Zen Technologies surges 10% after winning an order worth Rs 202 crore from Defence Ministry

OpenAI CEO Sam Altman has revealed that the company is not currently training GPT5, the successor to GPT4, stating that there is still much work to be done. Altman emphasizes the need for safety audits and cautions against the rapid advancement of AI technology, addressing concerns raised by researchers and executives.

European manufacturer, Thyssenkrupp AG’s marine arm and Mazagon Dock Shipbuilders Ltd. will jointly build submarines for the Indian navy, signaling India’s efforts to diversify its military equipment sources. The collaboration aims to reduce reliance on Russia and counter China’s assertiveness. Germany supports this move to bolster its strategic partnership with India and supply modern military gear.

Capillary Technologies bolsters loyalty solutions with the acquisition of Tenerity’s Digital Connect. The Bengaluru-based SaaS startup aims to strengthen its presence in the US and European markets by incorporating Digital Connect’s reward ecosystem. Capillary now offers a comprehensive suite of end-to-end intelligent loyalty solutions, cementing its position as a leader in the industry.

ONGC-controlled MRPL (Mangalore Refinery and Petrochemicals Ltd. ) plans to expand its refinery to increase petrochemical production capacity at a cost of roughly Rs. 470 billion. 

The Rs 76,000-crore ($10 billion) incentive plan for chip-making, as well as the talent pool and skilling programs, play to India’s strengths and highlight the country’s ascent as an industry leader. According to SEMI CEO, it is now or never for India to seize the lead in the semiconductor sector.

In their most recent annual study on the industry, global management consulting and strategic advisory firm Zinnov and venture capital firm Chiratae Ventures reduced the 2026 revenue forecasts of Indian software-as-a-service or SaaS startups from $100 billion to $26 billion.

According to research by Brand Finance, the multi-industry conglomerate Tata Group, which produces everything from salt to software, has maintained its title as India’s most valuable brand and has surpassed the $25 billion threshold. The worldwide brand value consultancy performs this task each year. Infosys, a significant player in the IT industry, is still in second place.

SEC Seeks Asset Freeze and Repatriation in Binance Case: The Securities and Exchange Commission (SEC) urgently seeks to halt Binance’s U.S. platform, freezing assets and repatriating customer funds. Alleging fraud and improper conduct, the SEC’s filing targets Binance’s founder and entities involved, aiming to safeguard assets and prevent evidence tampering.

SEC Files Lawsuit Against Coinbase for alleged unregistered broker and exchange activities, demanding a permanent halt. Coinbase’s shares fell 12% after the lawsuit, following a 9% drop due to charges against Binance. SEC claims Coinbase violated securities laws, while the company argues for transparent legislation instead of litigation

Eric Young, a former vice president of engineering at Alphabet Inc’s Google Cloud, will supervise Snap’s core infrastructure, which includes the popular photo messaging service Snapchat.

China’s services sector experienced a pick-up in activity during May, according to a private-sector survey released on Monday. The Caixin/S&P Global services purchasing managers’ index (PMI) rose to 57.1 in May, up from 56.4 in April. This expansion in the services sector supports China’s consumption-led economic recovery in the second quarter. The survey’s findings differ from the official PMI, which was made public last week and showed a slower rate of increase in the services sector.