Mahanagar Telephone Nigam Ltd (MTNL), the state-run telecom firm, is facing a fresh financial crisis as it defaults on a significant sum of Rs 8,585 crore in principal and interest payments to a group of seven public sector banks. The default was officially confirmed by MTNL in a filing to stock exchanges, highlighting the ongoing struggles of the company. The unpaid debt includes Rs 7,794.34 crore in principal and Rs 790.59 crore in interest.

On January 7, 2025, the United States Food and Drug Administration (FDA) released a significant draft guidance titled “Artificial Intelligence and Machine Learning in Software as a Medical Device.” While the release may not have received widespread media attention, its impact on startups and innovators in the healthcare technology space is expected to be profound. The document outlines new expectations for how companies should design, test, validate, and monitor AI-powered medical

President Donald Trump has appointed current Transportation Secretary Sean Duffy as interim administrator of NASA, signaling a renewed push to align the agency with his administration’s broader national agenda. The decision, announced Wednesday, highlights the increasing strategic importance of space in U.S. defense, technological innovation, and economic development. Trump made the announcement through his official communication channels, calling Duffy a proven leader an

Indian-origin entrepreneur Jay Chaudhry, the founder and CEO of cybersecurity firm Zscaler, has been ranked as the richest Indian immigrant in the United States according to Forbes’ 2025 edition of America's Richest Immigrants list. With an estimated net worth of $17.9 billion, Chaudhry holds the 8th spot among 125 billionaires from around the globe who now reside in the US. He is the only Indian immigrant in the top 10, ahead of other notable Indian-origin tech leaders such as Sund

In a bold and unexpected move, the President of the United States has announced a 50 percent tariff on all imports from Brazil. The announcement deviated from usual trade policy rhetoric and was directly linked to the ongoing prosecution of Brazil's former president Jair Bolsonaro. The President emphasized that the tariff decision was not based on trade deficits or economic concerns but was instead a response to what he termed an unfair legal attack on Bolsonaro, who he described as a person

Bomb threats at four prominent locations in Hyderabad, including the City Civil Court, Raj Bhavan, Gymkhana Club, and Secunderabad Civil Court, caused a major security scare on July 8, 2025. The alert was triggered after an email was sent to the City Civil Court claiming that bombs planted at these places would detonate. The email specifically mentioned that improvised explosive devices (IEDs) containing RDX were hidden at the various sites. Following the thre

Former United Kingdom Prime Minister Rishi Sunak is returning to the private financial sector as a senior adviser, approximately one year after his political party faced a significant defeat in the national elections. His new role comes as part of a strategic move to leverage his political and economic expertise in the business world. Sunak, who continues to serve as a Member of Parliament, will be advising on a range of global economic and political issues. His responsibilities w

A nearly two-decade-old Transportation Security Administration policy requiring passengers to remove their shoes during airport screenings may soon become a thing of the past. According to senior officials, the TSA is in the early stages of phasing out the mandatory shoe removal rule for travelers going through standard security checks at select airports across the United States. The updated security procedure marks a significant shift in post-9/11 travel protocols that have lo

If you're a tenant paying more than ₹50,000 in monthly rent, you could be sitting on a potential tax penalty without realizing it. As per Section 194-IB of the Income Tax Act, even salaried individuals not just business entities are required to deduct 2% Tax Deducted at Source (TDS) from the rent and deposit it with the government. This provision applies to anyone paying high-value rent and is often overlooked, leading to costly mistakes.

Prime Minister Narendra Modi strongly condemned the Pahalgam terror attack while addressing world leaders at the 17th BRICS Summit held in Rio de Janeiro, Brazil. Speaking during a high-level session on ‘Peace and Security and Reform of Global Governance,’ Modi referred to the recent terror incident in Jammu and Kashmir as not just an attack on India but on the whole of humanity. “Terrorism is among

Australia has announced a significant increase in its student visa application fee, raising it to AUD 2,000, effective July 1, 2025. This sharp hike, now making Australia the most expensive destination for student visas among major English-speaking countries, is expected to generate AUD 760 million over the next four years. The government justifies this increase as part of its efforts to manage the growing international education sector sustainably, ensuring equi

In a significant legislative move early in his second term, President Donald Trump signed the "One Big Beautiful Bill" into law during a celebratory Fourth of July ceremony at the White House. The bill, hailed by Trump as a fulfillment of several key campaign promises, introduces wide-reaching tax cuts, substantial boosts to military spending, and increases funding for immigration enforcement. The legislation also includes controversial reductions to Me

California families who rely on food assistance and other social safety nets may soon find themselves without critical support as the federal government moves forward with sweeping cuts to key programs. A Senate-backed budget reconciliation bill now under consideration in the House would slash $186 billion from the Supplemental Nutrition Assistance Program (SNAP) over the next ten years, representing the largest funding cut in the history of the program. Know

The US State Department has officially opened student visa applications for international students, encouraging applicants to submit their applications while ensuring that decisions are made with US national security as a top priority. Mignon Houston, the US State Department Deputy Spokesperson, emphasized that visa decisions are not only about allowing students to pursue education in the US but also ensuring their intentions align with educational purposes, n

Novak Djokovic sent a firm message to his doubters after a tough opening-round victory at Wimbledon 2025. Despite battling a stomach bug and requiring medical attention, Djokovic triumphed over Frenchman Alexandre Muller with a scoreline of 6-1, 6-7(7), 6-2, 6-2. This win marked his 20th consecutive first-round win at Wimbledon, further solidifying his dominance on the grass courts. Djokovic, who has claimed seven Wi

Infosys, one of India’s leading IT companies, has rolled out an internal campaign focusing on employee health and work-life balance. In response to the growing concerns over health issues caused by overwork, the company is now closely monitoring the remote work hours of its employees and urging them to stick to regular working hours. The company has implemented a policy where employees are asked to limit their

The middle class, once considered the backbone of society with steady jobs and dreams of homeownership, is now facing a critical dilemma: should they focus on looking rich or becoming rich? Shyam Achuthan, Founder and CEO, highlights the growing divide between those who focus on immediate appearances and those who prioritize long-term financial stability. According to Achuthan, many individuals today are trapped in a

European bank stocks are enjoying a notable upswing, with both Barclays and Deutsche Bank shares reaching their highest levels in over a decade. This rally is being fueled by a combination of easing geopolitical tensions, signs of improving global trade relations—particularly between the United States and China—and robust first-quarter earnings, especially from investment banking divisions. Barclays, one of the UK’s leading financial institutions, has seen its

India’s journey into space has taken another historic leap with Group Captain Shubhanshu Shukla becoming the second Indian astronaut to travel to space. Onboard the Axiom-4 mission, Shukla is headed to the International Space Station (ISS) aboard the SpaceX Crew Dragon spacecraft, launched from NASA’s Kennedy Space Center on a Falcon 9 rocket. Shukla, an Indian Air Force pilot, follows in the footsteps of

Increasingly, middle-class Indian couples are opting to invest in property in Dubai rather than India to build their retirement wealth. A notable trend among Indian buyers in the UAE reveals that many couples, after years of hard work and savings, have managed to purchase two to three properties. These properties offer attractive rental yields of 6-7%, and are financed at an interest rate of just 5%. This financial model provides sustainable assets that genera