Business / bhaskarlive
New Delhi, March 22 (IANS) Tech Mahindra in collaboration with tech major IBM on Friday announced the opening of a Synergy Lounge to accelerate digital adoption for enterprises in APAC (Asia-Pacific). Located at Tech Mahindras campus in Singapore, the Lounge will assist enterprises in operationalising and deriving value from next-gen technologies, including AI, Intelligent Automation, []
New Delhi, March 22 (IANS) Tech Mahindra in collaboration with tech major IBM on Friday announced the opening of a Synergy Lounge to accelerate digital adoption for enterprises in APAC (Asia-Pacific). Located at Tech Mahindras campus in Singapore, the Lounge will assist enterprises in operationalising and deriving value from next-gen technologies, including AI, Intelligent Automation, []
New Delhi, March 20 (IANS) The Indian Council of Agricultural Research (ICAR) and Dhanuka Agritech Limited has signed a Memorandum of Understanding (MoU) to promote natural farming in the country as part of the fight against climate change, the Ministry of Agriculture & Farmers Welfare said on Wednesday. Deputy Director General (Agricultural Extension), ICAR Dr. []
New Delhi, March 20 (IANS) To promote skill development and employability among the youth, SAP Labs India on Wednesday said that it has opened the centre of excellence in Hyderabad under its Code Unnati programme, in collaboration with the Telangana Academy for Skill and Knowledge (TASK) and Edunet Foundation. The centre of excellence is dedicated []
New Delhi, March 20 (IANS) The Salem-based Sona Incubation Foundation (SIF) is set to focus on nurturing startups focused on wearable and assistive technologies, the institution said on Wednesday. SIF is part of the Department of Science and Technology (DST) funded Inclusive-Technology Business Incubator (i-TBI) initiative. Located inside the sprawling Sona College of Technology campus, []
New Delhi, March 19 (IANS) The Competition Commission of India (CCI) on Tuesday approved the acquisition of Kesoram Cement Business by UltraTech Cement Limited from Kesoram Industries Limited. The proposed combination relates to the acquisition of the grey cement business of Kesoram Industries Limited by AV Birla Groups UltraTech Cement Limited pursuant to a composite []
New Delhi, March 19 (IANS) An international team of researchers led by the Indian Institute of Technology (IIT) Delhi on Tuesday announced the development of a new device that can produce high-frequency radiation beyond the current 6G communication technologies. Dubbed a Spintronic Terahertz (THz) emitter, the device operates through a bilayer system composed of ferromagnetic []
New Delhi, March 19 (IANS) HCLTech and global semiconductor Intellectual Property (IP) provider CAST on Tuesday announced plans to offer customised chips to enable Original Equipment Manufacturers (OEMs) across industries to accelerate their digital transformation. HCLTech will enhance design verification, emulation and rapid prototyping of its turnkey System-on-Chip (SoC) solutions by leveraging silicon-proven IP cores []
New Delhi, March 18 (IANS) The Centre will soon have a new policy to nurture and empower the deeptech startup ecosystem in the country, Rajesh Kumar Singh, Secretary, Ministry of Commerce and Industry, said on Monday. Speaking at the Startup Mahakumbh event in the national Capital, Rajesh Kumar Singh said that the deeptech startup policy []
New Delhi, March 18 (IANS) In todays rapidly evolving digital landscape, the democratisation of technology has emerged as a transformative movement. This concept is not just about creating groundbreaking innovations; its about ensuring these advancements are accessible to all, irrespective of socio-economic or geographical barriers. This inclusive approach is instrumental in shaping an equitable digital []
New Delhi, March 16 (IANS) The Delhi High Court on Friday refused to extend the interim bail, sought on medical grounds by real estate firm Unitechs founder, Ramesh Chandra, in a money laundering case. Justice Anoop Kumar Mendiratta directed Chandra to surrender before the Jail Superintendent on Saturday, stressing the seriousness of the charges against []
Gandhinagar, March 15 (IANS) The Indian manufacturing sector is embracing smart solutions, with a shift towards automation and cyber-physical systems powered by advanced technologies, experts said on Friday. Nasscom Centre of Excellence (CoE), a Digital India initiative established with support of the Ministry of Electronics and Information Technology (MeitY) and the Government of Gujarat, held []
