Mumbai Police have arrested Rohan Parikh (24) and Dilip Kunde (49) for allegedly forcing their way into Jio World Plaza with a firearm and a fake PMO identity card. The incident, which occurred on Monday evening, has been clarified by police to have no connection with Prime Minister Narendra Modi's event in the city.
India's current account deficit could widen to 1.7 per cent of GDP, or about $71 billion, if crude oil prices stay above $90 a barrel for a significant part of the second half of FY27.
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.
Rockwell Automation's CEO Blake Moret highlights India as the centrepiece of the company's Asian growth strategy, detailing its four-decade presence, significant employee base, and support for the 'Make in India' initiative. The company sees major opportunities in pharmaceuticals, automotive, food and beverage, and consumer products, with AI playing a crucial role in simplifying industrial automation and boosting productivity for Indian manufacturers, including MSMEs.
Kunal Shah, founder of CRED, has been appointed global head of WhatsApp, joining a growing list of Indian-origin executives leading major technology companies worldwide. This trend underscores the increasing demand for Indian talent in strategic leadership roles across Silicon Valley.
SpaceX, led by Elon Musk, is establishing an in-house foundry in Bastrop, Texas, to produce high-spec gas turbine blades and vanes. This strategic move aims to alleviate a critical supply chain bottleneck hindering power generation for AI data centres in the US and accelerate natural gas turbine availability by up to 18 months. The facility will also leverage synergies with aerospace component manufacturing.
Prime Minister Narendra Modi urged Russian President Vladimir Putin to move from 'endless war to the end of war' in Ukraine, emphasising that a peaceful resolution is humanity's shared priority.
Foreign portfolio investors (FPIs) have injected Rs 30,919 crore into Indian equities in August, marking their second consecutive month of net buying. This follows a Rs 20,200 crore investment in July, indicating a potential reversal after four months of significant outflows, driven by improving corporate earnings, resilient economic activity, and a stable rupee.
Infosys has confirmed that Lax Gopisetty, chief of its subsidiary Infosys Public Services, is unreachable following devastating floods in Nepal. Gopisetty was visiting the region personally, and Infosys is working with agencies and his family to ensure his safety. The Ministry of External Affairs also reported hundreds of Indians missing or stranded due to the floods, with India offering assistance to Nepal.
Indian benchmark equity indices, Sensex and Nifty, opened higher on Monday, driven by strong buying in blue-chip stocks like HDFC Bank and Infosys, despite persistent geopolitical tensions and elevated crude oil prices.
Flash floods in Tibet's Gyirong County, near the China-Nepal border, have resulted in five deaths and 558 missing individuals, including 260 foreign nationals. The disaster also caused significant casualties in Nepal and disrupted infrastructure. Rescue operations are underway, and concerns are rising over a newly formed barrier lake that poses a risk of further flooding.
RSS chief Mohan Bhagwat, addressing British Hindus in London, unequivocally stated that their loyalty lies with the UK, clarifying the concept of 'karma bhoomi' within Hindutva and emphasising unity in diversity.
Indian all-rounder Deepti Sharma has become the leading wicket-taker in women's T20 Internationals, surpassing previous records with 171 wickets. She achieved this milestone in her 150th T20I match, demonstrating her consistent performance and dedication to the team.
Commonwealth Games silver medallist Gyaneshwari Yadav is preparing for the Asian Games, aiming to surpass her personal best of 199kg. She plans to leverage her CWG experience despite facing tough international competition from powerhouses like China and South Korea. Yadav also acknowledges the upcoming domestic challenge from Mirabai Chanu and Bindyarani Devi in the 53kg category but remains confident and inspired by Chanu.
If India does get $100 billion a year in FDI, it would be a game-changer in every possible way. FPIs would come rushing back, AI or no AI, points out Debashis Basu.
Unified Payments Interface (UPI) transactions in India reached Rs 29.8 lakh crore in August, approaching record levels. Volume also hit a new high of 24.51 billion transactions, driven by festive activities like Raksha Bandhan. The digital payment system continues its rapid growth, expanding its global presence to 11 countries, with further growth anticipated during the upcoming festive season and new use cases like credit on UPI.
India is adopting a two-pronged strategy for artificial intelligence development, focusing on open-source models and indigenous innovation to counter global access restrictions on advanced AI technologies. The government aims to support local developers and ensure AI creates tangible economic impact across various sectors, rather than being solely driven by market speculation.
India contributes 31.24 per cent of the global coconut output and 17.90 per cent of the worldwide cultivation area.
Arundhati Bhattacharyya, Salesforce President and CEO for South Asia, highlighted how cloud and AI are democratising capabilities, offering India a unique opportunity to leapfrog in the technology revolution. Speaking at the IMC Chamber of Commerce, she emphasised that AI will create more jobs by addressing unmet business demands and could significantly boost India's GDP, with NITI Aayog estimating a USD 500-600 billion addition by 2035. She urged Indian businesses to transform using technology, focus on data, redesign work, and invest in skills, stressing that AI is not just for large corporations.
