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BENGALURU/HYDERABAD: Donald Trump's H-1B visa crackdown will hasten U.S. firms' shift of critical work to India, turbocharging the growth of global capability centres (GCCs) that handle operations from finance to research and development, economists and industry insiders say. The world's fifth-largest economy is home to 1,700 GCCs, or more than half the global tally, having outgrown its tech support origins to become a hub of high-value innovation in areas from design of luxury car dashboards t ...Read More >
New Delhi, India -- Meghna Gupta* had planned it all - a master's degree by 23, a few years of working in India, and then a move to the United States before she turned 30 to eventually settle there. So, she clocked countless hours at the Hyderabad office of Tata Consultancy Services (TCS), India's largest IT firm and a driver of the country's emergence as the global outsourcing powerhouse in the sector. She waited to get to the promotion that would mean a stint on California's West Coast. Now, ...Read More >
Mumbai, September 27: On Friday, September 26, Democrats on the House Oversight Committee released documents from Jeffrey Epstein's estate, which revealed that the convicted sex offender had maintained contact with influential political and business figures, including Elon Musk, Peter Thiel, Steve Bannon, Prince Andrew and Microsoft founder Bill Gates. Notably, the documents suggest that Jeffrey Epstein maintained contact with them years after his 2007 plea deal that required him to register as ...Read More >
BENGALURU/HYDERABAD/NEW DELHI - Ms Paridhi Upadhaya was packing her bags after securing a computer science scholarship in the US until headlines of President Donald Trump's H-1B visa crackdown last week prompted her family in Lucknow, India to scrap the plan. "Trump's unending onslaught against immigrants is forcing us to consider other destinations for her," the 18-year-old's father Rudar Pratap said. Ms Upadhaya is among thousands of Indians for whom the American dream of world-class educati ...Read More >
India's Global Capability Centers (GCCs) are evolving from cost-saving back offices to innovation hubs, driving global product development and digital solutions. With over 1,600 GCCs currently, projected to generate $121 billion in revenue by 2030, India is becoming a strategic innovation powerhouse. For decades, India has been perceived globally as the world's back office, a reliable destination for IT services, business process outsourcing, and support functions. But in recent years, this nar ...Read More >
Groww's parent, Billionbrains Garage Ventures, plans to file for a $650-800 million IPO in Mumbai, aiming at an $8 billion valuation, backed by Satya Nadella. If successful, Groww will surpass Angel One as India's most valuable brokerage. Billionbrains Garage Ventures Ltd., the parent of India's largest investment platform Groww, is preparing to file for an initial public offering in Mumbai as early as next week, according to people familiar with the matter. Backed by Microsoft Corp. Chief Exe ...Read More >
Indian stock market: The equity market benchmark indices, Sensex and Nifty 50, are expected to open lower on Monday, following mixed cues from global markets. Asian markets traded mostly higher, while the US markets ended mixed, with the Nasdaq posting a record high close. This week, investors will focus on key stock market triggers, including the developments over India-US trade deal, US Federal Reserve policy, India-EU trade deal, flow of foreign funds, and other key domestic and macroeconom ...Read More >
Sept 12 (Reuters) - The Nasdaq notched a record high close on Friday in a mixed trading session, lifted by Microsoft as investors looked ahead to the Federal Reserve's policy meeting next week, when it is widely expected to cut interest rates to counter a slowdown in the jobs market. Fueled by Tesla and other technology-related stocks, the Nasdaq added to a rally in the previous session that saw all three indexes hit all-time highs. Investors are laser-focused on the Fed's meeting on Tuesday a ...Read More >
STORY: Wall Street hit a milestone on Tuesday as all three major stock indexes closed at record highs, with the Dow adding more than four-tenths of a percent, the S&P 500 gaining over a quarter of a percent and the Nasdaq climbing more than a third of a percent. Data released on Tuesday showed U.S. employers added nearly a million fewer jobs in the 12 months through March than previously estimated. The large downward revision supported expectations the Federal Reserve will soon cut interest ra ...Read More >
Rojgar Mahakumbh 2025: The chief minister of Uttar Pradesh, Yogi Adityanath, inaugurated the Rojgar Mahakumbh 2025 in Lucknow today, i.e., August 26. The event will continue for three days, between August 26 and August 28. The inaugural ceremony took place at Indira Gandhi Pratishthan by the CM, accompanied by some ministers. CM also distributed appointment letters to the newly selected youth. The three-day event aims to provide jobs and employment opportunities to the youth of the state. This ...Read More >
(Reuters) -U.S. stock index futures slipped on Thursday, as investors stepped to the sidelines and awaited an earnings report from big-box retailer Walmart and clues on the Federal Reserve's next policy move from a three-day conference in Jackson Hole. A sharp decline in technology stocks such as Nvidia, AMD, Palantir and Meta earlier this week signaled investor fears that the stocks, which have soared since April lows, are now overvalued, while Washington's growing interference in the sector h ...Read More >
