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  tech 5

  AI impact on IT revenue to be more than estimated: Kotak

  (Tech-Economic Times / 2026-03-11 00:30)

  Kotak Institutional Equities forecasts a larger-than-expected 3.0-3.5% revenue decline for Indian IT firms over the next two fiscal years due to accelerated AI and automation adoption, revising down its earnings estimates. While near-term revenue compression is expected, analysts and brokerages like Nuvama believe the industry's long-term relevance remains intact, anticipating that new GenAI opportunities will eventually offset the deflationary impact.

  IT companies acknowledge short-term pressure but see AI as a gateway to larger digital transformation deals, embedding it into traditional contracts and expecting it to drive future growth. Firms like Happiest Minds are raising growth forecasts based on AI strategies, and Nuvama notes that new AI capabilities can command significantly higher billing rates, leading it to upgrade ratings for several major IT stocks.

  The main topics covered are the revised financial impact forecasts on the Indian IT sector from AI adoption, the industry's strategic response to the shift, and the contrasting near-term challenges versus long-term opportunities presented by generative AI.

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  tech 5

  Gulf crisis set to have a major impact on cross-border payments as shipments get delayed

  (Tech-Economic Times / 2026-03-11 00:30)

  Cross-border payments startups in India are facing business disruptions due to shipping delays and cancellations for merchandise exports to Gulf countries and Europe, stemming from the West Asia crisis. Key impacts include delayed payments and a notable effect on sectors like gems and jewellery, particularly for small exporters from the Rajasthan-Gujarat belt.

  While goods exports are impacted, overall payment volumes remain somewhat resilient as services exports continue unaffected. The cross-border payments sector, which has attracted significant venture funding, has seen its growth pressured by these and prior macroeconomic disruptions.

  The main topics covered are the impact of geopolitical conflict on trade and fintech, the specific challenges for India's export and cross-border payments sector, and the structure of the payments industry involving both startups and larger aggregators.

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  tech 6

  Gulf crisis hits restaurants, food delivery, cross-border payments

  (Tech-Economic Times / 2026-03-11 01:32)

  The Iran crisis is disrupting business in India, primarily through a shortage of commercial cooking gas (LPG), which is heavily imported from West Asia. This has forced restaurants to conserve fuel, reduce hours, and consider closures, impacting food delivery platforms as a result.

  Simultaneously, cross-border payments startups are facing disruptions as shipment delays in key routes like the Strait of Hormuz hold up payments tied to goods exports.

  Additionally, the article highlights a significant talent crunch in India's cybersecurity sector, with demand for professionals far outstripping supply.

  The main topics covered are the impact of the Gulf crisis on restaurants and food delivery, disruptions to cross-border payments, and the cybersecurity talent shortage.

• 
  tech 5

  Trump Administration Won’t Rule Out Further Action Against Anthropic

  (Business Latest / 2026-03-11 01:41)

  Anthropic requested the government commit to no further penalties during a court hearing, but the Justice Department declined. The administration is preparing an executive order to ban Anthropic's tools across the federal government.

  The AI startup is suing, alleging unconstitutional sanctions that have caused billions in revenue risk and irreparable harm. A judge scheduled a preliminary hearing for March 24, though Anthropic sought a faster timeline.

  The dispute originated from Anthropic's refusal to allow unrestricted military use of its AI, citing ethical concerns. Legal experts argue the sanctions abuse laws to punish political opponents but note courts often defer to government national security claims.

  Main Topics: Legal battle between Anthropic and the Trump administration, government sanctions and impending ban, business impact on Anthropic, origins in ethical AI/military use debate, constitutional and legal expert opinions.

• 
  tech 5

  Google brings Gemini in Chrome to India

  (TechCrunch / 2026-03-11 02:30)

  Google is expanding the integration of its Gemini AI assistant into the Chrome browser to new regions, including India, Canada, and New Zealand. The feature, accessible via a sidebar on desktop, allows users to ask questions about webpage content, summarize information, and get answers using data from their Google apps like Gmail and Drive.

  The rollout includes support for several Indian languages and introduces functionalities like comparing content across tabs, composing emails, summarizing YouTube videos, and using an AI image tool called Nano Banana 2. Gemini support is also coming to Chrome for iOS in India.

