India

RBI Revises Bulk Fixed Deposit Threshold Rules Effective October 1

The Reserve Bank of India has introduced revised rules for fixed deposits at commercial banks, taking effect from October 1. Under the updated framework, bulk deposits at commercial banks are defined as term deposits of Rs 3 crore and above. The changes are part of RBI's broader regulatory framework governing deposit classifications. Bank customers with large deposits are advised to familiarise themselves with the revised thresholds and their implications.

Zuckerberg and Chan donate $4M to preserve 600-year-old Hawaii fishpond

Tech billionaire Mark Zuckerberg and his wife Priscilla Chan have donated $4 million toward saving Alakoko Fishpond, a historic site in Hawaii dating back over six centuries. The centuries-old fishpond had been under threat from potential environmental damage and development pressures. The funds were used to acquire the property, placing it under the long-term care of Hawaiian nonprofit Mālama Hulē'ia. The initiative aims to protect native ecosystems while also promoting awareness of traditional Hawaiian aquaculture practices.

Sensex drops 633 pts, Nifty below 22,600 amid global market selloff

Indian equity markets extended their decline on Wednesday, with the BSE Sensex falling 633 points and the Nifty50 slipping below 22,600. By around 10:25 AM, the Sensex was trading at 72,138.99, down 0.87%, while the Nifty50 stood at 22,586.60, a loss of 0.85%. Domestic markets tracked broader weakness across global equities, mirroring an overnight selloff on Wall Street. The tech-heavy Nasdaq had dropped over 0.9% and the S&P 500 declined approximately 0.8% in the previous US trading session.

NY Times Executive Killed by In-Laws Amid Domestic Dispute, Called 'Monster'

A 40-year-old New York Times executive was killed by his in-laws, who reportedly referred to him as a 'monster.' The executive and his wife, Candice Jang, had been living separately at the time of the incident. Both spouses had filed requests for domestic violence restraining orders against each other in Alameda County the previous year. The killing appears to have occurred against a backdrop of a deeply troubled marriage and escalating family conflict.

Astronaut Shubhanshu Shukla prepares mango salad aboard ISS during Axiom-4 mission

Indian astronaut Shubhanshu Shukla shared a video from the International Space Station demonstrating how he prepares his favourite mango salad in microgravity. The clip, recorded during his Axiom-4 mission, showed Shukla rehydrating a dehydrated salad using a machine that adds cold water. He explained that food preparation in space varies depending on the form of the food being consumed. Shukla also highlighted that the ISS lacks microwave ovens, making rehydration a key cooking method. He stressed the importance of keeping crumbs contained, as loose particles can float freely and pose hazards in a microgravity environment.

ED Raids 10 Kolkata Locations Linked to Ex-Bengal Minister Indranil Sen

India's Enforcement Directorate (ED) is conducting searches across 10 locations in Kolkata in connection with a fund collection case. The raids are linked to former West Bengal minister Indranil Sen. One of the locations being searched includes the Highland Park area of the city. The operation is part of a broader financial probe into alleged irregular fund collection activities.

8 US Marines hurt in previously unreported Iranian strikes; possible brain injuries

'Shiva god of poor, Ram god of rich': Telangana CM's off-the-cuff remark draws BJP's ire

Nvidia and Anthropic Partner to Build AI Agent Security Controls

Nvidia has launched a new security mechanism designed to address concerns about AI agents behaving outside intended boundaries. The initiative was developed in collaboration with Anthropic, the AI safety company behind the Claude family of models. The partnership aims to introduce additional layers of security to better govern autonomous AI agent behavior. Anthropic also introduced a related tool called Claude Managed Agents as part of the broader effort. The move comes amid growing industry concern over AI agents acting unpredictably or beyond their defined scope.

Meta Launches Enterprise AI Platform to Unify Business Tools Under New Leadership

Meta has introduced the Meta Enterprise Platform, a unified suite of AI tools aimed at helping businesses leverage artificial intelligence for growth. The platform comes under the newly appointed Chief Enterprise Platform Officer Chirantan Desai, who will lead Meta's push into the enterprise market. The launch also addresses growing concerns around the safety of autonomous AI agents. Meta's move signals its intent to compete more aggressively in the enterprise technology space.

