India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Also Read: Anand Mahindra posts electric SUV video: 'Don't try without supervision' Among the three, the one that got the most attention was the one paying homage to the iconic Coca-Cola Christmas ads from 1995, "Holidays Are Coming." This one features red delivery trucks with Christmas lights and pictures of Santa Claus, with two shots of smiling customers, one holding a bottle of Coke. The problem was that the shots were incredibly fast, and the ad seemed to be in such a rush to get over that there was barely any time for the viewer to register what was going on. One of the reasons why people reacted so negatively to the ad was that Coca-Cola in the US is closely associated with the festive spirit. The report added that this is so much the case that Coca-Cola is often credited with creating Santa Claus' red-and-white suit, which isn't true, but that it did help popularize the color scheme. Other issues include messy details like truck wheels gliding across the ground without spinning, distorted proportions, and nonsensical shapes of Christmas lights and buildings. These new AI-made ads were created by three AI studios which were Secret Level, Silverside AI and Wild Card. They used the generative AI models Leonardo, Luma and Runway, with a new model, Kling, brought in towards the end of production. Also Read: Nvidia's new AI tool can create sounds never heard before, could revolutionise music Coca-Cola instead of recognising this as a mistake, justified it by stating that it "remains dedicated to creating the highest level of work at the intersection of human creativity and technology," to the New York Times. "The Coca-Cola Company has celebrated a long history of capturing the magic of the holidays in content, film, events, and retail activations for decades around the globe," the New York Times report quoted a spokesperson as saying. "We are always exploring new ways to connect with consumers and experiment with different approaches." Some dismissed the ads as a poor attempt to cheapen labor and kill jobs. The Forbes report quoted Megan Cruz of The Broad Perspective Pod as writing, "This is always what [AI] was going to be used for btw. It's not some great equalizer. It's a way for already massively wealthy execs to add a few more mil to their annual bonuses by cutting creative teams entirely & having a machine vomit up the most boring slop imaginable instead." Similarly, Gravity Falls creator Alex Hirsch was also quoted to have joked that Coca-Cola was red because it is made "from the blood of out-of-work artists."
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...Read More >
CHENNAI: National security advisor Ajit Doval on Friday challenged the foreign press "to show even one image" of the damage to the Indian side during Operation Sindoor. Speaking at the 62nd convocation of IIT Madras, Doval said: "We decided to have nine terrorist targets in the criss-cross of Pakistan; they were not in the border areas. We missed none. We hit nowhere else except that. It was precise to the point where we knew who was where. The entire operation took 23 minutes, starting five minutes past one and ending 28 minutes past one (on May 8)."The NSA said: "Foreign press said that Paki ...Read More >
AMD sees India as a key market. Reliance Jio is using AMD's GPUs in its data centers. Both companies are working on future plans. AMD aims to support India's sovereign AI capabilities. The company is collaborating with various large players in India. AMD also emphasizes its open ecosystem and collaborative approach.India is a "super important" market for AMD and the largest telco Reliance Jio is among the customers using the graphic processing units (GPUs) in its data centres, a senior official has said. The company, which has around 8,000 employees here, considers India as a key hub from an ...Read More >
Mumbai: HCL Technologies on Monday announced that it has reported a 10 per cent decline in its consolidated net profit for the first quarter (Q1) of FY26 at Rs 3,843 crore, compared to Rs 4,257 crore in the same quarter the previous year (Q1 FY25). Despite the drop in profit, HCL Tech posted an 8 per cent year-on-year (YoY) growth in its revenue from operations, which rose to Rs 30,349 crore from Rs 28,057 crore in Q1 FY25, according to its stock exchange filing. On a sequential basis, the topline saw a marginal increase of 0.3 per cent from Rs 30,246 crore in the previous quarter. The IT ma ...Read More >
NEW DELHI: Worldwide IT spending is expected to total $5.43 trillion in 2025, an increase of 7.9 per cent compared to 2024, a report said on Thursday. While there is a slowdown in business due to the ongoing geopolitical scenario, the spending on AI-oriented infrastructure would lead to spending in the IT sector, Gartner, an IT consultancy firm, forecasted in its recent report. "While there is a business pause on net-new spending due to a spike in global uncertainty, the effect is subsumed by ongoing AI and generative AI (GenAI) digitisation initiatives, " said John-David Lovelock, Distingui ...Read More >
