India

• Twenty companies featured in Indianapolis Business Journal's 2025 Innovation Issue have all remained operational and demonstrated growth through new product launches, funding rounds, or strategic partnerships. • The continued viability of the cohort signals resilience in the regional tech ecosystem despite broader market headwinds and shifting investor priorities toward profitability and sustainability. • Sustained momentum among IBJ's tracked startups reflects emerging strength in Midwest technology innovation and the region's capacity to nurture scalable ventures.

• India's government approved amendments allowing overseas companies with Chinese or Hong Kong shareholding of up to 10% to invest in India under the automatic route, with notification expected soon under the Foreign Exchange Management Act. • The decision was communicated by the government on Thursday and will come into effect following official notification, marking a significant shift in India's foreign direct investment policy toward greater openness. • This policy change, approved in March 2026 through amendments to Press Note 3 of 2020, aims to attract increased Chinese investment while maintaining regulatory oversight of strategic sectors.

• Indian men's team fought back to narrowly defeat Slovakia in a key match at the World Table Tennis Team Championships. • The event continues with more matches featuring Indian players. • This win boosts India's standing in the ongoing international competition.

• Harmanpreet Kaur-led Indian women's team falls to third in ICC ODI rankings. • The ranking shift follows recent performances in the format. • India remains a top contender despite the drop.

• India defeated Chinese Taipei 3-0 in the Thomas Cup quarterfinals to secure a semifinal spot. • The victory sets up a semifinal clash against France scheduled for 9:30 PM. • This marks a significant achievement for Indian badminton on the international stage amid ongoing team championships.

Move comes after mayor Zohran Mamdani spoke on return of the Koh-i-noor diamond after UK royals’ visit to New YorkHundreds of antiquities valued at $14m have been returned to India by New York authorities, including some connected to the alleged art smuggler Subhash Kapoor, in a move that is likely to raise the pressure on others to make similar gestures.The return of 657 antiquities was announced by the Manhattan district attorney, Alvin Bragg Jr, on Tuesday, and came as New York City’s mayor, Zohran Mamdani, waded into the historically contentious ownership of the 105.6 carat Koh-i-noor diamond. Continue reading...

Jitu Munda says he was repeatedly refused access to money left in her account in case highlighting ‘lack of humanity’ in Indian bureaucracyThe sight of a man bringing the remains of his dead sister to a bank in India after officials had refused to let him withdraw money without proof of her death has caused shock in India.Jitu Munda, 52, from the Indian state of Odisha, was captured on video carrying the remains of his recently deceased sister through the streets of Keonjhar and placing them outside the local bank. Continue reading...