1, Jul 2026
Gartner Says Dollar 234 Billion in Enterprise Application Software Spend Is at Risk from Agentic AI
Stamford, Conn., July 01: Agentic AI is set to disrupt enterprise software revenue models, with up to $234 billion of enterprise application spending exposed to agentic arbitrage between now and 2030, according to Gartner, Inc, a business and technology insights company. By 2030, this will account for roughly 20% of enterprise application software-as-a-service (SaaS) spending.
Agentic arbitrage happens when AI agents complete tasks across multiple systems, reducing the need for users to interact with multiple traditional software interfaces.
“Agentic AI changes the economics of software,” said George Brocklehurst, Managing Vice President at Gartner. “Agentic systems deliver outcomes directly, bypassing traditional user experience (UX)-heavy applications and making the software invisible. This breaks the link between user growth and revenue growth for many enterprise software vendors.”
This shift is already underway and will refactor how software is built, priced and consumed. “It will also lead to a redefinition of ‘Saaspocalypse’, the disaggregation of the legacy SaaS market as we know it today,” said Brocklehurst. This is less an apocalypse and more of a metamorphosis. SaaS will not be destroyed; it will emerge in a different form. This metamorphosis represents threats and opportunities for both incumbents and new challengers.
Buyers Shift Focus from Features to Outcomes
Gartner analysts said expectations are changing. “Enterprise buyers will deemphasize buying more new tools or dashboards,” said Brocklehurst. “They want better outcomes and adding more AI features often creates more cost, not better outcomes. Better outcomes from AI require systems that can retain deep institutional memory and customer context over time.”
Some vendors are already offering agentic solutions that deliver autonomous end-to-end workflow execution, cross-system orchestration and capture customer context and knowledge, which help to foster business results and ROI. Today this typically requires heavy services engagement.
“As organizations increasingly use agentic AI systems, the user interface is no longer a differentiation,” said Brocklehurst. “Legacy SaaS market share will be cannibalized by incumbents and taken by new entrants delivering horizontal agentic platforms.”
Direct Risk for Incumbent Vendors and Revenue Opportunity for Service Providers
To remain competitive and achieve growth opportunities, incumbent software vendors must move from interface-based value to outcome-based value, embed agentic capabilities at the point of execution into their offerings to defend their position in the value chain, capture and retain customer-specific knowledge, not just data.
“While this shift is posing an existential threat for vendors who are defending legacy dashboards and seat-based models, it creates a substantial revenue opportunity for vendors who are enabling and developing services and platforms to support agentic enabled cross-domain workflows,” said Brocklehurst.
AI-native startups and service providers can act as the agentic layer across enterprise systems, deliver measurable outcomes instead of features and assist organizations redesign workflows around AI. “Ultimately, they can capture not just existing spend, but incremental budget unlocked through ROI upside,” said Brocklehurst.
Additional Insights Available
Gartner clients can learn more in the Gartner webinar: SaaSpocalypse – $234B of Enterprise Apps Spending Will be Exposed to Agentic Arbitrage.
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- By Neel Achary
1, Jul 2026
Adani Green Surpasses 20 GW Operational Capacity
Ahmedabad, July 1: Adani Green Energy has become the first renewable energy company in India to cross 20 GW of operational capacity, marking a major milestone in the country’s clean energy sector.
The achievement strengthens the company’s position as a leading player in India’s renewable energy transition, spanning large-scale solar and wind energy projects across multiple states.
The company’s expanded operational base reflects steady capacity additions over recent years, driven by rising demand for clean power and strong project execution in utility-scale renewable infrastructure.
Industry observers noted that crossing the 20 GW mark highlights the rapid scaling of India’s renewable energy ecosystem, as developers continue to invest in solar parks, wind farms, and hybrid energy projects.
With this milestone, Adani Green Energy further consolidates its role in supporting India’s long-term decarbonisation and energy transition goals.
1, Jul 2026
Kicky & Perky Unveils Luna Rae A Celestial Interpretation of Modern Femininity
Inspired by moonlit skies, celestial symbolism, and the quiet beauty of feminine expression, Kicky & Perky introduces Luna Rae — a collection that transforms cosmic inspiration into contemporary silver jewellery.
