- Thursday, February 27, 2025
By: Shubham Ghosh
HERE are news in brief related to Indian economy and business for Wednesday, July 26, 2023:
The information and technology minister of the western Indian state of Goa has said that his department will come up with artificial intelligence-based chatbots to deliver services in a more efficient manner and help people in addressing their grievances. Speaking in the state assembly, Rohan Khaunte also announced various other initiatives including free wi-fi connectivity in villages of the coastal state. Responding to the demands for grants, Khaunte said his department will introduce AI-based chatbots to deliver services to citizens in a more efficient and effective way.
Jio Financial Services Limited (JFS) and BlackRock on Wednesday (26) unveiled an agreement to set up a “Jio BlackRock,” a 50:50 joint venture, Moneycontrol reported. The collaboration sees coming together of the strengths and trusted brands of BlackRock and JFS to provide tech-enabled access to affordable, innovative investment solutions for several Indian investors. Jio BlackRock combines BlackRock’s expertise in areas such as investment management, risk management and technology with Jio Financial Services’ local market knowledge and digital infrastructure. Each partner plans an initial investment of US $150 million, the report added.
Indian carrier Air India is likely to replace its iconic ‘Maharajah’ mascot as it undergoes a major revamp, a report by the Economic Times said. However, the image might not be fully forgotten as it may continue to be used at the airline’s lounges and premium classes. It was reported that the airline has had a number of logos over time, including a centaur, a rising sun and a flying sun. The ‘Maharajah’ symbol was introduced in 1946, a year before India became independent. Air India will get a new livery featuring red, white and purple colours. The purple colour is likely to denote the colour of Vistara airlines, post its merger with Air India.
In a significant boost to the efforts of the southern Indian state of Telangana to take the information technology industry to smaller towns, S2Integrators, a fast-growing software and IT services company based in Atlanta, US, has announced it will set up its offshore centre in the state’s Mahabubnagar IT park. The company is founded and led by entrepreneurs Srini Santhanam and Srikanth Lingidi. Announcing the initiative in the presence of V Srinivas Goud, Telangana’s minister of prohibition & excise, sports & youth services, tourism & culture and archaeology, Lingidi, who incidentally hails from Telangana expressed happiness about expanding into the smaller towns of the state.
IndiGo operator InterGlobe Aviation on Wednesday said it is working with the US aerospace manufacturer Pratt & Whitney to assess any potential effect on its fleet, after a warning from the American engine-maker spooked global airlines, Reuters reported. Raytheon, Pratt’s owner, said a day earlier that a “rare condition” in powdered metal meant 1,200 of more than 3,000 engines, built for the twin-engined Airbus A320neo between 2015 and 2021, have to be removed from aircraft and checked for micro cracks that would point to fatigue. The development comes a month after the Indian budget carrier placed a record order for 500 narrowbody jets from Airbus.
(With agency inputs)
