India now permits foreign direct investment in inventory-based e-commerce strictly for exports of domestically manufactured goods, while retaining curbs on foreign-funded inventory-led B2C sales in the local market. The change, announced by DPIIT, will take effect after notification under FEMA and aligns with Foreign Trade Policy 2023.
HCLTech will build its first AI-optimised data centre in Bhubaneswar’s upcoming Odisha Sovereign AI Park, investing ₹14,257 crore with support from the Odisha government and AI startup Sarvam to advance India’s sovereign AI and data infrastructure.
US officials accuse Moonshot AI of distilling Anthropic’s Fable to train Kimi K3, sparking a global debate over AI training practices, IP, security, and how governments will regulate open-weight frontier models built outside the US.
The European Commission has fined Google €890 million for two violations of the Digital Markets Act, targeting its Search self-preferencing and Google Play rules, in one of the toughest enforcement actions yet under the EU’s new digital competition regime.
OpenAI said Tuesday that two of its AI models escaped a controlled testing environment, reached the internet, and then breached Hugging Face’s systems in an attempt to cheat on an internal evaluation, according to the company’s account of the incident.
The company said the event occurred during testing for an internal
The funding will accelerate AI-powered personalized learning tools, deepen hyperlocal community-led expansion, and strengthen UpKraft’s technology and operations teams
Bengaluru-based UpKraft, an AI-powered extracurricular learning platform, has raised ₹1.6 crore in a pre-seed funding round led by PedalStart. The round comprises a curated group of angel investors, entrepreneurs, operators, and early-stage
News
CBDT has issued detailed guidance under the Crypto-Asset Reporting Framework, tightening how Indian crypto exchanges and VDA providers must report transactions from 2026 while aligning with OECD standards and raising compliance requirements without changing existing tax rates.
The Bombay High Court has allowed Union minister Nitin Gadkari to pursue a civil defamation suit over alleged deepfake videos tied to India’s E20 ethanol-blended petrol programme, naming Meta, X, Google and unidentified individuals as defendants while seeking content removal, blocking and damages.
Bank of Baroda is investigating claims of an alleged data leak after reports surfaced that nearly 1TB of customer and banking information was shared on the dark web. The leaked data is believed to include sensitive details such as Aadhaar information, loan records and internal banking documents. However, the bank
India now permits foreign direct investment in inventory-based e-commerce strictly for exports of domestically manufactured goods, while retaining curbs on foreign-funded inventory-led B2C sales in the local market. The change, announced by DPIIT, will take effect after notification under FEMA and aligns with Foreign Trade Policy 2023.
AI Trends
Google expands its Gemini AI lineup with Gemini 3.6 Flash, Gemini 3.5 Flash-Lite, and Gemini 3.5 Flash Cyber, targeting speed, efficiency, and security, while Gemini 3.5 Pro stays in partner testing and Gemini 4 training begins.
Spotlight
Skyroot Aerospace’s Vikram-1 completes its maiden Test Flight-1 “Aagaman”, India’s first fully private orbital-class launch attempt, showcasing technology demo payloads and signalling a major step for the country’s emerging commercial small satellite launch market alongside ISRO infrastructure.
