29, Jan 2026
Punjab & Sind Bank Celebrates 77th Republic Day with Pride, Honouring the Constitution and India’s Unity
New Delhi, Jan 29: Punjab & Sind Bank marked the 77th Republic Day of India with great enthusiasm and patriotic fervour across its offices, reaffirming its steadfast commitment to the values and principles enshrined in the Constitution of India. The celebrations reflected the Bank’s deep respect for India’s democratic ethos and its enduring legacy of service to the nation.
At the Bank’s Corporate Office, the celebrations commenced with the unfurling of the National Flag by Shri Swarup Kumar Saha, Managing Director & CEO, in the presence of senior management, officers, staff members, and invited guests. The solemn flag-hoisting ceremony was followed by the singing of the National Anthem, instilling a strong sense of unity and national pride among all present.
Addressing the gathering, Shri Swarup Kumar Saha highlighted the significance of Republic Day and reiterated Punjab & Sind Bank’s unwavering commitment to nation-building, inclusive growth, customer-centric banking, and service excellence. He also commended the dedication and collective efforts of the Bank’s employees in strengthening its contribution to India’s economic development.
The celebrations were further enriched by a stirring military band performance, adding grandeur and patriotic spirit to the occasion. Reinforcing the Bank’s commitment to sustainability and environmental stewardship, a plantation drive was also organised as part of the event.
A vibrant cultural programme followed, featuring performances by Bank employees and their children, celebrating India’s rich cultural diversity. Special group dance performances by Amrit Saini Academy emerged as a key highlight of the celebrations and were met with enthusiastic applause from the audience.
The programme concluded with a vote of thanks by the Chief General Manager, who expressed heartfelt appreciation to all participants, performers, and organising teams for making the celebration memorable. The event concluded with a brunch, fostering camaraderie and togetherness among employees.
Punjab & Sind Bank continues to uphold the spirit of the Constitution and remains committed to serving the nation with integrity, dedication, and excellence—where service truly remains a way of life.
- 0
- By Neel Achary
29, Jan 2026
CFOs Set New Bar for Finance AI: Show Your Work and Know When to Stop
New York, NY – Jan 29- The debate is over. CFOs aren’t asking whether to adopt AI in finance anymore. They’re asking why every solution forces them to choose between speed they can’t audit and control that doesn’t scale.
A new research study from Wakefield Research surveyed 100 CFOs at mid-market U.S. companies ($50M-$500M revenue). Between 60 and 77 percent already plan to adopt AI depending on the use case. But the findings reveal a massive trust gap blocking execution. Read the full report here: Finance AI Adoption Benchmarking Report.
The trust gap is real. 96% of CFOs say AI’s biggest benefit is freeing time for strategic work. But only 14% completely trust AI to deliver accurate accounting data on its own. And 97% say human oversight is critical. That’s not a contradiction – it’s CFOs defining the solution.
The findings reveal a market stuck between two broken models. AI copilots – whether standalone or embedded in legacy tools – still require accountants to review transaction by transaction, delivering single-digit productivity gains. AI agents – black-box LLM wrappers with finance branding – promise full automation but deliver unacceptable risk: no way to verify accuracy, no real audit trail, and low understanding of business context.
CFOs want neither babysitting nor black boxes. They want what they are calling “intelligent escalation” – AI that operates autonomously on routine transactions but knows when it’s encountering ambiguity and escalates with full context. One CFO put it simply: “We need an autopilot – fast, accurate and with the sound judgment of our most reliable accountant.”
The bottleneck isn’t AI intelligence – it’s AI judgment. As foundation models get smarter, the differentiator isn’t raw capability – it’s understanding business context, company policies, and when a decision requires human input. Speed and accuracy are table stakes. Judgment is what separates automation from intelligent escalation.
“We evaluated several AI solutions, and the difference was night and day,” said Dominic Rand, CFO of Kiva Brands. “Most tools either wanted full control with zero transparency, or they created more work for my team. What we needed was what Maximor delivered: AI that could handle the routine with speed and precision and knew exactly when to bring a human into the loop. That’s when automation becomes a partnership, not a risk.”
