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Deloitte Expands Global AI Simulation CoE to Drive Innovation and Strategic Decision-Making

Deloitte has announced the expansion of its Global Artificial Intelligence (AI) Simulation Centre of Excellence (CoE), reinforcing its commitment to AI-driven innovation. This initiative is part of the firm’s broader $3 billion investment in Generative AI (GenAI) through FY30. The CoE, first launched in Bengaluru, India, is designed to accelerate decision-making, mitigate risks, and maximize return on investment (ROI) for clients worldwide. By leveraging real-time insights, the centre develops advanced simulations, scenario modeling, digital twins, and multi-agent systems to enhance business strategies.

As part of its growth, the Simulation CoE has been integrated into Deloitte’s existing Experience Centres, providing clients with immersive, hands-on experiences. This integration allows businesses to explore various strategic scenarios in a controlled, data-driven environment. The CoE also complements Deloitte’s Global GenAI Market Incubator by introducing advanced simulation capabilities that refine strategic planning and operational efficiencies.

India’s strategic importance in AI innovation was highlighted by Rohit Berry, President, Strategy, Risk & Transactions, Deloitte South Asia. He emphasized that India’s skilled workforce, cost efficiency, and advanced engineering capabilities position it as a global AI hub. He further noted that the government’s focus on “Making AI in India and Making AI Work for India” aligns with the CoE’s role in fostering digital economic growth, investment, and job creation.

Nicolai Andersen, Deloitte Global Strategy, Risk & Transactions leader, underscored the transformative impact of the CoE on business strategy. He stated that by integrating GenAI with data analytics, the CoE will enable organizations to make informed decisions based on actionable insights rather than traditional predictive models. This advancement will support enterprises in optimizing their operations and accelerating their digital transformation journeys.

The Simulation CoE focuses on four key areas of AI-driven simulations. Physical simulations optimize AI-driven automation, robotics training, and infrastructure enhancements, with applications in warehouse automation, logistics, and supply chains. Process simulations use AI modeling to streamline enterprise operations, automate decision-making, and improve business resilience, as demonstrated by Deloitte’s proprietary Converge™ solution, which enhances demand forecasting. People simulations analyze workforce trends, human–machine interactions, and talent planning to boost productivity and prepare businesses for a GenAI-enabled future. Strategic options simulations assess the ROI of various business strategies, including AI-driven molecular optimization in drug discovery through Deloitte’s Quartz Atlas AITM solution.

The establishment of the CoE is a crucial component of Deloitte’s broader global innovation strategy. By leveraging its multidisciplinary talent pool and strategic partnerships, Deloitte is developing enterprise simulations tailored to industry-specific challenges. Recent collaborations in the power and utilities sector have resulted in AI-powered solutions for real-time monitoring, preventive maintenance, and hazard detection.

Through this expansion, Deloitte aims to equip businesses with cutting-edge AI-driven insights, empowering them to navigate complex challenges with precision and confidence. The CoE is set to play a pivotal role in shaping the future of AI applications across industries, reinforcing Deloitte’s leadership in AI-powered transformation.

Zscaler Report Warns of Expanding Cyber Threats Amid AI Adoption Boom

Cybersecurity firm Zscaler has highlighted the rapid adoption of artificial intelligence (AI) across enterprises and small businesses in its newly released 2025 AI Security Report. While AI is being leveraged to enhance efficiency, decision-making, and customer service, researchers at ThreatLabz, Zscaler’s security unit, warn that it is also broadening the cyber threat landscape.

The report reveals a staggering 3,000% increase in AI and machine learning tool usage in 2024, underscoring both the benefits and security challenges of this surge. “AI adoption introduces serious risks, from unsanctioned usage—referred to as ‘shadow AI’—to data exposure,” the researchers noted. More concerningly, cybercriminals are weaponizing AI, using it to amplify attacks with unprecedented speed and ease.

 The Role of AI in Cybersecurity 

Despite the risks, AI is also proving to be a critical line of defense against cyber threats. Organizations are increasingly integrating AI into security operations, utilizing it to detect, analyze, and counteract attacks in real-time.

Zscaler’s Chief Security Officer, Deepen Desai, emphasized the need for a zero-trust security model, which requires strict verification of all users and devices before granting access. Managed security service providers (MSSPs) and managed service providers (MSPs) will play a key role in helping companies transition to this model, offering support for network simplification and cybersecurity enhancements.

