Apple has announced that its new Chief Operating Officer (COO) would be Sabih Khan, an executive of Indian descent who has worked for the computer firm for 30 years.

Jeff Williams, who is leaving the position this month and plans to retire later this year, will be replaced by Khan. The change in leadership occurs while Apple is dealing with problems like declining iPhone sales and tariffs.

Until his retirement, Jeff Williams, who has over 27 years of experience with Apple, will continue to head the company’s design team and health initiatives.

Tim Cook, the CEO, will then receive direct reports from Apple’s design staff. Cook called Williams an important contributor to Apple’s success and commended him for his outstanding efforts.

He gave Williams credit for creating one of the world’s greatest supply chains, introducing the Apple Watch, establishing the company’s health policy, and guiding the design team with zeal and dedication.

In 2019, Sabih Khan became the Senior Vice President of Operations at Apple. He has been crucial in supervising manufacturing and procurement as well as the company’s global supply chain.

Khan will answer to Tim Cook as the new COO and is anticipated to assume additional duties, such as managing AppleCare.

“Sabih is a brilliant strategist and a key architect of Apple’s supply chain,” Cook said, praising Khan. He has increased Apple’s production in the US, helped bring in cutting-edge manufacturing technologies, and given the business greater adaptability to deal with issues around the world.

Cook also acknowledged Khan’s work in advancing environmental sustainability, pointing out that it has helped Apple cut its carbon footprint by almost 60%.

The change coincides with Apple’s efforts to lessen the effects of US tariffs by moving some of its manufacture from China to India.

Sabih Khan received a master’s degree in mechanical engineering from Rensselaer Polytechnic Institute and a bachelor’s degree in economics and mechanical engineering from Tufts University.

According to an analysis of individual traders’ profits and losses in the Equity Derivatives Segment (EDS), the Securities and Exchange Board of India (SEBI) said Monday that, on average, nearly 91% of individual traders experienced net losses in the EDS in FY 2025 (a similar trend was noted in FY 2024).

Index options turnover is down 9% (in premium terms) and 29% (in notional terms) year over year, according to a comparison of the growth in trading in the Equity Derivatives Segment (EDS) with the Cash Market following recent measures.

The SEBI study stated that the volume of index options is up 14% (in premium terms) and 42% (in notional terms) compared to two years ago. It also stated that the turnover of individuals in EDS in premium terms is down 11% year over year and up 36% over the same period two years ago.

The regulator reports that the number of distinct individual investors dealing in EDS has increased by 24% from two years ago and decreased by 20% from the preceding year.

The report stated that, in comparison to other markets, “India continues to see relatively very high level of trading in EDS, particularly in index options.”

According to SEBI, patterns in index option turnover would be monitored going forward in order to protect investors and maintain market stability.

Better monitoring and disclosure of derivatives risks, fewer instances of arbitrary ban periods for derivatives on individual stocks, and improved oversight of the potential for concentration or manipulation risk in index options are some of the measures that SEBI has implemented to make sure that the rapid growth of the derivatives market is matched with appropriate risk monitoring metrics.

The regulator examined the trading behavior of both individual investors for the period of December 2024 to May 2025 in order to provide the factual impact of these actions.

The Ministry of Civil Aviation and other pertinent agencies have received the preliminary report from the Aircraft Accident Investigation Bureau (AAIB) regarding the Air India 171 crash. According to senior government sources, this report—which is predicated on preliminary evaluations and preliminary findings—should be released later this week.

On June 12, seconds after taking off from the Ahmedabad airport, Air India flight AI171, headed for London, slammed into a medical college hostel. The terrible catastrophe claimed the lives of up to 241 individuals on board the aircraft and 19 on the ground. Amazingly, one passenger had survived the fatal collision.

On June 13 and June 16, two sets of the Digital Flight Data Recorder (DFDR) and Cockpit Voice Recorder (CVR) were retrieved from the accident site. There are two sets of black boxes in this airplane model.

