Telangana IT Minister D Sridhar Babu stated that Gen Z will be the driving force behind the next wave of AI and green innovation. He urged young innovators to use their skills to solve real-world challenges, particularly in sustainability. The launch of the Green Skills and Applied AI Centre of Excellence in Hyderabad, a partnership between Telangana's IT Ministry, Microsoft, 1M1B, and MeitY Startup Hub, aims to equip graduates with industry-relevant skills in AI, green pharma, solar energy, EVs, and wind energy, with 100 job offers already announced.
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.
Infosys CEO Salil Parekh stated on Tuesday that the company's AI services, currently contributing over 8% of revenue, are growing rapidly and could account for almost half of its work within two to three years. He highlighted the strong demand for AI services, the company's hiring and training efforts for graduates in AI, and discussed potential risks like infrastructure challenges and societal backlash.
Reliance Industries Ltd (RIL) has publicly welcomed competition from Elon Musk's Starlink in the satellite communications sector, asserting that all players, including Jio, must abide by Indian laws and policies.
African digital financial services platform, Airtel Money, has successfully debuted on the London Stock Exchange, marking the exchange's largest initial public offering (IPO) in several years with an implied market capitalisation of about USD 7 billion.
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.
Jio Platforms Ltd's (JPL) public offer, valued at Rs 30,213 crore, was fully subscribed within 100 minutes of opening, making it the fastest-ever subscribed IPO in India, driven by strong institutional demand.
Indian equity benchmarks, the Sensex and Nifty, opened higher on Friday, driven by a strong rally in IT stocks, despite a significant overnight decline in US technology shares and broader Asian markets. Experts anticipate further market support from falling US bond yields, a strengthening rupee, and a substantial liquidity inflow following the Jio Platforms IPO allotment. Track
The Gujarat High Court reprimanded journalist Ravi Nair for failing to disclose that he had already sought bail from a lower court while simultaneously requesting an urgent hearing in the High Court regarding his arrest in a criminal defamation suit filed by Adani Enterprises. The High Court disposed of his plea, noting he had already been granted bail by a sessions court.
Jio Platforms Ltd's Rs 30,213-crore initial public offering (IPO) has garnered bids worth Rs 3.73 lakh crore, achieving a subscription rate of 5.57 times the shares on offer, driven by robust institutional and anchor investor demand.
The Goods and Services Tax (GST) Council has announced that Input Tax Credit (ITC) will now be available on health and life insurance policies provided by employers to their employees, a move expected to significantly reduce costs for businesses, especially MSMEs.
Jio Platforms' initial public offering has garnered an overwhelming institutional demand of approximately Rs 2.5 lakh crore, significantly exceeding its Rs 8,110-crore anchor book, with global and domestic investors vying for a stake in the Reliance Industries subsidiary.
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.
Data infrastructure company NetApp has introduced Novus, a new storage architecture designed for large-scale AI factories, alongside significant enhancements to its AI Data Engine, hybrid multi-cloud operations, and strategic partnerships with Nutanix and SAP. These initiatives aim to improve data management, security, and efficiency for AI workloads and enterprise cloud infrastructure.
Coursera found that nearly 94 per cent of employers of professionals who took micro-credential courses on the platform said these professionals could command higher salaries than their peers.
Karnataka authorities conducted a three-day statewide crackdown on illegal diversion of subsidised Public Distribution System (PDS) foodgrain, seizing 5.65 lakh kg of rice and 24 transport vehicles worth a total of Rs 4.76 crore. Six criminal cases have been registered against nine individuals, and two officials have been suspended for dereliction of duty.
Nasscom President Rajesh Nambiar stated that artificial intelligence is not making India's Business Process Management (BPM) industry obsolete but is instead driving its significant reinvention. He highlighted that the sector has an opportunity to become the world's "intelligent operations and transformation hub" by leveraging AI, analytics, and cloud-based operations, moving beyond traditional call centres. Nambiar outlined three key priorities for the industry, including reimagining processes, building hybrid human-AI operating models, and redefining India's global BPM representation.
Salesforce executives, including South Asia CEO Arundhati Bhattacharya, predict a significant shift in India towards wider enterprise AI adoption, moving from experimentation to production deployments. The company plans to invest in physical infrastructure and talent upskilling in India. Salesforce's vision for the "agentic enterprise" involves a four-layer architecture, emphasising the need for robust security and governance for autonomous agents. Executives also highlighted the evolving nature of jobs, with AI handling repetitive tasks and creating new specialised roles, positioning India as a potential leader in agentic innovation by 2030.
Cummins India has announced the appointment of Gbile Adewunmi as its new Managing Director, effective November 1. Adewunmi, currently VP for Power Systems Industrial Markets, will also take on CEO responsibilities, highlighting India's strategic importance to Cummins.
Cummins India has announced the appointment of Gbile Adewunmi as its new Managing Director, effective November 1. Adewunmi, currently VP for Power Systems Industrial Markets, will also take on CEO responsibilities, highlighting India's strategic importance to Cummins.
