Persistent Systems announced an agreement to integrate a team from Concise, a software engineering and IT consulting company, to expand its Eastern European footprint.
Accenture's revised annual revenue growth forecast and weaker-than-expected fourth-quarter guidance have sent shockwaves through the Indian IT sector, causing major IT stocks and the Nifty IT index to tumble significantly.
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.
Recognising the growing use of AI/ML models by regulated entities across business and decision-making processes, the RBI said weaknesses in governance, oversight, risk management, and controls could expose institutions to financial, operational, compliance, and reputational risks.
Haryana and Rajasthan have signed an agreement to implement the 1994 Upper Yamuna River Board (UYRB) agreement, allowing Rajasthan to receive water from the Hathini Kund barrage during monsoons. The pact, signed in the presence of Union Home Minister Amit Shah, resolves a 32-year-old issue concerning water allocation among Yamuna basin states.
The Allahabad High Court has strongly criticised the state machinery for its "persistent failure" and significant delays in processing a minor rape survivor's plea for medical termination of pregnancy. The court highlighted how seven weeks were lost due to bureaucratic hurdles, leading to the survivor delivering the child despite seeking an abortion. The court also directed authorities to conduct a comprehensive socio-psychological study on rape cases and their consequences.
Gram Chikitsalay Season 2 returns with a confirmed connection to Panchayat universe and a more heartwarming narrative, observes Sreeju Sudhakaran.
The remarkable rise of smallcaps reflects the emergence of a broad set of specialised businesses operating in industries where the sectoral tailwinds remain considerably stronger than macroeconomic headwinds, points out Debashis Basu.
Russian President Vladimir Putin has offered New Delhi Russia's fifth-generation stealth aircraft Sukhoi Su-57 and even suggested that the combat jet could even be jointly produced in India in line with the strong strategic partnership between the two countries.
We have built an economy that can deliver everything -- from iPhones to biryani -- to a doorstep in 10 minutes, but it cannot deliver a fire engine through a lane in 20, points out Amit Kapoor.
The stock of mid-tier information technology (IT) major Persistent Systems has been one of the outperformers in the IT pack with a return of 5.3 per cent over the last year, while its peer index, the Nifty IT, is down 16.2 per cent over the same period. The strong September quarter (Q2FY26) result and upgrades by brokerages are positive but its ability to sustain growth momentum in a weak macroeconomic environment will be key for future gains. At the current levels, the stock is trading at a premium valuation of 38 times its FY27 earnings estimates.
Leaders from several opposition parties within the INDIA bloc convened in New Delhi, stressing the critical need for unity to safeguard democratic values and address pressing issues like people's livelihoods, despite recent internal differences and electoral setbacks.
The Supreme Court has called for strict enforcement of the Pre-Conception and Pre-Natal Diagnostic Techniques (PCPNDT) Act to counter the deep-seated patriarchal preference for male children and prevalent sex-selection practices. The court highlighted declining child sex ratios and the continued need for efforts despite government welfare schemes, stressing that true equality is yet to be achieved. The observations were made while dismissing a doctor's appeal in a PCPNDT Act violation case.
A parliamentary committee has voiced concerns over ongoing examination irregularities despite government measures, recommending the Ministry of Education publish a time-bound roadmap for reforms. The panel also urged a nationwide blacklist of firms involved in exam processes and suggested utilising the National Testing Agency's financial surplus to enhance its capabilities.
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BEST employees continued their strike in Mumbai for a second day, causing significant disruption to public transport despite appeals from the Maharashtra Transport Minister and the invocation of MESMA. Commuters were forced to rely on alternative, overcrowded transport options, while the striking unions maintained their demands for budget merger, improved pay, and absorption of contractual workers.
Wimbledon has announced a record 64.2 million prize money pot for this year's championships, a 20% increase from last year, marking the biggest annual rise in its history. This significant boost comes amidst growing demands from players for a larger share of Grand Slam revenues, with increases across all rounds and a substantial rise for singles champions and first-round losers.
A team of scientists has identified a 'potentially dangerous' proglacial lake at 16,500 feet in Arunachal Pradesh's Mago Chu basin, a critical headwaters region of the Brahmaputra, warning of a possible Glacial Lake Outburst Flood (GLOF) due to rapid glacier transformation.
Reserve Bank Governor Sanjay Malhotra announced that India's foreign exchange reserves stand at a healthy $682.3 billion as of May 29, 2026, providing approximately 11 months of import cover and strong protection against external shocks.
