Technology,
in perspective.

The companies, products and economics of technology.

Semiconductor engineer, wafer, factory and chip in an ivory and gold conceptual collage.
Technology

Applied Materials commits $5 billion to India’s chip ecosystem

The equipment maker’s India expansion reaches beyond fabs to research, precision suppliers and engineering talent. Turning that network into global orders will take years.

Karthik K Raman·3 min read

Today

Robotic hand, observation lens and documents in an ivory and gold conceptual collage.
Technology

Anthropic’s $2 billion safety plan puts AI’s watchdog inside the lab

Karthik K Raman·4 min read
Server racks and power infrastructure in an ivory and gold conceptual collage.
Business

Karnataka’s 1 GW data‑centre plan hinges on efficiency rules

Karthik K Raman·7 min read
Audio production and listening represented in an ivory and gold conceptual collage.
Startups

Pocket FM wants AI to triple its margin while it takes on new markets

Karthik K Raman·3 min read
Electrolyser modules, storage tanks and solar infrastructure in an ivory and gold conceptual collage.
Business

Brookfield’s $600 million ACME bet enters a shrinking hydrogen pipeline

Karthik K Raman·6 min read
01 / The Index

Technology

Hardware, AI, software and the platforms that carry them.

All Technology →
Unbranded smartphone, payment terminal and Indian city fragments in an ivory and gold conceptual collage.
01

Apple Pay launches in India with one bank

Apple’s September 30 launch starts with eligible Axis credit cards. Repeat use, more issuers and merchant acceptance will decide how far it goes.

Karthik K Raman · 3 min read
THE BREAKDOWN

One chart. One number that matters.

Chart-led pieces that start from a single figure in a filing and follow it all the way through.

Yotta’s India IPO Must Reconcile a $1.5 Billion Raise With Its AI Build‑Out

Karthik K Raman · 6 min read
Yotta funding chart showing a $1.5bn total funding target, a $400mn IPO ceiling and $150mn primary capital raised; separate measures, not additive.
Zepto revenue and adjusted EBITDA in crore rupees: FY24 4,455 and -1,125; FY25 11,110 and -4,522; FY26 22,624 and -5,042.

Zepto’s IPO is a public‑market test of speed, scale... & burn?

Karthik K Raman · 8 min read

Unbranded smartphone, payment terminal and Indian city fragments in an ivory and gold conceptual collage.
Business

UPI’s October 15 fee puts high‑value payments to the test

Selected bank-account-funded payments above ₹2,000 are scheduled to cost merchants up to 0.4% from October 15, 2026. Customers remain exempt.

Karthik K Raman·9 min read
Corporate architecture and financial fragments in an ivory and gold conceptual collage.
Business · The Breakdown

Persistent Just Made the Biggest Acquisition in Its History. So why did it plunge 11% in a Day?

Persistent’s proposed Nagarro acquisition would expand its European business, but its premium and integration costs have raised questions about returns.

Karthik K Raman·4 min read
THE INDEX VIEW

Announcements are the beginning.
We follow what happens after.

More stories

Office worker, robotic hand and corporate architecture in an ivory and gold conceptual collage.
Business · The Breakdown

Indian IT Has Already Chosen Its AI Strategy. Sell the Transformation Instead of Fighting It.

Investors feared AI would disrupt Indian IT. Microsoft said Infosys, TCS and Wipro had each expanded Microsoft 365 Copilot licensing to more than 100,000 employees; TCS reported over $2.3 billion in annualised AI revenue in Q4 FY26.

Karthik K Raman·2 min read
The Week

One email. Saturday morning.
The week that mattered.

The five stories you needed to read, the data point of the week, and what to watch. From Technology Index editors. No ads, no fluff.