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Budget expectations 2026: Experts urge government to share data for India-focused AI models

Representative image (AI) Ahead of the Union Budget, EY India’s Rajnish Gupta said that the government should release more public data to support India’s push for sovereign artificial intelligence. He added that it is key to building AI models that reflect the country’s cultural and linguistic diversity.Gupta, Partner with EY India’s Tax and Economic Policy…

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UAE firm Al Habtoor plans legal action against Lebanon over $1.7 billion investment losses

A Dubai-based conglomerate has said it will initiate legal action against Lebanese authorities, alleging losses of more than $1.7 billion following years of economic crisis, banking restrictions and political instability in Lebanon.The Al Habtoor Group said on Monday that its investments in Lebanon have suffered “severe and sustained harm” due to measures imposed by Lebanese…

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After tax return data leak, US Treasury terminates consulting firm Booz Allen Hamilton contracts

The US Treasury Department has terminated its contracts with consulting firm Booz Allen Hamilton following the conviction of a former contractor linked to the company for leaking sensitive tax data of thousands of wealthy Americans, including President Donald Trump, to media organisations.The decision comes amid broader efforts by the Trump administration to act against entities…

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Budget 2026: Moving beyond tariffs – what India’s costumes reforms journey needs

What can be done for customs reforms. (AI generated image) By Krishan AroraIndia customs has seen several reforms over the years – from tariff rationalization to digitization to simplified procedures & schemes to support domestic Industry. While high tariff rates and duty rate rationalization remains a key industry demand, there is a need for a…

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US markets today: Wall Street opens higher as earnings season gathers pace; gold crosses $5,000 an ounce

US stocks opened with modest gains on Monday as investors turned their focus to a busy earnings calendar and the upcoming policy meeting of the US Federal Reserve, while gold surged past the $5,000-an-ounce mark for the first time.The S&P 500 rose 0.4% in early trade, coming off its second consecutive weekly loss. The Dow…

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Will banks work on Tuesday? Public sector banking ops likely to be hit as unions strike for 5-day week

Banking operations at public sector banks across the country are likely to be disrupted on Tuesday as bank unions go ahead with a nationwide strike to press for the immediate implementation of a five-day work week.The strike, called by the United Forum of Bank Unions (UFBU)—an umbrella body of nine unions representing bank officers and…

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