State Bank of India Chairman C S Setty stated that banks will take three to four months to deploy the significant funds mobilised through foreign currency non-resident (bank), or FCNR(B), deposits, which is unlikely to cause "abnormal lending". He also highlighted the need for agentic artificial intelligence (AI) costs to fall sharply for its widespread deployment in India, envisioning its role in transforming banking from fraud detection to personalised financial assistance.
Indian benchmark indices Sensex and Nifty experienced a significant slump, with the Sensex tumbling 719.08 points, driven by escalating West Asian tensions, a sharp rise in crude oil prices, and a global sell-off in technology stocks.
The technology services sector in India will continue to remain relevant to global enterprises transformation in the artificial intelligence (AI) era, the Nasscom US CEO Forum said, even though there will be changes in how services are delivered and scaled up. Chief executive officers of Indian technology companies, who attended the discussion, also said AI will expand the addressable market opportunity across enterprise modernisation, data, AI governance and intelligent operations.
A report by the University of Chicago's Energy Policy Institute projects approximately 15,800 additional heat-related deaths in India over the next six months due to the 'super El Nino' phenomenon. Globally, nearly 451,000 additional deaths are anticipated. Experts in India emphasize the need for swift action, including implementing Heat Action Plans and focusing on vulnerable populations, while also urging caution regarding model-based projections.
IIT Madras has inaugurated a new state-of-the-art robotics laboratory, established with CSR support from Bechtel India. This collaboration aims to accelerate research, innovation, and industry applications in robotics and automation, specifically for the construction and infrastructure sectors, fostering advanced technological solutions and workforce development.
PhonePe, at the Global Fintech Fest 2026, unveiled its strategic vision for the next decade, focusing on inclusive digital progress for individuals, households, and businesses across India. The roadmap details innovations in financial inclusion, wealth creation, credit access, and merchant solutions.
Indian benchmark equity indices, Sensex and Nifty, rebounded after a two-day losing streak, driven by strong buying in blue-chip IT stocks and positive global market cues, with the Sensex climbing 330.92 points.
HCL Group, a USD 14.8 billion conglomerate, has announced a new partnership with the DP World Professional Golf Tour of India (PGTI). This collaboration aims to leverage technology and innovation to strengthen India's professional golf ecosystem, broaden the sport's reach, and enhance experiences for players, fans, and partners.
A new report reveals a significant shift in India's AI hiring landscape, moving from experimental roles to those focused on deployment, integration, and scaling of AI solutions. Employers, including GCCs, IT services, and enterprises, are increasingly seeking professionals who can implement AI across core business operations, leading to a demand for core AI roles that currently outstrips the available supply.
OpenAI has appointed Prabhjeet Singh as its Managing Director for India, a key market for the AI company. Singh, formerly President of Uber India and South Asia, will oversee consumer growth, enterprise adoption, partnerships, and regulatory engagement, reinforcing OpenAI's commitment to India's rapidly expanding AI ecosystem.
The Athletics Federation of India (AFI) has announced that the SRY gene test will be mandatory for all athletes participating in its approved competitions across all age categories, effective from 2027. This decision, subject to legal formalities, aligns with new World Athletics regulations for female category eligibility.
India is making a significant push to establish itself as a global semiconductor manufacturing hub, driven by strategic investments and policy support. The upcoming SEMICON India 2026 event will showcase the country's advancements and ambitions in this critical industry, which underpins virtually all modern electronic devices and has faced global supply chain vulnerabilities.
ArcelorMittal has announced a partnership with Amazon Web Services (AWS) to automate its global manufacturing operations using AWS's cloud and AI capabilities. This collaboration aims to enhance safety, asset reliability, and energy efficiency by deploying AI at the point of production for predictive maintenance, quality control, and process optimisation.
'Healthy double-digit returns are still possible, though a sharp rally is unlikely.'
