OpenAI has announced a new senior leadership position focused on managing the risks posed by rapidly advancing artificial intelligence, with compensation exceeding $500,000 per year, reflecting the growing urgency around AI safety and governance. OpenAI founder and CEO Sam Altman said the company is hiring a Head of Preparedness, a role aimed at identifying, assessing and mitigating emerging threats linked to increasingly powerful AI systems. Altman described the position as both critical and demanding, warning that the successful candidate will face intense pressure from day one. “This will be a stressful job, and you’ll jump into the deep end pretty…
Author: Adarsh Kumar
Mangaluru is rapidly emerging as a cost-efficient and strategically positioned data centre hub in India, backed by strong infrastructure, competitive operating economics, and a growing technology ecosystem, according to the Mangaluru Data Centre Feasibility Study 2025. The study was conducted by the Karnataka Digital Economy Mission (KDEM) in collaboration with the Silicon Beach Program and Deloitte India, and evaluates Mangaluru’s potential role in supporting India’s expanding digital infrastructure needs across cloud computing, artificial intelligence, and mission-critical workloads. With India’s total data centre capacity projected to reach 10–12 GW by 2030, the report positions Mangaluru as a strategic “spoke” within a…
Indian startups continued to attract investor interest, raising over $155 million across seven funding deals between December 22 and December 27, 2025, despite a relatively shorter holiday-impacted week. The funding activity spanned multiple high-growth sectors, including wealthtech, healthcare, electric vehicles (EV), aerospace, pharmaceuticals, defence technology, and lending, reflecting sustained confidence in India’s innovation ecosystem. While the overall fundraising volume moderated compared to the previous week, the diversity of sectors underscores the broad-based nature of venture capital deployment. Last week, Indian startups had raised over $358 million, making the latest tally a sequential decline but still a strong showing amid year-end…
Omnichannel home interiors and renovation platform Livspace has acquired a majority stake in Mumbai-based LED lighting solutions company Abby Lighting in a cash-and-stock transaction valued at approximately ₹204 crore, according to regulatory filings reviewed by Entrackr. As per filings with the Registrar of Companies (RoC), the transaction includes ₹173 crore in cash and ₹31 crore through a share swap. Under the share swap arrangement, Abby Lighting co-founders Sanjay Bajaj and Suresh Bajaj will receive 4,11,274 equity shares of Livspace, amounting to about 0.31 per cent stake in the company. Confirming the development, a Livspace spokesperson said the acquisition is a…
Midcap IT services firm Coforge has announced the acquisition of Silicon Valley-based artificial intelligence company Encora for $2.35 billion in an all stock transaction, marking the largest takeover by an Indian IT company in the engineering research and development (ER&D) segment. The deal is the fourth-largest ER&D acquisition globally and the second-largest acquisition ever by an Indian IT services firm, significantly strengthening Coforge’s artificial intelligence, data and cloud engineering capabilities while expanding its global delivery footprint. Coforge will acquire Encora from private equity investors Advent, Warburg Pincus, and other minority shareholders. The transaction values Encora’s equity at $1.89 billion, which…
B2B ecommerce major IndiaMART InterMESH Ltd has moved the Calcutta High Court against OpenAI, alleging that its website and supplier listings have been excluded from responses generated by ChatGPT, resulting in reputational and commercial harm. In its petition, IndiaMART claimed that the alleged exclusion has significantly reduced its visibility on the AI-powered platform at a time when users are increasingly relying on conversational AI tools to discover suppliers, products and business services. The company argued that being left out of ChatGPT responses directly impacts customer discovery and leads generation. IndiaMART has accused OpenAI of unfair discrimination, trade libel, dilution of…
State-owned Punjab National Bank (PNB) has reported a loan fraud of over ₹2,400 crore to the Reserve Bank of India (RBI) in connection with accounts linked to the erstwhile promoters of Srei Group entities, the lender disclosed in a stock exchange filing on Friday. The reported fraud comprises ₹1,241 crore related to SREI Equipment Finance and ₹1,193 crore linked to SREI Infrastructure Finance. PNB said it has fully provided for the entire outstanding exposure in both accounts, limiting any incremental impact on its balance sheet. SREI Infrastructure Finance, which entered the construction equipment financing space in 1989, underwent a change…
Quick commerce platform Zepto reported a sharp jump in scale during FY25, even as losses widened significantly, reflecting aggressive investments in expansion ahead of its planned stock market debut. According to the company’s audited financial statements, Zepto’s total sales, including other income, rose 129% year-on-year to ₹9,668.8 crore in FY25, compared with ₹4,223.9 crore in FY24. However, the company’s net loss widened to ₹3,367.3 crore, up from ₹1,214.7 crore in the previous fiscal, as competition in India’s fast-growing quick commerce market intensified. The widening losses were driven by continued spending on dark store expansion, logistics capacity, technology, and customer acquisition,…
Electric vehicle maker Ola Electric Mobility has received a major boost from the Indian government after the Ministry of Heavy Industries sanctioned incentives worth ₹366.78 crore under the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components for claims related to FY25. In a regulatory filing dated December 25, Ola Electric said the sanction order was issued in favour of its wholly owned subsidiary, Ola Electric Technologies Private Limited. The approval pertains to demand incentives linked to the company’s determined sales value for the financial year ended March 2025. The sanctioned amount will be disbursed through IFCI Limited, the…
Biopharmaceutical company PlasmaGen Biosciences has raised ₹150 crore in a fresh funding round led by ViNS Bioproducts, with participation from high-net-worth individuals (HNIs), family offices, pharmaceutical entrepreneurs, and existing investors, the company said. The latest fundraise values the Bengaluru-based company at over ₹1,500 crore and takes its total capital raised to more than ₹600 crore till date. PlasmaGen is backed by marquee investors including Eight Roads Ventures, F-Prime Capital, Fidelity’s FIL Capital Investments, UK-based Artian Investments, along with several prominent individual investors. Founded in 2010, PlasmaGen develops, manufactures and markets blood plasma-derived therapies, including albumin, immunoglobulins, anti-D products and clotting…