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OpenAI and Meta Eye AI to Reportedly Form Partnership With Reliance Industries
OpenAI and Meta are reportedly discussing an artificial intelligence (AI) partnership with Indian conglomerate Reliance Industries. As per the report, the San Francisco-based AI firm and the Menlo Park-based social media giant are aiming to expand their AI footprint in the country by using the Mukesh Ambani-led company’s large consumer and enterp...
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How Indian Firms Are Silently Gaining Ground On Global Aerospace Giants
Airbus, Collins Aerospace, Pratt & Whitney, and Rolls-Royce are expanding parts sourcing from India, driving growth in the country's emerging aerospace sector and pushing local firms to elevate their games, industry insiders say.
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Budget 2025: Crypto Industry Seeks Digital Asset Innovation, Simple Tax Structure and More
The Union Budget for 2025 is set to be announced on February 1. Apart from reiterating the need for a revision in crypto tax rates, Indian crypto firms have asked the government to prioritise steps that keep the country in competition with other regions, especially with regard to emerging technologies.
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India’s Web3 Ecosystem Has Over 400 Firms, Karnataka Emerges as Industry Hub: Report
The BWA report has observed that the area of blockchain solutions have emerged as the Web3 vertical with the largest concentration of companies operating within it. Presently, 79 firms have been identified by the BWA for conducting research and development work around the use cases of blockchain technology.
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Reliance's $50 Billion Wipeout Shows Toll of Weak Earnings
Reliance Industries Ltd. has erased almost $50 billion in market capitalization since its peak in July as the most valuable Indian firm struggles with weakening earnings and an economic slowdown.
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India Blockchain Week to Return for Second Edition: All Details
Web3 venture firm Hashed Emergent is bringing back the India Blockchain Week (IBW) for its second edition. As part of this initiative, multiple events have been put in the pipeline for startups and developers to showcase their Web3 protocols. Some of the events include the IBW chain-agnostic Hackathon, IBW Web3 Demo Day, and ETH India Hackathon amo...
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BWA Anticipates Tax Revisions Before Union Budget, Commends Indian Firms Embracing Web3
Ahead of India’s upcoming Union Budget for FY2024-2025, Dilip Chenoy, the chairperson of this Web3 advisory body, said that the industry is ready to be patient and give the government enough time to access the results of imposing crypto taxes. This period of wait however, has concerned the BWA about the exodus of Web3 talent from India.
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Indian Video Games Industry Seeks Distinction From Real Money Games, Sends Policy Suggestions to Centre
A consortium of Indian video games and esports companies have written to the newly formed government, requesting a comprehensive industry-focussed policy, regulatory streamlining and a clear distinction from real money games that are often conflated with video games under the “Online Games” umbrella term.
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"Suggest Ideas": Rajnath Singh To Indian Private Firms In Defence Sector
Defence Minister Rajnath Singh has asked industry leaders in private defence manufacturing and related services to give ideas for ensuring strong growth of the sector.
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LIC Becomes 5th Most-Valued Indian Firm, Reliance Tops List
State-run Life Insurance Corporation has surpassed market value of Rs 7 lakh crore, making it the fifth most-valued company in the country.
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‘Wait is Frustrating’: Indian Crypto Players Fear Losing Web3 Talent, Funding Amid Legal Delays
In conversation with Gadgets 360, Kumar Gaurav, the founder and CEO of Cashaa said that the wait for India to finally get its crypto laws is ‘undeniably frustrating’ for industry players. Indian crypto community members like Gaurav are concerned that the delay in India getting its comprehensive crypto laws could result in required assets flowin...
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Detailed Crypto Laws Would Result in Responsible Industry Use of Blockchain, AI: Indian Web3 Experts
Tech industry players looking to explore blockchain and AI integration with Web3 will get to heave a sigh of relief once the much-awaited crypto rules being framed by India as the G20 president would finally be announced. This is a notion that experts from the Web3 field shared with Gadgets 360 in the backdrop of the recently held G20 Summit in Del...
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Offshore Online Gaming Companies in India Mandated to Register Their Business
The Indian government has mandated offshore online gaming companies operating in the country to register the business locally or appoint a representative to pay tax on funds collected from customers. The move to tax online gaming companies has shocked the nascent $1.5 billion (nearly Rs. 12,430 crore) industry, which is backed by global investors.
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Semiconductor Firms to Get 50 Percent Financial Assistance for Setting Up Manufacturing Unit in India: PM Modi
Technology firms will be given 50 percent financial assistance for setting up semiconductor manufacturing facility the country, Prime Minister Narendra Modi said on Friday, as he announced that his government has rolled out the red carpet for semiconductor industries.
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India's IOC Signs Multi-Billion Dollar LNG Import Deal With UAE Firm
India's top oil firm IOC has signed a USD 7-9 billion deal to import liquefied natural gas (LNG) from the UAE's ADNOC Gas plc for 14 years beginning 2026, the UAE company said.