Designed around the idea of softness as strength, Luna Rae explores a more emotional and poetic form of adornment through celestial motifs, luminous stones, and refined silhouettes. The collection reflects a modern femininity that feels expressive, elegant, and quietly powerful.
Crafted in certified 925 sterling silver with real rhodium plating, Luna Rae features celestial-inspired rings, earrings, necklaces, bracelets, and layering pieces designed for effortless everyday styling. Delicate moon phases, stars, textured silver surfaces, and sculptural details create a design language inspired by the beauty of the night sky.
The collection is accented with responsibly sourced moissanite and moonstone elements, bringing brilliance and luminosity to each piece while maintaining a soft and wearable aesthetic. Designed to transition seamlessly from day to evening, Luna Rae balances minimal elegance with emotional storytelling.
Rather than focusing on statement jewellery in the traditional sense, Luna Rae embraces intimacy and symbolism — creating pieces that feel personal, expressive, and timeless. Every design is intended to evoke a feeling rather than simply complete an outfit.
“Luna Rae was imagined as wearable moonlight,” shares the brand. “We wanted the collection to feel delicate yet radiant — jewellery that carries emotion, softness, and individuality in a deeply modern way.”
The collection speaks to women who romanticize life, value understated elegance, and connect with jewellery on a more emotional level. Through celestial motifs and refined craftsmanship, Luna Rae creates a world where femininity feels luminous, intuitive, and quietly confident.
With Luna Rae, Kicky & Perky continues to build a design-led identity in contemporary silver jewellery through collections rooted in symbolism, craftsmanship, and storytelling.
The Luna Rae collection is now available at Kicky & Perky
1, Jul 2026
Bus Fire After Collision on Jaipur–Bandikui Expressway in Dausa
July 1: A passenger bus caught fire following a collision on the Jaipur–Bandikui Expressway in Dausa district, Rajasthan, on Tuesday, leaving several people feared dead.
According to initial reports, at least 25 passengers managed to escape from the burning bus, while others are feared trapped inside.
Fire services and police teams rushed to the spot and are currently carrying out rescue operations. The exact number of casualties is yet to be confirmed.
Authorities have launched an investigation into the incident. Further details are awaited as rescue efforts continue.
1, Jul 2026
Govt Revises Windfall Tax on Petroleum Products
New Delhi, July 1: The Government has revised the windfall tax structure on petroleum products, increasing the levy on petrol exports while reducing duties on diesel and aviation turbine fuel (ATF).
The updated rates are aimed at balancing domestic fuel supply priorities while responding to evolving global energy market conditions.
Officials said the revision reflects the need to ensure adequate availability of key fuels within the domestic market while maintaining a stable export framework for the energy sector.
The change in tax structure is expected to impact export margins for refiners, particularly in petrol shipments, while offering some relief to diesel and aviation fuel operations.
Industry stakeholders are closely monitoring the revision as it may influence refining economics and export strategies in the near term.
The government is expected to continue reviewing the windfall tax mechanism periodically in line with global crude price movements and domestic fuel demand conditions.
1, Jul 2026
UPI Transactions Jump 23 pc in June, Hit 22.72 Billion
New Delhi, July 1: Unified Payments Interface (UPI) continued its strong growth trajectory in June, recording a 23% year-on-year increase in transaction volume, which rose to 22.72 billion transactions, according to the latest data.
The surge reflects the continued expansion of digital payments across India, driven by increasing adoption among consumers, merchants, and small businesses. UPI has further strengthened its position as the country’s most widely used real-time payment system.
The growth in transactions highlights the deepening penetration of digital payment infrastructure, particularly in urban as well as semi-urban and rural markets. Higher usage across retail payments, peer-to-peer transfers, and merchant transactions contributed to the overall rise.
Market observers noted that the consistent increase in UPI usage underscores India’s ongoing shift toward a cash-light economy, supported by fintech innovation and improved digital access.
