on July 1, 2025 , leading consultancy firm PwC India has called for key structural reforms to strengthen the tax framework and make it more globally competitive. According to the report, the GST Council , consisting of finance ministers from both the Centre and States, should focus on simplifying compliance , reducing the tax slabs from four to three , and expanding the tax base by including petroleum products under the GST regime. GST, introduced in 2017 , successfully unified 17 different local taxes and 13 cesses into a common five-tier tax structure , bringing uniformity to India’s indirect tax system. Over the years, monthly GST collections have shown robust growth , rising from ₹90,000 crore in FY 2017-18 to ₹1.84 lakh crore in FY 2024-25 , with a record high of ₹2.37 lakh crore in April 2025 . PwC notes that India’s...

  Amazon Opens Fulfilment Centres in Delhi & Bengaluru for Public Tours – See How Your Orders Are Delivered Ever wondered how your Amazon package makes its journey from your screen to your doorstep? Now, you can experience the magic firsthand ! Starting Q4 2025 , Amazon is opening up its massive fulfilment centres (FCs) in Delhi NCR and Bengaluru for the public to visit — absolutely free. What You’ll See on the Tour During these 45 to 60-minute guided tours , you’ll walk through Amazon’s high-tech warehouses , where Millions of products are stored Customer orders are packed and shipped You'll see how technology and people work together to get packages out the door Abhinav Singh , VP of Operations for India and Australia, said: “These tours offer visitors a behind-the-scenes look at the technology and people working together to deliver for our customers every day.” Inside India’s Biggest Fulfilment Centres Delhi NCR FC : The largest fulfilment centre in North ...

 A Strategic Ally in the Indo-Pacific – White House Highlights Modi-Trump Bond In a recent White House press briefing held on Monday (US local time) , Press Secretary Karoline Leavitt reaffirmed India's pivotal role as a strategic ally in the Indo-Pacific region. She also acknowledged the strong personal rapport between US President Donald Trump and Indian Prime Minister Narendra Modi . “India remains a very strategic ally in the Asia Pacific” Responding to a question by ANI regarding China’s growing influence in the Indo-Pacific , Leavitt stated, “India remains a very strategic ally in the Asia Pacific and the President has a very good relationship with Prime Minister Modi, and he will continue to have that.” Her comments come at a time when External Affairs Minister S. Jaishankar is visiting the United States to attend the QUAD Foreign Ministers’ Meeting . India's Continued Role in the QUAD Alliance During his US visit, Minister Jaishankar inaugurated an exhibi...

  China Acknowledges Complexity of Border Dispute Amid India’s Push for Permanent Solution China has officially responded to Indian Defence Minister Rajnath Singh’s recent remarks urging a permanent resolution to the border dispute, stating that the matter is “ complicated ” and requires time to resolve. During a bilateral meeting in Qingdao on June 26 with Chinese Defence Minister Dong Jun , Singh emphasized the need for long-term stability by rejuvenating existing diplomatic mechanisms to clearly define the border. In response, Chinese Foreign Ministry spokesperson Mao Ning said that while the boundary question is indeed complex, both countries have already built a foundation for dialogue. "China and India have established the Special Representatives mechanism on the boundary issue," Mao said. "We have also agreed on Political Parameters and Guiding Principles for the settlement." She added that diplomatic and military communication mechanisms are in...

Small Savings Schemes: Interest Rates Remain Unchanged for Q2 FY26 Interest Rates for PPF, SCSS, SSY, and Other Schemes Stay the Same for July–September Quarter The Ministry of Finance has announced that the interest rates for small savings schemes will remain unchanged for the second quarter (July to September) of FY 2025-26. This includes popular schemes such as the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Senior Citizens’ Saving Scheme (SCSS), and National Savings Certificate (NSC). For investors, this means continued stable returns on government-backed savings instruments, regardless of fluctuations in market conditions. The government has once again chosen to maintain the status quo, supporting predictable income streams for conservative savers. Key Interest Rates (Q2 FY26): PPF : 7.1% SSY : 8.2% SCSS : 8.2% NSC : 7.7% Kisan Vikas Patra (KVP) : 7.5% (maturity in 115 months) Post Office Time Deposits : 1 Year: 6.9% 2 Years: 7.0% 3 Years: 7.1% 5 Y...

