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micro data centres (MDCs), which are small facilities designed to handle critical CPU and GPU workloads that require lesser space and needs lower investments, a paper published by Nandan Nilekani-backed people+ai has found. The organisation’s brainchild, the Open Cloud Compute (OCC) project advocates a distributed network of micro data centres. The OCC network, unveiled by Nilekani in May, hopes to onboard at least three compute providers for a pilot by October, ET had reported on August 28. The pilot will likely be powering a hackathon at a university for undergraduate students via OCC.

The website of online ticketing platform BookMyShow crashed Sunday, seconds after the sale of tickets for the highly anticipated Coldplay concert went live, leaving fans stuck in digital queues and disappointed. The concert, scheduled for January 18 and 19 at the DY Patil Sports Stadium in Navi Mumbai, marks the British band's return to India after an eight-year break.

Subscribe to enjoy similar stories. Brands that embraced influencers for their reach, authenticity and affordability are recalibrating strategies, as they target maximum bang for their marketing buck. For several consumer brands that swept over YouTube and Instagram thanks to the wide reach of influencers, returns on investment (ROI) are beginning to nag.

Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations.

The Ministry of Labour and Employment is developing the Occupational Shortage Index (OSI) in consultation with the International Labour Organization (ILO), a government official said. This is aimed at long-term labour market planning and development of policies to facilitate employment generation, he said. «We are looking to create an index that can provide a picture of demand and supply of workers in a particular occupation in each state,» the official said.

Sony Pictures Networks India (SPNI), under its new CEO Gaurav Banerjee, is undergoing a strategic overhaul to revitalise the company, with one of the primary focuses being to revamp Sony Entertainment Television (SET), its flagship Hindi general entertainment channel (GEC), according to multiple executives familiar with the developments. SET holds only 8% of the market, trailing behind competitors like Star Plus, Colors, and Zee TV. While SET has a strong lineup of non-fiction shows such as Kaun Banega Crorepati (KBC), Shark Tank India, and MasterChef, it lacks a strong fiction show, a staple for Hindi GEC audiences. Banerjee, with over a decade of experience managing Hindi and regional entertainment channels as well as Disney+ Hotstar's entertainment portfolio, is expected to address this content gap.

yacht tourism and personal boating in India, ports, shipping and waterways minister Sarbananda Sonowal has said. India with 7,500 kilometres long coastline does not have a single international-standard marina. A marina is a dock, especially a fancy one used for sailboats and yachts. «Along with cruise tourism, we are going to add a new dimension by developing the ecosystem for yacht tourism in India,» Sonowal said.

customer satisfaction and acquisition while making every marketing dollar count. This emphasis on strategy alignment empowers us to shape the future of marketing in banks. Banks are increasingly investing in corporate branding, celebrity endorsements and targeted marketing for segments like startups and MSMEs to drive digital adoption. The ability to execute swift, need-based marketing campaigns is crucial. For banks focused on deepening customer engagement and loyalty, embedding marketing at the core of their transformation strategy is imperative. As a result, some banks have increased marketing spend to 30-40% y-o-y. However, organisations are struggling to get the desired RoI. Convergence of traditional (TV ads, etc) and digital marketing (online ads, etc) platforms is critical to improving marketing RoI. Linking brand and marketing efforts to enterprise value — driven by revenue growth, customer loyalty in the short-to-medium term, and brand equity over the long term — is essential.

Kamat Hotels (India), the Bombay High Court has directed a clutch of online travel portals including Makemytrip, Goibibo, Booking.com B.V. and Agoda to take down the listings of a company that allegedly infringed the trademark of its brand 'The Orchid'. The BSE-listed hotel chain Kamat Hotels had approached the court against city-based firm Orchid Service Apartment with the argument that the company was infringing its trademark by running a service apartment/hotel and rendering services under the trade mark 'The Orchid'. «The identity/close and deceptive similarity of the rival marks and the services cannot be a mere coincidence,» observed Justice RI Chagla in his order of September 18.

Piyush Goyal will meet Indian and Australian CEOs this week to discuss investment opportunities, during his visit to Australia from September 23-25, the government said Sunday. Goyal will co-chair the 19th India-Australia Joint Ministerial Commission meeting with Don Farrell, Australia's Minister of Trade and Tourism, to be held in Adelaide on September 25. «Commerce minister's visit will add further impetus to the strong and growing trade and investment ties between India and Australia, which have received a boost following finalization of the bilateral Economic Cooperation and Trade Agreement (ECTA),» the commerce and industry ministry said in a statement.

residential real estate sector, institutional investors are adopting a more diversified approach than before, shifting from a focus on late-stage, under-construction, and closer to completion projects to now include even early-stage investments. Investors now direct a significant portion of their investments toward such early-stage positions, demonstrating their belief in the potential for substantial growth and returns over time. This shift reflects a broader strategy and a deeper confidence in the sector's long-term prospects, experts said.

women's participation in the labour force is connected to increasing their presence in public spaces. And that is connected to making public spaces more accessible, safe and agreeable. Feeling unsafe outdoors isn't confined to the developing world.

