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Nirmala Sitharaman tabled the Economic Survey 2023-24 in the Parliament today. The Survey, authored by Chief Economic Advisor V Anantha Nageswaran and his team, highlighted the initiatives taken by India to address climate change and energy security.

5G networks in the world, and post-the launch of 5G services, India's international rank on mobile broadband speeds has improved from 118 to 15 in March 2024, the Economic Survey 2023-24 said Monday.

Mint. “It will be remiss if we don't take advantage of the talent pool here." This comes at a time when tech hiring in India is slowing. Many IT firms and startups are downsizing or tightening their purse strings, offering low compensation and hikes.

Budget 2024 approaches, anticipation is building across various sectors in India. Each year, the budget sets the stage for economic policies and resource allocations that significantly impact the country's growth trajectory. This year, there is a heightened focus on how the budget will address key areas such as technological innovation, infrastructure development, and social welfare. Industry expectations Vijay Navaluri, Co-founder & Chief Customer Officer, Supervity, highlights the AI sector's optimism for policies that will further stimulate growth and innovation. He underscores the importance of the government's continued support for AI and related technologies to drive the industry forward. Navaluri expects the budget to prioritize investments in AI, particularly in enhancing AI-based education and skill development through partnerships between educational institutions and industry. This, he believes, will ensure a steady pipeline of skilled professionals who can contribute to various sectors, including healthcare, agriculture, and urban planning.

boring technology’ in a blog post that gained popularity in the tech industry. The core idea is that while building systems or making technological choices, it’s often better to opt for well-established, proven technologies, rather than chasing the latest, trendiest options. A key element of McKinley’s essay is the idea of ‘innovation tokens’, which he describes as a limited resource that organisations should spend wisely. In the context of technology choices, McKinley suggests that companies have a finite capacity for innovation and should, therefore, be selective about where they decide to be cutting-edge. If a company uses up some of its innovation tokens in trying out a glamorous new technology that is not tried and tested widely, it will have fewer resources left for innovation in its business domain and in serving its customers. As McKinley puts it, “If you think about innovation as a scarce resource, it starts to make less sense to also be on the front lines of innovating on databases. Or on programming paradigms. The point isn’t that these things can’t work. Of course, they can work. There are many examples of them actually working. But software that’s been around longer tends to need less care and feeding than software that just came out.”

orphan drugs from the government-set price controls, people in the know told ET. It has asked the government to do away with the existing practice of 50% price cuts upon patent expiry, arguing that the government's price-setting provisions will stymie innovation. In a recent meeting held with the Department of Pharmaceuticals (DoP), the OPPI also sought exemption from price controls for drugs used for rare diseases.

Economic Times 40 Under Forty is not just an awards show. It is a celebration of the young (often accompanied by a restless hustle), brilliance, innovation and accomplishment. Every year, an esteemed jury selects 40 bright minds across industries who are triggering change and setting new benchmarks. This year was no different. The 10th edition of ET 40 under Forty was an electrifying evening of the brightest minds and boldest spirits, their pulse on the present, and eye on the future.

That cybersecurity and its failures can impact large parts of the world was evident on Friday, when Microsoft’s Azure outage—reported to be on account of CrowdStrike, Azure’s first line of cyber defence—left large numbers of computer users staring at blue screens that did not budge, preventing work. It brought airlines, media houses and banks (among others) to their knees in diverse markets, including India. So crucial is cybersecurity now in the tech world that Google’s parent Alphabet wants to acquire Wiz, a cybersecurity startup, as New York Times reported, even if that exposes it to antitrust scrutiny from regulators worldwide.

: Comptroller and Auditor General of India (CAG) Girish Chandra Murmu has said Artificial Intelligence (AI) has arrived and the Supreme Audit Institution (SAI) is taking advantage of new technologies in improving the quality of public expenditure. «As it develops, we will develop ourselves accordingly. Whatever challenges are there we will try and overcome. We will follow global experiences and practices related to this and share our own to them,» Murmu told PTI. Recently, he said, «We have signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology, Delhi for leveraging AI and other emerging technologies for the advancement of audit practices.» With the rapid advancement of AI, machine learning, and data analytics, traditional methodologies are being redefined, offering unprecedented opportunities for innovation and efficiency, he said.

