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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 an ...Read More >
Mumbai (Maharashtra) [India], June 27: Uniqus Consultech, a tech-enabled global platform that offers consulting solutions in the accounting & reporting, finance operations, governance, risk, ESG, and technology domains, has announced a strategic partnership with Numeric, a modern financial close and reporting automation platform trusted by high-growth accounting teams. The partnership enables both parties to better serve the offices of the CFO and Controllership in accelerating month-end close t ...Read More >
The data compiled by Boston Consulting Group (BCG) highlights that while AI adoption has become mainstream globally, real business impact is being seen only in those companies that are redesigning workflows and investing in training and leadership. In India, although usage is widespread, there is growing anxiety over the future. Nearly half (48 per cent) of Indian employees fear that their jobs could disappear within the next decade due to AI and automation. Nipun Kalra, Managing Director & Se ...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 ...Read More >
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the four ...Read More >
New Delhi: India is leading the global charge in the adoption of generative AI tools at the workplace, with 92 per cent of employees regularly using such technology -- far ahead of the global average of 72 per cent, a new report said on Thursday. The data compiled by Boston Consulting Group (BCG) highlights that while AI adoption has become mainstream globally, real business impact is being seen only in those companies that are redesigning workflows and investing in training and leadership. In ...Read More >
The Election Commission has upgraded its system for generating post-poll statistical reports, replacing manual methods with automation and data integration. This streamlined approach ensures faster reporting and accessibility of poll-related data at the constituency level. The new system facilitates the creation of various statistical reports for Lok Sabha and assembly elections, improving data dissemination.The Election Commission on Thursday said it has streamlined its system to generate vario ...Read More >
New Delhi, Jun 6 (PTI) Almost every manufacturer in India, across various segments covered in a survey, has either invested in artificial intelligence and machine learning technology or is planning to do so, a senior officer from Rockwell Automation said on Friday. While sharing details of the survey, Rockwell Automation India Managing Director Dilip Sawhney told PTI that in a survey on smart manufacturing conducted two years ago, about two-thirds of organisations said they would either have al ...Read More >
New Delhi, Jun 6 (PTI) Almost every manufacturer in India, across various segments covered in a survey, has either invested in artificial intelligence and machine learning technology or is planning to do so, a senior officer from Rockwell Automation said on Friday. While sharing details of the survey, Rockwell Automation India Managing Director Dilip Sawhney told PTI that in a survey on smart manufacturing conducted two years ago, about two-thirds of organisations said they would either have al ...Read More >
Dixon Technologies is partnering with HKC for display module manufacturing. The company has applied for government approval. Dixon is also exploring partnerships for diodes and components. They are collaborating with Dassault for smart manufacturing. Dixon aims for 'lighthouse factory' recognition. The company is satisfied with the current PLI scheme. Dixon plans significant investments in components and display modules.India's leading contract manufacturer Dixon Technologies has sought the gove ...Read More >
New Delhi [India], June 5 (ANI): The Election Commission of India (ECI) on Thursday announced that it would streamline its technology-driven system for generating Index Cards and various other post-election statistical reports. The new system will ensure faster reporting through automation and data integration. 'This upgraded mechanism replaces the traditional manual methods, which were often time-consuming and prone to delays. By leveraging automation and data integration, the new system ensur ...Read More >
New Delhi [India], June 5 (ANI): The Election Commission of India (ECI) on Thursday announced that it would streamline its technology-driven system for generating Index Cards and various other post-election statistical reports. The new system will ensure faster reporting through automation and data integration. "This upgraded mechanism replaces the traditional manual methods, which were often time-consuming and prone to delays. By leveraging automation and data integration, the new system ensur ...Read More >
New Delhi, June 5 (IANS) To mitigate delays in poll data dissemination, Chief Election Commissioner Gyanesh Kumar on Thursday approved a technology-driven system to generate Index Cards and various statistical reports after elections. The upgraded mechanism replaces the traditional manual methods, which were often time-consuming and prone to delays, said an official. Index Cards form the foundation for generating about 35 Statistical Reports for Lok Sabha elections and 14 for state Assembly el ...Read More >
New Delhi, June 5 (SocialNews.XYZ) To mitigate delays in poll data dissemination, Chief Election Commissioner Gyanesh Kumar on Thursday approved a technology-driven system to generate Index Cards and various statistical reports after elections. The upgraded mechanism replaces the traditional manual methods, which were often time-consuming and prone to delays, said an official. Index Cards form the foundation for generating about 35 Statistical Reports for Lok Sabha elections and 14 for state A ...Read More >
NEW DELHI: In a significant step toward digital transformation, the Election Commission of India (ECI) has revamped its post-election data reporting process by introducing a streamlined, technology-driven system for generating Index Cards and Statistical Reports. The initiative, aimed at enhancing data accessibility and timeliness, replaces the earlier manual process that often delayed dissemination. Under the leadership of Chief Election Commissioner Gyanesh Kumar and Election Commissioners Su ...Read More >
