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July 18 (Reuters) - JPMorgan Chase (JPM.N), opens new tab has begun publishing research notes on prominent private companies transforming industries, a person familiar with the matter told Reuters on Friday. With many industry-leading private companies delaying public listings, they are attracting a growing share of investor capital, prompting institutional investors to track them more closely at earlier stages. Companies such as ChatGPT-maker OpenAI, Elon Musk's SpaceX and TikTok-parent Byted ...Read More >
New Delhi, July 18 (SocialNews.XYZ) In a significant development in the global AI race, Aravind Srinivas-led Perplexity AI has surpassed OpenAI's ChatGPT to take the top spot among free apps on the Apple App Store. The abrupt surge follows a strategic alliance with telecom operator Airtel, which now provides its customers with free access to the premium Perplexity Pro subscription, which costs Rs 17,000 a year. Access to several state-of-the-art AI models, such as GPT-4.1, Claude, Grok 4, and ...Read More >
Tesla (TSLA) officially launched in India on Tuesday, making a small bet on a country with massive growth potential. Tesla's first showroom, dubbed a "Tesla Experience Center," opened in a fashionable mall in the cosmopolitan city of Mumbai, India's largest metropolis with nearly 13 million residents and more than 23 million including the greater region. Tesla's only car on offer is the refreshed Model Y, which will be imported from China, where Tesla builds models with right-hand drive. The c ...Read More >
Mumbai: OutSystems, a leading AI-powered low-code development platform, today announced the Early Access Program for OutSystems Agent Workbench. Agent Workbench enables enterprises to create and orchestrate intelligent agents for any use case -- and across any department, workflow, or data -- with enterprise-grade security and control. Delivered on OutSystems trusted platform, Agent Workbench makes it easier than ever for pragmatic leaders to innovate at speed and orchestrate human-AI collaborat ...Read More >
Pune: The ongoing pre-non-interlocking and non-interlocking works to develop the Hadapsar railway station would affect trains' movement in the Daund-Pune section this week from Thursday till Sunday. A total of 17 trains, including DEMUs from Pune to Daund and Baramati to Pune, Pune-Harangul Express (01487), Harangul-Pune Express (01488), Solapur-Pune Intercity Superfast Express (12169) and Pune-Solapur Intercity Express (12170), would remain cancelled on Sunday (July 20), a railway official said ...Read More >
New York/Bengaluru -- Thinking Machines Lab, the artificial intelligence start-up founded by former OpenAI executive Mira Murati, said on Tuesday it has raised about $2bn at a valuation of $12bn in a funding round led by venture capital firm Andreessen Horowitz. The fundraise also saw participation from AI chip giant Nvidia, Accel, ServiceNow, Cisco, AMD and Jane Street, the start-up said. The huge funding round for a company launched only in February, with no revenue or products yet, undersco ...Read More >
LONDON and NOIDA, India , July 14, 2025 /CNW/ -- HCLTech (NSE: HCLTECH) (BSE: HCLTECH), a leading global technology company, reported financial results for the first quarter ended June 30, 2025 . Constant currency (CC) revenue for the quarter was up 3.7% YoY. USD revenue came in at $3.55 billion , up 5.4% YoY. EBIT margin for the quarter was 16.3%. Digital Services revenue grew by 15.2% YoY (CC) and now contributes 41.6% of the overall Services revenue. Engineering and R&D Services grew by 11.8 ...Read More >
New Delhi, Jul 14 (PTI) IT services firm HCL Technologies on Monday posted a 9.7 per cent drop in consolidated net profit for the June quarter, hurt by higher expenses and one-time impact of a client bankruptcy, but raised the lower end of revenue growth outlook for the full fiscal on booking expectations in coming quarters. The firm had logged a net profit (attributable to owners of the company) of Rs 4,257 crore in the year-ago period, according to a regulatory filing. HCLTech CEO and MD C V ...Read More >
Mumbai: HCL Technologies on Monday announced that it has reported a 10 per cent decline in its consolidated net profit for the first quarter (Q1) of FY26 at Rs 3,843 crore, compared to Rs 4,257 crore in the same quarter the previous year (Q1 FY25). Despite the drop in profit, HCL Tech posted an 8 per cent year-on-year (YoY) growth in its revenue from operations, which rose to Rs 30,349 crore from Rs 28,057 crore in Q1 FY25, according to its stock exchange filing. On a sequential basis, the topl ...Read More >
New Delhi, Jul 14 (PTI) HCLTech on Monday reported a 9.7 per cent decline in consolidated net profit for the April-June quarter of this fiscal year at Rs 3,843 crore as the IT services firm and pegged the revenue growth guidance at 3-5 per cent for FY26. HCLTech had logged a net profit (attributable to owners of the company) of Rs 4,257 crore in the year-ago period, according to a regulatory filing. Also Read | How To Check Lottery Sambad Results: A Comprehensive Guide for Indian Lottery Enthu ...Read More >
