Page 17 - Bloomberg

Govt to push Tax Amendment Bill for global bond funds amid Parliament din

The administration plans to table the Income Tax Amendment Bill in the lower house of Parliament as early as next week to replace the ordinance notified early June

Russian govt charges Telegram founder Pavel Durov with aiding terrorism

Russian officials opened an investigation in February into Durov, who's also a citizen of the United Arab Emirates, after he criticized the state's crackdown on social media

UEFA considering boycott of Fifa events in brewing fued over investment

The two nonprofit organizations have long had an uneasy relationship, exacerbated recently as Fifa encroached on UEFA's turf

China bolstering its positive influence over youth of Africa, shows survey

Some 95% of young African respondents consider Beijing's influence on the continent as positive, while 85% regard Washington's standing in a similar vein, the survey found

More than 1,100 workers of AI firms calls on US govt to pace tech growth

The letter has been signed by employees across nearly a dozen firms, including OpenAI, Anthropic PBC, Alphabet Inc.'s Google and Meta Platforms Inc

OpenAI's AI agents compromised a customer at second tech firm Modal

The agent broke into an isolated testing environment known as a sandbox that Modal was running for a customer, Akshat Bubna, chief technology officer of the cloud platform for developers said

Software stocks in India are set to beat global chipmakers by record

The divergence suggests investors are growing weary of the AI-driven rally in chip stocks, while renewing interest in India's IT services firms after a years-long slump

US probes China-linked factories in Vietnam, stoking new tariff fears

US customs officials have conducted spot inspections at China-linked factories in Vietnam to check for transshipment, local value addition and intellectual property violations

Visa to layoff 7% of workforce as CEO McInerney seeks to revamp company

Visa CEO wrote, "I have deep conviction that we are doing what is right for Visa, our clients and our partners as we continue to focus on driving efficiency across the company"

Standard Chartered India loses top wealth executives amid strategy revamp

Saurabh Jain, the head of Standard Chartered India's wealth management and affluent client segments, is leaving the bank by the end of this week and will join Bandhan AMC Ltd. as CBO

Tata Power expects to build its first nuclear plant as early as 2032

The company has shortlisted sites in at least three states to build nuclear projects and will start work after the government finalizes the rules for private companies, CEO Praveer Sinha said

AI tools uncover record software flaws in tech sector, shows database

The US National Vulnerabilities Database, a repository of digital security holes, recorded 45,207 flaws between January and Monday, a count approaching the total number found in all of 2025

Johnson & Johnson to pay $5.5 billion to settle talc-related cancer claims

The agreement requires the participation of lead plaintiff firms in ovarian talc litigation pending in state and federal courts that represent at least 95% of claims

Anthropic's Dario Amodei rejects open model ban but calls for testing

Amodei sought to dispel claims that Anthropic supports a ban on open-weight models, which allow users to download and customize the technology

RBI intervention lifts rupee to strongest one-day gain in over a month

The Reserve Bank of India's intervention on Monday was fairly large, with the central bank beginning to sell dollars when the rupee traded near 96.15 per dollar

France, Spain battle worsening wildfires as heat fuels massive blazes

With over 300k people evacuated across the two nations, a French official said the fire in the southwest Atlantic coast's Gironde region is headed toward Bordeaux, an urban center of 265k people

No plan to adjust Budget numbers yet, says FM Nirmala Sitharaman

FM Nirmala Sitharaman says the government has adequate fiscal buffers to tackle risks from the West Asia conflict and sees no need to revise Budget estimates

Revealing worries: Oil near $100 puts Fed, peers in rate spotlight

The Federal Reserve, Bank of England and Bank of Japan face key policy decisions as rising oil prices, inflation risks and tariffs cloud the global economic outlook

Trade talks with US helped secure lower tier of additional tariff: Govt

The commerce ministry said negotiations with the US helped place India in the lower tier of additional tariffs, with exemptions covering about 45 per cent of exports

US court blocks Trump bid to enforce mail voting overhaul before midterms

A US appeals court refused to lift a lower court order blocking key parts of Donald Trump's executive order over mail voting in Democratic-led states