A new report by FICCI, BCG, and IBA outlines that India's banking sector must grow significantly faster than nominal GDP to support a USD 30 trillion economy by 2047, requiring banking assets of USD 45 trillion. The report highlights the sector's current strength, challenges in digitisation, and the need to enhance resilience against fraud and cyber threats, proposing a 13-point agenda for stakeholders.
The Central Industrial Security Force (CISF) has signed an MoU with the Drone Federation of India (DFI) to enhance its counter-drone capabilities. This partnership aims to strengthen security at vital installations like airports, nuclear facilities, and oil refineries by fostering engagement with Indian drone startups and technology companies for capacity building, research, and operational readiness against aerial threats.
Three athletes from Narmadapuram district in Madhya Pradesh, Vivek Sagar Prasad (hockey), Aadhya Tiwari (soft tennis), and Harshita Tomar (sailing), have been selected to represent India at the 2026 Asian Games in Japan. This selection highlights the district's growing sporting prowess, with experienced and emerging talents ready to compete on the continental stage.
Union Minister Ashwini Vaishnaw indicates India may require a new legal framework for Artificial Intelligence, as the current IT law predates AI's rapid emergence. The government aims to balance innovation with regulation, engaging with the industry to ensure citizen safety while fostering technological growth.
Broadband technology firm GX Group is set to commence manufacturing operations at its advanced photonics facility in India from December, investing Rs 500 crore. This initiative aims to strengthen domestic manufacturing, create skilled jobs, and reduce dependence on imported optical components crucial for high-speed data networks and AI data centres.
Indian rally champions Dean Mascarenhas and co-driver Gagan Karumbaiah are set to compete in their second WRC3 event of the season, Rally del Paraguay. This marks their first gravel rally in the championship, following previous appearances in the Canary Islands and Rome, as they continue to gain international experience.
Unseeded players caused significant upsets at the Indian Junior International badminton Grand Prix, with Vijaya Lakshmi Boddu defeating top seed Lakshya Rajesh. In the boys' pre-quarterfinals, three unseeded players also advanced by overcoming higher-ranked opponents, highlighting a competitive tournament.
The second day of the Pune Mayors Trophy India Junior International Grand Prix badminton tournament witnessed five significant upsets across both boys' and girls' singles events, with several unseeded players defeating higher-ranked opponents.
India's Arjun Reddy Aluguvelli caused an upset by defeating eighth seed Adithya Kiran from the UAE at the Indian Junior International Grand Prix badminton tournament. Other Indian players, Jagsher Singh Khangurra and Vaibhav Singh, also secured hard-fought victories.
A delegation of Indian startup founders and leaders visited the UK to explore collaborations in artificial intelligence and technology, aiming to strengthen the India-UK innovation corridor.
Humanoid machines boxed, danced and tackled everyday tasks at the 2026 World Robot Conference in Beijing.
Oracle has partnered with the Uttar Pradesh State Skill Development Mission (UPSDM) to provide free digital skills training in AI, cloud, cybersecurity, and data science to 300,000 students and professionals by 2029, aiming to enhance employability and build a future-ready workforce.
A technology institute in Indore has developed an 'AI Yoga Coach' that can distinguish between correct and incorrect yoga postures and provide real-time guidance to practitioners.
Perplexity CEO Aravind Srinivas unveiled the company's vision for AI operating systems at COMPUTEX 2026, highlighting Perplexity Computer's ability to coordinate multiple AI models and balance performance with privacy and cost. He emphasised the growing trend of hybrid AI, combining local device processing with data centre capabilities, and acknowledged Intel's partnership.
The government's e-marketplace platform, GeM, is significantly enhancing public procurement through the integration of AI, advanced analytics, and digital monitoring systems. This strategic adoption has led to substantial savings for the exchequer and improved transparency, while also playing a crucial role in health sector procurement.
The Wrestling Federation of India (WFI) has decided to send separate teams to the U23 Senior World Wrestling Championship and the Senior World Wrestling Championship due to the short interval between the two events, aiming to ensure optimal preparation and performance for Indian wrestlers.
The India U17 women's football team will play two friendly matches against the Philippines in Goa in late September as part of their preparations for the AFC U17 Women's Asian Cup 2027 Qualifiers. These matches will serve as the final warm-up before their qualification campaign in Malaysia in October, where they aim for a second consecutive appearance in the Asian Cup.
Mumbai-born Indian youth international Yohaan Benjamin has signed a two-year deal with Portuguese club Guarda FC, marking a significant step in his European football career. This move aligns with Guarda FC's strategy to develop talent from emerging football markets like India. Benjamin, a midfielder, previously played for Shillong Lajong, where he achieved success in the Shillong Premier League.
The India Under-20 men's football team secured a 1-0 victory over Yemen in their second friendly match in Bengaluru. Gunleiba Wangkheirakpam scored the decisive goal. This win comes as the Blue Colts prepare for the upcoming AFC U20 Asian Cup China 2027 Qualifiers in Uzbekistan, scheduled from August 31 to September 6.
Delhi Police have arrested Sourav, a 30-year-old man, for allegedly using AI-generated morphed images to blackmail young women and extort money. He would pose as a job provider, obtain resumes, and then manipulate screenshots from video calls to create obscene images for extortion. The arrest followed a complaint from a 19-year-old victim who was repeatedly blackmailed.
A senior Microsoft executive says India is uniquely positioned to lead the next phase of global AI deployment, driven by a massive developer base, rapid enterprise adoption, and robust digital public infrastructure.
