StartupTalky

Tag: #news

  • ED Allows Flipkart to Settle FEMA Violation Case by Paying Penalty

    According to various media reports, the Enforcement Directorate (ED) has offered to close a FEMA violation case against the Walmart group company Flipkart, provided it acknowledges its error and pays a fine.

    Flipkart was granted the option last week by the Enforcement Directorate in accordance with the Foreign Exchange Management Act’s (FEMA) compounding provisions. Flipkart has been given the option to compound, according to a PTI report. Flipkart has been requested by ED to acknowledge its error, pay a fine, and shut down the seller network connected to it.

    ED Also Summoned Amazon

    Amazon India was also called by the ED to enquire about the company’s condition. An Amazon India representative who was contacted stated that the business does not comment on investigations that are still underway.  But according to ED sources, they haven’t offered Flipkart any offers regarding compounding.

    The compounding option provided by the ED is intended to increase India’s bargaining position in the current bilateral trade negotiations with the United States, according to an official of one of the e-commerce companies who spoke on condition of anonymity.

    Without having to deal with drawn-out enforcement processes, firms can use the compounding rules to freely admit violations of the FEMA regulation and settle the case by paying a penalty for the violations. The ED has been investigating Flipkart and Amazon India for allegedly violating FEMA regulations.

    Why E-Commerce Players are Under ED Scanner?

    Allegations have been made that these businesses are using their platform to promote deals in an effort to increase sales. In July 2021, the ED first sent a show-cause notice to Flipkart, associated companies, and individuals, asking them to explain why they shouldn’t face additional charges under India’s Foreign Direct Investment laws and regulations for alleged infractions from 2009 to 2015.

    The notification referred to the years 2009–2015, prior to the U.S. giant Walmart acquiring the majority of Flipkart. Even after Flipkart was acquired by Walmart, ED nevertheless sent notice to the company to look into its operations after 2016. The corporation received its most recent notice in April of this year. Flipkart is also under investigation by the Competition Commission of India for alleged violations of competition laws by some of its Indian subsidiaries and other parties.

    One of Flipkart’s subsidiaries obtained a non-confidential copy of the CCI DG’s Investigation Report in September 2024, which contained allegations of specific violations of competition law.

    Quick Shots

    •ED offers Flipkart the option to settle a FEMA
    violation case by paying a penalty.

    •Walmart-owned Flipkart asked to acknowledge errors
    and close related seller network.

    •Compounding option given under Foreign Exchange
    Management Act (FEMA) provisions.

    •Amazon India also summoned by ED for similar
    FEMA-related enquiries.

    •ED’s move seen as part of India’s tightening
    scrutiny of e-commerce giants.

    •FEMA case dates back to 2009–2015, before Walmart’s
    acquisition of Flipkart.

  • Jio Payments Bank forays into next-gen tolling services for Multi-Lane Free Flow (MLFF) road projects

    The payments bank is leveraging its digital payments capabilities to serve the nation through infrastructure-linked financial services 

    Jio Payments Bank Limited (JPBL), a digital-first payments bank and a subsidiary of Jio Financial Services Limited (JFSL), has won a contract to implement the FASTag Automatic Number Plate Recognition (ANPR)-based MLFF toll collection system across two toll plazas – Shahjahanpur and Manoharpura – between Gurugram and Jaipur. 

    The MLFF tolling system is an advanced electronic toll collection technology that accurately identifies, classifies, and charges vehicles travelling without requiring them to slow down, stop, or use designated toll lanes. It leverages a combination of Radio-Frequency Identification, ANPR, Dedicated Short-Range Communication, and Global Navigation Satellite System technologies to ensure smooth, contactless tolling operations across multiple lanes, thereby reducing congestion and improving commuter convenience.

    These plazas were awarded as part of the tender issued by Indian Highways Management Company Limited (IHMCL) for managing toll processing under India’s pilot MLFF project, aimed at enabling seamless, barrier-free vehicular movement on national highways. So far, five MLFF bids have been awarded, of which JPBL has secured two, demonstrating its competitiveness in this space. 

