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.
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.
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.
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.
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.
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.
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.
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 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.
GE Aerospace is set to significantly increase its supply chain spending in India, targeting USD 400 million by 2030, up from USD 200 million in 2025. This expansion reflects the company's commitment to India's burgeoning aviation market, driven by substantial aircraft orders and the strategic importance of its manufacturing and technology centres in Pune and Bengaluru.
NITI Aayog has recommended treating data centres as strategic infrastructure rather than mere investment projects, releasing a report titled 'Data Centre Evaluation Framework to Help States Plan for Sustainable Growth'. The report advocates for common standards, central government guidance, and a structured approach for states to manage data centre growth, considering resource requirements and economic benefits.
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.
Adani Enterprises and US-based Jabil have signed a non-binding agreement to establish a 50:50 joint venture in India. This JV will manufacture artificial intelligence and data centre equipment, including AI racks, servers, storage, networking gear, and cooling systems, targeting both Indian and global markets. The collaboration aims to capitalise on India's accelerating data centre demand and the surging global investment in AI compute infrastructure.
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.
Industry leaders at MRAM Expo 2026 highlighted that India's maintenance economy has the potential to unlock a 1 per cent GDP opportunity. This growth can be achieved by addressing productivity losses from equipment breakdowns, unplanned downtime, and inefficient assets through smarter asset management practices. The NITI Aayog also supports AI-based predictive maintenance for resilient infrastructure, while the Indian Asset Performance Management market is projected for substantial growth by 2033.
Wipro reported a marginal 1.40 per cent decline in consolidated net profit to Rs 3,200.6 crore for the July-September quarter of FY27, despite a 9.1 per cent increase in revenue from operations to Rs 24,752.7 crore.
Civil Aviation Minister K Rammohan Naidu announced India's ambition to produce its first indigenous civilian aircraft within two years through a joint venture. He highlighted the rapid growth of the country's aviation sector, with significant aircraft orders, planned new airports, and potential for manufacturing jet engines and Sustainable Aviation Fuel, underscoring India's increasing role in global aviation.
The International Cricket Council (ICC) has received over one million ticket applications for the ODI World Cup 2027, with the India vs. Pakistan match being the most sought-after, attracting over 100,000 applications. Other high-demand matches include South Africa vs. India and India vs. Australia. The tournament will be held in South Africa, Zimbabwe, and Namibia from October 2 to November 21 next year.
Om Prakash Chouhan is the best-placed Indian golfer, tied fifth, after carding a four-under 68 on the rain-affected opening day of the USD 4 million DP World India Championship at Delhi Golf Club. Play was suspended due to darkness, with Denmark's Niklas Nrgaard leading.
Indian golf stars Shubhankar Sharma and Anirban Lahiri will spearhead a 27-member Indian contingent at the USD four million DP World India Championship. They will compete against a formidable international field, including seven Major winners like Rory McIlroy, at the Delhi Golf Club, starting on Thursday.
India has secured a spot among the top 10 leading emerging-market performers in artificial intelligence (AI) readiness, with private investment in AI more than tripling to USD 4.1 billion in 2025, according to a new World Bank report.
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.
Indian golfers Gaganjeet Bhullar, Karandep Kochhar, and Shiv Kapur are set to compete against a formidable international field, including Major champions Rory McIlroy and Ryan Fox, at the DP World India Championship in New Delhi. The tournament, featuring seven Major champions, will test the Indian contingent's recent form and experience on home turf.
The Sports Ministry has revised its Scheme of Assistance to National Sports Federations (ANSF), significantly increasing financial support for organising international events in India, with up to Rs 50 crore available. The new guidelines also maintain funding for National Championships, introduce assistance for National Games, and outline plans for Olympic Training Centres, aligning with India's 2036 Olympic bid and 2030 Commonwealth Games aspirations.
Prime Minister Narendra Modi and US President Donald Trump held a telephone conversation to review progress in bilateral ties, covering trade, defence, and energy, against the backdrop of heightened trade friction due to the 'Lindsey O. Graham Sanctioning Russia and Iran Act of 2026'.