Leading private banks in India, including HDFC Bank, ICICI Bank, and Axis Bank, experienced a decline in net interest margins (NIMs) during the second quarter of the financial year due to significant deposit mobilisation under the Foreign Currency Non-Resident (Bank), or FCNR (B), scheme. However, banks anticipate a recovery in margins in the coming quarters as these funds are deployed and the interest-rate cycle supports lending yields.
Tata Consultancy Services (TCS) has announced a global partnership with AI major Anthropic to help enterprises accelerate their adoption of artificial intelligence, including equipping 50,000 TCS employees with Anthropic's Claude AI models.
Forty-two naval vessels are already on order, while the navy has the government's initial go-ahead to procure another 78 ships and submarines and 120 fast interceptor craft, worth approximately Rs 2.41 trillion.
Small and medium enterprise (SME) initial public offerings (IPOs) in India are significantly underperforming mainboard listings, with 81 out of 161 SME IPOs trading below their issue price this year, and a median return of -0.2 per cent compared to a 24 per cent gain for mainboard issues.
A joint report by Dell Technologies and Zinnov reveals that despite high ambition, nearly 70% of India's Global Capability Centres (GCCs) are stuck at the pilot stage for AI adoption. Foundational gaps in data, infrastructure, and governance are identified as key bottlenecks preventing the scaling of AI initiatives into enterprise-wide production. The report highlights the need for significant reskilling of the workforce and robust foundations for industrialising AI responsibly.
UEFA President Aleksander Ceferin launched a scathing attack on FIFA President Gianni Infantino, likening his abandoned plan to sell a stake in FIFA's commercial rights to Hans Christian Andersen's 'The Emperor's New Clothes', accusing Infantino of using 'convenient words' to mask uncomfortable realities.
A SAP study reveals that Indian enterprises are rapidly moving from AI experimentation to value-driven implementation, positioning India as a global leader in enterprise AI adoption. Indian organisations plan significant investments in AI, with projected fivefold growth in Agentic AI returns and a high percentage of businesses having defined AI strategies and dedicated AI leaders.
The Sports Authority of India (SAI) and Indian Oil Corporation have signed an MoU for Rs 40 crore over two years to bolster boxing in India. This partnership, leveraging CSR funds and SAI's expertise, aims to enhance talent identification, athlete development, coaching, and international exposure for boxers, aligning with the revamped Khelo India Scheme.
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.
The All India Mobile Retailers Association (AIMRA) has announced a nationwide 'No UPI Day' protest on October 2 against the proposed 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000. Retailers argue that this charge will burden small businesses and impact their already thin profit margins, urging policymakers to withdraw the proposal.
A global research report by HCLTech indicates that integration has surpassed supply chain constraints as the primary challenge for the semiconductor industry. The study, which surveyed 300 senior leaders, highlights increasing dependency on semiconductors across industries, with 98% of enterprises more reliant now than three years ago and 99% expecting further increases. AI is also driving the strategic importance of semiconductor architecture.
Sikkim has hosted the inaugural leg of the 2026 Zabarvan Extreme Legends Series, an international downhill mountain biking competition. The event, featuring riders from eight countries, aims to bolster the state's adventure tourism profile. Chief Minister Prem Singh Tamang flagged off the competition and highlighted plans for infrastructure development to support tourism in the region.
'The Rs 35,000 crore of capex every year, I don't get to sign 35 paise out of this.'
Infosys co-founder Nandan Nilekani has dismissed fears that artificial intelligence will lead to job losses in India's IT services sector, calling such concerns "hogwash" and "disaster marketing." Speaking at the Bloomberg New Economy Forum 2026, Nilekani argued that AI will actually increase demand for IT firms as it necessitates complex business transformations and creates new types of jobs, particularly in small businesses.
Akash Ambani is leading Jio Platforms' initial public offering (IPO), set to be India's largest, with a strategy that includes appealing to regional investors and drawing parallels to his grandfather Dhirubhai Ambani's historic public listing of Reliance Industries.
Indian IT stocks have experienced their most significant weekly surge in 18 years, with the Nifty IT index climbing 11.72 per cent, as a global sell-off in AI-linked equities redirected investor attention towards India's IT services sector. This shift aligns with a JP Morgan report identifying India as a 'natural AI hedge' due to its large, liquid market and strong domestic institutional investor base.
Both journeys teach us the importance of active humility.
Finance Minister Nirmala Sitharaman has called upon Indian industry to prioritise not just scale but also resilience, better governance, and deeper technological capabilities to achieve the 'Viksit Bharat' goal by 2047.
India's IT services industry is witnessing a surge in mergers and acquisitions, particularly among mid-cap companies, as AI-led pricing pressure and macroeconomic uncertainty compel firms to seek scale, capabilities, and broader market reach. This trend is exemplified by the recent merger of Happiest Minds Technologies and ITC Infotech, aiming to offer end-to-end solutions and compete for larger transformation programmes.
NetApp CEO George Kurian announced that India is the company's fastest-growing market in Asia, driven by strong performance in BFSI, manufacturing, IT services, and public sectors. The company's Bengaluru global capability centre is its largest, housing 4,000 engineers and leading global R&D. NetApp also unveiled new AI-focused storage solutions and cloud partnerships at its Insight event.
