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New Delhi [India], August 14: Ellenox, India largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50 over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voi ...Read More >
Bengaluru (Karnataka) [India], August 14: The Federation of Indian Chambers of Commerce and Industry (FICCI) and AMPIN Energy Transition, in collaboration with Deloitte & Sumitomo Corporation, successfully concluded its pivotal seminar titled Renewable Energy Transition for Commercial and Industrial Consumers in the Southern Region at Hotel Taj MG Road. The event brought together a diverse group of industry leaders, policymakers, and C&I consumers who discussed the roadmap to achieve 100 RE for ...Read More >
New Delhi [India], August 14: Having worked closely with micro, small, and medium businesses (MSMEs) for over two decades, I have seen how transformative the right accounting tools can be in helping businesses streamline billing, avoid losses due to incorrect pricing and other manual errors, simplify tax compliance, ensure full input tax credit claims, and optimize bookkeeping processes. Also Read | 'Bigg Boss 19': Transgender Athlete Anaya Bangar Approached for Salman Khan's Upcoming Reality S ...Read More >
Kolkata, Aug 14 (PTI) Chief Minister Mamata Banerjee on Thursday said India would not have got Independence if Bengal was not there, as personalities like Rabindranath Tagore and Subhas Chandra Bose, who contributed significantly to shaping the nation's destiny, were born here. Speaking at a function marking the 12th anniversary of the 'Kanyashree' scheme, Banerjee said Bengal is the beacon of hope which stands for unity amid diversity. "If Bengal was not there, India would not have got Indepe ...Read More >
VMPL New Delhi [India], August 14: Having worked closely with micro, small, and medium businesses (MSMEs) for over two decades, I have seen how transformative the right accounting tools can be in helping businesses streamline billing, avoid losses due to incorrect pricing and other manual errors, simplify tax compliance, ensure full input tax credit claims, and optimize bookkeeping processes. When implemented effectively, modern accounting solutions empower business owners to shift their focus ...Read More >
Bengaluru: India's commercial office market continues to ride on the back of large-sized transactions, with deals over 100,000 sq. ft. driving the bulk of Grade A space uptake for the past five years. In the first half of 2025 (H1 2025), such transactions accounted for 51% of the total leasing activity across the top seven cities, translating into 17.2 million sq. ft., according to Colliers' latest report. This trend underscores occupiers' sustained appetite for high-quality, scalable office spa ...Read More >
New Delhi, Aug 14 (PTI) IT company Infosys plans to acquire 75 per cent stake in Versent Group, a wholly-owned subsidiary of Australian telecom firm Telstra, for 233.25 million Australian dollars or about Rs 1,336 crore, the company said in a regulatory filing. The acquisition is part of strategic collaboration between Infosys and Telstra to form a joint venture to provide AI-enabled cloud and digital solutions for Australian businesses. "Infosys will acquire 75 per cent of the shareholding in ...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 cl ...Read More >
Mumbai - NTT DATA, a global leader in digital business and technology services, today announced a global partnership with Google Cloud to accelerate AI-powered cloud innovations and unlock new possibilities with AI for enterprise organizations across industries. This collaboration combines NTT DATA's deep industry expertise in AI, cloud-native modernization and data engineering with Google Cloud's advanced analytics, AI and cloud technologies to deliver tailored, scalable enterprise solutions. ...Read More >
New Delhi [India], August 14 (ANI): As India observes the Partition Horrors Remembrance Day, Union Minister of Commerce and Industry Piyush Goyal and External Affairs Minister on Thursday paid tribute to the people who sacrificed their lives during the Partition of India. Sharing an X post, Goyal said that on August 14, 1947, during the Partition of India, people endured the pain of violence, displacement and loss of loved ones. Also Read | Independence Day 2025: President Droupadi Murmu To Ad ...Read More >
Mumbai, August 14: In a bid to control costs amid soaring investments in artificial intelligence (AI) infrastructure, Oracle Corp. has reportedly cut over 150 jobs in its cloud infrastructure division, according to media reports. Employees in the Oracle Cloud Infrastructure (OCI) unit were informed this week about the eliminations, with major reductions in Seattle, the hub of the unit, and additional cuts in India. While some roles were axed due to performance-related issues, the company is stil ...Read More >
