Qualcomm Expands India Focus to Develop AI And IOT
Qualcomm is expanding its focus in India to develop new areas, including Artificial Intelligence (AI), automotive technology, extended reality (XR), and the Internet of Things (IoT). Manmeet Singh, Senior Director and India Business Head, said that the company anticipates these projects will play a significant role in shaping its business over the next three years. …
Shipra Prajapati
Chandrababu Naidu Approves Google’s $10B data Centre in Vizag
Andhra Pradesh has cleared Google’s hyperscale data centre, valued at $10 billion, in Vishakapatnam. It is one of India’s largest digital infrastructure foreign direct investment projects to date. On Wednesday, Chief Minister Chandrababu Naidu chaired the State Investment Promotion Board meeting, which approved a proposal positioning Vizag as ‘AI city Vizag’, aiming to make it…
Abdullah Ansari
India to Enable Digital Payments via Biometrics
India approved the payment method using fingerprint and facial recognition, effective October 8. The authentication will be complete using biometric data stored under the Government of India’s unique Identification system, Aadhaar, said sources familiar with the matter. The initiative follows recent transaction rules, as NPCI revised its limits guidelines in accordance with the RBI, which…
Vipin
India-Australia Deepen Defence Ties for Indo-Pacific Stability
Australia recognises India’s rising capabilities in high-end defence manufacturing, signalling greater future cooperation with Indian defence firms. While Australia traditionally relied on Western systems, it now views India as a reliable partner in defence production. Defence Minister Rajnath Singh’s upcoming two-day visit to Australia, on October 9-10, highlights the expanding defence partnership, vital for stability…
Centre Approves the Project of NaMo Semiconductor Lab
Ashwini Vaishnaw, Union Minister of Information and Technology, has approved the establishment of the NaMo Semiconductor Lab at IIT Bhubaneswar (IITBBS) to strengthen India’s semiconductor ecosystem. An official statement from the Union Ministry, issued on Sunday, states that the project is funded at ₹4.95 Crore under the Members of Parliament Local Area Development (MPLAD) scheme….
Sumit
Abu Dhabi Fund Pledges to Buy 41% Stake in NBFC Sammaan
Abu Dhabi’s ruling family-owned International Holding Company(IHC) has shown interest in buying a 41% stake in India’s Sammaan Capital, previously known as Indiabulls Housing, for Rs. 8,850 crore. At $1 billion, this marked the largest international investment in India’s NBFC sector. The Investment will be made through preferential allotment of equity and warrants at around…
ABHYUDAYA MITTAL
Adani, L&T & Many Others Bid For Fifth-Gen Fighter Jet
The Defence Ministry of India received bids for the Advanced Multirole Combat Aircraft Programme from seven Indian companies to develop and produce next-generation fighter jets. All the leading manufacturers are vying for the opportunity to participate in this massive project. According to the insiders, Adani Defence, Tata Advanced Systems Ltd, HAI, Kalyani Strategic Systems, and…
Himanshu
Amazon, Flipkart’s Biggest Sale Opens at Rs 60,700 Cr
Indian festivals are driving e-commerce growth, with Amazon and Flipkart experiencing high traffic during their major sales events, including Big Billion Days and the Great Indian Festival. A mix of GST reductions, Gen Z shoppers, and high-value purchases has created the perfect environment for the year’s biggest festival season. Indian online sales have marked a…
Yash Sharma
RBI May Lower Rates by 25 Basis Points to Boost Spending
State Bank of India research reports state that they urged a 25-basis-point rate cut, claiming this is “the best possible option” for the RBI. However, some experts believe that the Central Bank’s rate-setting panel will likely opt for a status quo to announce its bi-monthly monetary policy on October 1. RBI Governor Sanjay Malhotra, who…
US Probes Waaree Energies for Evasion of Solar Tariff
On Thursday, U.S. customs officials announced that they were investigating whether India’s company, Waaree Energy, was using Chinese-made cells and panels, labeling them as Indian, despite the U.S. tariff. US Customs and Border Protection revealed the investigation in a memo to lawyers for Waaree and the American Alliance for Solar Manufacturing Trade Committee. This committee…