Officials and industry stakeholders expect transaction volumes to maintain upward momentum in the coming months as more services and use-cases continue to integrate with the UPI ecosystem.
1, Jul 2026
Indian Markets Open Higher as Strong Global Cues Lift Investor Sentiment
Mumbai , July 1: Indian equity markets opened on a positive note on Tuesday, supported by firm global cues and improved investor sentiment across major sectors.
Benchmark indices started the session in the green, with early gains driven by buying interest in banking, IT, and energy stocks. Broader markets also reflected a stable opening trend as investors tracked positive signals from overseas markets.
Market participants said optimism in global equities, along with easing concerns in key international markets, contributed to the upbeat start. Sentiment was further supported by selective stock-specific buying in heavyweight counters.
Analysts noted that investors are closely watching global economic indicators, crude oil price movements, and upcoming domestic macroeconomic data for further direction in the markets.
Trading activity is expected to remain influenced by global trends and institutional flows throughout the session.
1, Jul 2026
Kpil Awarded New Orders Of INR 2,957 Crores
July 01: Kalpataru Projects International Limited (KPIL), one of the leading engineering and construction players in the power and infrastructure sector, along with its international subsidiaries have secured new orders / notification of awards of approx. ₹ 2,957 Crores.
The details of the aforesaid new orders are as follows:
- Orders in the Power Transmission & Distribution (T&D) business in India and overseas market
- Orders in the Buildings and Factories (B&F) business in India
- Order in the Water business in Middle East (secured in joint venture /consortium)
Manish Mohnot, MD & CEO, KPIL, said, “We are pleased to announce new order wins across our T&D, B&F, and Water business verticals. The new orders secured in our T&D business reinforce our market leadership in India and the select global markets. Simultaneously, the successive wins in our B&F business from marquee clients underscore our commitment to best-in-class capabilities and timely execution. Notably, the order win in our Water business marks a significant milestone, signaling our strategic entry into the Middle East, a region with immense growth potential. Driven by a strongly diversified order book and robust visibility across businesses, we remain confident in achieving our growth targets for FY26–27.”
1, Jul 2026
Puri Srimandir Enters Quiet Phase as Holy Trinity Begins Anasara
Following the grand Snana Purnima ritual at the Shree Jagannath Temple in Puri, Lord Jagannath along with Lord Balabhadra and Devi Subhadra has entered the traditional Anasara period, a 15-day ceremonial seclusion believed to be the deities’ recovery phase after the sacred bath.
During this period, the deities are kept inside the Anasara Ghara, a restricted chamber within the temple, and are not available for public darshan. Devotees instead offer prayers to Anasara Pata, painted representations of the Holy Trinity.
Sacred Seclusion and Healing Rituals
According to tradition, the deities are considered to be in a state of “divine fever” following the Snana Purnima ritual. During Anasara, exclusive servitors including the Daitapatis perform age-old healing rituals using herbal preparations and sacred offerings.
The sanctum remains in a solemn state, with minimal lighting and restricted ceremonial activities. The idols are adorned only with white cloth and flowers, symbolizing purity and rest.
Pati Dian Darshan During Anasara
Although direct darshan of the deities is restricted, devotees can participate in Pati Dain Darshan, where they worship painted depictions of Lord Jagannath and His siblings. This practice allows devotees to maintain spiritual connection during the seclusion period.
Special arrangements are made in and around the temple premises for devotees to offer prayers and receive blessings through these sacred representations.
Alarnath Puja at Brahmagiri
During the Anasara period, devotees also traditionally visit the Alarnath Temple in Brahmagiri, where Lord Jagannath is believed to appear in the form of Lord Alarnath (Ananta).
Thousands of devotees gather at the temple to seek blessings during this phase, as it is believed that Lord Jagannath grants darshan there while remaining in seclusion at Puri. The site becomes a major spiritual center during the 15-day period.
Ritual Healing and Restoration
As per temple tradition, several prescribed rituals and offerings are carried out during Anasara, including herbal treatments and sacred medicinal preparations administered by traditional servitors. These rituals are believed to restore the divine form of the deities.
