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.
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.
Indian benchmark indices, Sensex and Nifty, traded flat in early deals due to elevated crude oil prices exceeding USD 100 per barrel and persistent geopolitical tensions, which subdued investor risk appetite.
Indian benchmark indices, Sensex and Nifty, closed higher on Thursday, breaking a three-day losing streak, driven by late buying in financial heavyweights like HDFC Bank and Axis Bank, despite persistent geopolitical tensions and crude oil prices exceeding USD 100 per barrel.
'India may never fully participate in the AI hype cycle, but we can position ourselves to benefit from its inevitable disenchantment and the cycle of disillusionment,' alerts Akash Prakash.
Indian benchmark indices Sensex and Nifty experienced a decline in early trade, mirroring weak global market trends and persistent outflows from foreign institutional investors (FIIs), exacerbated by ongoing geopolitical uncertainties in West Asia.
Indian benchmark indices Sensex and Nifty experienced a significant slump in early trade, mirroring a bearish trend in global equities, as escalating conflict in West Asia drove up crude oil prices and intensified investor concerns.
Indian benchmark stock indices, Sensex and Nifty, rallied significantly, with Sensex jumping over 1,500 points and Nifty reaching a nearly three-week high, driven by strong buying in banking, IT, and Reliance Industries stocks, alongside easing crude oil prices.
Indian benchmark stock indices, Sensex and Nifty, closed lower due to profit-taking, a spike in wholesale price-based inflation, and firm crude oil prices, despite some support from easing intraday crude oil prices and rupee appreciation.
Indian benchmark indices Sensex and Nifty experienced volatile trading, influenced by elevated crude oil prices, high US bond yields, and selling pressure in IT stocks, despite an early rebound.
Indian benchmark stock indices, Sensex and Nifty, advanced for the second consecutive day, driven by softening crude oil prices and a positive trend in global markets. Despite some profit-taking in IT and metal shares, auto stocks outperformed, contributing to the overall gains.
Zoho Corporation has paused annual pay hikes and reduced marketing expenditure, citing a four-fold increase in server prices for AI infrastructure and an uncertain software sector outlook, according to founder Sridhar Vembu.
Indian benchmark equity indices, Sensex and Nifty, ended sharply lower, with the Sensex tumbling 876.37 points and the Nifty dropping below 22,900, primarily due to a decline in private bank stocks like HDFC Bank and Axis Bank, alongside weak global market trends.
Indian equity benchmark indices extended losses for a second consecutive session, with the Sensex dropping 143 points, driven by a sell-off in power, banking, and financial stocks, coupled with elevated crude oil prices and persistent FII selling.
Indian benchmark indices, Sensex and Nifty, experienced declines in early trade due to elevated crude oil prices, escalating US-Iran hostilities, and renewed concerns over a potential US interest rate hike.
Indian stock market benchmark indices closed higher, driven by strong performance in blue-chip bank shares and a positive trend in global markets, with hopes of progress in US-Iran peace negotiations also contributing to optimism.
RBI Governor Sanjay Malhotra reiterated India's cautious stance on cryptocurrencies due to concerns over monetary sovereignty and capital flows, while actively promoting underlying technologies like distributed ledger technology and tokenisation. He also addressed the global rise in public debt and hardening bond yields, attributing it to increased government and private spending, including that driven by AI, and noted the implications of global interest rates on India's monetary policy.
US President Donald Trump has issued a waiver from sanctions under the Sanctioning Russia and Iran Act, citing national interest. This move comes after a deal with Russia for diesel supply and ahead of a US official's visit to India, where concerns about the act's impact on India's oil imports were raised.
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.
Indian benchmark indices, Sensex and Nifty, experienced a significant drop of over 1 per cent, driven by a bearish trend in global markets, weakness in HDFC Bank and IT firms, and fresh foreign fund outflows.
Sivakasi, India's fireworks capital, is eyeing global markets as green crackers, rising demand and interest from overseas buyers offer a chance to challenge China's dominance.
Analysts predict that the Indian stock market's sentiment this week will be primarily influenced by the domestic GDP data announcement, crude oil prices, and the crucial US non-farm payrolls report.
Indian benchmark indices Sensex and Nifty opened higher, driven by a significant drop in crude oil prices and a positive trend in global equities, with foreign fund inflows further bolstering domestic markets.
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.
Indian benchmark stock indices, Sensex and Nifty, experienced a significant drop on Monday, with the Sensex falling by nearly 548 points, primarily due to a fresh spike in crude oil prices, persistent foreign fund outflows, and rising bond yields.
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.
Former President Donald Trump's recent deal with Russia to supply diesel to the US and global markets has ignited a political firestorm, drawing sharp criticism from Ukraine's President Volodymyr Zelenskyy, Democratic leaders, and a segment of Republicans, despite the US Treasury lifting sanctions on Russian diesel supplies.
Indian benchmark indices, Sensex and Nifty, closed significantly higher, driven by a combination of easing crude oil prices, fresh foreign fund inflows, and a positive trend observed in global equities.
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.
Foreign Portfolio Investors (FPIs) became net sellers in September, withdrawing Rs 35,860 crore from Indian equities due to global uncertainties, high US interest rates, and elevated crude oil prices, with outflows continuing into October.
After a significant 9.9% depreciation in FY26, the Indian rupee has shown comparative stability in the first half of FY27, depreciating by only 1.1%, attributed to regulatory interventions and measures to attract foreign capital, despite ongoing global pressures from rising crude oil prices and foreign investor outflows.
Prime Minister Narendra Modi has urged for a global framework to combat cross-border cyber frauds and deepfakes, highlighting the need for governments, tech companies, telecom operators, and financial institutions to collaborate. Speaking at the India Mobile Congress 2026, Modi stressed that technology thrives on trust and that India is ready to share its expertise in tackling cyber threats. He also noted the rapid expansion of 5G and the success of digital governance initiatives like Direct Benefit Transfer.
US Secretary of State Marco Rubio's visit to India this week underscores the complex dynamics of global energy policy, as Washington re-evaluates sanctions on Russian oil buyers amidst India's continued reliance on Russian crude.
Indian benchmark indices, Sensex and Nifty, experienced subdued trading and turned flat on Tuesday as investors engaged in profit-booking following a recent rally, compounded by weak Asian market trends and fresh foreign fund outflows.
The Indian government has revised its windfall tax on fuel exports, increasing the levy on petrol exports to Rs 2.5 per litre while cutting the duty on diesel exports to Rs 8.5 per litre, effective October 16.
Mahindra Group's Bristlecone, a supply chain services provider, reported a 24 per cent year-on-year growth. The company is pursuing a "project unicorn" initiative to achieve a billion-dollar valuation in a few years, driven by expanded offerings, strategic investments in AI and IP, and a focus on resilient supply chains.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, influenced by the escalating US-Iran standoff and persistently high crude oil prices, with experts predicting increased volatility.
Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade, driven by a recovery in world markets due to easing US Treasury yields and fresh foreign fund inflows, halting a multi-day losing streak. Track Sensex, Nifty on August 20.
Global payments solution major Mastercard has fully exited Indian fintech firm Pine Labs, selling its entire 4.31 per cent stake for Rs 933 crore through block deals on the BSE.
