Market Rout Wipes $22.5 Billion from Indian IT Stocks
Stock Market Impact: Worst Week in Four Months
The Bombay Stock Exchange (BSE) building in Mumbai. Indian information technology (IT) stocks suffered a steep selloff in early February, erasing an estimated $22.5 billion in market v...
The Union Budget 2026, presented by Finance Minister Nirmala Sitharaman, has laid out one of India’s most ambitious sector focused fiscal incentives to date, offering a tax holiday until the year 2047 for foreign cloud service providers operating global businesses from data cen...
Amazon has announced plans to invest more than $35 billion across all its businesses in India through 2030, building on nearly $40 billion invested in the country so far. This investment will focus on business expansion as well as three strategic pillars: AI-driven digitization, export...
India stands at a pivotal moment in its AI journey, one defined by impact at scale, determined to lead. As technology becomes a catalyst for inclusive growth and economic transformation, the country is emerging as a frontier AI nation. Against this backdrop of bold ambition and accelerating innovati...
Tata Communications has acquired a 51 percent stake in Commotion for 25.5 million dollar, marking a strategic investment that deepens the company’s commitment to artificial intelligence powered enterprise solutions. The deal positions Tata Communications to accelerate its...
Meesho has announced a major commitment to strengthening its artificial intelligence and technology backbone as the company prepares for its public listing. A dedicated allocation of ₹480 crore has been set aside to expand its AI, machine learning and engineering teams, reinforcing M...
Adani Groupannounced that it is prepared to commit up to USD 5 billion towards a large-scale artificial intelligence data-centre development in India, marking one of the most significant private-sector investments in the country’s digital infrastructure landscape.
The planned investment will ...
RockFlow, a Singapore-based AI-native fintech company backed by Lanchi Ventures, recently announced it has raised tens of millions of U.S. dollars in a new financing round. The round was led by a top-tier global digital financial services platform, with continued participation fr...
A Reliance joint venture has announced an eleven billion dollar commitment to develop an AI native data centre campus in Visakhapatnam, marking one of the largest digital infrastructure investments ever made in India. The project signals a bold move to support the country’s rapidly expanding A...
The UAE has announced the launch of the 'AI for Development' initiative, worth $1 billion, to support and finance artificial intelligence projects in African countries.
The initiative aims to advance economic and social development across the continent by developing digital infrastructure...
NTT DATA has reinforced its position that India sits at the heart of its global data and artificial intelligence vision, underscoring the country’s engineering strength, expanding digital public infrastructure and rising innovation momentum. The company stated that India now plays a pivotal ro...
SAP, a global leader in enterprise application software and business AI, unveils a new AI adoption study highlighting the growing confidence of Indian businesses in the value and potential of AI. According to the findings, 93% of Indian organizations expect positive returns on their ...
Google and Accel have announced a dedicated US$2 million co investment initiative to support India’s next generation of AI first startups, marking a significant boost to the country’s early stage innovation landscape. The collaboration brings together Google’s AI Futures Fund and A...
Fractal Analytics has secured formal approval for its landmark initial public offering, positioning the company to become the first AI led enterprise in India to enter the public markets. The planned ₹49 billion raise will power a significant scale up of the company’s generative AI r...
Tata Consultancy Services , a global leader in IT services, consulting, and business solutions, has announced a strategic partnership with TPG, a leading global alternative asset management firm to support the growth of its AI data center business, HyperVault. This investment will support...
Launched its first Asia office to support biotech and healthtech innovation and collaboration within the region
The Asia office will house the Angelini Ventures Global Intelligence Hub, leveraging its proprietary AI-powered platform and global network of advisors to accelerate the growth of innov...
Ensono, the US based IT services and modernisation company, has announced a $250 million investment to accelerate its AI and innovation capabilities in India over the next five years. The commitment will support the creation of a dedicated AI and Innovation division, strengthening engineering, data ...
Info Edge, the parent company of Naukri, has posted a fifteen percent rise in revenue, driven by improved operating efficiencies and consistent performance across its portfolio of digital businesses. Yet the more consequential development lies in its next chapter: a clear shift toward deeper investm...