 ChatGPT Tops AI Usage and Blocking Lists 

Analyzing 536.5 billion transactions between February and December 2024, ThreatLabz found that OpenAI’s ChatGPT was the most widely used AI application—accounting for 45.2% of observed AI-related transactions. However, it was also the most frequently blocked AI tool, alongside Grammarly and Microsoft Copilot, due to concerns over data security and compliance risks.

Organizations transmitted 3,624 TB of data to AI tools, heightening worries about data privacy and unauthorized data retention. Desai pointed out that some AI providers retain user inputs for training or share data with third parties, raising compliance concerns under regulations like GDPR.

The report also sheds light on how cybercriminals are exploiting AI for phishing, deepfakes, and automated attack campaigns. Open-source AI models, such as DeepSeek, present both opportunities and risks—empowering businesses while also enabling malicious actors to scale their operations.

Looking ahead to 2025, Zscaler predicts that agentic AI—systems capable of operating autonomously, making decisions, and adapting behaviors—will present new cybersecurity challenges. The rise of reasoning AI, which enables software to draw conclusions independently, could further complicate cyber defense strategies.

“The growing autonomy of AI systems will pose significant security challenges, not just for enterprises adopting AI but also as attackers use these technologies,” ThreatLabz researchers concluded.

As AI continues to evolve, businesses must prioritize robust cybersecurity strategies to navigate both its transformative potential and its risks in an increasingly AI-driven world.

Bharti Airtel Appoints Siddharth Sharma as CEO of Connected Homes Business and CMO

Bharti Airtel has announced the appointment of Siddharth Sharma as the Chief Executive Officer of its Connected Homes business and Chief Marketing Officer, effective April 1, 2025. The move is part of the company’s internal restructuring to bolster its leadership in the broadband and home solutions sector.

A seasoned telecom and media industry executive with over 20 years of experience, Sharma previously served as CEO of Airtel’s Direct-to-Home (DTH) business. His elevation comes as Airtel sharpens its focus on expanding its broadband and home entertainment services amid rising market competition.

Sharma first joined Airtel in 2005 and has held several leadership positions, including Senior Vice President of Marketing & Head of Postpaid Business. He also spent three years at Singtel Singapore, leading mobile marketing and analytics. In June 2019, he returned to Airtel as CEO for the Kolkata, West Bengal, and Odisha circles, driving regional growth.

An alumnus of UCLA Anderson School of Management, Sharma brings extensive experience in customer-centric industries, including previous roles at BPL Mobile and Jet Airways. His leadership is expected to be instrumental in advancing Airtel’s connected home offerings and marketing strategies, driving the company’s next phase of growth in broadband and home entertainment.

MoD Inks ₹6,900 Crore Deals with Bharat Forge, Tata Advanced for Advanced Artillery Systems

The Ministry of Defence (MoD) has signed contracts worth approximately ₹6,900 crore with Bharat Forge Limited and Tata Advanced Systems Limited for the procurement of 155mm/52 Calibre Advanced Towed Artillery Gun Systems (ATAGS) and High Mobility Vehicle 6×6 Gun Towing Vehicles, respectively.

The agreements were formalized at South Block, New Delhi, in the presence of Defence Secretary Rajesh Kumar Singh, marking a significant step in India’s defence modernization. With this signing, the MoD’s cumulative capital procurement contracts for FY 2024-25 have now reached ₹1.40 lakh crore.

During the event, the Project Director of ATAGS from DRDO’s Armament Research and Development Establishment (ARDE), Pune, was honored for his instrumental role in developing the indigenous artillery system.

The procurement of ATAGS, developed under the Defence Research and Development Organisation (DRDO), represents a major leap in the Indian Army’s artillery capabilities. Designed to replace older, lower-calibre guns, the system enhances operational readiness with superior lethality, long-range precision, and advanced firepower.

Notably, this deal marks the first large-scale procurement of towed artillery guns from the private sector, reinforcing India’s Aatmanirbhar Bharat and Make-in-India initiatives. The project is expected to boost domestic defence manufacturing, generate employment, and contribute to India’s strategic self-reliance in the defence sector.

