Category technology

SalaryOnTime, a credible FinTech Marketplace that addresses the credit needs of working professionals, announced the introduction of their AI-based Risk Assessment System, which targets credit accelerating loan approvals with high degrees of precision and compliance. This newly introduced system uses advanced technologies like AI with the help of machine learning algorithms on the real-time information that the customers are providing. This further enables faster credit decisions and a smoother digital lending journey.

With the integration of the AI-based evaluation process, the organization can easily assess the key parameters like the salary profile, employment pattern, repayment ability, or credit behavior on the spot. This eliminates time consumption and involves automated risk scores instead, thus optimizing time while still deriving the offered decision. There are also intelligent signals related to fraud detection that assist in the identification of potential risks, hence reducing the occurrence of fraud risks.

The launch comes at a time when borrowers are increasingly demanding instant, transparent, and reliable access to credit. The system, through the elimination of document requests and other verification procedures, enables customers to get faster responses and updates on their eligibility and the online application process. The faster response and accurate decision, along with safer practices, help build customer trust.

In addition to optimizing speed and efficiency, this new risk assessment tool utilizing AI will further solidify SalaryOnTime’s commitment to responsible and compliant lending practices. The system aligns with RBI-compliant digital lending guidelines and facilitates improved KYC, check eligibility criteria, and repayment abilities, establishing itself as a regulated ‘customer-first,’ lender focused on long-term financial well-being.

Commenting on the launch, Ankit Modi, Managing Director of SalaryOnTime, said,

“Our vision was not only to disburse these loans quickly, but to also ensure a much safer and responsible experience for working professionals. The new AI- based risk assessment system further strengthens our promise to deliver transparent and ethical lending, with faster and more accurate results without compromising on compliance or customer trust.”

With this latest technology upgrade, SalaryOnTime continues to invest in intelligent digital infrastructure that balances the scales of speed, accuracy, and risk management. Its focus on providing secure, scalable, and responsible lending solutions that meet the expectations of today’s salaried employees in the industry.

Bengaluru, India,  Jan  24: AXISCADES Technologies Limited (BSE: 532395 | NSE: AXISCADES), a chip to product company and a pioneer in Aerospace, Defence, Electronics, Semiconductor and Artificial Intelligence (ESAI) applications, announces new wins in ESAI division by its subsidiary Mistral Solutions.

This strategic contract pertains to testing of audio products of its Hyperscaler customer in the newly established Acoustic Lab in Aeroland facility, Bengaluru.

This pilot order is for multiyear, valued at about $1Mn and is expected to generate more opportunities in innovative audio product development. These small form factor audio products stand out through advanced spatial audio processing, custom silicon for superior noise cancellation, and seamless integration with AI for proactive, ambient AI experiences.

Mr. Manikandan, CEO, Mistral Solutions said,

“This is the result of our efforts to expand beyond our traditional base of TI and Qualcomm ecosystem and add the global majors to our customer list by setting up exclusive facilities for them and forge long term relationship”.

Hyderabad, Jan 23:   SpeedTech.ai, a leading provider of conversational AI and intelligent automation solutions, today announced the strategic appointment of Mr. Raviteja Turram as Regional Chief Business Officer (RCBO). This key leadership addition underscores the company’s commitment to expanding adoption of its flagship RAIYA platform across enterprises seeking to transform customer engagement and business operations through AI-powered automation.

SpeedTech.ai’s RAIYA platform is revolutionizing how businesses interact with customers through three core solutions: RAIYA Telephony, which delivers human-like conversational AI phone calls with zero latency in multiple languages; RAIYA Concierge, an advanced virtual assistant leveraging Large Language Models (LLM) and Generative AI; and RAIYA IDP (Intelligent Document Processing), which automates workflow and data extraction processes. The platform serves diverse industries including real estate, hospitality, logistics, retail, healthcare, banking, and recruitment.

As Regional Chief Business Officer, Mr. Turram will spearhead market expansion efforts, driving adoption of RAIYA’s AI-powered solutions throughout his designated territory. His mandate includes building strategic partnerships, accelerating revenue growth, and ensuring enterprises can successfully leverage conversational AI to enhance customer engagement, improve operational efficiency, and drive measurable business outcomes.

“RAIYA is transforming how businesses engage with their customers through intelligent, multilingual AI conversations that feel remarkably human,” said Saleel Tatke, Senior Vice President at SpeedTech.ai. “Raviteja’s appointment as Regional Chief Business Officer enables us to bring RAIYA’s powerful conversational AI capabilities to more organizations ready to automate customer interactions, qualify leads more effectively, and scale their operations intelligently.”

