GULLAK PINE LABS AI AGENT
UPI and AI: 'Buy Rs 500 worth gold if price drops below Rs 16,000/g'; your wish is AI agent's command, and it can make UPI payments at your target price
The P3P AI agent can complete a UPI payment without any human authentication. However, the human still stays in control. Currently, AI agents need a human authentication step, an MPIN, to make any payments. Pine Labs has removed this wall. It builds on UPI’s existing mandate framework - UPI One Time Mandates (OTM) and Reserve Pay.
Karnataka approves 50 AI labs in government colleges
Karnataka is establishing 50 AI labs in government colleges to boost emerging tech skills and employability in smaller cities. This initiative, part of the 2026-27 budget and in partnership with the IndiaAI Mission, will equip students with AI, machine learning, and data science expertise. The program aims to foster innovation and create a skilled workforce across the state.
Agentic AI returns in India poised to grow fivefold to $14.4 million: SAP study
Globally, India ranks second in strategic approaches to AI investment. Reflecting this momentum, Indian organisations plan to invest $25.9 million in AI, with spending expected to rise 45% over the next two years, it said.
TCS launches India's first Oracle AI Data platform lab in Kolkata
The facility at Delta Park Lords in Kolkata has been set up in collaboration with Oracle and will support customers in addressing challenges such as fragmented data systems, slow analytics cycles, limited AI scalability and operational inefficiencies, the IT major said.
TCS partners with Anthropic to deploy Claude across enterprise operations at scale
TCS and Anthropic have partnered to deploy Claude across enterprise operations, from software engineering to customer service, signalling a decisive shift from AI experimentation to large-scale adoption. As AI evolves into an agentic technology capable of executing complex, multi-step tasks, businesses are no longer asking whether to adopt AI, but how to embed it at the core of how they operate. For TCS, this collaboration is a strategic move to lead that transformation on behalf of enterprises worldwide.
OpenAI to acquire Ona to strengthen Codex cloud capabilities
OpenAI is set to acquire Ona, a cloud execution firm. This move will boost OpenAI's Codex platform, enabling AI agents to run complex, long-term tasks in secure cloud environments. The acquisition aims to support growing Codex usage and help enterprises deploy AI in production. Ona's team will join OpenAI post-deal.
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If AI agents can act on their own, who is responsible for their actions?
Microsoft CEO Satya Nadella believes businesses should begin treating AI agents more like employees, complete with identities, permissions, oversight, and governance. As AI systems evolve from passive assistants into autonomous agents capable of carrying out tasks independently, a new challenge is emerging for enterprises: accountability.
Visa plugs its payment network into ChatGPT letting AI agents shop, pay for users
It is not OpenAI's first attempt at e-commerce. The company late last year announced Instant Checkout, which allowed ChatGPT to scour the internet for a specific item like a digital personal shopper. But the process was prone to errors and was not widely adopted by merchants due to the fee that OpenAI was charging merchants. The company retired Instant Checkout in March.
How autonomous AI is transforming the future of enterprise innovation
Artificial intelligence is evolving beyond task-based automation toward autonomous systems capable of reasoning, planning, and executing complex workflows with minimal human intervention. As businesses prioritise measurable outcomes and real-world impact, Agentic AI is emerging as a key driver of enterprise transformation. Recognition platforms such as the ET Most Innovative AI Product Awards 2026 are spotlighting breakthrough innovations that are redefining the future of intelligent systems.
Global watchdog calls for tighter controls on agentic AI in finance
The Financial Stability Board (FSB) in a report on Wednesday "strongly" encouraged boards to consider implementing safeguards to mitigate risks from AI, including from "agentic" AI - or those systems capable of planning, reasoning and executing tasks with limited human oversight.
Meta launches business agent AI to automate customer service, sales and business operations
Meta has unveiled Meta Business Agent, an AI-powered assistant designed to help businesses automate customer support, sales, scheduling and other operational tasks. The launch signals Meta’s growing ambitions in enterprise AI and highlights the rise of agentic AI, where intelligent systems move beyond chatbots to manage workflows, customer relationships and business operations autonomously.
India a major growth market for Celonis, says senior exec
The Germany-based company said it already serves 260 global capability centres (GCCs) in India, counting companies such as Mercedes-Benz, Hitachi Energy and AstraZeneca as its clients, and sees a larger opportunity ahead as enterprises try to connect AI systems with operational data spread across departments and software systems.
Your vote for their prompts: Risk of ‘AI swarms’ automating political movements rises
They said 2026 marked the first year of grand-scale AI adoption in political management, the results of which will likely be visible in 2027 and beyond. “Everyone’s online, everyone has access to AI tools and if right now people are vibe coding $100 million companies, why can’t we be vibe coding political movements?” said Sudhanshu Kaushik, president and CEO of the Centre for Youth Policy.
