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IndiaAI 2023: MeitY’s 7 working groups for deploying AI to make governance smarter, data-led

“To ensure the sustainability of the CoE, robust collaboration with the Industry, and the creation of commercially viable outputs, the MeitY will not own any IP generated by the CoE. The IP generated can be retained by the idea generator or by the CoE.”




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India: A global tech leader

India's technological skill, as evidenced by the Aarogya Setu and CoWin apps also allowed her to manage the Covid crisis much more efficiently than would have been otherwise.




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Nxtra by Airtel becomes first Indian data center company to join RE100 initiative

Nxtra by Airtel in India pledges to RE100, contracting 422,000 MWh renewable energy. With a commitment to net-zero goals by 2031, the company focuses on operational efficiency and environmental sustainability through innovative strategies.




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Data center firm ESDS Software to hire 300 AI/ML engineers in India

ESDS said its client base includes the Software Technology Parks of India (STPI), SIDBI Bank, Union Bank of India, State Bank of India Capital, and over 400 cooperative banks, as well as, the Embassy Group, Vadilal, and Unibic.




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India added 71 megawatt IT data center during Jan-Jun, demand projected to be strong: Savills

While major absorption has been recorded in hyperscalers across major cities, colocation services followed closely witnessing significant growth. This shift, as per Savills, can be attributed to factors such as high capital expenditure and operating expense.




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STT GDC to invest $3.2 billion in India to expand data centre capacity

STT GDC India, in which Tata Communications holds a minority stake, has 28 data centres across 10 cities, with a combined capacity of more than 318 megawatt of IT load. It has about 1,000 enterprise customers.




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Data centre firm Princeton Digital Group to invest $1 billion, expand capacity in India

Singapore-based data centre operator Princeton Digital Group (PDG) on Thursday announced to invest $1 billion in India and expand capacity to a total of 230 MW in the country.




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India's data centre capacity to more than double to 2,100 MW by FY27: Icra

Around 95 per cent of the existing capacity is in six cities with Mumbai and Chennai leading the race, Icra said.




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‘India has unique strengths to help it win the AI race’

Shanker Trivedi, senior vice president of enterprise business, Nvidia, on unique strength of India’s digital economy, positioning the country as one of the top three AI economies of the world




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DX is revolutionizing vehicle crash test system industry: Abhinav Srivastava, Daimler India Commercial Vehicles

Abhinav Srivastava, CIO, Daimler India Commercial Vehicles, talks about how technology is reshaping automotive safety.




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Enroute GCC: How Amadeus India is leading the shift to high strategic projects

With 40% of Amadeus’ product development happening in India, Sreejith A. R, Head of Creation Platform and Shared Services- APAC, details the factors that work for GCC, and the role of AI in making GCCs more efficient.




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Vision 2030: Role of GCCs in building global leadership in India

As India aspires to reach its future economic and growth goals, GCCs will play a pivotal role in driving economic growth, generating innovation, and creating leadership opportunities, state GCC leaders at the ET GCC Annual Conclave 2024.




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Navigating the new Silk Road: India's GenAI revolution

Much like the Silk Road once connected India to the world, artificial intelligence (AI) — particularly generative AI — is weaving a new tapestry of connectivity and innovation. Industries across the nation are starting to benefit from the efficiencies and new customer experiences this new technology wave offers.




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India's digital lending market likely to grow $515 bn by 2030 : Report

Given the low base and huge demand, the digital lending industry remains in an expansive phase. According to a recent report by IIFL FinTech, the digital lending market is expected to grow to a whopping USD 515 billion by 2030.




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Digital India Bill draft likely within 15 days

The draft was due to be released earlier this month, but was held back for fresh consultation with legal and industry leaders. This follows feedback from experts during the government’s outreach on the proposed Act, which began in March across multiple cities, including Bengaluru and Mumbai. The proposed regulations may also include provisions requiring companies to inform consumers how their data is being processed, sources said.




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Internet shutdowns cost $1.9 billion to India in Jan-Jun 2023: Report

The shutdowns also led to a loss of nearly $118 million in foreign investment and triggered over 21,000 job losses, the global non-profit Internet Society said in its report 'Netloss'.




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Zetwerk is said to consider raising $1 billion in Indian IPO

The Bangalore-based firm, backed by investors such as Peak XV Partners and Lightspeed India Partners, has held talks with investment banks to help prepare for a potential IPO in Mumbai next year, as per sources.




