Is India ready for the AI revolution? The rapid advancements in artificial intelligence, from generative AI tools to sophisticated machine learning algorithms, are transforming industries across the nation. From fintech's burgeoning use of AI-powered fraud detection to the agricultural sector's embrace of precision farming technologies, the impact is undeniable. This week saw a major breakthrough in indigenous 5G technology development, signaling India's growing prowess in the global tech landscape. But alongside this progress comes the crucial discussion surrounding data privacy, cybersecurity, and the ethical implications of AI deployment. How will India navigate these challenges and harness the transformative power of technology for inclusive growth? Explore the latest developments in Indian tech, from the rise of digital payments to the burgeoning startup ecosystem, and discover how innovation is shaping the nation's future. Stay informed with Abtak.com – your gateway to understanding the tech revolution reshaping India.
New Delhi, July 4: Amazon is reportedly making changes to how it evaluates its employees, as CEO Andy Jassy said to be focusing more on discipline and performance. The company is now linking its leadership principles with performance reviews. The shift is reportedly part of CEO Jassy's effort to strengthen the company's work culture. It is said to be the first time Amazon has integrated these values into employee evaluations. The updated system will use a three-tiered method to assess how well employees follow Amazon's leadership principles. Amazon managers are said to assess employees based on three areas, which include Leadership Principles adherence, performance, and potential. As per a report of Business Insider, Amazon is placing greater emphasis on its leadership principles to evaluate employee performance. For the first time, the company is said to be integrating these values into its employee performance review process, as CEO Andy Jassy aims to build a more structured and disciplined work environment. Soham-Gate: Indian Techie Soham Parekh Accused of Duping Multiple Tech Companies With Moonlighting and Fake Resume, CEOs and Founders React To Viral Post. Amazon spokesperson, Sam Stephenson reportedly highlighted that the company frequently examines its performance evaluation methods to better support employee progress. Stephenson said, "These changes streamline the process for managers and help to ensure greater consistency." As per an internal document accessed by Business Insider, Amazon managers will begin using a three-level rating system starting this quarter's midyear review cycle. It will help managers to assess how well corporate employees reflect the company's key principles in their daily work. As per reports, Amazon uses 16 LPs, which focus on aspects like customer focus and cost management for its business decisions. The internal guidelines indicate that these changes are intended to enhance the company's ability to recognise top talent and strengthen its corporate culture. Additionally, it states that only 5% of employees will qualify for the highest "role model" rating when their behaviour is assessed against these LPs. For teams with over 50 employees, the expected classification is 20% in TT, 15% in HV3, 25% in HV2, 35% in HV1, and 5% in LE. Microsoft Layoffs: Satya Nadella-Run Firm Lays Off Around 9,000 Employees, Hits Xbox Division To Close The Initiative Game Studio Following Perfect Dark Cancellation. Amazon is streamlining its rating system for performance and potential, alongside leadership principles, to create an overall value score for each corporate employee. The score will reportedly play a key role in decisions about pay raises and whether an employee may be put on a performance improvement plan.
New Delhi: Indian-origin Vaibhav Taneja, Tesla's Chief Financial Officer, has emerged as a key figure in Elon Musk's newly announced political venture, the America Party (AMEP). Tesla owner Elon Musk on Sunday announced a new political party called the 'America Party'. In the official filing of this party, Musk named Vaibhav Taneja as the Custodian of Records and Treasurer. According to a report by The Wall Street Journal, Vaibhav Taneja, Tesla's Chief Financial Officer (CFO), has earned a staggering USD 139 million in total compensation in 2024 -- making it the highest in the world for any CF ...Read More >
Mumbai: In a global survey on artificial intelligence (AI), 85 per cent of respondents said their AI investments are meeting or exceeding expectations, with nearly one in four companies reporting significantly better-than-expected returns. However, only eight per cent of organizations have reached the "Transformation" stage of AI adoption, where AI drives innovation, competitive advantage, and industry disruption, said a survey by Protiviti, a global consulting firm. The survey included 1,000 executives worldwide, including 176 C-suite leaders in IT, operations, finance, and compliance. The f ...Read More >