  Top Stock Picks for Short-Term Gains: Adani Green, Asian Paints & Bank of Baroda Indian equity markets took a pause on Monday after a four-day rally. The BSE Sensex declined by 452 points (0.54%) to close at 83,606, while the NSE Nifty dropped 121 points (0.47%) to 25,517. However, mid-cap and small-cap stocks remained strong, with gains of 0.60% and 0.52% respectively. Despite this slight correction, some stocks are showing promising potential in the short term. As per technical insights from Vatsal Bhuva, Technical Analyst at LKP Securities, the following three stocks could offer attractive opportunities for traders: Bank of Baroda (BoB) Buy Range: ₹248–₹249 Target: ₹262 Stop Loss: ₹240 The stock has moved above its 20-day EMA after consolidating around its 200-day EMA. A bullish candlestick pattern along with a rising RSI at 61 indicates upward momentum. This setup presents a good swing trade opportunity. Asian Paints Buy Price: ₹2,340 Target: ₹2,465 Stop...

  India’s Renewable Energy Push Faces Major Grid and Policy Challenges India’s drive toward a green energy future is ambitious but faces serious roadblocks. According to experts at S&P Global Commodity Insights , major challenges like outdated infrastructure, complex regulatory frameworks, and financially stressed distribution companies are threatening to delay India’s energy transition. Despite having crossed 200 GW of installed renewable energy capacity , India has set a much larger target — reaching 500 GW by 2030 . However, experts caution that such a transition cannot happen without substantial investment in modern grid systems and energy storage technologies . Eduard Sala de Vedruna, Head of Research for Energy Transition at S&P Global, stated, “India continues to rely heavily on coal. While there is strong momentum toward solar and wind, success will require better infrastructure and smarter grid management.” He also noted that investments in electric vehicles,...

   India’s Industrial Output Falls to Nine-Month Low of 1.2% in May 2025 India’s industrial output dropped to a nine-month low of 1.2% in May 2025 , down from 2.6% in April , as heavy rains and weakened sectoral performance weighed on overall growth, according to official data released on June 30. Aditi Nayar , Chief Economist at ICRA, noted that the early arrival of the monsoon adversely impacted mining activities and reduced electricity demand. Alongside weak manufacturing activity, these factors contributed to the subdued Index of Industrial Production (IIP) performance in May. This decline is in line with the country’s core sector output, which also slowed to 0.7% , the lowest in nine months, from 1% in April. Sector-Wise Highlights: Electricity generation recorded its sharpest decline in five years, falling by 5.8% . Manufacturing growth remained muted, contributing little to overall output. Mining showed continued weakness, contracting by 0.1% for the secon...

  Govt Keeps Small Savings Scheme Rates Unchanged for July–September 2025 Quarter In a move aimed at financial consistency, the Government of India has maintained the existing interest rates on small savings schemes for the second quarter of FY 2025-26 , spanning July 1 to September 30, 2025 . According to a notification issued by the Ministry of Finance , this marks the sixth consecutive quarter where no changes have been made to these popular savings instruments. Key Interest Rates for Q2 FY 2025-26: Sukanya Samriddhi Yojana : 8.2% Public Provident Fund (PPF) : 7.1% National Savings Certificate (NSC) : 7.7% Kisan Vikas Patra (KVP) : 7.5% (Maturity in 115 months) Three-Year Term Deposit : 7.1% Monthly Income Scheme (MIS) : 7.4% Post Office Savings Deposit : 4% These rates mirror those notified for the April–June 2025 quarter , offering continued stability for investors who depend on government-backed savings plans. Small savings schemes are largely administered by p...

 India’s GST Collections Double in Just 5 Years, Surging to ₹22.08 Lakh Crore in FY25 India's indirect tax landscape is witnessing a record-breaking transformation. In a significant fiscal milestone, Gross Goods and Services Tax (GST) collections reached a historic high of ₹22.08 lakh crore in FY2024-25 , nearly double the ₹11.37 lakh crore recorded in FY2020-21. This sharp rise underscores the maturing of India’s GST system since its implementation in 2017. Over the past five years, the average monthly GST collection rose from ₹95,000 crore in FY22 to ₹1.84 lakh crore in FY25 — a strong indicator of growing compliance, expanding economic activity, and improved administration. The most substantial monthly collection so far was in April 2025 , clocking ₹2.37 lakh crore , followed by ₹2.01 lakh crore in May . The data for June is expected soon and could further cement this upward trend. According to official sources, GST has not only streamlined the taxation structure by repla...

