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AI giant Anthropic to pay $1.5 bn over pirated books

Anthropic will pay at least $1.5 billion to settle a US class action lawsuit over allegedly using pirated books to train its artificial intelligence models, according to court documents filed Friday. The settlement stems from a class-action lawsuit filed by…

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GST 2.0 to fillip demand, free up working capital, say CFOs; brace for short-term compliance pain

The rate rationalisation has eased working capital pressures by aligning input and output tax rates, and paving the way for quicker provisional refunds, and a two-slab structure eases compliance costs and classification disputes, say CFOs.

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SpiceJet Q1 Results: Airline slips into red with Rs 234 crore loss, revenue falls 36% YoY

SpiceJet faced a setback in the first quarter of fiscal year 2025. The budget carrier announced a consolidated net loss of Rupees 234 crore. This contrasts with a net profit of Rupees 158 crore in the same period last year.…

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Oracle lays off thousands globally; employees report numbers at 3000-plus

As per Data Center Dynamics, the latest round of layoffs has extended beyond the Oracle Cloud Infrastructure (OCI) teams. This is the same team that witnessed layoffs last month. In the fresh round the employees working in Oracle Health (formerly…

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Reliance Infra distances itself from RCom’s loan fraud tag

Company says Bank of Baroda’s fraud classification of RCom and Anil Ambani loans is unrelated to its operations or finances and has no stakeholder impact.

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Elon Musk’s Tesla hits the Indian roads! First Model Y delivered in Mumbai

Maharashtra Transport Minister Pratap Sarnaik became Tesla India’s first customer, receiving a Model Y in Mumbai to promote electric mobility, particularly among the youth. Despite initial hype, Tesla has secured modest orders due to high import duties, limiting deliveries to…

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EPFO interest credit begins: How members can check if the amount is credited to their accounts
EPFO members can see their annual interest of 8.25% for FY2025-26 in their accounts starting July 15. Here's how you can check your PF balance online.
Property registry alone doesn't prove ownership: Here's what else homebuyers need to do
Purchasing and registering a property does not guarantee legal ownership. Validity relies on the entire title chain and documentation. Mutation, while important for records, does not affect ownership rights, experts said. 
Trump's accounts sold Micron, bought Nvidia: Expert warns, ‘Don't mistake it for a strategy’
Donald Trump's investment accounts, managed by third parties, have executed over 6,100 stock trades in 2023. Notably, they sold Micron shares while acquiring Nvidia stock, highlighting a contradiction between Trump's public praise for Micron and his accounts' trading decisions.
Warren Buffett says Alphabet bet was his call, admits ‘I made a mistake…’ | Why Berkshire is betting billions now?
Warren Buffett confirmed his decision to build Berkshire Hathaway's substantial stake in Alphabet, stating he acted independently of CEO Greg Abel. 
EPFO alert: Why updating your profile photo is crucial for e-nominations and PF claims
EPFO members are urged to upload a recent profile photo on the Unified Member Portal to complete e-nominations and online claims. Here's why it matters and how to do it.
Gifting stocks to your spouse, child or friend? Check how the tax rules differ in three scenarios
Gifting stocks can trigger tax implications depending on the relationship between the donor and recipient. Transfers to close relatives are often tax-exempt, while gifts to others exceeding ₹50,000 are taxable. 
How can families preserve art, jewellery and heirlooms for future generations?
A trust can help families preserve art, jewellery and heirlooms across generations by setting clear rules on ownership, access, conservation, display, monetization and succession.
Monsoon is here: Why you're paying out of pocket for sudden illnesses despite having health insurance
Health insurance covers major hospitalisation costs, but many medical expenses, such as doctor consultations and medicines, are often paid out of pocket. Experts say financial preparedness and understanding policy coverage can help families avoid unexpected healthcare costs.
SIP returns disappointing? Here's when to stay invested and when to switch funds
Negative or muted SIP returns in the initial years are not uncommon, especially for equity mutual funds. Experts say investors should judge a fund over a full market cycle and switch only if there are signs of structural issues.
NRI tax filing: Moved abroad? Here's when you still need to file an ITR in India
Moving abroad does not end your tax obligations in India. From excess TDS and capital losses to property sales and future tax planning, here's when NRIs should file an ITR.