MAM
India’s AI ambitions hit the high note with Microsoft scholarship surge
MUMBAI: India isn’t just coding the future, it’s rewriting it, line by line, in AI. The country has emerged as one of the top applicant nations for the 1 million dollars Microsoft AI Innovator Global Scholarships, a landmark initiative by Women in Cloud, launched alongside Opulis: Women Powering Microsoft’s Trillion-Dollar Shift.
The collector’s edition coffee table book endorsed by Microsoft and the Microsoft Alumni Network celebrates 50 women tech leaders who have helped steer the company through its transformation into the AI era. But this is more than just glossy pages and golden stories; Opulis doubles up as a career catalyst through its Book-to-Scholarship Model, where every purchase unlocks real AI learning opportunities for aspiring professionals.
Since its launch, the scholarship programme has drawn over 700 applications from 20-plus countries, including Brazil, the US, Nigeria, India, Australia, South Africa, Canada, Kenya, and Egypt. India’s strong showing underscores its growing momentum in AI skilling particularly among young professionals and women technologists eyeing the global digital workforce.
“We’re ensuring that access to AI careers and education isn’t limited to a few, it belongs to everyone, especially women ready to lead India’s digital future,” said Opulis president of women in cloud and executive producer Chaitra Vedullapalli. “Electricity unlocked the industrial revolution, and AI is unlocking quantum progress.”
Through 1,000 Opulis book pre-orders worldwide, Women in Cloud has already unlocked 100 Microsoft AI Certification Scholarships offering learners world-class credentials that can power careers worth Rs 55–60 lakh per annum. The move is projected to create over Rs 60 crore in new economic value annually, translating to about 7 million dollars in wages and an estimated 21 million dollars total economic impact.
The ultimate goal? To ignite 1,000 AI careers by 2030, powered by book sponsorships, corporate grants, and community support proof that storytelling and access can together spark large-scale economic mobility.
Marking Microsoft’s 50th anniversary, Opulis also spotlights five Indian-origin women leaders shaping the company’s AI journey: Chaitra Vedullapalli, Monika Mital Gupta, Aparana Gupta, Sharmila Rathinam, and Nitasha Chopra. Among them, Aparana Gupta, based in India, leads as Director of Engineering and Principal Software Engineering Manager at Microsoft embodying the homegrown excellence the programme seeks to inspire.
Available in hardcover and digital editions across Amazon, Barnes & Noble, and over 4,000 global retailers, Opulis carries a unique promise: every 10 books sold funds one AI Innovator Scholarship, creating a virtuous loop of knowledge, opportunity, and empowerment.
In the end, Opulis isn’t just chronicling women who powered Microsoft’s trillion-dollar shift, it’s scripting a new chapter where Indian women and technologists worldwide can claim their seat at the AI table. And this time, they’re not just participating in the revolution, they’re training it.
Brands
YES Bank hands the keys to SBI veteran Vinay Tonse as it bets on a new era
Former SBI managing director appointed as YES Bank’s new MD and CEO
MUMBAI: YES Bank is done rebuilding. Now it wants to grow. The private sector lender has appointed Vinay Muralidhar Tonse as managing director and chief executive officer-designate, with RBI approval secured and a start date of April 6, 2026 confirmed. The three-year term signals the bank’s intent to shift gears from crisis recovery to full-throttle expansion.
Tonse, 60, is no stranger to scale. Most recently managing director at State Bank of India, he oversaw a retail book of roughly $800bn in deposits and advances, one of the largest in the country. Before that, he ran SBI Mutual Fund from August 2020 to December 2022, a stint that saw assets under management surge from Rs 4.32 lakh crore to Rs 7.32 lakh crore across market cycles. Add stints in Singapore and four years leading SBI’s overseas operations in Osaka, and the incoming chief arrives with a genuinely global CV.
His academic grounding is equally solid: a commerce degree from St Joseph’s College of Commerce, Bengaluru, and a master’s in commerce from Bangalore University.
The appointment follows an extensive search and evaluation process by the bank’s Nomination and Remuneration Committee. NRC chairperson Nandita Gurjar said the committee unanimously backed Tonse, citing his leadership track record, governance credentials and ability to drive the bank’s next phase of transformation.
Non-executive chairman Rama Subramaniam Gandhi was unequivocal. “I am certain that Vinay Tonse, with his vast experience as a senior banker, will propel YES Bank to its next phase of growth,” Gandhi said, adding that the bank remains focused on strengthening its retail and corporate banking franchises and expanding its branch network.
Rajeev Kannan, non-executive director and senior executive at Sumitomo Mitsui Banking Corporation, the bank’s largest shareholder, said Tonse’s experience across retail, corporate banking, global markets and asset management positioned him well to lead the lender. SMBC said it looks forward to working with Tonse and the board as YES Bank pursues its ambition of becoming a top-tier private sector lender anchored in strong governance and sustainable growth.
Tonse succeeds Prashant Kumar, who took the helm in March 2020 when YES Bank was in freefall following a severe financial crisis, and spent six years painstakingly stabilising the institution, rebuilding governance and restoring operational scale. Gandhi was generous: “The bank remains indebted to Prashant Kumar, who is responsible for much of what a strong financial powerhouse YES Bank is today.”
Tonse, for his part, struck a purposeful note. “Together with the board and my colleagues, I remain deeply committed to creating long-term value for all our stakeholders,” he said, pledging to build on Kumar’s foundation guided by his personal motto: Make A Difference.
Beyond the balance sheet, Tonse played cricket at college and club level and represented Karnataka in archery at the national championships — sports he credits with teaching him teamwork, situational leadership, discipline and focus. In quieter moments, he reaches for retro Kannada music, classic Hindi songs, and the crooning of Engelbert Humperdinck, Mukesh and Kishore Kumar.
YES Bank has its steady-handed rebuilder in Kumar to thank for survival. Now it has a scale-obsessed growth banker at the wheel. The next chapter starts April 6.
