The Indian AI market is expected to grow to over USD 17 billion by 2027, more than tripling its current size, driven by increased investments in enterprise technology, a flourishing digital ecosystem, and a strong pool of skilled professionals, according to BCG.
The nation makes up 16 per cent...
Indian corporates are projected to double their capital spending to $800 billion-$850 billion over the next five years, which will be largely financed by operating cash flows and facilitated by ample domestic funding options, said an S&P Global Ratings report on Tuesday.
Barring execution mistakes or negative macro changes, these...
Engineering solutions provider DDEL on Monday said it has entered into a collaboration with International Clean-Tech Partner, an innovator in sustainable energy technologies, for installing modular hydrogen production systems in India and Thailand.
The development marks the company’s strategic entry into the green hydrogen sector.
Under a newly signed pact,...
Homegrown Tata Steel is expecting to start the construction of its low-carbon EAF-based steel making project in the UK from July 2025 and commence operations by 2027, top company officials said.
The company has received necessary approvals for its USD 1.5 billion project at Port Talbot, Tata Steel CEO &...
US-China trade talks in London this week are expected to take up a series of fresh disputes that have buffeted relations, threatening a fragile truce over tariffs.
Both sides agreed in Geneva last month to a 90-day suspension of most of the 100%-plus tariffs they had imposed on each other...
Elon Musk-owned Starlink has received a licence for satellite communication (satcom) services in India, the news agency PTI has reported, citing sources. This makes Starlink the third company to secure this licence from the Department of Telecom (DoT), after Eutelsat’s OneWeb and Reliance Jio.
According to the report, DoT sources confirmed that...
Domestic equity markets opened on a cautious note Friday, with benchmark indices trading flat ahead of the Reserve Bank of India’s monetary policy announcement. Investor sentiment remained subdued, even as select buying was observed in IT and PSU bank stocks during early trade.
At around 9:23 a.m., the BSE Sensex...
OpenAI is seeing an increasing number of Chinese groups using its artificial intelligence technology for covert operations, which the ChatGPT maker described in a report released Thursday.
While the scope and tactics employed by these groups have expanded, the operations detected were generally small in scale and targeted limited audiences,...
Citigroup Inc will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday, as it pushes to simplify and shrink global tech operations to improve risk and data management.
The reduction of staff at the China Citi Solution Centres...
The Unified Payments Interface (UPI) recorded a strong rebound in May, processing 18.68 billion transactions, up from 17.89 billion in April, according to data released by the National Payments Corporation of India (NPCI).
This marks a 33 per cent year-on-year (YoY) growth compared to 14.03 billion transactions in May 2023.
In...
