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Apple’s robust India quarter; Giva’s $100 million funding
Apple posted record sales in India in the September quarter. This and more in today’s ETtech Top 5.
Govt to bankroll half the cost of deepwater wells, but wants its money back from winners
The Indian government is initiating the Samudra Manthan scheme to encourage deepwater exploration for hydrocarbons. This scheme will provide financial assistance up to 50 percent of the costs for exploratory wells. Eligible wells will have a cost cap, and only state-run firms can apply for funding. The government expects repayment only if successful oil or gas is discovered during the exploration.
Nvidia-backed Upscale AI launches platform to connect chips from rival suppliers
Upscale AI has unveiled Token Fabric, a pioneering platform designed for creating data centers powered by AI chips. This innovative solution enables seamless integration of AI processors from different vendors. CEO Barun Kar foresees robust revenue growth stemming from Token Fabric in the coming year. The platform's initial component is slated for release in Q4, with ongoing improvements projected through 2027.
Infosys to move up to one-third workforce into specialist roles
The Bengaluru-based company is hiring from top Indian institutes and US campuses, often competing with AI labs for the same people, the management told its partners, advisers and analysts at a three-day annual Americas confluence in Washington, DC, last week, according to the people ET spoke with.
Tata Communications takes the Google Duplex playbook to India’s small and medium businesses
The company is betting that subscription-based AI agents, built for specific business tasks instead of replacing call-centre workers, can help small businesses improve lead conversions, bookings and customer service.
Kunal Shah’s WhatsApp win; India bourses insulated from AI boom
In bagging the top job at WhatsApp, Cred’s Kunal Shah has done what no Indian entrepreneur could do. This and more in today’s ETtech Top 5.
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Delimitation will turn out to be 'political demonetisation': Tharoor slams govt
Senior Congress leader Shashi Tharoor criticized the government's move to link women's reservation with delimitation, calling it "political demonetisation." He argued that this approach holds women's aspirations hostage to a complex administrative exercise. Tharoor asserted that women's reservation is ready for immediate implementation based on existing parliamentary strength, warning that delimitation could damage federalism.
Decoded: AI buzzwords everyone talks about
Artificial intelligence is rapidly changing industries and daily life. As a major summit approaches in New Delhi, understanding key AI terms is crucial. This guide explains concepts like Large Language Models and Generative AI. It also covers practical applications and potential issues such as AI bias and hallucinations. The focus is on demystifying AI for everyone.
From pilot to platform: How tokenisation is reshaping global finance
Tokenised treasuries and money market funds surge. Stablecoins serve as liquidity rails. Entire asset classes may migrate to programmable ledgers. India explores frameworks for tokenised mutual fund units.
Karwa Chauth 2024: Top 10 thoughtful gift ideas to delight your wife
Karwa Chauth 2024: Husbands can make Karwa Chauth memorable for their wives by gifting thoughtful items like Sargi hampers, designer sarees, jewellery, customised thali sets, skincare kits, spa vouchers, mehendi artist appointments, personalised keepsake boxes, romantic dinners, and handwritten love letters or poems. Each gift symbolizes appreciation and deepens marital bonds.
Textiles and pharma PLI schemes likely to see longer product list
The cabinet was set to decide on expanding the production-linked incentive (PLI) schemes in sectors like textiles, food processing, and pharmaceuticals to include more products. Meanwhile, the budget for PLI schemes increased to `16,092 crore for FY25. Textile PLI might see a lower investment threshold, with more man-made fabric products and apparel possibly being added.
Mother's Day 2024 is on its way; here are best deals for the perfect gift to your mom
Mother's Day 2024 is just around the corner and there is still some time left to decide on a gift for your mother if you haven't already. Many do not possess the 'gifting knack' in them and we are here to help them with a set of ideas with which you can express your love and respect to the person who has been beside you through thick and thin.