Luxury EV Sales in India Surge 66% in 2025 as High-End Buyers Ditch ICE Cars Luxury EV Boom: India’s Premium Car Buyers Embrace Electric in 2025 India’s premium automotive market is undergoing a dramatic shift, with electric vehicles (EVs) emerging as the new favorite among affluent buyers. In 2025, luxury EV sales jumped by a staggering 66%, signaling a growing preference for clean energy over traditional internal combustion engine (ICE) cars. As per VAHAN data, EVs made up 11% of luxury car sales between January and May 2025, compared to just 7% during the same period in 2024. This sharp rise showcases the accelerated acceptance of electric mobility among India’s elite. The transformation isn't limited to new cars. The used-luxury vehicle market also reflects this trend — nearly 19% of pre-owned luxury vehicles sold so far in 2025 were EVs, up from less than 5% a year ago, according to Luxury Cart, a key player in the segment. What’s fueling this demand? A wave of premium...

Dip Buying Pays Off in 2025: How Bold Investors Turned Market Panic into Profit Why Buying the Dip Worked in 2025 — And What It Means for Future Investors In times of market turmoil, buying the dip often feels like catching a falling knife. But for courageous investors in 2025, it turned out to be a winning strategy . Despite a turbulent start to the year marked by global uncertainty, trade conflicts, and political drama, those who stepped in during the lows were handsomely rewarded . As we reach mid-2025, the S&P 500 is soaring at record highs , fueled by rebounds in major stocks and improving geopolitical sentiment. 📉 The April Crash & Fast Recovery The biggest buying opportunity this year came just after Liberation Day (April 2) , when the S&P 500 plunged 12% in just days . Markets had already struggled through tariff-related jitters in February and March. Yet, within a month of the sharp fall, the index fully recovered. Thanks to a string of trade agreements —...

Zee’s ₹2,237 Cr Fundraising Plan Faces Opposition from Proxy Advisory Firms Zee Entertainment’s ₹2,237 Cr Fundraise Faces Pushback from Proxy Advisory Firms Zee Entertainment Enterprises Ltd.’s recent proposal to raise ₹2,237 crore through fully convertible warrants has come under scrutiny. Three leading proxy advisory firms have issued warnings, advising shareholders to vote against the resolution , citing concerns about shareholder dilution and lack of transparency. 📢 Advisory Firms Raise Red Flags The advisory firms — Stakeholders Empowerment Services (SES) , Institutional Investor Advisory Services (IiAS) , and InGovern Research — have urged shareholders to oppose the preferential issue of fully convertible warrants to promoter entities. In its recommendation, InGovern Research stated, “Given the excessive dilution from the proposed warrants issue and the recent challenges faced by Zee, the increase in promoter holding may not be in the best interest of minority sharehol...

Top 10 Indian Companies Add ₹2.34 Lakh Crore in Market Cap — Reliance Leads the Surge Nine of India’s Top 10 Valued Companies Gain ₹2.34 Lakh Crore in Market Cap; Reliance Tops the Chart India’s stock market witnessed a strong bullish run last week, with nine out of the top ten most valued companies posting significant market capitalisation gains. The combined addition to their value stood at a massive ₹2,34,565.53 crore , reflecting investor optimism and positive sentiment across sectors. The BSE Sensex surged 1,650.73 points , or 2% , during the same period. 📈 Reliance Industries Emerges as the Top Gainer Reliance Industries led the charge with an impressive ₹69,556.91 crore rise in its market cap, taking its total valuation to ₹20,51,590.51 crore . This solidified its position as India’s most valuable company. Following closely, Bharti Airtel added ₹51,860.65 crore , pushing its market value to ₹11,56,329.94 crore . Meanwhile, HDFC Bank recorded a robust increase of ₹37,...

