Ishaan Mukherjee

CBDT raises Cost Inflation Index by over 2% to 384 for FY27

The Central Board of Direct Taxes (CBDT) has raised the Cost Inflation Index (CII) for FY27 to 384, up 2.12% from 376 in FY26. Effective April 1, the revised index will be used to calculate long-term capital gains (LTCG) tax for eligible taxpayers. The higher CII means that people selling long-term assets may end up paying lower LTCG tax.

Jul 18th, 2026

CBDT raises Cost Inflation Index by over 2% to 384 for FY27

Anmol Sharma

The most expensive ticket currently listed for the FIFA World Cup 2026 final costs $28,479 (around ₹27 lakh) for a Section 115A seat at MetLife Stadium. TickPick said the average purchase price is $11,327, making the final the costliest US sporting event ever. Its get-in price stands at $6,943, slightly below the Argentina-England semi-final's $7,200, according to a Forbes report.

Jul 18th, 2026

Most expensive FIFA World Cup 2026 final ticket being sold at ₹27 lakh

Jessica Rajan

Karnataka contributed 41% of India's total software exports, the highest among all states, PTI reported. It also accounted for 24% of the country's overall exports, retaining the top position nationally. In merchandise exports, Karnataka ranked fourth with a 7.78% share, behind Gujarat, Maharashtra and Tamil Nadu. The figures were shared at the State Level Export Promotion Committee meeting.

Jul 18th, 2026

Karnataka leads India in software exports with a 41% share: Report

Mansi Agarwal

Videogame retailer GameStop has increased its ownership in eBay to nearly 10%, according to a regulatory filing. "I'm not going to call my shots, but we're coming for eBay one way or another," GameStop CEO Ryan Cohen said. The e-commerce major had earlier rejected GameStop's roughly $56 billion offer to buy the company.

Jul 18th, 2026

Coming for them one way or another: GameStop on buying 10% eBay stake

Jessica Rajan

Kotak Mahindra Bank reported a 26% year-on-year rise in standalone net profit to ₹4,123 crore for the April-June quarter, beating analysts' estimates. Net interest income rose 9% YoY to ₹7,928 crore in Q1 FY27. The private lender's profit rose from ₹3,282 crore a year earlier, while asset quality improved compared with the corresponding quarter last year.

Jul 18th, 2026

Kotak Mahindra Bank Q1 profit jumps 26% to ₹4,123 cr, beats estimates

Ashley Paul

MK Surana, former Hindustan Petroleum Chairman, has busted the "myth" that blending ethanol with petrol will lower fuel prices. "Ethanol costs between ₹56.71-₹71/litre, while ex-refinery price of petrol was almost ₹53/litre. As far as OMCs are concerned, the answer is 'no', because ethanol is costlier than petrol for them," Surana said. Ethanol is like a "hedge" for OMCs, he added.

Jul 18th, 2026

Ex-Hindustan Petroleum chief busts 'myth' about ethanol making petrol cheaper

OnePlus has confirmed that Android 17 updates will introduce the full ColorOS experience, replacing OxygenOS as the company's primary operating system. The unified platform is expected to deliver faster software updates, improved stability and better long-term support while retaining the smooth performance and user experience that OnePlus customers are familiar with.

Jul 18th, 2026

All OnePlus phones to be migrated to ColorOS, with Android 17

Scientists have discovered a hidden reservoir of superheated, hydrogen-rich water nearly 1.3 kilometres beneath the Atlantic Ocean, providing the energy source for the mysterious Lost City hydrothermal ecosystem. The breakthrough sheds light on how life survives without sunlight, offers clues about the origins of life on Earth and possibility of finding life in underground oceans.

Jul 18th, 2026

Scientists find superheated water after drilling Atlantic ocean

Wipro says the biggest challenge facing companies adopting AI is no longer technology, jobs or data storage, but employee adoption and behavioural change. As AI moves from pilot projects to enterprise-wide deployment, organisations are focusing on training, leadership support and change management to ensure employees confidently integrate AI into their daily work.

Jul 18th, 2026

Employee adoption is the biggest challenge in AI era

Netflix has confirmed that Generative AI was used in around 300 titles during 2026, including the Indian series 'Glory'. The technology was primarily deployed in post-production to enhance visual effects and improve production efficiency. Netflix says AI is designed to assist creators, enabling more ambitious storytelling while keeping human creativity at the centre.

Jul 18th, 2026

300 Netflix movies, series used Generative AI in 2026

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