Avance Technologies Signs Term Sheet to Acquire Pushpak AI

02 Jan 2026 CW Team

Avance Technologies has recently signed a non-binding term sheet to acquire up to 100 per cent equity stake in Pushpak AI, a Hyderabad-based computer vision and edge AI platform. The proposed transaction marks Avance Technologies' strategic entry into the fast-growing visual intelligence and edge AI ecosystem.

The acquisition, if completed, would enable Avance Technologies to gain full strategic and operational control, allowing deeper integration of Pushpak AI’s intellectual property, platforms and enterprise relationships. The move aligns with rising adoption of computer vision and edge-based analytics across sectors such as manufacturing, infrastructure, smart cities, logistics, retail and industrial automation.

Pushpak AI has established a strong enterprise footprint, with deployments across automotive, infrastructure, manufacturing, logistics, smart city and financial services segments. Its client base includes leading corporates, public infrastructure projects and government-linked institutions, reflecting the platform’s scalability and readiness for mission-critical applications.

The proposed acquisition supports Avance Technologies' focus on building ownership in IP-led technology platforms with proven enterprise adoption, positioning the company to capitalise on long-term growth opportunities in the expanding global AI market.

Company Quote: “The proposed acquisition aligns with our strategy of building ownership in scalable, IP-led technology platforms with proven enterprise adoption. Full ownership will enable deeper integration, faster go-to-market execution and long-term value creation from the rapidly expanding AI and computer vision ecosystem.”

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..