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.
New Delhi [India], July 15: Sparsh CCTV, one of India's leading manufacturers of smart cameras and integrated surveillance solutions with multiple government and enterprise clients in India, Innoviz Technologies Ltd. (NASDAQ: INVZ), a global automotive leader in LiDAR solutions, and Cron AI, a leading deep learning 3D perception provider, announced today the collaboration to offer an integrated LiDAR-camera-vision perception platform, purpose-built for large-scale deployment across transport, perimeter security, railways and critical infrastructure. Also Read | West Bengal: 34 Fishermen From Kakdwip Detained in Bangladesh After Their Trawlers Allegedly Crossed International Waters. The announcement comes at a time when India's perimeter security sector is valued at USD 3.23 billion (2022) and projected to grow at a CAGR of 14% through 2030¹. The intelligent transport market, currently worth USD 1.44 billion (2024), is expected to more than double by 2033². Meanwhile, railway modernization and infrastructure investments exceed USD 1.3 billion³, driven by national programs like DFCCIL and Kavach. Together, these sectors represent over USD 1 billion⁴ in addressable opportunity for edge-native LiDAR-camera systems -- with massive scaling potential through 2030. With a footprint across 120+ cities, a network of 2,000+ partners and an annual production capacity of 500,000+ security devices, Sparsh will lead go-to-market efforts, support integration and explore local manufacturing for the unified sensing platform. Also Read | Vidyut Jammwal's Hollywood Debut: 'Khuda Haafiz' Actor Reportedly Cast As Dhalsim in 'Street Fighter' Reboot - All You Need To Know About Videogame Character. The edge-native perception nodes -- combining high-performance LiDAR, deep-learning perception, and vision analytics -- are expected to be a part of security infrastructure upgrade project which is planned to go live at critical infrastructure across India. These systems are intended to deliver real-time insights into vehicle movement, pedestrian safety and perimeter activity -- all processed on the edge, without reliance on cloud compute or high-power infrastructure. "This partnership marks a major leap in how India can deploy high-performance, real-time sensing at scale," said Sanjeev Sehgal, Founder and MD of SparshCCTV. "By integrating global best-in-class LiDAR and 3D perception into our portfolio, we're equipping our customers across cities, industries, and government with intelligent systems that are built for Indian conditions and ready to scale." The integrated platform takes into account the complexities of Indian outdoor environments -- heat, dust, glare, fog, and electrical instability and delivers continuous, low-latency awareness at the edge. - InnovizSMART LiDAR delivers long-range, high-resolution, uniform 3D coverage, built to perform in harsh weather and lighting conditions - Cron AI's senseEDGE processes every point in the LiDAR cloud using deep learning -- not clustering -- for greater accuracy, richer context, and consistent performance. It runs at just 8 watts, with no GPU or external infrastructure - Sparsh's vision systems contribute intelligent classification, layered redundancy, and real-time visual analytics -- enhancing overall system reliability Together, they create a true sensor fusion platform, where 3D point cloud, video vision and edge-native AI combine to deliver next-gen situational awareness, deployable in the near future. "India's infrastructure needs intelligence that's fast, reliable, and frictionless," said Tushar Chhabra, Founder and CEO - Cron AI."We built senseEDGE for exactly this kind of real-world complexity. With Sparsh and Innoviz, we are making 3D perception truly scalable across India's cities and critical infrastructure." "Innoviz is proud to bring our rugged, automotive-grade LiDAR technology to one of the world's fastest growing infrastructure markets," said Omer Keilaf, CEO and Co-founder - Innoviz Technologies. "Paired with Cron AI's powerful edge-native perception and Sparsh's national reach, we are going to enable real-time intelligence for India's transport, security, and smart city initiatives." From intersections, railways to critical infrastructure and perimeters, this is the future of sensing in India -- real-time, intelligent, and built for deployment at scale. About Sparsh CCTV Sparsh is India's first STQC-certified CCTV camera brand and a leader in vision-based security. With operations in 120+ cities, exports to 10+ countries, and a partner network of 2,000+, Sparsh manufactures and deploys over half a million devices annually across sectors like law