News for 'IT Industry'

'Eknath Shinde Was Extremely Aggressive'

'Eknath Shinde Was Extremely Aggressive'

Rediff.com20 Aug 2026

'I've seen a lot of meetings over the years, but this was the first time I've seen the deputy chief minister and the industries minister sit through something like this with 200 to 300 industrialists, local residents and politicians from both the ruling side and Opposition, all in the same room.'

Chinese Robot runs 100m faster than Usain Bolt's record

Chinese Robot runs 100m faster than Usain Bolt's record

Rediff.com26 Aug 2026

A Chinese humanoid robot, Tiangong Ultra, achieved a remarkable feat by running the 100 metres in 8.64 seconds, surpassing Usain Bolt's human world record. This achievement occurred at the second World Humanoid Robot Games in Beijing, showcasing significant advancements in robot mobility and embodied artificial intelligence. The event highlighted the rapid progress in robotics, with spectators noting improved capabilities and developers seeing it as a crucial test bed for future applications.

Indian-origin engineer couple donates $20 mn to US varsity for AI college

Indian-origin engineer couple donates $20 mn to US varsity for AI college

Rediff.com10 Sep 2026

An Indian-origin engineer couple, Anuradha and Vikas Sinha, have donated $20 million to the University of North Texas (UNT) to establish the Anuradha and Vikas Sinha College of Artificial Intelligence and Advanced Analytics. This significant gift aims to create new opportunities for students and faculty, focusing on building and deploying intelligent systems and understanding their operation within human contexts. The donation underscores the couple's belief in education and immigrant contributions to the American dream, supporting leadership, scholarships, professorships, research, and entrepreneurship.

Indian Equities Decline as Profit-Taking Hits IT, FMCG Stocks

Indian Equities Decline as Profit-Taking Hits IT, FMCG Stocks

Rediff.com26 Aug 2026

Indian benchmark indices, Sensex and Nifty, closed lower on Wednesday, reversing early gains due to profit-taking and weakness in sectors like IT, FMCG, and consumer durables, despite support from lower crude oil prices.

$100 Oil Hits India's Import Bill

$100 Oil Hits India's Import Bill

Rediff.com8 Sep 2026

India's current account deficit could widen to 1.7 per cent of GDP, or about $71 billion, if crude oil prices stay above $90 a barrel for a significant part of the second half of FY27.

BRICS Summit Pushes For Safe And Inclusive AI Development

BRICS Summit Pushes For Safe And Inclusive AI Development

Rediff.com12 Sep 2026

BRICS leaders, in their New Delhi Declaration 2026, have called for wider access to Artificial Intelligence resources and stronger international cooperation to ensure the technology is safe, secure, inclusive, and reliable. The declaration outlines a broad technology agenda covering AI, cybersecurity, digital public infrastructure, telecom, quantum technologies, and advanced manufacturing, committing to implement the grouping's statement on 'Global Governance of Artificial Intelligence'.

When Will Tata Sons List?

When Will Tata Sons List?

Rediff.com13 Sep 2026

'Listing leads to greater transparency and shareholder oversight.'

AI Integration To Propel India's ER&D Revenue Beyond USD 100 Billion By 2030

AI Integration To Propel India's ER&D Revenue Beyond USD 100 Billion By 2030

Rediff.com1 Sep 2026

India's Engineering Research and Development (ER&D) sector is projected to exceed USD 100 billion in revenue by 2030, driven significantly by the integration of Artificial Intelligence (AI) into engineering workflows. This growth, highlighted by Nasscom, positions India as a critical global engineering hub, necessitating focus on talent development and strategic partnerships.

Nexon as Osprey: Tata Motors expands South Africa portfolio

Nexon as Osprey: Tata Motors expands South Africa portfolio

Rediff.com9 Sep 2026

Tata Motors Passenger Vehicles (TMPV) is strategically expanding its international footprint by launching the Nexon, rebranded as Osprey, in South Africa, a move set to significantly boost its export volumes and solidify India's position as a major automotive export hub.

Rs 1 Trillion Club Swells

Rs 1 Trillion Club Swells

Rediff.com2 Sep 2026

Newly listed companies Vedanta Aluminium Metal, SBI Funds Management and Manipal Health Enterprises have entered the Rs 1 trillion mcap list since March 2026.

