Author: TI Editor

Wyndham Hotels’ chief executive Geoffrey A. Ballotti, who is in India for a hospitality summit by HVS Anarock HOPE 2025 in Goa, told Mint that the desire among the new crop of local hotel owners to have greater control over their business is transforming the company’s India strategy. “These new hotel owners want more control of their hotels, unlike those that have worked with traditional management contracts. They don’t need a big, expensive third-party management company to run their hotels now, they want to run their own businesses,” he said. This approach has already helped Wyndham nearly double its footprint…

Industry body Nasscom sees the Indian IT sector surpassing the $300 billion revenue milestone in FY26. But it’s also expected to witness a reset, with slower employee addition, higher costs, AI-driven growth, code-automation and more. Mint decodes the road ahead: What is Nasscom’s IT outlook?The Indian technology industry is expected to grow at 5.1% and add $13.8 billion incremental revenue, taking the total to more than $282.6 billion in FY25, according to Nasscom estimates. In FY26, the tech business will reach a milestone of $300 billion, it said. The coming fiscal will also see more AI-led growth. FY25 was a…

Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you’re an investor, a business professional, or simply interested in the dynamics of various industries, our reports offer a deep dive into the developments that shape the economic landscape. From startups to established giants, we bring you the news that matters to help you make informed decisions in a rapidly…

Guwahati: Assam’s big-ticket investment and infrastructure summit concluded on Wednesday, with investment proposals worth ₹4.91 lakh crore announced during the two-day event, nearly five times that of the previous edition in 2018.Prime Minister Narendra Modi had inaugurated the summit on Tuesday, urging industrialists to invest in Assam, which he described as a land of limitless opportunities, with the state’s economy doubling to ₹six lakh crore during the BJP rule.“The Advantage Assam 2.0 Investment and Infrastructure Summit 2025 is a defining moment in the history of Assam. The second edition drew to a successful close with the valedictory address by Union…

Slack, the widely used workplace messaging platform, experienced a significant outage on Wednesday, affecting thousands of users globally. The disruption, which began at approximately 9:57 PM IST, prevented many from accessing key features such as messaging, workflows, threads, and API-related functions.As the outage persisted, social media users responded with a mix of concern and humour. One X user, @jarvis_best, joked: “Is Slack down or did I get fired?”Another user exaggerated the impact, writing: “Slack being down is a tech startup’s 9/11.”While many turned to humour to cope, the outage caused considerable disruption for businesses dependent on Slack for day-to-day operations.…

IT major Wipro on Wednesday said it will invest USD 200 million (about ₹1,740 crore) in its arm Wipro Ventures to accelerate its funding for startups in the technology innovation space.This marks the fourth funding round for Wipro Ventures since it began operations ten years ago, and is aimed at speeding up investments in startups at the early to mid-stage level, a company statement said.”This latest investment reaffirms our commitment to helping startups grow faster, innovate, and collaborate with the IT services industry to support large enterprises. We envision a collaborative ecosystem, where these emerging technologies can be deployed globally,…

Slack, the popular workplace messaging platform, experienced a significant outage on Wednesday, leaving thousands of users unable to connect or send messages. According to DownDetector, a website that tracks online service disruptions, over 3,000 people had reported issues with Slack by 10:00 PM IST.Slack’s technical dashboard first acknowledged the disruption at 9:57 PM IST, citing difficulties in loading the platform and establishing connections. As the outage persisted, affected users reported problems with core features, including messaging, workflows, threads, and API-related functions. Many also encountered difficulties when attempting to log in.In an update on its status page at 10:00 PM IST,…

British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas production, a change in direction that it hopes will bolster its flagging share price but has been met with incredulity from climate action campaigners.In a statement titled “Reset BP,” the company said it will reduce its spending on net zero transition businesses by $5 billion a year to up to 2 billion. By contrast, it said it would increase its investments in oil and gas production by about 20% to $10 billion.CEO Murray Auchincloss said that the company is focusing…

A recent tech demonstration has shown that artificial intelligence (AI) chatbots can communicate in a unique, high-speed sonic language, raising both intrigue and concern about the future of AI interactions.The innovation, known as GibberLink, was unveiled at the ElevenLabs 2025 Hackathon, reported Techradar. In a YouTube demonstration, two AI agents engaged in a simulated customer service call regarding a hotel booking. Upon recognising that both were AI assistants, they abandoned traditional human-like speech and switched to a more rapid audio-based communication protocol believed to be called GGWave.GGWave, according to a TechRadar report (via a Reddit post) is “a communication protocol…

Investment word of the day: Whenever you make an investment, you will be curious to know how your money is performing over time. There are several measures to check the performance of your investment. One such measure is absolute return.What is absolute return?Absolute return or total return is a measure used to estimate gains or losses made on an investment without comparing it to any benchmark or index. It shows the actual profit or loss generated over a period of time, independent of any other factors.Absolute returns do not depend on any external comparison metric, unlike relative returns, which show…