    Securing the contract to collect and process toll for an MLFF project is a  significant milestone for JPBL, building on the foundation of its FASTag acquisition-based toll processing operations, which commenced in July 2025.  JPBL is already managing toll operations at 11 toll plazas on different highway stretches across the country as an acquirer bank. With the acquisition of toll management rights at these two MLFF road projects, JPBL is well-positioned to play a pivotal role in the country’s evolving infrastructure-linked digital payments landscape.

    For its toll management operations across highways, JPBL is exploring synergies with Jio Platforms, leveraging the latter’s robust digital capabilities. As India witnesses a period of rapid physical infrastructure creation, complemented by state-of-the-art digital infrastructure, JPBL is well-positioned to play a catalytic role in this transformation. 

    Vinod Easwaran, Managing Director & CEO, Jio Payments Bank Limited says: “Our expansion into the tolling ecosystem is a natural progression of our mission to digitise everyday payments and build smart financial infrastructure at scale. This milestone reflects our commitment to delivering seamless, citizen-centric financial services and driving access, efficiency, and inclusion across the country. By leveraging the synergy of digital capabilities with the group ecosystem, we are actively building capabilities to participate in the evolving mobility ecosystem in India.”

  • Foxconn to Invest INR 15,000 Crore in Tamil Nadu, Creating 14,000 Jobs

    Tamil Nadu’s industries minister, TRB Rajaa, announced today that Foxconn, a Taiwanese contract manufacturing giant, would invest INR 15,000 crore in the state, generating 14,000 high-value jobs. The minister claims that this is the state’s biggest-ever commitment to engineering jobs and that it will greatly strengthen Tamil Nadu’s advanced manufacturing and electronics industries.

    In a post on the social media site X, Rajaa claimed that Tamil Nadu has the biggest engineering positions ever. Dedication to Tamil Nadu! Foxconn pledges 14,000 high-value jobs and INR 15,000 crore in investments! Prepare, engineers! According to Rajaa, Foxconn intends to introduce its next stage of sophisticated technology operations powered by AI, R&D integration, and value-added manufacturing to Tamil Nadu.

    Foxconn Affirms its Commitment in TN

    According to Raja, Robert Wu, Foxconn’s India representative, met with MK Stalin, the chief minister of Tamil Nadu, to reiterate the company’s faith in the state by presenting significant investment intentions. “As @CMOTamilNadu Thiru and @MKStalin Avargal met with Foxconn’s India Representative Robert Wu to reaffirm their deep trust in Tamil Nadu with substantial investment commitments,” he wrote in his post, adding that this was yet another significant boost for the state’s electronics and advanced manufacturing sector.

    The first-ever Foxconn Desk in India will be established by Guidance, the investment promotion agency of Tamil Nadu, to facilitate these initiatives. The minister referred to this desk as a step towards what he called the “Dravidian Model 2.0”, saying it will guarantee the seamless facilitation of projects and mission-mode implementation.

    Robert Wu Met Karnataka CM

    Following Robert Wu’s meeting with Karnataka Chief Minister Siddaramaiah in Bengaluru on 12 October, the announcement was made. They talked about strategies to increase Foxconn’s footprint in Karnataka and looked into new manufacturing and technological cooperation options during the discussion. Currently operating in Telangana, Karnataka, and Tamil Nadu, Foxconn’s new plans mark a significant expansion of its presence in India.

    In order to guarantee “seamless facilitation and mission-mode execution” of the company’s investments, the Foxconn Desk will be established within Guidance Tamil Nadu. According to Dr Rajaa, the news supports Tamil Nadu’s plan to increase the development of high-value jobs and highlights the state’s rising significance as a major electronics manufacturing hub in India.

    Quick Shots

    •Foxconn
    to invest INR 15,000 crore in Tamil Nadu.

    •The
    investment will generate 14,000 high-value engineering jobs.

    •AI-powered
    technology, R&D integration, and value-added manufacturing.

    •First-ever
    Foxconn Desk in India to ensure seamless project facilitation.