enforcement, transport, and critical infrastructure. www.sparshsecuritech.com About Cron AI Cron AI is a deep tech company transforming 3D perception for real-world infrastructure. Its platform, senseEDGE, uses deep learning to interpret every point in a LiDAR cloud -- delivering accurate, robust insights on just 8 watts of edge compute. Offered via a Data-as-a-Service (DaaS) model, Cron AI makes real-time 3D intelligence easy to deploy and scale. www.cronai.com About Innoviz Technologies Innoviz is a global leader in LiDAR technology, serving top-tier automotive and industrial partners. Its solid-state LiDAR sensors and software meet the highest standards for safety, performance, and reliability -- and are trusted worldwide across transport, defense, and autonomous systems. www.innoviz.tech Footnotes & Sources 1. Grand View Research - India Perimeter Security Market Outlook2. Astute Analytica via GlobeNewswire - India ITS Market Forecast3. See: Indian Railways CapEx Budget, DFCCIL Project, Kavach - PIB4. Cron AI internal market sizing estimate based on infrastructure deployment potential and edge native perception opportunity Photo: https://mma.prnewswire.com/media/2731284/SPARSHCCTV_Innoviz_Cron.jpg (ADVERTORIAL DISCLAIMER: The above press release has been provided by PRNewswire. ANI will not be responsible in any way for the content of the same)
BENGALURU, India, Dec. 4, 2024 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a strategic collaboration with Kardex, a leading global provider of intralogistics solutions, including automated storage solutions and material handling systems, to transform its business operations using SAP S/4HANA. Leveraging Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey, Infosys will help Kardex unify its ERP system in over 30 countries, boost operation ...Read More >
Investing.com-- Shares of Super Micro Computer Inc (NASDAQ:SMCI) rose sharply in evening deals on Monday after it named BDO USA as its auditor and said it had submitted a plan to the Nasdaq seeking more time to comply with listing rules. Super Micro shares jumped 36% to $29.30 by 18:32 ET (23:32 GMT). The server maker said it believed it will be able to complete its annual and quarterly reports, although it did not specify when it would do so. "BDO is a highly respected accounting firm with global capabilities. This is an important next step to bring our financial statements current, an eff ...Read More >
* Commoditisation and similarity of products and services with competitors will have the most significant impact on how businesses deliver customer experiences over the next two years, according to the latest IDC InfoBrief commissioned by Affinidi * However, businesses who are looking to hyper-personalise their products as a competitive differentiator are facing several obstacles in addressing the privacy-personalisation dilemma, with 56% of them highlighting data collection and management to be a key challenge. * To truly enhance customer experiences through more personalised insights, they m ...Read More >
Ahmedabad (Gujarat) [India], December 2 (ANI): Ambuja Cements has taken a step toward achieving its Net Zero goals. The company has partnered with Finland-based technology leader Coolbrook to implement its proprietary RotoDynamic Heater (RDH) technology. According to the exchange filing, this cutting-edge, zero-carbon heating solution, powered by renewable electricity, will drastically reduce the company's dependence on fossil fuels and lower its carbon emissions, aligning with its sustainability vision. Ambuja Cements will significantly reduce its fossil fuel dependence by harnessing renewa ...Read More >
Bengaluru, 4th December 2024- PURE EV, one of India's leading electric two-wheeler manufacturers, has unveiled an ambitious roadmap to strengthen its presence nationwide and expand globally while introducing innovative solutions for sustainable mobility. Over the next 30 months, the company aims to add 250 new dealerships, taking its total network to over 320 across India. The expansion will be driven by the growing demand for long-range scooters, electric motorcycles, large B2B contracts, and the company's entry into the house-hold brand space. Dr. Nishanth Dongari, Founder & MD of PURE EV, ...Read More >
The global 5G testing equipment market is set to grow by USD 605.76 million from 2024 to 2028, driven by the increasing demand for high-speed, low-latency connectivity in industries like IoT, healthcare, and automotive. With a projected CAGR of 8.43%, the market is focusing on software-defined testing to optimize 5G device performance. Key players include Analog Devices, Anritsu, Keysight Technologies, and Rohde & Schwarz. Oscilloscopes, essential for analyzing electronic signals, dominate the market, and advancements in 5G testing equipment are expected to fuel future growth as 5G networks ex ...Read More >