New Delhi, May 29 (SocialNews.XYZ) The growing trend of flexible workforce models, and increased opportunities in the Electric Vehicles (EVs) and e-commerce sectors is set to boost the workforce in India, according to a report on Thursday. The Employment Outlook Report (EOR) for the period between April and September by TeamLease Services, a staffing firm, highlighted measured optimism amid economic complexity. With 47 per cent of employers indicating plans for workforce expansion, 28 per cent ...Read More >
New Delhi: Fintech firm One MobiKwik Systems on Tuesday said its consolidated loss widened to Rs 56 crore in the quarter-ended March 31, 2025.It had reported a loss of Rs 0.6 crore in the year-ago period, according to a regulatory filing.Revenue from operations saw a marginal increase from Rs 264.9 crore in Q4 FY24, to Rs 267.7 crore in Q4 FY25. The Gurgaon-headquartered firm's Payments GMV (Gross Merchandise Value) grew 203 per cent year-on-year to Rs 1,15,900 crore, according to a company sta ...Read More >
Mumbai, May 20 (PTI) Two-wheeler maker Suzuki Motorcycle India on Tuesday laid the foundation stone of a manufacturing facility at Kharkhoda in Haryana, which will be developed at an initial investment of Rs 1,200 crore. Located at IMT Kharkhoda HSIIDC industrial township and spread across 100 acres of land, the new manufacturing plant with a capacity to produce 7.5 lakh two-wheelers annually in the first phase, is a part of the company's strategy to meet the rising domestic demand while also s ...Read More >
Hyderabad -- Phenom, an AI company specializing in HR, today announced it acquired EDGE, a leading resource management and talent mobility platform. The acquisition of the Bengaluru-based company strengthens Phenom's workforce intelligence solutions for the professional services industry and global capability centers (GCC). The sixth acquisition and addition to the Intelligent Talent Experience platform portfolio marks a significant step in Phenom's purpose to help a billion people find the rig ...Read More >
WarmUp Ventures Founders L to R - Rajendra Lora ,Yogesh Chaudhary , Sharad Bansal Athera Venture Partners has roped in HDFC AMC's fund of funds as an LP for its Fund IV, while Warmup Ventures is launching its second fund. HDFC AMC invests in Athera's Fund IV Tech-focused venture capital fund Athera Venture Partners, formerly known as Inventus India, on Wednesday said that HDFC's fund of funds has invested in its Fund IV, which is scheduled to close in 2025. HDFC AMC's Select AIF FoF I Scheme ...Read More >
A new report reveals Indian graduate employability has risen to 54.81%, up from 51.25% the previous year and 33% a decade ago. This growth is driven by skill development in areas like AI and cloud computing, positioning India as a global talent leader, particularly in IT, engineering, and healthcare, with significant global opportunities emerging.As the demand for talent continues to rise, a report on Tuesday revealed that employability among Indian graduates has seen a steady rise, reaching 54. ...Read More >
Gurugram, 11 December 2024: Around USD 40 billion of investments are envisaged over the next 5-6 years for the development of Electric Vehicles (EV) & ancillary industries in India. However, the deployment of these funds will rely upon successful implementation of government policies, charging infrastructure ramp-up and domestic manufacturing capacity scale-up. As per Colliers' latest report "EVs in India: Renewed Vigour in Electric Mobility", about two-thirds of the planned investments, can pot ...Read More >
Cloud-based testing platform LambdaTest has secured $38 million in a funding round led by Avataar Ventures, with Qualcomm Ventures also participating. The fresh funding comes after a gap of more than 30 months for the Noida and San Francisco-based startup. This latest round brings the company's total funding to $108 million, including a $45 million round in March 2022. Its early backers include Premji Invest, Peak XV, Telstra Ventures, Blume Ventures, and Leo Capital. LambdaTest was part of the ...Read More >
NOIDA, India and SAN FRANCISCO, Dec. 10, 2024 /PRNewswire/ -- LambdaTest, the leading cloud-based unified testing platform, has secured a $38 million funding round led by Avataar Ventures, with participation from Qualcomm Ventures, bringing the total funding to $108 million. This pivotal investment will accelerate LambdaTest's mission to democratize quality engineering through innovation, and redefine industry standards for web and mobile software quality through its groundbreaking innovation, K ...Read More >
Bengaluru, India (ots/PRNewswire) - To help unify Kardex's ERP system in over 30 countries leveraging Infosys Cobalt Infosys (https://www.infosys.com/en.html) (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a strategic collaboration with Kardex (https://www.kardex.com/en/) , a leading global provider of intralogistics solutions, including automated storage solutions and material handling systems, to transform its bus ...Read More >
4HANA Bengaluru, India (OTE) - To help unify Kardex's ERP system in over 30 countries leveraging Infosys Cobalt 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 ...Read More >
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 thei ...Read More >
In today's digital-first economy, businesses are increasingly adopting AI-driven strategies to stay competitive and engage with customers more effectively. Gartner reports that by 2026 over 80% of marketers will rely on AI tools for personalised content delivery, audience targeting, and performance analytics. While according to McKinsey & Company report of 2023, organisations utilising AI in their marketing efforts see up to a 30% increase in customer engagement. As businesses pivot towards more ...Read More >
In the last decade, digital transformation has reshaped industries across the globe, with the banking, financial services, and insurance (BFSI) sector witnessing a rapid shift towards technology-driven processes. Automation, Artificial Intelligence (AI), blockchain, and big data are now reshaping business operations and redefining traditional roles. As India navigates this intersection of innovation and opportunity, the employability of the country's youth -- especially in BFSI -- will hinge on ...Read More >
By Tashwinder Singh, CEO and MD, Niyogin Fintech Limited The world of finance has been transformed by fintechs to dramatically change the interaction of a consumer with a financial service. Mobile banking, app stores, and AI investment brokerage have all done their magic on consumer financial access, charge, and personalised services. With technology advancing product innovations, all these are consolidated with a personal touch, and this has thereby brought the concept of hybrid ways for finte ...Read More >
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