News for 'data transformation'

CTRL Review: Masterful Thriller

CTRL Review: Masterful Thriller

Rediff.com4 Oct 2024

Sukanya Verma recommends watching CTRL on a computer for an eerie, immersive, real-time experience.

Modi's message to new IAS batch: Take reform, perform, transform to next level

Modi's message to new IAS batch: Take reform, perform, transform to next level

Rediff.com17 Mar 2022

Prime Minister Narendra Modi on Thursday asked trainee officers at Mussoorie's Lal Bahadur Shastri National Academy of Administration to never lose sight of the biggest goal of evolving India into a modern and self-reliant country.

BSE 100 companies boost R&D, innovation challenges persist

BSE 100 companies boost R&D, innovation challenges persist

Rediff.com13 Oct 2024

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.

RBI recognises FACE as fintech SRO

RBI recognises FACE as fintech SRO

Rediff.com29 Aug 2024

The Reserve Bank of India (RBI) has recognised the Fintech Association for Consumer Empowerment (FACE) as a self-regulatory organisation (SRO) in the fintech sector, the central bank announced on Wednesday. The banking regulator received three applications for fintech SRO. Of the remaining two applications, one has been returned by the RBI with a provision for resubmission after meeting specific requirements, while the third application is still under examination, said Governor Shaktikanta Das at the Global Fintech Fest in Mumbai.

How GenAI Will Impact Jobs

How GenAI Will Impact Jobs

Rediff.com23 Apr 2024

Jobs specialising in the creation and management of AI tools may witness rising salaries due to the niche expertise they require. Skills in AI research, development and the practical application of AI tools in business settings will also see strong demand.

Customs duty cut on silver likely to give Centre breather for now

Customs duty cut on silver likely to give Centre breather for now

Rediff.com7 Aug 2024

The steep cut in Customs duty on silver in the FY25 Budget to 6 per cent from 15 per cent may provide the government temporary relief by checking the spurt in silver imports from the United Arab Emirates (UAE) under the Comprehensive Economic Partnership Agreement (CEPA). In FY24, silver imports from the UAE jumped to $1.7 billion from only $11.18 million in FY23, according to commerce department data. In May, about 87 per cent of India's silver imports came from Dubai.

Powerplays key at T20 World Cup? Langer unsure

Powerplays key at T20 World Cup? Langer unsure

Rediff.com15 May 2024

Langer admitted that they had struggled in the powerplay.

LTIMindtree chief talks about the company's growth drivers

LTIMindtree chief talks about the company's growth drivers

Rediff.com28 Jul 2024

'We added a significant number of freshers in Q1. You will see a good number of hiring in Q2 as well.'

Microsoft plans to set up Rs 15,000-crore data centre in Telangana

Microsoft plans to set up Rs 15,000-crore data centre in Telangana

Rediff.com28 Jul 2021

US tech giant Microsoft is in the final stages of talks with the Telangana government to set up a data centre with a total investment of Rs 15,000 crore. According to sources in the state government, the company has zeroed in on a land parcel near Hyderabad for the facility. "In the information technology (IT) space, Telangana is already seeing some major investments. "Microsoft is establishing its data centre here, and it may come out with a public announcement soon," said a source.

Cong bastion Konkan now a battleground for Sena vs Sena

Cong bastion Konkan now a battleground for Sena vs Sena

Rediff.com18 Oct 2024

All eyes are now on the Sena factions, led by CM Shinde, backed by the BJP, and his predecessor Uddhav Thackeray, and their performance in the coastal belt in the November 20 polls.

Dharavi redevelopment gets boost as residents back survey

Dharavi redevelopment gets boost as residents back survey

Rediff.com4 Aug 2024

Representatives of Citizen and Society Development Welfare, who have given the slogan of Dharavi Banao Andolan, met Srinivas and submitted a memorandum seeking expedition of the survey being conducted in Dharavi.

What Nilekani said about unleashing AI for enterprises

What Nilekani said about unleashing AI for enterprises

Rediff.com26 Jun 2024

Unlike AI uses for consumers, the next generation technology for enterprises will unfold over several years and the biggest challenge is to unleash AI for next wave of productivity for businesses, Infosys chairman Nandan M Nilekani said on Wednesday. While speaking at 43rd annual general meeting (AGM) of Infosys, Nilekani said the initial AI doomerism has quietened down and people have accepted that, like any other general-purpose technology -- electricity, nuclear energy, the internet etc, gen AI (generative artificial intelligence) has enormous potential for good when advanced within the guardrails of responsibility.

Jio, Microsoft team up for digital transformation

Jio, Microsoft team up for digital transformation

Rediff.com12 Aug 2019

The alliance combines capabilities of both the companies to offer a set of solutions comprising connectivity, computing, storage solutions, and other technology services and applications required by Indian businesses, and will span the broad Reliance Industries ecosystem, including its existing and new businesses.

Penny Stocks That Could Have Made You A Millionaire

Penny Stocks That Could Have Made You A Millionaire

Rediff.com27 Aug 2024

Had you invested Rs 10,000 each in JSW Steel, Titan Company and Bajaj Finance 20 years ago, when they were just penny stocks (trading below Rs 10), you would have become a millionaire by now.

