Page 4 - Technology Industry

Tech companies commit to invest Rs 25,640 crore in MP, create 183K jobs

Technology companies across segments have committed to investing Rs 25,640 crore in Madhya Pradesh that will lead to creation of over 1.83 lakh employment opportunities in the state, an official statement said on Tuesday. The commitments were received from 35 entities during the IT and Technology Summit at GIS 2025. "The state secured a total investment of Rs 25,640 crore across various technology sectors, creating approximately 1,83,400 employment opportunities," the statement issued by the Madhya Pradesh government said. Major investment commitments of Rs 12,350 crore have come in the space of electronics manufacturing from eight entities with promise to generate employment for 14,000 people. With investment of Rs 5,500 crore, IT and ITes entities have promised to be the biggest job generator in the state with 93,000 employment opportunities, followed by GCC (global capability centres) investment of Rs 700 crore that will create 40,500 jobs in the state. "Madhya Pradesh stands a

India's tech sector FY25 revenue to grow 5.1% to $282.6 billion: Nasscom

IT industry body Nasscom on Monday pegged the FY25 revenues for the sector to grow 5.1 per cent to USD 282.6 billion. The industry is likely to cross USD 300 billion in revenues in FY26, which is about 6 per cent higher than the FY25 level, its President Rajesh Nambiar said at the Nasscom Technology Leadership Forum here. "This is a good outcome broadly given everything happening around us," Nambiar told reporters, commenting on the business outcomes in FY25. Number of people employed by the tech sector grew by 1.26 lakh to 58 lakh people during the year, Nasscom projections said. The traditional IT services companies' FY25 revenues are set to grow 4.3 per cent to USD 137.1 billion, while the business process outsourcing revenues are set to rise 4.7 per cent to USD 54.6 billion. At 7 per cent, revenue growth of engineering research and development companies was the fastest at USD 55.6 billion. The domestic revenues for companies are set to grow 7 per cent to USD 58.2 billion, gro

India has talent, needs clear vision to produce new tech: Rahul Gandhi

Congress leader Rahul Gandhi on Saturday said while India has the talent, it needs a strong production base, and not empty words, to build industrial prowess in new technology to give its youth jobs. In a post on X, Gandhi highlighted how China has started producing drones which are revolutionising warfare across the world, saying India needs to develop a strategy to become competitive in this area. "Drones have revolutionised warfare, combining batteries, motors and optics to manoeuver and communicate on the battlefield in unprecedented ways. But drones are not just one technology -- they are bottom-up innovations produced by a strong industrial system. "Unfortunately, PM Modi has failed to grasp this. While he delivers 'teleprompter' speeches on AI, our competitors are mastering new technologies. India needs a strong production base not empty words," he said in the post, taking a swipe at Prime Minister Narendra Modi. "India has immense talent, scale and drive. We must have a cle

Tech double whammy: India's AI talent heads out as patent count slows down

Brain drain comes alongside the country trailing in research and innovation in the technology

Govt departments must modernise to meet rising public expectations: Murmu

It is essential for government departments to modernise their systems by making the best use of emerging technologies to cater to the ever-rising expectations of the public for efficiency in service delivery, President Droupadi Murmu said on Thursday. Addressing a group of probationers from different government services, she asked them to keep abreast of advanced technologies, skills and strive to create more citizen-centric, efficient and transparent governance systems. The probationers from the Indian Civil Accounts Service, Indian Post and Telecommunication (Finance and Accounts) Service, Indian Railway Management Service (Accounts) and the Indian Postal Service had called on the president at the Rashtrapati Bhavan. There is an ever-rising expectation among the public for greater speed and efficiency in service delivery, along with increased transparency and accountability, the president said. "To cater to these requirements, it is essential for government departments to moderni

DeepSeek gives China's chipmakers leg up in race for affordable AI

Huawei and its Chinese peers have for years struggled to match Nvidia in building top-end chips

T-Mobile, Starlink begin wide-scale testing of satellite-based connectivity

T-Mobile said 500,000 square miles of the US, which is unreachable by terrestrial cell towers, can now stay connected

DeepSeek sparks hope for renaissance in China's technology megacaps

Market watchers are increasingly touting how the AI model will be a game changer for Chinese tech companies and their stocks

PM Modi's US visit to focus on trade, tech, and migration: USISPF chief

Aghi highlighted the importance of early discussions between PM Modi and President Donald Trump, noting that alignment on common objectives would help drive the growth of both economies

Chinese chip makers, cloud providers rush to embrace homegrown DeepSeek

The news that Huawei had integrated DeepSeek's models with its Ascend chips marked a watershed moment

India key market for AI, must be among leaders of AI revolution: Sam Altman

OpenAI CEO Sam Altman on Wednesday said that the country is important for Artificial Intelligence and OpenAI, and added that India - with its full stack model - should be among the leaders of the AI revolution. Altman, during a fireside chat with IT Minister Ashwini Vaishnaw, said OpenAI tripled its users here in the last year. He gave a ringing endorsement to India's efforts in building on AI at all levels of the stack, chips, models and "the incredible applications". "India is an incredibly important market for AI in general, for open AI in particular, it's our second biggest market. Tripled users here in the last year, but mostly seeing what people in India are building with AI at all levels of the stack, chips, models, you know, all of the incredible applications," Altman, who is on a whirlwind India tour, said. Altman advocated India to go all out in its AI play. "I think India should be one of the leaders of the AI revolution. But it's really quite amazing to see what the ...

