Finance Minister Nirmala Sitharaman met with bank heads to discuss risks related to Artificial Intelligence (AI) following global concerns over Anthropic's Mythos model threatening data security of financial systems.
Housing sales fell 6 per cent in April-June to 90,715 units across seven major cities on subdued demand amid economic uncertainties and also rising home prices, according to Anarock data released on Monday. As many as 96,285 units were sold in the year-ago period across the top seven cities -- Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune, Bengaluru, Hyderabad, Chennai and Kolkata.
It, however, conceded that 20 per cent blending of ethanol with petrol leads to 3-5 per cent lower mileage in vehicles than conventional petrol, but said the blend offers a significantly higher octane rating, superior anti-knock properties, faster combustion, better pickup, smoother acceleration, and cleaner engine operation.
Amazon CEO Andy Jassy announced an additional USD 13 billion investment in India, bringing the company's total capital commitment to USD 48 billion by 2030. This significant investment will primarily focus on expanding AI and cloud infrastructure, supporting job creation, boosting e-commerce exports, and digitising small businesses, aligning with India's growing digital economy.
Karnataka Chief Minister D K Shivakumar announced the establishment of India's first government-driven Artificial Intelligence University and an AI Hub in Bengaluru. This initiative aims to position Karnataka as a global leader in responsible AI innovation, fostering talent, research, and collaboration. The state seeks to become an AI-native state, leveraging AI to improve governance and daily life across various sectors.
The Department of Telecommunications (DoT) has introduced a new authorisation regime, replacing multiple licences with a single permission for principal telecom services, aiming to simplify compliance and accommodate evolving technologies. This move is expected to ease business operations, enhance fraud prevention with AI, and expand connectivity, especially through satellite networks.
Despite decades of efforts towards energy transition, oil will remain the critical energy source for all nations for some decades. We can hope for peace opening the Strait of Hormuz, but must prepare for war closing it, points out former foreign secretary Ranjan Mathai.
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.
Pakistan's Defence Minister Khawaja Asif has issued a war threat against India, citing water security as a national concern. This comes as Pakistan grapples with a severe internal water crisis, attributed by experts to mismanagement, and India maintains its suspension of the Indus Waters Treaty following a terror attack. Asif accused India of "weaponising water" but admitted to lacking current data on the situation.
New capital exposure norms implemented by the Reserve Bank of India (RBI) from July 1 have led to a noticeable drop in trading volumes, with Multi-Commodity Exchange (MCX) options premium ADTV falling by nearly 40 per cent in early July.
'The Indian private space sector is no longer a high-risk bet; it is a highly bankable, globally competitive asset class capable of easing the global small satellite launch bottleneck.'
Azim Premji's private investment firm, Premji Invest, has quietly built a formidable portfolio of 11 AI startups, primarily in the US, with a combined valuation of $43 billion. The firm has participated in 19 funding rounds since 2021, with a notable focus on US-based companies, many of which were founded by Indian entrepreneurs.
Avoid builders with very large commitments.
Indian companies' overseas expansion plans are holding strong despite geopolitical tensions in West Asia, driven by structural factors like supply-chain diversification, free trade agreements, and market expansion, according to Ajay Sharma, managing director and head of banking at HSBC India.
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.
Nvidia CEO Jensen Huang has publicly endorsed Marvell Technology as a potential 'trillion-dollar company,' citing its crucial role in developing advanced connectivity solutions for next-generation artificial intelligence infrastructure. This endorsement, made at Computex 2026, follows a significant Nvidia investment in Marvell and highlights the industry's shift towards optical interconnects to meet the demands of large-scale AI systems.
The remarkable rise of smallcaps reflects the emergence of a broad set of specialised businesses operating in industries where the sectoral tailwinds remain considerably stronger than macroeconomic headwinds, points out Debashis Basu.
'The system is now under the CBSE's control with cybersecurity professionals and IIT officials overseeing it.'