The seclusion concludes with Nabajouban Darshan, when the deities are re-painted and restored for public viewing ahead of the grand Rath Yatra.
Spiritual Significance
The Anasara period is deeply symbolic in the Jagannath tradition, reflecting themes of rest, renewal, and divine cycles. It also strengthens associated pilgrimage practices such as Pati Dain Darshan and Alarnath Darshan, which together sustain continuous devotion during the temple’s brief closure to the public.
1, Jul 2026
University of Greater Manchester Academic Centre launches new campus in Ras Al Khaimah
Ras Al Khaimah, July 01: The University of Greater Manchester Academic Centre Ras Al Khaimah officially opened its new campus in Sheikh Khalifa City, marking another significant milestone for British higher education in the Northern Emirates. It is one of the first international universities established in Ras Al Khaimah to operate from its own dedicated campus.
The new launch marks the university’s long-standing partnership with Ras Al Khaimah Economic Zone (RAKEZ). The University of Greater Manchester, earlier known as the University of Bolton Academic Centre – Ras Al Khaimah was established in 2008. The institution has grown alongside the emirate’s evolving higher education landscape, reflecting a shared commitment to expanding access to internationally recognised British education while supporting Ras Al Khaimah’s vision of developing knowledge, talent, and innovation.
The campus opening ceremony brought together education leaders, government representatives, and partners from the UAE and the UK to celebrate not only the opening of the new campus, but also nearly two decades of collaboration in advancing internationally recognised British higher education in Ras Al Khaimah.
Present at the event were Dr. Sudhir Kartha, Chairman of the Knowledgucate Group; Andrew Clark, Deputy Consul General of the British Embassy in Dubai; and representatives from the RAK Department of Knowledge and RAKEZ. The university’s UK-based executive leadership, including Acting Vice-Chancellor Dr. Greg Walker and Head of the Off-Campus Division Yusuf Giga joined the celebrations virtually.
Dr. Sudhir remarked, “Today marks a proud and historic milestone in our journey to expand access to world-class higher education in the Northern Emirates. This new campus reflects our commitment to creating a learning environment that brings internationally recognised qualifications closer to students in the UAE and the wider region. We are deeply grateful to His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, to the Department of Knowledge, RAKEZ, our partners at the University of Greater Manchester, and everyone who has supported this vision. This inauguration is not just the opening of a campus — it is the beginning of new opportunities, stronger partnerships, and a brighter future for our students.” He also announced the development of phase II by next academic year, 2027 that will expand the opportunities for the academic community.
RAKEZ Group CEO Ramy Jallad commented, “We are proud to have been part of University of Greater Manchester’s journey since its establishment. Over the past 18 years, we have seen the institution grow from one of the emirate’s pioneering international higher education providers into a well-established academic centre that continues to expand its contribution to Ras Al Khaimah.”
He added, “This new campus represents far more than a physical expansion. It reflects the confidence that long-standing partners have in Ras Al Khaimah as a place to invest, innovate and grow. At RAKEZ, we remain committed to supporting institutions that strengthen the emirate’s education ecosystem, nurture future talent and enhance Ras Al Khaimah’s appeal as a destination to live, learn and build successful careers.”
The new campus features purpose-built academic facilities designed to support interactive lectures, practical workshops, research activities and personalised student engagement, creating a modern learning environment for students across a range of disciplines and levels of study. The new campus offers a broad portfolio of undergraduate and postgraduate programmes spanning business, accountancy, law, psychology, engineering, artificial intelligence, data analytics, cloud and network security and construction management. With the capacity to accommodate up to 1,750 students in its first phase, the campus combines modern learning facilities with industry-focused education, career guidance, internships, annual career fairs and strong employer engagement to help prepare graduates for successful careers in the UAE and beyond.
This expansion reinforces Ras Al Khaimah’s continued development as a destination for internationally recognised higher education, broadening opportunities for students to pursue British qualifications locally while supporting the emirate’s ambitions to develop a highly skilled workforce aligned with future economic grow.
