Azim Premji's private investment firm, Premji Invest, has quietly built a formidable portfolio of 11 AI startups, primarily in the US, with a combined valuation of $43 billion. The firm has participated in 19 funding rounds since 2021, with a notable focus on US-based companies, many of which were founded by Indian entrepreneurs.
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Keralam-based Genrobotics Innovations, known for its Bandicoot robots used in hazardous underground environments, has secured a project from ISRO's U R Rao Satellite Centre. The company will develop a high-precision articulated boom arm system for satellite missions, marking its entry into advanced aerospace engineering and contributing to India's commercial space programme.
IT services giant Wipro has launched an Applied AI Centre of Excellence (CoE) in Bengaluru, focusing on Anthropic's Claude models. This initiative aims to accelerate enterprise AI adoption, train 10,000 experts, and integrate AI into core business workflows and Wipro's internal operations.
Wipro reported a marginal 1.40 per cent decline in consolidated net profit to Rs 3,200.6 crore for the July-September quarter of FY27, despite a 9.1 per cent increase in revenue from operations to Rs 24,752.7 crore.
Pakistan and the Maldives have signed 20 Memorandums of Understanding (MoUs) covering defence, maritime security, artificial intelligence, trade, and other sectors during Maldivian President Mohamed Muizzu's three-day visit to Islamabad. The agreements aim to significantly boost bilateral cooperation and trade, with Pakistan also offering technical expertise and educational opportunities.
Haryana Chief Minister Nayab Singh Saini announced the state government's firm support for power employees, pledging to challenge the Haryana Electricity Regulatory Commission's (HERC) decision to grant a parallel electricity distribution licence to a private company for Gurugram and Nuh districts before the Appellate Tribunal for Electricity (APTEL). The government is appealing to unions to defer their planned three-day strike while making arrangements to ensure uninterrupted power supply.
A CII white paper released Thursday outlines a strategy for India's media and entertainment sector to achieve a USD 100 billion valuation by the early 2030s, requiring an annual growth rate of 15 per cent and significant policy reforms. The paper identifies key areas for growth, including broadcasting reform, anti-piracy measures, and investment in regional markets.
A dozen companies, including major players like Jio Platforms and Zetwerk Manufacturing Business, are poised to launch Initial Public Offerings (IPOs) in October, continuing India's strong fundraising momentum in the primary market. These offerings span diverse sectors, reflecting sustained investor interest in businesses with robust growth prospects.
Prashanth Rajan Babu, the alleged kingpin of an interstate counterfeit drug racket, has been arrested at Kempegowda International Airport in Bengaluru after absconding to Azerbaijan. He is accused of leading a network that refilled cheap bulk drugs into new vials and relabelled them as premium imported brands, with a previous raid seizing fake medicines worth Rs 5 crore.
Prashanth Rajan Babu, the alleged kingpin of an interstate counterfeit drug racket, has been arrested at Kempegowda International Airport in Bengaluru after absconding in Azerbaijan. He is accused of leading a network that refilled cheap drugs and relabelled them as premium brands, with drugs worth Rs 5 crore seized earlier.
Researchers at IIT Kharagpur, in collaboration with the University of Illinois Urbana-Champaign, have developed a highly sensitive sensor technology. This innovation allows ordinary smartphone cameras to detect extremely tiny, invisible objects, potentially leading to low-cost, portable medical testing and other applications requiring the detection of minute substances.
Prashanth Rajan Babu, the alleged kingpin of an interstate counterfeit drug racket, has been arrested at Kempegowda International Airport in Bengaluru. He had been absconding and was reportedly hiding in Azerbaijan. The arrest follows a major raid in August where fake medicines worth Rs 5 crore were seized, and a Special Investigation Team was formed to probe the network.
Apple Pay has officially launched in India, integrating with CCAvenue and partnering with Axis Bank to bring secure and convenient mobile payment solutions to millions of iPhone, iPad, and Apple Watch users across a vast network of merchants.
Police in Bengaluru have arrested Balasubramanian, a partner in DM Pharma, in connection with an interstate counterfeit drug racket. This arrest follows the apprehension of alleged kingpin Prashanth Rajan Babu. The Special Investigation Team is probing the supply chain, financial transactions, and distribution channels of fake medicines worth nearly Rs 5 crore, which were being relabelled as premium brands.
Tata Consultancy Services (TCS) has announced a global partnership with AI major Anthropic to help enterprises accelerate their adoption of artificial intelligence, including equipping 50,000 TCS employees with Anthropic's Claude AI models.
India has launched an open Health AI benchmarking platform to evaluate artificial intelligence models on diverse Indian datasets before deployment at a population scale. The initiative aims to strengthen AI-driven claims management under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY).
Researchers at IIT Delhi have successfully demonstrated the simultaneous transmission of quantum-entangled photons and classical data over a 50-km optical fibre link. This breakthrough addresses key challenges in integrating fragile quantum signals with existing telecommunications infrastructure, paving the way for more scalable and secure future quantum networks.
