Activate, a venture capital fund that specialises in early-stage AI startups, has formed a partnership with NVIDIA to offer founders access to the global chipmaking giant's development resources. The statement was made in New Delhi during the 'India AI Impact Summit 2026', which is now underway.
A $30 billion agreement between Nvidia and OpenAI, founded by Sam Altman, is almost finalised. The businesses took this action in lieu of the $100 billion long-term commitment they signed last year. The deal was a component of the AI company's substantial new funding round. The multi-year investment
Indian edtech startup Klassroom has taken a major step towards going public by filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an IPO on the Bombay Stock Exchange (BSE) SME platform. This move follows strong growth and improved profits, suggesting the
Amazon has officially surpassed Walmart to become the world’s largest company by annual revenue, marking a major shift in global retail and technology leadership. The change follows Walmart’s latest full-year earnings announcement on 19 February 2026, which confirmed that its sales fell just short of Amazon’s previously
Portuguese football superstar Cristiano Ronaldo has made a major investment in health and wellness technology developed by Herbalife Ltd., the nutritional supplements and wellness firm he has partnered with for more than a decade. Ronaldo has invested $7.5 million (around £6.3m) to acquire a 10% equity stake in
Three engineers, including a former employee of Google, have been charged in the United States over the alleged theft of confidential trade secrets linked to the company’s Tensor processor technology used in Google Pixel smartphones. According to an indictment unsealed in the Northern District of California, the accused are
In response to decelerating demand and declining market share, Ola Electric is allegedly preparing for yet another massive reduction in its physical store footprint. Several news agencies have reported that by the end of March, the corporation plans to reduce its shop network to approximately 550 stores. Following a previous
Roopya, a Saas-based startup, has raised ₹ 4 Crore in seed round led by Inflection Point Ventures.The capital infusion is set to accelerate the company’s mission of revolutionizing how financial institutions process credit through its superior no-code, AI-powered lending stack. The investment comes at a time when the Indian
KORA by Nilesh Chhadva and Mitesh Sumbad, the bridge to luxury Indian men's ethnic wear, is thrilled to announce the opening of its third store in Tamil Nadu at 2nd Avenue, Anna Nagar, Chennai on January 14, 2026. This new flagship store marks a significant milestone in the
India’s startup ecosystem remained active on 19 February, with fresh capital flowing into EV mobility and enterprise AI, underscoring sustained investor interest in technology-led transformation. At the same time, major business developments emerged across crypto, food delivery, and online gaming, spanning ESOP liquidity events, strategic shutdowns, and regulatory action.
Gold and silver prices in India closed largely stable with minor declines on 19 February 2026, as domestic retail rates showed limited movement amid balanced global cues. Gold dipped marginally by ₹10 per 10g in several cities compared to the previous day, while silver held firm after recent volatility, supported
On February 19th, The ePlane Company—a domestic manufacturer of eVTOL planes—announced a partnership with Nvidia to construct the e200x, the country's first electric air taxi. The partnership is centred on the sharing of knowledge and does not include any financial aspects. A digital twin of the
On February 19th, JioHotstar, which is owned by Reliance Industries, announced a partnership with OpenAI, led by Sam Altman. This relationship is expected to revolutionise the viewing experience by introducing a natural, voice-driven interface. Through this collaboration, the largest platform in the country will be able to incorporate ChatGPT-powered discovery
OpenAI will be expanding its operations to India later this year with the opening of offices in Bengaluru and Mumbai. Notably, the ChatGPT creator established an office in New Delhi last year, so it already has a presence there. India is currently at the forefront of AI adoption, according to
Godfrey Phillips India shares have surged 31% in just three trading sessions, helped by cigarette price hikes and easing tax concerns. Here’s what is behind the sudden stock market rally. Godfrey Phillips Share Price Rally: 31% Gain in Three Sessions Shares of Godfrey Phillips India rose more than 6%
As part of their joint global AI infrastructure effort, Stargate, OpenAI will be the first customer of the data centre business in India. The collaboration will be starting with 100 megawatts of capacity, according to Tata Consultancy Services and OpenAI. Major investors have sponsored Stargate, a $500 billion, multi-year plan
In April 2026, Meta will terminate Messenger.com. As a result, Facebook is bringing back browser-based texting and dismantling Messenger's standalone web presence. Alerts that appear in the Messenger app and on the website are already informing users. Meta has announced that as of April 2026, messenger.com
On February 18th, Larsen & Toubro (L&T) announced its intention to form a joint venture with Nvidia, a chipmaking giant. This JV will be formed to construct a sovereign AI manufacturing infrastructure in India on a gigawatt scale. Day three of the AI Impact Summit was when the
Annapurna Finance Private Limited has secured a USD 100 million through syndicated multi-currency term loan facility, along with a USD 50 million greenshoe option. The facility, denominated in USD and JPY, marks a significant step in enhancing Annapurna Finance’s access to new currencies and international lenders, the facility structured
New measures announced with President Emmanuel Macron's trip to India this week are anticipated to deliver new deals for French companies. On 18 February, French car parts maker Valeo outlined intentions to grow its sales in India. Valeo announced plans to spend over 200 million euros ($237 million)
A hundred billion dollars will be spent by the Adani Group to construct data centers in India that are AI-ready and powered by renewable energy by the year 2035. It is thus one of the biggest integrated energy-and-compute commitments in the world. The national data center capacity of the conglomerate
On February 18th, MakeMyTrip announced a partnership with OpenAI to improve AI-led trip discovery and collect searches with high intent. As part of the partnership, MakeMyTrip will integrate additional AI capabilities into its app by leveraging OpenAI's APIs. By integrating with the company's generative AI planning
IAN Alpha Fund, the 2nd in the series of IAN Group’s VC funds, along with Speciale Invest, has co-led a ₹70 crore Series A funding round in Peptris, a Bengaluru-based AI-powered drug discovery company. The round also saw participation from Tenacity Ventures, BYT Ventures, and other investors. The investment
Fabless Semiconductor startup Vervesemi has raised $10 million in a series A round led by ace market investor Ashish Kacholia and Unicorn India Ventures. The round also saw participation from Roots Ventures, Caperize Fina and MAIQ Growth Scheme. Funds raised will be deployed in 3 key strategic areas. The Company