Delhi HC backs OpenAI; RBI surplus eases rupee

The fund tracks the Nifty REITs & Realty Total Return Index, giving investors exposure to listed REITs and real estate firms through a single open‑ended mutual fund. It opens for subscription Aug 5‑19 and promises tax‑efficient compounding of REIT distributions, lowering the capital and liquidity barriers of direct property investing.

Bluestone’s FY26 profit surge looks impressive, but ₹150 crore of the ₹228 crore cash PAT comes from a gold‑price driven inventory revaluation. That mark‑to‑market gain pads EBITDA and masks a 60% inventory jump that outpaces revenue, leaving cash flow negative and raising doubts about the durability of the turnaround.

Four Indian fusion companies have petitioned Niti Aayog to carve out a distinct legal category under the SHANTI Act, arguing that fission‑style safety rules block investment. They say lighter licensing and material access could close the $1.1 billion funding gap with US peers and accelerate clean‑energy independence.

A June package from the RBI and the government, including full hedging cost coverage for three‑to‑five‑year FCNR(B) deposits and a concessional forex‑swap facility, could draw $40‑60 bn and $15‑25 bn of inflows respectively. HDFC says the mix may turn India’s balance‑of‑payments from a deficit to a modest surplus, taking pressure off the rupee.

The Delhi High Court dismissed ANI's request for a temporary ban on OpenAI, finding that copying news articles for AI training falls under fair dealing and poses no immediate infringement. The ruling keeps ChatGPT operational in India while the full copyright case proceeds, signaling a pro‑AI stance for the Indian judiciary.

The government lifted a restriction on foreign‑funded e‑commerce firms, allowing them to run inventory‑based export operations. Amazon and Flipkart can now aggregate products from tier‑3 and tier‑4 manufacturers and ship directly to overseas buyers, giving thousands of MSMEs a ready‑made channel to sell globally and broaden India's export base.

Owner‑drivers who move roughly 70 % of India’s domestic freight are on the brink of collapse. Soaring diesel, tolls, insurance and compliance costs erode margins while rates stay flat, and a shortage of 2 million drivers forces many to abandon the trade. Their exit would cripple the nation’s supply chain.