RAIYA Telephony has demonstrated exceptional results across industries. B2B companies have reported conversion ratio improvements from 2% to 3.4%, while agricultural technology platforms have successfully connected over 12,000 farmers across multiple states through multilingual AI telephony in Hindi, Tamil, Telugu, Marathi, Gujarati, and Kannada. The platform’s real-time audio-to-audio model delivers conversations with natural emotions and zero latency, making interactions indistinguishable from human conversations.

“Conversational AI represents a fundamental shift in how businesses can scale customer engagement without compromising quality,” said Mr. Turram. “SpeedTech.ai’s RAIYA platform is genuinely transformative—enabling companies to handle thousands of customer interactions simultaneously in multiple languages while maintaining the personal touch that builds trust. I’m excited to lead regional expansion for a solution that delivers immediate, measurable impact across such diverse industries.”

This strategic appointment aligns with SpeedTech.ai’s mission to make sophisticated conversational AI technology accessible, practical, and transformative for businesses of all sizes, enabling them to design, build, and deploy AI-driven virtual assistants in minutes rather than months.

Intellect Accelerates Global Enterprise AI Adoption, Onboards 14 Value Discovery Partners for Purple Fabric Ecosystem

Intellect Design Arena Ltd, a global leader in enterprise-grade financial technology, today announced the onboarding of 14 Value Discovery Partners across India, Africa, Europe, the UK, APAC, and Canada, to accelerate AI-First value discovery and enterprise adoption of Purple Fabric, its enterprise-grade Business Impact AI platform.

As financial institutions worldwide face the challenge of moving Generative AI initiatives from “pilot mode” to production-grade “business impact,” this new partner ecosystem will play a pivotal role in bridging the gap.

Built using First Principles Thinking and reinforced by Design Thinking-led solution discovery, Purple Fabric integrates knowledge derived from over three decades of domain expertise and more than 20 million engineering hours. The platform offers a robust suite of enterprise-ready Digital Experts that are already deployed and trusted by global financial institutions.

As Value Discovery Partners, these organisations engage early with customer leadership to lead AI-First value discovery identifying high-impact use cases, prioritising measurable value pools, and co-designing governed, production-ready AI solutions on Purple Fabric. This ensures enterprises move beyond experimentation and accelerate the delivery of tangible, scalable business outcomes.

At its core, Purple Fabric enables enterprises to operationalise AI through four foundational technology stacks. These include the Enterprise Knowledge Garden (PF EKG), which provides a unified, continuously updated domain data fabric; Enterprise Digital Experts (PF EDE), a multi-agent orchestration layer that automates and augments enterprise tasks across credit, risk, compliance, and customer experience; Enterprise Governance (PF Govern), embedding observability, auditability, and fairness controls to ensure trust and regulatory compliance; and the LLM Optimisation Hub (PF MOH), an LLM-agnostic layer that optimises speed, accuracy, and cost through intelligent benchmarking and resource allocation.

A New Collaborative Framework: Co-Build, Co-Exist, Build

The Purple Fabric Value Discovery Partnership Program is anchored on deep technical and strategic collaboration. Partners are not positioned as distributors but as co-creators within the ecosystem, working closely with Intellect to:

• Co-Build: Jointly develop new AI agents and industry-specific workflows.
• Co-Exist: Seamlessly integrate Purple Fabric’s Digital Experts into existing legacy and core architectures.
• Build: Create bespoke IP and differentiated solutions on top of the Purple Fabric foundation.

Flexible Engagement Models

To ensure broad market adoption and flexible go-to-market execution, the partner ecosystem operates under three distinct engagement models:

• Sell With: Partners leverage Purple Fabric to address customer challenges, with Intellect providing deep architectural and platform support.
• Sell To: Partners adopt Purple Fabric for their own internal operations, using pre-built Digital Experts to streamline workflows and decision-making.
• Sell Through: Designed for partners with strong cloud capabilities, this model offers dual deployment flexibility, either hosting Purple Fabric on partner infrastructure or reselling it via Intellect’s managed Purple Fabric Cloud, aligned to customer compliance and data preferences.

Commenting on the expanded partner ecosystem, Arun Jain, Chairman and Managing Director of Intellect Design Arena Limited & Chief Architect of Purple Fabric, said,

“AI must move beyond pilots to deliver measurable business impact at enterprise scale. This value discovery partner ecosystem reinforces our belief that Business Impact AI can only scale through trusted collaboration, where industry context, governance, and execution come together. Purple Fabric is designed as an open platform, and this growing global ecosystem will help enterprises move decisively from experimentation to outcomes.”

