Page 490 - Latest News
Anthropic's upgraded AI tool may intensify competition in tech world
Anthropic's update to its agentic AI tool Claude Cowork is fuelling concerns over disruption in software and IT services, as AI agents begin to replace legacy workflows
 "Anthropic's upgraded AI tool may intensify competition in tech world")
Outcome Budget data raises questions on returns from government capex
The Outcome Budget or OOMF is meant to link government spending to measurable results, but near-identical targets across years highlight gaps in assessing returns on public investment
 "Outcome Budget data raises questions on returns from government capex")
Defence spending rises in Union Budget, but capability gains remain key
Operation Sindoor shapes FY27 defence Budget as India lifts spending to 2% of GDP, boosts capital outlay and modernisation to prepare for a potential two-front conflict
 "Defence spending rises in Union Budget, but capability gains remain key")
RCom fraud case: Supreme Court directs ED to constitute probe team
The Supreme Court asked the Enforcement Directorate to set up a senior-level SIT to take forward the probe into alleged large-scale bank fraud involving RCOM and Anil Ambani
 "RCom fraud case: Supreme Court directs ED to constitute probe team")
Washington Post to cut one-third of staff as company begins major layoffs
The newspaper's books department will be closed, and its Washington-area news department and editing staff will be restructured, Murray told staff members
 "Washington Post to cut one-third of staff as company begins major layoffs")
Investor needs to know AI is transformative: Fractal CEO Velamakanni
Enterprise AI firm Fractal Analytics sets ₹857-900 IPO price band as cofounder Srikanth Velamakanni bets on long-term growth, R&D and India's AI future
 "Investor needs to know AI is transformative: Fractal CEO Velamakanni")
India's trade deals are a win, but fiscal vulnerabilities are also growing
India weathered the Trump tariff shock better than expected, but high public debt and slower fiscal consolidation pose risks even as trade deals lift growth and investor sentiment
 "India's trade deals are a win, but fiscal vulnerabilities are also growing")
Budget 2026 backs decarbonisation, clean energy supply chains
Union Budget 2026-27 lays out a long-term energy strategy focused on decarbonisation and supply chain resilience through CCUS funding, nuclear incentives, battery storage support, logistics upgrades
 "Budget 2026 backs decarbonisation, clean energy supply chains")
No issues found in fuel control switches of Boeing 787 aircraft: Air India
Airline says precautionary re-inspections were carried out after a pilot's observation and that it will circulate Boeing's operating guidance to crew
 "No issues found in fuel control switches of Boeing 787 aircraft: Air India")
Govt likely to clear seven proposals worth ₹11,000 crore under ECMS
The Centre is likely to approve five to seven more applications under the Electronics Component Manufacturing Scheme, with cumulative investment of nearly ₹11,150 crore
 "Govt likely to clear seven proposals worth ₹11,000 crore under ECMS")
From sonar to AI, acoustics is emerging as a decisive weapon of war
If US action in Venezuela and the Ukraine war are anything to go by, acoustics will not merely support military power in future wars - it will shape it
 "From sonar to AI, acoustics is emerging as a decisive weapon of war")
Budget 2026 extends immunity to misreporting, but with key trade-offs
The proposal extends relief from penalty and prosecution in misreporting cases, but taxpayers must forgo the right to appeal and carefully weigh the strength of their case
 "Budget 2026 extends immunity to misreporting, but with key trade-offs")
Bajaj Finance down 2% on higher provisions; brokerages optimistic on growth
Nomura said Bajaj Finance (BAF) has voluntarily revised loss-given-default (LGD) floors across products, resulting in accelerated provisions of ₹1,400 crore in Q3FY26.
 "Bajaj Finance down 2% on higher provisions; brokerages optimistic on growth")
India free to buy oil from any supplier, diversification not new: Kremlin
A day earlier, Peskov said that Russia has not received any statements from India regarding the cessation of Russian oil purchases
 "India free to buy oil from any supplier, diversification not new: Kremlin")
K'taka Assembly passes resolution against VB-G RAM G, wants MNREGA back
The BJP leader on Tuesday alleged that the scam money was used for funding Congress in the poll-bound states
 "K'taka Assembly passes resolution against VB-G RAM G, wants MNREGA back")
US seeks critical minerals trading bloc with allies to counter China: Vance
Vice President JD Vance said Wednesday that the trade war over the past year exposed how dependent most countries are on the critical minerals that China has a stranglehold on
 "US seeks critical minerals trading bloc with allies to counter China: Vance")
Centre mandates drug cos to submit post-approval changes for new drugs
Draft amendment seeks mandatory reporting of manufacturing and quality changes to drug regulator
 "Centre mandates drug cos to submit post-approval changes for new drugs")
US to withdraw 700 immigration enforcement officers from Minnesota
Homan said last week that federal officials could reduce the number of federal agents in Minnesota, but only if state and local officials cooperate
 "US to withdraw 700 immigration enforcement officers from Minnesota")
About 88% of individual taxpayers have opted for new tax regime: CBDT chief
Agrawal said he was confident about meeting the direct taxes collection target for the 2025-26 fiscal that has been revised to ₹24.21 trillion in the Budget
 "About 88% of individual taxpayers have opted for new tax regime: CBDT chief")
India, GCC to sign terms of reference on Feb 5 to launch FTA talks
Commerce and Industry Minister Piyush Goyal will preside over the signing ceremony of the ToRs with GCC
 "India, GCC to sign terms of reference on Feb 5 to launch FTA talks")