We're thrilled to announce that we have raised $234M in the first close of our $300M Series B at a $1.5B valuation.
@HCLTech and @BessemerVP have joined us in this round, alongside continued support from @khoslaventures and @peakxvpartners
For countries and companies, sovereign control on the AI stack is no longer an optionality. Sarvam will be the partner of choice for this aspiration. The capital allows us to accelerate our momentum towards this full stack of models, compute, and deployments.
A huge thank you to our customers, partners, investors, and the Sarvam team for your trust and belief in what we are building. We’re just getting started.
Read more: https://t.co/VmLtpnj8gx
The People’s Bank of China (PBoC) reported a 10t gold purchase in May, the highest since December 2024, pushing total official gold holdings to 2,332t, 9% of total reserves.
https://t.co/VJC0bXoi76
GMR AIRPORTS: CO REPORTS HIGHEST-EVER DOMESTIC TRAFFIC IN MAY & FY27 YTD; TOTAL PASSENGERS, ATMS HIT RECORD LEVELS
GMR AIRPORTS: CO ACHIEVES RECORD CARGO HANDLING OF ~1.1 LAKH MT IN MAY; FY27 YTD VOLUMES HIT ALL-TIME HIGH
Towards the end of Manmohan Singh's government, Indian export intensity was only around 10x Pakistan
Today, Indian export intensity is 25x Pakistan
By 2035 the gap will be 50x
India's overall exports (Merchandise and Services) in May 2026 was USD 81.96 bn as against USD 70.76 bn in May 2025.
India's overall import (Merchandise and Services) in May 2026 increased to USD 92.47 bn as against USD 77.55 bn in May 2025
India's overall Trade deficit (Merchandise and Services) in May 2026 increased to USD 10.51 bn as against USD 6.79 bn in May 2025.
(Source: Commerce Ministry)
Timely reminder to weak kneed Modi government.
Indian support to Baloch & Pashtun nations should reflect the committed & sophisticated approach the West has offered to Ukraine.
UK intercepts India-bound shadow fleet oil tanker 'Smyrtos’
“The unflagged Aframax tanker, carrying 101,400 tonnes of Ural crude from Russia's Ust-Luga Port to India's Sikka Port, was intercepted in English waters..” https://t.co/Azu3ehjtC5
India started work on 3 hydropower projects in Jammu & Kashmir with a combined investment of $3 billion and planned capacity of 2.35 GW.
The NHPC projects include Sawalkot (1,856 MW), Dulhasti-II (260 MW) and Uri-I Stage II (240 MW), enough to meet peak demand for 2.5 million consumers.
Singapore plans to launch a gold-clearing system this year, with banks including JPMorgan and Deutsche Bank set to participate in the city-state’s push to become a hub in the global bullion market https://t.co/Z1EdnTBd9z
India enters the big 5 in manufacturing toppling South Korea. At current growth rates, even considering rupee depreciation, India will displace Japan to become the world's third largest manufacturer (> $1 trillion) by 2029.
Also,
1960: $3 billion -> 2015: $328 billion
2015: $328 billion -> 2025: $781 billion
So India has added as much in manufacturing in the last 10 years as it added in the last 70+ years.
🚨EXCLUSIVE: US Navy ignored desperate calls from Indian crew as sailor fought for life
The crew of MT Celestial repeatedly called the US Navy on VHF Channel 16 on 8 June, desperately reporting severe vomiting bouts of Indian seafarer Nishanth Uirthanathan: ship records seen by Sputnik India.
There was no response. On 11 June, he stopped breathing.
The US Navy is still refusing to allow the corpse to be evacuated.