A boat carrying Indian tourists capsized off an island in south Vietnam, killing 15 people. An eyewitness described the incident, stating the boat overturned shortly after leaving the shore, and rescue efforts were launched, though medical teams were reportedly not immediately available.
IBS Group has launched Naviq Technology, an artificial intelligence company dedicated to the global travel industry, backed by a substantial USD 500 million investment over the next five years. The new venture aims to partner with major travel players to drive business transformations, modernise operations, and leverage AI for new revenue streams, with plans for significant job creation in India.
India's markets regulator, Sebi, has reintroduced rules allowing companies to repurchase their own shares through stock exchanges in the open market, effective August 1, 2026. The new framework caps the execution period at 66 working days and aims to enhance flexibility and efficiency for capital allocation.
Skyroot Aerospace is set to launch the maiden test flight of its orbital-class rocket, Vikram-1, from SDSC-SHAR on July 18, marking a significant milestone for India's private sector in the global launch business.
Calling iPhone addicts: Launch timeline and everything we know so far about Apple iPhone 18 Pro Max
The Supreme Court has agreed to examine Sebi's challenge to a Securities Appellate Tribunal (SAT) decision that cleared Wadia Group Chairman Nusli Wadia, Bombay Dyeing, and others of allegations of fraudulent financial reporting.
Kerala Chief Minister V D Satheesan announced the state's vision to become a national hub for artificial intelligence and emerging technologies, coinciding with the launch of Naviq Technology by IBS Software Group. The state government is implementing initiatives like an AI-powered dashboard, a Global Job Watch Tower, and curriculum revisions to align with technological advancements and foster skill development in AI and semiconductor sectors.
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Indian companies are increasingly turning to share buybacks as a preferred payout strategy, driven by recent tax framework changes that make them more tax-efficient for non-promoter shareholders and a fall in stock prices.
Pre-listing shareholder lock-ins for 53 companies, valued at $11 billion, are set to expire between July and September, according to an analysis by Nuvama Institutional Equities, though not all shares are expected to flood the open market.
Dilip Buildcon Ltd, the contractor for the Anakkampoyil-Kalladi-Meppadi road tunnel project in Wayanad, attributed a recent fatal landslide to exceptionally heavy rainfall. The company stated that the project adheres to all safety and environmental protocols, despite allegations from Kerala Ministers of a "man-made disaster."
Samsung Electronics has launched its new Galaxy Z8 series, featuring the Z Fold8 Ultra, Z Fold8, and Z Flip8. These foldable smartphones are thinner, lighter, and boast larger displays, AI capabilities, and enhanced durability through new Flex Titanium technology. Indian customers can pre-order the devices soon.
L&T Technology Services (LTTS) has announced a strategic partnership with Anthropic to integrate its Claude AI models into LTTS' engineering processes and AI platforms. This collaboration aims to redefine engineering work by enabling faster decision-making, streamlining workflows, and accelerating innovation for global clients, coinciding with Anthropic's new rupee-denominated pricing for Indian customers.
The focus is now on accelerating PSP development through faster approvals, better-quality detailed project reports (DPRs), simplified clearances, and early excavation permissions. Speaking at a recent event, Prasad said hydropower and PSPs would be central to supporting India's renewable energy expansion by providing the reliable and flexible capacity needed to balance rising solar and wind generation. "A huge amount of variability is getting introduced into the grid.
FSN E-Commerce Ventures (Nykaa) reported nearly 30 per cent year-on-year revenue growth in Q1FY27, marking its highest revenue growth in 13 quarters, primarily driven by accelerated expansion in its fashion segment.
The initial public offering (IPO) of engineered fabric manufacturer Kusumgar Ltd was subscribed 13.13 times on the second day of bidding, driven by strong interest from non-institutional and retail investors.
Motorola has expanded its G-series lineup in India with the launch of the Moto G77 Power, a smartphone designed for users who prioritise battery life and reliable everyday performance.
Former Liverpool and Borussia Dortmund boss Juergen Klopp has been appointed as the head coach of the German national football team on a four-year contract, following Julian Nagelsmann's departure and a series of disappointing World Cup performances.
'Rather than deploying all their money at once, investors should invest gradually.' 'A staggered approach is the better strategy because volatility is likely to persist.'
India's government has implemented stringent new regulations under the Telecommunications Act 2023, mandating that all communication infrastructure providers, including those utilising cloud-based networks, must store telecommunication data exclusively within the country, a move expected to significantly impact domestic data centre demand.
