INDIAN DEVELOPERS
HCA Global pre-leases 6.44 lakh sq ft in Mindspace Hyderabad; rental outgo Rs 945 crore
HCA Healthcare’s Indian subsidiary, HCA Global Services, has pre-leased 6.44 lakh sq ft of office space at Mindspace in Hyderabad for 10 years, with a total rental outgo of around Rs 945 crore. The lease, covering seven floors in Building No. 8, will begin on September 1, 2027, at a monthly rent of Rs 7.09 crore, with an annual escalation of 4.5%.
ET AI Business Transformation Masterclass heads to IIM Bangalore to decode enterprise AI adoption
The AI Business Transformation Masterclass & Awards 2026 at IIM Bangalore will feature leaders from IndusInd Bank, PhonePe, PepsiCo, Shadowfax, Myntra, Shopify, NVIDIA and other organisations. Sessions will cover agentic AI, voice technology, supply chains, contextual commerce and physical AI, followed by the ET Most Innovative AI Product Awards 2026.
Deepinder Goyal's $900 Temple wearable faces scrutiny over brain blood-flow claims
Temple, a new wearable device, claims to track blood flow to the brain and other health metrics. Indian doctors express concerns over the validity of these claims, asking for regulatory scrutiny. Some sportspersons promote the device, while critics label it a gimmick without formal medical approvals. Developer Deepinder Goyal states the device is a wellness tracker, not a medical one.
India's battered rupee finds an unlikely rescue party in cheaper oil and Wall Street's AI rout
As crude oil prices fall, India's import costs see a positive shift, bolstering the rupee's steadiness. The return of foreign portfolio investors to the Indian equities market, following significant sell-offs in October, has led to the rupee appreciating against the dollar. Enhanced energy supply is expected to mitigate inflation risks, contributing to a potential stabilization range of ₹92 to ₹93 per dollar for the currency.
Indian IIT talent thrives in Japan's MIRAI-Setu programme as nations near 75th anniversary
As India and Japan approach 75 years of diplomatic ties in 2027, 40 IIT and IIIT students visited Japan under the "Foster System = MIRAI - Setu" programme. Immersed in Japanese universities and corporations, they developed strong industry insights, proposing innovative solutions for bilateral growth.
Matthew VanDyke mocks Indians after release? Brahma Chellaney calls it ‘shocking’, revives ‘soft state’ criticism
Brahma Chellaney has called the release of Matthew VanDyke and six Ukrainian nationals from an Indian prison shocking, alleging that their departure followed Marco Rubio's intervention. His criticism comes as VanDyke posts about his detention and says he will disclose details of the case.
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Earnings recovery, FII revival: 5 factors that will shape Dalal Street's next move after Q2
Indian equities are recovering as stronger Q2 earnings, renewed FII inflows and attractive largecap valuations lift sentiment. Analysts identify five key triggers for Dalal Street’s next move, including global AI volatility, geopolitical risks and sectoral flows.
AI pushes B-schools to rethink curriculum, skills and leadership training
Artificial intelligence is reshaping management education, prompting business schools such as IIM Kozhikode, IIM Lucknow, ISB and BITSoM to overhaul MBA programmes. The changes include integrating AI across subjects, requiring students to build AI agents, introducing specialised courses and labs, and placing greater emphasis on judgement, ethics and responsible decision-making.
India offers 3-part plan to de-escalate Ukraine war
India has proposed a three-part framework to Russia and Ukraine to help de-escalate the war, focusing on economic and maritime security. The proposal calls for a halt to attacks on energy facilities and critical infrastructure, uninterrupted grain and energy shipments through Black Sea ports, and an end to strikes on merchant ships, civilian crew and maritime trade routes.
Easing global headwinds, lower crude oil prices may further lift rupee in coming months: Economists
Economists predict the Indian rupee will strengthen against the US dollar in the coming months. Factors contributing to this appreciation include lower crude oil prices and improving foreign capital inflows. Additionally, a weaker US dollar and the easing of geopolitical tensions are supporting this trend. The Reserve Bank of India has implemented measures to stabilize the currency and enhance dollar availability.
"Fabricated, malicious attacks": India rejects US court order involving officials in Sikh separatist Pannun case
India's Ministry of External Affairs has rejected a lawsuit against its officials filed by Sikh separatist Gurpatwant Singh Pannun. The US court allowed Pannun to pursue service of summons on Indian officials through local courts. Pannun's claims involve alleged assassination plots that remain unproven in civil proceedings. Indian officials firmly deny involvement in these allegations and emphasize legal document protocols.
India's water journey a model for developing nations: World Bank official
India's water management initiatives, including the Jal Jeevan Mission and Namami Gange Programme, are gaining international recognition. Senior officials at the World Bank have praised these efforts as models for developing countries. The upcoming United Nations Water Conference will highlight India's achievements and encourage knowledge sharing. India is actively preparing for the conference, emphasizing its role in global water security discussions.
NMDC in talks with Russia's Rosatom over lithium investments, sources say
Indian state-run miner NMDC Ltd is in talks with Russia's Rosatom to invest in lithium projects. These discussions are part of India's strategy to secure supplies for battery and EV industries. NMDC aims to enhance its global mineral diversification strategy and has formed a team for due diligence. The Indian government is investing in domestic processing of critical minerals to reduce import dependence.
It's the ecosystem, stupid! Anand Mahindra celebrates India's rise to the top 3 in the AI race, beating the UK, Japan and South Korea
Anand Mahindra has welcomed India's rise to the top three in Stanford's global AI vibrancy rankings, ahead of countries such as Japan and South Korea. He believes India's software talent, systems integration expertise and huge domestic market could give it a significant advantage in the global AI race. Explaining his optimism, Mahindra said the next big AI opportunity could come from applications, industry-specific expertise and enterprise-wide adoption rather than chips and foundational AI models.
