OpenAI has appointed Prabhjeet Singh as its Managing Director for India, a key market for the AI company. Singh, formerly President of Uber India and South Asia, will oversee consumer growth, enterprise adoption, partnerships, and regulatory engagement, reinforcing OpenAI's commitment to India's rapidly expanding AI ecosystem.
Monsoon rains have unleashed widespread destruction across India, claiming seven lives in Himachal Pradesh and Karnataka due to landslides and floods, while heavy downpours have disrupted normal life and triggered red alerts in Maharashtra and other regions.
In the remote tribal village of Pahadpur, preparations are in full swing as it looks to script history.
Union Steel Minister HD Kumaraswamy has urged the Indian steel industry to adopt advanced technologies like AI, Machine Learning, and IoT to enhance global competitiveness and productivity. Speaking at a Chintan Shivir, he highlighted that digitalisation is crucial for achieving ambitious steel capacity targets by 2035 and addressing challenges such as operational efficiency, decarbonisation, and export competitiveness. The minister also emphasised how technology can improve safety and reduce downtime in steel plants.
Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, has approved filing draft papers for an initial public offering (IPO) involving a fresh issue of up to 27 crore equity shares, aiming to unlock value for shareholders and fuel its ambitious expansion into 5G, AI, and global markets.
India's indigenous Dilution Refrigerator, developed by AQV, has successfully reached four Kelvin (-269C) at the Quantum Reference Facility in Amaravati, marking a significant milestone in the country's quantum technology development and cryogenic engineering capabilities.
Indian startup funding plummeted by 43 per cent year-on-year to $7.81 billion between March 1 and June 15, 2026, largely due to the West Asia conflict, which has amplified global risk perceptions, tightened liquidity, and led to rupee depreciation, making global investors cautious.
The Indian Sports Ministry, led by Minister Manuskh Mandaviya, is establishing a dedicated Task Force to explore the revival of Formula One racing in India. This initiative follows a meeting with key stakeholders, aiming to assess the challenges and benefits of hosting major motorsport events, with a target of bringing F1 back by 2028. The Task Force will recommend a comprehensive policy framework to support motorsports growth, leveraging India's significant F1 fanbase.
The Delhi government has announced a comprehensive audit of the Narela and Bawana industrial areas, covering the period from 2011-12 to 2025-26. The audit, initiated by the DSIIDC, aims to identify financial irregularities, fund diversions, and their financial impact within these public-private partnership projects.
Chennai-based deep-tech startup The ePlane Company has successfully completed the assembly of its full-scale electric air taxi, the e200X. This prototype, designated PT-01, is now ready for ground testing, marking a significant step towards flight testing and eventual type certification. The versatile e200X is designed for passenger air taxi services, urban cargo transport, and air ambulance operations, aiming to leverage existing city infrastructure.
ArcelorMittal has announced a partnership with Amazon Web Services (AWS) to automate its global manufacturing operations using AWS's cloud and AI capabilities. This collaboration aims to enhance safety, asset reliability, and energy efficiency by deploying AI at the point of production for predictive maintenance, quality control, and process optimisation.
Beijing clearly intends to extend the China-Myanmar Economic Corridor to Bangladesh as part of its larger Maritime Belt and Road Initiative to boost its Indian Ocean presence.
Iran has announced the closure of the Strait of Hormuz, citing Israel's continued strikes in Lebanon and alleged violations of a ceasefire agreement. This move comes as both Israel and Hezbollah accuse each other of breaching the truce, with casualties rising in southern Lebanon.
Indian drone startup Garuda Aerospace has partnered with Extensee SAS to deploy Airbus' Flexrotor unmanned aerial vehicles internationally. This collaboration aims to leverage Extensee's operational expertise for various long-range autonomous missions, expanding Garuda Aerospace's Drone-as-a-Service offerings globally.
West Bengal Chief Minister Suvendu Adhikari announced plans to enact a stringent law against religious conversion and implement the Uniform Civil Code (UCC) in the state. He linked these measures to strengthening national security and preserving Bengal's cultural identity, citing concerns over infiltration and demographic changes. Adhikari also highlighted efforts in border security, distinguished between illegal immigrants and CAA refugees, and paid tribute to Bankim Chandra Chattopadhyay.
State Bank of India Chairman C S Setty has expressed support for a 'pause' in policy rates by the Reserve Bank of India's monetary policy committee, believing it will help stabilise conditions and support economic growth. He also urged investors to look beyond short-term equity market movements and focus on India's structural transformation, driven by reforms and digital infrastructure.
