Mumbai, Feb 16 (IANS) Indian benchmark indices staged a strong late rally on Monday, snapping the two-day losing streak, as buying in banking stocks lifted market sentiment.
New Delhi, Feb 16 (IANS) UPI has emerged as the most preferred mode of payment, accounting for 57 per cent of total payment transactions in India, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to an independent study commissioned by the Finance Ministry.
New Delhi, Feb 16 (IANS) American artificial intelligence firm Anthropic on Monday announced it has opened a Bengaluru office, its second in Asia after Tokyo, and will focus on hiring local talent across a wide array of roles.
New Delhi, Feb 16 (IANS) India’s media and entertainment sector is on a steady expansion path, with revenues projected to grow at around 7 per cent annually till 2027, and the sector's total size is estimated to rise from Rs 2,502 billion in 2024 to Rs 3,067 billion in 2027, underscoring its role as a durable growth engine within the services economy, according to an official statement issued on Monday.
New Delhi, Feb 16 (IANS) The AI Impact Summit 2026 has placed India firmly on the global map in shaping discussions around artificial intelligence and technology governance, Aam Aadmi Party MP Raghav Chadha said on Monday.
New Delhi, Feb 16 (IANS) Union Minister of State for Commerce and Electronics and IT Jitin Prasada on Monday described the five-day AI Summit as the "Mahakumbh for artificial intelligence", saying that the scale and participation reflect a historic moment for India’s digital journey.
New Delhi, Feb 16 (IANS) As Indian markets' medium‑term risk‑reward dynamics improve, investors wanting aggressive portfolios can consider 60–65 per cent equity allocation, with conservative investors maintaining higher fixed‑income exposure and a tactical cash buffer of about 5 per cent, a report said on Monday.
New Delhi, Feb 16 (IANS) Artificial Intelligence (AI) models are improving at an unprecedented pace and the sector is set to witness exponential growth over the next three years, Puneet Chandok, President of Microsoft India and South Asia, said on Monday.
New Delhi, Feb 16 (IANS) US-based AI company Anthropic is in the middle of a deeper controversy as the Pentagon (now called the Department of War) is reportedly considering to snap its ties with Dario Amodei-run firm over its insistence on “maintaining some limitations” on how the US military uses its AI models.
New Delhi, Feb 16 (IANS) Indian IT companies will remain focused on profits rather than employment, as AI threatens to disrupt industries across the spectrum, former HCL Technologies CEO Vineet Nayyar said here on Monday while speaking at the ‘AI Impact Summit 2026’.