A simple SIP-first approach can help reduce debt, avoid EMIs and build lasting financial freedom through disciplined spending, advises Ramalingam Kalirajan
Uttar Pradesh is experiencing an intense heatwave, with Banda recording the highest temperature at 47.6 degrees Celsius. The IMD has issued a 'Red Colour Warning' for severe heatwave conditions. The extreme heat is disrupting daily life and economic activity, prompting government action to prevent heat-related illnesses.
Pacer Gurnoor Brar impressed on his international debut before captain Shubman Gill played a regal knock to set up India's seven-wicket win over Afghanistan in the rain-hit series opener.
Larsen & Toubro (L&T) is significantly investing in automation, robotics, and technology-led solutions to scale up its construction activities, as increasing traditional manpower is no longer a viable growth option, according to CFO R Shankar Raman.
Russian President Vladimir Putin asserted that any attempts to undermine India's sovereignty through 'threats of sanctions' would 'boomerang immediately' under Prime Minister Narendra Modi's leadership, highlighting India's sovereign decision-making and strong national interests.
The fee cuts come amid an outcry over CBSE's first full-scale rollout of the Online Scoring Mechanism for Class 12 examinations, with students, parents, and some teachers alleging unusually low marks, unchecked answers, and discrepancies between expected and awarded scores.
When Atlanta hosted the 1996 Olympics, police were accused of arresting homeless people by the thousands. The crackdown resulted in a welter of lawsuits and news stories that caused long-term damage to the city's reputation. Now the Georgia state capital is looking to show the world that it has moved on, as it hosts World Cup games this summer.
'When I look at India's relative valuations, these are by far the lowest I have seen in my 35-year career.' 'The relative 12-month trailing performance is among the weakest I have seen, and foreign investor positioning is at a 16-17 year low.'
If Iran and Oman choose to charge a fee for rendering services to vessels using their territorial waters, so be it. The US is indulging in an irrationally self-destructive act, notes Ambassador M K Bhadrakumar.
The 2026 FIFA World Cup, co-hosted by the United States, Mexico, and Canada, is set to be football's largest tournament but will unfold against a backdrop of significant geopolitical tensions, including conflicts, strained alliances, and complex immigration policies, challenging its traditional role as a symbol of global unity.
If one has to compare the tenures of the two prime ministers one must credit Nehru with laying the foundations on which Modi is building a grand edifice, asserts Colonel Anil A Athale (retd).
An EY India report suggests that banks must compete on customer experience and evolve physical branches into phygital advisory hubs. The report highlights the importance of anticipating customer needs and blending digital tools with human interaction.
Markets face risk of a prolonged bear phase as oil shocks and geopolitical tensions test inflation, growth and investor confidence globally, points out Debashis Basu.
The Employees' Provident Fund Organisation (EPFO) is set to introduce UPI-linked withdrawals by the end of May, as it finalises testing for its Centralised IT Enabled System (CITES) 2.0 overhaul, aiming to streamline PF balance transfers and withdrawals.
The Wrestling Federation of India (WFI) President Sanjay Singh highlighted the significant participation of Haryana wrestlers in the National Open Ranking Tournament, countering claims of bias. However, the event was also marred by the discovery of used syringes, underscoring the ongoing doping challenges in Indian wrestling.
Companies are already diversifying sourcing, raising prices, and reworking operating models as the disruption drags on.
Indian benchmark indices Sensex and Nifty experienced declines due to a sharp rally in crude oil prices, continuous foreign fund outflows, and geopolitical uncertainties. Regulatory developments in the banking sector, particularly the implementation of the Expected Credit Loss (ECL) framework, also contributed to the selling pressure.
UN experts have voiced serious concerns regarding the ongoing abduction and forced religious conversion through marriage of women and girls from minority communities in Pakistan, highlighting that impunity is fuelling the practice.
Rapid growth in personal gold loans has raised concerns over borrower leverage, large-ticket exposure and volatility in gold prices, points out Swaminathan J, Deputy Governor, Reserve Bank of India.
Wrestling Federation of India President Sanjay Singh addressed allegations of bias against Haryana wrestlers and acknowledged ongoing doping concerns after used syringes were found at the National Open Ranking Tournament.
India's mergers and acquisitions (M&A) market is projected to maintain an annual run-rate of approximately $200 billion, evenly split between domestic, inbound, and outbound transactions, despite global geopolitical turbulence, according to Rajesh Singhi, global co-head, M&A Advisory, Standard Chartered Bank.