“When intelligence becomes commoditized, judgment becomes the competitive advantage,” said Ramnandan Krishnamurthy, co-founder and CEO of Maximor. “CFOs aren’t asking for smarter AI – they’re asking for AI that knows its limits. They need systems that are verifiable, operate autonomously when appropriate, and demonstrate judgment about when to act and when to escalate. That’s the shift we’re seeing in the market.”
The study makes clear what finance leaders demand: speed, verifiable accuracy, full audit trails, and intelligent escalation – AI that earns the right to operate autonomously by demonstrating judgment about when to act and when to ask.
CFOs have drawn the line: AI that can’t show its work and doesn’t know when to escalate is unacceptable in finance.
28, Jan 2026
COLORFUL Launches Flagship iGame X870E VULCAN OC Motherboard
Mumbai, India, Jan 28: Colorful Technology Company Limited, a leading brand in gaming PCs, laptops, and HiFi audio, unveils its flagship motherboard, the iGame X870E VULCAN OC, built on the AMD X870E platform for enthusiasts and extreme overclockers. Even prior to its official launch, the motherboard made global headlines by pushing the AMD Ryzen™ 7 9800X3D processor to an astounding 7335.48MHz, setting a new world record for this CPU.
Designed to unlock the full potential of AMD’s Ryzen 9000 X3D processors, the iGame X870E VULCAN OC combines high-end power delivery, advanced cooling, and gamer-focused tuning, reflecting COLORFUL’s commitment to performance, intelligent firmware optimization, and futuristic design.
Futuristic Design with Smart Display
The Vulcan series’ signature aesthetics are enhanced with deep-black multi-layer metal heatsinks for visual impact and thermal efficiency, while a fin-array cooling structure and full-coverage backplate ensure stability under sustained loads.
-
Customizable iGame Smart LCD (268×800 pixels) for system monitoring and personalization
-
Integrated iGame RGB lighting for a futuristic look
-
Airflow-optimized layout for durability under extreme conditions
Extreme Power Delivery and Memory Support
Engineered for high-current workloads and overclocking:
-
18 + 2 + 2 phase power design with 110A DrMOS stages
-
Dual 8-pin CPU power connectors for stable high-load operation
-
10-layer server-grade PCB with electroless silvering for clean signal transmission
-
Dual-channel DDR5 memory support up to 10400MT/s with Intel XMP and AMD EXPO
Overclocking-Focused Features and Connectivity
The motherboard comes equipped with on-board controls and firmware tools for streamlined manual tuning and benchmarking:
-
Shortcut buttons for rapid overclocking adjustments
-
Debug LED for real-time system diagnostics
-
Dual BIOS support with hardware switching
-
BLCK external frequency adjustment
Expansion & Connectivity:
-
1 × PCIe 5.0 x16 slot
-
5 × M.2 slots, including 3 × PCIe 5.0
-
5GbE wired LAN & Wi-Fi 7 wireless module
Dedicated X3D Optimization for Gaming
The X3D AI Turbo tuning feature maximizes performance for AMD Ryzen X3D processors:
-
One-Click Overclocking button on the rear I/O
-
High Frame Rate Mode integrated into BIOS
-
Automatic optimization of base clock and PBO
-
Multiple manual profiles for performance/stability balance
The iGame X870E VULCAN OC sets a new benchmark in extreme overclocking and gaming motherboard design, combining futuristic aesthetics, advanced tuning, and next-generation connectivity for elite enthusiasts.
28, Jan 2026
Honeywell and TruAlt Bioenergy Sign Agreement to Drive 80,000 TPA SAF Production in India
NEW DELHI, India, Jan 28: Honeywell (NASDAQ: HON) today announced that TruAlt Bioenergy Limited will use Honeywell’s Ethanol-to-Jet (ETJ) process technology to produce 80,000 tons per annum (TPA) of sustainable aviation fuel (SAF) in India. The agreement marks a major step towards establishing one of India’s first grassroots, dedicated SAF production facilities utilizing ethanol as a feedstock.