Aurionpro Solutions has secured a multi-year contract worth approximately Rs 350 crore to develop a large, AI-ready green data centre in southern India for a hyperscale operator.
Delhi Lieutenant Governor Taranjit Singh Sandhu highlighted the transformative potential of artificial intelligence in enhancing urban governance. He stressed that AI can address complex administrative challenges, improve efficiency in areas like traffic management and environmental monitoring, and shift governance towards an intelligence-driven model, provided it is human-centric and reflects India's diverse context.
Reliance Industries Ltd reported a 22 per cent year-on-year decline in consolidated net profit for the June quarter, primarily because the previous year's earnings were inflated by a one-time gain from the sale of its stake in Asian Paints.
IIT Ropar's ANNAM.AI, in collaboration with Syngenta and Google, has launched 'HACK CORE 2026', a national AI hackathon. It invites innovators to develop AI-driven solutions for critical agricultural challenges like crop health, pest management, and climate-resilient farming, offering significant prizes and mentorship.
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.
Indian wedding bookings to Sri Lanka are projected to grow 20-25 per cent annually over the next few years.
Wipro has launched its AI-Data Centre solution, integrating NVIDIA's AI Enterprise platform, to accelerate enterprise-scale AI adoption and modernise data centre environments.
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.
Mumbai experienced over 100 mm of rainfall in 24 hours, leading to significant waterlogging in areas like the Andheri subway and causing traffic diversions. Suburban train services faced delays, and a snapped overhead wire disrupted Harbour line operations. Various parts of the city, including eastern and western suburbs and the island city, recorded heavy downpours.
''When these agents are deployed at enterprise-grade scale, your risk will not just amplify, it will mutate.' 'And the reason is because you will have ungoverned agents.'
A new study projects that by 2100, only 38% of the world's population will reside in large cities, a significant reduction from previous estimates. This revised projection is based on a newly discovered urban life cycle, where the growth rate of large cities slows down as countries become more urbanised, contrasting with the rapid growth seen in less urbanised regions. The research highlights the importance of understanding these dynamics for future infrastructure and climate adaptation planning.
India's electric vehicle market is experiencing an unprecedented boom with a 37 per cent increase in new entrants, driven by supportive policies and infrastructure.
Clearances include next-gen air defence, anti-tank missiles, anti-drone systems, loitering munitions, and naval UAVs.
Apple has increased the starting prices of MacBook and iPad models by 20-42 per cent compared to their launch prices across the globe, including India, mainly due to higher memory chip costs. The new price list on Apple India's website shows that the company has increased the price of the MacBook Pro built on the M5 series chip by about 20 per cent.
Foreign investors have largely been exiting one part of the market while domestic investors have been enthusiastically accumulating another, points out Debashis Basu.
Chennai-based Agnikul Cosmos plans to launch a prototype AI data centre in orbit by the end of this year, aiming for commercial viability by 2027, according to co-founder Srinath Ravichandran.
'The government has to act as one unit since the threat from these newer models will soon scale up.'
The Registrar General and Census Commissioner of India, Mritunjay Kumar Narayan, has reassured the public that individual data collected during the upcoming census will remain confidential and cannot be used for any purpose other than statistical aggregation.
Adani group on Tuesday announced a $100 billion investment to develop hyperscale, artificial intelligence (AI)-ready data centres powered by renewable energy by 2035. The initiative is expected to catalyse an extra $150 billion in investment across server manufacturing, electrical infrastructure, Cloud platforms, and supporting industries over the next decade.
The Jammu Municipal Corporation has launched an integrated system combining AI-based road monitoring with cold emulsion pothole patching machines. This initiative aims to ensure timely and scientific repair of damaged roads across the city, leveraging modern technology to identify and fix defects efficiently, especially before the monsoon season. The AI system also detects other civic issues, promoting smart urban governance.
Vertiv and Netweb Technologies India collaborate to engineer and validate GPU compute platforms with integrated AI data center solutions, addressing power demands and thermal densities of AI workloads.
