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Minister of State for External Affairs Kirti Vardhan Singh will lead the Indian delegation that will participate in the inaugural United Nation's Global Dialogue on AI Governance in Geneva from July 6-7, the MEA said on Sunday. The Global Dialogue is a unique opportunity to advance international governance of artificial intelligence (AI) in ways that complement international, regional, national and multi-stakeholder efforts, it said. Minister of State for External Affairs and Environment, Forest & Climate Change, Singh, will be leading the Indian delegation to Geneva, Switzerland. The Global Dialogue on AI Governance is a universal, multi-stakeholder UN forum established under General Assembly Resolution 79/325, following the Global Digital Compact adopted as part of the Pact of the Future in September 2024. "Together with the Independent International Scientific Panel on AI that promotes scientific understanding, transparency, accountability and robust human oversight, the ...
India's IT services sector is likely to post a "soft" June quarter as enterprises stay cautious about discretionary technology spending amid global macroeconomic uncertainty, geopolitical developments and a focus on AI-led efficiency, according to Equirus Securities. Equirus expects the top six Indian IT services companies to report constant-currency organic US-dollar revenue performance ranging from a 1.7 per cent decline to 1.1 per cent growth quarter-on-quarter. Wipro IT Services is expected to be at the lower end of the range, while Tech Mahindra is likely to lead the large-cap pack. Among mid-sized companies, Persistent Systems, Mphasis and eClerx are expected to post relatively stronger organic growth, it said. "Enterprise technology spending is expected to remain measured during the June quarter as global macroeconomic uncertainty, geopolitical developments and a continued focus on AI-led productivity gains keep discretionary IT investments under pressure," as per Equirus ...
IT services major HCLTech on Friday said it has secured a USD 1.14 billion deal from a Europe-headquartered Fortune Global 50 company to transform and manage its digital workplace and enterprise networks. HCLTech did not disclose the name of the firm. Under the partnership, HCLTech will establish an Artificial Intelligence (AI)-driven operating model for the client, according to a regulatory filing. The initial term of the agreement spans five-and-a-half years, from July 2026 to December 2031, with an option to extend the partnership for a further period of five years. "The estimated value of the agreement during the initial term is USD 1.14 billion. This is entirely a net new business for the company," HCLTech said.
India appears set to move towards a dedicated regulatory framework for artificial intelligence, with IT Secretary S Krishnan on Friday saying the time has come to look at a separate AI regulation. Krishnan noted that while existing legal provisions have so far been adequate in addressing initial concerns on issues like deepfakes and AI-generated synthetic content, an "additional regulation or law may be needed". "It is a conversation which has commenced, and my Minister (IT Minister Ashwini Vaishnaw) and I have both been on record earlier that we will look at AI regulation when the time is right, and it appears that the time is getting right, and we will start looking at it," Krishnan said. He added: "We have used the IT rules, and other provisions of existing law to address various concerns that AI raises, but now, probably the time has come to look at a separate legislation." Asked about the timelines for bringing out a new AI regulation, the IT secretary said: "As Ministry, at a