On June 12 itself, an AAIB multidisciplinary team started looking into the crash. The DG of the AAIB ordered the probe. In accordance with ICAO procedures, US NTSB and OEM teams also came to support the AAIB.

According to reports, the authorities investigated if the incident could have been caused by a dual-engine failure.

Technical specialists from the Indian Air Force, Hindustan Aeronautics Limited (HAL), and the US National Transportation Safety Board (NTSB), which represents the nation where the aircraft was designed and built, are part of the investigation, which is being headed by AAIB personnel.

The AAIB’s Director General is in charge of the investigation. An air traffic control officer and an aviation medical specialist are also part of the investigating team. At the AAIB Lab, the NTSB crew also collaborated closely with Indian authorities. The technical investigation was also attended by representatives from engine manufacturer GE and Boeing.

Black boxes from Indian aircraft crashes were formerly usually transported to facilities in the US, UK, France, Italy, Canada, and Russia for decryption. India did not have the infrastructure necessary to analyze black box data from significant domestic crashes.

However, India can now decode flight data recorders and cockpit voice recorders domestically thanks to the construction of a fully functional AAIB Lab in Delhi.

According to industry analysts, the UAE’s residency environment has undergone a dramatic change with the recent revision of the Golden Visa.

The UAE’s long-term strategy is strategically aligned with the new framework, which is more inclusive. By paying a set sum of AED 1,00,000 (about Rs 23.3 lakh), international nationals, including Indians, will be able to obtain lifetime residency under the nomination-based Golden Visa scheme.

For Indian real estate investors, this shift has two effects, according to Akash Puri, Director International at India Sotheby’s International Realty.

Indian investors who wanted to preserve their cash and gain immigration benefits were particularly interested in real estate investing because it was historically one of the few ways to obtain permanent status.

Now that the visa is available through more channels, there will probably be less of a rush to invest only for residency, especially for mid-market and entry-level businesses. Puri stated that this could calm speculative purchasing and promote more sensible investing practices.

Now, more importance will be given to fundamentals like location, developer credibility, and long-term value by investors who are still committed to the UAE real estate market, whether they are motivated by rental returns, lifestyle benefits, or diversification.

The new professional-centric criteria will not significantly impact ultra-HNWIs, who will still be drawn to luxury and trophy assets.

“Recalibrating from residency-led transactions to value-led strategies is a sign for Indian investors.” This development may eventually create a more resilient and stable real estate market that favors long-term, strategic involvement over speculative activity, Puri emphasized.

The program makes it easier for foreigners who want to live in the Middle Eastern country. Previously, a 10-year renewable residency visa required a 2 million AED (about Rs 4.7 crore) investment in UAE local real estate.

The new Golden Visa scheme has not yet been formally announced by the UAE government.

Over 5,000 applications will be able to apply for a golden visa in three months, with India and Bangladesh reportedly on the list for the project’s first phase.

Indian companies can unlock $9.82 trillion in gross value added (GVA) by 2035 as the global economy changes quickly. According to the PwC India report, the “Make” domain which encompasses, among other industries, manufacturing and industrial production will be one of the most important domains contributing to the GVA calculus.

Analysis says, the GVA of this area alone is expected to increase from $945 billion in 2023 to about $2.7 trillion by 2035. Businesses are quickly diversifying in this situation in order to take advantage of the changing environment.

Megatrends like climate change, demographic shifts, and technological disruptions are opening up new opportunities for value creation that cut across conventional industry boundaries, according to PwC India’s research “Navigating the value shift.”

However, companies need a new strategy to determine where and how to diversify in order to capture value in motion if they are to successfully traverse this transition. According to the paper, PwC has created a domain-based framework to help with strategic decision-making in this new era.

Domains are markets where companies meet basic industrial and human requirements by extending beyond conventional sector boundaries.