From streaming to software, microdrama startups rewrite their growth pitch
Peak XV Partners-backed Dashverse has discontinued its consumer platform DashReels and is looking to raise $30-40 million, largely for Frameo AI, its video production software for businesses. Eloelo, which raised $80 million this week led by Hornbill Capital and NBCUniversal, is investing in Dolphin AI, its new production suite, alongside content creation and international expansion.
Zelenskyy dials Modi ahead of Abu Dhabi peace talks
Ukrainian President Volodymyr Zelenskyy spoke to Prime Minister Narendra Modi regarding the ongoing Ukraine conflict. Modi expressed India's willingness to assist in achieving a peaceful resolution and emphasized dialogue and diplomacy. India's past peace proposal included suggestions for a ceasefire and protection of Indian seafarers in the Black Sea. Peace talks involving Russia, Ukraine, and the US are set to occur in Abu Dhabi.
TheLiverDoc takes another dig at Deepinder Goyal over promised ‘detailed note’ on Temple’s Brain Flow feature
The post comes amid an ongoing public spat between Goyal and sections of the medical community over the scientific evidence supporting Temple's claims, particularly its ability to measure changes in blood flow to the brain.
IREDA stock rises 8%, logs seventh straight session of gains; rebounds over 21% from October low
IREDA shares extended their winning streak to a seventh consecutive session on Monday, rising as much as 8% on the NSE. The stock has rebounded over 21% from its October low of Rs 98.78. The rally comes after the company's Q2 results and a recent board-level change.
NSE rolls out direct-to-chip liquid cooling to scale AI computing capabilities; plans to scale GPU capacity beyond 80 this quarter
The NSE has deployed Direct-to-Chip Liquid Cooling technology at its on-premises data centre to support expanding AI infrastructure. The exchange plans to scale its GPU capacity to more than 80 units this quarter, with the cooling system designed to accommodate up to 224 GPUs across high-density racks.
India's ChatGPT boom faces a reality check as free AI use meets rising costs
India has emerged as ChatGPT's largest market, driven by its vast digitally connected population and widespread access to free AI services. However, as AI infrastructure expands and computing and energy costs rise, companies face the challenge of recovering investments. Convincing price-sensitive Indian users to pay for AI remains difficult.
19 Indian seafarers stranded in Yemen safely evacuated, Embassy says
The Embassy of India to Yemen has evacuated 19 Indian seafarers who were stranded in Hodeidah and Sana'a. All seafarers are reported to be safe and in good health while returning to India. India has lost a total of 23 nationals amid ongoing conflicts in West Asia, including Indian seafarers and others in shipping attacks.
Chinese companies providing overseas services to Indian subsidiaries may escape tax: ITAT
In a landmark decision, the Delhi Income Tax Appellate Tribunal has determined that Chinese firms offering services from overseas are not liable for Indian taxes. This ruling contrasts with a Mumbai bench decision made in 2010 regarding taxation policies on foreign services. The tribunal's finding is advantageous for Chinese companies supplying centralized services to Indian entities during the digital age.
LG Ladakh congratulates IAF on successful landing of IL-76MD aircraft at Nyoma airbase
Lieutenant Governor of Ladakh, Vinai Kumar Saxena congratulated the Indian Air Force (IAF) on Sunday on the successful landing of its heavy-lift IL-76MD aircraft at the newly developed Nyoma Airbase in Changthang district, describing it as a significant achievement for India’s military preparedness and forward-deployment capabilities in high-altitude regions.
PM Modi celebrates Diwali with Bastar security forces, says India has overcome Naxalism
Prime Minister Narendra Modi celebrated Diwali with security personnel involved in anti-Naxal operations in Chhattisgarh's Bastar region. He highlighted the significance of this Diwali as the first since the defeat of Naxalism. Modi commended the personnel for their sacrifices that contributed to eliminating Maoist insurgency from the region. He noted that every district in India is now free from Naxalism, allowing citizens to overcome fear.
Paras Semiconductors, BroadPak join hands to build advanced semiconductor packaging capabilities
The collaboration will combine Paras Semiconductors' manufacturing ambitions in opto-electronics, photonics and co-packaged optics with BroadPak's technology expertise in advanced semiconductor packaging, heterogeneous integration and chiplet-based system architectures, it said.
Sam Altman on why India is optimistic about AI, while the US is sceptical
Sam Altman, CEO of OpenAI, recently praised India's swift embrace of AI, identifying it as ChatGPT's largest market. He observed that Indian users are innovatively utilizing AI to address challenges and foster entrepreneurship. In stark contrast, Altman noted the prevalent scepticism toward AI in the United States. He also raised alarms about the dangers of unchecked AI advancement, stressing the need for diversified efforts to avoid a concentration of power.
IREDA seeks global funding partnerships to lower borrowing costs for green projects
IREDA is aiming to collaborate with global banks and investors for long-term green financing initiatives. Renewable energy developers in India face high borrowing costs compared to those in developed markets. The country requires significant investment to achieve its renewable energy capacity goals by 2030. Concerns regarding land acquisition and transmission infrastructure continue to pose challenges for developers. Disruptions in power generation can substantially impact project finances and repayment capabilities.
R&D-focused stocks deliver over 23% annualised returns in five years, outperform NSE 500: Monarch AIF
Indian companies increasing R&D spending outperformed the NSE 500 TRI over five years, delivering 23.5% average annualised returns. Businesses combining strong research growth with higher R&D intensity achieved 32.5%, highlighting innovation's growing importance for investors.
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