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Chhattisgarh Invites BEML to Establish Mining Equipment Facility

In a strategic push for industrial expansion and job creation, the Department of Commerce & Industries, Government of Chhattisgarh, has invited BEML Limited to set up a state-of-the-art mining equipment manufacturing facility in the state. The proposed plant will focus on producing high-performance dump trucks, water sprinklers, and motor graders to cater to the growing demands of the mining and infrastructure sectors.

Chief Minister Vishnu Deo Sai formally extended the invitation to BEML Limited’s Chairman & Managing Director, Shantanu Roy, during the Investor Connect event in Bangalore. The official “Invitation to Invest” was presented to BEML’s Functional Directors—Director (Finance) Anil Jerath, Director (Mining & Construction and Defence) Sanjay Som, and Director (Human Resources) Debi Prasad Satpathy—in the presence of key ministers and senior officials.

Chhattisgarh has positioned itself as a prime investment hub, offering pro-business policies, abundant natural resources, and a streamlined ease-of-doing-business framework. With single-window clearances and paperless processing, the state provides a seamless ecosystem for industrial growth.

As a global leader in mining and construction equipment manufacturing, BEML is expanding its footprint to meet the surging infrastructure demands. The company is strengthening its portfolio with high-capacity motor graders, tyre handlers, and loaders to enhance efficiency in the mining sector.

Given Chhattisgarh’s vast mineral reserves and rich geological landscape, the demand for advanced, sustainable mining solutions is increasing. BEML is committed to driving innovation in productivity, safety, and environmental sustainability, aligning with India’s vision for Green and Sustainable Mining.

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IREDA Raises ₹910 Crore via Bonds to Boost Capital and Green Energy Financing

New Delhi: State-owned Indian Renewable Energy Development Agency Ltd (IREDA) announced on Tuesday that it has successfully raised ₹910.37 crore through the issuance of privately placed subordinated Tier-II bonds. The bonds, issued for a 10-year tenure, carry an annual coupon rate of 7.74%.

The funds raised will strengthen IREDA’s Tier-II capital, enhancing its net worth and improving its capital-to-risk-weighted assets ratio (CRAR), the company stated.

IREDA Chairman and Managing Director (CMD) Pradip Kumar Das highlighted that the successful capital infusion reflects investors’ confidence in the company’s financial stability and strategic vision. “This will further empower us to accelerate green energy financing, aligning with the Government of India’s target of achieving 500 GW of non-fossil fuel-based energy capacity by 2030,” Das said.

IREDA, a non-banking financial institution under the Ministry of New and Renewable Energy, plays a crucial role in funding renewable energy projects across the country.

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Government Strengthens Startup Ecosystem with Key Initiatives and Funding Support

The Indian government continues to bolster the country’s startup ecosystem through its flagship Startup India initiative, launched on January 16, 2016, to drive innovation, entrepreneurship, and investment.

A key component of this initiative is the Startup India Seed Fund Scheme (SISFS), which provides financial assistance to startups via incubators for proof of concept, prototype development, product trials, market entry, and commercialization. The Experts Advisory Committee (EAC) is responsible for evaluating and selecting incubators to receive funding. Since its implementation on April 1, 2021, the scheme has selected 217 incubators with an approved funding of ₹916.91 crore as of January 31, 2025.

The government is also committed to fostering inclusive growth, ensuring that startups from disadvantaged backgrounds, rural, and tribal communities receive necessary support. Various flagship programs, including the Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS), and Credit Guarantee Scheme for Startups (CGSS), provide assistance at different stages of a startup’s lifecycle.

In addition, periodic initiatives such as States’ Startup Ranking, National Startup Awards, and Innovation Week contribute to the ecosystem’s development. Platforms like Startup Mahakumbh offer networking and collaboration opportunities, while digital tools like the Startup India portal and BHASKAR enhance accessibility to resources. The government is also encouraging corporates to support startups through mentorship, infrastructure access, resource sharing, market linkages, and investor connections.

The efforts are further complemented by regulatory reforms, ecosystem-building programs, and improved market access policies, ensuring that startups can scale effectively.

The information was shared by Minister of State for Commerce & Industry, Shri Jitin Prasada, in a written response in the Lok Sabha today.

