News Updates - KDEM - Technology Enabler

India to surpass US to become world’s 2nd largest economy by 2075: Goldman Sachs – Live Mint

Meanwhile, NasscomIndia s nongovernmental trade association said technology industry revenue of the country is expected to increase by Rs245 billion by the end of 2023. That growth will come from across the IT, business process management and software product streams, Nasscom s report said.

July 11, 2023

Hyderabadbased CtrlS forays into Southeast Asia, partners with Thailand s EECO – Tech Circle

At a time when the digitalization across Thailand, deployment of 5G, and improved connectivity with highly efficient submarine cables with countries such as USA, China, Japan, Singapore and Taiwan is making the country an attractive hub for digital infrastructure.

July 11, 2023

How Cloudbased Technology Is Transforming the Insurance Industry – Express Computer

A recent NASSCOM report states that the global insurance technology market is expected to reach from Rs10 billion to Rs14 billion by 2025. By leveraging cuttingedge expertise, businesses can embrace this digital revolution, revolutionise their operations, and unlock limitless growth possibilities.

July 11, 2023

Expenses On IPOs Be Given Input Credit In GST: ASSOCHAM Ahead Of GST Council Meet – Business World

Ahead of the meeting of the GST Council, ASSOCHAM has made a strong case for making GST paid on expenses on the Initial Public Offerings (IPOs) eligible for the input tax credit, stating such an option is permissible under the GST Act.

July 11, 2023

Emerging data science opportunities in the age of AI – The Economic Times

But with the emergence of generative AI and its many remarkable capabilities, questions are again emerging today about what it means for those looking for careers in this area. Nasscom said in a recent report that in India, the investments for generative AI grew by 12X yearoveryear in 2022.

July 11, 2023

DaveAI unveils its Virtual Avatar Generative AI pipeline – Live Mint

DaveAI, a Nasscom Deeptech startup and an Emerge 50 winner, is an Intel Open Alliance partner and has R&D consortium with some of the world’s leading academic labs such as IIT Guwahati, KTH Stockholm and IIIT Hyderabad.

July 11, 2023

Cybersecurity in an Ever Evolving Digital Landscape – Timestech

Artificial Intelligence and Machine Learning in Cybersecurity These sophisticated tools can analyze a large number of data scripts in a matter of minutes enabling organizations to act swiftly in case of an attack.

July 11, 2023

Among large states, Gujarat has highest proportion of women in managerial positions – Times of India

Chintan Thaker, chairman of Assocham Gujarat State Council, said the growth of the service sector, primarily IT and ITES along with the textiles sector, has spurred the increase of womens participation not just at managerial levels, but at all levels in companies.

July 11, 2023

Window Clears 11 Projects – Tathya

The approved projects spread across diverse sectors like Metal Downstream and Ancillary, Chemicals, Food Processing, Agro Processing, Plastics, Textiles Apparel, IT & ESDM, and Renewable Energy.

July 11, 2023

Vedanta-Foxconn Deal: A Timeline Of Events Until The Fall Out – Republic World

The facility aimed at making India the leader in electronic system design and manufacturing (ESDM). This was also done in line with the Gujarat Semiconductor Policy 202227 for providing incentives to companies involved in semiconductor manufacturing.

July 11, 2023

Odisha approves 11 industrial projects worth Rs 3,266 crore investment – The Print

The projects are spread across diverse sectors such as metal downstream and ancillary, chemicals, food processing, agro processing, plastics, textiles apparel, IT & ESDM, and renewable energy.

July 11, 2023

Foxconn, Vedanta Pull the Plug on Semiconductor JV – The Economic Times – Delhi

Vedanta and Foxconn terminated their joint venture to make semiconductors in India by “mutual agreement” to “explore more diverse development opportunities,” the Taiwanese component maker said Monday.

July 11, 2023

Foxconn, Vedanta Pull the Plug on Semiconductor JV – The Economic Times – Mumbai

July 11, 2023

Addressing data security challenges in the semiconductor industry – Times of India

The industry stakeholders include inventors, chip designers, companies that set up fabrication units and companies that manufacture chips using the fabrication units. These stakeholders could be located across different countries making secure collaboration and flow of data challenging.

July 11, 2023

Leaders Speak | Here’s how hybrid campuses and skillsfirst enterprises are paving the way for a talentrich India – CNBC TV18

The skills landscape is transforming as more working professionals and college students go online to build jobrelevant skills. Campuses are turning hybrid, while enterprises are revitalising their talent strategy with a skillsfirst approach.

July 11, 2023

How GCCs stole the thunder from IT firms – Live Mint

India has some of the best engineering talent in the world, which is why we plan to expand here, going forward, Ivan Zhao, chief executive officer (CEO) of the company, told Mint on 18 April.

July 11, 2023

Canada unveils its firstever Tech Talent Strategy – The Economic Times

This was designed to help Canadian employers seek quick access to highly skilled foreign talent. Processing time for this work permit are back to normal processing times from before the pandemic.

July 11, 2023

Regulatory framework for large startups soon – Live Mint

The corporate affairs ministry will examine the need for a new regulatory regime for large startups that have grown beyond a certain size to ensure their governance systems become more robust without compromising on ease of doing business, a person familiar with the development said.

July 11, 2023

Karnataka’s Propel to help startups pitch their solutions to tech firms, government departments – The Economic Times

Karnataka is gearing up to launch an online platform called Propel to help startups , supported under the government s startup policy, in offering their innovative solutions to government departments, as well as interested private companies.

July 11, 2023

ISRO’s talent base propels budding spacetech startups – The Economic Times

Spacetech startups such as GalaxEye are increasingly relying on the ISRO for hiring grey-haired talent, both on full-time and consultant roles, given the experience and contextual understanding that the deeptech category requires.

July 11, 2023

India to Push Global Green Pact at G20 – The Economic Times – Mumbai

The third G20 sherpa meeting in Hampi, Karnataka over July 13-16 will discuss the contours of the draft declaration for the Leaders’ Summit, said a person familiar with the development. Prime Minister Narendra Modi had detailed the key priorities for India’s G20 presidency, and the effort would be to ensure deliverables in these areas, the person said.

July 11, 2023