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News on Medial
Expect more tech adoption, strategic partnerships in 2025: NASSCOM Chairperson
YourStory
·
9m ago
Medial
The year 2025 is expected to bring increased technology adoption and strategic partnerships as businesses strive to stay relevant in a changing world, according to NASSCOM Chairperson Sindhu Gangadharan. She emphasized the need to view artificial intelligence (AI) as an enabler rather than a threat to jobs, highlighting its potential to amplify skills and boost productivity. Gangadharan stressed the importance of strong partnerships in driving significant changes and meeting challenges. Furthermore, she discussed the growth of AI in India and SAP's plans to invest and hire more talent in the country.
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India-US ties strong; no way around leveraging tech prowess India offers: Nasscom chairperson
Economic Times
·
9m ago
Medial
India and the US are expected to maintain their strong ties in strategic areas of cooperation and technology, according to Sindhu Gangadharan, the new chairperson of IT industry association Nasscom. She expressed confidence in the continued cooperation between the two countries and emphasized India's tech prowess and the importance of leveraging it globally. Gangadharan also highlighted the growing number of Global Capability Centres (GCCs) being set up and expanded in India, reflecting the country's strong presence in the outsourcing industry.
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70% Of start-up founders are embedding artificial intelligence in their solutions
OutlookIndia
·
1y ago
Medial
The article discusses the findings of the Nasscom-Zinnov report on the Indian tech start-up ecosystem in 2023. Despite global challenges, Indian tech start-ups have focused on enhancing their business fundamentals and profitability. Deep tech adoption has become mainstream, with start-ups leveraging it for efficiency and cost reduction. The report also highlights the diversification of start-ups into tier II and III locations and the stability of sectors like Automotive, Industrial, and Manufacturing. Looking ahead to 2024, founders expect continued revenue growth and an increased emphasis on B2B tech start-ups. Deep tech investments and the integration of AI are anticipated to drive innovation.
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Nasscom appoints SAP Labs India MD Sindhu Gangadharan as chairperson
Economic Times
·
1y ago
Medial
Sindhu Gangadharan, the Managing Director of SAP Labs India, has been appointed as the new Chairperson of Nasscom. She will succeed Rajesh Nambiar, who has been named President-designate of the IT industry body. Gangadharan, along with Nambiar and the Nasscom Executive Council, will work towards establishing India as a leading technology ecosystem, focusing on areas such as AI, digital talent, innovation, policy development, and R&D capabilities. Gangadharan, the first woman to lead SAP Labs India, expressed her excitement at shaping India's future in the tech industry.
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India will have 10,000 deep tech startups by 2030
OutlookIndia
·
1y ago
Medial
Ramkumar Narayanan, the Chairperson of Nasscom's Deep Tech Start-Up Council, predicts that India will have 10,000 deep tech startups by 2030. He discusses the challenges faced by these startups, such as the longer gestation period and the need for funding. Nasscom aims to bridge this gap by supporting deep tech startups with market access and policy creation. Narayanan also talks about the potential of genAI (general artificial intelligence) and its impact on job displacement and productivity.
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Zee partners with NASSCOM to propel generative AI startups in India
IndianStartupNews
·
1y ago
Medial
Zee Entertainment Enterprises Ltd. has formed a strategic partnership with NASSCOM to support the Generative AI Foundry program. The initiative aims to foster innovation and growth in the startup ecosystem, particularly in the field of artificial intelligence. ZEE's Technology and Innovation Centre will focus on developing generative AI solutions for the Indian media and entertainment sector. The collaboration aims to integrate advanced AI technologies into the industry, revolutionizing consumer experiences. A recent workshop brought together 14 startups from the NASSCOM program to identify areas of interest and potential partnerships.
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Indian start-ups raised $1.2-b venture debt in 2023: Report
Thehindubusinessline
·
1y ago
Medial
India's venture debt market reached the $1 billion mark in 2023, indicating a 50% increase from the previous year. The total investment, made through approximately 175-190 deals, reflects a compound annual growth rate of 34% from 2017 to 2023. Consumer and fintech sectors are the top sectors for venture debt investments, with fintech leading with over 55% of the total funding. Founders and venture debt firms expect clean tech, consumer, and fintech sectors to raise more venture debt in 2024. The Indian venture debt market shows promising growth and strategic adoption, with expectations of reaching $1.8-2 billion by 2026.
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India's 'AI for All' mantra backed by concrete action: Commerce and IT MoS Jitin Prasada
Economic Times
·
5m ago
Medial
India is championing its 'AI for All' vision through substantial efforts, leading in AI skill penetration and talent concentration, as highlighted by Union Minister Jitin Prasada. He emphasized the importance of research and development to harness India's global skill leadership. Addressing the Nasscom Global Confluence 2025, Prasada noted India's readiness to be a strategic technology partner internationally. The Indian IT sector, with $254 billion in revenue, exemplifies this innovation and resilience, positioning India as a global tech leader.
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Despite challenges, India saw birth of over 950 tech startups last year: Report
Economic Times
·
1y ago
Medial
According to a report by Nasscom and Zinnov, despite challenges such as valuation issues and regulatory changes, India remains the third largest tech startup ecosystem globally. Over 950 tech startups were founded in India last year, with cumulative funding for over 31,000 startups exceeding $70 billion from 2019 to 2023. Despite layoffs, startup founders are prioritising enhancing business fundamentals and driving profitability. Tech startups in tier 2 and 3 cities are also thriving. In 2024, startups expect to focus on revenue growth, optimising expenditure, and incorporating AI solutions.
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Nasscom to launch US CEO Forum in NY to boost India-US tech, innovation ties - The Economic Times
Economic Times
·
1m ago
Medial
Nasscom is launching the US CEO Forum in New York to enhance India-US tech collaboration. The Forum will involve Indian tech CEOs and US stakeholders in strategic discussions on innovation, enterprise, policy, and talent development. With ongoing engagements planned across US tech hubs, it aims to foster growth, co-innovation, and policy alignment. Positioned as a leadership platform, the Forum seeks to strengthen the India-US tech corridor, promoting digital transformation and economic growth.
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Startup news and updates: Daily roundup (May 2, 2025)
YourStory
·
4m ago
Medial
YourStory's May 2, 2025, roundup highlights key industry news: TVS tops April electric two-wheeler sales; Google launches an AI Mode in Search; Apple reports strong Q2 earnings with iPhone sales; Entvin AI and Kaleidofin secure funding; and Thyrocare opens a new lab in Bhagalpur. Collaborative projects include a Transmedia Entertainment City in Andhra Pradesh and Sojitz's biomethane initiative in India. Additionally, strategic appointments and partnerships are announced in the tech and renewable energy sectors.
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