INNOVATION AND CAPABILITY CENTRES
UK-based Tide to invest 250 million pounds in India in next four years
Tide, a UK-based financial platform, will invest 250 million pounds in India by 2030 to enhance operations. The investment focuses on technology centers supporting global business, particularly in the UK and Europe. Tide's significant presence in India includes approximately 800 employees, although it will exit the member-facing business, affecting around 400 employees. The decision follows a strategic review indicating profitability challenges in the Indian market.
Is your HR strategy creating measurable impact? This could be the time to get it recognised
The Economic Times HR Excellence Awards 2027 shine a light on exemplary HR practices within various organizations, teams, and leaders. Encompassing 42 categories, the awards highlight significant accomplishments in realms like HR transformation, talent acquisition, employee experience, and workplace culture, showcasing how effective people strategies can directly enhance business performance.
Ode to a compassionate algorithm: Philanthropists are backing AI for public good
From Flipkart’s Binny Bansal to Chrys Capital’s Ashish Dhawan and Karishma Sanghvi of Sun Pharma, a growing number of entrepreneurs are writing cheques for AI that can diagnose diseases, empower teachers, modernise courts and strengthen public services, betting that the technology can create social returns as significant as commercial ones.
India's ChatGPT boom faces a reality check as free AI use meets rising costs
India has emerged as ChatGPT's largest market, driven by its vast digitally connected population and widespread access to free AI services. However, as AI infrastructure expands and computing and energy costs rise, companies face the challenge of recovering investments. Convincing price-sensitive Indian users to pay for AI remains difficult.
Pharma industry steps up API investments to cut import dependence, move up value chain
India's pharmaceutical sector is shifting towards high-value medicines and reducing reliance on imports through local manufacturing. Investments in active pharmaceutical ingredients and advanced therapies are on the rise to meet new healthcare demands. Industry leaders highlight the significance of supply-chain resilience and advancements in manufacturing capabilities. Recent data indicates strong domestic market growth and increasing pharmaceutical exports.
Delhi-NCR among APAC's top office markets as prime rents rise 5.4%; occupancy costs rank seventh
Delhi-NCR has emerged as a key player in the Asia-Pacific office market, marked by a notable 5.4% rise in prime office rents yearly by Q3 2026. This uptick showcases persistent demand in the region, which ranks seventh in occupancy costs among major markets. While overall office leasing has declined, the focus on enhancing workplace quality continues to lead rental rates upward, underscoring its significance for boosting productivity.
Paras Semiconductors, BroadPak join hands to build advanced semiconductor packaging capabilities
The collaboration will combine Paras Semiconductors' manufacturing ambitions in opto-electronics, photonics and co-packaged optics with BroadPak's technology expertise in advanced semiconductor packaging, heterogeneous integration and chiplet-based system architectures, it said.
The man behind Lord’s Mark: Dr. Sachidanand Upadhyay features in TIME Magazine for the third consecutive year
Dr. Sachidanand Upadhyay has gained recognition from TIME Magazine for his remarkable contributions to technology and innovation. Lord’s Mark Industries Limited is spearheading key projects in healthcare, defence, and sustainability. With critical product registrations achieved, the company is poised for international growth. Upadhyay envisions transforming India into a prominent technology and manufacturing hub, emphasizing the importance of homegrown innovation in the global marketplace.
Cosmoserve Space raises $6 million, sets up India's first space debris removal facility in Hyderabad
The facility comprises an orbital rendezvous and capture lab, a space robotics innovation lab, an ISO Class 8 satellite integration clean room and a mission simulation and control centre. It will enable the company to design, build and test robotic capture systems and develop capabilities for satellite servicing, including in-orbit repairs and refuelling.
Midterm results may slow US visa curbs, but no quick relief likely for IT
The opposition party’s takeover of both chambers of US Congress is expected to bring greater scrutiny of the administration’s policy decisions, potentially slowing further restrictions, industry experts told ET. However, any improvement in sentiment is unlikely to translate quickly into higher hiring or technology spending.
Unilever announces €35 million investment for R&D expansion in India’s Mumbai and Bengaluru hubs
Unilever announced a plan to invest an additional €35 million in its Indian research and development operations. The investment aims to enhance product innovation and biotechnology capabilities at its Mumbai and Bengaluru centers. Unilever has already invested €20 million over the past five years towards developing various research facilities in India.
India's payments authority NPCI forms unit to push into AI, blockchain tech
The National Payments Corporation of India has created a technology subsidiary known as NPCI Tech Solutions Limited. This new unit will focus on advancements in AI, blockchain, and digital financial infrastructure. Vishal Kanvaty has been appointed as the managing director and CEO of the subsidiary. NTSL aims to enhance capabilities beyond NPCI's core payments responsibilities. The initiative highlights India's commitment to developing its banking and financial services technology landscape.
India's payments authority NPCI forms unit to push into AI, blockchain tech
The payments authority's chief technology officer Vishal Kanvaty, who has been associated with NPCI for nearly a decade, has been appointed the managing director and CEO of NTSL, it said.
Astrobase, Bayer to invest Rs 700 crore in Karnataka, creating nearly 1,500 jobs
Astrobase and Bayer have announced a combined investment of Rs 700 crore in Karnataka. Astrobase will invest Rs 500 crore to set up a manufacturing facility for rocket engines. This project aims to create approximately 1,250 jobs in the region. Bayer plans to invest Rs 200 crore to establish a Global Capability Centre, generating around 220 jobs. Both investments reflect a growing interest in expanding industrial capabilities in Karnataka.
India elected as President of International Solar Alliance for third straight term: Pralhad Joshi
Addressing media at the summit, Joshi said, "At the ninth session of the ISA, we reaffirm a fundamental belief: progress becomes truly meaningful when its benefits are shared". He congratulated France on the occasion of being reelected co-President of the ISA.
India needs indigenous technologies to ensure energy security: Union Minister G Kishan Reddy
At the NIT Raipur convocation, Union Minister G Kishan Reddy emphasized India's need for innovations in energy, mining, and healthcare. He noted significant growth in higher education infrastructure and international rankings over the past decade. Reddy mentioned government initiatives aimed at supporting research and development in technology sectors. He encouraged graduates to tackle real-world challenges in their fields over the next three years.
NTT Data to nearly triple Mangaluru workforce to over 2,500 by 2027
The company entered Mangaluru through its acquisition of local cloud engineering company Niveus Solutions, and is looking to use the city as a base for developing specialised technology capabilities. Its focus areas include healthcare and life sciences, automotive, manufacturing, high technology, AI and data.
DRDO showcases indigenous chips for advanced radar, electronic warfare and missile systems
At the Emerging Science, Technology and Innovation Conclave (ESTIC) 2026, held at Bharat Mandapam in New Delhi from October 27 to 29, DRDO displayed Monolithic Microwave Integrated Circuits (MMICs) and Infrared Focal Plane Arrays (IRFPAs), developed by its Solid State Physics Laboratory (SSPL), Delhi.
US wealthtech firm AssetMark opens GCC in Hyderabad
The centre will support the company’s global technology and business operations, including engineering, operations and product management. AssetMark has operated in India through an outsourcing model for nearly a decade and is now bringing a dedicated team in-house.
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