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Left unanswered on Monday: which company is paying the other as part of a tight collaboration that has potentially lasting monetary benefits for both. But, according to people briefed on the matter, the partnership isnt expected to generate meaningful revenue for either party — at least at the outset.
The Indian elections resulted in a surprise, denying an outright majority to the BJP. Despite this, prospects of strong growth through Narendra Modi's third premiership offer comfort to international businesses, as highlighted by Jose Vinals, chairman of Standard Chartered.
Apple on Wednesday reclaimed its berth as the world's biggest company when measured by stock price, taking back the top position from Microsoft. Apple, which had taken its time to draw up its AI strategy, lost the top spot in January as investors rewarded Microsoft's unabashed rollout of new generative AI products under its Copilot brand.
Investors are bullish about the company, lured by the growing adoption of ultra-fast delivery platforms despite the high cash burn that typically accompanies these kinds of good-for-consumer businesses.
The DPDP Act, passed in August, aims to have administrative rules notified within a year to ensure compliance. The Act focuses on personal data collection, processing, and storage, marking India's first regulation on digital personal privacy. The rules are crucial for data protection, stakeholder engagement, and regulatory enforcement.