AI startups from Tier 2, 3 cities is PM Modi’s dream: Union Minister
New Delhi, Feb 21 - As India sees a spurt in startups in the field of Artificial Intelligence (AI), Prime Minister Narendra Modi has a dream that startups in new and emerging technologies should now come from Tier 2 and 3 cities, Minister
Amazon plans to launch low-priced fashion vertical ‘Bazaar’ in India
New Delhi, Feb 21 - E-commerce giant Amazon is set to launch a low-priced fashion and lifestyle vertical called 'Bazaar' in India.
DPIs like UPI, Aadhaar to propel India towards $8 trillion economy by 2030
New Delhi, Feb 21 - Digital Public Infrastructure (DPIs) like Unified Payments Interface (UPI) and Aadhaar are poised to propel India towards a $8 trillion economy by 2030, helping the country achieve a $1 trillion digital economy target, a Nasscom-led report said on
YouTube brings new channel pages for creators on its TV app
San Francisco, Feb 21 - Google-owned YouTube has unveiled a new look for creators' channels on its TV app, with the goal of improving the user experience and making content more accessible on the big screen.
Centre working on draft AI regulation framework, to be released soon
New Delhi, Feb 20 - The government on Tuesday said it is working on to unveil a draft regulatory framework for artificial intelligence (AI) by June-July this year, amid concerns over a rise in deepfakes and user harm associated with the new technology.
RBI economists reject IMF view that India’s debt-GDP ratio may shoot up
Mumbai, Feb 20 - RBI economists, in a report released on Tuesday, rejected the IMF view that India’s debt-GDP ratio has the potential of shooting past 100 per cent if historical shocks materialise and hence the country needs to go cut government expenditure.
Zee Entertainment denies any talks with Sony to revive merger
New Delhi, Feb 20 - Zee Entertainment has denied reports that the company is in talks to revive the merger with Sony.
Bitcoin market cap scales $1 trillion
London, Feb 20 - The value of the world’s most popular cryptocurrency, Bitcoin, has more than tripled to $52,000 since November 2022.
FM to meet fintech startups next week amid Paytm Bank crisis
New Delhi, Feb 20 - Union Finance Minister Nirmala Sitharaman is expected to meet fintech startups next week amid regulatory concerns, after the central bank acted on Paytm Payments Bank and put certain curbs.
RBI bulletin pegs India’s GDP growth in Q4 at 7%, corporate investments likely to surge
Mumbai, Feb 20 - The RBI’s monthly bulletin released on Tuesday expects a fresh round of capital expenditure by the corporate sector to fuel the next leg of growth in the Indian economy and has pegged the GDP growth rate at 7 per
India can become 3rd largest economy in 4-5 years but increasing per capita income also important: Rangarajan
Chennai, Feb 20 - India can become the third-largest economy in the world in four or five years but increasing the per capita income and elimination of poverty is also important, noted economist and former Reserve Bank of India (RBI) Governor Dr C.
Walmart acquires US TV maker Vizio for nearly $2.3 bn to boost ad biz
San Francisco, Feb 20 - Retail giant Walmart on Tuesday said it is acquiring US-based TV maker Vizio in a deal valued at nearly $2.3 billion, in a bid to boost its ad business.
TN govt to set up 100 farmers markets: Minister
Chennai, Feb 20 - Tamil Nadu Minister for Agriculture and Farmers' Welfare M.R.K. Panneerselvam on Tuesday said that the government will set up 100 Uzhavur Angadis (farmers markets) across the state.
IndiGo announces daily direct flights to Bali from March 29
New Delhi, Feb 20 - IndiGo on Tuesday announced daily direct flights from Bengaluru to Denpasar (Bali), effective from March 29.
Govt sets March 21 deadline for public comments on guidelines to curb greenwashing
New Delhi, Feb 20 - The Central Consumer Protection Authority has sought public comments on Draft Guidelines for Prevention and Regulation of Greenwashing, which is a misleading practice of making false environmental claims in ads to sell products.
In a first, APEDA plans trial run of mango, pomegranate exports by sea to USA & Europe
New Delhi, Feb 20 - Agricultural and Processed Food Products Export Development Authority (APEDA) is planning to send trial shipments of mangoes and pomegranates to the USA and the European Union by sea with the aim of bringing down the transport cost of
vEPFO adds 15.62 lakh net members in Dec 2023 as employment risesv
New Delhi, Feb 20 - EPFO’s data released on Tuesday highlighted that 15.62 lakh net members have been added to the employment payroll in December, 2023 which is highest in the last three months.
India’s AI market to reach $17 bn by 2027, demand for talent to grow: Nasscom
New Delhi, Feb 20 - India’s artificial intelligence (AI) market is likely to grow at 25 per cent compound annual growth rate (CAGR) to reach $17 billion by 2027, with similar growth in AI investments, a Nasscom report said on Tuesday.
China makes biggest-ever cut to mortgage rate to boost housing market
Hong Kong, Feb 20 - China’s central bank has cut its key mortgage reference rate by a record amount, as it ramps up efforts to stem a prolonged property crisis, a media report said.
ServiceNow partners AICTE to skill over 10K students on its platform in 1st yr
New Delhi, Feb 20 - Digital workflow company ServiceNow on Tuesday signed a Memorandum of Understanding (MoU) with the All India Council For Technical Education (AICTE) under the Ministry of Education, with a goal to skill more than 10,000 students on its platform