Siemens's share price has lost ground in the past few sessions following weak management commentary. The management indicated challenges to the growth outlook due to stagnant private capex and concerns over semiconductor shortages for digital industries. Government infra-spending may regain momentum from January 2025.
Varanasi, Detroit, and Venice have been selected to host a global initiative aimed at creating sustainable transportation solutions for cities as part of the 'Toyota Mobility Foundation's Sustainable Cities Challenge'. The initiative is a $9 million programme that will see these cities collaborate with innovators to develop and implement new mobility solutions. The cities, located in the US, India, and Italy, were chosen from a shortlist of 10 cities announced in November 2023.
As quick commerce gains ground, emerging direct-to-consumer (D2C) brands are betting big on digital channels to drive growth. According to Aman Gupta, co-founder of wearables brand BoAt, new-age brands in India have been expanding at a much faster pace than expected, driven by digital channels like quick-commerce. "Investors doubted the potential of D2C brands when we started, but today there are multiple brands in the startup market that are growing on the shoulders of these digital channels," Gupta said while addressing a session at Razorpay's D2C and Retail Summit recently.
Marriott International will set up a global capability center (GCC) in Hyderabad, which will be its first such offshore unit in India and will help support Marriott's various operations across its global enterprise in 141 countries and territories. Marriott Tech Accelerator is also -- in all likelihood -- the first ever GCC from a hospitality major being set-up in India. While the company did not give details of the size of the center, senior state government officials said that the company will hire 300 people by the first quarter of the calendar year 2025.
With expectations of customers changing and demand for seamless, uninterrupted shopping increasing, tech companies are now using this fear of becoming irrelevant as a sales pitch to sell their products to traditional retailers.
Udaan, India's largest business-to-business (B2B) e-commerce company, has received approval from the National Company Law Tribunal (NCLT) for its internal corporate restructuring plan, according to sources. By consolidating into a single entity, the restructuring will enhance Udaan's agility and pave the way for various financing options, including the ability to pursue an initial public offering (IPO) in India by 2026, according to people familiar with the matter.
Jio's Estonia arm and Finland-based University of Oulu have signed an agreement to collaborate for development of 6G technology as well as to foster entrepreneurship. The collaboration with the university is expected to extend Jio's 5G capabilities and will help explore use cases in the 6G era. Jio Platforms is the parent of telecom player Reliance Jio.
At a time when banks are finding it challenging to mobilise resources, State Bank of India (SBI)-the country's largest lender-has devised a three-pronged strategy to boost deposit accretion. First is an aspirational product that promises to make depositors lakhpatis by helping them grow their deposits to Rs 1 lakh through recurring deposit (RD) schemes.
The average Indian works 46.7 hours per week, surpassing even China's 46.1 hours. In some sectors, the numbers are even more staggering.
A tech architect must have certifications across ERP platforms (SAP, Oracle, Microsoft) and Cloud platforms (MS, Google, Low code SAAS platforms such as Salesforce, and ServiceNow).
'The race is now on for Indian IT firms to develop their AI prowess and focus on a software-first approach to services as the people element becomes more complicated with Trump's expected new regulations.'
The National Informatics Centre uses AI to automate document analysis and detect fraud in government departments.
'Our AI strategy -- AI in Everything, Everything for AI, and AI for Everyone -- is now in action.'
These are the highlights of the Union Budget 2025-26 presented by Finance Minister Nirmala Sitharaman in Parliament on Saturday.
The war game held under the leadership of the Director General of the Ministry of Transportation and Road Safety, Moshe Ben Zaken, was attended by the Deputy Minister of Transportation, Rabbi Uri Makleb, the management of the National Authority for Public Transportation, representatives of the Home Front Command, chairmen and CEOs of all the public transportation companies, during which a photo was shown.
He said that the two nations will have issues in the foreseeable future. However, there are ways of addressing those issues and what happened in 2020 was not the way to address those issues.
He said the force, which guards over 6,300 km of India's land border with Pakistan in the west and Bangladesh on the east, is faced by four main challenges on the security front.
This is the first deal by an Indian startup after the sector was opened to private companies in 2020.
Everyday consumerables, such as grocery and order-in food items are the key buyout sector, analysts say, and a major reason for kirana stores' digitisation push.
The growing decline of MTech applicants in Indian colleges is due to multiple factors, including outdated curricula, poor return on investment and lucrative non-engineering alternatives, say experts.
It's a strategic approach in which the country's military and defence mechanisms evolve continuously in tandem with emerging threats. The new strategy anticipates events and prepares to counter those proactively.
