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Reliance To Partner With Assam Government

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Reliance To Partner With Assam Government,Startup Stories,2018 Latest Business News,2018 Best Motivational Stories,Prime Minister Narendra Modi,Union Budget 2018,Reliance CEO Mukesh Ambani,Advantage Assam,#AdvantageAssam,Global Investors Summit,Reliance Invest in Assam Govt

In a bid to work with the plans outlined by Prime Minister Narendra Modi in the Union Budget for 2018, Reliance Chief Executive Officer, Mukesh Ambani said he wants to create a long term plan with the Government of Assam. Attending the inaugural session of Advantage Assam – The Global Investors Summit, Mukesh Ambani addressed the people at the Summit by saying, “Axomor gorbito raaiz, apunaluke mur xuvessa grahan koribo.” (I wish the people of all the very best in everything.)

In his speech, Ambani outlined his plans for a future where Reliance plays a huge role in the development of Assam. Acknowledging the efforts of the Assam Govt, Ambani said, “I was highly impressed when I met the CM of Assam (Sarbananda Sonowal) and his young team. I congratulate the CM for hosting such a big event.”

In his speech, Mukesh Ambani outlined a five point plan for not just Assam, but North East India as well. The plan includes the following points:

1. Reliance will invest an additional Rs. 2.5 crores to increase retail outlets in Assam from 2 outlets to 40. Reliance will also increase the number of petrol pumps in Assam from 27 to 165.

2. Reliance Jio will open new offices in all Tehsils to help farmers, artisans and small businessmen of Assam.

3. Reliance will help in the creation of new livelihood opportunities. 20,000 employment opportunities have already been created, which is also targeted to increase to over 1 lakh.

4. Reliance will partner with the Assam Government to establish a world class center to promote wildlife and tourism in Assam.

5. Indian Super League (ISL) has become a huge success in Assam and will establish a top class football academy in partnership with the Assam Government.

For a while now, Assam has been ignored by the other telecom industries. Reliance realises the potential Assam holds and with the idea of developing a nation that doesn’t have all the required communication facilities, Reliance plans on making Assam a major priority. The Global Investors Summit is happening at the perfect time.

With the budget just a few days old, the government, as well as the service providers, are working on expanding the way they work. Ambani also praised Prime Minister Narendra Modi for his government “presenting one of the best budgets in recent times” by focusing on all segments of the society, including the farmers. Reliance has introduced a strategic plan that helps in facilitating growth the right way and this is exactly what is happening in Assam.

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Artificial Intelligence

Adopt AI Secures $6 Million to Power No-Code AI Agents for Business Automation

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Adopt AI, a San Jose and Bengaluru-based agentic AI startup, has raised $6 million in seed funding led by Elevation Capital, with participation from Foster Ventures, Powerhouse Ventures, Darkmode Ventures, and angel investors. The funding will be used to expand the company’s engineering and product teams and to scale enterprise deployments of its automation platform.

 

Founded by Deepak Anchala, Rahul Bhattacharya, and Anirudh Badam, Adopt AI offers a platform that lets businesses automate workflows and execute complex actions using natural language commands, without needing to rebuild existing systems. Its core products include a no-code Agent Builder, which allows companies to quickly create and deploy AI-driven conversational interfaces, and Agentic Experience, which replaces traditional user interfaces with text-based commands.

The startup’s technology is aimed at SaaS and B2C companies in sectors like banking and healthcare, helping them rapidly integrate intelligent agent capabilities into their applications. Adopt AI’s team includes engineers from Microsoft and Google, with Chief AI Officer Anirudh Badam bringing over a decade of AI experience from Microsoft.

The company has also launched an Early Access Program to let businesses pilot its automation solution and collaborate on new use cases.

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PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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Flam Secures $14M Series A to Revolutionize Mixed Reality Marketing with AI

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AI infrastructure startup Flam has raised $14 million in a Series A round led by RTP Global, with participation from Dovetail and existing investors, bringing its total funding to $22 million. Founded in 2021, Flam enables brands to create and deliver high-fidelity mixed reality (MR) and generative AI experiences without the need for app downloads, allowing consumers to access immersive content via QR codes or links in under 300 milliseconds.

Flam’s platform is already used by over 100 global brands-including Google, Samsung, and Netflix-reaching more than 380 million users. The new funding will accelerate product innovation, expand operations in North America, Europe, and Asia, and launch a full-stack enterprise suite for MR and GenAI-driven marketing. The company currently has over 120 employees and plans to grow to 180 by the end of 2025, aiming to transform every brand touchpoint into an interactive digital experience.

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