Claude’s win on Mars, of smoke and fire, and another AI lawsuit
The biggest AI developments, decoded. 4 February 2026.
Carney, Macklem Congratulate Warsh on Federal Reserve Nomination
Canadian Prime Minister Mark Carney and Bank of Canada Governor Tiff Macklem congratulated Kevin Warsh on his nomination to lead the Federal Reserve.
Binance Founder Zhao Fends Off Crypto Market Crash Accusations
Changpeng “CZ” Zhao, co-founder and former chief executive officer of Binance, said lingering accusations that the world’s largest digital asset platform bears responsibility for the crypto market crash last October are “far-fetched.”
P&G Hygiene Q3 FY26 profit rises 12% to ₹301 crore on operational efficiencies
Procter & Gamble Hygiene and Health Care delivered improved profitability in the December quarter, aided by lower expenses and better operational efficiency. The maker of Vicks and Whisper also rewarded shareholders with an interim dividend, including a one-time special payout for FY26.
India government sets deadline for financial bids for IDBI, says report
India sets February 5 deadline for financial bids in IDBI Bank divestment, with Fairfax Financial Holdings, Emirates NBD and Kotak Mahindra Bank approved as bidders for a 60.7% stake sale.
Relaxo Footwears Q3 FY26 profit falls 20% to ₹26.5 crore despite stable revenue
Relaxo Footwears posted steady topline performance in the December quarter, supported by strong traction in organised retail, e-commerce, and large-format stores. However, higher expenses weighed on profitability, prompting the company to emphasise a balanced focus on growth and margins going forward.
Ashoka Buildcon's net profit jumps over three-fold; revenue falls 23%
Ashoka Buildcon's Q3 profit jumped to ₹2,111.41 crore, despite a 23% revenue drop. Shares of Ashoka Buildcon Ltd ended higher on Friday, January 30, by 3.72% at ₹149.99 on the NSE.
US SEC advances civil fraud case against Gautam and Sagar Adani over alleged bribery scheme
The SEC’s long-stalled civil action against Gautam Adani has regained momentum after his US-based legal representatives agreed to accept the regulator’s court papers. If approved by the judge, the move will set the clock running for Adani and his nephew Sagar Adani to formally respond to allegations tied to Adani Green Energy.
LIC Housing Finance Q3 profit declines 3% amid stable revenue, improved asset quality
LIC Housing Finance reported a modest decline in Q3 FY26 profitability, with net profit falling sequentially and year-on-year, even as loan growth and disbursements remained steady. Revenue rose marginally on a yearly basis, supported by higher net interest income and improved margins, while asset quality continued to improve with lower Stage 3 exposure.
Air India AI171 crash probe: AAIB examining aircraft components, ‘nothing ruled out’ yet
Investigators probing the deadly June 2025 Air India Dreamliner crash are continuing a multi-layered assessment of technical systems, cockpit actions, organisational processes and environmental conditions. Sources say the AAIB is closely examining specific aircraft components while following an elimination-based framework, even as speculation over possible pilot-related factors draws scrutiny.
Zupee cuts about 200 jobs in second layoff after money-gaming ban
The latest reductions, announced on Friday, affect multiple teams and form part of what the company described as a limited organisational realignment to adapt to the evolving regulatory and market environment.