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Parallel Web Systems Inc., a cloud platform designed to assist artificial intelligence systems in carrying out extensive web research, was introduced by former Twitter CEO Parag Agrawal. After taking over Twitter (now known as X) in 2022, billionaire Elon Musk fired Agrawal. Parallel Web Systems: The AI Startup Redefining Research
In an X post, the minister stated that five assembly, testing, marking, and packaging units, one fab, and six semiconductor units are in varying phases of planning, building, and operation. Last week, four more were approved: three ATMP, including the most advanced packaging unit, and one silicon carbide fab. The
According to the news portal Times of India, Google, a multinational computer giant, is preparing to resume in-person interviews after Sundar Pichai, the company's CEO, said that artificial intelligence (AI) had rendered virtual recruiting unreliable. Sundar Pichai on AI’s Impact on Virtual Hiring According to Pichai, Google
An expert group at the Reserve Bank of India has been looking for a comprehensive AI policy framework for the financial sector in light of the growing prevalence of AI-led innovation across many industries. Such a framework would offer adaptable, future-focused direction on AI innovation, adoption, and risk reduction in
Users using UPI might want to monitor any updates to the National Payments Corporation of India's (NPCI) UPI payment regulations. Peer-to-peer (P2P) transactions, one of the most popular UPI features, are reportedly going to be eliminated by the NPCI. Sending a request for money to a UPI account
On August 13, Swedish retailer IKEA India announced the opening of its first location in Delhi, at the Pacific Mall in Tagore Garden. With more than 2,000 products on display and about 800 available for immediate purchase, the 15,000-square-foot store brings the IKEA experience closer to households in
Accenture and Qatar Airways are collaborating to use artificial intelligence (AI) technology to transform the aviation sector. The objectives of this strategic alliance are to improve overall airline group performance, maximise operational efficiency, and elevate the customer experience. Qatar Airways and Accenture Launch AI Skyways to Transform Aviation In order
The National Payments Corporation of India (NPCI)'s worldwide card payment network, RuPay, has established a one-year strategic alliance with BookMyShow, an entertainment company, to introduce the "Live Events Passport". What is the RuPay–BookMyShow Live Events Passport? For RuPay users throughout India, the programme seeks to
The majority of the suggestions made by the Parliamentary Select Committee, which was led by BJP MP Baijayant Panda, were incorporated into the Revised Income Tax Bill 2025, which Union Finance Minister Nirmala Sitharaman introduced in the Lok Sabha on August 11, 2025. Background of the Revised Bill The revised
On August 11, 2025, Tesla formally opened its second dealership in India at Worldmark 3, Aerocity, New Delhi. The well-liked Model Y electric SUV, which is available in two versions—Rear-Wheel Drive (RWD) and Long Range RWD—will be on display at the new Tesla dealership in Delhi. This development
German TikTok workers have organised fresh strikes in protest of widespread layoffs in the company's safety and trust division. As part of a broader strategy the firm has been implementing across offices worldwide, the social media giant has announced intentions to dismantle its entire Berlin moderation section, which
Microsoft has unveiled Copilot 3D, an AI-powered feature that has the ability to convert standard 2D images into 3D models, just one day after the GPT-5-powered Smart Mode was implemented in Copilot. The technology giant claims that Copilot 3D is "designed to make 3D creations fast, accessible, and intuitive.
According to an insider who spoke to the BBC, chip giants Nvidia and AMD have agreed to give the US government 15% of their sales of semiconductors in China. The contract is a component of an agreement to obtain export licences to the second-largest economy in the world. Financial Impact
According to Pemmasani Chandra Sekhar, Minister of State for Communications, Elon Musk's Starlink satellite internet service will store its network data, traffic, and other information locally in India. "Security conditions, among other things, include the establishment of earth station gateway(s) in India for providing satellite-based communication
All of Reliance Retail's investments in the now-defunct hyperlocal delivery business Dunzo have been formally wiped off. The conglomerate's 78,923 equity shares of Dunzo, which were internally valued at INR 1,645 Cr in FY24, were worth nothing during the fiscal year under review, according
The widespread UPI outage on 7 August was attributed by the National Payments Corporation of India (NPCI) to internal technical issue at a "few" partner banks. The payments organisation stated that the problem has been resolved and that the NPCI systems were "functioning perfectly" in a
A harsh 100% tariff on imported computer chips and semiconductors was announced by US President Donald Trump on 6 August. This action may result in increased costs for tech-driven goods, including appliances, autos, and electronics. As he and Apple CEO Tim Cook spoke at the Oval Office, Trump declared, "
The RBI's in-principle approval of AU Small Finance Bank's conversion from a Small Finance Bank to a Universal Bank caused its shares to soar by more than 7% on 8 August. In the first trade, shares of AU Small Finance Bank surged up to 7.52%
The CEO of the US chipmaker Intel has been urged by President Donald Trump to step down "immediately" after being accused of having problematic ties to China. He said that CEO Lip-Bu Tan was "highly conflicted" in a social media post, seemingly alluding to Mr Tan&
A tax demand and penalty order totalling INR 1.34 Cr for the fiscal year 2021–2022 has been issued to Eternal, a food delivery and rapid commerce company. Tax Order Issued by Lucknow Authorities According to a stock exchange filing by the firm, which owns Zomato and Blinkit, the
Adani Power announced on 7 August that it had obtained a Letter of Intent (LoI) to invest $3 billion in the development and operation of a 2,400 MW greenfield thermal power project in Bihar. 2,400 MW Thermal Project to Supply Power to Bihar Utilities North Bihar Power Distribution
Former Google executive Mo Gawdat issued a warning on the Diary of a CEO podcast, stating that middle-class livelihoods would soon be destroyed by artificial intelligence (AI). He predicted that automation driven by AI would end all occupations, from podcasters to software engineers and CEOs, and that the disruption would
TCS has announced a salary hike for approximately 80% of its employees, primarily from fresher to mid-level roles, starting September 1, 2025. This comes amid a challenging business climate and a planned layoff of around 12,000 senior staff.
According to reports, the Maharashtra State Road Transport Corporation (MSRTC) will introduce a passenger app that is based on an aggregator and will provide transport services on a single platform. One App, Multiple Rides: Buses, Autos, Taxis & E-Buses According to PTI, the app would let users schedule rides for