    •Tamil Nadu CM MK Stalin and Industries Minister TRB
    Rajaa emphasize mission-mode execution.

    •Foxconn already operates in
    Telangana, Karnataka, and Tamil Nadu, marking a major footprint expansion.

  • Robert Kiyosaki, ‘Rich Dad Poor Dad’ Author, Warns of Historic Market Crash: Advocates for Silver and Ethereum Investments

    Robert Kiyosaki, best-known for his book “Rich Dad Poor Dad,” has once again issued a strong warning about a looming global market crash, forecasting that it could be the biggest in history and occur this year. He believes that investors should move away from traditional savings and embrace what he calls ‘real assets’ such as silver and Ethereum. His views have sparked widespread debate across financial circles, with many tracking the real-time impact on markets and the growing unrest among investors.​

    Renewed Concerns After Recent Market Turmoil

    Kiyosaki’s latest concerns come in the wake of a sharp cryptocurrency market crash, triggered by US President Donald Trump’s recent announcement of 100% tariffs on Chinese imports. This sudden policy shift caused losses in major cryptocurrencies like Bitcoin and Ethereum, amplifying worries about broader market instability. Kiyosaki suggests that such events confirm his longstanding predictions; financial systems built on “paper promises” and printed money are increasingly vulnerable during economic stress.​

    He describes “Baby Boomer” retirees as particularly at risk, warning that their savings and retirement accounts could be wiped out, possibly leaving many without secure housing. According to Kiyosaki, inflation erodes the value of cash savings, and he repeats his mantra: “Savers are losers.” He encourages people to seek safety in tangible assets rather than relying on fiat currencies or conventional pensions.​

    Kiyosaki believes that “real assets” such as gold, silver, Bitcoin, and now Ethereum, are the safest ways to protect money during economic uncertainty. He points out silver and Ethereum as especially good choices because they are useful in industry and are currently seen as undervalued. This year, silver prices have risen almost 48%, while gold and Bitcoin have also grown strongly. He advises investors to learn about both the benefits and risks of these assets and stresses the importance of being financially informed before making decisions.

    Support for Trump’s 401(k) Retirement Plan Changes

    Kiyosaki has also endorsed President Trump’s expansion of the 401(k) retirement plan, which now allows Americans to diversify into alternative investments like real estate, gold, silver, Bitcoin, and Ethereum. He claims this change, alongside Trump’s Middle East peace initiatives, provides workers and retirees with opportunities to extend their financial security through assets beyond the stock and bond markets. Kiyosaki criticises conventional investment vehicles and highlights how inflation threatens the long-term value of retirement savings.​

    Straightforward Advice for Investors

    Kiyosaki’s outlook is simple and clear: avoid reliance on cash, printed money, and standard mutual funds or ETFs. He recommends holding assets that have real-world use and scarcity, like silver and Ethereum, as a buffer against economic uncertainty. Kiyosaki’s caution is not an invitation to panic but a call for individuals to make informed choices and keep learning about the financial landscape.​

    Kiyosaki’s predictions, while contested, highlight current anxieties about global market stability, inflation, and the future of retirement security. Investors are encouraged to weigh risks carefully, seek out genuine value, and stay updated on market changes as events unfold.

    Top 10 Money Management Books
    Discover financial success with the top 10 money management books. Transform your approach to money with these practical guides for a secure financial future.
    StartupTalky- Business News, Insights and StoriesRia Sahni

  • Tata Trusts Break 65-Year Retirement Rule: N. Chandrasekaran Granted Third Term as Tata Sons Chairman

    Tata Trusts have made an unprecedented exception to the group’s standard retirement age, granting Natarajan (N.) Chandrasekaran for a third term as chairman of Tata Sons. Ordinarily, executives must retire at 65, but the Trusts’ decision allows Chandrasekaran to continue until 2032, a rare move in the history of the Tata group.

    Exception to the 65-Year Rule: What Changed

    Chandrasekaran’s current term was set to end in February 2027, as he approaches the age threshold of 65. But the Trusts approved a resolution that waives this age barrier for his third term, making him the first Tata executive permitted to serve beyond the usual limit.

