Page 119 - Industry News

India, Liberia sign MoU to boost cooperation on medicine quality standards

According to the Ministry of AYUSH, the pharmacopoeias are official compendia of quality standards of the drugs being imported, manufactured for sale, stocked or exhibited for sale in India

Deccan AI launches expert network to power next phase of AI training

It has unveiled Deccan AI Experts, a specialised talent network enabling India's top professionals to contribute directly to AI model training and evaluation as data replaces compute as key bottleneck

Harness raises $240 million to speed up AI-driven software delivery

Goldman Sachs Alternatives leads $200 million investment, valuing the platform company at $5.5 billion as demand surges for automated code-to-production workflows

Developers need new skills for AI software systems: Microsoft's Nadella

TCS, Infosys, Wipro, and Cognizant to deploy over 50,000 Copilot licenses, collectively surpassing 200,000

Royalty norms: AI firms may need to pay global revenue share to creators

India plans to mandate global AI firms to share revenue as royalties for using Indian creators' content to train LLMs, under a proposed statutory licensing and royalty framework

40% tax deduction applies only to income from long-term finance: SC

The Supreme Court has held that statutory corporations cannot claim a 40% tax deduction on income not directly derived from long-term finance

Prada partners with LIDCOM, LIDKAR to co-create Kolhapuri-inspired sandals

Prada has formalised a collaboration with LIDCOM and LIDKAR to produce a Kolhapuri-inspired limited-edition sandal collection, manufactured in India with skilled artisans

Delhi HC flags lack of repeal notification as Centre enforces labour code

Delhi HC flagged concerns that the Centre may have enforced the Industrial Relations Code, 2020 without formally repealing older labour laws, and has sought clarity on how the transition was notified

Microsoft partners with top IT firms to expand Copilot deployment in India

Microsoft has teamed up with TCS, Infosys, Wipro and Cognizant to deploy more than 200,000 Copilot licences, signalling a strong enterprise push towards agentic AI to boost productivity

CCI directs three Maharashtra liquor associations to cease price controls

The Competition Commission of India has ruled that three Maharashtra liquor trade associations engaged in anti-competitive conduct by influencing prices and imposing restrictive conditions

Chhattisgarh becomes first to bring second edition of Jan Vishwas Bill

The Bill introduces administrative penalties for minor violations, enabling quicker resolution of cases, reducing court burden, and ensuring faster relief to citizens

Microsoft announces AI deals with TCS, Infosys, Wipro and Cognizant

Microsoft deepens its India AI push as Cognizant, Infosys, TCS and Wipro commit to deploying over 50,000 Copilot licences each, signalling a rapid scale-up of agentic AI adoption across enterprises

Microsoft deepening its commitment to India's AI ecosystem: Satya Nadella

Nadella also emphasised the importance of digital sovereignty and cybersecurity in an era of expanding AI deployment

Huge healthcare collaboration potential between India-US: Dr Naresh Trehan

On AI, Trehan said that the algorithms have become so powerful today that analysis can be compressed, data can be mined in 1,000th of the time that it used to take

$70 bn and rising: Amazon's $35 billion bet lifts India's AI tide

Amazon's mega 5-yr plan tops announcements made by Microsoft, Google

Trai recommends backhaul spectrum charge at 0.1% of AGR; costs may halve

Trai has recommended a flat backhaul spectrum charge of 0.1 per cent of adjusted gross revenue, replacing the current weighted-average method that has pushed annual levies

Trai-RBI launch pilot to let users manage legacy promo consents; curb spam

Trai and RBI will begin a pilot with telcos and 11 banks to let select users digitally view, modify or revoke legacy consents for promotional communications via SMS sent from the short code 127000

India gas consumption falls 7.5% in Jan-Oct amid monsoons, cheaper fuels

India's natural gas consumption declined 7.5 per cent in January-October 2025 to 56,760 MMSCM, as prolonged monsoons reduced power demand and cheaper alternate fuels drew users away, PPAC data show

Scindia, Starlink V-P Dreyer discuss ways to speed up digital inclusion

Starlink executive Lauren Dreyer met Jyotiraditya Scindia after a website glitch briefly displayed India pricing; talks focused on satcom-led last-mile connectivity as Starlink awaits approvals

Adopt fast or fall behind in AI, Microsoft CEO Nadella tells India

Rate of diffusion will decide winners of next tech wave, Microsoft CEO says in Delhi