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Business / bhaskarlive

Tech Mahindra, IBM open Synergy Lounge to boost digital adoption in APAC

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, []

22 Mar 2024 3:43 pm
Tech Mahindra, IBM opens Synergy Lounge to boost digital adoption in APAC

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, []

22 Mar 2024 3:27 pm
Govt ropes in Dhanuka Agritech to boost natural farming

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. []

20 Mar 2024 5:09 pm
SAP Labs India opens centre of excellence in emerging technologies

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 []

20 Mar 2024 4:34 pm
DST-funded incubator to focus on wearable, assistive technologies

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, []

20 Mar 2024 11:17 am
CCI approves Ultra Techs acquisition of Kesoram cement business

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 []

19 Mar 2024 7:38 pm
IIT-Delhis new device to produce terahertz radiation beyond 6G tech

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 []

19 Mar 2024 3:37 pm
HCLTech, global chip IP provider CAST to offer customised semiconductors

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 []

19 Mar 2024 1:18 pm
Centre to soon have dedicated policy to nurture deeptech startup ecosystem

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 []

18 Mar 2024 1:57 pm
Democratising technology: realmes dedication towards pioneering consumer experience with innovation

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 []

18 Mar 2024 9:42 am
Delhi HC refuses further extension of interim medical bail for Unitech founder Ramesh Chandra

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 []

16 Mar 2024 12:02 am
Indian manufacturing sector embracing smart solutions led by advanced tech

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 []

15 Mar 2024 6:23 pm
L&T Technology Services bags Rs 800 crore cybersecurity programme in Maharashtra

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 []

15 Mar 2024 10:42 am
EU targets Big Tech platforms on GenAI risks ahead of elections

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 []

14 Mar 2024 7:17 pm
AstraZeneca to expand its Global Innovation and Technology Centre in India

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 []

14 Mar 2024 7:13 pm
Fintech firm Perfios becomes Indias second unicorn of this year

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 []

13 Mar 2024 2:57 pm
Battery-tech startup Lohum secures $54 million to expand footprint

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, []

13 Mar 2024 2:07 pm
Nazara Tech pledges $100 mn to propel global expansion via strategic M&A

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 []

13 Mar 2024 12:38 pm
MoRD partners with IIT Delhi for applications of geospatial tech, AI

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 []

12 Mar 2024 10:07 pm
Guv inaugurates Constitution Park at Rajasthan Technical University

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 []

11 Mar 2024 6:17 pm
Kimbal Technologies raises funds to scale up existing operations

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 []

11 Mar 2024 2:07 pm
SCOPE VC invests in AuthPay to foster fintech innovation

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 []

11 Mar 2024 12:27 pm
PMLA case: Delhi HC dismisses Supertech Chairmans default bail plea

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 []

8 Mar 2024 10:42 pm
Womens Day: A tech mother who became a successful entrepreneur while fulfilling the dreams of twin daughters (Ld)

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 []

8 Mar 2024 9:23 pm
Women at forefront of technology, leading with vision: Industry leaders

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 []

8 Mar 2024 5:22 pm
Womens Day: A tech mother who became a successful entrepreneur while fulfilling the dreams of twin daughters

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 []

8 Mar 2024 4:12 pm
Rising asset-quality risk on credit cards, dependence on fintechs for sourcing may be on RBIs radar

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 []

8 Mar 2024 2:58 pm
Mumbai startups cheap carbon capture tech to foster Indias net zero targets

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 []

7 Mar 2024 3:33 pm
Mumbai start-ups cheap carbon capture tech to foster Indias net zero targets

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 []

7 Mar 2024 3:32 pm
Meta joins Atal Innovation Mission to set Frontier Technology Labs in schools

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 []

6 Mar 2024 4:57 pm
Union Minister Jitendra Singh unveils IN-SPACe Technical Centre

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. []

6 Mar 2024 2:57 am
Technologys share in world Mcap nearing 40 pc, showing high-level of concentration

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 []

5 Mar 2024 5:33 pm
IIT-K Technopark celebrates 5 years of co-creating future through Academia-Industry Collaboration

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 []

5 Mar 2024 2:03 pm
Not just startups, Big Tech firms also opposed to fair-share demand from telcos: COAI

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 []

5 Mar 2024 1:52 pm
L&T Technology Services, Intel to power smart cities with edge-AI

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 []

5 Mar 2024 10:42 am
Unemployed techie commits suicide in Lucknow

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 []

5 Mar 2024 8:47 am
We have strong & proactive govt that wont fall for Big Techs lies: Anupam Mittal

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 []

4 Mar 2024 4:57 pm
Govts digitisation push catalysing innovations in insurtech industry: InsuranceDekho CEO

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 []

4 Mar 2024 9:52 am
IIT Madras develops green technology to combat AMR

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 []

3 Mar 2024 12:57 pm