Patna (Bihar) [India], July 15: The Bihar Idea Festival, an initiative aimed at discovering and supporting emerging startups across the state, driven by ideas, identity, and innovation, has taken a significant step forward with the launch of its new portal, opening a "significant opportunity for Bihar's startup sector." Also Read | Dabba Trading-Online Betting Racket: ED Conducts Searches in Mumbai in Money Laundering Case; INR 3.3 Crore Cash, Luxury Watches and Jewellery Seized. Launched a few weeks ago, it is a flagship initiative of the Department of Industries, Government of Bihar, and Y ...Read More >
New Delhi, June 27 (SocialNews.XYZ) The world's third-richest man, tech billionaire and Amazon founder Jeff Bezos is all set to marry former journalist Lauren Sanchez on Friday in what is being described as a star-studded wedding. The extravagant celebration, hosted in Venice, Italy, is expected to cost approximately Rs 430 crore, according to Luca Zaia, President of the Veneto region, which includes the iconic city of canals. The three-day affair, which began on June 26 and will end on June 28 with a celebrity-studded reception after the wedding on Friday, has turned Venice into a temporary ...Read More >
June 30 (Reuters) - Futures tracking the S&P 500 and Nasdaq touched record highs on Monday, as optimism over U.S. trade negotiations with its key partners helped support upward momentum in markets. Shares of technology heavyweights rose premarket after Canada scrapped its digital services tax targeting U.S. tech firms, just hours before it was due to take effect, in a bid to advance stalled trade negotiations with the United States. Shares of Amazon (AMZN.O), opens new tab, Meta Platforms (META ...Read More >
Patna: The state govt on Monday launched the 'Bihar Idea Festival', a dedicated portal aimed at encouraging grassroots innovation and entrepreneurship across the state. State industries minister Nitish Mishra inaugurated the portal at an event held at Soochna Bhawan, describing it as a "milestone" initiative that will allow students, youth, entrepreneurs and startup teams, even from rural areas, to submit their ideas directly to the govt."The aim is to collect innovative ideas and solutions from ...Read More >
The trailer of Rise & Fall, hosted by Ashneer Grover, showcases the clash between Rulers in luxury and Workers in hardship. Featuring 16 celebrities, the Banijay Asia show premieres Sept 6 on MX Player. Mumbai: The trailer of the upcoming streaming reality show Rise & Fall was unveiled on Monday. The video sets the tone for a brutal divide between two opposite worlds -- the Rulers and the Workers. The Rulers bask in luxury inside a lavish penthouse, while the Workers grind in a bare-basics base ...Read More >
Sundar Pichai, CEO of Google, is facing legal trouble after a Mumbai court issued a notice due to YouTube's failure to comply with a previous order. The issue revolves around an offensive video about Dhyan Foundation’s founder, Yogi Ashwini, which was supposed to be removed globally but remains accessible outside India. The court is questioning Pichai on why he shouldn't face consequences for not following the order. Meanwhile, satellite internet services are set to launch in India, with Jio, Airtel, Starlink, and Amazon Kuiper competing for market dominance. The government is preparing to all ...Read More >
New Delhi [India], December 4 (ANI): The GSEC in Hyderabad will be the first of its kind in the APAC region after Tokyo and only the fifth globally, with similar facilities in Dublin, Munich, and Malaga, according to a statement. This GSEC is a specialised international cybersecurity hub designed to play a crucial role in developing advanced security and online safety products tailored for the Indian context. The centre will focus on cutting-edge research, AI-driven security solutions, and creating a collaborative platform for leading experts and researchers in cybersecurity. It also aims to ...Read More >
Guwahati, Jul 15 (PTI) Congress president Mallikarjun Kharge and Leader of Opposition in Lok Sabha Rahul Gandhi will visit Assam on Wednesday during which they will interact with party functionaries of the state. State Congress chief Gaurav Gogoi said the district, block and mandal presidents of the party will be able to present their views before its top leadership during Kharge and Gandhi's visit. Also Read | Did Lucknow Court Judge Take Selfie With Rahul Gandhi During Hearing of Indian Army 'Defamation' Case? BJP's Amit Malviya Found Fake in Fact Check. "I look forward to welcoming Shri ...Read More >
New Delhi: Protest at the Aligarh Muslim University (AMU) against a recently announced fee hike, the long-standing suspension of students' union elections and calls for administrative accountability have entered their sixth day, with students boycotting classes and staging sit-ins at the Bab-e-Syed gate (the iconic entrance of the varsity). The fee structure for different courses has witnessed a sharp revision. Students say the hike ranges from 25% to over 60% across various programmes. Many claim they first learned of the revised fees only while trying to pay through the university's online ...Read More >
The Chinese yuan was also facing its own challenges from the growing threat of more U.S. tariffs on China, pushing it down to a 13-month trough. Japan's tech-heavy Nikkei jumped 1.6% as of 0200 GMT, and South Korea's KOSPI advanced 1.7%. Taiwanese shares gained 1.1%. Australia's stocks benchmark rose 0.7% and reached a fresh all-time high. However, Chinese stocks were under pressure, with Hong Kong's Hang Seng edging slightly lower and mainland blue chips falling 0.3%. MSCI's broadest index of Asia-Pacific shares added 0.7%. Both S&P 500 and Nasdaq futures were flat after the cash indexes ...Read More >
