Happiest Minds acquires Noida-based PureSoftware Technologies for Rs 779 crore
New Delhi, April 25 - IT company Happiest Minds Technologies, on Thursday, said it has acquired Noida-based PureSoftware Technologies for $94.5 million (Rs 779 crore).
Nvidia acquires GPU software provider Run:ai likely for $700 million
New Delhi, April 24 - Graphics chip giant Nvidia on Wednesday said it has acquired Run:ai, a Tel Aviv-based workload management and orchestration software provider.
Financial services platform Northern Arc secures $80 mn funding from IFC
New Delhi, April 24 - Financial services platform Northern Arc on Wednesday said that it secured $80 million in funding from the International Finance Corporation (IFC), a member of the World Bank Group.
7 per cent job surge for fresh graduates in India’s manufacturing sector: Report
New Delhi, April 24 - India's manufacturing industry's intent to hire fresh graduates has jumped to 48 per cent in the first half (January-June) of 2024, an increase of seven per cent from 41 per cent in July-December 2023, a new report showed
Qualcomm expands Snapdragon portfolio with new platform to power AI PCs
New Delhi, April 24 - Chip-maker Qualcomm on Wednesday expanded its Snapdragon X Series portfolio with a new platform to deliver better performance, longer battery life and on-device AI capabilities for more Windows PCs.
UK begins probe into AI partnerships by Microsoft, Amazon
London, April 24 - The UK's Competition and Markets Authority (CMA) on Wednesday launched a preliminary probe into partnerships between tech giants over artificial intelligence (AI), like Microsoft and Mistral AI, and Amazon and Anthropic.
Indian IT services sector to see 2nd-consecutive year of muted revenue growth: Report
New Delhi, April 24 - The IT services sector in India is likely to see a second-successive year of muted revenue growth, at 5-7 per cent in FY25, amid continuing global macroeconomic headwinds, a report showed on Wednesday.
ADIF, IIT Guwahati partner to boost startup ecosystem in India
New Delhi, April 24 - The Alliance of Digital India Foundation (ADIF) and IIT Guwahati's Technology Incubation Centre (TIC) on Wednesday announced the signing of a Memorandum of Understanding (MoU) to promote entrepreneurship and provide support to technology startups.
Ultraviolette launches e-motorcycle ‘F77 Mach 2’ at Rs 2.99 lakh
New Delhi, April 24 - Electric vehicle (EV) company Ultraviolette on Wednesday launched a new e-motorcycle -- the F77 Mach 2 -- at a starting price of Rs 2,99,000.
S. Korea’s nanosatellite makes successful communication with ground station
Seoul, April 24 - A South Korean nanosatellite successfully communicated with its ground station after being launched into space as part of the nation's project to create a satellite constellation by 2027, officials said on Wednesday.
AI can give psychological first aid, curb mental health burden in India: Expert
New Delhi, April 24 - Artificial Intelligence (AI) can be an effective tool in providing psychological first aid, which may help curb the rising burden of mental health issues in India, said Samir Parikh, Consultant Psychiatrist and Chairperson, Fortis Healthcare on Wednesday.
91 pc of Indian firms will use half or more data to train AI models in 2024: Report
New Delhi, April 24 - About 91 per cent of Indian companies will use half or more of their data to train artificial intelligence (AI) models in 2024, a new report said on Wednesday.
PM Modi has lifted 400 million people out of poverty: JP Morgan CEO
New Delhi, April 24 - Prime Minister Narendra Modi has taken 400 million (40 crore) people out of poverty and is doing an “unbelievable job” in India, Global banking giant JP Morgan Chase chief executive officer (CEO) Jamie Dimon has said.
India saw 455 deals worth $25.6 bn in 1st quarter this year: Report
New Delhi, April 24 - India saw 455 deals worth $25.6 billion in the first quarter this year, a 24 per cent rise in deal volume as compared to the last quarter (Q4) of 2023, a report showed on Wednesday
India to become one of biggest chip hubs in next 5 years: Ashwini Vaishnaw
New Delhi, April 24 - India has commissioned four semiconductor manufacturing units and in the next five years, the country will become one of the biggest semiconductor hubs in the world, Union Railways and IT Minister Ashwini Vaishnaw has said.
Samsung, Hyundai Motor, LG, SK hynix see combined operating profit plunge 65 pc
Seoul, April 24 - Four major conglomerates saw their combined operating profit plunge 65 per cent last year, hit by sluggish sales amid an economic slowdown, a report showed on Wednesday.
South Korea launches nanosatellite for satellite constellation project
Seoul, April 24 - A South Korean nanosatellite was launched into orbit as part of the nation's project to create a satellite constellation by 2027, officials said on Wednesday.
TikTok faces nationwide ban in US as Biden prepares to sign ‘historic’ bill
Washington, April 24 - US President Joe Biden is set to sign a historic bill regarding a huge foreign aid package on Wednesday, that will also ban TikTok in the country if its China-based owner ByteDance doesn’t sell its stake within a year.
Musk’s X takes on YouTube, to launch dedicated TV app for videos soon
New Delhi, April 24 - Taking on Google-owned YouTube, X social media platform will soon launch a dedicated TV app for users to upload high-quality videos, its CEO Linda Yaccarino has announced.
It is time to reorganise Tesla, says Musk as company logs slow growth
New Delhi, April 24 - Elon Musk on Wednesday said it is time to “reorganise” Tesla as the electric car company registered $1.1 billion in net income and $21 billion in revenue, down 9 per cent from $23.3 billion from the year-ago period.