Handpicked updates about India’s business and the business of India

Five tourists from Gujarat thought they’d pulled off the perfect “restroom break” dine-and-dash at a Rajasthan restaurant, ducking out on a ₹10,900 bill with the classic routine, only to be brought to a standstill by… traffic. The owner and a waiter chased them to the Gujarat border where traffic locked up and the police got in the mix. The group were arrested and the money settled via an online transfer done by a friend. We can already picture the friend eternally asking, bhai paise kab dega mere?

Now, let’s get into the Dispatch! 🚀

Today’s reading time is 6 mins.

Markets 🔔🐂🐻

As of the Indian market closed on Oct 28th  

The Indian stock market was volatile on Tuesday, with the Sensex dropping over 550 points intraday before closing marginally in the red. The marginal loss was mainly due to profit booking on account of monthly expiry and weak global cues.

Technology & Artificial Intelligence
The AI Red Queen Race: Running Fast Just To Stay Safe

Image credits: Medium

In the world of artificial intelligence, standing still is not an option. Technology is evolving faster than we can regulate it—and that’s precisely the problem. Every time lawmakers think they’ve caught up, AI sprints another mile ahead. The race to make AI safer is turning into what experts call a “Red Queen problem”. The Red Queen problem, borrowed from Lewis Carroll’s Through the Looking Glass, perfectly describes this AI moment. In the story, the Red Queen tells Alice that in her world, “it takes all the running you can do to stay in the same place.”

The Regulation Lag: That’s what governments are experiencing today. Governments everywhere are scrambling to contain the unintended consequences of AI from deepfakes to algorithmic bias to rogue chatbots. India has proposed draft rules to tackle deepfakes—a step in the right direction—but the pace of regulation is still sluggish compared to the warp speed at which AI tools are mutating and multiplying. The United States, for instance, continues to take a relatively hands-off approach to AI oversight, trusting the market to self-correct. That might work for innovation, but it’s a risky bet when AI can be misused to manipulate elections or manufacture false realities. India, on the other hand, doesn’t have the luxury of waiting and watching. The scale of its challenge requires faster action.

Running Smarter, Not Slower: To keep up, India and other nations will need regulatory agility, laws that evolve, not ossify. That means continuous monitoring, flexible legal frameworks, and global collaboration to share oversight mechanisms. AI safety can’t be a one-time rulebook; it must be a living, learning process.

Science & Space
A Giant Leap: Building A Home 300 Km Above Earth

Image credits: TOI

India Aims For The Stars: India is dreaming big again and this time it’s aiming for the stars. After Chandrayaan and Aditya, ISRO has now turned its gaze toward an audacious new goal: building India’s very own space station, orbiting roughly 300 kilometers above Earth. The plan marks a defining moment in India’s transition from a satellite-launching nation to a full-fledged space power with a permanent presence in orbit.

From Launchpads To Living Quarters: For decades, ISRO has mastered the art of sending satellites and probes into space. A space station, however, changes the game entirely. It means creating a livable environment in orbit, complete with oxygen, energy systems, waste management, and research modules. It’s not just about sending astronauts, it’s about letting them stay. The proposed station, though still in early stages, is expected to serve as a platform for long-duration experiments, space medicine, microgravity research, and even preparation for deeper space missions—perhaps landing on Mars in the future.

Astronomical Challenges: Building a space home is a massive leap from launching rockets. The engineering challenges alone are staggering, from radiation shielding and docking mechanisms to life-support systems that must work flawlessly hundreds of Kilometers away from Earth, not to mention the cost. While ISRO has built its global reputation on doing more with less, constructing and maintaining a space station will demand sustained funding and perhaps international collaboration. Timing will be crucial too. Global competition in low-Earth orbit is heating up fast, with China’s Tiangong station already operational and private players like SpaceX eyeing similar habitats.

The Sky Is No Longer The Limit: Yet, if there’s one thing India’s space story has shown, it’s perseverance. ISRO isn’t rushing in; it’s building step by step, starting with the upcoming Gaganyaan mission, India’s first human spaceflight, which will lay the foundation for this orbital home.

Business India: Dhanda Hai Yeh!

Image credits: The Federal

OpenAI Makes ChatGPT Go Free In India: The AI giant is making ChatGPT Go free for all Indian users starting November 4, aiming to deepen its hold in the country, its fastest-growing market. The offer includes higher message limits, image generation and uploads, and longer “memory” features.

Airtel Africa Reports Sharp H1 Profit Rise: The telecom operator posted a net profit of US $376 million for the halfyear ended September 30, up from just US $79 million a year earlier. Revenue rose about 24.5% in constant-currency terms, showing the company’s recent focus on digital and financial-services expansion in Africa is paying off.

Dream11 Goes Global, Enters 11 Countries: The fantasy-sports major has rolled out operations in 11 markets such as the United States, United Kingdom, Australia and UAE, a bold move away from its India-centric model. The expansion comes after India’s recent online-gaming regulation disrupted Dream11’s paid-contest model, prompting a pivot to free-to-play formats and advertising support.

Thermo Fisher Expands Bengaluru R&D Hub: Thermo Fisher has doubled down on India’s innovation potential by expanding its Bengaluru centre. The company is investing ₹160 crore to expand its 37,000 sq ft R&D “Centre of Excellence” focused on antibody design, development and manufacturing. Over 100 high-skilled jobs will be created, and the facility will include advanced automation and analytical platforms, firming up Karnataka’s biotech credentials.

MoU With Russia’s UAC For SJ-100 Aircraft: In a landmark move for India’s civil aviation, HAL inked a memorandum of understanding with Russia’s United Aircraft Corporation (UAC) to manufacture the SJ-100 commuter aircraft domestically. The deal gives HAL rights to produce the twin-engine, narrow-body jet for the Indian market and marks the first time a full passenger aircraft will be manufactured in India since the Avro HS-748 era.

India’s Tech Deals Surge In Q3: India’s technology industry hit a turning point in Q3 2025, with US$1.48 billion worth of deals recorded—a 33 % jump quarter-on-quarter. Crucially, the number of high-value deals (over US$50 million) quadrupled, indicating investors are favouring quality over volume in the AI, SaaS and enterprise automation sectors.

Subscribe to keep reading

This content is free, but you must be subscribed to Desi Dispatch to continue reading.

Already a subscriber?Sign in.Not now

Reply

or to participate

Keep Reading

No posts found