Indian IT companies are set to benefit from a resurgence in discretionary technology spending, which is expected to lead to incremental revenue growth. After a prolonged downturn, demand is picking up, driven by easing macroeconomic factors such as rate cuts and the new U.S. administration's policies. Key IT players like Tata Consultancy Services (TCS), Infosys, Wipro, and HCLTech have seen a positive shift in discretionary spending across sectors, including BFSI and retail.

After five years, Andhra Pradesh is finally making a strong appearance at the World Economic Forum in Davos. Chief Minister Chandrababu Naidu and IT Minister Lokesh are taking center stage at the AP Pavilion, creating a buzz with high-level meetings and discussions on global investments. One of the highlights of CM Naidu’s visit was his meeting with Bill Gates, where they explored investment opportunities in Andhra Pradesh. This was followed by a remarkable moment when Singapo

At the World Economic Forum in Davos, Nara Lokesh, the Information Technology and Human Resource Development Minister of Andhra Pradesh, discussed the state's progressive approach to integrating artificial intelligence (AI) in key sectors including governance, education, and healthcare. Lokesh highlighted Andhra Pradesh's real-time governance model and emphasized how AI could serve as a game-changer, particularly for students, women, and farmers, promoting inclusive development.

Shreyas Iyer, the captain of Kolkata Knight Riders (KKR) who led the team to victory in IPL 2024, has opened up about not being retained by the franchise for the upcoming season. In a candid interview, Iyer revealed that the lack of communication from the Shah Rukh Khan-owned team left him perplexed, making him uncertain about his future with KKR. He mentioned that despite winning the IPL title, there were no concrete talks regarding retention until just a week before the retention deadline,

Gavaskar's Take on Samson's Omission Legendary Indian cricketer Sunil Gavaskar has expressed his thoughts on the exclusion of wicketkeeper-batter Sanju Samson from India’s squad for the upcoming Champions Trophy 2024. Despite a stellar record and calls for his inclusion, Samson was left out of the 15-man squad, with KL Rahul and Rishabh Pant being preferred as the designated wicketkeepers. The omission has led to widespread criticism from fans and experts

Chandrababu Naidu, the Chief Minister of Andhra Pradesh, is gearing up for his highly anticipated trip to Switzerland to participate in the prestigious World Economic Forum (WEF) Summit in Davos. This business-focused event is seen as an excellent opportunity to attract significant investments to the state. In a strategic move ahead of his trip, Naidu has successfully poached a key investment body executive from the neighbori

In a significant development for the Visakhapatnam Steel Plant (Vizag Steel), the Union Government has announced a Rs 11,440 crore financial package to revive the struggling plant. This decision, approved by the Cabinet Committee on Economic Affairs (CCEA) under the leadership of Prime Minister Narendra Modi, marks a critical step towards revitalizing the steel plant that has been facing severe financial chal

Impact of China’s Export Restrictions on Indian Manufacturing: India’s manufacturing industry is facing significant disruptions due to China’s export restrictions, which are part of the ongoing trade tensions between the United States and China. These curbs primarily affect industries in India that rely on raw materials, machinery, and components from China, such as the solar po

Months before the 2024 Lok Sabha elections, Finance Minister Nirmala Sitharaman presented an interim budget in February to manage the government’s immediate financial needs. After the BJP-led NDA returned to power for a third term, she unveiled the comprehensive Union Budget for the financial year 2024-25 on July 23. While both budgets play a significant role in the nation's fiscal planning, their objectives and scope are different. An interim budget is a temporary financi

Kodi Pandem, also known as cockfighting, is a notorious yet deeply rooted tradition in the Godavari region of Andhra Pradesh, especially during the Sankranthi festival season. Every year, the event sees intense competitions, with bets often reaching astronomical figures. This year, however, the tradition has gained even more attention due to a particularly high-stakes match that has gone viral on social

