As India marches closer to the status of a $4 trillion economy and the world’s fourth largest, a crucial question emerges: how do we equip ourselves for the road ahead? For India to wear the crown of a developed nation, we require 10x growth targeting the $40 trillion mark. It is not just growth, but … Read more
In an interview on the sidelines of the Google I/O Connect held in Bengaluru on Wednesday, Ajjarapu reasoned that with its largest mobile-first population, micro-payment and digital payment models, a booming startup and developer ecosystem, and diverse language landscape, “India is uniquely positioned to drive the next generation of AI innovation.” In India, Google works … Read more
Deepak Shenoy, the founder and CEO of Capitalmind, has cautioned investors about the current stock market movements. In a post late last night on social media site X (formerly known as Twitter), the market veteran said that anyone who has been an investor for more than five years “knows that many stocks are wildly overvalued”. … Read more
On the one hand, the government aims to use the platform to “democratise” AI by not allowing any single entity to dictate terms while providing AI-as-a-service to its citizens, institutions and companies to build products that will help society in areas such as agriculture, healthcare, and education. On the other hand, the India AI stack … Read more
Union Budget 2024: Industry leaders requested a host of considerations in the upcoming full Union Budget 2024 during their pre-Budget meeting with Finance Minister Nirmala Sitharaman on June 20. Expectations listed by India Inc. during the two-hour interaction include a reduction in the income tax burden for the common man, an increase in capital expenditure, … Read more
Union Budget 2024: The Prime Minister Narendra Modi-led government is contemplating measures worth over ₹50,000 crore ($6 billion) to boost consumption in India’s upcoming Union Budget. This includes potential tax cuts for lower income individuals, marking the first such cuts in seven years, sources told Bloomberg. Finance Ministry officials are evaluating proposals to reduce taxes … Read more
I am based in the UAE and have sold mutual funds and listed shares over the past year with gains of about ₹16 lakh. I have obtained TRC (taxation residency certificate) from the UAE tax authorities. TDS (tax deducted at source) has been deducted on both sales. An NRI (non-resident Indian) friend told me that … Read more
Union Budget 2024: The Union Budget 2024 will likely be presented by Finance Minister Nirmala Sitharaman in the Parliament on July 22, News18 reported, citing government sources. The Economic Survey document is likely to be released on July 3, according to the report. This will be the full Union Budget announcement by the government. An … Read more
India has emerged as the second-largest initial public offerings (IPO) market. With the election results announced, the continuation of existing policies is highly anticipated, which is expected to further fuel the IPO boom. “India has become the 2nd largest IPO market. With election results being out, the continuation of existing policies is highly expected which … Read more
Notably, 72% of AI employees are proactively bringing their own AI solutions to work, rather than relying solely on company-provided resources to enhance productivity. In comparison, the global average for AI workers embracing Bring Your Own Artificial Intelligence (BYOAI) stands at 78%. ‘72% Indian AI users bringing their own AI tools to work’ “While … Read more