Honeywell UOP’s Ethanol-to-Jet technology enables producers to convert ethanol derived from renewable sources into SAF, offering a cost-effective pathway to reduce carbon emissions of air travel. The process is easily integrated into existing ethanol production infrastructure and can also produce renewable diesel, helping reduce carbon emissions in the road transport sector.
“Our proven Ethanol-to-Jet technology provides a cost-efficient pathway for SAF production and will help TruAlt Bioenergy advance its net-zero ambitions while creating value across the agricultural and energy ecosystems,” said Ranjit Kulkarni, VP & GM – Honeywell Process Technology, India. “This agreement marks another milestone in Honeywell’s journey to help India build self-reliance in sustainable fuel production.”
The collaboration underscores Honeywell’s alignment with the Government of India’s Aatmanirbhar Bharat vision by promoting domestic biofuel production. Once operational, the project will help reduce CO₂ emissions from the rapidly growing aviation sector while also contributing to higher farmer incomes through increased demand for bioethanol.
Vijay Nirani, Managing Director of TruAlt Bioenergy Limited, said, “Our agreement with Honeywell is a defining step in TruAlt’s journey to help build India’s sustainable aviation fuel ecosystem. By leveraging Honeywell technology, we aim to create a scalable, ethanol-based SAF pathway that connects India’s farmers directly to the global aviation decarbonization agenda. Through this project, we are strengthening our conviction that India’s energy transition must be rooted in domestic feedstocks, strong industrial capability and inclusive economic value creation without external dependence. Additionally, it leverages India’s unique geographic and demographic advantages to progressively position the country as a major global hub for sustainable aviation fuel production.”
Honeywell currently offers solutions across a range of feedstocks to meet the rapidly growing demand for renewable fuels, including SAF. The company also offers modular renewable fuels technology that can be built off-site and quickly installed at refineries, lowering risk and accelerating start up compared to traditional methods.
28, Jan 2026
Limited Supply and Strong Demand Drive Luxury Home Price Appreciation in Goregaon West
Goregaon West is fast consolidating its position as one of Mumbai’s most resilient and high-performing residential micro-markets, particularly in the luxury and premium housing segment. Backed by established social infrastructure, seamless connectivity to key business districts, and limited availability of new high-quality developments, the locality is witnessing sustained demand from both end-users and investors, resulting in steady price appreciation.
Industry trends indicate that luxury housing in Goregaon West is benefiting from a shift in buyer preferences toward well-located, execution-driven projects that offer long-term value rather than speculative gains. With supply remaining constrained and buyers closely tracking construction progress, projects that demonstrate timely execution are seeing faster absorption and quicker price movements.
A notable example of this market momentum is Ariha Group’s luxury residential project at Jawahar Nagar, Goregaon West, which has recently announced an upward revision in prices following an exceptional buyer response. Launched in October at ₹27,500 per sq. ft., the project has already seen prices appreciate to ₹36,000 per sq. ft., highlighting the strength of demand and the market’s willingness to reward quality developments.
The project’s strong performance is further reinforced by its construction progress, with the structure having breached the 7th slab ahead of schedule. This visible on-ground execution has played a key role in strengthening buyer confidence and accelerating decision-making in a market where delivery assurance has become a critical factor.
Commenting on the broader market and the project’s performance, Mr. Dhruman Shah, Promoter, Ariha Group said,
“Goregaon West continues to attract discerning homebuyers who are looking for a combination of location advantage, lifestyle quality, and assured execution. The response to our luxury project at Jawahar Nagar reflects this evolving mindset. The price appreciation we have witnessed is driven by genuine demand, limited supply of premium homes, and consistent construction progress, with the project already crossing the 7th slab ahead of timelines.”
