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IBM, Sarvam partner to build sovereign AI solutions for Indian government, regulated sectorsUnder the partnership, IBM Sovereign Core will provide the underlying software and middleware needed to deploy and govern AI systems, while...
Meta's AI splurge lays bare its compute conundrumThe Instagram owner is splurging billions to build compute - chips, servers, energy and data centers that power AI - leaving it with free c...
1,000-plus km on a single tank: While world focuses on EVs, this hydrogen bus, which refuels in just 15 minutes, has emerged as clean-fuel alternativeHydrogen Bus Spain: A hydrogen-powered bus has been transporting passengers in Madrid, Spain, since June as part of a real-world trial. Pow...
Xtranet Technologies shares list at 7% premium over IPO price on NSEXtranet Technologies debuted at up to a 7% premium over its IPO price on Thursday, falling short of grey market expectations of an 11% gain...
Top six IT firms add 5,400 employees in Q1, led by TCSThe number was skewed by India’s largest firm, Tata Consultancy Services, which made its biggest quarterly addition in three years, hiring ...
Kaynes Technology among 9 stocks showing bullish RSI upswingNine stocks in the Nifty500 pack that gained over 5% featured in the RSI Trending Up scan on July 29 after showing improving momentum. The ...
Cognizant logs marginal dip in Q2 net, revenue rises 4.5%The Nasdaq-listed company revised its full year revenue forecast to $22.04-22.35 billion, implying 4.4-5.9% growth (4.0-5.5% in constant cu...
Syrma SGS plans JV with Kaga Electronics; Q1 net profit doublesThe two companies formed the joint venture in June to set up an advanced EMS manufacturing facility at Syrma's existing plant in Haryana, M...
Cognizant lifts annual profit forecast on strong financial services growthCognizant Technology forecasts third-quarter revenue below Wall Street estimates. Clients remain cautious on discretionary IT spending and ...
Government says eligibility of generative AI services for safe harbour depends on nature of serviceGovernment stated AI intermediary status depends on service nature and functions. The IT Act applies to computer resources and intermediari...
Anicut Capital launches Rs 175-crore seed fund to back 20 startupsAnicut Capital has launched its second early-stage equity fund. This new fund aims to raise Rs 175 crore for startups. The firm manages bet...
Musk's X adds Money banking service under 'everything app' pushElon Musk's social media app X on Monday began offering its X Money banking service to all US subscribers of its paid Premium and Premium+ ...
Xtranet Technologies IPO allotment likely today; GMP signals modest listing gains. Here's how to check statusXtranet Technologies is set to finalise its IPO allotment today, with the stock scheduled to list on July 30. The Rs 166.80 crore issue was...
AI blows up IT playbook: Lines between AI labs and IT services firms start to blurThe enterprise services business they have dominated for decades is beginning to see a new breed of rival. OpenAI and Anthropic are no long...
Xtranet Technologies IPO Day 3: GMP holds at 7%; Check subscription status and other key detailsXtranet Technologies' initial public offering concluded its final bidding day with robust investor interest. The grey market premium indica...
Private equity investors shift tech bets from IT services to AI startupsBankers and investors told ET that interest is expanding beyond capital-intensive AI infrastructure to applications that automate business ...
Smartworks leases 1,100 desks in Pune to L&T Technology Services for Rs 55cr rent in 5 yearsSmartworks Coworking Spaces has leased over 1,100 desks to L&T Technology Services in Pune. This expansion brings the total seats provided ...