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India now an artificial intelligence innovation hub, reveals a study

India was ranked eighth in the top 10 countries by AI patent families on a global level, an impressive accomplishment considering it had no AI-related patent filing prior to 2002

Wipro to invest $1 bn in cloud technologies over next three years

Wipro has seen consistent growth in its cloud business and today employs over 79,000 cloud professionals and more than 10,000 people certified by the leading cloud service providers

With an eye on online shoppers. YouTube buys social commerce startup simsim

The simsim app serves as a platform to connect local businesses, influencers and customers. The company had raised $16 million in 2020

Work from anywhere, educate from anywhere is key: Prakash Mallya of Intel

In a Q&A, the firm's Vice President and MD-Sales, Marketing and Communications Group, dwells on Intel's goal to accelerate the transformation of the country in its digital journey

Infosys Q1 net profit rises 23%, ups FY22 revenue guidance to 14-16%

'This has been a landmark quarter for us with the company. Q1FY22 saw the fastest growth in the last 10 years,' says CEO Salil Parekh

Mindtree Q1 net profit rises 61% to Rs 343 cr; revenue up 20%

In dollar terms, Mindtree's revenue grew 7.7% sequentially and profit was up by 7.5%

In a first, BASF Venture Capital GmbH invests in Indian startup UrbanKisaan

Conceptualised in 2017, UrbanKisaan operates several suburban greenhouses and vertical indoor farms in Hyderabad and Bangalore

AdmitKard raises Rs 10 cr in pre-series A round from startup founders

The pandemic certainly wreaked havoc on the start-up industry, however, ed-tech has been one of the sectors to witness growth in traction

Pankhuri raises $3.2mn from Surge, India Quotient and Taurus Ventures

Pankhuri is a platform for women in India to network, learn and shop through live streaming, chat, and cohort-based sessions

Global chip shortage: When will India have its own semiconductor plant?

The country needs to focus on creating a semiconductor ecosystem of its own, to avoid being crippled by shortages

Pandemic hastens transformation, demand soars for digital skills

Non-IT sectors, traditional firms seek tech talent at campus placements, too; focus also turns to soft skills

PharmEasy parent API Holdings in talks with SoftBank to raise $100-200 mn

Softbank is still evaluating proposal. The firm aims to acquire a company in the healthcare space and to clear loans raised earlier, says source

TCS plans to hire over 40,000 freshers from Indian campuses in FY22

IT firm's recruitments may surpass FY21 numbers

TCS Q1 PAT up 28.5% YoY; India business down 14.1% due to second wave

The company continued to see robust growth operationally, reporting total contract value of $8.1 billion, deal signing driven by growth across geographies and verticals

I-T assessments hit as e-filing portal's communication with back-end broken

A host of activities have been stalled on the upgraded e-filing portal; banks seek undertaking from customers for overseas payment

Chiratae Ventures starts seed initiative to enable faster access to capital

Chiratae has also introduced an application form and a dedicated website to make the process even simpler for early-stage founders

Nasper-backed PayU in talks to acquire BillDesk for up to $4 billion

Media reports have said Paytm, which will soon come up with its initial public offering (IPO), is also evaluating BillDesk

Roposo's owner Glance announces JV with Collective Artists Network

Glance Collective will be the first-of-its kind strategic alliance for global content creator and commerce platform

D2C player MyGlamm emerges stronger from setbacks, plans to float IPO

The company, which saw investors pull out of a fund raise as the pandemic struck, is now eyeing an annual revenue run rate of Rs 600 cr by this December

Strong deal pipeline may boost Q1 show of IT companies: Analysts

Margins will be a concern with salary hikes and attrition taking centre-stage