Indian benchmark stock indices, Sensex and Nifty, closed lower due to profit-taking, a spike in wholesale price-based inflation, and firm crude oil prices, despite some support from easing intraday crude oil prices and rupee appreciation.
Indian IT stocks have experienced their most significant weekly surge in 18 years, with the Nifty IT index climbing 11.72 per cent, as a global sell-off in AI-linked equities redirected investor attention towards India's IT services sector. This shift aligns with a JP Morgan report identifying India as a 'natural AI hedge' due to its large, liquid market and strong domestic institutional investor base.
'In India, an MBA from a top college would have better opportunities as compared to an MTech from top colleges,' says rediffGURU Patrick D'souza.
A first-year IIIT Ranchi student was found dead in his hostel room on Sunday, leading to student protests alleging negligence by college authorities in providing timely medical aid. Police are investigating the incident, which preliminary suggests suicide due to exam pressure.
Indian benchmark stock indices, Sensex and Nifty, rallied significantly, with Sensex jumping over 1,500 points and Nifty reaching a nearly three-week high, driven by strong buying in banking, IT, and Reliance Industries stocks, alongside easing crude oil prices.
Researchers at the Indian Institute of Technology Bombay have developed an innovative, low-cost device capable of screening for anaemia and sickle cell disease using just a single drop of blood. This point-of-care approach measures blood smear length to detect differences in viscosity, which are indicative of these conditions. The patented device is designed for cost-effective manufacturing and ease of use, making it ideal for areas with limited access to conventional diagnostic laboratories. The technology is currently licensed to an IIT Bombay startup and is moving towards regulatory approval.
Police are investigating the suicide of IIT Bombay student Sahil Wakode, who died hours after being caught allegedly copying in an exam. The probe includes examining his phone calls expressing remorse and allegations of caste discrimination made by his family against a professor. Digital evidence and CCTV footage are being analysed to reconstruct the sequence of events.
A Bihar Police sub-inspector has alleged that his 19-year-old son's death at IIIT Ranchi was a "cold-blooded" murder, not a suicide as claimed by the institute. He has demanded an SIT inquiry, citing inconsistencies like the absence of ligature marks and his son's normal behaviour just hours before his death. The institute has expressed sadness and called for a transparent investigation, while its director has been sent on leave.
The Indian Institute of Technology (IIT) Bombay has released 'anti-discrimination guidelines' advising students, faculty, and staff against inquiring about birth, admission category, or entrance exam ranks to prevent bias. This move follows the suicide of student Sahil Wakode, whose parents alleged caste discrimination. The guidelines also prohibit hateful messages and aim to foster inclusivity on campus.
Researchers at IIT Delhi have successfully demonstrated the simultaneous transmission of quantum-entangled photons and classical data over a 50-km optical fibre link. This breakthrough addresses key challenges in integrating fragile quantum signals with existing telecommunications infrastructure, paving the way for more scalable and secure future quantum networks.
Indian benchmark indices, Sensex and Nifty, experienced a significant downturn, with Sensex tanking 778 points and Nifty closing at a five-month low, driven by surging crude oil prices, geopolitical tensions, and fears of further interest rate hikes by major central banks.
Ministry of Information and Broadcasting Secretary Chanchal Kumar outlined the critical factors for the media and entertainment sector's next growth phase, including robust intellectual property, sustainable revenue models, and disciplined investments. Speaking at the CII Big Picture Summit, he emphasised the government's role in fostering an environment for creative enterprises and addressing challenges posed by digital platforms and AI. The CII White Paper also projected a USD 100 billion Indian M&E sector, advocating for stronger IP and regulatory reforms.
Police have registered a case of abetment to suicide against unidentified persons following the death of a 31-year-old IIT Delhi M.Sc. Physics student who allegedly jumped from a campus building. The incident occurred on August 22, and investigations are ongoing, including examining the student's mobile phone and counselling records.
Researchers at the Indian Institute of Technology (IIT), Guwahati, have developed an innovative nature-based wastewater treatment system utilising taro plants and an engineered "zig-zag flow" design. This low-energy, compact technology offers a promising solution for treating highly polluted swine wastewater in decentralised livestock farms, particularly in rural and resource-limited regions.
West Bengal has launched an Emerging Quantum and Semiconductor Technologies (EQST) section at CSIR-CGCRI to attract investments and position the state as a hub for next-generation technology. Minister Kalyan Chakraborti highlighted India's need to invest in these crucial sectors and outlined the state's plans to collaborate with institutions and leverage budget initiatives to foster research and start-ups.
Investors are set to monitor quarterly earnings, crude oil prices, the Jio Platforms initial public offering, and foreign investor activity in the upcoming holiday-shortened week, according to market analysts.
National Security Advisor Ajit Doval shared a pivotal moment from his early IPS career at IIT Roorkee's convocation. He recounted how a border surveillance team he dispatched was captured by the Chinese army, leading him to believe his career was over. Despite being cleared by an inquiry, the incident deeply distressed him, ultimately teaching him valuable life lessons from a Tibetan Sherpa.
rediffGURU Radheshyam Zanwar, founder of Zanwar Classes, clarifies doubts and guides young aspirants on eligibility for science, and engineering entrance exams.
