Proposed amendments to India’s IT rules have sparked concerns within the tech industry, as reported by Tech-Economic Times. The changes are driving debates on state powers and potential increased costs. The Internet and Mobile Association of India (IAMAI) has expressed worries regarding the National Human Rights Commission’s notice to AI companies about Data Protection and Privacy violations. Meanwhile, Rubrik, a tech company, has made significant strides in India since entering the market in 2017. The company is actively hiring in engineering, product, and design roles. Despite growing adoption, Rubrik faces challenges due to cost sensitivity in the market. Competing with players like CrowdStrike, Cohesity, Veeam, and Commvault, Rubrik reported substantial revenue in FY26, fueled by subscription growth, and is currently valued at over $9 billion.
In a separate development, Indian startups accumulated $10 billion in FY26, with AI playing a central role in their growth. The market is witnessing a notable shift towards AI-first strategies, distinguishing between early-stage and growth-focused companies. Additionally, Unified Payments Interface (UPI) processed a staggering 218.6 billion transactions valued at Rs 284.7 lakh crore in FY26, underlining the rapid digital payment adoption in India.
Source: Tech-Economic Times