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Prof. Umesh V. Waghmare told ESTIC 2026 in New Delhi that industry-academia collaboration is vital for India's Physical AI, robotics and autonomous systems.
HCLTech has launched an AI-powered nano Global Capability Centre offering built on Amazon Web Services, with the Asia Pacific region as the first phase of rollout.
India's cloud data capacity is projected to grow nearly 4-5 times by 2030, with 30 empanelled Cloud Service Providers as of September 2026, a government factsheet showed.
BCG report says AI-led services could add $300-400 billion in industry growth by 2030, offset by $200 billion in existing contracts, netting $100-200 billion.
A Boston Consulting Group report says AI-led services will generate USD 100-200 billion in net new work by 2030, with firms able to reskill existing staff to meet demand.
Zoho co-founder Sridhar Vembu said AI lets one worker do the job of ten, but falling costs could let more businesses hire software engineers and digital marketers.
Amazon has laid off around 250 employees in its devices and services division, mostly in software development, weeks after unveiling new Kindle e-readers and Alexa devices.
Microsoft posted USD 92.3 billion in revenue for the July-September quarter, up 19 per cent, as Microsoft Cloud revenue reached USD 63.9 billion and Azure grew 48 per cent.
Dr Jitendra Singh urged stronger ties between startups and industry at the ESTIC-2026 conclave in New Delhi, which featured 50 deep-tech startups and 13 departmental stalls.
Google Cloud demonstrated Gemini, Workspace and no-code AI agents at Cloud Day India 2026 in New Delhi, attended by over 600 business and technology leaders.
SK hynix said its DRAM and high-bandwidth memory chips are effectively sold out through 2029 as quarterly revenue crossed 100 trillion won for the first time, with operating profit up 632.1 per cent.
India's space economy is targeted to reach $44 billion by 2033, with NSIL signing 118 technology transfer agreements and start-up investment at $618.5 million.
McKinsey reports banks could cut human effort in transaction monitoring investigations by 30-50 per cent with agentic AI, while improving compliance report quality and consistency.
Anand Rathi's report says Indian IT companies can benefit from enterprise AI adoption through an asset-light model, as rising infrastructure costs raise financial risks for AI capacity builders.
Anthropic said Claude produced around 35,000 antibody designs in about a month with Divergence Labs for a potential food allergy treatment targeting IgE, with three designs beating standard medication.
A Citi Institute report finds nearly 60 per cent of organisations remain in AI exploration or pilot stages, with North America leading at 77 per cent in production or scaling.
BSNL CMD Robert J Ravi said satellite communication can keep networks running during disasters and speed up emergency response, with 6G and direct-to-device plans by 2035.
Dr Vinod Kumar of IN-SPACe said rising LEO satellite demand and a new SSLV launch pad at Kulasekarapattinam in Tamil Nadu will help India grow its space economy to USD 44 billion.
Principal Scientific Adviser Ajay Kumar Sood told IANS that PM Modi's support is essential for science and technology, and flagged cell and gene therapy as the next frontier ahead of ESTIC 2026.
Praveen Khandelwal said CAIT and NASSCOM signed an MoU in Delhi, in the presence of Union Minister Jitin Prasada, to promote AI adoption and cyber fraud prevention among traders.
