Nvidia has achieved a historic milestone, becoming the first public company to surpass a $4 trillion market value, driven by soaring demand for its AI chips. This surge positions Nvidia ahead of tech giants like Apple and Microsoft. While Nvidia benefits from the AI boom, it faces challenges, including trade tensions between the US and China.
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India and the United States are nearing a mini trade deal, excluding sensitive sectors like dairy and agriculture for now. Discussions are ongoing to finalize the deal before the July 9 tariff suspension deadline. India seeks the removal of the 26% tariff.
CJI B R Gavai, has updated Supreme Court rules to include reservations for SCs, STs, OBCs, the physically challenged, ex-servicemen, and dependents of freedom fighters in direct subordinate staff recruitment. The amendment, gazetted on July 3rd, notably omits reservation for the Economically Weaker Section (EWS), despite its constitutional validity being upheld by the Supreme Court in a prior judgment.
Apple is contemplating a significant change in its AI strategy by exploring partnerships with Anthropic or OpenAI to enhance Siri, potentially diminishing its reliance on in-house AI models. These discussions aim to integrate advanced language models like Claude or ChatGPT into Siri, running on Apple's cloud infrastructure while prioritizing user privacy.
Justin Tucker accepted a 10-game suspension following sexual misconduct accusations from 16 women, despite not publicly defending himself. The NFL's investigation, praised by the accusers' attorneys, led to an initial proposal of a longer suspension. Tucker's agent advised accepting the reduced ban to expedite his return, fueling speculation and adding to the league's ongoing conversation about accountability.
Red Panda, the renowned halftime entertainer, suffered a fractured wrist during a WNBA Commissioner's Cup Final performance after a unicycle malfunction. Following the fall, she received immediate medical attention in Minneapolis, with Lynx staff providing support. Pat McAfee shared an update from her team, expressing gratitude for the outpouring of support and well-wishes as she heads home for further treatment.
India's Under-19 cricket sensation, Vaibhav Suryavanshi, is capturing hearts both on and off the field. Before the Youth Test series, two young fans traveled six hours to meet him, sporting his IPL team's jerseys. Despite a loss in the final ODI where Vaibhav scored a gritty 33, his earlier century and fan interactions highlight his rising popularity.
Indian e-commerce giants Swiggy and Eternal are outperforming domestic indices and Asian peers, fueled by the rapid growth of quick commerce. This sector, projected to reach $100 billion by 2030, sees established players like Swiggy, Zomato's Blinkit, and Zepto maintaining market dominance due to efficient delivery and established supply chains, contrasting with challenges faced by Chinese counterparts.
India is set to focus on domestic production of rare earth magnets with a Rs 1,345 crore investment, aiming to reduce reliance on China, which controls a huge chunk of global processing. This move follows China's export restrictions on these crucial materials.
A law college in Kolkata is facing criticism for a graffiti celebrating Monojit Mishra, who is accused of raping a student on campus. Despite the vice principal claiming awareness of the graffiti since February, it remained untouched until the incident in June.
BRICS nations have strongly condemned the European Union's carbon border tax, deeming it discriminatory and a barrier to their development. They argue the CBAM, set to begin next year, unfairly burdens developing countries and disrupts global trade.