GLOBAL INFRASTRUCTURE PARTNERS
India, Korea can give new direction to multilateralism amid mounting challenges: South Korean Prez Lee
South Korean President Lee Jae Myung envisions a strengthened special strategic partnership with India, focusing on trade, technology, critical minerals, defence, and shipbuilding. He highlighted shared values and the need for close cooperation amidst geopolitical uncertainty, aiming to deepen comprehensive ties for mutual growth and innovation.
GIFT City vs Dubai vs Singapore: What you need to know while choosing your investment hub
Indian wealth is increasingly seeking global anchors, with GIFT City, Dubai's DIFC, and Singapore emerging as key contenders. Each hub offers distinct advantages in access, tax efficiency, and regulatory comfort, catering to different investor profiles from first-generation entrepreneurs to established family offices.
Axiro will scale fabless chip business in phases: CG Power chairman
Axiro Semiconductor, a CG Power subsidiary, is expanding its fabless chip business, initially targeting connectivity, satellite communication, and industrial applications. Axiro is already shipping millions of chips every month and has built a portfolio of around 200 commercialised chips over the past decade, Axiro’s chief executive, Naveen Yanduru said.
Glade Brook in talks to join Sarvam’s funding; AI startup may hit $1.5 billion valuation
US-based Glade Brook Capital is in discussions to invest $20-25 million in Sarvam AI's $320-350 million funding round, valuing the AI startup at $1.5 billion. Strategic investors like Nvidia, Amazon, and HCLTech, alongside venture capital firms, are also participating in the round.
Public sector banks told to take quantum leap in encryption for added security
Indian banks are preparing for a quantum computing future. The finance ministry has asked public sector banks to explore quantum-resistant encryption. This move aims to secure financial systems against future threats. Experts warn quantum computers could break current encryption. India's National Quantum Mission is also building a quantum communication network.
IMF, World Bank meetings show limits in mitigating shocks, reliance on US for solutions
Global finance leaders met amid Middle East war news. They acknowledged their limited ability to counter economic damage from frequent geopolitical shocks. Reliance on U.S. leadership for crisis resolution is no longer assured. The IMF and World Bank pledged aid to developing nations. Officials expressed frustration with ongoing economic calamities.
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Autograph Collection Hotels by Marriott International debuts in India
Marriott International sees strong growth in India with many new hotel deals. The company is launching its Autograph Collection brand in India, starting with Noormahal in Karnal. This expansion highlights India's importance as a key market for Marriott's development plans. Future signings are also expected to be robust.
AMD UALink strategy: Can AMD disrupt AI data center dominance as open interconnect challenges NVIDIA NVLink ecosystem control?
AMD UALink Standard is driving a major shift in AI infrastructure right now. Advanced Micro Devices is leading this open interconnect push as AI cluster demand surges globally. AMD stock has jumped over 166% in one year, showing strong market confidence. This standard improves speed, reduces latency, and supports multi-vendor AI systems. It helps data centers scale faster with better efficiency. As cloud and enterprise AI grow rapidly, AMD UALink Standard is becoming critical for building flexible, high-performance AI clusters.
Panasonic Partners with ANACITY to Co-Create Next-Gen Smart Community Solutions in India
ANACITY has partnered with Panasonic to develop advanced smart home and community solutions. This collaboration will integrate Panasonic's IoT hardware with ANACITY's digital platform. The aim is to enhance security and living experiences for residents and improve workplace operations. The partnership is set to impact over 750,000 households and significant office spaces globally.
Logistics firms enter last mile for IPO delivery, rev up for Rs 9,000 crore issues
India's logistics sector is poised for a significant IPO cycle, with several companies preparing to raise an estimated ₹8,000-9,000 crore. Driven by improving demand and a supportive policy environment, firms like Horizon Industrial Parks, Leap India, and Shiprocket are leading the fundraising wave.
India eyes US-led Pax Silica seed fund
India is keen on getting access to the US State Department's new $250 million Pax Silica seed fund designed to secure global supply chains for artificial intelligence, semiconductors and critical minerals, people in the know said. This was discussed among steps to operationalise the multilateral initiative during foreign secretary Vikram Misri's three-day visit to Washington DC last week, they said.
Poonawalla's clear shot at access for all via route social
Cyrus S Poonawalla, chairman of Serum Institute of India, has created a legacy where business and social impact go hand in hand. His vaccines have saved over 30 million lives worldwide. The institute's founding values of affordability, quality, and access continue to guide its global efforts. The Villoo Poonawalla Foundation also drives philanthropy in healthcare, education, and community development.
Wipro Hydraulics to acquire majority stake in Italy's Indeco Ind Spa
Wipro Hydraulics is acquiring Italy's Indeco Ind Spa. This deal will expand Wipro's offerings into hydraulic attachments. Indeco manufactures equipment for construction and demolition. The acquisition strengthens Wipro's global presence and product range. The founding family will continue to be involved in Indeco's operations. This move marks a significant step for Wipro Hydraulics.
Stellantis, Microsoft sign five-year partnership for AI push
Automaker Stellantis partners with Microsoft for five years. They will jointly develop artificial intelligence and cybersecurity. This collaboration aims to boost Stellantis' technology efforts. The partnership will also modernize Stellantis' IT infrastructure. This move helps Stellantis compete with tech-focused rivals. It focuses on enhancing vehicle features and customer experiences.
