The CBI has registered a case concerning an alleged USD 10 million fraud at India Exim Bank. The fraud involves a dissolved UK-based company, Hanjer Biotech (Erith) Ltd, and its associates, accused of siphoning off a loan meant for a recycling project by diverting funds and not supplying machinery. The loan account was declared a non-performing asset in 2014.
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.
A special CBI court in Ahmedabad has granted bail to Ankit Pandey, an accused in a cyber fraud case involving a call centre that allegedly defrauded US residents of over USD 7.21 million. The fraudsters posed as US law enforcement, falsely accusing victims of child pornography access, and coerced them into paying fines or handing over gold. Pandey's defence cited weak evidence, arguing only an IP address linked him to the crime.
HCLTech has launched 'HCLTech Pulse', a new business unit designed to help enterprises with annual revenues between USD 500 million and USD 5 billion accelerate their adoption of artificial intelligence and modernise their technology infrastructure, targeting a USD 400 billion global market opportunity.
The Central Bureau of Investigation (CBI) has arrested Ankit Satishchandra Pandey in connection with a transnational cyber-financial fraud case. Pandey allegedly defrauded US nationals of over USD 7 million by impersonating US federal agency officials through illegal call centres in Gujarat, coercing victims into transferring funds and purchasing gold.
Artificial intelligence company Anthropic has officially launched its initial public offering (IPO) roadshow, aiming to raise up to USD 64.35 billion by offering 825 million shares at an expected price range of USD 70 to USD 78 per share. The company plans to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol 'ANT'.
A new study reveals significant disparities in the return on investment (ROI) of COVID-19 vaccines across countries, with high-income nations reaping far greater economic and health benefits than low- and middle-income countries. While the global investment in vaccine development and delivery was USD 79.4 billion, the benefits ranged from USD 6.43 trillion to USD 64.3 trillion, showing a massive overall ROI. However, early access and faster rollouts in wealthier nations led to disproportionate gains.
India's Engineering Research and Development (ER&D) sector is projected to exceed USD 100 billion in revenue by 2030, driven significantly by the integration of Artificial Intelligence (AI) into engineering workflows. This growth, highlighted by Nasscom, positions India as a critical global engineering hub, necessitating focus on talent development and strategic partnerships.
Fintech firm Razorpay has secured approval from markets regulator Sebi for its proposed initial public offering (IPO) of Rs 5,000-6,000 crore, targeting a valuation of around USD 5 billion. The company, founded in 2014, offers various financial services and attained unicorn status in 2020. This development follows its confidential IPO filing in June, while rival PhonePe's IPO is currently on hold.
Former Chief Economic Adviser Krishnamurthy V Subramanian outlines India's strategy to become a USD 55 trillion economy by 2047. The plan hinges on leveraging its young demographic in AI, dominating sunrise sectors like space and defence tech, attracting FDI, and achieving sustained 8% GDP growth.
Regional Indian airline FLY91 has placed a significant order for 40 new ATR 72-600 turboprop aircraft, valued at nearly USD 1 billion. This marks the single largest order for ATR planes by a regional carrier globally and is set to dramatically expand FLY91's network, connecting more unserved and underserved cities across India. Deliveries are scheduled from late 2027 to 2032, supporting the airline's goal of operating over 60 aircraft.
India's Velavan Senthilkumar was defeated by France's World No 99 Amir Khaled-Jousselin in the men's quarterfinals of the London Open squash tournament, marking a significant upset.
The Caribbean Football Union (CFU) has announced its endorsement of Gianni Infantino for another term as FIFA president in the upcoming March election. This decision follows Infantino's recent visits to the Caribbean and FIFA's increased financial contributions and development investments, which are crucial for smaller nations. The CFU's support comes despite past controversies surrounding Infantino's aborted World Cup investment plan, with the union calling for continued transparency and good governance.
Indian airlines are increasingly focusing on developing in-house maintenance, repair, and overhaul (MRO) capabilities to support their rapidly expanding fleets and reduce reliance on overseas facilities. This strategic shift is driven by market growth projections, with India's MRO market expected to triple to USD 9.5 billion by 2035, and recent geopolitical challenges highlighting the need for domestic capacity.
