Indian benchmark indices, Sensex and Nifty, closed lower on Wednesday, reversing early gains due to profit-taking and weakness in sectors like IT, FMCG, and consumer durables, despite support from lower crude oil prices.
Indian squash players Velavan Senthilkumar and Veer Chotrani have advanced to the semifinals of the Budapest Open, with Senthilkumar notably defeating top seed Eain Yow Ng.
A report by Bain & Company and HealthQuad identifies remote patient monitoring, OT/ICU optimisation, and chronic disease management as key opportunities for Artificial Intelligence in Indian healthcare. The report highlights a shift from experimental AI to real-world applications, driven by government initiatives, increasing EMR adoption, and a robust startup ecosystem. AI's autonomous capabilities are rapidly advancing while costs decrease, creating significant growth potential for providers and startups.
SpaceX and Tesla are jointly investing USD 16.8 billion to construct 'Terafab', an advanced AI semiconductor complex in Grimes County, Texas. This massive facility aims to address the global chip supply shortage, create thousands of jobs, and produce AI chips for Elon Musk's various ventures, including Tesla's robots and SpaceX's orbital data centres. The project is supported by a USD 30 million grant from the Texas government.
Indian equity benchmark indices Sensex and Nifty rebounded sharply in early trade, with the Sensex jumping over 530 points, tracking a broad-based rally in Asian markets after four consecutive days of decline.
The United States has announced a new round of trade measures against Canada, including bans on Canadian dairy, alcoholic beverages, and motorcycles, and reshuffled existing tariffs. This escalation comes after Canada imposed retaliatory tariffs on American goods. The US administration cited Canada's retaliatory actions as the trigger, contrasting it with other nations that chose negotiation over retaliation.
India's Velavan Senthilkumar has advanced to the final of the Budapest Open squash tournament after defeating compatriot Veer Chotrani in the semi-finals. He will now compete against local favourite Balazs Farkas for the title, marking his 15th PSA tour final appearance.
Indian golfer Shubhankar Sharma finished tied 46th at the Nexo Championship in Aberdeen, Scotland, while Scotland's Scott Jamieson secured his second DP World Tour title with a final-round 67, overcoming a penalty to overnight leader Shaun Norris.
Samsung India Electronics has initiated job cuts in its Consumer Electronics (CE) division, laying off 8-10 mid-to-senior-level employees with plans to let go of another 40-50 staff. This move is part of a cost-rationalisation exercise driven by rising input costs, muted consumer demand, and intense competition from rival Korean and Chinese players.
Hollywood actor Brad Pitt believes artificial intelligence could be a boon for mid-budget filmmaking by making visual effects more accessible. However, he expresses caution regarding AI's use in replicating actors' performances and raises concerns about body scanning and digital likeness ownership. Pitt also shared his thoughts on AI-generated music and his upcoming film projects.
Indian benchmark indices, Sensex and Nifty, experienced declines in early trading, primarily due to selling pressure on blue-chip HDFC Bank and ongoing geopolitical uncertainties.
The US military has lost at least 45 MQ-9 Reaper drones during the conflict with Iran, representing a quarter of its fleet and a significant financial blow. These losses, some due to communication failures, raise questions as India recently signed an agreement to procure 31 of these drones.
Gold futures saw a significant rise for the second consecutive day, driven by strong overseas market rallies, increased safe-haven demand due to geopolitical uncertainties, and a weaker US dollar. This surge coincided with the Reserve Bank of India's decision to maintain its repo rate, reflecting a focus on growth amidst global inflation concerns and easing oil prices.
Indian Grandmaster R Praggnanandhaa secured another draw against GM Levon Aronian of the United States in the sixth round of the Sinquefield Cup, keeping him in joint second place with 3.5 points.
Indian benchmark indices, Sensex and Nifty, experienced a sharp decline at the close of trade, with the Sensex dropping 539 points and the Nifty falling below 24,100, primarily due to selling pressure in HDFC Bank and ongoing geopolitical uncertainties.
Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade after a three-day slide, driven by strong buying in blue-chip bank stocks and a firm trend in global markets, supported by easing US bond yields and record foreign-currency deposit inflows.
US Ambassador to India, Sergio Gor, highlighted the evolving US-India space partnership, moving from cooperation to "co-creation" at the Bengaluru Space Expo. He emphasised joint design, funding, and co-authoring the future of human discovery, citing the NISAR satellite and India's participation in the Artemis Accords as key examples of this growing synergy.
Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade after two days of losses, driven by strong buying in blue-chip IT stocks and a rally in global markets.
A World Bank report highlights how Artificial Intelligence-powered weather forecasts have enabled small farmers in Telangana, India, to save up to USD 560 by adapting their farming practices to specific risks. The report, "The Promise of Artificial Intelligence," advocates for developing countries to rapidly adopt small, low-cost AI tools to enhance productivity, improve government services, and avoid missing out on the AI revolution.
Indian esports teams Orangutan and GodLike Esports have successfully qualified for the PUBG Mobile World Cup (PMWC) Grand Finals at the Esports World Cup 2026 in Paris. Both teams secured their spots by finishing in the top five of their respective group stages, and will now compete for a share of the USD 3 million prize pool from August 14 to 16.
