Trump called Bezos to complain about Amazon report

Former US President Donald Trump reportedly called Amazon Executive Chairman Jeff Bezos to object to a news report claiming the company would show the impact of tariffs on product prices. Amazon denied the report, stating it had no plans to display tariff-related pricing on its retail site and had not implemented any such changes.

from Tech-Economic Times https://ift.tt/m6L4dNU

In fierce UPI fight, new players Flipkart-backed Super.Money, Navi, Cred start to gain ground

New-generation UPI apps such as Navi, Cred, Bhim, and Super.Money have been quietly gaining market share over the last six months, aggressively using cashbacks and incentives to carve out a slice of the growing digital payments market. NPCI data shows that these smaller apps have collectively nearly doubled their market share.

from Tech-Economic Times https://ift.tt/JvleuHR

Solar-focussed NBFC Metafin raises $10 million in round led by Vertex Ventures SEA & India

Existing investors Prime Venture Partners and Varanium Capital participated in the Series A round, along with Northern Arc and AU Small Finance Bank. The funds will be used to deepen its presence in existing markets, expand into new states, and strengthen its tech, credit, and service infrastructure.

from Tech-Economic Times https://ift.tt/dFusWYN

High US tariffs pushing Chinese exporters to tap Indian firms for shipments to America: FIEO

High US tariffs on Chinese goods are pushing American sourcing firms and Chinese exporters to approach Indian companies for supplies, creating major opportunities for Indian exporters. FIEO highlights rising interest, though regulatory hurdles remain for Chinese firms investing in India.

from Tech-Economic Times https://ift.tt/RJ6cGWQ

IT grapples with 20%+ drop in deal pricing on macro, AI impact

This scenario is expected to sustain leading IT firms to sharpen focus on cost efficiencies and vendor consolidation amid continued slowdown in technology spends by most corporate clients, analysts said. After Covid's strong growth period, the over-$280 billion technology services outsourcing industry has seen projects tilt towards cost takeout and vendor consolidation.

from Tech-Economic Times https://ift.tt/IOr7AqN

Singapore orders foreigners' Facebook posts taken down under new election rules

Singapore has ordered Meta to block local access to posts by three foreigners accused of trying to sway the upcoming May 3 election along racial and religious lines. The move, under new social media rules, sparked denials from those involved and raised concerns about foreign interference in domestic politics.

from Tech-Economic Times https://ift.tt/V23JRpz

Israel's AI experiments in the war in Gaza raise ethical concerns

The Gaza conflict saw rapid deployment of AI tools—from facial recognition to Arabic-language chatbots—raising both strategic advantages and ethical concerns over surveillance, misidentification, and unintended civilian harm. These technologies, developed by Unit 8200 and tech-industry reservists, mark a new era of real-time AI use in warfare, prompting urgent debate over accountability and the human cost.

from Tech-Economic Times https://ift.tt/9somRb6

India grappling with a dearth of agentic AI experts

India is grappling with a critical shortage of agentic AI professionals as demand surges, driven by the shift towards sophisticated AI agents capable of autonomous decision-making. The current talent pool of under 100,000 is struggling to meet the projected need of 200,000 by 2026, leading to soaring salaries and intense competition among GCCs, IT firms, and startups.

from Tech-Economic Times https://ift.tt/cuxLkib

Samsung to invest $117 million in southern Indian facility, minister says

Samsung Electronics will invest ₹10 billion ($117 million) in its southern India plant despite recent labor unrest. Following strikes and protests over suspensions and wage demands, the move signals continued confidence in Tamil Nadu’s workforce, with plans to add 100 jobs at the facility.

from Tech-Economic Times https://ift.tt/yc0SgzH

After years of failed AI deals, Intel plans homegrown challenge to Nvidia

Intel aims to challenge Nvidia's AI chip dominance with a homegrown, holistic strategy under new CEO Lip-Bu Tan. Emphasising product refinement and full-system offerings, Intel will shift from acquisitions to in-house innovation, though analysts warn breaking into the market remains a steep, uncertain climb.

from Tech-Economic Times https://ift.tt/uLM3Uz4

Mid-tier IT company Persistent's Q4 net profit balloons 25%

While healthcare will continue to see softness, CEO and executive director Sandeep Kalra is optimistic that banking, financial services & insurance and technology sectors to lead growth in the next three to four quarters.

from Tech-Economic Times https://ift.tt/3YEqxfR