Indian domestic software market to hit $100 billion by 2035: Report

New Delhi, (IANS) India's domestic software market is set for massive growth, with projections indicating a five-fold increase over the next decade to reach $100 billion by 2035, a new report said on Tuesday.This growth will be driven by AI-led automation, cost-effective software development, increased adoption by small and medium businesses (SMBs), and expanding government digital initiatives, according to a report by SaaSBoomi and 1Lattice.The software market is currently valued at $20 billion in 2025.The report highlights how India's software market has grown seven times since 2015. However, nearly 75 per cent of the market is still dominated by global players.To achieve the next phase of growth, Indian startups will need to develop homegrown solutions tailored to the country’s unique business and regulatory needs.One of the biggest contributors to this expansion will be enterprise AI and cloud adoption, which is expected to add $35 billion to the market.Notably, digital-first businesses are expected to increase their software spending significantly, from $4.6 billion in 2025 to...
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realme to launch P3 Ultra & P3 smartphones with cutting-edge chipsets on March 19

New Delhi, (IANS): In an era where smartphones have become an essential part of daily life, performance plays a vital role in shaping the user experience. Whether it’s gaming, multitasking, or professional content creation, users demand devices that offer not just speed but also efficiency, stability, and seamless operation.As consumer expectations continue to rise, brands must push boundaries to deliver next-level performance. Leading this revolution, realme has consistently raised the bar with cutting-edge innovations, bringing flagship-level power to a wider audience.By making premium technology more accessible, realme empowers users to enjoy both powerful daily performance and exceptional gaming capabilities.With the upcoming launch of the realme P3 Ultra 5G and realme P3 5G, the brand is once again redefining smartphone performance, bringing unprecedented power to users. These smartphones introduce groundbreaking advancements, making them the most powerful smartphones in their segment.The realme P3 Ultra 5G debuts as the world’s first smartphone powered by the MediaTek Dimensity...
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Indian retail market set to reach Rs 190 lakh crore by 2034 as consumption surges

Mumbai, (IANS): India, the fastest-growing major economy, is set to become the third-largest by GDP by 2030, driving a Rs 190 lakh crore retail market by 2034, according to a report released on Thursday.Consumption in the country has been expanding at a pace ahead of other large economies. The Indian retail market is growing and this expansion has outpaced overall consumption, highlighting the sector’s resilience and strong momentum, according to the report by Boston Consulting Group (BCG) and the Retailers Association of India (RAI).India’s retail market has grown from Rs 35 lakh crore to Rs 82 lakh crore in the last decade, witnessing a 9 per cent growth."It is expected to be Rs 200 lakh crore in the next decade and will offer diverse opportunities which are all at scale and need very different operating models to deliver a winning proposition. There is an opportunity for multiple trillion-rupee turnover retailers by 2035," BCG Managing Director and Senior Partner, Abheek Singhi, said.Affluent households are projected to triple by 2030, creating significant opportunities in premium...
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How to maximise 5G network value in the AI era

The evolution of mobile networks will transform how people connect, work, and interact with technology. At this year’s Mobile World Congress (MWC) Barcelona, Huawei’s Corporate Senior Vice President and President of lCT Sales & Service, Li Peng highlighted the role of 5G advancements in improving the user experiences and creating new business opportunities, in his keynote speech“We’re rapidly entering a fully intelligent world. Intelligent applications are spreading everywhere, placing new demands on networks,” said Li. “By embracing and evolving 5G, we can unlock the infinite potential of mobile networks. Huawei is willing and ready to work with carriers and industry partners around the world to promote digital enablement, reinforce network foundations, and bring AI to all. Together, we can shape the D.N.A for an intelligent world.”Improving mobile networksLi emphasised how the way people interact with technology is changing. With the rise of voice assistants, cloud-based applications, and smart services, mobile networks must offer faster speeds and lower latency. As mobile experiences...
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Sunil Mittal offloads almost $1 billion stake in Airtel

The Indian billionaire made the sale following the company’s positive quarterly resultsThis week, Sunil Mittal has sold a 0.84% stake (51 million shares) in India’s second largest telco, Bharti Airtel, raising roughly $976 million.The sale was made through the Mittal family’s investment company, Indian Continental Investment.Roughly a quarter of these shares were sold to group firm Bharti Telecom, with the remaining three quarters sold to ‘key marquee long-only names, both global and domestic’, according to the filing.A report from Bloomberg names some of the buyers additional buyers as GQG Partners LLC, Fidelity Investments, Lazard Inc, SBI Life Insurance Co., and ICICI Prudential Life Insurance Co.“With this, Bharti Telecom now holds around 40.47 per cent of Airtel, reinforcing its previously stated intent of strengthening its position as the principal vehicle to have a controlling stake in Airtel, remaining focused on gradually increasing its stake while maintaining a prudent leverage profile as it does so,” read the filing.The move follows Airtel posting solid Q3 financial results...
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Bunnings has toppled Woolworths as Australia’s most ‘trusted’ brand – what makes us trust a brand in the first place?

