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Meta on Friday announced a strategic collaboration with 'IndiaAI' at the Ministry of Electronics and Information Technology (MeitY) to drive advancement of open source AI innovation, R&D and skill development in India. This includes the establishment of the Center for Generative AI, Shrijan at IIT Jodhpur and the launch of the 'AI for Skilling and Capacity Building' initiative, in partnership with All India Council for Technical Education (AICTE). The partnership will enable development of indigenous AI applications, and advance skill development in AI. It would also bolster research capabilities with the aim of contributing to India's AI mission of ensuring tech sovereignty and the vision of AI solutions tailor made for India. «Aimed at propelling the advancement of open source artificial intelligence (AI) in India, as part of its Memorandum of Understanding with the 'IndiaAI', Meta today announced a strategic collaboration with IndiaAI at the MeitY,» according to a release.

Reliance Retail has tapped several expatriates with retail experience from Europe, US and South Asia in a bid to streamline its grocery supply chain operations, enhance the online fashion business Ajio and improve margins, two industry executives said. Some of these expats have also been entrusted to coach a pool of young Indian leaders for a top leadership succession planning exercise started recently by the retail business of Reliance Industries Ltd, the executives said. At least five chief executives at Reliance Retail in their late 50s and 60s may move to mentoring roles as advisors or superannuate over the next few years. The initiatives at Reliance Retail come at a time when brick-and-mortar retailers, including Reliance, and Avenue Supermarts Ltd—the owner of DMart retail chain—are facing intense challenges in grocery retail from quick commerce platforms in large cities amid a subdued demand environment.

Biocon founder Kiran Mazumdar-Shaw has urged the Karnataka government to hand over the contract for the upkeep of Bengaluru’s roads to Electronic City Township Authority (Elcita) after heavy rains over the last few days left many areas flooded and roads damaged. Elcita, a statutory entity with municipal powers with taxation powers, manages the 902-acre industrial township on Bengaluru’s outskirts that is home to more than 300 companies. Shaw, who is also the Executive Chairperson of Biocon, urged the government to give the contract to fix Bengaluru’s roads to Elcita, and not to the contractors of BBMP, the City’s civic body, in her posts on the micro-blogging platform X. She also used pictures of well-maintained roads in electronic city, one of which said, Elcita uses road metrics, an AI tool, to scan roads every fortnight for defects. This data allows them to fix issues quickly before they worsen.

If you filled in your email address on the front page of your T1 personal tax return, you have officially registered to receive most Canada Revenue Agency communications via email notification. This means the onus is on you if you forget to check your email and miss an important communication, which could end up costing you big time should you miss a CRA notice of reassessment.

Electronic City, and reportedly, people were left stranded on a flyover for over three hours. The Times of India tweeted a video of the massive jam. According to ToI, thousands of people got off their company vehicles and buses, walking towards their homes on Wednesday night following the traffic gridlock below the Electronic City flyover after rains. «People were stranded on the flyover for around 3 hours!» ToI claimed.

Pulz Electronics are expected to be in focus today, as the record date for its 1:1 bonus issue is tomorrow, October 25, making today the last day to purchase shares for eligibility. This means that the shareholders who have the shares of the company in their demat accounts on the record date, will be credited with an additional share of the company as a bonus.

Oliver Mudie, the former nicest guy in Bank of America's London equities team, has got a new job.

Subscribe to enjoy similar stories. New Delhi: Despite the recent easing of tension between New Delhi and Beijing, the ghost of the 2020 Galwan clash is likely to hover for a while, as the implications of the border disengagement between the two countries is likely to unravel only slowly.

Walmart has agreed to pay $7.5 million to settle a lawsuit filed by California officials that alleged the retail giant illegally dumped hazardous waste

Subscribe to enjoy similar stories. Who is or was Satoshi Nakamoto, the creator of Bitcoin? A recent HBO documentary names Peter Todd [who denied it], with the possible assistance of Adam Back. Suffice to say the truth here remains an open question, but it is worth asking: Why does anyone care? There is in fact a great deal at stake, certainly at the intellectual level and probably financially and politically as well.

electronics manufacturing industry is hopeful the de-escalation of border tensions between India and China may speed up pending technology transfers, planned investments from Chinese companies and movement of capital goods. Some executives though said despite a thaw in the tensions, Chinese companies will remain cautious about investing in and sending executives to India, which would need to address the existing trust deficit. «We hope this will help the Indian industry in working with reliable Chinese companies without compromising our national security interests to develop a supply chain and other capabilities in India in the electronics sector and also grow trust between the two countries for their mutual benefit,» said A Gururaj, managing director, Optiemus Electronics.

