ARTIFICIAL INTELLIGENCE IN PAYMENTS
British Virgin Islands seeks dedicated India investment corridor
The British Virgin Islands (BVI) is seeking to deepen its role in India’s cross-border investment ecosystem by proposing a dedicated BVI-India investment corridor as Indian companies expand overseas and global investors seek access to India.
Tech layoffs 2026: More than 175,000 workers laid off as Apple, Microsoft, Oracle, Amazon, Meta, TikTok, Uber, LinkedIn as dozens of companies cut jobs amid AI boom
Tech layoffs are accelerating in 2026 as big companies such as Apple, Microsoft, Oracle, Amazon, Meta, Linkedin, TikTok, Visa and dozens of other mega companies have announced slashing of jobs. Here's why AI, restructuring, cost-cutting and changing business priorities are reshaping the technology workforce. More than 175,000 technology workers had been laid off in 2026 by the middle of the year.
AI, trust, and the future of money: With AI making payments invisible, trust becomes the new currency
Artificial intelligence will shift payments from digital to delegated commerce, enabling machines to transact for consumers. Trust and real-time controls will become essential building blocks for the financial system. AI will enhance personalized experiences and help identify fraudulent transactions effectively. Consumers will focus on payment outcomes rather than the underlying transaction rails. New guardrails will be necessary as machines increasingly interact autonomously.
Delhi man uses AI to create nude photo of a minor girl, harasses her for over 2 years, extorts Rs 1.2 lakh
A 25-year-old man allegedly used an AI-generated nude image to blackmail a Delhi woman who was a minor when the alleged harassment began. Police said he extorted around Rs 1.2 lakh from her over more than two years and later threatened her family. The accused, Ajay Dubey, was arrested in Delhi while attending a court hearing.
India's data centre footprint to touch over 101 million sq ft by 2030
India’s data centre footprint is projected to exceed 101 million sq ft and capacity 6.7 GW by 2030, driven by cloud adoption, AI, digital payments and enterprise digitisation. Anarock says $300 billion in investment commitments will support expansion, but land, reliable power, connectivity, cooling and renewable energy remain critical constraints.
Tech, AI, wealth management will be immediate priorities for Groww: CEO Lalit Keshre
Over the next three to four years, Groww will continue investing in its technology platform to improve customer onboarding and payments, CEO Lalit Keshre said. Capital expenditure would remain largely directed towards technology infrastructure, cloud capacity, cybersecurity and data systems.
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In the AI era, your job will be measured by outcomes, not hours worked: Automation Anywhere’s Ankur Kothari
As new operating models, backed by automation, begin to take shape in enterprises and businesses, the workforce should prepare itself for a change. Outcomes will be the benchmark for productivity and growth, with AI automating most of the repetitive, time-consuming tasks.
Chasing dues could get easier for small businesses under new rules, MSME Secy Bharat Khera explains
The number of enterprises in the formal ecosystem has increased from around 16.5 million three to four years ago to 92 million currently, said MSME Secretary.
India faces capital, talent gap in foundational AI race: Menlo Ventures’ Deedy Das
India faces hurdles in building globally competitive foundational AI companies, with top research talent concentrated in San Francisco and limited appetite for large, high-risk investments, Menlo Ventures partner Deedy Das said at The Economic Times World Leaders Forum 2026. He sees stronger opportunities for Indian startups at the application layer.
ET World Leaders Forum: Broader media economics key to cricket's success, says JioStar's Uday Shankar
JioStar Vice Chairman Uday Shankar said cricket’s long-term success depends on broader media economics, beyond stadium attendance, as traditional media faces pressure from changing advertising models. Speaking at the ET World Leaders Forum, he also discussed the IPL’s relevance, women’s cricket, digital accessibility, AI-led content innovation and the evolving media business model.
Shriram Wealth plans to expand into Rs 10 lakh-Rs 2 crore client segment: CEO Vikas Satija
Shriram Wealth aims to target new clients with investable assets from ten lakh rupees. The company will utilize the Shriram Group's extensive branch network for expansion. Artificial intelligence-based solutions are planned for introduction within the next six months. This move follows a joint venture with South African firm Sanlam in June 2025. Shriram Wealth also plans to establish fifty centers across India.
Paytm to step up AI, financial services investments after first profitable year, Sharma says
The comments come after a sharp turnaround at One 97 Communications. Paytm reported its first full-year profit of Rs 552 crore in FY26, compared with a loss of Rs 663 crore a year earlier, while operating revenue rose 22% to Rs 8,437 crore. Ebitda improved by Rs 2,008 crore and hit Rs 502 crore.
The Economic Times Startup Awards 2026: Nominees for Startup of the Year and Midas Touch
The 12th edition of The Economic Times Startup Awards (ETSA) is approaching. Our esteemed jury will convene in Bengaluru next week to pick the winners. Today, we revealed the most coveted categories of ETSA: Startup of the Year and Midas Touch, for the best investor.