Louise Grimmer, University of TasmaniaThink of some of the world’s biggest brands: Nike, McDonald’s, Coca-Cola, Apple. With what do you associate them? Are they positive associations? Now consider, do you trust them? Brand trust is a measure of how customers feel about a brand in terms of how well the brand delivers on its promises. Trust is an important measure for any organisation, large or small. Whether or not customers trust a brand can be the difference between choosing that brand’s products or services over another. In Australia, Woolworths held the title of our most trusted brand for three and a half years. But recent cost-of-living pressures have put supermarkets in the spotlight for all the wrong reasons. Roy Morgan Research’s most recent trust rankings show Woolworths has slipped to number two, handing its crown to hardware behemoth Bunnings. It’s clear that trust is fragile and can be quickly squandered when brands lose touch with those they serve. So what makes us trust a brand in the first place? And why do we trust some more than others? What makes us...
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Netflix reports surge in subscribers, new price hikes

SAN FRANCISCO - Netflix on Tuesday said it added nearly 19 million subscribers during the holiday season to finish out last year with more than 300 million subscribers.Company executives credited steady investments in shows and films with helping power growth at the streaming behemoth, while announcing it is increasing prices in Argentina, Canada, Portugal and the United States."As we continue to invest in programming and deliver more value for our members, we will occasionally ask our members to pay a little more so that we can re-invest to further improve Netflix," the company said in a letter to investors.Premium and standard memberships in the United States will cost $2 more per month, $25 and $18 respectively, while a standard ad-supported tier will be $8 in an increase of one dollar monthly, according to the company.In the final quarter of 2024, the streaming juggernaut said it logged profit of $1.87 billion on revenue of $10.25-billion that grew double digits from the same period the prior year.Netflix shares jumped more than 14 percent to top $993 in after-market trades."We...
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The Third Eye: All business is human activity

New Delhi, (IANS): Different aspects of business, including sales promotion, building mutual trust with prospective buyers on the strength of the customer feedback, effective communications, honouring the organisational ethics, and use of emotional intelligence for handling people, prove the basic point that all business is about human beings -- conducted 'by and for the people'.Even funding, business diversification, and mergers involve individuals as investors, planners of growth, and negotiators from the two sides.Successful businesses ultimately owe their gains to a set of persons who took right decisions at the right time and who are knowledgeable about the market and the competitors.This required them to be information savvy -- a quality that only human beings could have.In the era of Artificial Intelligence and 'Machine Learning', it is data analytics that held the key to productivity but it worked within the fundamental principle that results would be dependant on the information 'fed' into the system.The gift of 'imagination' that only a human mind possessed, could make all...
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For two consecutive years, Huawei has been recognized among notable vendors in the zero trust edge field

Viewpoint[Beijing, China, December 16, 2024] Huawei announced today that Forrester, an international authoritative organization, recently released The Zero Trust Edge Solutions Landscape, Q4 2024 (hereinafter referred to as the “Report”), which provides an overview of zero trust edge solutions (secure access service edge or SASE technologies like SD-WAN, ZTNA, SWG) of 25 vendors. This report provides an authoritative definition and overview of the zero trust edge market. Huawei has been named among notable vendors for two consecutive years.The report analyzes the business value of SASE and covers the market maturity, technologies, and application scenarios of SASE solutions provided by different vendors. The report allows readers to identify potential partners who are the right fit for their organizations to implement a zero trust edge security model.Huawei Xinghe Intelligent SASE Solution Building an Intelligent Security Protection System for EnterprisesIn an increasingly complex network security environment, zero trust architecture has become the key for enterprises to ensure business...
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The multi-billion dollar startup sector is bouncing back – 8 big trends will shape 2025

Rod McNaughton, University of Auckland, Waipapa Taumata RauStartups have always been at the forefront of innovation. But factors such as artificial intelligence (AI), sustainability and decentralisation are set to reshape industries in 2025. Businesses are defined as startups when they are in the initial stages of development. They are characterised by the potential for rapid growth and external funding. And they are also sensitive to economic shifts and investment uncertainty. For Australia and New Zealand, startups play an important role in overcoming geographic and market constraints. They can also help address both countries’ persistent productivity challenges. Industry body Startup Genome estimates Sydney’s startup ecosystem was worth US$72 billion in 2024 with more than 3,000 startups. New Zealand’s ecosystem is valued at $9 billion across 2,400 startups. Both Australia and New Zealand have weathered global challenges such as recent slowdowns in investment activity when startups struggled to secure funding. But venture investments in both countries recovered well in 2024...
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China says ready to usher new era of development in Sri Lanka

