Browsing: Technology

Swati Bhargava, Co-Founder of CashKaro and a renowned voice in India’s entrepreneurial ecosystem, has made a strategic investment in MobiYoung Group, the parent company of DGTOOHL – a next-generation OOH AdTech and media aggregation platform.

Renewbuy has secured $10 million in funding from Apis Partners and 360 One amidst its merger with InsuranceDekho. The funds will support business development until the merger receives regulatory approval. Renewbuy, valued at around $324 million after its last funding round, plans to use the capital to expand operations during this interim period.

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.

Approval has been granted for the setting up of two SEZ facilities in Gujarat and Karnataka with a total investment of ₹13,100 crore

The Vehicles Research & Development Establishment handed over nine defence technologies to ten private sector firms, reinforcing industry collaboration.

Al Ansari Financial Services PJSC, the UAE-based non-banking financial services provider, has launched its new business solutions centre, Al Ansari Financial Services Solutions Private Limited (AAFS Solutions), in Hyderabad, India.

Three-pronged AI strategy focuses on AI security, Vertical Fintech Expertise, and Full-stack AI platform support
First fintech clients begin official integration in June 2025 in Southeast Asia and South Asia

Ahmedabad is emerging as a significant spacetech hub in India, fueled by startups founded by former ISRO engineers. These ventures, including SatLeo Labs and PierSight, have collectively raised $5.3 million, attracting substantial initial investments. Their innovations in thermal imaging, SAR technology, and satellite propulsion are poised to revolutionize commercial space applications, supported by a conducive ecosystem and IN-SPACE.

The Bengaluru-based company, which provides standardised athletic assessments for children, will use the funds to develop its proprietary AI models, expand in domestic markets, and enhance support systems for athletes.

Solar Defence and Aerospace (SDAL) successfully tested Bhargavastra, a low-cost counter-drone system, at the Gopalpur firing range. The system uses micro rockets to neutralize drone swarms, marking progress in India’s drone defense capabilities. Prime Minister Modi reviewed indigenous defence projects, including the Nagastra-3 loitering munition, highlighting advancements in India’s defence technology.