Banks will take 3-4 months to deploy FCNR(B) flows: Setty

Banks will take 3-4 months to deploy FCNR(B) flows: Setty

Rediff.com11 Sep 2026

State Bank of India Chairman C S Setty stated that banks will take three to four months to deploy the significant funds mobilised through foreign currency non-resident (bank), or FCNR(B), deposits, which is unlikely to cause "abnormal lending". He also highlighted the need for agentic artificial intelligence (AI) costs to fall sharply for its widespread deployment in India, envisioning its role in transforming banking from fraud detection to personalised financial assistance.

Putin pitches NDB investment platform to deepen BRICS trade, technology ties

Putin pitches NDB investment platform to deepen BRICS trade, technology ties

Rediff.com11 Sep 2026

Russian President Vladimir Putin has proposed a new investment platform, based on the New Development Bank (NDB), to fund projects in trade, infrastructure, logistics, and technology across BRICS nations, emphasising that the grouping's expanding economic cooperation is not 'against anyone' but aims to advance members' national interests.

India's Trade Deficit with BRICS Nations Surges to $226.1 Billion

India's Trade Deficit with BRICS Nations Surges to $226.1 Billion

Rediff.com9 Sep 2026

India's total goods trade with BRICS nations more than doubled from FY21 to FY26, reaching USD 417.5 billion, but a significant surge in imports, particularly from China and Russia, has caused India's trade deficit with the bloc to more than triple, reaching USD 226.1 billion.

ISRO Bets Big on Space Startups

ISRO Bets Big on Space Startups

Rediff.com24 Aug 2026

'ISRO will not manufacture any launch vehicles. That will all be done by the private sector or public sector undertakings.'

ISRO staring at privatisation? Employee associations seek clarity

ISRO staring at privatisation? Employee associations seek clarity

Rediff.com6 Sep 2026

Nine employee associations at ISRO have written to Chairperson V Narayanan, seeking official clarification on the proposed transfer of manufacturing and operational functions to private entities. They raised concerns about ISRO's future role, employee consequences, and recruitment, following comments by IN-SPACe chairperson Pawan Goenka regarding ISRO's eventual exit from launch vehicle manufacturing.

RBI's New Data Rules Force Banks, NBFCs to Rework Fintech Partnerships

RBI's New Data Rules Force Banks, NBFCs to Rework Fintech Partnerships

Rediff.com27 Aug 2026

Indian banks and non-banking financial companies (NBFCs) are undertaking a comprehensive review and reset of their engagement terms with fintech firms, driven by the Reserve Bank of India's (RBI) draft Guidance on Regulatory Expectations for Data Governance and the stringent compliance requirements of the Digital Personal Data Protection (DPDP) Act, 2023, and its 2025 Rules.

Hexaware Names Vivek Jetley New CEO To Drive AI Growth

Hexaware Names Vivek Jetley New CEO To Drive AI Growth

Rediff.com2 Sep 2026

Hexaware Technologies has announced Vivek Jetley as its CEO-Designate, succeeding Srikrishna Ramakarthikeyan. Jetley will take over on October 28, 2026, with a mandate to accelerate growth and scale the company's AI-led services globally, leveraging his extensive experience in AI and enterprise transformation.

Premiumisation to fuel 8-11% residential sales value growth in top 7 cities by FY27: Icra

Premiumisation to fuel 8-11% residential sales value growth in top 7 cities by FY27: Icra

Rediff.com27 Aug 2026

Icra predicts that the top seven Indian cities will see an 8-11 per cent year-on-year growth in housing sales value by FY27, reaching approximately 7.9 trillion, primarily driven by the ongoing trend of premiumisation and a favourable product mix.

Tata Sons narrows chairman search to T V Narendran, Saurabh Agrawal, and NSE's Ashish Chauhan a 'dark horse'

Tata Sons narrows chairman search to T V Narendran, Saurabh Agrawal, and NSE's Ashish Chauhan a 'dark horse'

Rediff.com5 Sep 2026

The search for N Chandrasekaran's successor as Tata Sons Chairman has reportedly narrowed to Tata Steel CEO T V Narendran, Tata Sons Executive Director Saurabh Agrawal, and NSE MD & CEO Ashish Chauhan, with Chauhan emerging as a potential 'dark horse' candidate.