Providing a strategic market perspective, Mr. Nihar Jayesh Thakkar, Founder, The Mandate House added,
“From a market standpoint, Goregaon West is clearly transitioning into a mature luxury residential zone. Buyers today closely monitor appreciation trends and construction milestones before committing. Ariha Group’s project is a strong example of how timely execution, limited inventory, and a clear luxury positioning translate into rapid value creation in this micro-market.”
To mark the project’s price appreciation and sustained demand, a premium celebratory initiative has also been introduced post the price revision. As part of this offering, a luxury Rolex watch is being extended as a special incentive on every booking, applicable on select limited inventories, reinforcing the project’s aspirational and elite positioning.
With prices already revised upward, limited availability, and construction progressing ahead of schedule, Ariha Group’s luxury development at Jawahar Nagar, Goregaon West stands as a compelling case study of how the Goregaon real estate market is rewarding well-executed luxury projects with strong and early appreciation.
28, Jan 2026
The Legend of Hanuman Breaks Through as Only Animated Title in Ormax 2025 Streaming Originals
Mumbai, Jan 28: In a landmark achievement for Indian animation, The Legend of Hanuman – Season 6, produced by Graphic India, has secured the #11 spot in Ormax Media’s Top 50 Streaming Originals in India: The 2025 Story. It is the only animated series to feature on the list, a rare distinction in a landscape typically dominated by live-action crime dramas, thrillers, and reality content.
With an estimated 16.2 million viewers, Season 6 ranks alongside some of the year’s biggest streaming titles, including Special Ops S2, Criminal Justice: A Family Matter, The Family Man S3, Panchayat S4, Paatal Lok S2, and global sensations like Squid Game S3 and Stranger Things S5, underscoring its massive appeal in a highly competitive entertainment landscape.
Ormax Media’s annual rankings are based on independent nationwide research measuring actual viewership, making this recognition one of the most credible performance benchmarks in India’s OTT ecosystem.
Produced by Graphic India and created by Sharad Devarajan, Jeevan J. Kang, and Charuvi P. Singhal, The Legend of Hanuman has consistently set new benchmarks for Indian animation. Earlier seasons regularly topped Ormax Media’s weekly charts, with Season 1 holding the #1 spot for three consecutive weeks—a rare feat for an animated show in India. Season 6’s inclusion in the Top 50 reinforces the franchise’s sustained scale and repeat engagement, highlighting its status as one of the most-watched streaming originals of 2025.
The series continues to be a flagship title on Jio Hotstar and reaches audiences across India in multiple languages, including Hindi, Tamil, Telugu, Marathi, Bengali, Malayalam, and Kannada. It also enjoys critical acclaim, with a 4.9 Google audience score and a 9.2 IMDb rating, reflecting both popularity and quality.
Sharad Devarajan, Creator, Co-Writer, and Producer of The Legend of Hanuman, said:
“This milestone is incredibly meaningful for everyone who has believed in the power of Indian stories told through world-class animation. Our goal has always been to present mythology with emotional depth, cinematic scale, and visual ambition that resonates across generations. Season 6’s success, as the only animated title on the list, signals a real shift in audience perception—animation is no longer a niche or children-only medium, but a powerful storytelling format embraced by all.”
Being the sole animated title in Ormax Media’s Top 50 underscores a larger industry shift. Indian audiences are increasingly open to diverse formats and rooted narratives produced with global standards, making Season 6 not just a franchise milestone, but a breakthrough for the Indian animation sector as a whole.
For Graphic India, this recognition reaffirms its leadership in creating original animated IP that achieves scale, cultural impact, and mainstream success in the streaming era
28, Jan 2026
Industry Leaders Call for Sustainable Manufacturing, Design-Led Real Estate and Tech-Driven Logistics in Budget 2026
Neal Thakker, Founder and CEO of Magma Group
“As India’s manufacturing base scales, the next phase has to be about building factories that are not just bigger, but cleaner and more resilient. From our experience on the ground, MSMEs are ready to invest in energy-efficient machinery, better materials, and circular processes if access to capital and policy support is predictable. Budget 2026 is a real opportunity to align sustainability with competitiveness by backing technology upgradation, green materials, and simpler compliance for manufacturers who want to modernise without losing margins.”
