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.
Sustained selling by foreign investors is weighing on domestic equities, with the benchmark Sensex and Nifty 50 down 15.60 per cent and 14.4 per cent, respectively, this year.
The Bombay High Court has quashed a 2016 FIR against a teacher and college management in connection with the drowning of 14 students off Murud beach. The court ruled that the victims were adults capable of understanding the consequences of their actions and found no gross negligence by the teachers. It also called for better implementation of safety norms at beaches.
A Delhi court has denied anticipatory bail to a university professor accused of raping a former student and threatening to circulate her objectionable videos. The court cited WhatsApp chats indicating coercion and the risk of witness tampering and evidence destruction if bail were granted. The investigation has been assigned to a senior police officer.
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India has established a high-level inter-ministerial body, the AI Governance and Economic Group (AIGEG), to steer the country's national AI governance strategy. The AIGEG will coordinate policy across ministries and oversee cross-sectoral governance issues, supported by a Technology and Policy Expert Committee (TPEC).
Foreign Portfolio Investors (FPIs) have withdrawn Rs 44,166 crore from Indian equities in October, pushing the total outflows for the year past Rs 3 lakh crore, driven by elevated crude oil prices, a stronger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.
An Australian public servant of Indian origin, Suyash Sinha, has been arrested and denied bail in Canberra for allegedly stalking a woman and threatening to use government databases to obtain information about her and her family. Sinha, who became an Australian citizen last week, is accused of continuing to harass the woman after she rejected his advances, even claiming he could access her family's details through government systems. The case has been adjourned to November 4.
Nasscom has warned that India's technology workforce risks becoming merely AI-reliant rather than truly AI-native if deep engineering expertise is not preserved. The industry body highlights that while many professionals adopt AI, only a fraction are AI-native, necessitating a shift in academic and industry approaches to foster foundational skills and independent problem-solving.
Faridabad police have arrested three individuals for robbing a man of Rs 32,500 at knifepoint after luring him through the dating app Grindr. The victim was taken to a secluded spot, assaulted, and robbed, with the extorted money later deposited into an online betting site.
"Pressure on the current account is a temporary problem. Sooner rather than later, our external sector will improve," said RBI Governor Sanjay Malhotra.
A special CBI court in Mumbai denied bail to Sandeep Mistry, an associate of fugitive businessman Nirav Modi, in the multi-million-dollar Punjab National Bank (PNB) scam. The court cited Mistry's history of destroying evidence and his absconding for seven years as reasons for the denial, expressing concerns about securing his presence during the trial if released.
'The Indian market has struggled over the past two years.' 'It peaked in September 2024, and although it has moved up and down since then, investors have not really made money.'
FATF Vice-President Vivek Aggarwal has urged the fintech industry to increase investments to combat emerging threats from AI, scam compounds, virtual digital assets, and quantum computing. He warned that these technological challenges pose a significant risk to India's rapid growth in the fintech sector, highlighting a current lack of adequate investment and risk realisation within the industry.
A video showing a senior woman IPS officer, Ankita Sharma, firing an AK-47 during a traditional Shastra Puja on Dussehra in Rajnandgaon, Chhattisgarh, has gone viral. The incident has ignited a debate over weapon handling protocols and safety, with some defending her actions as tradition while others, including military experts, criticised the perceived recklessness.
Meta's new Muse Image AI generator, which can create AI images from public Instagram accounts without explicit consent, has sparked significant privacy concerns and criticism over its 'opt-in-by-default' approach, raising fears of deepfakes and online impersonation.
Surat Police have arrested a medical shop owner for allegedly repackaging veterinary feed supplement as paediatric medicine and selling it at a higher price. The accused transferred Himalaya Liv.52 Protec Liquid Veterinary Feed Supplement into smaller bottles and affixed counterfeit labels of Himalaya Liv.52 Drops, a product for children.
The CBI has arrested Anil Kumar, a senior executive at Munitions India Limited (MIL), for allegedly taking bribes and disclosing sensitive defence information related to a Rs 500 crore supply contract. The FIR also names SMPP CEO Ashish Kansal. Kumar is accused of routing illicit proceeds through family members, compromising national security.
Bank fraud is no longer just an external cyber threat -- insiders with legitimate access can exploit banking systems, trusted credentials and institutional blind spots to quietly siphon money.
Indian benchmark equity indices, Sensex and Nifty, closed lower for the fourth consecutive session, driven by a surge in crude oil prices above USD 114 per barrel due to escalating tensions in West Asia, coupled with broad-based selling and FII outflows.
Finance Minister Nirmala Sitharaman met with bank heads to discuss risks related to Artificial Intelligence (AI) following global concerns over Anthropic's Mythos model threatening data security of financial systems.
A Delhi court has granted bail to Nigerian national Nwachukwu Benjamin Odinaka, who was arrested for allegedly possessing forged passports and visas. The court noted he had been in jail for 13 months, the investigation was complete, and no charges under the stringent NDPS Act were applicable to him.
