Non-banking entities such as fintech firms will have to tap into use cases beyond peer-to-peer (P2P) and peer-to-merchant (P2M) transactions to scale up the presence of the retail version of the central bank digital currency (CBDC), which is also known as the e, said industry players. These use cases will enable programmable transactions across domains, including the government's direct benefit transfer (DBT) schemes, with subsidies restricted to specific purposes such as food coupons, hospital bills, fertilisers, pesticides, and cross-border remittances.
The Indian IT services industry is expected to clock revenue growth in the mid-single digit for the financial year 2024-2025 (FY25), according to a report by Icra for the year.
The two-hour matches played over 15 holes are held indoors on a playing surface similar in size to an American football field.
The Budget 2025-26 meets the expectations of fiscal consolidation, maintaining capital expenditure, and boosting consumption through tax cuts.
'The country that does most of the visual effects, more than any other country, is India.' 'There are more Indians working on VFX in any major Hollywood film than there are in Indian films.'
Across the board, brands use influencers like a Bhuvan Bam or Kusha Kapila as the second or third rung of their strategy. The first rung is always a celebrity that has been created outside the Internet, through mainstream media.
'They sell such ideas in the name of 'national interest'.' 'What national interest are they talking about?' 'There is no national interest in this. The only interest that is there is their profit.'
Unless something changes, Mr Trump is a huge threat right now, which is perhaps not being recognised fully, cautions Debashis Basu.
With its age-old fascination for education, southern states have done better than the North. Start-ups, IT hubs, and industry majors setting up shop have changed the face of the South. Nearly 79% of global offices set up by international conglomerates in India are in the South. Almost 46% of tech unicorns are from the South. The GDP per person in the South is 4.2 times higher than the North. None of these indicators can be ignored by any central government, whatever the political compulsions, notes Ramesh Menon.
IT and interest rate-sensitive bank, realty, and auto stocks ended with sharp gains.
The share of companies where it would take over 100 years for a median employee to earn the equivalent of their top executive's annual salary rose to 65 per cent in FY24 from 61 per cent in FY19.
From the 30-share Sensex pack, Tata Consultancy Services, Titan, Infosys, Bharti Airtel, Bajaj Finance, ICICI Bank, HCL Technologies, and Tech Mahindra were the biggest gainers. NTPC and Asian Paints were the laggards.
rediffGURU Aamish Dhingra offers advice on how to navigate difficult situations in your career.
Tech is also being used to stem resignations, which have recorded a rise amid COVID-19.
'I certainly hope the two can avoid a trade war and believe they will.' 'I expect some in India will push for retaliatory tariffs if the Trump administration applies significant reciprocal tariffs.'
Divya Nair/Rediff.com speaks to students and experts to find out whether it is better to study management in India or try for an international MBA.
'Every Indian should move to an EV, and the government should not buy any fossil fuel cars. The government should become the first driver of EV adoption.'
From the 30 Sensex firms, Mahindra & Mahindra, State Bank of India, Bharti Airtel, Hindustan Unilever, Kotak Mahindra Bank, UltraTech Cement, Adani Ports, and Tata Steel were the biggest gainers. ICICI Bank, IndusInd Bank, Asian Paints, Tech Mahindra, Infosys, HCL Technologies, Tata Consultancy Services, and Larsen & Toubro were among the laggards.
As the Indian stock markets tumble under the panic set off by US President Donald Trump's tariff tantrums, three market experts weigh in on the reasons behind this fall, how much pain is left and how should investors adapt their strategies to invest in markets.
Amid heightened security measures, more than two crore devotees took a dip in the Sangam till 6 pm on Wednesday on the occasion of Maghi Purnima during the ongoing Maha Kumbh Mela in Prayagraj.
In today's rapidly evolving digital payment landscape, security concerns remain a top priority for stakeholders across sectors.
'What I hope to do is provide a vehicle for that scale and growth in literacy and English as a second language here.'
