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Industry leaders believe this move is India’s play to outcompete established hubs like Singapore, Ireland, and the Middle East for global cloud infrastructure investment.
Industry executives said the changes materially improve ease of operations and reduce audit exposure and dispute risk.
Additionally, Gupta also pointed out that the use case of foreign cloud providers serving global demand from India shall increase significantly.
Sitharaman said the government is seeking to meet the 'aspirations of youthful India' with these new measures
To qualify, such companies must route services for Indian customers through an Indian reseller entity, ensuring that India not only becomes a global hub for cloud infrastructure.
Finance Minister Nirmala Sitharaman added that this measure will make India a global leader in services with a 10% global share by 2047.
A new platform called Moltbook which enables AI assistants to interact independently, has exploded to nearly 147,000 agents in just 72 hours, raising questions about autonomous AI behavior
Shares of Sandisk surged as much as 25% in early trading Friday before pairing some of those gains
IT minister Ashwini Vaishnaw revealed that India AI Summit will be the biggest AI event in the world, attended Nvidia's Jensen Huang, Google's Sundar Pichai and others
Government-enabled funds and budgetary grants for the development and implementation of AI-driven manufacturing solutions are essential to build India's AI future from the factory floor up.
Smaller AI models and open government datasets can drive productivity and make India the world's 'use-case capital', Krishnan said.
India needs to rethink technological sovereignty. Focus should be on trust and predictable rules. Cross-border data flows are key. Forced localization isn’t the answer. AI and digital growth depend on this
Netweb Technologies Chairman and Managing Director Sanjay Lodha was part of the meeting held by the prime minister at his residence with CEOs and experts working in the field of artificial intelligence (AI).
The Prime Minister emphasised the need to embrace new technology in all spheres and use it to contribute to national growth
The stock’s decline has erased about $463 billion in market value from a record hit on September 10
The shares sank by as much as 11% to $429.24, for the biggest intraday slide since March 2020
Indian IT majors say the next phase will be less about hype and more about fundamentals, clean data, clear accountability, and systems that can explain their decisions at scale.
Addressing concerns around AI replacing jobs and creativity, Mani emphasised that AI is driving a natural evolution of roles rather than eliminating them.
The moves underscore Tesla’s ambitions to reorient around AI, driverless technology and robots at the expense of its car business
Early evidence has begun to temper some of the "extreme predictions surrounding AI’s near-term labour impact", the Economic Survey 2025-26 states.
Services have increasingly carried the burden of export growth, even as global conditions have become more volatile, it says
Davos shows the AI race is no longer about better models alone. It is about trust, governance and infrastructure, which will decide how AI scales and who controls it
The Economic Survey notes that India's strategy must also encourage innovation on open-source and open-weight platforms which will enable the country to achieve more with less resources.
The survey has flagged the risk of unchecked automation in a country with a large and diverse workforce, arguing that AI deployment must be carefully seen through to avoid destabilising labour markets
AI agents are "really beginning to work," unlocking the ability to build completely new products and transform how the company works, said Meta CEO Mark Zuckerberg.
Meta CEO Mark Zuckerberg said that 2026 will be a big year for delivering personal super intelligence, building infrastructure for the future, and shaping how the company will work going forward
The Aadhaar architect argued that the focus should be on building AI use cases that benefit millions of people, particularly in areas that improve livelihoods and strengthen public services
Intelligence is created when applications are embedded into real workflows and operate at scale rather than through models or tokens in isolation, Nvidia's managing director for South Asia Vishal Dhupar has said
The survey shows that 53.2% of respondents expect significant disruption from AI in terms of ROI, use case adoption, and skills, while 46.8% anticipate moderate disruption.
UST has been working with the Muthoot Pappachan Group since 2020, supporting its digital transformation across infrastructure, cloud, and security domains.
The industry has also flagged transfer pricing as a persistent challenge for GCCs as they move into higher-value and IP-linked work.
In a 38-page essay, Anthropic chief Dario Amodei writes about the massive risks posed by powerful AI systems and says humanity 'needs to wake up' to them.
The company plans to expand its team in Hyderabad this year, focusing on roles such as software engineers with AI skills, machine learning specialists and research scientists
Rakesh said customers are no longer satisfied with vendors merely optimising the cost of people. Instead, they are pushing for vendors to reduce the effort required to deliver outcomes, especially in “run” operations.
The industry’s message to the government ahead of Budget 2026 is clear: fix what slows companies down, and back what helps them scale.
The IndiGo crisis that led to 4,500 flight cancellations saw a flood of customer queries. The travel platform's AI tools handled 90% of the calls
Amid the ongoing uncertainties surrounding US trade tariffs and the geopolitical tensions, business leaders will have to continue cutting through the hype of AI and seek real value that “needs to manifest in the P&L”, said Saueressig.
Accenture’s cybersecurity business is worth about $10 billion, with around 30,000 security professionals worldwide. Of these, 13,000 are based in India
The Infosys CEO said AI is creating new service demand across software development, customer service, and modernisation of legacy applications, driven by increasing adoption of AI agents.
AI Centre of Excellence will come up at KEONICS’ HSR Layout facility in Bengaluru, with a total outlay of Rs 20 crore over four years, aimed at accelerating AI adoption and Industry 4.0 innovation.
The company said its overall workforce is about 4,200 employees globally.
From AI investments to semiconductor momentum and the idea of an India-hosted Davos, Union IT minister Ashwini Vaishnaw lays out how global boardrooms are reading India right now.
Minister says talks with World Economic Forum were underway
India’s next AI breakthrough likely to come from maths or engineering, says Minister for Electronics and Information Technology Ashwini Vaishnaw
Minister says tech ecosystem showing strong interest across AI, chips, infrastructure and energy
Cognizant CFO Jatin Dalal also weighed in on the intertwining of the operations and tech shift, saying it is forcing companies to rethink how services are priced in the AI era
The total number of unclaimed shares lying with the Investor Education and Protection Fund Authority is around 1 billion, valued about Rs 1 lakh crore
Former Meta AI scientist Vasu Sharma said he will focus on advancing the Pocket LLMs and bolstering Pocket FM's creative assistant, AI CoPilot, for writers everywhere.
Baroudy highlighted that despite being stringent with its regulations and frameworks, Europe’s regulated industries have been much more ambitious on AI and technology as compared to other countries.
Premji said AI will create wider opportunities for technology services firms, from advisory work to implementation and delivery at scale.