Chinese President Xi Jinping expresses willingness to collaborate during historic meeting with President Anura Kumara Dissanayake in BeijingTwo countries sign several Memoranda of Understanding covering economic, social, and industrial sectorsChina yesterday expressed readiness to collaborate with Sri Lanka towards a new era of development.This was conveyed by Chinese President Xi Jinping during his meeting with the visiting Sri Lanka President Anura Kumara Dissanayake in Beijing.Dissanayake, on a four-day State visit to China, received a warm welcome on arrival on Tuesday and held an official meeting with President Xi yesterday at the Great Hall of the People.Upon President Dissanayake’s arrival at the Great Hall, he was warmly received by President Xi. The welcoming ceremony was conducted with great honour, including a ceremonial gun salute. Dissanayake, for the first time since assuming office as President, was sporting a jacket and tie.Following initial cordial discussions between the two leaders, bilateral talks commenced.During the discussions, President Xi emphasised China’s...
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'Lost year': Germany electric car sales go into reverse

Sales of new electric vehicles in Germany plunged last year, official figures showed Monday, as a slow switch to battery-powered cars deepened the woes of the country's flagship auto industry.Just 380,609 EVs were registered in 2024 in Europe's largest auto market, 27.4 percent fewer than in the previous year, the KBA federal transport authority said.After years of growth, demand for battery-powered cars lost momentum as the German economy has struggled and key subsidies were withdrawn.The slump in EV sales amounted to a "lost year for electro-mobility", said EY analyst Constantin Gall.AFP/File | Ronny HARTMANNThe sudden end of the support programme in 2023 amid a government budget crisis had led to "massive uncertainty among potential buyers", he said.High prices for new EV models, still patchy charging infrastructure and range limitations were putting off new buyers in Germany, he said.The drop in EV sales led an overall decline in the German car market, which has struggled to recover since the coronavirus pandemic.Some 2.8 million new cars were sold in 2024 in Europe's top economy,...
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Why a Powerful POS System is Essential for a Successful Store

Success in retail, particularly for convenience stores, isn’t just about having the right products on the shelves. It’s also about efficiency, customer engagement, and data-driven decisions. While traditional cash registers served a purpose, they are simply no longer enough to keep up with today’s market demands.This is where a modern Point of Sale (POS) system like the one offered by National Retail Solutions (NRS) becomes an indispensable tool, propelling your store from simply surviving to truly thriving.Beyond Basic Transactions: The Power of an All-in-One SolutionNRS understands that independent retailers, especially convenience stores, need a powerful yet user-friendly POS system. Our all-in-one solution is designed to meet these needs, offering a comprehensive suite of features beyond basic transaction processing. Instead of just recording sales, the NRS POS acts as the central nervous system of your business, streamlining operations and providing valuable insights.NRS POS: Feature-rich and Tailored for ConvenienceThe NRS POS system stands out with its robust features, carefully...
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IBM and Samsung poised to win £900m Emergency Services Network contract over BT

The news comes after BT signed a separate ESN contract last weekIBM and Samsung are set to secure a £895m contract to deliver user services for the UK’s new Emergency Services Network (ESN), leaving BT and its Italian partner Leonardo out of the deal, according to a recent Telegraph report.The Home Office’s decision marks a key step in the long-delayed and over-budget ESN project to modernise communication systems for police, fire, and ambulance services in the UK.BT had been considered a frontrunner for the contract, which includes managing emergency responder accounts, supplying devices, and developing “push-to-talk” functionality. However, industry sources suggest concerns over awarding multiple contracts to BT may have influenced the decision.Just last week, the UK incumbent won a £1.29 billion contract to provide the ESN’s network infrastructure.The ESN project has faced significant challenges, including Motorola’s controversial departure in 2022 after a clash with regulators over alleged overcharging. Since then, the Home Office has struggled to replace the user services provider,...
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Businesses can’t escape the AI revolution – so here’s how to build a culture of safe and responsible use

Oselote/Shutterstock Nicholas Davis, University of Technology Sydney and Gaby Carney, University of Technology SydneyIn November 2023, the estates of two now-deceased policyholders sued the US health insurer, United Healthcare, for deploying what they allege is a flawed artificial intelligence (AI) system to systematically deny patient claims. The issue – they claim – wasn’t just how the AI was designed. It was that the company allegedly also limited the ability of staff to override the system’s decisions, even if they thought the system was wrong. They allege the company even went so far as to punish staff who failed to act in accordance with the model’s predictions. Regardless of the eventual outcome of this case, which remains before the US court system, the claims made in the suit highlight a critical challenge facing organisations. While artificial intelligence offers tremendous opportunities, its safe and responsible use depends on having the right people, skills and culture to govern it properly. Getting on the front foot AI is pervading businesses whether they...
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