The third edition of IIT Mandi's annual two-day industry conclave - Himalayan Business Summit (HiBS) 2026 highlighted the transformative role of Artificial Intelligence (AI) in reshaping business models, leadership paradigms, and sustainable growth strategies in India. The summit provided students with valuable networking opportunities, mentorship, and insights into emerging business trends and strategies, sharpening their skills and preparing them for future leadership roles

Unicommerce's ‘Catalyst’ is aimed at recovering abandoned checkouts and improving conversions through real-time, human-like conversations. As India’s e-commerce and D2C market expands, abandoned checkouts continue to be a significant source of revenue leakage. Recent studies indicate that the global online shopping cart abandonment rate has grown from around 59% in 2006 to over 70% in 2025, offering brands an opportunity to recover lost sales and potentially increase revenue.

The MoU aims to drive innovation through joint programs, engagement with incubates, and industry partnerships, especially in high‑impact domains. This agreement establishes a scalable, structured yet flexible partnership between UST and IITMIC to identify high‑potential startups, provide them with mentorship and targeted funding, and systematically expand pilots and proof‑of‑concepts, form strategic collaborations, and create go-to-market opportunities.

A new white paper from NTT DATA, a global leader in AI, digital business and technology services, highlights the urgent need to embed sustainability into every layer of AI development and deployment to counteract the technology’s environmental impact. Deploying innovative solutions for sustainable AI is a corporate responsibility and a strategic opportunity to create lasting value, build organisational strength and consume fewer essential resources.

AbhiBus (ixigo’s bus business), one of India’s leading online bus ticketing platforms, has launched an AI-generated Ad campaign as part...

Manforce Condoms, India’s no.1 brand, leading sexual wellness brand under Mankind Pharma, launched its revolutionary television commercial introducing Myra, an AI-powered brand character that represents a paradigm shift in brand communication. The video takes a refreshing approach with the AI model that portrays various evocative emotions like desire, passion, love, infatuation, and temptation that cater to the art of seduction for the target audience.

IIM Raipur continues its legacy of nurturing progressive leadership with its upcoming Management Development Programs (MDPs). With a strong focus on leadership, innovation, digital transformation, and employee well-being, the institute will host 07 programmes under its Executive Education banner. These sessions are designed to equip participants with cutting-edge knowledge, strategic insights, and transformative skills needed in a fast-evolving business landscape.

Cosmo First Limited has selected Snowflake’s AI Data Cloud to build a next-gen centralised data platform by modernising legacy systems, optimising operations, and streamlining data workflows. By choosing Snowflake, the company accelerates its digital transformation journey, making business processes more efficient and enabling various departments across five business units to access real-time insights and make better data-driven decisions.

NTT DATA and Cisco unveiled a new co-sponsored IDC InfoBrief, Wired for Intelligence: A CIO Guide to Enterprise Networking for AI. The study shares strategic guidance for organisations seeking to accelerate transformation by modernising their network infrastructure. As organisations integrate AI into more applications, from manufacturing and healthcare to financial services, the demand for high-speed, low-latency, and secure networks is surging.

Tata Elxsi, a global design and technology services company, today announced a strategic partnership with KAVIA AI, San Francisco-based software 3.0 AI-powered platform, redefining software development with enterprise grade AI. Built to handle millions of lines of code and complex backend systems, KAVIA AI automates the entire development lifecycle, from planning and architecture to development, quality assurance, deployment and maintenance.

“In the next six months, India’s school-going population could make a powerful global statement—that we are home to the world’s largest network of young learners who are not just being introduced to AI, but actively using and applying it. This is the future we are building—bold, tech-savvy, and ready to lead,” said Shri Jayant Chaudhary, Hon’ble Minister of State (Independent Charge), MSDE and Minister of State, Education, Government of India.

“We were the first to run hotel receptions through video conferencing. Once we layered in Voice AI and analytics, guest satisfaction and profit margins surged,” said Kahraman Yigit, CEO & Co-founder, Olive by Embassy. “The tech was too powerful to keep to ourselves so we’re now offering it under Open Hotels. We have already signed 12 hotels and live across Bangalore, Hyderabad, Mysore, Vijayawada and Chikmagalur.” 

Together, Schneider Electric and NVIDIA are advancing R&D initiatives for power, cooling, controls, and high-density rack systems to enable the next generation of AI factories across Europe and beyond. This global partnership, announced during NVIDIA GTC Paris, brings together the world leaders in sustainability and accelerated computing to support the European Union’s AI infrastructure ambitions and its “InvestAI” initiative, which plans to mobilise a €200 billion investment

Ameet Moodbidri, CEO of Moodys, said, “Time-to-market is critical, and meeting that challenge requires the right combination of design, product management, AI, and engineering. Our clients have been asking us to broaden our capabilities, and now with Ascendion we can provide best-in-class AI-led product and engineering for true business impact.”

Mphasis will integrate Sixfold’s AI platform to help insurers accelerate their underwriting process—speeding up submission intake and equipping underwriters with the contextual risk insights they need to make faster, more confident decisions. Designed for Life & Disability, Commercial P&C & Speciality, and Reinsurance, Sixfold reduces review times by more than half and increases GWP per underwriter by enabling smarter, faster risk selection—without sacrificing accuracy.

Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, has released its Trend 2025 Cyber Risk Report, offering insights about India’s vulnerability in the face of evolving cyber threats. Findings reveal that India remains one of the most targeted countries globally across all threat vectors, particularly vulnerable to email and malware threats.

Schneider Electric expands motor control portfolio with launch of TeSys Deca Advanced 115A & 150A in India

The Ministry of Skill Development and Entrepreneurship (MSDE) and Microsoft have signed a Memorandum of Understanding (MoU) to launch AI Careers for Women—a pioneering skilling initiative aimed at empowering women in higher education institutions to pursue careers in Artificial Intelligence (AI).

Mphasis announced the award of a US patent on “System and method for optimised processing of information on quantum systems”

Dr Manish Gupta spoke at the fourth edition of ABP Network's Ideas of India summit in Mumbai on the crucial role of AI in transforming India