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Microsoft’s Majorana 2 quantum chip arrived this week with numbers that are genuinely difficult to contextualise: qubits 1,000 times more reliable than the first generation, a mean qubit lifetime of 20 seconds against an industry norm measured in microseconds, and a revised roadmap targeting a commercially scalable quantum computer by 2029. Behind those numbers is Microsoft Discovery agentic AI, and that platform is arguably the more consequential part of this announcement.To put that in plain terms: most quantum chips today can hold their fragile computational state for a fraction of a second before losing it. Majorana 2 holds it for up to…

New Delhi: India’s exports of refined petroleum products fell to about 930,000 barrels per day (bpd) in May, their lowest level since October 2022, as refinery maintenance, changing production priorities and stronger domestic demand curtailed overseas shipments. Exports declined to around 930,000 bpd, down to levels last seen when shipments averaged 926,000 bpd in October 2022, reflecting a combination of lower refinery throughput and a growing focus on supplying the domestic market, according to data analytics firm Kpler.”This sharp cutback was driven by a combination of lower refinery throughput, maintenance activity, and a structural pivot toward the domestic market,” said…

Kotak Alternate Asset Managers (Kotak Alts), the alternate assets arm of the Kotak Group, has raised $1 billion at the final close of its 14th real estate fund anchored by a commitment of more than $675 million from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and supported by a maiden investment in Indian alternatives from the National Pension Service of Republic of Korea (NPS Korea).ADIA’s commitment marks the sixth consecutive investment by an ADIA subsidiary in Kotak Alts’ real estate platforms. The relationship between the two institutions spans more than a decade and multiple fund vintages.Also read:…

Earnings are the principal driver behind the breathtaking rallies achieved by Korean and Taiwanese benchmark indices in 2026, and Goldman Sachs thinks the market is still underestimating the longevity of the chip cycle. Source link

The recent Supreme Court (SC) judgment on online gaming and betting is expected to have wider implications across gambling, horse racing, and casinos, experts feel. The court clarified that the GST valuation framework is not confined to any one segment but applies across betting and gambling activities.The ruling makes it clear that the tax framework cannot be read narrowly. “Rule 31A… applies broadly to all betting, gambling and horse racing… Limiting its applicability only to horse racing would render parts of the rule otiose,” a PwC India note on the SC ruling said.Nitin Vijaivergia, partner at Pricewaterhouse & Co LLP,…

Ukrainian drones hit energy and military sites in St Petersburg early on Wednesday hours before international guests gathered for the city’s flagship economic forum, in a blow to Vladimir Putin.Several long-range drones crashed into oil storage facilities after Russian air defences tried unsuccessfully to shoot them down. There were loud explosions and black smoke rose high above the city from the blazing oil terminal.The St Petersburg’s governor, Alexander Beglov, said the Kirovsky and Krasnoselsky districts were targeted. Ukraine also struck the Kronstadt naval base and shipyard in Leningrad oblast, the port home to Russia’s Baltic fleet. Vessels were reportedly damaged.The…

NEW DELHI: The rebellion within the Trinamool Congress (TMC) has deepened over the past week, with rebel MLAs backing expelled leader Ritabrata Banerjee for the post of leader of opposition and drawing comparisons with Maharashtra’s Shiv Sena split.But a closer look suggests the revolt may be less about challenging Mamata Banerjee’s leadership and more about questioning the growing authority of her nephew and political heir, Abhishek Banerjee.At first glance, the developments appear to be a direct challenge to the TMC leadership. A group of rebel legislators has questioned the legitimacy of the party’s decision-making process, accused the leadership of fabricating…

2 min readNew DelhiJun 3, 2026 01:16 PM IST The Centre on Tuesday appointed senior IAS officer Prashant Sitaram Lokhande as the new chairperson of the Central Board of Secondary Education (CBSE), replacing Rahul Singh, who has been transferred to the Department of Agriculture and Farmers Welfare as Additional Secretary. The appointments were approved by the Appointments Committee of the Cabinet amid ongoing scrutiny surrounding CBSE’s On-Screen Marking (OSM) system. A 2001-batch IAS officer of the AGMUT cadre, Lokhande brings a technical and management-focused academic background to one of the country’s largest school education boards. Before entering the civil services,…

A triple star system in which the stars all eclipse one another from our vantage point is standing out as one of the best studied stellar trios; as the stars age, they could even merge.The triple system, known as TIC 295741342, is 3,080 light-years from Earth and was found by NASA’s TESS (Transiting Exoplanet Survey Satellite) mission. It features a binary system composed of two stars almost identical to the sun, orbited by a larger third star of 1.7 solar masses.Triple star systems abound in the galaxy, but what makes TIC 295741342 more remarkable is that all three stars orbit…

MONTGOMERY, Ala.—For some incumbents, politics have turned sour in sweet home Alabama. In the May 26 primary election for two seats on the Public Service Commission, the state’s utility regulator, voters rejected one incumbent and sent another to a runoff.  The electoral shakeup comes as Alabamians are increasingly concerned about economic issues, including utility prices. Polling released earlier this year showed that 80 percent of Alabamians cite economic concerns as the top issue state leaders should address.  Now, Alabama politicians have gotten their first sense of voters’ attitudes this election cycle, and the message for incumbents charged with regulating utilities…