Breaking news live update: India must diversify services exports through technology, says Commerce Secy Rajesh Agrawal at GFF 2026
Synopsis
India’s initial services export growth was driven by its strong technology talent and talent mobility, but the country now needs to diversify its services exports by leveraging technology, the Commerce Secretary said speaking at GFF 2026 on Wednesday.
Commerce Secretary Rajesh Agrawal at GFF 2026.
Breaking news live update: India’s services export growth needs to evolve from a talent-driven model to one powered by technology and diversified offerings for global markets, said Commerce Secretary Rajesh Agrawal at GFF 2026 on Wednesday.
In other news, Saudi Arabia’s Civil Defense on Wednesday, has issued alerts in Khamis Mushait, warning residents of potential danger and urging them to remain cautious.
On September 9, 2026, Afghanistan experienced a moderate 4.2 magnitude tremor, striking at a depth of 215 km according to data from the National Center for Seismology.
Delhi witnessed a warmer-than-normal morning on Wednesday, with the minimum temperature settling at 27 degrees Celsius, 1.4 degrees above the seasonal average. The weather office has forecast light rain from September 11, with generally cloudy conditions expected across the city. Delhi's air quality remained in the moderate category, with the AQI recorded at 113 at 9 am.
In other news, Saudi Arabia’s Civil Defense on Wednesday, has issued alerts in Khamis Mushait, warning residents of potential danger and urging them to remain cautious.
On September 9, 2026, Afghanistan experienced a moderate 4.2 magnitude tremor, striking at a depth of 215 km according to data from the National Center for Seismology.
Delhi witnessed a warmer-than-normal morning on Wednesday, with the minimum temperature settling at 27 degrees Celsius, 1.4 degrees above the seasonal average. The weather office has forecast light rain from September 11, with generally cloudy conditions expected across the city. Delhi's air quality remained in the moderate category, with the AQI recorded at 113 at 9 am.
1 New Update
02:37:12 PM IST, 09 Sep 2026
Monsoon activity weakens in Rajasthan
Monsoon activity weakens in Rajasthan, IMD expects fresh rain from September 12.
02:31:53 PM IST, 09 Sep 2026
GFF 2026: JPMorgan bets on AI to transform payments operations
Christine Tan of JPMorgan said the firm is deploying artificial intelligence across four key areas of its payments business — trade, customer service, fraud controls and regulatory compliance.
In trade, AI is being used to analyse and machine-train trade documents to identify potential trade-based money laundering, cutting the process from about nine man-hours to less than one hour, she said.
The firm is also deploying agentic AI in customer service. Its bots and AI agents can support customers by translating and transcribing queries, sourcing relevant information and responding to inquiries, while customer officers validate the responses.
Fraud is another major focus area, Tan said, citing its growing prevalence. “45% of fraud happens on an annual basis, and the growth in terms of year on year is about 50 plus percent,” she said, adding that JPMorgan is using machine-trained systems and filters to identify fraud across its global operations.
The fourth focus area is regulatory reporting and compliance. As the firm operates across multiple jurisdictions with varying regulatory requirements, JPMorgan is using agentic AI to support reporting as well as compliance functions, Tan said.
In trade, AI is being used to analyse and machine-train trade documents to identify potential trade-based money laundering, cutting the process from about nine man-hours to less than one hour, she said.
The firm is also deploying agentic AI in customer service. Its bots and AI agents can support customers by translating and transcribing queries, sourcing relevant information and responding to inquiries, while customer officers validate the responses.
Fraud is another major focus area, Tan said, citing its growing prevalence. “45% of fraud happens on an annual basis, and the growth in terms of year on year is about 50 plus percent,” she said, adding that JPMorgan is using machine-trained systems and filters to identify fraud across its global operations.
The fourth focus area is regulatory reporting and compliance. As the firm operates across multiple jurisdictions with varying regulatory requirements, JPMorgan is using agentic AI to support reporting as well as compliance functions, Tan said.
