A foreign brokerage predicts that private investments in Indian AI startups are rapidly growing, with potential listings adding up to USD 100 billion to India's market capitalisation over the next two to five years. Goldman Sachs reported a tripling of PE investment in Indian AI startups in 2025 and highlighted India's rising global rank in AI funding and new AI companies.
Adani Enterprises and US-based Jabil have signed a non-binding agreement to establish a 50:50 joint venture in India. This JV will manufacture artificial intelligence and data centre equipment, including AI racks, servers, storage, networking gear, and cooling systems, targeting both Indian and global markets. The collaboration aims to capitalise on India's accelerating data centre demand and the surging global investment in AI compute infrastructure.
Northern Railway has announced that all train services will operate as per their normal schedule on October 11, following cancellations and rescheduling of several trains on October 9-10 after the Cockroach Janata Party (CJP) announced a protest against CEC Gyanesh Kumar in Delhi.
Zoho founder Sridhar Vembu has criticised the concept of Universal Basic Income (UBI), calling it an 'unimaginative and dystopian' vision. He argues that while AI threatens intellectual jobs, humans have endless tasks related to nature, nurture, culture, and spirituality that can provide purpose and sustenance, rejecting the idea of dependency on handouts.
Mukesh Ambani fought back tears as his three children, Akash, Isha, and Anant Ambani, took the stage at the stock market listing of Jio Platforms Ltd, marking an emotional moment that signals the next generation's readiness to lead one of India's largest corporate empires.
'... but runs with the rigour and discipline of a large enterprise.'
Infosys co-founder Nandan Nilekani has dismissed fears that artificial intelligence will lead to job losses in India's IT services sector, calling such concerns "hogwash" and "disaster marketing." Speaking at the Bloomberg New Economy Forum 2026, Nilekani argued that AI will actually increase demand for IT firms as it necessitates complex business transformations and creates new types of jobs, particularly in small businesses.
A Delhi-based content creator, Amir Shokeen, has been arrested for allegedly racially abusing and humiliating a youth from Tripura in a viral video. Delhi Police took suo motu cognisance of the incident, which has drawn widespread condemnation from political leaders including Union Minister Kiren Rijiju and Tripura CM Manik Saha. The Tripura Students Forum Delhi also filed a complaint seeking urgent investigation into the alleged sexual assault and derogatory remarks.
Three individuals, including a minor, suspected of involvement in the firing incident at actor Tiger Shroff's car, were detained in Kota, Rajasthan, while attempting to flee to Nepal. The suspects, identified as Ritik and Rehan, were caught on a train from Mumbai after Mumbai Police shared intelligence with Rajasthan counterparts. The Lawrence Bishnoi gang has claimed responsibility for the attack, though authenticity is unconfirmed.
Delhi Police have successfully dismantled an alleged interstate heroin manufacturing and supply network, arresting seven individuals and seizing over 8 kg of heroin valued at approximately Rs 60 crore. The operation spanned Delhi, Haryana, Uttar Pradesh, and Jharkhand, uncovering an illicit manufacturing unit in Lucknow and tracing raw opium supply to Jharkhand. The arrests include an alleged raw opium supplier involved in illegal poppy cultivation.
The Indian Navy is enhancing its operational capabilities across all domains, including air, underwater, AI, and quantum technology, to become a multi-domain network force. Vice Chief of Naval Staff, Vice Admiral Ajay Kochhar, highlighted lessons from recent conflicts, the exploration of directed-energy weapon systems, and significant procurement plans, including 42 new platforms on order and RFPs issued for LPDs and next-generation frigates. The Navy's focus on indigenous innovation and technology absorption, guided by "scale, sophistication, speed, and spiral development," aims to meet evolving operational requirements and protect maritime interests, especially amidst ongoing global crises.
Jio Platforms Ltd's (JPL) public offer, valued at Rs 30,213 crore, was fully subscribed within 100 minutes of opening, making it the fastest-ever subscribed IPO in India, driven by strong institutional demand.
Despite recent foreign portfolio outflows, India's long-term investment prospects remain strong, but the return of capital hinges on global financial conditions, relative valuations, and the country's ability to attract sustained foreign investment, according to foreign bankers at the Business Standard BFSI Insight Summit.
