Bengaluru’s Tonbo Imaging has fixed a ₹665–700 price band for its ₹852.1 crore offer-for-sale IPO, valuing the thermal-imaging and defence electronics maker at about ₹4,010 crore as public investors weigh a falling topline against India’s defence-indigenisation push.
India’s ₹1 lakh crore Research, Development and Innovation Fund has approved 19 second-level fund managers and committed ₹7,131 crore to deeptech, even as reports on links between beneficiaries and panel members fuel a debate on governance.
Meta Superintelligence Labs has launched Muse Wonder and Muse Wonder Full, its first frontier AI models, claiming benchmark performance comparable to top rivals and leadership on memory, with API pricing of $4 per million input tokens.
Qualcomm’s venture arm has sold a 0.98% stake in listed logistics firm Shadowfax Technologies for about ₹157 crore, completing its exit after an August sale, as early investors book gains on a stock lifted by a sharp rise in profits.
Microsoft vice chair and president Brad Smith has called AI both “a weapon and a tool”, said milk and washing machines face more oversight than AI companies, and argued that the UK, not the US or EU, is best placed to lead on global safety rules.
Honeyjar, the San Francisco startup led by CEO Michelle Masek and CCO Nadia Jamshidi, has launched AI tools that help PR and communications teams plan and run campaigns, drawing 10,000 waitlist sign-ups in 24 hours ahead of TechCrunch Disrupt.
TechCrunch Disrupt 2026 opens at Moscone West in San Francisco, bringing 10,000-plus founders and investors, 300 exhibiting startups and a Startup Battlefield 200 competing for $100,000 and the Disrupt Cup, with AI dominating the agenda.
Google has unveiled the Fitbit Edge, a $179.99 fitness tracker with an OLED display, built-in GPS, seven-day battery and a replaceable battery, positioned between the screenless Fitbit Air and the Pixel Watch as the wearables race intensifies.
The US AI cloud provider will be the sole tenant of three 80 MW buildings at AdaniConneX's Taloja campus, with an option to double capacity to 480 MW and Nvidia Vera Rubin systems due from mid-2028.
The 0.40% merchant discount rate on larger UPI payments, due on October 15, could be pushed to January 1 next year, with an exemption for merchants with turnover up to ₹40 lakh under consideration.