Microsoft vaulted past the $4 trillion market-capitalization milestone on July 31, becoming only the second U.S. company after Nvidia to reach this valuation as AI enthusiasm swept through equity markets. Shares jumped 5.3% on the back of stronger-than-expected fiscal Q4 results, with revenue climbing 18% year-over-year to $76.44 billion and net income rising 24% to $27.23 billion, while earnings per share of $3.65 beat analysts’ $3.37 consensus. 

The company’s Intelligent Cloud segment, led by Azure, delivered 39% revenue growth, pushing full-year Azure sales past $75 billion—a 34% increase—and underscoring cloud and AI as core growth drivers. CEO Satya Nadella emphasized that “Cloud and AI is the driving force of business transformation across every industry and sector,” reflecting momentum from strategic AI investments, including the partnership with OpenAI and proprietary model development. 

Microsoft’s share gains helped propel the Nasdaq Composite up 1.3% to 21,396 and the S&P 500 higher by 0.8%, with the Dow Jones Industrial Average adding 0.3%. Looking ahead, record capital expenditures of $30 billion slated for AI infrastructure and data-center expansion, combined with deep integration of generative AI across Microsoft 365 via Copilot, position the company to sustain market-cap expansion as enterprises accelerate digital transformation.

Bangalore’s Yali Capital has closed its first deeptech-focused fund, raising a substantial ₹893 crore (about $104 million) and surpassing its initial ₹500 crore target. This major fundraising milestone highlights the growing appeal and investor confidence in India’s deeptech landscape, fueling innovation in pivotal sectors like semiconductors, artificial intelligence, robotics, aerospace, genomics, and smart manufacturing. The fund cements Yali Capital’s position as a key player driving progress in India’s burgeoning tech ecosystem.

Strategically, Yali Capital’s fund targets both early-stage (Seed, Series A) and later-stage (Series D and beyond) startups. Its diverse roster of Limited Partners (LPs) includes prominent corporations such as Infosys, Qualcomm Ventures, and Tata AIG, alongside government-backed organizations like the DPIIT Fund of Funds for Startups and the Self-Reliant India Fund. With heavyweight backers like Kris Gopalakrishnan (Infosys co-founder), Gopal Srinivasan (TVS Capital), and Utpal Sheth (RARE Enterprises), Yali Capital ensures robust strategic support. The firm’s dual structure—a SEBI-registered Alternative Investment Fund (AIF) and a GIFT City-based feeder vehicle—enables global investor participation, guided by tech luminary Lip-Bu Tan and managing partner Ganapathy Subramaniam.

Already, Yali Capital has invested in five breakthrough startups, including C2I Semiconductor, 4baseCare, and Perceptyne, focusing on chip design and AI. By devoting two-thirds of its fund to early-stage companies, Yali Capital underscores its commitment to nurturing next-generation Indian deeptech founders. This fundraising success aligns with a nationwide trend of surging investments in advanced technology and positions Yali Capital at the forefront of India’s drive toward self-reliance and global tech leadership.

Founded in 2019 by Priyanka Singhal and based in Bangalore, Ammunic Systems is a leading Indian defence technology startup specializing in the design and development of advanced fuzing systems and warheads for military applications. Drawing on Priyanka’s experience with DRDO, the company is dedicated to delivering high-precision munitions, electronic fuses, thermobaric explosives, and next-generation warheads—enhancing the safety, accuracy, and effectiveness of defence systems. Ammunic Systems has already secured key partnerships with the Indian Army and Navy, leveraging AI and robotics to modernize India’s military capabilities and position itself as a pioneer in smart, autonomous weaponry.

Recently, Ammunic Systems raised $1.1 million in a crucial seed funding round, a move celebrated as a strong endorsement of India’s indigenous defence innovation sector. This capital injection will accelerate both research and development of cutting-edge military technologies and the expansion of manufacturing operations to meet the needs of India’s armed forces. The company is also committed to the ethical deployment of AI-powered defence systems, ensuring compliance with international humanitarian standards while pushing the boundaries of modern warfare technology.

This investment arrives amid India’s “Aatmanirbhar Bharat” (self-reliant India) initiative, which has significantly boosted domestic investment in defence startups. Ammunic Systems is now well-positioned to strengthen the country’s strategic autonomy, reduce reliance on foreign imports, and drive the modernization of India’s defence ecosystem. With this latest funding, Ammunic Systems is set to play a central role in advancing homegrown defence solutions, supporting India’s journey toward self-sufficiency and leadership in military technology innovation.