AI agents to drive next wave of enterprise transformation in 2025: Nasscom
New Delhi, May 29 (IANS) Enterprises are expected to spend 3-4 times more funds on AI agents in 2025, signalling a strategic reallocation of budgets away from classical AI and even GenAI toward more interactive, autonomous agent-based systems, a Nasscom-led report said on Thursday. The next frontier of enterprise transformation is being shaped by AI […]
Total telephone subscribers in India increase to 1,203.84 million in April
New Delhi, May 29 (IANS) The number of total telephone subscribers in India increased from 1,200.80 million at the end of March to 1,203.84 million in April, a monthly growth rate of 0.25 per cent, the government’s telecom subscription data showed on Thursday. Urban telephone subscription increased from 666.11 million at the end of March […]
Venus Pipes and Tubes clocks 5.2 pc drop in Q4 profit
Mumbai, May 29 (IANS) Venus Pipes and Tubes Limited, a leading manufacturer and exporter of stainless-steel pipes and tubes, has reported a 5.2 per cent year-on-year drop in its profit after tax (PAT) at Rs 23.7 crore for the March quarter (Q4) of FY25, compared to Rs 25 crore in the same period in previous […]
Labour productivity must be raised to pave way for Viksit Bharat: Suman Bery
New Delhi, May 29 (IANS) A sustained rise in labour productivity is a prerequisite for realising the Viksit Bharat dream, where each citizen is visibly empowered and where every Indian becomes an equity holder in the growth aspirations of the new and progressive India, NITI Aayog Vice Chairman Suman Bery said on Thursday. In his […]
87 pc of Indian firms shift focus to domestic markets amid global uncertainties
New Delhi, May 29 (IANS) Amid global uncertainties, Indian businesses are rethinking their trade strategies to adapt to evolving market dynamics, with 87 per cent of firms pivoting their focus toward domestic clients, prioritising local customer needs to ensure stability, a new HSBC Global report said on Thursday. About 76 per cent of Indian firms […]
India must build AI models to solve world challenges: Amitabh Kant
New Delhi, May 29 (IANS) Artificial Intelligence (AI) race has just started, and Indian foundational models will solve many challenges for the world, G20 Sherpa Amitabh Kant said on Thursday, urging Indian companies to build better and efficient AI foundational models. “What we did in digital public infrastructure (DPI) is that we used open source, […]
Adani Electricity’s 1st digital 220 kV substation to power BKC, surrounding Mumbai areas
Mumbai, May 29 (IANS) Adani Electricity on Thursday said it recently inaugurated a state-of-the-art 220 kV digital substation in the Bandra Kurla Complex (BKC) to address the escalating power demands of BKC, Bandra East, Bandra West, Khar West, Santacruz East, and surrounding areas here. The substation will support commercial, residential, and infrastructure projects in BKC […]
First India-made 28-90 nm chip to be rolled out this year: Vaishnaw
New Delhi, May 29 (IANS) IT and Electronics Minister Ashwini Vaishnaw on Thursday announced that the first Made in India semiconductor chip of 28-90 nm will be rolled out this year. Addressing the CII’s Annual Business Summit here, the minister said: “We targeted a particular segment, which has 60 per cent of market volume, using […]
Ola Electric’s net loss doubles in Q4, revenue tanks 62 pc
New Delhi, May 29 (IANS) Ola Electric’s financial performance took a sharp beating in the fourth quarter (Q4) of FY25, as the Bhavish Aggarwal-led electric vehicle maker on Thursday reported a steep drop in revenue and a two-fold increase in net losses on year-on-year (YoY) basis. The company posted a net loss of Rs 870 […]
Bajaj Auto’s Q4 net profit drops sequentially by 18 pc
Mumbai, May 29 (IANS) Bajaj Auto on Thursday reported an 18 per cent drop in its consolidated net profit for the fourth quarter of the financial year 2024-25 (Q4FY25) on a sequential basis. The company posted a net profit of Rs 1,802 crore in Q4 FY25, compared to Rs 2,196 crore in the previous quarter […]