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India is leading in AI adoption at 30%, surpassing global average of 26%: BCG report

India is leading in Artificial Intelligence (AI) adoption, according to new research by Boston Consulting Group (BCG), which pegged that 30 per cent of Indian companies are maximizing value through the use of such emerging technology.




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Role of IT distributors in safeguarding India's digital infrastructure

By adjusting global cybersecurity tools and strategies to fit Indian requirements, distributors help companies of all sizes -- small businesses to large corporations -- adopt security solutions that are practical, effective, and scaled appropriately for their environments.




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India's IT spending to reach $160 bn in 2025: Report

"In 2025, Indian chief information officers (CIOs) will start allocating budgets for generative AI (GenAI) beyond initial proof-of-concept projects," said Naveen Mishra, VP Analyst at Gartner.




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Nvidia and SoftBank pilot world's first AI and 5G telecom network

"Every other telco will have to follow this new wave," SoftBank Group CEO Masayoshi Son said at an AI event where he was speaking alongside Nvidia CEO Jensen Huang.




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Amazon offers free computing power to AI researchers, aiming to challenge Nvidia

AWS said researchers from Carnegie Mellon University and the University of California, Berkeley, are taking part in the program. The company plans to make 40,000 of the first-generation Trainium chips available for the program.




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India likely to add 33.9 mn jobs to its workforce by 2028 in AI era

With AI-driven transformation, India is projected to increase its workforce from 423.73 million in 2023 to 457.62 million by 2028, a net gain of 33.89 million workers, according to a report on Wednesday.




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India at forefront of digital revolution, says RBI Deputy Governor Patra

India's digital economy is booming, with fintech driving digital payments and e-markets expanding rapidly. Deputy Governor of Reserve Bank of India, Michael Debabrata Patra, stated that the digital economy currently makes up a tenth of India's GDP and is projected to reach a fifth by 2026.




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Meta sees strong trend in women entrepreneurs using its apps in India

About 73% of Instagram business accounts that self-identify as a women-owned business were set up in the last three years in India, the company revealed.




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Nvidia CEO Jensen Huang asks SK Hynix to advance supply of HBM4 chips by six months

Nvidia CEO Jensen Huang has requested SK Hynix to expedite the delivery of HBM4 chips by six months. This request, revealed by SK Group Chairman Chey Tae-won, highlights the surging demand for Nvidia's AI accelerators, which heavily rely on HBM chips.




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India's smartphone market estimated to grow 7-8 pc this year

India's smartphone market is estimated to grow 7-8 per cent this year, driven by strong demand for premium, 5G and AI smartphones, according to a new report.




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Study reveals how ionising radiation damages DNA and causes cancer

For the first time, researchers from the Wellcome Trust Sanger Institute and their collaborators have been able to identify in human cancers two characteristic patterns of DNA damage caused by ionising radiation. These fingerprint patterns may now enable doctors to identify which tumours have been caused by radiation, and investigate if they should be treated differently.

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  • Biology & Nature

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Growing wearables production in India bleeds China units

Top wearables brands such as Boat and Gizmore are making most products locally in key categories audio and smartwatch through electronics contract manufacturers such as Dixon Technologies and Optiemus Electronics. Domestic shipments of wearables jumped 81% on-year in the first quarter of calendar year 2023 to 25 million units, with India surpassing China to become the largest market in the world, according to IDC India.




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Apple in talks with NPCI, plans to launch UPI based Apple Pay service in India

According to RBI’s Bulletin for June, UPI transactions in May reached a record Rs 14.3 trillion in terms of value and 9.41 billion in volume. Unified Payments Interface (UPI) is expected to account for 90% of retail digital transactions volume in the next five years.




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New data bill’s mandate could pose security risk, say social media platforms

For users in India between 13 and 18 years of age, apps may now have to get parental consent by verifying the identity of the children and their parents.. The Digital Personal Data Protection bill defines children as those below 18 years, which is above the global threshold. Users above 13 years of age, for example, are typically allowed on many social media platforms.




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Cisco launches Secure Networking approach in India

Organizations can apply controls to identify, set and enforce policy, and gain visibility across all users, devices, and entities on the network to empower and enable work from anywhere.




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Vedanta deepens tech push with $4 billion India display factory

Even as it’s suffering from a heavy debt load, billionaire Anil Agarwal’s metals and mining conglomerate is expanding in electronics components to take advantage of India’s push to become a technology manufacturing hub. The display business is separate from Vedanta’s struggling chip venture and may find an easier path to success as it’s a less techically demanding undertaking.




