The Nifty and Sensex outperformed Asian peers in South Korea, Japan, Taiwan and China.
Indian IT companies have significantly reduced their fresh H-1B visa applications for US FY27, a direct consequence of soaring fees imposed by the Trump administration and new lottery system changes that prioritise higher-salaried employees, leading to a seven-year low in registrations.
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.
Foreign portfolio investors (FPIs) significantly increased their buying in Indian equities during the first half of August, with financial services attracting the largest inflows, reversing previous outflows. The IT sector also continued to see strong interest from overseas investors, driven by a reassessment of valuations and the role of Indian IT firms in AI deployment.
Nasscom said while the visa programme has been used by companies to address the skill gap in the US by bringing in foreign employees, the number of H-1B employees from Indian companies have come down substantially over the last decade.
The Karnataka government is collaborating with ElevenLabs to explore pilot projects using voice AI across various sectors including skilling, investment promotion, healthcare, culture, and citizen services. This initiative aims to leverage advanced AI to enhance accessibility and efficiency of government services, with a strong focus on responsible AI use and safeguards against misinformation.
India's capital markets regulator, Sebi, has simplified the onboarding process for foreign portfolio investors (FPIs) by permitting them to submit a digitally signed Power of Attorney (PoA) to their custodians, eliminating the need for notarisation or apostillisation.
Cybersecurity specialists warn AI-driven attacks require continuous threat monitoring instead of periodic security checks.
The Ministry of External Affairs reported that 275 Indians remain missing following devastating flash floods along the Nepal-Tibet border, while 166 others have been rescued. India has supplied 95 tonnes of relief material and deployed 54 personnel, including rescue and forensic experts, to assist Nepal. The death toll in Nepal has reached 1,295, with thousands still missing, and significant infrastructure damage reported. India has also highlighted the need for developed countries to lead in climate change action.
The government is questioning the visiting Meta team on whether the company is adhering to the law of the land, following summons to the social media giant over temporary restriction of Prime Minister Narendra Modi's Facebook post recently, sources said on Thursday.
Roles that mention AI in software development have grown 138 per cent between Q2 2024 and Q2 2026.
An Indian Parliamentary standing committee has demanded an apology from Meta chief Mark Zuckerberg within three days for the temporary removal of Prime Minister Narendra Modi's video from Facebook, threatening to withdraw immunity under the IT Act if he fails to comply. The committee also pushed for government action against Google India regarding financial fraud.
Chief Election Commissioner Gyanesh Kumar has affirmed that Indian electronic voting machines (EVMs) are manufactured by public sector companies and operate without internet, Bluetooth, or Wi-Fi connectivity, ensuring their security and reliability.
A parliamentary standing committee on Information Technology has demanded a personal apology from Meta CEO Mark Zuckerberg for the temporary removal of Prime Minister Narendra Modi's video from Facebook. The committee also discussed potential legal action and the withdrawal of safe harbour protection, while questioning Meta officials on algorithmic bias and accountability.
Bengal cricketer Abhishek Porel, who plays for Delhi Capitals in the IPL, has been arrested in Hooghly district following allegations of sexual relations on the promise of marriage. A woman medical student lodged a complaint, leading to his arrest under provisions of the Bharatiya Nyaya Sanhita and IT Act.
Indian benchmark indices Sensex and Nifty recorded sharp gains, rising over 1 per cent, driven by strong performances in IT stocks, HDFC Bank, and renewed foreign fund inflows, despite mixed global cues 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.
Surging growth in sales by companies hasn't translated into higher salaries just yet.
The scholarship covers 100 per cent of the annual tuition fee, hostel and mess charges and provides a laptop in the first year.
Indian track and field athletes, including Avinash Sable and Parul Chaudhary, are using a specialised 'smart track' at SAI NCOE Bengaluru to fine-tune their preparations for the upcoming Asian Games.
IICT and Netflix are offering scholarships to 100 students and working professionals, with up to 80 per cent financial support for courses in animation, VFX, gaming and creative technologies.
The Maharashtra government has approved the deployment of sovereign artificial intelligence solutions from Sarvam AI for its departments, with a two-year outlay of Rs 11.26 crore. This initiative includes the Indus AI workspace for 2,500 users, ensuring government data remains within India, along with citizen outreach agents and speech models for the MahaAI platform.
N Chandrasekaran's exit marks a major shift for TCS, leaving its leadership to navigate AI disruption without the group chairman's deep expertise.
A cyberattack on an automaker can spread through its wider supply chain and create significant financial losses.
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.
Researchers at Delhi's Indraprastha Institute of Information Technology have developed 'MutAIverse', a generative AI platform designed to decode DNA damage and identify potential causes of cancer. Tested on head and neck cancer patients in Guwahati, the platform successfully traced exposure to smokeless tobacco as a contributing factor. This innovation aims to shift focus from just diagnosis to understanding causative factors, potentially aiding in prevention and protection.
India has launched the ~62,500 crore Mobile Phone Manufacturing Scheme (MPMS) to incentivise domestic production and strengthen Indian mobile phone brands, offering production-linked incentives and additional benefits for local component sourcing.
India too can rise to the top if the 1.4 billion Indians back home are given better opportunities to use their innate talent and capacity to work hard, with right incentives in a more meritocratic rules-based system, asserts Ajay Chhibber.
E-Eye, which cost about Rs 3,500 to develop, can test a sample for around Rs 2, making it particularly suitable for field-level water quality monitoring in areas where access to sophisticated laboratories is limited.
Can AI transform grassroots 'If technology can help develop players a little quicker and make coaching more informed, then it has done its job.'
'Every period of excessive optimism eventually gives way to a correction, while periods of extreme pessimism often create the best investment opportunities.'
'Applying AI to change the lives of Indians and at population scale -- just like we did with DPI [digital public infrastructure] -- is really where it's going to go.'
In the next 36 months nearly 25 to 40 per cent of jobs will be under threat from AI and job losses are inevitable.
India has rescued three more nationals, including a child, from Nepal's flood-hit Trishuli Bazaar, bringing the total evacuees to 169, while 275 Indians remain missing. The Ministry of External Affairs confirmed that 1,907 Indians safely crossed into Nepal from China and India continues to provide extensive relief materials and expert teams to assist Nepal in its recovery efforts following the devastating flash floods.
Racing Bulls driver Arvid Lindblad, who has Indian ancestral roots, attributes the rise of young athletes like Vaibhav Sooryavanshi across global sports to advancements in technology and better access to information from an earlier age.
Indian benchmark indices Sensex and Nifty saw gains in early trade, driven by a decline in crude oil prices due to easing geopolitical tensions in West Asia and strong buying interest in the IT sector.
Do not share OTPs, PINs, authentication codes, card numbers, card verification values (CVVs), KYC details, security answers, Internet-banking passwords or Aadhaar-based authentication credentials through SMS, e-mail or phone calls.
The government has issued a stern notice to Meta on Child Sexual Exploitative and Abuse Material (CSEAM) in paid advertisements on Instagram, sources said on Sunday.
Meta's global team met with top Indian IT Ministry officials following government summons regarding the temporary restriction of Prime Minister Narendra Modi's Facebook post and ongoing concerns about child sexual abuse material (CSAM) on its platforms.
HCLTech, India's third-largest IT services company, announced plans to establish a global technology centre and an AI-optimised data centre in Bhubaneswar, Odisha, with a total investment of approximately Rs 15,000 crore, marking its entry into the AI infrastructure business.