New Delhi: Nvidia's CEO Jensen Huang has announced that the company got the green light from the Trump administration to sell its advanced H20 computer chips, key for artificial intelligence, to China. This is a big turnaround -- just a few months ago, the government had blocked these chips from China as part of its ongoing tech restrictions meant to limit China's access to the most powerful AI technology. The approval follows intense lobbying by Nvidia, which warned that the ban would cost it an extra $5.5 billion and cut it off from a huge chunk of its business in China and Hong Kong (which ...Read More >
MUMBAI: The iconic veteran singer Asha Bhosle and the maestro of melody, Sonu Nigam, are uniting for their first and final live performance at the Coca-Cola Arena in Dubai on December 29, 2024. This extraordinary live concert will bid farewell to 2024 and welcome 2025, celebrating decades of timeless music and unforgettable memories. A once-in-a-lifetime collaboration for UAE music enthusiasts, the event promises an unforgettable night. Organized by Asia's leading live entertainment company PME Entertainment and presented by BNW Developments & Burj Mayfair Real Estate this high-profile intern ...Read More >
Vijayawada: Chief Minister Nara Chandrababu Naidu has announced that with the support from NVIDIA for curriculum and training, 10,000 engineering students will receive skill training in the next two years. Naidu said in a post on 'X' on Saturday, "Andhra Pradesh is welcoming bold initiatives to lead India's AI revolution. Under the leadership of Minister for IT Nara Lokesh, we have entered into an MoU with NVIDIA to build a strong and inclusive AI ecosystem in the state. As many as 500 AI startups from AP will gain access to its Inception Programme for global exposure and key resources." "Fu ...Read More >
New Delhi: Nearly half of the students surveyed in Delhi's higher education institutions use Artificial Intelligence tools several times a week, with 23% reporting daily use and 21% using them several times a month. AI was used most frequently for research, with 84% saying they rely on AI for academic purposes, followed by writing at 76% and learning complex subjects at 68%.However, barriers to adoption remain significant, with 47% attributing limited AI use to lack of awareness and 45% citing limited knowledge on how to use them effectively. The findings are part of a new study by the Centre ...Read More >
New Delhi, July 17 (SocialNews.XYZ) Worldwide IT spending is expected to total $5.43 trillion in 2025, an increase of 7.9 per cent compared to 2024, a report said on Thursday. While there is a slowdown in business due to the ongoing geopolitical scenario, the spending on AI-oriented infrastructure would lead to spending in the IT sector, Gartner, an IT consultancy firm, forecasted in its recent report. "While there is a business pause on net-new spending due to a spike in global uncertainty, the effect is subsumed by ongoing AI and generative AI (GenAI) digitisation initiatives," said John-D ...Read More >
Bengaluru, India (OTE) - Leveraging Infosys Topaz and Google Cloud technology, the center of excellence will foster co-innovation to deliver transformative AI-powered solutions Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the launch of a Google Cloud center of excellence, powered by Infosys Topaz, to foster enterprise AI innovation. The center will serve as a catalyst for co-creation and help businesses harness the power of generative AI to achieve transformative growth. Infosys and Google Cloud share a s ...Read More >
New Delhi, Jun 29 (PTI) Indian IT majors are aggressively repositioning themselves as AI-native firms, focusing on high-margin applications and integration over high-risk, capital-intensive foundational research. A deep dive into the FY25 annual reports from the industry behemoths --- TCS, Infosys, Wipro, and Tech Mahindra -- indicates that in the global AI race, India's tech titans are not competing to invent foundational AI, they are positioning themselves to become premier integrators of it. The shift from general digital transformation to a specific AI focus is captured in the very title ...Read More >
New Delhi, Jun 30 (PTI) HCLTech on Monday announced a multi-year deal with OpenAI to enable its customers to leverage the tech giant's AI offerings and drive enterprise-scale AI adoption. HCLTech, becoming one of the first strategic services partners to OpenAI, will roll out ChatGPT Enterprise and OpenAI APIs internally to provide its employees with secure, enterprise-grade generative AI tools, according to a company statement. Also Read | Gold Rate Today, June 30, 2025: As Gold Price Continues To Decline, Check Prices of Yellow Metal in Mumbai, Delhi, Bengaluru, Chennai and Other Metro Citi ...Read More >