Shriram Group RT Chair in Computational Mechanics’ at the Indian Institute of Science (IISc), Bangalore. This initiative is dedicated to supporting cutting-edge research in computational mechanics, encompassing various fields within mechanical, electrical, electronic, computational sciences and quantum mechanics. The appointed Chair– a distinguished faculty member at the associate or full professor level, will focus on pioneering research that applies computational methods to address real-world challenges. “Areas of research will include the development of novel numerical methods, data-driven modelling of physical phenomena, and the exploration of emerging computing paradigms such as quantum computing,” stated an official release by the company. This partnership aims to benefit the academic community and pave the way for practical applications using computational mechanics. Executive Vice Chairman of Shriram Finance, Umesh Revankar said “It is our honour and privilege to collaborate with IISc, one of India’s foremost institutions for scientific research and education. In establishing the Shriram Group RT Chair in Computational Mechanics, we aim to foster innovation and advance knowledge in fields that are critical to both academia and industry.” He added that the initiative underscores the group's commitment to driving progress through research and contributing to India’s academic landscape.

Reasons to buyReasons to avoidAlso read: Amazon Great Indian Festival Sale 2024: Get up to 64% off on air purifiers from brands like Dyson, Phillips and moreThe Philips AC0920 Purifier features VitaShield IPS technology to remove ultra-fine particles as small as 0.02 microns. Its compact size and low noise levels make it suitable for bedrooms and small offices.Reasons to buyReasons to avoidAlso read: Amazon Great Indian Festival 2024: Big offers up to 83% off on air purifiers, vacuum cleaners and dehumidifiersThe MI Purifier utilizes a 360-degree triple-layer filtration process to eliminate dust, allergens, and other air pollutants.

The NSE Nifty index closed 309.0 points down at 24472.1, while BSE Sensex ended down 930.55 points at 80220.72.

Reasons to buyReasons to avoidThe LOTSPEK Children Bookshelf is a fun and colorful option for kids' rooms. With its library-style shelves, this bookshelf encourages kids to organize and display their books.

Amazon Diwali Sale 2024: Amazon Dhanteras & Diwali Deals offer incredible savings on a wide range of top-of-the-line products, ensuring you get the best value on essential tech, home appliances, kitchenware and furniture. Whether you're upgrading your living room furniture for Diwali, looking for a new kitchen appliance, or in need of home appliances or electronics, Amazon is offering impressive discounts on the latest trends and models.

semiconductor journey, long stalled on the silicon highway, has finally crossed a significant milestone. The government has found success in its first phase of the `76,000 crore incentive fund under theIndia Semiconductor Mission (ISM), initiated in December 2021. In less than 36 months, five semiconductor projects have been approved for central and state government incentives. These include four chip packaging plants and one chip fabrication unit, all in various stages of construction, expected to be operational between 2025 and 2027. As the first phase of ISM concludes, experts are urging the second phase of the project which is expected to be launched soon to focus on forging partnerships with global semiconductor leaders, expanding the ecosystem for raw materials like chemicals and gases, and intensifying efforts to develop skilled talent for the growing industry.

Check out AC deals on Amazon SaleUpgrade your kitchen this festive season with refrigerators at up to 43% off during Amazon’s Great Indian Festival Diwali Sale. Choose from top brands offering energy-efficient, stylish models to keep your food fresh.

Subscribe to enjoy similar stories. A technology pioneered by Benjamin Franklin is being revived to build more efficient electric motors, an effort in its nascent stage that has the potential to be massive. A handful of scientists and engineers—armed with materials and techniques unimaginable in the 1700s—are creating modern versions of Franklin’s “electrostatic motor," that are on the cusp of commercialization.

Reasons to buyReasons to avoidAlso read: Amazon Special Weekend Deals: Huge savings! Up to 80% off on trolley bags, duffle bags and more; Great Indian FestivalThe Kamiliant by American Tourister Harrier Spinner suitcase is a durable and practical option for travelers. The hard-sided polypropylene construction provides protection for your belongings, while the spinner wheels offer smooth and effortless maneuverability.

exports of personal computers including laptops have emerged as a key electronic item shipments from India during April-August this fiscal, according to the commerce ministry data. The exports of personal computers have recorded healthy growth in five destinations- the UAE, Russia, Bangladesh, the US, and Sri Lanka. The exports of laptops to the top five markets — increased to $102.6 million in April-August from just $37 million in the same period of the previous year, the data showed. The government's support to personal computer manufacturing through Production Linked Incentive (PLI) and other measures like ease of doing business have supported this growth.