India's foreign exchange reserves decreased by $4.92 billion to $780.78 billion for the week ending September 11, primarily due to a reduction in foreign currency assets and gold reserves, as per the latest RBI data.
HCLTech has launched 'HCLTech Pulse', a new business unit designed to help enterprises with annual revenues between USD 500 million and USD 5 billion accelerate their adoption of artificial intelligence and modernise their technology infrastructure, targeting a USD 400 billion global market opportunity.
Google has chosen four Indian startups -- Terrastack, Varaha Climate, Farmers for Forests, and Climitra Carbon -- for its inaugural Google DeepMind Accelerator: AI for the Planet programme.
National Anti-Doping Agency (NADA) Director-General Anant Kumar highlighted the need for a collective effort from all stakeholders in the Indian sports ecosystem to reduce doping incidents. He made these remarks during a National Roundtable on Doping Prevention in Sports, which discussed various factors contributing to doping and strategies for prevention.
Senior executives from Meta, the parent company of Facebook, Instagram, and WhatsApp, appeared before India's child rights body, NCPCR, for questioning regarding alleged advertisements promoting child sexual exploitative and abuse material (CSEAM) on its platforms. This follows a BBC report and a stern notice from the Ministry of Electronics and Information Technology (MeitY) to Meta over the issue.
India's largest IT firm, TCS, has received threat-intelligence alerts regarding a potential leak of 'basic' employee data, but the company asserts there is no indication of customer data or operational systems being affected.
India's foreign exchange reserves have surged by $12.42 billion, reaching a new all-time high of $729.33 billion for the week ended August 21, driven by increases in foreign currency assets and gold reserves.
Econz IT Services, in partnership with Google Cloud, has launched Bengaluru's first Gemini Enterprise Experience Centre. This centre provides an immersive environment for businesses to develop and deploy advanced Agentic AI solutions, marking a significant step in enterprise AI innovation in the region.
Wipro has announced an expanded partnership with Google Cloud to accelerate the adoption of Gemini Enterprise and agentic AI. The IT company plans to create a workforce of 10,000 AI-certified specialists, including 1,500 forward-deployed engineers, to work on new Google Gemini-based solutions for enterprises, enhancing productivity and streamlining operations.
India's foreign exchange reserves increased by $9.9 billion to $716.9 billion for the week ended August 14, as reported by the Reserve Bank of India (RBI). This surge follows a previous jump of $14.14 billion in the week prior, indicating a robust recovery after a period of decline earlier this year.
India's foreign exchange reserves saw one of their largest weekly expansions, surging by USD 14.136 billion to reach USD 707.002 billion during the week ended August 7, according to the Reserve Bank of India.
The Reserve Bank of India's concessional swap facility, designed to boost foreign currency inflows, has successfully attracted USD 40.82 billion by July 31, 2026, with a significant portion coming from Foreign Currency Non-Resident (Bank) deposits.
India's foreign exchange reserves saw a significant increase of $10.512 billion, reaching $692.866 billion for the week ending July 31, driven by a rise in foreign currency assets and gold reserves.
India's IT services industry is witnessing a surge in mergers and acquisitions, particularly among mid-cap companies, as AI-led pricing pressure and macroeconomic uncertainty compel firms to seek scale, capabilities, and broader market reach. This trend is exemplified by the recent merger of Happiest Minds Technologies and ITC Infotech, aiming to offer end-to-end solutions and compete for larger transformation programmes.
Instant messaging app WhatsApp temporarily put multiple accounts, including those in India, "under review" for 24 hours, blocking all app features. This disruption prompted numerous affected users to voice their concerns on social media, while a WhatsApp spokesperson acknowledged the issue, stating they are working to resolve it quickly.
A LinkedIn post by Pooja Sahu, detailing her husband Sourabh's sudden layoff from Oracle after 12 years of dedicated service, including working through holidays and even from a hospital, has gone viral, capturing the emotional toll of the tech giant's latest job cuts.
Tata Consultancy Services (TCS) and Google Cloud have inaugurated a new Gemini Experience Center (GEC) in Mexico City. This facility, the second in Latin America and ninth globally for TCS, is equipped with over 3,000 AI agents and aims to drive industry-specific AI solutions across various sectors. It will help organisations bridge the gap between AI experimentation and implementation, enhancing innovation and data-driven decision-making in the region.
India's foreign exchange reserves saw an increase of USD 963 million, reaching USD 672.587 billion for the week ending June 19, as reported by the RBI. This rise follows a previous week's drop. While foreign currency assets decreased, the value of gold reserves significantly increased, contributing to the overall growth.
FIFA has announced it will proceed with its consultation process to bring private investment into the World Cup and other tournaments, despite strong opposition and a boycott threat from UEFA. The plan involves creating a $20 billion subsidiary, FIFA Forward Enterprise, to manage commercial and event operations, offering external investors up to 20% stakes.
