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[ad_1] With the recent boom in AI, the world’s biggest companies are making efforts to incorporate this tech into their suite of products. While it is being debated whether the opportunities arisen courtesy of AI outweigh its dangers, Microsoft CEO Satya Nadella has called on India as well as other countries to heavily invest in…
[ad_1] India’s banking regulator is considering scrapping the license of Paytm Payments Bank Ltd. as early as next month, people with knowledge of the matter said, potentially dealing another blow to the troubled local fintech giant Paytm’s growth ambitions. The Reserve Bank of India wants to safeguard depositors first and could act after a Feb….
[ad_1] CHENNAI (Reuters) – Dixon Technologies (India) reported an 86% growth in third-quarter profit on Wednesday, benefiting from growing demand for technology gadgets and rapid expansion of electronics manufacturing in the country. The $155-billion Indian electronics industry has gained from technology giants diversifying their supply chain from China, while the local government’s production-linked incentives have…
[ad_1] Shares of India’s Tech Mahindra fell as much as 6.2% on Thursday after the company’s third-quarter profit missed estimates. The country’s fifth-largest IT services company on Wednesday said profit slumped 60.6% from the previous year to 5.10 billion rupees ($61.4 million) for the three months ended Dec. 31, missing analysts’ estimate of 6.17 billion…
[ad_1] Electronics maker Dixon Technologies (India) expects a near-50% increase in revenue for the current fiscal year, aided by growth in its mobile phone business, its top boss said on Tuesday. “The largest trigger of growth for us is our mobile phone business”, Dixon’s Managing Director Atul Lall told Reuters at the sidelines of an…
[ad_1] In a rare twist, tech billionaire Elon Musk voiced his astonishment and disappointment on January 21 regarding India’s exclusion from the list of permanent members of the United Nations Security Council (UNSC). Utilising his social media platform X (formerly Twitter), the Tesla chief conveyed his incredulity, stating, “India not having a permanent seat on…
[ad_1] Smartphone makers’ shipments to retail outlets or carriers fell 2% to 148.6 million units in 2023, data from market research firm Canalys showed. The reason for fall in shipments can be attributed to weakness in demand and higher inventory with the dealers, especially during the first half of 2023, analysts said. In the later…
[ad_1] BENGALURU (Reuters) – Tata Technologies will invest 150 billion rupees ($1.80 billion) in the Indian state of Telangana to set up government-affiliated skilling centres, the state government said on Thursday. The investment from the unit of Tata Motors is the second commitment to the Telangana government in two days after the Adani Group announced…
[ad_1] BENGALURU (Reuters) – HCLTech, India’s third-largest IT services provider, beat quarterly profit estimates on Friday, helped by its deal with U.S. telecom company Verizon and strength in its products and platforms business. The Noida-based company’s net profit rose 6.2% to 43.50 billion rupees ($524.80 million) for the quarter ended Dec. 31 from a year…
[ad_1] HANOI (Reuters) – Vietnamese electric vehicle (EV) maker VinFast signed an agreement on Saturday to set up its first manufacturing facilities in India, as the ambitious company seeks to penetrate the world’s third-largest vehicle market. VinFast and the southern state of Tamil Nadu agreed to work toward an investment of up to $2 billion,…