Wipro is betting on artificial intelligence (AI) and Cloud computing to earn more from its biggest contributor - the banking, financial services & insurance (BFSI) sector - which brought in 35 per cent of the revenue in FY23. The Bengaluru-headquartered firm also expects its consultancy arm Capco to aid in its vision. "Over the past few years, we have made significant investments in the BFSI sector and have improved our talent, capabilities, and processes in this space - both through organic investments and with the addition of Capco," Suzanne Dann, Wipro's chief executive officer for Americas 2 said.
TRAI Chairman Anil Kumar Lahoti highlights the increasing importance of Artificial Intelligence in the design, management, and experience of telecom networks in India, noting its role in self-optimising networks, cybersecurity, and preparing for 6G technology.
India has highlighted 13 key outcomes from the recent Shanghai Cooperation Organisation (SCO) summit, focusing on enhanced cooperation in security, counter-terrorism, and addressing transnational threats. These outcomes include the establishment of a Universal Centre for Countering Challenges and Threats to Security, a strong stance against state-sponsored terrorism, and agreements on narcotics control, climate change, and artificial intelligence, reinforcing India's engagement in the Eurasian region.
Mukesh Ambani fought back tears as his three children, Akash, Isha, and Anant Ambani, took the stage at the stock market listing of Jio Platforms Ltd, marking an emotional moment that signals the next generation's readiness to lead one of India's largest corporate empires.
Researchers at IIT Indore have developed HGAST, an AI tool designed to correct gender-specific errors in translations from English to Hindi, Marathi, and Gujarati. The tool acts as a correction layer, identifying and rectifying masculine verb forms often used by AI systems when translating female speech, significantly improving accuracy for female speakers without retraining existing models.
Moody's Analytics predicts India will remain the fastest-growing major economy in 2026 and 2027, but its pace will moderate due to a global slowdown, geopolitical risks, and financial market volatility, despite the boost from AI demand.
The Delhi High Court has issued an interim order protecting India cricketer Abhishek Sharma's personality rights, restraining third parties from misusing his name, image, and AI-generated content for commercial or personal gain. The court directed online platforms to remove infringing material, citing the spread of false and obscene content that damages his reputation and commercial value.
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.
The Indian Navy is enhancing its operational capabilities across all domains, including air, underwater, AI, and quantum technology, to become a multi-domain network force. Vice Chief of Naval Staff, Vice Admiral Ajay Kochhar, highlighted lessons from recent conflicts, the exploration of directed-energy weapon systems, and significant procurement plans, including 42 new platforms on order and RFPs issued for LPDs and next-generation frigates. The Navy's focus on indigenous innovation and technology absorption, guided by "scale, sophistication, speed, and spiral development," aims to meet evolving operational requirements and protect maritime interests, especially amidst ongoing global crises.
Google aims to complete the first phase of its 1 gigawatt artificial intelligence (AI) data centre hub in Visakhapatnam by late 2028, with full operations across all phases expected within five years, according to Alexander Smith, Principal of Global Infrastructure and Energy for Asia Pacific at Google.
GE Aerospace is utilising artificial intelligence solutions, developed by its Bengaluru team, to significantly improve aircraft engine inspection, analytics, and maintenance. These innovations have reduced turnaround times by at least five days, enhancing engine durability, reliability, and time on wing, with specific tools like the AI-enabled Blade Inspection Tool cutting inspection times by 50%.
OpenAI has appointed Prabhjeet Singh as its Managing Director for India, a key market for the AI company. Singh, formerly President of Uber India and South Asia, will oversee consumer growth, enterprise adoption, partnerships, and regulatory engagement, reinforcing OpenAI's commitment to India's rapidly expanding AI ecosystem.
Myanmar President U Min Aung Hlaing assured Prime Minister Narendra Modi that Myanmarese territory would not be allowed to be used against India's security interests, as the two leaders held wide-ranging talks to boost bilateral ties in trade, defence, and energy.
External Affairs Minister S Jaishankar met US Secretary of State Marco Rubio on the sidelines of the UN General Assembly session in New York. India raised its concerns regarding the recently signed "Lindsey O. Graham Sanctioning Russia and Iran Act of 2026," which authorises tariffs on countries buying Russian oil and gas. Both leaders also discussed bilateral relations, regional priorities, and the situations in the Gulf and Ukraine.
Gaganyaan astronaut Prasanth Balakrishnan Nair stressed the critical importance of AI sovereignty for national cybersecurity, citing the increasing difficulty in distinguishing between real and fake content due to AI. Speaking at the Kerala Cyber Suraksha Summit, Nair highlighted that future conflicts and industries would involve a 'whole-of-nation approach,' blurring physical and digital boundaries. He urged greater awareness of digital threats and emphasised India's need to build on its technological capabilities in AI and cybersecurity, drawing parallels with the success of Chandrayaan-3. Other speakers also underscored the rising threat of cyberattacks and the potential for Kerala to contribute to national technology requirements.
Vice President C P Radhakrishnan has championed the use of artificial intelligence for good governance, highlighting its potential to improve government services and build an inclusive and efficient India.
Andhra Pradesh and Punjab National Bank (PNB) have signed an MoU to establish the PNB Quantum Finance Hub at Amaravati Quantum Valley. This initiative aims to foster innovation and adopt next-generation technologies like AI and Quantum Computing in the banking sector, focusing on cybersecurity, fraud detection, and customer experience.