India's foreign exchange reserves increased by USD 1.08 billion to USD 676.237 billion for the week ended July 17, primarily due to a significant rise in foreign currency assets, despite a drop in gold reserves.
India's largest IT services company, TCS, announced a 4.61 per cent increase in its net profit to Rs 13,349 crore for the June 2026 quarter, with revenues climbing nearly 14 per cent year-on-year.
A think tank, GTRI, has urged India to resist US pressure regarding its UPI policies, advocating for the defence of competition, policy autonomy, and the long-term sustainability of its payments ecosystem. This comes as the Lok Sabha passed a bill allowing charges on UPI transactions, a move GTRI suggests should not be influenced by foreign trade complaints.
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).
'If crude remains above $100 per barrel, with restricted retail-price increases, OMCs could face negative petrol and diesel marketing margins, higher LPG under-recoveries, higher crude-landing, freight and insurance costs, working capital and debt accumulation and inventory losses if crude subsequently corrects sharply.'
The move comes amid growing demand from organisations in India for local access to Claude.
The Wrestling Federation of India (WFI) has issued a strict anti-doping advisory after several Indian wrestlers, including two Asian Games selections, were implicated in doping and whereabouts violations. The cases, involving substances like Mephentermine and Stanozolol, have led to exclusions from major competitions and highlight a lack of awareness among athletes regarding anti-doping rules and personal responsibility.
India's foreign exchange reserves increased by USD 7.26 billion to USD 674.193 billion for the week ending July 3, as reported by the Reserve Bank of India. This surge follows a previous week's drop and comes after Prime Minister Narendra Modi's appeals to conserve forex.
The Madhya Pradesh High Court has deemed WhatsApp messages sent by a deceased tribal man to his father as a "prima facie crucial dying declaration" in a suicide abetment case. This ruling led to the denial of bail for three accused individuals, who were allegedly involved in harassing the victim over an agricultural land dispute. The court highlighted the electronic evidence and corroborating family statements.
India's foreign exchange reserves decreased by $711 million to $681.61 billion for the week ending June 5, primarily driven by a significant reduction in foreign currency assets, according to the Reserve Bank of India (RBI).
India's foreign exchange reserves saw a significant drop of USD 5.654 billion, settling at USD 666.933 billion for the week ending June 26, following interventions by the RBI and public appeals by Prime Minister Narendra Modi to conserve forex.
IT major Wipro reported a nearly flat consolidated net profit of Rs 3,352 crore in the April-June quarter of FY27, a marginal increase from Rs 3,330.4 crore in the year-ago period, while revenue from operations grew 10.6 per cent to Rs 24,478.6 crore.
Indian IT companies are experiencing a growing trend towards outcome-based pricing models, moving away from traditional time and material or fixed-price contracts, as artificial intelligence reshapes client engagement and deal structures.
A working paper by the Economic Advisory Council to the Prime Minister (EAC-PM) reveals a continuous decline in the rate at which foreign-owned firms invest in fixed assets in India since the FY20 peak, contrasting with a steady increase from Indian business groups.
Tata Consultancy Services (TCS) has announced a five-year strategic deal with German automaker Porsche AG worth 1.25 billion (nearly 14,000 crore), which includes the acquisition of Porsche's wholly-owned subsidiary MHP Management- und IT-Beratung GmbH for 320 million (around 3,574 crore). This move is set to significantly expand TCS's consulting footprint in Germany and the broader European market, giving it access to MHP's customer base and specialised talent.
Crude oil futures surged over 3 per cent, snapping a three-session losing streak, as renewed military escalation in West Asia revived fears of supply disruptions, driving prices higher on both domestic and international exchanges.
Indian crypto exchanges and companies have expressed strong support for the Central Board of Direct Taxes' (CBDT) new Crypto Asset Reporting Framework (CARF), which mandates reporting and due-diligence obligations for crypto service providers on all transactions starting 2026.
India is projected to attract between $80 and $85 billion through the Reserve Bank of India's (RBI) concessional swap facility, designed to boost foreign currency inflows, according to an SBI research report.
FMCG giant Nestle India reported a significant 48.26 per cent year-on-year increase in consolidated net profit, reaching Rs 958.68 crore in the June quarter of this financial year, driven by strong volume growth and consumer trust.
Google Cloud services in major Indian cities, including Delhi, Mumbai, and Chennai, are experiencing network disruptions and elevated latency following a fire at a third-party data centre facility in the national capital, which necessitated an emergency power shutdown.
Google Cloud services in major Indian cities like Delhi, Mumbai, and Chennai are experiencing network disruptions and elevated latency due to a fire at a third-party data centre in Delhi. The incident led to an emergency power shutdown, reducing network capacity and causing intermittent latency spikes despite Google's efforts to reroute traffic. The company is investigating further mitigations to restore full service.
