NVIDIA has acquired AI startup Hugging Face for USD 12.9 billion, aiming to scale its platform, strengthen infrastructure, and expand access to AI for developers and institutions worldwide while maintaining an open ecosystem.
AG.AL has been crowned the Esports World Cup 2026 Club Champion, winning a USD 7 million prize from a record-breaking USD 75 million total pool. Their victory was secured after a dramatic win in Trackmania, capping a seven-week competition.
A new EY India report highlights how young professionals, women wealth creators, entrepreneurs, ESOP beneficiaries, and digitally active consumers from Tier-2 and Tier-3 cities are fundamentally changing India's wealth ecosystem. This shift is evidenced by increased participation of young and women investors, a rise in disciplined investing via SIPs, and the crucial role of Digital Public Infrastructure in democratizing access to long-term wealth creation. The report predicts over 100 million new investors by 2035.
Zoho cofounder Sridhar Vembu dismisses exaggerated fears about AI's catastrophic potential and global development pauses. He advocates for India to adopt an independent AI strategy, fostering partnerships while avoiding entanglement in US-China tech rivalry. Vembu stresses extensive investment in foundational R&D across sectors, distinguishing it from costly frontier AI model development. He also highlights concerns about AI's impact on human judgment, skill erosion, and job disruption, particularly in software engineering, while remaining optimistic about new economic opportunities.
Indian benchmark indices, Sensex and Nifty, closed lower on Tuesday, with the Sensex declining 329.91 points to 74,529.08 and the Nifty dipping 85.30 points to 23,329, primarily dragged by underperformance in IT, financial, and capital goods stocks despite positive global market trends and easing crude oil prices.
The India Junior International Grand Prix badminton tournament is set to begin in Pune, featuring 304 players from nine countries, including top junior talents like Dev Ruparelia. The event, organised by the Poona District Metropolitan Badminton Association, offers a total prize money of USD 15,000 and concludes on August 30.
Foreign institutional investors have withdrawn nearly $40 billion from Indian equities in the last two years and, according to Bernstein analysts, have 'little reason' to invest for the long-term, though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.
Indian benchmark indices Sensex and Nifty opened higher, extending gains from the previous session, driven by a rally in global markets and a slight cooling in crude oil prices. Optimism around a potential meeting between US and Iranian presidents also contributed to positive sentiment.Later both indices pared gains and were trading in red. Track Sensex, Nifty on September 22.
A CNN reporter was denied entry to the White House and had her press pass seized on Saturday (local time), as the Trump administration began enforcing President Donald Trump's announced ban on CNN, MS NOW and Politico from the White House premises.
Indian benchmark indices, Sensex and Nifty, saw declines in early trade due to escalating crude oil prices and ongoing US-Iran hostilities, which subdued investor risk appetite.
Zoho co-founder Sridhar Vembu argues that predictions of AI's catastrophic outcomes are overstated and a global pause in AI development is improbable. He urges India to adopt an independent AI strategy, focusing on extensive foundational R&D across sectors, while remaining wary of market monopolisation attempts by major tech players. Vembu also highlights concerns about AI's impact on human judgment, skill development, and job markets, particularly for junior professionals.
India is actively integrating payment system harmonisation into its Free Trade Agreement (FTA) negotiations, especially with countries hosting a large Indian diaspora. This strategy aims to leverage India's growing fintech ecosystem, facilitate cross-border financial services, and position India as a global hub for financial services exports, particularly through platforms like GIFT City.
The US Department of Homeland Security has proposed an additional fee of USD 103,265 for all H-1B visa cap-subject applications, including those eligible for the advanced degree exemption. This new fee aims to recover interagency costs for immigration programmes and would be paid in addition to existing fees. The proposal is open for public comments for 30 days and has drawn criticism from immigration advocates.
The CBI has arrested Lakhan Jaiprakash Jagwani, a key accused in a case involving the alleged defrauding of US nationals of USD 8.5 million through illegal call centres.
