Innovations Financial News

Subscribe to enjoy similar stories. As the date for Consumer Electronic Show (CES) 2025 nears, Kinsey Fabrizio’s excitement is understandable. She is the president of the US-based Consumer Trade Association (CTA) that runs the world's largest tech trade show in Las Vegas.

Over the years, the untimely deaths of several prominent Indian entrepreneurs and company founders in their 40s and 50s have underscored the dangers of stress, the pressures of leadership, and the physical toll that intense work can take on the human body. While these individuals were often seen as the driving forces behind their businesses, their sudden departures have raised concerns about the importance of mental and physical health in today’s fast-paced corporate world. Here, we take a look at some of the Indian business leaders who passed away prematurely due to cardiac arrest, leaving behind a legacy that continues to inspire despite their untimely departures.

Subscribe to enjoy similar stories. India recently surpassed 5 million electric vehicles (EVs) on its roads. As 2024 draws to a close, we have a milestone to celebrate and a better growth trajectory to anticipate in 2025.

Arguing that current Development Finance Institutions (DFIs) like SIDBI and NaBFID (National Bank for Financing Infrastructure and Development) have their roles cut out as they have earmarked sectors to finance, the chamber also suggested setting up of a high level committee to look at the revision of PSL norms and explore the need for any new DFIs to cater to some of the new and emerging sectors. Priority Sector Lending is a policy tool aimed at ensuring that key sectors crucial to the nation's development receive adequate financial support. Mandated by the Reserve Bank of India (RBI), PSL obligates banks to allocate a specified proportion of their loans to sectors such as agriculture, education, housing, and small industries.

digital revolution in healthcare, ripple effects of the infra boom, and Artificial Intelligence (AI) technology-driven transformation. While global markets grapple with persistent inflation and geopolitical tensions, India’s domestic growth engine remains robust, bolstered by a substantial middle class, increased manufacturing capacity, and strategic policy reforms. The key to success will lie in identifying sectors that benefit from these structural tailwinds, which will ultimately drive investor returns.

National Mathematics Day, celebrated annually on December 22, marks the birth anniversary of the brilliant Indian mathematician, Srinivasa Ramanujan. This day is dedicated to recognising his profound contributions to mathematics and highlighting the pivotal role the subject plays in shaping modern society.

Indian diaspora in Kuwait on Saturday, stated that India of the future would be the hub of global development as well as the growth engine of the world. While speaking at the «Hala Modi» community event at Kuwait's Sheikh Saad Al-Abdullah Indoor Sports Complex, PM Modi highlighted India's rapid transformation in various fields, including technology, infrastructure, and sustainability. «Today, India is the fifth-largest economy in the world. We lead the world in fintech and have the third-largest startup ecosystem globally. India is also the second-largest mobile manufacturing country in the world,» PM Modi said.

Custom AI: Tailored intelligence for strategic impact Custom AI will emerge as a transformative force in 2025, allowing organisations to design AI solutions tailored to their specific needs. By leveraging domain-specific data and advanced model customisation, businesses can develop AI applications that address unique challenges — from personalised customer experiences to industry-specific innovations.

Narendra Modi praised India and Kuwait's strong commercial connections dating back to the nineteenth century, as well as IMEEC as an idea that provided the globe with new direction. Addressing the Indian diaspora in Kuwait City, Modi reflected on the two nations' common ambitions, Viksit Bharat and New Kuwait, and emphasised that there were several potential for India and Kuwait to collaborate. India's skill sets and creativity might lead to new collaborations between the two nations. He said that Ayurveda was assisting the globe with wellbeing while underlining India's contributions to the world in terms of science and innovation.

As mindful gifting takes center stage, the focus has shifted from mere gestures to thoughtful offerings. In this evolving landscape, three exceptional homegrown Indian brands are leading the way with a keen understanding of their audience's preferences and a focus on innovation. Empowered by their training through Walmart Vriddhi, they are redefining the standards of what intentional, thoughtful gifting can truly be.

sustainability is everywhere. As climate change accelerates and environmental concerns deepen, the demand for solutions that benefit both people and the planet has reached a tipping point. In response, a new wave of businesses is rising—enterprises that embed sustainability into their core, not just as a trend but as a transformative business model. This is the age of sustainable entrepreneurship, where innovation and responsibility merge to revolutionise industries. The urgent call for change Traditional business models, focused solely on profit, have prioritised short-term gains, leaving a trail of environmental degradation—depleting resources, increasing carbon emissions, and creating mountains of waste. Sustainable entrepreneurs are rewriting this narrative. They understand that «business as usual» will not cut it anymore.

Institute of Eminence (IoE) in Andhra Pradesh. This initiative aims to provide the state’s youth with education in Artificial Intelligence (AI), emerging technologies, new age skills, and entrepreneurship, paving the way for Andhra Pradesh to become an education hub. The University of Innovation will work towards blending academic excellence, innovation, and research. Its focus is to address key challenges in education and employability. The initiative will follow a hub-and-spoke model, with the University serving as the central hub, and satellite centers across Andhra Pradesh acting as spokes. This approach is an attempt to provide students from diverse backgrounds and regions access to contemporary, hybrid education that combines online and in-person learning experiences.

