Technology

KPIT Technologies Ltd has announced plans to acquire a 100 percent stake in Israel-based Cymotive Technologies in a deal valued at up to USD 120 million (approximately Rs 1,138 crore). Structured in multiple tranches, the transaction begins with an initial USD 10 million investment in preference capital, expected to close by mid-June 2026. The final valuation will depend on Cymotive’s revenue and EBIT performance.

India’s smartphone market is poised for a slowdown as rising memory component costs disrupt pricing dynamics and consumer demand. According to CyberMedia Research, shipments are projected to decline by 10–12 percent this year, following an earlier 2 percent year-on-year contraction. The surge in DRAM and NAND flash prices has increased production costs, compelling manufacturers to raise retail prices. This, in turn, has dampened upgrade cycles in a price-sensitive market like India.

Apple Inc. CEO Tim Cook has underscored India’s strategic importance, citing sustained double-digit growth and vast untapped potential in one of the world’s largest consumer technology markets. Speaking during the company’s Q2 FY26 earnings call, Cook emphasized India’s position as the second-largest smartphone market and the third-largest PC market globally. Despite strong performance, Apple’s relatively modest market share indicates significant headroom for expansion.

Artificial intelligence is rapidly reshaping India’s employment landscape, with growing evidence suggesting that AI proficiency will soon become a decisive factor in salary growth. Industry estimates indicate that a vast majority of knowledge workers are already leveraging AI tools, while employers increasingly prioritize these capabilities in hiring decisions. Over the next two to three years, sectors such as technology, global capability centers (GCCs), and banking, financial services, and insurance (BFSI) are expected to witness accelerated compensation shifts.

Samsung Electronics is increasingly drawing on its India-based research capabilities to shape global smartphone innovation, with several widely used features originating from its Noida R&D hub. Senior leadership from Samsung Research Institute in Noida confirmed that functionalities such as backup calling and direct voicemail were conceptualized in India and later deployed across global devices.

Oppo has announced plans to launch 12–15 new smartphones in India during 2026, signaling an aggressive product expansion strategy in one of its key global markets. The company also stated that it does not foresee any manufacturing disruptions despite ongoing geopolitical supply chain concerns. India remains a critical growth region, with strong sales momentum, particularly in West Bengal. The brand reported steady double-digit growth in 2025 and an even sharper rise in early 2026.

Shares of India’s largest IT services company declined sharply in early trading after its March quarter earnings fell short of market expectations, triggering a negative investor response. The stock dropped more than 3% on both major exchanges, reflecting concerns over growth visibility and margin pressures in a challenging global environment. Despite its strong market position, the muted performance has raised questions about near-term demand trends in the IT sector.

Technology firm Take Solutions has introduced a Rs 5 crore innovation fund aimed at investing in high-potential startups operating at the intersection of artificial intelligence, deep technology, and the health and wellness sector. The initiative reflects a growing trend among established companies to foster innovation through strategic investments in emerging ventures. By targeting cutting-edge technologies and scalable healthcare solutions, the fund seeks to accelerate innovation while strengthening the company’s long-term growth prospects.

India’s telecom authorities have extended the deadline for implementing SIM-binding requirements for messaging platforms such as WhatsApp, Telegram, and Signal to December 31, following industry concerns. The rule mandates that messaging services function only on devices with an active SIM card, aimed at strengthening user authentication and digital security. Additionally, regulators have relaxed earlier restrictions on web-based access by replacing the mandatory six-hour logout rule with a risk-based mechanism.

India’s data protection ecosystem enters a new phase as the Data Security Council of India (DSCI) appoints Neelam Dhawan as its Chairperson. Succeeding Promod Bhasin, Dhawan’s elevation signals a strategic pivot toward strengthening cybersecurity frameworks and digital trust. With deep industry experience and board-level exposure, her leadership comes at a critical juncture as India accelerates its digital economy ambitions.