Jessica Rajan
AI startup Midjourney is seeking details on how The Walt Disney Company, Universal Pictures and Warner Bros use AI as part of an ongoing copyright dispute. Last year, the studios had accused Midjourney of generating images of characters owned by them without permission. The startup says using copyrighted images to train its AI is protected under fair use.
Jul 5th, 2026

Jessica Rajan
Taxpayers can revise their income tax returns multiple times within the prescribed deadline if they discover errors. However, experts advise avoiding frequent revisions, as repeated changes may attract unnecessary scrutiny from the tax department. Filing the correct ITR form initially is also crucial, as using the wrong form can delay refunds or result in the return being treated as defective.
Jul 5th, 2026

Ashley Paul
Motorists are set to stage a protest at Delhi's Jantar Mantar on Sunday against the Centre's rollout of E20 fuel. Entrepreneur Tehseen Poonawalla, who's leading the protest, said the agitation aims to allow motorists to choose which type of fuel they wish to use. The protest's organisers claimed Delhi Police asked them to limit the number of protestors to 200.
Jul 5th, 2026

Medhaa Gupta
Entrepreneur Dr Ritesh Malik compared Norway's 7.5-hour workday culture to India's, claiming India's burnout culture wasn't "accidental" but due to its population. However, he said the opportunity landscape has changed in 20 years and 80-hour weeks "aren't necessary". "In India, there's a whole generation that knows how to work. But we forgot to teach them how to live," he added.
Jul 5th, 2026

Jessica Rajan
Uber has paused most of its planned food delivery expansion in Europe as it pursues a takeover of Delivery Hero, the Financial Times reported. The company has dropped plans to launch in five of the seven targeted markets, including Austria, Norway and Greece. In May, Uber increased its stake in Delivery Hero from 25% to nearly 37%.
Jul 5th, 2026

Sourav Kumar
CRED's interim CEO, Miten Sampat, who took over after Kunal Shah stepped down, said the company remains "in safe hands," adding, "We have a highly talent-dense company." Responding to speculation after Shah's appointment as WhatsApp's global CEO, Sampat said, "Meta is just a financial investor. There's no strategic angle beyond the financial investment...No planned integration with WhatsApp."
Jul 5th, 2026

Ashley Paul
US-based Bramshill Investments' Co-founder, William Nieporte, sued his $8-billion company for firing him over his non-compliance with a return-to-office policy he himself mandated. Nieporte, who ran Bramshill with his two schoolmates, was fired in 2022 for allegedly "willfully and deliberately" failing to report for in-person work. His lawsuit claimed his firing was an excuse to usurp his role.
Jul 5th, 2026

Ishaan Mukherjee
The combined market capitalisation of six of the country's 10 most-valued companies increased by nearly ₹1 lakh crore in the previous week, driven by positive equity trends. Bharti Airtel recorded the biggest gain, with its market valuation rising by ₹36,529.21 crore to ₹11,63,877.30 crore. Bajaj Finance also witnessed a major jump in its valuation by ₹33,059.83 crore to ₹6,43,141.36 crore.
Jul 5th, 2026

Vaishnavi Mishra
A Microsoft compliance report showed the firm uses transactions between subsidiaries to shift profits and reduce its European tax bill, NYT reported. The company shows higher income in low-tax regions and lower profits in high-tax countries. Microsoft reported nearly 40% of its global income in tax-friendly Ireland, but only 0.5% in Germany, Europe's largest market with significantly higher rates.
Jul 5th, 2026

Jessica Rajan
More than ₹9,330 crore remains unclaimed in 30.91 lakh inoperative EPF accounts as of March 31, 2026. During FY26, both the number of inactive accounts and the unclaimed corpus declined. Recently, the Centre notified the Employees' Provident Fund (EPF) Scheme, 2026, replacing the 1952 rules to simplify provident fund regulations and digitise services.
Jul 5th, 2026

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