By:  Dr Alok Misra, CEO & Director, Microfinance Industry Network 

“The microfinance sector touching lives of nearly 30 crore low income people needs policy support in the form of robust KYC framework for accurate borrower verification and responsible credit reporting. In light of SC judgement restricting Aadhar use, the issue needs to be addressed through solutions such as Aadhaar last-four-digit storage or tokenisation. The other area requiring policy support is availability of stable funding mechanism. High dependence of NBFC-MFIs on bank funding leads to sudden drying up of funds and affects financial inclusion, like seen for last one year. This has resulted in nearly 50 lakh clients going out of formal finance fold.

Other than that, at a macro level, the sector has shown tangible improvement in credit discipline, with Portfolio at Risk (1–90 days) for RBI regulated entities declining from 5.3% in Dec 2024 to 2.4% by end December 2025 and nearly 96% of borrowers are within prescribed MFIN guardrails. We remain hopeful for an early announcement on the proposed credit guarantee scheme for microfinance, which will further strengthen lender confidence and start a virtuous cycle for the sector.”

Bengaluru,  Jan 23: Hexagon, the global leader in measurement technologies, today announced the India market launch of its next-generation metrology solution, the ATS800, at IMTEX Forming 2026, one of India’s premier manufacturing and machine tool exhibitions. While the ATS800 has been introduced in global markets earlier, this marks its official debut in the Indian manufacturing sector.

The launch ceremony was attended by Mr. Pramod Kaushik, President, Hexagon India, Mr. Manoj Sharma, Director – Marketing and Sales Excellence, Hexagon India, along with other Hexagon leaders and distinguished guests. The event is ongoing until 25 January 2026 at the Bangalore International Exhibition Centre (BIEC), Bengaluru, with Hexagon showcasing the ATS800 at Hall 3A, Booth A126.

The ATS800 is a high-precision laser tracking metrology solution that combines direct scanning and reflector tracking in a single portable system. It enables manufacturers to measure complex surfaces, fine features, and large structures from distances of up to 40 metres, improving precision, productivity, and workflow efficiency.

Speaking on the launch, Mr. Pramod Kaushik, President, Hexagon India, said:

“The introduction of the ATS800 in India reflects Hexagon’s continued commitment to supporting the country’s manufacturing transformation. As manufacturers move towards higher precision, larger assemblies, and digital quality workflows, the ATS800 offers a flexible and scalable solution to improve accuracy, productivity, and operational confidence.”

Mr. Manoj Sharma, Director – Marketing and Sales Excellence, Hexagon India, added:

“India’s manufacturing ecosystem is evolving rapidly, and the ATS800 reinforces Hexagon’s commitment to equipping Indian manufacturers with advanced metrology solutions that enhance quality, productivity, and competitiveness.”

The ATS800 caters to a wide range of sectors, including aerospace, automotive, energy, heavy engineering, and large-scale fabrication, delivering precise measurements, reduced inspection times, and improved traceability. Its design supports integration with automation systems, advanced workflows, and robotic platforms, enabling seamless connectivity with existing metrology software.

Hexagon’s participation at IMTEX Forming 2026 underscores its commitment to the Indian market, supporting manufacturers across industries with innovative metrology and digital solutions that enhance efficiency, quality,

Global digital health innovator Qure.ai today announced that it has received a multimillion-dollar grant from the Gates Foundation to advance health equity by improving access to timely, high-quality diagnostics for some of the world’s most preventable infectious diseases.

The grant will enable Qure.ai to develop a large, open-source, multi-modal global health database aimed at accelerating innovation in disease prevention and early detection. The initiative will support WHO-aligned lung health diagnostic pathways and incorporate non-identifiable clinical histories, medical imaging data—including Chest X-rays, Thoracic Ultrasound, and High-Resolution CT scans—as well as cough and lung sound recordings, and laboratory or biological markers. This comprehensive dataset will empower researchers and innovators worldwide to develop, validate, and refine next-generation AI models for global health impact.

As part of the initiative, Qure.ai will also develop AI-enabled point-of-care ultrasound (POCUS) algorithms to support the early detection of tuberculosis (TB) and pneumonia, two of the world’s deadliest yet preventable and treatable infectious diseases, particularly in under-resourced regions. TB claims approximately 1.23 million lives annually, while pneumonia causes nearly 2 million deaths each year, including 700,000 children under the age of five—despite both diseases being curable when diagnosed early.

