QUANTUM COMPUTING APPLICATIONS
L&T Finance Pitch Point 2.0: Where an AI startup’s big idea meets enterprise scale
Pitch Point, L&T Finance’s contest for AI startups, is back for a second edition. Last year’s winners, Arrowhead AI and SpoofSense, talk about what they got out of it and what they would tell this year’s new applicants.
Uttar Pradesh to launch state Quantum Mission, steps up push for AI and robotics
The state of Uttar Pradesh is gearing up to launch a transformative Quantum Mission, poised to bolster its technology framework. By focusing on quantum technology within a broader digital transformation agenda, the initiative aims to ignite innovation. At the ETGovernment AI Vision Conclave, leading industry figures explored the adoption of AI, investment avenues, and workforce readiness.
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.
What is the difference between buyout and layoff? Microsoft offers buyout to 60,000 employees; check what it means for workers
Microsoft buyout offer to 60,000 workers: Microsoft has introduced a Voluntary Exit Offer (VEO) for eligible employees in India, the US, Canada and the UK, with reports suggesting around 60,000 workers could qualify. The programme allows employees to leave voluntarily with financial support, unlike layoffs, where the company decides to cut jobs. The move comes as Microsoft ramps up AI investments while managing workforce costs.
RBI data centre to strengthen payment systems, cyber resilience
The Reserve Bank of India inaugurated a new sovereign data centre to enhance the resilience of financial services and reduce reliance on third-party cloud providers. Prime Minister Narendra Modi also inaugurated a cybersecurity training institute, which will develop expertise in emerging technologies. The data centre will support critical systems like RTGS and NEFT for efficient financial transactions.
‘Come, work and serve in India’: Industry minister Piyush Goyal calls for stronger research ecosystem to attract Indian talent back home
Piyush Goyal highlighted the importance of enhancing industry-academia partnerships during his address in Berlin. He emphasized the need for better research facilities to support Indian talent abroad. Goyal discussed various sectors, including semiconductors and quantum computing, where collaboration can occur. German companies increasingly view India as a key partner for innovation and manufacturing. His visit aims to strengthen India's technological cooperation with European nations for future development.
US designates helium as a critical material, citing its importance for semiconductors
The U.S. remains the largest producer of helium globally, with production primarily from natural gas processing. Helium is crucial for semiconductors, medical imaging, and renewable energy technologies.
Union Minister Sarbananda Sonowal invites Polish firms to ‘build, innovate and grow with India’
Union Minister Sarbananda Sonowal addressed the India-Poland Business Forum, emphasizing stronger business ties between the nations. He highlighted Poland's strengths in engineering and clean energy and India's market potential and skilled workforce. Sonowal proposed initiatives to enhance collaboration in sectors like AI, quantum computing, and smart manufacturing. He called for Indian and Polish companies to innovate and invest together for mutual growth. Trade between India and Poland has reached $6.36 billion.
Army invites applications for 75-day internship programme in defence technologies
According to programme details shared by Northern Command, the 75-day internship will comprise 15 days of online learning and 60 days of physical internship, they said.
Semiconductor ecosystem: Made in India and designed for India
India’s competitive advantage will not come from manufacturing at China’s scale or cost. It lies in building customised devices for specific users and applications.
Flipkart ex-staff push for Esop buyout; Wipro, Tech Mahindra’s Q2 report
Happy Friday! Former Flipkart employees are asking Walmart to cash out their vested stock options. This and more in today’s ETtech Morning Dispatch.
Tech Mahindra Q2 Results: Net profit jumps 33% YoY to Rs 1,586 crore; co declares Rs 15/share dividend, 1:1 bonus issue
Tech Mahindra Q2 Results: Along with the earnings, Tech Mahindra's board declared an interim dividend of Rs 15 per equity share of face value Rs 5 each, equivalent to 300%, for the financial year 2026-27. It also approved a 1:1 bonus issue, under which shareholders will receive one bonus equity share for every existing equity share held, subject to the applicable terms and conditions.
IIT Kanpur launches $1-billion fundraising campaign
IIT Kanpur has started a significant fundraising campaign named 'Greater Than Us' to raise $1 billion by March 2029. The campaign aims to secure investments focused on Foundation, Talent, and Frontier developments at the institute. Notably, approximately Rs 4,155 crore in commitments has already been pledged. A substantial portion of the funds will enhance research infrastructure and faculty accommodations on campus.
IIT Kanpur launches $1 billion fundraising campaign
IIT Kanpur has launched the ‘Greater Than Us’ campaign aiming to raise $1 billion by March 2029. The campaign has already secured approximately Rs 4,155 crore in commitments from donors. It focuses on three pillars: Foundation, Talent, and Frontier for institutional growth. Investments will enhance research facilities, support exceptional individuals, and promote real-world applications in various technological fields.
DRDO successfully tests Quantum Key Distribution(QKD) platform in live network
The DRDO has successfully tested a Quantum Key Distribution platform in a live network environment. This advancement enhances India's capabilities in quantum-secured communications for critical military applications. The technology ensures secure communication for artillery and armored weapon tests while providing eavesdropping detection capabilities. Additionally, free-space QKD technology is being developed to facilitate communication in challenging terrains without optical fibers.
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.
Blume, Kalaari, Chiratae among 19 VCs in RDI fund's Rs 7,131 crore first cohort
The selected cohort comprises 14 alternative investment funds (AIFs) and five focused research organisations (FROs), which will channel long-term capital into deeptech startups and private sector research and development.
Govt selects 19 fund managers under RDI, committing Rs 7,131 crore
The government's Research, Development and Innovation Fund (RDIF) has approved its first cohort of 19 second-level fund managers with a total commitment of Rs 7,131 crore, marking a key step towards mobilising private investment in research and development and emerging technologies.
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