Union Budget for 2024-25, expectations are high for measures that will stimulate economic growth and attract foreign investment. Businesses are waiting with bated breath to see what reforms and reliefs are introduced for the financial year ahead. It is expected that Union Budget would be an agent of change in ushering India towards the long-enumerated feat of realizing $5 trillion economy by the government.

In the past few years, there has been a gradual positive shift in the right direction. The government has provided clarity on taxation, and crypto exchanges are now reported entities under the Prevention of Money Laundering Act (PMLA). However, the tax rate remains high, which is negatively impacting the growth of the ecosystem. This situation has led to a migration of trading volume to international exchanges, posing higher risks in terms of compliance and customer protection.

Explore innovative Samsung washing machines that clean your clothes in just 29 minutes, with discounts of up to 25% off this Amazon sale 2024. These high-performance models feature Super Speed and Speed Spray technologies, designed to deliver rapid and efficient washing, saving you time while ensuring your clothes come out clean and fresh. Take advantage of these exceptional deals to upgrade your laundry routine with cutting-edge technology and enjoy faster, more effective washes at reduced prices. 29 minutesBUY NOW

Galaxy Z Fold6, now available for pre-ordering, is designed to boost your productivity with its cutting-edge features and innovative design. By integrating a multitude of functionalities to simplify your day-to-day tasks, Galaxy AI positions the Samsung Galaxy Z Fold6 as a significant advancement in smart devices. While the foldable design is, in itself, a key motivator for anyone looking for innovation, its unique blend of form and functionality gives you everything you need and more from your smartphone. Here’s how Galaxy Z Fold6 stands out in terms of design, functionality, innovative AI: Most compact fold so far The Galaxy Z Fold6 boasts a sleek and lightweight design, making it the most pocketable Galaxy Fold device so far.

Amazon Prime Day sale is here: Check out the best Prime Day deals on electronics, home appliances, and moreAvailable at a discount on Amazon, the LG 7 Kg front-load washing machine boasts a 5-star energy rating and innovative 6 Motion Direct Drive technology for efficient and gentle cleaning. The steam wash feature eliminates allergens, while the Smart Diagnosis function simplifies troubleshooting.

France’s divided National Assembly has kept a centrist member of President Emmanuel Macron’s party as speaker

telecom operators, Jio Infocomm, on Friday unveiled that the company's average revenue per user remained muted at Rs 181.7 per subscriber on monthly basis for the first quarter of the financial year. Additionally, the Reliance-owned telco announced that it had new 8 million net additions in 1Q FY25 with monthly churn at 1.7%. “Ubiquitous, high-quality, affordable internet is the backbone of Digital India and Jio takes pride in contributing to this. Our new prepaid plans would foster industry innovation towards 5G and AI and drive sustainable growth. Jio with its superior network and new service propositions would further build its market leadership with a customer first approach," said Akash M Ambani, Chairman of Reliance Jio Infocomm.

Mint. Sheth can afford to say that. He has the distinction of scaling two unicorns—Elance (renamed as Upwork), and Gupshup—across two different geographies.

Anand Mahindra, the Chairman of the Mahindra Group, recently lauded the creative ingenuity of Sudhir Bhave, an elderly engineer from Gujarat known for his unique cycle designs. In a heartfelt post on X, Mahindra not only praised Bhave's «irrepressible creativity and energy» but also offered him access to the Mahindra workshop in Vadodara for his experiments.

Persistent Systems fell 7% in Friday’s early trade to the day’s low of Rs 4539.95 after the company reported a 2.8% quarter-on-quarter (QoQ) decline in its profit after tax (PAT) to Rs 315.32 crore for the quarter ended June 30 2024. However, on a year-on-year (YoY) basis, PAT rose 34% against Rs 228.77 crore in the first quarter of FY24.

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Internet Computer (ICP) has shown a significant bullish trend in crypto. After a decline, ICP has surged by 18%, crossing critical resistance levels and signaling a potential market shift. Similarly, Toncoin investors have seen a dramatic rise in whale activity, with a 983% surge in transactions, indicating strong institutional interest.