Hyderabad - Synchrony is a leading consumer financial services company providing customers with innovative savings and premium credit solutions. Synchrony has been ranked #2 among India's Best Companies to Work For™ 2025 by Great Place to Work®, the global authority on workplace culture. This prestigious recognition, revealed at the awards ceremony on June 25, 2025, solidifies Synchrony's standing as a top employer of choice in India, underscoring its ongoing commitment to creating a high-trust, high-performance workplace culture that champions innovation, flexibility, and employee well-being. ...Read More >
Hyderabad: Artificial Intelligence (AI) has become an integral part of Microsoft's business, and the company is putting pressure on its workforce to adopt AI, whether they like it or not. A leaked internal document revealed that Microsoft will pay close attention to its employees' contributions in the company's AI efforts during performance evaluations, revealed at the beginning of the year. Moreover, a report published by Business Insider mentions that Microsoft is asking its managers to evaluate employees based on how frequently and effectively they use the company's own AI tools. Julia Li ...Read More >
Mumbai, July 2: TikTok is reportedly planning to announce another round of layoffs, affecting e-commerce team staff from the global workforce. The TikTok layoffs will reportedly be announced due to 'organisational and personnel changes'. The company shared a memo with its employees, citing the same reason and hinting at possible layoffs. TikTok has announced several rounds of layoffs this year for various reasons. TikTok is banned in India, but it has been struggling in the US. Recently, US President Donald Trump extended the deadline for the third time for 90 days, allowing the platform to o ...Read More >
GNC operates on U.S. military bases through contracts exempt from standard federal procurement rules and foreign ownership disclosure requirements. Rep. Pat Harrigan (R-N.C.) has called for a criminal investigation into GNC, the national supplement retailer owned by China's state-run Harbin Pharmaceutical Group. GNC operates more than 85 stores on U.S. military bases, including four stores at Fort Liberty in North Carolina. Harrigan pointed to a report from national security firm Exiger reveali ...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 >
Mumbai (Maharashtra) [India], July 15 (ANI): Indian Institute of Creative Technologies (IICT) will open admissions for its first batch of students starting this August, giving a major boost to India digital and creative economy sector. The institute will offer a robust portfolio of industry-driven courses in the AVGC-XR (Animation, Visual Effects, Gaming, Comics, and Extended Reality) sector. The institute, which was announced by Union Minister for Information & Broadcasting, Ashwini Vaishnaw, at World Audio Visual Entertainment Summit (WAVES) in May 2025, is backed by prestigious global par ...Read More >
New Delhi [India], July 18 (ANI): South Korean special envoys pay tribute to Mahatma Gandhi duirng their visit to Raj Ghat. The delegation was led by former South Korean Prime Minister Kim Boo Kyum and included South Korean Representative Lee Kai Ho and Democratic Party of Korea's Supreme Council Member Song Sun-ho, among others. The visit came following a recent meeting between Prime Minister Narendra Modi and South Korean President Lee Jae Myung in Canada last month on the sidelines of the G7 summit, where both leaders expressed commitment to working together in trade, investment, green ene ...Read More >
New Delhi, July 12: Google is said to be offering some of the highest salaries in the tech world for roles tied to artificial intelligence (AI). As competition in the AI space continues to grow, the tech giant is reportedly adjusting its pay structure to attract and retain top talent. The Google salary structure approach has received considerable attention, particularly of what federal filings have revealed. The company is reportedly paying massive salaries to certain roles, as seen in new data based on federal work-visa filings. The company is also said to have updated its internal compensat ...Read More >
Gandhinagar (Gujarat) [India], August 4: Odoo Community Days 2025 is set to redefine how India runs its businesses. With 240+ exhibitors, over 80,000 registrations, and more than 20,000 attendees expected, this is where business meets real systems. Also Read | 'If You Are a True Indian...': Supreme Court Slams Rahul Gandhi for Insulting Indian Army During Bharat Jodo Yatra. This is not a trade fair or a conference. It is a working experience for founders, retailers, developers, students, consultants, and anyone who runs or supports a business. From manufacturers and retailers to healthcare ...Read More >