    Though the decision is symbolic in many ways, it also has a legal and governance effect. It gives the Tata Sons board the formal authority to consider and ratify the extension once the current term ends.

    The move marks a significant departure from long-standing Tata norms, where strict retirement rules have guided leadership transitions across companies in the group.

    Why the Trusts Chose to Bend the Rule

    1. Continuity through strategic transformations

    Tata is planning and investing hugely in sectors such as semiconductors, electric vehicles (EVs), EV battery manufacturing, and the turnaround of Air India. These are capital-intensive, long gestation industries that benefit from steady leadership over many years. The Trusts believe that extending Chandrasekaran’s term will help the group execute these complex plans without leadership disruption.

    2. Avoiding instability during critical periods

    The timing of this extension is notable: Tata has several major projects, deals, and restructuring efforts in motion. A change in leadership in the middle of such phases could introduce uncertainty. The exception is meant to maintain stability while these programmes mature.

    3. Confidence in his leadership record

    Since becoming chairman in 2017, Chandrasekaran has guided Tata through challenging times, including global market shifts, internal reorganisations, and acquisitions. His track record has evidently convinced the Trusts that he is well placed to oversee the next phase of transformation.

    Reactions, Challenges & What to Watch

    Market and public reaction

    The decision has drawn mixed responses:

    • Supporters argue that continuity makes sense during this transformational period and that changing leadership could slow down or jeopardise critical initiatives.
    • Critics raise concerns about governance: bending a fixed rule may set a precedent, and some worry it clouds clarity about how future leadership decisions will be handled.

    While the Trusts’ resolution clears the path for an extended term, formal steps remain:

    • The Tata Sons board must formally ratify the extension when the time comes.
    • Observers will closely watch any future leadership choices to see whether similar exceptions become normalised.

    Given Tata’s deep footprint in the Indian industry and public importance, any changes in its leadership model attract attention from regulators, stakeholders, and the government. Some reports suggest government officials have signalled to Tata leaders that maintaining stability is crucial, hinting at the broader implications of governance in large groups.

    What This Means for Tata’s Future

    Tata Sons plays a major role in India’s economy, so any leadership change naturally gets a lot of attention. Reports suggest that even government officials have supported the idea of keeping things stable at the top, given how important the group is to several key industries.

    By extending Chandrasekaran’s term, the Tata Trusts have shown strong faith in his leadership. This move gives the group steady direction as it invests in new areas like semiconductors, electric vehicles, and aviation. It also avoids confusion or delays that could come with a leadership change.

    However, the decision will be watched closely. It breaks a long-standing rule, and people will want to see if similar exceptions are made in the future. For now, it means Tata will continue under a trusted leader while it works on some of its biggest projects yet.

    Tata Group Faces Boardroom Battle as Leadership Rift Widens
    Internal rifts within Tata Trusts have triggered a governance crisis at Tata Sons. Here’s how the government is stepping in to restore stability.
    StartupTalky- Business News, Insights and StoriesNitin Konde

  • TCS Raises Variable Pay for Senior Employees, Retains 100% Bonus for Juniors

    Following the release of the company’s second-quarter results, Chief Human Resources Officer Sudeep Kunnumal stated that Tata Consultancy Services (TCS) would increase variable compensation for senior personnel while maintaining its 100% quarterly incentives for younger people, according to the Press Trust of India. In addition to yearly pay increases, Kunnumal affirmed that workers in grades C, C1, and C2 will continue to receive their full Quarterly Variable Allowance (QVA).

    According to him, the updated policy is to compensate senior executives according to their individual and unit success, with total rewards being more than those of the previous year. In essence, it covers everyone who has worked for the company and is eligible for the quarterly bonus, with the possible exception of recent hires, Kunnumal told PTI. The business has been paying 100% at the junior level and will keep doing so. TCS will pay seniors more, once more depending on their performance as individuals and as a team.

    Why TCS Decided to Deploy this Move?

