Birla Backs AI: ₹2,200 Cr Campus Announced
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🗞️ Birla Group Pours ₹2,200 Cr Into AI & BITS Pilani Expansion
Kumar Mangalam Birla announced a ₹2,200 crore plan to set up a new AI-focused campus and expand BITS Pilani. The move aims to build India’s future-ready talent pool.
💬 Expert Take:
"Big bets on AI education will help bridge India’s deeptech talent gap — this shows serious commitment."
— Ravi Sharma, EdTech Analyst, Edvista
🗞️ SpaceX to Invest $2 Billion in Musk’s xAI
Elon Musk’s SpaceX is set to invest $2 billion in his AI startup xAI to expand its generative AI research, the WSJ reported.
🗞️ 8th Pay Commission: Possible Timeline, DA Hike Buzz
The 8th Pay Commission may roll out by January 2026, according to reports. Central employees eye potential DA hikes and allowances.
🗞️ FPIs Pull Out ₹1 Lakh Cr in 2025 So Far
Foreign portfolio investors have withdrawn ₹1 lakh crore from Indian markets this year — ₹555 crore in July alone — amid global rate concerns.
🗞️ GST Council May Scrap 12% Slab, Cut Insurance Tax
A major GST reset could be coming — the Council is considering removing the 12% slab and reducing tax on insurance premiums.
💬 Expert Take:
"Lower insurance GST could boost penetration — a smart move for long-term financial security,"
— Anjali Deshmukh, Tax Policy Expert, IFMR
🗞️ Indian Bank Sanctions ₹1,011 Cr Loans to 3,000+ Women
Indian Bank has disbursed sanction letters worth ₹1,011 crore to more than 3,000 women, aiming to uplift female entrepreneurs.
🗞️ India’s Poor Turning to Moneylenders Again
Despite widespread bank accounts, fresh data shows India’s poor still rely on local moneylenders due to lack of affordable institutional credit.
🗞️ Net Direct Tax Collections Down 13%
Net direct tax mop-up dropped 13% so far in FY26 due to higher refunds — standing at ₹5.63 trillion.