India's FY27 inflation may rise to 5.1% due to a weak monsoon and higher food and energy prices, according to S&P Global Ratings. The southwest monsoon is likely to be much weaker this year, with rainfall expected at about 90% of long-period average, S&P said, citing IMD. S&P added that it could also weaken rural demand and strain fiscal balances.

UN Secretary-General Antonio Guterres warned that AI is advancing faster than regulators can keep pace, urging globally harmonised rules to reduce risks, especially for children. "Innovation needs guardrails.…If AI is to be powerful, it must be governed," Guterres said. He proposed an AI Child Safety Pledge requiring companies to prove their systems are safe before children can access them.

A video shared by Frido CEO Ganesh Sonawane showed the company's warehouse near Pune damaged, with walls torn open and concrete debris scattered after a landslide triggered by heavy rains in Maharashtra. "Imagine doing half a million dollars in sales over Sat/Sun and waking up to this," Sonawane said sharing the video. "There may be delays in shipments," he added.

Ather Energy plans to raise up to $200 million through a qualified institutional placement (QIP) as early as next week, Bloomberg reported. The electric two-wheeler maker has appointed HSBC, Axis Capital and Nomura to manage the share sale. Ather's stock has climbed over 250% since its May 2025 IPO, boosted by rising demand for electric mobility.

Perplexity CEO Aravind Srinivas said the US is the only country where people encourage others to pursue their ambitious ideas. "The risk-seeking culture is just incredible. Everywhere else, you...are...either explicitly or implicitly forced to defer to authority," he said. "The ability to be taken seriously for some crazy ideas is why America is still at the top," he added.

Sachin Bansal's fintech startup Navi is planning to file for a ₹3,000 crore IPO by the March quarter of FY27, The Economic Times reported. The offering is expected to include a mix of fresh shares and an offer for sale. The company had deferred its 2022 IPO plans amid market volatility and a decline in technology stocks.

Quick fashion delivery startup Klydo has halted its consumer business and is pivoting to a new product strategy, less than a year after launching. Founded by former Udaan executives, the Bengaluru-based startup has stopped taking new orders. Klydo becomes the second rapid fashion delivery player to exit the market within a year, following Blip.

Americans are using AI chatbots such as ChatGPT, Claude and Gemini to understand candidates and form voting decisions, NYT reported. Firms have safeguards to prevent chatbots from directly telling users whom to vote for, but nuanced questions can still influence their decisions. The report says 2026 US midterms could be first US election where many voters rely on AI research.

Hyderabad-based Skyroot Aerospace has announced a July 12-August 4 launch window for the maiden test flight of Vikram-1, India's first privately developed orbital-class rocket, from Sriharikota under "Mission Aagaman." The rocket will carry customer payloads, with the primary objective of demonstrating its ability to place satellites into orbit and strengthen India's private space sector.

Amazon has confirmed it is developing its own chips for devices as part of an AI-first strategy, marking a shift after 20 years of relying on external processors. The company is partnering with Alchip for chip design and aims to ship 40 million units annually. Amazon's free cash flow fell 95% to $1.2 billion in 2026 amid higher technology investments.