AI Adoption in Indian MSMEs: Between Potential and Practical Hurdles India’s micro, small, and medium enterprises (MSMEs) are standing at a crucial intersection — where the promise of artificial intelligence (AI) meets the hard realities of cost, compliance, and capability. Despite AI's transformative potential, its adoption across India's vast MSME ecosystem remains limited. A recent government report titled ‘Enhancing MSMEs Competitiveness in India’ explores the many barriers preventing MSMEs from fully leveraging AI technologies. It reveals a landscape full of promise, but also laden with significant challenges. 🔍 Lack of Awareness & Legal Uncertainty A major stumbling block is the lack of awareness surrounding AI implementation and India's evolving data protection laws . Many MSMEs remain unclear about how compliance works when integrating AI into business workflows. The report suggests that government-led awareness campaigns and simple, clear guidelines c...

Tata Harrier.ev AWD Launched in India: Price, Specs & Highlights Tata Motors has officially unveiled the pricing of its much-awaited Harrier.ev AWD lineup, marking a significant step forward in India’s electric vehicle segment. With dual-motor Quad Wheel Drive (QWD) technology, the Harrier.ev aims to redefine electric SUV performance, off-road capability, and safety standards in the country. 🔹 Harrier.ev AWD Price & Variants Bookings for the Harrier.ev open from July 2, 2025 , with introductory pricing starting at ₹21.49 lakh and going up to ₹30.23 lakh (ex-showroom). The newly introduced AWD variants start from ₹28.99 lakh, placing them as the premium offering in the lineup. Here’s a breakdown of key variant prices: Adventure 65 – ₹21.49 lakh Fearless+ 65 – ₹23.99 lakh Empowered 75 – ₹27.49 lakh Empowered AWD 75 – ₹28.99 lakh Empowered AWD ST 75FC – ₹30.23 lakh ( Note: FC stands for Fast Charger-equipped variants. ) 🔧 Dual Motor Tech & Off-Road Perf...

DLF Ltd Eyes ₹22,000 Cr Presales in FY26: A Top Realty Stock to Track India’s real estate sector continues its upward trajectory, with both residential and commercial segments showing solid momentum. In the first quarter of 2025 alone, around 65,000 new housing units were launched and sold, indicating a well-balanced market. On the commercial front, leasing activity is projected to grow by 3-4% in FY26, potentially reaching 60–61 million sq. ft., fueled by urban expansion and strong demand for office spaces. Amid this real estate boom, DLF Ltd , a leading realty giant, remains firmly in the spotlight. With a market capitalization of ₹2.09 lakh crore, DLF's stock closed at ₹845.85, reflecting a slight dip of 0.16% from the previous close of ₹847.20. 🔹 Presales Guidance for FY26: ₹20,000–₹22,000 Cr DLF has maintained an ambitious presales target of ₹20,000–₹22,000 crore for FY26. This reflects the company’s confidence, supported by its consistent outperformance in recent years....

New ITR Filing Norms for AY 2024-25: What Every Taxpayer Needs to Know The Income Tax Return (ITR) filing process for Assessment Year (AY) 2024–25 has undergone significant changes. The Income Tax Department has introduced enhanced disclosure requirements aimed at improving transparency, curbing inaccurate claims, and accelerating the return processing system. These changes primarily impact salaried individuals and those opting for the old tax regime. 🔍 More Accurate Disclosures for Common Deductions One of the most notable updates is the increased scrutiny on House Rent Allowance (HRA) claims. Earlier, taxpayers could enter a lump-sum exemption amount manually. Now, they are required to provide a detailed breakdown, including: Place of employment Actual rent paid Basic salary Exact amount of HRA received This new system ensures that only legitimate claims are approved and reduces the chances of incorrect exemptions. Similarly, for Section 80C deductions (which include inv...

  NSE to Launch Incentive Scheme to Boost Participation in Electricity Futures Trading In a significant move to deepen market participation, the National Stock Exchange (NSE) has announced the rollout of a Liquidity Enhancement Scheme (LES) for electricity futures. The scheme, aimed at attracting active traders, will take effect from July 11, 2025 , as per the official circular released on June 27 . This development follows regulatory approval earlier this year, allowing NSE to introduce electricity futures contracts —a product gaining global traction due to the increasing demand for power derivatives. 🔹 Understanding Electricity Futures Electricity futures are financial instruments that allow stakeholders to fix electricity prices for a future month. These are non-deliverable contracts , meaning no physical power is transferred. Traders, energy producers, large buyers, and approved institutions can participate under SEBI guidelines. 🔹 What NSE’s Circular Reveals Accor...

