The government is closely monitoring price changes following GST reductions on nearly 400 items, expecting industries to pass on benefits to consumers starting September 22. Indirect tax authorities are collecting current prices for comparison, and NDA MPs are tasked with ensuring companies don't pocket the gains.
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Ravichandran Ashwin, the veteran Indian off-spinner, has retired from the IPL after a 16-year career, announcing his decision shortly after retiring from international cricket. His final IPL appearance was with CSK in 2025, marking a return after a decade. Ashwin's last wicket was notably that of 14-year-old Vaibhav Suryavanshi, whom he praised for his impressive batting skills.
President Trump convened tech leaders, including Cook, Zuckerberg, and Pichai, to discuss AI's future. Melania Trump emphasized preparing children for an AI-driven world, advocating for its careful guidance. Tech CEOs lauded the administration's AI Action Plan and investments, with Google and Microsoft pledging significant financial contributions to the U.S. economy.
The government has lifted restrictions on ethanol production from various sugarcane sources for the 2025-26 ethanol supply year, prompting a surge in sugar stocks. This decision, aimed at boosting ethanol supply, comes as oil marketing companies prepare to issue tenders. The government will monitor sugar diversion to ensure adequate domestic sweetener availability.
Lalit Modi stirred controversy by sharing an old video of the infamous IPL 'slapgate' incident between Harbhajan Singh and S. Sreesanth. Harbhajan expressed his disappointment, suggesting a selfish motive behind resurfacing the 18-year-old incident. He acknowledged his mistake, reiterated his regret, and mentioned seeking forgiveness.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Friday as the market continued to react positively to GST rate cute announcements. While Nifty50 was above 24,800, BSE Sensex was up almost 300 points.
Shilpa Shetty Kundra and Raj Kundra face fraud accusations exceeding Rs 60 crore related to a loan-cum-investment deal. Amidst this controversy, Shilpa Shetty announced the closure of her Mumbai restaurant, Bastian Bandra, with its final day of operation being Thursday. The restaurant, co-owned with Ranjit Bindra, initially opened in 2016 and relocated in 2023.
Heavy rains, floods, and landslides have caused widespread devastation across Jammu and Kashmir, prompting the central government to dispatch an inter-ministerial team to assess the damage. Landslides injured five at a power project in Kishtwar, while breaches in the Jhelum River's embankment led to flooding in Kashmir.
Memories.ai CEO Shawn Shen reveals that Meta's frequent reorganizations are driving AI researchers to seek opportunities elsewhere, including his own startup. Memories.ai is offering lucrative compensation packages, up to $2 million, to attract top talent. The company has already hired a former Meta research scientist as its chief AI officer and plans to expand its AI team significantly.
Connor McDavid's contract situation looms large as the Edmonton Oilers approach the 2025 season, with no extension signed yet. Elliotte Friedman warns that the ongoing uncertainty could become a major distraction, impacting the team's focus and Stanley Cup aspirations. McDavid emphasizes his desire to win in Edmonton, but acknowledges that all options remain open, intensifying media and fan pressure.
Ross Taylor, the former New Zealand cricket star, is set to make a comeback to the sport after a four-year retirement. He will be representing Samoa, his mother's native country, in the upcoming Twenty20 World Cup qualifying series. Taylor aims to contribute his extensive experience to the team and help Samoa secure a spot in the 2026 World Cup.