'Pooja has been my friend, my partner and my biggest support system,' says Ashish. 'If there is one thing I have learned from our marriage, it is that you don't need to have all the answers. You just need to convince your wife that you do and wait until she figures out the rest.'
Delhi Police have arrested three individuals, including the alleged mastermind, for orchestrating a honey-trap and extortion scheme. The accused attempted to frame a man in a false rape case to extort Rs 50 lakh, a plot reportedly linked to a family property dispute.
Atomic Energy Commission chairman Ajit Kumar Mohanty stated that India is on the verge of a significant technological transformation, driven by advancements in AI, quantum technologies, and other fields. Speaking at BIT Mesra's convocation, he emphasised the need for strong indigenous capabilities, skilled professionals, and interdisciplinary collaboration to achieve a developed India. Other speakers, including BIT Mesra's Chancellor and Vice Chancellor, echoed the importance of continuous learning and contributing to national progress.
India's largest bank, SBI, is investigating the suspected exposure of 3,897 customer records containing personally identifiable information on the dark web. The bank received alerts on October 16 and has initiated cyber incident response protocols, engaging an independent cybersecurity agency. While a detailed assessment is underway, SBI states the incident has not materially impacted its core business operations. This comes as CERT-In also warned last week about autonomous AI agents accessing confidential data and reported a compromise of eMudhra's private keys.
The BJP has accused Shiv Sena (UBT) MP Sanjay Raut of creating a fake audio clip using AI, alleging a Rs 500 crore payout to Maratha quota leader Manoj Jarange. The BJP claims Raut orchestrated the conspiracy to push Rahul Gandhi's agenda and create rifts among ruling allies. Raut, however, claims a BJP MLC leaked the clip due to internal party competition. Maharashtra CM Fadnavis has ordered a forensic probe into the audio clip.
Sustained selling by foreign investors is weighing on domestic equities, with the benchmark Sensex and Nifty 50 down 15.60 per cent and 14.4 per cent, respectively, this year.
Pakistan and the Maldives have signed 20 Memorandums of Understanding (MoUs) covering defence, maritime security, artificial intelligence, trade, and other sectors during Maldivian President Mohamed Muizzu's three-day visit to Islamabad. The agreements aim to significantly boost bilateral cooperation and trade, with Pakistan also offering technical expertise and educational opportunities.
The murder of Shiv Sena (UBT) leader Pradeep Purnekar in Thane has been linked to an old political dispute concerning civic polls, according to Uttar Pradesh police statements cited in court. Two accused, Santosh Kanojia and Amit Singh, arrested from Prayagraj, had their police custody extended till October 22 as the investigation continues into the meticulously planned conspiracy.
The Directorate of Revenue Intelligence (DRI) seized 4.9 kg of cocaine, valued at Rs 24.5 crore, from an Indian passenger at Hyderabad's Rajiv Gandhi International Airport. The drugs were concealed within chocolate tubes in the passenger's cabin baggage. The passenger, arriving from Qatar, has been arrested under the NDPS Act, 1985, and further investigation is underway.
Nasscom President Rajesh Nambiar stated that artificial intelligence is not making India's Business Process Management (BPM) industry obsolete but is instead driving its significant reinvention. He highlighted that the sector has an opportunity to become the world's "intelligent operations and transformation hub" by leveraging AI, analytics, and cloud-based operations, moving beyond traditional call centres. Nambiar outlined three key priorities for the industry, including reimagining processes, building hybrid human-AI operating models, and redefining India's global BPM representation.
The lack of faster growth in salaried jobs may well account for the degrowth in the unemployed educated population who are actively seeking jobs.
India has secured a spot among the top 10 leading emerging-market performers in artificial intelligence (AI) readiness, with private investment in AI more than tripling to USD 4.1 billion in 2025, according to a new World Bank report.
Jio Platforms Ltd's Rs 30,213-crore initial public offering (IPO) has garnered bids worth Rs 3.73 lakh crore, achieving a subscription rate of 5.57 times the shares on offer, driven by robust institutional and anchor investor demand.
The Supreme Court clarified that it was not taking cognisance of media reports suggesting government authorities tendered unconditional apologies in contempt proceedings related to restrictions during an October 10 protest. Solicitor General Tushar Mehta explained that apologies are procedural, and authorities have defended their actions, citing reasons like maintaining public order and intelligence inputs. The court emphasised that media coverage was not relevant to its proceedings.
