Slowdown in IT sector not just due to AI, Trump tariffs: Sridhar Vembu

IANS | April 18, 2025 10:53 AM

New Delhi, April 18 (IANS) The slowdown seen in the quarterly results by India's information technology (IT) companies is not just a result of disruption due to artificial intelligence (AI) and Donald Trump’s reciprocal tariffs but also inefficiency in products and services of the broader software industry, Zoho founder Sridhar Vembu said on Friday.

India saved Rs 3.48 lakh crore as DBT cut leakages in last 10 years: Report

IANS | April 17, 2025 11:22 PM

New Delhi, April 17 (IANS) India's Direct Benefit Transfer (DBT) system has resulted in cumulative savings of Rs 3.48 lakh crore through a reduction in leakages that were taking place earlier, and a 16-fold expansion in beneficiary coverage from 11 crore to 176 crore since its launch by Prime Minister Narendra Modi-led government, according to a report released on Thursday.

Adani Ports acquires NQXT Australia with 50 MTPA capacity

IANS | April 17, 2025 8:38 PM

Ahmedabad, April 17 (IANS) The Board of Directors of Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday approved the acquisition of Abbot Point Port Holdings Pte Ltd (APPH), Singapore, from Carmichael Rail and Port Singapore Holdings Pte Ltd, Singapore (CRPSHPL), which is a related party.