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EquityPandit

EquityPandit
TECHNOLOGY

Electronics Production in India to Reach $300 Billion by 2026, ICEA

Electronics production in the country is expected to reach $300 billion by 2026, industry body India Cellular and Electronics Association (ICEA) said in a statement. The National Policy on Electronics (NPE) 2019 had set a target of getting a turnover of $400 billion by 2025. But, the industry will not be able to achieve the target due to the Covid-19 pandemic. “The NPE 2019 targets for electronics production in the year 2025-26 at $300 billion is more realistic considering the Covid-19 disruption pandemic in the last 18 months, which has been supported with the new variants of the Covid-19 virus,” the ICEA said.


The ICEA Chairman Pankaj Mohindroo, while sharing the details of the report, said that the lessen target still aims for a 400 per cent rise from the current level, which will need significant and influential policy initiatives and efforts to create a conducive electronics manufacturing ecosystem. “If India can achieve the manufacturing target of $300 billion for electronics, the local market demand can be met in full by such manufacturing. This clarifies that $120 billion worth of electronic products will be needed to be exported to the global market,” the report added.

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TECHNOLOGY

Google Launches Gemini 2.5 Pro with Enhanced Reasoning Capabilities

Dhruva Kulkarni

Google introduced its generative AI assistant, Bard, in early 2023, later renaming it Gemini. Over time, Gemini has been integrated into services like Gmail and Google Workspace to enhance productivity.

The AI can process text, images, and videos, generating responses, photos, and even videos from text prompts.

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Google DeepMind has unveiled Gemini 2.5 Pro, its most advanced AI model, featuring improved reasoning for better accuracy and performance.

The model leads the LMArena leaderboard and can solve complex math problems, write advanced code, and even generate a video game from a single-line prompt.

Gemini 2.5 Pro is available on Google AI Studio, and the Gemini app is available for Gemini Advanced users, with plans to roll it out on Vertex AI soon.

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TECHNOLOGY

OpenAI Enhances GPT-4o with Advanced Image Generation Features

Dhruva Kulkarni

OpenAI has unveiled an advanced AI image generator within GPT-4o, enhancing text rendering, prompt accuracy, and interactive visual refinements.

It competes with Midjourney, Stable Diffusion, and Adobe Firefly, offering structured text, symbols, and diagrams for clearer communication.

A key feature is multi-turn generation, allowing users to refine images through conversation—ideal for branding and character design.

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The model can now depict 10-20 objects in a scene, surpassing previous limits, and supports in-context learning with reference images.

OpenAI embeds C2PA metadata to ensure transparency and enforces strict content policies, blocking explicit or deepfake content.

The feature is rolling out to ChatGPT Plus, Pro, Team, and Free users, with Enterprise, education, and API support coming soon.

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TECHNOLOGY

Swiggy Instamart Introduces 10-Minute Smartphone Delivery in 10 Cities

Dhruva Kulkarni

Swiggy Instamart is taking quick commerce to the next level with 10-minute smartphone delivery! Now, in 10 cities, customers can get top brands like Apple, Samsung, OnePlus, and Redmi delivered right to their doorstep.

The cities that are part of this service are Bengaluru, Delhi, Mumbai, Chennai, Faridabad, Noida, Gurugram, Kolkata, Hyderabad, and Pune, which offer ultra-fast smartphone deliveries and redefine convenience for buyers.

The launch includes a variety of smartphones, from budget-friendly models like the Redmi 14C to premium devices such as the iPhone 16e. Other brands available include Motorola, OPPO, Vivo, and Realme.

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Customers using ICICI Bank credit cards can avail a 5% discount, up to Rs 4,000, on orders above Rs 11,499 in the mobile phone category.

Swiggy Instamart has expanded to 100 cities, adding 32 new locations in 2025, as part of its rapid growth in quick commerce.

By extending its services beyond groceries and essentials, the platform aims to make smartphone purchases faster and more convenient than ever.

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TECHNOLOGY

Perplexity in Early Funding Talks at $18 Billion Valuation

Dhruva Kulkarni

Perplexity AI Inc., an AI-powered search startup competing with Google, is in early talks to raise $500 million to $1 billion at an $18 billion valuation, though details may change.

The startup previously received funding offers at a $15 billion valuation but has not commented on the latest round.

Founded in 2022, Perplexity rapidly grew its valuation from $1 billion to $3 billion and now seeks another major increase.

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It offers AI-powered search tools, internal file searches for organizations, and finance-related features like stock price lookups.

With nearly $100 million in annual recurring revenue and 15 million active users as of last March, Perplexity is expanding its market presence.

Facing competition from Google and OpenAI’s new search product, it is backed by SoftBank, Nvidia, and Jeff Bezos.

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TECHNOLOGY

Google to Acquire Cloud Security Firm Wiz for $32 Billion in Record Deal

Dhruva Kulkarni

Google is set to acquire cloud security startup Wiz for $32 billion in an all-cash deal, marking its largest acquisition ever and strengthening its cloud security and AI capabilities.

Wiz’s products will remain available on rival platforms like AWS and Microsoft Azure.

Founded in 2020 under Assaf Rappaport, Wiz rapidly grew to $100 million in annual recurring revenue within 18 months.

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It specialises in cloud security tools for prevention, detection, and response, helping Google compete with Microsoft in the cybersecurity space.

In July, Wiz declined a $23 billion offer from Google, opting for an IPO and targeting $1 billion in annual revenue before later changing course.

The acquisition aligns with Google’s strategy to expand its cloud business and address rising cybersecurity challenges in the AI-driven digital era.

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