Indian IT services firms are expected to report a soft Q1 FY27 performance due to a challenging macro environment, the impact of AI, and geopolitical uncertainties, leading to reduced discretionary spending and slower decision-making cycles, according to Motilal Oswal Financial Services.
NeoGeoInfo Technologies, a spatial intelligence solutions provider, has secured a Series A investment of approximately USD 20 million from Neev II Fund and Aavishkaar Capital. This funding will fuel the company's R&D, expand its international presence in the Middle East and Americas, and strengthen its team for complex projects.
E-commerce major Flipkart has announced significant appointments to its technology leadership team, bringing in experts in artificial intelligence, data science, fintech, and core engineering. These strategic hires, including Goda Ramkumar, Mohan Palisetti, and Nitesh Jain, are aimed at strengthening Flipkart's capabilities in these critical areas to better serve India's expanding digital consumer and seller base.
E-commerce major Flipkart has announced significant appointments to its technology leadership team, bringing in experts in artificial intelligence, data science, fintech, and core engineering. These strategic hires, including Goda Ramkumar, Mohan Palisetti, and Nitesh Jain, are aimed at strengthening Flipkart's capabilities in these critical areas to better serve India's expanding digital consumer and seller base.
Tata Consultancy Services (TCS) Chairman N Chandrasekaran announced that the company anticipates having as many artificial intelligence (AI) agents as its human workforce, currently half a million, while assuring that no staff downsizing is planned.
'... that work is done. The task is to reallocate what has been built, with the courage of a founder and the discipline of an owner.'
An industry-led AI curriculum taskforce has recommended shifting the present lecture-based teaching system for technical education to learning from real industry use cases and enhancing practical exposure of students.
The draft regulations for use of AI in courts 'shall apply to the use, deployment, or integration of AI in any judicial, adjudicatory or administrative function of the Supreme Court of India, high courts, and all courts including the Tribunals and statutory Commissions performing adjudicatory functions, within the territory of India'.
A new report by FICCI, BCG, and IBA outlines that India's banking sector must grow significantly faster than nominal GDP to support a USD 30 trillion economy by 2047, requiring banking assets of USD 45 trillion. The report highlights the sector's current strength, challenges in digitisation, and the need to enhance resilience against fraud and cyber threats, proposing a 13-point agenda for stakeholders.
Broadband technology firm GX Group is set to commence manufacturing operations at its advanced photonics facility in India from December, investing Rs 500 crore. This initiative aims to strengthen domestic manufacturing, create skilled jobs, and reduce dependence on imported optical components crucial for high-speed data networks and AI data centres.
Humanoid machines boxed, danced and tackled everyday tasks at the 2026 World Robot Conference in Beijing.
The 42-year-old, who has had stints at Microsoft, Facebook and Twitter, made the announcement of leaving his role as Senior Policy Advisor for Artificial Intelligence in a post on X on Saturday.
Indian government agencies and private sector firms have secured access to Anthropic's advanced AI model, Mythos, through Project Glasswing. This initiative aims to enhance cybersecurity by identifying software vulnerabilities in critical infrastructure. Anthropic has also urged a moderated pace of AI development due to potential societal risks.
Sarvam AI, an Indian full-stack sovereign artificial intelligence company, has achieved unicorn status after raising $234 million in a Series B funding round led by HCLTech and Bessemer Venture Partners, with HCLTech acquiring a 10.46 per cent stake.
Cars24 has announced the launch of its AI Labs, backed by a USD 20 million investment, to foster AI innovation and support startups in the field.
BIT Mesra has launched 'HimClimX', an AI-powered platform designed for Himalayan climate intelligence and visualisation. It integrates over a century of climate data to offer trend analysis, anomaly detection, spatial visualisation, impact assessment, and AI-driven forecasting for the Himalayan region.
The India Under-20 men's football team secured a 1-0 victory over Yemen in their second friendly match in Bengaluru. Gunleiba Wangkheirakpam scored the decisive goal. This win comes as the Blue Colts prepare for the upcoming AFC U20 Asian Cup China 2027 Qualifiers in Uzbekistan, scheduled from August 31 to September 6.
Union Minister Ashwini Vaishnaw indicates India may require a new legal framework for Artificial Intelligence, as the current IT law predates AI's rapid emergence. The government aims to balance innovation with regulation, engaging with the industry to ensure citizen safety while fostering technological growth.
A delegation of Indian startup founders and leaders visited the UK to explore collaborations in artificial intelligence and technology, aiming to strengthen the India-UK innovation corridor.
The Indian men's hockey team lost 1-3 to Olympic champions the Netherlands in a critical second-round match of the FIH World Cup in Amstelveen. The Netherlands scored three field goals in the second half, while India's sole goal came from a Harmanpreet Singh penalty corner.
Oracle has partnered with the Uttar Pradesh State Skill Development Mission (UPSDM) to provide free digital skills training in AI, cloud, cybersecurity, and data science to 300,000 students and professionals by 2029, aiming to enhance employability and build a future-ready workforce.