One of a Kind Awards: Honouring AI that solves problems beyond the hype
At the One of a Kind Awards - for early stage startups, presented by The Economic Times and Cashfree Payments, the AI Innovator Award recognised an early-stage, internet-first startup using AI to solve a real-world problem or create fundamentally new product capabilities.
Pine Labs to step up agentic commerce investments: CEO Amrish Rau
Pine Labs has developed P3P, an autonomous payment protocol built on the Unified Payments Interface (UPI), under which buyer and seller agents can transact within regulatory guardrails.
Cross-border payments, India’s global UPI push in focus at GFF 2026
The seventh edition of the Global Fintech Fest (GFF) 2026 to be held in Mumbai from September 8 to 11, will bring together policymakers, central banks, regulators and fintech companies from more than 70 countries, organisers said on Thursday.
Cross-border trade in local currencies reduces transaction costs: RBI deputy governor
Local currencies will increasingly drive cross-border trade and payments, reducing costs and improving efficiency. Technology will be leveraged across the entire customer transaction chain for digital origination and reporting. India's foreign exchange reserves have significantly grown, and domestic forex market turnover has doubled recently. The market faces challenges with skewed participation and unauthorized online trading platforms operating outside regulations.
From AI strategy to enterprise execution: The leaders shaping India’s AI transformation
The Economic Times AI Business Transformation Masterclass & ET Most Innovative AI Product Awards 2026 brings together leaders from NVIDIA, PepsiCo, IndusInd Bank, PhonePe, Pine Labs, Gnani AI, Perceptyne Robots and Shadowfax to examine how AI is being deployed across enterprise infrastructure, financial services, commerce, supply chains, voice and robotics.
RBI deputy governor Murmu calls for focus on meaningful financial inclusion
Banks must measure financial inclusion by effective usage and informed decisions. Technology shifts and consumer behavior necessitate responsive banking systems. Digital inclusion deepens, and AI helps recognize capability across diverse groups. Institutions need skilled people to challenge models and oversee external providers. Prudence requires pooled intelligence and credible alternatives for system resilience.
Sebi to soon roll out AI rules with a ‘kill switch’ for stock market
Sebi will soon issue guidelines for responsible AI and machine learning use in India’s securities market, with mandatory safeguards including a “kill switch”, human oversight and data controls. Chairman Tuhin Kanta Pandey said the framework will balance innovation with investor protection as AI adoption expands across surveillance, risk assessment, fraud detection and investor servicing, while ensuring accountability among regulated entities.
Why rising Treasury yields are becoming a growing risk for the US economy
A sell-off in U.S. Treasuries has pushed yields higher, raising borrowing costs for households, companies and the federal government. Higher yields could pressure mortgages, corporate investment, asset valuations and government debt servicing. Investors are watching inflation, energy risks, Federal Reserve policy, Treasury supply and foreign demand for signs of prolonged market pressure.
The Architecture Trap: Why better algorithms won’t fix healthcare
India’s AI healthcare push faces a critical choice: use technology mainly to streamline existing healthcare transactions or build a prevention-focused system. With national digital-health infrastructure already in place, the key challenge is creating incentives and coordination that reward preventing hospitalisation rather than treating it.
Global Market: Trump-backed World Liberty partners with platform offering Chinese AI models
Trump-backed World Liberty Financial is collaborating with Hong Kong-based WorldClaw, which offers access to Chinese and US AI models. The partnership has drawn scrutiny because several Chinese developers face US security restrictions, while the Trump family holds a significant World Liberty stake and benefits financially from its cryptocurrency activities.
Trump crypto firm backs venture offering AI from restricted Chinese companies
WorldClaw, founded earlier this year, offers customers access to a suite of AI models and accepts World Liberty's crypto tokens as payment. The Trump family, through its ownership stake, earns revenue from the use of World Liberty's tokens.
Razorpay launches AI model trained on four billion payments
Razorpay has launched an AI foundation model to enhance online payment success. This advanced system improves fraud detection and payment routing capabilities significantly. The model learns from billions of transactions, processing thousands of signals per payment. Beta tests show improved success rates and better fraud identification for merchants.
Stripe clinches over $7 billion deal to buy AI firm OpenRouter
The deal, just months after OpenRouter raised money at a reported $1.3 billion valuation, underscores the demand from businesses to find the most cost-friendly AI solutions. It could also give Stripe, a payments processing firm, a stronger footing in the fast-growing artificial intelligence sector.
Govt launches two modules to digitise PMGSY process
The modules are electronic measurement book (e-MB) and electronic billing (e-billing), replacing the paper-based measurement and billing system that had been in use for two decades. The modules, developed by the National Rural Infrastructure Development Agency (NRIDA), went live on Friday.
Apple wants publishers to help make Siri smarter, may pay hundreds of millions: Report
Apple is reportedly discussing new multiyear deals with news publishers. These agreements would grant the iPhone maker access to their content for Siri. The proposed deals involve variable compensation based on content usage. Apple is preparing a major AI upgrade for its Siri voice assistant.
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