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Meta, Anthropic, OpenAI to meet Trump officials about AI safety testing

Anthropic and OpenAI disclosed in recent days that their AI tools breached the systems of other companies, stirring concerns among US ‌lawmakers

Asian markets edge higher on Wall Street lead, oil remains steady

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1%, led ‌by South Korean shares rallying as much as 2.1%

Oil rebounds after selloff as talks to end US-Iran war remain uncertain

Front-month Brent futures rose $0.62, or 0.7%, to $84.39 a ​barrel as of 0055 GMT after dropping 7% in the previous session to a three-week low

SBI, HSBC and ICICI lead India's overseas deposit drive, data shows

The currency had declined to a record low in May but has steadied after the measures were announced in June

India proposes extending tax breaks for contract manufacturing, aids Apple

India has also exempted from tax foreign companies' income from storing and providing parts used to manufacture such electronics components to contract manufacturers until 2041

Essar Group plans $5.8 billion energy transition investment in UK by 2035

​Essar Energy Transition Fuels (EETF), a unit ​of Essar Group, operates a 200,000-barrels-per-day Stanlow refinery

EU in talks with OpenAI, Anthropic after rogue AI agent hacking incidents

Europe's AI Act, which kicks in on August 2, is the first legislation in ‌the world to regulate a technology ​used in almost all sectors of ​businesses and society

Alphabet rolls back AI image feature in Google Earth over policy concerns

The feature, powered by Google's Nano Banana 2 AI model, had allowed ‌users to generate photorealistic images ​grounded in Google Earth's satellite, ​aerial and 3D imagery by typing a text prompt

DeepSeek's V4-Flash emerges as world's cheapest AI model to run: Report

DeepSeek officially released ​its V4-Flash model on Friday, its latest ​attempt to regain momentum by doing what it is best known for - offering ultra-low-cost AI alternatives

Atari posts highest annual revenue in over a decade on gaming revival

Atari, the arcade ‌and console pioneer that ​filed for bankruptcy protection ​just over a decade ago, is riding a broader ​industry shift toward mining back catalogues and nostalgia-driven franchises

Chennai Petroleum plans to expand refining capacity to 280,000 bpd

Chennai Petroleum operates a 210,000-bpd Manali refinery in the southern state of Tamil Nadu

Rupee climbs to nearly one-month high on oil slump, strong inflows

The currency ‌strengthened nearly 0.3% to 95.13 per dollar, its highest since July 8

KKR-backed logistics firm LEAP India to launch $260 million IPO on Aug 7

The firm will sell ​shares in a price band ‌of ​₹151-₹159 apiece

Alibaba unveils largest AI model Qwen3.8-Max as competition intensifies

Qwen3.8-Max has 2.4 trillion parameters, the numerical settings ​a model learns from data and uses to recognise patterns, generate answers, and carry out tasks

Japan, US confirm joint yen-buying intervention, signal more action

The move underscored both countries' resolve to prevent a selloff in the yen and Japanese government bonds (JGBs) from causing global spillovers

AstraZeneca holds talks with Bristol Myers Squibb on $400 billion megadeal

A potential deal would carry regulatory risk because of concerns about how it might be assessed by US antitrust authorities under ‌President Donald Trump's administration

5.6 magnitude earthquake strikes Egypt's Suez, no damage reported

The Egyptian ‌Red Crescent said it activated its ​emergency response plan in the governorates where the quake was felt

CERC proposes transmission charge relief for delayed renewable projects

Several clean energy projects have been stalled in India because of a lack of transmission infrastructure

Oil drops nearly 5% as Trump cancels attack on Iran to reach nuclear deal

Brent crude futures slid $4.08, ‌or 4.64%, to $83.85 by 2352 GMT while US West Texas Intermediate crude was at $80.66 a barrel, down $4.01, or 4.74%

Opec+ likely to approve September output hike, pause further increases

The seven core ​members of Opec+ - ​Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman - have ​been increasing monthly production quotas for most of this year