Carmakers ramp up production for festive season, but high base and inventory risks loom

Carmakers ramp up production for festive season, but high base and inventory risks loom

Rediff.com22 Aug 2026

Indian passenger vehicle manufacturers are significantly increasing production and stocking dealerships in anticipation of strong festival season demand, with new launches planned and supply bottlenecks being addressed. However, the industry faces potential moderation in growth during the second half of FY27 due to a high base from last year's post-GST surge, commodity inflation, and elevated inventory levels.

Hospitals Oppose Room Rate Cap

Hospitals Oppose Room Rate Cap

Rediff.com27 Aug 2026

'Indian private sector hospitals provide quality healthcare at a fraction of the global cost.'

What Will Modi-Putin Discuss?

What Will Modi-Putin Discuss?

Rediff.com11 Sep 2026

One of the important topics of discussion between the two leaders is expected to be the Northern Sea Route and the Chennai-Vladivostok Maritime Corridor.

Apple's iPhone 18 Series, Foldable Duo See Significant Price Hikes in India

Apple's iPhone 18 Series, Foldable Duo See Significant Price Hikes in India

Rediff.com11 Sep 2026

Apple's upcoming iPhone 18 lineup is set to cost 20 to 43 per cent more in India, primarily due to rising global memory component costs and a depreciating rupee, while the new foldable iPhone Duo will be priced between Rs 3 lakh and Rs 4.5 lakh, matching the cost of some hatchback cars.

JAKSON Group Names Ivan Saha As Managing Director For Solar Business

JAKSON Group Names Ivan Saha As Managing Director For Solar Business

Rediff.com27 Aug 2026

JAKSON Group has appointed Ivan Saha as the Managing Director of its integrated Solar Manufacturing business. Saha, with over 31 years of experience in the semiconductor, solar, and sustainable energy sectors, will oversee technology, operations, and business growth, supporting JAKSON's expansion and backward integration plans in the solar value chain.

'West Bengal Doesn't Need To Experiment With The Bulldozer'

'West Bengal Doesn't Need To Experiment With The Bulldozer'

Rediff.com8 Sep 2026

'We have a very demanding electorate which expects us to do something. So we will have to do something which is a bit out of the ordinary while at the same time keeping in mind the risk factors.'

Muzaffar Ali: 'Asha Bhosle Was Never Just A Voice'

Muzaffar Ali: 'Asha Bhosle Was Never Just A Voice'

Rediff.com9 Sep 2026

'Ashaji has not left the human heart. That is her true mehfil. That is where she resides -- unfading, unending.'

Will She Be Bollywood's Next Star?

Will She Be Bollywood's Next Star?

Rediff.com27 Aug 2026

Aarushi Bajaj is all set to star in her first Hindi film, Don't Be Shy, produced by Alia Bhatt.

We are ready to give up reservations if...: Athawale

We are ready to give up reservations if...: Athawale

Rediff.com9 Sep 2026

Union Minister Ramdas Athawale stated that opposing reservation is unconstitutional and that the policy would be given up if casteism is eliminated. He highlighted the historical context of reservations for SC/ST and OBCs, and the Modi government's EWS quota. Athawale also criticised the opposition, praised government achievements, and discussed various welfare schemes and infrastructure projects in Chhattisgarh.

BRICS 2026: India's Chance To Make Diplomatic Gains

BRICS 2026: India's Chance To Make Diplomatic Gains

Rediff.com12 Sep 2026

For India, the goal is not simply to host another grand diplomatic gathering. It is to prove that a diverse coalition of emerging powers can still deliver.

India-UK FTA: Alcobev Industry Welcomes Tariff Cuts, Domestic Makers Seek Level Playing Field

India-UK FTA: Alcobev Industry Welcomes Tariff Cuts, Domestic Makers Seek Level Playing Field

Rediff.com17 Jun 2026

Industry bodies representing alcoholic beverage manufacturers have welcomed the India-UK Free Trade Agreement (FTA), which will see tariffs on UK whisky and gin reduced, boosting bilateral trade and supporting premiumisation. However, domestic manufacturers are calling for state governments to withdraw concessions currently enjoyed by imported liquor brands.

