India Inc on Sunday hailed the Union Budget 2026-27 as a 'structural shift' in the country's technology landscape, noting that the government is moving beyond fragmented pilots to build foundational layers where AI serves as a 'horizontal enabler' for the entire economy.
The Indian financial and payments systems remained largely unaffected by the Microsoft services outage, though about 10 banks and NBFCs faced minor disruptions which have either been resolved or are being fixed.
Vignesh, N Jagadeesan and Washington Sundar were the only three players wearing woolen headgear
Tata Communications on Wednesday announced that it would acquire NYSE-listed Kaleyra, a global omnichannel integrated communication services provider with a set of proprietary platforms offering targeted personalisation through messaging, video, push notification, e-mails and voice-based services, and chatbots. The acquisition is an all cash deal. Tata Communications has agreed to acquire Kaleyra at a price per share of $7.25, for a total consideration to Kaleyra shareholders of approximately $100 million, besides the assumption of all outstanding debt.
Following his resignation, the second this week, the Congress' strength further slipped to 13, while the opposition has 14 MLAs in the 33-member house which has five vacancies.
'Every time they denied me a post, the Congress said that the high command doesn't approve of me.'
HDFC Bank has reshuffled the portfolios of its senior management team. This is the first major rejig after the amalgamation of HDFC Ltd on July 1. "The runway for our growth is large. This change is being done to bring in a very sharp focus on leveraging what we have built and for enhanced execution," said Sashidhar Jagdishan, managing director and chief executive of HDFC Bank, explaining the reason for this overhaul.
Ending the more than a month long suspense over cabinet formation, five ministers, including two from the Bharatiya Janata Party, were inducted in the Chief Minister N Rangasamy-led National Democratic Alliance cabinet.
HDFC Bank on Thursday said network outages that led to a regulatory ban on new credit card sales were not due to transaction volumes, and affirmed that it continues to stay in touch with the RBI for restarting the services but giving a timeline for it will be difficult. The bank said it is on its way to creating a new technology architecture for the future as part of the "digital factory" and "enterprise factory" initiative. But, it conceded that outages will continue under the older system though it will be working to minimise the time taken to bring the service back. In December 2020, the RBI took the unprecedented step of stopping the largest private sector lender from selling any new credit cards and also launching new digital services, because of a series of network outages.
Recently, the Madurai bench of the Madras high court has ordered that the probe into the girl suicide matter will be transferred to the CBI.
'Funds based on this theme offer socially conscious investors an option to invest in a portfolio that is aligned to their beliefs.'
The Supreme Court collegium has for the second time reiterated the names of two advocates -- Amitesh Banerjee and Sakya Sen -- for appointment as judges of the Calcutta high court "expeditiously", saying it was not open for the government to repeatedly send back the same proposal.
Reader Lakshminarayanan Devarajan sent us this picture from London.
It has also filled a key gap in its payment systems team by hiring Ravi Byakod, a senior Google engineer.
The Indian automotive industry has the potential to reach a size of $33 to 40 billion by 2015 from the current $6.7 billion, chairman of 'CII Auto SCM India 2004,' M Lakshminarayanan, said in Chennai on Friday.
After facing multiple outages that irked the regulator, the country's largest private sector lender, HDFC Bank, is revamping its technology infrastructure by making large scale investments, wherein it is bringing new talent, getting into cloud-native stacks, a shift from the traditional monolithic IT infrastructures, and working with strategic partners for better products and services. The bank management is clear that it will do whatever it takes in line with its growth path to ramp up its technology infrastructure.
'There will be partnerships between banks and fintech firms, but there will also be areas where they will be direct competitors.'
India-born Lakshminarayanan Mahadevan of Harvard University and Enrique Cerda Villablanca of Chile University have received the 2007 Ig Nobel Prize at Harvard University in Cambridge, Massachusetts
An Indian Institute of Technology-Chennai (IIT) alumnus has come up with instructions on how to make a flying carpet, just like the one in Walt Disney's creation 'The Arabian Nights'.
The Congress-led government in Puducherry on Monday lost the confidence vote sought by Chief Minister V Narayanasamy, in the face of its depleted strength of 11 against the opposition's 14 following resignation of ruling dispensation MLAs, including a Dravida Munnetra Kazhagam legislator.
Indian exports of information technology products to UAE is expected to go up by 25 per cent in the year 2003-2004, buoyed by increasing demand from the region, Africa and Russia, a top IT official has said.\n\n\n\n
The former India batsman was unbeaten on 68 as Mumbai rallied from 87 for 5 to 171 without further loss at stumps on day 2 of the Ranji Trophy match against Madhya Pradesh.
After an initial close fight, AINRC managed to win only eight seats, including the Indira Nagar constituency by party founder and Chief Minister N Rangasamy.
Capillary Technologies building AI-backed products to empower offline retailers
Who will replace Chandra at TCS if moves to Tata Sons?
'India is too large a place to have just 10 labs performing these Covid-19 tests.'
Flipkart's valuation of $15.2 bn arrived at during latest round of $700-mn fund raise.
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