Elon Musk faced intense questioning for a third day in his OpenAI lawsuit, defending his for-profit AI ventures. He argued that while for-profit is acceptable, OpenAI's alleged shift from its charitable roots was akin to "stealing a charity." Musk became visibly irritated when pressed on the similarities between his companies and OpenAI, asserting his own firms benefit humanity.

Jane Street Group has achieved remarkable financial success, distributing $9.38 billion in compensation last year, a significant surge that dwarfs rivals like Goldman Sachs. The market maker's trading revenue reached $39.6 billion, fueled by its substantial capital base and strategic investments, including a notable stake in AI startup Anthropic.

India's power consumption surged over 4% year-on-year in April, reaching 154 billion units. Despite a record-breaking peak demand of 256.1 GW on April 25, early month rains tempered overall usage. Soaring temperatures later in the month drove electricity demand higher, with four days exceeding 250 GW, highlighting a significant increase in consumption.

A research firm urged the RBI to reject Tata Sons' bid to surrender its financial license, calling it a tactic to avoid mandatory listing. The firm argued the application is invalid due to past RBI directives and an expired listing deadline. Without a listing, Tata Sons would escape SEBI's oversight, leaving crucial group transactions and capital allocation opaque to investors.

Despite potential West Asia conflict-induced fiscal strain, the government is committed to prioritizing capital expenditure. Expenditure Secretary Vumlunmang Vualnam affirmed that the entire public spending allocation will be utilized, with a strong focus on highways, railways, shipping, ports, and urban development. This year's budgeted capital expenditure stands at Rs 12.2 lakh crore.