Innovations Financial News

ITC has signed definitive agreements for the acquisition of Prasuma, a player in the frozen, chilled, and ready-to-cook foods space in India.

Subscribe to enjoy similar stories. Alternative investment funds (AIFs) have evolved from niche offerings to become a cornerstone of India's financial ecosystem. With a remarkable compound annual growth rate (CAGR) of 31% over the past five years and commitments reaching ₹12.4 trillion as of September 2024, AIFs are poised to play an increasingly critical role in reshaping India's investment landscape.

Subscribe to enjoy similar stories. DeepSeek’s moment of global glory is a double-edged sword, and it couldn’t have come at a more geopolitically fraught time. The upstart grabbed global attention with its latest models, shocking Silicon Valley and investors with their capabilities and efficiency.

Subscribe to enjoy similar stories. The artificial intelligence (AI) landscape is shifting beneath our feet. As Mint reported, India wants to develop its own AI chip.

Azad Engineering shares will be in focus on Thursday after the firm signed a long-term agreement with Rolls-Royce PLC, London, to manufacture and supply critical civil aircraft engine components. «We hereby inform you that Rolls-Royce PLC, London- United Kingdom inks deal with AZAD Engineering Limited, Hyderabad- India to produce Civil Aircraft Engine Components in AZAD, India to supply on a long-term basis super critical complex machined parts for a period of life of the Engine Program,» the company said in an exchange filing.

For years, Canada’s technology community has called on Ottawa to do more to boost innovation and productivity and attract capital to the country.

Ananya Birla, daughter of billionaire Kumar Mangalam Birla, on Wednesday announced an entry into the fast-growing beauty and cosmetics space with the launch of a new venture. The 30-year-old Birla, who launched a microlending venture at 17 and also sits on the board of the USD 62-billion Aditya Birla Group's apex strategic body, will come out with a range of beauty and personal care brands nationally through 2025, a statement said.

IT Minister Ashwini Vaishnaw met OpenAI CEO Sam Altman to discuss India’s comprehensive AI strategy, encompassing GPUs, models and applications. Vaishnaw shared on X that Altman expressed willingness to collaborate with India on all three fronts.

DeepSeek’s rapid ascent within the realm of artificial intelligence has catapulted its founder and chief executive, Liang Wenfeng, into a position of considerable attention. His unorthodox management style, which starkly contrasts with the more conventional approaches of American industry leaders such as OpenAI’s Sam Altman and Meta’s Mark Zuckerberg, has attracted widespread scrutiny.

Subscribe to enjoy similar stories. MUMBAI : The Indian edtech players are expected to integrate traditional education approaches with educational technology as the ecosystem matures following the post-pandemic boom, top executives at edtech-focused venture capital firm GSV Ventures told Mint. “The ecosystem in learning and skills is now being viewed as more than just edtech," said Deborah Quazzo, managing partner of the US-based venture capital firm, in an interview on the sidelines of the ASU+GSV and Emeritus Summit in Gurugram. “It now includes large site-based education players, universities, and corporate entities—because you need more than just edtech to make it real." This marks a shift from the massive post-pandemic edtech boom that saw edtech players like Byju’s, Unacademy, and Physics Wallah, among others, come of age in the country.

Krutrim, Ola’s AI venture, has launched Krutrim AI Lab, billed as India’s first AI frontier research lab, with a commitment to invest Rs 10,000 crore over the next year. This initiative aims to democratise AI research, attract top talent, and position India as a global leader in open-source AI. Krutrim also announced an immediate investment of Rs 2,000 crore (equity and debt).

mile-long network of tunnels that once played a pivotal role during World War II. And now, after being sealed off for decades, these historic tunnels are set to become London’s most exciting underground attraction.

Subscribe to enjoy similar stories. The forces protecting consumers from abuse by big business are in retreat. Former Italian Premier Mario Draghi last year called for reform of merger control in Europe to boost the region’s global competitiveness.

Subscribe to enjoy similar stories. MUMBAI : New products, innovations, and technological advancements in the banking sector have heightened the need for stronger customer protection measures, particularly in the light of emerging threats and malpractices, said the Reserve Bank of India’s (RBI) 2023-24 annual report for the Integrated Ombudsman Scheme. The scheme, launched in November 2021, covers commercial banks, regional rural banks, primary (urban) cooperative banks, non-banking financial companies (NBFCs) that are authorized to accept deposits or have assets of more than ₹100 crore, payment system participants, and credit information companies.

Union Budget 2025 has unveiled measures aimed at bolstering infrastructure financing and maintaining fiscal prudence, which is expected to have a significant impact on the Indian bond market. A key highlight is the government's continued emphasis on enhancing credit access for the infrastructure sector through the National Bank for Financing Infrastructure and Development (NaBFID).

KV Subramanian, Executive Director, IMF, says the finance minister stated that tax cuts will put around Rs 1 lakh crore in the hands of the middle class. Middle class savings are roughly 18%, and if we round it to 20%, it suggests that 80% of this amount will be spent. The consumption multiplier, which is the inverse of the savings rate, is about five. Therefore, we can anticipate a total increase in consumption of around Rs 5 lakh crore, which represents about 2.7% of GDP. The GDP growth estimate is at 6.3% on the lower end. Adding that 2.7% could bring the total to 9%, and even with some overestimation, a growth rate near 8%, definitely above 7%. What a Budget it turned out to be! What were the key bullet points that stuck with you from the Budget this time? KV Subramanian: I have had an all-nighter here watching the Budget in Washington DC. And I think there are a few aspects that are really worth mentioning. As I tweeted just after the Budget, I did a quick analysis of the impact of the personal income tax rate cut on overall consumption and thereby on GDP. I think this is an aspect that is quite important. Unlike, for instance, infrastructure where the impact of that persists over many years, the impact of a personal income tax rate cut, which actually affects consumption, will be there for this year. But I think that impact is going to be large.

Subscribe to enjoy similar stories. The Union Budget for 2025-26 will be known for several path breaking measures, and in a true sense, it's a people's budget. The budget has announced significant measures for manufacturing, MSMEs, employment, regulatory reforms, strategic areas like ship-building, nuclear and many more, thereby accelerating our journey towards Viksit Bharat.

In this article

Subscribe to enjoy similar stories. Put aside the claims that can’t be confirmed. What kind of presumably second-rate chips did it use? How little did it spend training its derivative large language model? Likewise, if analysts at Washington’s Center for Strategic and International Studies are correct, DeepSeek trained itself on information illicitly gleaned as an enterprise client of America’s pioneering OpenAI.