AI, Artificial Intelligence

Having proven its capabilities in delivering both on-shore and off-shore services to global clients, AI now offers an entirely new gamut of opportunities for IT firms in India

India's IT industry is paving the way for its AI future

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Speaking about the contributions of Maha Periyavar to the international fora, Jaishankar highlighted Periyavar's Maithreem Bhajatham, a musical composition that promotes universal brotherhood

S Jaishankar, Jaishankar

Japanese imaging and optical products major Canon believes that it has a good opportunity in India for its semiconductor lithography equipment required for chip fabrication, and it is in negotiations with companies setting up facilities here, said its India President and CEO Toshiaki Nomura.
Though Canon did not disclose names, it said there are immense opportunities in this, as many chip manufacturers are now eying India as a new destination for semiconductor manufacturing.
"A lot of Chip manufacturers are eyeing India as a new manufacturing place. We are discussing with all those chip manufacturers to give our product and service," Nomura told PTI.
This is a "good opportunity for us", and the Tokyo-based group can contribute through its technology, products and services in this segment of the Indian market, he added.
"We are installing the equipment for them to manufacture chips through our technology and the product. We help chip manufacturers build a strong facility in India. O

Key global leadership at Canon’s strategy meet in Mumbai

Key global leadership at Canon's strategy meet in Mumbai

Konstas, who was called up to the squad at the expense of opener Nathan McSweeney, is brimming with confidence but plans to approach the challenge without overburdening himself with footage of Bumrah.

Sam Konstas

: NCP (SP) president Sharad Pawar on Sunday had a telephonic conversation with Maharashtra Chief Minister Devendra Fadnavis about the murder of a sarpanch in Beed and the death of a man following violence in Parbhani.
Pawar on Saturday visited the families of Santosh Deshmukh, the slain sarpanch, and Somnath Suryawanshi, who allegedly died in judicial custody after his arrest in connection with the violence in Parbhani.
The NCP (SP) chief attended the Bhimthadi Jatra at the College of Agriculture in the city on Sunday.
While at the event, he called the chief minister, urging him to take note of the Beed and Parbhani cases.
Fadnavis on Friday announced judicial probes into the Parbhani violence and the sarpanch's murder and financial assistance of Rs 10 lakh each to the kin of Deshmukh and Suryawanshi.
Talking to reporters here, Pawar said, "I had a word with the chief minister about the places I visited yesterday. I told him that the situation was serious and asked him to take not

Sharad Pawar, Sharad,  NCP President

West Bengal and Bihar are impacted the most by arsenic contamination of groundwater, the Centre has informed the National Green Tribunal (NGT).
The tribunal is hearing the issue of rice being susceptible to arsenic contamination because it absorbs more of the toxic semi-metallic element from water and soil. Earlier, it sought a reply from the Centre on it.
In an order dated December 16, a bench of NGT Chairperson Justice Prakash Shrivastava and expert member A Senthil Vel noted that the Union Ministry of Agriculture and Farmers Welfare had filed its reply after seeking inputs from the Indian Council of Agricultural Research (ICAR).
"States of West Bengal and Bihar are reported to be most affected by arsenic contamination of groundwater irrigation by contaminated groundwater is the major route for arsenic entry into agricultural soil which ultimately leads to its entry into the food chain," the Centre said in its reply.
There can be a "significant build-up" of the toxic element in r

groundwater, water

GST Council addresses disaster levy, clarifies tax exemptions, and revises ITC norms, while deferring insurance premium GST cut and key rate rationalisation decisions

GST council meeting

After two weeks of buying, FPIs turned net sellers in Indian equities this week, with a net withdrawal of Rs 976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment.
Foreign Portfolio Investors (FPIs) began the week on a positive note, investing Rs 3,126 crore in equities during the first two trading sessions (December 16-20).
However, the trend reversed in the latter half of the week, with FPIs offloading equities worth over Rs 4,102 crore in the subsequent three sessions. This resulted in an overall net outflow of Rs 976 crore during the week, data from National Securities Depository Limited showed.
Despite this short-term reversal, the broader December trend remains positive. FPIs have infused Rs 21,789 crore into Indian equities so far this month, reflecting continued confidence in India's economic growth potential and its resilient markets.
FPIs adopted a cautious approach due to the US Fed meeting and uncertainty about 

Foreign portfolio investor exodus: Financial sector bears the brunt, FPI

Bihar's Deputy Chief Minister Samrat Chaudhary said another meeting of the GoM is scheduled for January before the proposal is reintroduced to the GST Council

Amid controversy over Home Minister Amit Shah's remarks on Ambedkar, Kejriwal launches Dr Ambedkar Samman Scholarship, pledging support for Dalit students pursuing studies abroad

