'India is a large source of Spotify's future audience growth because it is the largest market in the world.'
Global companies like LG Electronics, Smartworks, Microsoft, and HCL Technologies lauded Uttar Pradesh's investor-friendly policies, infrastructure, and talent at the GCC Innovation Summit 2026. They shared positive experiences, highlighting the state's swift decision-making and commitment to fostering a conducive environment for Global Capability Centres, leading to significant investments and job creation.
Jio Platforms' initial public offering has shattered global records by receiving over one crore applications, underscoring immense investor confidence in the company's ambitious plans for technology, AI, and cloud services, with the IPO subscribed almost seven times overall.
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.
Himanshu 'Bhau', a notorious gangster from Haryana with 64 criminal cases, has been detained by US authorities for misrepresentation of facts. The kingpin of a global syndicate involved in murder and extortion, he operated from abroad after fleeing India in 2022. Haryana Police are coordinating with CBI for his deportation.
The University of Melbourne and the Indian Institute of Science Education and Research (IISER) Tirupati have launched a new 2+2 Bachelor of Science Integrated (Honours) dual degree. This programme offers Indian students a globally connected, research-intensive science education, allowing them to study two years at IISER-Tirupati and two years in Melbourne, graduating with two honours degrees.
Jio Platforms (JPL) is preparing a capex-light strategy to commercially launch 6G services in the early 2030s through software upgrades, rather than fresh infrastructure investments, according to Akash Ambani, managing director of JPL.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, influenced by the Reserve Bank of India's (RBI) recent repo rate hike and its signal for continued monetary tightening, coupled with rising crude oil prices and foreign fund outflows. Track Sensex, Nifty on October 8.
India is sending a 17-member contingent, led by table tennis player Syndrela Das and swimmer Dhinidhi Desinghu, to the Dakar 2026 Summer Youth Olympic Games in Senegal. The team will compete in 11 sports, with athletes like Sarthak Arya viewing the event as a crucial stepping stone for future Olympic aspirations. IOA president P T Usha highlighted the Games' importance for developing future Indian champions.
Indian IT stocks have experienced their most significant weekly surge in 18 years, with the Nifty IT index climbing 11.72 per cent, as a global sell-off in AI-linked equities redirected investor attention towards India's IT services sector. This shift aligns with a JP Morgan report identifying India as a 'natural AI hedge' due to its large, liquid market and strong domestic institutional investor base.
Mizoram's Chinmay Sutar achieved a rare feat by scoring an unbeaten 400 runs in a first-class Ranji Trophy match against Nagaland, becoming only the second Indian batter to reach this milestone after Bhausahab Babasaheb Nimbalkar in 1948.
The Reserve Bank of India's recent measures, including a dedicated dollar window for state-run oil marketing companies and tightened foreign exchange derivative rules, are expected to provide near-term relief to the rupee's depreciation, but market participants believe global factors and balance of payment dynamics will continue to exert pressure in the medium term.
'In the past, when the Indian markets have been flat for two years, the next year's returns have ranged between 5 per cent and 55 per cent.'
Beijing published the world's first global framework for vocational standards. If India does not act swiftly, it will be compelled to certify its workers by someone else's rulebook, cautions Abhay Jere, ex-Vice Chairman, AICTE.
AM Green Ammonia has won the Asian lot in H2Global's auction, securing a 10-year agreement to supply renewable ammonia to Germany, valued at over 585 million euros. This deal positions India as a significant exporter of green molecules, with production slated for AM Green's Kakinada project, utilising renewable power and aiming for 2029 deliveries.
Chief Economic Advisor V Anantha Nageswaran stated that the second half of the current fiscal year (FY27) is expected to be challenging due to increased downside risks to global growth and rising interest rates worldwide.
After a significant 9.9% depreciation in FY26, the Indian rupee has shown comparative stability in the first half of FY27, depreciating by only 1.1%, attributed to regulatory interventions and measures to attract foreign capital, despite ongoing global pressures from rising crude oil prices and foreign investor outflows.
The Indian corporate sector demonstrated strong credit quality in the first half of FY27, driven by robust balance sheets and healthy liquidity, despite facing risks from elevated crude prices, inflation, and global interest rates.
India's venture capital deal value grew by a modest 5 per cent in the first seven months of the year, significantly lagging the global average surge of 161 per cent, reflecting continued investor caution and valuation discipline.
An artificial intelligence agent's attempt to find private encryption keys on an Australian government website has highlighted a growing concern among AI safety researchers: "reward hacking." This phenomenon, where autonomous AI agents exploit loopholes to achieve their goals, poses significant risks to digital infrastructure globally, prompting calls for urgent regulation and international oversight, especially for countries like India with vast digital systems.
Ganges Grandmasters have secured a spot in the Global Chess League finals despite a loss to PBG Alaskan Knights. Defending champions Alpine APL Pipers, however, suffered a defeat against Triveni Continental Knights, leaving their final berth dependent on the outcome of the last league match. Key moments included Ian Nepomniachtchi's draw against Viswanathan Anand and Magnus Carlsen's first loss in the competition to Alireza Firouzja.
Pharma major Lupin is significantly increasing its focus on biosimilars, aiming for a turnover of nearly $500 million from this segment over the next five years, driven by new product launches and expanded presence in key global markets like the US, Europe, and Japan.
