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DBS REPORT AI FINANCIAL HUBS
BigBasket founder's exit; Pocket FM’s reverse flipAmazon veteran Amit Nanda, currently director of selling partner services, now takes over as CEO.- Stocks in news: Prime Focus, Groww, GIC RE, Wipro, NykaaIndian benchmark indices traded with a positive bias, with the Nifty consolidating near the 24,000 mark and closing near its day's high. Se...
- For Sarvams to scale, tap global capitalIndia's generative AI landscape is thriving, yet it seeks greater global financial backing. While local startups are making strides in fund...
- Can Elon Musk's xAI challenge Anthropic after SpaceX's $60 billion Cursor AI acquisition from Anysphere?SpaceX has agreed to acquire Cursor AI parent Anysphere for $60 billion in an all-stock deal, days after SpaceX's blockbuster Nasdaq debut....
- Inside KPMG's AI report scandal: False claims, bogus case studies and hallucinated success storiesKPMG has retracted a global report after major organizations like UBS and the NHS denied claims of using AI for operational transformations...
- OpenAI spending hit $34 billion last year ahead of planned IPO: ReportAudited financial figures show the ChatGPT maker spent about $19 billion on research and development in 2025 and nearly $6 billion on sal...
- Hyderabad-based Pulsus to invest Rs 500 crore in Telangana AI healthcare hub, targets 6,000 jobsPulsus Group will invest Rs 500 crore to expand its AI healthcare and digital innovation hub in Telangana, creating 6,000 direct and 30,000...
- Adani, Jabil announce plans for AI data centre in IndiaAdani Group and Jabil Inc. are joining forces to build AI and data centre hardware in India. This partnership aims to create a large-scale ...
- Adani, Jabil announce plans for AI Data Centre in IndiaThe proposed alliance will combine Jabil's engineering and advanced manufacturing capabilities with Adani Group's infrastructure, green ene...
- India, Italy can expand cooperation in Africa through AI Hub and development initiatives: Ambassador BartoliIndia and Italy are set to boost their collaboration in Africa. An AI Hub for Sustainable Development is planned, alongside initiatives in ...
- Compliance complexity is the defining challenge amid tariff uncertainties: Maersk Asia Pacific surveyVietnam, Thailand, and India emerge as key multi-country hubs. AI adoption is high, but integration with compliance platforms is crucial fo...
- US cybersecurity firm N-able opens India GCC, plans 50% local workforce expansion by end-2026N-able Inc, a US cybersecurity firm, will grow its Indian team by over 50 percent by 2026. The company opened a Global Capability Center in...
- India's Electronics Mart eyes new markets as tech hubs fear job lossesElectronics Mart India is diversifying its store presence beyond Hyderabad due to concerns about potential AI-driven job losses impacting c...
- DBS optimistic about India’s long-term structural growth: Chief says country must invest in talent; focus on wealth spaceDBS Bank's CEO views India as a significant long-term growth opportunity. The nation can benefit from the AI-driven demand for hardware. Ho...
- Meta-Reliance AI hub; SAP CEO on India's AI edgeMeta has tapped Reliance for India AI data centre. This and more in today's ETtech Top 5.
- Global watchdog calls for tighter controls on agentic AI in financeThe Financial Stability Board (FSB) in a report on Wednesday "strongly" encouraged boards to consider implementing safeguards to mitigate r...
- IIT Hyderabad launches AI hub with JICA to boost Indo–Japan AI collaborationThe AI Innovation Hub at IIT Hyderabad, with JICA and Japanese partners, strengthens Indo–Japan AI collaboration by focusing on practical s...
- China prepares $295 billion plan to fund nationwide AI buildout: ReportNational Development and Reform Commission is among key government agencies drafting a blueprint to build a network of inter-connected co...
- Talent fight heats up in India finance hub as two chiefs quitGIFT City, India's international finance hub, is experiencing intense competition for talent as two foreign bank chiefs have recently resig...
- Singapore urges financial firms to use AI to create better jobsSingapore's Deputy Prime Minister Gan Kim Yong is encouraging banks and financial companies to leverage artificial intelligence. The focus ...
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