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Citigroup picks up 6.3 % stake in VSNL
MUMBAI: The telecom sector is attracting investments not only in the global market but also in India. Citigroup Inc. has acquired a 6.3 per cent stake in telecom service provider Videsh Sanchar Nigam Ltd (VSNL).
Disclosing this in a filing with the Securities and Exchange Commission, Citigroup has said that it now owns 18.61 million shares of VSNL. The The stake was bought through American Depositary Receipts listed on the New York Stock Exchange.
VSNL expects to see volume growth in voice and data business. The company recently bought out the internet assets of 7 Star, a Mumbai-based cable operator. VSNL also acquired for Rs 750 million Direct Internet Ltd and its wholly owned subsidiary Primus Telecommunications India Ltd to strengthen its broadband presence in the Small and Medium Enterprises (SME) segment.
The phone market is expanding rapidly in India. This has attracted global giants like Vodafone Group which bought a 10 per cent stake in Bharti Tele-Ventures.
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AI Impact Summit ’26: Adobe offers Firefly, Photoshop free to Indian students
Adobe to equip 15,000 schools, 500 colleges with free AI tools
NEW DELHI: Adobe has unveiled a major education-focused investment to expand access to its AI-powered creative and productivity tools for students in India, as the company deepens its alignment with the government’s skilling and creator-economy ambitions.
Announced at the India AI Impact Summit, the initiative will provide applications such as Firefly, Photoshop and Acrobat free of charge to students through accredited higher education institutions across the country. The package includes software access, structured curriculum, training modules and industry-recognised credentials.
The programme supports the government’s ‘Create in India’ vision and the Union Budget 2026 goal of generating two million jobs in the animation, visual effects, gaming and comics (AVGC) sector by 2030.
Working with the government, Adobe said it will make its AI tools and learning resources available at no cost to 15,000 schools and 500 colleges equipped with Content Creator Labs.
Shantanu Narayen, chair and ceo of Adobe, said the move would expand creative opportunity for millions of Indian students while accelerating the prime minister’s vision for a digitally skilled workforce.
Adobe said Firefly integrates creative AI models from partners including Google, OpenAI and Runway, enabling users to generate content using multiple models. Acrobat Pro will support productivity and collaboration tasks such as editing text and images.
Separately, Adobe India has partnered with NASSCOM FutureSkills Prime, a digital skilling initiative backed by the ministry of electronics and information technology, to offer free courses and certifications. The programmes are aimed at preparing students for roles across design, animation, gaming, marketing, media, e-commerce and technology.
