ExlService Holdings, a data and AI company, announced its acquisition of AI data solutions firm iMerit for up to USD 310 million. This strategic move aims to accelerate AI innovation, deepen EXL's AI capabilities in model training and evaluation, and expand its market presence in high-growth AI tech sectors. The transaction is expected to conclude in Q3 2026.
FIFA has confirmed that rainbow flags will be permitted at the World Cup match between Egypt and Iran in Seattle, which coincides with the city's Pride weekend. This decision comes despite objections from Egypt and Iran, where homosexuality is criminalised, and FIFA's attempt to distance itself from the "Pride Match" designation, stating it's a local initiative.
Foreign Secretary Vikram Misri stated that the Indian government has no involvement or official support for Track 2 discussions on India-Pakistan ties, even when retired Indian officials participate. He clarified that such participants speak in their personal capacities and do not represent the government's views, and New Delhi does not take cognisance of these private events.
Electronics manufacturing leader Foxconn has injected USD 37.2 million into its Indian subsidiary, Foxconn Hon Hai Technology India Mega Development Private Limited, increasing its stake to nearly 100 per cent. This investment reinforces Foxconn's commitment to iPhone manufacturing in India.
Union Minister Jitendra Singh stated that human-led artificial intelligence will be the defining force in India's journey to becoming a developed nation by 2047. Speaking at the 29th National Conference on e-Governance, he emphasised that technology must strengthen governance without replacing human accountability, advocating for responsible AI deployment with citizens at the centre. The conference concluded with the adoption of the Jaipur Declaration on e-Governance 2026, outlining a roadmap for AI-enabled, data-driven, and secure digital governance.
Systematic Investment Plan (SIP) returns for smallcap and midcap mutual funds have seen a significant rebound, with average one-year SIP returns now at 19.1 per cent for smallcap funds and 13.5 per cent for midcap funds, according to Value Research data. This recovery is expected to revive momentum in the retail mutual fund industry, which had experienced a moderation in growth indicators.
Jannik Sinner's Wimbledon title defence gathered pace on Friday as the world number one swept aside American Jenson Brooksby 6-4 6-3 6-4 to enter the fourth round and reinforce his status as the man to beat at the All England Club.
Electronics manufacturing leader Foxconn has injected USD 37.2 million into its Indian subsidiary, Foxconn Hon Hai Technology India Mega Development Private Limited, increasing its stake to nearly 100 per cent. This investment reinforces Foxconn's commitment to iPhone manufacturing in India.
Former PepsiCo CEO Indra Nooyi asserts that India and the United States are natural partners, crucial in the geopolitical competition with China. She highlights India's pivotal role as the world's largest democracy with a young, English-speaking population, despite its "chaotic" nature. Nooyi also discusses the need for leaders to understand each other's perspectives to maintain strong bilateral ties.
Nayara Energy, India's largest private fuel retailer, has reduced petrol prices by Rs 5 per litre and diesel by Rs 3 per litre nationwide, marking the first such cut in over two years. This reduction follows easing tensions in West Asia and stabilised international crude oil prices, though public sector retailers have not yet followed suit.
India's foreign exchange reserves saw a substantial decline of USD 9.985 billion, reaching USD 671.625 billion for the week ended June 12, primarily driven by a sharp decrease in gold reserves, according to the Reserve Bank of India (RBI).
At the heart of the decision is concern over the survival of Meghalaya's neighbourhood retailers.
Cape Verde, despite being a significant underdog, is confident of challenging Argentina and Lionel Messi in their World Cup knockout match.
The family of Avinash Shukla, one of eight arrested in connection with the alleged theft of offerings from the Ram temple in Ayodhya, has stated he should be punished if guilty but receive justice if innocent. Shukla was involved in cash reconciliation, and Rs 20 lakh was reportedly recovered from him. The case follows allegations of embezzlement and an ongoing SIT investigation.
Loss-making Air India has introduced a new 'Basic Fare' category for select domestic flights, which does not include complimentary meals, as part of its efforts to trim expenses amid rising operational costs.
'Knowing that he is always there to support and guide us gives me a sense of security and confidence,' says D Satya Narayana Murthy about his father.
A new Class 9 NCERT textbook describes the judiciary as an "impartial and independent institution" that safeguards citizens' rights and upholds the Constitution, contrasting with a previous Class 8 textbook that sparked controversy over its depiction of judicial corruption. The new textbook was prepared before the Class 8 controversy erupted.
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.
What keeps many people stuck in a push-pull relationship is not happiness, says Counselling Psychologist Arouba Kabir. It is the hope that the version of the relationship they occasionally experience will one day become permanent.
