NEW DELHI: India cannot afford to remain a passive consumer in the AI era and must urgently build its own frontier-scale artificial intelligence models if it wants to shape global technology rules, according to Pratyush Kumar, co-founder of Sarvam AI.Speaking at the CII Business Summit, Kumar said Sarvam is now preparing to train its first…
MUMBAI: Investors continued to invest in equities, debt and gold through the mutual fund route despite volatile markets due to geopolitical tensions. In April, net inflows in equity funds were at Rs 38,440 crore, down marginally from Rs 40,450 crore in March while the corresponding figure in debt funds showed a huge reversal with a…
Payward, the parent company of crypto platform Kraken, is raising new capital at a $20 billion valuation, according to two people with knowledge of the matter. Kraken declined to comment on the raise. The latest fundraising round comes as the company ramps up spending on takeovers. Most recently, it bought stablecoin-focused payments firm Reap for…
A day after Prime Minister Narendra Modi’s call for austerity measures to curb fuel consumption, including reviving work-from-home, companies have begun reviewing the possibility of getting at least some employees to come to office on fewer days.Large conglomerates, including the Tata Group and Reliance Industries, are reassessing workplace policies and exploring greater flexibility for employees…
BENGALURU: LTM (formerly LTIMindtree) increased fresher hiring by 40% in FY26 and expanded the deployment of AI agents across its workforce. At the same time, the company relied more on subcontractors in overseas markets and adopted a calibrated salary hike strategy amid macroeconomic uncertainty The IT firm onboarded more than 6,700 freshers during 2025-26, strengthening…
SRINAGAR: Union home minister Amit Shah Monday met Jammu and Kashmir chief minister Omar Abdullah in New Delhi and discussed, among other things, “the restoration of statehood”.A govt spokesperson said, the meeting “deliberated on the prevailing security and economic situation in J&K, with emphasis on ensuring sustained peace, stability and inclusive growth for people.”He said,…
MUMBAI: Fresh tensions between the US and Iran affected global investor sentiment on Monday, pushing up crude oil prices, weakening the rupee to a level below the 95-to-the-dollar mark, and leading to a sell-off on Dalal Street. As a result, sensex lost over 1,000 points in early trade, recovered some ground by mid-session, but fresh…
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