New Delhi, March 15 (IANS) L&T Technology Services Limited (LTTS) on Friday announced that it has won a first-of-its-kind cybersecurity programme in India worth around $100 million (about Rs 800 crore) from the Maharashtra state cyber department. LTTS said that it will establish an artificial intelligence (AI) and machine learning (ML)-driven cybersecurity and digital threat []
New Delhi, March 14 (IANS) Alarmed at the misuse of generative AI (GenAI) and deepfakes ahead of the elections, the European Commission on Thursday asked for information under the Digital Services Act (DSA) from Microsoft Bing, Facebook, Google Search, Instagram, Snapchat, TikTok, YouTube, and Elon Musk-run X. The commission has asked the Big Tech platforms []
New Delhi, March 14 (IANS) Global drugmaker AstraZenecas India arm on Thursday announced its plan to expand the scope of its Global Innovation and Technology Centre (GITC) in India, including about 30 per cent increase in employment across information technology, software, and business services over the next two years. Established in Chennai in 2014, GITC []
New Delhi, March 13 (IANS) B2B SaaS fintech company Perfios has become Indias second unicorn of 2024 as it raised $80 million in a new funding round from Teachers Venture Growth (TVG), a late-stage venture and growth investment arm of Ontario Teachers Pension Plan. Perfios now valued at more than $1 billion with the new []
New Delhi, March 13 (IANS) Lithium-ion battery pack maker Lohum on Wednesday said it has raised $54 million (Rs 450 crore) in series B funding from Singularity Growth, Baring Private Equity, Cactus Venture Partners and Venture East, among others. The company said it will use fresh funds to fuel market expansion, scaling up recycling operations, []
New Delhi, March 13 (IANS) Online gaming major Nazara Technologies on Wednesday said that it has pledged $100 million (around Rs 830 crore) to propel global expansion through strategic mergers and acquisitions (M&A) within the next 24 months. The company said it is looking for emerging possibilities in the gaming, esports, and adtech industries, with []
New Delhi, March 12 (IANS) The Ministry of Rural Development (MoRD) on Tuesday signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology (IIT) Delhi to formalise their partnership in applications of geospatial technology and artificial intelligence (AI), marking a significant stride towards technological advancement in rural development. The MoU centres around the []
Jaipur, March 11 (IANS) Rajasthan Governor Kalraj Mishra on Monday virtually inaugurated a Constitution Park at Rajasthan Technical University in Kota. In his address, the Governor said that the objective of constructing Constitution Parks in universities is to connect the young generation with the Constitution. Our Constitution, which is associated with fraternity, self-respect, and unity []
New Delhi, March 11 (IANS) Smart Metering company Kimbal Technologies on Monday announced that it has secured $5 million in growth capital in its first-ever funding round to scale up existing operations and new product development. The funding round was led by investment advisory firm Niveshaay and a host of marquee investors, including Ayush Mittal []
New Delhi, March 11 (IANS) SCOPE VC, the investment banking arm of the invite-only networking platform SCOPE, on Monday, said that it has invested $450,000 in fintech startup AuthPay. This investment follows SCOPE VCs recent launch of a $45 million venture capital (VC) fund dedicated to fueling innovation in the fintech and gaming sectors. Our []
New Delhi, March 8 (IANS) The Delhi High Court has dismissed the default bail plea of Supertech Group Chairman, R.K. Arora, who was arrested in a case under the Prevention of Money Laundering Act (PMLA). Arora had challenged the trial courts order denying him default bail. He had contended that the investigation was incomplete at []
Bengaluru, March 8 (IANS) A 47-year-old senior tech professional turned entrepreneur from Rajasthan and settled in Bengaluru for the last 17 years, Kanika Jain is the proud CEO and founder of Ikaanya, a leading gymnastics and dance wear clothing and apparel company which is all set to make a mark in the global market. Olympians []
New Delhi, March 8 (IANS) Leaders from the tech industry on Friday said that women are at the forefront of technology, breaking barriers and leading with vision. In a statement to IANS, Poonam Puthran, Executive Vice President Banking at Aurionpro, said that women play a pivotal role in shaping the landscape in the dynamic []
Bengaluru, March 8 (IANS) A 47-year-old senior tech professional turned entrepreneur from Rajasthan and settled in Bengaluru for the last 17 years, Kanika Jain is the proud CEO and founder of Ikaanya, a leading gymnastics and dance wear clothing and apparel company which is all set to make a mark in the global market. Olympians []
