A recent surge in gold import duty has fueled a wave of smuggling, with illicit gold now available at discounts of up to Rs 10 lakh per kilogram. This creates a significant price disparity with legally imported bullion, mirroring trends seen after a similar duty hike in 2013. Industry experts warn of escalating unofficial imports.
The Cockroach Janta Party (CJP), a unique political formation born from an internet sensation, has appointed Saurav Das, Vijeta Dahiya, and Ashutosh Ranka as its official spokespersons. This move signals the party’s ambition to reshape India’s political discourse with a new generation of leaders.
In response to escalating regional tensions, IndiGo Airlines has suspended all its services to and from Kuwait, following a drone strike impacting the airport’s passenger terminal. This closure of Kuwait’s airspace has led to considerable disruptions for travelers.
In a significant political message, the letter submitted to the assembly speaker referred to Mamata Banerjee as the party’s chairperson, suggesting that the rebel camp is positioning its challenge against the current leadership of the legislature party rather than against the TMC chief herself. Sources aligned with the dissident group told news agency PTI that
SoftBank has surpassed Toyota as Japan’s most valuable company, driven by massive investments in AI, particularly in OpenAI. Founder Masayoshi Son’s pledge of €75 billion for European AI data centers fueled a significant stock surge. This shift highlights investor confidence moving from traditional manufacturing towards the burgeoning artificial intelligence sector.
Anthropic has confidentially filed a draft S-1 with the SEC, setting up a fall IPO that could value the Claude maker above $1 trillion. The filing follows a $65 billion Series H round at a $965 billion valuation and lands after months of CEO Dario Amodei warning that AI will wipe out half of entry-level
Andhra Pradesh’s new cash incentives for more children signal a policy U-turn, aiming to counter falling fertility and an ageing population. However, critics argue this approach ignores the high costs of raising children, gender inequality, and the need for robust social support systems, potentially reinforcing patriarchal norms rather than addressing demographic concerns effectively.
FWICE has withdrawn its non-cooperation directive against Ranveer Singh with immediate effect, following intervention by IMPPA, Producers Guild, and CINTAA. The rollback came after Ranveer served a legal notice to the body. The controversy stemmed from his exit from Farhan Akhtar’s Don 3 over creative differences and production delays.
