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After a meeting between Microsoft CEO Satya Nadella and Prime Minister Narendra Modi, the company announced a $17.5 billion investment in India for AI development. This doubles their previous commitment and will be made over four years to support the country's ambitions. With India's youth eager to innovate and leverage the power of AI, this investment will drive widespread diffusion and also see the launch of Microsoft's largest hyperscale region in India.
Microsoft has announced a major investment of over Rs 1.58 lakh crore ($17.5 billion) in artificial intelligence (AI) development in India. This comes after CEO Satya Nadella met with Prime Minister Narendra Modi to discuss the country's potential in the field of AI. The investment will focus on building infrastructure, developing skills, and supporting sovereign data systems needed to accelerate India's efforts to become a global center for AI innovation. Microsoft's commitment aligns with India's broader push to integrate AI into various industries such as healthcare, manufacturing, and finance. Other tech giants, including Intel and Cognizant, are also looking to invest in India and boost the country's artificial intelligence ecosystem.
Following his meeting with Prime Minister Narendra Modi, Microsoft CEO Satya Nadella announced the company's largest-ever investment in Asia--US$17.5B--to support India's ambitions in the AI space. This investment will focus on developing digital infrastructure, enhancing skill development, and building sovereign AI capabilities tailored for India's needs. PM Modi welcomed this significant boost to India's technology ecosystem and hailed it as a major opportunity for the country's youth to drive innovation and build a more sustainable future. The investment is expected to strengthen India's position as a global AI hub and support large-scale adoption of AI across sectors.
JioHotstar, a leading Indian entertainment platform, has announced a massive investment of ₹4,000 crore over five years to boost South India's creative economy. The company has also established a partnership with the Tamil Nadu government, with a shared goal of accelerating the state's production and creative ecosystem. This alliance will not only create job opportunities but also introduce new formats, stories, and initiatives to nurture the next generation of storytellers. Deputy Chief Minister Udhayanidhi Stalin has also expressed his enthusiasm for the partnership, recognizing the transformative potential of art and cinema in shaping society.
The second day of the Telangana Rising Global Summit witnessed a surge of interest from domestic and international companies looking to invest in the state. Chief Minister Revanth Reddy held multiple meetings with representatives from prominent firms such as Sumadhura Group and TCCI Taiwan Group, resulting in multiple MoUs being signed. Notable attendees, including Taj GVK's Managing Director Shalini Bhupal, further cemented the commitment to fostering investment in Telangana. In related news, cement manufacturers are expected to see a boost in profitability this fiscal year due to improved realisations and steady selling prices.
Telangana Chief Minister A. Revanth Reddy is set to participate in nearly 20 high-level meetings at the Telangana Rising Global Summit. He will engage with industry leaders in sectors such as education, power, tourism, and artificial intelligence, as well as oversee the signing of MoUs with major corporations. The day will also include a virtual inauguration of Telangana Thalli statues and a meeting with Anand Mahindra to discuss investments in green mobility and rural enterprise sectors. At the summit's end, the Chief Minister will unveil the Telangana Rising Vision Document and celebrate the state's progress and innovation. Additionally, Samsung has rolled out the One UI 8.5 beta in India for Galaxy S25 users, bringing new features such as editing tools, smarter sharing, improved connectivity, and stronger security.
The Telangana government successfully attracted over Rs 2.43 lakh crore in investment commitments on the first day of the Telangana Rising Global Summit 2025. These agreements spanned various sectors such as deeptech, green energy, power, film, media, and aerospace. With these investments, Telangana aims to become a national economic powerhouse by 2047 and create high-quality jobs, world-class infrastructure, and a future where it leads India's economic journey.
IndiGo, India's largest airline, is facing a nationwide operational crisis resulting in waves of flight cancellations, chaos, and panic among passengers. With over 2,000 flights cancelled in just six days, the airline has processed over Rs 827 crore in refunds and delivered thousands of pieces of delayed baggage. However, as the airline continues to face operational disruptions, concerns are mounting over significant financial losses and potential penalties from the DGCA. Amidst growing criticism, Civil Aviation Minister K Ram Mohan Naidu is holding a review meeting to assess the situation. Moody's has also warned that the crisis is "credit negative" for IndiGo. The airline has requested more time to complete a Root Cause Analysis and has attributed the disruption to a "network reboot" undertaken on December 5.
Paramount, backed by the Ellison family, has made a direct offer of $30 per share to shareholders of Warner Bros Discovery, including its traditional television networks. This offer is $17.6 billion more in cash compared to Netflix's current deal. According to Paramount, its proposal is a "superior alternative" that provides more value, certainty, and a quicker path to completion. President Trump has also expressed concerns over Netflix's potential market dominance with the acquisition.