Kejriwal, Arvind Kejriwal

Fundraising via IPOs in India hit another landmark as economic growth, favourable market conditions and improvements in the regulatory framework helped companies raise a record Rs 1.6 lakh crore in 2024, while the pipeline for the next year holds out bigger promise.
This exceptional year not only reflected the confidence of issuers but also highlighted investors' eagerness to seize listing-day gains or back companies with strong long-term growth potential.
The year was marked by Hyundai Motor India's historic IPO, the largest in the country's history, which raised Rs 27,870 crore.
Companies of varying market capitalisations -- large, mid, and small -- tapped into the IPO route in 2024, with the average issue size rising significantly from Rs 867 crore in 2023 to over Rs 1,700 crore in 2024.
The exceptional vibrancy of the IPO market was evident, with December alone seeing at least 15 launches.
"Rising retail participation, strong domestic inflows and active participation by FPIs (

ipo market listing share market

Billionaire Gautam Adani's conglomerate on Thursday unveiled a new version of its 'Hum Karke Dikhate Hai' campaign as it looks to bounce back from the damning indictment by the US authorities in an alleged bribery case.
"Building on the success of its previous edition, this multi-media, multi-platform campaign moves beyond the conventional corporate strategy of emphasizing statistics and figures to focus on inspiring human-interest stories. These narratives showcase the profound, positive impact of Adani's infrastructure projects on the lives of millions of Indians," the group said in a statement.
On November 20, 2024, the United States Department of Justice and the US Securities and Exchange Commission (SEC) issued an indictment and a civil complaint, respectively, in the United States District Court for the Eastern District of New York, against chairman Gautam Adani, his nephew Sagar Adani and key executive Vneet Jaain.
The charges relate to allegations of securities fraud, wire .

Adani group

Union Minister Dharmendra Pradhan Thursday slammed the Congress, alleging it has always hated BR Ambedkar and had even included a cartoon in an NCERT textbook showing Jawaharlal Nehru "whipping" Ambedkar.
He claimed that the "crocodile tears" of the Congress over Ambedkar are just pretence.
"Suddenly the Congress has got a lot of respect for Babasaheb Ambedkar. These crocodile tears of the Congress for Babasaheb are just a pretence, there is a huge difference between their words and actions. The Congress party's hatred and contempt for Babasaheb is well known, Pradhan wrote in a post on X.
The Union Education Minister said that during the rule of the Congress-led UPA-2 government, a shameful cartoon was included in the NCERT textbook for Class 11 in 2012 in which Pandit Nehru was shown "whipping" Babasaheb Ambedkar.
"After strong opposition from BJP, then Human Resource Development Minister Kapil Sibal apologised and announced to withdraw it.
"Obviously, such a shameful act cannot

Dharmendra Pradhan, Dharmendra, Pradhan

The office space was originally purchased in September 2023 for Rs 2.25 crore.

Maniesh Paul

The surge in Abbott India share price followed reports that JPMorgan, a New York-based financial services firm, raised its target price to Rs 31,500, up from Rs 30,000, signaling an upside of 12%

Pharma companies, Pharma

Electronics company Micromax and Taiwan's storage chip company Phison have set up a joint venture, MiPhi, to design and manufacture artificial intelligence-enabled storage chipsets modules locally, a senior official of the Indian firm said.
Micromax Informatics Co-Founder Rahul Sharma told PTI that the company has started production at its Noida facility.
"Phison is a leader in NAND controller and NAND storage technologies. We have partnered with them to set up a joint venture in India in which Micromax will have 55 per cent stake and 45 per cent will be with Phison," Sharma said.
He said that the firm will focus on designing storage chipsets for servers which is a very important element for any country from both security and strategic perspective.
"With this venture, we aim to bring down the cost of GPU by one-tenth... the lowest per token cost in the world. This will help us in disrupting the AI landscape not only in India but also in specific agreed-upon regions," Sharma said.


Semiconductor chips

The Banning of Unregulated Lending Activities Bill calls for the CBI to handle probes in cases spanning multiple states or UTs

The Centre, in collaboration with states, has proposed to classify unregulated lending as a cognizable and non-bailable offence, with penalties including imprisonment of up to 10 years. The finance ministry has invited feedback by February 13 from st

The latest Economic Survey said, India has to find the right balance between importing goods from China and importing capital (FDI) from China

How policymakers are split over attracting Chinese investment into India

The official further noted that this year's Budget consultations are particularly significant due to the political outcomes of recent state elections

Nirmala Sitharaman, Nirmala

Congress calls FIR against Rahul Gandhi over Parliament scuffle a 'badge of honour', alleging BJP's vendetta and diversionary tactics to counter his protest against Amit Shah's Ambedkar remarks

Rahul Gandhi, Rahul, congress leader

The Opposition Congress has doubled down on its demand for Home Minister Amit Shah's resignation, citing his comments on B R Ambedkar

Rahul Gandhi, Rahul, Congress leader, Priyanka Gandhi, Priyanka

Sangita Singh

Sangita Singh

Sangita Singh

India's IT industry is paving the way for its AI future

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Jaishankar receives 'Sri Chandrasekarendra Saraswathi' award for leadership

Canon eyes chip fabrication in India, in talks for lithography machine

IND vs AUS: Konstas 'excited' to face Bumrah in Boxing Day Test

Sharad Pawar urges Maharashtra CM to address Beed, Parbhani cases

West Bengal, Bihar most impacted by arsenic contamination: Centre tells NGT

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55th GST Council takes key decisions, defers rate cuts on insurance premium

FPIs pull out Rs 976 crore from Indian equities amid rising dollar

GST Council defers decision to reduce tax on health, life insurance

Kejriwal launches Dr Ambedkar scholarship amid row over Amit Shah's remarks

IPO boom: Record Rs 1.6 trn raised in 2024; bigger gains expected in 2025