Indian mutual funds have significantly reduced their exposure to the information technology (IT) sector, with holdings now at an eight-year low of 6.7% in April 2026, driven by weak earnings growth, global demand slowdown, and concerns over AI-led disruption.
GM Iniyan Pa maintained his lead at the Global Chess Festival after defeating Ayush Sharma, while third seed GM Abhijeet Gupta suffered a loss. Other key results include upsets in the Challengers and Junior Masters sections, and a notable win for Sri Lanka's Oshini Gunawardhana Devindya.
GM Iniyan Pa is on the verge of winning the master's section of the Global Chess Festival in Mumbai, holding a one-point lead. Other categories like Challengers and Junior Masters also saw significant developments, with new leaders emerging and contenders vying for titles.
IBM and Yotta Data Services have announced a partnership to deliver an agentic artificial intelligence (AI) platform for enterprises and government organisations in India, leveraging IBM WatsonX Orchestrate and Yotta's Shakti Cloud.
The Delhi High Court has issued an interim order protecting cricketer Yuvraj Singh's personality rights, restraining third parties from the unauthorised use of his name, image, voice, and likeness, including the sale of merchandise and the creation of AI-generated or deepfake content.
The Wrestling Federation of India (WFI) has decided to send separate teams for the U23 and Senior World Wrestling Championships due to the short time gap between the two events, forcing wrestlers to choose which tournament to compete in. This decision aims to ensure optimal preparation and performance for both Indian teams.
Foreign Portfolio Investors (FPIs) have injected Rs 16,621 crore into Indian equities during the first half of August, continuing a buying spree driven by improving relative valuations, resilient corporate earnings, and expectations of softer US interest rates.
The US Department of State has signed a Memorandum of Understanding with the Ultimate Fighting Championship (UFC) to launch a public-private partnership aimed at advancing sports diplomacy worldwide. This initiative will leverage UFC's extensive global platform and athletes to engage international audiences, promote cultural exchange, and champion American values such as discipline and perseverance.
The US Department of State has signed a Memorandum of Understanding with the Ultimate Fighting Championship (UFC) to launch a public-private partnership aimed at advancing sports diplomacy worldwide. This initiative will leverage UFC's extensive global platform and athletes to engage international audiences, promote cultural exchange, and champion American values such as discipline and perseverance.
BMW India CFO Carsten Lammers has expressed surprise at the extensive scale and prolonged duration of tax and Customs litigation in India, advocating for faster dispute resolution and simpler procedures to ensure business stability.
'Think of the brain like a machine, and Alzheimer's is like rust.'
'Like a rusty machine breaks down, a rusty brain also breaks down. And when it breaks down, you have memory loss, cognitive issues and so on.'
Artificial Intelligence is rapidly transforming Formula One, with teams like Williams and Red Bull using AI for race strategy, data analysis and operations as tech partnerships and sponsorship revenues surge.
Accel and Google's AI Futures Fund have announced the five startups selected for the 2026 Atoms AI Cohort, focusing on enterprise, voice, and industrial AI solutions, with each startup receiving significant investment and resources.
Employees with artificial intelligence skills are likely to see better salary increments in the coming years, especially in technology, GCCs, and BFSI sectors, according to TeamLease Edtech.
JK Tyre has signed 11-year-old racing sensation Atiqa Mir, reinforcing its commitment to nurturing young talent in Indian motorsport. Atiqa, who has already achieved significant international success, joins an elite list of drivers supported by the company, including F1 legends Narain Karthikeyan and Karun Chandhok. Her journey also highlights the increasing presence of women in motorsport.
Legendary Brazilian captain Cafu has urged India to shed its "tiny status" mindset in football and believe in its potential for growth, offering Brazil's cooperation. He responded to Bhaichung Bhutia's concerns about an India-Brazil friendly, emphasising the importance of grassroots development and international collaboration, drawing parallels with Japan and China's success. Cafu also shared his personal journey of overcoming doubts to become a football legend.
India is set to launch Bharat Vecto, its first certification tool for assessing the fuel efficiency and CO2 emissions of medium and heavy commercial vehicles, by December, with a full launch targeted for the Bharat Mobility Global Expo in February 2027.
Indian benchmark equity indices Sensex and Nifty closed higher, recovering from previous losses, driven by a global market rebound, a pause in Israel-Iran hostilities, and a rally in bank stocks.
'The Chinese military cannot advance much in Ladakh, even if they want to.' 'Similarly, in Arunachal Pradesh, they can rename a village or two, intrude here or there, but cannot do much more realistically.'
Noted scientist Prof V Ramgopal Rao highlights India's significant progress in higher education and research but points out a critical gap in converting scientific discoveries into market-ready technologies. He advocates for a robust institutional framework, multidisciplinary collaboration, and stronger academia-industry ties to foster innovation and translate research into practical products.