Amaravati: Andhra Pradesh IT and Human Resources Development Minister Nara Lokesh on Friday hailed the successful implementation of the state-wide 'Mega Parent-Teacher Meeting (PTM) 2.0' programme. Expressing gratitude to all stakeholders, he credited the collective efforts of government and private schools, colleges, education officials, staff, headmasters, teachers, students, parents, donors, alumni, public representatives, and officers from various departments for making the event a success. ...Read More >
July 17 (Reuters) - Futures tracking the Nasdaq and the S&P 500 rose on Thursday, as strong results from Taiwan's TSMC boosted chipmakers after a rollercoaster session marked by concerns about the Federal Reserve's independence. At 5:45 a.m. ET, Dow E-minis were down 24 points, or 0.05%, S&P 500 E-minis were up 5.75 points, or 0.1%, and Nasdaq 100 E-minis were up 41.25 points, or 0.18%. U.S. chipmakers rose in premarket trading after TSMC (2330.TW), opens new tab, the world's main producer of a ...Read More >
Palo Alto Networks, released its 2025 cybersecurity predictions for the Asia Pacific region, outlining five key trends that cyber practitioners can expect to unfold in the coming twelve months and position their organisations for a more secure future. Organisations across the APAC region have emphasised embedding AI into business processes in 2024. This includes cybersecurity processes, where organisations and their adversaries are engaged in an AI arms race. But alarmingly, according to a recent PwC report, more than 40% of leaders say they do not understand the cyber risks posed by emerging ...Read More >
NEW DELHI: Intel has launched three new processors under its Xeon 6 lineup to power advanced GPU-powered artificial intelligence (AI) systems. These new processors with Performance-cores (P-cores) include Intel's Priority Core Turbo (PCT) technology and Intel Speed Select Technology - Turbo Frequency, delivering customisable CPU core frequencies to boost GPU performance across demanding AI workloads, the company said in a statement. Intel said its Xeon 6776P processor is already serving as a host CPU for the Nvidia DGX B300 GPU, which is the AI chipmaker's latest generation of AI-accelerated ...Read More >
New Delhi, Jun 5 (PTI) India has always led in developer talent and now has a strong opportunity to lead in AI talent, OpenAI Global Chief Strategy Officer (CSO) Jason Kwon said on Thursday as the ChatGPT-maker launched OpenAI Academy in partnership with IndiaAI Mission. In an interview to PTI, Kwon said that India - which has the second largest number of ChatGPT users - is among the most important countries for OpenAI in terms of engagement. India has always had the "ingredients to succeed", he noted. OpenAI, he pointed out, is eyeing partnerships that will help build the future of AI infra ...Read More >
New Delhi: Today, OPPO India sets the vibe - and the countdown - for its Reno14 Series launch on 3rd July with its newest brand film under the 'Live the Aawara Life' campaign. After Ranbir Kapoor teased fans by name-dropping his "Aawara Gang" - Siddhant Chaturvedi, Ishaan Khatter and Pooja Hegde - OPPO India has now unveiled the full story, and it's a joyride of spontaneity, friendship, and rediscovery. Rooted in Reno's philosophy of living in the moment, the campaign positions the Reno14 Series as the ultimate travel companion - capturing fleeting experiences and turning them into unforgettab ...Read More >
Chennai: Despite the buzz around the enterprise adoption of generative artificial intelligence (Gen AI), only a small proportion of Indian companies provide AI tools and applications to a significant number of their employees, according to a report. Only 5% of the organisations offer gen AI tools for more than 80% of their workforce, according to Deloitte's 'State of AI' report shared with TOI. The report underscores a critical gap that while many companies are experimenting with AI, few are scaling its use across their workforce. 29% of organisations provide access to less than 40% of their w ...Read More >
Ujjain (Madhya Pradesh): Marking the Cooperatives Year, a two-day national seminar will be inaugurated on Friday at the Swarn Jayanti Auditorium of Vikram University. Farmers from five major states: Gujarat, Maharashtra, Madhya Pradesh, Chhattisgarh, and Goa are set to participate in the seminar, 'Dairy Development in Madhya Pradesh: Possibilities and Challenges', under the joint aegis of the Indian Dairy Association (DA) West Zone, and Vikram University (VU). Researchers, students, milk producers from across the country, where over two lakh cooperative societies function, along with experts ...Read More >
India leads in artificial intelligence (AI) adoption, with 92% of employees regularly using generative AI (GenAI) tools in daily work, according to a Boston Consulting Group (BCG) report released Thursday. BCG based the report on responses from 10,600 workers across 11 countries that show AI usage has turned mainstream. The report said AI adoption has led people to fear job loss in countries with the highest AI usage. The third edition of this annual survey also found that AI now forms part of employees' daily work, with 72% of the respondents using it regularly. The report further noted tha ...Read More >
