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.
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).
Adani Group Chairman Gautam Adani announced a capital expenditure programme of over 2 trillion for Adani Power, aiming for 45 gigawatts (Gw) capacity in five years, including a significant entry into nuclear power with a target of 10 Gw by 2035 through Adani Atomic Energy.
A recent survey reveals that Artificial Intelligence is becoming a central focus in human resource management, with a majority of professionals identifying it as a top priority for improving efficiency, reducing costs, and optimising workforce planning across various HR functions.
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).
Jio Platforms managing director Akash Ambani announced plans for Jio to develop a sovereign Low Earth Orbit (LEO) satellite constellation and partner with global providers to extend connectivity to remote areas of India, aiming to strengthen India's self-reliance in space.
Instant messaging platform Telegram has been restored in India after a week-long government ban, imposed due to its alleged role in circulating leaked NEET examination papers, expired. The Delhi High Court had upheld the ban as lawful and necessary.
The Delhi High Court has asked the Centre to respond to Telegram's petition challenging a temporary government order that restricts access to its platform and disables message-editing features in India, citing concerns over potential cheating during the NEET-UG 2026 re-examination.
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.
Tata Consultancy Services (TCS) has announced a global partnership with AI major Anthropic to help enterprises accelerate their adoption of artificial intelligence, including equipping 50,000 TCS employees with Anthropic's Claude AI models.
India's National Anti-Doping Agency (NADA) has issued a second three-year suspension to sprinter Shashikesh Kumar for competing while already banned. Several other track and field athletes, weightlifters, and wrestlers have also received bans ranging from one to five years for doping violations.
The Centre on Thursday informed the Delhi high court that the Telegram messaging app was being exploited for illegal activities ranging from cybercrime and financial frauds to terrorism and circulation of leaked examination papers.
Telegram CEO Pavel Durov has accused Reliance Group, which has a partial Meta stake, of lobbying for a ban on Telegram in India and sabotaging its access for users outside India through BGP hijacking. A senior telecom industry source dismissed these claims as 'fake news,' stating Durov confused Reliance Communications with Reliance Industries Ltd. The allegations come as the Indian government has ordered Google and Apple to delist Telegram temporarily and disable its message-editing feature in India due to concerns over paper leaks in the NEET-UG examination.
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.
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.
India and the United States have reviewed progress on a proposed interim bilateral trade agreement, discussing market access, digital trade, and non-tariff barriers, as they race to finalise a deal before a temporary 10 per cent US tariff regime expires on July 24.
India significantly increased its crude oil imports from Russia and the United Arab Emirates in June, securing supplies as the Strait of Hormuz began to reopen, with Russian barrels remaining attractive due to discounts and UAE supplies offsetting earlier uncertainties.
A potential US-Iran peace deal, expected to be signed on June 19, is anticipated to ease geopolitical stress and benefit various sectors, particularly in India, with analysts suggesting investors await finer details before making significant moves.
The Delhi High Court has upheld the Indian government's decision to temporarily restrict access to Telegram, citing the messaging app's capacity for 'automated dissemination' of large content, which could facilitate misinformation during the crucial NEET-UG retest.
Tata Consultancy Services (TCS) will make an additional provision of USD 70 million in Q1 FY2027, bringing its total provision to USD 220 million, after the US Supreme Court declined to review a lower court ruling in a trade secrets dispute with Computer Sciences Corporation (now DXC Technology).
Anthropic has labelled the US government's directive to suspend its Fable 5 and Mythos 5 AI models as a "misunderstanding" and is actively working to restore access, warning that the current standard for narrow jailbreak findings could "essentially halt all new model deployments for all frontier model providers."
Crude oil prices are projected to fall significantly this year, driven by hopes of a peace deal between the US and Iran, which could lead to the reopening of the Strait of Hormuz, and a notable drop in Chinese demand for seaborne crude imports.
Google has removed the messaging app Telegram from its Play Store in India, with Apple expected to follow, in compliance with a government order aimed at preventing paper leaks during the upcoming NEET-UG re-examination on June 21. The government has also directed Telegram to temporarily disable its message-editing feature until June 30.
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.
The International Chess Federation (FIDE) has suspended Russia's membership for up to three years due to its failure to comply with a ruling to stop holding events in Russian-controlled Ukrainian territories. This decision follows Russia's continued organisation of chess events in annexed regions, violating a Court of Arbitration for Sport order.
A recently finalised peace deal between the US and Iran, set to be signed on June 19, is expected to significantly benefit India's economy by boosting exports to West Asia, stabilising the rupee, and easing inflationary pressures, according to exporters and experts.
India's foreign exchange reserves saw a significant drop of USD 7.511 billion, settling at USD 681.384 billion for the week ending May 22, as the Reserve Bank of India intervened in the forex market due to rupee pressure and the lingering effects of the Middle East conflict.
India's foreign exchange reserves saw a significant drop of USD 8.094 billion, settling at USD 688.894 billion for the week ending May 15, as the Reserve Bank of India intervened in the forex market and global events like the Middle East conflict impacted the rupee.
The National Commission for Women (NCW) has directed Tata Consultancy Services (TCS) to establish separate internal committees in all its 127 units with 10 or more employees within four weeks to strengthen compliance with the Prevention of Sexual Harassment (PoSH) Act, following concerns raised in the TCS Nashik case.
The Reserve Bank of India (RBI) reported a significant 52 per cent year-on-year increase in gains from foreign exchange transactions, reaching 1.69 trillion in FY26. This surge occurred despite the central bank selling a gross $195 billion in the spot market to manage rupee volatility, which saw a 9.85 per cent depreciation.
The global artificial intelligence (AI) boom has significantly reshaped equity markets, with Taiwan surpassing India to become the world's fifth-largest stock market. India has seen its market capitalisation decline by 7% year-to-date, while AI-linked economies like Taiwan and South Korea have surged.
'Wipro's challenge is not lack of ideas. In fact, some of its recent structural moves are arguably bolder than peers.' 'The problem is proving it can operationalise these bets faster and more consistently.'
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.
India will continue to purchase Russian oil based on commercial viability and energy security needs, irrespective of US sanctions waivers, according to a senior petroleum ministry official.
India has emerged as the largest global market for Nestle's iconic KitKat chocolate-coated wafer bar, surpassing other nations due to strong consumer penetration, product innovation, and aggressive marketing investments.
India will allow Pakistan athletes and teams to compete in international events hosted in the country, but bilateral sporting ties between the neighbours remain suspended.
India's foreign exchange reserves saw a significant drop of USD 7.794 billion, settling at USD 690.693 billion for the week ending May 1, as reported by the RBI, reflecting the impact of global events and central bank interventions.
Proposed amendments to the National Anti-Doping Act in India could significantly alter enforcement procedures, granting officers greater authority to search and detain individuals suspected of involvement with banned substances.
Commerce and Industry Minister Piyush Goyal announced that a US team is expected to visit India next month for trade talks, following an earlier Indian delegation's visit to Washington, DC, in April to finalise an interim pact and advance negotiations for a broader bilateral trade agreement.
