Category: Large Enterprise
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TCS first Indian company to achieve $100 billion m-cap
Mumbai : IT bellwether Tata Consultancy Services (TCS) on Monday emerged as the first Indian listed company to cross the $100-billion mark in terms of market capitalisation (m-cap). Around 11 a.m., the m-cap of the company stood at Rs 675,934.95 crore or $101.60 billion on the BSE. Shares of the company rose over four per…
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Twitter co-founder invests in Indian AI-powered health chatbot
New Delhi : Twitter co-founder Biz Stone has invested in a Delhi-based Artificial Intelligence (AI)-powered chatbot “Visit” which is the brainchild of students from Birla Institute of Technology and Science (BITS), Pilani in Rajasthan. Stared in 2016 by Anurag Prasad, Vaibhav Singh, Shashvat Tripathi and Chetan Anand, “Visit” is an AI-powered chatbot for health advice…
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India’s March domestic air passenger traffic up 28%
New Delhi : Domestic air passenger traffic rose to 1.15 crore in March 2018 — up 28.03 per cent — from 90.45 lakh reported during the corresponding month of 2017, official data showed on Wednesday. The total domestic air passenger traffic had risen to 1.07 crore in February. Data furnished by the Directorate General of…
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New Cisco blueprint to tap $2bn Indian digital education market
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Hyderabad : Education is at the heart of new digital economy and the digital learning solutions’ market in India is currently at $2 billion — the second largest market for digital education after the US, global networking giant Cisco said here on Thursday. Realising the need to skill students in disruptive technologies like Big Data…
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Digital transformation to add $154bn to India’s GDP by 2021: Microsoft
New Delhi : Digital transformation will add close to $154 billion to India’s GDP by 2021 and increase the growth rate by one per cent annually, software giant Microsoft said on Wednesday. According to a joint report by Microsoft and IDC Asia/Pacifc, in 2017, about four per cent of India’s GDP was derived from digital…
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Microsoft AI helping us accurately predict cardiac diseases: Apollo
New Delhi : Microsoft’s Artificial Intelligence (AI) and Machine Learning (ML) technologies are helping Apollo Hospitals predict and suggest preventive steps for cardian diseases with utmost accuracy, a top hospital executive said here on Wednesday. Microsoft last month partnered with Apollo Hospitals to expand its healthcare AI offering. “Apollo Hospitals recognised the potential of technologies…
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PayPal digitises FIRC process for ease of Indian sellers, freelancers
New Delhi : Digital payments platform PayPal on Wednesday said it has digitised the FIRC (foreign inward remittance certificate) application process for the ease of Indian sellers and freelancers by enabling the payment of the FIRC fee via NEFT (National Electronic Funds Transfer) as opposed to the previous process of a demand draft (DD). PayPal…
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Over 125 million connected cars shipments globally by 2022: Report
New Delhi : The global connected cars market is expected to grow 270 per cent by 2022 with more than 125 million connected passenger cars with embedded connectivity to be shipped during 2018-2022, a new report said on Tuesday. According to Counterpoint Research’s “Internet of Things Tracker” service, General Motors, BMW, Audi and Mercedes Benz…
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Canadian fund invests $20 mn in Nilekani promoted firm
Bengaluru : Canadian institutional fund CDPQ on Thursday said it had invested $20 million in Indian venture Fundamentum, promoted by Infosys co-founder Nandan Nilekani and Helion founder Sanjeev Agarwal. “La Caisse de depot et placement du Qurbec (CDPQ) joins Fundamentum board by investing $20-million (Rs 130 crore) in its first growth fund,” said the city-based…
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India should open up solar PV market: Chinese manufacturer
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By Biswajit Choudhury, Changzhou (China) : Trina Solar of China, the largest manufacturer of solar photovoltaic (PV) panels globally and India’s biggest supplier, awaits further easing of business conditions for the sector to begin production in the country for which the company has acquired land in Andhra Pradesh, according to Chairman and CEO Gao Jifan.…