Punjab National Bank (PNB) has signed an MoU with the Andhra Pradesh government to establish the 'PNB Quantum Finance Hub' at the Amaravati Quantum Valley (AQV) in Amaravati.
This initiative marks the first bank-led Quantum Finance Hub in India, making PNB the first bank to partner with a state government to set up a dedicated Quantum Finance Facility.
The Centre for Development of Telematics (C-DOT) has signed an MoU with the IIT Hyderabad to advance research and innovation in next-generation communication technologies.
Under this collaboration, C-DOT is establishing a Centre of Excellence (CoE) at the campus. This marks the 4th CoE established by C-DOT, following those at IIT Kanpur, IIT Gandhinagar, and IIT Roorkee.
Jainendra K Jain, an Indian-born theoretical physicist, has been honoured with the prestigious Wolf Prize 2025 in the Physics category. He is the first Indian-born theoretical physicist to receive this honour, recognised for his 1989 discovery of composite fermions.
In the Physics category, the prize was jointly awarded to James P Eisenstein (USA), Jainendra K Jain (India/USA), and Mordehai Heiblum (Israel) for their contributions to the study of two-dimensional electron systems and composite fermions. Each category carries a diploma and a cash prize of $100,000.
The Council of Scientific and Industrial Research (CSIR) organized a 'Technology Transfer and Bharatiya Nirdeshak Dravya (BND) Release Function' at its headquarters in New Delhi.
During the event, 7 indigenous technologies developed by the CSIR-National Physical Laboratory (CSIR-NPL) and the CSIR-Central Road Research Institute (CSIR-CRRI) were transferred to the industry to promote commercialisation. Additionally, 10 BND reference materials were released, and 5 vapor cells for quantum sensing applications, developed by CSIR-NPL, were handed over.
Union Minister Ashwini Vaishnaw has inaugurated a 20 kW Akashvani FM transmitter in Jaisalmer, Rajasthan, to upgrade communication capabilities along the India-Pakistan border.
He also announced the establishment of an Advanced Quantum Computing and Quantum Communications Lab and a dedicated AI Lab at the Malaviya National Institute of Technology (MNIT) in Jaipur.
Microsoft has unveiled “Majorana 2”, its second-generation topological quantum computing chip developed using its agentic AI platform, “Microsoft Discovery”.
The prototype features 12 topological qubits as a model for scalable systems, with the company aiming to develop commercially viable quantum systems by 2029. Additionally, Microsoft has introduced “Scout”, an AI-powered Microsoft 365 assistant designed to autonomously manage schedules, emails, and meetings.
The Andhra Pradesh government, in collaboration with the Small Industries Development Bank of India (SIDBI), has announced the launch of an angel fund through the Ratan Tata Innovation Hub (RTIH) in New Delhi.
The initiative aims to make the state a hub for deep-tech innovation by providing startups with early-stage funding, industry access, ecosystem support, and global scaling opportunities.
RBI has issued final amendment directions for Urban Co-operative Banks (UCBs) and Rural Co-operative Banks (RCBs), mandating a 3-year cooling-off period for directors who have completed a continuous tenure of 10 years on the board.
RBI has also established an 8-member expert panel under the Quantum Secure and Adaptive Financial Ecosystem (Q-SAFE) initiative to evaluate the risks posed to the financial system by the adoption of quantum technology. The panel is led by Anil Prabhakar, a professor at the IIT Madras, who serves as the convener.
World Quantum Day: Day – April 14; Observed since – 2022; Symbolising – 4.14 (April 14), which is the value of Planck’s constant
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