Page 5 - Technology Industry

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

Oligarchy taking shape in America, says Joe Biden in farewell address

His speech in the Oval Office is the latest in a series of remarks on domestic policy and foreign relations that are intended to cement his legacy

EU reassesses its probes into tech giants such as Apple, Google and Meta

The review could lead to Brussels reducing or changing the range of the probes, and will cover all cases launched since March 2024

US govt tightens its grip on AI chip, technology export across globe

The new regulations will cap the number of AI chips that can be exported to most countries and allow unlimited access to US

Tech supplier Arm plans to hike prices, considers developing its own chips

Arm planned to achieve this partly by increasing the per-chip royalty rates that customers pay for ready-made parts of chip

Tech firms use 'synthetic data' for AI models but there's a hidden cost

A primary concerns is that AI models can collapse when they rely too much on synthetic data

IIT Madras launches Asia's largest shallow wave basin research facility

Developed indigenously, this is a unique facility that will cater to the research & industry requirements and address the problems in Indian ports, waterways and coastal Engineering

US imposes sanctions on China's Integrity Tech for hacking critical infra

China-based hackers working for Integrity Tech, known to the private sector as Flax Typhoon, were working at the direction of the the China government, targeting critical infrastructure in the US

Nasscom foundation names Jyoti Sharma as CEO, replaces Nidhi Bhasin

nasscom foundation on Thursday announced the appointment of Jyoti Sharma as its new Chief Executive Officer, effective immediately. Succeeding Nidhi Bhasin, Sharma brings over 20 years of experience in driving social impact and leading program development, resource mobilisation, and stakeholder engagement, according to a company statement. "Her visionary leadership and deep expertise will be instrumental in scaling our impact through our flagship programmes, broadening our reach, and driving meaningful change through the innovative use of technology," nasscom foundation Chairman Rostow Ravanan said. Established in 2001, nasscom foundation is a not-for-profit organisation representing the Indian tech industry. Sharma said she will work towards strengthening nasscom foundation's TechForGood legacy by broadening its reach and deepening its impact. "My focus is to ensure that the synergy of technology and social innovation paves the way for India to achieve its vision of digital equit

Nidhi Patel: SROMPL's Rising Star Steps into the Role of General Manager

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India to host first WAVES summit in February: PM Modi in 'Mann ki Baat'

India will host the World Audio Visual Entertainment Summit (WAVES) for the first time in February next year which will be a global platform for its creative talents, fostering collaborations and showcasing the country's potential as a hub for world-class content creation. Prime Minister Narendra Modi spoke extensively about the WAVES Summit in his monthly 'Mann ki Baat' Radio address on Sunday. Comparing the WAVES to global events like the World Economic Forum in Davos, Modi said the leaders from the media and entertainment industry as well as creative minds from across the globe will gather in Delhi for the Summit being held from February 5-9. "This Summit is an important step towards making India a hub of global content creation," he said. The prime minister emphasized the pivotal role of young creators in the preparations for WAVES, reflecting the dynamic spirit of India's creative community. He expressed pride in the enthusiasm of the country's youth and their contribution to

2025 to see AI turn into business value as it becomes reality at scale

Artificial intelligence (AI) transitioned from a temporary trend to a widespread reality, gaining traction across industries due to its potential to enhance efficiency, generate revenue and create entirely new roles, yet concerns around its use and impact on jobs remained. Gone are the days when it was merely a buzzword; AI has now become an integral part of business strategy across various sectors. But its full impact on jobs is little known and so is the issue of intellectual property, data ownership and its privacy implications, and liability - who is liable if an accident or mishap occurs due to the use of AI. As technology becomes increasingly human-like and pervasive, organisations are now striving to unlock business value through innovative methods to engage customers and employees, enhance operational efficiencies, and generate new revenue streams, Wipro CIO Anup Purohit said. "We are working towards a future where AI is integrated seamlessly into everyday operations beyond