New Delhi: HCLTech on Monday reported a 9.7 per cent decline in consolidated net profit for the April-June quarter of this fiscal year at Rs 3,843 crore as the IT services firm and pegged the revenue growth guidance at 3-5 per cent for FY26. HCLTech had logged a net profit (attributable to owners of the company) of Rs 4,257 crore in the year-ago period, according to a regulatory filing. Revenue from operations for the quarter under review was 8.1 per cent higher at Rs 30,349 crore, as against ...Read More >
New Delhi, July 14 (UNI) Uday Ruddarraju, who has resigned from Elon Musk's startup xAI, is set to join OpenAI. Indian-origin Ruddarraju resigned as head of infrastructure engineering yesterday from Tesla Chief's company startup xAI. His resignation comes two days after X CEO Linda Yaccarino announced her resignation just months after the social media platform was acquired by the billionaire's AI startup, xAI. Ruddarraju was instrumental in leading the training of the AI model Grok 3. It is a ...Read More >
New Delhi, July 12: Tech giant Google has roped in Indian-origin Varun Mohan, co-founder and CEO of coding AI startup Windsurf, in a major move in the ongoing AI talent race. In a post on social media platform X, Demis Hassabis, Co-Founder and CEO at Google DeepMind, informed hiring several senior Research and Development team members, along with Mohan. "Thrilled to welcome @windsurf_ai founders Varun Mohan and Douglas Chen and some of the brilliant Windsurf eng team to @GoogleDeepMind," Hassabi ...Read More >
New Delhi, July 12 (SocialNews.XYZ) Tech giant Google has roped in Indian-origin Varun Mohan, co-founder and CEO of coding AI startup Windsurf, in a major move in the ongoing AI talent race. In a post on social media platform X, Demis Hassabis, Co-Founder and CEO at Google DeepMind, informed hiring several senior Research and Development team members, along with Mohan. "Thrilled to welcome @windsurf_ai founders Varun Mohan and Douglas Chen and some of the brilliant Windsurf eng team to @Google ...Read More >
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New Delhi: Billionaire entrepreneur Elon Musk has found himself firefighting yet another AI controversy - this time over his chatbot Grok, which is being accused of promoting far-right views and offering disturbing praise for Adolf Hitler in user interactions that went viral online. The incident flared up after screenshots circulated across social media, showing Grok - the AI chatbot developed by Musk's AI startup xAI, making controversial statements. One such instance included Grok saying that ...Read More >
Six Indian cities -- Bengaluru, Hyderabad, Delhi-NCR, Mumbai, Pune, and Chennai -- ranked among the top 10 in the Asia-Pacific for tech talent acquisition, according to Colliers' Global Tech Markets: Top Talent Locations 2025 report. India now stands alongside China and Japan as one of the only three countries to have cities represented in the global top 10 rankings. In the Asia-Pacific rankings, Singapore was the only non-Indian market included in the top five. Taipei, Sydney and Melbourne we ...Read More >
AMD sees India as a key market. Reliance Jio is using AMD's GPUs in its data centers. Both companies are working on future plans. AMD aims to support India's sovereign AI capabilities. The company is collaborating with various large players in India. AMD also emphasizes its open ecosystem and collaborative approach.India is a "super important" market for AMD and the largest telco Reliance Jio is among the customers using the graphic processing units (GPUs) in its data centres, a senior official ...Read More >
EV Market: India's electric vehicle market is undergoing a dramatic shift. Previously in Tata Motors' control, the segment is now experiencing intense competition following the tie-up of Mahindra and MG to corner a massive 53% share. Fresh sales figures from June 2025 reveal how competitors are reconfiguring the electric vehicle battle, forcing Tata to reevaluate its steps. 13,033 electric vehicles were registered in June 2025 in India. This is a whopping 78% rise over June 2024, though EVs sti ...Read More >
Mumbai, July 3: Garena Free Fire MAX is a multiplayer battle royale game that offers a powerful experience battling with other players. Like PUBG, BGMI, and CODM, the players are provided gameplay requiring them to jump from an aeroplane and land on a large map. After that, they must find weapons and start shooting other players in the game to survive, while keeping themselves in a shrinking 'safe zone'. Garena Free Fire MAX codes let players defeat others by unlocking unique rewards. Check out ...Read More >
