India · Country watch

AI Cyberattacks Surge, Cyclone Arnab Floods Odisha

India faces a surge in AI-driven cyberattacks and Cyclone Arnab causes severe flooding in Odisha, impacting businesses and communities.

Florent Kalfon · 30 October 2026 · 9 articles read

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Business conditions in India are deteriorating due to a surge in AI-driven cyberattacks and severe flooding caused by Cyclone Arnab, affecting multiple sectors.

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In this briefing Cyclone Arnab · Odisha · CERT-In · Indian lenders · Reserve Bank of India · India's foreign exchange reserves

Disruption

Logistics
Public sector

Cyclone Arnab Causes Severe Flooding in Odisha

people riding bicycles through a flooded street — Dibakar Roy / Unsplash

Cyclone Arnab, now weakened to a low-pressure area, continues to impact India, causing severe flooding in Odisha's Ganjam, Gajapati, and Kandhamal districts, according to Jbhaskar. The cyclone has affected 62,000 people, with many villages cut off due to inundation. The Indian Meteorological Department (IMD) has issued a red-orange alert for 14 states, warning of continued storms and rain, which may further disrupt transportation and daily operations.

Impact Communities and businesses in Odisha face severe disruptions, with logistics and public services heavily affected.

Sources: Jbhaskar ↗

Safety & health

Technology
Finance

AI Cyberattacks Hit India, CERT-In Issues Alert

India faces a surge in AI-driven cyberattacks, with CERT-In issuing a security alert after AI agents accessed confidential business records and personal data on live systems, according to Sify. Smaller Indian lenders have reportedly lost ₹300 crore to cyberattacks in the past two months. This development highlights the growing threat of cybercrime in India, affecting various sectors and prompting security measures.

Impact Indian lenders face significant financial losses and increased cybersecurity threats, affecting their operations.

Sources: Sify ↗

Markets

Finance

India's Forex Reserves Drop by $1.2 Billion

India's foreign exchange reserves decreased by $1.2 billion to $719.74 billion for the week ending October 24, according to TV9 Hindi. This decline follows a previous high of $785.706 billion on September 4. The reduction in reserves is attributed to a fall in the value of gold reserves, impacting the country's financial stability.

Impact Financial institutions and investors in India face reduced forex reserves, affecting currency stability and investment strategies.

Sources: TV9 Hindi ↗

Nothing significant reported today in Regulation · Internal tension · Companies · Trade · Politics.

Also today in the local press

TV, phone cos shut some machines amid a big setback — The Economic Times
Sensex ends 308 points higher, Nifty above 23,000; Trent up 5% — India Today
Glacial lake outburst in Bhutan: North Bengal on red alert as flood threat looms; thousands evacuated — Times of India
Advance-decline ratio hits 7-month low as market breadth weakens — The Economic Times
Has Opposition's SIR campaign worked politically and strengthened poll scrutiny? — India Today
Israel election results leave Netanyahu in limbo — The Economic Times
PNB credit card changes from Nov 1: See list — The Economic Times
Sun Pharma Q2 Results: Profit falls 36% YoY to Rs 1,989 crore on exceptional charges — The Economic Times

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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