New Delhi: Nearly 88% of global enterprises now have dedicated budgets for Artificial Intelligence (AI), with nearly two-thirds of them spending over 15% of their overall tech budgets on AI projects, a new report said on Monday. This major investment push marks a clear shift from early experimentation with Generative AI to building intelligent, goal-oriented systems known as AI agents, according to data compiled by Nasscom. Titled 'Enterprise Experiments with AI Agents - 2025 Global Trends,' the report provides a comprehensive look at how companies across the globe are preparing for the next ...Read More >
A young woman named Oleti Pushpa (22) was killed by her live-in partner Sheikh Shamma (22) in the Ambedkar Konaseema region of Andhra Pradesh, reported India Today. She was living with Sheikh for the past 6 months after she separated from her spouse. The incident took place in Siddhartha Nagar, B Savaram village of Rajolu mandal on 16th July. Shamma reportedly accused Pushpa of having affairs with other men. He forced her to engage in prostitution and frequently instigated fights with her when intoxicated. As per police, Shamma was addicted to ganja. On the fateful night, he against pressuri ...Read More >
Indore News: A video went viral showing a Zomato delivery agent in Madhya Pradesh's Indore being forced to remove his Santa Claus costume while delivering an order on Christmas. The incident took place when the delivery man, dressed as Santa, was approached by Sumit Hardia, the district convenor of the Hindu Jagran Manch. Hardia interrogated the delivery agent and insisted he takes off the outfit. The man asked the delivery agent if he dressed as Lord Ram on Diwali. "Are you delivering an order by dressing up as Santa Claus?" Hardia asked. To this, the delivery agent nodded yes. "Do you ever ...Read More >
Vijayawada: The Andhra Pradesh government and global chip giant Nvidia Corporation on Friday signed an agreement for setting up Artificial Intelligence (AI) University in the state. This collaboration will also foster a robust AI ecosystem within the state through comprehensive initiatives, including skilling, research, infrastructure development, and startup acceleration. This partnership is designed to position Andhra Pradesh as a national leader in AI-driven innovation and talent development, an official release said. As a core component of this agreement, both parties will collaborate to ...Read More >
New Delhi, Jul 6 (PTI) Amazon sees a future centred around 'collaborative robotics' where machines are geared to amplify human capability and potential, rather than replace them, according to Tye Brady, chief technologist at the e-commerce giant's robotics unit. Amazon, which recently deployed one-millionth robot in its global operations and introduced 'DeepFleet', an AI technology to optimally coordinate movement of robots across fulfilment network (its intelligent warehouses), asserts that robotics will play a key role in building more capable societies. The company has grown from deployin ...Read More >
New Delhi, July 12 (SocialNews.XYZ) Tech giant Google has roped in Indian-origin Varun Mohan, co-founder and CEO of coding AI startup Windsurf, in a major move in the ongoing AI talent race. In a post on social media platform X, Demis Hassabis, Co-Founder and CEO at Google DeepMind, informed hiring several senior Research and Development team members, along with Mohan. "Thrilled to welcome @windsurf_ai founders Varun Mohan and Douglas Chen and some of the brilliant Windsurf eng team to @GoogleDeepMind," Hassabis said on Saturday. "Excited to be working with them to turbocharge our Gemini ef ...Read More >
New York/Bengaluru -- Thinking Machines Lab, the artificial intelligence start-up founded by former OpenAI executive Mira Murati, said on Tuesday it has raised about $2bn at a valuation of $12bn in a funding round led by venture capital firm Andreessen Horowitz. The fundraise also saw participation from AI chip giant Nvidia, Accel, ServiceNow, Cisco, AMD and Jane Street, the start-up said. The huge funding round for a company launched only in February, with no revenue or products yet, underscores Murati's ability to attract investors in a sector where top executives have become coveted targe ...Read More >
Bengaluru, December 3 (IANS): HealthCare Global Enterprises (HCG) on Tuesday announced a partnership with Accenture to accelerate cancer research and care through advanced AI, including generative AI and deep learning. The collaboration will combine Accenture's global expertise and talent in data and AI including AI/ML, generative AI, and quantum computing while taking deep clinical insights from HCG in oncology to enable early detection and treatment for various types of cancer. Accenture will also use advanced technologies including image analysis software, informatics, and novel algorithm ...Read More >