- Palantir’s Alex Karp says AI industry has ‘gone completely wrong’ with tokens; slams OpenAI, Anthropic July 2, 2026Alex Karp, CEO of Palantir, criticized AI firms for relying on costly token models. He emphasized the need for companies to focus on return-on-investment approaches and raised concerns about data ownership and the rapid advancement of Chinese AI capabilities.
- Adani takes on Birla, Vedanta with $11.5 billion aluminium bet July 2, 2026The proposed 2 mtpa plant in Odisha would also help India reduce its reliance on imported aluminium, a light-weight metal that is increasingly used in electric vehicles
- Quick commerce, alcohol moderation fuel India's zero-proof drinks market as liquor giants, startups widen bets July 2, 2026Growing consumer interest in alcohol moderation is driving India's zero-proof beverage market. Brands such as Sober and Catwalk are expanding product portfolios and distribution, though profitability remains challenged by rising costs and competition.
- Kunal Shah may have expected WhatsApp Pay's challenges. He didn't see the username battle coming July 2, 2026WhatsApp's introduction of usernames in India has sparked controversy, leading the government to request a halt for review. Kunal Shah, the new global head, faces challenges in enhancing the platform's payment services amid scrutiny of user data safety and cybercrime prevention.
- Microsoft partners with Singapore's Lightstorm to build India-Southeast Asia undersea cable July 2, 2026A consortium including Microsoft and Lightstorm plans to build the I-2SEA undersea cable connecting India, Malaysia, and Singapore, aimed at supporting AI and cloud infrastructure. The 3,600 km cable will be operational by late 2029, enhancing India's data capacity significantly.
- Free trade agreements to give major boost to toy exports: Industry July 2, 2026India's toy exports are poised for a surge following the finalisation of free trade agreements with the UK and the European Union, offering zero-duty access. Industry officials anticipate these pacts will unlock substantial growth, with the UK and EU markets currently representing 16% of India's USD 0.35 billion toy exports.
- Metro infrastructure boost: Patna Metro corridor expands with new ISBT–Malahipakdi stretch July 2, 2026
- India's June palm oil imports fall to 14-month low as demand softens, dealers say July 2, 2026India's palm oil imports plunged to a 14-month low in June, driven by weak consumer demand and a shrinking price advantage over rival oils. This significant drop, alongside reduced soyoil and sunflower oil purchases, signals a broader decline in edible oil imports. Factors like cautious buying by refiners, cooking gas issues, and intense heat are impact […]
- PM Modi, Takaichi deepen India-Japan ties with AI, defence and multi-billion dollar bilateral roadmap July 2, 2026India and Japan have forged a robust partnership, pledging over $10 billion in new Japanese investments and setting a ¥10 trillion target for the next decade. Leaders agreed to deepen cooperation in AI, defense, energy, and next-generation mobility, alongside critical areas like semiconductors and resilient supply chains. This significant collaboration aims […]
- Rs 1 lakh crore on crude imports will be saved by 2030, as 35 lakh EVs will replace petrol vehicles: SBI Report July 2, 2026India is poised for a significant electric vehicle surge, with an estimated 35 lakh petrol vehicles to be replaced by EVs between 2027-2030. This shift could slash crude oil import bills by Rs 1 lakh crore if EVs capture 20% of the market by 2030. The West Asia conflict has notably accelerated EV adoption, pushing registrations up. Expanding charging infrast […]
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