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TCS, ITI bag ₹15,700 crore advance orders for 1 lakh BSNL 4G sites

Bharat Sanchar Nigam Ltd. (BSNL) has issued advance purchase orders worth ₹15,700 crore to Tata Consultancy Services and ITI Ltd for 100,000 4G sites. The announcement ends months of speculation around the deal, where TCS was tipped to be the front runner for the contract. The deal has been in the works for many months. ...

IBM announces to invest $100 million to develop 100,000-Qubit Quantum-Centric Supercomputer

IBM announced a 10-year, $100 million initiative with the University of Tokyo and the University of Chicago to build a quantum-centric supercomputer powered by 100,000 qubits. ...

Instagram to release Twitter competitor in summer

Instagram is to release a text-based app that will compete with Twitter and may debut as soon as June. According to a report, the company is testing the product with influencers and some creators. Meta has been contacting talent...

NCLT dismisses insolvency plea by IDBI Bank against Zee Entertainment

The National Company Law Tribunal (NCLT) has dismissed an insolvency plea filed by IDBI Bank against Zee Entertainment Enterprises Ltd, thus removing a hurdle before Zee's proposed merger with Sony. IDBI Bank in December moved the tribunal seeking insolvency proceedings to recover Rs 149.60 crore. ...

Tesla focusing seriously on setting up Production, Innovation Base in India

Minister of state for IT, Rajeev Chandrasekhar said Tesla is "serious" about its plans to establish a manufacturing base in India. Senior executives of the electric vehicle maker held talks with Indian officials this week on various topics including incentives for car and battery manufacturing, as Tesla looks afresh at entering the Indian market....

Japan seriously thinking to accept UPI Payment System of India: Report

Japan is seriously thinking of joining the UPI payment system of India to facilitate cross-border transactions between people in both the countries. ...

Blackstone Acquires International Gemological Institute (IGI)

Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone (“Blackstone”) have acquired International Gemological Institute (“IGI”) from Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. (SHSE:600655), a subsidiary of Fosun, and Roland Lorie, who belongs to the founding family. ...

HPE Aruba introduces product innovations to help IT teams simplify network management

Hewlett Packard Enterprise has introduced product innovations to help enterprise IT teams simplify network management processes and improve operational agility with the next generation...

Airtel with Secure Meters to deploy 1.3 million IoT powered smart meters in Bihar

Bharti Airtel has announced its partnership with Secure Meters for deploying Narrow Band (NB-IoT) services that will power 1.3 million homes in Bihar through a smart meter solution. This deployment will be India’s first NB-IoT solution on a narrow band with a fall-back option that will work on 2G and 4G and ensure real-time connectivity and uninterrupted transfer of critical data....

Microsoft may bring its own AI chips to compete with Nvidia’s

With an aim to reduce their dependence on chip maker Nvidia and avoid high costs, Microsoft is reportedly developing its own AI chips to train large language models. Since 2019, Microsoft has been working on developing chips in secrecy, which are now being tested by both Microsoft and OpenAI employees to evaluate their performance for the latest large language models, such as GPT-4. ...