“Manufacturing growth today is less about announcing new schemes and more about improving execution at the factory level. MSMEs need easier access to working capital, faster GST processes, and incentives to adopt digital and energy-efficient systems that directly improve throughput. If Budget 2026 strengthens technology upgradation and supports sustainable manufacturing at scale, it will help factories become globally competitive while staying grounded in unit economics.”
Tripat Girdhar, Founder of Arete Design Studio
“The 2026 Union Budget must approach the built environment as a long-term national asset, not a short-term fiscal lever. From a policy perspective, real estate needs stability, tax clarity, and predictable approval frameworks to unlock sustained housing-led growth and investor confidence. For developers, the focus should shift from volume-driven construction to performance-led development, where design efficiency, lifecycle cost, and operational sustainability define value. Architecture must be recognised as core infrastructure that directly impacts energy consumption, public health, and urban resilience. Budget incentives should reward climate-responsive design, passive strategies, and durable materials that reduce long-term maintenance and energy costs for both occupants and asset owners. Affordable housing policy must emphasise liveability, dignity, and long-term performance, not just unit counts. Urban planning, public spaces, and last-mile connectivity deserve stronger fiscal support. A design-led budget will help developers build smarter assets while enabling policymakers to create resilient, efficient, and people-centric cities.”
Ajay Rao, Founder & CEO, Emiza
“The upcoming Union Budget is an opportunity to accelerate India’s journey towards becoming a globally competitive logistics hub. Continued capex under PM Gati Shakti, across roads, rail, ports and integrated logistics parks, will be critical to reducing logistics costs and improving efficiency.
For 3PL players, policy support for technology adoption such as automation, AI and digital supply chains, along with incentives for green warehousing, can significantly enhance productivity and sustainability. Clarity on GST, especially input tax credit on construction, will unlock faster development of Grade A warehouses.
Easier access to long-term financing, focused support for MSMEs in Tier 2 and Tier 3 cities, and sustained investment in air cargo and cold-chain infrastructure will help build a resilient, future-ready logistics ecosystem aligned with the National Logistics Policy.”
28, Jan 2026
85-Year-Old Treated Successfully for Rare Drug-Resistant Knee Implant Infection Amid Rising AMR Concerns
Delhi, Jan 28: As antimicrobial resistance increasingly complicates infection management, orthopaedic specialists are encountering more cases where standard antibiotic treatment alone is insufficient. In one such case, Dr. Simon Thomas, Director and Head of Robotic Joint Replacement & Reconstruction, Max Hospital, successfully treated an 85-year-old patient with a drug-resistant knee implant infection through a carefully planned, staged surgical approach, demonstrating how complex infections can be managed effectively with timely, evidence-based care.
Implant-related infections present challenges distinct from routine infections. In joint replacements, bacteria can adhere to the implant surface and form a biofilm, reducing the effectiveness of antibiotics if treatment is initiated without identifying the infecting organism. The issue has gained wider attention amid growing concerns around antimicrobial resistance, which has also been highlighted at a national level. In a recent episode of Mann Ki Baat, Prime Minister Narendra Modi cautioned against the misuse and overuse of antibiotics, noting that indiscriminate use can weaken their effectiveness over time. When antibiotics are started without culture confirmation, resistant bacteria may persist, making infections harder to eradicate and recovery more prolonged.
In this case, the patient, Mrs Pushpa, had undergone bilateral knee replacement surgery in March 2022 and remained active for several years. In early 2025, she developed persistent pain and swelling in both knees. Further evaluation, including joint fluid analysis and laboratory investigations, identified Achromobacter xylosoxidans, a rare organism known for resistance to commonly used antibiotics. Implant-related infections require specialised management, particularly in elderly patients, where treatment decisions must carefully balance infection control with overall safety.