S&P Global Ratings projects India's economic growth to slow to 6.6 per cent in FY27, down from 7.7 per cent in FY26, citing energy stress and a potential sub-par monsoon.
The move is to strengthen oversight, improve compliance, and boost patient confidence.
Commerce and Industry Minister Piyush Goyal announced that India expects to operationalise nine free trade agreements (FTAs) within the next 10 months, with plans for an additional three to four significant pacts over the coming year, reinforcing India's ambition to become a global manufacturing and investment hub.
Punjab Police apprehended two associates of a foreign-based terror operative in Mohali, foiling a plot to target critical public infrastructure and recovering an Improvised Explosive Device (IED).
Election-related freebies and populist measures are other factors crimping the revenue profile of these states.
Elon Musk's Starlink is in "active and productive discussions" with the Indian government, awaiting final regulatory clearance, including spectrum allocation, to launch its satellite internet services, despite media reports suggesting a freeze on approvals.
'The system is now under the CBSE's control with cybersecurity professionals and IIT officials overseeing it.'
The weather office has warned that the prevailing monsoon conditions could trigger flash floods, landslides, waterlogging and a further rise in river levels across the Northeast.
Tata Consultancy Services (TCS) has launched India's first Oracle AI Data Platform Lab and Centre of Excellence (CoE) in Kolkata, in collaboration with Oracle. This facility aims to help enterprises accelerate the adoption of artificial intelligence and data-driven transformation by addressing challenges like fragmented data and limited AI scalability. The lab will leverage Oracle's AI Data Platform and TCS plans to expand similar CoEs to four more Indian cities.
United States President Donald Trump warned Iran of potential strikes on its infrastructure, including bridges and electric power plants, saying the US military 'hasn't even started destroying what's left in Iran'.
Displaced Palestinians in Gaza are overcoming power cuts, poor internet and ongoing insecurity to follow the FIFA World Cup, finding brief moments of joy and escape amid the hardships of war and displacement.
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.
Seventeen sports will feature at the 2030 Commonwealth Games in Ahmedabad, which is set to be staged at around 60 per cent lower cost than previous editions as part of the Commonwealth Sport's revamped hosting model.
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.
Germany's 2014 World Cup winner Sami Khedira sees no identity crisis in his brother Rani playing for Tunisia at FIFA World Cup 2026.
The Indian government has identified 111 districts as 'most vulnerable' to crop damage due to a 43 per cent monsoon deficit, driven by El Nino, which threatens kharif sowing. Agriculture Minister Shivraj Singh Chouhan stated that weak monsoon conditions are expected to persist until July 2, prompting contingency plans and recommendations for alternative, less water-intensive crops.
Persistent Systems announced an agreement to integrate a team from Concise, a software engineering and IT consulting company, to expand its Eastern European footprint.
Global brokerage Citi has reduced its Nifty 50 index target to 26,000 from 27,000, citing persistent geopolitical tensions, risks to corporate earnings growth, and concerns about India's role in the global artificial intelligence (AI) ecosystem.
The Union Housing and Urban Affairs Minister's announcement of four 'Namo Cities' aims to decentralise development and decongest Delhi, but experts warn that the initiative may face execution challenges similar to previous urbanisation plans due to inadequate coordination among NCR states.
Adani group companies reported a record capital expenditure of Rs 1.53 lakh crore (USD 16.1 billion) and an all-time high EBITDA of Rs 94,834 crore (USD 10 billion) in the 2025-26 fiscal year, signalling an accelerating infrastructure expansion cycle while maintaining leverage below its stated target.
The 13.153-km Zojila Tunnel, the world's longest single-tube bi-directional road tunnel at the highest altitude, and its final breakthrough will be a historic milestone in India's infrastructure history.
US President Donald Trump claimed on Tuesday that Tehran has consented to long-term, comprehensive monitoring of its nuclear infrastructure. Concurrently, Washington will ease shipping constraints in the Strait of Hormuz and release bound financial concessions, subject to stringent American oversight.
India has strongly protested a US military strike on the commercial vessel Settebello off the Oman coast, which left three of the 24 Indian crew members missing. The US Central Command stated it disabled the Palau-flagged vessel for violating a blockade of Iranian ports.
'There's been a sense of FOMO, fear mongering and that has led to token consumption without linkages to ROI and without linkages to outcomes.'