Major League Soccer is transitioning to an autumn-to-spring calendar, aligning with European leagues. The change begins with a "Sprint Season" in 2027, featuring Lionel Messi's Inter Miami, and aims to synchronize transfer windows, reduce FIFA fixture conflicts, and optimize playoff timing.
Indian stock markets are set to be influenced by a confluence of factors this week, including escalating geopolitical tensions, particularly concerns over US-Iran conflict, volatile crude oil prices, and the ongoing quarterly earnings season. Additionally, the US midterm elections, foreign investor activity, and key macroeconomic data releases will also be closely monitored by investors.
This article details the quarter-century journey of BRICS, from its inception as an economic acronym by a Goldman Sachs economist to its current status as an expanded eleven-member international bloc. It highlights its growth, key historical moments, and the significance of its upcoming summit, particularly with Iran's renewed importance in discussions.
Defending champions Alpine APL Pipers, led by World No. 1 Magnus Carlsen and Indian Grandmaster Vidit Gujrathi, defeated FYERS American Gambits 9-7 in a critical Global Chess League match. Carlsen ended Javokhir Sindarov's winning streak, while Gujrathi secured a marathon victory, propelling Pipers closer to a final berth.
Ramayana: Part 1 had its grand premiere in Los Angeles, drawing attention ahead of its global release on November 5.
Salesforce executives, including South Asia CEO Arundhati Bhattacharya, predict a significant shift in India towards wider enterprise AI adoption, moving from experimentation to production deployments. The company plans to invest in physical infrastructure and talent upskilling in India. Salesforce's vision for the "agentic enterprise" involves a four-layer architecture, emphasising the need for robust security and governance for autonomous agents. Executives also highlighted the evolving nature of jobs, with AI handling repetitive tasks and creating new specialised roles, positioning India as a potential leader in agentic innovation by 2030.
Foreign Portfolio Investors (FPIs) withdrew Rs 13,138 crore from Indian equities in the first half of September, driven by heightened global uncertainty, rising crude oil prices, firm US bond yields, and a strong dollar, impacting risk appetite.
Cortex DC, a company of The Chatterjee Group (TCG), announced its entry into the data centre market with plans to develop 2 GW of AI-ready capacity across India over the next seven years. The initiative aims to meet the growing demand for high-performance computing, targeting hyperscalers, cloud service providers, and advanced AI workloads with a focus on speed, scale, and sustainable power.
Foreign portfolio investors (FPIs) have withdrawn nearly Rs 5,109.21 crore from Indian government securities under the fully accessible route (FAR) in just three days, driven by global uncertainty, elevated crude prices, rising US Treasury yields, and a depreciating rupee.
Goan Grandmaster Leon Luke Mendonca won his second straight Global Chess League title as Ganges Grandmasters defeated defending champions Alpine SG Pipers.
A new study published in AGU Advances reveals that extreme heat events are becoming more frequent and expanding beyond traditional summer months globally. This expansion is asymmetric, occurring earlier in spring in regions like western Europe and northwestern India, and later into autumn in areas such as the western US and eastern China. Researchers highlight the challenges this poses for human acclimatisation and community preparedness, as existing infrastructure like cooling centres are built around historical summer calendars.
The historic one-off T20 International between India and Japan on September 22 marks a significant step in cricket's global expansion, aiming to connect with new audiences and strengthen the sport's presence in Asia, according to BCCI secretary Devajit Saikia.
Tata Group's British luxury carmaker Jaguar Land Rover (JLR) announced plans to reduce its global workforce by approximately 4,000 roles over the next two years, aiming for 1.7 billion in savings to enhance sustainable profitable growth and invest in future technologies.
Pune, India, has been selected to host the 2032 UCI Cycling Road World Championships, marking a historic first for the country in hosting such a prestigious international cycling event.
ISRO Chairman V Narayanan announced India's plan to significantly expand its space operations with four functional launch pads by 2029, including a new SSLV complex at Kulasekarapattinam. He stressed the importance of private sector partnerships to meet global demand and foster economic growth. Narayanan also detailed upcoming Gaganyaan uncrewed tests within the next two months and revealed plans for a collaborative Chandrayaan-5 lunar mission with Japan.
Prime Minister Narendra Modi, during his Gujarat visit, pledged to serve India until his last breath. He criticised the Opposition for allegedly spreading panic regarding fertiliser and cooking gas availability amidst the West Asia conflict, accusing them of rejoicing in national crises. Modi also highlighted government efforts to shield farmers from rising global prices and inaugurated 'Bharat Parv 2026' at Ekta Nagar.
Indian tourists can now use the Unified Payments Interface (UPI) to book tickets online for Dubai's Burj Khalifa and major attractions in Singapore, including Universal Studios. This initiative, facilitated by NPCI International Payments Ltd (NIPL) through strategic partnerships, aims to simplify international travel payments for Indians and strengthen digital and economic links with these countries.
Alpine APL Pipers secured the top position in the Global Chess League after defeating PBG Alaskan Knights. However, Ganges Grandmasters and FYERS American Gambits are close contenders. Ganges Grandmasters also had a strong win against the Pipers, while CheQ Mumba Masters kept their final hopes alive with a decisive victory over Triveni Continental Kings, featuring wins from top players like Magnus Carlsen and Levon Aronian.
