Research and development (R&D) spending by BSE 100 companies has grown steadily, rising from 0.89 per cent of revenue in FY20 to 1.32 per cent in FY24, averaging around 1 per cent over the period in-between, according to data compiled from Bloomberg and company annual reports. Also, these companies more than doubled their R&D spending in absolute terms over these five years: From Rs 25,041 crore to Rs 63,072 crore. While this reflects a prioritisation of innovation, corporate R&D investment remains relatively conservative.
India and the US also agreed to support the efforts of the Harvard Business School and the Indian Institute of Management Ahmedabad to develop a cluster map.
Generative AI (GenAI) has the potential to add a cumulative $1.2-1.5 trillion to India's GDP over the next seven years, according to a report by EY. The report titled 'AIdea of India: Generative AI's potential to accelerate India's digital transformation' says that in 2029-30 alone, GenAI can contribute an additional $359-438 billion to India's GDP. The report said that around 69 per cent of the overall impact of GenAI on India's GDP is expected to be derived from sectors such as business services (including IT, legal, consulting, rental of machinery and equipment, and others), financial services, education, retail, and healthcare.
Bharat Biotech on Wednesday said a study has demonstrated that a booster dose of Covaxin has a neutralising effect on the Omicron and Delta variants of COVID-19.
Modi said India's next general elections will be held in 2024 and he invited G20 delegates to visit the country to witness the "festival of democracy" in the "mother of democracy".
Engineering graduates specialising in artificial intelligence and machine learning can earn up to 24 lakh a year, says Saran Balasundaram, founder and CEO, HanDigital, a talent consulting firm.
According to the report, on the MNC R&D ecosystem titled 'attrition, hiring and salary increase 2013' India currently hosts 1,031 MNC R&D centers, growing at around 4 per cent year or year, with an overall employment base of 2,44,000 growing at about 11 per cent year on year.
Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, has been named as the new CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations.
According to an official statement, the FDA has determined that the Moderna COVID-19 vaccine has met the statutory criteria for issuance of an emergency use authorisation (EUA).
Mumbai, Bangalore, Kolkata are cities of global repute.
The unmanned space telescope, which launched in 2009, leaves a legacy of more than 2,600 planet discoveries from outside our solar system
Besides being the President, 62-year-old Xi is already General Secretary of the ruling Communist Party and Chairman of the Central Military Commission.
Nikita Puri introduces the Indian teenager who has joined the league of innovators with celestial bodies named after them.
Why spend so much moolah on pursuing an MBA degree, when you can advance your career with these career options.
Dinesh Patel, Utah's most high profile and influential Indian American, was conferred the Willem J Kolff Lifetime Achievement Award at BioUtah's 2013 Utah Life Science Award, the state's top science award ceremony.
A 25-year quest by nearly 1,000 scholars to document and present one of the world's oldest living traditions came to fruition when the 'Encyclopedia of Hinduism' was unveiled in Columbia.
Mitra Biotech's personalised cancer therapy could be a game changer in the field of cancer medicine.
Seeking a peaceful and secure neighbourhood amidst threat of terrorism and extremism, India and Kyrgyzstan on Sunday signed four agreements including one on bolstering defence cooperation and holding annual joint military exercises.
Transcript of the Ganesh Natarajan chat on rediff on Friday.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
Arvind Subramanian talks about US and China's power play and where India figures in these dynamics.
In his address to the Harvard class of 2017, Thursday, he shared his Harvard memories and spoke about finding purpose and meaning in one's life.
Facebook founder Mark Zuckerberg and wife Priscilla Chan introduced their daughter Maxima to the world with a beautiful and thoughtful letter.
'I always used to say ignore the trolls and move on and focus on your fans and friends,' Sreenath Sreenivasan tells Rediff.com's Monali Sarkar. 'That was easy for me to say. But now when I say it, I really mean it.'
"The poor will not suffer disproportionately due to bouts of sharp inflation, and the middle class will not see its savings eroded," Raghuram Rajan said.