Commenting on the development, Prashant Warier, Founder and CEO, Qure.ai, said,

“In our bid to reach the unreachable, we have spent the last decade deploying AI-enabled X-ray solutions in some of the most remote regions of the world—from sub-Saharan Africa to the heights of Everest and rural Southeast Asia—transforming TB detection and diagnosis. This work has reduced diagnosis timelines from 14 days to just 1–2 days, often without a clinician present. With this grant from the Gates Foundation, we are excited to build on this expertise and scale our impact to reach even more communities.”

Dr. Shibu Vijayan, Chief Medical Officer – Global Health, Qure.ai, added,

“By leveraging the latest advancements in digital health and artificial intelligence, Qure.ai is addressing healthcare’s blind spots—bringing high-quality diagnostics within reach of every clinic, health worker, and child, regardless of geography.”

Highlighting the urgency of the initiative, Dr. Justy Antony Chiramal, Project Lead and Clinical Director, Global Health Innovation, Qure.ai, said,

“This grant allows us to build on years of continuous innovation in public health and push the boundaries of what AI can do for global health. By bringing together tuberculosis, pneumonia, and broader lung health priorities—especially for children in low- and middle-income countries—we are addressing an urgent need. A child dies of pneumonia every 43 seconds, a loss that is both unacceptable and preventable, underscoring the critical need for better diagnostics and equitable access to care.”

Qure.ai is a global digital health leader with deployments across 105+ countries and over 4,800 healthcare sites worldwide, supporting the detection and management of tuberculosis, lung cancer, and neurocritical conditions such as stroke through AI-powered solutions.

Novopor Advanced Science expands US footprint with acquisition of FAR Chemical; Strengthens global specialty chemicals platform

Hyderabad & Palm Bay, Jan 23: Novopor Advanced Science Private Limited, a Bain Capital portfolio company and global performance chemicals and material science CDMO, today announced its acquisition of FAR Chemical, a US-based leader in custom and complex specialty chemical manufacturing focused on Electronics, Aerospace & Defense, Coatings & Adhesives and other Specialty Chemicals, from its US parent CPS Performance Materials Group.

The acquisition of FAR Chemical is a key milestone in Novopor’s strategy to build an integrated specialty chemical platform that delivers end-to-end solutions to customers ranging from early-stage process development to commercial scale manufacturing. Integrating FAR Chemical’s deep expertise in complex chemistries and attractive end markets complements Novopor’s existing capabilities and expands its US presence.

“FAR Chemical’s deep expertise in differentiated, complex chemistries and long track record of working with global performance chemical and material science companies make it a strategic fit with Novopor’s mission to drive innovation and deliver custom solutions. This acquisition enhances our ability to support a broader range of chemistries, accelerate time-to-market for new products, and strengthen our presence in key high-growth markets,” said Radhesh Welling, MD of Novopor Advanced Science Private Limited.

“FAR Chemical is a respected operator with a proven track record in complex specialty chemical manufacturing. The combination of FAR Chemical with Novopor strengthens the platform’s technical depth, geographic reach, and ability to support customers across the full product lifecycle. This investment underlines our continued commitment to building market-leading businesses through strategic acquisitions and operational excellence,” said Saahil Bhatia, Partner of Bain Capital.

“FAR Chemical and CPS Performance Materials have established a differentiated platform grounded in deep technical expertise, an uncompromising commitment to safety, and a strong track record of delivering innovative solutions for customers with unique and challenging development needs,” said Justin O’Connor, President of FAR Chemical. “This partnership strengthens our ability to invest in advanced capabilities while maintaining the highest standards of safety and operational discipline and enhances our ability to support customers seamlessly from development through commercial-scale manufacturing. We are proud to join Novopor in building a platform defined by technical excellence, a safety-first culture, and an unwavering commitment to our customers.”

Novopor Advanced Science, backed by Bain Capital, has been executing a strategy of targeted investments and acquisitions to expand its global footprint and technical portfolio. In 2025, Novopor acquired Pressure Chemical Company, a Pittsburgh-based specialty chemical and high-pressure chemistry expert, broadening its development-to-manufacturing capabilities and reinforcing its presence in the US market. Additionally, Novopor inaugurated a state-of-the-art Pilot Plant Facility in Visakhapatnam, designed to bridge early-stage R&D with commercial-scale production and accelerate innovation across agrochemicals, performance materials, and specialty chemicals.

