Savings Effect

The Cockroach Janata Party (CJP) found mention at the INDIA bloc meeting on Monday, with leaders expressing divergent views on its significance and intent, news agency PTI said quoting sources.

At least seven people were killed and nine injured, including Indian workers, after a minibus crashed into a stalled truck on Dubai's Emirates Road.

The Directorate General of Civil Aviation (DGCA), India's aviation watchdog, announced that it has launched an inquiry into an incident in which three stationary Air India passenger jets sustained damage at Delhi's international airport after being struck by ground service equipment.

A federal judge on Monday struck down the $100,000 fee proposed by US President Donald Trump for H-1B visa applications, ruling that it was unlawful because it lacked congressional approval. The H-1B visa programme, which allows US companies to hire skilled foreign workers, is among the most sought-after work visa routes. Trump's proposal to impose a $100,000 annual fee per H-1B worker had sparked uncertainty over potential visa reforms and new requirements.

OpenAI files for US IPO after Anthropic as AI giants head to public markets -OpenAI confidentially filed for a US IPO, joining rival Anthropic -OpenAI's IPO could value the company at up to $1 trillion -US jury rejects Elon Musk lawsuit over OpenAI structure

TataMutualFund has announced temporary restrictions on subscriptions in Tata #GoldETF and Tata Gold ETF Fund of Fund.

RVNL: State-run Rail Vikas Nigam Limited (RVNL) has secured a fresh order from South East Central Railway for an engineering, procurement and construction (EPC) in Chhattisgarh. The contract is valued at ₹221.33 crore.

BEML: BEML Ltd. is targeting an order book of more than ₹31,000 crore this fiscal year, as the state-run manufacturer pushes ahead with expansion in rail, high-speed trains, and defence systems.

SpiceJet: The domestic airline has said it plans to induct three Airbus A320 planes on a damp lease next month to further expand its fleet. The company has already finalised a lease agreement (with the lessor) for these three narrowbody planes.

HCLTech: The IT company has announced the launch of an AI Innovation Zone in collaboration with Google Cloud. Located in Santa Clara, California, the AI Innovation Zone will enable global enterprises to scale AI applications across agentic, kinetic and physical AI.

TCS: The Tata Group company has announced the launch of its Global Value & Innovation Centres (GVIC) business unit to help enterprises establish AI-native global capability centres (GCCs) and transform existing GCCs into value- and innovation-led operating models.

Grasim Industries: The Aditya Birla Group company has announced an investment of ₹3,094 crore, for Phase II Lyocell capacity of 110K TPA at Harihar, Karnataka. This expansion will consist of 2 lines of 55K TPA (150 Tons per day) each. The first line is expected to be commissioned by 2028, and the second line is expected to be commissioned by 2030.

TCS: The Tata Group company has announced the launch of its Global Value & Innovation Centres (GVIC) business unit to help enterprises establish AI-native global capability centres (GCCs) and transform existing GCCs into value- and innovation-led operating models.

Bank of India: The state-owned bank has inaugurated a dedicated Strategic Business Branch (SBB) in Mumbai to consolidate and scale up its digital and partnership-led financing businesses, including pool buyouts, co-lending, Trade Receivables Discounting System (TReDS), and supply chain finance.

BPCL: BPCL plans to shut a ​crude unit that produces ‌120,000 barrels per day, as well as some secondary units, at its 200,000 bpd Mumbai refinery for three to four weeks in September ‌and October for routine maintenance.