Savings Effect

Anthropic disabled global access to its Fable 5 and Mythos 5 models following a US government export-control directive that bans access for all foreign nationals.

DeepSeek raises $7.4 billion at over $50 billion valuation, founder keeps control: Report DeepSeek’s first funding round reportedly values the Chinese AI startup above $50 billion, with investors routed through a structure that protects founder Liang Wenfeng’s control.

The Indian rupee opened with marginal gains on June 16, with markets assessing the durability of the Iran peace deal and whether the dip in oil prices will be sustained. According to Finrex Treasury Advisors, the rupee is expected to open around 94.60 against the US dollar and trade in the 94.25–95.00 range during the session.

-India may curb Starlink laser satellites over security fears -Authorities demand Indian data pass only via local gateways -Starlink may need to disable laser links for India-based traffic.

Elon Musk’s Starlink faces new regulatory challenge in India over data routing concerns: Report

EPFO 3.0 will enable UPI and ATM-based PF withdrawals, increase limits, speed up claims processing and simplify access to provident fund savings.

Anthropic’s sudden withdrawal of Fable 5 has exposed India’s AI dependency on foreign foundational models, raising fresh concerns over technological control, funding gaps and long-term AI self-reliance

The Ministry of Electronics and IT directed further restriction on the Telegram access in India until June 22, 2026. This development comes on the recommendations of the National Testing Agency (NTA) to prevent paper leaks before the upcoming NEET (UG) 2026 re-exam.

Indian Economy Stands To Benefit Immensely From US-Iran Peace Announcement Sustains | Explained The war has impacted import dependent countries like India the most. We were practically exposed, revealing our vulnerabilities and how much we depended on West Asia for our supply. The US-Iran peace agreement is expected to strengthen India's macroeconomic outlook by easing pressure on inflation, the current account deficit and government finances.

A football fan in the US has gone to extraordinary lengths to attend the FIFA World Cup final, giving up luxury travel plans and spending nearly $11,000 (around ₹9 lakh) on a single match ticket.

The Union government has restricted access to messaging app Telegram till June 22 in order to prevent "cheating rackets" from defrauding candidates ahead of Neet (UG) 2026 re-examination on June 21. The directions were issued under Section 69A of the IT Act, 2000, based on the recommendations of the NTA.

Grasim inaugurates Phase 1 of CPVC resin plant in Gujarat with 50,000 TPA capacity