Siemens delivered a strong margin performance and also reported high other income to beat consensus in the January-March quarter (Q2) of FY24 (the company's year-end is September 30). In addition, it has opted to demerge the energy vertical with a 1:1 award of shares in the newly demerged entity which will be listed by the end of this year (CY25).
'These include economic prosperity, a promising future for youth, empowerment for women, a thriving society, robust healthcare, quality education, elevated living standards, agricultural prosperity, and robust social security coupled with effective governance.'
Here are the highlights of the monetary policy announced by RBI governor Shaktikanta Das on Friday.
'The hiring in India will be primarily around skills in data engineering, AI, and product engineering.'
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.
The securities regulator's approval for the first US-listed exchange traded funds (ETF) to track bitcoin has given Indian cryptocurrency companies hope that the move would create domestic support for the digital assets. The US Securities and Exchange Commission (SEC) on Thursday approved 11 ETFs for bitcoin, perhaps the most popular virtual currency. It would enable investors to access bitcoin without challenges such as setting up wallets or accounts with crypto exchanges that have previously suffered cyberattacks or implosion.
'This Lok Sabha election is more of a trial for GenAI content.'
The DigiLocker platform, launched on July 1, 2015, by Prime Minister Narendra Modi, has 2.1 million registered users and 2.4 million documents have been uploaded
Digital services work best when the seller designs a system where default options are designed to help the buyer, says Debashis Basu.
Reliance Industries Ltd on Monday announced an agreement to invest alongside Brookfield Infrastructure and Digital Realty in special purpose vehicles developing data centres in India. Reliance will hold a 33.33 per cent stake in each of the five Indian special purpose vehicles and become an equal partner, the company said in a statement. Digital Realty Trust, Inc is the largest provider of cloud and carrier-neutral data centre, colocation and interconnection solutions globally with 300+ data centres across 27 countries.
Google was using Tata Trust's rural network for the same
It's time the government accepts that Digital India is too distant.
From educating people about the internet, connecting far-flung areas with a high-speed net, promoting entrepreneurship, building start-up incubators, women empowerment, to even running a voter registration campaign, cybersecurity and counter-terrorism, Facebook and Google have done it all for the government.
PC maker HP has joined hands with Google to manufacture Chromebooks in India from October 2, the company said on Thursday. The Chromebook devices will be manufactured at the Flex Facility near Chennai, where HP has been producing a range of laptops and desktops since August 2020, it said in a statement. "Manufacturing Chromebook laptops in India will allow Indian students to get easy access to affordable PCs.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
China has embarked on an ambitious project to digitally map the entire country which would enable decision-makers to have easy access to all information, including personal details of individuals in over 600 Chinese cities and more than 2,000 countie
Such a detox plan simply requires us to keep aside a particular amount of time, typically an hour every day, or four hours per week, wherein we switch off all forms of social media, including gaming, television, computers, phones or any other form of technology.
'Clients deemed higher-risk are required to update their KYC more frequently.'
The Union Budget on Wednesday outlined several initiatives to drive India's technology agenda and boost digital infrastructure, including new centres of excellence for artificial intelligence, National Data Governance Policy, and Entity DigiLocker.
According to the Aam Aadmi Party, it has received permission from the authorities concerned to hold the rally of more than 20,000 people.
The number of dematerialised (demat) accounts - required to hold shares and other securities in electronics format - crossed the 150-million mark for the first time in March. In March, 3.12 million new demat accounts were added despite a spike in market volatility, taking the total count to 151.4 million. The milestone has come 19 months after the total number of demat accounts hit the 100-million mark, a sign that more domestic households are taking to direct equity investing.
Rediff.com did a word cloud analysis (see the image below) of the Prime Minister Modi's speech at the Digital India dinner meet.
India had registered an economic growth of 6.7 per cent in FY'09 after posting over 9 per cent growth in the three preceding year, because of the global economic crisis.
Canadian Prime Minister Justin Trudeau highlighted the importance of coordinated G20 leadership and action to uphold the rule of law and international law and strengthen democratic systems, as he participated in a virtual G20 Leaders' Summit hosted by India.
Finance Minister Nirmala Sitharaman on Tuesday asked banks and other financial institutions to ensure that their customers must update nominees to help resolve the problem of unclaimed money in future. "I want the banking system, the financial ecosystem including the mutual funds, stock markets to keep in mind that when someone deals with his (customer's) money, the organisations will have to think about the future and ensure that customers nominate their heirs, give the name and address," Sitharaman said speaking at the Global Fintech Fest (GFF) in Mumbai. According to a report, the banking system alone has more than Rs 35,000 crore of unclaimed deposits, while the overall quantum of the unclaimed money is said to be more than Rs 1 lakh crore.
A Cabinet note is expected to be moved to use Aadhaar numbers for electronic Know Your Customer verification of mobile subscribers.
The Union finance ministry will meet CEOs of public sector banks to discuss issues related to cybersecurity in the wake of the Rs 820 crore (Rs 8.2 billion) fraud that hit Kolkata-based UCO Bank last month.
In a serious data breach, personally identifiable information of 815 million Indians has been up on the dark web for sale, according to a report by US-based cybersecurity firm Resecurity. Details such as Aadhaar and passport information along with names, phone numbers and addresses are available for sale online, it has said.
A platform that helps retailers reduce failed transactions while keeping the cost down, Innoviti is all set for India's digital payments revolution.
The government on Thursday tabled the Digital Personal Data Protection Bill 2023 in the Lok Sabha with an aim to protect the privacy of Indian citizens, while proposing a penalty of up to Rs 250 crore on entities for misusing or failing to protect digital data of individuals.
'With this revamp the anonymous journey of the user will begin wherein he will not have to sign in every time he accesses the app.'
Most of the pharma units are failing in documentation, and validation processes, and many don't have full-fledged quality control laboratories.
India's huge digital prowess and potential will play a huge role in enabling digital lending, says Romita Majumdar.
According to the research, the digital transformation comes with its own share of risks.
Intel Capital is the 12th company to join the list of marquee firms who have recently invested in Jio Platforms, taking the total investment amount to Rs 1,17,588.45 crore.
Kerala Chief Minister Pinarayi Vijayan on Thursday declared the southern state as India's first fully e-governed state where an entire range of government services have been digitised so that they can be provided to the citizens promptly and transparently.
US technology company NVIDIA and billionaire Mukesh Ambani's Reliance Industries on Friday announced a partnership to build AI supercomputers in India. "The companies will work together to build AI infrastructure that is over an order of magnitude more powerful than the fastest supercomputer in India today," the firms said in a statement. Days before the announcement, NVIDIA founder and CEO Jensen Huang met Prime Minister Narendra Modi on Monday.
Why timebox? Most knowledge workers feel overburdened. Like The Joker in the Batman movies, we have all, at one point or the other, muttered to ourselves: 'So much to do, so little time.'
The interim budget 2024-24 on Thursday allocated Rs 1,277.80 crore for census, a significant reduction from 2021-22 when Rs 3,768 crore was allocated and an indication that the exercise may not be carried out even after three years of delay.
N Sundaresha Subramanian digs deeper into what Catalyst, an Indo-US project, brings to the payments ecosystem.
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