Page 3 - Technology Industry

India's big data edge to power next global tech leap: ex-WEF MD Smadja

India's unique superiority in data and big data has placed it at an inflection point, ready to accelerate technological innovation and potentially deliver the world's next big surprise, according to former World Economic Forum (WEF) MD Claude Smadja. With an unparalleled capacity for data collection and utilisation, India is poised to become a global leader in AI and deep tech fields that fundamentally rely on access to massive datasets, Smadja said. "India is at an inflection point. India is, at the moment, in its domestic evolution, and in the global context, where it has to give a big push to accelerate the momentum for technological innovation. The next big surprise could come from India in the domain of data and big data because India has a unique superiority advantage in terms of data collection and data potential leveraging," Smadja said at IGIC 2025 here. Smadja, Chairman of Smadja & Smadja Strategic Advisory, contrasted India with major world economies, stating that the ..

Bessemer names Pankaj Mitra as partner to bolster India investments

Tech veteran to focus on AI, enterprise software, and cybersecurity amid growing regional push

Defence, trade, tech discussed during foreign secy Misri's visit to US

Foreign Secretary Vikram Misri visited Washington DC from May 27 to 29, where he held a series of high-level engagements with senior officials of the US Administration.Foreign Secretary Misri held wide-ranging discussions with counterparts across the Department of State, National Security Council, Department of Defence, Department of the Treasury, and the Department of Commerce, the Ministry of External Affairs said in a statement.The visit was a follow-up to the Prime Minister's visit to the United States on February 13, during which both sides launched the India-U.S. COMPACT (Catalysing Opportunities for Military Partnership, Accelerated Commerce & Technology) for the 21st Century.Deputy National Security Advisor Pavan Kapoor was also part of the Indian delegation.According to MEA, at a luncheon meeting with Deputy Secretary of State Christopher Landau, both sides reviewed the full spectrum of the bilateral agenda. They underscored that Technology, Trade, and Talent would be .

Qlik unveils agentic experience to simplify data workflows, aid decisions

Qlik, a leading player in data integration, data quality, analytics, and artificial intelligence, on Wednesday introduced its new agentic experience to drive faster decisions and boost productivity by bringing new simplicity to complex data-driven workflows. Besides, the company launched Open Lakehouse, a fully managed Apache Iceberg solution built into Qlik Talend Cloud. These two products were unveiled at Qlik Connect 2025 here for its customers. The agentic experience will provide a single, conversational interface allowing users across the enterprise to interact naturally with data, using specialised AI agents to quickly uncover insights, drive faster decisions, and boost productivity, bringing new simplicity to complex data-driven workflows. At the heart of this continuous innovation is the Qlik engine, a unique technology that indexes relationships across data, enabling the discovery of unexpected connections. This new agentic experience is about removing the distance betwee

Vedanta unveils technology to create a productive, future-ready workplace

Vedanta Ltd on Tuesday said it has deployed several leading-edge technologies, including Artificial Intelligence (AI)-led monitoring systems and drones to create workplaces that are both highly productive and future-ready. Besides, Artificial Intelligence (AI)-led monitoring systems and drones, the company has also deployed fatigue detection systems, smart helmets, and tele-remote operations, which help in transforming industrial safety across its operations. As workplaces evolve with AI, robotics, exoskeletons, and remote work, these technologies are creating both opportunities and challenges. "By leveraging AI, smart systems, and people-first leadership, we are not just responding to risks, we're anticipating and preventing them. Our commitment is to create workplaces that are not only productive, but deeply safe, healthy, and future-ready," Vedanta Ltd spokesperson said. Vedanta's zinc business in India has deployed a virtual reality (VR)-based winder training simulator system t

Vendor consolidation to drive our growth this year: LTIMindtree

Customers are looking at tightening their spending and saving the last dollar rather than spending more on new age technologies

India backs tech democracy, offers to share its DPI with the world

India said it is expanding its Digital Public Infrastructure ecosystem into areas such as agriculture and smart cities and stands ready to share successes with the international community, as UN leaders commended the country for its leadership in investing in this domain. Minister of State for the Ministry of Commerce & Industry and the Ministry of Electronics & Information Technology, Jitin Prasada, said that the Indian DPI success story is a showcase to the world. "DPI is all about empowering citizens, good governance, inclusive and sustainable growth at the societal level. The future will not be built by machines alone but by the choices we make about how technology serves humanity, Prasada said in his keynote address at the event organised by India's Permanent Mission to the UN at the world body's headquarters on Thursday. Prasada added that looking forward, India is expanding its DPI ecosystem into agriculture, logistics, smart cities and more. "The next wave will ...

