Tata Consultancy Services (TCS) has said its artificial intelligence services are now generating about $1.5 billion in annualised revenue, underlining the growing role of AI in the company’s overall business. The disclosure was made by TCS Chief Executive Officer K Krithivasan, marking the
OpenAI is in discussions with Amazon over a potential investment of at least $10 billion, as the artificial intelligence company looks to secure additional funding to support its expanding operations and computing needs. The talks are at an early stage and no final agreement has been reached, according to people familiar with the matter. Possible […]
Amazon has announced its largest round of job cuts at its European headquarters in Luxembourg, confirming that around 370 employees will be laid off. The reductions represent roughly 8 to 9 percent of the workforce at the site and mark the biggest downsizing exercise at the company’s European base since it was established more than […]
The governor of India’s central bank has indicated that the country’s key interest rates are likely to remain low for an extended period as the economy continues to grow steadily. The comments came in the context of ongoing monetary policy discussions and reflect the central bank’s assessment of inflation and economic conditions. Governor’s Outlook on […]
Parliament has approved a major reform allowing 100 per cent foreign direct investment (FDI) in India’s insurance sector, raising the existing cap of 74 per cent. The decision was taken through amendments to insurance-related laws with the objective of expanding capital availability, strengthening the sector, and improving insurance coverage across the country. Aim to
India has initiated talks with Mexico after proposed tariff increases threatened to impact nearly $2 billion worth of Indian exports, officials said. The discussions are taking place at the technical level, with India seeking ways to prevent higher duties from affecting key export sectors. Mexico has announced plans to impose higher import tariffs on countries […]
India’s exports recorded their fastest growth in three years, defying concerns over higher tariffs imposed by the United States under President Donald Trump. Official data shows that outbound shipments grew strongly in recent months, driven by resilient demand from key markets, especially the US, and improved competitiveness of Indian goods. Government officials said the
India’s trade deficit narrowed to $24.53 billion in November, helped by a moderation in imports and relatively stable export performance. The improvement marked a reduction from the wider deficit recorded in the previous month, offering some relief to policymakers monitoring external sector pressures. Officials said the narrowing of the gap was largely driven by a […]
SpaceX has begun early-stage discussions with Wall Street banks as it explores the possibility of a future initial public offering, according to people familiar with the matter. Senior executives at the Elon Musk-led aerospace company have reportedly started the process of sounding out major investment banks to assess market interest and potential valuation scenarios. The
Microsoft India and South Asia President Puneet Chandok has said artificial intelligence will transform how jobs are performed rather than eliminate them, pushing back against fears of large-scale job losses due to automation. Speaking on the impact of AI on the workforce, Chandok said technology has historically changed the nature of work and AI will […]