Infosys to Reskill One-Third of Its 320,000 Workforce into Specialist Roles

Bengaluru-based IT giant Infosys is planning to transition approximately one-third of its 320,000-strong workforce into specialized roles. The move comes as artificial intelligence increasingly disrupts traditional headcount-based billing models in the IT services industry. To build this specialist talent pool, Infosys is actively recruiting from top Indian institutions as well as US university campuses. The company finds itself competing directly with AI laboratories for the same high-demand candidates. The shift signals a broader strategic realignment as Infosys adapts its business model to remain competitive in an AI-driven landscape.

Doon University Students Protest After Worms Found in Hostel Food

Students at Doon University staged a protest after worms were discovered in food served at a hostel mess. The incident triggered strong demonstrations by students demanding accountability from the institution. University management arrived at the scene and attempted to calm the situation. However, students refused to stand down and continued their agitation, pressing for a formal response to the food quality failure.

Delhi Consumer Forum Orders Flipkart to Pay Rs 20,574 for Sending Soap Instead of Phone

A Delhi customer who ordered a mobile phone on Flipkart received bars of soap instead of the product. Despite submitting multiple complaints and video evidence, Flipkart failed to resolve the matter to the customer's satisfaction. The Delhi Consumer Commission ruled that Flipkart was guilty of deficiency in service and unfair trade practice. The e-commerce platform was directed to refund Rs 10,574 along with additional compensation for mental harassment and litigation costs, totalling Rs 20,574.

Anthropic files for IPO with $4.2B losses, $4.6B revenue and $2T valuation target

Anthropic has disclosed major financial figures in its IPO prospectus, reporting a net loss of $4.2 billion in 2025 alongside operating losses surpassing $8 billion. Despite this, the AI company saw revenues surge nearly twelvefold to approximately $4.6 billion, reflecting rapid growth in the sector. CEO Dario Amodei acknowledged the steep costs of scaling AI systems and called for measured caution in its deployment. The company is navigating intense competitive pressures as it prepares to go public. Anthropic is targeting a valuation of over $2 trillion through its upcoming initial public offering.

Red Bull challenges food safety regulator’s ban on ‘energy drink’ label

How One Rs 1 Crore Portfolio Gained Rs 16 Lakh Despite Nifty Falling 10%

India's Nifty index declined approximately 10% over a two-year period, posing significant challenges for equity investors. However, a strategically constructed Rs 1 crore portfolio reportedly generated a gain of Rs 16 lakh during the same timeframe. The outperformance highlights the importance of selective stock-picking and portfolio diversification over passive index exposure. Investors who stayed committed to Indian equities had to endure a prolonged market downturn while waiting for conditions to improve. The case underscores how active portfolio management can deliver positive returns even in a broadly weak market environment.

Bengaluru teen, 15, independently manages Rs 13.9 lakh investment portfolio

Sinchana Santosh, a 15-year-old student from Bengaluru, is currently managing an investment portfolio worth Rs 13.9 lakh while studying in Class 10. Her foray into personal finance began when her parents channelled funds from their insurance policies toward her education. She has since built her financial knowledge through various online courses. Her story highlights a growing trend of young individuals taking an active interest in financial planning and investment at an early age.

NYT Executive Shot Dead by In-Laws in California Amid Family Dispute

Jonathan McKinsey, a transgender New York Times executive, was fatally shot at a sports complex in California. His in-laws, Shouyong Zhang and Shili Chen, were arrested near the scene shortly after the shooting. According to reports, McKinsey's transgender identity had fueled a family conflict with his wife, Candice Jang, and her relatives. The couple had been engaged in divorce proceedings and mutual domestic violence allegations prior to the killing.

Ex-IAS Officer Divya Mittal Enters Politics Independently in Uttar Pradesh

Former IAS officer Divya Mittal has announced her entry into independent politics, choosing Uttar Pradesh as her political ground. She plans to focus on key issues including infrastructure development, unemployment, and examination paper leak scandals. Mittal cited a lack of governmental will as the primary reason behind many unresolved public grievances in the state. She has urged citizens to actively participate in the political process to drive meaningful change. Mittal described Uttar Pradesh as her karmabhoomi, signalling a long-term commitment to the region.

Deepak Chahar Reports Three Cricket Bats Worth Rs 1.5 Lakh Stolen

Indian cricketer Deepak Chahar revealed on social media that three of his cricket bats, collectively valued at around Rs 1.5 lakh, were stolen from a practice area. The pacer expressed both shock and concern over the incident, wondering whether the thief understood the true value of what was taken. Chahar outlined a few possible courses of action, such as reporting the theft to authorities or reaching out to the bat manufacturer for replacements. He also lightened the mood by humorously suggesting he might resort to praying for the bats to be returned.