Explaining the clinical approach, Dr. Simon Thomas, Director and Head of Robotic Joint Replacement & Reconstruction, Max Hospital, said, “Implant-related infections are especially challenging today because antimicrobial resistance limits treatment options. In these cases, starting antibiotics without identifying the organism can allow resistant bacteria to persist. A step-by-step approach, based on accurate diagnosis, targeted antibiotics, and timely surgery, is essential to control the infection while protecting long-term joint function.”
Adding to this, Dr. Divesh Gulati, Associate Director Robotic Joint Replacements & Orthopaedics, Max Hospital, Shalimar Bagh, said,
“Cases like this underline the importance of restraint and precision in infection management. When antimicrobial resistance is involved, every decision—from investigation to intervention—must be deliberate. A structured, staged strategy not only improves outcomes but also avoids unnecessary procedures, which is especially critical in elderly patients.”
Mrs Pushpa added,
“At my age, the infection was worrying, and I was unsure how well I would recover. The treatment was explained clearly and carried out step by step, which helped reassure me. I am now recovering steadily and able to move better.”
In May 2025, the infected implant from the patient’s left knee was removed, and the joint was thoroughly cleaned. This was followed by high-dose, culture-specific antibiotic therapy. After infection parameters stabilised, a second-stage revision knee replacement was performed using a high-stability implant, with intra-operative checks confirming infection clearance before implantation. During the same hospital stay, the patient’s right knee, which showed raised inflammatory markers, was evaluated cautiously through joint aspiration and laboratory testing, helping rule out active infection and avoid unnecessary surgery. Despite her age, the patient tolerated the procedures well and is currently undergoing supervised rehabilitation to improve mobility and daily function.
The case highlights the growing clinical impact of antimicrobial resistance and the need for early diagnosis, targeted treatment, and appropriate surgical intervention. It demonstrates that with specialised care and careful planning, even complex, drug-resistant implant infections can be managed successfully in elderly patient
28, Jan 2026
Swiggy Now Lets You Order Food, Dineout, and Shop on Instamart Directly Inside ChatGPT and Claude
Swiggy Ltd India’s leading on-demand convenience platform, today announced a major leap in conversational commerce with the launch of Model Context Protocol (MCP) integrations across various business verticals. This rollout, covering Swiggy Food, Instamart, and Dineout, enables users to order groceries, place food orders, and make dining reservations directly through popular AI tools such as ChatGPT, Claude, Google Gemini and others.
With this launch, Instamart becomes the first quick-commerce platform globally to adopt MCP, allowing users to browse and purchase from an assortment of over 40,000 SKUs using simple, natural language prompts.
The Shift to Agentic AI in Commerce
The Model Context Protocol (MCP) is an open-source framework that connects AI systems and chatbots to live data, sources, and services, allowing them to interact securely with external applications. By exposing a secure set of tools via MCP servers, Swiggy allows AI agents to perform complex tasks that previously required navigating multiple app screens. Users can bypass traditional app interfaces and issue intent-based commands. For example, a user can simply type: “Order ingredients needed for Thai green curry.” or “Order a highly rated biryani I would love.”
The AI agent then handles the entire process: searching for products or restaurants, comparing options, building and updating the cart, applying the best offers or coupons, getting addresses, placing the order, and even tracking delivery. It can also retrieve available booking time slots for a specific restaurant and book a table by creating a cart, applying offers, and confirming the booking in a single prompt.
As users grow more AI-native, increasingly relying on conversational interfaces for planning and decision-making, Swiggy’s integration reflects this shift from static app navigation to dynamic, conversational commerce. This “agentic AI flow” significantly reduces friction by allowing the large language models to handle brand comparisons, quantity selection, and checkout details. The result is a simpler, faster, and more personalized shopping experience that lets users express their intent once and leave it on AI to handle the rest.