New Delhi, March 8 (IANS) The Reserve Bank of India (RBI) may have some discomfort on Personal Loan on Credit Card (PLCC) as it could lead to higher customer leverage and drive some customers into the debt trap, Emkay Global Financial Services said. Amid the central banks current clean-up drive, card ecosystem players suggest the []
New Delhi, March 7 (IANS) A Mumbai-based start-up on Thursday announced the development of a novel aqueous-based carbon dioxide (CO2) capture technology, that is resilient, cost-effective and will help advance towards Indias net zero targets. The technology by start-up UrjanovaC, nurtured by IIT Bombay, can capture CO2 from both industrial flue gas and ambient air []
New Delhi, March 7 (IANS) A Mumbai-based start-up on Thursday announced the development of a novel aqueous-based carbon dioxide (CO2) capture technology, that is resilient, cost-effective and will help advance towards Indias net zero targets. The technology by start-up UrjanovaC, nurtured by IIT Bombay, can capture CO2 from both industrial flue gas and ambient air []
New Delhi, March 6 (IANS) Atal Innovation Mission (AIM), NITI Aayog and Meta (formerly Facebook) on Wednesday announced the launch of Frontier Technology Labs (FTLs) to democratise future technologies and empower youth to innovate. Atal Innovation Mission and Meta will set up FTLs in schools of strategic importance to ensure that students from diverse backgrounds []
Ahmedabad, March 6 (IANS) Union Minister Jitendra Singh on Tuesday unveiled the Technical Centre of Indian National Space Promotion and Authorisation Centre (IN-SPACe) in Bopal, Ahmedabad. The advanced facility is set to offer comprehensive support to non-government entities (NGEs) within the space sector, ranging from design and development to simulation and testing of space technologies. []
New Delhi, March 5 (IANS) Technologys share in world market cap is nearing 40 per cent, and no sector has reached this level of concentration before, as per an analysis by DSP Mutual Fund. Nasdaq composite now commands nearly a fourth of world equity market capitalisation. If we add tech companies from China, India, EU []
Kanpur, March 5 (IANS) IIT Kanpur Research and Technology Park (brand name, Technopark@iitk) has achieved an important landmark, completing five years of fostering academia-industry collaboration for developing cutting-edge innovation and knowledge-based technologies. Technopark@iitk has leveraged the core competencies and strengths of IIT Kanpur to emerge as a leading research and development hub across sectors. Technopark@iitk []
New Delhi, March 5 (IANS) Not just home-grown startups, large traffic generators (LTGs) like Google have also opposed the proposal for a fair-share contribution for additional costs borne by telecom service providers (TSPs), industry body Cellular Operators Association of India (COAI) said on Tuesday. The TSPs have endlessly reiterated that smaller players, startups and MSMEs []
New Delhi, March 5 (IANS) L&T Technology Services Ltd on Tuesday announced a collaboration with chip-maker Intel to develop and provide scalable edge-AI solutions. By harnessing Intels Edge Platform, L&T Technology will empower on-premises and hybrid AI scenarios for traffic management and emergency safety in smart cities and transportation. These scenarios typically demand advanced networking []
Lucknow, March 5 (IANS) An unemployed techie allegedly died by suicide in the Madiaon area in Lucknow, said officials here. Sub-Inspector Madiaon, Shashi Prakhar Singh, said the deceased, Durgesh Yadav, 28, had come to the city after losing his job in an IT company in Bengaluru some months ago. Durgesh was a native of Siddharth []
New Delhi, March 4 (IANS) Continuing his fight against Googles new Play Store policies, Shaadi.com Founder and CEO Anupam Mittal on Monday said this is the new Digital East India Co and if we dont put in the right safeguards now, nothing can prevent these companies from controlling our economic future. Mittal posted on X []
New Delhi, March 4 (IANS) The governments push towards digitalisation and technology adoption has catalysed innovation within the insurtech industry, which bodes well for bolstering the growth prospects of the industry, Ankit Agrawal, Founder and CEO, InsuranceDekho, has stressed. In an interaction with IANS, he said that the governments decision to promote Insurtech innovation can []
New Delhi, March 3 (IANS) IIT Madras researchers have developed a green technology to tackle Antimicrobial Resistance (AMR) in wastewater. In 2029, bacterial AMR was directly responsible for the deaths of 1.27 million people globally. World Health Organization (WHO) has said that AMR is one of the top global public health threats. IIT Madras said []