JPMorgan CEO Jamie Dimon Signals Shift Toward Cost-Efficient AI Spending

India hikes windfall tax on petrol, diesel and aviation fuel exports from Aug 3

The Indian government has raised export duties on petrol, diesel, and aviation turbine fuel, with the revised rates taking effect from August 3. The new rates will remain in place for a fortnight, as is standard practice for windfall tax revisions. Domestic fuel duties have been left unchanged, ensuring price stability for local consumers. The move comes shortly after a reduction in commercial LPG prices earlier in August. Authorities are also monitoring the potential impact of ongoing global conflicts on India's fuel supply chains.

Amazon Joins $3 Trillion Club on Strong Cloud Growth and AI Momentum

Amazon's market capitalization crossed the $3 trillion mark following a significant surge in its stock price. Shares of the Seattle-based company climbed 15% after it reported its fastest cloud revenue growth in more than four years. The strong performance was driven by rising demand for artificial intelligence and cloud services. Amazon also raised its annual capital expenditure forecast, signaling confidence in continued infrastructure investment.

Zuckerberg must apologise for blocking PM Modi’s video, says MPs’ panel chief

Karnataka's Six-Term MLA Dinesh Gundu Rao Expresses Disappointment Over Cabinet Exclusion

Senior Congress leader and six-time MLA Dinesh Gundu Rao has publicly expressed disappointment after being left out of the Karnataka cabinet expansion. Rao acknowledged the repeated trust placed in him by voters across six election victories as a source of personal strength. His remarks came following a cabinet reshuffle in Karnataka that did not include him despite his long legislative tenure. The veteran legislator stopped short of directing criticism at the party leadership while making his feelings known. His exclusion has drawn attention given his experience and standing within the Karnataka Congress.