DIGITISATION
How MSMEs are spearheading the digitisation of energy space
Whether it's a smart fuelling station in Mumbai or an AI-driven oil rig in Gujarat, MSMEs are spearheading a digital transformation that promises to redefine the country’s energy future and drive sustainability in the Indian economy.
Property digitisation benefits all: Enhancing transparency and efficiency in the real estate sector
The new government announces assistance for 3 crore homes under the Pradhan Mantri Awas Yojana, reinforcing GoI's commitment to affordable housing and potentially boosting GDP by over $500 bn.
Property digitisation benefits all: Enhancing transparency and efficiency in the real estate sector
The new government announces assistance for 3 crore homes under the Pradhan Mantri Awas Yojana (PMAY), potentially boosting GDP by over $500 billion.
India's consumption story augurs well for our growth: Venkatesh Vijayaraghavan, TTK Prestige
TTK Prestige over the last 30-40 years, if you were to look at, has been making strides in terms of innovation, in terms of growth. Like in every organisation, we do believe that what has taken us so far here will not necessarily be the right thing to do.
WebEngage, InfoAxon partner with Reliance General Insurance to digitise customer experiences
WebEngage and InfoAxon partner with Reliance General Insurance to enhance customer engagement and offer personalized experiences.
We are investing in automation, digitisation and generative AI: Jennifer Tippin, Group COO, NatWest Group
Jennifer Tippin, Group COO, NatWest Group, said, "India is our second largest location outside of the UK, housing a quarter of our global workforce and half our technology workforce. We’ve been growing our presence here as our customers’ needs have changed, requiring more digitisation, enhancing our propositions and experiences. So, we’ve grown our capability here substantially - it’s more than just operations now."
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Infrastructure, digitisation and spiritual tourism to drive realty in smaller towns: Colliers report
The real estate sector in India is experiencing a transformation, with smaller towns becoming vital to the economy due to enhanced infrastructure, affordable property, skilled labor, and government support. Forecasts suggest the sector could reach $1 trillion by 2030 and potentially $5 trillion by 2050, contributing 14-16% to GDP. Colliers report projects urban growth with nearly 100 cities having over a million inhabitants by 2050, driven by factors like infrastructure, digitisation, and changing office trends.
M1xchange surpasses Rs 1,00,000 crore in invoice discounting throughput
M1xchange, an online invoice discounting and factoring solutions provider, has exceeded Rs 1,00,000 crore in throughput value. The platform's Small-to-Small (S2S) financing initiative is bridging the credit gap for tier 2 and tier 3 MSMEs, integrating them into the formal credit ecosystem. With a consistent 100% year-on-year growth, M1xchange discounted invoices worth INR 43,000 crores in FY24. The company aims to boost MSME growth by providing competitive interest rates, prompt disbursals, and streamlined processes. They have also signed MoUs with state governments to offer liquidity to local MSMEs.
Driving logistics forward: How Gurugram-based Varuna Group is maintaining a balance between innovation and sustainability
Varuna Group, established in 1996, is a logistics services provider leveraging advanced digital technologies like IoT, AI, data analytics, and WMS for efficient warehousing and distribution.
Over 250 years of Indian diaspora heritage digitally archived in Oman
The National Archives of India digitised and archived oral history and documents of old Indian merchant families in Oman from the state of Gujarat, shedding light on their cultural practices and contributions to Omani society.
India carries out first ever digitisation of documents of diaspora
The Indian Embassy Muscat, in collaboration with the National Archives of India, conducted a pioneering project to archive historical documents of the Indian diaspora in Oman.
Indian companies likely to use existing AI models to leverage their data: Intel executive
Santhosh Viswanathan, vice president and managing director for the India region at chipmaker Intel, said the Indian market was at an “inflection point” with digitisation being a fundamental change and accelerant for the economy.
India's data centre capacity to double to 2,000 MW by 2026
India's data centre capacity will double to 2,000 MW by 2026, driven by 'green energy'. The industry expects substantial growth, with increasing internet users and digitisation fueling demand for data centres.
West Bengal SSC recruitment scam: SC pauses Calcutta High Court order cancelling 24,000 jobs, allows CBI to continue its investigation
The Supreme Court issued an interim stay on the Calcutta High Court's decision to nullify the entire panel of 2016 SSC teachers' recruitment, which affected the appointments of 24,000 teachers and staff. The court directed the CBI to continue its investigation into the West Bengal teacher recruitment scam without taking coercive actions against officials or candidates. Describing the alleged scam as a "systemic fraud," the court emphasized the importance of maintaining digitized records for the appointment of 25,753 teachers and staff.
Time to unlink size and agility: 6 not-so-large IT stocks operating in niche areas with upside potential of up to 53%
Over the years, there has been some change in how the street looks at IT stocks, but somehow, still there is a perception that large cap companies like TCS, Infy and Wipro, are the ones which give all the indication of what is happening in the IT space. But the reality has been very different. Especially in the last five years, since the time ML and cloud and other speciality segments have come in the software segment. There have been smaller companies which operate in specialized areas who have been able to show much stronger growth at a time when Infy and Wipro’s of the world are under pressure in terms of growth.
