Browsing: Innovation

The scheme will offer long-term, low-interest funding and equity support to boost private R&D in fast-growing tech sectors.

Reliance Defence has signed a strategic cooperation agreement with Germany’s Diehl Defence to manufacture Vulcano 155mm precision-guided munitions in India. A new facility in Ratnagiri, Maharashtra, will support this production, aligning with the government’s Make in India and Atmanirbhar Bharat goals. The partnership could generate ₹10,000 crore in revenue and marks Reliance’s fourth major global defence collaboration. With over 50% indigenous value addition, the deal strengthens India’s defence.

The Reserve Bank of India has instructed finance companies to exclude default loss guarantees (DLGs) from fintech firms when provisioning for stressed loans, impacting digital lending service providers. NBFCs must now make full provisions on these loans, diminishing their appeal for new business.

Indian space technology company InspeCity has announced a $5.6-million seed-funding round to power its vision of sustainable space operations.

Global medtech giants like Siemens and Philips are expanding R&D and manufacturing in India, leveraging policy support and talent to embed India in global value chains

The world of artificial intelligence (AI) is experiencing an unprecedented surge in investment, with 2024’s…

The Indian startup ecosystem has evolved significantly over the past decade, making it an attractive…

India, known for its thriving tech ecosystem, is quickly emerging as a global leader in…

In an era where AI has become synonymous with innovation, efficiency, and scalability, Amazon has…

Digital-only banks are revolutionizing the way people manage their finances, offering a more convenient, efficient,…