Browsing: India

A fire at STT GDC India’s New Delhi data centre disrupted Google Cloud services, raised fears of major data loss, and renewed scrutiny of lithium-ion battery risks and cloud resilience across India.

Meta Platforms invests $900M in Indian fintech CRED, appointing founder Kunal Shah as global head of WhatsApp. This move deepens Meta’s India presence and expands its financial services.

Xiaomi prepares a major push into India’s large home appliance market by 2026, aiming to compete with Samsung and LG. This strategic diversification leverages local manufacturing and its existing ecosystem amid slowing smartphone growth.

IVCA and KVCA sign an MoU to deepen India–South Korea collaboration across venture capital, private equity, and alternative investments, targeting easier cross-border deals, stronger policy engagement, and expanded support for startups amid rising trade and growing Korean participation in India’s innovation economy.

India’s IVCA and South Korea’s KVCA have signed an MoU to deepen cooperation in venture capital, private equity, and alternative investments, aiming to boost cross-border startup funding, policy engagement, and research collaboration as bilateral trade moves toward a $50 billion target by 2030.

Pramaana Labs, a Bengaluru-based AI startup founded by IIT Madras alumni, has raised a $27 million seed round led by Khosla Ventures to build a verification layer that checks AI-generated responses against regulations for sectors such as law, finance, healthcare, and taxation, as investor interest in India’s foundational AI technologies accelerates.

Pramaana Labs raised $27 million in seed funding led by Khosla Ventures to build an AI verification layer for regulated sectors like law, finance, healthcare, and taxation, targeting hallucination-free, rule-checked responses as investor interest in India’s AI infrastructure startups, including Sarvam, continues to rise.

Reliance Jio Infocomm denies Pavel Durov’s allegations of BGP hijacking affecting Telegram users outside India, as the platform faces a separate temporary ban in India during the NEET-UG 2026 re-exam window.

Telegram files petition in Delhi High Court against India’s week-long ban, imposed due to NEET-UG exam leak concerns, affecting 150 million users.

Adani Group and Jabil Inc. form a strategic alliance to establish a vertically integrated AI and data center infrastructure manufacturing platform in India, aiming for global export.