    Kunnumal reaffirmed in an internal email quoted by the Economic Times that staff at C2 grade and higher would receive 100% of their QVA, while those at C3A grade and higher would receive variable rewards based on performance indicators. He wrote, “This segment’s overall QVA payout will be higher than it was last year.”

    The adjustments are made as TCS, the biggest provider of IT services in India, is under investigation for personnel realignment and restructuring. In response to rumours of widespread layoffs, Kunnumal explained that although the company is restructuring positions as part of its push for artificial intelligence, the number of job losses would be closer to 12,000, or around 2% of its worldwide workforce, rather than the 50,000 to 80,000 estimates that some media sources had stated.

    At a period of industry-wide change, TCS’s updated pay structure reflects its intention to strike a balance between stability for its younger employees and more robust performance-linked incentives for senior staff. According to analysts, TCS’s variable pay policies frequently serve as a model for larger developments in remuneration in the Indian IT industry.

    TCS Layoffs is it On or a Speculation

    TCS wants to lay off between 50,000 and 80,000 workers, according to media reports, although Kunnumal refuted the inflated figures. He explained that although TCS is reorganising and restructuring positions as part of its emphasis on artificial intelligence (AI), the actual number of job losses is significantly smaller—roughly 12,000 positions, or 2% of its worldwide workforce. Kunnumal emphasised that many rumours are not factually correct and that the corporation is not aiming for a specific number of layoffs.

    Quick Shots

    •TCS increases variable compensation for senior employees based
    on performance.

    •Employees in grades C, C1, and C2 continue receiving 100%
    Quarterly Variable Allowance (QVA).

    •Seniors at C3A grade and above get variable rewards tied to
    individual and unit performance.

    •TCS is reorganizing roles amid AI adoption, but layoffs are
    limited to ~12,000 employees (2% of workforce).

  • Google Cloud CEO Thomas Kurian Assures Techies: AI Won’t Take Your Jobs, It Will Transform Them

    Thomas Kurian, the CEO of Google Cloud, has refuted popular concerns that AI will replace tech employment, claiming that AI will enable humans to do tasks that they were previously unable to do. Kurian stressed that AI’s main function is to augment human talents rather than completely replace them in an interview with the tech newsletter Big Technology.

    Kurian told Big Technology, “I think there is definitely a middle ground,” in response to forecasts of widespread automation of the workforce. He cited empirical data from Google’s Customer Engagement Suite, a set of AI-driven customer support resources introduced the previous year. When asked if they would require fewer customer support representatives, Kurian responded that “almost none of our clients have let anyone go.”

    Tech Acting as a Helping Hand: Google Cloud CEO

    Tasks that consumers used to completely avoid, including enquiries too trivial to justify contacting a customer support representative, are now being handled by the technology. This increase in capabilities rather than a reduction in staff is indicative of Google’s larger approach to the application of AI. “Does this mean we won’t need customer service agents anymore?” was one of the questions that clients had when Google first unveiled the Customer Engagement Suite, according to Kurian.

    “The answer has been a resounding no,” he underlined. This viewpoint was reaffirmed by Google CEO Sundar Pichai in a June interview with the Lex Fridman podcast, when he disclosed that the company has observed a 10% increase in engineer productivity as a result of AI tools. Google monitors this growth by calculating the extra engineering capacity generated by AI-powered help in hours each week.

    Google Planning to Hire More Engineers: Pichai

    According to Pichai, Google intends to hire more engineers in the upcoming year rather than reduce its workforce. He said, “The opportunity space of what we can do is expanding,” and he expressed optimism that AI will empower engineers to engage in more creative projects by doing away with monotonous tasks. This augmentation strategy is supported by the data.

    Over 30% of Google’s new code is now AI-generated, up from 25% in October, according to Pichai, who made this revelation on Alphabet’s most recent earnings call. Darren Hardman, the CEO of Microsoft UK, also said that GitHub Copilot currently contributes 40% of Microsoft’s code, allowing the company to release more products in the last 12 months than the prior three combined. Tech workers can feel reassured by Kurian’s message: AI is a tool for amplification, not eradication.

