Billionaire businessman Anil Ambani appeared before the Enforcement Directorate (ED) in Mumbai in connection with a money laundering investigation linked to alleged financial irregularities in a telecom-related case. He cooperated with the probe, with officers recording his statement as part of
Tata Consultancy Services (TCS) is encouraging employees to adopt artificial intelligence tools across operations, even as the technology has the potential to reduce traditional revenue streams, Chief Executive Officer K. Krithivasan said while outlining the company’s long-term strategy. TCS Encourages Employees To Adopt AI Tools Krithivasan said TCS is actively promoting
IDFC First Bank has disclosed a suspected ₹590 crore fraud linked to government-related accounts, triggering a sharp fall in its share price and prompting an RBI review. The Reserve Bank of India said the incident does not pose a systemic risk to the wider banking sector and is being closely monitored. An independent forensic audit […]
Prime Minister Narendra Modi has laid the foundation stone for a major semiconductor manufacturing facility being set up by HCL and Foxconn in Uttar Pradesh, marking a significant step in India’s push to strengthen domestic chip production and reduce import dependence. HCL Foxconn Semiconductor Unit In Uttar Pradesh The project, valued at around ₹3,700 crore, […]
Global consulting firm Accenture has tied the use of artificial intelligence tools to performance evaluations for its senior employees, months after announcing significant workforce reductions. The move signals a deeper integration of AI into the company’s operations and leadership expectations. Accenture AI Policy After 11,000 Layoffs Accenture had earlier confirmed plans
State Bank of India (SBI) is in discussions with Japanese financial institutions to explore funding support for mergers and acquisitions, as the lender looks to utilise expanded lending capacity under revised regulatory norms. The move comes as SBI gains significant headroom for large-ticket financing. SBI Japanese Lenders M&A Financing Talks SBI is reportedly engaging
Reliance Industries Limited has announced plans to invest $110 billion over the coming years to build sovereign artificial intelligence infrastructure in India. Chairman Mukesh Ambani said the investment will focus on large-scale data centres, high-performance computing capacity, and nationwide digital infrastructure to support AI development. Mukesh Ambani $110bn AI
Zoho founder Sridhar Vembu has raised concerns about brain drain, calling it costly for India, in remarks that included criticism of an Indian-origin adviser associated with the White House. His comments have triggered discussion around talent migration and national innovation priorities. Sridhar Vembu On Brain Drain And Talent Migration Sridhar Vembu said that large-scale
Former Infosys CEO Vishal Sikka has said that the company had begun building an artificial intelligence platform nearly a decade ago, but the initiative did not sustain momentum and is now part of its past. His remarks come amid renewed global focus on AI-driven transformation in the technology sector. Vishal Sikka On Infosys AI Platform […]
Tata Sons Chairman N. Chandrasekaran has said artificial intelligence represents the largest growth opportunity for India’s technology sector, urging companies to accelerate adoption and build capabilities across industries. AI Opportunity For IT Sector Chandrasekaran noted that AI is transforming how businesses operate, from software development to customer services and