Mid and smallcap mutual fund schemes in India have quadrupled their assets under management (AUM) to 10 trillion in five years, driven by strong investor inflows and market gains, with experts anticipating continued growth despite mixed valuations.
Mumbai Police revealed actor Tiger Shroff was allegedly fired upon at the behest of Lawrence Bishnoi gang member Anil Pandit. The probe has expanded, leading to the arrest of five more individuals, including two women who allegedly smuggled weapons. Three key accused were brought to Mumbai and remanded to police custody as investigators seek to uncover the full conspiracy and recover weapons.
Mumbai Police have confirmed that none of the three accused in the Tiger Shroff shooting case are minors, with two assailants firing multiple rounds at the actor's car. The suspects, aged 18 and 22, were apprehended in Kota, Rajasthan, following an inter-state operation. The motive behind the attack remains unknown, and investigations are ongoing, with the Anti-Extortion Cell taking over the case.
The Indian Coast Guard, in a joint operation with the Gujarat ATS, seized 526 kilograms of methamphetamine and heroin valued at over Rs 3,000 crore from an Iranian boat in the Arabian Sea near Lakshadweep. Five Pakistani nationals operating the vessel were detained, and preliminary investigations reveal a transnational smuggling network aiming to deliver the consignment to Tamil Nadu and Punjab.
Cisco Chairman and CEO Chuck Robbins stated that attempts to slow down AI development are futile. He emphasised that the primary focus should be on enhancing security and defensive measures to match AI's rapid advancement. Robbins also discussed the need for guardrails in AI model releases, the importance of cyber hygiene, and the balancing act between innovation and regulation, particularly for countries like India. He believes AI will not be a net job disruptor but will move people up the value chain.
Kerala Home Minister Ramesh Chennithala announced plans to strengthen the state police's Cyberdome to combat cybersecurity threats and deploy indigenously developed robots for traffic management and disaster response. He emphasised the need for coordinated efforts to address growing cyber challenges and protect critical infrastructure, while also highlighting the role of the CoCoN conference in sharing knowledge.
Aditya Birla Group Chairman Kumar Mangalam Birla stated on Tuesday that investments in artificial intelligence should be driven by potential returns, not by a "fear of missing out." Speaking at the 2026 Bloomberg New Economy Forum, Birla indicated that his group would adopt AI more gradually than previously planned, moving away from an "AI arms race" mentality. He also discussed the varied applications of AI across different business sectors, the challenges of capital allocation, and the impact of geopolitical events on global companies.
WazirX founder Nischal Shetty stated, "We have outdone ourselves, but it is a journey we are still on, and there is a long way to go," reflecting on the cryptocurrency exchange's year-long journey since restarting operations after a cyberattack and restructuring.
Delhi Police are actively monitoring social media platforms to combat the spread of misinformation during protests in the capital, leading to the removal of approximately 300 posts. This action follows the arrest of a man for creating a fabricated AI video and includes requests to platform X for content removal.
The Directorate of Revenue Intelligence (DRI) has conducted multiple intelligence-led operations across India, seizing over 845 kg of various contraband substances including ganja/cannabis, charas, amphetamine, and cocaine. These operations led to the arrest of 15 individuals involved in illicit drug trafficking, disrupting several supply chains.
'The Indian market has struggled over the past two years.' 'It peaked in September 2024, and although it has moved up and down since then, investors have not really made money.'
A police constable, Ajit Kumar, was shot dead by liquor smugglers in Nalanda district of Bihar on Wednesday night during a chase. He was part of an Excise Department team attempting to intercept a liquor-laden truck. Kumar succumbed to his injuries in Patna, and a manhunt has been launched for the culprits.
Uttar Pradesh Chief Minister Yogi Adityanath announced the state's ambitious shift from mobile phone assembly to advanced microchip manufacturing, data centres, and artificial intelligence. He highlighted significant investments and growth in the digital economy, attributing the transformation to the "double-engine government's" alignment with national initiatives like 'Make in India' and 'Aatmanirbhar Bharat'. Adityanath also criticised previous administrations for hindering the state's potential.
