South Korea Cracks Down on Chinese AI Data Misuse

Tata Technologies saw its shares rise after reporting a net profit of Rs 170.28 crore for Q1 FY26, marking a 5% increase from the previous year. However, revenue from operations dipped 2% year-on-year to Rs 1,244 crore. Sequentially, net profit and revenue fell by about 10% and 3%, respectively. Despite this, the company is optimistic about a revenue recovery in Q2 due to better customer engagement. Goldman Sachs has a 'sell' rating with a target price of Rs 560, while JP Morgan suggests an 'underweight' stance at Rs 570.

Indian External Affairs Minister S. Jaishankar met Chinese President Xi Jinping in Beijing during the Shanghai Cooperation Organisation (SCO) meeting. This visit is significant as it's Jaishankar's first to China since the tensions escalated after the 2020 Galwan Valley clashes. He discussed India's growing bilateral ties and emphasized the need for ongoing high-level engagement. Jaishankar conveyed greetings from President Droupadi Murmu and Prime Minister Narendra Modi, showcasing India's commitment to stabilizing relations amidst border tensions in eastern Ladakh.

On July 15, both foreign and domestic institutional investors were active buyers in the Indian stock market. FPIs purchased equities worth Rs 120 crore, while DIIs bought Rs 1,555 crore. So far this year, FPIs have sold equities worth Rs 1.26 lakh crore, while DIIs have been net buyers at Rs 3.63 lakh crore. The market closed positively, with the Sensex up by 317.45 points and the Nifty rising by 113.50 points. Analysts expect financial and consumer sectors to thrive amid low inflation, while IT companies will be closely watched ahead of key earnings reports.

A recent terror attack in Pahalgam, Kashmir, which resulted in 26 deaths, has been traced back to Pakistan's political and military leadership. The assault was orchestrated by the Inter-Services Intelligence (ISI) and Lashkar-e-Taiba (LeT), specifically targeting foreign terrorists to minimize local involvement. The attack was led by a former Pakistani commando named Sulaiman, who had infiltrated Jammu. This incident has heightened security concerns across India and highlighted the ongoing threat from across the border, emphasizing the need for vigilance against such cross-border terrorism.

In late 2023, Nvidia's CEO Jensen Huang proposed that every country should develop its own artificial intelligence (AI) system, tailored to local data and values, termed "sovereign AI." This idea is gaining traction among governments, with many investing in local AI infrastructure to enhance data security and accessibility. While this could create opportunities, especially for countries like India that prioritize local relevance in AI, concerns remain about dependence on American technology and potential waste of taxpayer money. The success of these initiatives may hinge on balancing local needs with global capabilities.

Adam Swart, CEO of Crowds on Demand, revealed that he declined a $20 million offer to recruit demonstrators for anti-Trump protests. This event, titled ‘Good Trouble Lives On,’ is honoring civil rights legend John Lewis. Swart emphasized that accepting such a deal would be ineffective and damaging to their reputation. He also expressed concerns about safety and the integrity of the movement. Founded in 2012 while in college, Crowds on Demand aims to harness the power of crowds to influence public perception. Swart's decision reflects a commitment to genuine activism over profit.

The US is urging India to reduce tariffs on American agricultural imports from around 40% to 5%, a key topic in upcoming trade talks. While the US seeks a fair trade relationship, Indian farmers may struggle against large American farms. The negotiations aim to establish a Bilateral Trade Agreement to double trade by 2030. However, experts warn that US trade commitments can be unpredictable, citing issues with Vietnam’s trade deal. As Indian negotiators head to Washington, the outcome remains uncertain but crucial for both nations.

Apple is gearing up for an exciting product launch in early 2026, with a range of new devices including a budget iPhone, multiple iPads, and upgraded Macs. The iPhone 17e, priced around $599, will feature the new A19 processor, while revamped iPads and iPad Air models are also on the way. These updates come as Apple seeks to regain steady revenue growth after recent fluctuations in demand. With a focus on affordability and performance, this lineup is set to attract both consumers and businesses, making it a significant development in the tech giant's strategy.

Industrialist Anand Mahindra has captivated social media with his insightful advice, drawing from his 44 years of experience. In a recent post, he reassured those facing personal or professional challenges that tough times eventually pass. He emphasized the importance of resilience, stating that while it may feel overwhelming in the moment, stress is temporary. With a focus on perseverance and trust in the future, Mahindra's words resonated with many, sparking positive reactions and providing comfort. His encouragement reminds us that even in the storm, hope can shine through.

