India clears Startup India Fund of Funds 2.0 with a Rs 10,000 crore corpus, channelling capital via SEBI-registered AIFs into deep tech and innovative manufacturing startups to expand venture funding, strengthen smaller funds, and support the Viksit Bharat @2047 vision.
KPMG in India’s new report, “Top 10 Priorities for India’s Next Growth Phase,” outlines a productivity-first roadmap to Viksit Bharat 2047, targeting higher manufacturing share, lower logistics costs, large-scale skilling, MSME expansion, and emerging sectors like semiconductors, green hydrogen, defense manufacturing, and AI-driven digital infrastructure.
OpenAI has permanently shut down GPT-4o after lawsuits, protests, and mounting safety concerns over its emotional impact, while shifting focus to GPT-5.2.
Elon Musk escalates his rivalry with Anthropic, attacking its Claude chatbot as biased and “misanthropic and evil” just hours after the company closed a $30 billion Series G round at a $380 billion valuation, backed by GIC, Coatue, NVIDIA, Microsoft, and other major investors.
Uday Kotak has been appointed chairman of GIFT City, India’s flagship international financial services hub. Backed by Gujarat’s government, the move aims to leverage his decades of banking experience to elevate the 886-acre smart city’s global profile as it competes with centres like Singapore and Dubai under India’s broader economic strategy.
Infosys and ExxonMobil are expanding their collaboration to pair ExxonMobil Data Center Immersion Fluids with Infosys Topaz and Infosys Cobalt, targeting more energy-efficient, AI-optimized cooling for data centers and HPC workloads across hyperscalers, enterprises, and public sector organizations.
KLA Corporation will invest up to ₹3,600 crore ($400 million) in a new AI-focused semiconductor R&D and innovation campus in Chennai, following its recent ₹300 crore hub. The 12-acre site could create 4,000 high-skilled jobs, strengthening Tamil Nadu’s position as an emerging semiconductor hub.
NPCI International and PayNet have linked India’s UPI with Malaysia’s DuitNow QR, enabling INR-MYR QR payments for tourists and cutting FX costs.
Dabur India is investing ₹400 crore in a fully renewable, automated plant in Tindivanam, Tamil Nadu, focused on personal care, food and beverages, women-led jobs, and farmer linkages.
Mahindra & Mahindra is investing ₹196 crore to expand Mahindra Research Valley in Chennai, boosting advanced R&D, testing, and jobs for future mobility.
