The Times of India - Business (2 hours ago)
Industry leaders at the India AI Impact Summit emphasized the need for open, trusted, and globally accessible AI. Bharti Enterprises' Sunil Mittal highlighted AI's integration into telecom and its potential to boost sectors like healthcare and education.
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India is charting its own AI course, launching domestic models focused on linguistic and cultural depth. Companies like Sarvam AI, BharatGen, and Gnani.ai are prioritizing local relevance over sheer size, aiming to excel in Indic reasoning, translation, and speech processing. This strategy challenges global giants by addressing the nuanced needs of...
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Accenture CEO Julie Sweet highlights AI's shift towards driving business growth, with LLMs emerging as new commerce channels. She emphasizes that while AI adoption presents challenges, Accenture's expertise is crucial for clients. Sweet also notes the evolving role of Indian employees in the company's global AI strategy and advises universities to...
ReadThe Times of India - Business (3 hours ago)
Indian stock markets experienced a significant downturn, with the Sensex plummeting over 1,200 points. Investors lost nearly Rs 7 lakh crore as global concerns, including US Fed rate cut uncertainty and escalating geopolitical tensions, triggered widespread selling. Major sectors like real estate, power, and auto bore the brunt of the sell-off.
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Inox Neo Energies and Authum Investment & Infrastructure are acquiring Wind World's assets for an estimated Rs 1,800-1,900 crore. The deal will see Inox Neo take over the 600 MW wind power portfolio, while Inox Green Energy will manage the 4.5 GW operations and maintenance business. This strategic move significantly expands the InoxGFL Group's...
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ANMI, a prominent stock brokers' body, has cautioned the RBI against its new stricter funding rules for brokers, warning of reduced government tax revenues and diminished stock market liquidity. The association has urged Sebi to delay the implementation by six months for consultations, citing increased trading costs and reduced borrowing capacity...
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Tata Group and OpenAI are forming a major partnership to boost India's AI capabilities. TCS will construct significant AI data center capacity. This collaboration aims to support advanced AI training and inference. OpenAI will be the first client for TCS's HyperVault business. The initiative focuses on data residency and domestic AI development.
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Infosys Chairman Nandan Nilekani cautioned that white-collar worker resentment could derail AI progress if not managed carefully. He emphasized developing AI use cases that benefit the broader population, support career transitions, and reskilling. Nilekani urged a focus on useful AI diffusion for humanity to avoid negative consequences.
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India is poised to commence domestic production of rare earth permanent magnets by year-end, marking a significant stride towards self-reliance in critical minerals. After extensive research, the government, in collaboration with NFTDC, has developed indigenous technology and is transferring it to the private sector for manufacturing.
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Indian education loans are growing strongly. Asset quality is improving significantly. This resilience continues despite global uncertainties. Banks' outstanding education loans have reached Rs 1.5 lakh crore. Non-performing assets have fallen sharply. Private lenders also report robust growth and strong asset quality. Financing penetration...
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Tata Sons chairman N Chandrasekaran declared Artificial Intelligence as the technology sector's "biggest opportunity." He highlighted that IT's core value stems from its deep understanding of enterprise businesses and its capability to integrate technology effectively within complex operational environments.
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Reliance Industries chairman Mukesh Ambani announced a $110 billion investment over seven years to build India's sovereign AI infrastructure, including data centers and a nationwide edge compute network. This initiative aims to connect India to the intelligence era, reduce compute costs, and establish the nation as a global AI power.
ReadThe Times of India - Business (9 hours ago)
Swiss President Guy Parmelin advocates for a multi-faceted AI governance framework, emphasizing societal norms alongside legal and technical standards. He also discusses Switzerland's commitment to a just peace in Ukraine through the OSCE and highlights the importance of free trade agreements like TEPA in challenging global trade times.
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