Former Chief Economic Adviser Krishnamurthy V Subramanian outlines India's strategy to become a USD 55 trillion economy by 2047. The plan hinges on leveraging its young demographic in AI, dominating sunrise sectors like space and defence tech, attracting FDI, and achieving sustained 8% GDP growth.
An art display at the Asian Games Main Media Centre in Nagoya features drawings by artists from across the subcontinent, offering a unique perspective on the Games. The collection includes tributes to athletes like Neeraj Chopra and calls for cricket's global expansion, all while incorporating the mascot Honohon. It highlights the emotion and colour of sport beyond competition.
India's six-member League of Legends team, featuring a blend of experienced and new players, is set to compete at the Asian Games 2026 in Aichi-Nagoya, Japan. They are placed in a challenging Group B alongside defending champions South Korea, Chinese Taipei, and Hong Kong, with the tournament running from September 29 to October 2.
Indian women's hockey team goalkeeper Bichu Devi Karibam and Pakistan striker Abdul Rehman have been honoured with the Poligras Magic Skill Awards for their outstanding performances at the recent FIH World Cup. The awards, decided by fan votes, recognised Devi's crucial save and Rehman's exceptional 3D skills.
Union Education Minister Pralhad Joshi announced that revised NCERT textbooks for classes 10 to 12 are being prepared in "mission mode," while textbooks for classes 1 to 9 under the new National Curriculum Framework have already been released. He emphasised NCERT's role in building a 'Viksit Bharat' and highlighted the need for curricula to evolve with AI advancements and the importance of India's young population as a global asset.
Meta's global team met with top Indian IT Ministry officials following government summons regarding the temporary restriction of Prime Minister Narendra Modi's Facebook post and ongoing concerns about child sexual abuse material (CSAM) on its platforms.
The Commonwealth Chess Association (CCA) has announced a partnership with digital platform Chessveda to significantly expand online chess activities and opportunities for players across Commonwealth nations, leveraging digital platforms for wider participation.
The ceremonial torch for the Chess Olympiad 2026 in Samarkand, Uzbekistan, was handed over by FIDE Interim President Viswanathan Anand and AICF president Nitin Narang to Uzbek player Javokhir Sindarov. This event marks the official countdown to the prestigious team competition, continuing a tradition started by FIDE in 2022 to build excitement for the global chess event.
The National Rifle Association of India (NRAI) has launched the ISSF Shotgun Referee Course in New Delhi, a five-day programme aimed at developing internationally qualified technical officials for shooting sports. The course, led by ISSF instructor Nooruddin Alyasi, attracts participants from India, Saudi Arabia, and Sri Lanka, signifying a major step towards enhancing officiating standards and technical infrastructure in the region.
Zoho Corporation Founder Sridhar Vembu has echoed IBM CEO Arvind Krishna's concerns about a potential "bubble" in the multi-trillion dollar AI data centre build-out. Vembu stated that Zoho will adopt a measured approach, investing in AI capabilities like data curation and compiler infrastructure, but will not chase the current investment spree, contrasting with other global tech giants' massive spending.
India's markets regulator Sebi has launched 'Demat 2.0', a pilot project for tokenisation of corporate bonds, enabling atomic settlement through integration with RBI's wholesale CBDC. This new market infrastructure uses Distributed Ledger Technology (DLT) to make bond issuance, trading, and settlement faster and more efficient. India is the first country to issue corporate bonds natively on a distributed ledger with central bank digital currency settlement. Additionally, RBI Governor announced new UPI innovations: 'Tap & Pay' for faster POS transactions and MyUPI, an AI-powered customer support solution.
Growth in AI engineering hiring is being driven by rapid AI adoption across organisations of all sizes, said the LinkedIn report.
Professional Punch Boxing is set to host its 14th edition in November, aiming to provide Indian fighters with competitive bouts and international exposure. The series, launched in 2017 and sanctioned by the Indian Boxing Council, has previously featured boxers from over 12 countries, offering a platform for domestic talent to build their careers.
A Deloitte report reveals that Indian enterprises are leading the world in large-scale AI adoption, but are facing a significant skills gap in AI expertise.
