Digital Economy

Yunus stated that integrating Starlink's connectivity into Bangladesh's infrastructure would create new opportunities for millions and integrate the country more closely into the global economy

Union Home Minister Amit Shah said that 399 banks and financial intermediaries are now working in coordination with the Indian government

The cloud market and global capability centres (GCC) are among the fast-growing segments of India's digital economy which is expected to drive a fifth of national GDP by 2030, a report by MEITy has said. The report, prepared by the Indian Council for Research on International Economic Relations (ICRIER) and the Ministry of Electronics and Information Technology (MEITy), said India's digital economy was equivalent to Rs 31.64 lakh crore in GDP in 2022-23. While the traditional ICT (Information and Communications Technology) sector remains the largest component of the digital economy, digital platforms and the digitalisation of brick-and-mortar sectors are growing rapidly, the report pointed out. The country's cloud market, which accounted for 1.1-1.2 per cent of the global market in 2020-23, and GCCs (global capability centres) were named some of the fastest-growing segments of the digital economy. "India's digital economy is expected to grow almost twice as fast as the overall ...

India's digital economy is expected to grow almost twice as fast as the overall economy, contributing to nearly one-fifth of national income by 2030, according to a MeitY report

AI has seen remarkable growth in recent years: Compared with 2018, when a 340 million-parameter model was considered "big", ChatGPT today has 1.8 trillion parameters, Gemini 1.5 trillion

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Viksit Bharat by 2047 requires bridging rural telecom gaps and boosting digital growth

Esports company Nazara Technologies on Friday said it will invest Rs 982 crore in Moonshine Technology, which owns real money gaming platform PokerBaazi. As part of the deal, Nazara will buy a 47.7 per cent stake in Moonshine Technology for Rs 831.51 crore comprising Rs 592.26 crore cash transaction and a share swap worth Rs 239.25 crore. With the share swap arrangement, select investors and management personnel including Baazi Games, CEO and Founder, Navkiran Singh, will hold 3.17 per cent stake in Nazara Technologies. Besides this, Nazara will invest Rs 150 crore to subscribe to a 100 per cent compulsory convertible which can be converted into equity at a future date as per the agreement clause. "Nazara to invest Rs 982 crore in Moonshine Technology which owns India's leading online poker gaming platform PokerBaazi," Nazara said in a statement. "...PokerBaazi has not only emerged as the undisputed leader in online poker gaming in India but has also set new standards in user ..

Describing it as a project for posterity, India on Saturday donated digital equipment, including 2,000 Tabs, worth Rs 300 million for use by 200 schools in the southern province of Sri Lanka. A ceremony in the southern district of Galle, attended by President Ranil Wickremesinghe and Indian High Commissioner Santosh Jha, marked a significant step towards educational modernisation, with the provision of 200 Smart Classrooms and 2,000 Tabs to 200 schools in the Southern Province. Following a request by the Minister of Health and Industry, Dr Ramesh Pathirana, the Government of India allocated Rs 300 million to the Southern Provincial Council for this project. Of the 200 selected schools, 150 are in the Galle district, while the remaining 50 are in the Hambantota and Matara districts, a statement from the President's Media Division (PMD) said. Additionally, 2,000 Tabs were distributed, with each of the 200 classrooms receiving 10 Tabs, the statement said. We deeply appreciate the supp

India's digital economy is growing at 2.8 per cent per annum and is expected to reach USD 1 trillion by 2027-28, Minister of State for Electronics and IT Rajeev Chandrasekhar said at an outreach programme. The minister further said the value of the IndiaAI mission will be doubled to Rs 20,000 crore from Rs 10,000 crore. The government earlier expected India to reach the USD 1 trillion-mark by 2026-27 but the target has been moved by a year due to various reasons, including the Covid-19 pandemic, he said. "Digital economy is growing at the rate of 2.8 per cent because of the vision of Prime Minister Narendra Modi. His vision laid down in 2015 has played out well. We are already the fastest growing digital economy of the world. We are aiming to be USD 1 trillion digital economy by 2027-28," Chandrasekhar said. He was speaking at "Vishesh Sampark Abhiyan" on Monday evening at Union minister Hardeep Singh Puri's official residence. The event was attended by leaders of about 300 ITs, ..

'We are already the fastest-growing digital economy in the world, and for me, it is clear that we are aiming for a $1 trillion digital economy by 2027-28', he further added

Industry associations say that consultations on the contentious bill should not be pushed through during the elections

Two-wheeler major Hero MotoCorp on Monday said it has joined the Open Network for Digital Commerce (ONDC) to enhance reach and convenience and provide an easily accessible digital mode to customers. The open network will initially offer two-wheeler parts, accessories and merchandise. Customers can easily discover 'Hero Genuine Parts' by using any buyer apps on the network, such as Paytm and Mystore, among others, Hero MotoCorp said in a statement. "...With ONDC Network, we have pioneered the automotive taxonomy for the auto industry, making it easier for customers to find vehicle parts and accessories to begin with. "With this initiative, Hero MotoCorp is furthering the government's Digital India mission and we will continue to bring in more innovation in this space," Hero MotoCorp CEO Niranjan Gupta said. "When brands like Hero MotoCorp embrace the Open Network, it reaffirms our vision of driving digital transformation in the country by creating a fair and efficient ecosystem for

Invest India forecasts India's e-commerce to soar to $325 billion by 2030, fueled by 500 million shoppers and a robust, low-cost internet penetration

The equal joint venture between Adani Enterprises and EdgeConneX plans to build 1 GW data centred

Vijay Govindarajan argues that AI and real-time data should be leveraged to radically transform physical products and the companies that make them

According to a study by GWI, an audience research company 90 per cent of gamers who discover new games on social media, do so through Meta with Reels playing a leading role in discovery

The global semiconductor industry is projected to reach a trillion-dollar valuation by 2030

The study is based on 'CHIPS' framework wherein it has scored countries on five pillars - connect, harness, innovate, protect and sustain

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