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The Sri Lankan authorities stated on Wednesday it has pre-qualified Jio Platforms, a unit of India’s Reliance Industries Ltd, and Gortune Worldwide Funding Holding, to bid for stake in Sri Lanka Telecom. That is a part of Sri Lanka’s efforts to cut back authorities stake in state-owned corporations below the $2.9-billion Worldwide Financial Fund (IMF) … Read more
India’s smartphone shipments remained flat in 2023 at 152 million models and Samsung took the highest spot, for the primary time since 2017, with an 18 per cent share, although lesser than what it had in 2022 at 19.4 per cent. Vivo took the second spot in 2023 with a 17 per cent (15.8 per … Read more
Ahmed Mazhari President, Microsoft Asia, believes that developments round Synthetic Intelligence (AI) is the The largest and most revolutionary developments that tech has skilled over a number of many years and India is nicely positioned to allow its adoption. “The tempo of diffusion of this know-how is unprecedented and we’re assured that AI will contact each … Read more
Infosys introduced that it has signed a seven-year strategic collaboration with Musgrave, Eire’s main meals retail, wholesale and foodservice firm. As a part of this collaboration, Infosys will assist automate Musgrave’s IT operations by leveraging its trade main AI and Cloud choices, Infosys Topaz, an AI-first set of providers, options and platforms utilizing generative AI … Read more
IT main Wipro is planning to put off a whole bunch of mid-level onsite staff, in a bid to enhance its margins, in accordance with reviews. This comes as the corporate is dealing with development challenges and lagging friends out there downturn. The intimations have been despatched to staff early January. Wipro’s onsite sources in … Read more
The Finance Ministry has slashed import duties by 5 per cent on numerous parts required for cellular handsets. Although some specialists really feel costs might come down by 3-5 per cent, some are not sure of any worth discount. Based on a Finance Ministry notification, responsibility has been lowered on parts corresponding to battery cowl, … Read more
Microsoft, in collaboration with OpenAI, has strategically integrated chatbots into core merchandise, attracting enterprise clients. | Picture Credit score: Reuters Microsoft beat market estimates for quarterly revenue and income on Tuesday, as new artificial-intelligence options helped appeal to clients to its Azure cloud service as they constructed out their very own AI companies. However Microsoft … Read more
Tata Consultancy Providers (TCS) and Aviva, the UK’s main insurance coverage large, have introduced a 15-year enlargement of their partnership below which the Indian IT agency will broaden end-to-end coverage administration and servicing to cowl 5.5 million Life and Pensions insurance policies. These insurance policies shall be managed by Diligenta, TCS’ FCA-regulated subsidiary within the UK, … Read more
Kore.ai, an enterprise conversational and generative AI platform know-how start-up, has raised $150 million in funding led by FTV Capital. NVIDIA and current buyers corresponding to Vistara Progress, Sweetwater PE, NextEquity, Nicola and Beedie additionally participated on this funding spherical. “The brand new funding will speed up Kore.ai’s market enlargement and steady innovation in AI … Read more
After lacking the self-imposed December 31 deadline to lift funds, Vodafone Concept (Vi) CEO Akshay Moondra deferred from giving a contemporary timeline for fundraising throughout their investor name on Tuesday. On the similar time, the Vi CEO added that from the primary quarter of the following fiscal, they may also should stability capex with vendor … Read more