02:30:07 PM IST, 09 Sep 2026
GFF 2026: JPMorgan sees AI, tokenisation driving fintech’s next phase
Global Fintech Fest 2026: Christine Tan of JPMorgan said the next phase of fintech development will be shaped by tokenisation, autonomous and programmable systems, security, and deeper adoption of artificial intelligence.
Her comments were in line with Prime Minister Narendra Modi’s speech on Tuesday, in which he highlighted tokenisation, autonomous and programmable technologies, she said. “But more importantly, we're investing and embedded so much on AI,” Tan added.
She said AI use cases are being deployed across the firm, including in the investment bank, where processes such as research and the issuance of IP perspectives have been significantly accelerated, with timelines coming down from nine months to “maybe about five to 10 minutes.”
Her comments were in line with Prime Minister Narendra Modi’s speech on Tuesday, in which he highlighted tokenisation, autonomous and programmable technologies, she said. “But more importantly, we're investing and embedded so much on AI,” Tan added.
She said AI use cases are being deployed across the firm, including in the investment bank, where processes such as research and the issuance of IP perspectives have been significantly accelerated, with timelines coming down from nine months to “maybe about five to 10 minutes.”
02:17:04 PM IST, 09 Sep 2026
Adani Ports wins 30-Year contract to develop two dry bulk berths at Paradip Port
01:52:05 PM IST, 09 Sep 2026
Global Fintech Fest 2026: NSE CEO Ashishkumar Chauhan calls India a ‘Swayambhu market’
Speaking at the Global Fintech Fest 2026 in Mumbai, Maharashtra, NSE MD & CEO Ashishkumar Chauhan on Wednesday, said India has built one of the world’s most successful capital markets through technology and public trust. He described India’s market as a “Swayambhu market”, highlighting its performance despite the country’s relatively low per capita income.
01:28:07 PM IST, 09 Sep 2026
This is my first visit to Sri Lanka in my official capacity as Defence Minister. India and Sri Lanka are civilisational twins. We share centuries of history, culture and heritage. We consider Sri Lanka as one of the closest friends and valuable partner.
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01:08:09 PM IST, 09 Sep 2026
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The MCD demolished a PG in Delhi’s Laxmi Nagar area after Chief Minister Rekha Gupta directed the civic body to take bulldozer action against illegal structures
12:59:57 PM IST, 09 Sep 2026
GFF 2026: India seeks fintech policy push to boost global expansion, says Commerce Secretary Rajesh Agrawal
Commerce Secretary Rajesh Agrawal said India’s trade policy discussions, including FTAs and digital public infrastructure partnerships, should help create the right pathway for startups and entrepreneurs to take fintech solutions and services to global markets. He highlighted financial inclusion, payments, identity, small business finance and trade finance as areas with growing international opportunities.
12:55:19 PM IST, 09 Sep 2026
GFF 2026: Commerce Secretary Rajesh Agrawal says trade finance can unlock wider MSME export growth
Commerce Secretary Rajesh Agrawal on Wednesday, said trade finance presents a major opportunity to support MSME exporters, with financial solutions helping address creditworthiness and documentation challenges. He also highlighted e-commerce exports as a way to connect more SMEs with the global export ecosystem, speaking at GFF 2026.
12:42:24 PM IST, 09 Sep 2026
Today India receives more than 125 billion dollars of remittances. The cost of remittances on an average works out to be 5% to 6% which is very high because of multiple intermediation, multiple points of foreign currency exchange.
- Commerce Secretary Rajesh Agrawal speaking at GFF 2026
12:41:21 PM IST, 09 Sep 2026
GFF 2026: India must diversify services exports through technology, says Commerce Secretary Rajesh Agrawal
Speaking at Global Fintech Fest 2026, Commerce Secretary Rajesh Agrawal said India’s services export growth, initially driven by tech talent and talent mobility, now needs to be diversified through greater use of technology. He highlighted the growth potential in cross-border payments and cards and payments, and called for partnerships with global players to leverage India’s experience and develop fintech solutions for international markets.