GMR Aero Technic is investing Rs 600 crore to expand its Maintenance, Repair and Overhaul (MRO) facility in Hyderabad. The expansion aims to nearly double its capacity to around 18 lines by 2029, including for wide-body aircraft, and will introduce India's first wide-body aircraft painting service, addressing the growing demand from Indian airlines.
NeoGeoInfo Technologies, a spatial intelligence solutions provider, has secured a Series A investment of approximately USD 20 million from Neev II Fund and Aavishkaar Capital. This funding will fuel the company's R&D, expand its international presence in the Middle East and Americas, and strengthen its team for complex projects.
A Crisil report indicates that India is the world's fastest-growing polymer compound market, contributing 13% to the global industry. Driven by increased manufacturing in automotive, electronics, and infrastructure, the domestic sector is projected to reach USD 16.5 billion by FY2031, with significant demand from various pipeline and cable segments.
India's Isharani Baruah, Malvika Bansod, and Unnati Hooda have progressed to the women's singles pre-quarterfinals of the Hylo Open Super 500 tournament in Germany after winning their respective round of 32 matches on Wednesday. Aakarshi Kashyap, however, was eliminated.
Karan Singh secured the men's singles title at the USD 30,000 ITF Men's World Tennis Tour M25 tournament in Mumbai on Sunday. His opponent, Digvijay Pratap Singh, retired in the second set, with Karan leading 7-5, 3-1. This marks Karan's fourth title of the 2026 season and his second in the last two months.
India's Velavan Senthilkumar has progressed to the quarterfinals of the London Open squash tournament after defeating Paraguay's Francesco Marcantonio.
A CII white paper released Thursday outlines a strategy for India's media and entertainment sector to achieve a USD 100 billion valuation by the early 2030s, requiring an annual growth rate of 15 per cent and significant policy reforms. The paper identifies key areas for growth, including broadcasting reform, anti-piracy measures, and investment in regional markets.
Kenya's Charles Matata broke the course record to win the men's elite race at the Vedanta Delhi Half Marathon on Sunday, clocking 58 minutes and 52 seconds. Ethiopia's Wudinesh Alemu secured the women's elite title. Indian elite races were won by Shailesh Kushwaha and Ankita Dhyani, with significant prize money awarded across categories.
AI-managed services firm RapidCanvas, with a significant employee base in India, announced on Friday that it has raised USD 29 million (approximately Rs 275 crore) in Series B funding. The round was led by Vertex Ventures SEA and India, with participation from Hitachi Ventures and existing investors. The company plans to use the funds to expand its go-to-market teams, partner network, and grow its employee base and engineering teams in India, the US, and Brazil, while also investing in product development.
L&T Technology Services (LTTS) reported a 66.78 per cent increase in consolidated net profit to Rs 548.2 crore for the July-September quarter of FY27, largely due to a one-time gain from the sale of its Smart World and Communication business. Revenue also grew by 12.1 per cent to Rs 3,040.4 crore. The company secured over USD 200 million in large deal wins, with a significant portion in AI-related projects, and launched an Engineering Intelligence Lab in partnership with NVIDIA.
L&T Technology Services (LTTS) reported a 66.78 per cent increase in consolidated net profit to Rs 548.2 crore for the July-September quarter of FY27, largely due to a one-time gain from the sale of its Smart World and Communication business. Revenue also grew by 12.1 per cent to Rs 3,040.4 crore. The company secured over USD 200 million in large deal wins, with a significant portion in AI-related projects, and launched an Engineering Intelligence Lab in partnership with NVIDIA.
A new report by FICCI, BCG, and IBA outlines that India's banking sector must grow significantly faster than nominal GDP to support a USD 30 trillion economy by 2047, requiring banking assets of USD 45 trillion. The report highlights the sector's current strength, challenges in digitisation, and the need to enhance resilience against fraud and cyber threats, proposing a 13-point agenda for stakeholders.
US President Donald Trump has announced that Washington will end approximately $4 billion in annual assistance to Israel by the end of this year, saying that the country no longer requires American financial support, while Israel's Democratic Party Chairman Yair Golan, belonging to the Anti-Netanyahu bloc, criticised the proposed move, calling it a severe blow to the country's security.
The Andhra Pradesh CID has successfully dismantled a transnational cryptocurrency investment fraud amounting to nearly Rs 15 crore, which targeted a woman from Tenali. The investigation involved tracing funds through multiple crypto wallets and international platforms, leading to the identification of eight accused and securing a court order for the return of the defrauded assets.