As Apple's WWDC conference kicks off, investors want to know if AI will save Siri
Apple prepares to reveal its AI advancements. A revamped Siri and new developer tools are expected. This move aims to bridge the gap with competitors. Apple's strategy will focus on practical AI applications for users. The company seeks to integrate AI seamlessly into its devices. This event marks a significant step in Apple's AI journey.
Voice AI startup ElevenLabs appoints Alexander Holt its field CTO
Voice AI firm ElevenLabs has appointed Alexander Holt as its Field CTO, a move aimed at accelerating AI integration for enterprise clients globally. Holt, who joined in 2023, has been instrumental in deploying advanced AI solutions for major corporations and governments. This strategic appointment follows significant funding rounds, positioning ElevenLabs for continued growth in the AI sector.
As Cos fast-track AI adoption, data & infra readiness come under spotlight
Priorities for next phase: Real-time decision-making, customer experience, sovereign control over data, and compliance.
As India Inc’s AI adoption accelerates, data and infrastructure readiness come under spotlight
Priorities for next phase: Real-time decision-making, customer experience, sovereign control over data, and compliance.
China’s Moonshot AI seeks $30 billion value in new funding talks
The developer of the Kimi chatbot has held early talks with prospective investors to raise more than $1 billion, people familiar with the matter said. The discussions have begun just as Moonshot is on the verge of closing a round led by Meituan that valued the AI firm at $20 billion after the investment, the people said. If Moonshot hits its latest funding target, that would mark a seven-fold increase in capitalization from December, when the startup was valued at just over $4 billion.
As cos fast-track AI adoption, data & infra readiness come under spotlight
Indian companies are rapidly adopting artificial intelligence. While some have fully integrated AI, many are still in pilot phases. Challenges like data management and infrastructure modernization hinder widespread adoption. Organizations are prioritising data quality and governance for successful AI deployment. Scaling AI reliably remains a key focus for businesses.
AI startup Innefu Labs bags $30 million in funding from Panthera Growth Partners
The capital infusion, completed through a combination of primary and secondary transactions from Panthera, positions the national security-focused AI company for an initial public offering (IPO) and will accelerate its expansion into international markets, the New Delhi-headquartered firm said in a statement on Friday.
Meta repeatedly pushes back new AI model release for developers
Meta's new Muse Spark AI model API launch is nearing. While plans were pushed back, the company is now testing with early partners. Meta AI Chief Alexandr Wang confirmed the API is coming soon. This move signals Meta's strong ambition to compete with AI leaders like OpenAI and Google. The release is anticipated this month.
Peak XV in talks to back Ringg AI as voice AI gains attention: Sources
Peak XV Partners is reportedly leading a $10 million funding round for Bengaluru-based voice AI startup Ringg AI, highlighting investor enthusiasm for the technology. This move underscores the growing recognition of voice AI beyond call centers, with investors now segmenting the market into various applications. The trend signals a significant shift towards voice as a primary interface, especially in India.
Meta scales back plan for internal mouse-tracking tech, citing staff concerns
New controls will allow employees to pause the data collection for up to 30 minutes at a time and request exemptions from the initiative, according to the memo, authored by Stephane Kasriel, a vice president in Meta's AI model-building Superintelligence Labs unit.
India leading the pack in AI adoption: Microsoft’s Puneet Chandok
India is leading Copilot's rapid adoption, with a 250% year-on-year growth in deployment. Major IT firms like Infosys, TCS, and Wipro are scaling licenses to over 100,000 employees each, signalling a shift towards AI as an operating model. Banking and manufacturing industries in India are also deploying agents in a big way, said Puneet Chandok
New OTT releases to watch in June: 10 new movies and shows on Netflix, Prime Video, JioHotstar, ZEE5 and more
June's streaming slate has a diverse range of new movies and shows across genres. From action-packed thrillers like Dhurandhar: The Revenge and crime dramas like Brown to heartwarming family stories in Gullak Season 5 and romantic comedies, there's something for every viewer. Popular franchises and fresh narratives featuring big stars are set to keep audiences entertained throughout the month. Read on to know when and where to watch them online in June.
Pine Labs shares rise over 4% after Q4 results. Why Morgan Stanley forecasts 67% upside
Pine Labs shares surged after the company reported a significant turnaround, posting a Rs 59 crore net profit in Q4FY26 against a loss last year. Full-year profits also swung to Rs 113 crore. Despite a recent share price dip, Morgan Stanley maintains an "Equal-weight" rating with a Rs 245 target, citing strong business growth.
Data spills at home; Green card limbo deepens
Happy Tuesday! Recent data-collection experiments by on-demand platforms have drawn attention to Indian physical AI startups. This and more in today's ETtech Morning Dispatch.
Pine Labs Q4FY26: revenue up 17% to Rs 700 crore, net profit at Rs 59 crore
Pine Labs was listed in November 2025. Sharing details about its IPO proceeds, Pine Labs said that the company had raised Rs 2,080 crore in fresh capital, out of which around Rs 797 crore has already been used up with a major part going towards repaying borrowings.
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