The High Cost Of Defending The Rupee

The High Cost Of Defending The Rupee

Rediff.com10 Sep 2026

The FCNR (B) stratagem relies on using public money to defend the rupee. The State subsidises foreign borrowing to attract dollars. This tool requires large-scale borrowing to make a material difference against a gross external flow of $11 billion a day. A commensurately large fiscal cost falls upon the exchequer. The ministry of finance will choose how much it is willing to spend in exchange for this round number, points out Ajay Shah.

How IIT Dhanbad's New Optical Sensor Revolutionises Structural Monitoring

How IIT Dhanbad's New Optical Sensor Revolutionises Structural Monitoring

Rediff.com20 Aug 2026

Researchers at IIT (ISM) Dhanbad have secured a patent for a novel temperature-independent optical sensor designed to precisely measure structural tilt in two directions. This lightweight sensor, utilising Fiber Bragg Grating (FBG) technology, offers enhanced monitoring capabilities for various applications including bridges, robotics, aerospace, and geotechnical systems, promising low maintenance and long-term stability checks.

Indian IT Firms Spend $1.1 Billion To Strengthen STEM Pipeline In US

Indian IT Firms Spend $1.1 Billion To Strengthen STEM Pipeline In US

Rediff.com26 Aug 2026

Nasscom said while the visa programme has been used by companies to address the skill gap in the US by bringing in foreign employees, the number of H-1B employees from Indian companies have come down substantially over the last decade.

'Uttam Kumar Showed Us The Journey Of A Superstar'

'Uttam Kumar Showed Us The Journey Of A Superstar'

Rediff.com4 Sep 2026

'It's a matter of pride for us that a man from Bengal is ruling hearts all over the world.'

Mirzapur OTT Series Explained Before You Watch The Movie

Mirzapur OTT Series Explained Before You Watch The Movie

Rediff.com3 Sep 2026

Dive into the gritty world of Mirzapur, as we explore its pivotal characters, intricate plotlines, and the ruthless power struggles that define this popular Indian crime saga ahead of its anticipated feature film.

TCS inks 1.25 billion Porsche deal, acquires German auto giant's IT unit MHP

TCS inks 1.25 billion Porsche deal, acquires German auto giant's IT unit MHP

Rediff.com25 Aug 2026

Tata Consultancy Services (TCS) has announced a five-year strategic deal with German automaker Porsche AG worth 1.25 billion (nearly 14,000 crore), which includes the acquisition of Porsche's wholly-owned subsidiary MHP Management- und IT-Beratung GmbH for 320 million (around 3,574 crore). This move is set to significantly expand TCS's consulting footprint in Germany and the broader European market, giving it access to MHP's customer base and specialised talent.

BRICS summit: Delhi hotels fully booked, rates soar

BRICS summit: Delhi hotels fully booked, rates soar

Rediff.com8 Sep 2026

Luxury hotels in Delhi are experiencing a significant room crunch and a sharp increase in tariffs ahead of the BRICS Summit. Many marquee properties show no availability or are quoting rates exceeding six figures per night around the September 12-13 event, highlighting a gap in India's hospitality infrastructure.

Now, Tiangong Ultra Chinese robot runs 100 metres in 8.86 seconds!

Now, Tiangong Ultra Chinese robot runs 100 metres in 8.86 seconds!

Rediff.com26 Aug 2026

China's Tiangong Ultra humanoid robot has set a new 100-metre sprint record of 8.86 seconds at the World Humanoid Robot Games in Beijing, significantly surpassing Usain Bolt's human world record of 9.58 seconds.

Nagarmal Bajoria, man who contested around 300 elections, dies at 97

Nagarmal Bajoria, man who contested around 300 elections, dies at 97

Rediff.com4 Sep 2026

Nagarmal Bajoria, a 97-year-old Bihar businessman known as "dharti pakad" for contesting nearly 300 elections, has passed away. A Partition refugee, Bajoria challenged prominent leaders including Indira Gandhi and Atal Bihari Vajpayee, aiming to raise public awareness about the electoral process rather than seeking power. His unique campaign style and unwavering spirit left a lasting impression.

Can TCS Survive Chandra's Exit?

Can TCS Survive Chandra's Exit?

Rediff.com24 Aug 2026

N Chandrasekaran's exit marks a major shift for TCS, leaving its leadership to navigate AI disruption without the group chairman's deep expertise.