Press Release

Uber CEO Dara Khosrowshahi was on India tour till yesterday and as earlier we reported that during his visit he will meet Indian government officials, regulators and company employees. Now the latest news is coming that Khosrowshahi had a meeting with Jayant Sinha, who's India’s Minister of State...
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China-based tech giant Huawei has extended its artificial intelligence (AI) interests into the realm of driverless vehicles, announcing on Thursday that it has used an AI-powered smartphone to drive a car, reports BGR.Under its RoadReader project, Huawei has unveiled a technology that uses AI-enabled smartphone to drive a...

China’s Alibaba group is in talks to buy a minority stake in Sequoia Capital-backed Dailyhunt (formerly Newhunt), a news aggregator and e-bookstore, reported Livemint, citing two people aware of the development.Alibaba has already proposed a valuation close to $500 million for Dailyhunt. The talks are, however, not yet...

According to a report, nearly 50% of Indian women drop out of the corporate employment pipeline between junior and mid-levels, compared to the average of 29% across Asia. This is because of the very fact that Indian women usually marry earlier than their Asian counterparts, and heavy care-giving...
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Prime Minister Narendra Modi has launched the Wadhwani Institute for Artificial Intelligence (Wadhwani AI) in Mumbai on Monday, which is said to be the first research institute in India that is dedicated towards finding artificial intelligence (AI) solutions for social good, reported Economic Times.The project will not just...

Auto major Mahindra & Mahindra Ltd will be investing about $1 million (~₹ 6-Crore) in Mumbai-based connected car IoT-device making startup Carsense (formerly Carnot) for 22.9% stake in Carnot Technologies Pvt Ltd, the parent company of brand name Carsense.The funds will used by the startup to bolster its product...

To promote khadi and re-skill the state's artisans in modern designs and technologies, Yogi Adityanath-led Uttar Pradesh state government has signed a Memorandum of Understanding (MoU) with Amazon India to facilitate online selling of Khadi products manufactured in the state across the country.As part of an MoU, Amazon India...
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Last October, an IBM study report warned India that despite talents and tools, the country is still unprepared to protect itself from a big cyberattack.Within four months of this IBM warning report, cybercriminals have managed to hack and transferred US$2 million from India’s City Union Bank through three...

Gurgaon headquartered online grocery startup Grofers is in talks to raise $60-65 million from existing investors Softbank and Tiger Global. The possible funding round could see the valuation of the Grofers drop by over 40%, reported LiveMint, citing two people aware of the development.Grofers' early investor Sequoia Capital...

Future of India wil definitely be bright in coming days, as far as adoption of Artificial Intelligence (AI) kind of new-age technologies is concerned. To recall, few days back Maharashtra govt. announced to bring India's first artificial intelligence centre in Mumbai, followed by announcement made by tech...