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EXL to acquire iMerit for $310 million to enhance AI capabilities

New Delhi, June 24 -- ExlService Holdings, a global data and AI company, today announced a definitive agreement to acquire iMerit, an AI model training, evaluation and reinforcement learning player. T... Read More


AI coding costs to surpass average developer's salary by 2028: Gartner

New Delhi, June 24 -- Gartner has predicted that the financial cost of AI coding tools will overtake the average software developer's salary by 2028. This rapid escalation is driven by a massive surge... Read More


Amazon CEO Andy Jassy in India as company announces Now expansion to over 300 cities

New Delhi, June 24 -- Amazon today announced plans to expand Amazon Now, its quick-commerce service, to customers in over 300 cities across India. Specifically, Amazon intends on scaling up its speci... Read More


IRFC shares tumble nearly 6% as OFS opens for non-retail investors today; Govt to sell 2% stake

New Delhi, June 24 -- Shares of Indian Railway Finance Corporation (IRFC) fell nearly 6 per cent on Wednesday after the government launched an offer for sale (OFS) to divest up to a 2 per cent stake i... Read More


Infosys sees $300-400 bn AI services opportunity by 2030: Nilekani

New Delhi, June 23 -- Artificial Intelligence will not replace IT services companies but will instead create a $300-400 billion AI-first services market by 2030, according toInfosysChairmanNandanNilek... Read More


Prosus launches ToqanClaw platform for five million ecosystem partners

New Delhi, June 23 -- Prosus, a European technology group, launched ToqanClaw, an in-house platform that allows merchants, restaurants, and entrepreneurs to build custom apps, dashboards, and automati... Read More


Ola Electric secures BIS Certification for LFP 46100 cell

New Delhi, June 23 -- Ola Electric Mobility has officially announced that its wholly-owned subsidiary, Ola Cell Technologies, has secured Bureau of Indian Standards (BIS) certification for its indigen... Read More


Hilton launches Spark brand in Asia Pacific with two India openings

New Delhi, June 23 -- Hotel chain player Hilton has launched its premium economy brand, Spark by Hilton, in the Asia Pacific region with the opening of its first two Indian properties in Bengaluru and... Read More


Mitigata raises $15 million to scale AI-Native cyber security infrastructure

New Delhi, June 23 -- Mitigata, an AI-native full-stack cyber resilience platform, has raised $15 million in a Series B funding round. The investment was led by Bessemer Venture Partners, with continu... Read More


El Nino could weigh on India's sugarcane production

New Delhi, June 23 -- A developing drought-bearing El Nino weather pattern will likely emerge as a key risk for India's sugar sector, with industry experts warning that a weak monsoon could impact sug... Read More