, /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that they are exploring a blockchain sharding storage model optimized specifically for the storage needs of multi-view data. Sharding storage is an advanced architecture in blockchain technology that divides the blockchain network into multiple independent "shards," with each shard responsible for processing and storing a portion of the data. This approach can significantly improve the scalability and processing speed of t ...Read More >
The AI industry is rapidly evolving, with numerous companies leading breakthroughs across various sectors. AI innovations are transforming industries worldwide, from cloud computing and cybersecurity to healthcare and autonomous vehicles. This list of the top 25 AI companies highlights leaders in developing cutting-edge solutions, ranging from hardware and data analytics to generative AI and robotics. These companies are not only shaping the future of artificial intelligence but also paving the way for smarter and more efficient systems in everyday life. ...Read More >
SHANGHAI, Dec. 02, 2024 (GLOBE NEWSWIRE) -- MultiMetaVerse Holdings Limited (NASDAQ: MMV) (MMV or the Company), a leading animation and entertainment company for young consumers in China, today announced that it has signed a definitive share exchange agreement (the Share Exchange Agreement) with the shareholders (the Transferors) of Bowong AI Limited (Bowong Cayman), which, after a series of restructuring transactions, is expected to indirectly hold 100% equity interests in Bowong Technology (Shenzhen) Co., Ltd. (Bowong Technology). Bowong Technology is a company equipped with cutting-edge tec ...Read More >
Hong Kong, December 3, (ANI): Mainland Chinese shoppers are once again flocking to stores in Hong Kong, but this time, their focus is on purchasing sanitary towels and other feminine care products, rather than infant formula, cooking oil, or Yakult drinks. This shift in shopping habits is driven by concerns over reports of contaminated and discoloured cotton fillings in similar products sold in mainland China. These safety issues have led many consumers to seek alternatives in Hong Kong, where the quality is perceived to be more reliable, Radio Free Asia reported. A shopper from Guangzhou, i ...Read More >
Hong Kong: Mainland Chinese shoppers are once again flocking to stores in Hong Kong, but this time, their focus is on purchasing sanitary towels and other feminine care products, rather than infant formula, cooking oil, or Yakult drinks. This shift in shopping habits is driven by concerns over reports of contaminated and discoloured cotton fillings in similar products sold in mainland China. These safety issues have led many consumers to seek alternatives in Hong Kong, where the quality is perceived to be more reliable, Radio Free Asia reported. A shopper from Guangzhou, interviewed by Radio ...Read More >
In an exclusive interview with FinTech Magazine at Money20/20, Matthew Van Buskirk, Co-founder and CEO of Hummingbird Regtech, discusses how the company is enabling data to be labelled at ease through the use of artificial intelligence. Hummingbird positions itself as an AI enablement company, addressing a critical challenge in the financial sector: the lack of well-labelled, clean training data. "From the day we launched, we saw that deploying effective machine learning or AI capabilities in this industry is incredibly difficult because we don't have clean training data. Instead, we have th ...Read More >
Lakhimpur Kheri, December 3: Talent knows no boundaries. A testament to this is 28-year-old Muneer Khan from Lakhimpur Kheri in Uttar Pradesh, whose innovations and technical skills have gained him global recognition. From a 'smart water bottle' to 'smart soil testing device,' and more recently, 'AI-enabled eye-glasses,' what makes his innovations stand out is their ability to improve everyday convenience for ordinary people. Born in a humble and poor family in Kheri's Gauriya village, Muneer lost his father when he was just one year old. His four older brothers and mother worked tirelessly t ...Read More >
Trial conducted over a 118 km Boston metro route with 10 network hops and nine ROADMs. US wireless carrier Verizon has successfully tested the transportation of 1.6 terabits per second of data across a single wavelength on its live metro fiber network. Utilising Ciena's WaveLogic 6 Extreme (WL6e) coherent optical solution, the trial, conducted in Boston, demonstrated data travelling farther and faster across Verizon's fiber network. This upgrade enhances the network's ability to handle the workloads generated by artificial intelligence (AI) applications, particularly Generative AI, according ...Read More >
