New Delhi, March 1 The mutual fund industry has seen significant growth in assets under management (AUM) — from Rs 5.89 lakh crore in May 2008 to Rs 53.4 lakh crore in March 2024, a report showed on Saturday. The steady increase in the share of mutual funds in Indian household savings, from 7.6 per […]
New Delhi, Feb 26 The first ‘Made in India’ semiconductor chip would be ready for production this year, Union Minister for Railways and Electronics and IT, Ashwini Vaishnaw, has said. India has made significant progress in semiconductor manufacturing, with five units under construction simultaneously. The first ‘Made in India’ chip is expected to roll out […]
Mumbai, Feb 25 About eight out of 10 developers in India have reported significant productivity gains by using generative AI, as the new technology is transforming IT-enabled services (ITeS) industry in the country, according to a new report. As companies increasingly integrate AI into their workflows, the report said that GenAI is just the beginning […]
Mumbai, Feb 24 Maharashtra Chief Minister Devendra Fadnavis on Monday expressed confidence that the state government has been accelerating the administration and economy through technology, including artificial intelligence (AI), and his state will soon lead the country’s AI and technology revolution. He was speaking at the NASSCOM Technology and Leadership Summit here. CM Fadnavis said […]
New Delhi, Feb 16 The Indian economy is in a very stable political regime and with recent wins in various assembly elections and a good budget, the current BJP-led NDA administration has further cemented its position as a stable regime, according to a new report. Quarterly earnings are expected to improve sequentially as government spending […]
New Delhi Microsoft CEO Satya Nadella said that he is thrilled to see bonds grow between India and the US. Speaking at the 76th Republic Day celebration in Seattle, US, Nadella said the bond is strong because of shared democratic values by both countries. The event was organised by Indian Consulate in Seattle. “Looking forward, […]
Kanpur, Jan 11 The Indian Institute of Technology Kanpur (IITK) said on Saturday it has developed a unique brain-computer interface-based robotic hand exoskeleton that can help in stroke rehabilitation and redefine post-stroke therapy by accelerating recovery. The robotic hand deploys a unique closed-loop control system that actively engages the patient’s brain during therapy. It integrates […]
New Delhi, Jan 3 India’s smartphone market is projected to cross $50 billion in value by 2025, driven by the ongoing trend of premiumisation and thrust on local manufacturing, a report showed on Friday. The retail average selling price (ASP) of India’s smartphone market is expected to cross the $300 mark for the first time […]
New Delhi, Dec 19 The Indian medical devices, a sunrise sector in the country with growth potential, is estimated to grow to $30 billion by 2030, Union Minister of State for Health and Family Welfare Anupriya Patel said on Thursday. Addressing the plenary session at the 21st Health Summit of the Confederation of Indian Industry […]
New Delhi, Dec 19 Indian scientists and engineers must specialise in high-end technologies like Artificial Intelligence (AI) and Quantum Computing to strengthen the country’s position in cutting-edge innovation in the global arena, said Defence Minister Rajnath Singh on Thursday. He said this while addressing the inaugural session of the Indian National Academy of Engineering’s Annual […]