FE CIO Bureau
FE CIO Bureau
AI Set to Add Over $500 Billion to India’s Economy by 2030, Study Finds
Titled ‘From promise to power: How AI is redefining India’s economic future’, the study revealed that four in five business leaders believe AI investments will directly influence India’s GDP growth. At the same time, 73% expect India to emerge as a leading global AI nation by 2030.

HDFC Bank WhatsApp Banking Crosses 1 Cr Unique Monthly Active Users Mark, Transactions Surge by 20%
The platform now serves more than 4 crore registered customers, almost 40% of the Bank’s customer base. Alongside user growth, transactions have increased by 20%, demonstrating deeper engagement.

Two Out of Three Indian Websites Not Optimised for AI, GEO Discovery: Report
Most Indian websites score an average of 35% on Generative Engine Optimization (GEO) readiness - a metric that measures how effectively a brand can be discovered, cited, and recommended by AI systems such as ChatGPT, Claude, Gemini, and Perplexity.

IBM and Yotta Announce Plans to Build Agentic AI Platform for Indian Enterprises
The platform is proposed to be built using IBM watsonx Orchestrate and deployed on Yotta's Shakti Cloud, to help organisations scale AI adoption while meeting evolving requirements around data residency, security, and regulatory compliance.

Axis Bank Launch AI Driven Compliance Solutions, Improves Branch and Ops Productivity
Early outcomes indicate a significant reduction in rework and follow-ups, faster turnaround times, and improved productivity for branch and operations teams. The guided workflows are expected to improve First Time Right performance (FTR).

PhonePe Unveils AI Agent to Cut Merchant Integration Time from Weeks to Minutes
Traditionally, developers spend days navigating technical documentation and resolving complexities. With this new AI Agent, merchants can now integrate PhonePe’s payment gateway in just minutes through a conversational interface.

Granules India Designates ED Harsha Chigurupati as SMP for Transformation and IT
Harsha Chigurupati, Executive Director and Board Member of Granules India, who is responsible for Transformation & Information Technology (IT), has been designated as a Senior Management Personnel (SMP) of the company.

Flipkart, Axis Bank and PayU Introduce Biometric Authentication for Card Payments
The initiative allows users to authenticate transactions using their fingerprint or Face ID on supporting Android and iOS devices, eliminating the need for a one-time password (OTP). The service is enabled first for Axis Bank cardholders through issuer‑level biometric verification.

AI Engineering Hiring in India Surges 59.5% YoY; Agents, Prompting Emerge as Critical Skills in Mfg: LinkedIn
While Bengaluru and Hyderabad continue to anchor hiring momentum as leading metros, growth is extending beyond them into emerging cities like Vijayawada.

Axis Trustee launches Digital Platform to Enhance Client Experience
The launch of PRISM aligns closely with the SEBI’s continued focus on Ease of Doing Business (EODB), which seeks to simplify processes, improve transparency, and enable faster and more efficient market interactions.

Poonawalla Fincorp Launches Customer Service Focused Omnichannel AI Platform
Powered by multi-agent AI orchestration, it features an industry-first contextual interface with real-time insights such as customer history, loan risk flags and sentiment analysis. This enables faster resolutions, higher first-contact closure and stronger compliance.

Aditya Birla Capital Adds ‘LeadHerShip’ to InFiniTe to Drive Women Leader–Founder Collaboration
The initiative builds on ABCL’s InFiniTe programme, which follows a ‘problem-to-partner’ approach, connecting internal business challenges with external innovators.

Prestige Group Partners Autodesk to Build ‘Connected Digital Backbone’: CIO
Beyond technology deployment, this signals a structural shift in operating models—bringing consultants, contractors, and stakeholders into a digitally integrated framework designed to support scale, transparency, and long-term resilience.

One in Three API Failures Is a Security Issue, Finds Study on 1.4M Real Test Runs
These are detectable by basic automated tests. What the data shows, across 2,600 organizations, is that most teams are not running those tests. AI-native testing closes that gap systematically, by generating the edge cases that manual authoring consistently misses.

Forrester: India’s Tech Spending Expected To Grow 13.4% In 2026
Escalating tech costs, volatile hardware markets, energy supply disruptions, and sovereignty mandates will erode purchasing power in the APAC region.

FE AICONIC Summit & Awards 2026 Highlights Shift from AI Hype to Real-World Impact
The era of "AI tourism" is dead. India’s top tech minds and policymakers signaled a shift toward Agentic AI and fiscal accountability. With leaders from MeitY, Maersk and Birlasoft weighing in, the narrative has moved from experimental pilots to the "hidden costs" of legacy integration.
Meesho Launches Gen-AI powered Conversational Voice Shopping Assistant
The assistant is designed to support users across the entire shopping journey, from discovery to purchase. It understands user intent by asking relevant follow-up questions, helps surface the most relevant products and addresses decision-making barriers through contextual information.

Tata Communications Launches Self-Healing Network to Power Global Data Centre Connectivity
Tata Communications has unveiled a new software-defined connectivity platform aimed at transforming how enterprises manage global data centre networks in an increasingly AI-driven environment.

Rubrik Data Protection Helps Enterprise Customers Achieve End-to-End Cyber Resilience
One of the first unified cyber resilience platforms for Google Workspace, it provides customers with comprehensive protection across data, identity, and AI. Accelerates recovery of operations to minutes, from days; keeps original data and systems intact

SISA Becomes India’s First PCI-Recognized Lab for Mobile Payment Security Testing
SISA has become India’s first PCI-recognised laboratory authorised to conduct security evaluations under the MPoC standard, enabling testing and certification of mobile-based payment solutions such as SoftPOS and Tap-to-Phone apps amid rising adoption of smartphone-led payment acceptance.

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