Tech leaders, startup founders, investors welcome Budget 2025-26

The Budget announced a new Fund of Funds (FoF) with an expanded scope of Rs 10,000 crore

Apple cancels project to build Mac-connected augmented reality glasses

The now-canceled product would have looked like normal glasses but include built-in displays and require a connection to a Mac

Trump's tech buddies won't escape US scrutiny, warns Texas Attorney General

Trump realises they are a big part of our economy, how they perform matters, said Paxton

Microsoft probing if DeepSeek-linked group improperly obtained OpenAI data

Microsoft's security researchers in the fall observed individuals they believe may be linked to DeepSeek exfiltrating a large amount of data using the OpenAI

Raise Budget allocation in upskilling schemes for good workforce: Tata Tech

Ahead of the Union Budget, Tata Technologies on Monday called for increased allocation toward upskilling initiatives aligned with Industry 4.0 to create a future-ready workforce. In order to achieve India's ambitious goals outlined in the roadmap for a USD 5 trillion economy, the budget should prioritise innovation-driven policies, investments in emerging technologies, and the development of products in India, for India and the world, Tata Technologies CEO & MD Warren Harris said in a statement. Key growth drivers such as smart manufacturing, AI, digital transformation, and software-defined vehicles (SDVs) require strong government backing through incentives for R&D, skill development, and infrastructure enhancement, he noted. Outlining the company's expectations from the budget, Harris said,"We recommend increased allocation toward upskilling initiatives aligned with Industry 4.0, creating a future-ready workforce capable of excelling in advanced technologies like AI, IoT, ...

Budget 2025: Tech industry pushes for deep-tech fund, safe harbour tweaks

India's apex IT industry body Nasscom has batted for tweaks in safe harbour rules and widening the scope for utilisation of SEZ reinvestment reserves in its Budget wishlist, while advocating for creation of a central deeptech fund to bolster startup ecosystem in India. Creation of a grant framework for the deeptech ecosystem, and making the deferment of the time of payment of tax on Employee Stock Option Plan available to employees of all DPIIT-recognized startups also tops the Budget expectations of the industry. The Union Budget for financial year 2025-26 is scheduled to be presented in Parliament by Finance Minister Nirmala Sitharaman on February 1, 2025. For the USD 250 billion export-led Indian IT industry, the Budget comes amid continued global macro headwinds, geopolitical risks, and growing unease about possibility of sudden policy and tariff moves by the US, where President Donald Trump has promised to script a new, glorious chapter for America with his headline-grabbing ..

Astrology industry sees future where AI enhances traditional practices

In an exciting convergence of technology and tradition, AI is reshaping the astrology landscape in India, enabling quick access to personalised insights, and appealing to a tech-savvy generation keen to explore their destinies through innovative digital platforms. Industry experts foresee a future in which AI complements rather than replaces human knowledge and expertise. This intriguing fusion is not just a passing trend, it's reshaping how millions of people in India engage with the stars and their destinies. "In India, AI is transforming traditional practices by digitising horoscopes, offering instant personalised readings, and enabling users to access astrological guidance anytime, anywhere, which has made astrology more approachable and popular. "Our AI astrologers are enabled to respond within seconds -- the responses are not only quick but more accurate too which resonates deeply with the users," AstroSage AI founder Punit Pandey said. AI-powered astrology apps offer a ...

India at forefront of age defined by technological evolution: WEF report

In an era defined by technological evolution, India stands at the forefront as one of the world's fastest-growing economies and a global hub for startups and digital innovation, the World Economic Forum said on Monday. The Centre for the Fourth Industrial Revolution (C4IR) India, liaison office of World Economic Forum (WEF) in India, launches its 6-year impact journey report on the inaugural day of the WEF Annual meeting 2025 here. The WEF said its partnership with India dates back more than 40 years. Over the past four decades, this relationship has developed into a strong, multifaceted and meaningful collaboration with the national government, several state governments, business leaders across key industries and other important stakeholders, including civil society and leading experts, resulting in several impactful initiatives that have advanced shared priorities. India's advocacy for and pursuit of developmental templates where technology serves as a bridge rather than a barrie

PM Modi inaugurates Bharat Mobility Global Expo; over 100 launches expected

Prime Minister Narendra Modi on Friday inaugurated the Bharat Mobility Global Expo 2025, the largest mobility expo in India, which is expected to witness over 100 new launches across automobiles, component products and technologies. The five-day expo is being held across three venues: Bharat Mandapam and Yashobhoomi in the national capital and India Expo Center and Mart, Greater Noida. Modi inaugurated the Expo at Bharat Mandapam in presence of Union ministers Nitin Gadkari, H D Kumaraswamy, Jitan Ram Manjhi, Manohar Lal, Piyush Goyal and Hardeep Singh Puri, and leaders of the automobile sectors. The Bharat Mobility Global Expo 2025, scheduled from January 17-22, will bring the entire value chain of the mobility ecosystem -- from automobile manufacturers to components, electronics parts, tyre and energy storage makers, and automotive software firms and material recyclers -- under a single umbrella. With a theme "Beyond Boundaries: Co-creating Future Automotive Value Chain", aiming