Sports Minister Mansukh Mandaviya inaugurated the BRICS Traditional and Indigenous Sports Demonstration Games, emphasising India's commitment to placing sport at the core of nation-building through significant investment in infrastructure and grassroots development. He highlighted India's indigenous sports like Mallakhamb, Yogasana, and Kalaripayattu, and discussed the country's ambition to host major international events, including the 2036 Olympic Games.
Indian benchmark indices, Sensex and Nifty, recovered early losses on Wednesday, driven by strong buying in IT stocks and HDFC Bank, sustaining the previous session's recovery despite FII outflows. Track Sensex, Nifty on October 14.
The Delhi Golf Club is set to host the star-studded DP World India Championship from October 15 to 18, featuring top golfers like Rory McIlroy, Tommy Fleetwood, and other Major winners. The USD 4 million event, held at the historic venue, aims to boost golf's profile in India and offer young Indian players a chance to learn from the best.
Microsoft has officially launched its fourth cloud region in India, located in Hyderabad, as part of its USD 20.5 billion investment in the country's digital and AI infrastructure. This new facility, which became available on August 6, features zero-water cooling technology and aims to enhance capacity and resilience for organisations in India and Asia, supporting the nation's rapid digital growth and projected increase in data centre capacity.
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.
Two-time Olympic medallist PV Sindhu advanced to the second round of the Arctic Open Super 500 tournament in Finland. While Sindhu secured a comfortable win, other Indian shuttlers like Unnati Hooda, Ashmita Chaliha, and Malvika Bansod faced defeats, marking a mixed day for the contingent. Tharun Mannepalli and Rounak Chouhan, however, successfully entered the men's singles main draw.
P V Sindhu and Lakshya Sen faced early exits at the Denmark Open badminton tournament on Tuesday, while Kidambi Srikanth and Tanvi Sharma secured hard-fought victories to advance to the second round. Sindhu lost to Yvonne Li, and Sen was defeated by Chou Tien Chen. Srikanth will face Alex Lanier, and Tanvi Sharma will play Yvonne Li next.
Indian stock markets closed lower, with the Sensex falling 429 points, after the Reserve Bank of India raised its benchmark interest rate for the first time in nearly four years, coupled with rising crude oil prices and persistent foreign fund outflows.
Two-time Olympic medallist P V Sindhu was defeated by top seed Ratchanok Intanon in the quarterfinals of the Arctic Open Super 500 tournament. The match went to three games, with Intanon securing a 21-11, 19-21, 21-18 victory. This loss extends Intanon's head-to-head lead over Sindhu to 10-4. Earlier, Sindhu had advanced by beating Riko Gunji. India's men's doubles pair also exited the tournament in the quarterfinals.
The DP World India Championship, co-sanctioned by the DP World Tour and DP World PGTI, is set to begin at the Delhi Golf Club on Thursday. The event features top international golfers like Rory McIlroy and Tommy Fleetwood, alongside a strong Indian contingent including Saptak Talwar, Khalin Joshi, and Veer Ahlawat, who are vying for the DP World PGTI Order of Merit title and a spot on the DP World Tour.
The Reserve Bank of India's recent measures, including a dedicated dollar window for state-run oil marketing companies and tightened foreign exchange derivative rules, are expected to provide near-term relief to the rupee's depreciation, but market participants believe global factors and balance of payment dynamics will continue to exert pressure in the medium term.
Two-time Olympic medallist P V Sindhu has advanced to the quarterfinals of the Arctic Open Super 500 tournament after defeating Japan's Riko Gunji. However, it was a disappointing day for Indian men's singles players, with Tharun Mannepalli, Tanvi Sharma, and Kidambi Srikanth all bowing out of the competition.
US President Donald Trump has extended the USD 100,000 fee on employers for H-1B foreign workers for another year, citing a significant decrease in registrations from large IT outsourcing firms. This move, aimed at protecting American jobs and ensuring highly-skilled workers, also includes a separate proclamation for enhanced scrutiny of H-1B applications, particularly concerning potential layoffs of US workers.
