File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump on Friday claimed that the American economy was “soaring”, pointing to record stock market performance, rising exports, increased investment and tax cuts as signs that the country had entered a new period of economic growth.In a post on his Truth Social platform,…
ToneTag eKosha to convert UPI soundboxes into banking touch points MUMBAI: Bengaluru-based fintech ToneTag has launched a tech stack that allows shopkeepers to use their UPI soundboxes for conversational banking without requiring the tech savviness needed for mobile or internet banking. ToneTag’s speciality is enabling payments using sound-based contactless data transfer without a network, the…
When will state-run oil marketing companies like Indian Oil Corporation, Hindustan Petroleum, and Bharat Petroleum cut rates? (AI image) Global crude oil prices have crashed to a four month low and are now hovering around the pre-war levels. From around $120 per barrel to near $70 per barrel – the crash has been driven by…
CHENNAI: Cyberattacks on two major Indian manufacturing facilities recently have highlighted growing cyber risks facing India’s factory floors once again.Bajaj Auto and one of its subsidiaries reported a ransomware attack that affected parts of their IT systems on June 23, while Tata Electronics disclosed a cyber breach a day earlier. Both companies said they activated…
Representative image (ANI) NEW DELHI: For many Indian consumers, owning an iPhone remains a status symbol. So, it would be easy to assume that Apple dominates smartphone purchases made through easy monthly instalments. The reality, however, is quite different.Samsung is the country’s leading smartphone brand in terms of devices sold through financing, followed by Vivo…
Finance minister Nirmala Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman on Friday described the middle class as the growth engine of India and said nearly 500 cities are poised to emerge as the country’s next centres of economic activity.Participating in a panel discussion on ‘How to promote the rise of a new middle class’ at…
BENGALURU: German software major SAP is tightening hiring, travel and third-party spending as it steps up investments in artificial intelligence, according to an internal email sent to employees.In the email, SAP said the rapid pace of AI adoption is driving significant investments in AI products, strategic acquisitions and the infrastructure needed to support AI workloads….
NEW DELHI: Commerce and industry minister Piyush Goyal on Friday urged states to identify products that are currently imported but can be manufactured competitively in India.He said such efforts would not only reduce import dependence and save foreign exchange but also strengthen domestic supply chains and reduce vulnerabilities arising from excessive dependence on foreign suppliers.This…
Representative image (AP) BENGALURU: HCLTech shares rose nearly 6% on the BSE on Friday after the IT firm announced a $1.1 billion mega deal with a Europe-based Fortune Global 50 enterprise, which people in the know told TOI is Mercedes-Benz. The agreement is among the largest AI-led deals announced by an Indian IT firm this…
BENGALURU: India’s AI data-centre boom is creating an unexpected winner: engineers from mechanical, electrical and industrial backgrounds. As companies race to build energy-intensive AI infrastructure, mechanical, electrical and cooling engineers-roles long overshadowed by software jobs-are back in demand, commanding hefty salaries and opening a new career path for industrial talent.Companies actively hiring span the full…
