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<img border="0" hspace="10" align="left" src="https://timesofindia.indiatimes.com/photo/132673221.cms">China's commerce ministry accused American artificial intelligence firms of using Chinese models. This statement follows recent US threats of sanctions against Chinese technology companies. Beijing stated that many US AI companies distilled Chinese models during their development processes. The ministry defended distillation as a common industry practice while criticizing US actions. China vowed to take necessary measures to protect its own economic interests.

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<img border="0" hspace="10" align="left" src="https://timesofindia.indiatimes.com/photo/132673107.cms">The rupee strengthened significantly against the US dollar on Monday. RBI governor Sanjay Malhotra indicated the domestic currency was undervalued. Foreign currency inflows, particularly FCNR(B) deposits, also supported the rupee's rise. Global crude prices declined sharply, further aiding the currency's appreciation. Indian stock markets also saw a substantial jump, ending their losing streak.

<img border="0" hspace="10" align="left" src="https://timesofindia.indiatimes.com/photo/132673081.cms">The government has allowed the Reserve Bank of India to print two billion polymer notes. These new polymer notes will be printed for field trials and regular issuance. The minister stated that paper and polymer currency will coexist in circulation. RBI is currently sourcing materials for these polymer banknotes. This initiative aims to enhance the lifespan of currency in circulation.

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Microsoft is seeking permission to appeal to the UK Supreme Court after losing a £270 million case brought by software reseller ValueLicensing. The Competition Appeal Tribunal ruled in 2025 that reselling Microsoft's perpetual on-premise licences was not copyright infringement, and the Court of Appeal agreed on July 7. Judges said Microsoft's argument echoed the 2012 UsedSoft ruling that went against Oracle. A partial stay means disclosure applications still proceed, with a hearing expected in September.

Rishikanta Singh Chanambam secured a silver medal in the men's 60kg weightlifting competition. His family watched the event from Rajasthan while supporting his father's treatment. He dedicated his achievement to his parents and supportive elder brother. Rishikanta overcame financial struggles and a past knee injury to reach this point. This medal marks a significant achievement for Manipuri weightlifting.

Union minister Nitin Gadkari filed a civil suit seeking removal of deepfakes. These AI-generated videos falsely link him and his family to financial gains. The suit asserts the ethanol program falls under another ministry's jurisdiction. The Bombay High Court granted permission to file the defamation suit. Gadkari aims to stop the circulation of fabricated online content.

Kangana Ranaut dubbed Gen Z women as "so-called westernised Indian women", who are "not good at studies, but they are so ugly and corrupt that they cannot be homemakers either", yet they "proudly flaunt their freedom to use drugs, consume alcohol, or have endless body counts". Lashing out at the "behaviour of young Hindu women", the actress-turned-politician said those female protesters wanted to "imitate the lives of independent career women without earning that freedom".