Kolkata: Luxmi Group, owner of the iconic Makaibari Tea Estate, has acquired a majority stake in UK-based Brew Tea Co. Brew Tea deals exclusively with orthodox tea and has both an online and offline presence in the UK.Luxmi Group acquired an 80% stake in the company, while the remaining 20% remains with the existing promoters. After Tetley and Typhoo, this acquisition marks another British tea company being acquired by an Indian corporate, though it may not be of the same magnitude.Brew Tea Co w ...Read More >
Mumbai, July 2: Garena Free Fire MAX is a battle royale game that offers unique survival battle experience to the mobile gamers. The players who are familiar with the games like CODM, PUBG and BGMI, will find this game engaging. The players have to land on a large battle map after jumping from an aeroplane and start gathering guns and ammo to shoot other players. They need to survive a match staying in shrinking 'safe zone'. Garena Free Fire MAX codes lets players claim rewards that help them de ...Read More >
New Delhi: India's $1.2 billion AI Mission is turning into a big opportunity for homegrown cloud service providers, due to an increase in graphic processing unit (GPU) demand and government-backed infrastructure procurement. Local firms like Reliance Jio Platforms,Tata Communications Ltd and Hiranandani Group's Yotta Data Services are witnessing significant growth, buoyed by the Union government's push to build a massive compute backbone for artificial intelligence (AI). This is because these c ...Read More >
New Delhi, Jun 30 (PTI) HCLTech on Monday announced a multi-year deal with OpenAI to enable its customers to leverage the tech giant's AI offerings and drive enterprise-scale AI adoption. HCLTech, becoming one of the first strategic services partners to OpenAI, will roll out ChatGPT Enterprise and OpenAI APIs internally to provide its employees with secure, enterprise-grade generative AI tools, according to a company statement. Also Read | Gold Rate Today, June 30, 2025: As Gold Price Continue ...Read More >
BENGALURU - Altimetrik, a pure-play AI, Data and Digital engineering solutions company, today announced the signing of a definitive agreement to acquire SLK Software ("SLK"), a global technology services firm focused on delivering AI, intelligence automation and analytics solutions. The acquisition will further strengthen Altimetrik's end-to-end enablement services and expand its customer reach, with a clear path to accelerate towards Altimetrik's goal of reaching $1billion in annual revenue. Th ...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. ...Read More >
New Delhi, Jun 28 (PTI) Digital engineering solutions provider Altimetrik on Saturday said it has signed a definitive agreement to acquire SLK Software, a move which is expected to strengthen its end-to-end services and expand customer reach. The acquisition is expected to close in the second half of 2025, according to a company statement. "This strategic acquisition will significantly enhance the scale of Altimetrik's capabilities, bringing together Altimetrik's AI-first, platform-native engi ...Read More >
New Delhi, Jun 28 (PTI) Digital engineering solutions provider Altimetrik on Saturday said it has signed a definitive agreement to acquire SLK Software, a move which is expected to strengthen its end-to-end services and expand customer reach. The acquisition is expected to close in the second half of 2025, according to a company statement. Also Read | Bodoland Lottery Result Today, June 28, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared, Check Winners List With Ticket Nu ...Read More >
New Delhi: Meta has brought on Trapit Bansal, a highly influential OpenAI researcher, to work on its AI reasoning models under the company's new AI superintelligence team, according to a report by TechCrunch. Bansal is expected to work with Meta to develop a cutting-edge AI reasoning model that's competitive with industry-leading technology. OpenAI spokesperson Kayla Wood told TechCrunch that Bansal had left the company. According to Bansal's LinkedIn page, he left OpenAI in June. Trapit Bansa ...Read More >
Bengaluru (Karnataka) [India], June 27: Global programmatic media partner MiQ today announced the launch of MiQ Sigma, a groundbreaking AI-powered advertising platform, engineered and created by the innovation powerhouse at MiQ's Bengaluru Center of Excellence (CoE). Also Read | Hollywood Actor Brad Pitt's Home Ransacked in Los Angeles, Police Investigate Burglary. Built by a 300+ member strong innovation team in Bengaluru - one of the largest programmatic CoEs globally, MiQ Sigma reflects Ind ...Read More >
Breaking from Bengaluru: A homegrown innovation team just launched the world's first unified AI advertising platform - MiQ Sigma and the results are already mind-blowing. MiQ's Bengaluru Centre of Excellence didn't just build another ad tech tool. They created MiQ Sigma, an AI powerhouse that's already delivering game-changing results for early adopters. Forget everything you know about fragmented advertising platforms. MiQ Sigma is the first AI platform to truly unify the entire programmatic ...Read More >
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