Latest news with #Development
Business Upturn
3 hours ago
- Business
- Business Upturn
Tata Elxsi partners with KAVIA AI to revolutionize software development with GenAI-Powered automation
Tata Elxsi, a global leader in design and technology services, has entered into a strategic partnership with San Francisco-based KAVIA AI—a next-generation Software 3.0 platform driven by enterprise-grade AI. This collaboration is set to reshape the software development landscape by integrating generative AI (GenAI) into every stage of the Software Development Lifecycle (SDLC). KAVIA AI, known for its robust cloud-native Workflow Manager Platform, is designed to handle millions of lines of code and manage intricate backend systems. It automates the full development process, from planning and architecture to coding, testing, deployment, and ongoing maintenance. By joining forces, Tata Elxsi and KAVIA AI aim to enhance software quality, reduce development cycles, and accelerate time-to-market for businesses operating in high-reliability sectors such as transportation, media, communications, and healthcare. This GenAI-assisted automation will be embedded across Tata Elxsi's internal platforms and client-facing solutions. The initiative will deliver intelligent, domain-specific automation by combining Tata Elxsi's engineering depth with KAVIA AI's scalable, AI-first platform—enabling smarter and faster software delivery without compromising on compliance or quality. Early deployment of this collaboration is already showing promise across SaaS platforms, embedded systems, middleware, and device development. These pilot programs have demonstrated notable improvements in development speed, architectural efficiency, and software reliability. This partnership marks a significant step forward in enterprise software innovation, bringing scalable, AI-driven development solutions to mission-critical industries around the world. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
4 hours ago
- Business
- Time of India
How US-EU aerospace rivals united to preserve tariff-free aircraft trade
A provisional deal between the United States and European Union to exempt aircraft from tariffs avoids a potential threat to jet production and deliveries in both regions and caps months of uncharacteristic unity among plane-making rivals. The framework deal, announced on Sunday, will see the U.S. impose a 15% import tariff on most EU goods but offer protection for industries including aerospace, with zero-for-zero tariffs on aircraft and parts, European officials said. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Technology Others Operations Management Design Thinking Leadership Management MBA Product Management Data Science Degree Healthcare Finance Data Analytics Digital Marketing Artificial Intelligence MCA PGDM CXO others Project Management Data Science healthcare Cybersecurity Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Following intense lobbying, it spares an industry that is often a lightning rod for trade tensions, with the World Trade Organization tested to its limits by a 17-year dispute over Airbus and Boeing subsidies before a truce in 2021. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Rates Aircraft, engines, spare parts, and components from landing gear to seats had faced potentially higher costs and some jet deliveries looked set to be disrupted by the threatened U.S. tariffs that would have compounded supply chain problems. Still, questions remain over detailed implementation of the deal and whether it will extend to other components like space. Live Events "We are just waiting until we see these things written down," one European industry official told Reuters. Airbus said it had taken note of the deal. "A stable and predictable trade environment is essential for our highly integrated global aerospace industry ," it said. Boeing had no immediate comment. UNITED CAMPAIGN Sunday's agreement follows a discreet and unusually united campaign to revert to a landmark 1979 agreement between over 30 nations that mandated duty-free trading in civil aircraft. An industry that only a few years earlier had torn itself apart over trade disputes on subsidies involving Airbus and Boeing found itself in lockstep on both sides of the Atlantic. But two terms from the industry's previous trade handbook were quietly dropped, sources said: multilateral and WTO. The 1979 Agreement on Trade in Civil Aircraft that eliminated tariffs on aircraft and parts is one of a handful of industry-specific deals that survived from an earlier round of trade talks when the World Trade Organization opened in 1995. U.S. President Donald Trump, who once called the WTO "the single worst trade deal ever made," appears to prefer bilateral deals over broad alliances from trade to security, and "multilateralism" is one of the biggest bugbears of his America First philosophy. Lobbying was intense from all quarters but industry sources highlighted a discreet but influential role played by GE Aerospace CEO Larry Culp. Culp told Reuters in April he had advocated re-establishing the tariff-free regime for the aerospace industry during a meeting with Trump at the White House. He said the position was "understood" by the administration, stressing that the zero-duty regime had helped the U.S. aerospace industry reach a $75 billion annual trade surplus. Industry officials also argued aerospace was interconnected and that U.S. tariffs would not favour Boeing at the expense of its European rival Airbus, but merely hurt everyone. GE did not have any immediate comment on the new deal. In May, Trump reached a trade accord with Britain that tested the ground by restoring duty-free trading in jet engines. 'TEMPLATE' FOR TALKS After the US-UK trade deal, aerospace industry officials urged the White House to use it as a template for future trade negotiations . GE's Culp and Delta Air Lines CEO Ed Bastian mentioned the deal as a template to follow. The agreement stops short of restoring the whole 1979 agreement and focuses on the single largest aerospace markets. Boeing typically delivers 17% of its jets to Europe while Airbus delivers some 12% to the United States, some of which are assembled locally, according to Boeing and Cirium data. But Europe and the U.S. are each other's largest market for aircraft components, according to French industry lobby Gifas. Although the agreement relieves one significant source of pressure, there are concerns that Boeing, Airbus and their suppliers could still be caught up indirectly in trade tensions between Washington and China, as they seek to do business there. Aerospace companies are also awaiting findings from an ongoing U.S. trade investigation into aerospace. In May, the U.S. Commerce Department launched a "Section 232" national security investigation into imports of commercial aircraft, jet engines and parts that could form the basis for tariffs or quotas. U.S. airlines who met the department say much of the focus has been on China and concerns over potential further disruption to key supplies, on top of rare earths and magnets. It could also be used to impose new tariffs on Brazil, home to Embraer, for whose regional jets there are few alternatives. U.S. carriers currently face 50% tariffs on imports of the jets, which Embraer says could add $9 million per plane. Alaska Air said last week it could defer some deliveries.
