A round-up of Friday's action in the Davis Cup.
Improved monsoon, solid fiscal performance, and capex push by the public and private sectors augurs well for India's macroeconomic stability and growth, the finance ministry's monthly economic review for June 2023 said. But the report said that while India's domestic fundamentals remain strong, negative cross-border spillovers and adverse global developments could act as a deterrent in achieving the high growth path this financial year. "An improved matching of aggregate supply and aggregate demand in the Indian economy underpins the progress made in the control of domestic inflation and the consequent strengthening of macroeconomic stability," the review said.
The Central Bureau of Investigation has arrested a Canada-based businessman in connection with a defence espionage case in which a journalist and a former Navy commander were held in May, officials said on Tuesday.
'They had been locked up for 17 days and the door was opened and they're like, 'We're not going on one of these stretcher things. We're out of here'!' 'Then someone says, 'They're all out!' 'They are all safe?' 'Yes, they're all safe'.' 'I am like aaaaahhh. I cried happy tears.'
The One97 Communications stock saw a surge in interest as the company's operating performance update for August was considered positive by the Street. In addition, there was a news buzz as the company released a new hitech soundbox, which has longer battery life and processes all major cards. The performance indicates that the company, which is better known by its Paytm brandname, is still on course to achieve its guidance of going cashflow positive by the end of the 2023-24 financial year (FY24).
The Bharatiya Janata Party swept Madhya Pradesh, Rajasthan and Chhattisgarh on Sunday inflicting a resounding defeat on the Congress to tighten its stranglehold in the Hindi heartland, in a big boost for Prime Minister Narendra Modi and setting the tone for the 2024 Lok Sabha elections.
Bengaluru-based IT major Infosys is growing its footprint in the Nordics by establishing a new proximity centre in Oslo, Norway, as part of its continued expansion plans in the region. The new centre is expected to enable Infosys to attract, re-skill, and upskill local talent to work on global opportunities through next-gen technologies like cloud, AI, IoT, 5G, and software engineering. The Nordic region consists of five sovereign states - Denmark, Finland, Iceland, Norway, and Sweden - besides the three autonomous territories connected to these states: the Faroe Islands and Greenland (Denmark), and land (Finland).
'This is an event where Indian forces are trying to liberate other countries from a genocide and liberate from a power to give them their freedom.'
Tech giant Microsoft has unveiled a blueprint for India on artificial intelligence (AI) governance, and proposed a regulatory architecture to oversee safety protocols, according to a whitepaper released on Thursday. The whitepaper titled "Governing AI: A Blueprint for India" comes amid Microsoft raising its stakes in its artificial intelligence tool ChatGPT. The proposed AI regulatory architecture includes regulations prescribing safety and security requirements, then license deployment for permitted uses in a licensed Al data centre with post-deployment safety and security monitoring and protection.
Prime Minister Modi on Saturday left for Egypt after concluding his state visit during which he held wide-ranging talks with President Joe Biden and addressed the joint session of the US Congress.
Software major Tata Consultancy Services on Wednesday reported a 14.8 per cent rise in net income to Rs 11,392 crore for the fourth quarter of last fiscal against Rs 9,959 crore in the year-ago period. The country's largest technology services company by market value said its revenue rose 16.9 per cent to Rs 59,162 crore during the reporting season from Rs 50,591 crore a year ago.
IT services firm Wipro has launched an artificial intelligence (AI)-first ecosystem that will put the technology in every platform, tool, and solution it uses and offers to clients. Along with the launch of Wipro ai360, the company committed to invest $1 billion to advance AI capabilities in the next three years. Wipro ai360, fuelled by this new investment, will help in a new era of value, productivity, and commercial opportunities through the application of AI and generative AI, said the company.
'AI is not a new thing for us. We started our AI journey in 2015.'
Australia face a selection headache with Mitchell Starc, Scott Boland and Josh Hazlewood vying for two slots in the pace attack.
Manchester United bolstered their squad with a flurry of transfer deadline day signings, Manchester City and Liverpool also splashed out while ambitious Brighton & Hove Albion sealed an audacious loan deal for Barcelona's Ansu Fati on Friday.
'I have saved your name on my phone, but I cannot read or pronounce it.' 'I am able to recognise my wife's name today because after seeing it for so long, it has been imprinted in my mind as a picture and not the letters.'
