RBI, European Central Bank sign revised agreement on banking; Important to sustain global cooperation, says ECB’s Lagarde

The Reserve Bank of India (RBI) and the European Central Bank (ECB) on Sunday signed a Memorandum of Understanding (MoU) on cooperation in the field of central banking.

The MoU, which updates the previous MoU of 2015, provides a framework for a regular exchange of information, policy dialogue and technical cooperation between the two institutions in areas of mutual interest in the field of central banking.

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India roundup: India accelerates semiconductor and display ambitions with new approvals, AI infrastructure expansion

India is advancing its electronics and semiconductor manufacturing strategy through new approvals for semiconductor and Mini/Micro LED projects, while companies including Tata Electronics and Yotta Data Services expand investments tied to chips, AI infrastructure, and data centers. The developments reflect India’s broader push to become a larger global sourcing base for semiconductors, displays, automotive electronics, and AI-related manufacturing amid ongoing supply chain diversification.

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K’taka to introduce AI-based evaluation in govt schools

In a significant step towards digitising the education system, the Karnataka Education Department is preparing to introduce Artificial Intelligence (AI)-based technology for evaluating answer scripts in government schools. The move is aimed at making the assessment process faster, more efficient, and less burdensome for teachers.

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Wipro to PeopleStrong: Employers reveal what’s actually slowing AI adoption

According to Sanjeev Kumar Gupta, CEO of the Karnataka Digital Economy Mission, Karnataka currently contributes between 38 and 40 per cent of India’s IT software exports and hosts more than 20,000 DPIIT-registered startups.

The state is also home to:

• More than 400 GCCs and Fortune 500 R&D centres

• 54 unicorns

• Nearly half of India’s AI and semiconductor talent

• A planned $20 billion quantum economy initiative

Gupta said the next challenge lies in building inclusive growth beyond Bengaluru.“Responsible innovation ultimately means ensuring technology solves real-world challenges,” he said.The state’s focus is now expanding towards regional talent pipelines, deep-tech acceleration and broader access to innovation infrastructure across emerging clusters.

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The Pulse of Progress: Industry Voices on Technological Evolution

“On National Technology Day, the theme ‘Responsible Innovation for Inclusive Growth’ strongly reflects Karnataka’s vision of building technology ecosystems that are globally competitive, socially transformative, and deeply inclusive. At KDEM, we believe innovation must create meaningful opportunities across regions, industries, and communities, ensuring growth is sustainable, equitable, and future-ready. Karnataka today stands at the forefront of India’s technology economy, contributing 38–40% of the country’s IT software exports, 13% of India’s total exports globally, and 35% of the nation’s biotechnology market, while also accounting for 10% of India’s electronic industrial output. The state’s economy is growing at 10.2%, outpacing the national average, further strengthening its position as India’s leading innovation and digital growth engine.

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JSS STU hosts 24-hour ‘SruJSShTi 2026 EC Hackathon’ in Mysuru

The Department of Electronics and Communication Engineering at JSS Science and Technology University organised the ‘SruJSShTi 2026 – EC Hackathon’, a 24-hour innovation-driven technical event focusing on Artificial Intelligence, the Internet of Things (IoT), Signal Processing, and Communication technologies.

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India positions itself as a global telecom power amid tech rivalry

Amid rising geopolitical risks, countries and companies are increasingly adopting “friend-shoring” and “China+1” strategies to diversify manufacturing and sourcing away from geopolitical rivals. Several Western nations have restricted or banned Chinese vendors from participating in 5G infrastructure deployment, citing security and espionage concerns. These restrictions, however, have also led to higher deployment costs and delays.

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Beyond Bengaluru

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