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.

Indigenous UGRAM 7.62x51 mm battle rifle made by Indian firm Dvipa Defence has passed key Army and Ministry of Home Affairs trials. The rifle is now under procurement by several Central Armed Police Forces (CAPFs). Developed in collaboration with the DRDO's Armament Research and Development Establishment, UGRAM rifle's functional prototype was ready in just 100 days.

Samsung Electronics employees in its smartphone, TV and home appliance division will hold a rally on July 16, protesting the higher bonuses awarded to semiconductor workers. The demonstration follows a recent wage deal in the chip division. Non-chip employees will receive 6 million won in treasury shares for 2026, compared with up to 600 million won for semiconductor workers.

Gold prices have crashed around 30% after hitting an all-time high in January this year, raising concerns among investors about whether it's a prolonged downtrend or a buying opportunity. "The pullback has come...as geopolitical uncertainty persists and central banks keep buying...markets have shifted their attention to interest rates, bond yields and broader financial conditions," an expert said.

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.

Supriya Lifescience said its General Manager - Sales and Marketing has been placed under judicial custody until July 17, 2026, following a Customs Department investigation under the NDPS Act. The company said the matter relates to a single export transaction and is currently before a competent court, adding that it expects no material operational or financial impact.

Prestige Estates will acquire a 50% stake in Advent Convention and Hotels International for ₹504 crore, forming a 50:50 joint venture to develop a land parcel in Andheri East, Mumbai. The project will have a total leasable area of 1.50 million sq ft and a gross development value of ₹4,500 crore, the company said.