Tech Firms

Navi aims to become a major UPI player as it scales credit line offerings

Rajiv Naresh, MD and CEO, Navi, says the fintech aims to capture a significant share of the UPI ecosystem by investing in credit line products, strengthening tech infra, and customer awareness

Excelsoft Tech shares debut 5% higher after IPO subscribed 43 times

Shares of Excelsoft Technologies Ltd on Wednesday ended with a premium of nearly 5 per cent against the issue price of Rs 120. The stock made its market debut at Rs 135, rallying 12.5 per cent from the issue price on both the BSE and NSE. During the day, the stock surged 18.87 per cent to Rs 142.65 on the BSE. It finally ended at Rs 125.95 per share, up 4.95 per cent. On the NSE, shares of the firm ended at Rs 125.97 apiece, registering a jump of 4.97 per cent. The company's market valuation stood at Rs 1,449.49 crore. The initial public offer of Excelsoft Technologies Ltd received 43.19 times subscription on the closing day of bidding on Friday last week. Excelsoft Technologies is a vertical SaaS (software-as-a-service) company focused on the learning and assessment market. The Rs 500-crore IPO had a price band of Rs 114-120 per share. The Initial Public Offer (IPO) had a fresh issue aggregating up to Rs 180 crore and an offer for sale aggregating up to Rs 320 crore. The compa

Big Tech's debt binge raises risk in race to create an AI world

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India can be the most important country in the world for AI: Kirthiga Reddy

Former Facebook India (now Meta India) MD Kirthiga Reddy shares insights on building AI-native companies and why established tech firms must move 100x faster

Business-as-usual may erase 30% of revenue for tech services firms: Report

Report says tech services firms risk major revenue and margin erosion if they continue with business-as-usual strategies. AI, demographic shifts and energy transition are reshaping sector's outlook

Business-as-usual approach could cut 30% of revenue for tech firms: Report

A business-as-usual approach could erode revenue by 30 per cent or more for tech services firms, Bain & Co has said citing major disruptions like AI facing global technology services industry. In its new report 'The new growth equation for tech services' Bain & Company noted that AI is the biggest disrupter in tech services, but "not the only one". Economic nationalism, aging population and the energy transition are also forcing change across the industry. Together, these factors are reshaping how tech services providers operate, deliver value and compete. The global technology services industry faces major disruption, and continuing to operate with a business-as-usual approach could erode revenue by 30 per cent or more, according to the report. "Across the sector, margins have fallen by more than 200 basis points, and valuations have returned to pre-pandemic levels," it observed. Analysis by Bain shows that these factors, however, also create fresh opportunities. The rise of .

Arattai chats get end-to-end encryption, users urged to update app

Direct chats on Arattai are now protected with end-to-end encryption, the Zoho-backed messaging platform said on Tuesday. In a social media post, Arattai urged users to update to the latest version of the app. "The wait is finally over! Direct chats on Arattai are now protected with end-to-end encryption," it said. Earlier in the day, Zoho founder Sridhar Vembu had said Arattai is poised for a big update with end-to-end encryption scheduled to be rolled out on Tuesday night. Vembu said many more "cool features" on Arattai are in the works once "this big transition" is through. "Please update the Arattai app from the Play Store/App Store, and please encourage your contacts to do so. The end-to-end encryption will be enabled Tuesday night IST," Vembu said in a post on X on Tuesday. He explained that users will be able to exchange only end-to-end encrypted messages if both they and their contacts are using the latest version of Arattai. "If you are on the latest Arattai version and

Bengaluru Tech Summit 2025: 'Look beyond coding, focus on products'

At the Bangalore Tech Summit, industry leaders said India must move from a coding-focused services model to product-led innovation, strengthening deep tech, AI and semiconductor capabilities

Azimuth AI, Cyient unveils India's first-gen IP powered silicon chip

Azimuth AI and Cyient Semiconductor on Monday announced the launch of 'ARKA GKT-1', billed as India's first-generation intelligent-power platform-on-a-chip designed for high-efficiency edge AI and smart energy applications. The chip, unveiled by Union Minister for Electronics and IT Ashwini Vaishnaw, marks a key milestone in India's strides towards self-reliance and underscores its ambitions to evolve into a hub for semiconductor design and tech innovation, entrenched deeply into global value chains. Developed by Azimuth AI and Cyient Semiconductors, ARKA GKT-1 integrates multi-core custom computing, advanced analogue sensing, memory and intelligent power management into a single, energy-efficient System on a Chip (SoC). Tailored for smart utilities, advanced metering, battery management, smart cities and industrial automation, it brings real-time intelligence while maintaining low power consumption. This first-generation platform is built on Azimuth AI's Software-Defined Silicon .

Govt may shorten DPDP compliance timeline for big tech amid industry talks

The Digital Personal Data Protection (DPDP) rules, which currently offer an 18-month transition period for companies, may see this timeline "compressed" for large companies as the government engages with industry stakeholders on the issue. Big tech firms and many large companies already abide by stringent data protection standards in many other markets, among them General Data Protection Regulation (European Union's data privacy and security law) and this argument has prompted discussions about faster implementation of the new rules in India. About the rationale of 18-month transition time, when, in fact, many large companies are already complying with stringent norms elsewhere, IT Minister Ashwini Vaishnaw said the government is already in touch with the industry on the issue. "We have been discussing with industry... the first set of rules have been published and this gives reasonable timeframe depending on what industry's ask was, and what our thrust was." He added, "But we are

South Korean conglomerates pledge $550 billion domestic investment

Hyundai Motor Group pledged 125.2 trillion won over the same period

With Zoho around, we are determined to work on Arattai: Sridhar Vembu

In a conversation with Business Standard, Zoho founder Sridhar Vembu talks about his role as a scientist, his vision for the firm and India's AI journey

Proposed AI content rules test social media's limits, raise compliance

India's proposed IT Rules mandate AI content labeling, but social media firms warn of technical, compliance, and user-experience challenges

Zerodha's Nikhil Kamath backs Nothing smartphone with $21 mn investment

Kamath said that the investment was guided by Nothing's design, utility, affordability, revenue & growth margins, and innovation capability

US tech firms hold back data centre leasing in India amid trade tensions

Demand orders for hyperscale data centers from technology majors like Amazon, Microsoft, and Google are still in the pipeline, but the firms are holding off on signing them for now

Indian tech ecosystem gets $7.7 bn in funding, down 23% from 2024

India's tech ecosystem attracted $7.7 billion in funding in the first nine months of 2025, down from $10.1 billion in 2024 and sharply below the $29.3 billion peak in 2021

Lightspeed leads $23 mn funding in Emergent AI app-building platform

AI startup Emergent raises $23 million Series A led by Lightspeed as platform hits $15 million ARR in 90 days with 1.5 million apps built from natural language prompts

LanzaTech looks to convert waste into green fuels, eyes export market

LanzaTech aims to transform agri residue and waste gases into ethanol and sustainable aviation fuel with partners Indian Oil and GAIL as India builds biofuel capacity

BeyondSquare raises $4 mn from Avant to expand financial reporting services

Bengaluru-based firm will use investment to improve its software platform and expand in global markets

India's GCCs too big to bill lightly: Backend hubs face tax claims

The big question: Are these companies paying their fair share of taxes in India? That question has triggered a series of tax disputes between foreign firms and Indian authorities