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The Economic Times
The Economic Times Microsoft pitches AI 'agents' that can perform tasks on their own at Ignite 2024
AI developers are increasingly pitching the next wave of generative AI chatbots as AI "agents" that can do more useful things on people's behalf. But the cost of building and running AI tools is so high that more investors are questioning whether the technology's promise is overblown.
The Economic Times Ten newly approved industrial cities to boost India's economic corridors: DPIIT
India is developing ten new industrial smart cities along its economic corridors, representing a Rs 28,602 crore investment. These cities aim to boost industrial growth and connectivity across various regions, including the densely populated north and the coastal east.
The Economic Times India's steel industry to grow at 8%; capacity to rise by 20 million tons by FY2027: report
The annual capacity of India's steel industry will increase by 20 million tons between the financial year (FY) 2025-27, says Acuite Ratings & Research in its recent report. The report gives a positive outlook for the Indian steel industry in the medium to long term.
The Economic Times PG Electroplast, Spiro join hands for EV production
The primary responsibility of PG Technoplast will be setting up and managing the manufacturing facilities for electric vehicles, lithium-ion batteries and related components, it said.
The Economic Times India's auto parts industry poised to cross $80 bn revenue in 2024-25
The revenue of India's automotive components industry is expected to cross $80.1 billion in FY2025 while exports have already touched $21.2 billion, according to B2B risk management consultancy Rubix Data Sciences.
The Economic Times Samsung Biologics inks 2 new deals worth $668 mn with European pharma
Samsung Biologics said on Wednesday it has won two new contract manufacturing deals with a combined value of 930.4 billion won ($667.7 million) from a Europe-based biopharmaceutical firm.
The Economic Times Majority healthcare job postings seek women professionals: Report
India's healthcare sector is witnessing a surge in demand for women professionals. Government spending and private sector expansion are driving this growth. Apna.co, a job platform, reports 60% of healthcare jobs target women. Demand is high for roles like nurses, pharmacists, and technicians. This trend is observed in both major cities and smaller towns.
The Economic Times Reliance Brands chief Darshan Mehta, who built luxe business, to step down
Mehta who was among the first employees of Reliance Brands has been leading the business since its inception in 2007. An industry veteran with previous stints in companies like Arvind Brands, Mehta built and drove the expansion of Reliance's retail business in the luxury and premium segments.
The Economic Times Tide partners with Ubuntu Consortium to support over 21,000 women entrepreneurs
The Consortium has 54 associations which account for more than 21,000 women entrepreneurs representing 11 states.
The Economic Times Solar energy generation cost to drop by 60 pc by 2050, will create 27 mn green jobs: ISA
Driven by increasing demand and scalability, Solar energy generation costs are likely to drop by 40-60 per cent by 2050, according to a report by the International Solar Alliance (ISA).
The Economic Times Mayank Bidawatka's venture Billion Hearts secures USD 4 mn seed funding
Mayank Bidawatka's Billion Hearts Software Technologies has secured USD 4 million in seed funding. Blume Ventures, General Catalyst, and Athera Venture Partners led the round. This follows a recent USD 250,000 angel funding round. Billion Hearts is developing a global digital consumer product, with a beta launch planned in the coming months.
The Economic Times India strengthening mobile-payment ties with global partners, expanding digital currency efforts: RBI's T Rabi Shankar
India is establishing mobile payment connections with several nations, including Sri Lanka, the UAE, and neighboring countries. The Reserve Bank of India (RBI) is also developing a cross-border payment system and researching the effects of central bank digital currencies (CBDCs) on the financial sector.
The Economic Times Rupee resilient despite FII outflows, India's contribution to world market cap grows
India's strong macroeconomic fundamentals - robust GDP growth, controlled inflation, managed twin deficits and record foreign reserves - have kept the rupee resilient despite foreign institutional investor (FII) outflows, a report showed on Wednesday.
The Economic Times India uniquely positioned to capture 35-50% of global CIH market: BCG
Sreyssha George, Managing Director & Partner at BCG, says that global capability and innovation hubs’ spend is currently estimated at $265-290 bn and is expected to grow to $390-420 bn by 2027.
The Economic Times Ecommerce firms should respect law of land: Piyush Goyal
Commerce Minister Piyush Goyal reiterated that e-commerce companies must comply with the nation's FDI regulations. Goyal's statement follows recent investigations into alleged violations by major e-commerce platforms. Current regulations permit 100% FDI in the marketplace model, prohibiting foreign investment in inventory-based models.
