Author: Indmedia

With IT services stocks having borne the brunt of concerns surrounding artificial intelligence, Jefferies believes the cooling of the AI trade could open the door for a tactical rebound in the sector. Indian IT sector stocks after declining for the most part of this year have been rallying strongly over the last few sessions. They extended their rally on Wednesday, with shares of Infosys, TCS, HCLTech, Wipro, Coforge and Tech Mahindra climbing as much as 5%, even as semiconductor stocks worldwide came under intense selling pressure amid mounting concerns over the scale of artificial intelligence-related spending by major technology companies.On…

This image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto U.S.-Saudi strikes on Iraq on Wednesday (July 29, 2026) killed at least 20 members of a former paramilitary alliance that includes pro-Iran groups, the alliance said.Also read: West Asia war updates on July 29, 2026The Popular Mobilization Forces (PMF), an alliance of former paramilitary groups and factions now integrated into the Iraqi armed forces, said at least 20 fighters “were martyred and another 32 wounded according to a preliminary toll” following the U.S.-Saudi strikes on its bases in seven provinces.The United States and Saudi Arabia said they…

Kharge said ‘democracy is not safe’, to which Nadda replied ‘it’s a normal situation’ NEW DELHI: The Rajya Sabha on Wednesday witnessed a sharp exchange between Leader of Opposition Mallikarjun Kharge and Leader of the House J.P. Nadda over the police action against students during the July 20 ‘Sansad Chalo’ march, with the Congress alleging an assault on democracy and the BJP defending the crackdown as a routine law-and-order response.Raising the issue in the House, Kharge said, “Democracy is not safe. People are not safe,” and urged the government to take action against those who entered the protest site without…

Russia’s FSB security service announced Wednesday that it had issued a warrant for the arrest of Telegram founder Pavel Durov on charges of facilitating terrorist activities. The FSB said the charges stemmed from Telegram’s alleged failure to remove content used by Ukrainian intelligence services and “extremist” groups to coordinate sabotage, cyber fraud and armed attacks inside Russia. Telegram’s official account on X responded to Russia’s arrest warrant for Durov by posting a photo of the Telegram founder giving the middle finger. Durov, who lives in Dubai and also holds French and UAE citizenship, previously responded to reports that the FSB was investigating him by accusing…

MUMBAI: A second-year BTech student at IIT Bombay died by suicide in his single-occupancy room in Hostel No 4 on the IIT Powai campus on Tuesday night, police said.Powai police said they suspected a failed love affair was the reason behind the death of the 20-year-old, a student of Materials Science and Engineering (often paired with Metallurgical Engineering). Police said they did not find any suicide note in the room and seized his mobile phone to gather information on the cause.Police registered a case of accidental death report (ADR) and said they were probing the matter. They also said they…

(L) Cockroach Janta Party (CJP) founder Abhijeet Dipke, Kangana Ranaut (R) (File Photo) NEW DELHI: Cockroach Janta Party (CJP) founder Abhijeet Dipke on Wednesday accused the government of using excessive force against students protesting over the alleged NEET-UG 2026 paper leak and warned that the party would soon launch another nationwide agitation if action against protesters continued despite assurances from the Centre.His remarks came a day after CJP chief spokesperson Saurav Das alleged that the government had failed to provide written confirmation on withdrawing FIRs registered against student protesters, even after the deadline set by the Centre had expired.Speaking to…

Bengaluru: AI startup Cursor on Tuesday became the latest company to introduce an India-specific pricing plan. At Rs 649 a month, payable via UPI, Cursor Start costs a fraction of the company’s premium Cursor Pro subscription, priced at $20 (about Rs 1,915) a month.The move marks the company’s first step towards monetising its third-largest market.The San Francisco-headquartered startup was founded in 2022 by 25-year-old Indian-origin entrepreneur Aman Sanger, along with Michael Truell, Sualeh Asif and Arvid Lunnemark.Last month, Cursor also made headlines as the subject of one of the biggest AI startup acquisitions. Elon Musk-founded SpaceX agreed to buy Anysphere,…

Hyderabad: Two people were killed after the car they were travelling in rammed into a stationary truck on the Outer Ring Road (ORR) on Tuesday evening. The deceased were identified as K Surender (19), a driver-cum-agricultural worker from Bommalaramaram in Yadadri Bhuvanagiri district, and Pranithi Reddy (19), a third-year engineering student of a private college in the city. She hailed from Mariyala village in Bommalaramaram mandal.According to police officials, they received a Dial 100 alert at 5.45 pm on Tuesday about a road accident near ORR Exit 1A, close to Neopolis. A Swift car travelling from trumpet interchange on the…

CHENNAI: PMK president Anbumani Ramadoss is set to continue as party president for another year as the party’s general council (GC) unanimously elected Anbumani as the party president. The incumbent general secretary Vadivel Ravanan and treasurer M Thilagabama will also continue as general secretary and treasurer for another year. This was the first GC meeting held after PMK founder S Ramadoss announced his retirement from politics. After Ramadoss and Anbumani decided to end their 20 months of difference and joined hands, the general council meeting had the presence of more than 3,000 members, held in Mahabalipuram. Most of the supporters…

Ahmedabad: A senior professor at Gujarat Arts and Science College lodged a formal complaint against the college principal, alleging sustained mental harassment, administrative bias and abuse of authority, triggering a controversy.Professor K D Parikh, who served in the science faculty for over 33 years, has submitted a detailed representation to multiple authorities, including the higher education department and the chief minister, seeking action against the principal. In his complaint, Parikh alleged that he was subjected to continuous harassment and discrimination. He added that he possessed evidence to substantiate his claims.Parikh, who was recently granted a US Green Card under the…