DEVIKA AI
US Stocks | US stocks end lower, post weekly loss as war on Iran fuels inflation worries
Indian markets mirrored global trends as US stocks closed lower. Volatile crude oil prices, influenced by the Iran conflict, impacted equities. Investors are closely watching global oil supply dynamics. Economic indicators showed mixed signals, with inflation remaining a concern. The US Federal Reserve is expected to maintain interest rates. This situation creates uncertainty for market participants.
Founders pitch to PM Modi at Startup India event
Prime Minister Narendra Modi met select startup founders at National Startup Day in New Delhi. Entrepreneurs showcased innovations across agritech, cleantech, AI and recruitment. Modi stressed that leadership in artificial intelligence and manufacturing will define India’s economic strength and urged startups to focus on building physical, scalable solutions.
India’s growth trajectory setting the stage for Budget 2026
Union Budget: India's economy is experiencing strong momentum ahead of Budget 2026, driven by robust consumption, favorable monsoons, and government spending. Reforms like GST 2.0 and export liberalization, alongside R&D incentives, are poised to further stimulate growth and position India as a global hub for high-value services.
WPP’s Q3 earnings show global slowdown, but India stands out with strong growth
WPP reported a weak third quarter for 2025, revising its full-year guidance downward due to declining revenues across key regions. India emerged as the sole major growth market, posting a 6.7% increase in revenue less pass-through costs, driven by strong new business momentum. The company is implementing leadership changes and strategic initiatives to improve execution and drive future growth.
India’s ad spend to reach 0.5% of GDP by 2029: Bain
India's advertising expenditure is poised for substantial growth, potentially reaching 0.5% of GDP by 2029, mirroring trends in other major economies. Fueled by rapid digital adoption and increasing internet access, India's advertising market is projected to expand at a compound annual rate of 10–15%.
Indian digital advertising market to grow at 15% annually: Bain & Company report
Per the global management consulting firm, this growth between 2024 and 2029 will be driven by consumption growth, the emergence of new media avenues, and wider internet usage. The report said that, from spending the majority of their digital advertising budgets on Google and Meta, brands are now diversifying to news apps, OTT and ecommerce platforms, quick commerce apps, and gaming apps.
Zepto co-founder Kaivalya Vohra leads Avendus-Hurun India list of Under-30 entrepreneurs
Kaivalya Vohra and Aadit Palicha of Zepto top the first Avendus Wealth Hurun India 2025 Under-30 list, featuring 79 young entrepreneurs. The list spans multiple sectors, highlights Mumbai’s dominance, and notes over $5 billion in funding raised. Only six women made the list, underscoring gender disparity.
Devika Gholap, Devanshi Kejriwal, Radhika Ambani and more on Hurun India's Under 30 Women to Watch list
The inaugural Avendus Wealth–Hurun India U30 List 2025 recognizes six women entrepreneurs, aged 28-30, for their impactful ventures across diverse sectors like AI healthcare, edtech, and fintech. These self-made leaders are part of a broader shift in India's entrepreneurial landscape, with talent emerging from Tier 2 and 3 cities. They are reshaping innovation and building future-ready businesses.
Wall Street mixed as Coca-Cola gains and Tesla dips
Wall Street's main indexes showed mixed performance on Tuesday, with gains in Coca-Cola and Apple countering losses in Tesla. Investors focused on Federal Reserve Chair Jerome Powell's remarks about economic strength and interest rates, while also anticipating potential new tariffs from President Donald Trump.
Union Budget 2025: How Budget may determine India’s economic trajectory on the global stage
India's Union Budget 2025 aims to strengthen economic leadership by focusing on fiscal prudence, infrastructure development, manufacturing, digital economy, tax reforms, sustainability, and human capital. Targeted investments in green technologies, vocational training, and ease of regulatory frameworks are expected to drive inclusive growth and global competitiveness.
Tech for real-world applications: How enterprises can build AI systems tailored to their needs
Businesses are increasingly customizing large language models (LLMs) like GPT and Claude. Retrieval-Augmented Generation (RAG) and in-context learning offer distinct advantages.
US launches Nvidia antitrust probe after rivals' complaints: report
The U.S. Department of Justice initiated an investigation into Nvidia after competitors alleged it used its dominance in AI chip sales to pressure cloud providers and charge higher prices for rival networking gear. Nvidia maintained it competes fairly based on innovation and following laws, while the DOJ gathered more information from rivals.
Talent AI-volution: Can AI adoption dent India's tech edge?
India is the tech powerhouse of the world, known for its engineering prowess. But can the widespread adoption of AI, which will lead to significant automation, dent India’s talent edge? Annapurna Roy and Beena Parmar report.
Prompt in progress: GenAI text-to-code tools boost productivity
Gen AI text-to-code tools hold promise of up to a 50% gain in productivity. Top IT firms are also embracing them for efficiency. But as Himanshi Lohchab and Beena Parmar find, the road to large-scale adoption is still dotted with caution.
New AI law to protect Indian publishers; Navi eyes $2 billion valuation
News publishers in India have been seeking changes to the information technology rules to ensure fair compensation for the use of their content by generative AI models. The Digital News Publishers Association (DNPA) grouping has sent a letter and made representations to the ministries of electronics and information technology, and information and broadcasting, seeking protection from likely copyright violations by AI models, ET reported in January.
Meet Devika, India’s first AI engineer who can do it all
Devika, India's AI engineer, competes with US's Devin using LLMs. It assists developers, plans to add multimodal features. Mufeed, a cybersecurity enthusiast, founded Lyminal, Stition, focusing on CodeSentry for automated secure operations.
Reddit shares end trading up 48% in market debut
While Reddit still relies on advertising for the vast majority of its revenue, it touted AI in its IPO marketing roadshow as an area of growth. It also disclosed last week that the U.S. Federal Trade Commission is looking into its AI data licensing deals.
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