Time of India
21 hours ago
- Business
- Time of India
IndusInd Bank Q1 Results: Cons PAT falls 72% YoY to Rs 604 crore; NII down 14%
IndusInd Bank on Monday reported a 72% year-on-year fall in its consolidated net profit for the June quarter at Rs 604 crore, compared to Rs 2,171 crore in the year-ago period. The private lender's Net Interest Income (NII) in Q1FY26 stood at Rs 4,640 crore as compared to Rs 5,408 crore in Q1 FY25, declining 14%. The net interest margin (NIM) stood at 3.46% for Q1 FY26 as compared to 4.25% for Q1 FY25. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Data Analytics Degree Others Artificial Intelligence Leadership Project Management Digital Marketing Data Science MCA Management Operations Management MBA Finance Product Management Data Science CXO Cybersecurity healthcare PGDM others Healthcare Design Thinking Technology Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Highlights from Bollywood 2025 that captured attention Learn More Undo The bank's net worth in the quarter under review stood at Rs 62,961 crores in Q1FY26 as compared to Rs 62,532 crores in Q1FY25. IndusInd Bank's revenue from fee and other income for the Q1FY26 stood at Rs 2,157 crore as compared to Q1FY25 at Rs 2,442 crore. More to come...
Observer
2 days ago
- Business
- Observer
Jusoor Forum showcases disability entrepreneurship
SALALAH: An event titled 'Oman Broadband Jusoor Forum: A Step Towards Empowering People with Disabilities' was held on Sunday in the Wilayat of Salalah, as part of ongoing efforts to support and economically empower individuals with disabilities. Dr Laila bint Ahmed al Najjar, Minister of Social Development, and patron of the opening ceremony, emphasised that the forum represents an effective model of collaboration between the public and private sectors. She noted that such initiatives serve priority community groups, particularly people with disabilities, and reinforce efforts to empower them across various levels. She highlighted that this purposeful community engagement reflects a national commitment to empowering people with disabilities, enhancing their economic participation, and providing them with opportunities to showcase their capabilities and talents. She affirmed that empowering this group is a priority within the Ministry of Social Development's plans and programmes, in partnership with Oman Broadband Company, to build an equitable society that fosters sustainable creativity and skill development for all its members. On his turn, Eng Sultan bin Ahmed al Wahaibi, CEO of Oman Broadband Company, stated that organising the forum aligns with the company's corporate social responsibility. He affirmed that people with disabilities are capable of contributing meaningfully when provided with a supportive environment and appropriate opportunities. Meanwhile, Asma al Balushi, founder of the 'Jusoor' project for empowering people with disabilities, emphasised that the initiative stemmed from a deep belief in the capabilities of this group. She revealed future plans to transform the project into an independent institution dedicated to sustainable empowerment, serving as a platform for the voices of people with disabilities and an umbrella for initiatives supporting them and their development partners. The forum, organised by Oman Broadband Company in collaboration with the 'Jusoor' project, witnessed significant visitor engagement, with attendees praising the quality and diversity of exhibits across 12 specialised pavilions. The event is part of a series of community and awareness activities carried out by Oman Broadband Company in Dhofar Governorate, coinciding with the Khareef Dhofar Season 2025. - ONA
Muscat Daily
2 days ago
- Business
- Muscat Daily
"Bridges" forum showcases empowerment projects for people with disabilities in Salalah
Salalah – The 'Oman Broadband Bridges: A Step Towards Empowering People with Disabilities' forum was held today in Salalah, highlighting innovative initiatives aimed at supporting and economically empowering people with disabilities. Held under the patronage of H E Dr. Laila bint Ahmed al Najjar, Minister of Social Development, the forum served as a platform for public-private collaboration focused on inclusive development. Dr. Al-Najjar stressed that empowering people with disabilities remains a national priority, and that such community-driven efforts reflect Oman's commitment to building an inclusive society that nurtures talent and ensures equal opportunities for all. The forum was organized by Oman Broadband Company in partnership with the 'Bridges' project, a local initiative dedicated to the sustainable empowerment of people with disabilities. CEO Eng. Sultan bin Ahmed al Wahaibi emphasised that the event aligns with the company's social responsibility goals, noting that providing a supportive environment enables individuals with disabilities to thrive and contribute meaningfully to society. Asma bint Ali al Balushi, founder of the 'Bridges' project, shared her vision of evolving the initiative into an independent institution that can serve as a voice and support hub for people with disabilities and their development partners. The forum featured 12 diverse pavilions showcasing products, services, and success stories by and for people with disabilities. It received strong engagement from visitors, who praised the range and quality of exhibits. The event forms part of a broader series of awareness and community engagement activities conducted by Oman Broadband Company during the 2025 khareef season in Dhofar governorate.