The third week of the Esports World Cup 2026 concluded in Paris, seeing Razvan "RvPLegend" Puiu win in EA FC 26, Virtus.pro dominate PUBG: BATTLEGROUNDS, and Team Vision secure the Teamfight Tactics title. The event featured significant prize pools and impacted the Club Championship standings.
A NITI Aayog report outlines India's potential to scale its bioeconomy to USD 691 billion by 2035 and USD 2.6 trillion by 2047, creating over 30 million high-value jobs. The report stresses the need for coordinated national execution, regulatory reforms, a strengthened talent pipeline, and a significant BioEconomy Growth Fund to achieve this vision, positioning India among the top biotechnology powers globally.
Indian golfers Diksha Dagar, Aditi Ashok, Avani Prashanth, and Pranavi Urs are set to compete in the USD 2 million PIF London Championship on the Ladies European Tour. Diksha seeks her third LET title, while Aditi aims for improved results. The tournament, hosted at Centurion Club, features a strong international field including world No. 6 Charley Hull.
Indian badminton stars Satwiksairaj Rankireddy and Chirag Shetty clinched the China Masters Super 750 title, overcoming a strong Chinese pair in a thrilling comeback. This victory, their second of the 2026 season, provides a significant confidence boost ahead of the Asian Games, where they plan to play "all guns blazing." The duo attributed their success to a "mindfully aggressive" strategy and improved service.
Indian squash player Sanya Vats was defeated by Australia's Rachael Grinham in a closely contested five-game semifinal match at the Bendigo Open, a PSA Challenger event. Vats, the top seed, had previously advanced by beating England's Zoe Tanner in the quarterfinals.
Jio Platforms Ltd, the digital services arm of Reliance Industries, has secured Sebi's final observation to launch an initial public offering (IPO) aiming to raise approximately USD 4 billion (Rs 37,700 crore), potentially making it the largest IPO in India's history.
The Indian rupee plummeted to a new all-time closing low of 95.81 against the US dollar, driven by surging crude oil prices, persistent inflation concerns, and a strengthening dollar index.
Indian benchmark indices Sensex and Nifty closed lower, with the Sensex dropping 388 points and Nifty declining 112 points, as a sharp rally in crude oil prices, driven by geopolitical uncertainties and concerns over the Strait of Hormuz, dampened investor sentiment and reignited inflation fears.
A devastating flood in Baireni, Nepal, transformed a school playground into a sea of sand and buried classrooms under sludge. Timely warnings from teachers, prompted by an upstream guardian, allowed 400 students to evacuate safely just before the flood hit. The school remains closed, covered in debris, while UNICEF estimates 17,000 children need humanitarian aid following the floods that killed over 900 people.
The Indian rupee plummeted to an all-time low of 95.80 against the US dollar, settling at 95.66, driven by elevated crude oil prices and escalating geopolitical tensions in West Asia, despite potential RBI intervention and import curbs on gold.
Global semiconductor giant AMD projects the overall market for compute infrastructure, driven by artificial intelligence, to reach USD 2 trillion by 2030 from USD 365 billion in 2025. The company unveiled new products and its Helios AI infrastructure, emphasising an open ecosystem and significant performance gains over competitors, with India playing a key role in its global rollout.
Global semiconductor giant AMD projects the overall market for compute infrastructure, driven by artificial intelligence, to reach USD 2 trillion by 2030 from USD 365 billion in 2025. The company unveiled new products and its Helios AI infrastructure, emphasising an open ecosystem and significant performance gains over competitors, with India playing a key role in its global rollout.
Sashidhar Jagdishan, the managing director and chief executive of HDFC Bank, has opted out of being considered for reappointment after his current term ends on October 26, choosing to retire after nearly three decades with the lender.
Australian golf sensation Min Woo Lee, a winner on both the DP World Tour and PGA Tour, is set to make his debut at the DP World India Championship in October. He will join an impressive lineup of international stars, including Tommy Fleetwood, Rory McIlroy, and Ryan Fox, at the Delhi Golf Club for the USD 4 million tournament, which also features top Indian golfers.
Indian benchmark indices, Sensex and Nifty, experienced declines in early trade, primarily due to a surge in crude oil prices and a retreat in Wall Street, as investors reduced exposure to risk assets amidst geopolitical uncertainty. Track Sensex, Nifty on August 7, 2026.
Trade negotiations between the United States and Canada have collapsed, leading to the US imposing 50% tariffs on nearly $28 billion worth of Canadian imports, with Canada immediately vowing to retaliate dollar-for-dollar.
The all-new, globally first YZF-R2 is priced from Rs 2,30,500 (ex-showroom, Delhi).
An NRI couple from Vadodara, Kinnari and Mihir Patel, who travelled to Nepal from New Zealand, have gone missing after devastating flash floods hit the region, prompting their family to appeal to the government for swift rescue action.
Indian shuttlers Devika Sihag and HS Prannoy faced early exits on the opening day of the USD 2,000,000 China Masters. Devika fought hard in a three-game match, while Prannoy suffered a straight-game defeat. PV Sindhu, Lakshya Sen, and Ayush Shetty are set to play on Wednesday.
Trai Chairman Anil Kumar Lahoti highlighted the transformative role of satellite communications in expanding seamless connectivity across India, especially in remote areas. He noted that India's space economy is projected to grow significantly, driven by satcom technology that will bridge the digital divide, provide resilient infrastructure during disasters, and support strategic sectors.
