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CHENNAI: Home services startup Pronto’s admission recently that it was piloting in-home video recordings to train physical AI systems shines light on a fast-growing and loosely regulated industry of AI data capture and labelling for the global robotics supply chain.Pronto is not alone. Startups such as Human Archive, Humyn Labs, Egolab AI and Neocambrian are…
MUMBAI: Pine Labs has launched India’s first agent-to-agent payment capability, enabling autonomous transactions through artificial intelligence by extending UPI’s standing mandate framework to machines.The company on Thursday introduced the Pine Labs Payment Protocol (P3P), allowing users to authorise a onetime mandate that can be delegated to an AI agent, which can then independently decide when…
NEW DELHI: The Centre has exempted petrol blended with higher levels of ethanol from excise duty as it seeks to make fuel beyond E20 more attractive for consumers and push voluntary use.The Central Board of Indirect Taxes and Customs (CBIC) issued notifications on Wednesday, exempting ethanol blended petrol (EBP) grades E22, E25, E27 and E30,…
Strong domestic travel has again saved the day for Indian hospitality, although the West Asia war has impacted inbound traffic to the country, like many others globally.“Over 40% of people flying to India (and other parts of Asia from the west) do so via the Middle East (West Asia). That has slowed down inbound. The…
Prime Minister Narendra Modi during the the Economic Advisory Council meeting. NEW DELHI: As govt gears to undertake a delimitation exercise in the coming month, a working paper by the Economic Advisory Council to Prime Minister (EAC-PM) has suggested India should split Lok Sabha’s 170 large constituencies using a “targeted criterion” instead of a uniform…
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The structure is based on depositary receipts, a longstanding financial product that allows investors to gain exposure to shares through a bank-issued security. Citi has adapted that model for private companies and recorded the securities on blockchain infrastructure operated by Swiss market operator SIX. The result is a digital version of a traditional financial instrument….
Union Minister of Commerce & Industry Piyush Goyal and EY (Ernst & Young) Global Chair and CEO Janet Truncale during a meeting to exchange views on India’s consistently growing role in global supply chains. BENGALURU: Janet Truncale, global chair and CEO of EY, said the professional services firm’s India operations are increasingly becoming central to…
