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AI) is probably one of the last things a growing, lower-middle-income economy needs, said the Economic Survey.

Market veteran Madhu Kela remains very positive on transformers as an industry in the medium to long run. These are very deep cycles – the downturns as well as the upturns. A new cycle has started and he expects this to last at least 5-10 years and within that, there are select companies that will continue to do well. Kela is also bullish on data centres as a play. With this privacy law and the data being retained here, data centre as a play and anything peripheral around the data centres will do well. Let us talk about two areas, over the weekend, one transformer company came out with results. You had some exposure in there. Has the transformer story played out because these stocks have become eight to nine times in the last one year? Also, what about data centres? Now big developments are coming in the cloud and some of these companies are tying up with Google, etc. You have exposure in those areas as well. Madhu Kela: So, data centre, we made a significant investment in one data centre company which was a private company. So, I am very bullish. With this privacy law and the data being retained here and the amount of data that we are generating today, data centre as a play and anything peripheral around the data centres will do well.

«One is the kind of impetus that the government has always placed on investment and therefore what is the kind of growth that you are expecting from the capital expenditure side vis-a-vis the revenue expenditure, so that is one number to watch out for,» says Shibani Sircar Kurian, Kotak Mahindra AMC. What is the market expecting from the budget, does not seem like there is going to be any tinkering on the capital gains taxes at least, but yes, the market is waiting and watching whether it is going to be the budget or it is going to be something from SEBI with regards to options trading for sure. Shibani Sircar Kurian: So, if you look at the budget, of course, the budget sets the policy tone for the rest of the year and also sets the agenda for the government during its term.

«Some of the companies will be absorbed by the bigger players, so to your question who will be the winner here, I think that one should stick with the larger companies, the more efficiently managed companies and companies with a franchise, with a brand which the consumer appreciates and looks forward to staying in, I think that that is the space which is going to benefit going forward,» says Anshul Saigal, Founder, Saigal Capital. After what seemed like an inline Q1, because of the monsoon quarter perhaps which is going to flow through in Q2, who do you think is going to win the battle and whether or not you think hotel industry has a prosperous rest of FY25 ahead of them? Anshul Saigal: So, if you go back to the 2003-2007 cycle you look at where rates went around the time of 2007-2008, we are still scraping only the surface in hotel tariffs at this moment. Even though occupancy is high, hotel tariffs are also up, but in comparison to where they were in that phase, we are nowhere close.

large language models (LLMs) such as Sarvam’s OpenHathi and Ola’s Krutrim. This even as their global counterparts like OpenAI’s GPT-4o and Meta’s Llama have started showing enterprise grade support for Hindi, Marathi, Kannada and other Indian languages across text and voice.

liquidation over a $19 million payment default to the Board of Control for Cricket in India (BCCI). The company, once valued at $22 billion, is undergoing insolvency proceedings — a development that raises questions on what could happen to its 5,000 employees, including teachers, in addition to thousands of vendors and customers.

Google is planning to keep third-party cookies in its Chrome browser, it said on Monday, after years of pledging to phase out the tiny packets of code meant to track users on the internet.

The number of heat-related deaths in Texas is rising among residents who lost power during Hurricane Beryl

Karnataka Government to amend a labour law to extend the working hours in the tech services companies by up to 14 hours, during exigencies, has come under resistance, putting the government on the backfoot.

PhonePe and Alphabet Inc.’s Google Pay saw a marginal decline in their share of total transactions processed through India’s unified payments interface in June as smaller players gained traction.

Godfrey Phillips director Bina Modi on Monday withdrew her contempt petition filed against her sons — Lalit and Samir Modi – in the Supreme Court.

health and economic outcomes, the survey underscored that mental health issues can have broader impacts on productivity across society than physical health ailments.According to data from the National Mental Health Survey (NMHS) 2015-16, 10.6 percent of adults in India suffer from mental disorders, with a significant treatment gap ranging from 70 to 92 percent for different disorders. Urban metro regions reported a higher prevalence of mental morbidity at 13.5 percent compared to rural areas (6.9 percent) and urban non-metro areas (4.3 percent).Economic Survey 2024 Live UpdatesThe survey also noted ongoing research indicating that individuals aged 25-44 years are most affected by mental illnesses.

children on the internet was in 1998 — before Facebook, before the iPhone and long before today's oldest teenagers were born. Now, a bill aiming to protect kids from the harms of social media, gaming sites and other online platforms appears to have enough bipartisan support to pass, though whether it actually will remains uncertain.

Bluelearn has shut down operations and will return 70% of the capital it raised to its investors.

India’s historic spending on education over the last 10 years has hovered around 3% of GDP. While calls for increasing the spending on education increase each year, the government has an unspent balance of 7000 crores from the previous budget.

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.

Nita Ambani, chairperson of Reliance Foundation and jury chair of the 10th edition of ET 40 under Forty, urged young business leaders to lay the foundation of a better development model for India so that the benefits can be reaped not just by the current generations but also future ones. “A model that can fulfil the aspirations of every Indian and a model that can inspire and show the way to the rest of the world. In this endeavour, I am sure all of you young leaders here will far exceed the expectations of our generations,” Ambani said in her opening address at the ET 40 under Forty awards event in Mumbai on Friday. The marquee event, which completed a decade, identifies India’s future corporate leaders.

insolvency resolution process (CIRP) of bankrupt companies to providing financial support to fight arbitration suits or even helping companies find sector expert lawyers for fighting costly disputes, a clutch of litigation funding startups are offering a range of services in the third-party funding market in India. Startups such as LegalPay, LitiCap, LegalFund and FightRight are helping companies fund their costly disputes, focusing on sectors including infrastructure, real estate, logistics, media entertainment and manufacturing.

40 Under Forty. The panel, moderated by Amit Jain, managing director Carlyle India Advisors, and comprising past and current A-listers of the ET 40 Under Forty, laid threadbare the fundamental tenets of leadership and how it is evolving in a volatile and disruptive world while ensuring generational diversity.

tech industry body Nasscom said in a report. Despite the increase in investments, however, there was a nearly 50% decline in funding rounds during the first half of this year compared to the second half of last year, Nasscom said in its latest Generative AI tracker.

Education Minister Atishi has sanctioned the release of Rs 100 crore for the financial year's second quarter to fund 12 Delhi University colleges. This amount represents the second instalment of the Delhi government's financial commitment to the colleges. According to a statement issued on Sunday, the Delhi government has allocated a budget of Rs 400 crore for 12 colleges for the fiscal year 2024-25. Atishi gave her nod to release the second instalment for the 12 colleges funded by the Delhi government.