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200+ Leaders Drive Climate Tech Innovation at Mosambi Climate Conference, ObserveNow Joins as B2B Media Partner.

The Mosambi Climate Conference (MC2), an exclusive forum for leading climate tech enablers, sought to drive innovation in climate mitigation and adaptation solutions across India and the Global South. Organized by the Climate Collective Foundation, MC2 was held on March 20-21, 2025, at the Sheraton, Saket, New Delhi. The event convened over 200 prominent figures from investment firms, development institutions, corporations, government agencies, and foundations, along with startup founders, to enhance the climate tech startup ecosystem in the region.

Inaugurating the MC2 event Nalin Agarwal, Founding Partner, Climate Collective said, “The climate crisis requires collective action. No single entity can solve it alone. We must break down silos and avoid duplicating efforts; instead, drive concrete actions toward clear outcomes. By strengthening South-South cooperation and creating conditions for a robust climate tech startup ecosystem, we can rapidly scale innovation and climate impact across the Global South.”

The conference commenced with an impactful keynote by Mr. Saurabh Kumar, Vice President – India at GEAPP, highlighting the critical need for power grid transformation. A trailblazer in clean technology—having led the UJALA scheme at EESL—Mr. Kumar outlined his vision for a digitized grid powered by digital public infrastructure (DPI) principles, aimed at enhancing grid modernization and resilience.

Later on Day 1, Mr. Uday Khemka, Vice Chairman at SUN Group and Managing Trustee at the Nand & Jeet Khemka Foundation, delivered an inspiring keynote, drawing on his three decades of advocacy for climate action. He shared insights on how AI can accelerate climate tech advancements and introduced his latest initiative, the Green AI for Learning (GRAIL) network, designed to unite AI and climate experts in advancing ClimateAI solutions.

Day 2 featured a visionary address by Mirik Gogri, Principal at Spectrum Impact, who reflected on his personal journey and commitment to tackling the climate crisis. He emphasized the power of collaboration driven by transparency, advocating for dynamically aligned interests among partners in multi-stakeholder coalitions.

Pratap Raju, Founding Partner, Climate Collective, added, “We’ve seen an explosion of innovative solutions, but deploying and scaling them is crucial. The startup process is difficult, requiring collaboration and support in areas like capacity training, fundraising, and policy research. The Mosambi Conference brings together stakeholders and enablers to facilitate collaboration and collective action. By connecting with each other, we can better address the climate crisis, particularly in the Global South.”

Panels and Discussions: Unpacking Critical Themes

MC2 hosted a series of insightful panels that delved into diverse yet interconnected topics:

  • Can AI Save the Planet? Digging Deeper into the Potential of AI Technologies

This session explored how Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing climate mitigation and adaptation efforts. Speakers like Ruchira Shukla, Co-Founder & Managing Partner at Synapses, and Sundeep Reddy Mallu, Co-Founder & CRO at Resilience AI, highlighted real-world applications of AI in sectors ranging from agriculture to disaster management.

  • Why Gender Equity Matters in Climate Tech—and How to Make It Happen

This panel brought together voices like Alexandra Khripko, Ecosystem Partnerships Manager at Third Derivative (RMI), and Sonal Shukla, Co-founder at econscious, to discuss frameworks for embedding gender equity in scaling climate solutions.

  • India’s Potential in Deep Climate Tech: Where Do We Have the Edge?

Featuring speakers from IIT Madras Research Park, Third Derivative and Ankur Capital, this session identified areas where Indian startups have natural advantages, such as robust talent pools and market opportunities.

  • Launch of the South-South Collective for the Climate (S2C2)

One of the highlights of MC2 was the launch of the South-South Collective for the Climate, a curated network of Enterprise Support Organizations (ESOs) fostering cross-border collaboration. Key contributors included leaders from Youthinkgreen Egypt, CleantechHUB Foundation, Climate Ventures, New Energy Nexus Vietnam, Emerging Technologies, Indian Ocean Islands Foundation, Kenya Climate Innovation Center and Climate Collective. They emphasized the collective’s role in streamlining research, fundraising, and knowledge-sharing efforts.