HFCL's share price rebounded on July 14 after the company announced a significant investment of ₹125 crore to expand its IBR cable manufacturing capacity. This move aims to diversify its optical fiber product range and meet the rising global demand, particularly from North America and Europe. The expansion will increase production capacity from 1.73 million to 19.01 million fiber kilometers annually at facilities in Hyderabad and Goa. While this project is set to be operational by mid-2026, another planned expansion in Jammu & Kashmir is on hold due to regional security concerns.

On July 14, Indian benchmark indices faced a decline, with the Nifty 50 managing to stay above the 25,000 mark. Despite losses in IT shares, other sectors like pharma and media showed gains. The Nifty closed at 25,082.30, down by 0.27%. Noteworthy stock movements included significant gains for Ola Electric and BEML, while losses were seen in companies like DMart. As the week continues, analysts suggest that a support zone around 25,000 could stabilize the market, despite ongoing tariff tensions and anticipation of CPI data.

HCLTech, India's third-largest IT services firm, is changing its fresher hiring approach. Instead of focusing on quantity, the emphasis is on quality and specialization, creating an "elite cadre" of freshers. These specialized candidates will receive pay packages up to four times higher than regular freshers. The company's chief people officer highlighted that this shift is essential due to the growing impact of AI and new technologies in the industry. While HCLTech plans to hire more freshers this fiscal year, the focus will remain on hiring skilled candidates, particularly in data, AI, and cybersecurity fields.

Jyoti Prakash from AlphaaMoney anticipates a rise in consumer goods demand in the latter half of FY26, driven by festive spending and improved rural income due to good monsoons. He is optimistic about the Indian IT sector, particularly companies serving the BFSI industry in the US. While some IT firms may struggle due to a weak dollar and tariffs, overall market performance could improve if companies continue to post strong earnings. With increasing government spending and favorable inflation, the outlook for Indian equities remains hopeful, especially if global risks don't derail progress.

The Central government has appointed R Doraiswamy as the new CEO and MD of LIC, marking a significant shift in leadership. He is the first full-term head under the revamped LIC Act, which merged the roles of chairman and managing director. With over 38 years of experience at LIC, Doraiswamy is well-equipped for the role, having previously managed various departments, including operations and marketing. His appointment follows a thorough selection process by the Financial Services Institutions Bureau, aiming to stabilize LIC’s leadership after a period of interim management.

The thrilling final day of the Lord’s Test between India and England showcased the emotional rollercoaster of Test cricket. India, led by Shubman Gill, faced a daunting target of 193 but fell short by just 22 runs, reminiscent of past struggles in chasing small totals. Historical match failures, such as against West Indies and New Zealand, highlight the pressure on the team. Ravindra Jadeja’s valiant effort with 61 not out brought hopes alive until the last moments. The match ended dramatically, leaving fans heartbroken yet hopeful for the future.

Economists are cautiously optimistic about the U.S. economy, expecting stronger growth and job creation. Recent data shows job growth averaging 150,000 and a dip in the unemployment rate. Despite concerns about tariffs and inflation, consumer spending remains steady. However, uncertainty persists as new tariffs loom. While GDP growth for the fourth quarter is projected at 1%, the possibility of a recession in the next year has decreased. The Federal Reserve may adjust interest rates based on these trends. Overall, the economic outlook is improving, but challenges remain.

Nikhil Kamath, the billionaire co-founder of Zerodha, has invested ₹4-5 crore in Cafe Amudham, a South Indian eatery chain expanding rapidly in Bengaluru and Delhi. Launched in 2022, Cafe Amudham now has eight outlets and aims to compete with established players like Rameshwaram Cafe. Unlike its rivals, Cafe Amudham adopts a quick-service restaurant model, striving for swift growth across Indian cities. Kamath's interest in the food sector isn't new, as he has previously invested in brands like Subko Coffee Roaster and Licious, showcasing his commitment to the evolving Indian culinary landscape.

In 2023, Nvidia's CEO Jensen Huang proposed that every country should develop its own AI systems, customized to local values and data. Dubbed "sovereign AI," this idea is gaining traction among governments worldwide, with many pursuing local AI infrastructures. While it aims to protect sensitive data and cater to local needs, concerns remain about its effectiveness and the reliance on American technology. Countries like India are particularly interested in ensuring AI reflects local languages and cultures. Ultimately, while sovereign AI projects may enhance data security, they may not achieve complete self-sufficiency.