IBM INDIAS
Trump celebrates Diwali with Indian-American CEOs, entrepreneurs at Oval Office
During the Diwali celebration at the Oval Office, President Trump lit a diya in the presence of Indian-American guests. Notable attendees included entrepreneurs, CEOs, and India's Ambassador to the US. Celebrants shared their hopes for strengthening the friendship between India and the US. Founded by President George W Bush, the White House's Diwali celebrations have evolved over the years.
Internship stipends rise at top B-schools as recruiters step up hiring
Recruiters are focusing on summer internships for hiring, offering higher stipends for the 2026-28 batch. Top business schools like IIM Calcutta and IIM Lucknow report increased median stipends and recruitment participation. IIM Kozhikode has noted an improvement in pre-placement offers and conversions from internships. New recruiters have joined the hiring process, diversifying opportunities for students.
QClairvoyance's quantum chemistry bet: Transitioning from research to pharma partnerships
QClairvoyance Quantum Labs has performed chemically precise simulations of eight small molecules on an actual quantum computer, marking progress towards drug discovery applications.
IBM India leases 2.83 lakh sq ft office space in Bengaluru for 10 years
IBM India has leased an extensive office space at Radon tower in Bagmane Solarium City. The lease agreement spans over a decade, with estimated costs totaling Rs 522 crore. IBM will pay a monthly base rent of Rs 2.49 crore, subject to a 15% escalation every three years. Additionally, the company will incur fit-out costs over five years, approximately amounting to Rs 179 crore.
Bridging the AI production gap: Over 100,000 Indian engineers trained to Build with Gemini
India is seeing a significant shift in its technology workforce towards enterprise AI integration and solutions. The Build with Gemini initiative has trained over 100,000 developers and architects across several major organizations. This transition emphasizes the need for professionals skilled in engineering AI for production. Global System Integrators are crucial in facilitating this workforce transformation. The evolution aims to position India as a key player in AI architecture and engineering.
US targets $500 billion India trade in 3 years, up from record $240 billion, Sergio Gor says
The United States plans to increase bilateral trade with India to over USD 500 billion in three years. This trade target comes after reaching a record USD 240 billion, highlighting growing economic ties. Collaboration will focus on sectors like semiconductors, energy, and defense to foster mutual interests. Recent diplomatic engagements have already begun shaping a strategic alignment for both nations.
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Accenture leases, renews 5.84 lakh sq ft across Mindspace REIT’s Airoli parks
Accenture has secured over 5.84 lakh square feet of office space in Navi Mumbai. This includes fresh leasing, expansion, and renewal of existing spaces spanning ten years. The new offices are expected to house around 10,000 employees engaged in various functions. Mindspace Airoli is becoming a preferred location for multinational companies due to its connectivity and lower costs.
Birla AI Labs launches Yug-1 to forecast demand and spot patterns in business data
Yug-1 uses what its technical documentation calls zero-shot probabilistic forecasting. It also provides a range of possible outcomes, allowing users to see the uncertainty around a prediction.
UPI MDR rollout pushed; India’s first quantum computer coming soon
Happy Wednesday! The implementation of MDR on select UPI payments has been deferred beyond Diwali. This and more in today’s ETtech Morning Dispatch.
IBM to deploy India’s first quantum computer in Amaravati early 2027
The facility will focus on developing practical applications for quantum computing and helping Indian enterprises prepare their IT infrastructure for post-quantum cryptography.
India at defining moment, unique opportunity to shape exponential tech like AI: IBM India & South Asia MD
Indian enterprises stand at the threshold of transformation through AI and automation, with IBM emphasizing the crucial blend of real-time data and trust in these evolving systems. The ongoing collaboration with MeitY Startup Hub seeks to propel deep tech innovation among startups in India, fostering local technological excellence and offering access to vital mentorship and resources.
US green-card freeze hits TCS, Infosys, Wipro; GTRI warns of wider IT curbs
The US government has suspended eight technology companies, including TCS, Infosys, Wipro and HCLTech, from the PERM green-card sponsorship programme, raising concerns over potential restrictions on foreign tech workers. A Global Trade Research Initiative (GTRI) report warns that curbs could extend to H-1B hiring and skilled-worker mobility. The move may push Indian IT firms to diversify markets and expand domestic delivery.
India’s AI rules take shape; TCS profit jumps 15%
The government is set to release a consultation paper on AI regulations within a month. This and more in today’s ETtech Top 5.
CoRover wins govt tender to build national unified AI assistant platform
Implementation to begin within 4 months with DigiLocker, will scale to hundreds of central, state departments, CEO says.
Piyush Goyal woos top US companies for investment
Commerce and Industry Minister Piyush Goyal has met various US firms in New York to discuss investment potential. Meetings included representatives from Blackstone, Neuberger Berman, and The Estee Lauder Companies, focusing on manufacturing and beauty markets. Discussions with IBM's CEO involved strengthening collaboration in AI and quantum computing technologies. Goyal also engaged with General Atlantic and AIA Group to explore opportunities in financial services and insurance sectors.
