Billionaire Elon Musk has said his time leading US President Donald Trump's cost-cutting task force is coming "to an end". Musk thanked Trump for the opportunity to "reduce wasteful spending" via Department of Government Efficiency (DOGE). Musk's exit comes one day after he said that he was "disappointed" by Trump's "massive spending bill which undermines DOGE team's work".

Public Labour Prosecutor's Office (MPT) in Brazil's Bahia is suing Chinese EV-maker BYD and two of its contractors over using workers in "slave-like" labour conditions and engaging in human trafficking. MPT is further seeking over ₹380 crore in damages from these three firms. Around 220 Chinese workers affiliated with BYD plant in Brazil were rescued from human rights-violating work conditions.

Consumer Affairs Minister Pralhad Joshi said that three apps have been developed to address consumer concerns regarding "dark patterns" across digital and offline platforms. The Ministry held a stakeholder meeting regarding the concerns with over 50 e-commerce platforms, NASSCO and FICCI. This meeting aims to identify effective ways to tackle manipulative design practices used by these platforms.

AI and Machine Learning are transforming the FMEG industry, enabling devices to learn and adapt to user preferences. AI-driven inventions are improving customer experiences, with predictions that AI will reach $37.2 billion in consumer electronics by 2027. Companies like Sony and Dyson are at the forefront of this revolution.

The digital transformation in the FMEG sector is altering customer engagement with electronic goods. The expansion of e-commerce platforms is allowing consumers to compare products and prices, and read user reviews before purchasing, resulting in a wider market reach. Data-driven insights are also improving marketing tactics and product customization.

5G Connectivity is set to revolutionize the Fast-Moving Electronic Goods (FMEG) industry with faster, more reliable connections. This opens up new opportunities for real-time streaming, cloud gaming, and IoT applications. By 2029, 5G connections are expected to account for over half of all mobile connections.

The Fast-Moving Electronic Goods (FMEG) sector is seeing a surge in innovations that are shaping the market. Advancements in Smart Technology Integration, AI & Machine Learning, and IoT Connectivity are offering seamless user experiences. Energy Efficiency and Sustainability initiatives are meeting consumer expectations, while Digital Transformation is expanding e-commerce possibilities.

The FIIs, as per Wednesday's data, were net buyers in the equity segment, while they were net sellers in the debt segment, according to data released by the NSDL. In the equity segment, the gross buying was ₹20,075.01 crore against gross selling of ₹19,122.12 crore. Thus, FIIs stood as net buyers of ₹952.89 crore in equities.

COMPUTEX 2025 concluded after four days of dynamic exhibitions and events. The show welcomed an impressive turnout, with 86,521 buyers from 152 countries, including Japan, the United States, South Korea, Vietnam, and India. As the global benchmark exhibition for AI and startups, this year theme, AI Next, brought together leading global tech companies and startup teams.

Fashion e-commerce platform Myntra has received a capital infusion worth $125 million (around ₹1,062.5 crore) from its Singapore-based parent company, FK Myntra Holdings. Myntra's board approved the allotment of 19,43,753 equity shares at ₹5,466/share through a rights issue to raise the funds. This follows Flipkart's earlier infusion of $81 million in Myntra's Singapore holding firm in February.