CEOs in India are already reacting to these changes. Forty percent of Indian CEOs reported that their companies had entered at least one new sector in the previous five years, with half of them generating up to 20 percent of their revenue from these new ventures, according to PwC’s 28th “Annual Global CEO Survey: India perspective,” said Sanjeev Krishan, Chairperson, PwC in India.

However, companies need to go beyond ad hoc diversification if they want to maintain momentum and realize full benefit. Beyond the sector-led strategy, he said, “a domain-led lens offers a powerful way to reimagine capabilities, collaborate across ecosystems, and build future-ready business and revenue models.”

Domain-based innovation may be essential to propelling India’s inclusive, sustainable, and technologically advanced growth, since the country’s economy is expected to exceed $30 trillion by 2047.

Think of another area, ‘how we build.’ Traditional industries like real estate, construction, and building management are being supplemented by innovation spaces as technology continues to change how we create and maintain physical environments more effectively, the survey stated.

These consist of smart city infrastructure, building technology and data solutions, and sustainable, intelligent structures. Collectively, they signify a change toward a more effective, perceptive, and cohesive approach to the “Build” domain.

However, the telecom industry serves as an example of a variety of cross-domain opportunities. According to the research, there are exciting development prospects in the value pools that are developing in these new growth fields.

India won their first Test match in Edgbaston, where they had never won a Test previously, defeating England by 336 runs. In addition to being Gill’s first Test captaincy, this victory in Birmingham was India’s largest away Test victory in terms of runs.

With a batting prowess, he struck 269 and 161 to record 430 runs, which was only 26 runs more than Graham Gooch’s 456, which he coincidentally hit against India in 1990.

India’s captain, Shubman Gill, broke a number of records with his batting display in the second Test of the Anderson-Tendulkar Trophy, surpassing legends like Virat Kohli and Sachin Tendulkar.

The highest individual Test score for an Indian batter in England was 269 in the first innings at Edgbaston. Additionally, he surpassed Kohli’s undefeated 254 against South Africa in Pune in 2019 to become the highest-scoring skipper of India in Test cricket.

After Allan Border, who hit 150* and 153 against Pakistan in Lahore in 1980, he became the second batsman to reach two 150+ scores in a Test.

Tendulkar’s 241 not out at the SCG in 2004 was the previous highest, but Gill’s 269 is now the greatest by an Indian batsman in Test matches outside of Asia. Additionally, this was only the second time an Indian captain had scored a double century in Test cricket away from home; the first being when Kohli did so against the West Indies in 2016.

He surpassed Kohli, who made 449 runs, with 585 runs, the highest total in the first two Test matches as captain. After Graeme Smith’s 621 in England in 2003, it is also the second-highest total in the opening two games of a series. Additionally, he became the player with the highest run total in a series in which he made his leadership debut.

He is only the fifth batter and the first Indian to be included in four-century stands during a Test match. The others are Joe Root (against Pakistan in 2016), Mark Taylor (against Pakistan in 1998), Graham Gooch (against India in 1990), and Hanif Mohammad (against the West Indies in 1958).

After Gavaskar and Kohli, the 25-year-old became the third Indian captain to reach the hundred-mark in both innings of a Test match. Kohli scored 115 and 141 against Australia in Adelaide in 2014, while Gavaskar scored 107 and 182 not out against the West Indies at Eden Gardens in 1978.

Shastri thinks the victory is a testament to the young Indian team’s character over the last five days and a match they will never forget.

“The boys’ ability to recover in this manner is a testament to their character. Although the loss at Leeds was difficult to accept, they had dominated the entire game in terms of bat, ball, and field. “Gill and India will remember this Test match,” Shastri stated on Sky Sports.

To build up the historic triumph, captain Shubman Gill put on an incredible display, scoring 430 runs in two innings—the most by an Indian in a Test match—before Akash Deep’s heroics.

Dinesh Karthik, a former India wicketkeeper batsman, also discussed Gill’s “princely manner.”

