The Supreme Court has agreed to hear additional petitions challenging the Election Commission of India's decision to conduct a Special Intensive Revision of electoral rolls in Bihar. Concerns have been raised about the directive requiring voters to submit proof of citizenship, potentially disenfranchising marginalized communities. Petitioners argue the order imposes unfair documentation burdens and could disrupt free and fair elections.

Nvidia's market capitalization soared to $4 trillion on Wednesday, driven by robust demand for AI-related stocks. This milestone positions Nvidia as the world's most valuable publicly listed company. The chipmaker's shares climbed, fueled by its leadership in AI semiconductor design and optimism surrounding AI adoption. The Dow Jones, NASDAQ, and S&P 500 also saw gains, reflecting positive market sentiment.

IndiGo Ventures, the investment arm of IndiGo, has launched its initial fund with ₹450 crore, marking its first investment in Jeh Aerospace. This aerospace startup specializes in high-precision manufacturing for the aerospace and defense sectors. IndiGo's CEO, Pieter Elbers, emphasized the partnership's role in strengthening India's aviation ecosystem and promoting technological advancements.

Adani Enterprises' Rs 1,000 crore NCD issue was fully subscribed within three hours, driven by strong non-institutional demand from retail investors, HNIs, and corporates. The offering, featuring an annual interest of up to 9.3%, may close early due to the overwhelming response. Proceeds will primarily be used to repay existing debt, reaffirming investor confidence in the company's credit profile.

China's curbs on rare earth exports have shaken the global auto industry. Carmakers faced production halts. The restrictions also hurt Chinese magnet producers. Magnet exports saw a sharp decline. A deal between the US and China aims to restart trade. However, recovery is expected to be slow. Domestic magnet firms face challenges.

Cryogenic OGS saw a blockbuster IPO debut. The issue was oversubscribed by a huge margin. Retail investors showed immense interest. High-net-worth individuals and qualified institutional buyers also participated actively. The grey market premium suggested a strong listing. The company designs filtration and measurement systems. It raised funds from anchor investors before the IPO.

A new report by Nexgen Exhibitions projects India's drone industry could unlock $23 billion in manufacturing potential by 2030, fueled by demand from defense, agriculture, logistics, and infrastructure. Operation Sindoor has accelerated drone adoption, with agriculture expected to be the largest consumer by 2030. The Drone International Expo 2025 in Delhi will showcase global innovation in the sector.

Tesla shares plummeted following escalating tensions between Elon Musk and Donald Trump, compounded by declining vehicle deliveries. Musk's launch of the "America Party" further unsettled investors, already concerned about Trump's potential impact on Tesla's subsidies and Musk's divided attention. Tesla faces challenges in China, losing market share to domestic competitors like BYD and Xiaomi.

To boost the Unified Pension Scheme (UPS), the Finance Ministry has extended National Pension System (NPS) income tax benefits to it. This move addresses tax treatment concerns, potentially increasing UPS adoption among central government employees. The deadline to switch from NPS to UPS has been extended to September 30, 2025, allowing more time for assessment.

Nabard aims to complete the IT integration of amalgamated Regional Rural Banks by September 15, streamlining rural banking services. Post-merger, 28 RRBs operate across 26 states and 2 UTs, with Nabard building digital infrastructure to expand rural outreach. Efforts include digitizing agricultural value chains, deploying blockchain for crop traceability, and strengthening Business Correspondent networks to bridge the rural-urban income gap.