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After the roundtable meeting of prominent tech companies CEOs with PM Narendra Modi, Nvidia CEO Jensen Huang said, "I have enjoyed so many meetings with Prime Minister. He is such an incredible student and every time I see him, he wants to learn about technology, Artificial Intelligence, the potential and opportunity for India, the impact on Indian society & industry...India is also home of some of the world's greatest computer scientists. So, this is great opportunity." "Artificial Intelligence is also a new industry, a new manufacturing industry that is very important. So, I am looking forward to partnering with India in a very deep way to make that possible...This is India's moment, you have to seize the opportunity," Huang added. #nvidia #narendramodi #ai #technology #student #ceo #indianstartupnews

Satya Nadella-led tech giant Microsoft has acquired a 16.4-acre land parcel for Rs 520 crore in Pune’s Hinjewadi area, marking its second major land purchase in the city following the acquisition of a 25-acre plot in the Pimpri-Chinchwad area for Rs 328 crore two years ago. The purchase is part of Microsoft's continued investment in developing large data centres in major Indian cities. With the latest transaction, the US-based company has invested a total of Rs 848 crore in Pune for land acquisitions. The deal, registered in August 2024 with Indo Global Infotech City LLP, incurred a stamp duty of Rs 31.18 crore and was officially recorded on September 6. Earlier this year, Microsoft also secured 48 acres of land in Hyderabad for Rs 267 crore. According to Square Yards, a proptech platform, these acquisitions in Pune and Hyderabad are integral to Microsoft's strategic expansion in India, particularly to enhance its data centre operations. Read the full story here: 👇 https://lnkd.in/dAFMxU7z #pune #microsoft #land #realestate #Hinjewadi #datacenter #indianstartupnews

A 26-year-old man, Mohammad Nadeem, set fire to an Ola Electric showroom in Kalaburagi, North Karnataka, on September 10, following frustrations over unresolved issues with his electric scooter. According to media reports, the scooter was just two weeks old and had recurring problems that the showroom staff failed to address, despite Nadeem’s repeated visits. Following a heated argument with the staff, Nadeem, who is a mechanic by profession, bought petrol and set the showroom on fire, which later resulted in his arrest. "The (servicing) response was not good, he went multiple times. Yesterday (Tuesday), when he went, he carried petrol and set fire to six bikes," said the Kalaburagi police commissioner. Fortunately, no casualties were reported, but six scooters were destroyed in the fire, causing an estimated Rs 850,000 in damages. Ola Electric has yet to comment on the incident. #olaelectric #karnataka #customer #service #fire #ola #police #indianstartupnews

Aakash Educational Services has filed a claim of Rs 1,404 crore (approximately $167 million) against its parent company Byju's, YourStory reported, citing a document from the Insolvency and Bankruptcy Board of India (IBBI). The report lists Aakash Educational Services Limited (AESL) as an "unsecured financial creditor." In addition to Aakash, the embattled edtech firm also owes Rs 20.3 crore to InCred Financial Services and Rs 47 crore to Aditya Birla Finance. The IBBI document further notes that clarifications have been requested from Anglo Asia Limited and AESL. ----------------------------------------------- Looking to make an impact in the startup ecosystem? Visit https://lnkd.in/dkvpgxWB to see how we can work together. #byjus #aakashinstitute #company #business #startup #indianstartupnews

Finland-based telecommunications giant Nokia will establish the world’s largest fixed network testbed in Chennai, Tamil Nadu. This testbed will spearhead Nokia’s technological innovations in 10 gigabit (G), 25G, 50G, and 100G passive optical networks. The centre, which involves an investment of about Rs 450 crore by the Indian govt, will be one of Nokia’s largest research and development (R&D) laboratories. It will focus on fixed wireless access, multi-dwelling unit solutions, and access networks and home controllers. It's worth noting that Tamil Nadu Chief Minister M K Stalin is on a 17-day trip to the US to attract fresh investments. ----------------------------------------------- Looking to make an impact in the startup ecosystem? Visit https://lnkd.in/dkvpgxWB to see how we can work together #tamilnadu #mkstalin #investment #Nokia #technology #indianstartupnews