12:39:09 PM IST, 09 Sep 2026
GFF 2026: Commerce Secretary Rajesh Agrawal says services exports need diversification beyond IT, professionals
Speaking at Global Fintech Fest 2026, Commerce Secretary Rajesh Agrawal said around 30% of the embedded cost of a good comprises services, highlighting the growing importance of services in global trade. He said India’s services exports are currently concentrated around two key pillars: IT/IT-enabled services and professionals delivering services from India and abroad, and stressed the need to diversify the country’s services export base.
12:36:37 PM IST, 09 Sep 2026
GFF 2026: India’s services exports outperform goods exports, says Commerce Secretary Rajesh Agrawal
Speaking at Global Fintech Fest 2026, Commerce Secretary Rajesh Agrawal said India’s young population and services-led economy have helped the country perform strongly on the global stage. He said services exports have been doing better than goods exports, highlighting the sector’s growing role in India’s global trade. Agrawal also said India’s services exports could play a pivotal role in expanding the country’s presence in global markets.
12:34:44 PM IST, 09 Sep 2026
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12:18:16 PM IST, 09 Sep 2026
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Being a fintech regulatory in India is a very tough job
- Razorpay CEO Harshil Mathur
12:07:58 PM IST, 09 Sep 2026
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12:05:45 PM IST, 09 Sep 2026
Russia’s Defence Ministry said Russian forces hit a cargo vessel in the Black Sea, RIA reported
12:03:45 PM IST, 09 Sep 2026
Alerts issued in Khamis Mushait in Saudi Arabia amid safety concerns
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11:52:28 AM IST, 09 Sep 2026
GFF 2026: Razorpay CEO Harshil Mathur says AI, niche markets to drive next wave of billion-dollar startups
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11:45:36 AM IST, 09 Sep 2026
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11:44:09 AM IST, 09 Sep 2026
GFF 2026: Whatever is happening in the fintech space is just the beginning, just the tip of the iceberg, says Peak XV Partners MD Mohit Bhatnagar
11:42:23 AM IST, 09 Sep 2026
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11:40:31 AM IST, 09 Sep 2026
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11:30:25 AM IST, 09 Sep 2026
We still anticipate that it will take time for our operations to fully return to normal.
- UK's Gatwick Airport
11:24:43 AM IST, 09 Sep 2026
Satya Niketan PG Collapse: Labour contractor held, PG rent pact under scanner
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11:20:41 AM IST, 09 Sep 2026
Flights have now resumed from London Gatwick Airport, according to Reuters
11:18:22 AM IST, 09 Sep 2026
Every year, when this extraordinary community gathers in Mumbai, we are reminded of something important. The future of finance has already started looking beyond New York, London, or Singapore. Increasingly, it is being imagined, built, and scaled here in India and there could be no better home for this conversation than Mumbai, the financial capital of India. And I believe one of the emerging Fintech capitals of the world
- Maharashtra CM Fadnavis at GFF 2026
11:17:16 AM IST, 09 Sep 2026
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She issued the directive, "Conduct intensive inspections of all PG hostels in Delhi and take action against illegal construction. Scrutinise building records, determine exactly when the illegal construction took place, and under whose jurisdiction."
She issued the directive, "Conduct intensive inspections of all PG hostels in Delhi and take action against illegal construction. Scrutinise building records, determine exactly when the illegal construction took place, and under whose jurisdiction."
10:48:16 AM IST, 09 Sep 2026
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10:04:08 AM IST, 09 Sep 2026
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09:24:11 AM IST, 09 Sep 2026
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09:12:13 AM IST, 09 Sep 2026
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09:05:54 AM IST, 09 Sep 2026
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08:48:29 AM IST, 09 Sep 2026
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08:40:59 AM IST, 09 Sep 2026
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08:30:59 AM IST, 09 Sep 2026
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08:20:14 AM IST, 09 Sep 2026
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