Gold prices have dropped over ₹13,000 since PM's appeal

The Central Board of Indirect Taxes and Customs (CBIC) has announced a new procedure for taxpayers shifting their principal place of business. Under this, all ongoing tax proceedings will now be transferred to the new jurisdictional authority. The CBIC clarified that any action taken by the previous authority would remain valid even if the taxpayer moves to another tax jurisdiction.

India will need to add nearly 2,000 gigawatts (GW) of new power generation capacity in the next two decades to meet the rising energy demand and reduce dependence on imported fuels, said Sagar Adani, Executive Director of Adani Green Energy. He made this statement at the inaugural Adani Green Electrification Dialogue in London.

Apple is rumored to be gearing up for the launch of two new premium MacBooks later this year. The tech giant has not officially confirmed any new laptops, but Bloomberg's Mark Gurman reports that the company is working on a brand-new high-end MacBook and an updated version of the MacBook Pro. If true, these machines could hit the shelves in the coming months.

The Insurance Regulatory and Development Authority of India (IRDAI) is gearing up to unveil a discussion paper on insurance distribution reforms. The proposed changes will focus on policyholder protection, as per Swaminathan S. Iyer, Member (Life), ET Now reports. The reforms will cover key areas such as persistency, distributor incentives, customer choice, bancassurance partnerships, and the overall regulatory framework.

The Ladakh administration has imposed a ₹2 lakh fine on four tourists for illegal off-roading in ecologically sensitive areas, including Pangong Lake. The move is part of an enforcement drive against activities that threaten the region's fragile ecosystem. The penalties were imposed on June 26 under the Wildlife (Protection) Act after wildlife officials discovered violations during routine patrols and social media monitoring.

Since Prime Minister Narendra Modi's call for Indians to postpone gold purchases, gold prices have dropped by over ₹13,000 per 10gm. On May 10, when he appealed, 24-carat gold was priced at around ₹1,53,140 per 10gm. By June 28, the price had fallen to approximately ₹1,39,873 per 10gm. Silver too witnessed a similar decline during this period.

A shocking incident occurred in Karnataka's Tumakuru district when a car exploded on National Highway-48 near Jogihalli. The blast killed 30-year-old Nagendra, who was allegedly involved in the kidnapping of his ex-girlfriend. The woman and the cab driver, Praveen, were injured but survived the incident. They were rushed to Tumakuru District Hospital for treatment.

WhatsApp is testing a new feature called Side Chat, which allows users to have private conversations with Meta AI. The feature is currently available to a small number of users on Android and iOS devices. With Side Chat, you can open a separate panel where Meta AI understands the context of your conversation while keeping everything secure through Private Processing. This makes it easier for users to ask for private help exactly when they need it.

A new cryptocurrency scam has emerged, preying on users who have forgotten their digital wallet access codes. The fraudsters set up fake websites offering software to recover the 24-word "seed phrase" required for accessing crypto assets. However, these programs are actually designed by criminals to harvest personal information and passwords from unsuspecting users.

The Trump administration is close to allowing Anthropic to restore access to its advanced artificial intelligence (AI) model, Fable 5, according to Axios. The move comes after a 15-day suspension over national security concerns. The restrictions on Fable 5 could be lifted as early as next week, officials familiar with the discussions have revealed.