'Despite a challenging FMCG environment, ITC Foods has grown at or above the industry rate.'
Billionaire Mukesh Ambani's Reliance Industries Ltd may spend about $12-15 billion over the next few years on AI infrastructure that could include a giant 1GW data centre, Morgan Stanley said in a report. Ambani had at the company's annual shareholder meeting in August announced a major push into AI through a new subsidiary and strategic partnerships.
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.
The Karnataka government on Wednesday put the reservation bill for Kannadigas in private firms on hold amid fierce criticism from business leaders and tech tycoons.
Sources within the Congress, including those who have been members of the teams that drafted its 2019 and 2024 Lok Sabha poll manifestos, said the Karnataka government decision lacked any empirical basis.
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.
The conversion of interest into equity stake for the government in Vodafone Idea (Vi) will be decided after the telecommunications (telecom) company's stock price stabilises above Rs 10, India's largest mobile tower installation company Indus Towers has said in its second-quarter report. The board of Vi had, in January, approved the conversion of Rs 16,130 crore worth of interest on adjusted gross revenue dues into equity for the government. This will give the government around 33 per cent stake in Vi.
A hotel in 1975, entry into paperboards in 1979, India's dominant cigarette maker, ITC, read the tea - or tobacco - leaves early, leveraged its enterprise strengths and stepped up the diversification agenda to create multiple drivers of growth. Some failed, some faltered, some were transformational, adding steadily to the top line. Now those efforts are making a difference: margins from non-cigarettes - FMCG, hotels, agri, paperboards, paper and packaging - are expanding and profits are kicking in more significantly than ever before.
'As long as businesses do not consider cyber recovery an integral part of their enterprise IT, they remain greatly vulnerable.'
Bharti Airtel aims to leverage its 180 million plus digital service customers and its wide presence in rural areas to grow its payment bank business. "We are well placed as we can leverage the 180 million plus customers we have across our digital assets. "We offer a plethora of services such as lucrative interest rates, gift cards, FASTag, telecom recharges, payments and debit cards. "Our large merchant base of more than eight million allows us to drive both engagement and monetisation.
A group of 219 employees of Air India along with a private financial institution have submitted an expression of interest (EOI) for the national carrier.
10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
'With nearly double the market share of our nearest competitor, we are shaping the digital transformation journey of close to 1,000 clients in India.'
Considering that Qatar is a trusted ally of Washington for decades, it is expected to be a steady influence on the Taliban leadership, observes Ambassador M K Bhadrakumar.
Tata Group had hinted at combining its enterprise business with Tata Communications and its fixed-line and broadband businesses with Tata Sky.
In the last couple of months, top Indian IT services providers, including TCS, Infosys, Wipro and HCL Tech have announced setting up cyber threat management centres in the US and Europe.
Apart from fulfilling banking services, one can access more than 100 e-commerce sites, book tickets, and even pay for small value groceries through the app. The bank is now proposing to allow other banks to use this to serve their own customers.
After multiple attempts at selling itself, including to larger e-commerce player Snapdeal, ShopClues has found a buyer in Singapore-based e-commerce platform Qoo10 in an all-stock deal.
You need to revamp both your work practices and technology tools to maintain your efficiency and effectiveness
Puri said ITC will focus on health and wellness products within the FMCG vertical. He also said the company will attempt to reinforce the existing categories in the FMCG segment.
The PC maker will increasingly focus on its business solutions services, and not just personal computing.
Marcelo Leite Pereira, the Golden Boot winner of Indian Super League 3, has threatened to take legal action against his franchise Delhi Dynamos and possibly approach FIFA for non-payment of dues amounting to $ 25,000.
A start-up looks to build on its inventory management platform for bus operators and a ticketing portal for commuters.
It has been an incredible journey for the Chinese economy.
RCom on Friday announced appointment of Deepak Khanna as CEO, India Enterprise Business.
The government has set a deadline of March 31 for telecom operators to provide an interception solution for BlackBerry enterprise services.
India will prefer to voluntarily surrender the grant it receives from United Kingdom if the British government decided on cutting it, Finance Minister Pranab Mukherjee told Rajya Sabha on Tuesday.
Canadian firm RIM, earlier this month had also expressed its inability to provide its customers' encryption key to the intelligence agencies for lawful interception of contents.
Blackberry has asked for 18-24 months to provide a complete solution for interception of its Enterprise Mail, but with a condition that its services would not be banned, a guarantee that the government declined to give.
BlackBerry-maker Research in Motion said it is hopeful that its dispute with India and the UAE over the issue of data security will be resolved successfully, but reiterated that it "cannot compromise the security architecture of its enterprise solution."
Finnish mobile handset firm Nokia on Monday said it will set up its enterprise server in India in November this year to adhere to the government's security concerns, a move that may force BlackBerry to also follow it.
As Indian IT service entities mature into multi-billion dollar organisations employing thousands, the pressure has increased on them from clients to identify and solve customer problems than working on predefined parameters.
Nadella has been ranked fifth among 50 global corporate heads by Fortune Magazine in its annual 'Businessperson of the Year' compilation, followed by CEO of Milwaukee-based maker of water heaters A O Smith Ajita Rajendra on the 34th spot, HDFC Bank's Managing Director Aditya Puri on the 36th position and Banga on 40th.
To strengthen its enterprise offerings in the analytics and business rules management space, Chennai-based California Software will acquire a 100 per cent stake in US-based technology consulting firm International Innovations.
IT major also looking at acquisitions in Germany and Canada.
Network services provider GTL has sold its enterprise network services and managed services business to Orange Business Service, an arm of France Telecom, for about Rs 150 crore (Rs 1.5 billion) in cash.
Tata Consultancy Services launched its enterprise-wide innovation programme to mark the silver jubilee of its research centre, the Tata Research Development and Design Centre.
In 2010, TCS's brand value was $2.3 billion.
Dell India now wants to reach out to all segments, saying it will give an aggressive push to win customers in consumer, government and education space.
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