An Indian-origin engineer couple, Anuradha and Vikas Sinha, have donated $20 million to the University of North Texas (UNT) to establish the Anuradha and Vikas Sinha College of Artificial Intelligence and Advanced Analytics. This significant gift aims to create new opportunities for students and faculty, focusing on building and deploying intelligent systems and understanding their operation within human contexts. The donation underscores the couple's belief in education and immigrant contributions to the American dream, supporting leadership, scholarships, professorships, research, and entrepreneurship.
Students who want to gain hands-on research experience at the IIT Bombay can apply for the IITB Research Internship Award 2026.
IIT Guwahati researchers have developed SH²RFSSM, a model inspired by how biological neurons communicate.
The Central Board of Film Certification (CBFC) flagged the proposed screening of an uncertified documentary on jailed activist Umar Khalid at IIIT-Hyderabad, citing violations of the Cinematograph Act. IIIT-Hyderabad subsequently distanced itself from the event, stating no recognised student bodies had organised it. The screening, titled "Prisoner No. 626710 is Present," was reportedly cancelled by students, following a similar postponement at NLSIU Bengaluru due to opposition.
Indian information technology (IT) stocks, led by Infosys, experienced a significant selloff, dragging the Nifty to a two-month low, primarily due to escalating West Asian tensions pushing crude oil prices higher, and concerns over upcoming large IPOs diverting funds from secondary markets. The sector is also grappling with the long-term implications of AI disruption.
Over 100 Indian institutions offer semiconductor design curricula, but hardly any of them focuses on manufacturing and process technology, a top official from global memory and storage major Micron Technology said on Thursday. There is significant global demand for such chip engineers, its president and chief executive Sanjay Mehrotra said at the 10th Vibrant Gujarat Global Summit in Gandhinagar. "While more than 100 Indian institutions provide a semiconductor design curriculum, hardly any focus on semiconductor manufacturing and process technology.
Foreign institutional investors have withdrawn nearly $40 billion from Indian equities in the last two years and, according to Bernstein analysts, have 'little reason' to invest for the long-term, though they may 'return to trade'. The brokerage highlights challenges such as struggling large-caps, disruption from new technologies, and difficulties accessing small- and mid-caps (SMIDs) at an institutional scale.
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.
The Crime Branch has taken over the investigation into the alleged suicide of a 22-year-old IIT Bombay student, Sahil Ravindra Wakode. Wakode was found dead after being caught using a mobile phone and ChatGPT during an exam. His parents have filed a complaint alleging institutional harassment and caste-based discrimination, leading to a protest by students. A professor has been named as an accused, and the Crime Branch is expected to summon them for questioning. This marks the third suicide at IIT Bombay in seven months.
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.
Industry experts advocate for India to develop its own artificial intelligence (AI) safety framework, distinct from US or EU models, to address unique challenges like deepfakes and cyberattacks. They call for a comprehensive commitment involving all stakeholders and a hybrid regulatory approach combining voluntary and binding measures, as the Indian government also considers new AI regulations.
Finance Minister Nirmala Sitharaman has called upon Indian industry to prioritise not just scale but also resilience, better governance, and deeper technological capabilities to achieve the 'Viksit Bharat' goal by 2047.
The Mumbai Police has transferred the alleged suicide case of a second-year IIT Bombay BTech student to the Crime Branch after his father filed a complaint alleging casteist slurs and harassment by Professor Suryanarayan Dulla, who was also named in an FIR.
The mother of Sahil Ravindra Wakode, a 22-year-old IIT Bombay student found dead in his hostel room, has alleged her son was "tortured" and "killed," demanding justice, while the institute stated no disciplinary action was initiated against him after he was found using a mobile phone during an exam.
The parents of IIT Bombay student Sahil Wakode, who died by suicide, spent eight hours at the Mumbai Crime Branch office, while Union Minister Ramdas Athawale visited IIT Bombay, seeking a thorough investigation into the death and alleging potential caste discrimination.
IIT Bombay has established a 10-member high-level committee to investigate the alleged suicide of B Tech student Sahil Wakode, who was found dead after being caught using a mobile phone during an exam. Faculty member Suryanarayan Doolla, named in an FIR alleging abetment to suicide on grounds of caste discrimination, has been sent on leave.
Two IIT Gandhinagar students have developed "TrustGate," an AI-based cybersecurity system designed to protect critical infrastructure like water treatment plants and power grids. The system uniquely combines network traffic and physical sensor data to detect sophisticated cyber attacks, identify affected equipment, and provide real-time alerts to operators, earning them an international award.
The Nifty and Sensex outperformed Asian peers in South Korea, Japan, Taiwan and China.
RSS chief Mohan Bhagwat stated that regime-change agitations do not resolve fundamental problems and can become instruments of political interests, fuelling divisions rather than delivering solutions. He also called for discernment in consuming information, especially from OTT platforms, and stressed the importance of national unity based on emotional bonds.
The scholarship covers 100 per cent of the annual tuition fee, hostel and mess charges and provides a laptop in the first year.
IT services stocks have had tough two years, with prices coming under pressure from 2025 and the sell-off extending through the first half of 2026.
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.
