TECHNOLOGICAL FOUNDATION
Strong ER&D demand helps IT buck overall soft hiring trend
India's $250 billion IT services industry is facing sluggish hiring, but a bright spot is emerging in Engineering, Research & Development (ER&D). Demand for ER&D services is surging, driving a 15% increase in recruitment for these roles. Staffing firms report that tech companies are ramping up ER&D hiring to stay competitive in the global market.
How India can drive financial efficiency & sustainability with cloud technology
In today's rapidly evolving work landscape, organizations must strategically leverage GenAI, automation, and cloud technologies to drive business performance, reduce IT expenses, and differentiate technology. By optimizing cloud outlays and embracing sustainability efforts, banks can unlock tangible value and enhance shareholder value in addition to cost savings.
MSME Day 2024: Nasscom Foundation and SME Council launch upskilling initiative for marginalized youth
CEO Nidhi Bhasin leads a collaborative effort to equip marginalized youth with skills for the job market, uniting SMEs to amplify social impact and address the demand for skilled professionals, making a significant collective impact on CSR efforts.
Elastocalorics, carbon-capturing microbes among top 10 emerging technologies: WEF
The WEF said these top 10 emerging technologies focus on applications in health, communication, infrastructure and sustainability. The report also states AI will enable researchers to make unprecedented connections and advancements in understanding diseases, proposing new materials, and enhancing knowledge of the human body and mind.
Wadhwani Foundation ties up with 5 top schools, AICTE, C-CAMP for research commercialisation
Wadhwani Foundation partners with AICTE, IITs (Delhi, Bombay, Kanpur, Hyderabad), IISc Bangalore, and C-CAMP to establish WIN-COEs for commercializing academic innovations.
Strong foundation to be laid for youth: Ashwini Vaishnaw as he assumes charge of I&B Ministry
Ashwini Vaishnaw has been appointed as the Minister of Information and Broadcasting (I&B) in India. He was presented with a bouquet and a tree sapling by the Ministry staff. Vaishnaw thanked Prime Minister Narendra Modi for the opportunity and expressed gratitude for the Prime Minister's decisions dedicated to the poor and farmers. He has been assigned portfolios as Minister of Railways and Minister of Electronics and Information Technology.
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Arthan Finance raises Rs 50 crore from Incofin, Dell Foundation
The Dell Foundation is a returning investor in the company. The fresh fund infusion will boost the company’s business expansion and technological progress, the company said.
HCL Technologies launches Enterprise AI Foundry
HCL Technologies said in a media release that, the company launch of HCLTech Enterprise AI Foundry to "simplify and scale enterprise AI journeys." The release further added, that this platform will effectively enable business leaders to focus on real-world outcomes and help development teams build next-gen AI-powered applications with ease.
India’s climate dilemma will hang over Modi’s next five years
Modi, who has cast himself as climate champion for much of the past decade, will be under pressure to make faster progress toward existing green targets, including pledges to hit net zero by 2070, install a mammoth 500 gigawatts of non-fossil energy by the end of the decade, and corral a global alliance on solar power that aims to secure $1 trillion in investment.
Ghatkopar hoarding was installed on weak foundation: Mumbai institute's report
A report submitted by a technological institute revealed that the hoarding that collapsed in Mumbai, claiming 17 lives, had been installed on a weak foundation. Despite the city's standards for wind resistance, the structure could only withstand 49 kmph winds, leading to tragedy. Investigations and arrests followed, uncovering negligence and lack of proper oversight.
Cisco launches $1 billion AI fund and makes first investments
Cisco through its investment arm, is investing in Cohere, Mistral AI and Scale AI, among others, and has already committed nearly $200 million of the fund.
Modi has pulse of the average man, leads by example, says head of IIT alumni nonprofit body
"You can have many politicians who can say something but mean something else. But here you have a person who is leading by example and his leadership, his work ethic, his delivering performance from his account is perpetuating in terms of every minister, every ministry following and being forced to lead that, to follow that," said Ratan Agarwal, president of WHEELS Global Foundation.
OpenAI's Sam Altman pledges to donate over half of his fortunes
The move comes after a tumultuous six months for Altman, the co-founder of the San Francisco-based company behind ChatGPT and a venture capitalist who Forbes says amassed much of his $1 billion through investments.
ChatGPT meets Beckn in FIDE’s AI agent BecknGPT
The AI agent, Beckn Generative Pre-trained Transformer or BecknGPT, is an open-source demonstration app over Open AI’s ChatGPT.