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Indian consumers are spending 52% of their time on open internet: Report

The open internet — comprising news and general websites, over-the-top (OTT) and connected TV (CTV), music streaming and online gaming — reaches almost 600 million consumers, which equates to nearly every internet user in India.




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Amazon set to cross $8 billion in cumulative exports from India in 2023

The Seattle-headquartered firm has reached 1.25 lakh exporters through the programme, officially called Amazon Global Selling, since inception, the statement said. Of them, over 1,200 exporters had crossed Rs 1 crore in sales in 2022, it added. Toys saw the greatest growth among all product categories, witnessing over 50% growth year on year, followed by kitchenware at over 35%, beauty at over 25%, and luggage at over 20%, the firm said in the statement.




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Search startup Perplexity AI valued at $520 mln in funding from Bezos, Nvidia

The round was led by venture capital firm IVP and valued the company at about $520 million, according to the company. NEA, NVIDIA, Databricks, and Bessemer Venture Partners also participated in the round.




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India's strong growth leading to trend of 'reverse flipping' for startups

Commerce Secretary Sunil Barthwal stressed how India's growth rate is nearly double that of other emerging market economies. He was speaking at an event in Singapore organized by the commerce ministry to showcase various investment opportunities in India.




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'AWS working with Indian startups to solve for world'

Cloud major looking to export ‘great ideas’ from here, says Gaurav Arora, director and head of startup business in Asia Pacific and Japan at AWS.




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Microsoft offers cloud customers AMD alternative to Nvidia AI processors

Microsoft's clusters of Advanced Micro Devices' flagship MI300X AI chips will be sold through its Azure cloud computing service. AMD, which expects $4 billion in AI chip revenue this year, has said the chips are powerful enough to train and run large AI models.




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Indian Public Cloud services market to reach $24.2 billion by 2028: IDC

The PCS market includes infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) and software-as-a-service (SaaS) solutions. Public Cloud adoption in India continued to rise as enterprises preferred public cloud services for their digital transformation initiatives, application modernization, and productivity enhancements.




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46 pc Indian IT professionals say all corporate data stored in Cloud is sensitive: Report

According to the IT company Thales, Cloud security spending has now topped all other security spending categories. About 37 per cent of organizations have experienced a Cloud data breach in India, with 14 per cent having had one in the past year.




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Shiprocket integrates Snowflake's AI Data Cloud to empower 1.5 lakh Indian merchants

Leveraging Snowflake's AI Data Cloud has significantly reduced data processing time from days to minutes. This newfound agility has allowed Shiprocket to optimise operations, improve decision-making, and ultimately deliver a seamless e-commerce experience for its seller base, the company said.




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SAP’s India cloud growing over 50%, to focus on smaller businesses: India MD

Manish Prasad, president and managing director of SAP Indian Subcontinent, told ET that India is a key growth market for the company. SAP, which is Europe's biggest tech company by market capitalisation, is seeing cloud revenues in the India market rising at over 50% a year as mid-market firms up adoption.




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Kodiak releases CUBS line for kids

Kodiak’s latest launch, Kodiak CUBS, is making it easier for parents to fuel their little ones with a healthy breakfast.




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Kodiak debuts Raspberry Lemon Power Cakes Flapjack & Waffle Mix

The mix is made with 100% whole grains, as well as 14g of protein. 




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Blue Diamond debuts Chocolate 'Thin Dipped Almonds'

Blue Diamond's first-ever chocolate-covered product line boasts half the sugar of the average chocolate-covered almonds.




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Suterra releases new sustainable solution for Indianmeal moth control

Suterra releases world’s first indoor aerosol mating disruption product for commercial food processing industry.




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Arcadia Biosciences breaks into breakfast category with Pancake & Waffle Mixes, Single-Serve Quikcakes

Arcadia Biosciences, Inc. announced it is expanding its better-for-you, fiber-forward brand, GoodWheat, with the upcoming launch of GoodWheat Quikcakes and GoodWheat Pancake & Waffle Mixes.




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Netflix, Popcorn Indiana drops popcorn line

Netflix and Popcorn Indiana are teaming up to bring Netflix Now Popping, an all-new ready-to-eat Netflix-branded popcorn line, to the masses.




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Diamond of California debuts Crunchy Nut Toppers

Available in four flavors, the product can be sprinkled on salads or eaten as a snack.