- Apple loses spat with EU over App Store and iPhone rules July 8, 2026Judges at the EU’s General Court in Luxembourg disagreed with Apple’s challenge to the services being targeted under the EU’s Digital Markets Act, saying regulators were right to draw the two services under the scope of the rules
- Apple commits over $30 billion to Broadcom to produce billions more US chips July 8, 2026Apple has announced an expansion of its partnership with Broadcom, involving over $30 billion in investments. This agreement will facilitate the production of 15 billion US-made chips. Details here.
- Microsoft layoff: Employees offered up to 39 weeks' pay, stock vesting; here's who gets what July 8, 2026Microsoft announced layoffs affecting 4,800 employees, offering severance packages up to 39 weeks' pay. Compensation varies by employee level, with options for continued stock vesting and health insurance. The cuts aim to streamline costs amid significant AI investments.
- MobiKwik CFO Taku calls for MDR on UPI transactions July 8, 2026Upasana Taku said that while the industry supports the government's financial inclusion goals, the absence of merchant discount rate means payment firms and banks continue to bear the cost of processing transactions without any revenue, even as large listed firms benefit from the zero-fee regime.
- Tata Steel Netherlands summoned by Dutch prosecutors over pollution violations July 8, 2026Dutch prosecutors suspect Tata Steel of multiple criminal offence, including unlawful release of harmful substances into the air, failing in its duty of care by carrying out insufficient maintenance
- EPFO to transfer Rs 1.4 lakh cr in interest to 340 million members by July 15 July 8, 2026The Employees' Provident Fund Organisation will auto-process 8.25% interest for FY26 by July 15. This credit will be applied to nearly 340 million members' accounts. A new CITES 2.01 member portal will also be launched simultaneously. The organization has also raised the auto-settlement limit for advance claims to ₹5 lakh. This new system aims to p […]
- Rainfall deficit narrows to 24%, to boost Kharif sowing in July July 8, 2026Improved July rainfall has narrowed the country's deficit to twenty-four percent. This development raises hopes for faster kharif sowing across several regions. However, overall sowing still trails last year's pace significantly. Government plans include contingency measures and a national seed reserve. Farmers are advised to shift to short-duratio […]
- CBDT exempts NCCL settlement fund from tax July 8, 2026The Central Board of Direct Taxes has granted income-tax exemption to NCCL's Core Settlement Guarantee Fund. This tax benefit will continue for assessment years 2019-20 through 2026-27. The exemption ensures continued tax relief under the new Income-Tax Act provisions. This relief remains available as long as the fund files its income-tax returns. The n […]
- Indian transformer makers shrug off re-entry of China; Capacity ramp-up and strong demand offset competition July 8, 2026Indian transformer producers exude confidence in the face of new rules that allow Chinese competition. Their strong order books and ongoing capacity expansions illustrate their resilience. Many Chinese companies lack substantial manufacturing presence in India, making it harder to compete. Furthermore, government policies mandating significant domestic conte […]
- Govt seeks proposals for coal gasification projects under Rs 37,500-cr incentive scheme July 8, 2026The incentive, launched in May this year, is aimed at promoting surface coal/lignite gasification for the production of syngas and downstream value-added products such as synthetic natural gas (SNG), urea, ammonium nitrate, methanol, DME and other chemicals, thereby enhancing the country's energy security, reducing import dependence, and facilitating ut […]
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