New Delhi [India], August 14 (ANI): The credit-to-deposit ratio in Indian banks has stayed below 80 per cent as credit offtake in the country continues to lag, according to a report by CareEdge Ratings. The report highlighted that while both credit offtake and deposit growth have increased sequentially, they remain significantly lower than the levels seen last year. Deposits continued to outpace credit offtake in the current fortnight, leading to a narrowing of the credit-deposit gap. It state ...Read More >
Shimla, Aug 14 (SocialNews.XYZ) Braving darkness, fast currents and unstable terrain, the Indian Army on Thursday said its swift response averted a potential tragedy when a sudden flash flood struck Hojis Lungpa Nala in Himachal Pradesh's mountainous Kinnaur district. The incident happened at around 7 p.m. on Wednesday. Triggered by a cloudburst in the higher reaches of the Rishi Dogri Valley, the deluge engulfed the bridge across the Sutlej River and injured one individual. The site was an ac ...Read More >
NEW DELHI: US-based Oracle is cutting jobs in its cloud unit in a bid to control costs amid heavy spending on artificial intelligence (AI) infrastructure, news agency Bloomberg reported, citing people familiar with the development. Part of the layoffs were related to performance issues; however, the cloud unit continues to hire workers, as per the report, which cited two unnamed people. Oracle has cut more than 150 jobs in the Seattle area, which is the unit's hub. The cloud infrastructure sol ...Read More >
Vishal Sikka's early bet on global capability centers (GCCs) is now a reality as more companies insource tech operations in India. This shift challenges Indian IT giants, facing talent and business losses. While offering GCC-as-a-service, they navigate AI challenges and potential tariff risks under a possible Trump administration, impacting both IT firms and GCCs. Some Bengaluru-based doyens may disagree, but as recent events would suggest, Vishal Sikka was probably the most prescient of recent ...Read More >
A dedicated skywalk from the station also leads directly to the Infosys Metro Plaza, where ID checks grant access to the campus. Bengaluru's newly inaugurated Yellow Line metro has found an early corporate champion in Infosys, which is urging its employees to swap road commutes for the "efficient" rail corridor to curb traffic congestion. According to a TOI report, the IT giant circulated an internal email highlighting the benefits of the metro, particularly during peak hours, while detailing s ...Read More >
New Delhi: The Supreme Court on Wednesday set aside an order of bail to Olympic medallist and wrestler Sushil Kumar in a 2021 murder case of former junior national wrestling champion Sagar Dhankar at the Chhatrasal Stadium in the national capital. A bench of Justices Sanjay Karol and Prashant Kumar Mishra noted the allegations in the FIR, which said the national capital was made into a "criminal playground" to settle scores with no regard for the law of the land, and directed Kumar to surrender ...Read More >
Mumbai (Maharashtra) [India], August 13 (ANI): Maharashtra Chief Minister Devendra Fadnavis inaugurated on Wednesday IBM's new office in Mumbai. Far more than just a corporate milestone, the CM declared the opening as a pivotal step toward shaping the future of both Maharashtra and India. 'This is not a mere experience centre of IBM,' Fadnavis said in his address. 'But this is a place where the future of India and the future of Maharashtra will be shaped.' Highlighting the transformative poten ...Read More >
Not long ago, India's Global Capability Centres (GCCs) were simply backroom engines -- managing payroll, IT help desks, or processing data to save global companies time and money. Fast forward to today, and these same centers are at the heart of transforming how the world's biggest businesses invent, experiment, and scale with artificial intelligence. India is now home to more than 1,700 GCCs, which employ nearly 1.9 million professionals. These centers have quietly shifted from checking boxes ...Read More >
Mumbai, Aug 4 (PTI) The rupee depreciated 11 paise to 87.29 against the US dollar in early trade on Monday, weighed down by sustained foreign fund outflows and concerns over trade tariffs. Forex traders said the weakness in the dollar index and easing crude oil prices supported the rupee at lower levels. At the interbank foreign exchange market, the rupee opened at 87.21 and fell to an early low of 87.29 against the American currency, registering a decline of 11 paise over its previous close. ...Read More >
New Delhi [India], August 4 (ANI): India is expected to emerge as a significant player in the global semiconductor market, which is expected to reach USD 1 trillion by 2030. In an official statement released on Sunday, the central government highlighted that India's semiconductor market, valued at around USD 38 billion in 2023, is projected to grow to USD 45-50 billion by 2024-2025 and further expand to USD 100-110 billion by the end of the decade. This rapid growth reflects the country's grow ...Read More >