The Indian men's hockey team lost 1-3 to Olympic champions the Netherlands in a critical second-round match of the FIH World Cup in Amstelveen. The Netherlands scored three field goals in the second half, while India's sole goal came from a Harmanpreet Singh penalty corner.
The Consumer Affairs Ministry is developing machine-readable SMART standards using AI to reduce industry compliance burden. This initiative aims to modernise India's standards ecosystem, with the Bureau of Indian Standards transitioning from a regulator to a facilitator, promoting private sector testing and faster processes.
Chief Justice of India Surya Kant stated that the Supreme Court views technology as an aid to human reasoning, not a replacement, and emphasised developing "Swadeshi Jurisprudence" tailored to India's unique conditions. He highlighted efforts to create an indigenous AI ecosystem for the judiciary and stressed that AI cannot substitute human judgment, empathy, or ethical discernment.
JAKSON Group has appointed Ivan Saha as the Managing Director of its integrated Solar Manufacturing business. Saha, with over 31 years of experience in the semiconductor, solar, and sustainable energy sectors, will oversee technology, operations, and business growth, supporting JAKSON's expansion and backward integration plans in the solar value chain.
Home Minister Amit Shah chaired a high-level meeting in Ahmedabad to review India's preparations for hosting the 2030 Commonwealth Games and its bid for the 2036 Olympic Games. The meeting, also attended by Union Sports Minister Mansukh Mandaviya and Gujarat's Deputy CM Harsh Sanghavi, highlighted the government's commitment to establishing India as a global sporting destination. Discussions also covered the 2029 World Police and Fire Games, set to be held in Ahmedabad.
Indian IT stocks have seen a significant decline of up to 33 per cent year-to-date in 2026, largely due to artificial intelligence (AI) disrupting traditional outsourcing models, leading analysts to predict a challenging FY27 for the sector despite some cushion from rupee depreciation.
The Supreme Court is set to hear a petition seeking mandatory and uniform labelling of ethanol percentage at petrol pumps and a public database on vehicle compatibility with ethanol-blended fuel. The plea also calls for an expert committee to assess the impact of E20 fuel on vehicles, environment, and food security, and a consumer disclosure protocol.
Indian rally driver Naveen Puligilla and co-driver Musa Sherif are participating in the WRC3 category of Rally del Paraguay, the 11th round of the FIA World Rally Championship. The duo, fresh off a win in Rwanda and a historic WRC podium in Saudi Arabia, will navigate 22 red-gravel special stages, with Puligilla emphasising the need for precision due to the rally's challenging conditions.
The Indian IT Ministry has engaged in 'hard talk' with Meta regarding child sexual abuse material (CSAM), leading to increased sensitivity and action from the tech giant. The government asserts that Indian laws must be followed and social media harms mitigated, with no safe harbour for violations. Discussions also covered AI labelling and the WhatsApp username issue, highlighting a global concern over social media harms.
The ACSEL Technology Forum, a Karnataka government Centre of Excellence in AI, has launched Tathyakosh.in, a digital public good designed to make India's extensive public data more accessible. This platform consolidates over 1.5 million datasets from 458 sources, addressing the challenge of fragmented data discovery across various government and research portals. It aims to benefit researchers, startups, and technology teams in sectors like healthcare, agriculture, and financial inclusion by providing a structured and discoverable data infrastructure.
Tata Consultancy Services has partnered with French artificial intelligence firm Mistral to provide frontier grade AI solution, Mistral Forge, for enterprises across the world.
Arunachal Pradesh Chief Minister Pema Khandu highlighted that the success of UPI, which handles nearly half of the world's real-time digital transactions, stems from a collaborative ecosystem including financial inclusion, digital identity, and affordable internet. He attributed this digital payments revolution to the vision of PM Narendra Modi.
'...as we believe with the adoption of AI, our IT services companies' revenue models will have to undergo a reset, which may in turn impact their potential for earnings growth.'
Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade after two days of losses, driven by strong buying in blue-chip IT stocks and a rally in global markets.
Food delivery and e-commerce platform magicpin aims to expand its AI assistant, Vera's, merchant base to over 1 million by the end of 2026. Launched three months ago, Vera already supports over 5 lakh merchants by providing real-time order insights and has facilitated over 50 lakh interactions across various business verticals. The company has invested USD 1 million in its AI stack and plans further enhancements to Vera's capabilities.
The ICC Player Protection Programme, in partnership with AI moderator Freedom2hear, is actively shielding women cricketers from social media abuse. Over 100 players, including India's Radha Yadav and England's Amy Jones, have joined the initiative, which has already removed nearly 60,000 harmful comments during the ongoing T20 World Cup, ensuring player well-being and confident fan engagement.
The Indian women's junior hockey team, led by Khaidem Shileima Chanu and coached by Tim White, is set to compete in the AHF Women's Junior Asia Cup in Moqi, China, from September 4 to 13. The team has undergone extensive preparations, including an exposure tour to the UK and matches against an India A side, and is confident of a strong performance against top Asian rivals.
The KSLTA World Tennis Junior J30 Bengaluru is set to begin with qualifying rounds, offering promising young Indian tennis players a chance to compete for main draw berths. The event, hosted by the Karnataka State Lawn Tennis Association, will feature both boys' and girls' qualifying draws, with wildcards providing local talent an opportunity to gain international experience and ITF Junior ranking points.
Indian badminton pair Treesa Jolly and Gayatri Gopichand secured a historic bronze medal at the World Championships after a hard-fought loss to world No. 1 Chinese duo Liu Sheng Shu and Tan Ning in the women's doubles semifinals. This marks India's first women's doubles medal at the BWF World Championships since 2011.
