Page 10 - Bloomberg

India, China among markets where top firms lose market cap share in AI lag

India, China and Hong Kong are the only major markets where the largest companies account for a smaller share of overall market capitalisation than a year ago

Shapoorji Pallonji refinancing delays prompt some bondholders to seek exit

Some investors are attempting to offload debt linked to a Shapoorji Pallonji Group subsidiary at a discount as negotiations over refinancing and repayment extensions continue ahead of a key deadline

India's AI ambitions hinge on overcoming regional language divide

India has over 2 dozen official languages and more than 100 dialects and if AI can't close this gap, it will just become another technology that divides the English-speaking elite and everyone else

Venezuelan tremors: Earthquakes push healthcare system to the brink

Two powerful 7.2 and 7.5 earthquakes struck within a minute of each other on Wednesday evening

Israel weighs US listings for state-owned defence firms IAI and Rafael

Israeli officials and company representatives are set to visit the US in July to explore IPO options for state-owned defence companies IAI and Rafael as the govt considers selling up to 30% of stakes

OpenAI appoints ex-Uber executive Prabhjeet Singh to lead India operations

The former Uber India and South Asia president will join in September as OpenAI's most senior executive in the country, overseeing growth, partnerships, enterprise adoption and regulatory engagement

MEA asks Kailash Mansarovar pilgrims to secure all China travel documents

The advisory came after reports of pilgrims being stranded in Nepal and urged travellers to use authorised tour operators and ensure all required documentation is in place before starting the journey

California budget deal proposes new tax on digital software sales

The spending plan for the fiscal year that begins July 1 is Newsom's last as governor and comes as state finances are buoyed by an artificial intelligence boom fueled by home-state companies

Israel, Lebanon reach framework deal to end conflict, advance peace talks

Israel will maintain a "security zone" along the boundaries of the yellow line, which marks a seized territory that stretches some 10 kilometers (6.2 miles) into Lebanon from the Israeli border

Isro conducts successful test of semi-cryogenic engine power head

The test, carried out on June 24 at the ISRO Propulsion Complex in Tamil Nadu, demonstrated stable operation of the engine's power head at a thrust level of 175 tons

Beyond chips, IMF warns AI wealth boom could fuel inflation risks

Booming technology stocks are swelling retirement accounts and investment portfolios, leaving consumers feeling richer and more willing to spend on vacations, homes and other big-ticket purchases

Apple's vision pro and smart glasses chief Paul Meade to join OpenAI

Paul Meade, a vice president, is set to leave Apple by next week and will then start at OpenAI's hardware unit

S&P keeps US sovereign rating at AA+ with stable outlook, resilient economy

S&P Global Ratings was the first major credit grader to strip the US of its AAA rating in 2011 and was harshly criticized by the US Treasury at the time

Data centres to deepfakes: How AI is reshaping US politics at every level

Driven by a flood of Silicon Valley money, AI has emerged as one of the biggest financial forces in this year's US elections

Anthropic's Mythos 5 AI model gets approval from Trump admin for wider use

The clearance eases a confrontation that erupted two weeks ago when the government abruptly barred Anthropic from giving foreign nationals access to Mythos 5 and a related model, Fable 5

Chinese cars account for over 10% of new vehicle sales in Europe in May

Hybrid and plug-in hybrids like the MG S9 sport utility vehicle helped Chinese automakers take 11% of European sales in May, according to analysts

RBI proposes wider access to money markets in draft rules for NBFCs, firms

Under the draft proposals, companies will also be allowed to participate in the term money market as lenders but smaller non-bank finance firms will be excluded

Why air-conditioning is one of the best solutions for dealing with summers

Most of northwest Europe is critically unprepared for a world in which heatwaves are the norm, not an exception

US Army to build critical minerals processing plants on military bases

REalloys Inc., Titan Mining Corp., ioneer Ltd. and Energy X have reached agreements with the Pentagon to build facilities for processing rare earth minerals, graphite, lithium and boron

Venezuela earthquake death toll rises to 188 as rescue efforts expand

The natural disaster has killed at least 188 people and injured more than 1,500 others in a country where emergency response capacity is limited after years of political and economic turmoil