  World's First Driverless EV Delivered Without Human Involvement at 72 mph In a groundbreaking achievement in autonomous vehicle technology, an electric car has successfully completed its first-ever fully driverless delivery —traveling from the production facility to the customer’s residence without a single human inside or any remote supervision. This driverless delivery was completed ahead of schedule , navigating both urban roads and high-speed highways, reaching a top speed of 72 mph during the journey. While fully autonomous driving has long been a technological goal, this particular event marks one of the most notable real-world demonstrations of a car operating entirely without human intervention on public roads. There were no safety drivers , no remote monitors —just the vehicle, powered by advanced software and AI systems. Although other companies have received approvals to test autonomous vehicles on highways, most still require either backup operators or are limit...

 India's Economy to Lead Global Growth in 2025–26, but Structural Issues Persist India is set to retain its position as the world's fastest-growing major economy, despite recording its slowest growth in four years during FY 2024–25, a Reuters poll of 51 economists revealed. The country’s GDP is projected to grow at 6.4% in the fiscal year ending March 2026, slightly below the 6.5% growth rate recorded in FY 2024–25. Analysts expect a modest rise to 6.7% in FY 2026–27 , reflecting cautious optimism amid global uncertainty and internal economic constraints. The stable forecast comes even after the Reserve Bank of India (RBI) implemented a 100 basis points interest rate cut since early 2025, including a surprise 50 bps cut on June 6. However, the bulk of India’s growth is driven by government-led capital expenditure , which economists warn may plateau soon. “Most of the growth is being driven by government capex, but that could flatten,” said Indranil Pan , Chief Economi...

Gold and Silver Prices on June 28: Rates in Mumbai, Delhi, Bengaluru, Chennai & More Gold prices dipped slightly for the second day on June 28 due to easing tensions between Israel and Iran and a marginal rise in the US dollar. With the July 9 reciprocal tariff deadline approaching under U.S. President Donald Trump, investors are closely tracking precious metal prices for cues. Despite the recent dip, gold remains a strong performer over the long term. Over the past two decades, prices have surged by an astounding 1,200% , rising from ₹7,638 in 2005 to over ₹1,00,000 by June 2025. So far this year, gold has already delivered a 31% return , consistently hitting all-time highs. Silver has also maintained its momentum, staying above ₹1 lakh/kg for the past three weeks. In the last 20 years, silver prices have grown by 668.84% , further cementing its position as a reliable safe haven asset. 🪙 Gold & Silver Prices in India – June 28, 2025 (as per Indian Bullion Association ...

 Indian Entrepreneur Mona Patel Stuns in Two Gorgeous Gowns at Bezos-Sanchez Wedding At the lavish Venice wedding of Jeff Bezos and Lauren Sanchez , all eyes weren’t just on the couple, but also on Harvard-educated Indian entrepreneur Mona Patel , who dazzled in two captivating looks. Known for her bold fashion statements — from Met Gala 2024’s butterfly sleeve Iris van Herpen gown to Met Gala 2025’s robotic dog in a Thom Browne suit — Mona once again proved her fashion prowess. For the pre-wedding celebration , Mona wore a body-hugging wine-colored Dolce & Gabbana gown that featured sheer lace, delicate tulle, and elegant floral embroidery. The gown’s fitted silhouette paired with a structured black underdress added both drama and sophistication. She styled the look with a soft bronzed makeup finish, delicate diamond jewelry, and a classic updo, attending the event with her husband, Dr. Chintan Desai . On June 27, 2025 , during the wedding ceremony, Mona Patel stepped ...

Bihar’s Largest Private Power Investment: 2400 MW Plant Proposed in Pirpainti In a major development for Bihar's power sector, four leading private power companies have expressed interest in setting up a 2,400 MW thermal power plant in Pirpainti, Bhagalpur . The interested companies include: Adani Power JSW Energy Torrent Power Lalit Power (part of the Bajaj Group) The proposed project will consist of three units of 800 MW each , to be developed across 1,200 acres of land . With an estimated investment of ₹28,000 crore , this will become the largest private sector investment in Bihar’s power sector to date. This initiative marks a significant step in boosting energy infrastructure in eastern India and is expected to generate substantial employment and support economic growth in the region. Once operational, the 2,400 MW plant will greatly enhance power availability in Bihar , improving grid stability and supporting industrial expansion across the state.