AI for India summit: Experts call for stronger R&D from academia and industry; AI adoption growing across sectors

The need to scale up research and development (R&D) across Indian academia and industry was a recurring theme at the ‘AI for India’ summit in Bengaluru, where leading voices in artificial intelligence stressed the urgency of cross-sectoral collaboration to make AI work at scale in India.“This is an opportunity. R&D must step up, and this…

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Buying luxury goods? Handbags, wrist watches, footwear & other items above Rs 10 lakh to now attract 1% TCS

Handbags, wrist watches, footwear and sportswear priced above Rs 10 lakh will now attract a 1% tax collected at source (TCS). In a notification released on April 22, 2025 the income tax department detailed categories which will now be subjected to this TCS.Although TCS doesn’t result in any additional revenue, the move is aimed at…

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China targets India’s mfg sector, delays machinery delivery, pulls iPhone engrs

NEW DELHI: In what has the potential to disturb India’s strong march in manufacturing, tensions with China have seen the neighbouring country delay delivery of critical machinery while ordering the pullout of some of its citizens from Indian factories, including those engaged in engineering and manufacturing jobs at Foxconn, Apple’s contract manufacturer.This comes just as…

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Watch: Florida senator Ileana Garcia collapses mid-speech, surgeon general rushes to her aid

Florida senator Ileana Garcia collapses mid-speech, surgeon general rushes to her aid Florida Senator Ileana Garcia experienced a medical scare during a press conference on Tuesday but quickly recovered thanks to the swift action of Florida Surgeon GeneralJoseph Ladapo, who caught her just as she began to faint on stage.The incident occurred in Miami, where…

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EaseMyTrip posts Rs 8,691.6 crore Gross Merchandise Value in FY25; Hotels & Holidays jump 189% YoY in Q4

NEW DELHI: EaseMyTrip reported strong growth in the fourth quarter of FY25, with Gross Booking Revenue at Rs 2,192.7 crore and operational revenue at Rs 139.5 crore, according to its financial report.For the full year ending March 31, 2025, EaseMyTrip achieved a total Gross Booking Revenue of Rs 8,691.6 crore, whilst operational revenue reached Rs…

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