DIGITAL FOOTPRINT
Thirst Trap: Water sustainability issues loom over India's booming data centre industry
India's data centre industry is booming, driven by significant investments from companies like Adani Enterprises. However, this growth raises concerns about the substantial water consumption needed for cooling in water-scarce cities. Operators are adopting alternative cooling technologies like air-cooled chillers to reduce water use. Despite these efforts, India lacks a national policy on data centre water usage. Experts call for sustainable practices to balance industry growth with water conservation.
Aviation regulator DGCA allows IndiGo to carry pre-flight briefing data in digital form
The Directorate General of Civil Aviation (DGCA) has permitted IndiGo to use Electronic Flight Folders (EFF), allowing the airline to carry pre-flight briefing data like flight plans and weather charts digitally rather than in hard copy. This move is expected to reduce aircraft weight, fuel consumption, and operational costs while enhancing safety and efficiency in flight preparations.
Jio acquires additional spectrum in 1800 MHz band for Rs 973 cr in two circles
Reliance Industries has secured additional spectrum in the 1800 MHz band for Bihar and West Bengal in a recent spectrum auction. The acquisition aims to meet geography-specific demand and ensure a high-quality customer experience. The total cost of the spectrum is Rs 973.63 crore. The acquisition expands Jio's spectrum footprint to 26,801 MHz and enables the company to deploy the largest amount of spectrum across India on bandwidth-efficient technologies like 4G and 5G.
Debate ensues over offline vs. digital exams amid NEET-UG and UGC-NET controversies
Controversies over NEET-UG and UGC-NET, with question paper leaks on the darknet, spark debate on offline vs. digital exams. Ministry of Education forms committee to review National Testing Agency. Experts weigh pros and cons, suggesting secure year-round computer-based tests. Calls for CBT to prevent leaks and improve efficiency.
TCS expands partnership with Xerox for transformation programme
Tata Consultancy Services (TCS) has expanded its strategic partnership with Xerox to execute an end-to-end transformation program. Xerox also has an outsourcing deal with HCLTech, signed in 2019, and plans to reduce its workforce by 15 percent as part of a 'reinvention' strategy.
SBI launches digital business loans for small and medium cos
SBI launches SME digital loans programme using data from tax and GST returns for quick credit assessment and loan approval up to ₹50 lakh in 10 seconds without human intervention.
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SBI to use IT, GST data for quick sanction of MSME loans
State Bank of India (SBI) has introduced SME Digital Business Loans, using data from income tax, GST returns, and bank statements for rapid credit assessment of MSMEs, enabling loan sanctions within ten seconds without human intervention. For loans up to Rs 50 lakhs, financial statements are waived in favor of transaction history and GST returns. This initiative aims to streamline MSME lending, reducing manual processes and enhancing efficiency.
Cognizant to acquire US digital engineering firm Belcan for $1.3 billion
Cognizant Technologies to acquire Belcan for $1.3 billion, expanding into aerospace, defense, space, and automotive sectors.
Cognizant to acquire Belcan for $1.3 billion
The deal would expand Teaneck, New Jersey-based Cognizant's footprint in the aerospace, defense, space and automotive sectors. Cincinnati-based Belcan, which has been owned by private equity firm AE Industrial Partners since 2015, employs 10,000 people across 60 locations globally. Some of its clients include Boeing, General Motors, Rolls-Royce, the U.S. space agency NASA and the U.S. Navy.
Marketing firm Maino.ai raises $1.8 million in funding led by India Quotient
A substantial portion of the funds will be allocated to building and scaling teams in key domains such as technology, product development, design, and strategy, said Rishabh Kumar, one of the three cofounders of Maino.ai.
Major League Cricket selects Remitly as signature partner
Major League Cricket (MLC) has partnered with digital financial services provider Remitly as a Signature Partner for the league's second season. The partnership is a significant milestone as MLC prepares for the tournament's return on July 5 in Morrisville, NC and Grand Prairie, TX. Remitly's digitally native, cross-border payments app will launch exclusive promotions to celebrate MLC fans, including discounts on international money transfers and special offers during the season.
Data protection, AI rules top tech’s wishlist for next govt
Technology policy lawyers, think tanks and policy groups are making a list of priority items for the new leadership at the IT ministry after the results of the general elections. The Digital Personal Data Protection (DPDP) Rules seem to top the list, along with regulation of AI and the Digital India Bill.
How results of Lok Sabha polls will impact sensex, Nifty
According to a Bloomberg News survey of market participants, Indian stocks require Prime Minister Narendra Modi's party to secure more than 303 seats in the general election to continue their unprecedented rally. The survey, which included 32 asset managers, strategists, and dealers, suggests that a reduced majority for the ruling BJP could result in a 2% decline in the NSE Nifty 50 Index, along with potential losses in the rupee and sovereign bonds.
India’s equity rally hinges on Modi bettering 303-seat tally
Indian stocks' performance is closely tied to the Bharatiya Janata Party's election success. A Bloomberg News survey suggests that if the party wins over 303 seats, stocks could rally; otherwise, a drop is expected.
