New Rs 500 crore scheme to promote electric mobility kicks in from April 1

The Rs 500 crore EMPS 2024 scheme aims to boost electric vehicle adoption till July, supporting 3,72,215 EVs with incentives for various types of vehicles and advanced batteries, aligning with the Atmanirbhar Bharat initiative.

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Zomato gets tax demand order of Rs 23 crore

Zomato to appeal Rs 23.26 crore tax demand from Karnataka for FY 2018-19, including GST of Rs 11,27,23,564. Confident in a strong case, Zomato plans legal proceedings within a specified timeframe.

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Infosys set to get Rs 6,300 crore tax refund gain

Infosys received Rs 6,329 crore in tax refunds for 11 years but faces a Rs 2,763 crore tax demand for 2022-23. Various subsidiaries also dealt with tax liabilities and refund orders, impacting the company's overall financial position.

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14 years on, the marvel of DPI’s expanding universe

It’s been 14 years since the first Aadhaar number was issued, a decade since the Unified Payments Interface (UPI) was designed.Ever since, the digital public infrastructure universe has been expanding.

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Govt not at a standstill due to polls, working to make India a $35 trillion economy by 2047: Piyush Goyal

Ahead of elections, Commerce and industry minister Piyush Goyal spoke on centre’s focus, trade, new-age companies and more. He said country’s growth to be based on twin pillars of being inclusive & sustainable.

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OpenAI unveils AI technology that recreates human voices

The high-profile artificial intelligence startup said Friday that a small group of businesses was testing a new OpenAI system, Voice Engine, that can re-create a person's voice from a 15-second recording. If you upload a recording of yourself and a paragraph of text, it can read the text using a synthetic voice that sounds like yours.

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Microsoft and OpenAI planning $100 billion data center project: report

Microsoft and OpenAI are planning a data center project that could cost as much as $100 billion, and will include an artificial intelligence supercomputer called "Stargate", the Information reported on Friday.

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Tredence puts 10% revenues to develop GenAI capabilities: CEO Shub Bhowmick

Tredence, led by CEO Shub Bhowmick, invests in GenAI for various sectors, aiming for 40-50% revenue growth in 2024. The company emphasizes R&D to enhance AI capabilities and developer productivity.

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Large action models gearing up to turn AI’s promise into action

Rabbit’s R1, the world’s first LAM-powered device, is set to start shipping in a week and tech biggies like Microsoft and Salesforce investing in this cutting edge technology. LAMs can be ‘revolutionary’ and bring significant business gains, experts said. AI making choices on the behalf of consumers will, however, also add further complexity to business decision-making.

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Amazon invests $2.75 billion in ChatGPT-rival Anthropic, takes total investment to $4 billion

The investment comes six months after Amazon invested $1.25 billion in Anthropic, making the San Francisco start-up Amazon’s most important AI partner. Amazon said at the time that it had the option to bring its total investment to $4 billion. It had until the end of March to do so, according to financial filings.

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Chiratae Ventures gets $70 million via portfolio sale as VCs eye exits

Chiratae Ventures sold stakes to Madison India Capital for $70 million, involving companies like Lenskart, Bizongo, and Rentomojo. Madison Capital, supported by Lexington Partners, had invested in Sequoia Capital India's portfolio firms like Star Health.

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