Page 67 - Industry News

RE adoption rises in textile sector, but challenges persist: Report

The findings are based on a review of 19 major textile firms, including Page Industries Ltd, Welspun Living Ltd, Arvind Ltd, and KPR Mill Ltd, from FY2023 to FY2025

India's EV battery demand to rise multifold to 256.3 GWh by 2032: Report

This explosive growth is driven by India's push toward electrification, with rising fuel prices, strong consumer demand, rapid model launches, and robust policy support

Meta India names ex-Amazon executive Aman Jain as new Public Policy head

Most recently, he served as Director of Public Policy at Amazon, leading policy strategy across marketplace, operations, competition, and technology

India's drone, space-tech boom to add over 200,000 jobs by 2033: Report

According to a report by workforce solutions provider Adecco India, the aerospace, drones, and space tech industry is rapidly evolving from a research-driven domain into a full-fledged industry

Applications and grants: India has a gap to fill in patent progress

The share of actual patent grants received by residents is the lowest among major countries

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