Telangana Chief Minister A Revanth Reddy will virtually deliver the keynote address at the Harvard Kennedy School's AI symposium, focusing on the global AI landscape.
A new study published in The Lancet Public Health journal reveals that almost all countries are overusing 'watch' class antibiotics, which are stronger drugs meant for specific conditions and contribute significantly to antibiotic resistance. The research developed a framework to assess appropriate antibiotic use and found that while many countries overuse antibiotics, particularly the 'watch' category, some also underuse 'reserve' antibiotics, potentially leaving patients with drug-resistant infections untreated. The study highlights a global inequality where lower-income countries need more specialised antibiotics but higher-income countries use them more.
The Global Chess League (GCL) has launched Road2GCL, a six-week community engagement initiative, to build excitement for its fourth season in Bengaluru. The programme includes competitions like Road2GCL Contenders, offering aspiring players a chance to compete with GCL stars, alongside activities for clubs, schools, and content creators. Season 4 will feature 36 Grandmasters, including Magnus Carlsen and debutant Divya Deshmukh.
Indian football coach Khalid Jamil and goalkeeper Gurpreet Singh Sandhu view the upcoming FIFA international friendly against World Cup participant Panama as a crucial learning opportunity. They believe playing stronger teams is essential for India's development and ambition to become a world-class football nation, despite Panama's superior ranking and World Cup experience. The match is seen as a chance to understand the demands of top-tier football and integrate younger players into the squad.
A new study reveals that past emissions from major oil, gas, coal, and cement producers will continue to impact Earth's environment for centuries, even if emissions cease today. The research highlights that the planet will remain significantly warmer than pre-industrial levels, leading to persistent climate damages and increasing the likelihood of future extreme weather events, forming the basis for accountability lawsuits against these "carbon majors."
Shailesh Chandra, MD and CEO of Tata Motors Passenger Vehicles (TMPV), stated that the uncertainty surrounding how long commodity costs will remain elevated is a greater concern for the company than the actual price increases. He noted that commodity prices have risen significantly over the past five to six months, impacting margins and necessitating faster cost-reduction efforts, though no major production or supply-side issues are currently foreseen.
The Unique Identification Authority of India (UIDAI) is actively working on plans to expand Aadhaar's reach globally, particularly to benefit non-resident Indians (NRIs) and overseas citizens of India (OCIs). This initiative aims to enhance interoperability, attract investment, and streamline digital identification processes, with new guidelines for merchants and products like Aadhaar Lite also in development.
A senior US official has warned against the weaponisation of digital and artificial intelligence sovereignty by political voices, urging nations to avoid costly re-invention of existing technology. The official highlighted the economic dangers of rebuilding entire tech stacks and emphasised India's crucial role as an indispensable partner in global technological leadership due to its engineering talent and innovation ecosystem.
Russian President Vladimir Putin has proposed a new investment platform, based on the New Development Bank (NDB), to fund projects in trade, infrastructure, logistics, and technology across BRICS nations, emphasising that the grouping's expanding economic cooperation is not 'against anyone' but aims to advance members' national interests.
SpaceX, led by Elon Musk, is establishing an in-house foundry in Bastrop, Texas, to produce high-spec gas turbine blades and vanes. This strategic move aims to alleviate a critical supply chain bottleneck hindering power generation for AI data centres in the US and accelerate natural gas turbine availability by up to 18 months. The facility will also leverage synergies with aerospace component manufacturing.
The International Kabaddi Federation is expanding its global reach by nearly doubling its membership to approximately 80 nations. A two-day conclave in Hyderabad will see 35-40 new national bodies from Africa and Europe formally affiliated, aiming to foster the sport's global growth through structured programmes and technical assistance.
Finance Minister Nirmala Sitharaman criticised commentators who express pessimism about India's demographic dividend, asserting that the country's youth are actively driving economic growth and innovation. She also highlighted the dual nature of AI and the need for robust safeguards in emerging technologies like quantum computing to balance innovation with safety.