Databricks to hire hundreds, invest $250 mn in India to boost AI push

The San Francisco-based firm, one of the world's most valuable privately held tech companies, will increase its India headcount by more than 50 per cent to about 750 by the end of the fiscal year

India's startup failure isn't about ambition, it's about the economy

Criticism of Indian startups may be valid, but the real culprit behind their consumer focus and lack of innovation is the govt's economic model

China tech faces worry beyond Trump tariffs after $350 billion wipeout

The Hang Seng Tech Index has shed more than $350 billion in market value since a March high, though it has gained about 9 per cent over the past three sessions

Aman Gupta backs Piyush Goyal's push for deep-tech focus in startups

boAt co-founder Aman Gupta has come out in support of Commerce and Industry Minister Piyush Goyal's recent remarks urging Indian startups to focus more on deep-tech innovation. Gupta's comments come amid an ongoing debate within the startup ecosystem where several founders have countered Goyal's critique of consumer-focused ventures like food delivery and luxury goods startups. Gupta took to social media platform X to echo Goyal's call for startups to move beyond consumer-centric models like food delivery and fantasy sports apps and instead prioritise technologies like artificial intelligence, robotics, and quantum computing. "It's not every day that the government asks founders to dream bigger. But at Startup Mahakumbh, that's exactly what happened. I was there. I heard the full speech. Hon. Minister @PiyushGoyal Ji isn't against founders. He believes in us. His point was simple: India has come far, but to lead the worldwe need to aim higher. "It reminded me of something I say oft

India must innovate, not become tech colony of others: Amitabh Kant

It must build AI systems built on domestic datasets that don't have biases of the West, he says

India's tech startups worth $100 billion seen seeking IPOs by 2027

Young companies are now in better shape than in 2021 and 2022, when several startups that sought to capture India's booming capital markets cratered after listing at high valuations

AI and emerging tech: The top investment priority for 86% of Indian CEOs

Indian CEOs are prioritising AI and emerging tech, with 86 per cent viewing them as key investments for growth, while 90 per cent emphasise AI adoption and workforce upskilling, says EY survey

Donald Trump blocks 10% of funds for key agency in US-China tech race

Trump administration on Monday effectively canceled $20 million in funding for the Commerce Department's Bureau of Industry and Security

Nabhdrishti Aerospace raises $3 mn to develop next-gen propulsion tech

Founded in 2023, Nabhdrishti is focused on building sustainable, indigenous propulsion systems that can reduce India's reliance on imported aerospace technology

Emerging technology hub will be set up at Rs 350 crore, says Kerala CM

Kerala CM Pinarayi Vijayan on Monday announced the launch of an Emerging Technology Hub in the state capital by the Kerala Startup Mission. The hub, being developed at an estimated cost of Rs 350 crore will focus on leveraging Artificial Intelligence (AI) across key sectors including agriculture, healthcare, defence, and renewable energy. Responding to a calling attention motion by Indian Union Muslim League (IUML) legislator Manjalamkuzhi Ali in the Assembly, he added that this hub, being set up on a three-acre site in Technocity, Thiruvananthapuram. Vijayan added that the state government is formulating a draft Artificial Intelligence (AI) policy to include AI-driven software development, database creation, innovation centres, skill development initiatives, and support for AI startups. "In the recent state budget, the government announced key initiatives to support startups in the AI sector," he said. As part of this effort, a deep-tech ecosystem will be developed, including the

Why AI systems make things up and how that can lead to serious risks

When an algorithmic system generates information that seems plausible but is actually inaccurate or misleading, computer scientists call it an AI hallucination

India preferred partner in global tech ecosystem: Nasscom prez Nambiar

Technology is shaping economies more profoundly than ever before, Nasscom President Rajesh Nambiar said on Thursday as he outlined India's strengths as a global talent hub which positions it as a preferred partner in the global technological ecosystem. Nambiar was speaking at the IT industry body's Global Confluence 2025 here. "Today, the world is in a bit of an inflection point than ever before. Some of the technologies are actually playing a lot more influence on the economic models that we are seeing in the country," he said. Nambiar noted that the world is experiencing a global technological shift, which has created a rising demand for a high-quality talent base to meet the challenges and opportunities of this new landscape. There is no industry or country that is growing without technology playing a leading role. All of them have always been driven by technology to some extent, he said. "A country like India continues to be a partner of choice for the global technological ...

IT firm Happiest Minds appoints Joseph Anantharaju as CEO, Co-chairman

IT company Happiest Minds Technologies on Wednesday announced apex-level changes in its organisation structure, effective immediately. Joseph Anantharaju has been elevated to Co-Chairman and CEO of the Bengaluru-headquartered firm, according to a company statement. He will now head all business divisions of the company: Product & Digital Engineering Services (PDES), Infrastructure Management & Security Services (IMSS), and GenAI Business Services (GBS). Earlier, he served as the executive vice chairman, president & CEO of the PDES Division up till now. Its Chairman Ashok Soota will now take up an additional position as the Chief Mentor. Venkatraman Narayanan will continue as the MD & CFO of Happiest Minds. He will head the finance, talent acquisition, internal IT, learning & development, ESG, CSR, procurement and administration teams. Anantharaju and Narayanan will be jointly responsible for M&A and Board matters, the statement said, adding that they will ...