Dehradun (Uttarakhand) [India], August 4 (ANI): In Uttarakhand, the India Meteorological Department (IMD) has issued an orange alert for three days in the districts of Dehradun, Nainital, Champawat, Bageshwar, Pauri Garhwal and Udham Singh Nagar. In view of the alert issued by the IMD, the Dehradun district administration announced the closure of all schools up to Class 12 and Anganwadi centres on August 4, 2025. Also Read | Drug Party Raided in Hyderabad: 6 Techies Arrested for Consuming LSD ...Read More >
New Delhi [India], August 4 (ANI): India is expected to emerge as a significant player in the global semiconductor market, which is expected to reach USD 1 trillion by 2030. In an official statement released on Sunday, the central government highlighted that India semiconductor market, valued at around USD 38 billion in 2023, is projected to grow to USD 45-50 billion by 2024-2025 and further expand to USD 100-110 billion by the end of the decade. This rapid growth reflects the country growing ...Read More >
India's semiconductor market is projected to more than double, reaching $100-110 billion by 2030, up from $45-50 billion in 2024-25. A government statement highlighted the urgency to build secure, diversified chip supply chains amid global reliance on Taiwan. India aims to become a trusted global hub, backed by ₹76,000 crore in incentives and over ₹1.55 lakh crore in industry investments. India's semiconductor market is expected to more than double to grow in the range of USD 100-110 billion ...Read More >
New Delhi: The Trinamool Congress (TMC) on Sunday sharply criticised the Delhi Police for a controversial reference to Bengali as the "Bangladeshi language," calling it an insult to the language and its speakers. TMC shared a letter from a Delhi Police inspector requesting a translator for what was labeled "Bangladeshi language" in a statement on X. The police official also mentioned the arrest of eight individuals under suspicion of being Bangladeshi nationals residing illegally in India. "Is ...Read More >
New Delhi, Aug 3 (PTI) India's semiconductor market is expected to more than double to grow in the range of USD 100-110 billion by 2030 according to industry estimates, an official statement said on Sunday. The Indian semiconductor market was about USD 45-50 billion in 2024-2025 against USD 38 billion in 2023, the statement said, citing industry estimates. "As per industry estimates, the size of the Indian semiconductor market was about USD 38 billion in 2023, USD 45-50 billion in 2024-2025 an ...Read More >
New Delhi, Aug 3 (PTI) Hiring in the IT services sector has remained stagnant over the past six to seven quarters, with no active demand likely to pick up in the second quarter either, a top official from staffing firm Quess Corp has said. Quess Corp ED and CEO Guruprasad Srinivasan told PTI that demand for technology talents is coming from global capability centres and non-IT companies. "At least for the last six to seven quarters. And we are also not seeing very active demand coming in, even ...Read More >
Mumbai-based Blue Cloud Softech Solutions Limited announced Monday the acquisition of New Jersey-based technology solutions provider AIS Anywhere in a 100 per cent share swap transaction valued at ₹730 crore. The deal will make AIS Anywhere a wholly owned subsidiary as Blue Cloud targets expansion in the U.S. cybersecurity market. Under the transaction structure, Blue Cloud will issue 31.68 crore equity shares at a face value of ₹1 each with a premium of ₹22.06 per share. The swap ratio s ...Read More >
The High Court has directed that caution should be exercised, as there is a possibility of errors while using AI tools. The Kerala High Court on Sunday directed the courts not to use Artificial Intelligence (AI) tools to issue orders. The High Court has issued special guidelines in this regard for judicial officers and others. The High Court has directed that cloud-based AI tools, such as ChatGPT, should not be used to issue orders, and action will be taken if these guidelines are violated. T ...Read More >
New Delhi [India], July 20 (ANI): The Kerala High Court on Sunday directed the courts not to use Artificial Intelligence (AI) tools to issue orders. The High Court has issued special guidelines in this regard for judicial officers and others. The High Court has directed that cloud-based AI tools, such as ChatGPT, should not be used to issue orders, and action will be taken if these guidelines are violated. The guidelines also clarify that AI should not be used to reach conclusions or issue ord ...Read More >
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