India pledged 1.9 trillion rupees ($19.7 billion) in combined incentives for domestic chip and smartphone production on Wednesday. The cabinet approved 1.28 trillion rupees ($13.3 billion) for semiconductors, covering chip design, machine fabrication, …
Indian B2B ecommerce platform Udaan has secured $160 million in a funding round that combines fresh equity from a new investor, additional debt, and the conversion of existing convertible bonds into equity, according to Bloomberg. Lightspeed Venture Pa…
Claude users in India are starting to see Indian rupee-denominated subscription plans.
Tata Consultancy Services plans to build a team of up to 8,900 forward-deployed AI engineers and is looking for acquisition targets in AI and cybersecurity, chief executive K Krithivasan said. The move is India’s largest IT firm answering the question …
India’s IT ministry has ordered Meta to immediately disable all Instagram advertisements and content promoting child sexual exploitation and abuse material, according to The Week. The company has seven days to explain how the ads were approved and to d…
Prime Minister Narendra Modi has inaugurated commercial production at CG Semi’s chip assembly and testing plant in Sanand, Gujarat. The facility will initially turn out 200 million chips a year, according to ANI, with plans to scale to 500 million. The…
The global race for AI infrastructure has become a contest of personal relationships. French President Emmanuel Macron and Indian Prime Minister Narendra Modi have emerged as its most aggressive practitioners, personally courting the heads of the world…
India’s Ministry of Electronics and Information Technology has ordered WhatsApp not to launch its planned usernames feature in the country until further consultations are complete, according to a letter seen by Reuters. The ministry, known as MeitY, ha…
The Mumbai investment bank is considering raising fresh capital through new shares and stake sales, a bet on the strength of India’s public-listing pipeline. India’s capital markets have been busy enough lately to make the firms that arrange the deals …
Amazon spent years circling India’s quick-commerce market without committing to it. Investors have now decided the circling is over, and they have repriced the incumbents accordingly. Shares in Eternal, the parent of grocery-delivery leader Blinkit, an…