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Business News Today: Latest Business News, Finance News

Markets’ dilemma: Trust the bark or wag of oil prices The sector call illusion Bandu’s Blockbusters For April 12, 2026 Mastering Derivatives: Does Lag Impact Effectiveness Of OI? Who Am I? April 12, 2026 Index Outlook: Rising From Dire Straits US Market Outlook: Gaining Strength Bullion Cues: Gold And Silver Futures Face Barrier F&O Tracker: Tentative Shift In Trend F&O Strategy: Buy L&T Put Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Iran's new supreme leader Mojtaba Khamenei has severe and disfiguring wounds, sources say No road tax, registration fees for electric vehicles priced up to ₹30 lakh till March 2030: Delhi’s draft EV policy Central Railway to run four special local trains for Ambedkar Jayanti West Asia tensions push up costs for India; further impact hinges on stability: Report ED initiates fresh raids against former Bengal minister Chatterjee in teacher recruitment scam Election Commission reverses Mittal’s DVAC posting, appoints him DGP, TN Armed Police Israel and Lebanon are expected to hold talks. Here’s what to know US, Iran set for peace talks but doubts emerge over Lebanon, sanctions Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Malls, high-streets in NCR clock 45% rise in leasing of retail spaces in Jan-Mar: C&W FIIs pull ₹28,375 crore in five sessions; domestic buyers cushion fall as indices post best week in months Nifty and Bank Nifty Prediction for the week 13 Apr’26 to 17 Apr’26 by BL GURU Proposed Trump arch in Washington DC includes winged figure, eagles, lions and gold inscriptions 'Ladakh' replaces 'Jammu and Kashmir' in Aadhaar records for UT residents Misri ends US trip with focus on civil nuclear cooperation and LPG exports
IndiaAI Mission companies set to advance to next growth s...
Vallari Sanzgiri , Sindhu Hariharan & Sanjana B · 2026-06-23 · via Business News Today: Latest Business News, Finance News
 These efforts have led to the shipping of products such as Prisma v2.5, TTS Models and Speech-to-Speech Modes, with more in the pipeline. “On the funding front, Gnani is well capitalised and profitable,” said Ganesh Gopalan, Co-Founder & CEO, Gnani.ai

 These efforts have led to the shipping of products such as Prisma v2.5, TTS Models and Speech-to-Speech Modes, with more in the pipeline. “On the funding front, Gnani is well capitalised and profitable,” said Ganesh Gopalan, Co-Founder & CEO, Gnani.ai

Current infrastructure provisions under the India AI Mission will carry the companies to the next stages of model development, according to select companies working with the government under the Mission informed businessline.

While companies remain guarded about announcing timelines for their Mission projects, companies like Tech Mahindra said the current infrastructure is sufficient to meet their current goals of creating an educational LLM for India.

“The infrastructure requirements for the project have largely been addressed. We anticipate utilising the planned compute infrastructure more extensively during the model training phase. We believe the project is well-positioned from an infrastructure standpoint to support the next stages of development,” said Nikhil Malhotra, Chief Innovation Officer & Global Head of AI and Emerging Technologies, Tech Mahindra.

The team is currently focused on data preparation, enrichment, and optimization activities, which are critical to improving the model’s overall performance, said Malhotra. Tech Mahindra is focusing on enhancing the model’s performance, expanding its knowledge base, and validating its effectiveness through testing and refinement. This will be done with more linguistic capabilities, additional dialects, and enriched underlying datasets.

Meanwhile, Gnani.AI has deployed its recently acquired capital into three strategic areas: building and refining foundational models, expanding training data at scale, and adding the human capital required to execute this work at the necessary level. These efforts have led to the shipping of products such as Prisma v2.5, TTS Models and Speech-to-Speech Modes, with more in the pipeline. “On the funding front, Gnani is well capitalised and profitable,” said Ganesh Gopalan, Co-Founder & CEO, Gnani.ai

Similarly, Vivek Raghavan, co-founder, Sarvam said the models are also being widely adopted by developers in India, having processed around 10 million API calls daily. Usage has tripled over the last three months since the AI summit.

foundational models

The company has released foundational models in the last few months, all trained from scratch in India including the Sarvam 105B model, Sarvam 30B model, which is optimised for edge deployment and can run on consumer hardware. On the hardware side, the start-up’s Glasses are also in the works.

Experts note that policymakers must now capitalise on the momentum around sovereign AI by fine-tuning AI Mission incentives and linking them to measurable outcomes on a milestone basis.  When asked, S Krishnan, MeitY Secretary, told businessline that the goal is to determine how many models India can afford.

“The harder question now is how the government ensures that this investment translates into real, measurable outcomes. The shift needs to happen from upfront grants to a milestone-based funding model,” said Dr Srinivas Padmanabhuni, CTO of AiEnsured.

Further suggesting that a Public Impact Dashboard should track enterprise adoption rates of sovereign models, open-source contributions, and social impact metrics in a transparent and automated manner.

Published on June 23, 2026