MFs Pump Rs 1.8 Trillion Into Markets

MFs Pump Rs 1.8 Trillion Into Markets

Rediff.com29 Jun 2024

Domestic institutional investors pumped Rs 2.3 trillion into equities during H1 CY24. Of this, mutual funds contributed 80%.

AI Disruption Is REAL & Happening FAST!

AI Disruption Is REAL & Happening FAST!

Rediff.com28 Aug 2024

When AI is used to enhance operational efficiency, businesses can deliver the same product or service but with improved quality, faster, or even at a reduced cost

Adani gives Teachers' Day lecture at college that rejected him

Adani gives Teachers' Day lecture at college that rejected him

Rediff.com5 Sep 2024

Gautam Adani had in the late 1970s applied to join a Mumbai college for education, but the college rejected his application. He did not pursue education but turned to business and went on to build a $220 billion empire. About four-and-a-half decades later, he gets called to the same college to deliver a lecture to students on Teachers Day. Adani had moved to Mumbai at the age of 16 and started working as a diamond sorter.

GenAI can add $1.5 trn to GDP by 2030: EY

GenAI can add $1.5 trn to GDP by 2030: EY

Rediff.com18 Dec 2023

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.

Modi's Viksit Bharat WhatsApp message a poll code breach: Cong to EC

Modi's Viksit Bharat WhatsApp message a poll code breach: Cong to EC

Rediff.com18 Mar 2024

Congress MP Shashi Tharoor tagged a post of a person raising the issue of privacy over the prime minister's letter being received by persons living abroad.

Rajnath's military mantra: Synergised, swift, proportionate response

Rajnath's military mantra: Synergised, swift, proportionate response

Rediff.com5 Sep 2024

Defence Minister Rajnath Singh on Thursday called upon the top military brass to analyse the conflicts in Ukraine and Gaza as well as the current situation in Bangladesh to "predict" any future problems and stay prepared to deal with the "unexpected".

What does a Big Data Analyst do?

What does a Big Data Analyst do?

Rediff.com22 Jan 2019

Enterprise data management will be a USD 105 bn business by 2020.

Anomaly in Facebook poll spend data

Anomaly in Facebook poll spend data

Rediff.com15 Jun 2019

'Unknown' location advertisement spends were nearly 74% higher than the next biggest spender, Uttar Pradesh.

Salt reckons KKR got rub of the green; technology always a good thing

Salt reckons KKR got rub of the green; technology always a good thing

Rediff.com22 Apr 2024

KKR fielding coach Ryan Ten Doeschate, a member of their 2014 IPL title winning team under Gautam Gambhir, credited Narine's transformation to the former skipper who is now the mentor of the side.

Can Rs 10K SIP Make You Rs 3 CRORE?

Can Rs 10K SIP Make You Rs 3 CRORE?

Rediff.com16 Oct 2024

Imagine transforming a modest Rs 10,000 monthly investment into a steady Rs 1 lakh monthly income in your retirement years. This is the power of compounding -- a strategy that rewards you for starting early and staying consistent with your investments, says Ramalingam Kalirajan.

From data security to AI in agriculture, Modi, Pichai hold wide-ranging talks

From data security to AI in agriculture, Modi, Pichai hold wide-ranging talks

Rediff.com13 Jul 2020

We spoke on a wide range of subjects, particularly leveraging the power of technology to transform the lives of India's farmers, youngsters and entrepreneurs, the PM said.

'86% executives using AI to boost revenue'

'86% executives using AI to boost revenue'

Rediff.com16 May 2024

As many as 86 per cent of senior business executives have deployed artificial intelligence (AI) to enhance revenue streams or create new ones, said a report by Tata Consultancy Services (TCS) on Wednesday. As many as 69 per cent of businesses are more focused on using AI for innovation and increasing revenue than on improving productivity and optimising cost, said the 'TCS AI for Business Study'.

'It's Not Sexualised Nudity'

'It's Not Sexualised Nudity'

Rediff.com16 Oct 2024

'I made it very clear even at the casting process that there was going to be a lot of nudity.' 'And I wanted to be sure that it would be done with ease.'

Your data, a marketer's gold

Your data, a marketer's gold

Rediff.com13 Sep 2017

Your digital footprints give marketers deeper insights about who their customers are.

What's behind the record rise of ICICI Bank stock?

What's behind the record rise of ICICI Bank stock?

Rediff.com4 Jul 2024

ICICI Bank share price hits record high, ICICI Bank m-cap tops $100 billion: Shares of ICICI Bank have been on a steady uptrend, rising 30 per cent over the past one year; not far behind Axis Bank stock that surged over 34 per cent during the period. The BSE Sensex, meanwhile, is up 25 per cent, and the BSE BANKEX 22 per cent in the last one year, ACE Equity data shows. On Wednesday, June 26, ICICI Bank shares hit a fresh record high for the third consecutive day, rising 2 per cent on the BSE in the intraday trade.