  However, more advanced "agentic" capabilities that can autonomously perform browser tasks are not included in this expansion and remain limited to certain U.S. users.

  Main Topics: Gemini AI expansion in Chrome, new regional and language support, key features and functionalities, limitations on advanced capabilities.

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  tech 5

  Paras Chopra’s Lossfunk gets AI models to speak Tulu through prompts, not training

  (Tech-Economic Times / 2026-03-11 02:37)

  AI research lab Lossfunk has developed a prompting method that enables large language models to generate text in Tulu, a low-resource Indian language, without prior training on it. The technique uses a detailed, multi-layered prompt incorporating grammar rules and negative constraints to avoid words from dominant languages like Kannada.

  This approach achieved up to 85% grammatical accuracy across several major AI models, a significant improvement from an initial 18% accuracy with high language contamination. The success suggests the models are applying the provided linguistic structure rather than memorizing data.

  The development could serve as a template for incorporating other underrepresented languages into AI systems, potentially bypassing the need for expensive data collection and specialized model training.

  Main Topics: AI research, low-resource languages, prompt engineering, Tulu language, grammatical accuracy, AI adoption in India.

• 
  tech 5

  US Stock Market | SoftBank's PayPay plans to price US IPO around low end of range, sources say

  (Tech-Economic Times / 2026-03-11 02:46)

  SoftBank's PayPay IPO is likely to price at the low end of its $17-$20 per share range due to market volatility from the Middle East conflict, targeting a valuation of up to $13.4 billion. The offering's book was covered more than five times before closing, with final pricing expected after U.S. markets close on Wednesday.

  The IPO process has faced multiple delays, including a previous postponement during a U.S. government shutdown and a recent roadshow delay due to the same geopolitical tensions.

  PayPay, a Japanese digital payment app that has encouraged cashless transactions, plans to list on the Nasdaq under the symbol "PAYP".

  Main Topics: PayPay IPO pricing and valuation, geopolitical impact on financial markets, delays in the IPO process, PayPay's business role in Japan.

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  tech 5

  ChatGPT, other AI chatbots approved for official use in US Senate: NYT

  (Tech-Economic Times / 2026-03-11 02:46)

  The U.S. Senate has approved the official use of three AI chatbots: Google's Gemini, OpenAI's ChatGPT, and Microsoft Copilot. These tools are already integrated into Senate platforms and can now be used by aides for their work.

  Microsoft confirmed it is looking into the approval, while Google and OpenAI did not immediately comment on the report.

  The main topics covered are the Senate's approval of specific AI tools, the integration of these tools into government systems, and the companies' responses to the policy change.

• 
  tech 5

  Microsoft files amicus brief in support of Anthropic's lawsuit with US DOD

  (Tech-Economic Times / 2026-03-11 02:55)

  Microsoft has filed a legal brief supporting Anthropic's lawsuit to block the U.S. Department of Defense from designating the AI startup as a supply-chain risk. Microsoft states it is directly impacted by this designation, which would place Anthropic on a national security blacklist.

  The company argues a temporary restraining order is necessary to prevent costly disruptions for suppliers, including Microsoft, who rely on Anthropic's products and would otherwise face the burden of rapidly rebuilding their offerings.

  The main topics covered are the legal dispute between Anthropic and the Pentagon, Microsoft's involvement in support of Anthropic, and the potential business impacts of the Defense Department's supply-chain risk designation.

• 
  tech 5

  Halo trade reshapes Wall Street portfolios. Is China set to lead the heavy-asset era?

  (Tech - South China Morning Post / 2026-03-11 03:00)

  A new investment strategy called "Halo" (heavy assets, low obsolescence) is gaining momentum on Wall Street. Investors are rotating from tech stocks into companies with substantial physical assets, driven by fears over AI disruption, geopolitical tensions, and inflation.

  The strategy focuses on firms owning large, hard-to-replicate infrastructure or resources with stable business models less vulnerable to technological change. The theme was recently coined by an investment CEO and later amplified in a report by Goldman Sachs.