Madhusudhan Rao, Chief Technology Officer, Swiggy, said, “India’s convenience needs are deeply contextual, shaped by everyday moments, family routines, personal preferences, and time constraints. Swiggy has always focused on solving for convenience at scale, and conversational commerce takes that a step further by allowing users to simply express what they want, when they want it, whether it is to book a table at their favourite restaurant or order drinks and snacks for a match-viewing party. By bringing MCP to quick commerce, food delivery, and dining out, we’re removing friction from daily decisions and enabling a level of ease, personalisation, and joy that makes on-demand convenience feel effortless.”
Swiggy’s MCP launch builds the foundation for future AI-led experiences, where intelligent agents can act contextually across use cases like meal planning, health goals, dietary preferences, and occasion-based shopping, while remaining privacy-first and secure. In practice, this means users can ask an AI assistant to discover a recipe, identify the right ingredients for four people and add them to their Instamart cart before checking out, build and order a keto or vegan shopping list, compare brands and prices for everyday household staples, or search restaurants and menus, apply relevant offers and book a dine-in table, all through a single, conversational interaction.
How this works
Users can connect the service with AI assistants such as Claude, Gemini, ChatGPT, Cursor, or any agent of their choice in just a few simple steps:
- Navigate to Settings → Connectors → Add Custom Connector/App
- Enter a Name for your connector
- Provide the URL for the service you want to integrate
28, Jan 2026
Kaynes Semicon Secures Fiscal Support Agreement Under India Semiconductor Mission
Kaynes Semicon executes Fiscal Support Agreement and all other Transaction Documents Required to Receive Fiscal Support under India Semiconductor Mission Framework
Bangalore, Jan 28 : Kaynes Semicon Private Limited (“Kaynes Semicon”), a wholly-owned subsidiary of Kaynes Technology India Limited, today announced the execution of its Fiscal Support Agreement and all other Transaction Documents with the India Semiconductor Mission (ISM), Government of India, under the policy framework established to develop semiconductor manufacturing capability in the country.
The signing of the Fiscal Support Agreement and all other Transaction Documents Required marks an important procedural milestone in the implementation of eligible fiscal support as notified under the scheme guidelines, and is a reflection of the Government of India’s sustained commitment to the success of the India Semiconductor Mission. For Kaynes Semicon, this underscores our resolve to operate with the highest levels of governance, transparency and compliance as we scale our semiconductor initiatives. We are deeply committed to playing a leadership role — both in execution and in shaping India’s semiconductor manufacturing capability — in alignment with the country’s long-term strategic objectives.
Shri Amitesh Kumar Sinha, CEO, ISM, added:
“The execution of the Fiscal Support Agreement and other Transaction Documents mark an important milestone for the project and we look forward to continued progress in line with the Mission’s objectives.”
Commenting on the development, Mr. Raghu Panicker, CEO, Kaynes Semicon, said:
“Execution of all these documents along with Fiscal Support Agreement and all other Transaction Documents Required is an important step forward for Kaynes Semicon as we progress on our semiconductor manufacturing journey. We remain grateful to the Government of India, India Semiconductor Mission and Government of Gujarat for their continued support in this journey. We are committed to building a globally competitive semiconductor ecosystem from India with a clear focus on operational excellence and robust compliance.”
Mr. Ramesh Kannan, Executive Vice Chairman, Kaynes Technology India Limited, added:
“Semiconductors are foundational to India’s digital and manufacturing ambitions, and this milestone reinforces our strategic commitment to play a meaningful role in this sector through Kaynes Semicon. We appreciate the structured governance framework established by the India Semiconductor Mission and remain focused on long-term value creation for all stakeholders.”
“Kaynes Semicon, an IESA member, has demonstrated how strong industry capability combined with decisive government action can accelerate India’s semiconductor journey. We commend ISM and MeitY for their timely approvals and structured execution framework, which are building confidence across the ecosystem, Commented Ashok Chandak, President IESA.