“India has a talent for naming cricket players, and Gill is referred to as the prince.” And he plays like a real royal. More significantly, he has mentally prepared for the role and is quite certain of what he wants to do. He has been the most reliable batsman and has been able to figure out what he wants to contribute. India has been the dominant team in Test cricket for nine of the 10 days, Karthik stated on Sky Sports.

The tariff letters that US President Donald Trump has signed on exports from 12 nations are scheduled to be distributed on Monday, July 7.

The US President told reporters on Air Force One that the identities of the nations who will get the letters will only be made public on Monday.

“I signed a few letters, which will likely be sent out around twelve on Monday. He informed reporters, “Different sums of money, different amounts of tariffs.”

“The letters are superior. Sending a letter is much simpler,” Trump continued.

Trump has proposed raising the reciprocal tariffs even further, maybe to 70% for certain nations, and implementing them on August 1.

In April, the US president announced a base tax of 10% on the majority of goods that enter the US, with higher tariffs for specific nations, such as China. Later, those higher duties were halted until July 9.

The United Kingdom and Vietnam are the two nations with which Washington has signed trade deals.

On the delicate subject of trade in dairy and agricultural products, which the US is promoting, India’s high-level official delegation, headed by top negotiator Rajesh Agrawal, has returned from Washington without concluding a deal with US authorities.

There is still some chance, nevertheless, that an interim bilateral trade agreement might be completed by the July 9 deadline at the highest political level in both nations.

From June 26 to July 2, the Indian team was in Washington to negotiate a temporary trade deal with the United States.

India would not rush into negotiating a free trade pact under pressure from any deadline, according to Commerce Minister Piyush Goyal.

Minister Goyal emphasized that India is prepared to enter into trade agreements in the benefit of the country, but that it “never negotiates trade deals with a deadline” while speaking on the fringes of an event in the nation’s capital.

A significant obstacle is the US’s desire for more market access for its dairy and agricultural products; in India, this is a sensitive topic since it affects small farmers’ livelihoods.

In addition to negotiating a temporary agreement before July 9 to obtain an exemption from President Trump’s 26% tariffs, India is also attempting to obtain substantial duty breaks for its labor-intensive exports, including textiles, leather goods, and footwear.

Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings, stated on Tuesday that the Goods and Services Tax (GST) has been one of the most important changes implemented in India in the last ten years.

He claims that in addition to increasing the number of taxpayers in the nation, GST has also made doing business much simpler than it was in the past.

“India has witnessed several important structural changes over the last ten years, and GST stands out among them,” Sharma stated.

The stats make the impact very evident. With an average monthly collection of Rs 1.84 lakh crore, GST receipts in the fiscal year 2024–2025 were Rs 22.08 lakh crore, which was more than 9% more than the previous year. In comparison, Rs 11.37 lakh crore was collected in GST in FY 2020–21, according to Sharma.

He added that the government’s sporadic reforms had led to a notable increase in the number of GST-registered taxpayers.

There were around 60 lakh taxpayers when the GST was originally implemented. That figure has increased to 1.51 crore today, Sharma said IANS.

Sharma acknowledged that there were difficulties during the first phase of the GST’s introduction, but pointed out that many of the problems were resolved by prompt government actions.

“The adoption of GST has grown steadily over time, which is very good for the Indian economy,” he continued.

Sharma concurred with the results of a recent Deloitte survey that indicated 85% of companies thought the GST had improved their operations.

Businesses used to have to cope with a variety of tax rates and compliance requirements. Because of the centralization of the tax system under the ‘One Nation, One Tax‘ premise brought about by the GST, conducting business in India is now considerably simpler, Sharma said.

He added that although there has been significant progress in the last seven to eight years in the implementation of the GST, more can be done.

“We need to concentrate on streamlining the tax process, addressing taxpayer complaints, and guaranteeing quicker refunds in order to proceed more successfully,” he said.