Infosys has announced an average 85% performance bonus for eligible employees in Q2 FY25, reflecting its strong financial performance. The bonus, paid to mid- and junior-level staff, will be credited with the November salaries, with individual payouts varying based on performance. This follows Infosys' impressive 4.7% rise in Q2 net profit and a revenue increase of 5.1%, leading to an upward revision of its FY25 revenue guidance. The bonus payout surpasses the previous quarter's 80%, with Infosys outpacing rivals like TCS. Employees are also awaiting salary hikes, with revisions expected from ...Read More >
Sunmei Hotels Group has announced the launch of Sunmei Group International (SGI) and three new overseas brands—SHANKEE, PENRO, and LANOU—marking its expansion into the UAE market. The company plans to introduce SHANKEE Hotels, a smart economy brand, to cities like Dubai, Abu Dhabi, and Riyadh. SGI focuses on smart marketing, modular renovations, and intelligent operations, leveraging big data and AI to enhance service and guest experiences. Chairman Ma Yingyao aims to open 100 hotels globally within the next decade, doubling revenue and establishing a strong international presence for Chinese ...Read More >
Vodafone Idea has launched an AI-powered Spam SMS solution to protect users from unwanted messages and potential fraud. The technology uses machine learning to detect and flag spam in real-time, with over 24 million messages identified since its testing phase. The solution complements existing measures like a user-friendly mobile app for filing complaints and reporting spam. Vi is also working on reducing unwanted voice calls and uses customer feedback for further detection. This initiative aims to provide proactive protection and safeguard customers' digital experience. Vodafone Idea's stock ...Read More >
The churning waters of the 21 Century maritime domain are no longer defined solely by steel-hulled might and firepower. Today, the true battleground lies in the unseen realms of algorithms, data streams and quantum states. The Indian Navy, a sentinel of the vast Indian Ocean Region (IOR), stands at the cusp of this technological revolution, leveraging artificial intelligence (AI) and quantum computing to secure its maritime sovereignty and amplify its geopolitical influence. India's journey into this brave new world is both a strategic necessity and an audacious leap. With China's growing nav ...Read More >
CIFF has announced a strategic partnership with the Indian Film Festival of Los Angeles (IFFLA) for its second edition. The collaboration, dubbed CineV-IFFLA, will include South Asian projects curated by Cinevesture as part of IFFLA's Industry Days program. The program will run during the 23rd edition of IFFLA from May 6-10, 2025, and aims to connect South Asian filmmakers with Hollywood producers through various initiatives. CineV-CHD, the first of a planned series of film markets, aims to connect film professionals with investors and distributors. The idea was conceived by Nina Lath, former ...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 >
Chicago Rivet & Machine Co. (NYSE American: CVR) has announced a reduced quarterly dividend of $0.03 per share, down from the previous $0.10 per share, payable on December 20, 2024, to shareholders of record as of December 5. The reduction reflects prudent financial management amidst challenging market conditions, including a decline in demand from automotive customers. While the company continues to implement performance-enhancing initiatives, macroeconomic headwinds are expected to persist into 2025. The Board of Directors will evaluate future dividends based on profitability, cash requireme ...Read More >
- Renewed homepage of Samyang's industrial water treatment solution brand, 'TRILITE' ... Featuring AI chatbot 'TRIGENT' and Design programs 'TriAngle' - Providing tailored and technical information to the user's queries ... Service available in over 100 languages. - Innovative Water Treatment Design Softwares... Ion Exchange Resin and RO membrane SEOUL, South Korea, Nov. 26, 2024 /PRNewswire/ -- Samyang Corporation (CEO Kang Ho-sung) introduced its new website for its water treatment solutions brand, 'TRILITE' (http://www.samyangtrilite.com), along with the launch of an innovative Artificia ...Read More >