Retail major Trent is embarking on a robust expansion plan, aiming for significant growth through new store additions for Westside and Zudio, diversification into new formats like Samoh and Burnt Toast, and a projected recovery in like-for-like (LFL) growth.
Tata Motors is set to acquire Italy's Iveco Group, a strategic move aimed at propelling the Indian automaker into the top four global commercial vehicle (CV) manufacturers, with projected annual revenues of $35 billion-$40 billion within five years.
Non-banking financial companies (NBFCs) reported encouraging results for Q4FY26 with improved asset quality and earnings, but analysts maintain a cautious near-term outlook due to geopolitical tensions, monsoon risks, and specific portfolio concerns.
Harry Kane struck in the closing stages to rescue England from a shock World Cup exit, sealing a dramatic 2-1 comeback win over DR Congo and a place in the Round of 16, as emotional scenes unfolded in the stands with his family celebrating his match-winning heroics.
'Many relationships break down because people are unable to honestly express what they feel. If someone cannot tell their family they do not want to go ahead with a marriage, the consequences can affect not only them but everyone involved.
Indian companies LTM and Mastek announced new international partnerships for cloud, AI, and digital transformation. Jio BlackRock AMC launched a new hybrid fund. NMIMS partnered with Coursera for AI-enabled learning, and MakeMyTrip Foundation rebuilt a flood-damaged school in Manali.
'While growing up, I saw the world through his eyes and lived countless experiences through his stories,' says Sutapa Chanda who misses her father D K Chanda terribly this Father's Day.
'There's been a sense of FOMO, fear mongering and that has led to token consumption without linkages to ROI and without linkages to outcomes.'
Mahindra & Mahindra (M&M) is expanding its farm equipment strategy beyond tractors to include a wider range of mechanisation solutions like harvesters, balers, seed drills, and telematics-enabled services, aiming to capitalise on the growing demand for rental services by rural entrepreneurs and address low mechanisation levels in Indian agriculture.
Free, customizable "fan bands" have become the unexpected must-have souvenir at the 2026 World Cup, with over 700,000 distributed. Sponsored by Bank of America, these charm wristlets feature subtle branding and have gone viral, even appearing on resale platforms. This marketing strategy offers a counterpoint to the tournament's high ticket and merchandise prices, proving that unique, free items can create significant fan engagement and brand visibility.
"With the leverage available, I believe the scheme remains reasonably attractive," said P D Singh, India and South Asia Chief Executive Officer, Standard Chartered Bank, regarding the Foreign Currency Non-Resident (Bank) or FCNR (B) deposits.
It's absolutely okay for two partners in a relationship to be widely different in their likes and dislikes, says rediffGURU Anu Krishna.
Focus on a few basic topics so that you can solve medium-to-difficult questions on them, suggests MBA expert and rediffGURU Patrick Dsouza.
Eight of India's top-10 most valued firms saw their combined market valuation increase by Rs 1,87,497.45 crore last week, with Bharti Airtel emerging as the largest gainer, reflecting a positive trend in the equities market.
The Union Housing and Urban Affairs Minister's announcement of four 'Namo Cities' aims to decentralise development and decongest Delhi, but experts warn that the initiative may face execution challenges similar to previous urbanisation plans due to inadequate coordination among NCR states.
Chhattisgarh police have seized nearly 2,000 kg of ganja worth Rs 10 crore and arrested two individuals, including an alleged kingpin of an inter-state drug trafficking syndicate. The consignment was intercepted in Balrampur district while being transported from Odisha to Uttar Pradesh. The alleged mastermind was also involved in a previous large-scale drug seizure.
Chhattisgarh police have seized nearly 2,000 kg of ganja worth Rs 10 crore and arrested two individuals, including an alleged kingpin of an inter-state drug trafficking syndicate. The consignment was intercepted in Balrampur district while being transported from Odisha to Uttar Pradesh. The alleged mastermind was also involved in a previous large-scale drug seizure.
An Ivory Coast national has been arrested in Palghar, Maharashtra, by the Anti-Terrorist Cell for possessing 278 grams of cocaine worth Rs 1.39 crore. The accused, N' Guessan Marc Koffi, was apprehended following a raid based on specific intelligence, and police are investigating his potential links to a larger drug trafficking network.
The next-generation missile is expected to be substantially smaller and lighter than the current BrahMos, which weighs around 3 tonnes. The reduction in weight could allow fighter aircraft to carry more missiles per sortie, enhancing combat effectiveness.
Prism, the parent company of OYO, has filed updated draft papers with Sebi for a Rs 6,650 crore initial public offering (IPO) consisting entirely of a fresh issue of shares, with no offer-for-sale component from existing investors.
Do not push your children into situations that leave them feeling trapped or desperate, appeals rediffGURU Anu Krishna.
