News

RBI, European Central Bank sign revised agreement on banking; Important to sustain global cooperation, says ECB’s Lagarde

The Reserve Bank of India (RBI) and the European Central Bank (ECB) on Sunday signed a Memorandum of Understanding (MoU) on cooperation in the field of central banking.

The MoU, which updates the previous MoU of 2015, provides a framework for a regular exchange of information, policy dialogue and technical cooperation between the two institutions in areas of mutual interest in the field of central banking.

RBI, European Central Bank sign revised agreement on banking; Important to sustain global cooperation, says ECB’s Lagarde Read More »

L&T’s Lakshya 31 to ride on core growth and technology-led new businesses

Key growth drivers during the Lakshya 26 period included the merger of IT firms LTI and Mindtree, the transformation of L&T Finance into a retail-focused lender, exits from non-core businesses such as hydel projects, Hyderabad Metro and Nabha Power, and entry into emerging sectors such as green energy, data centres and semiconductor design.

L&T’s Lakshya 31 to ride on core growth and technology-led new businesses Read More »

India roundup: India accelerates semiconductor and display ambitions with new approvals, AI infrastructure expansion

India is advancing its electronics and semiconductor manufacturing strategy through new approvals for semiconductor and Mini/Micro LED projects, while companies including Tata Electronics and Yotta Data Services expand investments tied to chips, AI infrastructure, and data centers. The developments reflect India’s broader push to become a larger global sourcing base for semiconductors, displays, automotive electronics, and AI-related manufacturing amid ongoing supply chain diversification.

India roundup: India accelerates semiconductor and display ambitions with new approvals, AI infrastructure expansion Read More »

Wipro to PeopleStrong: Employers reveal what’s actually slowing AI adoption

According to Sanjeev Kumar Gupta, CEO of the Karnataka Digital Economy Mission, Karnataka currently contributes between 38 and 40 per cent of India’s IT software exports and hosts more than 20,000 DPIIT-registered startups.

The state is also home to:

• More than 400 GCCs and Fortune 500 R&D centres

• 54 unicorns

• Nearly half of India’s AI and semiconductor talent

• A planned $20 billion quantum economy initiative

Gupta said the next challenge lies in building inclusive growth beyond Bengaluru.“Responsible innovation ultimately means ensuring technology solves real-world challenges,” he said.The state’s focus is now expanding towards regional talent pipelines, deep-tech acceleration and broader access to innovation infrastructure across emerging clusters.

Wipro to PeopleStrong: Employers reveal what’s actually slowing AI adoption Read More »

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