Swiss artificial intelligence startup Giotto.ai is reportedly in advanced talks to raise a new round of funding that could value the company at over $1 billion, according to sources familiar with the matter. The Lausanne-based firm, known for its proprietary generative AI models tailored for enterprise automation, is seeking to capitalize on surging investor interest…
India’s eight core industries posted a robust 6.3% year-on-year growth in August 2025, signaling continued momentum in the country’s industrial recovery. The latest data released by the Ministry of Commerce and Industry shows that coal, electricity, steel and natural gas were the key drivers of this expansion, offsetting slower growth in crude oil and fertilizers….
The Maldives has set an ambitious goal to source 33% of its total energy from renewable sources by 2028, and India is emerging as a key strategic partner in helping the island nation achieve this milestone. With limited landmass, high dependency on diesel imports, and rising climate vulnerability, the Maldives is turning to regional cooperation,…
Despite recent regulatory relaxations by the Securities and Exchange Board of India (Sebi), the number of new Registered Investment Adviser (RIA) applications continues to stagnate, raising questions about the effectiveness of reforms aimed at expanding India’s advisory ecosystem. While Sebi’s intent to simplify onboarding and reduce entry barriers is evident, industry experts argue that deeper…
India’s ambitious Production-Linked Incentive (PLI) scheme for telecom and networking equipment has received renewed support from the Department of Telecommunications (DoT), even as nearly half of the participating firms failed to meet the eligibility criteria for incentives in the latest review cycle. The DoT’s endorsement comes amid growing concerns over execution gaps, delayed investments, and…
Shares of a Life Insurance Corporation (LIC)-owned non-banking financial company (NBFC) rallied over 5% on Tuesday following the successful redemption of commercial papers (CPs) worth ₹30 crore. The move, seen as a strong signal of liquidity strength and financial discipline, triggered renewed investor confidence in the stock, which had been trading range-bound over the past…
In a strategic push to enhance foreign investor participation, the Securities and Exchange Board of India (Sebi) has initiated consultations with key stakeholders to simplify the Know Your Customer (KYC) norms for Foreign Portfolio Investors (FPIs). The move comes amid rising global interest in Indian equities and a broader effort to align regulatory frameworks with…
In one of the most candid reflections on tech rivalry, Oracle co-founder Larry Ellison once described Microsoft’s Bill Gates as “not the smartest guy in the room, but definitely the most competitive.” The remark, made during a public interview in the early 2000s, has resurfaced in recent tech retrospectives, reigniting interest in the legendary battles…
India’s ambitious fifth-generation stealth fighter program has received a major boost as 28 domestic and international firms have expressed interest in partnering with Hindustan Aeronautics Limited (HAL) for the Advanced Medium Combat Aircraft (AMCA) project. The surge in interest marks a pivotal moment in India’s aerospace journey, as the country aims to join the elite…
In a key leadership development for India’s energy sector, the Public Enterprises Selection Board (PESB) has recommended B Sairam as the next Chairman and Managing Director (CMD) of Coal India Ltd (CIL), the world’s largest coal-producing company. The recommendation, made after a rigorous selection process, positions Sairam to take charge of the Maharatna PSU at…