Piyush Goyal takes India investment pitch to AIA, MetLife, IBM and General Atlantic
Commerce Minister Piyush Goyal promoted India as an investment destination during meetings with leading global firms. He highlighted the country's regulatory reforms and demand for services, especially in the insurance sector. Goyal met with executives from AIA Group, MetLife, General Atlantic, and IBM to discuss growth opportunities. He emphasized the importance of India's technology talent pool for future collaborations.
Blockbuster Accenture show holds out hope for battered Indian IT
Accenture's latest financial performance has sparked renewed optimism among investors in the Indian IT sector. The strong results hint at a revival in client discretionary spending. Analysts underscore the need for Indian IT firms to enhance their artificial intelligence capabilities to successfully tackle upcoming challenges. Accenture's forecast suggests improved market conditions and steady margins, painting a picture of a resilient industry.
The curious case of hiring a Chief AI Officer
FOMO, board pressure or an actual need to hire a CAIO? The jury is still out on one of the most sought-after roles since the emergence of AI.
Beyond the SIM: Inside Jio and Airtel’s high-stakes AI pivot
Jio and Airtel are taking their rivalry beyond connectivity as both invest heavily in AI-ready data centres, cloud platforms, enterprise tools and consumer services. Their expanding ambitions reveal how India’s telecom giants are positioning themselves for the next phase of AI adoption, where infrastructure, subscriptions and digital services increasingly converge.
IBM, Yotta launch sovereign agentic AI platform for Indian enterprises
IBM and Yotta Data Services have introduced a sovereign AI platform specifically designed for Indian organisations. This new platform integrates IBM’s watsonx Orchestrate with Yotta’s Shakti Cloud and Shakti Studio. It aims to assist enterprises in managing AI agents while ensuring data and governance controls remain in India. The platform enables organisations to transition AI agents from pilots to full production effectively.
Patchwork algorithms get the job done: What is helping curb skyrocketing costs of enterprise AI?
As businesses navigate the AI frontier, many are embracing a blend of advanced models to address distinct needs effectively. Industry giants such as Snowflake and Nvidia are pioneering model-routing solutions, while innovative startups in India are joining the ranks. Research shows that leveraging multiple models can enhance efficiency and cut costs, though factors like language quality and security challenges impede progress.
India’s senior techies with 12 years of experience are going back to class, and AI is the reason
A recent collaboration between IIT Kharagpur and upGrad reveals a dramatic increase in demand for AI executive programmes aimed at experienced tech professionals. In just a few months, the initiative has broadened its curriculum from four to seven targeted courses. With participants enrolling from diverse locations, the landscape of AI training is shifting towards practical, role-oriented education, underscoring the necessity for ongoing skill development in an AI-driven job market.
PM Modi asks semiconductor CEOs to step up industry participation in next phase of India’s growth
Prime Minister Narendra Modi urged India to lead in emerging technologies. He assured industry leaders of a predictable and responsive policy environment. The government is committed to fostering innovation and skilling for future growth. CEOs expressed confidence in India's semiconductor sector potential. They pledged contributions to making India a global technology hub.
Chip verification startup VerifAIX raises $5 million from Endiya, Bluehill VC
This is the company’s first institutional fundraise and will be used to advance its product, expand customer deployments, and grow its engineering teams across the US, India, and Israel, CEO Madhulima Tewari told ET. The company had previously raised capital from angel investors and industry advisors.
Governance, not models, is the biggest obstacle to enterprise: Red Hat’s Vincent Caldeira
Red Hat’s APAC CTO said the industry does not yet have a platform that can make an AI agent completely secure out of the box and companies must make a judicious call when opting for such solutions.
After 18 years at helm, Shantanu Narayen passes reins to Anil Chakravarthy
Chakravarthy had been president of Adobe’s customer experience orchestration business and worldwide field operations, having joined the company in January 2020 from global enterprise cloud data management firm Informatica. Meanwhile, Narayen will transition to executive chairperson in December, the company said in a statement.
IBM signals a five-year horizon for its sub-1nm chips
Rao said the technology is the industry’s first demonstration of a staggered complementary field-effect transistor, or CFET, architecture at the 0.7nm node. Unlike conventional designs in which n-type and p-type transistors sit next to one another, CFETs seek to place them on top of each other, enabling greater density within the same silicon area.
Sugar’s valuation slump; Slice takes a hit
Happy Friday! A91 Partners is backing Sugar Cosmetics in a round that will see the beauty brand’s valuation fall sharply. This and more in today’s ETtech Morning Dispatch.
IBM India to upgrade Kochi software lab
IBM India aims to make its Kochi software lab an important centre in the country to augment development and delivery of next generation software portfolio and cloud offerings, according to a top company official.
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