The investment, which will also include the establishment of new data centres, is part of the Redmond-headquartered firm's push to support India's growing digital economy.
India has become a key market for global tech majors Microsoft and its rivals like Google and Amazon Web Services (AWS) that are capitalising on the country's 1.4 billion-strong population and its emerging digital economy. Amazon plans to invest $12.7 billion in its Indian operations by 2030, while Nvidia has tied up with Mukesh Ambani's Reliance Industries to build AI infrastructure and an innovation centre in the country.
Microsoft's India commitment follows the company's recently announced plans to invest $80 billion on AI-enabled data centres in 2025.
The Hyderabad-born Microsoft CEO, who is on a two-day visit to India, met Prime Minister Narendra Modi on Monday. The company said this investment aims to accelerate AI innovation in India, which is pivotal for achieving Prime Minister Narendra Modi's vision of a developed India (Viksit Bharat) by 2047.
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Diese Geschichte stammt aus der January 08, 2025-Ausgabe von Business Standard.
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'When movies connect, they go to another level'
At 1,745 screens, PVR Inox is the largest multiplex chain in India. But the ₹6,200 crore (2023-24 revenue) chain has seen its stock being hammered in the market. The buzz is that the cinema business is in trouble. Its managing director, AJAY BIJLI, in a quick chat with Vanita Kohli-Khandekar, talks about the state of the movie business and his prognosis for 2025. Edited excerpts:
Ticket prices may make 2025 a hit after dud 2024
Pushpa 2: The Rule broke box-office (BO) records not only due to Allu Arjun reprising his role as Pushpa Raj but also because of a surge in the movie's average ticket price (ATP).
Fall in ₹, Win Some, Lose Some for Auto Industry
While exporters benefit, import-dependent firms expected to struggle
Rupee volatility likely to drive imported car prices off course
Luxury car sales touched 51K units for first time in '24
Recovery agents in demand as banks' unsecured loan stress rises
Between Jul and Dec, number of such agents grew by almost 50%
Import stats for gold, silver, electronics lowered for Apr-Nov
The central government has revised downwards the import data for precious metals such as gold and silver by $11.69 billion and $950 million, respectively, during the first eight months of the financial year (2024-25), Directorate General of Commercial Intelligence and Statistics (DGCI&S) data showed.
One-time Customs amnesty scheme likely in Budget
The Union government is considering introducing a one-time amnesty scheme in the FY26 Budget to be presented on February 1, similar to the Vivad Se Vishwas scheme for income tax, to resolve pending Customs disputes, a senior government official said on condition of anonymity.
Now playing: The making of one cinema market
In 2024, Indians bought 883 million movie tickets, 6 per cent fewer than in the previous year.
TCS Q3 Net Profit Jumps 12%, Misses Estimates
IT behemoth's revenue swells 5.6%; North America remains a drag
Indian cos vie to top future tech adoption chart
Employers in India are planning to outpace global adoption in certain future technologies as companies operating in the country are heavily investing in technologies like artificial intelligence (AI), energy technologies, robotics, and autonomous systems, said the World Economic Forum (WEF) in its latest \"Future of Jobs\" report released on Wednesday.
