The Indian government, under PM Narendra Modi's leadership, is planning to integrate artificial intelligence (AI) into the PM GatiShakti platform to accelerate infrastructure development. Named PMGS 2.0, this AI-enhanced system aims to predict economic trends and assess infrastructure needs across different scenarios. Already central to over 170 projects worth Rs 13.5 lakh crores, PM GatiShakti uses digital technology to enhance connectivity and efficiency. With logistics as a key focus, the initiative... Читать дальше...
Tata Elxsi's Q1FY25 net profit declined 2.5% YoY to Rs 184.1 crore, impacted by weaker healthcare, life sciences, and media segments. Revenue rose 9% YoY to Rs 926.5 crore. Operating margins fell, Europe share rose to 42.2%. Headcount decreased by 257, attrition improved to 12.3%. CEO Raghavan noted strong transportation sector. Shares increased 1.4%.
This week in Idaho's Sun Valley, the annual Allen & Company summit has gathered top business, media, and political leaders for what's known as the "summer camp for billionaires." Attendees, including tech giants and entertainment moguls, engage in off-the-record talks and outdoor activities. The summit, famed for spawning major deals, hosts discussions on AI, corporate leadership changes, and political futures. Notable absentees like Warren Buffett and Elon Musk underscore shifting dynamics among industry leaders... Читать дальше...
CEOs of Ather Energy and Ola Electric emphasize the importance of policy support for the electric two-wheeler industry in India. They believe in the potential of 100% electrification to reduce fossil fuel dependence and emissions. Localisation and demand incentives key to industry growth.
Analog Devices has offices in Bengaluru, Gandhinagar, and Hyderabad, with a current workforce of 1,500 in India, including 1,200 engineers, according to Srinivas Prasad, senior director and head of Analog Devices in India. Globally, the company employs 26,000 people across 31 countries, with over 11,000 being engineers.
Moody's expects YES Bank's profitability to improve over the next 12-18 months as its depositor base and lending franchise grow. This growth, combined with meeting central bank lending targets through new branch loans, will reduce operating costs and boost overall profitability.
The Last of Us series, in both its gaming and television adaptations, explores fundamental themes of resilience and survival in a harsh, post-apocalyptic world. Characters such as Joel, Ellie, Tommy, and Abby exemplify these themes as they confront myriad challenges and obstacles.
Delhi CM Kejriwal allegedly used excise scam funds for a Goa stay. ED's charge sheet reveals Rs 100 crore kickbacks, July 12 production warrant, seized devices, involvement of Vinod Chauhan, Chanpreet Singh, BRS leader K Kavitha, the 2022 Goa elections, March arrest, Manish Sisodia’s influence, fake documentation, GoM policy issues, arm-twisting firms, and quid pro quo.
In May 2024, retail inflation for industrial workers in India eased to 3.86%, down from 4.42% a year earlier. The Consumer Price Index-Industrial Workers (CPI-IW) rose by 0.5 points to 139.9 points, compared to 139.4 points in April 2024. The food and beverages group increased to 145.2 points from 143.4 points in April, while the fuel & light segment decreased to 149.5 points from 152.8 points. The Labour Bureau compiles these indices based on retail prices collected across 317 markets in 88 industrially significant centers nationwide.
Hulu will premiere the four-part docuseries "After Baywatch: Moment in the Sun" on August 28. Produced by ABC News Studios, it explores "Baywatch's" cultural impact with interviews, unseen footage, and a never-aired Pamela Anderson interview.
In Manipur, Chief Minister N Biren Singh responded to criticism from the Congress over Prime Minister Narendra Modi's absence by emphasizing that efforts to restore peace are guided by the Prime Minister. Singh defended the government's actions, stating that all state and central operations, including security and relief work, are conducted under Modi's counsel. Meanwhile, Rahul Gandhi, Leader of the Opposition, visited the region and expressed disappointment at the ongoing ethnic strife, urging... Читать дальше...