New Delhi, August 14: Cognizant, an IT services company, is reportedly preparing to implement salary hikes for a large portion of its workforce later this year. The development is said to target eligible employees and also aims to reward top performers in India. As per reports, the company is planning merit-based adjustments that could impact many employees across different roles in India. Cognizant is reportedly aligning this adjustment with its earlier statements during the second-quarter ear ...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: 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 ex ...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 >
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 >
Indian tech entrepreneur Bhavin Turakhia is teaming up with GoDaddy Inc. (NYSE:GDDY) in a move that could reshape part of the small-business email market long dominated by Microsoft and Google. The deal will put Turakhia's AI-powered email platform, Titan, in front of millions of new potential users. According to Turakhia, Titan's global footprint could grow from 2.3 million to more than 10 million mailboxes over the next four years. Targeted squarely at small and mid-sized businesses, Titan's e ...Read More >
New Delhi, Aug 12 (UNI) Github Inc. CEO Thomas Dohmke has revealed his plans about stepping down from the position and getting back to his 'startup roots.' Dohmke said in a blog post, " I've decided to leave GitHub to become a founder again. I'll be staying through the end of 2025 to help guide the transition and am leaving with a deep sense of pride in everything we've built as a remote-first organization spread around the world." GitHub and its leadership team will continue its mission as a ...Read More >
Reshma Kewalramani was appointed CEO of Vertex Pharmaceuticals in April 2020 ShowQuick Read Summary is AI-generated, newsroom-reviewed * Reshma Kewalramani ranks 62 on Fortune's 2025 list of 100 Most Powerful People in Business * She is the first woman to lead a major US biotechnology firm, Vertex Pharmaceuticals * Vertex is valued at over $110 billion, known for cystic fibrosis and gene-editing therapies Did our AI summary help? Let us know. Switch To Beeps Mode Indian-origin CEO Reshm ...Read More >
The Indian government is reinforcing creative freedom by maintaining strict regulations on OTT platforms through the IT Rules, 2021. Union Minister Ashwini Vaishnaw emphasized safeguards against harmful content while promoting the AVGC-XR sector. The Indian Institute of Creative Technologies aims to bolster industry skills with global partnerships. The Central Government on Wednesday renewed its pledge to protect creative freedom, highlighting regulations for Over-The-Top (OTT) platforms enforc ...Read More >
New Delhi, July 19 (SocialNews.XYZ) BJP spokesperson Sudhanshu Trivedi launched a scathing attack on the Gandhi family on Saturday, accusing them of shielding each other in corruption cases and questioning the constitutional propriety of Leader of the Opposition (LoP) in the Lok Sabha, Rahul Gandhi's recent tweet defending his brother-in-law Robert Vadra. Speaking to the media in New Delhi, Trivedi took a sharp dig at LoP Gandhi, saying, "He stood in support of his 'hardworking farmer' brother- ...Read More >
Mumbai (Maharashtra) [India], July 19, (ANI): The India-EFTA Trade and Economic Partnership Agreement (TEPA) will come into effect from October 1, Union Commerce and Industry Minister Piyush Goyal announced on Saturday. "All countries have now ratified. Lodged their document with the repository, which was Norway, and from first October, EFTA will come into effect," Union Commerce and Industry Minister said while addressing the session 'Creating Global Impact Towards Viksit Bharat', organised by ...Read More >
The Indian Institute of Creative Technologies (IICT) is set to launch this August, offering specialized courses in AVGC-XR domains. Aiming to develop world-class talent, IICT has partnered with the University of York and industry giants like Google and Meta. The institute's curriculum, aligned with international standards, seeks to position India as a global leader in digital content and immersive technology. India's growing digital and creative sectors are set to benefit from the launch of the ...Read More >
Mumbai (Maharshtra) [India], July 19 (ANI): Union Culture and Tourism Minister Gajendra Singh Shekhawat has said that the proposal to rename Islampur in Sangli district as Ishwarpur in Maharashtra reflects India ongoing cultural renaissance. He said that it marks an effort to restore historical identities that were once deliberately erased. Speaking to the media on Friday, Shekhawat said, There were many of our subjects, places, history books, and incidents, which were intentionally erased, or ...Read More >
Mumbai: India's first campus of Indian Institute of Creative Technologies (IICT), modelled after IITs and IIMs that will serve as a national centre of excellence dedicated to the animation, visual effects, gaming, comics and extended reality sector, was inaugurated by I&B minister Ashwini Vaishnaw on Friday. The first batch of 300 students will begin classes in Sept at the campus on National Films Development Corporation's premises in Pedder Road. With world-class infrastructure, including fully ...Read More >
NEW DELHI: India's smartphone and electronics industry has raised serious concerns over what it describes as informal but targeted trade restrictions imposed by China. The India Cellular and Electronics Association (ICEA), in a letter to the government, sought swift policy measures to address these unofficial restrictions, which could derail the country's $32 billion export-driven manufacturing ambitions. As per the ICEA letter, India's electronics manufacturing sector remains heavily reliant o ...Read More >
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