Assam Chief Minister Himanta Biswa Sarma launched the North East Seva Innovation Challenge (NESFIC), envisioning the region as India's 'living laboratory' for technology and problem-solving. The initiative aims to empower young innovators to address real-world challenges faced by government, industries, and citizens, with a focus on practical implementation and government procurement.
Indian government agencies and private sector firms have secured access to Anthropic's advanced AI model, Mythos, through Project Glasswing. This initiative aims to enhance cybersecurity by identifying software vulnerabilities in critical infrastructure. Anthropic has also urged a moderated pace of AI development due to potential societal risks.
Tata Consultancy Services has partnered with French artificial intelligence firm Mistral to provide frontier grade AI solution, Mistral Forge, for enterprises across the world.
''When these agents are deployed at enterprise-grade scale, your risk will not just amplify, it will mutate.' 'And the reason is because you will have ungoverned agents.'
Dell Technologies is significantly expanding its domestic manufacturing in India, with a majority of its servers now produced locally, driven by data sovereignty and AI adoption. The company also launched new AI infrastructure solutions, including PowerStore Elite, designed for secure on-premises data management and AI workflows, while asserting that AI creates more jobs.
World Bank President Ajay Banga has advocated for the deployment of 'Small AI' locally deployed artificial intelligence running on inexpensive hardware to address daily problems faced by farmers and rural communities in emerging markets.
Google on Tuesday announced funding support of USD 8 million to India's AI Centers of Excellence for health, agriculture, education, and sustainable cities, and committed USD 4,00,000 to support development of India's health foundation model.
The Indian stock market experienced a significant downturn, with the Sensex crashing over 1,000 points and the Nifty hitting a fresh 52-week low, driven by sustained selling from foreign institutional investors, the RBI's monetary policy tightening, and elevated Brent crude prices.
Union Health Secretary Punya Salila Srivastava highlighted the strong health cooperation within BRICS, emphasising the critical role of digital health and artificial intelligence in ensuring continuity of care. Speaking at the 16th BRICS Health Ministers' meeting, she noted shared challenges among member nations and showcased India's advancements in digital health infrastructure and AI strategy.
Econz IT Services, in partnership with Google Cloud, has launched Bengaluru's first Gemini Enterprise Experience Centre. This centre provides an immersive environment for businesses to develop and deploy advanced Agentic AI solutions, marking a significant step in enterprise AI innovation in the region.
Tata Consultancy Services (TCS) and Google Cloud have inaugurated a new Gemini Experience Center (GEC) in Mexico City. This facility, the second in Latin America and ninth globally for TCS, is equipped with over 3,000 AI agents and aims to drive industry-specific AI solutions across various sectors. It will help organisations bridge the gap between AI experimentation and implementation, enhancing innovation and data-driven decision-making in the region.
A senior Microsoft executive says India is uniquely positioned to lead the next phase of global AI deployment, driven by a massive developer base, rapid enterprise adoption, and robust digital public infrastructure.
Vice President C P Radhakrishnan has championed the use of artificial intelligence for good governance, highlighting its potential to improve government services and build an inclusive and efficient India.
Wipro has launched its AI-Data Centre solution, integrating NVIDIA's AI Enterprise platform, to accelerate enterprise-scale AI adoption and modernise data centre environments.
Info Edge, the parent company of naukri.com, has invested over 1,000 crore in more than 50 artificial intelligence (AI) and deep-tech startups since 2020, demonstrating its commitment to fostering India's emerging technology ecosystem.
Global brokerage Citi has reduced its Nifty 50 index target to 26,000 from 27,000, citing persistent geopolitical tensions, risks to corporate earnings growth, and concerns about India's role in the global artificial intelligence (AI) ecosystem.
Foreign portfolio investors (FPIs) significantly increased their buying in Indian equities during the first half of August, with financial services attracting the largest inflows, reversing previous outflows. The IT sector also continued to see strong interest from overseas investors, driven by a reassessment of valuations and the role of Indian IT firms in AI deployment.
'India is vulnerable to the West Asia crisis in three ways: Energy costs, the business Indian companies conduct in the region, and remittances from the Indian diaspora.'
Banaras Hindu University (BHU) has received approximately Rs 15 crore in funding from the Indian Council of Medical Research (ICMR) for six biomedical research projects. These projects aim to address critical national health priorities, including cancer detection, antimicrobial resistance, and pediatric septic shock, fostering advanced research and improving patient care.
Researchers at IIT Madras have patented a chemical-free antibacterial surface that physically eliminates harmful bacteria, including "superbugs," without relying on antibiotics or disinfectants. This innovative technology uses specially engineered nanostructures to rupture bacterial cell walls, offering a sustainable solution to Antimicrobial Resistance (AMR) for biomedical and public health applications.
The Andhra Pradesh government has launched a drone delivery initiative to provide healthcare services to remote tribal regions of Alluri Sitarama Raju district, transporting diagnostic samples, essential medicines, and critical medical supplies.
Krutrim, India's first AI unicorn, has successfully repositioned itself as a focused domestic AI Cloud Services provider, reporting its first annual net profit in FY26.