SEBI Chairman Tuhin Kanta Pandey stated that cybersecurity is now a board-level concern, not just an IT challenge, emphasising the need for caution when deploying artificial intelligence in critical infrastructure. He highlighted that AI for cybersecurity must be secure, governed, and accountable, and also addressed the emerging risks from quantum computing, urging collective resilience and sharing of best practices among regulators.
Former HCL Technologies CEO Vineet Nayar's new book, "Humans First, Machines Second: 30 Sparks for Winning in the Age of AI," argues that the greatest risk of the AI era is not advanced machines, but humanity losing faith in its unique capabilities. The book advocates for investing in human potential over solely adopting technology faster.
Former HCL Technologies CEO Vineet Nayar's new book, "Humans First, Machines Second: 30 Sparks for Winning in the Age of AI," argues that the greatest risk of the AI era is not advanced machines, but humanity losing faith in its unique capabilities. The book advocates for investing in human potential over solely adopting technology faster.
Indian lawyer Vijay Aggarwal, currently in London on sexual assault charges, now faces accusations of rape and facilitating exploitation. His assistant and another individual are also implicated. Aggarwal, known for representing Mehul Choksi, was denied bail due to flight risk and concerns over a "sinister recruiting campaign." The trial is scheduled for March 2027.
The aim is to win over the country's enterprises, developers and startups as AI systems shift from answering questions to autonomously executing tasks.
Azim Premji's private investment firm, Premji Invest, has quietly built a formidable portfolio of 11 AI startups, primarily in the US, with a combined valuation of $43 billion. The firm has participated in 19 funding rounds since 2021, with a notable focus on US-based companies, many of which were founded by Indian entrepreneurs.
Prime Minister Narendra Modi, at the India Mobile Congress (IMC) 2026, articulated a vision for India's communications sector, emphasizing a global framework to combat cyber frauds and deepfakes. He called for India to become a hub for innovation and product development for the world. Industry leaders lauded his vision, highlighting India's robust digital infrastructure and its journey towards becoming a global technology leader, with a focus on trust, security, and responsible innovation.
RBI Deputy Governor Rohit Jain highlighted that banks are well-positioned to deploy $133 billion mobilised through FCNR(B) deposits, especially with strong credit demand ahead of the festival season, while also stressing the importance of robust technology governance and cyber defences in the financial sector.
A station house officer (SHO) in Ambala was critically injured after being attacked by a group of youths with knives and bricks while intervening in a scuffle. SHO Suresh Kumar was referred to PGIMER, Chandigarh, in critical condition, and an investigation is underway to apprehend the assailants.
A textile company director in Thane was allegedly defrauded of Rs 20.58 crore by five individuals who promised to secure loans for factory expansion and government uniform supply contracts. The accused reportedly misused financial documents and misappropriated funds.
State Bank of India Chairman C S Setty stated that banks will take three to four months to deploy the significant funds mobilised through foreign currency non-resident (bank), or FCNR(B), deposits, which is unlikely to cause "abnormal lending". He also highlighted the need for agentic artificial intelligence (AI) costs to fall sharply for its widespread deployment in India, envisioning its role in transforming banking from fraud detection to personalised financial assistance.
Dr Lovi Raj Gupta, pro vice-chancellor, Lovely Professional University, explains how aspiring professionals can equip themselves for a competitive AI-driven job market.
Chief Justice of India Surya Kant highlighted the rapid integration of Artificial Intelligence into arbitration practices, expressing concerns about its accuracy, authenticity, and ethical use. He stressed the need for mandatory disclosure when generative AI is used in preparing legal documents and reports, advocating for shared standards to manage deepfakes and AI-generated material. The CJI also encouraged embracing AI for efficiency in tasks like e-discovery while preserving core arbitration principles.
Shiprocket plans to allocate a significant portion of its IPO proceeds towards artificial intelligence (AI), aiming to evolve its e-commerce enablement platform into a comprehensive operating system for merchants, enabling conversational commands and reducing manual tasks.
A new study challenges the common belief that menopause is a gradual process, revealing that the female body undergoes abrupt, "physiological cliff"-like changes in various health measures around the time of the last menstrual period. These shifts, observed in over one million women, begin more than a decade before menopause, offering a new window for preventive care.
'The government has to act as one unit since the threat from these newer models will soon scale up.'
''When these agents are deployed at enterprise-grade scale, your risk will not just amplify, it will mutate.' 'And the reason is because you will have ungoverned agents.'
A new US study reveals that individuals with high neuroticism are more susceptible to prolonged mental distress during crises like the COVID-19 pandemic. The research, based on over 100,000 survey responses, found that neuroticism significantly increased anxiety and depression symptoms, persisting even into the post-pandemic period. The findings suggest personality traits can help identify vulnerable groups for targeted mental health support.