Fractal Analytics, India's first AI unicorn, has filed for an IPO in Mumbai, potentially valuing the company at over $3.5 billion. The IPO aims to raise approximately $560 million, with existing investors selling a significant portion of their shares. Fractal intends to capitalize on the growing investor interest in AI and India's increasing adoption of consumer technologies. Fractal Analytics, a provider of artificial intelligence and analytics services, filed for an initial public offering in ...Read More >
Elon Musk has announced plans to revolutionize the gaming industry by launching an AI-driven game studio under xAI. In a series of posts on X, Musk, a passionate gamer, criticized the current state of game development, highlighting the influence of large corporations and ideological biases. He pledged to "make games great again" through innovative applications of artificial intelligence. While many gamers have welcomed this move, excited by the idea of independent game development, critics question Musk's lack of experience in managing a game studio. The announcement has sparked widespread deb ...Read More >
Umwelt.Ai has partnered with PeopleStrong to enhance employee experiences and streamline HR processes through advanced AI-driven engagement solutions. This collaboration combines Umwelt.Ai’s cutting-edge analytics and sentiment analysis with PeopleStrong’s expertise in Human Capital Management (HCM), delivering real-time insights to tackle workforce challenges. The partnership aims to boost employee satisfaction, retention, and productivity, aligning with the rapid growth of India’s employee engagement market. Umwelt.Ai’s CEO Vishal Chopra emphasized its role in fostering dynamic workplaces, w ...Read More >
NEW DELHI: Coursera, Inc., one of the world's largest online learning platforms, unveiled its annual learner trends for India, based on insights from over 27 million registered learners. This year, India surpassed Europe in the total number of learners on Coursera, highlighting the ambition and commitment of Indian learners to upskill and stay competitive in a rapidly evolving global workforce. Two key trends emerged in 2024: an unprecedented demand for GenAI learning and a growing preference for role-specific content to prepare for specific jobs. According to Microsoft's Work Trend Index 202 ...Read More >
Prayagraj (Uttar Pradesh) [India], January 8 (ANI): In preparation for the grand Maha Kumbh Mela 2025, a mock drill was conducted in the Akhada area to enhance emergency preparedness and ensure the safety of participants and attendees. The drill carried out under the guidance of Police Additional Director General (ADG) Vaibhav Krishna, IPS was aimed to address potential emergency situations that may arise during the event. Also Read | Microsoft Partners With Government's 'India AI Mission' to Skill 5 Lakh People by 2026. The exercise was designed to simulate various emergency scenarios, foc ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): Announcing the monetary policy on Friday from Mumbai, Reserve Bank of India (RBI) Governor Sanjay Malhotra announced that the MPC has decided to reduce the policy repo rate under the Liquidity Adjustment Facility by 50 basis points to 5.5 per cent. He said, "The reduction recommended by the MPC is for 50 basis points to 5.5 per cent. This is with an immediate effect." Also Read | Amazon Layoffs Continue: US-Based E-Commerce Giant Cuts More Jobs From Kindle and Alexa Units, Continues CEO Andy Jassy's Strategy To Streamline Operations. The RBI Gover ...Read More >
New Delhi, June 27: Panasonic layoffs are expected in India as the company restructures its operations to exit from certain product segments. Panasonic is reportedly planning a major shift in its India strategy and is likely to exit the refrigerator and washing machine segments. The development hints at the downsizing of the company's consumer electronics business in the country. The Panasonic job cuts in India may affect employees linked to the company's business related to the refrigerator and washing machine segments. As per a report of The Economic Times, Panasonic Holdings is exiting its ...Read More >
New Delhi, June 28 (SocialNews.XYZ) The government is laying the foundation for a next-generation export ecosystem -- one that is digital-first, logistics-enabled and MSME-inclusive, Moin Afaque, Joint Director General of Foreign Trade (DGFT), said on Saturday. Addressing the India SME Forum's 'MSME Day Conclave 2025' here on creating a robust ecosystem for MSME e-commerce exports, he said that upcoming e-commerce export hubs are inspired by global best practices and will function as single-window zones for logistics, certification and regulatory support. "With five pilot hubs already approv ...Read More >
From Lucknow To Stars: 5 Lesser-Known Facts About Shubhanshu Shukla - 1st Indian On International Space Station CBSE Supplementary Exam Schedule 2025: The Central Board of Education (CBSE) has officially released the timetable of the Class 10th and Class 12th Supplementary Exams. Students who could not clear the class 10th or 12th exams (not more than two) or want to improve their scores can check their exam schedule through the official website, i.e. cbse.gov.in. The exams will start from 15th July, 2025 so students are advised to prepare accordingly. The exam will start at 10:30 AM and wil ...Read More >