Nisus Finance Services (Nifco), a real estate investment firm, is in the process of raising approximately $200 million from investors in Singapore, the UK, and the Middle East. The inaugural special situations offshore fund has secured $40 million to date and anticipates the first close by March 2025. An offshore entity will act as a feeder or co-investor in the domestic fund and has commitments of around $40 million. «This capital can be invested alongside the domestic pool, which is nearing final closure. We have an additional $160 million under discussion, with interest from HNIs, bank treasuries, and family offices for high-yield assets,» said Amit Goenka, managing director and CEO of Nisus Finance.

telecommunications in India by drawing private capital into the industry and ensuring it delivers expected services to consumers. Yet, this is not the most sophisticated method of regulation, which should ideally be through enacted rules and their enforcement. In such a scenario, a licence serves as an authorisation while the law addresses detailed contractual obligations.

Modi addressed thousands of Indian Americans in New York on Sunday, highlighting his ambitious plans for India's future. He emphasized that India is now a "land of opportunities" and reflected on the significance of the recent election results. «After going through this tough election process, this long election system, something unprecedented happened in India (this year). What happened… 'Abkibaar Modi Sarkaar,'» Modi stated. He noted that for the first time in 60 years, the people of India delivered a mandate of great importance. «During my third term, I have very ambitious goals to achieve. We have to move forward with three times the strength,» he asserted.

Viksit Bharat 2047 and institutional capacity building would play a key role in that, Union Finance and Corporate Affairs Minister Nirmala Sitharaman said here on Sunday. Viksit Bharat 2047 is the NDA government's roadmap to make the country a developed nation by 2047, when India celebrates its centenary of achieving independence. The FM said the Centre has left no stone unturned towards enhancing self-sufficiency in defence capabilities. «We will also need to look after our banks, overall infrastructure, health of the companies in the market and prioritising the digitisation of the Indian economy,» she said at the Pondy Lit Fest.

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residential real estate sector, institutional investors are adopting a more diversified approach than before, shifting from a focus on late-stage, under-construction, and closer to completion projects to now include even early-stage investments. Investors now direct a significant portion of their investments toward such early-stage positions, demonstrating their belief in the potential for substantial growth and returns over time. This shift reflects a broader strategy and a deeper confidence in the sector’s long-term prospects, experts said. This diversified approach is rooted in several key trends and developments within the Indian real estate market. The housing property market has shown remarkable resilience and adaptability amidst varying economic conditions.

Coldplay returning to perform in India after almost 10 years has led to a mad rush to get their tickets. Demand for their tickets was so phenomenal that BookMyShow’s website and app crashed right after the booking for the concert started. Feel the odds of bagging a ticket for the Mumbai Cold Play concert are not in your favour? There’s some good news for you. India is not the only country the rock band is touring for their ‘Music Of The Spheres World Tour’. Here’s all you need to know about the other countries they will be touring!

Subscribe to enjoy similar stories. From bolstering its India leadership, which includes shedding the image of the company’s Paris office being the nerve centre, to prioritising operating margins, Srinivas Pallia has embarked on an array of changes to script a turnaround for Wipro since he took over as the company’s chief executive about six months ago. Pallia took over as Wipro CEO on 6 April, replacing Frenchman Thierry Delaporte before the culmination of his term.

Air India is planning for a faster upgrade of its in-flight product on its key international routes to US and Europe as the Tata group airline tries to attract premium customers who had till now opted for Middle East carriers like Emirates and Qatar Airways due to higher service standard. The airline is planning to amplify its offerings with first class, on top of a business class in its new A350 planes and is also upgrading cabins in its A320 narrow body aircraft. Simultaneously it has planned to have exclusive lounges for its customers at Delhi, Mumbai, Dubai, London, New York, San Francisco by the end of 2025. “We have been talking about the Air India transformation and took a lot of initiatives, but with our new product people are now able to feel it. We have received good reviews from our customers and they feel that it is the sign of a new Air India which will be ready in next two years,” Rajesh Dogra, Chief Customer Experience Officer at the airline said.