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BusinessPhoto: NDTV

Nikhil Kamath Warns of AI Investment Bubble and Tough Months Ahead

Investor Nikhil Kamath warned that the AI industry faces tougher months as investments near $1 trillion annually, while AI-generated revenue is only $100-$200 billion. He highlighted a $700-$800 billion yearly gap and questioned if fresh capital inflows can sustain. Kamath noted much investment comes from the Middle East and foreign sources, emphasizing the challenge of finding new funds amid a $100-$120 trillion global economy.

NDTV·

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PoliticsPhoto: Firstpost World

UK Defence Secretary Warns Britain Must Prepare for War by 2030

UK Defence Secretary Wes Streeting warned that Britain must prepare for war amid intensifying Russian hybrid warfare against NATO. He stated adversaries could be capable of attacking by 2030 and emphasized the country has just over 1,000 days to be ready for potential conflict.

Firstpost World·

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PoliticsPhoto: Economic Times

Trump Campaigns in Michigan as Obama Supports Democrat El-Sayed

US President Donald Trump is campaigning in Michigan ahead of the midterm elections. Former President Barack Obama has endorsed Democrat Abdul El-Sayed, emphasizing the Senate race's importance. The contest is between Republican Mike Rogers and El-Sayed, who could become the first Muslim senator. Rogers accuses El-Sayed of terrorist ties, which El-Sayed denies.

Economic Times··Michigan

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BusinessPhoto: ET Energy

Bharat Coking Coal Reports ₹124 Crore Profit in Q2 FY27

Bharat Coking Coal Ltd posted a net profit of ₹123.74 crore in Q2 FY27, reversing a previous loss of ₹52.99 crore in the same quarter last year. The company saw significant growth in revenue and coal production, marking a strong financial turnaround.

ET Energy·

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EntertainmentPhoto: HT Entertainment

Gautam Ghattamaneni Rates Nani's The Paradise One Star

Gautam Ghattamaneni, son of actor Mahesh Babu, publicly rated Nani's film The Paradise one star on his Letterboxd account, calling it very disappointing with atrocious editing. He praised the cinematography and emotional acting but disliked the rest. Gautam is known for candid film reviews, previously rating Yash's Toxic half a star and some of his father's films two stars.

HT Entertainment·

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BusinessPhoto: TOI Business

GST Tribunal Allows Airlines Refunds on Cancelled Flight Tickets

The GST Appellate Tribunal ruled that airlines can claim GST refunds on cancelled flight tickets if the fare and tax are refunded to passengers. Singapore Airlines reclaimed Rs 45.92 lakh after proving direct refunds. The tribunal stressed the need for thorough documentation to verify refund trails. This ruling covers eight claims from October 2019 to March 2021 during the Covid-19 pandemic.

TOI Business·

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