'The intensity and frequency of heatwaves will be much higher than in previous years over Punjab, Haryana, Rajasthan, Gujarat, Madhya Pradesh and Odisha.'
Khushi fares better in emotional scenes but her chemistry with Junaid has the passion of a toothpaste campaign, observes Sukanya Verma.
'We also realised that locking customers to our Cloud was not fair to them.'
Prime Minister Narendra Modi is set to hold bilateral meetings with US President Donald Trump and other prominent American personalities during his two-day visit to the United States.
In a major shift from his earlier stance, United States-President elect Donald Trump has expressed his support for the H-1B visa programme and acknowledged frequently using it for his own properties, calling it a 'great programme', according to a report by New York Post.
Several technology companies are seeking to step up hiring from Tier-II and Tier-III cities of India in 2024 to tap into a vast talent pool of skilled professionals churned out by educational institutions and training centres in these regions. Tier-II and Tier-III cities such as Thiruvananthapuram, Kochi, Coimbatore, Jaipur, Mohali, Vadodara, Chandigarh, and Indore contribute around 12-15 per cent of the country's tech talent, hinting towards the strong talent availability in these regions, according to Randstad India, a talent management firm.
8 of Hawk-Eye's high-speed cameras are spread over the ground, and two Hawk-Eye operators will be seated in the same room as the TV umpire, providing him with images obtained by them as part of the Smart Replay System.
Two years after his dismissive stance on India's AI potential raised eyebrows here, OpenAI CEO Sam Altman on Wednesday gave a ringing endorsement to Artificial Intelligence momentum in the country -- and billed India as an important market not just for the new-age technology itself but for the ChatGPT creator as well. In New Delhi on Wednesday, Altman -- while sharing dais with Union IT minister Ashwini Vaishnaw -- said India is the second biggest market for the company and that Open AI had tripled its users here in the last year.
The IT sector's fresher hiring is expected to rise by 20% to 25% for 2024-2025. The increase in hiring is driven by a focus on specialised skills catering to segments like AI, machine learning and data analytics.
Uber Technologies said it is doing a fresh round of recruitment for its India tech centres and is planning to hire 500 more tech employees by December. The app-based mobility and delivery company has a 1,000-member tech team across its centres in Hyderabad and Bengaluru. The firm said the hiring plan is a testament to Uber's commitment to India, and its recognition of the engineering talent in the country. Uber hired 250 engineers to its India teams in 2021.
'It showed me that this man had courage. He makes his own decisions, but he also trusted me enough in that moment to walk with me into the crowd,' Modi tells Lex Fridman on his podcast.
'Look at the amazing combination of you coming from Punjab, me coming from Chennai, and we are making a Marathi film.'
'Silicon Valley people are generally used to layoffs.' 'Every person who has been in the industry for 15-20 years would have been laid off at least 3-4 times.' 'In India, we aren't used to that concept.' 'So when it came here, people were shocked.'
Benchmark BSE Sensex closed above the historic 66,000-mark for the first time while NSE Nifty hit a new all-time closing high driven by heavy buying in IT counters and fresh foreign fund inflows. Optimism in global equity markets also helped the local markets maintain their winning momentum for a second day. The 30-share BSE Sensex jumped 502.01 points or 0.77 per cent to settle at its new all-time closing high of 66,060.90.
The extension aims to facilitate negotiations for a solution that safeguards national security and allows the app to continue operating in the United States. Trump proposed a joint venture granting the US a 50 per cent ownership stake in TikTok.
Modi will arrive in New York on June 20 and will lead the 9th International Yoga Day celebrations at the UN headquarters on June 21.
'...an hour before he was hanged from the film Badal, 'Apne liye jiye toh kya jiye'... 'I saw eight hangings -- Ranga and Billa, Maqbool Bhat, Kartar Singh and Ujagar Singh (Dr N S Jain murder case), Satwant Singh and Kehar Singh (Indira Gandhi assassination case) and Afzal Guru.'