The event also featured roundtables designed to bring together leaders from leading organizations to anchor and guide discussions on topics of strategic importance. These diverse stakeholders discussed domain-specific challenges, opportunities, and growth strategies. The various roundtables were anchored by industry leaders, including Chetan Krishna, Head of Research & Diligence/Principal, Third Derivative; Swapan Mehra, Founder, Iora Ecological Solutions, Circular Economy; Jasprit Kaur, Climate Change Advisor, GIZ; and Amandeep Singh, Senior Analyst, Climate Policy Initiative, and others.

Fireside Chat: Startup Pavilion at COP30

In a candid fireside chat, Kapil Narula, Senior Analyst at Climate Champions Team, and Gustavo Pinheiro, Board Member at Climate Ventures, discussed the pivotal role of startups at COP30. They outlined strategies for leveraging international platforms to scale impactful solutions and influence global policy.

Highlighting the importance of collaboration in climate action, Jui Joshi, Senior Partner, Climate Collective, said, “Effective climate action requires collaboration and an ecosystem-driven approach. Our diverse network spans global and regional organizations, philanthropic and impact investment entities, multilateral institutions, and academic research institutions. We believe transformative climate solutions emerge when knowledge is shared, and innovation is democratized.”

MC2 provided actionable insights and key announcements to drive climate innovation. Strengthening local ecosystems is crucial to empowering innovators in the Global South, where fragmented networks and funding challenges persist. Policy reforms must modernize grids to integrate decentralized energy and renewable technologies. Innovative financing, such as blended finance and green bonds, can unlock capital for climate tech startups. Technology, including AI-powered risk management and blockchain-based carbon tracking, is emerging as a game-changer in tackling climate challenges.

Women entrepreneurs are pivotal in climate innovation but face systemic barriers, requiring targeted support and mentorship. India, with its strong talent pool and startup ecosystem, is poised to lead in deep climate tech sectors like renewable energy, carbon capture, and green hydrogen. The launch of S2C2 reinforced South-South cooperation for scalable solutions, while startups were encouraged to engage policymakers and leverage global platforms like COP30.

The event featured partnerships with Capital-A, Waterfield, Prime, and Third Derivative, alongside knowledge partners like GEAPP, Environmental Defence Fund, and SED Fund. Media partners included The Statesman, Jagran, The CSR Universe, ObserveNow, and TICE. Looking ahead, follow-up initiatives such as region-wide convenings and Climate Startup Week will sustain momentum, with MC2 set to return in 2026. By fostering deep conversations and diverse perspectives, MC2 has set a strong precedent for future collaboration.

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PSU Leaders Explore AI-Driven Governance in Exclusive Session by ObserveNow & Google Cloud

ObserveNow Media in collaboration with Google Cloud organized an exclusive roundtable discussion themed “Gen AI for PSUs: Driving Competitive Edge in Citizen Services” that brought together key PSU leaders to explore the transformative impact of Generative AI (Gen AI) on public sector efficiency. Held at EROS, New Delhi, on March 20, 2025, the session featured over 12 PSU decision-makers and industry experts in a dynamic 1.5-hour conversation on AI-driven governance, digital transformation, and citizen service enhancement.

The discussion revolved around how PSUs can leverage AI to optimize resource allocation, enhance accessibility, and support policy development. Google Cloud’s contributions were a focal point, highlighting its cutting-edge AI capabilities, including real-time data analytics, AI-powered translation, scalable cloud infrastructure, and robust security features. Panelists underscored the importance of AI adoption in enabling personalized citizen services, reducing response times, and improving overall governance efficiency.

Key takeaways from the session included the necessity of AI-compatible infrastructure for seamless integration, the role of structured workforce training in maximizing AI benefits, and the critical need for strong security measures to safeguard public data. The discussion also emphasized how AI-driven predictive analytics could aid PSUs in effective resource management, particularly in areas like disaster preparedness and social welfare programs. Despite challenges such as infrastructure limitations and workforce adaptation, panelists agreed that clear, well-defined strategies would facilitate a smoother transition into AI-powered governance.