China and Hong Kong stock markets are experiencing a downturn due to rising concerns over the U.S.-China trade war, particularly regarding proposed tariffs and chip sales restrictions. The CSI300 and Shanghai Composite indexes fell, while Hong Kong's Hang Seng Index dropped 1.32%. Investors are wary of potential new restrictions on semiconductor and AI chip exports to China, further exacerbating market uncertainty. The automotive sector, led by BYD, also suffered from intense price competition among Chinese carmakers. Investor sentiment remains cautious, reflecting fears of escalating trade te ...Read More >
Mumbai (Maharashtra) [India], November 28: Pioneering furniture fittings solutions brand Hettich India is proud to announce that it has been officially certified as a Great Place to Work, a recognition that celebrates the company's unwavering commitment to creating an ecosystem where everybody thrives. Also Read | Diljit Dosanjh Concert in Kolkata 2024: Planning to Attend Dil-Luminati Tour, Don't Miss These 5 Must-Try Local Foods. This honor is especially meaningful, with an overwhelming 95% participation from employees helping Hettich India. It reflects a shared commitment to creating a fam ...Read More >
Mumbai (Maharashtra) [India], November 29: Dr. Bharat Agravat (https://www.drbharat.agravat.com), renowned dentist and implantologist along with being an award-winning medical entrepreneur, is set to launch its flagship OLI Therapy services for the treatment of Oral Submucous Fibrosis in Mumbai soon at OSMF Clinic. His son, Dr. Kartavya Agravat, CEO of Dr. Agravat Healthcare Ltd, will assist him in this service. With the original chamber being in Ahmedabad, residents will now be at great advantage in receiving advanced oral care right there in Mumbai from the very hands of one of India's best ...Read More >
Anuj Kumar, Director & CEO of CAMS, highlights that despite recent market corrections, the company expects FY25 to be one of its strongest years. CAMS continues to dominate by winning 70-80% of new bids, focusing on execution and margin expansion, and anticipates significant revenue and profit growth driven by mutual funds and associated business lines.Anuj Kumar, Director & CEO, CAMS, says there has been some market correction and some flattening of the mood in the last two months. But as things come back, we should be holding our projections and FY25 should be one of the strongest years in t ...Read More >
Drones and remote sensing technology Light Detection and Ranging (LiDAR) are being used to map the 620 acres densely populated Dharavi slums In a first for any slum rehabilitation project in India, the Dharavi Redevelopment Project (DRP) has embraced cutting-edge technologies to survey and document Asia's largest slum, officials said. Drones and remote sensing technology Light Detection and Ranging (LiDAR) are being used to map the 620 acres densely populated Dharavi slums. This is to ensure accuracy, transparency, and efficiency in a redevelopment project of this scale and complexity. The D ...Read More >
As businesses increasingly adopt AI, customizing large language models (LLMs) like GPT and Claude is key to meeting industry-specific needs. Techniques like Retrieval-Augmented Generation (RAG) and in-context learning are gaining popularity. RAG enables real-time data retrieval, ideal for tasks requiring up-to-date information, while in-context learning provides guidance within the task prompt. Recent advancements in LLMs, such as larger context windows, offer new possibilities but also present challenges, including cost and efficiency. A hybrid approach combining RAG and long-context models m ...Read More >
New Delhi, Nov 28 (PTI) Coworking firm Incuspaze, which provides managed flexible office spaces to corporates, is looking to raise USD 25 million (over ₹210 crore) to expand its business across major cities before planning to launch its Initial Public Offer (IPO). Established in 2016, Incuspaze has a presence in 44 locations across 18 cities with a total portfolio of 40 lakh square feet. "We plan to add another 2 million (20 lakh) square feet in our portfolio by the end of December 2025," Incuspaze founder and CEO Sanjay Choudhary told PTI. In view of the growing demand for flexible workspa ...Read More >
Hyderabad: The phone tapping case in Telangana took a dramatic turn on Tuesday with the police booking former minister T. Harish Rao and others. A case against the Bharat Rashtra Samithi (BRS) leader and others was registered at Panjagutta Police Station in Hyderabad on a complaint by G. Chakradhar Goud, a real estate businessman. The complainant, who is also the founder of Farmers First Foundation, alleged harassment, threats, and unlawful phone surveillance. Panjagutta Police registered a case under Indian Penal Code (IPC) Section 120(B) (Criminal conspiracy), 386 (Extortion), 409 (Crimin ...Read More >