A technology institute in Indore has developed an 'AI Yoga Coach' that can distinguish between correct and incorrect yoga postures and provide real-time guidance to practitioners.
The government's e-marketplace platform, GeM, is significantly enhancing public procurement through the integration of AI, advanced analytics, and digital monitoring systems. This strategic adoption has led to substantial savings for the exchequer and improved transparency, while also playing a crucial role in health sector procurement.
Perplexity CEO Aravind Srinivas unveiled the company's vision for AI operating systems at COMPUTEX 2026, highlighting Perplexity Computer's ability to coordinate multiple AI models and balance performance with privacy and cost. He emphasised the growing trend of hybrid AI, combining local device processing with data centre capabilities, and acknowledged Intel's partnership.
Delhi Police have arrested Sourav, a 30-year-old man, for allegedly using AI-generated morphed images to blackmail young women and extort money. He would pose as a job provider, obtain resumes, and then manipulate screenshots from video calls to create obscene images for extortion. The arrest followed a complaint from a 19-year-old victim who was repeatedly blackmailed.
Arunachal Pradesh Chief Minister Pema Khandu highlighted that the success of UPI, which handles nearly half of the world's real-time digital transactions, stems from a collaborative ecosystem including financial inclusion, digital identity, and affordable internet. He attributed this digital payments revolution to the vision of PM Narendra Modi.
The Indian IT Ministry has engaged in 'hard talk' with Meta regarding child sexual abuse material (CSAM), leading to increased sensitivity and action from the tech giant. The government asserts that Indian laws must be followed and social media harms mitigated, with no safe harbour for violations. Discussions also covered AI labelling and the WhatsApp username issue, highlighting a global concern over social media harms.
The ACSEL Technology Forum, a Karnataka government Centre of Excellence in AI, has launched Tathyakosh.in, a digital public good designed to make India's extensive public data more accessible. This platform consolidates over 1.5 million datasets from 458 sources, addressing the challenge of fragmented data discovery across various government and research portals. It aims to benefit researchers, startups, and technology teams in sectors like healthcare, agriculture, and financial inclusion by providing a structured and discoverable data infrastructure.
'...as we believe with the adoption of AI, our IT services companies' revenue models will have to undergo a reset, which may in turn impact their potential for earnings growth.'
A senior Microsoft executive says India is uniquely positioned to lead the next phase of global AI deployment, driven by a massive developer base, rapid enterprise adoption, and robust digital public infrastructure.
Indian badminton pair Treesa Jolly and Gayatri Gopichand secured a historic bronze medal at the World Championships after a hard-fought loss to world No. 1 Chinese duo Liu Sheng Shu and Tan Ning in the women's doubles semifinals. This marks India's first women's doubles medal at the BWF World Championships since 2011.
The Consumer Affairs Ministry is developing machine-readable SMART standards using AI to reduce industry compliance burden. This initiative aims to modernise India's standards ecosystem, with the Bureau of Indian Standards transitioning from a regulator to a facilitator, promoting private sector testing and faster processes.
Chief Justice of India Surya Kant stated that the Supreme Court views technology as an aid to human reasoning, not a replacement, and emphasised developing "Swadeshi Jurisprudence" tailored to India's unique conditions. He highlighted efforts to create an indigenous AI ecosystem for the judiciary and stressed that AI cannot substitute human judgment, empathy, or ethical discernment.
'It could be in IT, it could be in administration, it could be in legal, it could be in technical services, but entry level jobs are rapidly disappearing because AI is taking them over.' 'So, the big question what would happen if the bottom rung of the ladder is removed?'
The Indian women's wrestling contingent achieved significant success at the U-20 World Wrestling Championship in Bratislava, securing three medals. Mansi Lather earned a silver medal in the 68kg category, while Tanvi Magdum (57kg) and Komal (59kg) each contributed with bronze medals, showcasing India's growing prowess in junior wrestling.
The India Junior International Grand Prix badminton tournament is set to begin in Pune, featuring 304 players from nine countries, including top junior talents like Dev Ruparelia. The event, organised by the Poona District Metropolitan Badminton Association, offers a total prize money of USD 15,000 and concludes on August 30.
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.
The White House has launched a major crackdown on the 'Great Transhipment Scam', accusing India and over 40 other nations of helping Chinese exporters bypass US tariffs by misrepresenting the origin of goods. The US plans to use AI-driven monitoring and anti-transhipment clauses in future trade agreements to strengthen enforcement.
AG.AL has been crowned the Esports World Cup 2026 Club Champion, winning a USD 7 million prize from a record-breaking USD 75 million total pool. Their victory was secured after a dramatic win in Trackmania, capping a seven-week competition.
The ICC Player Protection Programme, in partnership with AI moderator Freedom2hear, is actively shielding women cricketers from social media abuse. Over 100 players, including India's Radha Yadav and England's Amy Jones, have joined the initiative, which has already removed nearly 60,000 harmful comments during the ongoing T20 World Cup, ensuring player well-being and confident fan engagement.
