Business Economy


Telangana Govt to set up AI Innovation Hub in Hyderabad

Hyderabad, Oct 11 (UNI) Telanana Chief Minister A Revanth Reddy on Saturday discussed the plans towards establishing an AI Innovation Hub in the city.
Revanth Reddy, who reviewed development plan for proposed T-Square & AI Hub along with Minister for IT and Industries Sridhar Babu here, said the idea is to integrate all existing AI initiatives, startups and Centres of Excellence under one umbrella, and also to collaboration with global companies, research institutes and international AI hubs.
Minister Sridhar Babu emphasised on the need to create a fund of funds to advance the state's vision of AI-based innovation and supporting startups.
He stressed on the government's adoption of an innovation driven strategy to drive growth in the age of artificial intelligence.
Since 2024, the government took up several AI initiatives as part of a larger goal to position Telangana as a leading global destination for AI.
The AI City project plan was announced at the Global AI Summit held in September last year, , the Telangana AI Rising Grand Challenge was held and an AI catalyst program was organised for the state government officials.
Besides, the Telangana Data Exchange (TGDeX), India's first state-led digital public infrastructure was launched.
Skilling is a crucial part of the exercise to unify all AI assets of Telangana. The state government is already making efforts to create a dedicated AI university to provide AI skill training to students and workforce.
Special Chief Secretary Jayesh Ranjan, Special Chief Secretary Sanjay Kumar, OSD to CM Vemula Srinivasulu, TGIIC MD K. Shashanka, Deputy Secretary Bhavesh Mishra, T-Fiber MD Venu Prasad, and other officials attended the meeting.
UNI KNR RKM
More News

HIPLEX 2026 to showcase latest plastics technologies in Hyderabad from Aug 7

14 Jul 2026 | 9:14 PM

Hyderabad, July 14 (UNI) The Telangana and Andhra Plastics Manufacturers Association (TAAPMA) will organise HIPLEX 2026, one of India's largest international plastics exhibitions, at the HITEX Exhibition Centre here from August 7 to 10.

see more..

Stock Markets end in red led by surge in crude oil prices, weak global cues

14 Jul 2026 | 7:36 PM

New Delhi, July 14 (UNI) The Indian Stock Markets on Tuesday ended sharply lower led by a surge in crude oil prices following escalating tensions and weak global market cues.

see more..

Xebia launches AI-ready data platform Xebia Axis

14 Jul 2026 | 6:09 PM

Bengaluru, July 14 (UNI) Xebia, a global AI-first digital transformation and engineering company, on Tuesday launched Xebia Axis: Agentic Data Foundation, a platform aimed at helping enterprises modernise their data infrastructure and accelerate artificial intelligence (AI) adoption.

see more..

Aditya Birla group to buy Shell's Sprng Energy for Rs 17,200 cr

14 Jul 2026 | 6:05 PM

Mumbai, July 14 (UNI) Aditya Birla Renewables Limited (ABRen), a subsidiary of Grasim Industries Ltd has officially announced the signing of a definitive agreement to acquire 100% equity shares and securities of Solenergi Power Private Limited, which owns the Sprng Energy group of companies, from Shell Overseas Investment B.V., which is a wholly-owned subsidiary of Shell PLC.

see more..

Aditya Birla Group to buy Shell's Sprng Energy for Rs 17,200 Crore

14 Jul 2026 | 6:02 PM

Mumbai, Jul 14 (UNI) Aditya Birla Renewables Limited (ABRen), a subsidiary of Grasim Industries Ltd, has officially announced the signing of a definitive agreement to acquire 100% equity shares and securities of Solenergi Power Private Limited, which owns the Sprng Energy group of companies, from Shell Overseas Investment B.V., which is a wholly-owned subsidiary of Shell PLC.
According to the official statement, this transaction is amongst the largest acquisitions in India’s renewable energy sector both by value and scale.

see more..