AI infrastructure firm AM Intelligence announced plans to invest over USD 20 billion in the next 15 months to significantly expand its data centre capacity, including firm orders for 20,000 NVIDIA Rubin GPUs. This expansion will bring its total capacity to 100 Megawatt initially, with a broader goal of 1 GW of compute-as-a-service capacity globally, establishing it as a major buyer of advanced AI hardware.
Jio Platforms' initial public offering has shattered global records by receiving over one crore applications, underscoring immense investor confidence in the company's ambitious plans for technology, AI, and cloud services, with the IPO subscribed almost seven times overall.
'India is vulnerable to the West Asia crisis in three ways: Energy costs, the business Indian companies conduct in the region, and remittances from the Indian diaspora.'
Delhi Police are actively monitoring social media platforms to combat the spread of misinformation during protests in the capital, leading to the removal of approximately 300 posts. This action follows the arrest of a man for creating a fabricated AI video and includes requests to platform X for content removal.
The Mumbai crime branch has dismantled an interstate drug syndicate, seizing over two kilograms of high-grade heroin worth Rs 10.16 crore and arresting three individuals. The operation is part of a larger drive against narcotics networks in the city, with further investigations underway to trace the supply chain and apprehend more involved parties.
The Ministry of Home Affairs has instructed all states and Union Territories to coordinate with Delhi Police to prevent Cockroach Janta Party (CJP) supporters from mobilising towards Jantar Mantar for a protest on Saturday, October 10. The MHA cited potential public peace disturbances and the CJP's history of non-compliance, noting that the protest request has been rejected.
Infosys co-founder Nandan Nilekani has dismissed fears that artificial intelligence will lead to job losses in India's IT services sector, calling such concerns "hogwash" and "disaster marketing." Speaking at the Bloomberg New Economy Forum 2026, Nilekani argued that AI will actually increase demand for IT firms as it necessitates complex business transformations and creates new types of jobs, particularly in small businesses.
Forty-two naval vessels are already on order, while the navy has the government's initial go-ahead to procure another 78 ships and submarines and 120 fast interceptor craft, worth approximately Rs 2.41 trillion.
Foreign Portfolio Investors (FPIs) have withdrawn Rs 44,166 crore from Indian equities in October, pushing the total outflows for the year past Rs 3 lakh crore, driven by elevated crude oil prices, a stronger US dollar, higher US bond yields, and the allure of AI-led rallies in North Asian markets.
RBI Governor Sanjay Malhotra reiterated India's cautious stance on cryptocurrencies due to concerns over monetary sovereignty and capital flows, while actively promoting underlying technologies like distributed ledger technology and tokenisation. He also addressed the global rise in public debt and hardening bond yields, attributing it to increased government and private spending, including that driven by AI, and noted the implications of global interest rates on India's monetary policy.
Jio Platforms Ltd's Rs 30,213-crore initial public offering was subscribed 3.01 times, attracting approximately Rs 66,500 crore in public bids, with qualified institutional buyers oversubscribing their portion by 9.02 times, while retail investor demand remained under-subscribed at 0.68 times.
Jio Platforms Ltd's Rs 30,213-crore initial public offering (IPO) has garnered bids worth Rs 3.73 lakh crore, achieving a subscription rate of 5.57 times the shares on offer, driven by robust institutional and anchor investor demand.
Workday, a global HR tech major, has unveiled its new AI platform, Sana, designed to automate human resources and finance functions. Chairman and CEO Aneel Bhusri stated that AI is likely to replace low-cost, outsourced jobs due to increased productivity, rather than leading to jobs moving out of first-world countries. The platform uses AI agents for tasks like payroll and compliance, and Workday has acquired C1.ai to manage access rights for these agents. Bhusri emphasised that AI should augment humans, redefining roles rather than replacing them entirely.
A foreign brokerage predicts that private investments in Indian AI startups are rapidly growing, with potential listings adding up to USD 100 billion to India's market capitalisation over the next two to five years. Goldman Sachs reported a tripling of PE investment in Indian AI startups in 2025 and highlighted India's rising global rank in AI funding and new AI companies.
Zoho founder Sridhar Vembu has criticised the concept of Universal Basic Income (UBI), calling it an 'unimaginative and dystopian' vision. He argues that while AI threatens intellectual jobs, humans have endless tasks related to nature, nurture, culture, and spirituality that can provide purpose and sustenance, rejecting the idea of dependency on handouts.
Aditya Birla Group Chairman Kumar Mangalam Birla stated on Tuesday that investments in artificial intelligence should be driven by potential returns, not by a "fear of missing out." Speaking at the 2026 Bloomberg New Economy Forum, Birla indicated that his group would adopt AI more gradually than previously planned, moving away from an "AI arms race" mentality. He also discussed the varied applications of AI across different business sectors, the challenges of capital allocation, and the impact of geopolitical events on global companies.
Women Inspiring Network (WIN) has launched 'WIN Connect', an AI-powered platform designed to connect global women leaders and enhance opportunities across various sectors. Unveiled in New York, the platform aims to leverage AI to facilitate networking, access to capital, and business growth for its 10,000-strong network across 50 countries.
'... but runs with the rigour and discipline of a large enterprise.'
Paytm founder Vijay Shekhar Sharma has pledged personal funds, ranging from Rs 1 crore to Rs 2 crore, to Indian entrepreneurs developing their own artificial intelligence models. This initiative aims to foster indigenous AI capabilities and reduce reliance on foreign models, echoing Sharma's past success in mobile payments.
India is deeply concerned by the growing consolidation of Pakistan-backed jihadi and radical Islamist groups in Bangladesh, particularly in the strategically vital Chittagong Hill Tracts, which experts warn is transforming the country into a new safe haven for these networks and posing a direct threat to India's security.