BJP State president BY Vijayendra called for Chief Minister Siddaramaiah's resignation over allegations that he misused power to unlawfully allot 14 prime plots in Mysuru to his wife Parvathamma. Vijayendra demanded cancellation of the allotments, a CBI investigation, and vowed to pursue the issue inside and outside the Legislature. He accused the CM of concealing his wife's extensive land holdings and criticized Urban Development Minister Byrathi Suresh's actions as suspicious. Siddaramaiah defended the allotment as a mistake by MUDA... Читать дальше...
Four public sector banks, Canara Bank, Indian Bank, Bank of India, and EXIM Bank, present dividend cheques totaling Rs 6,481 crore to Finance Minister Nirmala Sitharaman for the financial year 2023-24.
Amazon warehouse and delivery workers in India are facing intense pressure and unsafe working conditions while dealing with insufficient pay, according to a report by the UNI Global Union. The report, published on Wednesday, is based on a survey of 1,838 Amazon employees in India.
On July 5, the state government told the Gujarat HC that it would reclaim 108 hectares (266 acres) of "gauchar" land previously allotted to Adani Ports in 2005 and return it to villagers for the purpose of grazing. The HC had directed the authorities to complete the resumption process of grazing land in Navinal village, Mundra.
NASA has issued a warning about asteroid 2024 MT1, a large object heading towards Earth at 65,215 km/h. Despite its size—about as big as the Statue of Liberty—NASA assures no immediate collision threat. Monitored closely by NASA's JPL, it will pass 937,000 miles away on July 8, 2024. Classified as potentially hazardous, efforts like NASA's DART mission aim to redirect such asteroids. Astronomers are eager to study it, hoping to learn more about early solar system formation.
Dr Tom Pitts who is a top neurologist said that US President Joe Biden is displaying classical symptoms associated with Parkinson’s disease. He said that these symptoms were clearly visible to the experts. He called on the president to undergo an examination. This only adds to the concerns of the Democrats who are worried out the upcoming Presidential Election in November.
A recent study at Barda wildlife sanctuary in Gujarat shows a lion prey density of 15 animals per sq km, with plans to introduce more prey species like spotted deer and sambar. Conservation efforts aim to support the sustenance of Asiatic lions in the sanctuary.
Accenture acquired Cientra, adding 530 engineers to its Indian centers. Following Excelmax Technologies and XtremeEDA, CEO Julie Sweet noted $5.2 billion in capital. With $2.3 billion for 35 acquisitions this fiscal year, KC McClure projects 1.5%-2.5% revenue growth. Karthik Narain emphasizes technological expansion.
The Reserve Bank of India (RBI) has lifted restrictions on banks using ratings from Brickwork Ratings India Private Limited, two years after forbidding fresh ratings due to regulatory concerns. Banks can now utilize Brickwork Ratings' assessments for calculating risk weights for capital adequacy purposes, subject to certain conditions. These include limitations on new rating mandates for bank loans not exceeding Rs 250 crore, and surveillance requirements for existing ratings, especially for larger facilities. Читать дальше...
Bengaluru is set to get a second international airport that will be as large as the existing Kempegowda International Airport (KIA) and will require about 4500-5000 acres of land, according to Industry & Infrastructure Minister MB Patil. The minister shared this information on Wednesday during a media conference.
Commerce and Industry Minister Piyush Goyal announced Wednesday that the European Free Trade Association (EFTA) is eager to invest in India, urging the domestic industry to seize this opportunity. Goyal, set to visit Switzerland on Sunday to advance EFTA commitments, emphasized that the $100 billion commitment is for foreign direct investments, not portfolio investments. EFTA includes Iceland, Liechtenstein, Norway, and Switzerland.
In a statement issued on Wednesday, it said that its regional labour commissioner, Bengaluru resolved the grievance to the satisfaction of both parties with Paytm agreeing not to recover the joining bonus and to pay the notice period payment to the employee and the employee accepting the exit offer made by Paytm.
A 16-year-old Lamine Yamal is currently the talk of the football town after his stunning goal during the Euro Cup 2024 semifinal match between France and Spain. Lamine Yamal's age is just nothing as compared to his performance on field, as he challenged and dribbled past defenders almost double his age. Here's some more interesting information about this young Spanish sensation.