Seoul to Delhi, Asia’s new economic axis
South Korean President Lee Jae-myung's visit to India is a crucial moment. The two nations can build a strong strategic economic partnership. They can create a new axis of resilience in Asia. This partnership will focus on manufacturing, technology and defence. It aims to address global insecurity and fractured supply chains.
Seoul to Delhi, Asia’s new economic axis
South Korean President Lee Jae-myung's visit to India arrives at a critical juncture for global economic stability. The two Asian powers are poised to forge a strategic economic partnership, moving beyond traditional trade to co-build industrial capacity in semiconductors, green mobility, and advanced manufacturing.
Saurabh Mukherjea has moved half his personal portfolio out of India; here's why
Saurabh Mukherjea, founder of Marcellus Investment Managers, has shifted his personal portfolio to a 50-50 split between Indian and global investments, reflecting a strategic pivot. The firm is reducing domestic consumption exposure and increasing bets on export-oriented businesses, while also building a position in companies set to benefit from rising NPAs in the Indian banking system.
Tata Group presence in UP to more than double: Chairman Chandrasekaran
Tata Group's presence in Uttar Pradesh is set to more than double. The state is poised to become a major manufacturing and export hub. Tata Motors aims to produce two million vehicles in five years. Tata Consultancy Services will double its workforce. The group is expanding into new sectors and social development initiatives.
Putin to attend BRICS Summit in India, Kremlin confirms second visit in a year
Russian President Vladimir Putin will attend the upcoming BRICS summit in India. New Delhi will host the 18th BRICS Summit in September 2026. This marks Putin's second visit to India in less than a year. Leaders from key developing nations will gather. The summit takes place during a period of global uncertainty.
World Bank launches ‘Water Forward’ plan to expand global water access for 1 billion people
The World Bank has unveiled a new initiative called 'Water Forward'. This program aims to provide secure water access to one billion people within the next four years. It will expand reliable water services and strengthen systems against droughts and floods. Partnerships with other development banks will help achieve this ambitious goal.
CG Power arm Axiro, MPower invest in Japanese AI chipmaker EdgeCortix
Axiro Semiconductor and MPower Partners have made a significant leap by investing in EdgeCortix, a trailblazing firm from Japan dedicated to advancing energy-efficient AI technology. This funding is set to expedite EdgeCortix’s innovations in next-gen platforms tailored for Generative and Agentic AI applications.
Global funds, Adani, GMR, others in race for NIIF's smart meter business
Global infrastructure investors and domestic smart meter makers are showing strong interest in acquiring IntelliSmart Infrastructure. The company, owned by NIIF and EESL, is expected to be valued at $400 million. This sale aligns with India's ambitious smart meter rollout under the Revamped Distribution Sector Scheme.
Luxury car sales in India set to double by 2030, says BMW
India's luxury car market is set to double its share by 2030. Young, wealthy, and aspirational buyers are fueling this growth. BMW sees strong momentum, expecting the trend to continue. Factors like rising affluence and a generational shift in spending are key drivers. The market is poised for significant expansion, with luxury vehicles becoming more accessible and desirable.
Brookfield set to divest 550 MW solar project in Bikaner; eyes ₹3K cr EV
Brookfield Asset Management is set to sell its 550-megawatt solar project in Bikaner, Rajasthan. The deal is valued at an estimated ₹3,000 crore. Investment bank Jefferies is managing the sale. Initial bids have come from overseas and domestic investors. This move is part of Brookfield's wider portfolio adjustments in India's growing renewable energy sector.
Cashfree Payments appoints former Visa executive Sameer Gandhi as CFO
Cashfree Payments has appointed Sameer Gandhi as its new Chief Financial Officer, bringing over two decades of experience from global financial institutions. Gandhi's expertise will drive the company's financial strategy as it aims for accelerated growth and profitability. His addition comes after Cashfree Payments secured $53 million in a recent funding round.
$500 online tool, $20m fraud: FBI shuts down ready-made kit that imitated login pages and stole millions from users worldwide
The FBI Atlanta Field Office and Indonesian authorities have taken down a sophisticated phishing operation using the “W3LL phishing kit.” The platform helped cybercriminals bypass multi-factor authentication, sell over 25,000 compromised accounts, and target more than 17,000 victims worldwide between 2023 and 2024, with fraud attempts reaching $20 million.
Jindal Renewables, INOXGFL in Race for GIP's Vena India
The potential bidders are currently undertaking due diligence of the asset, and binding bids are expected by next month, the people said. Global investors, including Actis, Sembcorp, KKR, and Macquarie, had also evaluated the company but decided against holding advanced negotiations with GIP, said people aware of the development.
India's economic growth journey huge opportunity for international partners: Vinay Mohan Kwatra
India's economic growth presents a significant opportunity for international partners, with the US being a central and consequential ally, Ambassador Vinay Mohan Kwatra stated. He emphasized the transformative phase of India's economic and societal evolution, highlighting the strength of the India-US partnership across various sectors and its role in navigating global shifts.
OpenAI pauses UK data centre project over regulation, costs
OpenAI, the creator of ChatGPT, has halted its major data centre project in Britain. Unfavourable regulations and high energy costs are cited as reasons. This decision impacts the UK government's goal to become a global AI hub. OpenAI plans to resume the project when conditions improve for sustained investment.
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