A police constable, Ajit Kumar, was shot dead by liquor smugglers in Nalanda district of Bihar on Wednesday night during a chase. He was part of an Excise Department team attempting to intercept a liquor-laden truck. Kumar succumbed to his injuries in Patna, and a manhunt has been launched for the culprits.
The Delhi High Court on Wednesday sought a report from jail authorities regarding the non-appearance of separatist leader Yasin Malik for a virtual hearing in a terror funding case. The National Investigation Agency (NIA) is seeking the death penalty for Malik, who is currently serving a life term, arguing that his guilty plea should not preclude capital punishment for a terrorist. Malik had previously expressed a desire to argue in-person against the NIA's plea.
For the first time, co-working spaces have surpassed the IT/ITeS sector as the largest occupier of office space in India during the January-September period, indicating a significant shift towards flexible workspaces, according to Anarock Research & Advisory.
The Supreme Court clarified that it was not taking cognisance of media reports suggesting government authorities tendered unconditional apologies in contempt proceedings related to restrictions during an October 10 protest. Solicitor General Tushar Mehta explained that apologies are procedural, and authorities have defended their actions, citing reasons like maintaining public order and intelligence inputs. The court emphasised that media coverage was not relevant to its proceedings.
Christopher Wood, global head of equity strategy at Jefferies, warns that cheaper Chinese artificial intelligence (AI) models could lead to 'massive capital destruction' in US markets, highlighting the rapid growth of Chinese LLMs and the increasing debt funding for AI capex in the US.
A police constable was shot dead by suspected liquor smugglers in Nalanda district, Bihar, during a chase on Wednesday night. In a separate incident, five police personnel were injured in Bagaha when locals attacked them during an arrest related to a liquor supply case, freeing one suspect.
India's GST Council has approved changes allowing small online sellers to register in states without physical premises by using an e-commerce operator's warehouse as their principal place of business, aiming to boost national sales for small businesses.
WazirX founder Nischal Shetty stated, "We have outdone ourselves, but it is a journey we are still on, and there is a long way to go," reflecting on the cryptocurrency exchange's year-long journey since restarting operations after a cyberattack and restructuring.
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.
Jio Platforms (JPL) is preparing a capex-light strategy to commercially launch 6G services in the early 2030s through software upgrades, rather than fresh infrastructure investments, according to Akash Ambani, managing director of JPL.
A Bain & Company report projects the global AI market must reach nearly USD 6 trillion annually by 2031 to sustain massive infrastructure investments. This growth will largely depend on new innovations beyond productivity gains, with a significant gap needing to be filled by emerging revenue streams like autonomous vehicles, physical AI, and new AI-driven products. The report also highlights the surge in hardware and semiconductor industries due to AI compute demand and the importance of AI absorption for Indian companies.
Customer experience firm Fusion CX is significantly investing in AI-enabled services and data infrastructure, aiming to increase its share in total turnover to 25% within 12-18 months. The company, which reported a turnover of Rs 1,818.13 crore in FY26, is preparing for an IPO of Rs 800-1,000 crore in October, driven by organic growth, acquisitions, and its AI strategy.
Experts at a national symposium in Shillong discussed the role of Artificial Intelligence in tourism, emphasising that AI should support human judgment, local knowledge, and cultural values rather than replace them. Discussions highlighted the need for robust policies to address ethical concerns, safeguard livelihoods, and preserve cultural heritage while leveraging AI for innovation and sustainability in the tourism sector, particularly in Meghalaya.
Online video games are emerging that recreate scenes from the Jantar Mantar protests in Delhi. Games like 'Jantar Mantar Chalo', 'Bhaag Neha Bhaag', and 'Jantar Mantar to Jail' allow players to experience elements of the demonstrations, from gathering crowds and dodging police to collecting 'Accountability' and 'Democracy' coins. Creators, inspired by news and real-life events, developed these games rapidly using AI and coding, gaining significant traction online.
Three suspects have been detained in Kota, Rajasthan, in connection with the recent firing incident targeting actor Tiger Shroff's car in Mumbai, as police investigate the alleged involvement of the notorious Lawrence Bishnoi gang.
Leaders of the Cockroach Janta Party (CJP), including Saurav Das and Ashutosh Ranka, have vowed to escalate their agitation against Chief Election Commissioner (CEC) Gyanesh Kumar, expanding protests nationwide after their release from detention. They allege an "emergency-like situation" created by the Modi government, illegal detentions, and harassment of protesters, drawing parallels to the 1975 Emergency. The CJP is protesting alleged irregularities in voter rolls and demanding Kumar's resignation, accusing authorities of suppressing dissent.
India's Chief Economic Advisor V Anantha Nageswaran stated that the country's balance of payments (BoP) pressure is expected to remain a continuous challenge due to rising imports, commodity dependence, high global interest rates, and intense competition for capital.
A Sri Lankan court has ordered a five-member expert judicial panel to investigate claims of torture made by former state intelligence chief Suresh Sallay, who is currently detained under the anti-terror act and on a hunger strike. Sallay was arrested in connection with the 2019 Easter Sunday attacks.
Union Minister Ashwini Vaishnaw warned of increased global turbulence from tech disruptions, AI, and financial risks in the coming years. He stated that India is strengthening its economic and technological resilience to protect its growth from external shocks. India is focusing on domestic manufacturing and design in critical tech areas while maintaining global integration, with trust becoming as crucial as cost in supply chains.
The Central Board of Indirect Taxes and Customs (CBIC) is set to significantly increase its use of artificial intelligence (AI), machine learning (ML), and real-time analytics in Customs processes, aiming for a near-touchless, near-digital clearance experience, according to Chairman Vivek Chaturvedi.
