Technology

India’s electric vehicle (EV) market recorded a remarkable 57% year-on-year growth in sales in October, reflecting accelerating adoption of clean mobility solutions. The surge was driven by rising consumer awareness, government incentives, expanding charging infrastructure, and growing availability of two-wheelers, three-wheelers, and electric cars. Analysts attribute this growth to a combination of policy support, declining battery costs, and urban commuters’ preference for sustainable transportation.

The Karnataka government has announced plans to establish a semiconductor manufacturing park in KWIN City, aiming to position the state as a hub for advanced electronics production. The initiative seeks to attract global semiconductor firms, foster research and development, and strengthen India’s self-reliance in critical technology supply chains. The park will provide state-of-the-art infrastructure, incentives for investors, and a supportive ecosystem for semiconductor fabrication, assembly, and testing.

The Karnataka government has announced a ₹1,000 crore fund to support DeepTech and AI startups, aiming to position the state as a hub for advanced technology innovation. The initiative targets early-stage ventures in artificial intelligence, robotics, quantum computing, and other frontier technologies, providing capital, mentorship, and ecosystem support. Officials highlight that the fund will accelerate research commercialization, foster entrepreneurship, and attract global investments.

Zoho Arattai, the enterprise messaging platform, has announced plans to implement end-to-end encryption (E2EE) across its services, reinforcing its commitment to data privacy and secure communication. The upgrade aims to safeguard messages, files, and calls from unauthorized access, enhancing trust among businesses and individual users. With growing concerns over cyber threats and regulatory scrutiny, this move positions Zoho Arattai as a privacy-focused alternative in the crowded messaging landscape.

Apple India has posted a 16% year-on-year increase in net profit, reaching ₹3,196 crore, reflecting robust sales across iPhones, MacBooks, and other devices in the Indian market. The growth underscores rising consumer demand, expanding retail presence, and effective localization strategies amid a competitive smartphone and electronics ecosystem. Analysts attribute the performance to strong brand positioning, supply chain optimization, and increasing adoption of premium devices.

Kinetic Green, a pioneer in electric mobility, has teamed up with Exponent Energy to roll out fast-charging electric three-wheelers (e3Ws), marking a significant step in India’s EV revolution. The collaboration focuses on integrating high-performance batteries with rapid-charging capabilities, enabling longer operational hours and reduced downtime for fleet operators. With increasing demand for sustainable last-mile transportation solutions, this initiative targets urban mobility challenges while supporting decarbonization goals.

The initial public offering of Capillary Technologies continued to gain traction on its second day, securing 52% subscription as investors evaluated the company’s growth prospects in the customer engagement and loyalty management space. Interest from retail and institutional segments contributed to the steady performance, reflecting confidence in the firm’s business model, recurring revenue streams, and expanding global footprint.

Microsoft India recorded an impressive financial performance in FY25, reporting a 39% jump in net profit to Rs. 1,245 crore, underscoring robust demand for cloud services, enterprise solutions, and digital transformation tools across the country. The company’s strong results reflect India’s expanding digital economy, rising IT investments, and a growing reliance on advanced software ecosystems.

In a landmark move for India’s clean-tech and circular economy ambitions, Lohum, a leading producer of sustainable battery materials, has launched the country’s first rare earth magnet manufacturing and recycling facility in Uttar Pradesh. The plant, focused on recovering and reusing critical minerals used in electric vehicles (EVs), wind turbines, and electronics, marks a significant step toward India’s goal of reducing dependence on imported rare earth elements.

In a transformative step toward bridging India’s digital divide, the Maharashtra government has entered into a strategic partnership with Starlink Satellite Communications Pvt Ltd, marking the company’s first official collaboration in the country. The agreement aims to deliver high-speed, low-latency internet access to underserved and remote districts across Maharashtra, aligning with the state’s broader “Digital Maharashtra” vision.