Adani to invest Rs 12,400 cr in projects in Telangana

Adani to invest Rs 12,400 cr in projects in Telangana

Rediff.com17 Jan 2024

Adani Group on Wednesday said it will invest over Rs 12,400 crore in an array of projects including a data centre, clean energy project, and a cement plant in Telangana. The group signed four memorandums of understanding (MoUs) for the investments at the World Economic Forum in Davos in presence of Telangana Chief Minister Revanth Reddy and Adani Group chairman Gautam Adani. The conglomerate's flagship firm Adani Enterprises will invest Rs 5,000 crore in setting up a 100 MW data centre that will use green energy while its renewable energy unit Adani Green Energy Ltd will spend an equivalent amount in setting up two pump storage projects.

In red-hot AI space, funds for Indian startups cooling down: Traxcn

In red-hot AI space, funds for Indian startups cooling down: Traxcn

Rediff.com11 May 2024

Venture capital (VC) and private equity (PE) funding for Indian startups in the artificial intelligence sector has seen a dramatic decrease with deal sizes shrinking, notwithstanding the buzz around the country's potential as a major AI hub. Data from research agency Traxcn, which tracks PE/VC investments, shows that total funding for AI startups in India, which started with a bang in 2022 at $599 million, dropped sharply in 2023 to $168.4 million - a decrease of over 71 per cent.

Rediff's Wave Rider Retires!

Rediff's Wave Rider Retires!

Rediff.com1 Nov 2024

We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.

Indians consume over 11 GB data a month, finds Nokia

Indians consume over 11 GB data a month, finds Nokia

Rediff.com27 Feb 2020

Cheap data plans, affordable handsets, increasing popularity of video services and 4G networks have helped average data consumption per user in India to grow to over 11 GB a month, telecom gear maker Nokia said on Thursday. Nokia -- in its annual Mobile Broadband India Traffic Index (MBiT) report -- said the overall data traffic in India increased by 47 per cent in 2019, driven by continued 4G consumption. 4G data constitute 96 per cent of the total data traffic consumed across the country, while 3G data traffic registered its highest ever decline of 30 per cent, it added.

Cognizant Tech to acquire Belcan for $1.3 bn in cash and stock

Cognizant Tech to acquire Belcan for $1.3 bn in cash and stock

Rediff.com11 Jun 2024

Nasdaq-listed Cognizant Technology Solutions has signed a definitive agreement to acquire global engineering company Belcan for about $1.3 billion (Rs 10,853.7 crore) in cash and stock. The transaction is expected to close in the September quarter. The total consideration includes $1.19 billion (Rs 9,935.31 crore) in cash and 1.47 million Cognizant shares, valued at $97 million (Rs 809.53 crore) based on the information technology services provider's closing share price on June 7, 2024.

Chilling numbers: 14,483 banking fraud cases in H1FY24

Chilling numbers: 14,483 banking fraud cases in H1FY24

Rediff.com27 Dec 2023

The number of frauds in the banking sector during the first half of the current financial year has increased substantially to 14,483 cases, although the amount involved is only 14.9 per cent of the previous year's amount, according to a RBI report. The report on Trend and Progress of Banking in India 2022-23, underlined the need to protect the banking system and the payments system from the risks of fraud and data breaches emanating from cyber threats. As many as 14,483 frauds were reported involving an amount of Rs 2,642 crore in the first half of current financial year, as compared to 5,396 cases (Rs 17,685 crore) in the same period a year ago.

Remembering Sushmaji's Twitter Diplomacy

Remembering Sushmaji's Twitter Diplomacy

Rediff.com24 Jun 2024

Ms Swaraj was a conscientious woman who understood suffering and pathos and attempted in her inimitable way to mitigate them, recalls Rup Narayan Das.

IT firms look at digital transformation to stay ahead

IT firms look at digital transformation to stay ahead

Rediff.com6 Jan 2014

With the world getting more and more instrumented with smart devices, global enterprises are increasingly looking at undertaking a 'digital transformation' journey to stay ahead in the race. Emerging technologies such as social, mobility, analytics and cloud have given birth to new business opportunities and forcing enterprises to finetune their IT buying decisions -- quite differently from what they used to do.

'Pick your battles', CJI cautions probe agencies

'Pick your battles', CJI cautions probe agencies

Rediff.com1 Apr 2024

Expressing concern over instances of 'unwarranted' confiscation of personal devices during raids, the CJI said they highlight the pressing need to strike a balance between investigative imperatives and individual privacy rights.

Share of women in urban salaried jobs at 6-year low in Q4FY24: PLFS

Share of women in urban salaried jobs at 6-year low in Q4FY24: PLFS

Rediff.com20 May 2024

The share of women employed in regular salaried jobs in urban India hit a fresh low in the January-March quarter (Q4) of 2023-24 (FY24). In the same period, the share of women engaged in self-employment went up. An analysis of the latest quarterly Periodic Labour Force Survey (PLFS) data showed the share of women in regular wage work among all employed women stood at 52.3 per cent in Q4FY24, down from 53 per cent in the previous quarter.

Digital transformation? Cost could be more than $100 trillion!

Digital transformation? Cost could be more than $100 trillion!

Rediff.com22 Jan 2016

According to the research, the digital transformation comes with its own share of risks.