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Ram Sukumar, the Chennai-born founder of Indium, has spent decades reshaping the company through market shifts, ownership changes and technology cycles. Now, after bootstrapping the business past $100 million in revenue, he is betting that artificial intelligence will be the force that expands Indium rather than disrupts it.
The Tamil Nadu government will appeal against the acquittal of former DMK minister K. Ponmudy, his son Gowtham Sigamani and five others in the Rs 28.37-crore red sand quarrying case, the Enforcement Directorate told the Madras High Court. The development comes as Ponmudy seeks to quash the money-laundering proceedings, arguing that the acquittal in the predicate offence leaves no basis for the ED case.
The Tamil Nadu government has ordered a daily food allowance of Rs 50 for 24,264 conservancy workers of the Greater Chennai Corporation, replacing the meals currently supplied to them. The move follows a worker survey in which about 92% said they preferred cash support over the existing food scheme, citing persistent complaints over meal quality and delivery.
The Madras High Court has set aside a Chennai sessions court order that took cognisance of an Enforcement Directorate money laundering complaint against alleged drug smuggler Jaffer Sadiq without first hearing him. While quashing that procedural step, the court restored the complaint and directed the lower court to proceed in line with Section 223(1) of the Bharatiya Nagarik Suraksha Sanhita, which requires an opportunity of hearing before cognisance is taken.
IIT Madras, its Research Park and Unicorn India Ventures have announced a first close of Rs 450 crore for a Rs 1,000 crore fund aimed at advanced technology startups, with the final close expected by December 2026. The fund has already deployed nearly Rs 55 crore across four deep-tech startups as it sharpens its focus on sectors seen as strategically important to India's industrial and national security ambitions.
The IIT Madras-led Unicorn Frontier Fund has reached a Rs 450 crore first close, marking a major early milestone for its Rs 1,000 crore deep-tech investment vehicle. Backed by alumni, family offices, institutions, corporates and banks, the fund has already deployed capital into four startups working on rocket engines, air-quality technology, quantum instrumentation and energy storage.
IIT Madras, IIT Madras Research Park and Unicorn India Ventures have announced the first close of their deeptech-focused IITM Unicorn Frontier Fund I at Rs 450 crore, setting up one of India's most targeted early-stage technology vehicles. The fund has already deployed nearly Rs 55 crore across four startups and aims to back 25 companies in sectors ranging from defence tech and spacetech to semiconductors, robotics and healthtech.
The IITM Unicorn Frontier Fund I has reached a Rs 450 crore first close and has already deployed nearly Rs 55 crore into four deep-tech startups spanning space, quantum, batteries and carbon capture. Backed by IIT Madras, IIT Madras Research Park and Unicorn India Ventures, the fund is part of a larger Rs 1,000 crore vehicle designed to bridge the gap between laboratory innovation and commercial scale.
B. Savitha Shri produced another crucial late intervention to keep India alive in the women's title race, defeating Zhai Mo on the fourth board to secure a 2-2 draw against sole leaders China in the penultimate round of the Chess Olympiad at Samarkand. In the open section, India delivered a commanding 3.5-0.5 win over Uzbekistan 2 to stay in sole second place, setting up a tense final-round finish in both events.
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