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OpenAI and Meta Eye AI to Reportedly Form Partnership With Reliance Industries
OpenAI and Meta are reportedly discussing an artificial intelligence (AI) partnership with Indian conglomerate Reliance Industries. As per the report, the San Francisco-based AI firm and the Menlo Park-based social media giant are aiming to expand their AI footprint in the country by using the Mukesh Ambani-led company’s large consumer and enterp...
-
How Indian Firms Are Silently Gaining Ground On Global Aerospace Giants
Airbus, Collins Aerospace, Pratt & Whitney, and Rolls-Royce are expanding parts sourcing from India, driving growth in the country's emerging aerospace sector and pushing local firms to elevate their games, industry insiders say.
-
Budget 2025: Crypto Industry Seeks Digital Asset Innovation, Simple Tax Structure and More
The Union Budget for 2025 is set to be announced on February 1. Apart from reiterating the need for a revision in crypto tax rates, Indian crypto firms have asked the government to prioritise steps that keep the country in competition with other regions, especially with regard to emerging technologies.
-
India’s Web3 Ecosystem Has Over 400 Firms, Karnataka Emerges as Industry Hub: Report
The BWA report has observed that the area of blockchain solutions have emerged as the Web3 vertical with the largest concentration of companies operating within it. Presently, 79 firms have been identified by the BWA for conducting research and development work around the use cases of blockchain technology.
-
Reliance's $50 Billion Wipeout Shows Toll of Weak Earnings
Reliance Industries Ltd. has erased almost $50 billion in market capitalization since its peak in July as the most valuable Indian firm struggles with weakening earnings and an economic slowdown.
-
India Blockchain Week to Return for Second Edition: All Details
Web3 venture firm Hashed Emergent is bringing back the India Blockchain Week (IBW) for its second edition. As part of this initiative, multiple events have been put in the pipeline for startups and developers to showcase their Web3 protocols. Some of the events include the IBW chain-agnostic Hackathon, IBW Web3 Demo Day, and ETH India Hackathon amo...
-
BWA Anticipates Tax Revisions Before Union Budget, Commends Indian Firms Embracing Web3
Ahead of India’s upcoming Union Budget for FY2024-2025, Dilip Chenoy, the chairperson of this Web3 advisory body, said that the industry is ready to be patient and give the government enough time to access the results of imposing crypto taxes. This period of wait however, has concerned the BWA about the exodus of Web3 talent from India.
-
Indian Video Games Industry Seeks Distinction From Real Money Games, Sends Policy Suggestions to Centre
A consortium of Indian video games and esports companies have written to the newly formed government, requesting a comprehensive industry-focussed policy, regulatory streamlining and a clear distinction from real money games that are often conflated with video games under the “Online Games” umbrella term.
-
"Suggest Ideas": Rajnath Singh To Indian Private Firms In Defence Sector
Defence Minister Rajnath Singh has asked industry leaders in private defence manufacturing and related services to give ideas for ensuring strong growth of the sector.
-
LIC Becomes 5th Most-Valued Indian Firm, Reliance Tops List
State-run Life Insurance Corporation has surpassed market value of Rs 7 lakh crore, making it the fifth most-valued company in the country.
-
‘Wait is Frustrating’: Indian Crypto Players Fear Losing Web3 Talent, Funding Amid Legal Delays
In conversation with Gadgets 360, Kumar Gaurav, the founder and CEO of Cashaa said that the wait for India to finally get its crypto laws is ‘undeniably frustrating’ for industry players. Indian crypto community members like Gaurav are concerned that the delay in India getting its comprehensive crypto laws could result in required assets flowin...
-
Detailed Crypto Laws Would Result in Responsible Industry Use of Blockchain, AI: Indian Web3 Experts
Tech industry players looking to explore blockchain and AI integration with Web3 will get to heave a sigh of relief once the much-awaited crypto rules being framed by India as the G20 president would finally be announced. This is a notion that experts from the Web3 field shared with Gadgets 360 in the backdrop of the recently held G20 Summit in Del...
-
Offshore Online Gaming Companies in India Mandated to Register Their Business
The Indian government has mandated offshore online gaming companies operating in the country to register the business locally or appoint a representative to pay tax on funds collected from customers. The move to tax online gaming companies has shocked the nascent $1.5 billion (nearly Rs. 12,430 crore) industry, which is backed by global investors.
-
Semiconductor Firms to Get 50 Percent Financial Assistance for Setting Up Manufacturing Unit in India: PM Modi
Technology firms will be given 50 percent financial assistance for setting up semiconductor manufacturing facility the country, Prime Minister Narendra Modi said on Friday, as he announced that his government has rolled out the red carpet for semiconductor industries.
-
India's IOC Signs Multi-Billion Dollar LNG Import Deal With UAE Firm
India's top oil firm IOC has signed a USD 7-9 billion deal to import liquefied natural gas (LNG) from the UAE's ADNOC Gas plc for 14 years beginning 2026, the UAE company said.