Luxury hotels in Delhi are experiencing a significant room crunch and a sharp increase in tariffs ahead of the BRICS Summit. Many marquee properties show no availability or are quoting rates exceeding six figures per night around the September 12-13 event, highlighting a gap in India's hospitality infrastructure.
In many ways, 17th century India occupied a position in the global economy comparable to that of the United States today. Just as millions of people now look towards America because of its economic opportunities, merchants, adventurers and trading companies once looked towards India.
'Across the entire value chain, we will be able to industrialise AI adoption, and that is the main purpose of the deal.'
'When a glacier collapse or a major flood event does occur, the water will simply reclaim its original path, and anything built in that path will be swept away.'
Samajwadi Party chief Akhilesh Yadav announced a new dress code of blue T-shirt and jeans for the party's student wing, Chhatra Sabha, along with a two-week student awareness campaign. The move aims to connect with young people in educational institutions, familiarise them with the party's ideology, and promote socialist values. Yadav explained the symbolism of the blue colour, associating it with ideology, democracy, the Constitution, and the 'Bahujan samaj', while jeans represent rebellion and workers. The initiative is part of the party's broader PDA (Pichhda, Dalit, Alpsankhyak, and also Prem, Daya, Apnapan) campaign to establish social justice.
Tata Chemicals has stated its commitment to resolving outstanding issues with the Kenyan government after President William Ruto reportedly ordered its subsidiary, Tata Chemicals Magadi Ltd, to cease operations, citing a lack of benefit to citizens.
India's 19-year-old Grandmaster Pranesh M clinched the Group A title at the prestigious Kanizsa Open 2026, defeating Germany's Vadim Petrovskiy in the final round.
In August, Hyundai recorded its highest ever domestic sales for the month with 54,396 units sold, marking a 23.6 per cent Y-o-Y increase. The Creta Electric currently anchors Hyundai's mass-market electric portfolio, while the Ioniq 5 caters to the premium end
Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade, driven by a recovery in world markets due to easing US Treasury yields and fresh foreign fund inflows, halting a multi-day losing streak. Track Sensex, Nifty on August 20.
England football icon David Beckham has paid tribute to Lionel Messi, calling him a 'credit to himself' and an 'inspiration for millions' after the Argentina legend announced his retirement from international football.
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.
The fourth season of the Global Chess League will feature Norwegian grandmaster Magnus Carlsen's return and Indian FIDE Women's World Cup champion Divya Deshmukh's debut.
At least four to five privately placed infrastructure investment trusts (Invits) are expected to transition to public listings by the end of the 2026-27 financial year, significantly increasing the number of publicly traded Invits to 12-14, according to N S Venkatesh, CEO of the Bharat Invits Association (BIA).
Prasar Bharati Chairman Prasoon Joshi voiced concerns over AI's impact on India's cultural heritage, including music and endangered languages, advocating for human-AI collaboration. Meanwhile, a Spotify report revealed significant growth in royalties for Indian artists, with linguistic diversity driving economic strength in the creative industries, highlighting the platform's role in enabling talent across various Indian languages.
'Improved law and order and transparent governance have helped change UP's investment image.'
Indian benchmark indices, Sensex and Nifty, rebounded in early trade after two days of decline, driven by positive global market trends and strong buying in auto stocks. This recovery follows a robust performance in US markets and a rally in Asian markets, particularly Japan's Nikkei, fueled by AI-driven technology optimism. Track Sensex, Nifty on July 1.
The reforms, undertaken by the Department of Defence Production, remove stakeholder consultation for exports of non-lethal defence items to most destinations, while retaining safeguards for sensitive countries.
Adobe has announced Anil Chakravarthy as its new president and CEO, succeeding Shantanu Narayen, who will transition to executive chair. Chakravarthy, an alumnus of Banaras Hindu University and IIT, will assume the role on December 1, leading the company into an AI-driven era.
OpenAI's chief scientist, Jakub Pachocki, has issued a stark warning about the accelerating pace of artificial intelligence, stating that "no one is prepared" for its rapid rise and potential consequences. He highlights concerns over autonomous AI agents taking unintended actions and calls for international coordination, voluntary slowdowns, and robust safety measures to ensure human control and alignment with human values as machine intelligence surpasses human capabilities.
Leading technology companies OpenAI, Anthropic, and Google have announced new AI models with advanced capabilities, including OpenAI's Astra reaching a "Critical" cybersecurity tier. However, these advancements have ignited a significant debate among safety researchers and netizens, particularly concerning the transparency and monitorability of OpenAI's novel "recurrent depth" architecture.
India's electric two-wheeler market has seen record penetration, exceeding 11.2 per cent, driven by crude oil price fluctuations. This surge has led to an unexpected crisis for Indian OEMs, with unfulfilled customer demand reaching 20-30 per cent and average waiting periods exceeding four weeks, a situation expected to intensify during the upcoming festival season.
