WebinarsNew
Deep DiveNew
Explore Business Standard
Warning of heightened global turbulence in the coming years from tech disruptions, artificial intelligence and financial risks, Union Minister Ashwini Vaishnaw on Wednesday said India is strengthening its economic and technological resilience to shield its growth from external shocks. Speaking at the Bloomberg New Economy Forum 2026, Vaishnaw -- who is Minister for Electronics and IT, Information and Broadcasting and Railways -- said global technology supply chains would continue to span multiple countries and geographies, but companies and governments would need to repeatedly evaluate their partners and ensure that dependence on a particular country or company did not compromise resilience. Technology will remain a highly globalised field, he emphasised, adding that global value chains will be multi-border, multi-country, and multi-geography, reflecting the nature of the industry itself. "... Strategic dependencies, which are the countries you can trust, which are the places where
No form of technology should be "artificially paused" and the need is to stay vigilant and think ahead on how to work with AI, so that innovation isn't stifled while the right governance and usage are built around it, IBM India and South Asia Managing Director Sandip Patel said on Tuesday. In an interview to PTI, Patel said IBM India has always been a critical part of global operations, not only because the company continues to participate in the growth market here, but also because it is a "hotbed of innovation". Innovations from India can be scaled and applied anywhere in the world, he said, pointing to Indian innovations such as UPI. Citing a specific IBM innovation, Patel said the company was "very privileged" to be a part of the creation of YONO, the digital platform run by SBI. He called it a fairly unique proposition that has emerged from India and can be applied around the world. As AI scales, IBM expects to keep participating in the growth story with India as a strong base
Homegrown technology firm Zoho Corporation has paused its annual pay hikes and pruned its marketing expenditure, citing sharply escalating Artificial Intelligence (AI) infrastructure costs and an uncertain outlook for the software sector, founder Sridhar Vembu said on Tuesday. In a post on social media platform X, Vembu described the global employment landscape for the software sector as "grim" and said that the company has kept its headcount flat for the past 18 months while making efforts to avoid mass layoffs. "The business outlook for software is uncertain, and AI has raised costs dramatically with a) A massive 4-fold increase in server prices which we need for data centres and b) AI usage increasing rapidly, leading to much higher expenses, which we are trying to control," Vembu said. He added that a "challenging geopolitical backdrop" has further compounded these operational pressures. Outlining the internal measures taken to navigate the headwinds, Vembu stated that the comp