Author: NNI Editor
Adopting AI at scale is “even harder in the enterprise” world, Mr. Nilekani said [File] | Photo Credit: REUTERS Artificial intelligence is “turning out to be far more difficult than we thought to actually make work at scale and useful to everyone,” Infosys founder Nandan Nilekani said on Friday. For the technology to truly work, the “cost per inference” should be as low as ₹1, he said, referring to a computing parameter that is only that inexpensive for AI systems with a small number of parameters. Adopting AI at scale is “even harder in the enterprise” world, Mr. Nilekani said, as…
External Affairs Minister S. Jaishankar speaks during the Global Technology Summit, in New Delhi. Courtesy: X/@DrSJaishankar The United States’ recent tariffs have “focused our minds on the need for correcting a certain skewed nature of our openness to the global economy,” External Affairs Minister S. Jaishankar said on Friday (April 11, 2025), calling for growing partnerships with Western economies in engaging in free trade. “Many of us have argued that our complementary partners are in the West, where real growth is possible, where they’re more open, with market economies, contractual underpinnings, and are much more competitive than the economies to our…
File picture of Union Commerce and Industry Minister Piyush Goyal | Photo Credit: ANI India is in continuous dialogue with the U.S. on the proposed bilateral trade agreement (BTA), and the government will safeguard the nation’s and public interests as it is never advisable to take any step in undue haste, Commerce and Industry Minister Piyush Goyal said on Friday (April 11, 2025). He said all the country’s trade talks are progressing well in the spirit of ‘India first’ and to ensure the pathway to Viksit Bharat 2047. “I have said it many times before that we do not negotiate…
The significant decline indicates a shift in investor sentiment, with interest moving away from niche sectoral bets towards more diversified and flexible investment strategies. Representative file image. | Photo Credit: Getty Images/iStockphoto Inflow of equity mutual funds (MFs) dropped 14% to ₹25,082 crore in March amid continued market volatility.This was the third consecutive month of decline in inflow in equity funds. The latest fund infusion by investors also marks the 49th consecutive month of net inflows into the segment.According to data released by Association of Mutual Funds in India (Amfi) on Friday (April 11, 2025), equity-oriented MFs saw an inflow of…
The pacts “represent non-essential spending on third party consultants” for services Pentagon employees can perform, Defense Secretary Hegseth said in the April 10 memo released by the Pentagon. File | Photo Credit: Reuters U.S. Defense Secretary Pete Hegseth has ordered the termination of IT services contracts, totally valued at $5.1 billion, with companies such as Accenture and Deloitte, a memo showed on Thursday (April 11, 2025).The pacts “represent non-essential spending on third party consultants” for services Pentagon employees can perform, Mr. Hegseth said in the April 10 memo released by the Pentagon.“These terminations represent $5.1 billion in wasteful spending…and nearly $4…
Honda has identified a concern in the internal PCB structure of the motorcycle’s headlight. File | Photo Credit: X/@honda2wheelerin Honda Motorcycle & Scooter India (HMSI) is recalling certain units of CB300R motorcycle to rectify an issue with headlight.“Aligned with the global market action, the company has announced a voluntary recall for CB300R motorcycle, manufactured between 2018 to 2020,” the two-wheeler major said in a statement. “The company has identified a concern in the internal PCB structure of the motorcycle’s headlight. The core wires could suffer a fatigue break at the root of terminals, resulting in the headlight flickering or shutting…
“The smelting that will begin in the coming weeks at the facility, known as Kutch Copper, is part of a first phase, and the company has environmental approvals to increase capacity,” Felipe Williams said. File | Photo Credit: Reuters “Adani Enterprises Limited is preparing to start a major smelter in India in the next four weeks that will refine copper concentrate,” the company’s head of metals, Felipe Williams, said on Thursday (April 10, 2025.)“In the next four weeks, we’re starting the largest metallurgical complex of copper and other metals in the world,” he said at a conference hosted by the…
From the Sensex firms, Tata Motors, Sun Pharma, Tata Steel, HCL Tech, Tech Mahindra, Bajaj Finserv, Adani Ports and Reliance Industries were among the biggest gainers. File | Photo Credit: Reuters Benchmark equity indices surged in early trade on Friday (April 11, 2025) after the U.S. announced suspension of additional tariffs on India for 90 days until July 9 this year.The 30-share BSE benchmark Sensex jumped 1,210.68 points to 75,057.83 in early trade. The NSE Nifty surged 388.35 points to 22,787.50.The U.S. has announced suspension of additional tariffs on India for 90 days until July 9 this year, according to…
Star Air would upgrade its Kalaburagi-Bengaluru flight service from thrice weekly to daily effective April 16, 2025. | Photo Credit: ARUN KULKARNI Following the visit of Shashikant Yakkarnall, Regional Sales Manager (South) of Star Air, to the office of the Kalyana Karnataka Chamber of Commerce and Industry (KKCCI) on April 9, the KKCCI president Sharanabasappa M. Pappa and secretary Shivaraj V. Inginshetty announced that the company would upgrade its Kalaburagi-Bengaluru flight service from thrice weekly to daily effective April 16.According to the office-bearers, the decision by the airline was a significant move in boosting regional air connectivity and, thus, trade…
In the domestic equity market, the 30-share BSE Sensex rose sharply by 1,204.02 points, or 1.63%, to 75,051.17, while the Nifty went up 385.25 points, or 1.72%, to 22,784.40. File | Photo Credit: V.V. Krishnan The rupee rose sharply by 51 paise against the U.S. dollar to 86.17 in early trade on Friday (April 11, 2025) amid a strong opening in the domestic equity markets, a weakening greenback, and decline in oil prices.The rise in the local unit comes a day after U.S. President Donald Trump suspended the additional 26% tariffs on India till July 9, 2025.At the interbank foreign…