iCreate, Microsoft, IT Ministry to skill 11K innovators, startups in AI in India
New Delhi, Feb 21 - Microsoft India and iCreate (the International Centre for Entrepreneurship and Technology) will provide AI skilling opportunities to 11,000 innovators, startups, and youth from across the country via Microsoft's learning management system, it was announced on Wednesday.
Negotiations on at acquiring Paytm Payments Bank businesses as RBI deadline looms
New Delhi, Feb 21 - As Paytm Payments Bank announced to shift its nodal account to Axis Bank by opening an escrow account, speculations started on which bank or financial services major is vying to get what businesses at the Paytm subsidiary as
LTIMindtree joins Eurolife FFH to set up GenAl & digital hubs in Europe, India
Mumbai, Feb 21 - In a bid to enable widespread adoption of AI in India and Europe, tech consulting and digital solutions company LTIMindtree on Wednesday signed a memorandum of understanding (MoU) with Greece-based insurance company Eurolife FFH (powered by Fairfax Digital Services).
Salaries in India to increase by 9.5% in 2024; infra, manufacturing sectors lead
New Delhi, Feb 21 - Salaries in India are expected to increase by 9.5 per cent this year as industries such as infrastructure and manufacturing continue to project robust growth, a report showed on Wednesday.
Apple grabs top 7 spots in 10 best-selling smartphones globally
New Delhi, Feb 21 - Apple has captured top seven positions in the global list of 10 best-selling smartphones in 2023 for the first time, a report showed on Wednesday, as India became the fifth smartphone market to exceed 10 million iPhone unit
India to lead global chip value chain with friendly govt policies: US report
New Delhi, Feb 21 - Global competition for chip investment is fierce and India is set to expand its role in the semiconductor value chain with supportive government policies, a pilot visa programme and an industry-ready workforce, among others, a report under the
Airtel with Ericsson demonstrates mmWave 5G functionality on its network
New Delhi, Feb 21- Bharti Airtel in partnership with Ericsson on Wednesday said they have successfully demonstrated mmWave (millimetre wave) 5G functionality on the Airtel network.
India home to 247 mn entrepreneurial households driving $8.8 trillion transaction value
Mumbai, Feb 21 - India is home to at least 247 million entrepreneurial households who will be the drivers of India's next economic wave, driving an $8.8 trillion transaction value in FY23, a new report showed on Wednesday.
Byju’s rights issue to raise $200 mn fully subscribed
New Delhi, Feb 21 - Edtech firm Byju's rights issue to raise $200 million at a 99 per cent valuation cut has been fully subscribed.
PM to dedicate to nation 2 N-power reactors; Kakrapar plant 4 to be connected to grid soon
Chennai, Feb 21 - India’s atomic power major Nuclear Power Corporation of India Ltd (NPCIL) will soon connect its second 700 MW Pressurised Heavy Water Reactor (PHWR) to the grid, an official said on Wednesday, ahead of Prime Minister Narendra Modi’s visit to
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.
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.
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.
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.
1st human implanted with Neuralink brain chip able to control mouse via thoughts: Musk
New Delhi, Feb 20 - Elon Musk has said that the first human implanted with a brain chip from his brain-computer interface company Neuralink seems to have fully recovered and is able to control a computer mouse using thoughts.
India reversing missed opportunities of last 75 years, China chip era slowing down: Minister
New Delhi, Feb 20 - India is reversing the missed opportunities of the last 75 years and when it comes to semiconductors, China’s momentum is slowing down as they are not viewed as a trusted partner in the future of tech, Union Minister