DeFi pioneer Retik Finance (RETIK) raises more than $21 million, closes presale stage 8 ahead of schedule
Retik Finance (RETIK) surpasses $21 million in presale token funding, driven by the success of its Retik Wallet and Retik Pay. The Retik Wallet offers a secure and user-friendly platform for storing, managing, and exchanging cryptocurrencies, with a built-in dApp browser. The Retik DeFi Debit Cards allow users to seamlessly spend their cryptocurrencies in the real world, blurring the boundaries between digital assets and fiat currencies. Retik Pay enables frictionless crypto payments for merchants, bridging the gap between mainstream commerce and digital assets. The success of Retik's presale is attributed to a well-executed pricing strategy and a strong emphasis on trust-building and community development.
E-rupee push: RBI looks to tokenise government securities, customer deposits
Investors would be able to purchase government securities and other bonds using digital currency in their wallets. This would have the twin benefit of widening digital currency usage beyond the simple merchant payments at present and also help boost retail participation in the government bond market.
Sam Bankman-Fried's dipping into customers' funds was done unilaterally: Nishad Singh
Singh testified that he learned two months before the crypto exchange blew up that it was improperly using customers' money.
PM says cyber crimes can have social, geopolitical implications; need global cooperation to deal it
"Terrorist organisations are using technology for radicalisation, moving money from money laundering and drugs into terror funding, and capitalising on emerging digital avenues such as the dark net, metaverse, and cryptocurrency platforms to fulfil their nefarious aims," he said.
'Self-glorifying authoritarian' PM inaugurates new Parliament building: Congress
Attacking the PM, Congress general secretary Jairam Ramesh said, "On this day, May 28th: Nehru, the person who did the most to nurture Parliamentary democracy in India, was cremated in 1964. Savarkar, the person whose ideological ecosystem led to the killing of Mahatma Gandhi, was born in 1883."
Find the Best Ties for Men in India at the Best Prices
Men's ties are the most frequently worn accessory with suits and other formal attire. The traditional suit and tie ensemble worn by most men is incomplete without a tie. Any formal dress can be vastly enhanced by a premium tie. Here are our picks for the best ties for men in India.
'Hero Pay': Frontline workers in Minnesota to start getting payment from this week. Read to know amount
Over one million frontline workers in Minnesota will begin receiving nearly $500 payments this week as 'Hero Pay', according to Minnesota Governor Tim Walz.
Not just cryptocurrency, all money is funny money based on notional worth
The current spotlight on cryptos may, however, seem misplaced as all currencies, at all times, are crypto, in that as mediums of exchange, they are based on a mutually agreed upon conspiracy regarding their intrinsic worth.
Crypto community high on hopes after positive signals from India, Russia govts
Crypto industry at large is positive on the announcement and believes that the governments across the world are stepping ahead to take a big awaited call in the digital assets
2021 Year in Review |From metaverse to DAOs, a guide to tech buzzwords
If you're still drawing a blank as 2021 wraps up, here's a short glossary:
Metaverse, NFTs, and DeFi: Three crypto use cases that could redefine the global priorities over time
The empowering tokens shall be hard to catch once the world welcomes the concept of Metaverse, NFTs, and Decentralized Finance with open arms. Precisely making the internet, art ownership, and finance more inclusive and transparent over time.
Central govt's reduction in fuel prices only a 'mockery': CPI(M)
The party also condemned the decision of the central government not to procure paddy at minimum support prices (MSP) from certain states and alleged that the argument put forth by the government to do so was "spurious". "This cruel decision comes at a time when the farmers have been in a historic struggle for a year demanding the repeal of the Agri Laws and the legal right to sell at MSP for all crops," it said.
After extravagant wedding, Mukesh, Nita Ambani host musical fountain show for 7K members of armed forces, Mumbai Police
Prior to the wedding, RIL Chairman Mukesh Ambani had sent sweets to 50,000 Mumbai cops.
Soaps, puppets, nut hampers: This Christmas, present your loved one an elegant, sustainable gift
A customised deck of UNO cards with your favourite picture on the back is bound to make game night fun.
Can Blockchain be the beachhead for India's public sector profitability?
Setting up BharatChain is by no means an easy task; but once done, India will have leapfrogged several other emerging digital economies to realize immense benefits.
Goldman, Google make list of most active blockchain investors
All 10 of the largest United States banks by assets have been involved in the sector.
Why Mondelez is not worried about new competition in India
Rivals Nestlé, Ferrero India and even Patanjali hit the market with new launches in the chocolates category dominated by Mondelez.
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