    Quick Shots

    •Thomas
    Kurian emphasizes AI is meant to augment human skills, not eliminate
    employment.

    •AI
    handles small, repetitive tasks, freeing staff for higher-value work.

    •Google
    reports a 10% increase in engineering efficiency thanks to AI tools.

    •Sundar
    Pichai confirms the company will hire more engineers, not reduce staff.

  • Apple Shelves Vision Air Project, Shifts Focus to Next-Gen Smart Glasses to Rival Meta

    After dominating the high-end smartphone market, Apple is now attempting to compete with Meta and offer something different. Apple analyst Mark Gurman claims that the corporation is prepared to abandon all of its plans for the Apple Vision Air and instead focus on introducing smart glasses for consumers.

    With their AR/VR capabilities, these glasses will function as a more portable gadget that stands out from the competition. According to early speculations, Apple will release two versions of the device simultaneously: one with and one without a display. Let’s take a quick look at everything that is currently available regarding Apple’s impending smart glasses.

    Apple Smart Glasses to have Two Variants

    There will be two versions of the Apple Smart Glass: one with and one without a display. For seamless operation, the iPhone will be linked with the no-display one. There are rumours that the gadget will come with voice, camera, microphone, and artificial intelligence capabilities.

    With this one, it’s likely that we’ll get to experience Siri on steroids. In addition, the gadget will have health monitoring capabilities, allowing end users to have a highly personalised experience. At debut, the glasses will come in a variety of colours and styles.

    Other Loaded Features of Apple Smart Glasses

    Due to its separate display, the Apple Smart Glasses with a display will provide a superior experience. This one will most likely show us an in-frame or in-lens display that can provide augmented visuals, notifications, and other essential information. In addition, leaks indicate that when the gadget is linked to a Mac, it will support full visionOS and have numerous switch modes.

    Regarding the release schedule, it is anticipated that Apple’s no-display smart glasses will be available in the second half of 2026. In contrast, Apple’s display-integrated smart glasses might be ready by 2027. There is currently little information available on the two. Before an official announcement is made, we may anticipate learning more about the devices in the near future through leaks and rumours.

    Whether Apple can ultimately grasp AI-driven features is the most important question. It is forced to take on that challenge because there is so much at stake. Apple may ultimately opt to produce the Vision Air. However, for the time being, Apple’s choice to concentrate on smart glasses makes sense. The success of Meta’s smart glasses is not the only reason it has helped pave the way. Additionally, Meta has struggled to offer mixed reality headsets at a significantly cheaper cost than Apple’s Vision Pro.

    Quick Shots

    •Apple has reportedly shelved its Vision Air project
    to focus on developing new Smart Glasses.

    •The Smart Glasses will come in two variants — one
    with a display and one without a display.

    •The no-display version will link with the iPhone
    and feature voice, camera, AI, and Siri integration.

    •The display model may support visionOS, augmented
    visuals, and Mac connectivity.

  • Google Chrome to Auto-Mute Notifications from Ignored Websites on Android and Desktop

    According to several reports, Google is launching a new feature in its Chrome browser for desktop and Android users that will automatically disable notifications from websites that users often ignore. Building on Chrome’s already-existing Safety Check function, the addition aims to enhance browsing and lessen “notification fatigue.”

    Users may currently manage sensitive rights like location tracking and camera access with Chrome’s Safety Check function, according to reports. By automatically removing permission for websites that send too many alerts with little to no interaction, the latest version expands that feature to website notifications.

    How Google Chrome New Feature will Work?

    Users can simply unsubscribe from website alerts with a single press thanks to an existing Android functionality that is mirrored by the auto-revocation feature. Web apps that are installed on the device won’t be impacted, though.

    Only websites with a high volume of alerts and little user interaction will have their notifications turned off. Google was quoted in reports as saying that the majority of pop-up warnings are ignored, with less than 1% of all web notifications in Chrome receiving any user reaction. According to reports, Google stated in its announcement that it has already begun testing this capability.

    According to test results, it significantly reduces notification overload while only slightly altering the overall number of notification clicks. Additionally, Chrome’s experiments show that websites with fewer notifications are actually receiving more clicks.