Scam-struck UCO Bank lines up Rs 1,000 cr investment for digitisation drive
Uco Bank plans a Rs 1000 crore investment in digitalization and IT upgrades, a 43% increase from last year. Managing Director Ashwani Kumar aims to leverage digital advancements for cross-selling and income growth. The bank will enhance overseas core banking, cybersecurity, and treasury IT systems, separate from addressing previous technical glitches. Expansion includes opening 130 new branches this fiscal year.
100-day agenda: Digitisation of land records among key reforms of new government
Centre's priority: digitize land records by 2026 with ₹1,035 crore, part of key land reforms in 100-day agenda. Aims to streamline land acquisition, reduce disputes, and expedite infrastructure projects.
How digitisation is helping MSMEs improve customer management
Digitising various aspects of MSME operations is essential for driving growth, enhancing efficiency and staying competitive in today’s global marketplace.
Digitisation will be key driver for Mahindra Finance, says MD designate
Senior management at Mahindra Finance is witnessing a paradigm shift as vice chairman Ramesh Iyer passes the reins to Raul Rebello at the end of April. Though developing new business models would take some time, analysts believe the company's strong rural reach and financials would be beneficial.
Road ministry issues SOP for digitising sanction of projects across India
The ministry of road transport and highways has made it mandatory to sanction all road projects digitally by NHAI, BRO, NHIDCL and state governments with effect from April 1, 2024. This, it says, will help in a paperless, informative, transparent and accountable sanction process.
Supply chain digitisation helping businesses cut expenses & risks and boost efficiency, says industry
Digitisation is no longer just an option but a necessity for businesses now.
Digitise as many new asset classes as possible to boost capital formation
Digitization, according to me, will play a pivotal role in capital formation. We have already seen the impact of it in our capital markets.
Cisco plans to tech a ride on India’s digitisation wagon
Cisco Systems expects India to become one of its top revenue-generating markets in the next five years. The company is well-positioned to meet the country's growing tech needs, with a focus on cybersecurity, 5G connectivity, data centers, and the digitalization of core sectors. Improving productivity and efficiency through real-time insights is a priority for Cisco in India.
Tide aims to revolutionise SME finance in India, backed by learning & experience from UK
UK fintech platform looks to make it easier for MSMEs to manage financial and administrative functions and take financial inclusion to secluded areas.
PropTech startup Crib to invest $1 million in digitising student housing and co-living market
PropTech startup Crib invests $1 million in 'Crib Plus' to digitize India's student housing and co-living market, serving over 1000 landlords managing 2500 properties and 1,50,000 beds. Founded in 2021, Crib targets an annual rental exceeding Rs 2,500 crores and aims to cater to large-scale student housing and co-living brands. India's residential rental market exceeds USD 20 billion, with the co-living market projected to double by 2024, indicating significant growth potential. Crib has raised over 2M$ from investors like Rebright Partners, PayTM's Vijay Shekhar Sharma, and Cred's Kunal Shah.
Democracy, demographics and digitisation is propelling India's long-term growth story: Ramesh Damani
Buffett often talks about what he called the ovarian lottery that he was lucky that he was born to white parents in America. I think this generation of Indians should feel very lucky that we are at the right place at the right time.
ET Explainer: Land records digitisation to aid effective policy making
The government's move to digitise land records is set to transform the country's age-old land management system. This initiative, under the 'Digital India' programme, involves conversion of paper-based records into electronic formats. More than 94% of rights records and state-specific registration offices have already been digitised under the 'Digital India Land Records Modernization Programme'. Digitisation of land records holds immense significance, as it has the potential to enhance transparency in land-related transactions, reduce property ownership disputes and make land management efficient. The government has been proactive in promoting digitisation of land records. Initiatives such as the National Land Records Modernisation Programme and the Digital India Land Records Modernisation Programme have been pivotal in driving this process.
Growing global focus on digitisation and innovation will further drive interest in India: Dinesh Deo, Marsh McLennan Global Services India
The focus on innovation has become essential for organisations to remain competitive and stand out in the market, thus making global capability centres now an integral part of the business strategy, says Dinesh Deo, CEO of Marsh McLennan Global Services India.
How India Inc is boosting productivity by using intelligent technologies
Leading manufacturers in India are digitizing factories to adopt the smart shop floor concept and boost productivity. Companies like Larsen & Toubro, RPG Group, MG India, Hyundai, and Hindustan Zinc are investing in digital technologies such as IoT, AI/ML, image analytics, blockchain, and advanced automation. RPG Group increased its digital investment and saw benefits in process scrap reduction, machine uptime increase, and lower maintenance and energy costs.
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