Page 19 - Industry News

IBBI proposes new norms to strengthen CoC oversight and transparency

IBBI's discussion paper recommends detailed CoC deliberation records, mandatory going-concern assessments and clarified rules on delayed claims to improve IBC transparency and discipline

Hyderabad strengthens role as MNC hub for AI, life sciences and GCC growth

Global firms are scaling AI, life sciences and GCC operations in Hyderabad, backed by strong talent, pharma depth and policy support, with major investments announced around BioAsia this week

India doesn't need hand-down versions of AI products: Intel's Viswanathan

India requires AI products that adapt to societal needs and adopt a frugal approach to using high-end, high-cost technologies, including frontier models, he said

Supreme Court flags rising use of unverified AI inputs in court filings

Supreme Court has cautioned against unverified AI-generated material in filings after spotting fictitious and inaccurate citations, reminding lawyers that accuracy must be ensured

Payments industry adopts AI-led interfaces, LLMs to reshape transactions

Fintechs, NPCI are deepening AI integration across India's payments stack, from agentic interfaces and conversational payments to domain-specific LLMs designed to streamline disputes and transactions

Chemists warn PM that fake AI prescriptions are enabling illegal drug sales

AIOCD has urged the Prime Minister to ban AI-generated prescriptions, alleging they are being misused by unregulated e-pharmacies to sell restricted medicines, posing a serious public health risk

AI to crash filmmaking costs, open doors to new storytellers: Shekhar Kapur

The director, known for critical and commercial hits such as "Masoom", "Mr India" and "Bandit Queen", said he has already begun using AI in his own work

States asked to speed up rules, nominate officials for Labour Code rollout

Labour Secretary Vandana Gurnani urged states and UTs to nominate officials, accelerate rule finalisation and support training to ensure smooth rollout of the four Labour Codes from FY27

IBA appoints Gunveena Chadha as Secretary General

Indian Beverage Association (IBA), the apex body for the non-alcoholic beverage industry on Tuesday announced appointment of Gunveena Chadha as its new Secretary General.

IVCA consortium commits ₹500 crore to fund 31 India-built AI startups

Sixteen IVCA-member VC firms have pledged ₹500 crore to invest in 31 homegrown AI startups showcased at MeitY's Impact AI PitchFest, signalling rising confidence in India's deployable AI ecosystem

Carrier to invest ₹1,000 crore in Sri City as India's AC hub expands

Carrier's ₹1,000 crore investment in a new AC plant strengthens Sri City's position as India's cooling hub, with manufacturers expanding capacity and the region gaining strategic supply advantages

NPCIL reconnects Tarapur Atomic Power Station's Unit-1 to power grid

An official release issued by the NPCIL said the life-extension activities were executed under "stringent regulatory oversight" and align with global nuclear safety standards

Bihar govt signs pacts for investments worth ₹468 cr at AI Impact Summit

According to an official statement, the Bihar government has signed Memorandums of Understanding (MoUs) worth ₹468 crore with several major technology companies as well as with IIT Patna

SC disposes Think & Learn plea, protects 25.75% Aakash stake till NCLAT

The Supreme Court has closed Think & Learn's appeal after recording Aakash's undertaking that its 25.75% stake will remain protected until NCLAT decides a pending plea

AI to reshape tech careers, coding won't stay core: Nandan Nilekani

Nilekani stressed that legacy system modernization can no longer be deferred, citing high maintenance costs, siloed data, and rising security risks

Black Box signs ₹275 cr Brazil deal in boost to global digital infra push

Essar Group firm advances India and overseas strategy amid rising demand for data centre, network and cybersecurity services

AI can save India up to ₹20,000 crore in port cargo handling: EAC-PM member

Speaking at session 'AI-Powered Ports: Reimagining Efficiency and Operations' at the AI Impact Summit here, Vallabh said India is emerging as a global leader in the field of new technology

India's solar mfg boom turns into glut as capacity outpaces demand

Capacity utilisation at the country's module-assembly plants has shrunk to around 40 per cent from more than 70 per cent in the year through March 2023

AI won't replace journalism; trust, accountability are key: Media leaders

India-AI Impact Summit 2026: Media leaders said while AI is changing newsrooms, human judgement and accountability remain essential, as AI should support journalists, not replace them

AM Group starts development of $25 billion AI data centre project in UP

AM AI Labs said that it has received land for the first two phases of its 1 GW AI data centre in Uttar Pradesh, with 350 MW capacity planned by 2028 and full commissioning targeted by 2030