Indya and FabAlley's parent co raises Rs 50 crore from investors led by Sangita Jindal
High Street Essentials (HSE), the parent company of women’s fashion brands Indya and FabAlley, secures Rs 50 crore in funding led by Sangita Jindal of JSW Foundation. This investment will fuel Indya's expansion in the occasion wear and wedding market, leveraging strategic designer collaborations and global expansion plans. The company aims to open 10 new wedding stores this year and expand its international retail presence.
IIT-Madras to provide funds to incubate sports-tech startups
IIT-Madras to fund sports-tech start-ups with AI and IoT products. Funds from IIT-Madras Pravartak Technologies Foundation and CESSA. Focus on sports tech incubator fund.
Govt saying aye to laying strong AI foundation
The government may rope in higher education institutes, key researchers for the model that can be customised for wide range of applications. It will be trained on publicly available data, digitised records of books, journals and research papers from public libraries.
Cruel Summer: Rethinking how to live, work in a world that is getting warmer
As this year’s summer, with its extended heat waves and record temperatures, warns, how to adapt to a warmer world is no longer a hypothetical question. A new study by World Weather Attribution says climate change has made a 30-day heat wave in South Asia 45 times more likely and 0.85o C hotter. Experts say we need to rethink the kind of houses we live in and offices we construct, how we grow our crops and the way we look at the impact of heat on our bodies, even as we tackle reducing the use of fossil fuels.
TBO Tek sees robust listing. What should investors do now?
TBO Tek strong listing can be attributed to the unwavering investor confidence in the company’s solid technological foundation and its potential for continued growth in the online travel sector.
TBO Tek shares debut at 55% premium over issue price
TBO Tek's shares debuted on NSE and BSE at premiums of 55% and 50% respectively. The company's appeal stems from its robust technological foundation, leveraging a proprietary platform. It raised funds from anchor investors for growth and inorganic acquisitions. IPO opening witnessed strong interest. General Atlantic acquired a minority stake in TBO.
TBO Tek shares to debut on Wednesday. What GMP signals ahead of listing
The TBO Tek IPO was booked over 80 times at close on strong interest from non-institutional investors. Ahead of the IPO opening, the company raised nearly Rs 697 crore from anchor investors.
India to become AI use case capital of the world: Nandan Nilekani
Nandan Nilekani's People+ai introduces 'Adbhut India' and OCC project, emphasizing frugal AI innovation in India. The initiatives aim to leverage the country's population and digital infrastructure for impactful AI solutions, fostering healthy competition.
The rise of Finternet: an interconnected network of financial ecosystems
A new model proposed by Nandan Nilekani and Agustín Carstens envisages multiple financial ecosystems interconnected with each other. Multiple financial ecosystems interconnected with each other is called Finternet, the building blocks of which combine technological advances with sound governance. The framework proposes using technologies such as tokenisation and unified ledgers.
Billionaire quant investing pioneer and philanthropist James Simons dies at 86
Sixty years ago Simons -- who preferred to be known as Jim -- shifted course from teaching mathematics and working in U.S. intelligence to investing. His pioneering use of computer signals for trading decisions earned him the nickname "Quant King."
People+ai partners with 24 tech organisations to enable open cloud compute infra
AMD, Oracle, and various technology providers collaborate to address the increasing compute requirements. The partnership aims to enhance the compute ecosystem in India through the creation of a network of providers for accessible and tailored compute resources.
Digi Yatra app has always been under our full control: Digi Yatra Foundation
Digi Yatra Foundation maintains control over the application despite controversy with former vendor. CEO denies storing passengers' data. Access Now criticizes project's use of Facial Recognition Technology at Indian airports. Passenger data is encrypted for security.
Digi Yatra: Stakeholders working to address tailgating issue
Stakeholders, inc. Digi Yatra Foundation & BCAS, work on airport tailgating issue using FRT. Measures include gate closure speed, systematic entry process, data encryption, user-friendly facility, Aadhaar validation, boarding pass scan, facial recognition, and security clearance.
Top companies back move to set up open cloud compute network
People+ai, an initiative by EkStep Foundation co-founded by Nandan Nilekani, set out last year to address increasing compute demand in the country, which is increasing with AI.
From digital literacy to women entrepreneurship: How Nasscom Foundation is championing technology for social good and SDG push
Nasscom Foundation is focused on driving social change through technology, and its broad spectrum of initiatives are aimed at holistically harnessing technology for social innovation, says Nidhi Bhasin, CEO.
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