With nearly 100 launches and unveils, the Bharat Mobility Global Expo 2025, held in Delhi from January 17 to 22, made one thing clear to automobile enthusiasts: Electric vehicles (EVs) are the way ahead for the Indian auto market for years to come.
Satyam Computer Services and Sun Microsystems India on Wednesday have announced the launch of the Satyam customer solution centre on Sun Technologies.
The leaders also noted the "negative impacts" of the war in Ukraine with regard to global food and energy security, especially for developing and least-developed countries.
During his recent appearance on the show, Ranveer Allahbadia asked a contestant whether they would rather watch their parents have sex for the rest of their life or join them once and put a stop to it.
Nasscom has identified 4-5 different areas and is taking these recommendations to the government.
Under the India AI mission, supercomputing, comprising over 10,000 GPUs, will be made available to various stakeholders for creating an AI ecosystem.
With Google announcing the milestone of Willow - a state-of-the-art quantum computing chip that can solve complex problems in under five minutes, a computation so complex it would have taken a supercomputer around 10 septillion (10^25) years to complete - tech experts believe this breakthrough could impact artificial intelligence (AI), particularly by making it more accessible to the masses. However, industry players caution that it may take several years for this innovation to become commercially viable.
The latest cuts come after the company announced earlier this year that it was eliminating some 18,000 positions as part of a major cost-cutting bid at the e-commerce giant. "Given the uncertain economy... and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount," Jassy said in a memo to staff.
'Digital courts will alleviate congestion in traditional courts.'
Elon Musk, who has previously vowed to "go to war" to defend the H-1B visa program, has reignited debate surrounding the program by labeling it "broken" and in urgent need of "major reform." Musk, along with Indian-American tech entrepreneur Vivek Ramaswamy, has been tapped by Trump to lead his Department of Government Efficiency (DOGE). While Musk acknowledges the need for foreign workers in the tech industry, he believes the current H-1B system needs significant changes, including raising the minimum salary and adding a yearly cost for maintaining the visa. The H-1B visa, which allows US companies to employ foreign workers in specialty occupations, has been a subject of debate for years. The tech industry advocates for more H-1B visas to attract highly skilled workers, while some argue that it allows businesses to replace Americans with lower-paid foreign workers.
Two years after winding up its India production, global automobile giant Ford Motor Company is in talks with the Tamil Nadu government to restart operations at Maraimalai Nagar near Chennai, where it will focus on exports. Chief Minister Stalin visited Ford headquarters in Michigan on Tuesday and held discussions with its top management, urging it to restart production. "Had a very engaging discussion with the team from Ford Motors.
Air India's use of artificial intelligence (AI) has had a huge impact on the airline major's call centre volumes and the technology integration has reduced costs by 100 times, a senior company executive said on Wednesday. The airline launched its own chatbot AI.g, earlier known as Maharaja, in May 2023. The chatbot has answered approximately two million queries since its launch, handling 93 per cent of customer inquiries without needing to pass them on to call centre agents, said Sathya Ramaswamy, Chief Digital and Technology Officer, Air India.
Cognizant Technology Solutions is infusing generative artificial intelligence (GenAI) into all its core offerings, chief executive Ravi Kumar S wrote in an internal note to its employees. Cognizant has 351,500 employees, a majority of whom are in India. Kumar cited the example of a GenAI-enabled conversational virtual assistant (VA) that Cognizant has introduced to help clients reimagine experiences beyond chatbots.
The deal with Nokia will be signed in San Francisco on Friday morning in the presence of Tamil Nadu Chief Minister M K Stalin, who is on a 17-day trip to the US to attract fresh investments.
WHO has urged people at risk to keep up with their vaccinations with boosters.
Researchers from the Indian Institute of Technology-Palakkad (IIT-Palakkad) have introduced a pioneering method of generating renewable energy from human urine.
Fresher hiring, which has been subdued as Indian information technology (IT) services firms scaled back their recruitment, is set for a turnaround. The IT sector's fresher hiring is expected to rise by 20-25 per cent for 2024-25 (FY25). Additionally, the global capability centres are projected to boost their fresher hiring by 40 per cent compared to last year, according to a TeamLease Digital analysis.
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.
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday said the central bank has developed an innovative artificial intelligence and machine learning (AI/ML) based model MuleHunter.ai to address the growing issue of mule bank accounts that are often used for committing financial fraud. Developed by the Reserve Bank Innovation Hub, the new initiative is piloted with two public sector banks.