The proposal is much narrower than the government's push to make Google sell its Chrome browser, which Google called a drastic attempt to intervene in the search market. Google urged U.S. District Judge Amit Mehta in Washington to move cautiously in deciding what the company must do to restore competition, after his ruling that the company holds an illegal monopoly in online search and related advertising. Courts have cautioned against imposing antitrust remedies that chill innovation, Google said in court papers.

Qualcomm's central processors are properly licensed under an agreement with Arm Holdings, a jury found in a trial in U.S. federal court that removed some, but not all, uncertainty around the mobile chipmaker's expansion into the laptop market. A week of courtroom arguments and deliberations ended in a mistrial after the jury failed to resolve one of three questions put before it in the trial between the two chip giants. Qualcomm said the result affirmed its right to innovate, but Arm vowed to seek a new trial. Arm's shares were down 1.8% in extended trading after the news, and Qualcomm's shares were up 1.8%.

Reserve Bank Innovation Hub, or RBIH, has approached several data-rich aggregators including Namma Yatri, Rapido, Swiggy and Zomato along with farmers’ collectives such as Amul for building the ambitious Unified Lending Interface (ULI) platform, its chief executive Rajesh Bansal told ET. The Reserve Bank of India’s innovation arm is also exploring collaboration with the likes of Google Pay on the insights that can be derived from data sharing on UPI transactions and warehouse deposit receipt data, Bansal said. Discussions are also ongoing with the Open Network on Digital Commerce (ONDC), PM Gati Shakti, Unified Geospatial Interface and E-Vahan, he added. The ULI platform will enable consent-based transfer of customers’ digitised financial and non-financial data, including land records, from various sources to lenders, accelerating credit appraisals.

digital competition law to regulate large players is unlikely to be finalised before the second half of the next fiscal, as the government intends to have comprehensive inter-ministerial consultations due to the complexity of the subject matter, people aware of the development said. The idea is to bring in such a law that would neither stifle innovation nor make compliances onerous but ensure that large players don't take advantage of their dominant positions to distort competition in the market, one of the officials involved with shaping the formal policy ET. «So, it would take some time,» the person added. Also, the corporate affairs ministry is currently focused on amending the insolvency and companies laws first, on top of scaling up the PM Internship Scheme.

With president-elect Donald Trump threatening punitive tariffs of 25 per cent, Canada should look to a reliable, old ally for expanding trade: the United Kingdom.

Subscribe to enjoy similar stories. As we drift toward the twinkling end of this year, one can almost taste the festive air. In this last piece of the year, let’s look at how GenAI space has progressed in 2024.

recruitment post has sparked the ire of netizens and reopened the age-old language debate that has emerged as one of the red-button subjects in Bengaluru. While the city is often called the ‘Silicon Valley’ of India and is renowned for its vibrant startup culture, several red flags about India’s tech paradise have recently emerged: traffic problems, sky-high rents, and the language debate. Delhi-based entrepreneur Vikram Chopra recently took a potshot at Bengaluru’s language issue. In a hiring post addressed to techies, the CEO of Cars 24 wrote, “Still can’t speak Kannada after years in Bengaluru? It’s okay. Aa jao Dilli (come to Delhi).” He added that his firm was on the lookout for ‘kickass’ engineers who wished to stay close to home. “We are not saying Delhi NCR is better. Only that it really is. If you wish to come back, write to me at [email protected] with the subject — Delhi meri jaan,” he wrote.

global streaming and more than 45 million transactions in 2024, according to insights from its "Pocket FM Playback 2024" report. The report underscores the global appeal of storytelling and immersive audio experiences over the past year. The platform captivated a broad demographic, with 54% of listeners being Gen Z, 37% Millennials, and 5% Gen X. Gender distribution was nearly even, with 53% male and 47% female users. The integration of AI-enabled audio series expanded the platform's content library by 36 times, while human-narrated series saw a twofold increase.

National Skill Development Corporation (NSDC) International — a subsidiary of the nodal skill development agency on Thursday launched Bharat Innovation Global Private Limited (BIG) initiative in collaboration with edtech startup PhysicsWallah. The programme aims to develop India into a global education hub. The initiative will focuses on bridging the gap between education and employability through flexible, technology-driven learning pathways, a statement from the edtech read, adding that it will integrate AI-driven career guidance, gamification, adaptive learning tools, and secure Learning Management System (LMS) platforms for individuals. BIG will provide skill training to students in grades 11 and 12 in schools, PhysicsWallah said. “This approach extends to Industrial Training Institute (ITI) and Polytechnic learners, university students, and working professionals, fostering learning across ages,” the startup added. The programme will also include capacity building for government sector employees.