JK Tyre has signed 11-year-old racing sensation Atiqa Mir, reaffirming its commitment to nurturing young talent in Indian motorsport. Mir, who has already achieved significant success on the international karting circuit, including podium finishes and victories in Europe, is the first Indian supported by the F1 Academy and the highest-ranked female in her category. This sponsorship highlights her potential as an emerging talent and JK Tyre's legacy in supporting top Indian drivers.
'Value is not where you make money in India. It never has been.' 'You have to buy momentum.' 'Momentum is in technology, and I don't see that slowing down because I believe the AI infrastructure boom is going to last for a while.'
The inaugural Esports Nations Cup, initially planned for November this year, has been postponed to November 2027 by the Esports Foundation. This decision was made following an assessment of the wider regional situation and to ensure stability for participating national teams, publishers, partners, and fans. Despite the postponement, Saudi Arabia remains capable of hosting events, and existing development fund commitments will be maintained.
Air India Group has accumulated losses of about Rs 47,821 crore since its takeover, leaving its prolonged transformation among the biggest unfinished projects of N Chandrasekaran's tenure.
Infosys, India's second-largest IT services firm, has appointed company veteran Ashiss Kumar Dash as CEO designate, with the leadership transition scheduled for April 1, 2027, after current CEO Salil Parekh completes his second term.
The Indian government has summoned Meta's global head of public policy after Prime Minister Narendra Modi's Facebook post, addressing youth and promising action against paper leaks, was temporarily removed. Meta attributed the removal to a 'glitch' in its automated content filters, an explanation the government deems insufficient, demanding further discussions.
Fintech platform Decentro has received final approval for a Payment Service Provider (PSP) licence from the IFSCA at GIFT City, enhancing its cross-border payment capabilities.
ServiceNow Vice Chairman Nick Tzitzon highlights India's potential to develop an AI-native government model, emphasising enhanced public services, data privacy, and economic growth.
Finance Minister Nirmala Sitharaman convened a high-level meeting with bank heads to assess cybersecurity risks linked to advanced AI models, following concerns over Anthropic's Claude Mythos system and its potential impact on financial data security.
Reserve Bank Deputy Governor S C Murmu has highlighted the "cash paradox" where currency in circulation continues to grow despite a significant increase in digital payments. This trend complicates the RBI's forecasting and planning for currency production and distribution, prompting the central bank to seek solutions and explore ways to extend banknote life and reduce the carbon footprint of the cash cycle.
Haryana is institutionalising drone technology as a key governance tool, deploying AI-powered surveillance and high-resolution geospatial mapping. This initiative aims to detect illegal constructions, monitor mining activities, map civic infrastructure, and track pollution across the state. The Chief Secretary reviewed progress on various projects, including an AI-powered Change Detection Application and digital mapping of municipal assets, highlighting the state's commitment to evidence-based governance and improved public service delivery.
IIT Madras is hosting the 3rd Digital India RISC-V (DIR-V) Symposium 2026 in partnership with the Ministry of Electronics and Information Technology and RISC-V International. The symposium aims to unite stakeholders from government, industry, and academia to advance India's semiconductor innovation, focusing on indigenous processor technologies, secure computing, hardware innovation, and AI, aligning with the government's vision for India as a global semiconductor hub.
'All these reports and announcements by the US seem like attempts to gain a lever in trade deal negotiations with India.'
IdeaForge Technology Ltd has announced a partnership with Digital Media Professionals Inc. (DMP) to develop next-generation AI drones, aiming to enhance autonomous capabilities and expand into the Japanese market.
Indian golfer Pranavi Urs was the only Indian to qualify for the weekend rounds at the KPMG Women's Irish Open, carding a two-under-par 70 in her second round. She is currently tied for eighth place, ten strokes behind leader Casandra Alexander. Other Indian golfers, including Diksha Dagar, Tvesa Malik, and Avani Prashanth, missed the cut.
Prime Minister Narendra Modi has introduced a 'Sapta Dhara' (seven-stream) reform framework, aiming to propel India into a developed nation by 2047. This comprehensive plan focuses on key sectors including manufacturing, agro-food processing, technology, logistics, defence, green and blue economy, and soft power, leveraging the nation's youth potential.
Employees with artificial intelligence skills are likely to see better salary increments in the coming years, especially in technology, GCCs, and BFSI sectors, according to TeamLease Edtech.
Astrobase Space Technologies, a Bengaluru-based startup, has unveiled 'EVEREST', India's first privately built full-flow staged combustion (FFSC) LOX-Methane rocket engine. This advanced engine, designed for reusable medium-lift launch vehicles, aims to enhance India's position in the global space economy by providing high-performance propulsion systems for future satellite deployments.
FedEx and ServiceNow have expanded their collaboration to develop an AI-powered supply chain solution aimed at optimising workflows and enhancing customer experiences. The partnership was announced at the Knowledge 2026 AI conference in Las Vegas.
Indian benchmark indices, the BSE Sensex and NSE Nifty, snapped a four-day losing streak, with the Sensex climbing 382 points, primarily driven by a strong rally in IT sector shares. Major IT firms like TCS, Infosys, and HCL Tech saw significant gains, contributing to the market's recovery.