Indian badminton players Sonali Singh and Ritika Thaker withdrew from the Korea Open Super 500 women's doubles event on Tuesday, while Achutaditya Rao Doddavarapu and Arjun Reddy Pochana lost in men's doubles qualification. HS Prannoy, Tanvi Sharma, Anmol Kharb, Dhruv Rawat, and K Maneesha are set to compete in other categories.
Temple, a wearable startup by Zomato co-founder Deepinder Goyal, is facing significant scientific scrutiny from doctors regarding its Rs 85,000 forehead-worn device. Critics question the evidence behind its claims of measuring brain blood flow and providing insights into ageing, with prominent hepatologist Cyriac Abby Philips calling it a "scam." Goyal has defended the technology, stating it's a fitness and wellness device, not medical, and that metrics await clinical validation, while also addressing pricing and scientific methodology.
Indian squash player Velavan Senthilkumar secured his second PSA Copper-level title by winning the USD 35,000 Czech Open in Brno.
Indian squash sensation Anahat Singh has made history by reaching her first-ever PSA Gold-level semifinal at the Silicon Valley Open in Redwood City, USA. The 18-year-old defeated Egyptian sixth seed Salma Hany in a thrilling five-game quarterfinal match, following her impressive win against world No.3 Nour El Sherbini a day earlier. She is now set to face Malaysian world No.4 Sivasangari Subramaniam.
Indian stock market benchmark indices Sensex and Nifty experienced a decline in early trade, primarily due to selling pressure in blue-chip IT firms and profit-taking following a recent sharp rally in equities. Track Sensex, Nifty on November 9.
The article explores the growing fascination with American football among Indian Americans, from first to third generations. It highlights how immigrants, initially unfamiliar with the sport, are embracing its strategic depth and social aspects, drawing parallels to cricket's popularity in India. The piece features personal anecdotes, explains the sport's structure, and touches upon its cultural significance and economic scale.
Double Olympic medallist PV Sindhu secured her second title of the season by winning the Hylo Open Super 500 tournament in straight games against Denmark's Line Hojmark Kjrsfeldt. Sindhu displayed superior control and stroke-play, winning 21-12, 21-14 in the final, earning 9200 ranking points and staying on track for the season-ending World Tour Finals.
Delhi Police have arrested two men in Mathura for allegedly operating a cyber fraud scheme that used fake health camps to collect Aadhaar and biometric details from villagers. These details were then used to activate over 3,000 e-SIM cards, linked to frauds worth Rs 2.64 crore. The accused sold activated e-SIMs for profit, with payments made via cryptocurrency.
Indian shuttlers, led by Lakshya Sen, are set to compete at the Kumamoto Masters Japan Super 500 tournament. Sen aims to secure a spot in the BWF World Tour Finals, currently ranking 10th. Other key Indian players like Kidambi Srikanth, Malvika Bansod, and the doubles pair Satwiksairaj Rankireddy and Chirag Shetty will also be in action, looking to improve their rankings and performance.
Pakistan and the Maldives have signed 20 Memorandums of Understanding (MoUs) covering defence, maritime security, artificial intelligence, trade, and other sectors during Maldivian President Mohamed Muizzu's three-day visit to Islamabad. The agreements aim to significantly boost bilateral cooperation and trade, with Pakistan also offering technical expertise and educational opportunities.
India is ranked as a "Rising Contender" in AI by Boston Consulting Group (BCG), indicating high readiness but lower disruption exposure. The report highlights India's strength in its large pool of AI specialists and IT-services workforce. While not yet an "AI Pioneer," India is leveraging its talent advantage, with government initiatives like Yuva AI for ALL and IndiaAI FuturesSkills aiming to upskill citizens and broaden access to AI education. The report emphasizes that execution and talent deployment are crucial for economies to gain ground in AI.
Indian golfer Pranavi Urs, fresh from strong performances including a top-four finish at the Hero Women's Indian Open and an Asian Games gold, is set to compete in the USD 1.2 million Wistron Ladies Open in Chinese Taipei. She will face an experienced international field, including defending champion Yani Tseng and recent Indian Open winner Pornanong Phatlum.