Mixed reality content platform Flam raises Rs 38 crore in funding
Mixed reality (MR) content publishing platform Flam will use the fresh capital to expand its MR platform footprint into new countries in North America, Europe and the Middle East and North Africa.
Why there is an urgent need for data centres to go green
Data centres are significant consumers of electricity, using approximately 2% of the world’s power and emitting CO2 that is equivalent to the airline industry, a high carbon intensive business.
Another Ambani vs Mittal battle? A look into Airtel's African empire
Bharti Airtel's African venture has been a rollercoaster ride, starting with a bold move by chairman Sunil Mittal in 2008. Despite initial struggles, Airtel Africa has managed to establish a strong presence in 14 countries. Meanwhile, Mukesh Ambani's Reliance Industries is making inroads into the African telecom market with 5G infrastructure solutions. As Airtel Africa faces currency woes, the stage is set for a potential showdown between the two telecom giants.
Instabase appoints Deepak Sharma to advisory board to drive expansion in India
Instabase announced appointment of Deepak Sharma to its advisory board to drive expansion plans in India. Sharma, a Mumbai-based digital leader and former President at Kotak Mahindra Bank, brings over two decades of expertise in scaling digital businesses. Anant Bhardwaj, CEO of Instabase, lauded Sharma's insights, highlighting his pivotal role in navigating India's digital landscape.
A beacon of innovation: How Unilever’s Dubai factory became a global ‘Lighthouse’ in manufacturing
Unilever’s Dubai Personal Care Factory (DPC) is in many ways setting the standard in technological innovation and sustainability, positioning itself as a pioneer in shaping the future of manufacturing.
Flight to sustainability: How microgrids are transforming airports into green energy hubs
Airports worldwide are increasingly investing in microgrid technology as a strong strategic solution that allows them access to continuous, localised, and self-reliant power supply.
Embracing Industry 4.0: Navigating business transformation trends in the digital age
Post-pandemic, the focus on Industry 4.0, Circular Value Chains, Autonomy via Edge Computing, and Demand-Driven Digital Supply Chains reshaped global business dynamics. India's leadership in AI, cybersecurity, and sustainable manufacturing practices highlights its commitment to digital transformation.
Chinese smartphone companies looking to expand their footprint face a loud adversary—Indian retailers
Chinese smartphone brands face retailer backlash in India over low margins, delayed payments, and stock issues. Retailers demand higher margins and timely settlements, impacting brands' offline expansion plans in a shifting smartphone market.
The symbiotic relationship between AI and sustainability
AI is promising to be a transformative technology, propelling various industries and the economy forward. With the widespread adoption of this technology, a greater emphasis will be placed on the efficient use of data to generate actionable insights, making data centre performance critical to fully leveraging the benefits.
Ethnic brand Libas partners GoKwik to expand its direct to consumer footprint
Ethnic fashion brand Libas partners with eCommerce enabler GoKwik to enhance its direct-to-consumer (D2C) presence and drive growth. Utilizing GoKwik's expertise, Libas aims to optimize the checkout experience, expand its online footprint, and offer hassle-free shopping. With KwikCheckout's one-click solution, addressing 85% of addresses and boosting conversion rates, both parties anticipate substantial revenue growth
Carpool, minimise paper use, ensure waste disposal, no single-use plastics: EC for 'sustainable polls'
The Election Commission is promoting eco-friendly practices for the upcoming Lok Sabha polls, urging the avoidance of single-use plastics, minimizing paper use, and encouraging carpooling. Chief Election Commissioner Rajiv Kumar emphasized the importance of environmentally sustainable elections, instructing the poll machinery and political parties to partner with local waste management facilities, use double-sided printing, and reduce carbon footprint. The commission's efforts aim to ensure a sustainable election process, with polling for 543 Lok Sabha seats scheduled in seven phases starting April 19.
Medtronic opens its expanded innovation centre in Hyderabad
Medtronic has expanded its Medtronic Engineering and Innovation Center (MEIC) in Hyderabad, India. The state-of-the-art R&D center, part of Medtronic's $350 million investment plan over five years, aims to expand its global R&D footprint and foster local innovation. The center focuses on collaborative innovation, training, and immersive experiences, housing labs like Digital Therapy & Innovation, Connected Care, and Platform & Tech
Lighthouse invests Rs 284 crore in jewellery brand Kushal’s
Kushal's will use the funds to strengthen its brand and increase its retail footprint. The jewellery brand aims to open more than 300 stores in the next three to four years. The funds will also be used to build technology.
Global leaders meet DPIIT Secretary, express commitment to India growth story
This not only increases ease of doing business but also ushers in ease of living, he said during his interactions with the Indian and global business leaders. Among others, Singh met Henrique Braun, Senior Executive Vice-President, President, International Development of Coca-Cola, who highlighted the importance of local partnership for its success in India and expressed its intent to add more value for farmers.
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