Tag: Budget 2026

TeraNova DC Targets 2 GW of AI-Ready Data Centres in India by 2032

Singapore-based Hillhouse Investments has launched TeraNova DC, a dedicated data-centre platform that plans to invest $12 billion to $15 billion in India by 2032. With a target of more than 2 gigawatts (GW) of capacity, the platform is set to become one of the largest announced data-centre programmes in the country. TeraNova DC will focus on hyperscale and AI-ready infrastructure. Its proposed locations are Maharashtra,...

Tech Mahindra’s Profit Rises 23.2% as Almost Every Large Deal Now Includes AI

Tech Mahindra’s profit after tax (PAT) rose 23.2% year on year to $166 million in the second quarter of FY27. The company won $1.023 billion in new deals in the quarter, up 25.4% from a year earlier. Deal wins over the past 12 months rose 34.8% from the same period a year before. On the earnings call, CEO and Managing Director Mohit Joshi said...
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Budget 2026: ₹10,000 Crore Startup Fund of Funds, Deep Tech Pool

Budget 2026 has provided a fresh ₹10,000 crore allocation to the Fund of Funds for Startups (FoF), to be deployed through SEBI-registered Alternative Investment...

Budget 2026 Allocates ₹73,990 Crore for Telecom, Introduces Risk Guarantee Fund

The Union Budget 2026 has allocated ₹73,990 crore to the telecom sector, with funding directed towards rural broadband under BharatNet and network modernisation of...

Budget 2026: 6G Gets First Explicit Incentive Framework

The Union Budget 2026 has introduced a 6G Innovation-Linked Incentive (ILI) framework, marking the first explicit government move towards commercialisation of sixth-generation wireless technologies....

Budget 2026: Data Protection Board Gets ₹10 Crore, DPDP Enforcement Begins May 2026

The Union Budget 2026 has allocated ₹10 crore to the Data Protection Board of India (DPB), a five-fold increase from ₹2 crore in FY25–26....

Budget 2026: National GCC Framework Moves Beyond Bangalore to Tier-II/III Tech Hubs

The Union Budget 2026 has signalled the operational rollout of the National Global Capability Centre (GCC) Guidance Framework, which was announced in Budget 2025...

Budget 2026 Doubles ECMS Outlay to ₹40,000 Crore, Signals Component Manufacturing Boom

The Union Budget 2026 has increased the allocation for the Electronics Components Manufacturing Scheme (ECMS) to ₹40,000 crore, up from ₹22,919 crore, marking a...

Budget 2026 Launches India Semiconductor Mission 2.0 with ₹1,000 Crore Allocation

The Union Budget 2026 has announced India Semiconductor Mission (ISM) 2.0 with an allocation of ₹1,000 crore for FY27. The new phase builds on...

Budget 2026:  National Quantum Mission Gets 50% Funding Boost to ₹900 Crore

The Union Budget 2026 has increased the allocation for India’s National Quantum Mission to ₹900 crore, up from ₹600 crore in Budget 2025, marking...

Budget 2026: Cloud Tax Holiday Extended to 2047; IT Safe Harbour Threshold Rises 10x

The Union Budget 2026 has extended a 21-year tax holiday, valid until 2047, for foreign cloud service providers that use Indian data centres to...

IndiaAI Mission Allocated ₹1,000 Crore in Budget 2026

The Union Budget 2026 has allocated ₹1,000 crore to the IndiaAI Mission, lower than the ₹2,000 crore provided in the previous year. Actual expenditure...

Logistics Council Seeks 40% AI Skilling Hike for Job Surge

India added 8.7 lakh jobs in Q2 2026 per the Economic Survey, pushing total employment to 56.2 crore amid rising labour force participation. The...