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Back open-source AI to guard digital autonomy: Mistral CEO

Mistral CEO Arthur Mensch New Delhi: Warning about concentration risk from a few companies dominating AI, Arthur Mensch, co-founder and CEO of Mistral, said India should support open-source models and collaborate with global startup labs and researchers to maintain strategic autonomy and ensure the country benefits from AI-driven productivity and economic growth. Speaking at the…

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CBDT acts against intermediaries filing tax returns with bogus deduction claims

NEW DELHI: After a massive nationwide operation, Central Board of Direct Taxes acted against several intermediaries involved in filing income tax returns with bogus claims of deductions and exemptions under the Income Tax Act.The move followed actions in July 2025, covering 150 premises, during which more than 102 suspicious RUPPs were identified for their role…

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OFAC Said Seized Wallets Were Iranian; Analysis Finds Other State Actors More Likely

Multiple wallet addresses recently sanctioned by the US Treasury ‌Department for their ties to Iran may not be linked to the Islamic Republic, but to other state actors instead, analysis published Sunday suggests. That analysis, by blockchain intelligence firm Nominis, said that while the recent seizing of wallets holding more than $340 million by Treasury’s…

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Blackrock’s iShares bitcoin fund sees record exodus as crypto heads for worst month since 2022

CHONGQING, CHINA – JULY 17: In this photo illustration, a person holds a physical representation of a Bitcoin (BTC) coin in front of a screen displaying a candlestick chart of Bitcoin’s latest price movements on July 17, 2025 in Chongqing, China. (Photo illustration by Cheng Xin/Getty Images) Cheng Xin | Getty Images News | Getty…

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India-US trade pact may open $118 billion market for textiles; tariff cut to improve India’s competitiveness

The India-US trade agreement is expected to unlock America’s $118 billion global imports market for textiles, apparel and made-ups, offering a major opportunity for India’s textile sector, the government said on Saturday.US remains the largest market for India’s textile exports, and the new tariff framework is expected to strengthen India’s positioning in global textile supply…

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