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NPCI consults banks, payment firms on fees for large UPI payments

The consultations ‌come after India changed its payments legislation on Monday, allowing firms to charge transactions of more than ₹2,000

RBI files caveat after rejecting Tata Sons bid to avoid market listing

The move follows the RBI's rejection of Tata Sons' application to deregister as a non-banking financial company, a decision that pushes the holding company closer to a stock market listing

Samsung India's public policy chief Rajiv Aggarwal quits after 4 years

The reason for his resignation was not clear

No governments are ready for AI-driven societal changes, says Bill Gates

Bill Gates warned governments are lagging behind the rapid changes AI could bring, while his foundation plans to spend at least $1 billion to expand access to AI

Airbus sees no softening in demand despite geopolitical headwinds

Airbus ​forecasts about 42,000 new aircraft will be required globally over the ‌next 20 years, and about 45% of those will be delivered ​to the fast-growing Asia-Pacific region

US senators weigh requiring AI giants to commit to preventing catastrophe

AI-related stocks fell worldwide on Monday after leaders ‌of some of the industry's largest companies called for slowing ​the pace of the technology's development

Elon Musk's X Corp and SpaceXAI resolve antitrust lawsuit against Apple

The resolution ends a high-profile legal battle between Musk and one of ​the world's most valuable companies over control of the AI chatbot market, though the claims against OpenAI will continue

Accenture to pay $25 mn to settle US govt allegations over DEI practices

Accenture

LNG demand in India, China expected to recover when West Asia war ends

The conflict has prevented Qatar and the United Arab Emirates from exporting most of their LNG via the Strait of Hormuz

Asian shares slip as oil and yields rise ahead of Fed, BOJ meetings

Asian equities struggled as investors assessed rising oil prices, West Asia tensions and concerns over AI development ahead of key US and Japan central bank meetings

Oil rises as Saudi pipeline outage, fresh attacks raise supply concerns

Brent crude futures ​rose $1.24, or 1.18%, to $106.93 a barrel at 0026 GMT, after climbing 1% previously, while US ‌West Texas Intermediate futures were up $1.29, or 1.24%, at $102.65 a barrel

Sweden's centre-left takes narrow lead as far-right influence declines

Preliminary results give the centre-left opposition a three-seat lead, putting Magdalena Andersson on course for power as the Sweden Democrats lose ground in Parliament

Gulf states cancel Iran talks; Houthis attack Saudi Arabia again

Gulf states postponed talks with Iran on reopening the Strait of Hormuz as the Houthis attacked a Saudi airbase and Tehran sanctioned 77 ships over alleged protocol violations

Fed's table looks set for a rate hike, a first under Kevin Warsh

Markets see an 85 per cent chance of a quarter-point increase as hotter inflation and oil above $100 test Fed Chair Kevin Warsh's stance on rates and forward guidance

Global AI stocks fall as industry chiefs call for slowing development

AI-linked stocks plunged globally after industry leaders urged slower development over safety risks, while OpenAI ruled out an IPO this year and Anthropic pressed ahead

Microsoft drafts AI code to keep all future systems under human control

Draft code would prohibit Microsoft's AI from resisting correction or shutdown, reject model rights and be used to train future systems after six weeks of public feedback

At Brics summit, Modi, Xi offered to help Putin end Ukraine war: Kremlin

India and China told Russian President Vladimir Putin they were ready to help end the Ukraine conflict, with Moscow welcoming efforts to encourage Kyiv to show greater flexibility

India gains wider EU steel access under FTA, but carbon levy remains

The agreement provides India with an additional preferential quota of 694,853 tons of steel, on top of an existing 946,616 ton WTO quota

Chevron targets Argentina, Mediterranean for LNG growth, eyes India deal

Chevron plans to expand its global gas portfolio across Argentina, the East Mediterranean, Australia and Africa

Solar Industries to buy South Africa's Omnia Holdings for $1.36 billion

Solar SA Investments, an indirect wholly-owned subsidiary of Solar Industries, will acquire all outstanding shares of Johannesburg-listed Omnia, subject to regulatory and Omnia shareholder approvals