Information technology major Infosys and Liberty Global, a London-based telecom firm, signed a 1.5 billion (about $1.64 billion) deal for five years to evolve and scale up the telco's digital entertainment and connectivity platforms, the companies said in a joint statement on Tuesday. As part of the expanded collaboration agreement, the size of the contract will touch 2.3 billion (about $2.5 billion) if extended to 8 years. The collaboration allows Liberty Global to realise run-rate savings of over 100 million (about $109 million) per annum, inclusive of other savings and technology investments, Infosys said in a statement.
Rain can be an ally for England, says Stokes ahead of decisive fourth Ashes Test
If it continues to do well economically, develops a large manufacturing sector, gains in technological heft, builds a more capable defence industry, improves its human development indicators, becomes more of a trading nation, and has greater internal cohesion. In short, it is a work in progress, suggests T N Ninan.
For the second straight year, the pandemic cast a long shadow on festivities with the Maharashtra government placing a slew of restrictions to avoid gathering and processions.
Deutsche India, which houses the largest technology centre of German investment bank Deutsche Bank, is expanding its operations in India and hiring thousands. "Since January 2023, we have hired more than 2,500 people for Deutsche India and expect a positive trend to continue for the rest of 2023," Dilipkumar Khandelwal, chief executive officer of Deutsche India and Global Head of Technology Centers told 'Business Standard'. "We will continue to hire in the similar range even for the next year." Deutsche India has about 16,000 employees in the country and most of them are engineers.
Lower IT exports will raise India's dependence on capital flows to fund imports.
The government is working on the concept of a digital locker of sorts - an online repository for all certificates and documents issued to the citizens of the country.
When computing moved to the cloud, it brought a lot of advantages of managing data at scale. Computation of large sets of information sourced from several locations allowed experts to interpret data at scale with flexibility. Artificial intelligence (AI) played a critical role in helping understand patterns which could lead to business insights. In the new scenario, using AI in the cloud is not enough anymore.
Renewed inflationary pressures, led by a spike in prices of vegetables and cereals, have cast a spell on the equity markets in the past month. The BSE Sensex and Nifty50 have declined up to 2 per cent each during the period, clipping the 13 per cent rally from the March lows, shows data from ACE Equity. Investors typically consider shares of fast-moving consumer goods (FMCG) companies as defensive bets, putting their weight behind them in a falling market.
Astronomers, scientists besides the people in thousands had gathered for the early morning show, but were disappointed as they could not witness the actual eclipse because of a cloudy sky.
Industry leaders are predicting hybrid cloud to be the next biggest trend in cloud computing.
The wreckage of the Pepsu Roadways Transport Corporation bus was found 300 metres down from the green tax barrier of the Allo (potato) ground in the middle of the Beas river in Manali on Saturday and a search is on for the 11 passengers.
In its chargesheet filed before a special court in New Delhi, the CBI has named Raghuvanshi and Pathak as accused in the alleged violation of the Official Secrets Act and related offences, they said.
On day three after a flash flood wreaked havoc in Sikkim's Teesta basin, the number of bodies recovered from the river and mud embankments downstream rose to 22, including seven army men.
With an endless number of star kid debuts in the offing, we thought of looking at how this decade's brigade compares to their mums, dads, uncles or siblings.
England, chasing 251 to win the must-win third Ashes Test, closed the rain-delayed day three on 27/0.
Fulfilling the quota requirements while fielding a competitive team has long been a sensitive issue but after a poor 2019, returning to winning ways looks to be the immediate priority of the four selectors, two of whom are black.
'But unlike Bond who killed an individual, Israel is killing a nation.'
'From passing the ball in the right passages to the defence to amazing guarding of the goals by Sandhu throughout the tournament it has been a top notch performance from the entire squad.'
Roles ranging from digital marketing to wealth management are some of the emerging roles, notes Sekhar Garisa, CEO, foundit, a job search app.
The tech creators, or the ones who made billions, asks Ajit Balakrishnan.
'We spent considerable time re-skilling all the employees, and then we created a new focus called the 'One Infosys'.'
'What we did in this (1971) war and with what motive (was incredible).' 'We helped Bangladesh become an independent country, and the very next day, we left their soil and came back to our country.'
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