  Main topics: The rise of the "Halo" investment theme, the shift from tech to heavy-asset stocks, and the driving factors including AI, geopolitics, and inflation.

• 
  tech 5

  Snabbit seeks fresh funding at $450 million valuation as house-help market expands

  (Tech-Economic Times / 2026-03-11 03:33)

  Snabbit, a Bangalore-based household-services app, is in talks for a Series D funding round at a valuation of approximately $450 million. This reflects strong investor interest in India's online home-services market, which is projected to grow significantly but is currently dominated by informal, offline arrangements.

  The company operates in a rapidly expanding sector targeting India's middle class, though it currently operates at a loss as it builds supply for anticipated demand. Key challenges for the industry include potential gig-work regulations and the need to navigate India's congested urban landscapes to provide fast service.

  The main topics covered are Snabbit's funding and valuation, the growth potential and current state of India's home-services market, the operational model and challenges of the platform, and the competitive landscape.

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  tech 5

  China moves to curb use of OpenClaw AI at banks, state agencies: Bloomberg

  (Tech-Economic Times / 2026-03-11 04:38)

  Chinese government agencies and state-owned enterprises, including major banks, have been instructed not to install OpenClaw software on office devices due to security concerns. The directive was reported by Bloomberg News, citing unnamed sources familiar with the matter. Reuters noted it could not independently verify the report at the time.

  The main topics covered are a reported Chinese government ban on specific software (OpenClaw) for security reasons and the sourcing of this news report.

• 
  tech 4

  Nursing education startup Nprep raises $1.5 million from Lumikai

  (Tech-Economic Times / 2026-03-11 04:54)

  Nprep, a nursing exam preparation startup founded by AIIMS Jodhpur alumni, has raised $1.5 million in seed funding from Lumikai. The company will use the capital to scale its AI-powered, video-first learning platform, expand content, and reach more candidates across India.

  The startup aims to address a gap in a market dominated by offline coaching and static resources, offering personalized study plans and adaptive learning. It highlights strong demand due to India's large nursing workforce and the significant salary increase associated with passing government exams.

  The platform reports rapid adoption, with over 100,000 users consuming millions of minutes of video and answering tens of millions of questions since its launch.

  Main Topics: Startup funding, nursing education technology, exam preparation market, AI-powered learning platform.

• 
  tech 5

  Google announces new built-in AI features to Chrome in India; adds support for 8 Indic languages

  (Tech-Economic Times / 2026-03-11 05:35)

  Google has announced the integration of its Gemini AI features into the Chrome browser for users in India, following the US rollout. The features, built on the Gemini 3.1 model, include a browsing assistant that can summarize web content, help with tasks, and compose emails without requiring users to switch tabs.

  The update includes support for over 50 languages, with specific emphasis on several Indic languages like Hindi, Bengali, and Tamil. The AI-enhanced browser aims to make the browsing experience more intuitive, efficient, and helpful.

  The new features will be available first on desktop and iOS platforms. Google highlighted India's strategic importance as one of the first markets for this AI transformation.

  Main Topics: Google Chrome AI integration (Gemini), India market rollout, multilingual support (Indic languages), specific AI features (summarization, in-browser assistant, email composition), and platform availability (desktop/iOS).

• 
  tech 5

  Paytm says NPCI’s RuPay UPI fee cut affects only consumer app revenue, not merchant earnings

  (Tech-Economic Times / 2026-03-11 06:12)

  The NPCI has reduced fees for third-party apps processing RuPay credit card transactions via UPI, effective April 2026. Paytm's parent company states this change only affects revenue from consumer-facing UPI apps and will have a minimal financial impact, as most of its payment revenue comes from merchant transactions.

  The company is focusing on promoting higher-margin products like Paytm Postpaid and EMI to boost monetization. This strategy aligns with its recent return to profitability, as evidenced by its Q3 FY26 net profit of Rs 225 crore and 20% revenue growth.

  A Bernstein report notes Paytm is ahead of rival PhonePe in monetization and has achieved profitability through greater cost control, while PhonePe remains loss-making.

  Main Topics: NPCI fee reduction for RuPay credit card UPI transactions, Paytm's financial performance and revenue sources, comparison with competitor PhonePe.