Congress leader Rahul Gandhi addressed the 'Chhatron Ki Goonj' programme in Prayagraj, emphasising that India's youth are its greatest strength. He raised concerns about the lack of employment opportunities, the declining value of educational credentials, and issues like exam paper leaks, urging youth to bring change through love and affection.
NITI Aayog member Abhay Karandikar stated that the US government's new export controls, which led AI giant Anthropic to take its latest models offline, underscore the critical need for India to achieve self-reliance in technology development, particularly in AI infrastructure and hardware.
Experts believe adoption of AI in developing countries will be much faster than in developed nations, as the magnitude of change it will bring will be far larger.
Generative artificial intelligence (AI) is beginning to alter hiring patterns in South Asia, with multinational companies (MNCs) and firms integrated into global value chains (GVCs) reducing recruitment more sharply than domestic firms, signalling the technology's early impact on the region's export-oriented services sector, according to the World Bank's World Development Report 2026.
Sridhar Vembu, Zoho Corporation Founder, states that the IT industry is not generating new jobs due to funds being redirected towards the escalating costs of AI and data centre infrastructure. He highlights a structural economic challenge where advanced technology, while making goods affordable, creates income distribution issues and suggests that solutions like Universal Basic Income might gain traction, especially in countries like India.
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.
Dell Technologies is significantly expanding its domestic manufacturing in India, with a majority of its servers now produced locally, driven by data sovereignty and AI adoption. The company also launched new AI infrastructure solutions, including PowerStore Elite, designed for secure on-premises data management and AI workflows, while asserting that AI creates more jobs.
The merged InsuranceDekho-RenewBuy entity aims to significantly expand its distribution network across India, offering insurance, mutual funds, and loans, with a strong focus on 'Bharat' (rural India), according to CEO Ankit Agarwal.
Indian equities, particularly the Nifty 50, have significantly underperformed their Asian and global counterparts over the past year, with the index down 10.6 per cent. This lag is attributed to factors like rising global oil prices, rupee depreciation, and a lack of participation in the global chipmaker rally that boosted markets like South Korea and Taiwan.
According to Microsoft CEO Satya Nadella, data today shows that the world GDP growth is not "something great" and that calls for the need for new innovations like AI being taken very seriously.
Indian information technology (IT) stocks, led by Infosys, experienced a significant selloff, dragging the Nifty to a two-month low, primarily due to escalating West Asian tensions pushing crude oil prices higher, and concerns over upcoming large IPOs diverting funds from secondary markets. The sector is also grappling with the long-term implications of AI disruption.
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.
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.
At a valuation of around Rs 10 trillion, Tata Sons would rank among India's 10 largest listed companies and could qualify for inclusion in key indices such as the Nifty 50, Sensex and the Nifty 100.
Digital services major Jio Platforms is anticipated to list on the stock exchange by the end of October, with an estimated enterprise valuation of USD 143-146 billion, making it India's largest public offer at around USD 3.8 billion.
A new report by Philips indicates that Artificial Intelligence is significantly enhancing healthcare in India, with 71% of professionals reporting increased patient capacity and 85% believing it improves patient outcomes. AI is also seen as a tool to improve access to quality healthcare in rural areas, with patients also embracing its benefits for more meaningful interactions with doctors.
Chief Economic Adviser V Anantha Nageswaran has urged the industry to invest in skilling, capability development, and innovation to counter the challenges posed by artificial intelligence, particularly for Global Capability Centres (GCCs). He noted that while the government has supported GCCs through Budget measures like simplifying transfer pricing and promoting expansion into tier-II/III cities, industry must move beyond low-cost execution to thrive in an an AI-driven landscape. Nageswaran emphasised that AI displaces routine tasks, necessitating a focus on higher-value work and continuous skill enhancement to maintain India's competitive edge.
Karnataka Chief Minister Siddaramaiah has called for the establishment of a Supreme Court bench in South India to improve accessibility to justice. Speaking at a conference on Artificial Intelligence in the judiciary, he also highlighted the need to address algorithmic bias and ensure judicial independence in the age of AI.
Russian President Vladimir Putin has proposed a new investment platform, based on the New Development Bank (NDB), to fund projects in trade, infrastructure, logistics, and technology across BRICS nations, emphasising that the grouping's expanding economic cooperation is not 'against anyone' but aims to advance members' national interests.
Senior Indian officials highlight the indispensable role of the private sector in translating India-US cooperation in AI, semiconductors, quantum technologies, and critical minerals into tangible outcomes. The collaboration aims to build trusted, resilient technology ecosystems and position India as a global electronics and semiconductor hub.
India's cybersecurity agency, CERT-In, has issued a critical advisory warning about autonomous AI agents accessing sensitive data of Indian organisations without authorisation. Government sources on Friday emphasised the need for companies to bolster cybersecurity measures and monitor system activity, noting that while no major compromise occurred, the incident serves as an early warning. Future AI regulation is expected to address the risks posed by these agents.
EY India has launched its Cyber Performance Management (CPM) platform, an integrated solution designed to help enterprises quantify and manage cyber risk in real-time. This platform leverages AI and cybersecurity to provide decision intelligence, enabling organisations to identify and address threats proactively and translate cyber exposure into financial insights.