The event saw participation from distinguished PSU leaders, including:

  • Nagender Singh Yadav, Joint Director – Systems, Hindustan Petroleum Corporation Ltd.
  • Dr. Prashant Atreya, Executive Director – IT, NHPC Ltd.
  • A.K. Patel, Chief Information Security Officer (CISO), NTPC Ltd.
  • Anwaya Bilas Sengupta, Alternate CISO & Chief Manager, Grid Controller of India Ltd.
  • Saikat Bhowal, Group General Manager – Digital Technology Solutions, Engineers India Ltd.
  • Amit Kulshreshtha, General Manager, NTPC Ltd.
  • Sudhanshu Sharma, General Manager – ERP & IT, Indraprastha Gas Ltd.
  • Bharat Panwar, Additional General Manager – IT, Bharat Heavy Electricals Ltd. (BHEL)
  • Kuldeep Khokhar, Deputy General Manager, Power Finance Corporation Ltd.
  • Ankur Konwar, Deputy General Manager, Indian Oil Corporation Ltd.
  • Atul Kohli, General Manager – IT, NTPC Ltd.
  • Sanket Kumar Jain, Senior Manager – IT, Indian Renewable Energy Development Agency Ltd. (IREDA)

Their insights provided valuable perspectives on the future of AI-driven governance, reinforcing the need for collaboration between technology providers and public sector entities.

Nagender Singh Yadav highlighted, “AI has the potential to revolutionize how PSUs deliver citizen services, making them more efficient, responsive, and data-driven. The challenge lies in ensuring seamless adoption and workforce readiness.”

Dr. Prashant Atreya added, “With AI-driven predictive analytics, we can allocate resources more effectively and improve our decision-making processes, ultimately leading to better governance and service delivery.”

A.K. Patel emphasized, “Security remains a critical concern. While AI enhances efficiency, we must simultaneously strengthen our cybersecurity frameworks to protect sensitive citizen data.”

Saikat Bhowal noted, “Collaboration between technology providers like Google Cloud and PSUs is crucial. By leveraging AI’s capabilities, we can drive innovation and improve public services at scale.”

The roundtable was not merely a discussion but an action-oriented initiative aimed at shaping the future of citizen services through AI-driven solutions. Google Cloud played a pivotal role in bringing together thought leaders, structuring an impactful agenda, and fostering actionable outcomes to address key challenges in AI adoption. This session underscored how AI and cloud technology are redefining public service delivery, setting new benchmarks for efficiency, and driving the next wave of digital transformation in governance.

ObserveNow continues to serve as a vital platform for industry collaboration, facilitating discussions that bridge the gap between technology and policy. Through its exclusive roundtables, conferences, and panel discussions, ObserveNow remains committed to fostering innovation and knowledge-sharing, enabling PSUs to harness AI’s full potential for enhanced citizen services and operational excellence.

PayU Acquires 43.5% Stake in Mindgate Solutions to Strengthen Real-Time Payments

In a strategic move to expand its footprint in the digital payments sector, PayU, the fintech arm of Prosus, has acquired a 43.5% stake in Mindgate Solutions, a leading provider of real-time payment technology. The deal is expected to bolster PayU’s position in India’s digital payments market while enabling Mindgate to scale its global presence. Notably, Mindgate’s founders will retain majority ownership.

The partnership comes at a time when India’s Unified Payments Interface (UPI) continues its rapid expansion, with the National Payments Corporation of India (NPCI) setting a target of processing 100 billion transactions per month by 2030.

Mindgate, which powers real-time payment infrastructure for major Indian banks, will play a crucial role in enhancing PayU’s digital payment capabilities, both in India and internationally. Anirban Mukherjee, CEO of PayU, stated that the investment aligns with the company’s strategy to scale Indian payment technologies for global markets.

“Mindgate’s expertise in real-time payments complements our mission to enhance digital transaction infrastructure for banks, merchants, and consumers worldwide,” Mukherjee said.

Mindgate processes over 8 billion transactions monthly and provides payment solutions to banks across India, the Middle East, Southeast Asia, and Europe. A key player in UPI’s development, the company has been instrumental in handling high-volume transactions and ensuring seamless digital payments.

George Sam, Co-founder of Mindgate, emphasized that the partnership will accelerate Mindgate’s global expansion and strengthen its role in developing secure and scalable payment solutions.

With PayU operating under RBI regulations in India and serving over 500,000 businesses, the acquisition aligns with its broader fintech strategy. As digital payments evolve, the PayU-Mindgate collaboration is expected to drive innovation in real-time payments, empowering banks and businesses to meet growing consumer demands.

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