Indian Grandmaster R Praggnanandhaa has secured his spot in the finals of the Grand Chess Tour's last leg, defeating Germany's Vincent Keymer 19-9. He is set to compete against defending champion Fabiano Caruana of the USA for the title.
The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on select UPI payments. The ministry clarified that the NPCI guidelines prioritise RuPay credit cards on UPI to promote domestic alternatives and ensure a self-sustaining revenue model for smaller domestic companies, countering claims of favouring foreign payment providers.
Prime Minister Narendra Modi and Russian President Vladimir Putin held extensive discussions to strengthen bilateral trade, defence, and energy cooperation, while also addressing the ongoing Ukraine conflict and exploring avenues for peace and resolution, with Modi reiterating India's call for dialogue and diplomacy.
Indian stock market benchmark indices Sensex and Nifty recorded their second consecutive day of decline, with the Sensex dropping 555.23 points and the Nifty falling 144.05 points, primarily due to rising crude oil prices and ongoing US-Iran hostilities in West Asia.
Top Indian squash player Abhay Singh, ranked world no. 24, secured his 13th PSA Tour title by winning the Tuanku Muhriz Trophy in Negeri Sembilan, Malaysia. He defeated Hong Kong's Henry Leung in a thrilling five-game final, showcasing his dominance throughout the tournament.
India is strategically positioned to develop a robust domestic semiconductor ecosystem, driven by increasing electronics consumption, strong government support through incentives, and a global shift in supply chains. Boston Consulting Group Managing Director Ankush Wadhera highlights India's potential as a safe haven for investments, with the AI boom further fuelling demand for advanced chips. The nation aims to expand its capabilities across the entire semiconductor value chain, attracting significant global and domestic investments.
Top Indian javelin thrower Sachin Yadav has undergone elbow surgery, forcing him to miss the inaugural World Athletics Ultimate Championships in Budapest, despite being in a qualifying spot. He is currently undergoing rehabilitation and hopes to return next season.
Indian squash player Velavan Senthilkumar secured his first PSA Copper-level title at the Budapest Open, defeating local favourite Balazs Farkas in a dominant final performance. This victory marks his 11th PSA Tour crown and follows impressive wins against Veer Chotrani and Eain Yow.
Infosys Senior Vice President Vikram Meghal stated that India is experiencing a significant demand window in the semiconductor market and must evolve from merely engineering products to inventing complete systems. He highlighted the massive shifts driven by AI and supply chain challenges, urging a focus on "Invent in India" to capture higher value and leverage decades of investment in the ecosystem.
Indian squash players Veer Chotrani and Velavan Senthilkumar have successfully advanced to the quarterfinals of the Budapest Open, a significant PSA copper event in Hungary, showcasing strong performances against international competitors.
India is making a significant push to establish itself as a global semiconductor manufacturing hub, driven by strategic investments and policy support. The upcoming SEMICON India 2026 event will showcase the country's advancements and ambitions in this critical industry, which underpins virtually all modern electronic devices and has faced global supply chain vulnerabilities.
HCL Group, a USD 14.8 billion conglomerate, has announced a new partnership with the DP World Professional Golf Tour of India (PGTI). This collaboration aims to leverage technology and innovation to strengthen India's professional golf ecosystem, broaden the sport's reach, and enhance experiences for players, fans, and partners.
Top US and Chinese officials, including Vice Premier He Lifeng and Treasury Secretary Scott Bessent, held "candid, in-depth and constructive" talks in New York on economic and trade issues, with a specific focus on artificial intelligence. These discussions precede Chinese President Xi Jinping's anticipated visit to Washington and occur amidst new US sanctions targeting countries purchasing Russian oil and gas, and the US unveiling an "AI Force."
Indian javelin thrower Neeraj Chopra has qualified for the prestigious Diamond League Finals in Brussels on September 5, securing his spot despite competing in only two events due to a lower back injury. He also remains on track to qualify for the inaugural World Athletics Ultimate Championships in Budapest.