The Union Budget for the upcoming financial year is expected to include provisions for promoting artificial intelligence (AI) in India. According to sources, a special policy package for AI is being formulated, with a focus on AI-skilling schemes and the establishment of AI centres. Additionally, the budget is likely to allocate funds to support these initiatives, ensuring measures are in place to safeguard employment in light of AI's rapid advancement. The Ministry of Finance h

Union Minister Ashwini Vaishnaw has strongly rebutted Meta CEO Mark Zuckerberg’s claims regarding the 2024 Indian elections, labelling them "factually incorrect." Zuckerberg, in a recent appearance on the Joe Rogan podcast, suggested that most incumbent governments globally, including India's, lost in the 2024 elections due to post-Covid dissatisfaction. However, the Narendra Modi-led National Democratic Alliance (NDA) won a decisive third term in India, securing the trust

On Friday, Nicolas Maduro was sworn in for a third six-year term as Venezuela's president, despite widespread accusations of election fraud and a growing wave of international opposition. Having served as president since 2013, Maduro has weathered numerous crises, including a collapsing economy, US sanctions, and ongoing protests. His controversial victory in the July 2024 elections was followed by violent crackdowns, which saw over 2,400 people arrested and at least 28 killed. This marks

The week witnessed crucial political and economic developments that influenced market movements across the world. In India, Tata Consultancy Services (TCS) announced its third-quarter earnings, with a net profit rise of 4.1%, while the Union government predicted India's economy would grow at its slowest pace in four years, with a projected GDP growth rate of 6.4% for fiscal year 2024-25. Meanwhile, India's merchandise trade deficit remained elevated despite a reduction in go

Expansion of China's Trade-In Scheme China is extending its consumer trade-in program, originally launched in March 2024, to help stimulate demand in the struggling household sector. The scheme now includes additional home appliances such as microwave ovens, dishwashers, and rice cookers. In an effort to boost the digital goods market, subsidies are also being offered for products like smartphones, tablets, and smartwatches. Consumers who trade in old products can receive subsidies

Chandrababu Naidu's Security Measures Chandrababu Naidu, the Chief Minister of Andhra Pradesh, has been granted one of the highest levels of security among Indian politicians. This is due to the significant security threats he faces, particularly from Naxals, which date back to the Alipiri attack in 2004. The state government has ensured that Naidu’s safety is a top priority by allocating him a robust protection setup, which includes National Security Guard (NSG) commandos an

Infosys, the major IT company, has postponed its annual salary hike for the fourth quarter of FY 2024-25, following the last increase in November 2023. This delay highlights the ongoing uncertainties within the domestic IT sector. One of the key reasons cited for the slowdown is the lack of increased IT spending from clients, influenced by macroeconomic factors, including potential tariffs under the upcoming Donald Trump administration. Infosys is not alone in this move, as other large IT com

The Madhya Pradesh High Court has given the state government six weeks to ensure proper disposal of Union Carbide factory waste in accordance with safety guidelines. This follows the shift of waste, sealed in 12 containers, from the defunct factory in Bhopal to a disposal site in Pithampur, about 250 km away, on January 2, 2025. The court’s decision comes after the state's Advocate General Prashant Singh expressed concerns about unrest in Pithampur due to misinformation about the wa

A court in Bangladesh has issued a second arrest warrant for former Prime Minister Sheikh Hasina, accusing her of enforced disappearances during her time in power. The new charges, which were announced by the chief prosecutor of the International Crimes Tribunal (ICT), Tajul Islam, involve Hasina, her military adviser, and several law enforcement officials. Over 500 people were allegedly abducted by Bangladesh's security forces under her regime, with some of them detained in secret locati

The political relations between the Telugu states of Andhra Pradesh and Telangana have been strained in the past, especially over issues like the distribution of Krishna River water, unresolved power charges after bifurcation, and other disagreements. However, recent statements by Telangana's Chief Minister, Revanth Reddy, suggest a shift toward collaboration. In a public address, Revanth emphasized that the two states should not view each other as rivals but instead compete together glob