Foreign investors have largely been exiting one part of the market while domestic investors have been enthusiastically accumulating another, points out Debashis Basu.
Google has challenged a Delhi High Court single-judge bench ruling that held it liable for trademark infringement by allowing competitors to bid on and use the 'Hindware' trademark as keywords in its Google Ads programme. Google argues that keyword bidding promotes competition and is a globally accepted norm, citing previous rulings that allowed the practice. The tech giant contends that the Trade Marks Act does not distinguish between coined and generic words for such infringements.
A three-storey administrative building in Pimpri Chinchwad, Pune, collapsed after a huge mound of garbage, loosened by heavy rains, crashed onto it. At least 16 people are feared trapped inside, and rescue operations are underway.
The initial public offering (IPO) of engineered fabric manufacturer Kusumgar Ltd was subscribed an impressive 128.85 times on its final day of bidding, largely driven by robust demand from Qualified Institutional Buyers (QIBs).
Abhijeet Dipke, founder of the Cockroach Janta Party (CJP), has emerged as a prominent youth leader, transforming a satirical movement into a powerful force that led to the resignation of Union Education Minister Dharmendra Pradhan. Dipke views this as just the beginning, advocating for issue-based politics over identity politics and demanding further reforms in the examination system.
A Delhi court has sentenced three former officials of a company to four years in jail for defrauding the Industrial Development Bank of India (IDBI). The court emphasised that leniency would undermine the justice system and public confidence in the law.
Nissan Motor India aims to achieve a fourfold increase in domestic sales, targeting 100,000 units annually, and export another 100,000 vehicles from its Chennai plant by financial year 2027-28 (FY28), marking a significant revival of its presence in the Indian passenger vehicle market.
India's food safety regulator, FSSAI, has issued a notice to alcoholic beverage manufacturers for violating regulations concerning the unauthorised use of added flavours and misleading age-related claims, demanding compliance and explanations.
A BEST bus operating on a wet lease crashed into a roadside divider on the Sion-Panvel highway in Mumbai's Mankhurd area, resulting in one fatality and ten injuries. The driver claimed brake failure. This incident marks the third major BEST bus accident in Mumbai this month.
The US Department of Labour's Office of the Inspector General has initiated an investigation into alleged fraud in H-1B and PERM work visa programmes. Indian IT firm Cognizant is among the companies under scrutiny for widespread schemes involving fraudulent applications, exploitation of foreign workers, and undercutting American labour. The probe aims to dismantle networks exploiting the guest worker visa system.
Amidst escalating protests over the NEET paper leak, the Cockroach Janta Party (CJP) has declared Education Minister Dharmendra Pradhan's resignation 'non-negotiable' and is also demanding 1 crore compensation for families affected by suicides linked to the exam cancellation.
Danish pharma major Novo Nordisk has launched 'Awiqli' in India, a once-weekly basal insulin injection for adults with diabetes, aiming to simplify treatment and reduce the burden of daily injections.
Mission Embrace aims to perform the world's first in-orbit demonstration of soft robotic capture for future active debris removal missions
The Competition Commission of India (CCI) has imposed a total penalty of approximately Rs 142.37 crore on HP India Sales Private Limited and several of its resellers for engaging in cartelisation and bid rigging on the Government e-Marketplace (GeM).
The Biotechnology Industry Research Assistance Council (BIRAC) has chosen seven to eight biotechnology startups as the initial group to receive funding from the government's ~1 trillion Research, Development and Innovation (RDI) Fund, with an average investment of approximately ~25 crore per startup.
'I am now driving an electric vehicle. I have lost faith in petrol-run cars.'
Around 700 companies of Central Armed Police Forces (CAPF) will continue to remain deployed across West Bengal after the completion of polling, an Election Commission official said on Wednesday.
Indian-origin tech executive Uday Ruddaraju has been appointed Chief Technology Officer, Compute at OpenAI, a year after leaving Elon Musk's xAI. Ruddaraju, an alumnus of Hyderabad's Chaitanya Bharathi Institute of Technology, announced his new role on LinkedIn, highlighting OpenAI's mission to build the world's largest compute footprint for frontier AI.
At Jantar Mantar, where students are protesting the NEET paper 'leak' and demanding the Education Minister's resignation, volunteers have transformed the site into a community kitchen, providing a steady supply of food and refreshments as a powerful expression of solidarity.
Tata Steel plans to invest approximately Rs 20,000 crore in capital expenditure during the current financial year (FY27), a significant increase from the previous year, with 60 per cent of this allocation directed towards its India business for expansion, new technologies, and sustainability.
