Deccan Region Today
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Business
Government of Andhra Pradesh Partners with Calibo to Advance Business Innovation with Bite Size Use Case Leveraging Data and AI
Calibo, a B2B technology company helping enterprises accelerate data and AI innovation, has signed two Memoranda of Understanding (MoUs) with the Government of Andhra Pradesh to advance rapid use case development with AI-ready talent and responsible AI innovation. The partnership will deploy the Calibo AI Academy with APSSDC across 50+ higher education institutions and establish the Calibo AI Innovation Sandbox with RTGS to securely test public-sector AI applications.
Business
Smartsheet Investing in Global Capabilities Centre in India to Accelerate Innovation
Smartsheet, the Intelligent Work Management platform that units people, data and AI, today announced it is expanding its Global Capabilities Centre (GCC) in Bengaluru. The hub is a primary innovation engine for the company, currently employing teams across product management, engineering, UX, IT, security and customer support to design and build enterprise grade, agentic work management tools that transform global customers enterprise AI operations.
Geopolitics
Closure of Strait of Hormuz pushes up polyster fibre price
Polyester fibre price has increased by 12 per kilogram owing to the ongoing conflict in West Asia and the closure of Strait of Hormuz by Iran, according to the Southern India Mills Association (SIMA). According to Durai Palanisamy, chairman, SIMA, the Strait of Hormuz is a key shipping route for oil transport and cargo movement including textile shipments, to Gulf countries the UK and Europe.
Technology
ABB to invest $75 million in India to expand manufacturing, R&D
Global technology major ABB will invest approximately $75 million in India in 2026. This expansion will boost manufacturing and research capabilities across key sectors. The investment supports ABB's local-for-local strategy, strengthening operations and creating over 300 new skilled jobs. This move aligns with India's growing demand for energy transition and infrastructure development.