 "LIC allocates Rs 600 crore for a bold digital transformation, aiming for a paperless future amid fierce market competition.")
Life Insurance Corporation of India (LIC) is investing Rs 600 crore in its digital transformation to become fully paperless within two years. At a recent event in Mumbai, Chief Risk Officer Sunder Krishnan shared details about the investment, which includes hiring a system integrator and consultants for various aspects of the transformation. LIC has partnered ...
 "India launches BHASKAR, a groundbreaking digital registry to unite startups, investors, and mentors, transforming the entrepreneurial landscape.")
Commerce and Industry Minister Piyush Goyal is set to launch the Bharat Startup Knowledge Access Registry (BHASKAR) initiative, aimed at transforming India’s startup ecosystem. This platform will act as a central hub connecting startups, investors, mentors, and government bodies, fostering collaboration and resource sharing. BHASKAR will create the largest digital registry for stakeholders in the ...
A recent incident involving Gautam Buddha Nagar District Magistrate Manish Verma has sparked controversy after his social media account was allegedly hacked. The hacker posted derogatory comments about Congress leader Rahul Gandhi, referring to him as “Pappu.” Upon discovering the breach, Verma promptly reported the incident to the police, leading to a filed FIR. He ...
India plans to deploy 5,000 cyber commandos within five years, as announced by Union Home Minister Amit Shah. These specially trained officers will quickly respond to cyber threats and implement preventive measures to enhance national cybersecurity. Shah emphasized that safeguarding the digital landscape is crucial for the country’s growth. During the launch of the Indian ...
 "India’s largest supercomputer, featuring groundbreaking AI, will enhance digital infrastructure following a key India-UAE collaboration.")
Microsoft and G42, backed by Mubadala, are set to build India’s largest supercomputer, capable of performing eight exaflops, or millions of trillion floating-point operations per second. G42 India CEO Manu Jain announced this project, along with a new Hindi language AI model named NANDA, which allows users to communicate in Hindi, English, and Hinglish. This ...
 "Infosys and Proximus forge a strategic partnership, enhancing digital services and security solutions for businesses and residents in Belgium.")
Infosys, a leading IT services firm, has joined forces with Belgium’s Proximus Group to enhance their digital offerings. This strategic partnership aims to create new business opportunities by developing a joint Market approach. By combining Infosys’ digital services with Proximus’ International affiliates’ products—such as Route Mobile’s Communications Platform and Telesign’s Digital Identity solutions—they plan to ...
Union Home Minister Amit Shah emphasized that cybersecurity is crucial for the nation’s progress, calling it a vital part of national security. He stated that cybercrime knows no boundaries, highlighting the need for collaboration among various stakeholders to tackle this growing threat. During the foundation day celebration of the Indian Cyber Crime Coordination Centre (I4C), ...
 "KKR bets on industrial assets and digital infrastructure, predicting a 0 trillion investment surge by 2040 amid evolving markets.")
KKR & Co. has significantly increased its investment in digital infrastructure, focusing on assets like fiber connectivity, data centers, and logistics. According to Raj Agrawal, KKR’s global infrastructure head, industrial assets such as storage facilities are becoming crucial as Fortune 500 companies seek to sell these for better financial stability. The shift towards renewable energy ...
 "Tata Digital narrows losses; Bigbasket thrives with rising revenue, while Tata 1MG turns profitable amidst strategic restructuring.")
In FY24, Bigbasket, India’s leading e-grocery platform, reported a revenue increase of 5.7%, reaching Rs 2,391.83 crore, compared to Rs 2,261.28 crore in FY23. The company also narrowed its losses to Rs 128 crore from Rs 215.21 crore the previous year. Tata Digital, the e-commerce division of Tata Sons, saw its losses shrink to Rs ...
 "In a riveting update at the 47th AGM, Reliance Industries Chairman Mukesh Ambani announced that Reliance Jio has ascended to unparalleled heights, becoming the world’s largest data network while catalyzing India’s transformation into the largest data market globally. With the triumphant completion of its nationwide 5G rollout, the telco now boasts over 130 million 5G users, eyeing massive growth in home broadband services targeting 1 million new customers monthly. As 5G adoption soars, Jio’s strategic position to absorb 200 million 2G users opens new vistas, solidifying its dominance in the digital era.")
Reliance Jio has become the world’s largest data company, handling 8% of the global internet traffic according to Chairman Mukesh Ambani. This achievement highlights Jio’s rapid growth and its pivotal role in enhancing digital connectivity on a global scale. Read more to find out how Jio is transforming the data landscape and what this means ...
