Amazon announced that it received $600 million (₹5,700 crore) in tariff refunds from the Donald Trump administration in April-June and said it'll automatically issue refunds to consumers under a "limited set of circumstances". It noted that it wasn't hit as hard by tariffs as it had stockpiled inventory. In most cases where prices did rise, Amazon absorbed the tariff impact.

Situational Awareness, ex-OpenAI researcher Leopold Aschenbrenner's hedge fund, was forced to sell the majority of its public stock portfolio to Citadel after recording steep losses on its AI bets, WSJ reported. The fund returned 439% in the first six months of 2026 as its assets under management peaked at $45 billion. However, in July, the two-year-old fund's AI bets crashed.

Nearly 76% of taxpayers below 25 now file complex income tax returns, up from 14% in AY 2022-23, according to ClearTax data. Salary-only taxpayers have become a minority for the first time, with their share falling to 42% from 82%. The shift reflects a sharp rise in taxpayers reporting investment and other sources of income.

Taxpayers earning capital gains from shares, mutual funds or ETFs need to file ITR-2 to avoid errors. Report all gains in the Capital Gains schedule by providing transaction details, sale value, acquisition cost and the resulting gain or loss. Equity gains are treated as short-term if held for up to 12 months and long-term if held for longer.

India may extend its upcoming vehicle cybersecurity rules to electric scooters and e-rickshaws after some e-rickshaws were remotely disabled via Bluetooth apps, Mint reported. The standards, rolling out from October 2026, will initially cover passenger and commercial vehicles. Manufacturers warn that including electric two- and three-wheelers could raise costs and hurt affordability.

Microsoft added $450 billion (₹42.93 lakh crore) to its investors' wealth, marking the biggest single-day market value jump in stock market history, after it forecast better-than-expected cloud growth and signalled continued cash inflow. Its shares closed 15% higher, lifting its m-cap to $3.35 trillion. Microsoft surpassed Nvidia's previous one-day gain record of $441 billion, set on April 9.

Gujarat has decided to construct all new internal urban roads using cement concrete instead of asphalt. The policy, which will be implemented across municipal corporations and municipalities, aims to build stronger roads that are more resistant to monsoon damage, require less maintenance and offer longer service life, even though their initial construction cost is higher.

The RBI has asked HDFC Bank to explain the basis for imposing a ₹1 lakh penalty on three senior executives over alleged wrongful incentives linked to Maharashtra State Road Development Corporation (MSRDC) deposits, Moneycontrol reported. It sought details on whether such penalties are standard practice. HDFC Bank said the board viewed the matter as business overreach, not mala fide conduct.

Pimpri-Chinchwad is planning a Metro-style Electric Rapid Transit system featuring three-coach electric vehicles that will operate on dedicated road corridors instead of railway tracks. The proposed project aims to provide faster, cleaner and more affordable public transport while reducing congestion and avoiding the high costs of building conventional metro rail infrastructure.

Auto fares in Pune are likely to increase after the RTO approved a proposal awaiting final clearance from the Regional Transport Authority. The minimum fare for the first 1.5 km may rise from ₹25 to ₹30, while the per-kilometre rate could increase from ₹17 to ₹20, with the revised fares expected to take effect after recalibration.