KPMG served as financial advisors, Alvarez & Marsal served as technical advisors, and Honigman LLP, Khaitan & Co and Clifford Chance LLP served as legal advisors to Novopor. Raymond James, Forvis Mazars and Thompson Hine LLP served as advisors to FAR Chemical.

 Bengaluru, India, Jan 23: Samsung, India’s largest consumer electronics brand, today unveiled an early preview of its upcoming cooling innovations, marking a meaningful evolution in how comfort, intelligence and energy efficiency will define modern homes

With the message “The future of AI AC is coming,” the brand is setting expectations for an AC advancement that moves beyond conventional home cooling.

The teaser spotlights the Bespoke AI WindFree™ Air Conditioner lineup, combining advanced AI technology, premium design and smart connectivity to deliver a more refined home cooling experience for Indian conditions

The range will feature WindFree™ Cooling, along with AI Fast & WindFree™ Cooling+, AI Energy Mode, Preventive maintenance and SmartThings integration for optimized performance, better energy management and seamless control.

DSCI Inaugurates Operational Technology Cyber Security Lab in Collaboration with Rockwell Automation to Strengthen Cyber Security Resilience

New Delhi, Jan 22: Data Security Council of India (DSCI), in collaboration with Rockwell Automation, today inaugurated an Operational Technology (OT) Cyber Security Lab at the DSCI premises, Nasscom campus, Noida. The lab was formally inaugurated by Chief Guests Mr Sarit Maheshwari – CEO, NTPC Green Energy Limited and NTPC Renewable Energy Limited; Lt. Gen. Rakesh Kapoor, Former Deputy Chief of Army Staff and Dr R Ranjana, Director, Future Technologies, DRDO in the presence of Mr Stephen Ford, Global CISO, Rockwell Automation; Mr Dilip Sawhney, Managing Director – India, Rockwell Automation; and Mr Vinayak Godse, CEO, DSCI.

The initiative marks a significant step towards strengthening India’s cyber security posture for critical infrastructure, smart manufacturing, supply chain security and industrial environments amid the rapid digitalisation of operational systems.

The OT Cyber Security Lab has been established to address the cyber security risks arising from the increasing convergence of digital technologies and operational systems in industrial and infrastructure environments. The facility is intended to support focused research and experimentation on cyber security challenges specific to OT, with an emphasis on strengthening security practices in real-world industrial contexts.

Inaugurating the lab, Shri Sarit Maheshwari – CEO, NTPC Green Energy Limited and NTPC Renewable Energy Limited, said,

“As we are witnessing a digitally transformed ecosystem, isolated systems until now have converged to more connected systems and security must be incorporated right from the design stage. Am glad to see initiatives such as the OT Cyber Security Lab by DSCI and Rockwell Automation which will pave the way and open access to start-ups for strengthening the OT ecosystem.”

Envisioned as a national-level facility, the lab will enable industry and startups to test and validate cybersecurity solutions against real-world OT use cases in a controlled setting. It will also support training and capacity building by providing hands-on exposure to OT security tools, architectures, and scenarios for professionals working across critical sectors.

Vinayak Godse, CEO, DSCI, said:

“The augmentation of OT Cyber Security Lab reinforces our focus on securing operational technology environments that underpin critical infrastructure and smart manufacturing. The lab will facilitate startups to innovate, test, and validate cybersecurity solutions in real-world OT settings. By providing a controlled environment for experimentation and learning, the facility will help address complex security challenges and enhance national preparedness against cyber threats. I would like to thank Rockwell Automation for working with us and bringing their global expertise in industrial automation and security to support this initiative.”

“As India digitises critical operations, OT resilience becomes a strategic imperative. Securing OT demands visibility, discipline, and continuous validation, and above all, collective action. Cybersecurity is a shared responsibility, and it requires the commitment of companies, industry bodies, and the wider ecosystem to build truly secure and resilient operational environments. Our collaboration with DSCI translates global OT security expertise into actionable, India-ready capabilities, helping organizations assess risk, validate controls, and build resilient operations at scale. This facility advances rigorous testing and training so organisations can better anticipate threats and reduce risk across industries,” said, Dilip Sawhney, Managing Director, Rockwell Automation India 

The lab will bring together industry and startups to enable collaboration on emerging cyber threats affecting OT systems and critical infrastructure. Through this multi-stakeholder engagement, the facility aims to support practical approaches to securing industrial environments and improving national preparedness against OT-focused cyber risks.

Developed in cooperation with Rockwell Automation, the OT Cyber Security Lab has been successfully commissioned and tested, combining DSCI’s ecosystem-building approach with global expertise to deliver this capability for India.