    Chrome Users Can Remove Auto-Revocation Feature Completely

    Chrome users still have the option to completely disable the auto-revocation feature. By going back to certain websites or changing permissions via Chrome’s Safety Check option, they can also allow notifications from those websites again. The feature is anticipated to be available to all users in a future browser update, though Google has not yet specified a precise rollout date.

    The two most important factors for many consumers weighing Chrome against the competition will be which browser best protects their privacy and any new AI browsing enhancements, such as Chrome’s Gemini. For Chrome users, the news is less favourable on that front.

    As the most popular browser in the world evolves, users will need to quickly become accustomed to a new level of tracking brought about by Google’s extremely unquiet Gemini update in Chrome.

    Quick Shots

    •Google Chrome introduces
    auto-mute notifications for websites frequently ignored by users on Android
    and desktop.

    •Expands Chrome’s existing
    feature that manages sensitive permissions like location and camera.

    •Websites sending too many
    alerts with low interaction will have notifications automatically disabled.

    •Users can unsubscribe from
    notifications with a single click or disable the auto-revocation feature
    entirely.

    •Reduces notification overload
    while maintaining click-through rates; fewer notifications lead to more
    engagement.

    •Installed apps will continue
    sending alerts as usual.

  • PM Modi, Qualcomm CEO Discuss India’s Advances in AI, Innovation, and Tech Skilling

    The President and CEO of Qualcomm, Cristiano R. Amon, met with Prime Minister Narendra Modi on 11 October to talk about India’s progress in artificial intelligence, innovation, and skill development.

    The Prime Minister conveyed gratitude for Qualcomm’s dedication to India’s AI and Semiconductor Missions. India has unparalleled talent and scale to develop innovations that will influence our shared destiny, he said.

    Amon Thanked PM Modi for His Continuous Efforts in AI

    Cristiano Amon expressed gratitude to the Prime Minister for the insightful conversation about bolstering Qualcomm’s collaboration with India in support of the IndiaAI and India Semiconductor Missions, as well as the 6G transition. He emphasised how India might become a hub for AI smartphones, PCs, smart eyewear, the automotive and industrial sectors, and more.

    “Talking about India’s advancements in AI, innovation, and skilling during our discussion with Mr Cristiano R. Amon was fantastic. It’s encouraging to see Qualcomm’s dedication to India’s AI and semiconductor initiatives,” PM said. He further explained in a post on X, stating, “India offers unparalleled talent and scale to build technologies that will shape our collective future.”

    Amon Responded PM Modi’s Post

    Cristiano Amon responded to PM Modi’s post by saying that the prospects for creating an Indian ecosystem in domains like AI cellphones, PCs, and smart eyewear are encouraging. “Thank you, Prime Minister @narendramodi, for the excellent discussion on expanding the collaboration between India and @Qualcomm to assist the IndiaAI and India Semiconductor Missions and the 6G transition.

    The prospects for creating an Indian ecosystem including AI smartphones, PCs, smart eyewear, automobiles, industries, and more inspire us,” the CEO of Qualcomm stated. Walter Russell Mead, a distinguished fellow at the Hudson Institute, an American think tank, led a visiting US team of business leaders and thinkers that Prime Minister Narendra Modi met with earlier this week.

    Following the meeting, Prime Minister Modi expressed his gratitude for their role in “strengthening India-US ties and advancing our partnership for global peace, progress, and prosperity.”

    Quick Shots

    •PM Modi meets Qualcomm CEO Cristiano Amon on 11
    October to discuss India’s AI, innovation, and skill development initiatives.

    •Talks focused on bolstering Qualcomm’s
    collaboration in these strategic programs.

    •Discussion included India’s roadmap for
    next-generation telecommunications.

    •Qualcomm sees potential for AI smartphones, PCs,
    smart eyewear, automotive, and industrial applications.

    •Highlighted India’s talent and scale to drive
    innovation that shapes the global future.

    •Emphasized the prospects for building a robust
    Indian ecosystem across AI and tech sectors.