China has strongly rejected a US bill that would impose tariffs on countries, including India, for purchasing Russian oil and gas. Beijing views the "Lindsey O Graham Sanctioning Russia and Iran Act 2026" as an act of "long-arm jurisdiction" and interference in its sovereign trade relations, asserting that its economic cooperation with other nations is based on equality and mutual benefit.
OpenAI has officially launched GPT-6 Astra, hailed as 'the world's most intelligent and aligned model,' designed to excel in computer browsing, software engineering, mathematics, and enterprise workflows, with immediate deployment for select organisations.
US lawmakers are racing to amend the Russia sanctions bill before recess. One amendment specifically names India, China, and other countries as potential targets for 100% tariffs due to their oil trade with Russia. Another significant amendment proposes to scrap the tariff section entirely, while others address presidential waiver powers and aid to Ukraine.
Arundhati Bhattacharya, Salesforce President and CEO for South Asia, stated that cloud and AI are democratising capabilities, offering India a unique opportunity to leapfrog in technology. Speaking at the IMC Chamber of Commerce, she emphasised that AI will create more jobs and urged Indian businesses to transform using technology, rather than merely digitising. She also highlighted the significant economic potential of AI adoption for India.
Arundhati Bhattacharyya, Salesforce President and CEO for South Asia, highlighted how cloud and AI are democratising capabilities, offering India a unique opportunity to leapfrog in the technology revolution. Speaking at the IMC Chamber of Commerce, she emphasised that AI will create more jobs by addressing unmet business demands and could significantly boost India's GDP, with NITI Aayog estimating a USD 500-600 billion addition by 2035. She urged Indian businesses to transform using technology, focus on data, redesign work, and invest in skills, stressing that AI is not just for large corporations.
Indian squash players Anahat Singh and Ramit Tandon secured victories in their respective first-round matches at the London Squash Classic, a PSA Gold event.
Suchika Tariyal secured India's first-ever medal in mixed martial arts at the Asian Games, winning a bronze in the women's traditional 60kg event. Despite a fiercely contested bout that ended in a draw, she lost the semifinal to Singapore's Hui Hoon Teo due to a lesser weight rule. Tariyal expressed disappointment with the decision but was proud of her historic achievement for the country.
English Premier League clubs set an unprecedented spending record of US$ 4.7 billion in the summer transfer window, significantly outspending other major European leagues.
The US House of Representatives is debating a bill that would authorise the President to impose sanctions on Russia and steep tariffs on its oil and gas trading partners, including India and China. The bill, aimed at pressuring Russia over the Ukraine war, has faced opposition but is expected to be put to a vote.
India's Sports Minister Mansukh Mandaviya has announced the formation of a 10-member Task Force, chaired by Niti Aayog's Yugal Kishore Joshi, to assess the feasibility and challenges of reviving Formula 1 in the country. The committee aims to develop a roadmap for India to host a Grand Prix by 2028, focusing on sustainable growth, policy interventions, and addressing past issues like taxation. The Adani group, owners of the Buddh International Circuit, will also be involved.
Climate scientist Tapio Schneider advocates for expanding early warning systems beyond rainfall events to include other disaster triggers like flash floods, citing the recent Nepal floods. He highlights the inevitability of 1.5 degrees Celsius global warming and discusses the role of advanced climate modelling and AI in improving predictions and research, particularly for regions like India.
Indian Grandmasters Arjun Erigaisi and Nihal Sarin concluded their campaign at the Esports World Cup Chess tournament in the quarterfinals, securing top-eight finishes. Erigaisi was eliminated by Hikaru Nakamura in an Armageddon tiebreak, while Sarin lost to defending champion Magnus Carlsen. Their performance marks India's strongest showing in the event, with both players earning USD 75,000 each from the substantial prize pool.
