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IndusInd Bank Shares Plunge 6% as RBI Cuts CEO’s Term to One Year

Concerns over leadership succession and business stability were raised when the RBI only granted CEO Sumant Kathpalia a oneyear extension rather than

Concerns over leadership succession and business stability were raised when the RBI only granted CEO Sumant Kathpalia a oneyear extension rather than the boardapproved threeyear term, causing IndusInd Banks shares to drop nearly 6% to a 19month low. The Nifty 50 indexs largest loser was the stock. According to analysts, the RBIs decision might have been prompted by discontent with the banks performance in earlier circumstances, such as problems with its microfinance portfolio and an increase in nonperforming assets. Even while the consensus 12month objective is still at ₹1,210, indicating a possible 32.8% increase from current levels, at least six brokerages have cut their price forecasts. Read More..

B2B Tech News | 26 days ago          

Ola’s Krutrim and Lenovo to Build India’s Most Advanced AI Model

Indias aspirations for AI have advanced significantly with the development of the 350billionparameter Krutrim 3 model by Olas AI division, Krutrim, in

Indias aspirations for AI have advanced significantly with the development of the 350billionparameter Krutrim 3 model by Olas AI division, Krutrim, in collaboration with Lenovo. With seven to twelve billion parameters, Krutrim 1 and 2 were opensourced. This new model seeks to establish India as a leader in AI worldwide. While CEO Bhavish Aggarwal revealed plans to combine with Lenovo to develop Indias largest supercomputer, Olas CIO Navendu Agarwal highlighted the countrys need for hyperscale infrastructure and a sovereign cloud. With partnerships with Nvidia and DeepSeek as part of its larger AI plan, this action supports Indias drive for technological independence in the face of competition from Chinese and American tech behemoths. Read More..

B2B Tech News | 26 days ago          

Larry Page’s Dynatomics Aims to Revolutionize AIDriven Product Design

Dynatomics, Larry Pages recent firm, optimises product designs using AI for practical manufacturing. The project, headed by Chris Anderson, a former C

Dynatomics, Larry Pages recent firm, optimises product designs using AI for practical manufacturing. The project, headed by Chris Anderson, a former CTO at Kittyhawk, intends to use machine learning to automate design processes. With businesses like Orbital Materials, which creates AIdriven materials for batteries and carbon capture, and PhysicsX, which uses AI simulations for the automotive and aerospace industries, Dynatomics is part of a growing trend in AIassisted production. While Sergey Brin is still working on AI research at Google DeepMind, Page, who left Alphabet in 2019, is placing a new wager on AI. According to a recent internal memo, Brin is arguing for more extended workdays in DeepMinds AI section to speed up development. Read More..

B2B Tech News | 26 days ago          

IndiaAI Mission Turns One New AI Compute, Learning, and Startup Programs Announced

On 7 March, the first anniversary of the IndiaAI Mission, the Indian Ministry of Electronics and IT MeitY unveiled important AI initiatives. With AIKo

On 7 March, the first anniversary of the IndiaAI Mission, the Indian Ministry of Electronics and IT MeitY unveiled important AI initiatives. With AIKosha, a safe repository of AI models and datasets, Union IT Minister Ashwini Vaishnaw unveiled the India AI computing Portal, which provides reasonably priced AI computing, storage, and cloud services. The AI Compute Portal will start with 10,000 GPUs and eventually grow to 18,693 GPUs. Additionally, the government announced iGOTAI, a customised AIpowered learning platform, and the AI Competency Framework for public sector professionals. The IndiaAI FutureSkills Fellowship, new AI Data Labs in tier 2 and tier 3 cities, and a fourmonth AI startup acceleration program in partnership with Station F and HEC Paris were also announced. Read More..

B2B Tech News | 26 days ago          

Elon Musk’s xAI Secures 1M Sq. Ft. Memphis Facility for AI Growth

Elon Musks AI company, xAI, has purchased a onemillionsquarefoot property in Southwest Memphis, Tennessee, to increase its AI infrastructure. With the

Elon Musks AI company, xAI, has purchased a onemillionsquarefoot property in Southwest Memphis, Tennessee, to increase its AI infrastructure. With the goal of housing at least one million GPUs, xAI announced intentions to scale its Colossus supercomputer in December, which was followed by this investment. In light of mounting tensions with CEO Sam Altman, Musk is using the move as part of his strategy to take on AI competitors like OpenAI. According to the Memphis Chamber, Colossus is moving closer to "supercluster" proportions. Although energy use has drawn criticism from environmental groups, xAIs facility features the largest Tesla Megapack deployment for data centres worldwide and a $80 million water recycling plant. Tesla intends to construct a Megapack energy storage facility of comparable capacity in Texas. Read More..

B2B Tech News | 26 days ago          

Microsoft Develops MAI AI Models to Compete with OpenAI

To rival OpenAI and lessen dependency on its longtime partner, Microsoft is creating its own AI reasoning model, known as MAI. Under Mustafa Suleymans

To rival OpenAI and lessen dependency on its longtime partner, Microsoft is creating its own AI reasoning model, known as MAI. Under Mustafa Suleymans leadership, the AI team is testing its trained models in Copilot and has seen them outperform OpenAI and Anthropic in benchmarks. Additionally, Microsoft is considering models from DeepSeek, Meta, and xAI as possible OpenAI substitutes. The corporation wants to diversify its AI strategy for cost reductions and independence, especially with Microsoft 365 Copilot. When solving complicated problems, the MAI models use chainofthought reasoning. Microsoft might make them available to developers later this year as an API, which would signal a change in strategy in the AI competition. OpenAI has not addressed the development in any way. Read More..

B2B Tech News | 26 days ago          

EU and India Target YearEnd Free Trade Agreement, Strengthen Ties

European Commission President Ursula von der Leyen and her team recently travelled to India to improve bilateral ties. They declared their plans to co

European Commission President Ursula von der Leyen and her team recently travelled to India to improve bilateral ties. They declared their plans to complete a free trade agreement FTA and form a defence alliance by the years end. The European Unions strategic decision to broaden its relationships in the face of international difficulties is reflected in this project. Given Indias increasing importance on the global scene, the EU wants to strengthen trade, technological, and security cooperation with the country. This move demonstrates the EUs proactive strategy for establishing new alliances in a shifting geopolitical environment. Read More..

B2B Tech News | 1 months ago          

Spain Outpaces Eurozone, U.S. in Growth—Thanks to ProMigration Policies

Spains proimmigration position is a significant economic driver, as evidenced by its 3% GDP growth in 2024, which outpaced that of the Eurozone and th

Spains proimmigration position is a significant economic driver, as evidenced by its 3% GDP growth in 2024, which outpaced that of the Eurozone and the United States. Since almost all postpandemic population expansion has come from immigration, 13% of the workforce is now foreignborn, supporting sectors including construction, services, and agriculture. According to the Bank of Spain, stability will require 30 million workingage immigrants over 30 years. Even while illegal migration is still a problem, Spains government is encouraging legitimate routes, giving 900,000 undocumented migrants work licenses, and establishing partnerships with African countries. Spain is positioned as a model for using immigration to sustain economic growth and an ageing population, contrasting with the growing antiimmigrant sentiment in Europe. Read More..

B2B Tech News | 1 months ago          



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